AVROIND
Avro India financials
- Market cap
- ₹112 Cr
- Sector
- Consumer Durables
What Avro India does
Avro India Limited manufactures plastic moulded furniture — chairs, stools, tables, baby furniture and cabinets — sold pan-India under the AVRO and AVON brands through online and offline channels. It also recycles post-consumer and post-industrial plastic scrap (cement, rice, salt and jumbo bags) at its integrated Ghaziabad, Uttar Pradesh facility, converting it into granules that are captively consumed to make furniture, with the recycled granules also processed into pre-mix compounds it plans to sell to industrial customers. The company holds 25 registered product designs and offers an industry-first 3-year warranty on select furniture lines.
Segments
- Plastic moulded furniture
- Plastic recycling & granules/compounds
- Installed plastic recycling capacity
- 12,000 MTPA (1,000 MT/month)
- Furniture production
- 2.8 million pieces/year
- Product SKUs
- 250+
- Distributor network
- 300+
- Furniture dealer touchpoints
- 30,000+
- Geographic reach
- 10,000+ pin codes across 24 states & UTs
Quarterly results
Q1 FY27: revenue up 8.4%, net profit down 34.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 24 | 19 | 22 | 21 +16% | 24 +1% | 24 +23% | 24 +8% |
| EBITDA | 2 | 2 | 1 | 1 | 1 −39% | 1 −56% | 0 −67% | 0 −80% |
| Net profit | 1 | 1 | 1 | 1 | 1 +47% | 1 +3% | 1 +65% | 1 −34% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −94.6% 1Y
1Y: ₹144.76 on 10 Sept 2025 → ₹7.81. High ₹154.95 (29 Sept 2025), low ₹7.81 (11 Sept 2026).
Financials, as filed
Revenue grew 4.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 3.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹80 Cr | ₹93 Cr | ₹78 Cr | ₹91 Cr |
| Operating profit | ₹6 Cr | ₹6 Cr | ₹5 Cr | ₹3 Cr |
| Operating margin | 7.8% | 6.2% | 6.5% | 3.5% |
| Interest | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹2 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹4 Cr | ₹4 Cr | ₹3 Cr | ₹4 Cr |
| Net margin | 5.2% | 4.3% | 3.9% | 4.6% |
| Cash from operations | ₹3 Cr | ₹6 Cr | ₹-2 Cr | ₹4 Cr |
| Free cash flow | ₹-2 Cr | ₹-3 Cr | ₹-13 Cr | ₹-1 Cr |
| ROCE | 20.5% | 17.1% | 7.6% | 6.7% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹14 Cr | ₹11 Cr | ₹15 Cr | ₹19 Cr | ₹74 Cr | ₹76 Cr |
| Borrowings | ₹4 Cr | ₹8 Cr | ₹12 Cr | ₹16 Cr | ₹23 Cr | ₹18 Cr |
| Other liabilities | ₹3 Cr | ₹9 Cr | ₹5 Cr | ₹10 Cr | ₹14 Cr | ₹16 Cr |
| Total liabilities | ₹25 Cr | ₹37 Cr | ₹41 Cr | ₹54 Cr | ₹124 Cr | ₹123 Cr |
| Fixed assets | ₹10 Cr | ₹12 Cr | ₹15 Cr | ₹20 Cr | ₹23 Cr | ₹63 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹3 Cr | ₹6 Cr |
| Investments | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹40 Cr | ₹0 Cr |
| Other assets | ₹14 Cr | ₹25 Cr | ₹25 Cr | ₹32 Cr | ₹57 Cr | ₹53 Cr |
| Total assets | ₹25 Cr | ₹37 Cr | ₹41 Cr | ₹54 Cr | ₹124 Cr | ₹123 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.69 pp while promoters trimmed −0.43 pp. The shareholder count grew 42% to 9,309.
- Promoters
- 53.6%
- FIIs
- 6.8%
- Public
- 39.5%
Since Jun 2025
- FIIs +0.69 pp
- Promoters −0.43 pp
- DIIs −0.20 pp
How it drifted, 12 quarters
Over this window promoters fell from 70.4% to 53.6% — −16.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 70.4%, Public 29.6%.Dec '23: Promoters 70.4%, Public 29.6%.Mar '24: Promoters 70.4%, FIIs 0.0%, Public 29.6%.Jun '24: Promoters 70.4%, Public 29.6%.Sep '24: Promoters 70.4%, FIIs 0.0%, Public 29.6%.Dec '24: Promoters 67.0%, Public 33.0%.Mar '25: Promoters 54.1%, FIIs 6.1%, DIIs 0.2%, Public 39.6%.Jun '25: Promoters 54.1%, FIIs 6.2%, DIIs 0.2%, Public 39.6%.Sep '25: Promoters 54.1%, FIIs 6.3%, DIIs 0.2%, Public 39.4%.Dec '25: Promoters 54.1%, FIIs 6.5%, Public 39.5%.Mar '26: Promoters 54.1%, FIIs 6.9%, Public 39.0%.Jun '26: Promoters 53.6%, FIIs 6.8%, Public 39.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Avro India above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sushil Kumar Aggarwal | 19.08% | −0.16 pp |
| Anita Aggarwal | 16.50% | −0.13 pp |
| Sahil Aggarwal | 10.40% | −0.08 pp |
| NAV Capital Vcc - NAV Capital Emerging Star Fund FPI fund | 6.32% | unchanged |
| NKSquared | 5.02% | unchanged |
| Nikhil Aggarwal | 2.17% | unchanged |
| Sushil Kumar Aggarwal HUF | 1.73% | unchanged |
| Kundita Aggarwal | 1.73% | unchanged |
| Sahil Aggarwal HUF | 1.73% | unchanged |
| Vandana Poornima Pai | 1.45% | unchanged |
| Bhavin Yashodhan Mehta | 1.17% | unchanged |
| Gautam Rajgarhia | 0.29% | unchanged |
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.
Learn to analyse Avro India
Guides on how to read this kind of business and the numbers that matter.