Avro India Q1 FY24 Share Price & Earnings Call Analysis
- Market cap
- ₹76 Cr
- P/E
- 19.66
- ROE
- 4.57%
- PEG
- -33.91
- Price to sales
- 0.82
- Debt to equity
- 0.20
- 52W high / low
- ₹152 / ₹4.29
- Sales growth (5Y)
- 11.23%
- EBITDA margin
- 2.33%
- Net profit margin
- 4.41%
- Promoter holding
- 53.64%
- Sales (last year)
- ₹93 Cr
Incorporated in 1996, Avro India Ltd is engaged in the manufacturing of plastic furniture and recycling of plastic scrap.[1]
Guidance scorecard · Q1 FY24 call
What Avro India's management guided
and where it ranks in Consumer Durables
RevenueQ1 FY24 call
20–40%- Target to double turnover by FY 2026, or possibly earlier, depending on capex deployment.
- Plan to increase plastic furniture sales from 25 lakh pieces to 50 lakh pieces over the next 2-3 years.
- Aim to increase recycling capacity from current ~260 tons per month to 600 tons through debottlenecking.
- Ambition to raise in-house plastic manufacturing capacity from 8,000 tons to 12,000-15,000 tons in the next few years.
- Long-term vision includes setting up a large Greenfield recycling plant to significantly scale up operations.
- Focus on expanding regional presence across India, currently in 18 states, with plans to deepen distribution.
- Expect organic growth of about 15% in the plastic furniture market.
2 more points from Avro India's call on revenue
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MarginsQ1 FY24 call
FlatSee what Avro India said on margins — free account, 30 seconds.
CapexQ1 FY24 call
Planned- Current capex focus on debottlenecking and expanding recycling capacity from 260 tons to 600 tons per month, aiming eventually for 1,000 tons.
- Planned incremental capex of approx. INR 10 crores to add machines and molds primarily in furniture manufacturing, targeting doubling turnover by FY ’26.
- Exploring large-scale Greenfield plant setup for significant capacity expansion, possibly within next 6 months to few years depending on capital availability.
- Capex aimed at boosting in-house post-consumer plastic processing to reduce dependency on external suppliers and optimize costs.
- Gradual organic scaling alongside potential bulk capex deployment to increase production 5x-10x.
- Capex funding through a mix of internal accruals, debt, and possible external capital infusion.
- Strategic investments in new product molds and SKUs to refresh product portfolio and capture new markets.
2 more points from Avro India's call on capex
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FundraisingQ1 FY24 call
PlannedSee what Avro India said on fundraising — free account, 30 seconds.
Order bookQ1 FY24 call
- It indicates a healthy demand with approximately 36,000 orders being served across 6,500 zip codes in India on a B2C model.
- The company is steadily increasing volumes and aiming to double sales over the next three years.
- Expansion is ongoing, with orders coming from newer markets like Karnataka, Bihar, Jharkhand, Assam, and West Bengal.
- The company is focusing on scaling up production capacity and debottlenecking manufacturing processes to meet growing demand.
2 more points from Avro India's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Avro India
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Avro India
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|
| Sales + | 21.67 | 20.90 | 24.91 |
| Expenses + | 20.39 | 20.00 | 24.38 |
| Operating Profit | 1.28 | 0.90 | 0.53 |
| OPM % | 5.91% | 4.31% | 2.13% |
| Other Income + | 1.59 | 1.92 | 2.94 |
| Interest | 0.41 | 0.33 | 0.49 |
| Depreciation | 1.03 | 1.05 | 1.20 |
| Profit before tax | 1.43 | 1.44 | 1.78 |
| Tax % | 26.57% | 16.67% | 23.60% |
| Net Profit + | 1.05 | 1.21 | 1.36 |
| EPS in Rs | 0.08 | 0.09 | 0.10 |
Financials of Avro India
Profit & Loss
Annual income statement trend
| Mar 2025 | |
|---|---|
| Sales + | 67.48 |
| Expenses + | 64.77 |
| Operating Profit | 2.71 |
| OPM % | 4.02% |
| Other Income + | 6.45 |
| Interest | 1.23 |
| Depreciation | 3.27 |
| Profit before tax | 4.66 |
| Tax % | 22.32% |
| Net Profit + | 3.62 |
| EPS in Rs | 0.27 |
| Dividend Payout % | 0.00% |
Financials of Avro India
Balance Sheet
Capital structure and asset base
| Mar 2025 | |
|---|---|
| Equity Capital | |
| Reserves | |
| Borrowings + | |
| Other Liabilities + | |
| Total Liabilities | |
| Fixed Assets + | |
| CWIP | |
| Investments | |
| Other Assets + | |
| Total Assets |
Financials of Avro India
Cash Flows
Operating, investing and financing cash movement
| Mar 2025 | |
|---|---|
| Cash from Operating Activity + | |
| Cash from Investing Activity + | |
| Cash from Financing Activity + | |
| Net Cash Flow | |
| Free Cash Flow | |
| CFO/OP |
Financials of Avro India
Ratios
Working capital efficiency and return ratios
| Mar 2025 | |
|---|---|
| Debtor Days | |
| Inventory Days | |
| Days Payable | |
| Cash Conversion Cycle | |
| Working Capital Days | |
| ROCE % |
Continue your research
What Avro India's management said in earlier quarters
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