Avio Smart Market Stack share price & results
- Jun 2026
- Jun 2026
Diversified Indian platform company built on Bartronics' rural banking-correspondent network, now expanding into agri supply-chain/agri-retail and molecular-diagnostics distribution.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 12.0 | +35.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 5.9 | +15.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.5 | +235.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | +22.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -0.71 | −5.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +180.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −61.3% 1Y
1Y: ₹14.27 on 24 Oct 2025 → ₹5.52. High ₹14.71 (6 Feb 2026), low ₹5.27 (23 Oct 2026).
- Previous close
- ₹5.62
- Market cap
- ₹179 Cr
- 52-week range
- ₹5.27 – ₹14.71
- One year
- −60.23%
- Price to earnings (FY ending Mar 2026)
- 29.83×
- Return on equity (FY ending Mar 2026)
- 19.35%
Overview
- Symbol
- NSE:ASMS
- Sector
- Information Technology
- Exchange
- NSE
- Currency
- INR
What Avio Smart Market Stack Limited does
Based on the company's own presentations, annual report and earnings calls.
Avio Smart Market Stack Limited (formerly Bartronics India Limited) runs a rural banking-correspondent network, partnering with 7 public-sector and regional rural banks to deliver financial-inclusion and digital services across roughly 5,000 villages in 10 states. On top of this distribution network it has launched an Agri Supply Chain & Technologies division ('Project Avio', December 2025) covering agri-commerce, trade finance, smart retail and crop advisory. It has also entered Diagnostics & Healthcare through a strategic partnership with Huwel Lifesciences, under which it holds master distribution rights for a molecular diagnostics portfolio of 140+ point-of-care test products (TB, HPV, Hepatitis, Sepsis, AMR, respiratory and infectious diseases). Historically (as Bartronics) the company also built and delivered identification-technology solutions — barcoding, biometrics, RFID, POS, EAS and smart cards — for e-governance, financial-inclusion and enterprise clients.
Segments
- Financial Inclusion & Digital Services
- Agri Supply Chain & Technologies
- Diagnostics & Healthcare
- Villages served (Financial Inclusion network)
- ~5,000
- States covered (rural banking network)
- 10
- Partner banks (Public Sector & Regional Rural Banks)
- 7
- Rural population reached
- ~40 million
- Rural banking network operating history
- 15+ years
- Molecular diagnostic products (via Huwel Lifesciences)
- 140+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2020 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +236% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 9 | 9 | 9 | 12 | 48 | 34 | 12 |
| Expenses | 9 | 9 | 9 | 10 | 12 | 46 | 32 | 11 |
| Operating profit | -0 | -0 | -0 | -1 | 1 | 3 | 2 | 1 |
| Operating margin | −0.7% | −4.3% | −1.1% | −9.3% | 5.7% | 5.4% | 6.8% | 5.9% |
| Other income | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0 | 1 | -1 | 1 | 3 | 3 | 1 |
| Tax rate | 0.0% | 0.0% | 33.3% | −156.3% | 0.0% | 9.0% | 20.1% | −21.9% |
| Net profit | 0 | -0 | 1 | 0 | 1 | 2 | 2 | 2 |
| EPS (₹ per share) | 0.01 | -0.01 | 0.03 | 0.01 | 0.03 | 0.08 | 0.07 | 0.05 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 53 | 49 | 40 | 104 |
| Expenses | 51 | 49 | 40 | 99 |
| Operating profit | 2 | -0 | -0 | 5 |
| Other income | 158 | 1 | 3 | 1 |
| Interest | 26 | 0 | 0 | 0 |
| Depreciation | 4 | 0 | 0 | 0 |
| Profit before tax | 130 | 0 | 2 | 6 |
| Net profit | 110 | 1 | 2 | 6 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 34 | 30 | 30 | 30 | 30 | 30 |
| Reserves | -147 | -5 | -4 | -2 | -1 | 4 |
| Borrowings | 1,156 | 0 | 0 | 0 | 0 | 9 |
| Other liabilities | 245 | 2 | 3 | 4 | 5 | 25 |
| Total liabilities | 1,289 | 28 | 30 | 33 | 35 | 68 |
| Fixed assets | 24 | 4 | 2 | 0 | 0 | 2 |
| Capital work in progress | 12 | 0 | 0 | 0 | 0 | 0 |
| Investments | 302 | 0 | 0 | 5 | 5 | 14 |
| Other assets | 951 | 24 | 28 | 27 | 29 | 53 |
| Total assets | 1,289 | 28 | 30 | 33 | 35 | 68 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | 4 | -9 | 0 | -2 | 1 |
| Cash from investing | 0 | 0 | 1 | 1 | -1 | -10 |
| Cash from financing | 0 | 0 | -2 | 0 | 0 | 8 |
| Net cash flow | 2 | 4 | -11 | 0 | -3 | 0 |
| Free cash flow | 2 | 4 | -9 | -1 | 2 | 0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 3932 | 3907 | 16 | 3 | 22 | 91 |
| Inventory days | — | 389 | — | — | — | 0 |
| Days payable | — | 4518 | — | — | — | 137 |
| Cash conversion cycle | 3932 | -223 | 16 | 3 | 22 | -46 |
| Working capital days | -3446 | -3526 | 15 | -7 | -7 | 2 |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 4.0% | 1.0% | 16.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Financial Inclusion & Digital Services contributes 88.0% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Financial Inclusion & Digital Services 88.0%
₹10.54 crore
- Others 10.5%
₹1.26 crore
- Agri Supply Chain & Technologies 1.4%
₹0.17 crore
- Diagnostics & Healthcare 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Financial Inclusion & Digital Services | 10.54 | 88.0% |
| Others | 1.26 | 10.5% |
| Agri Supply Chain & Technologies | 0.17 | 1.4% |
| Diagnostics & Healthcare | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹11.97 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹11.97 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 65.82% as of Jun 2026; institutions cut 0.17 pts since Mar 2026.
- Promoters 65.82%
- Foreign institutions 1.50%
- Domestic institutions 0.22%
- Public 32.47%
Who is on the register
Named in the Jun 2026 filing
Every holder of Avio Smart Market Stack Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 65.82% | −1.68 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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