ALFA Finder
| Market Cap | ₹147.99 CrSmall Cap |
|---|---|
| P/E TTM | 40.73Sector 32.38 |
| Promoter Holding | 68.57%Zero Pledge |
| Annual Revenue | ₹39.01 Cr18.72% YoY Growth |
Key highlights
- Autofurnish to hold a majority 50.5% stake in the newly formed subsidiary
- 3003BC Lifestyle Private Limited to hold the remaining 49.5% stake
- The partnership targets the automotive fragrance segment including car gels and mists
- Manufacturing will begin with 3003BC and transition to a dedicated Autofurnish facility
- Acquisition of shares will be executed at face value for the initial equity capital
New Venture Details and Strategic Scope
Autofurnish Limited's move into the automotive fragrance and car-care segment through Wagenlov Private Limited represents a strategic diversification of its brand portfolio. The partnership with 3003BC Lifestyle Private Limited leverages a joint manufacturing and marketing model to capture the growing demand for premium car accessories in India. While the target entity is yet to be incorporated, the parties intend to develop Wagenlov-branded products such as car gels and mists.
This follows a pattern of expansion for Autofurnish, which recorded an annual revenue growth of 18.72 percent in the previous fiscal year and recently expanded its footprint into the electric mobility space.
MoU Terms and Operational Roadmap
- Wagenlov Private Limited is currently in the pre-incorporation phase
- Initial equity subscription will be at face value as mutually agreed by parties
- Operations include development, marketing, and sales of automotive fragrances
- 3003BC will handle phased manufacturing in the initial stages of the rollout
- Autofurnish plans to establish its own manufacturing facility for the brand in due course
- Definitive agreements for IP assignment and distribution are pending execution
Recent Expansion and Financial Context
This partnership comes shortly after Autofurnish's September 2026 acquisition of a 55 percent stake in Chhariot EMob Private Limited for 2.50 crore rupees, marking its entry into electric mobility. The company's current market capitalization stands at 147.99 crore rupees with a price-to-earnings ratio of 40.73, closely aligned with the industry average of 41.5. Despite a monthly price decline of 12.05 percent, the company maintains a steady promoter holding of 68.57 percent and reported a net profit of 3.63 crore rupees for the last annual period.
The stock is currently trading at a price-to-book value of 7 with an RSI of 51.74.
| Date | Announcement | Amount |
|---|---|---|
| 04 Sep 2026 | Acquisition of 55% stake in Chhariot EMob Private Limited and sanction of inter-corporate loan to expand into electric mobilitySource: corporate.autofurnish.com | ₹2.50 Cr |
What to watch next
- Board meeting results for the half-year ended September 30, 2026, scheduled for November 12, 2026
- Execution of definitive shareholders' agreement and IP assignment documents
- Formal incorporation of Wagenlov Private Limited as a subsidiary of Autofurnish
| Share price | ₹109.5 |
|---|---|
| Market capitalisation | ₹147.99 Cr |
| Revenue (annual) | ₹39.01 Cr |
| Net profit (annual) | ₹3.63 Cr |
| P/E (TTM) | 40.73×Sector 32.38× |
| Promoter holding | 68.57% |
| FII holding | 0.67%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Autofurnish Limited announcing the execution of an MoU to establish a new subsidiary company. Market figures from a third-party data provider.
