---
title: "Avery India Ltd (AVERY) — Share Price, Financials & Analysis"
symbol: "AVERY"
company: "Avery India Ltd"
canonical: "https://tapetide.com/stocks/AVERY"
generated_at: "2026-10-13T11:00:43.259Z"
---

# Avery India Ltd (AVERY)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** averyindia.co.in

## About

Avery India is a part of the global company Avery Weigh-Tronix and has been supplying and servicing weighing solutions to customers since 1911. As the leading electronic scale manufacturer in India, it manufactures world-class industrial weighing products to meet its customers needs.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of 10.5% over last 3 years.
- Earnings include an other income of Rs.8.97 Cr.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 11% | 3% |
| revenue growth | 6% | -2% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 480 | 557 | 520 | 513 | 593 | 620 | 629 | 644 | 702 | 633 | 752 | 662 |
| Expenses | 393 | 426 | 418 | 431 | 508 | 504 | 532 | 552 | 592 | 521 | 628 | 570 |
| Operating Profit | 88 | 130 | 102 | 82 | 84 | 116 | 97 | 92 | 110 | 112 | 124 | 93 |
| OPM % | 18 | 23 | 20 | 16 | 14 | 19 | 15 | 14 | 16 | 18 | 16 | 14 |
| Other Income | 6 | 14 | 17 | 25 | 24 | 30 | 35 | 6 | 29 | 39 | 21 | 28 |
| Interest | 7 | 11 | 10 | 9 | 9 | 11 | 14 | 12 | 18 | 14 | 14 | 15 |
| Depreciation | 18 | 16 | 17 | 17 | 18 | 24 | 25 | 29 | 30 | 29 | 30 | 32 |
| Profit before tax | 68 | 118 | 92 | 81 | 81 | 111 | 93 | 58 | 92 | 108 | 101 | 74 |
| Tax % | 26 | 23 | 24 | 24 | 29 | 24 | 23 | 28 | 27 | 23 | 22 | 27 |
| Net Profit | 50 | 91 | 70 | 61 | 57 | 84 | 71 | 41 | 66 | 82 | 79 | 54 |
| EPS in Rs | 21.43 | 37.05 | 28.73 | 25.39 | 23.9 | 35.04 | 30.5 | 17.91 | 29.1 | 35.02 | 33.8 | 23.46 |

### Profit & Loss

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 71 | 82 | 79 | 95 | 91 | 82 | 80 | 85 |
| Expenses | 63 | 75 | 71 | 77 | 74 | 66 | 63 | 64 |
| Operating Profit | 8 | 7 | 8 | 18 | 17 | 16 | 18 | 21 |
| OPM % | 11 | 8 | 10 | 19 | 19 | 20 | 22 | 24 |
| Other Income | 3 | 5 | 6 | 8 | 9 | 14 | 9 | 9 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 10 | 10 | 13 | 25 | 25 | 28 | 25 | 28 |
| Tax % | 36 | 38 | 38 | 33 | 32 | 34 | 34 | 35 |
| Net Profit | 6 | 6 | 8 | 16 | 17 | 19 | 16 | 18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 36 | 42 | 50 | 104 | 121 | 139 | 155 | 174 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 27 | 29 | 16 | 19 | 22 | 20 | 21 | 22 |
| Total Liabilities | 73 | 80 | 75 | 133 | 152 | 169 | 186 | 206 |
| Fixed Assets | 4 | 5 | 6 | 7 | 7 | 7 | 6 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 5 | 4 | 2 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 63 | 70 | 67 | 125 | 144 | 162 | 180 | 199 |
| Total Assets | 73 | 80 | 75 | 133 | 152 | 169 | 186 | 206 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -7 | 8 | 6 | 13 | 10 | 7 | 10 | 11 |
| Cash from Investing Activity | 2 | 0 | 3 | 5 | 6 | 13 | 7 | 7 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -6 | 7 | 10 | 18 | 15 | 20 | 17 | 18 |
| Free Cash Flow | -8 | 6 | 5 | 11 | 7 | 10 | 9 | 10 |
| CFO/OP | -57 | 187 | 116 | 111 | 109 | 97 | 103 | 92 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 78 | 50 | 45 | 44 | 47 | 48 | 51 | 53 |
| Inventory Days | 152 | 91 | 111 | 83 | 101 | 95 | 113 | 116 |
| Days Payable | 166 | 105 | 109 | 81 | 107 | 107 | 116 | 123 |
| Cash Conversion Cycle | 64 | 36 | 47 | 46 | 41 | 36 | 48 | 47 |
| Working Capital Days | 72 | 57 | 63 | 24 | 24 | 26 | 24 | 28 |
| ROCE % | — | 22 | 22 | — | 20 | 17 | 16 | 16 |

## Shareholding Pattern

### annual

| Category | Feb 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 76.03% | 75% | 73.12% | 73.26% | 74.68% | 74.68% | 74.68% | 74.61% | 74.61% | 74.74% | 74.74% |
| FIIs | 0% | 1.37% | 1.58% | 1.59% | 0% | 0.04% | 0.68% | 0.77% | 0.63% | 0.39% | 0.44% |
| DIIs | 2.08% | 4.2% | 3.72% | 3.18% | 3.66% | 3.24% | 3.61% | 4.53% | 3.97% | 7.02% | 7% |
| Public | 21.9% | 19.43% | 21.58% | 21.97% | 21.66% | 22.05% | 21.04% | 20.08% | 20.77% | 17.83% | 17.82% |
| No. of Shareholders | 12246 | 10488 | 12394 | 11045 | 10286 | 11058 | 11670 | 11460 | 13783 | 60163 | 49559 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.74% | 74.74% | 74.74% | 74.74% | 74.74% | 74.74% |
| FIIs | 0.77% | 0.6% | 0.69% | 0.65% | 0.63% | 0.69% | 0.62% | 0.45% | 0.39% | 0.48% | 0.51% | 0.44% |
| DIIs | 4.53% | 4.1% | 4.17% | 4.05% | 3.97% | 6.31% | 6.85% | 6.92% | 7.02% | 6.61% | 6.97% | 7% |
| Public | 20.08% | 20.68% | 20.52% | 20.68% | 20.77% | 18.37% | 17.78% | 17.87% | 17.83% | 18.16% | 17.77% | 17.82% |
| No. of Shareholders | 11460 | 12693 | 12919 | 13185 | 13783 | 14416 | 74905 | 66319 | 60163 | 56049 | 52071 | 49559 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9de46aa-9245-4fb0-a847-04053d985080.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56efb9ce-001e-4435-b3df-06423aa13ad2.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/201ad0b5-9252-40b4-a949-b13ec851f376.pdf) |
| 2026-02-11 | [Results - Unaudited Financial Results For The Quarter/Period Ended 31St December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d23ff13b-85a9-40a5-800c-15413443b206.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cc8362e-743a-4d97-93de-e226d68d3c8b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9efbc661-a0e1-4f8e-b534-31a229af49d4.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64ebeb32-b2a0-418c-8c83-486f86b1f7d3.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d485e24f-77aa-4712-b8f7-4c44c6c923f2.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532804/75471532804.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532804/71181532804.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532804/66024532804.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532804/5328040319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532804/5328040318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532804/5328040317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532804/5328040316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9de46aa-9245-4fb0-a847-04053d985080.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c76e9fd-bf12-40c3-9b2d-d5ed161bfa52.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2909a732-a9ce-4c95-9bb6-516ab2914dfa.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5335cef1-d7ee-4524-aad6-2b44ca287665.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/686d3537-fdb2-4de0-8891-a33d340f7d86.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11389c5b-2dcc-48ae-baba-404816526b78.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b4c29b2-1e06-4afe-9d90-372d4d6e7caa.pdf) |
| May 2024 | Concall - May 2024 |
| Feb 2021 | [Concall - Feb 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/353c5840-5549-450a-9b78-66340f601c12.pdf) |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb05bb87-ca61-443c-af2d-dc1950a9b917.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-03-04 | Credit rating update — CRISIL |
| 2023-12-08 | Credit rating update — CRISIL |
| 2022-09-13 | Credit rating update — CRISIL |
| 2021-06-25 | Credit rating update — CRISIL |
| 2020-03-31 | Credit rating update — CRISIL |
| 2019-06-12 | Credit rating update — CRISIL |

---

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 2026-10-13T11:00:43.259Z.