AVATAR INDUSTRIES LIMITED (AVATAR): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹192.95 latest close · +137.5% over the last 90 sessions

₹192.95 month-end · +131.2% over 12 months

₹192.95 month-end · +360.0% since Jun '25

52-week range ₹29.00 to ₹258.00 · 1-year volatility 57.9%

Was the rally earned?

+102%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 201 points, but investors now pay less per rupee of profit (P/E 1062.2x to 536.0x), which took 99 points back.
The share count barely moved.

Net profit growth+201 ptsNet profit rose about 300%, which lifts the price.

P/E change-99 ptsThe P/E fell from 1062.2x to 536.0x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare with other companies

How rough has the ride been?

Maximum drawdown-84.0%recovered 2021-12

1-year volatility57.9%annualised

Drawdown from peak

Largest drawdowns

-84.0% (2019-02 peak to 2020-08 low, recovered 2021-12)

-63.9% (2021-12 peak to 2023-08 low, recovered 2024-01)

-62.6% (2024-02 peak to 2025-02 low, recovered 2025-10)

What is the price implying?

~60%annual earnings growth implied by the price

At a P/E of 536.0x, the price would imply about 60.1%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

The market-wide Expectations lists

Key figures

Share Priceclose 6 Nov: ₹192.95
P/E: 536.0x
ROCE: 1.0%
Market Cap: ₹201 cr
Revenue (TTM): ₹103 cr
P/S: 2.0x
P/B: 5.8x
ROE: 1.1%
Debt / Equity: 0.0x
Promoter Holding: 66.3%
12M Momentum: 131.2%

52-week range

₹29.00₹258.00

72% of the way from its 52-week low to its high

Price risk

1Y volatility

57.9%

Balance sheet & cash

Debt service

no meaningful debt

Share count, 1Y

unchanged

Who has been buying and selling?

Over 2 years, promoters added 40.1 pts.
The number of shareholders rose from 63 to 160 (+154%) between Mar 2021 and Mar 2026.

Holdings, Mar '26

How each group changed

GroupMar '21Mar '26Change

Promoters70.9%66.3%-4.6 pts

FIIs———

DIIs———

Public and others29.1%33.7%+4.6 pts

Number of shareholders

160shareholders+154% since Mar '21

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−8.7%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like AVATAR INDUSTRIES LIMITED today on valuation, return on capital, debt, price momentum and size.
Over the following 12 months the middle half of them returned −36% to +29% vs the market, against −2% for all non-financial companies in the same months.
The gap against the base rate (−6.4%, 80% range −23.2% to +0.6%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge

Similar setups' median

−8.7%

All companies' median

−2.3%

Beat the market

40% vs 48%

50 past situations · 50 companies · 34 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
SUPREMEINF Industrial Services	Apr 2024	—	-8%	+258%	−12%	+10%
GOLDTECH Technology Services	Dec 2021	—	0%	+800%	−16%	−52%
LYKALABS Health Technology	May 2021	—	-6%	+324%	−9%	+67%
63MOONS Technology Services	Mar 2022	—	0%	+289%	−24%	−32%
ATLANTAA Miscellaneous	Mar 2022	—	1%	+196%	−31%	−17%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
NITCO Producer Manufacturing	Jun 2024	—	-14%	+339%	−10%	+83%
ANIKINDS Distribution Services	Jan 2025	—	3%	+84%	−29%	−50%
KAMATHOTEL Consumer Services	Dec 2022	—	7%	+105%	−13%	+115%

How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, 12-month momentum, drawdown from 12-month high and size. Closest on: drawdown from 12-month high, ROCE and P/S. Not used (unavailable for this company): operating margin, interest cover, revenue growth and volatility. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to AVATAR INDUSTRIES LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

12 events since Aug '20

2026
OctPriceFell 40% from the Aug 2026 peak to the Oct 2026 low.
MayPriceRegained the 2025-12 peak, 1 month after the low.
AprPriceFell 44% from the Dec 2025 peak to the Apr 2026 low.
2025
OctPriceRegained the 2024-02 peak, 8 months after the low.
JunPromoterPromoter holding rose 66.3 pts to 66.3%.
FebPriceFell 63% from the Feb 2024 peak to the Feb 2025 low.
2024
DecPromoterPromoter holding fell 26.2 pts to 0.0% (largest drop since 2022-06).
JanPriceRegained the 2021-12 peak, 5 months after the low.

Show 4 earlier events

2023
AugPriceFell 64% from the Dec 2021 peak to the Aug 2023 low.
2022
JunPromoterPromoter holding fell 44.8 pts to 26.2%.
2021
DecPriceRegained the 2019-02 peak, 16 months after the low.
2020
AugPriceFell 84% from the Feb 2019 peak to the Aug 2020 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history18 months · 2025-06 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	536.0x	₹103 cr	1.1%	1.0%	0.0x
2026-10	511.9x	₹103 cr	1.1%	1.0%	0.0x
2026-09	446.5x	₹103 cr	1.1%	1.0%	0.0x
2026-08	673.3x	₹103 cr	1.1%	1.0%	0.0x
2026-07	497.8x	₹103 cr	1.1%	1.0%	0.0x
2026-06	492.6x	₹103 cr	1.1%	1.0%	0.0x
2026-05	1636.7x	₹0 cr	0.3%	—	0.0x
2026-04	1222.2x	₹0 cr	0.3%	—	0.0x
2026-03	857.8x	₹0 cr	0.3%	—	0.0x
2026-02	—	—	—	—	—
2026-01	1290.0x	₹0 cr	0.3%	—	0.0x
2025-12	1290.6x	₹0 cr	0.3%	—	0.0x
2025-11	1062.2x	₹0 cr	0.3%	—	0.0x
2025-10	927.2x	₹0 cr	0.3%	—	0.0x
2025-09	708.3x	₹0 cr	0.3%	—	0.0x
2025-08	544.4x	₹0 cr	0.3%	—	0.0x
2025-07	588.9x	₹0 cr	0.3%	—	0.0x
2025-06	466.1x	₹0 cr	0.3%	—	0.0x

Methodology and data notes