Avalon Technologies Ltd
Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company with end-to-end capabilities in delivering box-build solutions, focusing on high-value precision-engineered products.[1]
- Market Cap ₹ 6,258 Cr.
- Current Price ₹ 938
- High / Low ₹ 1,074 / 514
- Stock P/E 108
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 9.50 %
- ROE 7.23 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 55.0% CAGR over last 5 years
Cons
- Stock is trading at 8.55 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.97%
- Company has a low return on equity of 6.03% over last 3 years.
- Earnings include an other income of Rs.30.4 Cr.
- Company has high debtors of 160 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|
367 | 327 | 369 | 435 | 479 | 442 | 632 | 682 | |
332 | 296 | 338 | 388 | 423 | 410 | 582 | 624 | |
Operating Profit | 35 | 31 | 31 | 47 | 56 | 32 | 49 | 57 |
OPM % | 9% | 10% | 8% | 11% | 12% | 7% | 8% | 8% |
1 | 1 | 3 | 7 | 5 | 19 | 27 | 30 | |
Interest | 20 | 20 | 17 | 12 | 18 | 3 | 3 | 3 |
Depreciation | 6 | 4 | 3 | 6 | 5 | 5 | 6 | 7 |
Profit before tax | 10 | 7 | 14 | 36 | 38 | 43 | 67 | 77 |
Tax % | 55% | 24% | 15% | 25% | 26% | 25% | 25% | |
5 | 6 | 12 | 27 | 28 | 32 | 51 | 58 | |
EPS in Rs | 327.80 | 369.93 | 727.61 | 1,705.07 | 4.90 | 4.94 | 7.64 | 8.78 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 13% |
TTM: | 53% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 23% |
TTM: | 102% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 79% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1 | 2 | 2 | 2 | 12 | 13 | 13 |
Reserves | 169 | 185 | 204 | 224 | 645 | 660 | 713 |
130 | 132 | 135 | 144 | 127 | 33 | 41 | |
74 | 82 | 117 | 75 | 160 | 76 | 137 | |
Total Liabilities | 375 | 402 | 457 | 444 | 944 | 782 | 903 |
27 | 31 | 36 | 42 | 46 | 54 | 91 | |
CWIP | 2 | 3 | 0 | 2 | 12 | 15 | 7 |
Investments | 0 | 11 | 86 | 87 | 88 | 192 | 194 |
346 | 357 | 334 | 312 | 798 | 522 | 611 | |
Total Assets | 375 | 402 | 457 | 444 | 944 | 782 | 903 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
50 | 36 | 84 | -4 | -19 | -10 | 4 | |
-1 | -9 | -79 | -5 | -15 | -205 | -8 | |
-41 | -17 | -3 | -10 | 449 | -181 | 6 | |
Net Cash Flow | 8 | 10 | 3 | -19 | 415 | -396 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 187 | 206 | 168 | 118 | 100 | 144 | 160 |
Inventory Days | 125 | 192 | 138 | 126 | 177 | 210 | 136 |
Days Payable | 70 | 98 | 123 | 63 | 66 | 53 | 82 |
Cash Conversion Cycle | 242 | 300 | 184 | 182 | 211 | 301 | 214 |
Working Capital Days | 133 | 148 | 55 | 84 | 79 | 236 | 196 |
ROCE % | 9% | 9% | 14% | 10% | 6% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Sep - Newspaper Advertisement regarding the 26th AGM of the Company.
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Letter To Shareholders Whose E-Mail Address Is Not Registered With Company/RTA/Dps
3 Sep - 26th AGM on September 26, 2025; Annual Report 2024-25 available at www.avalontec.com
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Business Responsibility and Sustainability Reporting (BRSR)
3 Sep - Submitted FY2024-25 BRSR; INR 1,00,000 compounding fee disclosed; part of Annual Report.
- Reg. 34 (1) Annual Report. 3 Sep
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Intimation Of 26Th Annual General Meeting Of The Company
3 Sep - AGM Sept 26, 2025; e-voting Sept 23–25; director reappointment; secretarial auditor appointed ₹2,50,000.
Annual reports
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024TranscriptPPTREC
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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Jun 2023TranscriptPPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
Business Area[1] They provide a full stack product and solution suite, from printed circuit board (“PCB”) design and assembly to the manufacture of complete electronic systems (“Box Build”), to global OEMs across the United States, China, Netherlands, and Japan.