Avantel Ltd

Avantel is a company engaged in manufacturing of wireless front-end, Satellite Communication, Embedded systems, Signal Processing, Network management and Software development and rendering related customer support services, and having R&D facility at Vishakhapatnam, Andhra Pradesh.(Source : 201903 Annual Report Page No: 78)

  • Market Cap: 165.89 Cr.
  • Current Price: 409.15
  • 52 weeks High / Low 478.90 / 140.00
  • Book Value: 127.46
  • Stock P/E: 15.29
  • Dividend Yield: 0.98 %
  • ROCE: 29.26 %
  • ROE: 22.72 %
  • Sales Growth (3Yrs): 15.63 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Company has delivered good profit growth of 77.54% CAGR over last 5 years
Cons:
Tax rate seems low
Company has high debtors of 208.44 days.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Telecomm Equipment & Infra Services // Industry: Telecommunications - Equipment

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
11.67 16.39 14.26 12.18 10.08 14.05 14.48 8.68 8.06 13.48 21.69 11.13
7.16 11.78 13.48 8.55 8.54 9.24 10.23 6.68 4.92 9.32 15.84 8.50
Operating Profit 4.51 4.61 0.78 3.63 1.54 4.81 4.25 2.00 3.14 4.16 5.85 2.63
OPM % 38.65% 28.13% 5.47% 29.80% 15.28% 34.23% 29.35% 23.04% 38.96% 30.86% 26.97% 23.63%
Other Income 0.06 0.05 0.20 0.04 0.26 0.06 0.54 0.35 0.35 0.08 0.41 0.19
Interest 0.08 0.24 0.25 0.12 0.12 0.12 0.22 0.11 0.11 0.12 0.51 0.34
Depreciation 0.35 0.44 0.49 0.47 0.51 0.53 0.54 0.51 0.58 0.60 1.02 0.72
Profit before tax 4.14 3.98 0.24 3.08 1.17 4.22 4.03 1.73 2.80 3.52 4.73 1.76
Tax % 21.26% 21.36% 633.33% 21.43% 47.01% 21.56% 19.60% 21.39% 15.00% 17.61% 13.11% 18.18%
Net Profit 3.25 3.13 -1.29 2.42 0.62 3.31 3.23 1.36 2.38 2.90 4.12 1.45
EPS in Rs 8.03 7.72 -3.18 5.96 1.54 8.17 7.98 3.35 5.87 7.16 10.15 3.57
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
26 21 22 26 43 13 25 25 34 52 51 52 54
21 19 18 20 33 11 21 21 30 40 36 37 39
Operating Profit 4 3 5 6 10 2 4 4 4 11 14 15 16
OPM % 17% 12% 21% 24% 24% 15% 16% 16% 11% 22% 28% 30% 29%
Other Income 0 0 0 0 0 0 1 0 1 15 1 1 1
Interest 0 0 0 0 1 1 2 2 2 1 1 1 1
Depreciation 1 1 1 1 1 2 2 2 2 2 2 3 3
Profit before tax 3 1 3 5 8 -1 1 1 1 24 12 13 13
Tax % 26% 8% 21% 16% 20% 10% 26% 9% 16% 28% 23% 17%
Net Profit 2 1 2 4 7 -1 1 1 1 17 10 11 11
EPS in Rs 4.56 2.44 4.97 8.35 14.12 0.00 1.90 1.46 2.18 42.67 23.65 26.53 26.75
Dividend Payout % 26% 38% 29% 23% 17% 0% 68% 69% 92% 9% 21% 15%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.23%
5 Years:15.48%
3 Years:15.63%
TTM:14.95%
Compounded Profit Growth
10 Years:24.32%
5 Years:77.54%
3 Years:131.26%
TTM:27.35%
Stock Price CAGR
10 Years:20.14%
5 Years:38.88%
3 Years:19.83%
1 Year:94.88%
Return on Equity
10 Years:16.05%
5 Years:18.12%
3 Years:23.11%
Last Year:22.72%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 5 5 4 4 4 4 4 4 4 4 4
Reserves 12 11 13 14 19 17 16 16 17 33 39 48
Borrowings 0 0 2 3 4 11 9 9 10 0 0 0
7 3 3 4 5 3 3 3 3 6 4 15
Total Liabilities 24 19 23 25 33 34 32 32 34 43 47 67
6 6 9 9 16 15 14 13 13 12 12 14
CWIP 0 0 0 3 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
18 13 14 14 17 18 18 19 21 31 36 53
Total Assets 24 19 23 25 33 34 32 32 34 43 47 67

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 4 3 6 8 -2 4 4 2 9 4 3
-1 -2 -5 -4 -6 -1 0 -1 -2 4 -1 0
-1 -3 1 -3 -1 2 -4 -2 -0 -12 -4 -3
Net Cash Flow -0 -1 -1 -0 1 -1 0 0 -0 1 -0 0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 22% 10% 20% 25% 38% 0% 9% 9% 9% 29% 33% 29%
Debtor Days 116 113 140 100 99 121 67 61 105 63 139 208
Inventory Turnover 4.42 4.38 2.54 1.44 6.31 -0.44 0.77 0.74 1.50 2.83 3.24 3.66

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
37.14 36.30 36.30 36.30 36.30 36.84 38.08 38.26 38.69 39.52 40.87 40.87
0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00
62.86 63.70 63.70 63.68 63.68 63.16 61.92 61.74 61.31 60.48 59.07 59.13