Aviva Industries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Aviva Industries Ltd?

Aviva Industries Ltd is trading at 59.40 as of 14 April 2026, with a FY2026-2027 high of 65.6 and low of 34.5. The stock is currently near its 52-week high. Market cap stands at 123 Cr..

Q: Is Aviva Industries Ltd financially healthy?

Key indicators: ROCE of 2.35 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Aviva Industries Ltd profitable and how is the profit trend?

Aviva Industries Ltd reported a net profit of 0 Cr in Mar 2025 on revenue of 0 Cr. Compared to 0 Cr in Mar 2022, the net profit shows a mixed trend.

Fair Value

₹65.51Undervalued by 10.29%vs CMP ₹59.40

P/E (133.0) × ROE (2.9%) × BV (₹20.60) × DY (2.00%)

₹47.21Overvalued by 20.52%vs CMP ₹59.40

MoS: -25.8% (Negative)Confidence: 43/100 (Low)Models: 1 Under, 2 Fair, 4 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹97.24	30%	Under (+63.7%)
Graham Number	Earnings	₹53.65	18%	Fair (-9.7%)
DCF	Cash Flow	₹10.57	15%	Over (-82.2%)
Net Asset Value	Assets	₹1.49	10%	Over (-97.5%)
Earnings Yield	Earnings	₹62.10	10%	Fair (+4.5%)
ROCE Capital	Returns	₹0.02	10%	Over (-100%)
Revenue Multiple	Revenue	₹0.02	7%	Over (-100%)
Consensus (7 models)		₹47.21	100%	Overvalued

Key Drivers: EPS CAGR 48.5% lifts DCF — verify sustainability. | P/E of 133 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 48.5%

*Investments are subject to market risks

Investment Snapshot

Aviva Industries Ltd scores 49/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health43/100 · Moderate

ROCE 2.4% WeakROE 2.9% WeakD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent

Smart Money50/100 · Moderate

Promoter holding at 65.3% Stable

Earnings Quality50/100 · Moderate

OPM contracting (-2% → -153%) DecliningWorking capital: -1,460 days (improving) Efficient

Quarterly Momentum80/100 · Strong

Revenue (4Q): +20,938% YoY AcceleratingOPM: 8.9% (up 8.9% YoY) Margin expansion

Industry Rank20/100 · Weak

P/E 133.0 vs industry 102.1 In-lineROCE 2.4% vs industry 15.2% Below peersROE 2.9% vs industry 8.8% Below peers3Y sales CAGR: -56% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 20, 2026, 4:40 am

Market Cap	123 Cr.
Current Price	59.4
Intrinsic Value	₹47.21
High / Low	65.6/34.5
Stock P/E	133
Book Value	20.6
Dividend Yield	0.00 %
ROCE	2.35 %
ROE	2.93 %
Face Value	10.0
PEG Ratio	2.74

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Aviva Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Aviva Industries Ltd	123 Cr.	59.4	65.6/34.5	133	20.6	0.00 %	2.35 %	2.93 %	10.0
Ace Men Engg Works Ltd	121 Cr.	94.0	107/53.4		3.00	0.00 %	0.52 %	0.52 %	10.0
Arunjyoti Bio Ventures Ltd	129 Cr.	6.91	12.7/5.05		1.82	0.00 %	4.03 %	10.7 %	1.00
Ausom Enterprise	135 Cr.	99.0	178/73.0	4.54	116	1.01 %	16.3 %	14.6 %	10.0
Chandrima Mercantiles Ltd	164 Cr.	4.93	14.5/2.66	40.4	2.95	0.00 %	0.90 %	0.98 %	1.00
Industry Average	10,858.54 Cr	140.30		102.09	119.05	0.48%	15.22%	8.81%	7.62

All Competitor Stocks of Aviva Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.32	0.09	0.30	0.20	-0.00	0.08	-0.00	-0.00	-0.00	0.03	-0.00	3.02	13.78
Expenses	0.31	0.12	0.29	0.20	0.02	0.10	-0.00	0.04	0.05	0.05	0.11	2.85	12.55
Operating Profit	0.01	-0.03	0.01	-0.00	-0.02	-0.02	-0.00	-0.04	-0.05	-0.02	-0.11	0.17	1.23
OPM %	3.12%	-33.33%	3.33%	-0.00%		-25.00%				-66.67%		5.63%	8.93%
Other Income	-0.00	0.02	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Interest	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Depreciation	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Profit before tax	0.01	-0.01	0.01	-0.00	-0.02	-0.02	-0.00	-0.04	-0.05	-0.02	-0.11	0.17	1.23
Tax %	-0.00%	-100.00%	-0.00%		-0.00%	-0.00%		-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	27.64%
Net Profit	0.01	-0.00	0.01	-0.00	-0.02	-0.02	-0.00	-0.04	-0.05	-0.02	-0.11	0.17	0.89
EPS in Rs	0.07	-0.00	0.07	-0.00	-0.13	-0.13	-0.00	-0.27	-0.33	-0.13	-0.73	1.13	5.94

Last Updated: February 3, 2026, 12:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:35 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.00	0.00	0.00	1.36	0.00	0.00	0.10	0.35	0.69	0.58	0.03	16.83
Expenses	0.00	0.04	0.04	0.08	1.37	0.09	0.11	0.10	0.36	0.70	0.61	0.12	15.56
Operating Profit	0.00	-0.04	-0.04	-0.08	-0.01	-0.09	-0.11	0.00	-0.01	-0.01	-0.03	-0.09	1.27
OPM %					-0.74%			0.00%	-2.86%	-1.45%	-5.17%	-300.00%	7.55%
Other Income	0.00	0.01	0.00	0.09	0.03	0.17	0.12	0.00	0.02	0.02	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.00	-0.03	-0.04	0.01	0.02	0.08	0.00	0.00	0.01	0.01	-0.03	-0.09	1.27
Tax %		0.00%	0.00%	0.00%	0.00%	0.00%			0.00%	0.00%	0.00%	0.00%
Net Profit	0.00	-0.03	-0.04	0.01	0.02	0.08	0.00	0.00	0.00	0.01	-0.03	-0.09	0.93
EPS in Rs	0.00	-0.20	-0.27	0.07	0.13	0.53	0.00	0.00	0.00	0.07	-0.20	-0.60	6.21
Dividend Payout %		0.00%	0.00%	0.00%	0.00%	0.00%				0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2023-2024	2024-2025
YoY Net Profit Growth (%)	-33.33%	125.00%	100.00%	300.00%	-100.00%	-400.00%	-200.00%
Change in YoY Net Profit Growth (%)	0.00%	158.33%	-25.00%	200.00%	-400.00%	-300.00%	200.00%

Aviva Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	-56%
TTM:	-89%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-425%

Stock Price CAGR
10 Years:	7%
5 Years:	32%
3 Years:	26%
1 Year:	96%

Return on Equity
10 Years:	0%
5 Years:	-1%
3 Years:	-1%
Last Year:	-3%

Last Updated: September 5, 2025, 2:31 pm

Balance Sheet

Last Updated: March 3, 2026, 12:34 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50
Reserves	2.89	2.86	2.83	2.83	2.86	2.94	2.94	2.94	1.65	1.61	1.61	1.53	1.58
Borrowings	0.26	0.26	0.17	0.19	0.09	0.19	0.19	0.19	0.79	0.76	0.76	0.76	0.93
Other Liabilities	1.27	1.27	1.26	1.29	0.18	0.15	0.13	0.20	0.22	0.21	0.34	0.34	2.67
Total Liabilities	5.92	5.89	5.76	5.81	4.63	4.78	4.76	4.83	4.16	4.08	4.21	4.13	6.68
Fixed Assets	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	-0.00	-0.00	-0.00	-0.00	-0.00
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	-0.00
Investments	0.47	0.47	0.47	0.84	0.84	0.84	0.84	0.84	1.69	1.63	1.67	1.67	1.67
Other Assets	4.10	4.07	3.94	3.62	2.44	2.59	2.57	2.64	2.47	2.45	2.54	2.46	5.01
Total Assets	5.92	5.89	5.76	5.81	4.63	4.78	4.76	4.83	4.16	4.08	4.21	4.13	6.68

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	0.00	-0.02	0.00	-0.07	-0.80	-0.17	0.97	0.02	-0.74	0.01	-0.01	0.00
Cash from Investing Activity +	0.00	0.00	0.00	-0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activity +	0.00	0.00	0.00	0.42	0.84	0.15	-0.97	0.00	0.72	-0.04	0.00	0.00
Net Cash Flow	0.00	-0.02	0.00	-0.01	0.03	-0.01	0.00	0.02	-0.02	-0.03	-0.01	0.00
Free Cash Flow	0.00	-0.02	0.00	-0.07	-0.80	-0.17	0.97	0.02	-0.74	0.01	-0.01	0.00
CFO/OP		50%	0%	88%	8,000%	189%	-882%		7,400%	-100%	33%	0%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-0.26	-0.30	-0.21	-0.27	-0.10	-0.28	-0.30	-0.19	-0.80	-0.77	-0.79	-0.85

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days					42.94			547.50	41.71	42.32	113.28	2,433.33
Inventory Days					0.00				0.00	0.00	0.00	0.00
Days Payable
Cash Conversion Cycle					42.94			547.50	41.71	42.32	113.28	2,433.33
Working Capital Days					228.12			-36.50	-93.86	-63.48	-94.40	-1,460.00
ROCE %	0.00%	-0.65%	-0.88%	0.22%	0.45%	1.76%	0.22%	0.00%	0.23%	0.26%	-0.78%	-2.35%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%	65.30%
Public	34.69%	34.69%	34.69%	34.69%	34.70%	34.70%	34.70%	34.70%	34.70%	34.70%	34.69%	34.69%
No. of Shareholders	662	663	665	670	676	676	677	677	659	657	645	634

Shareholding Pattern Chart

No. of Shareholders

Aviva Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-0.58	-0.23	0.04	0.38	0.02
Diluted EPS (Rs.)	-0.58	-0.23	0.04	0.38	0.02
Cash EPS (Rs.)	-0.57	-0.23	0.03	0.02	0.02
Book Value[Excl.RevalReserv]/Share (Rs.)	20.19	20.77	20.74	21.01	29.64
Book Value[Incl.RevalReserv]/Share (Rs.)	20.19	20.77	20.74	21.01	29.64
Revenue From Operations / Share (Rs.)	0.21	3.84	4.61	2.30	0.63
PBDIT / Share (Rs.)	-0.57	-0.23	0.06	0.05	0.04
PBIT / Share (Rs.)	-0.57	-0.23	0.06	0.05	0.04
PBT / Share (Rs.)	-0.57	-0.23	0.03	0.04	0.02
Net Profit / Share (Rs.)	-0.57	-0.23	0.03	0.02	0.02
PBDIT Margin (%)	-270.31	-5.99	1.50	2.52	7.18
PBIT Margin (%)	-270.31	-5.99	1.50	2.52	7.18
PBT Margin (%)	-270.31	-5.99	0.85	1.91	3.39
Net Profit Margin (%)	-270.31	-5.99	0.80	1.13	3.39
Return on Networth / Equity (%)	-2.85	-1.10	0.18	0.12	0.07
Return on Capital Employeed (%)	-2.28	-0.89	0.26	0.22	0.14
Return On Assets (%)	-2.09	-0.81	0.13	0.09	0.06
Long Term Debt / Equity (X)	0.25	0.24	0.24	0.25	0.04
Total Debt / Equity (X)	0.25	0.24	0.24	0.25	0.04
Asset Turnover Ratio (%)	0.01	0.13	0.16	0.07	0.01
Current Ratio (X)	0.66	0.59	0.51	0.60	1.65
Quick Ratio (X)	0.66	0.59	0.51	0.59	1.65
Interest Coverage Ratio (X)	0.00	0.00	0.00	4.14	1.89
Interest Coverage Ratio (Post Tax) (X)	0.00	0.00	0.00	2.86	1.89
Enterprise Value (Cr.)	5.82	4.49	5.41	4.13	1.77
EV / Net Operating Revenue (X)	181.73	7.81	7.82	11.96	18.62
EV / EBITDA (X)	-67.23	-130.27	520.17	474.41	258.94
MarketCap / Net Operating Revenue (X)	158.43	6.51	6.75	9.80	17.36
Price / BV (X)	1.67	1.20	1.50	1.07	0.37
Price / Net Operating Revenue (X)	158.78	6.51	6.75	9.80	17.38
EarningsYield	-0.01	-0.01	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aviva Industries Ltd. is a Public Limited Listed company incorporated on 05/10/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51100MH1984PLC034190 and registration number is 034190. Currently Company is involved in the business activities of Manufacture of glass in primary or semi-manufactured forms (such as sheets & plate glass) including mirror sheets and wired, coloured, tinted, toughened or laminated glass. Company's Total Operating Revenue is Rs. 0.03 Cr. and Equity Capital is Rs. 1.50 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Trading & Distributors	4th Floor, Jaya Talkies, Mumbai Maharashtra 400092	Contact not found

Management
Name	Position Held
Mr. Bharvinbhai S Patel	Chairman & Managing Director
Mr. Sanjay Ashokbhai Patel	Director & CFO
Mr. Nikhil Patel	Non Executive Director
Ms. Reeya Kothari	Non Exe. & Ind. Director
Mr. Vishalkumar Patel	Non Exe. & Ind. Director

FAQ

What is the intrinsic value of Aviva Industries Ltd and is it undervalued?

As of 14 April 2026, Aviva Industries Ltd's intrinsic value is ₹47.21, which is 20.52% lower than the current market price of ₹59.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.93 %), book value (₹20.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aviva Industries Ltd?

Aviva Industries Ltd is trading at ₹59.40 as of 14 April 2026, with a FY2026-2027 high of ₹65.6 and low of ₹34.5. The stock is currently near its 52-week high. Market cap stands at ₹123 Cr..

How does Aviva Industries Ltd's P/E ratio compare to its industry?

Aviva Industries Ltd has a P/E ratio of 133, which is above the industry average of 102.09. The premium over industry average may reflect growth expectations or speculative interest.

Is Aviva Industries Ltd financially healthy?

Key indicators for Aviva Industries Ltd: ROCE of 2.35 % is on the lower side compared to the industry average of 15.22%; ROE of 2.93 % is below ideal levels (industry average: 8.81%). Dividend yield is 0.00 %.

Is Aviva Industries Ltd profitable and how is the profit trend?

Aviva Industries Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹0 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Aviva Industries Ltd pay dividends?

Aviva Industries Ltd has a dividend yield of 0.00 % at the current price of ₹59.40. The company is currently not paying meaningful dividends.