Avantel Ltd

Avantel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Avantel Ltd

₹ 135 -6.50%
13 Mar - close price
avantel.in BSE: 532406 NSE: AVANTEL
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

Avantel specialises in RF microwave
subsystems, digital radios, & satellite communication systems, & offers related software solutions & services.
It provides indigenous solutions in the area of:
-Satcom
-HF Systems
-Software Defined Radios
-Wind Profiler Radars

To diversify further, it is setting up Design, Development & Manufacturing of Antennas &
Connectors for Defence & Aerospace applications. [1]

The products developed by Avantel are used for Indian satellites communication (voice & data) for various platforms like ships, submarines, aircrafts & helicopters. [2]

Website BSE NSE
  • Market Cap ₹ 3,571 Cr.
  • Current Price ₹ 135
  • High / Low ₹ 215 / 90.3
  • Stock P/E 219
  • Book Value ₹ 12.2
  • Dividend Yield 0.15 %
  • ROCE 37.1 %
  • ROE 28.1 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.5%

Cons

  • Stock is trading at 11.0 times its book value
  • Promoter holding has decreased over last 3 years: -3.06%

* 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

Industrials Capital Goods Aerospace & Defense Aerospace & Defense

Part of BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
38.71 52.53 68.95 54.33 59.33 41.76 51.76 77.42 70.68 49.26 51.91 55.42 51.72
27.50 34.39 54.70 29.38 34.89 23.60 37.60 42.73 38.63 37.65 41.46 44.10 39.18
Operating Profit 11.21 18.14 14.25 24.95 24.44 18.16 14.16 34.69 32.05 11.61 10.45 11.32 12.54
OPM % 28.96% 34.53% 20.67% 45.92% 41.19% 43.49% 27.36% 44.81% 45.35% 23.57% 20.13% 20.43% 24.25%
0.28 0.09 0.21 0.40 0.36 0.46 0.30 0.49 0.51 0.48 0.05 0.91 0.41
Interest 1.55 1.51 1.49 1.51 0.87 0.31 0.64 0.72 1.02 0.66 0.80 1.26 1.77
Depreciation 1.52 1.53 1.57 1.64 1.84 2.45 2.86 2.96 3.05 2.94 4.40 4.76 5.36
Profit before tax 8.42 15.19 11.40 22.20 22.09 15.86 10.96 31.50 28.49 8.49 5.30 6.21 5.82
Tax % 20.55% 36.60% 29.74% 27.61% 26.12% 23.33% 32.66% 27.30% 29.48% 28.39% 39.25% 31.40% 52.92%
6.69 9.63 8.01 16.07 16.32 12.15 7.38 22.90 20.08 6.08 3.23 4.27 2.74
EPS in Rs 0.25 0.36 0.30 0.61 0.62 0.46 0.28 0.87 0.76 0.23 0.12 0.16 0.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
16 23 78 105 154 224 249 208
14 18 56 78 108 143 157 162
Operating Profit 2 5 22 27 47 82 92 46
OPM % 12% 22% 29% 25% 30% 36% 37% 22%
0 0 1 1 0 1 2 2
Interest 1 1 2 2 5 4 3 4
Depreciation 1 1 3 4 6 8 12 17
Profit before tax 1 3 18 22 37 72 79 26
Tax % 10% 34% 17% 20% 27% 27% 29%
1 2 15 18 27 53 56 16
EPS in Rs 0.03 0.06 0.58 0.68 1.02 2.00 2.13 0.61
Dividend Payout % -0% 24% 11% 9% 6% 9% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 33%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: -74%
Stock Price CAGR
10 Years: 54%
5 Years: 84%
3 Years: 77%
1 Year: 29%
Return on Equity
10 Years: %
5 Years: 30%
3 Years: 31%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5 5 4 4 16 49 49 53
Reserves 6 8 62 78 91 115 188 271
0 0 3 16 30 18 26 31
9 6 17 11 12 34 26 35
Total Liabilities 21 19 87 109 149 216 290 389
7 8 16 27 31 48 115 130
CWIP -0 -0 1 7 9 18 5 19
Investments -0 -0 -0 -0 -0 -0 -0 -0
14 12 70 75 110 149 171 240
Total Assets 21 19 87 109 149 216 290 389

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -1 45 -32 2 65 50
-1 -1 -42 23 -10 -42 -57
-0 -0 -3 9 8 -23 8
Net Cash Flow 3 -2 0 -0 -0 1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 134 93 62 126 94 104 104
Inventory Days 143 122 34 131 258 218 345
Days Payable 329 112 4 6 18 28 24
Cash Conversion Cycle -52 103 91 251 334 295 426
Working Capital Days 33 81 24 166 161 143 183
ROCE % 33% 29% 35% 47% 37%

Insights

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Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025
Number of Permanent Employees
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Solar Plant Capacity (Visakhapatnam)
KVA ・Standalone data
Medical Products Facility Area (AMTZ)
Sq. Ft. ・Standalone data
RTIS Units for Indian Railways (Cumulative Order/Delivery)
Units ・Standalone data
Working Capital Cycle
Days ・Standalone data
HF Transceivers Order (Indian Navy)
Units ・Standalone data
MSS Transponder/Terminal Orders (Specific Projects)
Units ・Standalone data
Number of iDEX Projects Awarded
Number ・Standalone data
Production and R&D Facility Area (Hyderabad/ECT)
Sq. Ft. ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
40.14% 40.10% 40.10% 40.10% 40.06% 40.06% 40.06% 38.58% 38.57% 37.15% 37.15% 37.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.11% 0.18% 0.48% 0.47% 0.66% 0.60%
0.00% 0.03% 0.01% 0.01% 0.00% 0.36% 0.65% 0.92% 0.43% 0.18% 0.16% 0.00%
59.86% 59.88% 59.89% 59.89% 59.94% 59.56% 59.18% 60.33% 60.52% 62.20% 62.03% 62.32%
No. of Shareholders 16,42821,61447,13582,75998,0521,49,0811,94,7832,04,9322,08,3812,21,6462,09,2752,04,063

* 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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