Avantel Ltd

₹ 180 0.21%

10 Jul - close price

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

Business Overview^[1]
The company is engaged in the design, development and manufacturing of wireless front-end systems, satellite communication solutions, embedded systems, signal processing and network management products, along with software development and related customer support services.

Website BSE NSE

Market Cap ₹ 4,788 Cr.
Current Price ₹ 180
High / Low ₹ 215 / 117
Stock P/E 279
Book Value ₹ 12.7
Dividend Yield 0.11 %
ROCE 9.63 %
ROE 5.29 %
Face Value ₹ 2.00

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Pros

Company has been maintaining a healthy dividend payout of 17.8%

Cons

Stock is trading at 14.2 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 Industrials

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.95	54.33	59.33	41.76	51.76	77.42	70.68	49.26	51.91	55.42	51.72	63.83	70.42
	54.70	29.38	34.89	23.60	37.60	42.73	38.63	37.65	41.46	44.10	39.18	50.24	52.98
Operating Profit	14.25	24.95	24.44	18.16	14.16	34.69	32.05	11.61	10.45	11.32	12.54	13.59	17.44
OPM %	20.67%	45.92%	41.19%	43.49%	27.36%	44.81%	45.35%	23.57%	20.13%	20.43%	24.25%	21.29%	24.77%
	0.21	0.40	0.36	0.46	0.30	0.49	0.51	0.48	0.05	0.91	0.41	1.10	0.12
Interest	1.49	1.51	0.87	0.31	0.64	0.72	1.02	0.66	0.80	1.26	1.77	1.81	1.76
Depreciation	1.57	1.64	1.84	2.45	2.86	2.96	3.05	2.94	4.40	4.76	5.36	5.57	7.10
Profit before tax	11.40	22.20	22.09	15.86	10.96	31.50	28.49	8.49	5.30	6.21	5.82	7.31	8.70
Tax %	29.74%	27.61%	26.12%	23.33%	32.66%	27.30%	29.48%	28.39%	39.25%	31.40%	52.92%	34.75%	37.93%
	8.01	16.07	16.32	12.15	7.38	22.90	20.08	6.08	3.23	4.27	2.74	4.77	5.39
EPS in Rs	0.30	0.61	0.62	0.46	0.28	0.87	0.76	0.23	0.12	0.16	0.10	0.18	0.20
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	16	23	78	105	154	224	249	223	241
	14	18	56	78	108	143	157	175	186
Operating Profit	2	5	22	27	47	82	92	48	55
OPM %	12%	22%	29%	25%	30%	36%	37%	22%	23%
	0	0	1	1	0	1	2	2	3
Interest	1	1	2	2	5	4	3	6	7
Depreciation	1	1	3	4	6	8	12	20	23
Profit before tax	1	3	18	22	37	72	79	25	28
Tax %	10%	34%	17%	20%	27%	27%	29%	39%
	1	2	15	18	27	53	56	15	17
EPS in Rs	0.03	0.06	0.58	0.68	1.02	2.00	2.13	0.56	0.64
Dividend Payout %	0%	24%	11%	9%	6%	9%	9%	35%

Compounded Sales Growth
10 Years:	%
5 Years:	23%
3 Years:	13%
TTM:	-3%

Compounded Profit Growth
10 Years:	%
5 Years:	0%
3 Years:	-17%
TTM:	-67%

Stock Price CAGR
10 Years:	57%
5 Years:	76%
3 Years:	49%
1 Year:	16%

Return on Equity
10 Years:	%
5 Years:	21%
3 Years:	20%
Last Year:	5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	4	4	16	49	49	53
Reserves	6	8	62	78	91	115	188	285
	0	0	3	16	30	18	26	34
	9	6	17	11	12	34	26	37
Total Liabilities	21	19	87	109	149	216	290	410
	7	8	16	27	31	48	115	181
CWIP	0	0	1	7	9	18	5	6
Investments	0	0	0	0	0	0	0	0
	14	12	70	75	110	149	171	223
Total Assets	21	19	87	109	149	216	290	410

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-1	45	-32	2	65	50	10
	-1	-1	-42	23	-10	-42	-57	-93
	-0	-0	-3	9	8	-23	8	86
Net Cash Flow	3	-2	0	-0	-0	1	1	4
Free Cash Flow	3	-3	39	-53	-10	35	-15	-83
CFO/OP	200%	-21%	217%	-106%	22%	96%	87%	38%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	134	93	62	126	94	104	104	117
Inventory Days	143	122	34	131	258	218	345	521
Days Payable	329	112	4	6	18	28	24	11
Cash Conversion Cycle	-52	103	91	251	334	295	426	627
Working Capital Days	33	81	24	166	161	143	183	243
ROCE %		33%		29%	35%	47%	37%	10%

Insights

In beta

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Permanent Employees
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R&D Expenditure as % of Turnover
% ・Standalone data

Export Revenue Share of Total Turnover
% ・Standalone data

Communications Segment Revenue Share
%

Healthcare (Imeds) Segment Revenue Share
%

Order Book Position
Rs Crore ・Standalone data

R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.10%	40.10%	40.06%	40.06%	40.06%	38.58%	38.57%	37.15%	37.15%	37.08%	37.04%	37.04%
	0.00%	0.00%	0.00%	0.01%	0.11%	0.18%	0.48%	0.47%	0.66%	0.60%	0.55%	1.54%
	0.01%	0.01%	0.00%	0.36%	0.65%	0.92%	0.43%	0.18%	0.16%	0.00%	0.92%	1.14%
	59.89%	59.89%	59.94%	59.56%	59.18%	60.33%	60.52%	62.20%	62.03%	62.32%	61.48%	60.28%
No. of Shareholders	47,135	82,759	98,052	1,49,081	1,94,783	2,04,932	2,08,381	2,21,646	2,09,275	2,04,063	1,97,774	1,89,918

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	37.47%	36.30%	38.26%	40.87%	40.36%	40.14%	40.14%	40.06%	38.57%	37.04%	37.04%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.48%	0.55%	1.54%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.43%	0.92%	1.14%
	62.53%	63.68%	61.74%	59.13%	59.64%	59.86%	59.86%	59.94%	60.52%	61.48%	60.28%
No. of Shareholders	3,978	5,028	4,846	4,555	6,410	8,004	16,428	98,052	2,08,381	1,97,774	1,89,918

* 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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