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 ₹ 5,839 Cr.
- Current Price ₹ 878
- High / Low ₹ 1,074 / 425
- Stock P/E 163
- Book Value ₹ 104
- Dividend Yield 0.00 %
- ROCE 5.67 %
- ROE 4.48 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 44.1% CAGR over last 5 years
Cons
- Stock is trading at 8.43 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.78% over past five years.
- Company has a low return on equity of 6.46% over last 3 years.
- Earnings include an other income of Rs.30.6 Cr.
* 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: Consumer Durables Industry: Electronics - Components
Part of BSE Allcap BSE Industrials BSE SmallCap Nifty Microcap 250 Nifty Total Market
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 | TTM | |
---|---|---|---|---|---|---|---|
367 | 327 | 369 | 435 | 479 | 442 | 541 | |
332 | 296 | 338 | 388 | 423 | 410 | 515 | |
Operating Profit | 35 | 31 | 31 | 47 | 56 | 32 | 25 |
OPM % | 9% | 10% | 8% | 11% | 12% | 7% | 5% |
1 | 1 | 3 | 7 | 5 | 19 | 31 | |
Interest | 20 | 20 | 17 | 12 | 18 | 3 | 2 |
Depreciation | 6 | 4 | 3 | 6 | 5 | 5 | 6 |
Profit before tax | 10 | 7 | 14 | 36 | 38 | 43 | 48 |
Tax % | 55% | 24% | 15% | 25% | 26% | 25% | |
5 | 6 | 12 | 27 | 28 | 32 | 36 | |
EPS in Rs | 327.80 | 369.93 | 727.61 | 1,705.07 | 4.90 | 4.94 | 5.43 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 6% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 44% |
3 Years: | 37% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1 | 2 | 2 | 2 | 12 | 13 | 13 |
Reserves | 169 | 185 | 204 | 224 | 645 | 660 | 676 |
130 | 132 | 135 | 144 | 127 | 33 | 32 | |
74 | 83 | 117 | 75 | 160 | 76 | 107 | |
Total Liabilities | 375 | 403 | 457 | 444 | 944 | 782 | 828 |
27 | 31 | 36 | 42 | 46 | 54 | 57 | |
CWIP | 2 | 3 | 0 | 2 | 12 | 15 | 22 |
Investments | 0 | 11 | 86 | 87 | 88 | 192 | 166 |
346 | 358 | 334 | 312 | 798 | 522 | 584 | |
Total Assets | 375 | 403 | 457 | 444 | 944 | 782 | 828 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
50 | 36 | 84 | -4 | -19 | -10 | |
-1 | -9 | -79 | -5 | -15 | -205 | |
-41 | -17 | -3 | -10 | 449 | -181 | |
Net Cash Flow | 8 | 10 | 3 | -19 | 415 | -396 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 187 | 206 | 168 | 118 | 100 | 144 |
Inventory Days | 125 | 192 | 138 | 126 | 177 | 210 |
Days Payable | 70 | 98 | 123 | 63 | 66 | 53 |
Cash Conversion Cycle | 242 | 300 | 184 | 182 | 211 | 301 |
Working Capital Days | 258 | 278 | 177 | 184 | 157 | 259 |
ROCE % | 9% | 9% | 14% | 10% | 6% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR) - Update On Investment
19h - Avalon acquires 4.05% stake in Zepco via equity and CCPS allotment at INR 306.55 per share.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Earnings Call for the Quarter and Financial Year ended March 31, 2025.
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Board Meeting Intimation for The Board Meeting To Be Held On May 06, 2025
28 Apr - Board meeting on May 6, 2025, to approve FY25 audited financial results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Apr - RTA Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
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Announcement under Regulation 30 (LODR)-Acquisition
10 Apr - Avalon Technologies to invest in Zepco Technologies.
Concalls
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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.