Avantel Ltd

₹ 146 -0.03%

23 Sep 10:44 a.m.

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

Business Overview^[1]
The company is engaged in the design, development and manufacturing of wireless front-end systems, satellite communication solutions, embedded systems, signal processing and network management products, along with software development and related customer support services.

Website BSE NSE

Market Cap ₹ 3,894 Cr.
Current Price ₹ 146
High / Low ₹ 215 / 117
Stock P/E 153
Book Value ₹ 13.4
Dividend Yield 0.14 %
ROCE 11.5 %
ROE 7.53 %
Face Value ₹ 2.00

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Pros

Company's median sales growth is 35.7% of last 10 years

Cons

Stock is trading at 10.9 times its book value
Promoter holding has decreased over last 3 years: -3.06%

* 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

Part of BSE Industrials

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.90	54.20	59.10	41.71	51.65	77.25	70.44	49.14	51.84	55.12	51.25	63.15	70.12
	54.06	28.69	34.07	22.68	36.88	41.98	37.65	36.59	40.49	42.42	37.32	47.75	50.98
Operating Profit	14.84	25.51	25.03	19.03	14.77	35.27	32.79	12.55	11.35	12.70	13.93	15.40	19.14
OPM %	21.54%	47.07%	42.35%	45.62%	28.60%	45.66%	46.55%	25.54%	21.89%	23.04%	27.18%	24.39%	27.30%
	0.13	0.37	0.34	0.46	0.30	0.49	0.49	0.48	0.05	0.91	0.41	1.09	0.12
Interest	1.49	1.51	0.87	0.30	0.64	0.72	1.02	0.66	0.80	1.25	1.77	1.81	1.74
Depreciation	1.40	1.54	1.75	2.37	2.77	2.87	2.95	2.80	3.90	4.24	4.83	5.06	6.60
Profit before tax	12.08	22.83	22.75	16.82	11.66	32.17	29.31	9.57	6.70	8.12	7.74	9.62	10.92
Tax %	28.06%	26.85%	25.36%	22.18%	30.70%	26.73%	28.66%	23.09%	31.04%	24.01%	39.79%	26.72%	30.22%
	8.69	16.71	16.97	13.08	8.08	23.57	20.90	7.36	4.62	6.17	4.66	7.05	7.62
EPS in Rs	0.33	0.63	0.64	0.50	0.31	0.89	0.79	0.28	0.17	0.23	0.18	0.27	0.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	25	25	34	52	51	52	78	105	154	224	248	221	240
	21	21	30	40	36	37	56	77	105	140	153	168	178
Operating Profit	4	4	4	11	14	15	22	28	49	84	95	54	61
OPM %	16%	16%	11%	22%	28%	30%	29%	26%	32%	38%	38%	24%	26%
	1	0	1	15	1	1	1	1	0	1	2	2	3
Interest	2	2	2	1	1	1	2	2	5	4	3	6	7
Depreciation	2	2	2	2	2	3	3	4	5	7	11	18	21
Profit before tax	1	1	1	24	12	13	18	24	40	74	83	32	36
Tax %	26%	9%	16%	28%	23%	17%	17%	19%	25%	26%	28%	30%
	1	1	1	17	10	11	15	19	30	55	60	22	26
EPS in Rs	0.03	0.02	0.03	0.66	0.36	0.41	0.58	0.73	1.14	2.11	2.26	0.85	0.97
Dividend Payout %	68%	69%	92%	9%	21%	15%	11%	8%	5%	9%	8%	24%

Compounded Sales Growth
10 Years:	25%
5 Years:	23%
3 Years:	13%
TTM:	-4%

Compounded Profit Growth
10 Years:	44%
5 Years:	8%
3 Years:	-9%
TTM:	-55%

Stock Price CAGR
10 Years:	54%
5 Years:	66%
3 Years:	29%
1 Year:	-24%

Return on Equity
10 Years:	23%
5 Years:	23%
3 Years:	21%
Last Year:	8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	4	16	49	49	53
Reserves	16	16	17	33	39	48	62	80	96	123	199	303
	9	9	10	0	0	0	3	16	30	18	26	34
	3	3	3	6	4	15	17	11	12	34	23	36
Total Liabilities	32	32	34	43	47	67	87	110	154	223	298	427
	14	13	13	12	12	14	16	25	26	44	95	162
CWIP	0	0	0	0	0	0	1	7	9	16	5	6
Investments	0	0	0	0	0	0	0	5	12	17	30	43
	18	19	21	31	36	53	70	73	108	146	168	216
Total Assets	32	32	34	43	47	67	87	110	154	223	298	427

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	4	2	9	4	3	45	-30	4	68	50	20
	0	-1	-2	4	-1	0	-42	20	-13	-45	-57	-103
	-4	-2	-0	-12	-4	-3	-3	9	8	-23	8	86
Net Cash Flow	0	0	-0	1	-0	0	0	-1	0	0	2	4
Free Cash Flow	4	2	0	24	3	1	39	-49	-3	39	-1	-71
CFO/OP	96%	98%	49%	132%	48%	35%	217%	-93%	26%	97%	85%	54%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	67	61	105	63	139	208	62	126	94	104	104	117
Inventory Days	459	551	190	122	62	139	34	130	257	219	346	519
Days Payable	20	14	12	38	4	43	4	5	17	28	11	10
Cash Conversion Cycle	505	597	282	147	197	305	91	251	334	295	439	626
Working Capital Days	122	115	74	101	154	217	24	162	158	140	184	238
ROCE %	9%	9%	9%	29%	33%	29%	33%	30%	37%	48%	37%	11%

Insights

In beta

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Permanent Employees
Count

xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
xx.xx	xx.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx	x.xx	x.xx	x.xx		x.xx		x.xx	x.xx	x.xx
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					xxx	xxx	xxx			xxx
	xx.xx	x.xx	x.xx				x.xx		x.xx	x.xx

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R&D Expenditure as % of Turnover
%

Export Revenue Share of Total Turnover
%

Communications Segment Revenue Share
%

Healthcare (Imeds) Segment Revenue Share
%

Order Book Position
Rs Crore

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.10%	40.10%	40.06%	40.06%	40.06%	38.58%	38.57%	37.15%	37.15%	37.08%	37.04%	37.04%
	0.00%	0.00%	0.00%	0.01%	0.11%	0.18%	0.48%	0.47%	0.66%	0.60%	0.55%	1.54%
	0.01%	0.01%	0.00%	0.36%	0.65%	0.92%	0.43%	0.18%	0.16%	0.00%	0.92%	1.14%
	59.89%	59.89%	59.94%	59.56%	59.18%	60.33%	60.52%	62.20%	62.03%	62.32%	61.48%	60.28%
No. of Shareholders	47,135	82,759	98,052	1,49,081	1,94,783	2,04,932	2,08,381	2,21,646	2,09,275	2,04,063	1,97,774	1,89,918

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	37.47%	36.30%	38.26%	40.87%	40.36%	40.14%	40.14%	40.06%	38.57%	37.04%	37.04%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.48%	0.55%	1.54%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.43%	0.92%	1.14%
	62.53%	63.68%	61.74%	59.13%	59.64%	59.86%	59.86%	59.94%	60.52%	61.48%	60.28%
No. of Shareholders	3,978	5,028	4,846	4,555	6,410	8,004	16,428	98,052	2,08,381	1,97,774	1,89,918

* 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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