Next Big Thing Share Could Soar 37%Avro India Limited (formerly known as Avon Moldplast Limited) is a plastic furniture manufacturing company headquartered in Ghaziabad, Uttar Pradesh, India. The company was founded in 2002 and has since grown to become one of the leading plastic furniture manufacturers in India.
Avro India's products are sold under the brand names Avon and Avro. The company's product range includes a wide variety of plastic furniture, such as chairs, tables, sofas, beds, and cupboards. Avro India's products are made from high-quality plastic and are designed to be durable and comfortable.
The company has a strong focus on innovation and is constantly developing new products. Avro India is also committed to social responsibility and has a number of initiatives in place to help the environment.
In the financial year 2022-23, Avro India's revenue was ₹80.01 crore and its net profit was ₹4.15 crore. The company's share price is currently ₹124.90.
Avro India is well-positioned for future growth. The company is benefiting from the growing demand for plastic furniture in India. Avro India is also expanding its product range and entering new markets.
Here are some of the key facts about Avro India Limited:
* Market capitalization: ₹126.09 crore
* Revenue (TTM): ₹80.01 crore
* Earnings (TTM): ₹4.15 crore
* Cash: ₹1.59 crore
* Total debt: ₹7.68 crore
* Promoters' ownership: 70.37%
* Liquidity: High
* 52-week range: ₹95.55 - 169.45
* Face value: ₹10.00
* Shares outstanding: 1,00,87,400
* CFO: ₹6.86 crore
* EBITDA: ₹21.68 crore
* Net profit: ₹7.85 crore
SPOT SHARE PRICE OF 114 CAN ADD DIPS TOWARDS 104 WITH SL OF 96 FOR A TARGET PRICE OF 37 PERCENT HIGHER OR EVEN MORE FROM HERE
Avro India Limited is a well-managed company with a strong track record of growth. The company is well-positioned for future growth and is a good investment for investors looking for exposure to the plastic furniture market in India.
