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10 Yrs X-Ray 
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Avro India Ltd (AVROIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543512 NSE: AVROIND Plastic Products | Small Cap | Avro India Share Price
₹5.69 0.51 (9.85%)
As on 16-Oct'26 16:59
Avro India Ltd (AVROIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543512 NSE: AVROIND Plastic Products | Small Cap | Avro India Share Price
₹5.69 0.51 (9.85%)
As on 16-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹76 Cr.
Current Price
₹5.7
52-Week Low / High
₹4 / 16
TTM EPS
₹0.3
TTM Sales
₹98.3 Cr.
Book Value per Share
₹6.1
P/E Ratio
18.01
Lower than its 5-year historical median
Industry PE
37.4
Price to Book (P/B)
0.93
Lower than its 5-year historical median
Price to Sales (P/S)
0.78
Lower than its 5-year historical median
EV/EBITDA
5.50
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.90%
Return on Capital Employed (ROCE)
7.88%
Return on Assets (ROA)
3.83%
Operating Profit Margin
3.6%
Net Profit Margin
4.86%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
16.18%
Operating Profit Growth (1 Year)
-
-33.27%
Net Profit Growth (1 Year)
-
51.32%
Asset Quality
Promoter Holding
53.64%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹69 Cr.
Equity
₹13.4 Cr.
Face Value
₹1
All Time Low / High
₹4.02 / 23.04
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Avro India Ltd a good quality company?
Avro India Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Avro India Ltd performance compare with that of its Peers?
Revenue growth of Avro India Ltd vs industry peers?
Avro India Ltd revenue CAGR is -10.15%, compared to the industry median CAGR of %, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Avro India Ltd?
Promoters hold 53.64% of the Avro India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Avro India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -38.48% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Avro India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.2% | 22.1% | 17.4% | 13.7% | 18.9% | 23% | 25.9% | 20.6% | 8.2% | 7.1% | - |
| Value Creation Index ⓘ | -0.4 | 0.6 | 0.2 | 0.0 | 0.4 | 0.6 | 0.9 | 0.5 | -0.4 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 13.8 | 26.9 | 49.1 | 44.1 | 53.3 | 64.7 | 80 | 93.4 | 78.3 | 91 | 93 |
| Sales YoY Gr. | - | 95% | 82.5% | -10.2% | 20.9% | 21.5% | 23.6% | 16.7% | -16.1% | 16.2% | - |
| Adj EPS ⓘ | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.2 | 0.3 | 0.3 |
| YoY Gr. | - | 450% | -9.1% | 10% | 54.6% | 70.6% | 37.9% | -5% | -36.8% | 29.2% | - |
| BVPS (₹) ⓘ | 0.4 | 0.5 | 0.9 | 1 | 1.1 | 1.4 | 1.9 | 2.3 | 5.7 | 6 | 6.1 |
| Adj Net Profit ⓘ | 0.1 | 0.8 | 1 | 1.1 | 1.7 | 3 | 4.1 | 3.8 | 3.2 | 4.1 | 4 |
| Cash Flow from Ops. ⓘ | 1.9 | 2.5 | -2.1 | 2.2 | 0.1 | -0.6 | 2.8 | 6.1 | -2.3 | 4.1 | - |
| Debt/CF from Ops. ⓘ | 2 | 1.3 | -1.7 | 1.2 | 55.8 | -13.2 | 4.1 | 2.6 | -8.6 | 4.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 23.3% | 11.3% | 4.4% | 16.2% | ||||
| Adj EPS ⓘ | 35.6% | 12.8% | -8.2% | 29.2% | ||||
| BVPSⓘ | 36.3% | 39.4% | 47.9% | 5.5% | ||||
| Share Price | - | -37.3% | -20.5% | -60% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.1 | 17.6 | 10.7 | 8.6 | 11.1 | 15.4 | 17.8 | 14.2 | 5.6 | 4.7 | 4.8 |
| Op. Profit Mgn % ⓘ | 10.4 | 9.7 | 5.9 | 6.2 | 7.1 | 8 | 7.9 | 6.3 | 6.5 | 3.5 | 2.3 |
| Net Profit Mgn % ⓘ | 1 | 3.1 | 2.1 | 2.5 | 3.2 | 4.6 | 5.1 | 4.1 | 4.1 | 4.5 | 4.2 |
| Debt to Equity ⓘ | 1.5 | 0.9 | 0.4 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 122 | 93 | 70 | 91 | 83 | 108 | 116 | 116 | 187 | 201 | 107 |
| Cash Conv. Cycle ⓘ | 41 | 26 | 30 | 53 | 57 | 71 | 78 | 77 | 115 | 128 | 50 |
Valuation of Avro India - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Sales | 78.32 | 94.64 |
| Operating Expenses ⓘ + | 73.24 | 91.25 |
| Operating Profit ⓘ | 5.08 | 3.39 |
| Operating Profit Margin (%) | 6.5% | 3.6% |
| Other Income ⓘ + | 4.60 | 9.04 |
| Interest ⓘ | 1.58 | 1.63 |
| Depreciation ⓘ | 3.92 | 4.56 |
| Profit Before Tax ⓘ | 4.02 | 6.24 |
| Tax ⓘ | 0.97 | 1.64 |
| Profit After Tax | 3.04 | 4.60 |
| PAT Margin (%) | 3.9% | 4.9% |
| Adjusted EPS (₹) | 0.2 | 0.4 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'25 | Mar'26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 81.84 | 86.32 | |||||||||
| Debt + | 18.45 | 15.80 | |||||||||
| Minority Interest | 0 | 0 | |||||||||
| Trade Payables | 8.85 | 8.15 | |||||||||
| Others Liabilities ⓘ | 9.09 | 11.58 | |||||||||
| Total Liabilities ⓘ | 118.23 | 121.84 | |||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 24.54 | 25.76 | |||||||||
| CWIP ⓘ | 3.08 | 5.94 | |||||||||
| Investments ⓘ | 1.55 | 0.31 | |||||||||
| Inventories | 14.98 | 19.85 | |||||||||
| Trade Receivables | 23.51 | 28.43 | |||||||||
| Cash Equivalents | 42.30 | 29.59 | |||||||||
| Others Assets ⓘ | 8.28 | 11.96 | |||||||||
| Total Assets ⓘ | 118.23 | 121.84 | |||||||||
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -2.30 | -4.11 |
| Cash Flow From Investing Activity ⓘ + | -23.73 | -20.37 |
| Cash Flow From Financing Activity ⓘ + | 55.97 | -3.73 |
| Net Cash Flow ⓘ | 29.94 | -28.21 |
| PARTICULARS | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.02 | 5.9 | ||||||||
| ROCE (%) | 5.67 | 7.88 | ||||||||
| Asset Turnover Ratio | 0.66 | 0.79 | ||||||||
| PAT to CFO Conversion(x) | -0.76 | -0.89 | ||||||||
| Working Capital Days | ||||||||||
| Receivable Days | 109.50 | 100.20 | ||||||||
| Inventory Days | 69.80 | 67.20 | ||||||||
| Payable Days | 65.10 | 53.80 | ||||||||
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Avro India Ltd FAQs
The current trading price of Avro India on 16-Oct-2026 16:59 is ₹5.69.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Oct-2026 the market cap of Avro India stood at ₹76.34 Cr
The latest P/E ratio of Avro India as of 15-Oct-2026 is 19.89.
The latest P/B ratio of Avro India as of 15-Oct-2026 is 0.93.
The 52-week high of Avro India is ₹15.94 and the 52-week low is ₹4.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avro India is ₹92.82 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Avro India Ltd is a below average quality company.
The key valuation ratios of Avro India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Avro India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Avro India Ltd
Avro India (formerly known as Avon Moldplast) is a Plastic Molded Furniture manufacturing unit based at Ghaziabad since 2002 with PAN INDIA presence Manufacturing in the Brand Name of AVRO & AVON and having one of the largest product range offering 3 years guarantee on selected products manufactured with imported machines and molds in highly automatic environment and following global quality standards. Its major advantage is highly cost effective price which is cheaper than national/known brands due to low overhead costs and volumes produced at Ghaziabad.
The company’s products are available offline and online through AMAZON, FLIPKART, MEESHO, JIOMART, INDIAMART and GeM and with many retailers across India supported by a Team of Distributors, sales and marketing professionals. The company’s products are widely accepted in Auditoriums, Schools, Colleges, Dhaba, Restaurants, Hotels, Homes, Gardens for both indoor and outdoor use with absolute reliability of All Weather Proof conditions & long lasting for decades thus making its products most versatile and reliable.
Its Brand AVRO stands out as a pioneer in the Indian furniture landscape, leveraging decades of expertise, a robust manufacturing base, and a strong commitment to quality and innovation to deliver value-added products that cater to the evolving needs of consumers across the country. The company is listed on NSE and BSE.
Business area of the company
The company is primarily engaged in the manufacturing and selling of plastic moulded furniture and granules. It has established brand names including ‘Avon Furniture’ and ‘Avro Furniture’ among others. The company's products are distributed through both online and offline channels, with a network of retailers across India and major distributors concentrated in the state of Uttar Pradesh.
Products
- Chairs
- Tables
- Stools
- Dinning Table
- Plastic Cabinet/Almirah
- Shoe Rack
Milestones
- 1996: Incorporated as Private Limited Company under the Companies Act, 1956 in the name of ‘Nira Investments Private Limited’.
- 2002: Company renamed to 'Avon Mold Plast Private Limited'
- 2003: Manufacturing Facility At Ghaziabad, UP
- 2018: Listed on NSE Emerge as public limited company
- 2019: Company name changed to AVRO India Limited Online Presence on various platforms like Amazon, Flipkart, etc.
- 2021: German Standard ISO TUV SUD, New Moulds, New Machinery
- 2022: Migrated to the Main Board of NSE & BSE Ltd, Entered into Circular economy, Set up of plastic waste recycling unit
- 2023: Increase in capacity of Plastic Furniture.
- 2024: Increase in capacity of Plastic Furniture.
- 2025: Increase in Installed Capacity of Recycling of Plastic Scrap from 500 MT per month to 1000 MT per month.
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