BSE: 544337 | NSE: | Trading |
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 71.4% | 8.4% | 92.7% | 71.4% | - |
| Value Creation Index ⓘ | 4.1 | -0.4 | 5.6 | 4.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 0 | 0.3 | 14.7 | 22.1 | 22 |
| Sales YoY Gr. | - | NA | 4,969% | 50.1% | - |
| Adj EPS ⓘ | 0.1 | 0.2 | 9.1 | 18.1 | 13.3 |
| YoY Gr. | - | 111.1% | 4679% | 98.9% | - |
| BVPS (₹) ⓘ | 0.1 | 0.3 | 23.1 | 41.1 | 48.7 |
| Adj Net Profit ⓘ | 0 | 0 | 0.7 | 1.4 | 1 |
| Cash Flow from Ops. ⓘ | 0 | -0.1 | -0.4 | 0.1 | - |
| Debt/CF from Ops. ⓘ | 0 | -2.2 | 0 | 6.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 50.1% | ||||
| Adj EPS ⓘ | NA | NA | 485.5% | 98.9% | ||||
| BVPSⓘ | NA | NA | 599.8% | 78.3% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 71.4 | 88.6 | 78 | 56.3 | 29.6 |
| Op. Profit Mgn % ⓘ | 0 | 4.7 | 6.8 | 9.5 | NAN |
| Net Profit Mgn % ⓘ | 0 | 3.5 | 4.7 | 6.3 | 6.3 |
| Debt to Equity ⓘ | 0 | 18.2 | 0 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 259 | 42 | 54 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -8 | 15 | 35 | 0 |
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.3 | - |
| TTM Sales (₹ Cr.) | 22.1 | - |
| BVPS (₹.) ⓘ | 48.7 | - |
| Reserves (₹ Cr.) ⓘ | 4 | - |
| P/BV ⓘ | 2.15 | - |
| PE ⓘ | 7.90 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 92.50 / 146.63 |
| All Time Low / High (₹) | 92.50 / 146.63 |
| Market Cap (₹ Cr.) | 10.9 |
| Equity (₹ Cr.) | 1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 54.3 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 71 | 13.9 | 62.3 | 0.9 | 62.2 | 3.8 | 63 | -3.7 |
| Adj EPS (₹) ⓘ | 6.1 | -36 | 3.4 | 164.8 | 1.6 | 25 | 3.8 | -10.8 |
| Op. Profit Mgn % ⓘ | 2.95 | -386 bps | 2.99 | 152 bps | 1.72 | 20 bps | 3.49 | 33 bps |
| Net Profit Mgn % ⓘ | 3.98 | -219 bps | 2.51 | 168 bps | 1.18 | 32 bps | 3.26 | 65 bps |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Redington | 224.7 | -9.9 (-4.2%) | Small Cap | 41,228 | 17.8 | 2.6 | 13.1 | 4.2 |
| Adani Enterprises | 2,222 | -19.7 (-0.9%) | Large Cap | 32,012 | 22.1 | 9.1 | 101.3 | 11.5 |
| Amrapali Industries | 15.6 | 0 (0.1%) | Small Cap | 27,301 | 0.1 | 0 | 121.9 | 2.5 |
| Rashi Peripheral | 274.8 | -1.8 (-0.6%) | Small Cap | 10,731 | 28.3 | 1.3 | 9.8 | 1.1 |
| Prithvi Exchange (I) | 149.7 | -4.4 (-2.9%) | Small Cap | 4,160 | 13.7 | 0.3 | 11.3 | 2.5 |
| Remedium Lifecare | 2.3 | 0.1 (4.6%) | Small Cap | 4,042 | -1.2 | 0.4 | - | 1.9 |
| SG Mart | 305.7 | -11.6 (-3.7%) | Small Cap | 2,683 | 9.4 | 2.2 | 33.8 | 3.1 |
| Manoj Vaibhav Gems | 195.7 | -3.6 (-1.8%) | Small Cap | 2,150 | 19.3 | 3.8 | 10.3 | 1.4 |
| Sakuma Exports | 2.8 | -0.1 (-1.7%) | Small Cap | 1,874 | 0.1 | 0.5 | 34.5 | 0.9 |
| Honasa Consumer | 209.5 | -5.1 (-2.4%) | Small Cap | 1,764 | 2.1 | 6.4 | 102.3 | 5.9 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 0 | 0.29 | 14.70 | 22.06 |
| Operating Expenses ⓘ | 0 | 0.28 | 13.71 | 19.96 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0.27 | 13.05 | 19.41 |
| Employee Cost | 0 | 0 | 0.06 | 0.22 |
| Other Costs ⓘ | 0 | 0 | 0.60 | 0.33 |
| Operating Profit ⓘ | 0 | 0.01 | 0.99 | 2.10 |
| Operating Profit Margin (%) | - | 4.7% | 6.8% | 9.5% |
| Other Income ⓘ | 0.01 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0.02 | 0.07 |
| Depreciation ⓘ | 0 | 0 | 0.03 | 0.09 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0.01 | 0.95 | 1.94 |
| Tax ⓘ | 0 | 0 | 0.25 | 0.56 |
| Profit After Tax | 0 | 0.01 | 0.69 | 1.38 |
| PAT Margin (%) | - | 3.5% | 4.7% | 6.3% |
| Adjusted EPS (₹) | 0.1 | 0.2 | 9.1 | 18.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.01 | 0.02 | 1.76 | 3.15 | ||||||
| Share Capital ⓘ | 0.01 | 0.01 | 0.77 | 0.77 | ||||||
| Reserves ⓘ | 0 | 0.01 | 1 | 2.38 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 0 | 0.30 | 0 | 0.72 | ||||||
| Long Term Debt | 0 | 0 | 0 | 0 | ||||||
| Short Term Debt | 0 | 0.30 | 0 | 0.72 | ||||||
| Trade Payables | 0 | 0.25 | 1.45 | 0.39 | ||||||
| Others Liabilities ⓘ | 0 | 0.01 | 0.25 | 0.59 | ||||||
| Total Liabilities ⓘ | 0.01 | 0.58 | 3.47 | 4.84 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0.03 | 0.21 | 1.07 | ||||||
| Accumulated Depreciation | 0 | 0 | 0.03 | 0.12 | ||||||
| Net Fixed Assetsⓘ | 0 | 0.03 | 0.18 | 0.95 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 0 | 0.62 | 0.45 | ||||||
| Trade Receivables | 0 | 0.26 | 2.11 | 3.06 | ||||||
| Cash Equivalents | 0.01 | 0.14 | 0.34 | 0.26 | ||||||
| Others Assetsⓘ | 0 | 0.15 | 0.22 | 0.12 | ||||||
| Total Assets ⓘ | 0.01 | 0.58 | 3.47 | 4.84 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -0.14 | -0.36 | 0.11 |
| PBT ⓘ | 0 | 0.01 | 0.95 | 1.94 |
| Adjustment ⓘ | 0 | 0 | 0.05 | 0.13 |
| Changes in Working Capital ⓘ | -0 | -0.15 | -1.1 | -1.4 |
| Tax Paid ⓘ | 0 | 0 | -0.25 | -0.56 |
| Cash Flow From Investing Activity ⓘ | 0 | -0.03 | -0.18 | -0.87 |
| Capex | 0 | -0.03 | -0.18 | -0.87 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0.30 | 0.73 | 0.68 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1.05 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -0.30 | 0 |
| Interest Paid ⓘ | 0 | 0 | -0.02 | -0.04 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.30 | 0 | 0.72 |
| Net Cash Flow ⓘ | 0 | 0.13 | 0.20 | -0.08 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 71.43 | 88.6 | 77.96 | 56.27 | ||||||
| ROCE (%) | 71.43 | 8.36 | 92.73 | 71.44 | ||||||
| Asset Turnover Ratio | 0 | 0.99 | 7.27 | 5.31 | ||||||
| PAT to CFO Conversion(x) | N/A | -14 | -0.52 | 0.08 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 326 | 29 | 43 | ||||||
| Inventory Days | 0 | 0 | 15 | 9 | ||||||
| Payable Days | 0 | 171 | 24 | 17 | ||||||
Avax Apparels and Ornaments Limited was originally incorporated on June 2, 2005 as a private limited Company under the name and style of ‘Ethnic Designers Private Limited’ under the provisions of Companies Act, 1956 with the Registrar of Companies, NCT of Delhi & Haryana. Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on September 06, 2021 the Object of the Company was changed vide a fresh Certificate of Incorporation dated October 4, 2021 issued by Registrar of Companies, NCT of Delhi & Haryana. Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on September 6, 2021 the name of the Company was changed to Avax Soft Technologies Private Limited vide a fresh Certificate of Incorporation dated October 11,2021 issued by Registrar of Companies, NCT of Delhi & Haryana. Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on November 09, 2022 the company was converted into a Public Limited Company and the name of the Company was changed to Avax Soft Technologies Limited vide a fresh Certificate of Incorporation dated November 18, 2022 issued by Registrar of Companies, NCT of Delhi & Haryana. Further pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on May 08, 2023 the name of the Company was changed to Avax Apparels and Ornaments Limited vide a fresh Certificate of Incorporation dated June 15, 2023 issued by Registrar of Companies, NCT of Delhi & Haryana.
Avax Apparels and Ornaments is engaged in two distinct lines of business i.e Wholesale trading and Online retail of silver ornaments. The company operates in the wholesale trading of knitted cloth. They directly buy from manufacturers and supply wholesale to companies and readymade garment manufacturers in Punjab. The company specializes in knitted cloth, which is used for manufacturing of ladies and gents’ jackets. The company's key advantages in wholesale trading include a geographical advantage, being located in the hub of cloth manufacturing. Additionally, the growing demand for these products and the strong business relationships of the management also contribute to the company's success in this segment. The company has recently purchased machinery for manufacturing of knitted cloth. The company is going to start manufacturing very soon, a step towards backward integration. It aims to manufacture what it has been outsourcing till now. This would increase its profit margins going forward. Also it expects, this would allow it to get work which has less credit period involved thereby reducing its high working capital requirements.
Also, the company operates in the business of online retail of silver ornaments. It offers a wide range of designs and articles with a choice of weight of products, such as silver rings, silver ladies pajeb, silver gents kada, silver plate set, silver glass, silver bangles, silver bowls, silver chains, and other silver jewellery. They are capable of supplying in all major cities across the country. The company's key advantages in this business include operating in the affordable silver ornaments sector, an increase in demand for silver ornaments in Indian markets, the ability to replicate gold jewellery designs in silver, and access to exclusive Punjabi ethnic designs.
Business area of the company
The company operates within two distinct business segments, namely, the wholesale trading of knitted cloth, and the online retail of silver ornaments. The company’s wholesale trading business specializes in sourcing and supplying knitted cloth. The company’s online retail offers a wide variety of silver jewellery items including necklaces, bracelets, earrings, and rings.
Products of the company
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
100% Secure Process
Account Discovery
- OTP from CAMS
Account Linking for Stocks & MF
- One OTP per link Eg. NSDL, CDSL, CAMS, KFin etc.
One Click Upload for your Current Portfolio and Future Transactions!
Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
