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 ₹ 2,982 Cr.
- Current Price ₹ 123
- High / Low ₹ 140 / 31.0
- Stock P/E 56.4
- Book Value ₹ 5.58
- Dividend Yield 0.05 %
- ROCE 37.1 %
- ROE 30.7 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 35.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Cons
- Stock is trading at 22.0 times its book value
- Working capital days have increased from 151 days to 224 days
* 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
Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 43 | 13 | 25 | 25 | 34 | 52 | 51 | 52 | 78 | 105 | 154 | 235 | |
20 | 33 | 11 | 21 | 21 | 30 | 40 | 36 | 37 | 56 | 77 | 105 | 150 | |
Operating Profit | 6 | 10 | 2 | 4 | 4 | 4 | 11 | 14 | 15 | 22 | 28 | 49 | 84 |
OPM % | 24% | 24% | 15% | 16% | 16% | 11% | 22% | 28% | 30% | 29% | 26% | 32% | 36% |
0 | 0 | 0 | 1 | 0 | 1 | 15 | 1 | 1 | 1 | 1 | 0 | 1 | |
Interest | 0 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 5 | 5 |
Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 6 |
Profit before tax | 5 | 8 | -1 | 1 | 1 | 1 | 24 | 12 | 13 | 18 | 24 | 40 | 74 |
Tax % | 16% | 20% | 10% | 26% | 9% | 16% | 28% | 23% | 17% | 17% | 19% | 25% | |
4 | 7 | -1 | 1 | 1 | 1 | 17 | 10 | 11 | 15 | 19 | 30 | 53 | |
EPS in Rs | 0.15 | 0.24 | -0.04 | 0.04 | 0.02 | 0.04 | 0.71 | 0.39 | 0.44 | 0.63 | 0.79 | 1.23 | 2.18 |
Dividend Payout % | 23% | 17% | 0% | 68% | 69% | 92% | 9% | 21% | 15% | 11% | 8% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 24% |
3 Years: | 44% |
TTM: | 58% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 36% |
3 Years: | 41% |
TTM: | 100% |
Stock Price CAGR | |
---|---|
10 Years: | 64% |
5 Years: | 101% |
3 Years: | 155% |
1 Year: | 282% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 27% |
3 Years: | 28% |
Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 16 | 16 |
Reserves | 14 | 19 | 17 | 16 | 16 | 17 | 33 | 39 | 48 | 62 | 80 | 96 | 119 |
3 | 4 | 11 | 9 | 9 | 10 | 0 | 0 | 0 | 3 | 16 | 30 | 20 | |
4 | 5 | 3 | 3 | 3 | 3 | 6 | 4 | 15 | 17 | 11 | 12 | 28 | |
Total Liabilities | 25 | 33 | 34 | 32 | 32 | 34 | 43 | 47 | 67 | 87 | 110 | 154 | 183 |
9 | 16 | 15 | 14 | 13 | 13 | 12 | 12 | 14 | 16 | 25 | 26 | 27 | |
CWIP | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 7 | 9 | 12 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 12 | 13 |
14 | 17 | 18 | 18 | 19 | 21 | 31 | 36 | 53 | 70 | 73 | 108 | 132 | |
Total Assets | 25 | 33 | 34 | 32 | 32 | 34 | 43 | 47 | 67 | 87 | 110 | 154 | 183 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 8 | -2 | 4 | 4 | 2 | 9 | 4 | 3 | 45 | -30 | 4 | |
-4 | -6 | -1 | 0 | -1 | -2 | 4 | -1 | 0 | -42 | 20 | -13 | |
-3 | -1 | 2 | -4 | -2 | -0 | -12 | -4 | -3 | -3 | 9 | 8 | |
Net Cash Flow | -0 | 1 | -1 | 0 | 0 | -0 | 1 | -0 | 0 | 0 | -1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 100 | 99 | 121 | 67 | 61 | 105 | 63 | 139 | 208 | 62 | 126 | 94 |
Inventory Days | 284 | 22 | 459 | 551 | 190 | 122 | 62 | 139 | 34 | 130 | 257 | |
Days Payable | 39 | 5 | 20 | 14 | 12 | 38 | 4 | 43 | 4 | 5 | 17 | |
Cash Conversion Cycle | 346 | 116 | 121 | 505 | 597 | 282 | 147 | 197 | 305 | 91 | 251 | 334 |
Working Capital Days | 132 | 80 | 387 | 191 | 204 | 172 | 101 | 154 | 217 | 24 | 206 | 224 |
ROCE % | 25% | 38% | 0% | 9% | 9% | 9% | 29% | 33% | 29% | 33% | 30% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
20 Apr - Receipt of Service Order worth of Rs.1.84 Cr
- Board Meeting Intimation for Consideration Of Annual Audited Standalone And Consolidated Financial Results For The Fourth Quarter And Financial Year Ended 31 March 2024, Recommendation Of Final Dividend For The FY Ended 31 March 2024 And Other Matters. 15 Apr
- Compliance Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 5 Apr
- Press Release Issued By Lakshmee Foundation 5 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 4 Apr
Annual reports
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Financial Year 2023
from bse
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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 2011
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Financial Year 2010
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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]