Avax Apparels and Ornaments

Avax Apparels and Ornaments (AVAX) is a micro-cap Textiles company valued at ₹26 crore operating in Textile Trading on the NSE and BSE.

Recent price move

Avax Apparels and Ornaments last traded at ₹31.64, unchanged on the day.

Recent developments

2026-09-07: The DocStoX score dropped to 7.2 from 8.6, reflecting a decline in balance-sheet safety. 2026-08-03: The score was 8.6, with earnings growth and business quality scoring highly. 2026-03-31: The latest quarter showed a significant jump in net profit, which could signal improved operational efficiency.

Financial performance

The company's business is improving, with annual revenue rising 55.8% and annual net profit growing 18.1%. The latest quarter saw revenue increase 10.2% compared to the same quarter a year earlier, while net profit surged 142.5%, indicating strong performance in the most recent period. However, the net profit margin fell to 4.7% from 6.3% in the prior year, suggesting pressure on profitability.

Valuation multiples

The stock trades at 16.3 times earnings, 2.89 times book value.

Things to watch

The company's balance-sheet safety score is 0.0, indicating severe financial risk. The lack of dividend payouts despite repeated profits raises concerns about capital allocation and shareholder returns. The promoter holding remains at 51.98%, but there is no mention of pledged shares, which could signal potential liquidity issues.

Where it stands

The DocStoX verdict of buy follows from strong earnings growth and business quality, despite the balance-sheet safety score being zero. The most critical factor is the sharp rise in net profit in the latest quarter, which suggests improved operational performance.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.