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Avonmore Capital & Management Services Limited
(AVONMORE)
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Rating:64Neutral
Price Target:
₹15.00
▼(-19.05% Downside)
Action:Reiterated
Date:09/08/26
The score is held back primarily by weakened FY2026 fundamentals—especially negative free cash flow and sharply lower margins—despite a strong, low-leverage balance sheet. Technicals are supportive with an upward trend and positive momentum, but valuation (P/E 24.62 with no dividend data) offers limited cushion if earnings/cash-flow volatility persists.
Positive Factors
Conservative balance sheet
Very low leverage and substantial equity growth provide financial resilience and flexibility for a capital-markets business. This conservative funding profile can help the company withstand earnings variability, preserve strategic options, and reduce balance-sheet pressure over the next several quarters.
Negative Factors
Negative latest free cash flow
The shift from positive free cash flow to approximately negative 10.5M weakens internal funding capacity and increases reliance on balance-sheet resources. If cash conversion remains inconsistent, the company may have less flexibility to reinvest, absorb shocks, or sustain shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and substantial equity growth provide financial resilience and flexibility for a capital-markets business. This conservative funding profile can help the company withstand earnings variability, preserve strategic options, and reduce balance-sheet pressure over the next several quarters.
Read all positive factors
Avonmore Capital & Management Services Limited (AVONMORE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.97B
Dividend YieldN/A
Average Volume (3M)33.81K
Price to Earnings (P/E)26.5
Beta (1Y)1.81
Revenue Growth1.87%
EPS Growth-48.72%
CountryIN
Employees9
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.54
Shares Outstanding282,184,750
10 Day Avg. Volume23,158
30 Day Avg. Volume33,808
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)0.74
Price to Sales (P/S)1.64
P/FCF Ratio-271.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Avonmore Capital & Management Services Limited Business Overview & Revenue Model
Company Description
Avonmore Capital & Management Services Limited, founded in 1991 and based in New Delhi, India, operates as a non-banking financial institution and sub-broker advisory firm. Formerly known as Almondz Capital & Management Services Limited, the compa...
Avonmore Capital & Management Services Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.62B | 1.74B | 1.77B | 1.19B | 2.10B | 789.29M |
| Gross Profit | 505.50M | 760.60M | 633.60M | 385.50M | 1.56B | 304.65M |
| EBITDA | 367.07M | 344.50M | 521.47M | 280.57M | 1.59B | 522.69M |
| Net Income | 140.68M | 78.70M | 289.98M | 124.06M | 1.15B | 324.74M |
Balance Sheet | ||||||
| Total Assets | 5.79B | 5.81B | 5.80B | 5.19B | 4.43B | 3.74B |
| Cash, Cash Equivalents and Short-Term Investments | 118.40M | 97.60M | 356.55M | 301.28M | 297.70M | 277.39M |
| Total Debt | 255.30M | 248.90M | 210.82M | 225.93M | 264.59M | 176.77M |
| Total Liabilities | 841.60M | 757.90M | 964.87M | 1.25B | 802.77M | 898.11M |
| Stockholders Equity | 3.79B | 3.87B | 3.74B | 3.02B | 2.78B | 2.06B |
Cash Flow | ||||||
| Free Cash Flow | 6.70M | -10.50M | 59.80M | 356.85M | 150.30M | -65.21M |
| Operating Cash Flow | 10.90M | 9.20M | 106.50M | 424.75M | 180.45M | -5.79M |
| Investing Cash Flow | -261.40M | -291.70M | -287.50M | -357.92M | -175.87M | 122.79M |
| Financing Cash Flow | 47.30M | 60.90M | 479.40M | -134.71M | -21.88M | -78.13M |
Avonmore Capital & Management Services Limited Technical Analysis
Positive
18.53
Price Trends
11.39
Positive
11.35
Positive
13.45
Positive
Market Momentum
0.62
Positive
69.09
Neutral
36.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AVONMORE, the sentiment is Positive. The current price of 18.53 is above the 20-day moving average (MA) of 13.09, above the 50-day MA of 11.39, and above the 200-day MA of 13.45, indicating a bullish trend. The MACD of 0.62 indicates Positive momentum. The RSI at 69.09 is Neutral, neither overbought nor oversold. The STOCH value of 36.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AVONMORE.
Avonmore Capital & Management Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹4.32B | 3.64 | ― | 0.57% | 21.36% | 140.06% | |
66 Neutral | ₹3.35B | 10.16 | ― | 10.97% | 22.09% | 76.70% | |
64 Neutral | ₹3.97B | 26.53 | ― | ― | 1.87% | -48.72% | |
62 Neutral | ₹1.25B | 16.68 | ― | 5.38% | -1.63% | -5.03% | |
62 Neutral | ₹1.41B | 24.51 | ― | 0.39% | -6.38% | -70.43% | |
56 Neutral | ₹1.19B | -63.96 | ― | 0.00% | 42.85% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:AVONMORE
Avonmore Capital & Management Services Limited
14.10
-7.55
-34.87%
IN:ALMONDZ
Almondz Global Securities Limited
19.71
-1.30
-6.19%
IN:INDBANK
Indbank Merchant Banking Services Limited
27.80
-4.36
-13.56%
IN:KEYFINSERV
Keynote Financial Services Limited
253.75
3.56
1.42%
IN:NAHARCAP
Nahar Capital & Financial Services Ltd.
257.80
-24.58
-8.70%
IN:ONELIFECAP
Onelife Capital Advisors Limited
30.54
18.58
155.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.