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Avonmore Capital & Management Services Limited (AVONMORE) AI Stock Analysis

IN:AVONMORE

Avonmore Capital & Management Services Limited

(NSE:AVONMORE)

Select Model
Rating:60Neutral
Price Target:INR 14.00â–²(8.11% Upside)
Action:reiterated
Date:10/30/26

The score is primarily restrained by deteriorating profitability and weak cash conversion despite a strong, conservatively financed balance sheet. Technical conditions are moderately favorable, but the relatively high P/E and absence of dividend support limit the overall assessment.

Positive Factors
Low leverageVery low leverage gives Avonmore financial flexibility and reduces the burden of interest obligations. This conservative capital structure can help the company withstand earnings variability, preserve funds for operations, and pursue future growth without relying heavily on additional borrowing.
Negative Factors
Margin compressionThe sharp decline in net and EBITDA margins signals materially weaker earnings conversion from revenue. If this deterioration persists, it could constrain reinvestment, reduce returns on the expanding equity base, and make future profitability more dependent on an improvement in the earnings mix or cost structure.

Avonmore Capital & Management Services Limited (AVONMORE) vs. iShares MSCI India ETF (INDA)

-50%-40%-30%-20%-10%0%10%20%IN:AVONMORE-25.89%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 3.57B
Dividend Yield
―
Average Volume (3M)
25.26K
Price to Earnings (P/E)
24.6
Beta (1Y)
1.86
Revenue Growth
1.87%
EPS Growth
-48.72%
Country
India
Employees
4
Sector
General
Sector Strength
55
Industry
Financial - Capital Markets

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 company...

Avonmore Capital & Management Services Limited Financial Statement Overview

Summary

The balance sheet is strong, supported by low leverage and steady asset and equity growth. However, sharply weaker profitability and negative recent free cash flow materially reduce the score.

Income Statement

58Neutral

Balance Sheet

82Very Positive

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue1.86B1.74B1.77B1.19B2.10B789.29M
Gross Profit800.90M760.60M633.60M385.50M1.56B304.65M
EBITDA433.40M344.50M521.46M273.37M1.58B514.85M
Net Income154.20M78.70M289.98M124.06M1.15B324.74M
Balance Sheet
Total Assets05.81B5.80B5.19B4.43B3.74B
Cash, Cash Equivalents and Short-Term Investments097.60M356.55M301.28M297.70M277.39M
Total Debt0248.90M210.82M225.93M264.59M176.77M
Total Liabilities-5.05B757.90M964.87M1.25B802.77M898.11M
Stockholders Equity5.05B3.87B3.74B3.02B2.78B2.06B
Cash Flow
Free Cash Flow6.70M-10.50M59.80M356.85M150.30M-65.21M
Operating Cash Flow10.90M9.20M106.50M424.75M180.45M-5.79M
Investing Cash Flow-261.40M-291.70M-287.50M-357.92M-175.87M122.79M
Financing Cash Flow47.30M60.90M479.40M-134.71M-21.88M-78.13M

Avonmore Capital & Management Services Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price12.95

Price Trends

50DMA12.99Negative
100DMA11.80Positive
200DMA12.56Positive

Market Momentum

MACD-0.11Negative
RSI54.18Neutral
STOCH50.32Neutral

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 12.95 is above the 20-day moving average (MA) of 12.43, below the 50-day MA of 12.99, and above the 200-day MA of 12.56, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 54.18 is Neutral, neither overbought nor oversold. The STOCH value of 50.32 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:AVONMORE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:ALMONDZIN:ALMONDZ75OutperformINR 3.47B9.85――22.09%76.70%
IN:INDBANKIN:INDBANK72OutperformINR 1.09B14.76――6.28%12.91%
IN:NAHARCAPIN:NAHARCAP71OutperformINR 3.69B3.14―0.67%24.90%111.43%
IN:KEYFINSERVIN:KEYFINSERV64NeutralINR 1.13B21.06―0.49%-6.38%-70.43%
IN:AVONMOREIN:AVONMORE60NeutralINR 3.66B24.60――1.87%-48.72%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:ONELIFECAPIN:ONELIFECAP45NeutralINR 2.07B-115.27―0.02%42.85%―

* General Sector Average

Performance Comparison

0%100%200%IN:AVONMOREIN:ALMONDZIN:INDBANKIN:KEYFINSERVIN:NAHARCAPIN:ONELIFECAPDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:AVONMORE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:AVONMOREAvonmore Capital & Management Services Limited12.97-4.37-25.20%
IN:ALMONDZAlmondz Global Securities Limited18.13-0.29-1.57%
IN:INDBANKIndbank Merchant Banking Services Limited24.49-16.46-40.20%
IN:KEYFINSERVKeynote Financial Services Limited202.35-97.89-32.60%
IN:NAHARCAPNahar Capital & Financial Services Ltd.220.35-69.04-23.86%
IN:ONELIFECAPOnelife Capital Advisors Limited55.5041.16286.89%
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.

Date of analysis: Oct 30, 2026