Avantel Ltd

Avantel Ltd

₹ 115 1.45%
24 May - 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 2,801 Cr.
  • Current Price 115
  • High / Low 140 / 32.7
  • Stock P/E 53.3
  • Book Value 6.75
  • Dividend Yield 0.17 %
  • ROCE 47.4 %
  • ROE 38.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%

Cons

  • Stock is trading at 17.1 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

Consolidated Figures in Rs. Crores / View Standalone

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 53 69 54 59 42
22 9 10 21 38 20 26 28 34 55 29 35 24
Operating Profit 7 5 5 8 9 7 10 11 18 14 25 24 18
OPM % 26% 34% 33% 27% 19% 27% 28% 29% 35% 21% 46% 41% 43%
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 2 2 2 2 2 2
Profit before tax 7 4 4 7 8 5 8 8 15 11 22 22 16
Tax % 15% 18% 18% 18% 24% 20% 19% 21% 37% 30% 28% 26% 23%
6 3 3 5 6 4 6 7 10 8 16 16 12
EPS in Rs 0.23 0.13 0.14 0.22 0.25 0.18 0.25 0.27 0.40 0.33 0.66 0.67 0.50
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16 23 78 105 154 224
14 18 56 78 108 143
Operating Profit 2 5 22 27 47 82
OPM % 12% 22% 29% 25% 30% 36%
0 0 1 1 0 1
Interest 1 1 2 2 5 4
Depreciation 1 1 3 4 6 8
Profit before tax 1 3 18 22 37 72
Tax % 10% 34% 17% 20% 27% 27%
1 2 15 18 27 53
EPS in Rs 0.03 0.07 0.63 0.74 1.10 2.16
Dividend Payout % 0% 24% 11% 9% 6% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 42%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 51%
TTM: 96%
Stock Price CAGR
10 Years: 58%
5 Years: 92%
3 Years: 136%
1 Year: 252%
Return on Equity
10 Years: %
5 Years: %
3 Years: 32%
Last Year: 39%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 4 4 16 49
Reserves 6 8 62 78 91 115
0 0 3 16 30 18
9 6 17 11 12 34
Total Liabilities 21 19 87 109 149 216
7 8 16 27 31 48
CWIP 0 0 1 7 9 18
Investments 0 0 0 0 0 0
14 12 70 75 110 149
Total Assets 21 19 87 109 149 216

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 -1 45 -32 2 65
-1 -1 -42 23 -10 -42
-0 -0 -3 9 8 -23
Net Cash Flow 3 -2 0 -0 -0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 134 93 62 126 94 104
Inventory Days 143 122 34 131 258 218
Days Payable 329 112 4 6 18 28
Cash Conversion Cycle -52 103 91 251 334 295
Working Capital Days 33 81 24 211 227 162
ROCE % 33% 29% 35% 47%

Shareholding Pattern

Numbers in percentages

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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