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Avonmore Capital & Management Services Limited (AVONMORE)

₹12.81 +3.47% last close, 16 Oct

📊 NSE: AVONMORE 🏢 Finance & Investments 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Avonmore Capital's net interest income was ₹48.9 Cr (+36.3% year on year, -20.5% on the previous quarter), and net profit ₹17.2 Cr (+135.5% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹48.9	+36.3%	-20.5%
Operating profit	₹12.0	—	—
Net profit	₹17.2	+135.5%	from loss

Full quarterly financials → Results calendar →

AVONMORE delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 63.78% of the AVONMORE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 66.91%. That is close to its usual level. Turnover was only ₹19 lakh, so a handful of trades can move this figure.

63.78%Delivery, 16 Oct

66.91%Own 20-session average

0.7×Volume vs its average

₹12.81NSE close · +3.47%

Delivery in the last 5 sessions: 52.0% · 58.5% · 61.9% · 38.8% · 63.8%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Avonmore Unit Bags ₹154 Cr H1 Orders; Order Book Tops ₹400 Cr

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 12 Oct 2026, 01:37 PM

Avonmore Capital's step-down subsidiary, Almondz Global Infra-Consultant Limited (AGICL), secured new orders worth ₹154 crore in H1 FY27, marking a 214% jump from ₹72 crore in H1 FY26. With this inflow, AGICL's total order book crossed ₹400 crore as of September 30, 2026, which is nearly 1.8x Avonmore's consolidated TTM revenue of ₹222 crore. The new orders span infrastructure consultancy mandates including highways, bridges, and railways, and are slated for execution over a three-year period. AGICL reported H1 FY27 revenue of ₹54 crore compared to ₹48 crore in H1 FY26.

AGICL won new orders worth ₹154 crore in H1 FY27, up ~214% YoY from ₹72 crore in H1 FY26
Total order book crossed ₹400 crore as of September 30, 2026, to be executed over three years
Key wins include IDCO project PMC mandate of ₹33.15 crore and Western Central Railway Authority Engineer role of ₹21.23 crore
AGICL H1 FY27 revenue rose to ₹54 crore versus ₹48 crore in H1 FY26

💡 Track the quarterly conversion rate of this ₹400 crore order book into consolidated revenue and monitor billing milestones across major mandates such as IDCO and West Central Railway.

Avonmore Capital Submits Reg 74(5) Demat Confirmation for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 12:55 PM

Avonmore Capital & Management Services Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate from Registrar and Share Transfer Agent Beetal Financial & Computer Services confirms that securities received for dematerialisation during the quarter ended September 30, 2026, were duly processed. This is a recurring statutory filing with no impact on business operations, financials, or shareholding structures.

Compliance certificate filed for the quarter ended September 30, 2026
Confirmation issued by RTA Beetal Financial and Computer Services Pvt. Ltd. dated October 5, 2026
Securities received for dematerialisation were processed and confirmed to depositories NSDL and CDSL
Filing submitted to stock exchanges on October 7, 2026

💡 No action is required as this is a standard quarterly administrative compliance; investors should monitor upcoming Q2 FY27 operational and financial results.

Avonmore Capital AGM Approves All 10 Resolutions Including Material RPTs

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Oct 2026, 01:33 PM

Avonmore Capital & Management Services Limited concluded its 34th Annual General Meeting on September 30, 2026, passing all 10 scheduled resolutions. Key ordinary and special businesses approved included the adoption of FY26 financials, MD remuneration revision, and material related-party transactions (RPTs) with Almondz Financial Services, Skiffle Advisory, and Premier Green Innovations. For ordinary non-RPT resolutions, 17.24 crore votes were polled with over 99.9% approval, while promoters abstained on related-party matters as required by regulations.

All 10 resolutions passed at the 34th AGM held via video conferencing with 107 attending shareholders
Adoption of FY26 Audited Financial Statements approved with 99.98% votes in favour (17.23 crore votes)
Re-appointment and remuneration revision of MD Ashok Kumar Gupta approved with 99.98% votes in favour
Material RPT approvals with Almondz Financial, Skiffle Advisory, and Premier Green passed with >99.2% approval among voting non-promoter shares

💡 Track subsequent disclosures on the Composite Scheme of Arrangement execution and upcoming Q2 FY27 earnings performance.

Avonmore Capital to Attend Bharat Connect Conference on September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Sep 2026, 05:21 PM

Avonmore Capital & Management Services Ltd. informed stock exchanges that company executives will attend the 'Bharat Connect Conference – Rising Stars 2026' on September 30, 2026. The meeting will be held virtually as a group conference from 04:00 PM to 05:00 PM IST. The company stated that no unpublished price sensitive information (UPSI) will be shared and any presentation will match existing public filings. The interaction comes as the company maintains a market cap of approximately Rs 3,002 crore.

Virtual group conference scheduled for September 30, 2026
Meeting time fixed from 04:00 p.m. to 05:00 p.m. IST
Participation in third-party event: Bharat Connect Conference – Rising Stars 2026
Company confirmed no unpublished price sensitive information (UPSI) will be disclosed

💡 Track if any new investor presentation or post-meet transcript is uploaded on exchange portals following the September 30 conference.

Avonmore Capital Dispatches FY26 Annual Report Weblinks Ahead of 34th AGM on Sept 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 04 Sep 2026, 02:19 PM

Avonmore Capital & Management Services Limited has issued an intimation regarding the dispatch of letters to shareholders without registered email addresses, providing weblinks to access the Annual Report and Notice for FY2025-26. The company's 34th Annual General Meeting (AGM) is scheduled for Wednesday, September 30, 2026, at 1:30 PM IST via Video Conferencing / Other Audio-Visual Means. This is a standard statutory compliance filing under Regulation 36(1)(b) of SEBI LODR Regulations.

34th Annual General Meeting scheduled for September 30, 2026, at 1:30 PM IST via VC/OAVM
Notice and FY2025-26 Annual Report made accessible via direct web links for shareholders without registered emails
Filing submitted in compliance with Regulation 36(1)(b) of SEBI LODR Regulations
Shareholder support and KYC update processing routed through RTA Beetal Financial & Computer Services Pvt Ltd

💡 Shareholders can review the FY26 Annual Report disclosures ahead of the AGM on September 30, 2026, and ensure their email and KYC details are registered with the RTA.

Avonmore Capital Convenes 34th AGM on Sept 30, 2026; MD Re-appointment Proposed

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 02:17 PM

Avonmore Capital & Management Services Limited has issued the notice for its 34th Annual General Meeting (AGM) scheduled for September 30, 2026, via Video Conferencing. Key agenda items include the adoption of FY2025-26 audited financial statements and the re-appointment of Managing Director Ashok Kumar Gupta for a 5-year term starting December 31, 2026. The proposed remuneration for the MD is a gross salary of Rs 3,43,760 per month with effect from April 1, 2026. Resolutions also include continuation of independent directors past the age of 75 years.

34th AGM scheduled for Wednesday, September 30, 2026, at 1:30 PM IST via VC/OAVM
Remote e-voting period runs from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
Cut-off date for AGM notice and voting eligibility fixed as Friday, August 28, 2026
Proposed re-appointment of MD Ashok Kumar Gupta for 5 years with a gross salary of Rs 3,43,760 per month

💡 Track shareholder voting results post-AGM on September 30, 2026, and monitor progress on the pending Composite Scheme of Arrangement.

Avonmore Board Approves ₹60 Cr Fundraise via Unlisted Secured NCDs

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 01 Sep 2026, 01:32 PM

Avonmore Capital & Management Services has received in-principle board approval to raise up to ₹60 crore through unlisted, secured, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The proposed debt issue size of ₹60 crore is material, representing ~33.1% of the company's net worth (₹181 crore) and ~27.0% of its TTM revenue (₹222 crore). The board has delegated authority to its securities committee to finalize the specific terms, including coupon rate, tenure, and asset charge. Additionally, the company fixed September 30, 2026, as the date for its Annual General Meeting.

In-principle approval to raise up to ₹60 crore via Non-Convertible Debentures
NCDs will be unlisted, secured, and redeemable issued on a private placement basis
Proposed issue represents ~33.1% of net worth (₹181 crore) and ~27.0% of TTM revenue (₹222 crore)
Annual General Meeting convened for September 30, 2026

💡 Monitor upcoming filings for the final pricing terms (coupon rate, tenure, and asset charge) of the NCDs and outcomes of the AGM on September 30, 2026.

₹17.39 Cr Q1 Profit: Avonmore reports turnaround from Q4 loss; wins ₹97.32 Cr infra orders

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 03:58 PM

Avonmore Capital reported a consolidated profit of ₹17.39 cr for Q1 FY27, a sharp recovery from a ₹6.88 cr loss in Q4 FY26, despite a 19.6% sequential revenue decline to ₹49.70 cr. The Infrastructure Advisory segment secured new business worth ₹97.32 cr, which is approximately 45% of the company's TTM revenue, providing strong revenue visibility. The Financial Services arm also turned profitable with a PAT of ₹8.81 cr against a loss of ₹13.81 cr in the previous quarter. However, the Green Fuel JV's new Odisha plant remains idle, awaiting the commencement of the Oil Marketing Company (OMC) tendering process.

Consolidated PAT of ₹17.39 cr in Q1 FY27 vs a loss of ₹6.88 cr in Q4 FY26.
Infrastructure Advisory segment won new business worth ₹97.32 cr during the current financial year.
Financial Services revenue grew 105% QoQ to ₹17.57 cr from ₹8.55 cr in the preceding quarter.
Green Fuel JV (PGIPL) reported steady revenue of ₹179.33 cr with a PAT of ₹11.41 cr.
Management expects 20-22% growth in Infrastructure Advisory revenue and profitability for FY27.

💡 Monitor the announcement of the OMC tender for the Odisha plant, as its commissioning is the primary catalyst for the Green Fuel segment. Additionally, track the execution pace of the ₹97.32 cr infrastructure order book to see if the 20-22% growth guidance is met.

Avonmore to merge 4 wholly-owned subsidiaries to simplify corporate structure

🟡 NEUTRAL ⭐ 4/10

M&A 📅 31 Jul 2026, 02:18 PM

Avonmore Capital & Management Services has approved a Scheme of Amalgamation to merge four of its wholly-owned subsidiaries—Almondz Finanz, Apricot Infosoft, Avonmore Developer, and Anemone Holdings—into the parent company. As these are 100% owned subsidiaries, no new shares will be issued, and there will be no change in the promoter holding (currently 58.5%). The combined standalone turnover of these four entities for FY26 was approximately ₹10.50 crore, representing a small fraction (~4.9%) of the group's TTM consolidated revenue of ₹214 crore.

Merger involves 4 wholly-owned subsidiaries: Almondz Finanz, Apricot Infosoft, Avonmore Developer, and Anemone Holdings.
No cash consideration or share exchange; 100% of the subsidiaries' share capital will be cancelled upon the scheme becoming effective.
Almondz Finanz Ltd (Transferor 1) is the largest merging entity with a paid-up capital of ₹30 crore.
Combined standalone turnover of the four merging entities for FY26 stands at ₹10.50 crore.
The parent company's paid-up share capital remains unchanged at ₹28.87 crore.

💡 Investors should monitor the timeline for NCLT and regulatory approvals. This is a procedural consolidation; focus on whether this leads to improved operating margins in the finance segment in future quarters.

Avonmore to Merge 4 Subsidiaries; Standalone Q1 Revenue Declines 24.6% YoY

🟡 NEUTRAL ⭐ 7/10

M&A 📅 31 Jul 2026, 01:41 PM

Avonmore Capital's board has approved a Scheme of Amalgamation to merge four wholly-owned subsidiaries into the parent company to simplify its corporate structure. For Q1 FY27, the company reported a standalone total income of Rs 2.33 Cr, down from Rs 3.09 Cr in the same quarter last year. Consolidated revenue from its primary Infrastructure/Broking segment also saw a decline to Rs 35.56 Cr compared to Rs 39.84 Cr YoY. As the merging entities are 100% owned, no new shares will be issued, resulting in no equity dilution for existing shareholders.

Approved merger of Almondz Finanz, Apricot Infosoft, Avonmore Developer, and Anemone Holdings into the parent company.
Standalone Q1 FY27 total income decreased to Rs 2.33 Cr from Rs 3.09 Cr in Q1 FY26.
Consolidated Infrastructure/Broking segment revenue fell 10.7% YoY to Rs 35.56 Cr.
Combined FY26 turnover of the four merging subsidiaries was approximately Rs 10.44 Cr.
Zero share exchange ratio as all merging entities are 100% wholly-owned subsidiaries.

💡 Monitor the timeline for NCLT and regulatory approvals for the merger and watch for improvements in the Infrastructure/Broking segment revenue in upcoming quarters.

Avonmore Capital Submits Q1 FY27 Share Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 04:35 PM

Avonmore Capital & Management Services Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Beetal Financial & Computer Services Pvt. Ltd., confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and the security certificates were mutilated or cancelled. This is a standard administrative filing required for all listed companies to ensure the integrity of the share registry. There are no financial implications or operational changes associated with this announcement.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar and Share Transfer Agent (RTA) confirmed as Beetal Financial & Computer Services Pvt. Ltd.
Confirmation that securities received for dematerialization were listed on the stock exchanges
Verification that security certificates were mutilated and cancelled after substitution of the depository name

💡 No action is required from investors as this is a routine regulatory filing confirming administrative compliance.

2.15 Lakh Shares: Promoter Group Entity Declares Zero Pledging for FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 11:31 AM

Navjeet Singh Sobti (HUF), a member of the promoter group of Avonmore Capital & Management Services, has filed an annual declaration under SEBI Takeover Regulations. The entity confirmed holding 215,000 shares as of March 31, 2026. Crucially, the filing states that no shares were encumbered or pledged, directly or indirectly, during the financial year 2025-26. This is a standard regulatory disclosure providing transparency on promoter shareholding stability.

Promoter group entity holds 215,000 equity shares as of March 31, 2026
Zero shares were encumbered or pledged during the entire financial year
Compliance filing submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011
Declaration covers the period ending March 31, 2026

💡 Investors should review the full shareholding pattern to confirm if other promoter entities have any pledges, though this specific filing is a routine positive indicator of financial health for this holder.

2,15,000 shares held by Promoter Group member; zero encumbrance declared for FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 11:29 AM

Navjeet Singh Sobti (HUF), a member of the promoter group of Avonmore Capital & Management Services Ltd, has filed a routine disclosure under SEBI Takeover Regulations. The filing confirms that the entity held 2,15,000 shares as of March 31, 2026. Importantly, the promoter group member declared that no shares were encumbered or pledged, directly or indirectly, during the financial year 2025-26. This is a standard annual compliance requirement to ensure transparency in promoter shareholding.

Promoter group member Navjeet Singh Sobti (HUF) holds 2,15,000 shares as of March 31, 2026
Declaration confirms zero encumbrance (pledging) of shares during the entire FY 2025-26
Filing made in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

💡 Investors should treat this as a routine administrative filing. No action is required, though it confirms the absence of promoter share pledging for this specific entity.

45.73 Million Shares Held by Promoter Group with Zero Encumbrance in FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Jul 2026, 04:40 PM

Rakam Infrastructures Private Limited, a promoter group entity of Avonmore Capital & Management Services Ltd, has submitted its annual disclosure under SEBI Takeover Regulations. The entity confirmed a holding of 45,730,380 shares as of March 31, 2026. Significantly, the promoter group declared that no shares were encumbered or pledged, directly or indirectly, during the financial year 2025-26. This is a routine but essential transparency filing regarding promoter share safety.

Promoter group entity Rakam Infrastructures holds 45,730,380 shares as of March 31, 2026
Zero shares were encumbered or pledged during the entire financial year ended March 31, 2026
Compliance filing submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011
Declaration signed by Director Navjeet Singh Sobti on April 6, 2026

💡 Investors should continue to monitor quarterly shareholding patterns to ensure promoter skin-in-the-game remains stable and pledge-free.

45,730,380 Shares Held by Promoter Group with Zero Encumbrance as of March 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Jul 2026, 04:35 PM

Rakam Infrastructures Private Limited, a promoter group entity of Avonmore Capital & Management Services, has filed its annual disclosure under SEBI Takeover Regulations. The entity confirmed a holding of 4,57,30,380 shares as of March 31, 2026. Significantly, the promoter declared that no shares were encumbered or pledged, directly or indirectly, during the 2025-26 financial year. This is a standard regulatory filing confirming the absence of promoter-level share pledges.

Total shareholding of 4,57,30,380 shares by Rakam Infrastructures Private Limited
Zero encumbrances or pledges reported for the entire financial year ended March 31, 2026
Compliance filing under Regulation 31(4) of SEBI (SAST) Regulations, 2011
Declaration covers the period from April 1, 2025, to March 31, 2026

💡 Investors should treat this as a routine administrative confirmation; no immediate action is required. It is useful to cross-reference this with the quarterly shareholding pattern to ensure consistency across all promoter entities.

View All AVONMORE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for Q2 FY26 reached INR 37.04 Cr, representing a marginal growth of 1.09% QoQ from INR 36.64 Cr. Fees and Commission income grew by 15.4% QoQ to INR 30.86 Cr. Interest income saw a significant decline of 41.7% QoQ, falling from INR 3.69 Cr to INR 2.15 Cr. On a YoY basis for the half-year ended Sept 30, 2025, total income fell 17.9% to INR 73.91 Cr compared to INR 90.05 Cr in the previous year.

Profitability Margins

Net Profit Margin for Q2 FY26 was 16.2% (INR 6.00 Cr profit on INR 37.04 Cr revenue), a contraction from 20.6% in Q1 FY26. This decline is attributed to a 20.4% drop in absolute profit QoQ despite stable revenues, likely due to higher operational costs and lower fair value gains.

EBITDA Margin

Profit Before Tax (PBT) margin for H1 FY26 stood at 22.4% (INR 16.54 Cr on INR 73.91 Cr revenue). Core profitability was impacted by a swing in fair value changes, which moved from a gain of INR 2.66 Cr in Q1 FY26 to a loss of INR 0.01 Cr in Q2 FY26.

Credit Rating & Borrowing

Consolidated borrowings (other than debt securities) increased by 40.2% to INR 20.51 Cr as of Sept 30, 2025, compared to INR 14.63 Cr as of March 31, 2025. Specific interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

Not applicable for the core financial services business; however, for the industrial subsidiary PGIPL, specific raw materials were not disclosed.

Manufacturing Efficiency

PGIPL's operational efficiency was severely hampered by weather, losing approximately 26% of available working days in Q2 FY26 due to heavy rains.

📈 Strategic Growth

Growth Strategy

The company is pursuing a Composite Scheme of Arrangement to streamline its corporate structure. Growth is targeted through its diversified subsidiaries including Almondz Global Securities (market operations) and Almondz Finanz (lending), while managing industrial volatility in subsidiaries like PGIPL.

Products & Services

Investment banking, stock broking, debt and equity market operations, NBFC financing, healthcare services, and industrial manufacturing (via PGIPL).

Brand Portfolio

Avonmore, Almondz.

Strategic Alliances

The group operates through a network of subsidiaries including Almondz Global Securities Ltd, Acrokx Reality Pvt Ltd, and Almondz Finanz Ltd.

🌍 External Factors

Industry Trends

The financial services industry is shifting toward consolidated corporate structures for better regulatory compliance and capital efficiency, evidenced by Avonmore's pending Scheme of Arrangement.

Competitive Landscape

Competes with other diversified financial services firms and NBFCs in the Indian market.

Competitive Moat

The company maintains a diversified financial services moat through its subsidiaries (Almondz), providing a mix of fee-based and fund-based income, though this is susceptible to market cycles and environmental disruptions.

Macro Economic Sensitivity

Highly sensitive to capital market performance, which dictates 'Fees and Commission' income (83.3% of Q2 revenue) and fair value gains on investments.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013 and Ind-AS accounting standards. The pending Composite Scheme of Arrangement requires approval from Stock Exchanges and other regulatory bodies.

Taxation Policy Impact

The company provided for current tax of INR 0.63 Cr for the half-year ended Sept 30, 2025.

Legal Contingencies

The company has a pending Composite Scheme of Arrangement filed with Stock Exchanges. A proposed preferential issue of equity shares was withdrawn specifically to avoid legal/regulatory complications regarding capital structure changes during this approval period.

⚠️ Risk Analysis

Key Uncertainties

Regulatory risk regarding the approval of the Scheme of Arrangement and environmental risk (weather-related shutdowns) which recently reduced subsidiary profits by 65% QoQ (INR 3.67 Cr vs INR 10.55 Cr).