Avantel Ltd

Avantel Ltd

₹ 118 5.69%
26 Apr - close price
About

Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defence sectors. [1]

Key Points

Services
SATCOM: The Co develops customized solutions for INSAT based Mobile satellite services with advanced technologies for Military applications. It has developed a unique, real time and cost effective solution for position determination and location transmission of the rolling stock for Indian railways.
Wireless: The Co develops radar subsystems in the frequency band of 30MHz and 53 MHz, software controlled radios in V/UHF frequency band for voice and data communication for military applications, and building blocks of the radios which includes RF Front-end units,Synthesizers etc.
Software: The Co develops Embedded Systems, provides Electronic Design Services, Visual Simulation & GIS Services, Application Development and also creates Multimedia Solutions. [1]

  • Market Cap 2,869 Cr.
  • Current Price 118
  • High / Low 140 / 31.0
  • Stock P/E 51.7
  • Book Value 7.05
  • Dividend Yield 0.06 %
  • ROCE 47.5 %
  • ROE 39.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.3%
  • Company's median sales growth is 36.3% of last 10 years

Cons

  • Stock is trading at 16.7 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
29 14 15 29 47 27 36 39 52 69 54 59 42
22 9 10 21 37 19 26 27 33 54 29 34 23
Operating Profit 7 5 5 8 10 8 11 12 19 15 26 25 19
OPM % 26% 34% 33% 28% 21% 29% 29% 31% 36% 22% 47% 42% 46%
0 0 0 0 1 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 1 1 2 2 1 2 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 7 4 4 7 9 6 8 9 16 12 23 23 17
Tax % 15% 18% 18% 18% 21% 18% 18% 19% 35% 28% 27% 25% 22%
6 3 4 6 7 5 7 8 11 9 17 17 13
EPS in Rs 0.23 0.13 0.14 0.23 0.29 0.21 0.28 0.31 0.43 0.36 0.69 0.70 0.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 13 25 25 34 52 51 52 78 105 154 224
33 11 21 21 30 40 36 37 56 77 105 140
Operating Profit 10 2 4 4 4 11 14 15 22 28 49 84
OPM % 24% 15% 16% 16% 11% 22% 28% 30% 29% 26% 32% 38%
0 0 1 0 1 15 1 1 1 1 0 1
Interest 1 1 2 2 2 1 1 1 2 2 5 4
Depreciation 1 2 2 2 2 2 2 3 3 4 5 7
Profit before tax 8 -1 1 1 1 24 12 13 18 24 40 74
Tax % 20% 10% 26% 9% 16% 28% 23% 17% 17% 19% 25% 26%
7 -1 1 1 1 17 10 11 15 19 30 55
EPS in Rs 0.24 -0.04 0.04 0.02 0.04 0.71 0.39 0.44 0.63 0.79 1.23 2.28
Dividend Payout % 17% 0% 68% 69% 92% 9% 21% 15% 11% 8% 5% 9%
Compounded Sales Growth
10 Years: 33%
5 Years: 35%
3 Years: 42%
TTM: 45%
Compounded Profit Growth
10 Years: 51%
5 Years: 42%
3 Years: 54%
TTM: 85%
Stock Price CAGR
10 Years: 63%
5 Years: 99%
3 Years: 153%
1 Year: 269%
Return on Equity
10 Years: 27%
5 Years: 31%
3 Years: 33%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 16 49
Reserves 19 17 16 16 17 33 39 48 62 80 96 123
4 11 9 9 10 0 0 0 3 16 30 18
5 3 3 3 3 6 4 15 17 11 12 34
Total Liabilities 33 34 32 32 34 43 47 67 87 110 154 223
16 15 14 13 13 12 12 14 16 25 26 44
CWIP 0 0 0 0 0 0 0 0 1 7 9 16
Investments 0 0 0 0 0 0 0 0 0 5 12 17
17 18 18 19 21 31 36 53 70 73 108 146
Total Assets 33 34 32 32 34 43 47 67 87 110 154 223

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 -2 4 4 2 9 4 3 45 -30 4 68
-6 -1 0 -1 -2 4 -1 0 -42 20 -13 -45
-1 2 -4 -2 -0 -12 -4 -3 -3 9 8 -23
Net Cash Flow 1 -1 0 0 -0 1 -0 0 0 -1 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 99 121 67 61 105 63 139 208 62 126 94 104
Inventory Days 22 459 551 190 122 62 139 34 130 257 219
Days Payable 5 20 14 12 38 4 43 4 5 17 28
Cash Conversion Cycle 116 121 505 597 282 147 197 305 91 251 334 295
Working Capital Days 80 387 191 204 172 101 154 217 24 206 224 158
ROCE % 38% 0% 9% 9% 9% 29% 33% 29% 33% 30% 37%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
40.36% 40.14% 40.14% 40.14% 40.14% 40.14% 40.14% 40.14% 40.10% 40.10% 40.10% 40.06%
0.00% 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.01% 0.01% 0.00%
59.64% 59.47% 59.86% 59.86% 59.86% 59.86% 59.87% 59.86% 59.88% 59.89% 59.89% 59.94%
No. of Shareholders 6,9187,8877,9768,00411,58913,60916,12116,42821,61447,13582,75998,052

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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