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AVRO India Ltd.
(AVROIND)
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Rating:47Neutral
Price Target:
₹10.00
▼(-91.52% Downside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by weak financial quality—negative operating/free cash flow and EBIT turning negative—alongside bearish technicals with the price below key moving averages and negative MACD. Valuation is not especially supportive given the P/E level and no indicated dividend yield.
Positive Factors
Manageable leverage
Improving leverage (D/E ~0.20) and a larger equity base give the company greater balance-sheet flexibility. This durable strength reduces refinancing risk, supports working-capital needs during weak cash generation, and enables funding of capex or network investments without immediate external distress.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow means reported earnings are not converting to cash. This structural cash shortfall forces reliance on external funding or working-capital support, constrains reinvestment, and elevates liquidity and execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Improving leverage (D/E ~0.20) and a larger equity base give the company greater balance-sheet flexibility. This durable strength reduces refinancing risk, supports working-capital needs during weak cash generation, and enables funding of capex or network investments without immediate external distress.
Read all positive factors
AVRO India Ltd. (AVROIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.34B
Dividend YieldN/A
Average Volume (3M)21.50K
Price to Earnings (P/E)29.5
Beta (1Y)1.20
Revenue Growth20.83%
EPS Growth21.21%
CountryIN
Employees33
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.32
Shares Outstanding134,171,400
10 Day Avg. Volume17,509
30 Day Avg. Volume21,503
Financial Highlights & Ratios
PEG Ratio1.33
Price to Book (P/B)1.61
Price to Sales (P/S)1.52
P/FCF Ratio-10.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AVRO India Ltd. Business Overview & Revenue Model
Company Description
Avro India Limited, an Indian enterprise, specializes in the manufacturing and sale of plastic-molded furnishings and granular plastic raw materials. The company's product line features a diverse array of items, including various chairs, stools, t...
How the Company Makes Money
AVRO India Ltd. makes money primarily by selling molded plastic consumer/household products. Its core revenue stream is the sale of finished goods (plastic houseware and other utility items) to customers through trade distribution (e.g., wholesale...
AVRO India Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
71
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 861.28M | 946.37M | 783.25M | 933.69M | 800.13M | 647.41M |
| Gross Profit | 261.51M | 211.08M | 185.56M | 210.84M | 184.83M | 96.57M |
| EBITDA | 109.36M | 34.72M | 95.33M | 98.22M | 85.58M | 56.32M |
| Net Income | 38.13M | 45.97M | 30.42M | 40.37M | 41.51M | 29.76M |
Balance Sheet | ||||||
| Total Assets | 1.24B | 1.21B | 1.17B | 544.55M | 409.87M | 373.15M |
| Cash, Cash Equivalents and Short-Term Investments | 237.30M | 298.97M | 438.46M | 13.31M | 15.94M | 8.06M |
| Total Debt | 234.04M | 176.65M | 199.03M | 156.23M | 115.78M | 76.85M |
| Total Liabilities | 369.88M | 315.46M | 323.98M | 255.92M | 161.46M | 166.31M |
| Stockholders Equity | 872.76M | 895.05M | 850.25M | 288.63M | 248.40M | 206.84M |
Cash Flow | ||||||
| Free Cash Flow | -74.85M | -131.96M | -150.41M | -31.30M | -24.90M | -37.75M |
| Operating Cash Flow | -31.44M | -41.41M | -38.52M | 60.59M | 28.96M | -5.83M |
| Investing Cash Flow | -260.34M | -218.33M | -237.26M | -89.09M | -57.33M | -24.80M |
| Financing Cash Flow | 27.38M | -22.38M | 575.17M | 26.67M | 30.11M | 31.22M |
AVRO India Ltd. Technical Analysis
Negative
117.91
Price Trends
11.00
Negative
11.81
Negative
12.43
Negative
Market Momentum
-0.23
Negative
43.43
Neutral
20.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AVROIND, the sentiment is Negative. The current price of 117.91 is above the 20-day moving average (MA) of 10.51, above the 50-day MA of 11.00, and above the 200-day MA of 12.43, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 43.43 is Neutral, neither overbought nor oversold. The STOCH value of 20.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AVROIND.
AVRO India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹19.25B | 16.76 | ― | 1.43% | 14.05% | 8.60% | |
61 Neutral | ₹25.84B | 61.36 | ― | 0.50% | 10.87% | 8.93% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹68.04B | 117.81 | ― | 0.16% | 18.56% | -17.67% | |
53 Neutral | ₹4.79B | 73.27 | ― | 0.42% | -3.98% | -86.94% | |
52 Neutral | ₹2.16B | 48.55 | ― | ― | 8.18% | -14.30% | |
47 Neutral | ₹1.34B | 29.50 | ― | ― | 20.83% | 21.21% |
* General Sector Average
IN:AVROIND
AVRO India Ltd.
10.12
-6.81
-40.24%
IN:GREENLAM
Greenlam Industries Ltd
260.55
17.98
7.41%
IN:NILKAMAL
Nilkamal Limited
1,300.00
-427.16
-24.73%
IN:PILITA
PIL Italica Lifestyle Limited
9.22
-6.48
-41.27%
IN:RUSHIL
Rushil Decor Ltd.
16.08
-12.27
-43.28%
IN:STOVEKRAFT
Stove Kraft Ltd.
776.30
187.61
31.87%
AVRO India Ltd. Corporate Events
Avro India secures NSE, BSE nod to list 1.06 million preferential shares
Jul 3, 2026
Avro India Ltd. has received approval from the National Stock Exchange of India and BSE for the listing and trading of 1,060,900 equity shares with a face value of Rs. 1 each, allotted to non-promoters on a preferential basis. The newly approved s...
AVRO India Schedules Virtual EGM, Moves to Fully Digital Shareholder Voting
Jun 8, 2026
AVRO India Ltd. has announced that it has published newspaper advertisements in Financial Express and Jansatta to inform shareholders about its upcoming Extraordinary General Meeting, in line with SEBI’s disclosure and advertising requiremen...
Avro India Clears Sale of Plant and Machinery to Recycling Subsidiary
Jun 6, 2026
Avro India Ltd. said its board has approved the sale of certain plant and machinery at fair value to its wholly owned subsidiary, Avro Recycling Limited, with the transaction proposed to take effect on June 30, 2026. The move, which remains subjec...
Avro India Sets May 5, 2026 Record Date for Equity Share Split
Apr 21, 2026
Avro India Ltd. has announced that it will sub-divide its equity shares, splitting each share with a face value of Rs 10 into ten shares with a face value of Rs 1 each, with the record date set for May 5, 2026. The share split is expected to impro...
Avro India Details Conduct of Virtual Extraordinary General Meeting
Apr 18, 2026
Avro India Ltd. informed exchanges that it convened an Extraordinary General Meeting on April 18, 2026, conducted entirely via video conferencing and other audio-visual means in line with Companies Act and SEBI regulations. The company detailed co...
AVRO India Raises Equity Capital via Warrant Conversion as Majority Lapse
Apr 18, 2026
AVRO India Ltd. has approved the allotment of 106,090 fully paid equity shares following the exercise of an equivalent number of convertible warrants by non-promoter investors, at an issue price of ₹127.25 per share. As a result, the company...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.