---
title: "Avax Apparels and Ornaments Ltd (544337) — Share Price, Financials & Analysis"
symbol: "544337"
company: "Avax Apparels and Ornaments Ltd"
canonical: "https://tapetide.com/stocks/544337"
isin: "INE0NQ401016"
bse_code: "544337"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
market_cap_cr: 27.7
generated_at: "2026-09-13T19:14:19.273Z"
---

# Avax Apparels and Ornaments Ltd (544337)

Canonical page: https://tapetide.com/stocks/544337

## Company

- **BSE Code:** 544337
- **ISIN:** INE0NQ401016
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-14
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** avaxapparels.com

## About

Incorporated in 2005, Avax Apparels and Ornaments Ltd deals in wearing apparels and silver ornaments.[1]

## Latest Price

- **Price:** ₹31.64
- **Change:** -1.66 (-4.98%)
- **Open:** ₹31.64
- **Day High:** ₹31.64
- **Day Low:** ₹31.64
- **Previous Close:** ₹33.3
- **Volume:** 5000
- **As Of:** 2026-09-11T11:05:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:47.604512Z.

- **Market Cap:** ₹27.7 Cr
- **Classification:** SME
- **P/E (reported):** 9.3
- **Book Value:** ₹11.52
- **Price to Book:** 2.89
- **Dividend Yield:** 0%
- **ROE:** 30.98%
- **ROCE:** 45.83%
- **Debt to Equity:** 0.43
- **Revenue (yearly):** ₹41.5 Cr
- **Net Income:** ₹3 Cr
- **EBITDA:** ₹4.8 Cr
- **52-Week High:** ₹55.4
- **52-Week Low:** ₹13.81
- **RSI (14):** 24.7

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 38.7%
- Promoter holding has increased by 10.0% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -380.77% | — | — |
| ebitda margin growth | 43.75% | 20.8% | 145.73% |
| net income growth | 87.5% | 63% | — |
| revenue growth | 20.29% | 41% | 168.03% |
| roce | 24.44% | -28.15% | 56.29% |
| roe | 25.48% | 33.2% | -49.39% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 15.01 | 19.35 | 20.2 | 21.33 |
| Expenses | 13.56 | 18.14 | 18.17 | 18.58 |
| Operating Profit | 1.45 | 1.21 | 2.03 | 2.75 |
| OPM % | 9.66 | 6.25 | 10.05 | 12.89 |
| Other Income | 0 | 0.1 | 0 | 0 |
| Interest | 0.05 | 0.11 | 0.09 | 0.19 |
| Depreciation | 0.14 | 0.18 | 0.28 | 0.11 |
| Profit before tax | 1.26 | 1.02 | 1.66 | 2.45 |
| Tax % | 27.78 | 28.43 | 27.71 | 27.76 |
| Net Profit | 0.91 | 0.73 | 1.2 | 1.77 |
| EPS in Rs | 1.47 | 0.87 | 1.43 | 2.13 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0.29 | 14.7 | 22.06 | 34.36 | 41.53 |
| Expenses | 0 | 0 | 0.01 | 0.28 | 13.71 | 19.96 | 31.7 | 36.75 |
| Operating Profit | 0 | 0 | -0.01 | 0.01 | 0.99 | 2.1 | 2.66 | 4.78 |
| OPM % | — | — | — | 3.45 | 6.73 | 9.52 | 7.74 | 11.51 |
| Other Income | 0 | 0 | 0.01 | 0 | 0 | 0 | 0.1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0.02 | 0.07 | 0.16 | 0.28 |
| Depreciation | 0 | 0 | 0 | 0 | 0.03 | 0.09 | 0.32 | 0.39 |
| Profit before tax | 0 | 0 | 0 | 0.01 | 0.94 | 1.94 | 2.28 | 4.11 |
| Tax % | — | — | — | 0 | 26.6 | 28.87 | 28.51 | 27.74 |
| Net Profit | 0 | 0 | 0 | 0.01 | 0.69 | 1.38 | 1.63 | 2.97 |
| EPS in Rs | 0 | 0 | 0 | 0.12 | 1.11 | 2.23 | 1.94 | 3.58 |
| Dividend Payout % | — | — | — | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.77 | 0.77 | 1.04 | 1.04 |
| Reserves | -0.01 | -0.01 | 0 | 0.01 | 1 | 2.38 | 5.57 | 8.54 |
| Borrowings | 0 | 0 | 0 | 0.3 | 0 | 0.72 | 0.66 | 4.11 |
| Other Liabilities | 0.02 | 0.01 | 0 | 0.26 | 1.69 | 0.97 | 2.02 | 0.83 |
| Total Liabilities | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 | 14.52 |
| Fixed Assets | 0 | 0 | 0 | 0.03 | 0.18 | 0.95 | 1.83 | 1.73 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.01 | 0 | 0.01 | 0.55 | 3.28 | 3.89 | 7.46 | 12.79 |
| Total Assets | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 | 14.52 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 0 | 0 | -0.14 | -0.36 | 0.1 | -0.52 | -2.5 |
| Cash from Investing Activity | — | 0 | 0 | -0.03 | -0.18 | -0.87 | -1.2 | -0.29 |
| Cash from Financing Activity | — | 0 | 0 | 0.3 | 0.73 | 0.69 | 1.63 | 3.19 |
| Net Cash Flow | — | 0 | 0 | 0.13 | 0.2 | -0.08 | -0.09 | 0.4 |
| Free Cash Flow | — | 0 | 0 | -0.17 | -0.54 | -0.77 | -1.72 | -2.79 |
| CFO/OP | — | — | 0 | -1400 | -11 | 17 | 10 | -34 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | 327.24 | 52.39 | 50.63 | 71.7 | 47.02 |
| Inventory Days | — | — | — | 0 | 17.34 | 8.46 | 4.43 | 30.38 |
| Days Payable | — | — | — | — | 40.56 | 7.33 | 17.01 | 0 |
| Cash Conversion Cycle | — | — | — | 327.24 | 29.18 | 51.76 | 59.13 | 77.4 |
| Working Capital Days | — | — | — | -314.66 | 28.06 | 31.77 | 48.65 | 63.37 |
| ROCE % | — | — | 0 | 6.06 | 91.87 | 71.28 | 43.81 | 41.89 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 57% | 41.97% | 41.97% | 51.98% | 51.98% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 40.22% | 38.11% | 41.28% | 41.28% |
| Others | 43% | 17.8% | 19.92% | 6.74% | 6.74% |
| No. of Shareholders | 7 | 51 | 58 | 83 | 83 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 36.19 | Sell |
| EMA (10) | 36.7 | Sell |
| SMA (20) | 42.63 | Sell |
| EMA (20) | 40.52 | Sell |
| SMA (50) | 47.44 | Sell |
| EMA (50) | 44.68 | Sell |
| SMA (100) | 46.78 | Sell |
| EMA (100) | 43.43 | Sell |
| SMA (200) | 34.62 | Sell |
| EMA (200) | 35.07 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 22.74 | Buy |
| MACD (12,26,9) | -4.39 | Sell |
| Stochastic (14,3,3) | 1.84 | Buy |
| ADX (14) | 38.43 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 2.51 | High Volatility |
| ROC (12) | -32.52 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 33.6 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - CRISIL monitoring reports for Sammaan: Rights net Rs36,134.68m (Rs303.64m unutilized); QIP net Rs12,648.9m | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 9 Feb - CRISIL monitoring reports for Sammaan: Rights net Rs36,134.68m (Rs303.64m unutilized); QIP net Rs12,648.9m](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9bdc5577-79da-46d1-9109-4c1aac09a62d.pdf) |
| 8h - Timely monthly interest paid on nine secured NCDs totaling INR 58.23 lacs on 01/03/2026. | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 8h - Timely monthly interest paid on nine secured NCDs totaling INR 58.23 lacs on 01/03/2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5cd759f1-080a-4ec6-a9de-b86301299ed9.pdf) |
| 8h - Paid timely interest on two secured NCDs INE148I07LD0 and INE148I07LE8; amounts 0.00647 and 6.94826 lakh. | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 8h - Paid timely interest on two secured NCDs INE148I07LD0 and INE148I07LE8; amounts 0.00647 and 6.94826 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f3043a7-02ff-492c-a5f5-2a150cbeecd8.pdf) |
| 7 Jul - Quarter ended June 30, 2026 investor complaints statement shows nil complaints pending or received. | [Statement Of Grievance Redressal Mechanism As Per Regulation 13(3) Of The SEBI (LODR) Regulations, 2015 For The Quarter Ended June 30, 2026 7 Jul - Quarter ended June 30, 2026 investor complaints statement shows nil complaints pending or received.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3217b1a-c147-4934-a723-82b5a163640b.pdf) |
| 7 Jul - Certificate in pursuance to Reg. 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended June 30, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jul - Certificate in pursuance to Reg. 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended June 30, 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c484608-ba0f-4e37-a43d-49769ea7640b.pdf) |
| 6 Feb - Timely interest paid on seven secured NCDs; payments dated 06/02/2026, amounts listed. | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 6 Feb - Timely interest paid on seven secured NCDs; payments dated 06/02/2026, amounts listed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/229046cd-bbec-45e8-8803-81d17ac8c8fb.pdf) |
| 6 Feb - Paid INR 149.35022 lacs interest on NCD INE148I07YI2 on 06-02-2026. | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 6 Feb - Paid INR 149.35022 lacs interest on NCD INE148I07YI2 on 06-02-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be4f045a-72cb-4554-bd16-086e036e5668.pdf) |
| 6 Apr - Quarter and year ended March 31, 2026 grievance redressal report shows nil complaints. | [Statement Of Grievance Redressal Mechanism As Per Regulation 13(3) Of The SEBI (LODR) Regulations, 2015 For The Quarter And Year Ended March 31, 2026 6 Apr - Quarter and year ended March 31, 2026 grievance redressal report shows nil complaints.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5394361-a2a1-4561-9fc7-069c297c12e0.pdf) |
| 6 Apr - Quarter and year ended March 31, 2026 grievance redressal report shows nil complaints. | [Statement Of Grievance Redressal Mechanism As Per Regulation 13(3) Of The SEBI (LODR) Regulations, 2015 For The Quarter And Year Ended March 31, 2026 6 Apr - Quarter and year ended March 31, 2026 grievance redressal report shows nil complaints.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5394361-a2a1-4561-9fc7-069c297c12e0.pdf) |
| 6 Apr - Promoters disclosed 51.98% holding as of March 31, 2026, with no share encumbrance. | [Disclosures Under Regulation 31(4) & (5) Of SEBI (SAST) Regulations, 2011 For The Year Ended March 31, 2026 6 Apr - Promoters disclosed 51.98% holding as of March 31, 2026, with no share encumbrance.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b01b15ab-2108-4850-8c99-50b1404b3f3e.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-03-21 | [Intimation Of New ISIN Of Equity Shares Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b57f603-a4c5-40af-b935-45075703df40.pdf) |
| 2026-03-16 | [Intimation Of Record Date For Stock Split/ Sub-Division Of Shares As Per Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Of Avax Apparels And Ornaments Limited ("The Company")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56562a7a-c96c-4324-97cb-4f922892bdae.pdf) |
| 2026-03-13 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=018efb08-4c42-4071-bc9a-4ee01ffd164f.pdf) |
| 2026-03-13 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2bb570b-05da-4a52-900d-b36ca2d4affe.pdf) |
| 2026-03-13 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df952e05-67a1-4fcc-8da7-662efc88684d.pdf) |
| 2026-03-13 | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a392346a-d660-4519-8b0e-947c76c6c69f.pdf) |
| 2026-02-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69dcc6ed-25ce-43b1-b4c9-5c2a36cfd2aa.pdf) |
| 2026-02-17 | [Board Meeting Outcome for Output Of Meeting Of The Board Of Director Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=153661c4-ba4b-4a75-917e-02bab0a0c5ba.pdf) |
| 2026-02-17 | [Output Of Meeting Of The Board Of Director Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4cad937e-4dc2-4513-a8fa-45302cbe2533.pdf) |
| 2026-02-17 | [Notice Of 03Rd Extra-Ordinary General Meeting (EGM) E-Voting Period And Cut-Off Date For The Purpose Of E-Voting Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c596599-a91d-4774-af6c-d2a3fc32c5bb.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-11-12 | [The Standalone Unaudited Financial Statement For The Half Year Ended As On 30Th September 2025 With Limited Review Report Thereon](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8e72d42-7a9c-4250-ae31-c1bbec22d8a5.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcddb86d-758c-4da3-91d3-1c1a96a13814.pdf) |
| Sep 2018 | [Concall - Sep 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/9/b846cb99-31a3-40c3-80d0-b1dfc44916c7.pdf) |
| Sep 2017 | [Concall - Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/01803b87-2d42-46c6-8c03-a784d3e54d15.PDF) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a05f6663-2e17-4216-a425-99111d25565d.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f85d8c3-f2ca-4f1f-91aa-a28b706406a6.pdf) |
| Oct 2017 | [Concall - Oct 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/10/38152341-e2fa-4749-b2b6-6ba421a62665.pdf) |
| Oct 2017 | [Concall - Oct 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/10/fd1937db-6580-4d29-a690-b86d52b3a17e.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/912c6495-d3a7-4a72-bccb-f97100fc87ed.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30ac82e6-f581-4bea-a213-29c6a1842bb2.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f52fd9ca-0d69-4ddd-95fe-4192e82120de.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_2210_IBULHSGFIN_2012_2013_03102013180932.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4871e788-2ba9-4fea-ba90-2f9c70e284c9.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a7d2d4e-80de-4af6-8f09-362305ab1c92.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62451d3c-e5e9-4061-979d-f56a8a77be28.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8953b7b8-8ec5-4f38-8590-d75a3864cb77.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/535789/75570535789.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/535789/68780535789.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/535789/5357890320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/535789/5357890319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/535789/5357890318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:14:19.273Z.