Fundamental Analysis of Avro India Ltd

About the Company - Avro India Ltd

Avro India Ltd. is a Public Limited Listed company incorporated on 01/07/1996 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L25200UP1996PLC101013 and registration number is 101013. Currently Company is involved in the business activities of Manufacture of furniture primarily of plastic. Company’s Total Operating Revenue is Rs. 64.74 Cr. and Equity Capital is Rs. 10.09 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Plastics - Plastic & Plastic Products	A-7/36-39, South of G.T Road Industrial Area, Ghaziabad Uttar Pradesh 201009	info@avrofurniture.com http://www.avrofurniture.com

Management
Name	Position Held
Mr. Sushil Kumar Aggarwal	Chairman & Wholetime Director
Mr. Sahil Aggarwal	Managing Director
Ms. Anita Aggarwal	Non Executive Director
Ms. Vandana Gupta	Independent Director
Mrs. Richa Kalra	Independent Director
Mr. Sushil Kumar Goyal	Independent Director
Mr. Nikhil Aggarwal	Whole Time Director

Basic Stock Data of Avro India Ltd

Last Updated: July 26, 2024, 10:58 pm

Market Cap	116 Cr.
Current Price	115
High / Low	171/93.7
Stock P/E	28.7
Book Value	28.6
Dividend Yield	0.00 %
ROCE	17.4 %
ROE	15.0 %
Face Value	10.0
PEG Ratio	0.99

Data Source: screener.in

Competitors of Avro India Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Deep Polymers Ltd	196 Cr.	81.1	120/68.0	27.5	34.1	0.00 %	9.49 %	9.70 %	10.0
DDev Plastiks Industries Ltd	4,511 Cr.	436	458/160	24.8	63.8	0.34 %	41.9 %	31.5 %	1.00
Bright Brothers Ltd	91.2 Cr.	161	200/134		119	0.62 %	1.87 %	6.80 %	10.0
Axel Polymers Ltd	53.4 Cr.	62.7	76.0/44.3	34.2	17.6	0.00 %	12.9 %	10.9 %	10.0
TPL Plastech Ltd	777 Cr.	99.8	108/38.6	39.1	16.7	0.60 %	19.3 %	16.2 %	2.00
Industry Average	8,425.18 Cr	796.36		47.59	159.53	0.33%	31.07%	72.41%	6.13

Avro India Ltd Quarterly Results

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	14.19	12.11	14.60	19.69	18.30	20.25	21.48	21.19	17.11	22.71	18.97	29.18
Expenses	13.53	12.05	13.46	18.39	15.66	18.15	19.48	19.53	16.59	21.04	17.42	27.36
Operating Profit	0.66	0.06	1.14	1.30	2.64	2.10	2.00	1.66	0.52	1.67	1.55	1.82
OPM %	4.65%	0.50%	7.81%	6.60%	14.43%	10.37%	9.31%	7.83%	3.04%	7.35%	8.17%	6.24%
Other Income	0.05	0.03	0.07	0.03	0.34	0.07	0.09	0.63	1.54	0.63	0.81	0.85
Interest	0.08	0.09	0.11	0.07	0.13	0.19	0.23	0.28	0.26	0.30	0.35	0.37
Depreciation	0.40	0.29	0.29	0.29	0.41	0.40	0.40	0.45	0.56	0.53	0.64	0.75
Profit before tax	0.23	-0.29	0.81	0.97	2.44	1.58	1.46	1.56	1.24	1.47	1.37	1.55
Tax %	43.48%	-24.14%	3.70%	48.45%	24.59%	34.18%	27.40%	23.72%	29.84%	31.29%	25.55%	27.10%
Net Profit	0.12	-0.36	0.78	0.50	1.84	1.04	1.05	1.19	0.87	1.01	1.02	1.12
EPS in Rs	0.12	-0.36	0.77	0.50	1.82	1.03	1.04	1.18	0.86	1.00	1.01	1.11

Last Updated: July 11, 2024, 9:28 am

Avro India Ltd Quarterly Chart

Avro India Ltd Profit & Loss

Last Updated: July 10, 2024, 3:19 pm

Month	Mar 2011	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	8.16	8.23	6.12	8.03	9.93	13.79	26.73	48.69	43.94	52.95	64.44	79.71	79.98
Expenses	8.20	8.34	5.64	7.11	8.71	12.35	24.14	45.81	41.19	49.15	59.27	73.43	74.58
Operating Profit	-0.04	-0.11	0.48	0.92	1.22	1.44	2.59	2.88	2.75	3.80	5.17	6.28	5.40
OPM %	-0.49%	-1.34%	7.84%	11.46%	12.29%	10.44%	9.69%	5.91%	6.26%	7.18%	8.02%	7.88%	6.75%
Other Income	0.17	0.38	0.06	0.01	0.06	0.06	0.08	-0.01	0.41	0.30	0.46	2.33	3.61
Interest	0.17	0.22	0.22	0.37	0.44	0.39	0.30	0.22	0.30	0.26	0.42	0.96	1.19
Depreciation	0.00	0.00	0.28	0.51	0.74	0.96	1.19	1.29	1.45	1.44	1.28	1.82	2.18
Profit before tax	-0.04	0.05	0.04	0.05	0.10	0.15	1.18	1.36	1.41	2.40	3.93	5.83	5.64
Tax %	0.00%	0.00%	0.00%	40.00%	40.00%	13.33%	27.97%	37.50%	18.44%	27.50%	24.17%	28.64%
Net Profit	-0.04	0.05	0.05	0.04	0.06	0.14	0.85	0.85	1.14	1.75	2.98	4.15	4.09
EPS in Rs	-0.80	1.00	1.00	0.80	1.20	2.80	1.16	0.84	1.13	1.73	2.95	4.11	4.05
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Avro India Ltd Profit & Loss Yearly Chart

Avro India Ltd Growth

Compounded Sales Growth
10 Years:	31%
5 Years:	14%
3 Years:	21%
TTM:	17%

Compounded Profit Growth
10 Years:	59%
5 Years:	31%
3 Years:	33%
TTM:	0%

Stock Price CAGR
10 Years:	%
5 Years:	63%
3 Years:	68%
1 Year:	-3%

Return on Equity
10 Years:	13%
5 Years:	14%
3 Years:	16%
Last Year:	15%

Last Updated: July 25, 2024, 9:05 am

Avro India Ltd Balance Sheet

Last Updated: July 18, 2024, 1:15 pm

Month	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.58	1.58	1.58	1.58	1.58	2.37	3.25	3.25	3.25	10.09	10.09	10.09
Reserves	0.79	0.92	0.96	1.02	1.11	4.41	8.89	10.02	14.44	10.60	14.75	18.78
Borrowings	1.80	1.65	3.68	3.90	3.92	3.33	3.42	2.60	4.15	7.68	11.58	15.62
Other Liabilities	0.29	0.65	0.55	1.54	3.54	5.60	4.50	3.79	3.05	8.94	4.57	9.96
Total Liabilities	4.46	4.80	6.77	8.04	10.15	15.71	20.06	19.66	24.89	37.31	40.99	54.45
Fixed Assets	1.70	1.76	3.05	3.56	3.92	7.61	8.35	8.15	10.45	12.15	14.62	20.32
CWIP	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.44	0.77
Investments	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.14	0.37	0.78	0.36	1.05	0.97
Other Assets	2.76	3.04	3.72	4.48	6.23	8.10	11.57	11.14	13.66	24.80	24.88	32.39
Total Assets	4.46	4.80	6.77	8.04	10.15	15.71	20.06	19.66	24.89	37.31	40.99	54.45

Avro India Ltd Reserves and Borrowings Chart

Avro India Ltd Cash Flow

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	0.00	0.16	1.37	1.94	2.51	-2.05	2.24	0.07	-0.58	2.90	6.06
Cash from Investing Activity	0.00	-1.80	-1.22	-1.32	-1.62	-2.02	-1.42	-1.17	-2.48	-5.73	-8.91
Cash from Financing Activity	0.00	1.66	-0.23	-0.35	-0.89	4.27	-1.13	1.29	3.12	2.93	2.67
Net Cash Flow	0.00	0.02	-0.08	0.27	0.01	0.20	-0.31	0.19	0.06	0.10	-0.18

Avro India Ltd Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	39.36	46.57	70.38	54.09	64.69	85.23	71.28	61.25	67.45	74.38	105.58	76.20
Inventory Days	45.13	52.96	85.52	93.89	84.68	56.80	29.11	12.01	14.45	14.50	41.45	40.24
Days Payable	25.39	3.42	34.38	7.93	64.32	102.61	82.48	30.24	27.80	20.08	64.92	23.10
Cash Conversion Cycle	59.11	96.11	121.51	140.05	85.06	39.42	17.91	43.01	54.10	68.80	82.11	93.34
Working Capital Days	79.17	106.44	133.59	136.82	105.49	63.79	26.08	47.90	56.49	69.07	86.15	89.75
ROCE %		5.32%		8.10%	8.02%	8.24%	17.46%	14.65%	10.56%	13.79%	17.01%	20.53%

Avro India Ltd Financial Efficiency Indicators Chart

Avro India Ltd Share Holding Pattern

Month	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	68.22%	69.64%	69.64%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
Public	31.77%	30.36%	30.36%	29.63%	29.63%	29.63%	29.62%	29.62%	29.62%	29.64%	29.63%	29.60%
No. of Shareholders	97	81	87	81	748	1,187	1,986	4,544	5,846	7,079	8,356	8,843

Avro India Ltd Shareholding Pattern Chart

No. of Avro India Ltd Shareholders

This stock is not held by any mutual fund

Avro India Ltd ROCE Trend

Avro India Ltd EPS Trend

Avro India Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.00	4.12	2.95	5.57	3.49
Diluted EPS (Rs.)	4.00	4.12	2.95	5.57	3.49
Cash EPS (Rs.)	6.76	5.92	4.22	9.84	7.96
Book Value[Excl.RevalReserv]/Share (Rs.)	28.61	18.49	14.37	36.44	30.87
Book Value[Incl.RevalReserv]/Share (Rs.)	28.61	24.63	20.50	46.37	40.80
Revenue From Operations / Share (Rs.)	92.56	79.32	64.18	163.71	135.42
PBDIT / Share (Rs.)	9.71	8.53	5.57	12.56	9.68
PBIT / Share (Rs.)	6.95	6.73	4.30	8.28	5.21
PBT / Share (Rs.)	5.59	5.78	3.89	7.47	4.31
Net Profit / Share (Rs.)	4.00	4.12	2.95	5.57	3.49
PBDIT Margin (%)	10.49	10.75	8.68	7.66	7.14
PBIT Margin (%)	7.51	8.48	6.70	5.05	3.84
PBT Margin (%)	6.03	7.28	6.06	4.56	3.18
Net Profit Margin (%)	4.32	5.18	4.59	3.40	2.57
Return on Networth / Equity (%)	13.98	22.25	20.52	15.28	11.30
Return on Capital Employeed (%)	20.90	24.42	19.78	17.18	11.83
Return On Assets (%)	7.41	10.12	7.97	8.12	5.77
Long Term Debt / Equity (X)	0.15	0.15	0.08	0.04	0.09
Total Debt / Equity (X)	0.54	0.62	0.53	0.34	0.24
Asset Turnover Ratio (%)	1.96	2.04	2.17	2.54	2.22
Current Ratio (X)	1.58	1.94	1.62	2.18	2.16
Quick Ratio (X)	1.25	1.46	1.29	1.93	1.89
Inventory Turnover Ratio (X)	7.45	7.41	13.59	11.93	10.99
Interest Coverage Ratio (X)	7.11	8.97	13.54	15.59	10.73
Interest Coverage Ratio (Post Tax) (X)	3.93	5.33	8.17	7.92	4.87
Enterprise Value (Cr.)	120.63	136.72	69.28	16.21	19.25
EV / Net Operating Revenue (X)	1.29	1.71	1.07	0.30	0.43
EV / EBITDA (X)	12.31	15.89	12.32	3.97	6.11
MarketCap / Net Operating Revenue (X)	1.13	1.57	0.95	0.23	0.38
Price / BV (X)	3.65	6.74	4.28	1.05	1.69
Price / Net Operating Revenue (X)	1.13	1.57	0.95	0.23	0.38
EarningsYield	0.03	0.03	0.04	0.14	0.06

Avro India Ltd Profitability Ratios (%)

Avro India Ltd Liquidity Ratios

Avro India Ltd Liquidity Ratios (%)

Avro India Ltd Interest Coverage Ratios (%)

Avro India Ltd Valuation Ratios

Fair Value

Fair Value: 125.59

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.20% compared to the current price 115

Default values used*: Deafault value of 15% for ROE is used

Intrinsic Value: 162.11

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 40.97% compared to the current price 115

Default values used*: Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 29.08%

*Investments are subject to market risks

Strength and Weakness of Avro India Ltd Stock

Strength	Weakness
The company has higher reserves (7.22 cr) compared to borrowings (5.28 cr), indicating strong financial stability. The company has shown consistent growth in sales (34.67 cr) and profit (1.70 cr) over the years.	The stock has a low average ROCE of 10.31%, which may not be favorable. The stock has a high average Working Capital Days of 83.40, which may not be favorable. The stock has a high average Cash Conversion Cycle of 75.04, which may not be favorable.

FAQ

What is the latest fair value of Avro India Ltd?

The latest fair value of Avro India Ltd is ₹125.59.

What is the Market Cap of Avro India Ltd?

The Market Cap of Avro India Ltd is 116 Cr..

What is the current Stock Price of Avro India Ltd as on 27 July 2024?

The current stock price of Avro India Ltd as on 27 July 2024 is 115.

What is the High / Low of Avro India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Avro India Ltd stocks is 171/93.7.

What is the Stock P/E of Avro India Ltd?

The Stock P/E of Avro India Ltd is 28.7.

What is the Book Value of Avro India Ltd?

The Book Value of Avro India Ltd is 28.6.

What is the Dividend Yield of Avro India Ltd?

The Dividend Yield of Avro India Ltd is 0.00 %.

What is the ROCE of Avro India Ltd?

The ROCE of Avro India Ltd is 17.4 %.

What is the ROE of Avro India Ltd?

The ROE of Avro India Ltd is 15.0 %.

What is the Face Value of Avro India Ltd?

The Face Value of Avro India Ltd is 10.0.