A V Thomas and Company Ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹0
- Market Cap
- 0
- ISIN
- INE944K01010
- Face Value
- ₹10
- P/E Ratio
- 0
- EPS
- ₹51.00
- P/B Ratio
- 0
- Book Value
- 72.91
- Debt / Equity Ratio
- 0
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue from Operations | 0.75 | 0.64 | 992.41 | 946.05 | 0.41 |
| Growth % | 16.45% | -99.94% | 4.90% | 228777.27% | - |
| Operating Expenses | 0.45 | 0.37 | 928.70 | 889.14 | 0.12 |
| Growth % | 20.68% | -99.96% | 4.45% | 728864.19% | - |
| Operating Profit | 0.30 | 0.27 | 63.71 | 56.90 | 0.29 |
| Op. Profit Margin % | 39.84% | 41.95% | 6.42% | 6.01% | 70.49% |
| Other Income | 0.13 | 0.07 | 5.84 | 5.09 | 0.11 |
| Finance Costs | - | - | 2.17 | 3.04 | - |
| Depreciation | 0.02 | 0.02 | 6.60 | 6.09 | 0.01 |
| Profit Before Tax | 0.42 | 0.32 | 60.78 | 52.86 | 0.39 |
| Tax | 0.11 | 0.09 | 16.08 | 13.78 | 0.11 |
| Tax % | 14.75% | 13.27% | 1.62% | 1.46% | 25.40% |
| Profit After Tax | 0.31 | 0.23 | 44.70 | 39.08 | 0.29 |
| Growth % | 32.12% | -99.48% | 14.38% | 13432.81% | - |
| PAT % | 41.02% | 36.15% | 4.50% | 4.13% | 69.87% |
| Diluted EPS | 51.00 | 38.60 | 959.18 | 839.69 | 24.11 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.47 | 0.47 | 0.06 |
| Reserves | 3.42 | 3.27 | 305.22 | 271.96 | 6.00 |
| Total Equity | 3.48 | 3.33 | 305.69 | 272.43 | 6.06 |
| Borrowings | - | - | 3.90 | 5.85 | - |
| Provision | - | - | 2.61 | 2.37 | - |
| Other Non-Current Liabilities | - | - | 2.24 | 1.30 | - |
| Total Non current Liabilities | - | - | 8.75 | 9.52 | - |
| Borrowings | - | - | 1.95 | 36.09 | - |
| Other Current Liabilities | 0.37 | 0.31 | 60.33 | 53.17 | 0.26 |
| Total current Liabilities | 0.37 | 0.31 | 62.28 | 89.26 | 0.26 |
| Equity + Liabilities | 3.85 | 3.64 | 376.72 | 371.22 | 6.32 |
| Fixed Assets (incl. WIP) | 0.62 | 0.63 | 39.66 | 41.04 | 0.45 |
| Other Non Current Assets | 1.48 | 1.48 | 56.85 | 45.22 | 4.34 |
| Total Non current Assets | 2.10 | 2.11 | 96.51 | 86.26 | 4.78 |
| Trade Receivables | - | 0.23 | 37.98 | 36.83 | 0.10 |
| Cash & Cash Equivalents | 1.52 | 1.12 | 18.43 | 2.40 | 1.23 |
| Other Current Assets | 0.23 | 0.18 | 223.79 | 245.73 | 0.21 |
| Total current Assets | 1.75 | 1.53 | 280.21 | 284.96 | 1.54 |
| Total Assets | 3.85 | 3.64 | 376.72 | 371.22 | 6.32 |
Shareholding Pattern
- promoter
- 85.05%
- public
- 14.95%
Strengths & Weaknesses
Strengths
- State-of-the-Art Manufacturing & In-House R&D: AVT operates 18 manufacturing units in Chennai, adhering to international standards and client-specific requirements. The company has an in-house R&D team that develops innovative leather product designs to align with market trends.
- Rich Legacy & Experienced Management: Established in 1925, AVT is a third-generation family business with diverse interests spanning agriculture, tea, spices, and leather. The company's operations are led by CEO Habib Hussain and a team of experienced professionals.
- Strong Global Clientele & Long-Standing Partnerships: AVT has built enduring relationships with premium brands such as Randa Accessories and Walmart for over three decades. The company supplies wallets, belts, and accessories to these global giants, contributing significantly to their product lines.
- Steady Growth & Investment in Modernization: Despite volume declines, AVT’s revenue improved to ₹414 crores in FY24, driven by a shift to premium products. Continuous investments in modern machinery have enhanced productivity and sustained profitability, with a PBILDT margin of 11.82% in FY24.
Weaknesses
- Client Concentration & Market Dependence: AVT's revenue reliance on Randa and Walmart remains high at ~68% (FY24), with ~80% from the US market. To mitigate this, the company is expanding into Poland, Australia, and India, partnering with brands like Bellroy, Ralph Lauren, Fossil, and Bata.
- Raw Material Price & Forex Volatility: AVT faces raw material cost fluctuations due to limited availability and supplier dependence. While 94% of revenue comes from exports, forex risk is mitigated through natural hedging (30-40% raw material imports) and forward contracts, covering ~50-60% of its ₹207 crore limit.
About A V Thomas and Company Ltd
A.V. Thomas and Company Limited, a family-owned business established in 1935, has grown into a diversified conglomerate operating in consumer products, trading, dairy, and logistics. Their flagship tea brand, AVT Premium, is a leading player in the Indian market.
Board of Directors
- Mr. DILIP THOMAS - Director
- Mrs. PRIYALATHA THOMAS - Director
- Mr. K. SURESH - Director
- Mr. R. VENUGOPALAN - Director