Avonmore Capital & Management Services Ltd, incorporated in 1992, is a Non-Deposit Taking Non-Banking Financial Corporation (NBFC) registered with the Reserve Bank of India on October 7, 2008. The company has undergone several name changes throughout its history: originally converted to a Public Limited Company in May 1992 as Allianz Capital & Management Services Ltd, then changed to Almondz Capital & Management Services Limited in January 2007, and finally adopted its current name Avonmore Capital & Management Services Limited in 2013.
The company's registered office is located at F-33/3 Okhla Industrial Area, Phase-II, New Delhi. The company was promoted by Ashwajit Singh as an integrated financial services organization.
Avonmore Capital operates through multiple business segments showcasing its diversified financial services approach. The company operates through four main business segments:
- Fees and Commission: Comprising broking, commission, underwriting, and arranger fees.
- Income from Investment Activities: Including dividend received, interest on fixed deposits, and profit on sale of investment.
- Debt and Equity Market Operations: Representing profit on trading activities.
- Finance Activities: Related to interest income on loans given.
The company provides a comprehensive range of financial services including leasing, bill discounting, inter-corporate deposits, merchant banking, project advisory, corporate recruitment services, and systems design and study. Its Consultancy and Advisory Fees segment offers merchant banking, underwriting commission, corporate and infrastructure advisory services. Its Wealth/Broking Activities segment handles stock and share broking services including real estate broking. The company also has a Healthcare Services segment that operates eye care hospitals.
Avonmore Capital has obtained OTC dealership and is a Principal Member of the National Stock Exchange (NSE). The company has also expressed plans to apply for RBI approval to establish a Local Area Bank (LAB).
As of May 2025, Avonmore Capital & Management Services Ltd has a market capitalization of approximately ₹541-575 Crore, making it a mid-cap company in the NBFC space. The company was listed on January 4, 2023, making it a relatively recent public listing.
- 52-Week High: ₹29.95
- 52-Week Low: ₹9.81
- Beta Coefficient: 0.65
- Volatility: 5.42%
#### Recent Quarterly Results
- Q3 FY2024-25 (December 2024):
- Net Profit: ₹0.24 Crores (a decline of 94.42% YoY)
- Sales: ₹35.25 Crores (a growth of 9.95% YoY)
- Q2 FY2024-25 (September 2024):
- Net Profit: ₹1.55 Crores (a decline of 38.98% YoY)
- Sales: ₹54.29 Crores (a growth of 120.15% YoY)
- Q1 FY2024-25 (June 2024):
- Net Profit: ₹2.78 Crores (a marginal decline of 1.07% YoY)
- Sales: ₹35.08 Crores (a growth of 88% YoY)
#### Annual Financial Performance
- FY2024:
- Revenues: ₹1,270 Million (down 41.1% from FY23)
- Net Profit: ₹201 Million (down 83.5% from FY23)
- Five-Year CAGR:
- Revenue: 14.8% (from ₹731 Million in FY20)
- Net Profit: 27.4%
- Profit Margins:
- Operating Profit Margins (FY24 vs FY23): 21.0% vs 73.3%
- Net Profit Margins (FY24 vs FY23): 16.3% vs 57.7%
- Trailing 12 Months:
- Operating Revenue: ₹169.64 Crores
- Annual Revenue De-growth: 41%
- Pre-Tax Margin: 11%
#### Key Financial Metrics
- Q4 FY2024: Revenue of ₹35.97 Crores, Net Profit of ₹1.48 Crores.
- P/E Ratio: Approximately 18-25 times.
- ROE: 8.59% (FY24), considered fair but with room for improvement.
- ROCE: 10.5%
- Book Value: ₹13.2
- Debt-to-Equity Ratio (FY24): 0.0 (almost debt-free)
- Promoter Holding: 58.4%
- Dividend Policy: The company currently does not pay dividends to shareholders.
- Working Capital: Requirements have improved, reducing from 189 days to 135 days.
- Market Performance: Market cap increased by 32.5% over the past year.
- Promoter Holding Trend: An 11% decrease in promoter holding was observed in the last quarter.
- Analyst View: Some analysts consider the stock to be currently overvalued.
- Risk Factors: Operates in the competitive NBFC sector, facing regulatory changes, credit risk management challenges, and market volatility.
- Strengths: Diversified service offerings and a debt-free status provide stability.
