Income Statement AVAX APPAPAR Bombay S.E.

Stocks

544337

INE0NQ401016

Textiles & Leather Goods

Market Closed - Bombay S.E. 06:02:27 2026-09-21 EDT			5-day change	1st Jan Change
32.35 ^INR	-4.43%		+6.98%	+21.30%

08-24	Avax Apparels And Ornaments Limited has Changed its Name to Avax Limited	CI
05-25	Avax Apparels and Ornaments Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

26e420d8d036a16771fa2f2f449.mrraLGEo4RbRh9H2YPoRplvYdkQ9LUc-FoihjXhMGY4.zt2FbgZjmHKr8oDEGc5Gxy2rP3deYj1Hb7qY-icGb7vw0pgbOGSgRoDr6Q

Published financial data: AVAX APPAPAR

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	2.89M	147M	221M	344M	415M
Other Revenues, Total	-	-	-	-	-
Total Revenues	2.89M	147M	221M	344M	415M
Cost of Goods Sold, Total	2.72M	130M	194M	305M	358M
Gross Profit	170K	16.54M	26.53M	38.18M	57.4M
Selling General & Admin Expenses, Total	10K	4.77M	4.81M	7.39M	6.82M
Depreciation & Amortization - (IS)	-	275K	935K	3.24M	3.89M
Other Operating Expenses	25K	1.85M	712K	3.22M	2.81M
Other Operating Expenses, Total	35K	6.89M	6.46M	13.84M	13.52M
Operating Income	135K	9.65M	20.07M	24.34M	43.89M
Interest Expense, Total	-	-194K	-625K	-1.36M	-2.13M
Interest And Investment Income	-	1K	-	-	-
Net Interest Expenses	-	-193K	-625K	-1.36M	-2.13M
Other Non Operating Income (Expenses)	-1K	0	-38K	-177K	-643K
EBT, Excl. Unusual Items	134K	9.45M	19.41M	22.8M	41.12M
EBT, Incl. Unusual Items	134K	9.45M	19.41M	22.8M	41.12M
Income Tax Expense	33K	2.51M	5.59M	6.48M	11.44M
Earnings From Continuing Operations	101K	6.94M	13.82M	16.32M	29.67M
Net Income to Company	101K	6.94M	13.82M	16.32M	29.67M
Net Income - (IS)	101K	6.94M	13.82M	16.32M	29.67M
Net Income to Common Incl Extra Items	101K	6.94M	13.82M	16.32M	29.67M
Net Income to Common Excl. Extra Items	101K	6.94M	13.82M	16.32M	29.67M
Per Share Items
Net EPS - Basic	0.02	1.13	2.26	2.47	14.28
Basic EPS - Continuing Operations	0.02	1.13	2.26	2.47	14.28
Basic Weighted Average Shares Outstanding	4.15M	6.12M	6.12M	6.6M	2.08M
Net EPS - Diluted	0.02	1.13	2.26	2.47	14.28
Diluted EPS - Continuing Operations	0.02	1.13	2.26	2.47	14.28
Diluted Weighted Average Shares Outstanding	4.15M	6.12M	6.12M	6.6M	2.08M
Normalized Basic EPS	0.02	0.97	1.98	2.16	12.36
Normalized Diluted EPS	0.02	0.97	1.98	2.16	12.36
Supplemental Items
EBITDA	-	9.91M	20.99M	27.56M	47.75M
EBITA	135K	9.65M	20.07M	24.34M	43.89M
EBIT	135K	9.65M	20.07M	24.34M	43.89M
EBITDAR	-	10.49M	22.09M	28.03M	48.22M
Total Revenues (As Reported)	2.89M	147M	221M	345M	415M
Effective Tax Rate - (Ratio)	24.63	26.55	28.8	28.44	27.83
Current Domestic Taxes	-	2.54M	5.62M	6.77M	11.69M
Total Current Taxes	30K	2.54M	5.62M	6.77M	11.69M
Deferred Domestic Taxes	-	-28K	-28K	-285K	-250K
Total Deferred Taxes	3K	-28K	-28K	-285K	-250K
Normalized Net Income	83.75K	5.91M	12.13M	14.25M	25.7M
Supplemental Operating Expense Items
Advertising Expense	1K	801K	8K	128K	60K
Selling and Marketing Expenses	1K	801K	8K	128K	60K
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	9K	581K	1.1M	468K	473K
Imputed Operating Lease Interest Expense	-	-	-	739K	338K
Imputed Operating Lease Depreciation	-	-	-	-271K	135K
Maintenance & Repair Expenses, Total	-	-	-	750K	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	1.41M	3.4M	2.6M	1.68M	5.65M
Total Cash And Short Term Investments	1.41M	3.4M	2.6M	1.68M	5.65M
Accounts Receivable, Total	2.58M	21.09M	30.63M	67.53M	53.55M
Total Receivables	2.58M	21.09M	30.63M	67.53M	53.55M
Inventory	-	6.17M	4.45M	3.66M	29.81M
Prepaid Expenses	-	27K	-	31K	48K
Other Current Assets, Total	541K	998K	1.22M	1.35M	38.24M
Total Current Assets	4.53M	31.69M	38.89M	74.25M	127M
Gross Property Plant And Equipment	258K	1.99M	10.64M	22.63M	25.12M
Accumulated Depreciation	-	-265K	-1.18M	-4.4M	-8.24M
Net Property Plant And Equipment	258K	1.73M	9.46M	18.23M	16.88M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	-	47K	29K	45K	451K
Deferred Tax Assets Long-Term	-	25K	53K	338K	588K
Other Long-Term Assets, Total	975K	1.2M	21K	22K	38K
Total Assets	5.77M	34.69M	48.46M	92.88M	145M
Liabilities
Accounts Payable, Total	2.55M	14.48M	3.91M	14.15M	12K
Accrued Expenses, Total	20K	28K	256K	1.33M	962K
Short-term Borrowings	3M	-	7.15M	6.64M	41.05M
Current Income Taxes Payable	30K	2.54M	5.68M	4.66M	7.41M
Deferred Tax Liability Current	3K	-	-	-	-
Other Current Liabilities	-	-	-	16K	51K
Total Current Liabilities	5.6M	17.04M	16.99M	26.79M	49.48M
Other Non Current Liabilities	-	-	-1K	-	-1K
Total Liabilities	5.6M	17.04M	16.99M	26.79M	49.48M
Common Stock, Total	108K	7.65M	7.65M	10.39M	10.39M
Additional Paid In Capital	402K	-	-	24.58M	24.58M
Retained Earnings	-345K	10M	23.82M	31.12M	60.79M
Total Common Equity	165K	17.65M	31.47M	66.1M	95.77M
Total Equity	165K	17.65M	31.47M	66.1M	95.77M
Total Liabilities And Equity	5.77M	34.69M	48.46M	92.88M	145M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.15M	6.12M	6.12M	8.31M	8.31M
ECS Total Common Shares Outstanding	4.15M	6.12M	6.12M	8.31M	2.08M
Book Value / Share	0.04	2.88	5.14	7.95	46.08
Tangible Book Value	165K	17.6M	31.44M	66.05M	95.32M
Tangible Book Value Per Share	0.04	2.88	5.14	7.95	45.86
Total Debt	3M	0	7.15M	6.64M	41.05M
Net Debt	1.59M	-3.4M	4.55M	4.96M	35.4M
Debt Equivalent Oper. Leases	72K	4.65M	8.78M	3.74M	3.78M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	-	6.17M	4.45M	3.66M	29.81M
Machinery, Total	258K	1.99M	10.64M	22.63M	25.12M
Full Time Employees	8	7	8	8	17

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	101K	6.94M	13.82M	16.32M	29.67M
Depreciation & Amortization - CF	-	264K	917K	3.22M	3.86M
Depreciation & Amortization, Total	-	264K	917K	3.22M	3.86M
Amortization of Deferred Charges, Total - (CF)	-	11K	18K	14K	25K
Other Operating Activities, Total	33K	165K	368K	-291K	5.28M
Change In Accounts Receivable	-2.58M	-18.52M	-9.53M	-36.9M	13.98M
Change In Inventories	-	-6.17M	1.72M	796K	-26.15M
Change In Accounts Payable	2.55M	11.93M	-10.57M	10.24M	-14.14M
Change in Other Net Operating Assets	-1.5M	1.81M	4.36M	924K	-37.54M
Cash from Operations	-1.4M	-3.57M	1.1M	-5.68M	-25.01M
Capital Expenditure	-258K	-1.79M	-8.65M	-12.02M	-2.95M
Other Investing Activities, Total	-	1K	-	-	-
Cash from Investing	-258K	-1.79M	-8.65M	-12.02M	-2.95M
Short Term Debt Issued, Total	3M	-	7.15M	-	34.42M
Total Debt Issued	3M	-	7.15M	-	34.42M
Short Term Debt Repaid, Total	-	-3M	-	-515K	-
Total Debt Repaid	-	-3M	-	-515K	-
Issuance of Common Stock	-	16.56M	-	18.31M	-
Other Financing Activities, Total	-	-6.22M	-395K	-1.02M	-2.48M
Cash from Financing	3M	7.34M	6.76M	16.78M	31.93M
Net Change in Cash	1.34M	1.99M	-802K	-920K	3.98M
Supplemental Items
Cash Interest Paid	-	194K	395K	1.02M	2.48M
Cash Income Tax Paid (Refund)	-	2.54M	5.62M	7.79M	8.94M
Levered Free Cash Flow	-699K	-6.34M	-10.77M	-20.38M	-33.75M
Unlevered Free Cash Flow	-699K	-6.22M	-10.38M	-19.53M	-32.42M
Change In Net Working Capital	525K	10.73M	15.2M	25.97M	60.78M
Net Debt Issued / Repaid	3M	-3M	7.15M	-515K	34.42M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	2.89	29.81	30.17	21.53	23.04
Return on Total Capital	5.23	57.94	44.59	27.33	26.18
Return On Equity %	88.6	77.96	56.27	33.45	36.66
Return on Common Equity	88.6	77.96	56.27	33.45	36.66
Margin Analysis
Gross Profit Margin %	5.89	11.25	12.03	11.11	13.82
SG&A Margin	0.35	3.25	2.18	2.15	1.64
EBITDA Margin %	-	6.74	9.51	8.02	11.5
EBITA Margin %	4.68	6.56	9.1	7.08	10.57
EBIT Margin %	4.68	6.56	9.1	7.08	10.57
Income From Continuing Operations Margin %	3.5	4.72	6.26	4.75	7.14
Net Income Margin %	3.5	4.72	6.26	4.75	7.14
Net Avail. For Common Margin %	3.5	4.72	6.26	4.75	7.14
Normalized Net Income Margin	2.9	4.02	5.5	4.15	6.19
Levered Free Cash Flow Margin	-24.2	-4.31	-4.88	-5.93	-8.13
Unlevered Free Cash Flow Margin	-24.2	-4.23	-4.7	-5.68	-7.81
Asset Turnover
Asset Turnover	0.99	7.27	5.31	4.86	3.49
Fixed Assets Turnover	-	148.06	39.42	24.82	23.66
Receivables Turnover (Average Receivables)	-	12.42	8.53	7	6.86
Inventory Turnover (Average Inventory)	-	-	36.53	75.3	21.39
Short Term Liquidity
Current Ratio	0.81	1.86	2.29	2.77	2.57
Quick Ratio	0.71	1.44	1.96	2.58	1.2
Operating Cash Flow to Current Liabilities	-0.25	-0.21	0.06	-0.21	-0.51
Days Sales Outstanding (Average Receivables)	-	29.39	42.9	52.14	53.2
Days Outstanding Inventory (Average Inventory)	-	-	10.02	4.85	17.06
Average Days Payable Outstanding	-	-	17.49	10.82	6.73
Cash Conversion Cycle (Average Days)	-	-	35.43	46.16	63.54
Long Term Solvency
Total Debt/Equity	1.82K	-	22.72	10.04	42.87
Total Debt / Total Capital	94.79	-	18.51	9.12	30
Total Liabilities / Total Assets	97.14	49.12	35.06	28.84	34.07
EBIT / Interest Expense	-	49.73	32.12	17.88	20.61
EBITDA / Interest Expense	-	51.09	33.58	20.25	22.43
(EBITDA - Capex) / Interest Expense	-	41.85	19.74	11.42	21.04
Total Debt / EBITDA	-	-	0.34	0.24	0.86
Net Debt / EBITDA	-	-0.34	0.22	0.18	0.74
Total Debt / (EBITDA - Capex)	-	-	0.58	0.43	0.92
Net Debt / (EBITDA - Capex)	-	-0.42	0.37	0.32	0.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.56K	4.99K	50.05	55.75	20.88
Gross Profit, 1 Yr. Growth %	233.33	9.63K	60.4	43.92	50.34
EBITDA, 1 Yr. Growth %	-	-	111.77	31.3	79.64
EBITA, 1 Yr. Growth %	206.82	7.05K	108.06	21.25	87.87
EBIT, 1 Yr. Growth %	206.82	7.05K	108.06	21.25	87.87
Earnings From Cont. Operations, 1 Yr. Growth %	124.44	6.78K	99.01	18.08	81.84
Net Income, 1 Yr. Growth %	124.44	6.78K	99.01	18.08	81.84
Normalized Net Income, 1 Yr. Growth %	197.78	6.96K	105.3	17.48	80.31
Diluted EPS Before Extra, 1 Yr. Growth %	124.45	4.56K	99.11	9.48	44.4
Accounts Receivable, 1 Yr. Growth %	-	717.91	45.19	120.5	-20.71
Inventory, 1 Yr. Growth %	-	-	-27.82	-17.87	714.82
Net Property, Plant and Equip., 1 Yr. Growth %	-	569.77	447.63	92.61	-7.37
Total Assets, 1 Yr. Growth %	8.26K	501.61	39.7	91.66	56.38
Tangible Book Value, 1 Yr. Growth %	161.9	10.57K	78.61	110.08	44.31
Common Equity, 1 Yr. Growth %	161.9	10.6K	78.3	110.03	44.89
Cash From Operations, 1 Yr. Growth %	-3.6K	155.22	-130.69	-685.57	384.69
Capital Expenditures, 1 Yr. Growth %	-	594.57	382.81	38.87	-75.46
Levered Free Cash Flow, 1 Yr. Growth %	1.04K	808.92	69.81	89.35	60.74
Unlevered Free Cash Flow, 1 Yr. Growth %	1.04K	791.54	66.84	88.28	60.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	5.27K	774.13	52.87	37.21
Gross Profit, 2 Yr. CAGR %	-	1.7K	1.15K	51.94	47.09
EBITDA, 2 Yr. CAGR %	-	-	-	66.76	50.82
EBITA, 2 Yr. CAGR %	374.34	1.38K	1.12K	58.84	47.86
EBIT, 2 Yr. CAGR %	374.34	1.38K	1.12K	58.84	47.86
Earnings From Cont. Operations, 2 Yr. CAGR %	60.93	1.14K	1.07K	53.3	46.53
Net Income, 2 Yr. CAGR %	60.93	1.14K	1.07K	53.3	46.53
Normalized Net Income, 2 Yr. CAGR %	372.58	1.35K	1.1K	55.31	45.54
Diluted EPS Before Extra, 2 Yr. CAGR %	60.81	923.18	863.69	47.65	151.47
Accounts Receivable, 2 Yr. CAGR %	-	-	244.6	78.92	32.23
Inventory, 2 Yr. CAGR %	-	-	-	-23.01	158.69
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	505.63	224.78	33.57
Total Assets, 2 Yr. CAGR %	614.33	2.14K	189.88	63.63	73.13
Tangible Book Value, 2 Yr. CAGR %	202.76	1.57K	1.28K	93.71	74.12
Common Equity, 2 Yr. CAGR %	202.76	1.57K	1.28K	93.52	74.45
Cash From Operations, 2 Yr. CAGR %	3.64K	844.46	-11.5	26.17	407.77
Capital Expenditures, 2 Yr. CAGR %	-	-	479.09	158.94	-41.63
Levered Free Cash Flow, 2 Yr. CAGR %	2.38K	915.4	292.55	79.31	77.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	2.38K	905.64	285.36	77.23	76.77
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	1.53K	391.88	41.36
Gross Profit, 3 Yr. CAGR %	-	-	704.26	507.86	51.4
EBITDA, 3 Yr. CAGR %	-	-	-	-	68.89
EBITA, 3 Yr. CAGR %	200	1.07K	669.8	464.94	65.7
EBIT, 3 Yr. CAGR %	200	1.07K	669.8	464.94	65.7
Earnings From Cont. Operations, 3 Yr. CAGR %	189.93	462.58	574.66	444.65	62.27
Net Income, 3 Yr. CAGR %	189.93	462.58	574.66	444.65	62.27
Normalized Net Income, 3 Yr. CAGR %	188.16	1.06K	655.55	454.15	63.23
Diluted EPS Before Extra, 3 Yr. CAGR %	189.97	394.09	492.92	366.75	132.65
Accounts Receivable, 3 Yr. CAGR %	-	-	-	196.95	36.41
Inventory, 3 Yr. CAGR %	-	-	-	-	69.04
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	313.39	113.78
Total Assets, 3 Yr. CAGR %	239.68	574.59	788.88	152.54	61.18
Tangible Book Value, 3 Yr. CAGR %	42.51	892.57	693.19	635.51	75.6
Common Equity, 3 Yr. CAGR %	42.51	893.46	693.43	635.68	75.72
Cash From Operations, 3 Yr. CAGR %	1.23K	1.43K	201.38	59.57	91.38
Capital Expenditures, 3 Yr. CAGR %	-	-	-	259.78	18.05
Levered Free Cash Flow, 3 Yr. CAGR %	-	1.67K	459.4	207.85	74.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	1.66K	452.55	203.51	73.39
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	505.57
Gross Profit, 5 Yr. CAGR %	-	-	-	-	307.64
EBITA, 5 Yr. CAGR %	-	-	425.68	426.79	297.9
EBIT, 5 Yr. CAGR %	-	-	425.68	426.79	297.9
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	406.54	234.44	266.29
Net Income, 5 Yr. CAGR %	-	-	406.54	234.44	266.29
Normalized Net Income, 5 Yr. CAGR %	-	-	410.46	419.96	290.98
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	368.8	204.77	320.73
Total Assets, 5 Yr. CAGR %	-	-	218.82	282.8	362.01
Tangible Book Value, 5 Yr. CAGR %	-	-	253.43	416.32	332.48
Common Equity, 5 Yr. CAGR %	-	-	253.49	416.39	332.89
Cash From Operations, 5 Yr. CAGR %	-	-	349.01	463.47	262.42
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	608.72	253.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	602.7	250.25