Avax Apparels and Ornaments Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Avax Apparels and Ornaments Ltd trades at ₹165, in a confirmed uptrend and 21 weeks into that stage. That is +78.0% against its own 200-day average. It sits at 100% of a 52-week range of ₹53 to ₹165. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 25 straight weeks.

Today the stock is in a confirmed uptrend — week 21 of stage 2, confirmed. At ₹165 it trades +78.0% versus its 200-day average and sits at 100% of its 52-week range (₹53–₹165).

Against the market, two honest reads. Cumulative: over the last 1.2 years the stock moved +162% while the NIFTY 500 moved −2% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 25 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Avax Apparels and Ornaments Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Avax Apparels and Ornaments Ltd at 1.0× its FY25 revenue of ₹34.4 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −13.0% against a +182.1% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Avax Apparels and Ornaments Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

55.4/100 — rank 1 of 1 in Textiles - Garments · 33% evidence confidence · provisional, ranked below fully-evidenced peers

Avax Apparels and Ornaments Ltd scores 55.4 out of 100 against the 1 companies it is compared with in Textiles - Garments, ranking 1. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 15.3 + 17.6 + 10 + 12.5 = 55.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Avax Apparels and Ornaments Ltd reported ₹20.2 Cr of revenue in the Sep 25 quarter, +34.6% year on year. The last full year, FY25, came in at ₹34.4 Cr. The last four reported quarters add to ₹57.1 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY25 revenue came in at ₹34.4 Cr (+55.8% on the year). The latest quarter (Sep 25) printed ₹20.2 Cr, +34.6% year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Avax Apparels and Ornaments Ltd's operating margin is 10.1% in the Sep 25 quarter, +0.4 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 3.5% to 9.5%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 10.1%, +0.4 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 3.5%–9.5%.

Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Avax Apparels and Ornaments Ltd earned ₹1.2 Cr of net profit in the Sep 25 quarter, +31.9% year on year. Full-year FY25 profit was ₹1.6 Cr. That is 5.9% of the quarter's revenue.

Sep 25 profit was ₹1.2 Cr, +31.9% year on year. On the full year, FY25 printed ₹1.6 Cr (+18.1%).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −22% of Avax Apparels and Ornaments Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−0.6 Cr of operating cash against ₹1.6 Cr of profit. After ₹1.0 Cr of capital spending, ₹−2.0 Cr was left as free cash.

FY25: operating cash of ₹−0.6 Cr against reported profit of ₹1.6 Cr, leaving free cash of ₹−2.0 Cr after ₹1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −22% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −22%: the cash cycle tightened 268 days between FY22 and FY25 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Avax Apparels and Ornaments Ltd's cash conversion cycle runs 59 days in FY25, down from 327 days in FY22. Capital spending ran ₹2.0 Cr over the last 3 years. At FY25 sales of ₹34.4 Cr each day of that cycle holds about ₹0.1 Cr, so roughly ₹6.0 Cr sits inside the business at any moment.

FY25: debtors at 72 days, inventory at 4 days — roughly 0.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 59 days, tighter than FY22's 327.

The full loop: cash goes out to suppliers and production on day 0; stock waits 4 days to sell; customers pay about 72 days after that; and suppliers themselves are paid at 17 days — netting out to the 59-day cycle.

In money terms: at FY25 sales of ₹34.4 Cr, each day of the cycle holds about ₹0.1 Cr — so the 59-day loop keeps roughly ₹6.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹2.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Avax Apparels and Ornaments Ltd earns a ROCE of 44% in FY25. That is up from a trough of 0% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 4.7% net margin on 3.70× asset turns.

FY25 ROCE is 44%, recovered from a FY21 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 4.7% net margin × 3.70× asset turns × 1.41× balance-sheet leverage ≈ 24.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Avax Apparels and Ornaments Ltd carries ₹0.7 Cr of borrowings against ₹6.6 Cr of equity in FY25, a debt-to-equity of 0.10. Operating profit covers the interest bill 17×. Over 5 years borrowings went from ₹0.0 Cr to ₹0.7 Cr. Capital spending ran ₹2.0 Cr across the last 3 of those years.

FY25: borrowings of ₹0.7 Cr against equity of ₹6.6 Cr — a debt-to-equity of 0.10. Operating profit covers the interest bill 17×. Over 5 years borrowings went from ₹0.0 Cr to ₹0.7 Cr while capital spending ran ₹2.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Avax Apparels and Ornaments Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Avax Apparels and Ornaments Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions