Bartronics India Q4 FY26 Share Price & Earnings Call Analysis
₹5.46-4.21% today
- Market cap
- ₹166 Cr
- P/E
- 25.94
- ROE
- 19.03%
- PEG
- 0.85
- Price to sales
- 1.60
- Debt to equity
- 0.26
- 52W high / low
- ₹14.7 / ₹5.27
- Sales growth (5Y)
- 10.60%
- EBITDA margin
- 4.61%
- Net profit margin
- 5.71%
- Promoter holding
- 65.82%
- Sales (last year)
- ₹104 Cr
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
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.
Avio Smart Market announcements
All announcements →- Fundraise / allotmentNotableAvio Smart Market Stack approves Rs. 49 crore rights issue and Rs. 14 crore investment in Ampivo
- Fundraise / allotmentNotableAvio Smart Market Stack Ltd to hold Board Meeting on Oct 29, 2026 for ₹49 crore Rights Issue
Financials of Avio Smart Market
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Avio Smart Market
Quarterly Results
Quarter-by-quarter operating performance
| 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 + | 11.47 | 12.05 | 12.07 | 12.43 | 11.92 | 12.41 | 13.57 | 8.85 | 8.71 | 8.91 | 8.83 | 12.40 | 48.34 |
| Expenses + | 11.65 | 12.19 | 11.41 | 12.82 | 12.10 | 12.56 | 13.34 | 8.91 | 9.08 | 9.01 | 9.65 | 11.70 | 45.75 |
| Operating Profit | -0.18 | -0.14 | 0.66 | -0.39 | -0.18 | -0.15 | 0.23 | -0.06 | -0.37 | -0.10 | -0.82 | 0.70 | 2.59 |
| OPM % | -1.57% | -1.16% | 5.47% | -3.14% | -1.51% | -1.21% | 1.69% | -0.68% | -4.25% | -1.12% | -9.29% | 5.65% | 5.36% |
| Other Income + | 0.07 | 157.90 | 0.04 | -0.29 | 0.25 | 0.75 | 0.85 | 0.32 | 0.06 | 1.52 | 0.03 | 0.32 | 0.15 |
| 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 | 1.05 | 1.01 | 0.19 | 0.14 | 0.07 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 |
| Profit before tax | -1.16 | 156.75 | 0.51 | -0.82 | 0.00 | 0.56 | 1.07 | 0.25 | -0.32 | 1.41 | -0.80 | 1.01 | 2.68 |
| Tax % | -13.79% | 12.15% | 9.80% | 20.73% | -253.57% | 16.82% | 0.00% | 0.00% | 33.33% | -156.25% | 0.00% | 8.96% | |
| Net Profit + | -1.00 | 137.70 | 0.46 | -0.99 | -0.06 | 1.98 | 0.89 | 0.25 | -0.33 | 0.93 | 0.45 | 1.00 | 2.45 |
| EPS in Rs | -0.33 | 4.52 | 0.02 | -0.03 | -0.00 | 0.07 | 0.03 | 0.01 | -0.01 | 0.03 | 0.01 | 0.03 | 0.08 |
Financials of Avio Smart Market
Profit & Loss
Annual income statement trend
| Sep 2013 | Mar 2015 18m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 50.44 | 39.30 | 42.36 | 72.12 | 70.84 | 68.23 | 66.13 | 62.81 | 65.44 | 52.63 | 48.84 | 40.04 | 78.48 |
| Expenses + | 124.89 | 43.26 | 31.94 | 62.00 | 57.97 | 84.26 | 59.09 | 56.85 | 59.78 | 50.66 | 48.88 | 40.30 | 76.11 |
| Operating Profit | -74.45 | -3.96 | 10.42 | 10.12 | 12.87 | -16.03 | 7.04 | 5.96 | 5.66 | 1.97 | -0.04 | -0.26 | 2.37 |
| OPM % | -147.60% | -10.08% | 24.60% | 14.03% | 18.17% | -23.49% | 10.65% | 9.49% | 8.65% | 3.74% | -0.08% | -0.65% | 3.02% |
| Other Income + | 63.19 | 3.52 | 18.98 | -3.35 | 1.97 | 0.19 | 3.08 | 0.24 | 0.13 | 158.11 | 0.73 | 2.76 | 2.02 |
| Interest | 50.56 | 70.09 | 53.67 | 51.89 | 52.40 | 52.45 | 52.43 | 52.40 | 52.40 | 26.21 | 0.01 | 0.05 | 0.00 |
| Depreciation | 52.77 | 57.21 | 11.16 | 6.07 | 5.90 | 5.40 | 4.55 | 4.28 | 4.27 | 4.18 | 0.45 | 0.05 | 0.09 |
| Profit before tax | -114.59 | -127.74 | -35.43 | -51.19 | -43.46 | -73.69 | -46.86 | -50.48 | -50.88 | 129.69 | 0.23 | 2.40 | 4.30 |
| Tax % | -39.67% | -11.97% | -6.35% | -0.78% | -0.90% | -10.50% | 9.41% | -2.48% | -1.14% | 15.01% | -500.00% | 27.08% | |
| Net Profit + | -69.12 | -112.45 | -33.18 | -50.79 | -43.06 | -65.94 | -51.27 | -49.23 | -50.30 | 110.22 | 1.38 | 1.75 | 4.83 |
| EPS in Rs | -20.30 | -33.03 | -9.74 | -14.92 | -12.65 | -19.37 | -15.06 | -14.46 | -14.77 | 3.62 | 0.05 | 0.06 | 0.15 |
| 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% |
Financials of Avio Smart Market
Balance Sheet
Capital structure and asset base
| Sep 2013 | 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 | 34.05 | 34.05 | 34.05 | 34.05 | 34.05 | 34.05 | 34.05 | 34.05 | 34.05 | 30.46 | 30.46 | 30.46 | 30.46 |
| Reserves | 251.64 | 148.71 | 115.53 | 57.47 | 14.85 | -27.40 | -51.06 | -108.08 | -146.56 | -5.05 | -3.95 | -2.21 | -0.77 |
| Borrowings + | 778.42 | 734.32 | 772.55 | 789.06 | 747.06 | 797.21 | 1,047.18 | 1,091.80 | 1,155.96 | 0.00 | 0.00 | 0.18 | 0.17 |
| Other Liabilities + | 480.61 | 529.64 | 559.32 | 584.79 | 416.58 | 447.95 | 243.92 | 243.59 | 245.31 | 2.40 | 3.23 | 4.13 | 4.87 |
| Total Liabilities | 1,544.72 | 1,446.72 | 1,481.45 | 1,465.37 | 1,212.54 | 1,251.81 | 1,274.09 | 1,261.36 | 1,288.76 | 27.81 | 29.74 | 32.56 | 34.73 |
| Fixed Assets + | 120.08 | 64.60 | 55.17 | 50.10 | 44.54 | 39.41 | 32.13 | 27.86 | 23.59 | 3.84 | 2.00 | 0.29 | 0.27 |
| CWIP | 13.41 | 13.56 | 13.56 | 13.56 | 13.56 | 13.56 | 12.16 | 12.16 | 12.16 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 302.18 | 302.18 | 302.18 | 302.18 | 302.18 | 305.63 | 302.18 | 302.18 | 302.18 | 0.00 | 0.00 | 5.01 | 5.00 |
| Other Assets + | 1,109.05 | 1,066.38 | 1,110.54 | 1,099.53 | 852.26 | 893.21 | 927.62 | 919.16 | 950.83 | 23.97 | 27.74 | 27.26 | 29.46 |
| Total Assets | 1,544.72 | 1,446.72 | 1,481.45 | 1,465.37 | 1,212.54 | 1,251.81 | 1,274.09 | 1,261.36 | 1,288.76 | 27.81 | 29.74 | 32.56 | 34.73 |
Financials of Avio Smart Market
Cash Flows
Operating, investing and financing cash movement
| Sep 2013 | 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 + | -11.65 | 107.22 | -5.28 | 3.55 | 63.52 | 31.32 | 60.63 | 2.11 | 3.95 | -9.29 | -0.48 | -2.52 |
| Cash from Investing Activity + | 55.86 | 7.67 | -1.68 | 1.09 | 0.26 | 20.16 | 10.78 | 0.24 | 0.12 | 0.59 | 0.96 | -0.50 |
| Cash from Financing Activity + | -43.99 | -114.24 | 7.86 | -3.32 | -63.86 | -51.77 | -68.83 | -0.03 | 0.03 | -2.25 | 0.00 | 0.18 |
| Net Cash Flow | 0.22 | 0.66 | 0.90 | 1.31 | -0.07 | -0.29 | 2.57 | 2.32 | 4.10 | -10.96 | 0.48 | -2.84 |
| Free Cash Flow | -10.88 | 105.09 | -7.00 | 2.56 | 63.19 | 31.49 | 64.75 | 2.11 | 3.94 | -9.29 | -0.52 | 1.20 |
| CFO/OP | 16% | -2,708% | -51% | 35% | 494% | -195% | 861% | 35% | 70% | -472% | -4,775% | 465% |
Financials of Avio Smart Market
Ratios
Working capital efficiency and return ratios
| Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6,589.47 | 7,924.31 | 7,685.68 | 4,450.80 | 3,247.85 | 3,532.95 | 3,822.21 | 3,932.25 | 3,906.63 | 15.67 | 3.36 | 22.33 |
| Inventory Days | 48.99 | 146.20 | 523.50 | 96.47 | 173.23 | 81.19 | 123.51 | 388.87 | ||||
| Days Payable | 2,339.48 | 5,358.45 | 17,264.83 | 4,922.33 | 2,600.93 | 1,777.66 | 1,872.28 | 4,518.24 | ||||
| Cash Conversion Cycle | 4,298.97 | 2,712.07 | -9,055.65 | -375.06 | 820.16 | 1,836.48 | 2,073.44 | 3,932.25 | -222.75 | 15.67 | 3.36 | 22.33 |
| Working Capital Days | -2,053.38 | -3,340.17 | -3,313.09 | -2,220.01 | -2,457.72 | -2,814.93 | -2,963.22 | -3,446.20 | -3,525.90 | 14.70 | -7.25 | -6.65 |
| ROCE % | -6.31% | -5.71% | 1.99% | 0.47% | 1.07% | -2.66% | 0.62% | 0.19% | 0.15% | -0.30% | 3.78% | 1.42% |
