Avalon Technologies Ltd

Avalon Technologies Ltd

₹ 504 0.55%
21 Feb 4:12 p.m.
About

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]

Key Points

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.

  • Market Cap 3,309 Cr.
  • Current Price 504
  • High / Low 732 / 347
  • Stock P/E 75.8
  • Book Value 81.2
  • Dividend Yield 0.00 %
  • ROCE 16.7 %
  • ROE 16.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
209.75 196.01 244.69 232.69 271.80 235.09 200.99 214.27
186.16 176.48 216.10 212.49 230.69 218.88 188.38 197.72
Operating Profit 23.59 19.53 28.59 20.20 41.11 16.21 12.61 16.55
OPM % 11.25% 9.96% 11.68% 8.68% 15.13% 6.90% 6.27% 7.72%
3.44 6.64 6.41 1.23 3.76 5.12 4.74 2.15
Interest 8.28 7.14 10.01 8.57 9.51 5.60 3.25 3.63
Depreciation 4.82 4.56 4.87 5.04 5.19 5.27 5.52 6.00
Profit before tax 13.93 14.47 20.12 7.82 30.17 10.46 8.58 9.07
Tax % 23.55% 35.80% 26.54% 26.73% 24.76% 32.41% 15.27% 27.45%
10.66 9.30 14.77 5.73 22.71 7.07 7.28 6.58
EPS in Rs 667.50 1.66 2.64 1.01 3.92 1.08 1.11 1.00
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
642 690 841 945 922
577 624 743 832 836
Operating Profit 64 66 98 113 86
OPM % 10% 10% 12% 12% 9%
11 5 31 14 16
Interest 45 27 25 35 22
Depreciation 16 16 18 20 22
Profit before tax 15 29 86 73 58
Tax % 19% 20% 21% 28%
12 23 67 52 44
EPS in Rs 754.25 1,345.65 3,958.05 9.06 7.11
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 66%
TTM: 8%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 28%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 12 13
Reserves 45 58 87 525 520
Preference Capital 36 39 39 38
239 277 279 304 136
164 175 222 340 155
Total Liabilities 450 512 589 1,180 824
99 104 114 128 130
CWIP 3 0 2 15 12
Investments 2 0 0 0 114
346 408 473 1,038 568
Total Assets 450 512 589 1,180 824

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
66 6 16 -13
-19 -27 -18 -27
-42 28 -21 454
Net Cash Flow 4 7 -24 414

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65 96 77 80
Inventory Days 138 117 153 191
Days Payable 121 102 78 85
Cash Conversion Cycle 82 111 152 186
Working Capital Days 70 99 116 117
ROCE % 18% 24% 17%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2023Jun 2023Sep 2023Dec 2023
70.74% 51.24% 51.09% 50.98%
0.00% 12.47% 9.23% 5.70%
0.00% 16.58% 16.28% 17.07%
29.26% 19.71% 23.39% 26.27%
No. of Shareholders 1927,61255,32971,388

* 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.

Click on the line-items to see the names of individual entities.

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