---
title: "AVSL Industries Ltd (AVSL) — Share Price, Financials & Analysis"
symbol: "AVSL"
company: "AVSL Industries Ltd"
canonical: "https://tapetide.com/stocks/AVSL"
isin: "INE522V01011"
nse_symbol: "AVSL"
sector: "Industrial Products"
industry: "Plastic Products - Industrial"
market_cap_cr: 63.81
generated_at: "2026-09-13T18:32:40.822Z"
---

# AVSL Industries Ltd (AVSL)

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

## Company

- **NSE Symbol:** AVSL
- **ISIN:** INE522V01011
- **Sector:** Industrial Products
- **Industry:** Plastic Products - Industrial
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2016-10-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** avsl.co.in

## About

Incorporated in 2003, AVSL Industries Ltd is in the business of manufacturing of Plastic Compound, PVC Filler, Plastic /Polyester Tape, PVC board and door frames.[1]

## Latest Price

- **Price:** ₹119.7
- **Change:** 0 (0%)
- **Open:** ₹119.7
- **Day High:** ₹119.7
- **Day Low:** ₹119.7
- **Previous Close:** ₹119.7
- **Volume:** 1000
- **As Of:** 2026-09-01T06:49:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:15.154536Z.

- **Market Cap:** ₹63.81 Cr
- **Classification:** SME
- **P/E (reported):** 30
- **EPS (reported):** ₹4.48
- **Book Value:** ₹74.96
- **Price to Book:** 1.6
- **Dividend Yield:** 0%
- **ROE:** 15.8%
- **ROCE:** 30.51%
- **Debt to Equity:** 1
- **Revenue (yearly):** ₹103.3 Cr
- **Net Income:** ₹2.3 Cr
- **EBITDA:** ₹4.8 Cr
- **52-Week High:** ₹126
- **52-Week Low:** ₹119.7
- **RSI (14):** 33

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 6.39% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 146.28% | -99.99% | -99.99% |
| ebitda margin growth | 60.84% | — | — |
| net income growth | 228.57% | 47% | -17% |
| revenue growth | 28.48% | 14% | 13% |
| roce | 89.62% | — | — |
| roe | 163.33% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 36 | 46 | 46 | 54 | 51 | 51 | 61 | 76 | 69 | 70 | 77 | 73 |
| Expenses | 34 | 40 | 42 | 49 | 49 | 49 | 59 | 71 | 58 | 66 | 64 | 69 |
| Operating Profit | 2 | 5 | 5 | 5 | 2 | 2 | 2 | 5 | 11 | 5 | 12 | 5 |
| OPM % | 6 | 12 | 10 | 9 | 3.3 | 3.8 | 3.2 | 7 | 16 | 7 | 16 | 6 |
| Other Income | 2 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 1 |
| Interest | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
| Depreciation | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 9 | 2 | 9 | 2 |
| Profit before tax | 3 | 5 | 4 | 4 | 0 | 0 | 1 | 2 | 1 | 2 | 2 | 1 |
| Tax % | 28 | 24 | 25 | 28 | 23 | 0 | 39 | 27 | 23 | 28 | 36 | 35 |
| Net Profit | 2 | 4 | 3 | 3 | 0 | 0 | 0 | 2 | 1 | 1 | 1 | 1 |
| EPS in Rs | 4.22 | 6.96 | 5.4 | 5.65 | 0.3 | 0.66 | 0.86 | 3.34 | 2.08 | 2.66 | 1.91 | 1.69 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 78 | 102 | 84 | 82 | 82 | 100 | 101 | 137 | 139 | 150 |
| Expenses | 78 | 98 | 81 | 76 | 75 | 91 | 98 | 130 | 131 | 140 |
| Operating Profit | 0 | 3 | 3 | 6 | 7 | 10 | 4 | 7 | 8 | 10 |
| OPM % | 0.4 | 3.4 | 3.9 | 8 | 9 | 10 | 3.6 | 5 | 6 | 6 |
| Other Income | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 2 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 3 |
| Profit before tax | 1 | 3 | 3 | 6 | 8 | 8 | 1 | 3 | 3 | 3 |
| Tax % | 37 | 31 | 33 | 29 | 27 | 27 | 9 | 30 | 26 | 28 |
| Net Profit | 1 | 2 | 2 | 4 | 6 | 6 | 1 | 2 | 3 | 2 |
| EPS in Rs | 1.35 | 4.37 | 4.26 | 7.9 | 10.97 | 11.05 | 0.96 | 4.2 | 4.75 | 4 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 7 | 9 | 11 | 15 | 21 | 27 | 28 | 30 | 32 | 35 |
| Borrowings | 12 | 13 | 7 | 19 | 20 | 23 | 34 | 35 | 40 | 40 |
| Other Liabilities | 22 | 23 | 24 | 28 | 20 | 20 | 9 | 20 | 20 | 24 |
| Total Liabilities | 46 | 51 | 48 | 68 | 67 | 76 | 76 | 91 | 98 | 104 |
| Fixed Assets | 4 | 5 | 6 | 19 | 22 | 26 | 29 | 31 | 35 | 35 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 42 | 46 | 42 | 48 | 45 | 50 | 48 | 60 | 63 | 69 |
| Total Assets | 46 | 51 | 48 | 68 | 67 | 76 | 76 | 91 | 98 | 104 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -6 | 3 | 8 | 3 | 4 | 4 | -5 | 6 | 6 | 7 |
| Cash from Investing Activity | -2 | -2 | -2 | -14 | -4 | -5 | -4 | -4 | -7 | -4 |
| Cash from Financing Activity | 7 | 0 | -7 | 11 | 0 | 1 | 9 | -2 | 2 | -3 |
| Net Cash Flow | 0 | 1 | -1 | -1 | 1 | 0 | 0 | 1 | 0 | 0 |
| Free Cash Flow | -8 | 2 | 6 | -11 | 0 | -2 | -10 | 2 | -1 | 3 |
| CFO/OP | -1832 | 102 | 288 | 76 | 82 | 59 | -144 | 105 | 88 | 72 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 148 | 140 | 136 | 142 | 127 | 99 | 90 | 100 | 95 | 91 |
| Inventory Days | 25 | 14 | 36 | 54 | 60 | 77 | 82 | 64 | 59 | 82 |
| Days Payable | 103 | 85 | 115 | 139 | 88 | 75 | 27 | 52 | 51 | 62 |
| Cash Conversion Cycle | 70 | 69 | 57 | 57 | 98 | 101 | 145 | 112 | 103 | 110 |
| Working Capital Days | 31 | 28 | 40 | 32 | 36 | 29 | 16 | 10 | 7 | 13 |
| ROCE % | 11 | 18 | 18 | 22 | 21 | 19 | 5 | 9 | 9 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.24% | 71.15% | 71.65% | 71.65% | 71.65% | 71.65% | 71.88% | 71.88% | 71.99% | 71.99% | 71.99% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.59% | 26.81% | 26.81% | 26.76% | 26.03% | 25.88% | 25.8% | 25.67% | 25.52% | 24.94% | 24.94% |
| Others | 3.17% | 2.04% | 1.53% | 1.59% | 2.32% | 2.47% | 2.32% | 2.45% | 2.49% | 3.07% | 3.07% |
| No. of Shareholders | 99 | 98 | 94 | 96 | 95 | 103 | 102 | 102 | 102 | 98 | 97 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 351.87 | Sell |
| EMA (10) | 299.74 | Sell |
| SMA (20) | 318.96 | Sell |
| EMA (20) | 298.97 | Sell |
| SMA (50) | 212.84 | Sell |
| EMA (50) | 245.25 | Sell |
| SMA (100) | 191.08 | Sell |
| EMA (100) | 203.5 | Sell |
| SMA (200) | 147.32 | Sell |
| EMA (200) | 156.69 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.94 | Neutral |
| MACD (12,26,9) | 19.53 | Sell |
| Stochastic (14,3,3) | 23.89 | Neutral |
| ADX (14) | 50.37 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 44.73 | High Volatility |
| ROC (12) | -72.56 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 21.91 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jun - Ms. Suman Arora appointed Company Secretary and Compliance Officer effective 23 May 2026. | [Outcome of Board Meeting 8 Jun - Ms. Suman Arora appointed Company Secretary and Compliance Officer effective 23 May 2026.](https://nsearchives.nseindia.com/corporate/AVSL_08062026170812_OUTCOME.pdf) |
| 8 January 2026 - Reg.74(5) non-applicable for AVSL Industries for quarter ended 31 Dec 2025; all shares in demat. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - Reg.74(5) non-applicable for AVSL Industries for quarter ended 31 Dec 2025; all shares in demat.](https://nsearchives.nseindia.com/corporate/AVSL_08012026164648_finalupload.pdf) |
| 8 January 2026 - AVSL: Regulation 27(2) corporate governance report not applicable for quarter ended 31-Dec-2025 due to NSE SME listing. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 January 2026 - AVSL: Regulation 27(2) corporate governance report not applicable for quarter ended 31-Dec-2025 due to NSE SME listing.](https://nsearchives.nseindia.com/corporate/AVSL_08012026171616_UPLOAD.pdf) |
| 8 April 2026 - Promoter disclosed 38,37,840 shares held as of 31 March 2026; no encumbrances. | [Updates 8 April 2026 - Promoter disclosed 38,37,840 shares held as of 31 March 2026; no encumbrances.](https://nsearchives.nseindia.com/corporate/AVSL_08042026180818_finalSAST_31.pdf) |
| 7 Sep - 23rd AGM notice and annual report dispatch completed; book closure details published on 7 September 2026. | [Copy of Newspaper Publication 7 Sep - 23rd AGM notice and annual report dispatch completed; book closure details published on 7 September 2026.](https://nsearchives.nseindia.com/corporate/AVSL_07092026175651_Intimation_newspaper_advertisement.pdf) |
| 7 Aug - Court hands back 10 MT PVC aid and ₹13.5 lakh cash after seizure in Mundra police case. | [General Updates 7 Aug - Court hands back 10 MT PVC aid and ₹13.5 lakh cash after seizure in Mundra police case.](https://nsearchives.nseindia.com/corporate/AVSL_07082026151127_NSE_Material_Event_Intimation-Signed.pdf) |
| 6 December 2025 - Appointed Mr. Mukesh Kumar as CFO and KMP effective 6 December 2025; holds 9,000 shares. | [Appointment 6 December 2025 - Appointed Mr. Mukesh Kumar as CFO and KMP effective 6 December 2025; holds 9,000 shares.](https://nsearchives.nseindia.com/corporate/AVSL_06122025171526_FINALUPLOADAPP.pdf) |
| 5 Sep - AVSL Industries submitted FY2025-26 annual report and dispatched it to shareholders on 5 September 2026. | [Updates 5 Sep - AVSL Industries submitted FY2025-26 annual report and dispatched it to shareholders on 5 September 2026.](https://nsearchives.nseindia.com/corporate/AVSL_05092026192345_Covering_letter-annual_report-signed.pdf) |
| 5 Sep - AVSL Industries Limited has informed regarding Outcome of Board Meeting held on September 05, 2026. | [Outcome of Board Meeting 5 Sep - AVSL Industries Limited has informed regarding Outcome of Board Meeting held on September 05, 2026.](https://nsearchives.nseindia.com/corporate/AVSL_05092026180527_scan.pdf) |
| 5 Sep - AVSL Industries AGM on 30 Sep 2026; register closed from 20 Sep to 30 Sep 2026. | [Updates 5 Sep - AVSL Industries AGM on 30 Sep 2026; register closed from 20 Sep to 30 Sep 2026.](https://nsearchives.nseindia.com/corporate/AVSL_05092026190852_Intimation-book_closure-signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31617_AVSL_2025_2026_A_4288645_05092026205451.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25956_AVSL_2023_2024_06092024134335.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22750_AVSL_2022_2023_14082023182736_08142023190000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21291_AVSL_2021_2022_04092022145316_09042022150001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19376_AVSL_2020_2021_04092021180348_09042021190004.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17759_AVSL_2019_2020_14102020182829_17102020114117.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16080_AVSL_2018_2019_27092019144929_27092019150016.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13977_AVSL_2017_2018_03102018134125.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_12090_AVSL_2016_2017_09102017113155.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a88939d8-56a0-4525-afd1-101b489c3bd5.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70be6db8-fb93-4ee9-96d9-4080ba8fed25.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2ff7cca-fae9-4828-bbf7-c3c049d5983a.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f5b24ed-44a6-49e5-8ecf-07fe42b80e51.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/455c497d-cf06-4cb9-8aa9-854ed3a91b19.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d18d68b6-b226-4eea-bc6e-900f80ebba95.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1a5d516-f758-46fd-a1fe-c0c51b83fab5.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bd133bb-ae5d-4952-84b7-5836a9dc7361.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/3c01c62f-f6aa-4c2c-bdb7-2a114acd6308.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee14e727-7fe8-48f2-933e-7ff4ba3b7c21.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64ddc2b9-6fc2-47eb-87c9-a6a38b2da6a7.pdf) |

---

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 2026-09-13T18:32:40.822Z.