Avantel Ltd

Avantel Ltd

₹ 132 -0.53%
22 May 9:38 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

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]

  • Market Cap 3,501 Cr.
  • Current Price 132
  • High / Low 213 / 90.3
  • Stock P/E 58.4
  • Book Value 9.36
  • Dividend Yield 0.15 %
  • ROCE 37.0 %
  • ROE 28.6 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 41.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
  • Company's median sales growth is 35.1% of last 10 years

Cons

  • Stock is trading at 14.2 times its book value

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
46.70 26.99 36.23 38.68 52.38 68.90 54.20 59.10 41.71 51.65 77.25 70.44 49.14
36.83 19.10 25.55 26.78 33.44 54.06 28.69 34.07 22.68 36.88 41.98 37.65 36.59
Operating Profit 9.87 7.89 10.68 11.90 18.94 14.84 25.51 25.03 19.03 14.77 35.27 32.79 12.55
OPM % 21.13% 29.23% 29.48% 30.77% 36.16% 21.54% 47.07% 42.35% 45.62% 28.60% 45.66% 46.55% 25.54%
0.52 0.12 0.06 0.28 0.09 0.13 0.37 0.34 0.46 0.30 0.49 0.49 0.48
Interest 0.44 0.68 1.13 1.55 1.51 1.49 1.51 0.87 0.30 0.64 0.72 1.02 0.66
Depreciation 1.11 1.23 1.22 1.35 1.36 1.40 1.54 1.75 2.37 2.77 2.87 2.95 2.80
Profit before tax 8.84 6.10 8.39 9.28 16.16 12.08 22.83 22.75 16.82 11.66 32.17 29.31 9.57
Tax % 21.04% 17.54% 17.52% 18.64% 34.84% 28.06% 26.85% 25.36% 22.18% 30.70% 26.73% 28.66% 23.09%
6.99 5.03 6.92 7.55 10.54 8.69 16.71 16.97 13.08 8.08 23.57 20.90 7.36
EPS in Rs 0.26 0.19 0.26 0.29 0.40 0.33 0.63 0.64 0.50 0.31 0.89 0.79 0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
13 25 25 34 52 51 52 78 105 154 224 248
11 21 21 30 40 36 37 56 77 105 140 153
Operating Profit 2 4 4 4 11 14 15 22 28 49 84 95
OPM % 15% 16% 16% 11% 22% 28% 30% 29% 26% 32% 38% 38%
0 1 0 1 15 1 1 1 1 0 1 2
Interest 1 2 2 2 1 1 1 2 2 5 4 3
Depreciation 2 2 2 2 2 2 3 3 4 5 7 11
Profit before tax -1 1 1 1 24 12 13 18 24 40 74 83
Tax % -10% 26% 9% 16% 28% 23% 17% 17% 19% 25% 26% 28%
-1 1 1 1 17 10 11 15 19 30 55 60
EPS in Rs -0.04 0.03 0.02 0.03 0.66 0.36 0.41 0.58 0.73 1.14 2.11 2.26
Dividend Payout % 0% 68% 69% 92% 9% 21% 15% 11% 8% 5% 9% 8%
Compounded Sales Growth
10 Years: 26%
5 Years: 37%
3 Years: 33%
TTM: 11%
Compounded Profit Growth
10 Years: 58%
5 Years: 41%
3 Years: 46%
TTM: 8%
Stock Price CAGR
10 Years: 54%
5 Years: 110%
3 Years: 93%
1 Year: 20%
Return on Equity
10 Years: 28%
5 Years: 31%
3 Years: 32%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 4 4 4 4 4 4 4 4 16 49 49
Reserves 17 16 16 17 33 39 48 62 80 96 123 199
11 9 9 10 0 0 0 3 16 30 18 26
3 3 3 3 6 4 15 17 11 12 34 23
Total Liabilities 34 32 32 34 43 47 67 87 110 154 223 298
15 14 13 13 12 12 14 16 25 26 44 95
CWIP 0 0 0 0 0 0 0 1 7 9 16 5
Investments 0 0 0 0 0 0 0 0 5 12 17 30
18 18 19 21 31 36 53 70 73 108 146 168
Total Assets 34 32 32 34 43 47 67 87 110 154 223 298

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 4 4 2 9 4 3 45 -30 4 68 50
-1 0 -1 -2 4 -1 0 -42 20 -13 -45 -57
2 -4 -2 -0 -12 -4 -3 -3 9 8 -23 8
Net Cash Flow -1 0 0 -0 1 -0 0 0 -1 0 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 121 67 61 105 63 139 208 62 126 94 104 104
Inventory Days 459 551 190 122 62 139 34 130 257 219 346
Days Payable 20 14 12 38 4 43 4 5 17 28 11
Cash Conversion Cycle 121 505 597 282 147 197 305 91 251 334 295 439
Working Capital Days 387 191 204 172 101 154 217 24 206 224 159 198
ROCE % 0% 9% 9% 9% 29% 33% 29% 33% 30% 37% 48% 37%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.14% 40.14% 40.14% 40.14% 40.10% 40.10% 40.10% 40.06% 40.06% 40.06% 38.58% 38.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.11% 0.18% 0.48%
0.00% 0.00% 0.00% 0.00% 0.03% 0.01% 0.01% 0.00% 0.36% 0.65% 0.92% 0.43%
59.86% 59.86% 59.87% 59.86% 59.88% 59.89% 59.89% 59.94% 59.56% 59.18% 60.33% 60.52%
No. of Shareholders 11,58913,60916,12116,42821,61447,13582,75998,0521,49,0811,94,7832,04,9322,08,381

* 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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Documents

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