AVI Polymers Stages FY26 Comeback; Shares Climb

Mumbai, April 28: After a year of negligible activity, AVI Polymers Limited has reported a striking turnaround in FY26, with revenue rising to ₹312.11 crore and net profit reaching ₹20.33 crore, according to an exchange filing on Tuesday.

A year ago, the numbers barely registered — revenue stood at just ₹0.06 crore and profit at ₹0.82 crore. The shift this year is not just growth off a low base; it reflects a company that has materially expanded its operations and reset its scale.

Profit before tax came in at ₹27.73 crore, while net worth rose to ₹115.99 crore. Cash on the books increased to ₹16.60 crore, supported in part by a fully subscribed ₹89.99 crore rights issue completed during the year.

Stock Market Share Price

AVI Polymers Limited share price moved higher following the update, though the reaction remained measured.

By 10:18 a.m. IST, the stock was trading at ₹18.12, up ₹0.86 or 4.98% from its previous close of ₹17.26. The gains held through the morning session, suggesting steady accumulation rather than a sharp spike.

That tone is typical in turnaround stories. Investors are responding to the improved numbers, but the bigger question — whether this level of performance can sustain  still lingers.

What Changed This Year

During FY26, AVI Polymers scaled up its core trading operations, particularly in the agriculture segment. Higher procurement of stock-in-trade indicates real activity behind the revenue surge, not just accounting adjustments.

At the same time, the balance sheet was reinforced. The ₹89.99 crore rights issue, completed in February, added capital and liquidity, with fund utilisation being externally monitored — a detail that signals tighter oversight.

Building Beyond The Core

Alongside the core business, the company is quietly setting up new growth avenues.

Its agritech platform, KrishiBuddy, is already operational. Another initiative, AVIHealth AI, focused on personal healthcare, is expected to go live by early May, as per the company.

The main business drives current revenue, while new ventures sit in subsidiaries, allowing the company to explore emerging segments without stretching its core operations.

A Gradual Build, Not A One-Off Quarter

AVI Polymers said the improvement was not confined to a single quarter. Performance strengthened through the year, with the second half seeing a sharper pickup in both revenue and profitability.

Margins also held up during the expansion. The company reported a pre-tax margin of 8.88% and a net margin of 6.51%, suggesting that growth did not come at the cost of profitability.

The Next Phase Matters More

FY26 marks a clear reset for AVI Polymers Limited. But for investors, the focus now shifts to consistency.

Sustaining this scale, executing across multiple business lines, and maintaining discipline in capital deployment will determine whether this turnaround becomes a stable growth story — or remains a standout year.

Source:

• https://www.bseindia.com/corporates/anndet_new?newsid=2a0d21d6-0659-4169-89cc-ea24810cb94f
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/b935e792-87c6-43eb-b804-c483640da02a.pdf