Avro India (NSEI:AVROIND) - Share price, News & Analysis

AVROIND fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	0/6

AVROIND Stock Overview

Avro India Limited manufactures and sells plastic molded furniture and granules in India.

Rewards

Earnings grew by 64.3% over the past year

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap (₹1B)

Avro India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Avro India
Historical stock prices
Current Share Price	₹124.60
52 Week High	₹134.50
52 Week Low	₹11.61
Beta	-0.49
1 Month Change	3.23%
3 Month Change	112.63%
1 Year Change	972.94%
3 Year Change	1,107.06%
5 Year Change	n/a
Change since IPO	657.37%

Recent News & Updates

May 14

Here's Why We Think Avro India (NSE:AVROIND) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

	AVROIND	IN Consumer Durables	IN Market
7D	3.5%	3.5%	2.3%
1Y	972.9%	-16.4%	-0.9%

Return vs Industry: AVROIND exceeded the Indian Consumer Durables industry which returned -18.7% over the past year.

Return vs Market: AVROIND exceeded the Indian Market which returned -1.7% over the past year.

Price Volatility

Is AVROIND's price volatile compared to industry and market?
AVROIND volatility
AVROIND Average Weekly Movement	7.0%
Consumer Durables Industry Average Movement	6.6%
Market Average Movement	6.9%
10% most volatile stocks in IN Market	9.9%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: AVROIND is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AVROIND's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	44	Sahil Aggarwal	https://www.avrofurniture.com

Avro India Limited manufactures and sells plastic molded furniture and granules in India. It provides chairs, stools, tables, and kid’s chairs and desks. The company offers its products under the AVON FURNITURE and AVRO FURNITURE brand names.

Avro India Fundamentals Summary

How do Avro India's earnings and revenue compare to its market cap?
AVROIND fundamental statistics
Market Cap	₹1.26b
Earnings (TTM)	₹29.76m
Revenue (TTM)	₹647.41m

42.2x

P/E Ratio

1.9x

P/S Ratio

Is AVROIND overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVROIND income statement (TTM)
Revenue	₹647.41m
Cost of Revenue	₹477.46m
Gross Profit	₹169.95m
Other Expenses	₹140.19m
Earnings	₹29.76m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.95
Gross Margin	26.25%
Net Profit Margin	4.60%
Debt/Equity Ratio	37.2%

How did AVROIND perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is AVROIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AVROIND?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AVROIND. This is calculated by dividing AVROIND's market cap by their current preferred multiple.
What is AVROIND's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹1.26b

AVROIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2x
Enterprise Value/EBITDA	23.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does AVROIND's PE Ratio compare to its peers?

AVROIND PE Ratio vs Peers

The above table shows the PE ratio for AVROIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	47x

Forward PE

Price-To-Earnings vs Peers: AVROIND is good value based on its Price-To-Earnings Ratio (42.2x) compared to the peer average (47x).

Price to Earnings Ratio vs Industry

How does AVROIND's PE Ratio compare vs other companies in the Indian Consumer Durables Industry?

Price-To-Earnings vs Industry: AVROIND is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the Indian Consumer Durables industry average (36.1x)

Price to Earnings Ratio vs Fair Ratio

What is AVROIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AVROIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AVROIND's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of AVROIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate AVROIND's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AVROIND's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVROIND's PEG Ratio to determine if it is good value.

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Future Growth

How is Avro India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

28.8%

Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Avro India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Check out Avro India's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Avro India competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Avro India performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

33.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AVROIND has a high level of non-cash earnings.

Growing Profit Margin: AVROIND's current net profit margins (4.6%) are higher than last year (3.4%).

Past Earnings Growth Analysis

Earnings Trend: AVROIND's earnings have grown significantly by 33.6% per year over the past 5 years.

Accelerating Growth: AVROIND's earnings growth over the past year (64.3%) exceeds its 5-year average (33.6% per year).

Earnings vs Industry: AVROIND earnings growth over the past year (64.3%) exceeded the Consumer Durables industry 13.6%.

Return on Equity

High ROE: AVROIND's Return on Equity (14.4%) is considered low.

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Financial Health

How is Avro India's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: AVROIND's short term assets (₹251.6M) exceed its short term liabilities (₹153.8M).

Long Term Liabilities: AVROIND's short term assets (₹251.6M) exceed its long term liabilities (₹12.5M).

Debt to Equity History and Analysis

Debt Level: AVROIND's net debt to equity ratio (33.3%) is considered satisfactory.

Reducing Debt: AVROIND's debt to equity ratio has reduced from 145.3% to 37.2% over the past 5 years.

Debt Coverage: AVROIND's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AVROIND's interest payments on its debt are well covered by EBIT (10.5x coverage).

Balance Sheet

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Dividend

What is Avro India current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVROIND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AVROIND's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AVROIND's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVROIND's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AVROIND has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure

CEO

Sahil Aggarwal (31 yo)

12.5yrs

Tenure

₹1,200,000

Compensation

Mr. Sahil Aggarwal serves as a Director at Avro India Limited (formerly known as, Avon Moldplast Limited) since March 21, 2018 and serves as its Managing Director since joining in December 02, 2009. He is...

CEO Compensation Analysis

Compensation vs Market: Sahil's total compensation ($USD15.35K) is below average for companies of similar size in the Indian market ($USD38.35K).

Compensation vs Earnings: Sahil's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: AVROIND's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Experienced Board: AVROIND's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31