Avalon Technologies

₹506.3 -9 | 1.8%

WEBSITE BSE:543896 NSE : AVALON 10 May, 16:01

Market Cap ₹3327 Cr.

Stock P/E 71.2

P/B 6.2

Current Price ₹506.3

Book Value ₹ 82.1

Face Value 2

52W High ₹732

Dividend Yield 0%

52W Low ₹ 353.2

Edit Ratio

Avalon Technologies Research see more...

A Detail Research Report on Avalon Technologies Limited

Overview Inc. Year: 1999Industry: Electronics - Components

Avalon Technologies Ltd is a technology company that specializes in the design and manufacturing of semiconductor products for the global electronics market. The company's products include integrated circuits, power management devices, and custom ASIC solutions. Avalon Technologies serves customers in a variety of industries, including consumer electronics, automotive, industrial, and medical devices. The company has a strong focus on research and development, and invests heavily in the latest technologies to ensure its products are at the forefront of the industry. Headquartered in Israel, Avalon Technologies has a global presence with offices and manufacturing facilities in Asia, Europe, and the United States. With a commitment to quality, innovation, and customer service, Avalon Technologies is dedicated to helping its customers succeed in today's rapidly evolving technology landscape.

Avalon Technologies Share Price

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Peer Comparison

Avalon Technologies Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	210	196	245	233	272	235	201	214
Other Income	3	7	6	1	4	5	5	2
Total Income	213	203	251	234	276	240	206	216
Total Expenditure	186	176	216	212	231	219	188	198
Operating Profit	27	26	35	21	45	21	17	19
Interest	8	7	10	9	10	6	3	4
Depreciation	5	5	5	5	5	5	6	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	14	14	20	8	30	10	9	9
Provision for Tax	3	5	5	2	7	3	1	2
Profit After Tax	11	9	15	6	23	7	7	7
Adjustments	-0	0	0	0	0	0	0	0
Profit After Adjustments	11	9	15	6	23	7	7	7
Adjusted Earnings Per Share	0	1.7	2.6	1	3.9	1.1	1.1	1

Avalon Technologies Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	642	690	841	945	922
Other Income	11	6	11	14	16
Total Income	653	697	852	959	938
Total Expenditure	577	625	743	832	836
Operating Profit	76	72	108	127	102
Interest	45	27	25	35	23
Depreciation	16	16	18	20	22
Exceptional Income / Expenses	0	0	20	0	0
Profit Before Tax	15	29	86	73	58
Provision for Tax	3	6	18	20	13
Profit After Tax	12	23	67	53	44
Adjustments	-1	-2	-4	0	0
Profit After Adjustments	12	21	63	53	44
Adjusted Earnings Per Share	2.2	3.8	11.3	9	7.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	14%	0%	0%
Operating Profit CAGR	18%	19%	0%	0%
PAT CAGR	-21%	64%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	39%	NA%	NA%	NA%
ROE Average	34%	56%	49%	49%
ROCE Average	18%	22%	21%	21%

Avalon Technologies Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	47	60	89	537
Minority's Interest	-43	-32	0	0
Borrowings	50	81	74	66
Other Non-Current Liabilities	3	1	12	29
Total Current Liabilities	367	379	399	536
Total Liabilities	423	489	574	1167
Fixed Assets	99	104	114	128
Other Non-Current Assets	12	6	9	26
Total Current Assets	313	380	450	1014
Total Assets	423	489	574	1167

Avalon Technologies Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	20	25	31	8
Cash Flow from Operating Activities	66	6	16	-13
Cash Flow from Investing Activities	-19	-26	-18	-27
Cash Flow from Financing Activities	-42	28	-21	454
Net Cash Inflow / Outflow	4	7	-24	414
Closing Cash & Cash Equivalent	25	31	8	422

Avalon Technologies Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.15	3.85	11.31	9.03
CEPS(Rs)	5.2	6.95	15.29	12.45
DPS(Rs)	0	0	0	0
Book NAV/Share(Rs)	8.7	10.72	15.88	37.4
Core EBITDA Margin(%)	10.05	9.47	11.6	11.94
EBIT Margin(%)	9.39	8.08	13.14	11.38
Pre Tax Margin(%)	2.38	4.18	10.18	7.69
PAT Margin (%)	1.92	3.34	8.02	5.56
Cash Profit Margin (%)	4.34	5.62	10.17	7.64
ROA(%)	2.91	5.06	12.69	6.03
ROE(%)	26.47	43.34	90.71	34.37
ROCE(%)	20.42	17.17	29.93	17.53
Receivable days	64.7	78.15	77.99	74.1
Inventory Days	88.29	79.57	82.23	106.43
Payable days	120.51	105.35	81	78.29
PER(x)	0	0	0	0
Price/Book(x)	0	0	0	0
Dividend Yield(%)	0	0	0	0
EV/Net Sales(x)	0.35	0.38	0.34	-0.11
EV/Core EBITDA(x)	2.95	3.68	2.63	-0.82
Net Sales Growth(%)	0	7.57	21.76	12.37
EBIT Growth(%)	0	-7.35	97.89	-2.7
PAT Growth(%)	0	87.26	192.25	-22.17
EPS Growth(%)	0	78.43	194.09	-20.17
Debt/Equity(x)	5.34	4.93	3.31	1.41
Current Ratio(x)	0.85	1	1.13	1.89
Quick Ratio(x)	0.43	0.62	0.54	1.3
Interest Cover(x)	1.34	2.07	4.45	3.09
Total Debt/Mcap(x)	0	0	0	0

Avalon Technologies Shareholding Pattern

#	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	70.75	51.24	51.09	50.97	50.91
FII	0	8.88	5.66	5.7	2.42
DII	0	20.18	19.87	17.07	22.47
Public	29.25	19.7	23.39	26.26	24.2
Others	0	0	0	0	0
Total	100	100	100	100	100

#	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.1	3.35	3.35	3.35	3.35
FII	0	0.58	0.37	0.37	0.16
DII	0	1.32	1.3	1.12	1.48
Public	1.7	1.29	1.53	1.72	1.59
Others	0	0	0	0	0
Total	5.8	6.53	6.55	6.56	6.57

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 56%
Debtor days have improved from 81 to 78.29days.
Company has reduced debt.

Cons

Stock is trading at 6.2 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.