Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.25 | 1.42 | 1.07 | 1.06 | 0.89 | 1.13 | 1.63 | 0.58 | 0.19 | 0.33 | 0.08 | 0.00 |
| Expenses | 1.05 | 1.36 | 1.06 | 1.01 | 0.83 | 1.20 | 1.62 | 0.96 | 0.72 | 0.79 | 0.70 | 0.28 |
| Operating Profit | 0.20 | 0.06 | 0.01 | 0.05 | 0.06 | -0.07 | 0.01 | -0.38 | -0.53 | -0.46 | -0.62 | -0.28 |
| OPM % | 16.00% | 4.23% | 0.93% | 4.72% | 6.74% | -6.19% | 0.61% | -65.52% | -278.95% | -139.39% | -775.00% | |
| Other Income | 0.01 | 0.02 | 0.15 | 0.05 | 0.01 | 0.11 | 0.08 | 0.04 | 0.02 | 0.06 | 0.09 | 0.08 |
| Interest | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.00 |
| Profit before tax | 0.18 | 0.02 | 0.11 | 0.05 | 0.02 | -0.03 | 0.03 | -0.40 | -0.55 | -0.44 | -0.55 | -0.20 |
| Tax % | 27.78% | 0.00% | 18.18% | 20.00% | 0.00% | 0.00% | 33.33% | 0.00% | 0.00% | 0.00% | 3.64% | -10.00% |
| Net Profit | 0.14 | 0.01 | 0.10 | 0.04 | 0.01 | -0.03 | 0.02 | -0.40 | -0.55 | -0.44 | -0.57 | -0.18 |
| EPS in Rs | 0.42 | 0.03 | 0.30 | 0.12 | 0.03 | -0.09 | 0.06 | -1.21 | -1.66 | -1.33 | -1.72 | -0.54 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.78 | 2.07 | 3.60 | 3.43 | 4.10 | 2.38 | 3.34 | 3.61 | 4.85 | 4.70 | 1.17 | 0.60 |
| Expenses | 1.42 | 2.54 | 3.41 | 3.18 | 3.92 | 2.36 | 3.12 | 3.31 | 4.59 | 4.66 | 2.65 | 2.49 |
| Operating Profit | 0.36 | -0.47 | 0.19 | 0.25 | 0.18 | 0.02 | 0.22 | 0.30 | 0.26 | 0.04 | -1.48 | -1.89 |
| OPM % | 20.22% | -22.71% | 5.28% | 7.29% | 4.39% | 0.84% | 6.59% | 8.31% | 5.36% | 0.85% | -126.50% | -315.00% |
| Other Income | 0.09 | 0.13 | 0.00 | -0.04 | 0.06 | 0.15 | 0.03 | 0.08 | 0.21 | 0.24 | -0.30 | 0.25 |
| Interest | 0.02 | 0.01 | 0.01 | 0.03 | 0.03 | 0.05 | 0.05 | 0.04 | 0.01 | 0.05 | 0.05 | 0.04 |
| Depreciation | 0.03 | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.04 | 0.06 | 0.14 | 0.15 | 0.09 | 0.06 |
| Profit before tax | 0.40 | -0.40 | 0.12 | 0.13 | 0.15 | 0.07 | 0.16 | 0.28 | 0.32 | 0.08 | -1.92 | -1.74 |
| Tax % | 32.50% | 0.00% | 8.33% | 15.38% | 13.33% | 14.29% | 25.00% | 25.00% | 21.88% | 25.00% | 1.04% | |
| Net Profit | 0.27 | -0.40 | 0.11 | 0.10 | 0.12 | 0.06 | 0.12 | 0.21 | 0.26 | 0.05 | -1.94 | -1.74 |
| EPS in Rs | 2.59 | -3.83 | 1.05 | 0.96 | 1.15 | 0.57 | 0.46 | 0.81 | 0.79 | 0.15 | -5.87 | -5.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -4% | -13% | -31% | -86% | ||
| Compounded Profit Growth | % | % | % | -335% | ||
| Stock Price CAGR | 13% | 8% | 20% | 83% | ||
| Return on Equity | -2% | -3% | -6% | -23% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 2.58 | 2.58 | 3.31 | 3.31 | 3.31 |
| Reserves | 0.28 | 0.55 | 0.15 | 0.26 | 0.36 | 0.48 | 0.54 | 1.76 | 1.96 | 3.74 | 3.79 | 1.85 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 0.20 | 0.52 | 0.02 | 0.01 | 0.26 | 0.82 | 0.01 |
| Other Liabilities | 0.69 | 0.27 | 0.34 | 0.66 | 0.70 | 0.65 | 0.57 | 0.43 | 0.17 | 0.80 | 0.08 | 0.06 |
| Total Liabilities | 2.01 | 1.86 | 1.53 | 1.96 | 2.43 | 2.37 | 2.67 | 4.79 | 4.72 | 8.11 | 8.00 | 5.23 |
| Fixed Assets | 0.08 | 0.17 | 0.42 | 0.37 | 0.33 | 0.31 | 0.37 | 0.45 | 0.58 | 1.44 | 1.36 | 0.15 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 1.93 | 1.69 | 1.11 | 1.59 | 2.10 | 2.06 | 2.30 | 4.34 | 4.14 | 6.67 | 6.64 | 5.08 |
| Total Assets | 2.01 | 1.86 | 1.53 | 1.96 | 2.43 | 2.37 | 2.67 | 4.79 | 4.72 | 8.11 | 8.00 | 5.23 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.07 | 0.32 | -0.04 | 0.05 | -0.28 | 0.31 | -0.15 | 0.10 | -0.62 | 0.31 | -0.77 | -3.11 |
| Cash from Investing Activity | 0.00 | -0.25 | -0.31 | 0.00 | -0.05 | -0.11 | -0.13 | -0.09 | -1.51 | -0.90 | 0.14 | 0.82 |
| Cash from Financing Activity | -0.08 | 0.00 | 0.00 | 0.00 | 0.31 | -0.15 | 0.26 | 2.09 | -0.06 | 2.48 | 0.50 | -0.86 |
| Net Cash Flow | -0.02 | 0.06 | -0.34 | 0.04 | -0.02 | 0.05 | -0.01 | 2.10 | -2.18 | 1.90 | -0.14 | -3.16 |
| Free Cash Flow | 0.07 | 0.20 | -0.35 | 0.05 | -0.34 | 0.26 | -0.28 | -0.02 | -0.82 | -0.69 | -0.87 | -2.50 |
| CFO/OP | 65% | 89% | 9% | 26% | -112% | 172% | -700% | 27% | -173% | 146% | -1,925% | 209% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14.27 | 26.66 | 44.08 | 26.36 | 69.17 | 38.28 | 69.01 | 44.81 | 42.47 | 60.21 | 76.88 | 62.39 |
| Inventory Days | 121.67 | 100.86 | 140.20 | 127.75 | 202.38 | 144.70 | 351.40 | 276.41 | 282.96 | 251.80 | 241.37 | 284.15 |
| Days Payable | 97.33 | 57.63 | 58.01 | 66.92 | 66.86 | 37.80 | 40.81 | 26.58 | 13.39 | 71.61 | 5.89 | 9.24 |
| Cash Conversion Cycle | 38.61 | 69.88 | 126.27 | 87.19 | 204.69 | 145.17 | 379.60 | 294.64 | 312.03 | 240.40 | 312.37 | 337.30 |
| Working Capital Days | 173.32 | 155.84 | 96.98 | 53.74 | 122.38 | 74.78 | 156.43 | 177.04 | 250.75 | 165.57 | 191.82 | 1,553.59 |
| ROCE % | 47.79% | 28.87% | -28.06% | 10.44% | 13.86% | 10.43% | 7.33% | 6.50% | 7.18% | 5.56% | 1.97% | -20.63% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 23.91% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 23.68% | 62.83% |
| Public | 76.07% | 76.31% | 76.32% | 76.33% | 76.32% | 76.32% | 76.32% | 76.32% | 76.33% | 76.31% | 76.31% | 37.16% |
| No. of Shareholders | 13,996 | 14,007 | 14,045 | 14,032 | 14,075 | 14,089 | 14,108 | 14,089 | 14,005 | 13,928 | 13,861 | 13,821 |
Fundamentals
Market Cap₹ 18.2 Cr.
Current Price₹ 55.0
Book Value₹ 15.6
ROCE-20.6 %
ROE-23.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-86%
Compounded Profit Growth (TTM)-335%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 18 Cr
Price to book3.53x
Price to sales15.55x
EV / sales15.53x
Earnings yield-9.56%
P/E, 3-year average87.24x
P/B, 3-year average1.69x
P/E, 5-year average71.87x
P/B, 5-year average1.71x
Profitability
Operating margin (excl. other income)-126.50%
Operating margin (incl. other income)-152.14%
EBITDA margin-136.75%
Pre-tax margin-148.72%
Net profit margin-148.72%
ROE-31.65%
ROCE-28.57%
ROA-29.33%
ROE, 3-year average-8.82%
ROCE, 3-year average-7.10%
ROA, 3-year average-8.22%
ROE, 5-year average-3.53%
ROCE, 5-year average-1.52%
ROA, 5-year average-3.40%
ROIC (approx.)-33.22%
Tax rate-1.04%
Other income / net worth-5.81%
Growth
Sales growth (latest year)-75.11%
Profit growth (latest year)-3980.00%
Sales CAGR, 3 years-31.31%
Sales CAGR, 5 years-13.24%
Per share
EPS (TTM)Rs -5.26
EPS (latest year)Rs -5.87
EPS (latest quarter)Rs -0.54
EPS, 3-year averageRs -1.64
EPS, 5-year averageRs -0.73
Book value per shareRs 15.60
Sales per shareRs 3.54
Cash flow per shareRs -9.40
Free cash flow per shareRs -7.56
Efficiency
Asset turnover0.22x
Fixed asset turnover7.80x
Inventory turnover1.35x
Inventory days270 days
Debtor days62 days
Debtors turnover5.85x
Creditor days9 days
Cash conversion cycle337 days
Working capital days1554 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Debt to equity0.00x
Interest coverage-33.80x
Owners' fund to total sources98.66%
Debt to assets0.19%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -2 Cr
PBDT (TTM)Rs -2 Cr
Profit before tax (TTM)Rs -2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs -2 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 3 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 5 Cr
Total assetsRs 5 Cr
Net blockRs 0 Cr
ReceivablesRs 0 Cr
InventoryRs 1 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.33
Ownership
Promoter holding62.83% (+39.15 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 3.53 is at the 63th percentile (median 2.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 523896 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +5.0% | -2.8% | +7.8 pts |
| 1 month | +21.5% | -6.8% | +28.3 pts |
| 3 years | +70.7% | +14.2% | +56.5 pts |
| 5 years | +37.9% | +27.9% | +10.0 pts |
Red flags
F-score 2 of 8| explain | High accruals Profit exceeded operating cash by 22% of total assets in 2026 |
| explain | Share dilution Share count up 0% in a year, 27% in three |
| look | Inventory outrunning sales Inventory grew -40% vs sales -75% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹0 Cr -100.0% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of AVI Products India Ltd?
AVI Products India Ltd (523896) has a market capitalisation of Rs 18.2 Cr. at the 2026-09-28 close.
What were AVI Products India Ltd's latest quarterly results?
In the Jun 2026 quarter, AVI Products India Ltd sales was Rs 0 Cr (-100.0% vs Jun 2025) with a net loss of Rs 0 Cr.