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Avantel Overview

Avantel Ltd manufactures and sells telecom products and associated services in India. The employer gives customized solutions for INSAT primarily based cell satellite services with microwave, virtual wireless communications, and signal processing merchandise for army and business markets, in addition to two-way voice/data terminals to be used on ships, strategic vehicles, submarines, aircraft, torpedos, etc.; and real time educate records machine, a solution for position determination and place transmission of the rolling inventory for Indian r...Read More

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Avantel Key Financials

Market Cap ₹4020 Cr.

Stock P/E 71.2

P/B 11.9

Current Price ₹151.3

Book Value ₹ 12.7

Face Value 2

52W High ₹215

Dividend Yield 0.13%

52W Low ₹ 101.4

Avantel Share Price

₹ | |

Volume
Price

Avantel Quarterly Price

Show Value Show %

Avantel Peer Comparison

Avantel Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 59 42 52 77 71 49 52 55 52 64
Other Income 0 0 0 0 1 0 0 1 0 1
Total Income 60 42 52 78 71 50 52 56 52 65
Total Expenditure 35 24 38 43 39 38 41 44 39 50
Operating Profit 25 19 14 35 33 12 11 12 13 15
Interest 1 0 1 1 1 1 1 1 2 2
Depreciation 2 2 3 3 3 3 4 5 5 6
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 22 16 11 32 28 8 5 6 6 7
Provision for Tax 6 4 4 9 8 2 2 2 3 3
Profit After Tax 16 12 7 23 20 6 3 4 3 5
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 16 12 7 23 20 6 3 4 3 5
Adjusted Earnings Per Share 0.6 0.5 0.3 0.9 0.8 0.2 0.1 0.2 0.1 0.2

Avantel Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 78 105 154 224 249 223
Other Income 1 1 0 1 2 2
Total Income 79 106 155 226 251 225
Total Expenditure 56 78 108 143 157 174
Operating Profit 23 28 47 83 94 51
Interest 2 2 5 4 3 6
Depreciation 3 4 6 7 12 20
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 19 22 37 72 79 24
Provision for Tax 3 4 10 19 23 10
Profit After Tax 15 18 27 53 56 15
Adjustments 0 -0 -0 -0 -0 0
Profit After Adjustments 15 18 27 52 56 15
Adjusted Earnings Per Share 0.6 0.7 1 2 2.2 0.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 33% 0% 0%
Operating Profit CAGR 13% 50% 0% 0%
PAT CAGR 6% 46% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 29% 71% 87% 53%
ROE Average 30% 32% 32% 32%
ROCE Average 38% 41% 41% 41%

Avantel Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 66 83 107 164 237
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 12
Other Non-Current Liabilities 4 4 4 6 6
Total Current Liabilities 17 22 38 45 35
Total Liabilities 87 109 149 216 290
Fixed Assets 16 27 31 49 115
Other Non-Current Assets 6 11 11 21 7
Total Current Assets 65 72 108 146 167
Total Assets 87 109 149 216 290

Avantel Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 0 1
Cash Flow from Operating Activities 45 -32 2 65 50
Cash Flow from Investing Activities -42 23 -10 -42 -57
Cash Flow from Financing Activities -3 9 8 -23 8
Net Cash Inflow / Outflow 0 -0 -0 1 1
Closing Cash & Cash Equivalent 1 1 0 1 2

Avantel Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.6 0.7 1.04 2.04 2.18
CEPS(Rs) 0.72 0.86 1.27 2.35 2.65
DPS(Rs) 0.06 0.06 0.06 0.19 0.19
Book NAV/Share(Rs) 2.59 3.22 4.2 6.17 8.7
Core EBITDA Margin(%) 25.88 23.19 27.14 32.57 33.51
EBIT Margin(%) 23.37 20.87 24.08 30.15 29.88
Pre Tax Margin(%) 21.6 19.56 21.26 28.49 28.78
PAT Margin (%) 17.9 15.65 15.56 20.93 20.45
Cash Profit Margin (%) 21.44 19.15 18.9 23.91 24.73
ROA(%) 28.89 18.37 20.77 28.79 22.35
ROE(%) 39.71 24.17 28.25 39.59 29.55
ROCE(%) 51.75 29.68 35.99 48.69 38.01
Receivable days 40.27 78.29 80.41 75.59 89.53
Inventory Days 13.37 30.63 64.93 65.87 70.41
Payable days 27.36 4.02 10.86 21.06 28.52
PER(x) 9.97 23.17 24.63 46.15 49.47
Price/Book(x) 2.32 5.03 6.09 15.24 12.39
Dividend Yield(%) 1.06 0.39 0.25 0.2 0.18
EV/Net Sales(x) 1.42 4.06 4.41 10.73 11.19
EV/Core EBITDA(x) 4.79 15.22 14.41 28.92 29.58
Net Sales Growth(%) 243.09 35.08 47.16 45.27 11.04
EBIT Growth(%) 396.77 19.8 73.18 82.32 8.94
PAT Growth(%) 616.29 17.24 49.29 95.82 7.4
EPS Growth(%) 812.92 16.41 48.51 96.3 6.85
Debt/Equity(x) 0 0.16 0.26 0.07 0.09
Current Ratio(x) 3.89 3.19 2.8 3.24 4.84
Quick Ratio(x) 3.74 2.44 1.64 2.22 3.09
Interest Cover(x) 13.22 15.85 8.54 18.12 27.08
Total Debt/Mcap(x) 0 0.03 0.04 0 0.01

Avantel Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 40.1 40.06 40.06 40.06 38.58 38.57 37.15 37.15 37.08 37.04
FII 0 0 0.01 0.11 0.18 0.48 0.48 0.67 0.6 0.55
DII 0.01 0 0.36 0.62 0.89 0.4 0.18 0.16 0 0.92
Public 59.88 59.94 59.56 59.21 60.36 60.55 62.2 62.03 62.32 61.48
Others 0.01 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Avantel News

Avantel Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 32%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 37.04%.
  • Debtor days have increased from 21.06 to 28.52days.
  • Stock is trading at 11.9 times its book value.
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