Price
Financials
Standalone, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 15.01 | 19.35 | 20.20 | 21.33 |
| Expenses | 13.56 | 18.14 | 18.17 | 18.58 |
| Operating Profit | 1.45 | 1.21 | 2.03 | 2.75 |
| OPM % | 9.66% | 6.25% | 10.05% | 12.89% |
| Other Income | 0.00 | 0.10 | 0.00 | 0.00 |
| Interest | 0.05 | 0.11 | 0.09 | 0.19 |
| Depreciation | 0.14 | 0.18 | 0.28 | 0.11 |
| Profit before tax | 1.26 | 1.02 | 1.66 | 2.45 |
| Tax % | 27.78% | 28.43% | 27.71% | 27.76% |
| Net Profit | 0.91 | 0.73 | 1.20 | 1.77 |
| EPS in Rs | 1.47 | 0.87 | 1.43 | 2.13 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.29 | 14.70 | 22.06 | 34.36 | 41.53 |
| Expenses | 0.00 | 0.00 | 0.01 | 0.28 | 13.71 | 19.96 | 31.70 | 36.75 |
| Operating Profit | 0.00 | 0.00 | -0.01 | 0.01 | 0.99 | 2.10 | 2.66 | 4.78 |
| OPM % | 3.45% | 6.73% | 9.52% | 7.74% | 11.51% | |||
| Other Income | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.07 | 0.16 | 0.28 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.09 | 0.32 | 0.39 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.01 | 0.94 | 1.94 | 2.28 | 4.11 |
| Tax % | 0.00% | 26.60% | 28.87% | 28.51% | 27.74% | |||
| Net Profit | 0.00 | 0.00 | 0.00 | 0.01 | 0.69 | 1.38 | 1.63 | 2.97 |
| EPS in Rs | 0.00 | 0.00 | 0.00 | 0.12 | 1.11 | 2.23 | 1.94 | 3.58 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 41% | 21% | ||
| Compounded Profit Growth | % | % | 63% | 82% | ||
| Stock Price CAGR | % | % | % | 117% | ||
| Return on Equity | % | 41% | 39% | 37% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.77 | 0.77 | 1.04 | 1.04 |
| Reserves | -0.01 | -0.01 | 0.00 | 0.01 | 1.00 | 2.38 | 5.57 | 8.54 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.72 | 0.66 | 4.11 |
| Other Liabilities | 0.02 | 0.01 | 0.00 | 0.26 | 1.69 | 0.97 | 2.02 | 0.83 |
| Total Liabilities | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 | 14.52 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.03 | 0.18 | 0.95 | 1.83 | 1.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.01 | 0.00 | 0.01 | 0.55 | 3.28 | 3.89 | 7.46 | 12.79 |
| Total Assets | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 | 14.52 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.00 | 0.00 | -0.14 | -0.36 | 0.10 | -0.52 | -2.50 | |
| Cash from Investing Activity | 0.00 | 0.00 | -0.03 | -0.18 | -0.87 | -1.20 | -0.29 | |
| Cash from Financing Activity | 0.00 | 0.00 | 0.30 | 0.73 | 0.69 | 1.63 | 3.19 | |
| Net Cash Flow | 0.00 | 0.00 | 0.13 | 0.20 | -0.08 | -0.09 | 0.40 | |
| Free Cash Flow | 0.00 | 0.00 | -0.17 | -0.54 | -0.77 | -1.72 | -2.79 | |
| CFO/OP | 0% | -1,400% | -11% | 17% | 10% | -34% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 327.24 | 52.39 | 50.63 | 71.70 | 47.02 | |||
| Inventory Days | 0.00 | 17.34 | 8.46 | 4.43 | 30.38 | |||
| Days Payable | 40.56 | 7.33 | 17.01 | 0.00 | ||||
| Cash Conversion Cycle | 327.24 | 29.18 | 51.76 | 59.13 | 77.40 | |||
| Working Capital Days | -314.66 | 28.06 | 31.77 | 48.65 | 63.37 | |||
| ROCE % | 0.00% | 6.06% | 91.87% | 71.28% | 43.81% | 41.89% |
| Mar 2025 | Sep 2025 | Mar 2026 | Apr 2026 | |
|---|---|---|---|---|
| Promoters | 41.97% | 41.97% | 51.98% | 51.98% |
| Public | 58.01% | 58.03% | 48.02% | 48.02% |
| No. of Shareholders | 51 | 58 | 83 | 84 |
Fundamentals
Market Cap₹ 27.2 Cr.
Current Price₹ 32.7
Stock P/E9.15
Book Value₹ 11.5
ROCE41.9 %
ROE36.7 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)82%
Standalone figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 30 Cr
P/E (TTM)21.62x
Price to book9.47x
Price to sales1.35x
EV / EBITDA14.43x
EV / EBIT15.07x
EV / sales1.37x
Price to cash flow298.40x
Earnings yield4.62%
Profitability
Operating margin (excl. other income)9.52%
Operating margin (incl. other income)9.52%
EBITDA margin9.52%
Pre-tax margin8.79%
Net profit margin6.26%
ROE56.10%
ROCE71.28%
ROA33.25%
ROE, 3-year average61.06%
ROCE, 3-year average55.42%
ROA, 3-year average23.60%
ROIC (approx.)39.61%
Tax rate28.87%
Growth
Sales growth (latest year)50.07%
Profit growth (latest year)100.00%
Per share
EPS (TTM)Rs 1.66
EPS (latest year)Rs 18.04
EPS, 3-year averageRs 9.33
Book value per shareRs 3.79
Sales per shareRs 26.54
Cash flow per shareRs 0.12
Free cash flow per shareRs -3.36
Efficiency
Asset turnover4.56x
Fixed asset turnover23.22x
Inventory turnover43.13x
Inventory days8 days
Debtor days51 days
Debtors turnover7.21x
Creditor days0 days
Cash conversion cycle77 days
Working capital days63 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.23x
Net debt / EBITDA0.22x
Interest coverage28.71x
Owners' fund to total sources65.08%
Debt to assets14.88%
Cash flow
Cash from Operating Activity (latest year)Rs 0 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 -0 Cr
Free cash flow (latest year)Rs -3 Cr
Cash from ops / profit, 5 years-0.51x
Sales to cash flow220.60x
Statement figures
Net sales (TTM)Rs 22 Cr
Net sales (latest year)Rs 22 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 20 Cr
Total income (latest year)Rs 22 Cr
Share capitalRs 1 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 5 Cr
Net blockRs 1 Cr
ReceivablesRs 3 Cr
InventoryRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.83
Ownership
Promoter holding51.98%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544337 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.1% | -2.8% | +8.8 pts |
| 1 month | -27.3% | -6.8% | -20.5 pts |
| 3 months | -33.5% | -7.6% | -25.9 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -19% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 26% of total assets 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
No quarterly results published.
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 Avax Apparels and Ornaments Ltd?
Avax Apparels and Ornaments Ltd (544337) has a market capitalisation of Rs 27.2 Cr. at the 2026-09-30 close.
What is the P/E ratio of Avax Apparels and Ornaments Ltd?
Avax Apparels and Ornaments Ltd trades at a P/E of 9.15 on trailing twelve-month profit, at the 2026-09-30 close.