| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 94604.77 | 99241.07 | 102157.91 | 107913 |
| Cost of Material Consumed | 62392.08 | 60444.83 | 65369 | 85231 |
| Change in Inventory | 1329.76 | -415.24 | 73.86 | -639 |
| Gross Margins | 34.05 | 39.09 | 36.01 | 21.02 |
| Employee Benefit Expenses | 4152.61 | 4370.39 | 4215.09 | 4507 |
| Other Expenses | 19183.01 | 28469.96 | 25380.14 | 10578 |
| EBITDA | 7547.31 | 6371.13 | 7119.82 | 8236 |
| OPM | 7.98 | 6.42 | 6.97 | 7.63 |
| Other Income | 508.75 | 584.03 | 797.41 | 1465 |
| Finance Cost | 304.17 | 216.77 | 211.7 | 154 |
| D&A | 608.7 | 660.39 | 837.74 | 932 |
| EBIT | 6938.61 | 5710.74 | 6282.08 | 7304 |
| EBIT Margins | 7.33 | 5.75 | 6.15 | 6.77 |
| PBT | 5286.19 | 6078 | 6838.95 | 8616 |
| PBT Margins | 5.59 | 6.12 | 6.69 | 7.98 |
| Tax | 1377.89 | 1607.6 | 1801.48 | 2240 |
| PAT | 3908.3 | 4470.4 | 5037.47 | 6376 |
| NPM | 4.13 | 4.5 | 4.93 | 5.91 |
| EPS | 831.2 | 950.74 | 1097.01 | 1396.71 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 7.98 | 6.42 | 6.97 | 7.63 |
| Net Profit Margin | 4.13 | 4.5 | 4.93 | 5.91 |
| Earning Per Share (Diluted) | 831.2 | 950.74 | 1097.01 | 1396.71 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 4018.49 | 3924.98 | 3775.67 | 3819 |
| CWIP | 42.01 | 0 | 50.2 | 50 |
| Investments | 9582.01 | 12313.83 | 12993.21 | 14400 |
| Trade Receivables | 3683.05 | 3798.49 | 3148.16 | 3402 |
| Inventory | 16619.76 | 12897.46 | 13582.92 | 13997 |
| Other Assets | 3176.5 | 4737.38 | 5322.34 | 6999 |
| Total Assets | 37121.82 | 37672.14 | 38872.5 | 42667 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 47.02 | 47.02 | 45.92 | 45.65 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 27196.4 | 30521.6 | 32396.03 | 36006 |
| Borrowings | 4194.03 | 585 | 390 | 0 |
| Trade Payables | 3609.67 | 3405.94 | 2706.5 | 3446 |
| Other Liabilities | 2074.7 | 3112.58 | 3334.05 | 3169.35 |
| Total Liabilities | 37121.82 | 37672.14 | 38872.5 | 42667 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 5286.19 | 6117.65 | 6838.95 | 8701 |
| OPBWC | 5963.51 | 6668.39 | 7100.81 | 8170 |
| Change in Receivables | -628.64 | -129.9 | 650.33 | -246 |
| Change in Inventories | -4726.75 | 3563.74 | -686.74 | -447 |
| Change in Payables | 391.41 | -203.73 | -699.44 | 740 |
| Other Changes | 382.56 | 910.85 | -679.49 | 1005 |
| Working Capital Change | -4581.42 | 4140.96 | -1415.34 | 1052 |
| Cash Generated From Operations | 1382.09 | 10809.35 | 5685.47 | 9222 |
| Tax | -1325.35 | -1530.23 | -1756.95 | -2263 |
| Cash Flow From Operations | 56.74 | 9279.12 | 3928.52 | 6959 |
| Purchase of PPE | -730.26 | -425.75 | -458.95 | -570 |
| Sale of PPE | 6.19 | 5.55 | 68.02 | 154 |
| Cash Flow From Investment | -1072.77 | -2922.86 | -575.89 | -4291 |
| Borrowing | 2335.15 | -3414.03 | -195 | -390 |
| Dividend | -1545.6 | -940.34 | -1474.51 | -1381 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -492.19 | -411.77 | -2007.23 | -729 |
| Cash Flow from Financing | 297.36 | -4766.14 | -3676.74 | -2500 |
| Net Cash Generated | -718.67 | 1590.12 | -324.11 | 168 |
| Cash at the Start | 812.64 | 133.88 | 1723.99 | 1429 |
| Cash at the End | 93.97 | 1724 | 1399.88 | 1597 |
A V Thomas & Co. Limited, established in 1935, is a diversified Indian company engaged in trading, manufacturing, and exports across multiple sectors. With a strong legacy of over eight decades, the company has built a reputation for quality and reliability through its various divisions — Consumer Products, Trading, Logistics, Exports, and Services.
The Consumer Products Division is one of the most prominent segments of the company, dealing primarily in packet tea, coffee, and premix beverages. These products are marketed in both retail and bulk forms, as well as in value-added variants. The company’s flagship brand, “AVT Premium”, holds a strong presence in the Indian tea market — ranked as the second largest selling Dust Tea brand and the third largest brand in the economy segment nationwide. AVT is also the fourth largest player in India in terms of total sales volume.
The Trading Division of A V Thomas & Co. handles a wide range of products, including cardamom, premix tea and coffee, vending machines, and dairy products. It also manufactures roofing materials, aluminum sheets, and related accessories. The company’s manufacturing facilities are equipped to maintain international quality standards, and its tea and coffee packing units in Coimbatore are ISO 22000:2005 certified, ensuring consistent quality and safety.
The Services Division mainly focuses on logistics and clearing & forwarding (C&F) activities, catering to both domestic and export markets. A V Thomas & Co. has a strong geographical presence in Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, and Odisha, with expanding operations in other parts of India as well. The company also exports its tea products to Middle Eastern countries, receiving consistently positive feedback from overseas customers.
A V Thomas & Co. Limited operates through its two subsidiaries — AVT Gavia Foods Private Limited and A V Thomas Investments Company Limited, which contribute to its overall growth and diversification.
Over the years, A V Thomas & Co. has shown resilience despite market challenges.
In 2018–19, the Consumer Products Division recorded a 10% volume growth, supported by strong market leadership in Kerala and a solid position in Tamil Nadu. The company expanded its distribution network in Andhra Pradesh, Karnataka, and Odisha. Although cardamom exports were affected by restrictions in Saudi Arabia, domestic sales remained robust. The Trading Division also saw a 16% growth in GI & GC sheets, and the Dairy Division introduced new products like milkshakes, achieving healthy volume growth.
In 2019–20, despite tough market conditions, the company achieved 4% volume growth in consumer products. AVT retained its leadership in Kerala and maintained strong sales in other southern states. However, roofing operations saw a 30% decline due to the slowdown in the construction industry. The pipe production facility at Perundurai, Tamil Nadu, began commercial operations during this period and performed satisfactorily. The Dairy Division showed notable improvement and was expected to turn profitable the following year.
In 2021–22, the pandemic affected overall performance, resulting in a 4% decline in consumer product volumes. Nonetheless, AVT continued to lead the Kerala tea market and sustained its position in Tamil Nadu. The roofing and logistics divisions experienced lower volumes due to pandemic-related disruptions, while the Dairy Division managed to maintain steady operations.
With its diversified business model, strong brand reputation, and consistent focus on quality, A V Thomas & Co. Limited remains a trusted name in India’s FMCG and trading sectors. The company’s continued innovation and strategic expansion ensure its sustained growth in both domestic and international markets.
Q1. How can I buy A V Thomas & Co. Limited Unlisted Shares?
You can purchase A V Thomas & Co. Limited Unlisted Shares through UnlistedZone by confirming your order at the quoted price. Provide your Client Master Report (CMR), PAN, and Cancelled Cheque as KYC documents.
Funds must be transferred via RTGS/NEFT/IMPS or cheque (no cash deposits). Shares are generally credited within 24 hours if payment is received before 2 PM.
Note: As per SEBI rules, these shares carry a 6-month lock-in period after listing before resale.
Q2. How can I sell A V Thomas & Co. Limited Unlisted Shares?
To sell your shares, confirm the selling price with UnlistedZone. You’ll receive their demat details to transfer your shares. After verification, funds are transferred to your bank within 24 hours through RTGS/NEFT/IMPS.
Note: The quoted price remains valid for 3 days; if shares are sent later, the new applicable price will apply.
Q3. What is the lock-in period for these shares?
VC Funds / FVCIs: 6 months from the acquisition date.
AIF Category-II: No lock-in.
Retail / HNIs / Corporates: 6 months post-IPO listing.
For SME IPOs, the lock-in is 1 year.
(SEBI reduced the standard lock-in from 1 year to 6 months in August 2021.)
Q4. What is a DIS and how is it used to sell shares?
A Delivery Instruction Slip (DIS) is used to transfer shares between demat accounts.
Offline DIS: Fill out a physical form with ISIN, quantity, amount, and DP details.
Online DIS: Some brokers (like Angel One) offer online transfer through their platforms.
Confirm with your broker if online DIS is available for faster processing.
Q5. What is the minimum investment amount?
Earlier, investing in unlisted shares required ?5–10 lakhs. Now, the minimum amount has reduced to around ?35,000–?50,000, making it accessible for small investors.
Q6. Is it legal to buy unlisted shares in India?
Yes. Buying and selling unlisted shares is completely legal and governed by SEBI regulations. Investors just need to ensure transactions follow official compliance and documentation requirements.
Q7. What taxes apply on short-term capital gains (STCG)?
If unlisted shares are sold within 2 years, the profit is treated as Short-Term Capital Gain and taxed as per your individual income tax slab rate.
Q8. What taxes apply on long-term capital gains (LTCG)?
For shares held more than 2 years, profits are taxed as Long-Term Capital Gains.
Tax Rate: 12.5% (as revised in Budget 2024).
Indexation: No longer applicable after July 23, 2024.
This applies to all investors, including HNIs and retail investors.
Q9. How are taxes applied once the shares get listed?
After listing, if you sell through a stock exchange:
Held over 1 year: Taxed as LTCG (for listed securities).
Sold within 1 year: Taxed as STCG.
The holding period is counted from the original purchase date when shares were still unlisted.
Q10. How do I check the credit of my unlisted shares?
You can verify your share credit through:
NSDL/CDSL apps: Use your demat account credentials to view holdings.
Broker’s app: Shares usually appear within T+2 days after transaction completion.
Ensure you know whether your demat is registered under NSDL or CDSL to use the right platform.