Avantel Ltd
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]
- Market Cap ₹ 4,181 Cr.
- Current Price ₹ 158
- High / Low ₹ 213 / 90.3
- Stock P/E 69.7
- Book Value ₹ 9.36
- Dividend Yield 0.13 %
- ROCE 37.0 %
- ROE 28.6 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 41.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
- Company's median sales growth is 35.1% 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.
Peer comparison
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 25 | 25 | 34 | 52 | 51 | 52 | 78 | 105 | 154 | 224 | 248 | |
11 | 21 | 21 | 30 | 40 | 36 | 37 | 56 | 77 | 105 | 140 | 153 | |
Operating Profit | 2 | 4 | 4 | 4 | 11 | 14 | 15 | 22 | 28 | 49 | 84 | 95 |
OPM % | 15% | 16% | 16% | 11% | 22% | 28% | 30% | 29% | 26% | 32% | 38% | 38% |
0 | 1 | 0 | 1 | 15 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | |
Interest | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 5 | 4 | 3 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 7 | 11 |
Profit before tax | -1 | 1 | 1 | 1 | 24 | 12 | 13 | 18 | 24 | 40 | 74 | 83 |
Tax % | -10% | 26% | 9% | 16% | 28% | 23% | 17% | 17% | 19% | 25% | 26% | 28% |
-1 | 1 | 1 | 1 | 17 | 10 | 11 | 15 | 19 | 30 | 55 | 60 | |
EPS in Rs | -0.04 | 0.03 | 0.02 | 0.03 | 0.66 | 0.36 | 0.41 | 0.58 | 0.73 | 1.14 | 2.11 | 2.26 |
Dividend Payout % | 0% | 68% | 69% | 92% | 9% | 21% | 15% | 11% | 8% | 5% | 9% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 26% |
5 Years: | 37% |
3 Years: | 33% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 58% |
5 Years: | 41% |
3 Years: | 46% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 59% |
5 Years: | 109% |
3 Years: | 105% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 28% |
5 Years: | 31% |
3 Years: | 32% |
Last Year: | 29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 16 | 49 | 49 |
Reserves | 17 | 16 | 16 | 17 | 33 | 39 | 48 | 62 | 80 | 96 | 123 | 199 |
11 | 9 | 9 | 10 | 0 | 0 | 0 | 3 | 16 | 30 | 18 | 26 | |
3 | 3 | 3 | 3 | 6 | 4 | 15 | 17 | 11 | 12 | 34 | 23 | |
Total Liabilities | 34 | 32 | 32 | 34 | 43 | 47 | 67 | 87 | 110 | 154 | 223 | 298 |
15 | 14 | 13 | 13 | 12 | 12 | 14 | 16 | 25 | 26 | 44 | 95 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 7 | 9 | 16 | 5 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 12 | 17 | 30 |
18 | 18 | 19 | 21 | 31 | 36 | 53 | 70 | 73 | 108 | 146 | 168 | |
Total Assets | 34 | 32 | 32 | 34 | 43 | 47 | 67 | 87 | 110 | 154 | 223 | 298 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | 4 | 4 | 2 | 9 | 4 | 3 | 45 | -30 | 4 | 68 | 50 | |
-1 | 0 | -1 | -2 | 4 | -1 | 0 | -42 | 20 | -13 | -45 | -57 | |
2 | -4 | -2 | -0 | -12 | -4 | -3 | -3 | 9 | 8 | -23 | 8 | |
Net Cash Flow | -1 | 0 | 0 | -0 | 1 | -0 | 0 | 0 | -1 | 0 | 0 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 121 | 67 | 61 | 105 | 63 | 139 | 208 | 62 | 126 | 94 | 104 | 104 |
Inventory Days | 459 | 551 | 190 | 122 | 62 | 139 | 34 | 130 | 257 | 219 | 346 | |
Days Payable | 20 | 14 | 12 | 38 | 4 | 43 | 4 | 5 | 17 | 28 | 11 | |
Cash Conversion Cycle | 121 | 505 | 597 | 282 | 147 | 197 | 305 | 91 | 251 | 334 | 295 | 439 |
Working Capital Days | 387 | 191 | 204 | 172 | 101 | 154 | 217 | 24 | 206 | 224 | 159 | 198 |
ROCE % | 0% | 9% | 9% | 9% | 29% | 33% | 29% | 33% | 30% | 37% | 48% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
2d - Avantel's credit ratings reaffirmed: Long-term A-, short-term A2+, stable outlook on Rs.69.50 Cr facilities.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
2d - Paid Rs.20,000 penalty for non-compliance of SEBI intimation regulation on May 1 board meeting.
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Postponement Of Inauguration Of New Facility Of Imeds Global Private Limited, A Wholly Owned Subsidiary Of Avantel Limited - Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
13 Jun - Postponement of inauguration of Imeds Global subsidiary facility; new date to be announced.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Jun
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Announcement Under Regulation 30 Of LODR - Inauguration Of New Facility Of Imeds Global Private Limited, A Wholly Owned Subsidiary Of Avantel Limited
10 Jun - Avantel's subsidiary inaugurates 25,000 sq.ft medical products facility at AMTZ, operational June 15, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2024TranscriptPPT
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May 2023TranscriptPPT
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May 2022TranscriptPPT
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May 2021TranscriptPPT
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]