Avantel Ltd

About [ edit ]

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 an in-house R&D facility at Vishakhapatnam, Andhra Pradesh.

  • Market Cap 173 Cr.
  • Current Price 428
  • High / Low 479 / 188
  • Stock P/E 11.3
  • Book Value 163
  • Dividend Yield 0.94 %
  • ROCE 33.9 %
  • ROE 26.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 92.50% CAGR over last 5 years
  • Debtor days have improved from 136.34 to 61.40 days.

Cons

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
12.18 10.08 14.05 14.48 8.68 8.06 13.48 21.69 11.13 12.52 24.99 29.06
8.55 8.54 9.24 10.23 6.68 4.92 9.32 15.84 8.50 7.53 17.90 21.61
Operating Profit 3.63 1.54 4.81 4.25 2.00 3.14 4.16 5.85 2.63 4.99 7.09 7.45
OPM % 29.80% 15.28% 34.23% 29.35% 23.04% 38.96% 30.86% 26.97% 23.63% 39.86% 28.37% 25.64%
Other Income 0.04 0.26 0.06 0.54 0.35 0.35 0.08 0.41 0.19 0.13 0.14 0.44
Interest 0.12 0.12 0.12 0.22 0.11 0.11 0.12 0.51 0.34 0.37 0.43 0.38
Depreciation 0.47 0.51 0.53 0.54 0.51 0.58 0.60 1.02 0.72 0.75 0.76 0.80
Profit before tax 3.08 1.17 4.22 4.03 1.73 2.80 3.52 4.73 1.76 4.00 6.04 6.71
Tax % 21.43% 47.01% 21.56% 19.60% 21.39% 15.00% 17.61% 13.11% 18.18% 17.75% 17.55% 15.05%
Net Profit 2.42 0.62 3.31 3.23 1.36 2.38 2.90 4.12 1.45 3.29 4.97 5.69
EPS in Rs 5.97 1.53 8.16 7.97 3.35 5.87 7.15 10.16 3.58 8.11 12.26 14.03

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
21 22 26 43 13 25 25 34 52 51 52 78
19 18 20 33 11 21 21 30 40 36 37 56
Operating Profit 3 5 6 10 2 4 4 4 11 14 15 22
OPM % 12% 21% 24% 24% 15% 16% 16% 11% 22% 28% 30% 29%
Other Income 0 0 0 0 0 1 0 1 15 1 1 1
Interest 0 0 0 1 1 2 2 2 1 1 1 2
Depreciation 1 1 1 1 2 2 2 2 2 2 3 3
Profit before tax 1 3 5 8 -1 1 1 1 24 12 13 18
Tax % 8% 21% 16% 20% 10% 26% 9% 16% 28% 23% 17% 17%
Net Profit 1 2 4 7 -1 1 1 1 17 10 11 15
EPS in Rs 2.61 5.23 8.68 14.54 -2.46 2.20 1.46 2.17 42.67 23.65 26.54 37.81
Dividend Payout % 38% 29% 23% 17% 0% 68% 69% 92% 9% 21% 15% 11%
Compounded Sales Growth
10 Years:13%
5 Years:26%
3 Years:15%
TTM:50%
Compounded Profit Growth
10 Years:20%
5 Years:93%
3 Years:33%
TTM:42%
Stock Price CAGR
10 Years:22%
5 Years:27%
3 Years:-7%
1 Year:106%
Return on Equity
10 Years:18%
5 Years:22%
3 Years:24%
Last Year:26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5 5 4 4 4 4 4 4 4 4 4 4
Reserves 11 13 14 19 17 16 16 17 33 39 48 62
Borrowings 0 2 3 4 11 9 9 10 0 0 0 0
3 3 4 5 3 3 3 3 6 4 15 21
Total Liabilities 19 23 25 33 34 32 32 34 43 47 67 87
6 9 9 16 15 14 13 13 12 12 14 16
CWIP 0 0 3 0 0 0 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
13 14 14 17 18 18 19 21 31 36 53 70
Total Assets 19 23 25 33 34 32 32 34 43 47 67 87

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4 3 6 8 -2 4 4 2 9 4 3 45
-2 -5 -4 -6 -1 0 -1 -2 4 -1 0 -42
-3 1 -3 -1 2 -4 -2 -0 -12 -4 -3 -3
Net Cash Flow -1 -1 -0 1 -1 0 0 -0 1 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 10% 20% 25% 38% 0% 9% 9% 9% 29% 33% 29% 34%
Debtor Days 113 140 100 99 121 67 61 105 63 139 208 61
Inventory Turnover 4.38 2.54 1.44 6.31 -0.44 0.77 0.74 1.50 2.83 3.24 3.66 7.10

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
36.30 36.84 38.08 38.26 38.69 39.52 40.87 40.87 40.87 40.48 40.48 40.36
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 0.00 0.00 0.00 0.00
63.68 63.16 61.92 61.74 61.31 60.48 59.07 59.13 59.13 59.52 59.52 59.64

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