Avana Electrosystems Ltd
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.[1]
- Market Cap ₹ 157 Cr.
- Current Price ₹ 69.4
- High / Low ₹ 83.6 / 60.1
- Stock P/E 18.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 49.6 %
- ROE 47.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 46.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
Cons
* 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 Electrical Equipment Heavy Electrical Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 22.56 | 14.95 | 20.43 | 28.41 | 52.99 | 61.49 | |
| 21.23 | 14.30 | 19.66 | 26.50 | 45.94 | 49.73 | |
| Operating Profit | 1.33 | 0.65 | 0.77 | 1.91 | 7.05 | 11.76 |
| OPM % | 5.90% | 4.35% | 3.77% | 6.72% | 13.30% | 19.13% |
| 0.85 | 0.35 | 0.36 | 0.18 | 0.27 | 1.45 | |
| Interest | 0.42 | 0.47 | 0.47 | 0.80 | 1.11 | 0.91 |
| Depreciation | 0.20 | 0.15 | 0.11 | 0.12 | 0.35 | 0.76 |
| Profit before tax | 1.56 | 0.38 | 0.55 | 1.17 | 5.86 | 11.54 |
| Tax % | 21.79% | 26.32% | 27.27% | 21.37% | 31.40% | 27.99% |
| 1.22 | 0.27 | 0.40 | 0.92 | 4.02 | 8.31 | |
| EPS in Rs | 13.86 | 3.40 | 5.04 | 11.59 | 50.62 | 104.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 44% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 175% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 35% |
| Last Year: | 47% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 |
| Reserves | 7.97 | 7.52 | 7.75 | 8.67 | 12.69 | 21.01 |
| 2.28 | 3.68 | 5.00 | 7.33 | 9.28 | 5.69 | |
| 6.29 | 5.05 | 6.51 | 11.73 | 15.31 | 21.94 | |
| Total Liabilities | 17.42 | 17.04 | 20.05 | 28.52 | 38.07 | 49.43 |
| 2.18 | 2.07 | 1.99 | 2.01 | 3.79 | 3.27 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.24 | 14.97 | 18.06 | 26.51 | 34.28 | 46.16 | |
| Total Assets | 17.42 | 17.04 | 20.05 | 28.52 | 38.07 | 49.43 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0.06 | 1.28 | 0.06 | -0.32 | 0.95 | 6.77 | |
| -0.14 | -0.04 | -0.04 | -1.19 | -1.10 | -0.74 | |
| 0.78 | -1.65 | -0.69 | 2.31 | 0.83 | -4.50 | |
| Net Cash Flow | 0.58 | -0.41 | -0.67 | 0.80 | 0.68 | 1.52 |
| Free Cash Flow | -0.20 | 1.24 | 0.02 | -0.46 | -1.18 | 6.54 |
| CFO/OP | 29% | 214% | 30% | -1% | 37% | 85% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 74.42 | 111.33 | 124.17 | 143.38 | 102.22 | 125.78 |
| Inventory Days | 112.98 | 169.43 | 165.52 | 173.06 | 134.23 | 167.32 |
| Days Payable | 84.73 | 120.54 | 90.56 | 129.46 | 76.06 | 105.44 |
| Cash Conversion Cycle | 102.67 | 160.22 | 199.13 | 186.98 | 160.39 | 187.66 |
| Working Capital Days | 68.76 | 82.77 | 68.07 | 79.27 | 56.07 | 83.64 |
| ROCE % | 7.35% | 7.99% | 12.99% | 35.25% | 49.55% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Actual Production - Control & Relay Panels (Unit II) Units |
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| Actual Production - Protection Relays (Unit I) Units |
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| Employee Attrition Rate % |
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| Installed Capacity - Control & Relay Panels (Unit II) Units |
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| Installed Capacity - Protection Relays (Unit I) Units |
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| Output Per Day - Panel Unit Units/Day |
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| Output Per Day - Relay Unit Units/Day |
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| Total Customer Base Count |
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| Workforce Count No. |
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Documents
Announcements
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Trading Window
30 March 2026 - Trading window closed from Mar 31, 2026 until 48 hours after results; board meeting date pending.
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Resignation
30 March 2026 - Company Secretary & Compliance Officer Amrutha Naveen resigns; cessation March 31, 2026; resignation to be placed before Board.
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Agreements
10 February 2026 - Received vendor registrations for 400kV C&R panel for 1x660MW Amarkantak unit and 220kV SCADA systems for Chhattisgarh.
Business Profile[1]
Avana Electrosystems Limited manufactures Control & Relay Panels and Relays used in power system protection, monitoring, and automation. The company supplies customized solutions for transmission and distribution substations, power generation plants, solar and wind projects, and utility substations.