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AVT Natural Products Limited
(AVTNPL)
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Rating:63Neutral
Price Target:
₹91.00
▲(29.93% Upside)
Action:Reiterated
Date:09/23/26
The score is held back primarily by weak recent cash generation (negative operating cash flow in FY2025 and negative free cash flow in FY2025–FY2026) alongside rising debt, despite improving revenue growth. Offsetting this, technicals are strong with a clear uptrend and positive momentum indicators, while valuation looks broadly reasonable with a mid-teens P/E and a small dividend yield.
Positive Factors
Revenue recovery
The return to 14.6% revenue growth in FY2026 indicates recovering demand for AVTNPL’s products after the prior-year decline. If sustained, renewed top-line momentum can improve operating leverage, support reinvestment, and strengthen the company’s earnings base over the next several quarters.
Negative Factors
Weak recent cash conversion
Recent profits have not translated effectively into cash, with operating cash flow turning negative and free cash flow remaining negative across FY2025 and FY2026. Persistent weak conversion can constrain internally funded growth, increase reliance on financing, and reduce flexibility during demand or cost pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
The return to 14.6% revenue growth in FY2026 indicates recovering demand for AVTNPL’s products after the prior-year decline. If sustained, renewed top-line momentum can improve operating leverage, support reinvestment, and strengthen the company’s earnings base over the next several quarters.
Read all positive factors
AVT Natural Products Limited (AVTNPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.38B
Dividend Yield0.91%
Average Volume (3M)66.15K
Price to Earnings (P/E)16.0
Beta (1Y)1.15
Revenue Growth40.77%
EPS Growth54.07%
CountryIN
Employees315
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.50
Shares Outstanding152,284,000
10 Day Avg. Volume42,845
30 Day Avg. Volume66,152
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.48
Price to Sales (P/S)1.16
P/FCF Ratio-40.65
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
AVT Natural Products Limited Business Overview & Revenue Model
Company Description
AVT Natural Products Limited (AVTNPL), operating with its subsidiaries, is an Indian enterprise primarily involved in the production, distribution, and trading of oleoresins and enhanced tea products. Its extensive product range encompasses marigo...
How the Company Makes Money
AVTNPL primarily makes money by manufacturing and selling tea-derived and botanical ingredient products to other businesses. Its core revenue stream is the sale of tea extracts—especially black tea extract—produced from tea and processed into stan...
AVT Natural Products Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.22B | 7.13B | 5.56B | 5.17B | 5.82B | 5.54B |
| Gross Profit | 3.68B | 2.79B | 2.19B | 1.29B | 1.69B | 2.89B |
| EBITDA | 1.20B | 1.03B | 864.86M | 919.08M | 1.21B | 1.14B |
| Net Income | 837.91M | 648.06M | 482.27M | 532.88M | 773.99M | 728.50M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.45B | 7.47B | 5.98B | 5.24B | 4.49B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 1.51B | 1.73B | 1.54B | 785.55M | 426.35M |
| Total Debt | 0.00 | 1.14B | 1.13B | 425.97M | 370.01M | 251.93M |
| Total Liabilities | -5.59B | 2.86B | 2.41B | 1.29B | 932.33M | 800.16M |
| Stockholders Equity | 5.59B | 5.59B | 5.06B | 4.70B | 4.30B | 3.69B |
Cash Flow | ||||||
| Free Cash Flow | -14.08M | -202.97M | -506.98M | 809.46M | 430.75M | 649.17M |
| Operating Cash Flow | 89.27M | 30.69M | -414.48M | 985.16M | 511.75M | 743.62M |
| Investing Cash Flow | 148.83M | 10.23M | -95.92M | -730.48M | -368.17M | -289.07M |
| Financing Cash Flow | -185.90M | -67.81M | 591.82M | -201.79M | -85.01M | -449.59M |
AVT Natural Products Limited Technical Analysis
Negative
70.04
Price Trends
90.54
Negative
80.88
Positive
72.72
Positive
Market Momentum
-0.12
Positive
44.54
Neutral
20.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AVTNPL, the sentiment is Negative. The current price of 70.04 is below the 20-day moving average (MA) of 92.20, below the 50-day MA of 90.54, and below the 200-day MA of 72.72, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 44.54 is Neutral, neither overbought nor oversold. The STOCH value of 20.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AVTNPL.
AVT Natural Products Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | ₹154.84B | 35.84 | ― | 0.22% | 7.26% | 5.73% | |
63 Neutral | ₹13.38B | 15.97 | ― | 0.91% | 40.77% | 54.07% | |
63 Neutral | ₹15.36B | 25.51 | ― | 2.27% | 34.77% | 25.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹19.29B | 360.32 | ― | 0.09% | 13.55% | -77.69% | |
50 Neutral | ₹17.40B | 19.49 | ― | 1.59% | 9.68% | -51.94% | |
42 Neutral | ₹16.15B | 323.46 | ― | 0.47% | 8.40% | ― |
* General Sector Average
IN:AVTNPL
AVT Natural Products Limited
87.83
14.61
19.96%
IN:CAMLINFINE
Camlin Fine Sciences Limited
84.05
-111.65
-57.05%
IN:FINEORG
Fine Organic Industries Ltd.
5,050.20
623.45
14.08%
IN:OAL
Oriental Aromatics Ltd.
573.20
203.98
55.25%
IN:SHK
S H Kelkar and Company Ltd
125.70
-94.09
-42.81%
IN:VIDHIING
Vidhi Specialty Food Ingredients Ltd
307.45
-26.24
-7.86%
AVT Natural Products Limited Corporate Events
AVT Natural Products Shareholders Approve 40th AGM Financials
Aug 19, 2026
AVT Natural Products Limited has reported the voting results of its 40th Annual General Meeting held on August 17, 2026, which was conducted via CDSL’s video conferencing platform with participation from both promoter group and public shareh...
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.