Skip to content

    Avro India

    Ghaziabad-based manufacturer of plastic moulded furniture (AVRO, AVON brands) that also recycles plastic scrap into granules and pre-mix compounds under a circular-economy model.

    Consumer Durables
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹119 Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital33101010131313
    Reserves1014111519727476
    Borrowings3481216202318
    Other Liabilities439510121416
    Total Liabilities2025374154117124123
    AssetsFixed Assets810121520252363
    CWIP00001336
    Investments010112400
    Other Assets1114252532885753
    Total Assets2025374154117124123

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-220-136-24
    Cash from Investing-2-1-1-2-6-9-24-30
    Cash from Financing4-1133356-4
    SummaryCapital Expenditure
    Free Cash Flow-41-1-4-2-3-13-1
    FCF Margin

    Valuation

    Assumptions

    Current — AVROIND
    Price
    ₹10
    EPS (TTM)
    ₹0.31
    PE (TTM)
    33.1
    Profit growth
    0.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (348.3×) and current (33.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹10
    vs
    Fair value · 15% return
    ₹4
    58%Overvalued

    At 0.4% growth and a 33× exit, ₹10 only delivers your return if you pay ₹4. The price is currently baking in 18% growth.

    EPS grows 0.4%/yr for 5 years, then fades to 6% over 2, exits at 33×.

    YearGrowthEPS (₹)
    FY270.4%0.31
    FY280.4%0.31
    FY290.4%0.31
    FY300.4%0.31
    FY310.4%0.32
    FY323.2% ·fade0.33
    FY336.0% ·fade0.35

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Avro India

    Guides on how to read this kind of business and the numbers that matter.