AVT Natural Products Ltd
NSE: AVTNPL · Other Agricultural Products · sector
₹87.80NSE close 2026-10-26
Key numbers
Market cap₹1,337 cr
Price₹87.80
52w high / low₹108 / ₹54
P/E16.0xSector median 12.8x
P/B2.4xSector median 1.4x
Book value₹36.7
Dividend yield0.85%Sector median 0.79%
ROE15.7%Sector median 7.3%
ROCE17.3%Sector median 8.8%
OPM13.8%Sector median 6.5%
Debt / equity0.20xSector median 0.21x
EV/EBITDA11.4xSector median 11.2x
Interest cover12.2x
Current ratio2.71x
Sales growth 3y+7.0%Sector median +11.6%
Profit growth 3y-5.8%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 69 companies in Other Agricultural Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹151 cr vs borrowings ₹114 cr (FY26): cash is higher (net cash).
- Borrowings rose in each of the last 3 years (₹34 cr → ₹114 cr).
- Operating profit covered interest 12.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Debtor days went from 78 (FY24) to 123 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹87.80 on 2026-10-26: -18.9% from the 52-week high, +64.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹101.00 · low ₹54.76
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 122 | 173 | 157 | 132 | 160 | 194 | 226 | 241 |
| EBITDA | 8 | 30 | 25 | 16 | 15 | 23 | 36 | 40 |
| OPM % | 6.6% | 17.3% | 15.7% | 12.0% | 9.3% | 11.9% | 15.8% | 16.6% |
| Other income | 5 | 4 | 2 | 4 | 5 | 3 | 1 | 4 |
| Net profit | 6 | 22 | 14 | 12 | 13 | 17 | 22 | 31 |
| EPS (₹) | 0.41 | 1.42 | 0.94 | 0.80 | 0.87 | 1.14 | 1.45 | 2.04 |
| Revenue YoY | +31.6% | +12.2% | +44.4% | +82.2% | ||||
| Profit YoY | +110.6% | -19.6% | +53.3% | +156.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 559 | 582 | 517 | 556 | 713 | 822 |
| EBITDA | 105 | 121 | 79 | 70 | 90 | 114 |
| Net profit | 73 | 77 | 53 | 48 | 65 | 84 |
| EPS (₹) | 4.78 | 5.08 | 3.50 | 3.17 | 4.26 | 5.50 |
| Revenue growth | +4.1% | -11.1% | +7.5% | +28.3% | +40.8% | |
| Profit growth | +6.2% | -31.1% | -9.5% | +34.4% | +54.1% | |
| Dividend / share (₹) | 0.80 | 1.00 | 0.90 | 0.80 | 0.75 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.0% | +8.0% | +40.8% |
| Net profit | -5.7% | +7.4% | +54.1% |
| EPS | -5.7% | +7.5% | – |
| Share price | – | +4.6% (2y) | +32.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 430 | 470 | 506 | 559 |
| Borrowings | – | 34 | 37 | 109 | 114 |
| Cash & equivalents | – | 81 | 155 | 173 | 151 |
| Total assets | – | 522 | 598 | 747 | 846 |
| Fixed assets | – | 77 | 80 | 71 | 80 |
| Capital work in progress | – | – | 0 | 4 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 121 | 110 | 156 | 240 |
| Inventory | – | 212 | 221 | 294 | 321 |
| Payables | – | 28 | 59 | 99 | 132 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 74 | 51 | 99 | -32 | 12 |
| Cash from investing | -29 | -37 | -78 | -9 | 1 |
| Cash from financing | -45 | -8 | -15 | 50 | -16 |
| Capex | 9 | 8 | 18 | 9 | 23 |
| Free cash flow | 65 | 43 | 81 | -42 | -11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.0% | 11.3% | 9.5% | 11.6% |
| ROCE % | – | 23.7% | 15.4% | 11.8% | 13.7% |
| Debtor days | – | 76 | 78 | 103 | 123 |
| Inventory days | – | 342 | 365 | 431 | 348 |
| Payable days | – | 44 | 97 | 146 | 143 |
| Cash conversion cycle (days) | – | 374 | 346 | 388 | 328 |
| Working capital days | – | 228 | 281 | 285 | 245 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 0.04% |
| DIIs | 0.02% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 24.95% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| Neelamalai Agro Industries Ltd | 40.00% |
| The Midland Rubber and Produce Company Limited | 29.85% |
| The Nelliampathy Tea and Produce Company Limited | 4.00% |
| Ajit Thomas | 1.00% |
| Shanthi Thomas | 0.12% |
| Ashwin Thomas | 0.03% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 1.26% |
| Vistra Itcl India Limited | 1.01% |
45,138 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Agricultural Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTFOODS | ₹13,272 cr | 20.7x | 2.9x | 15.3% | 18.8% | 10.7% | +26.3% | 0.79% |
| KRBL | ₹8,074 cr | 10.7x | 1.4x | 13.7% | 17.2% | 16.5% | +4.4% | 1.00% |
| GAEL | ₹6,471 cr | 15.6x | 2.0x | 13.2% | 15.5% | 9.9% | +5.3% | 0.18% |
| KSCL | ₹3,578 cr | 14.5x | 2.0x | 15.3% | 14.6% | 22.9% | +9.2% | 0.72% |
| TRUALT | ₹3,347 cr | 23.9x | 2.2x | 9.8% | 11.7% | 18.6% | – | – |
| AEROPLANE | ₹2,135 cr | 16.5x | 2.3x | 11.2% | 13.3% | 9.8% | – | – |
| GRMOVER | ₹1,861 cr | 19.1x | 3.1x | 14.9% | 13.2% | 5.5% | +8.7% | – |
| SANSTAR | ₹1,801 cr | 37.5x | 2.6x | 6.5% | 7.4% | 6.6% | – | – |
| TRUEGREEN | ₹1,437 cr | 11.8x | 9.0x | 39.0% | 17.5% | 19.0% | – | – |
| AVTNPL | ₹1,337 cr | 16.0x | 2.4x | 15.7% | 17.3% | 13.8% | +7.0% | 0.85% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-10 | Dividend | Dividend - Re 0.45 Per Share |
| 2026-02-18 | Dividend | Interim Dividend - Re 0.35 Per Share |
| 2025-08-06 | Dividend | Dividend - Re 0.40 Per Share |
| 2025-02-20 | Dividend | Interim Dividend - Re 0.30 Per Share |
| 2024-08-02 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2024-02-22 | Dividend | Interim Dividend - Re 0.30 Per Share |
| 2023-08-18 | Dividend | Annual General Meeting/Dividend - Rs 0.60 Per Share |
| 2023-02-21 | Dividend | Interim Dividend - Re 0.40 Per Share |
| 2022-08-12 | Dividend | Annual General Meeting/Dividend - Rs 0.60 Per Share |
| 2022-02-16 | Dividend | Interim Dividend - Rs 0.40 Per Share |
| 2021-08-17 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 0.30 Per Share |
| 2020-09-15 | Dividend | Annual General Meeting/Dividend - Rs 0.35 Per Share |
| 2020-02-24 | Dividend | Interim Dividend - Rs 0.25 Per Share |
| 2019-08-01 | Dividend | Annual General Meeting/ Dividend - Re 0.20 Per Sh |
| 2019-02-26 | Dividend | Interim Dividend - Re 0.20 Per Share |
| 2018-08-06 | Dividend | Annual General Meeting/Dividend- Re 0.20 Per Share |
| 2018-02-15 | Dividend | Interim Dividend Re 0.20 Per Share |
| 2017-08-02 | Dividend | Annual General Meeting/ Dividend - Re 0.20 Per Share |
| 2017-02-16 | Dividend | Interim Dividend Re 0.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Oleoresins, Spices Extract and Value -added teas: Manufacturing
| Sector | Fast Moving Consumer Goods |
| Industry | Other Agricultural Products |
| Sub-industry | Other Agricultural Products |
| Symbol | AVTNPL |
| BSE code | 519105 |
| ISIN | INE488D01021 |
| Face value | ₹1.0 |
| Incorporated | 1986-03-12 |
| Website | www.avtnatural.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.