On 6 Nov 2026, Atvo Enterprises was priced at ₹33.35, or 1667.5× trailing earnings, against an industry P/E of 17.2×, and the shares are 27% below their 52-week high. Sales and net profit grew 23% and 18% a year over 3 years; its ROCE of 2.5% is the second-lowest among the 7 largest Apparel Manufacturing peers. It is a small-cap company with a market cap of ₹357 Cr, ranked 19th of 61 Apparel Manufacturing companies by market cap; the shares rose 104% over the past year.
- ₹33.00
- ₹34.09
- ₹31.36
- ₹33.01
- 44.5K
Health check
- ReturnsAhead
+104.4% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 1667.5 vs industry 17.2.
- GrowthStrong
Sales +23.4%, profit +18.2% a year over 3 years.
- ProfitabilityWeak
ROCE 2.5% vs peer median 20.1%.
- Balance sheetFair
Piotroski 5 of 9.
- Red flags3 to check
Return on equity is low at 1.8%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹357 Cr
- Small cap
- P/E
- 1667.5
- Industry 17.2
- Price to book
- 30.37
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 1.8%
- Peers 20.0%
- ROCE
- 2.5%
- Peers 20.1%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹0.02
- OPM (TTM)
- 4.7%
- Net margin 3.4%
- Sales growth
- +13.1%
- Latest quarter vs a year ago
- Profit growth
- −18.5%
- Latest quarter vs a year ago
- Price to sales
- 58.84
- EV/EBITDA −719.3
Strengths and risks
Risks to check
- Return on equity is low at 1.8%.
- Quarterly profit down 18.5% on a year ago.
- P/E of 1667.5 against an industry P/E of 17.2.
About Atvo Enterprises
Atvo Enterprises Limited engages in the manufacture, export, and sale of various textile fabrics in India. The company offers socks, shirts and sweaters, readymade garments, and hosiery goods. It also engages in commission and investment activities. The company was formerly known as Vandana Knitwear Limited and changed its name to Atvo Enterprises Limited in March 2025. Atvo Enterprises Limited was incorporated in 1995 and is based in Bhilwara, India.
- Headquarters
- Bhilwara
- Sector
- Consumer Cyclical
- ISIN
- INE219M01021
- Website
- vandanaknitwear.com
Price range
- Avg volume (3M)
- 68.1K
- 1-year return
- plus 104.4%
- From 52-week high
- minus 27.3%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| ATVOENTAtvo Enterprises | 33.35 | plus 1.03% | 357 | 1667.5 | 30.37 | 2.5% | 1.8% | 4.7% | 23.4% | 18.2% | 0.00% | plus 104.4% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.6 | 1.3 | 1.6 | 2.5 | 0.7 | |
| 0.5 | 1.3 | 1.5 | 2.4 | 0.6 | |
| 0.1 | 0 | 0.1 | 0.1 | 0.1 | |
| 12.0% | 3.5% | 6.4% | 3.0% | 9.2% | |
| 0 | 0 | 0 | 0 | 0 | |
| – | – | 0 | 0 | 0 | |
| – | – | – | 0 | 0 | |
| 0.1 | 0 | 0.1 | 0.1 | 0.1 | |
| 25.1% | 27.5% | 26.0% | 24.4% | 25.9% | |
| 0.1 | 0 | 0.1 | 0.1 | 0 | |
| 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
Profit & loss
- Sales CAGR 3Y
- +23.4%
- Profit CAGR 3Y
- +18.2%
- EPS CAGR 3Y
- +26.0%
- ROE
- 1.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.2 | 3.7 | 4.4 | 6 | |
| – | +16.6% | +19.7% | +34.5% | |
| 3.7 | 4.2 | 5 | 6.5 | |
| −0.5 | −0.5 | −0.5 | −0.5 | |
| −16.1% | −13.2% | −12.3% | −7.9% | |
| 0.7 | 0.7 | 0.7 | 0.8 | |
| 0 | 0 | 0 | – | |
| 0 | 0 | 0 | 0 | |
| 0.2 | 0.1 | 0.2 | 0.3 | |
| 26.0% | 26.0% | 25.1% | 25.4% | |
| 0.1 | 0.1 | 0.1 | 0.2 | |
| – | minus 22.3% | +12.6% | +88.5% | |
| 0.01 | 0.01 | 0.01 | 0.02 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.7 | 10.7 | 10.7 | 10.7 | |
| 0.6 | 0.7 | 0.8 | 1.1 | |
| 1.6 | 0.8 | 0.1 | – | |
| 0.3 | 0.2 | 0.1 | 2.8 | |
| 13.3 | 12.4 | 11.7 | 14.5 | |
| 0 | 0 | 0 | 0 | |
| 0.6 | 0.1 | 0.1 | 0.8 | |
| 12.6 | 12.3 | 11.5 | 13.7 | |
| 13.3 | 12.4 | 11.7 | 14.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | −0.3 | 0 | 0 | |
| 0.7 | 0.7 | 0.7 | 0.8 | |
| −1.9 | −0.9 | −0.7 | −0.1 | |
| 0.6 | −0.5 | 0 | 0.7 | |
| – | −0 | – | – | |
| 1.8 | −0.3 | 0 | 0 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.