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Avantel Ltd (AVANTEL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532406 NSE: AVANTEL Aerospace & Defense | Small Cap | Avantel Share Price
₹155.95 0.60 (0.39%)
As on 25-Sep'26 16:59
Avantel Ltd (AVANTEL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532406 NSE: AVANTEL Aerospace & Defense | Small Cap | Avantel Share Price
₹155.95 0.60 (0.39%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹4,145 Cr.
Current Price
₹156
52-Week Low / High
₹118 / 215
TTM EPS
₹0.7
TTM Sales
₹241 Cr.
Book Value per Share
₹12.6
P/E Ratio
241.26
Higher than its 5-year historical median
Industry PE
46.1
Price to Book (P/B)
12.43
Higher than its 5-year historical median
Price to Sales (P/S)
17.17
Higher than its 5-year historical median
EV/EBITDA
72.59
Higher than its 5-year historical median
Dividend Yield
0.13%
Profitability Efficiency
Return on Equity (ROE)
5.43%
Underperforms industry median
Return on Capital Employed (ROCE)
9.60%
Underperforms industry median
Return on Assets (ROA)
4.29%
Operating Profit Margin
21.6%
Net Profit Margin
6.73%
Gross Profit Margin
17.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-10.92%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-48.24%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-73.44%
Asset Quality
Promoter Holding
37.04%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹280 Cr.
Equity
₹53.2 Cr.
Face Value
₹2
All Time Low / High
₹0.06 / 215.00
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Avantel Ltd a good quality company?
Avantel Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Avantel Ltd performance compare with that of its Peers?
Revenue growth of Avantel Ltd vs industry peers?
Avantel Ltd revenue CAGR is 23.46%, compared to the industry median CAGR of 12.65%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Avantel Ltd?
Promoters hold 37.04% of the Avantel Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Avantel Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 55.1% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Avantel Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.6% | 72.6% | 32.7% | 29.3% | 34% | 30.9% | 37.9% | 48.7% | 37.9% | 11.5% | - |
| Value Creation Index ⓘ | -0.4 | 4.2 | 1.3 | 1.1 | 1.4 | 1.2 | 1.7 | 2.5 | 1.7 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 33.6 | 51.7 | 50.5 | 51.9 | 77.7 | 105 | 154 | 224 | 248 | 221 | 240 |
| Sales YoY Gr. | - | 53.9% | -2.3% | 2.8% | 49.7% | 35.1% | 47% | 45.2% | 11% | -10.9% | - |
| Adj EPS ⓘ | 0 | 0.3 | 0.4 | 0.4 | 0.6 | 0.7 | 1.2 | 2.2 | 2.3 | 0.9 | 1 |
| YoY Gr. | - | 766.7% | 42.3% | 13.5% | 42.9% | 21.7% | 58.9% | 85.3% | 7.4% | -63.2% | - |
| BVPS (₹) ⓘ | 0.8 | 1.4 | 1.7 | 2 | 2.6 | 3.3 | 4.4 | 6.5 | 9.1 | 13 | 13.3 |
| Adj Net Profit ⓘ | 0.9 | 6.8 | 9.6 | 10.7 | 15.3 | 18.8 | 29.8 | 55.1 | 59.5 | 22.6 | 26 |
| Cash Flow from Ops. ⓘ | 1.8 | 9.1 | 4.2 | 3 | 44.7 | -29.9 | 4.5 | 68.3 | 50.1 | 20.3 | - |
| Debt/CF from Ops. ⓘ | 6.4 | 0 | 0 | 0 | 0 | -0.4 | 6.3 | 0.2 | 0.4 | 1.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 23.3% | 23.3% | 12.8% | -10.9% | ||||
| Adj EPS ⓘ | 45% | 7.2% | -9.9% | -63.2% | ||||
| BVPSⓘ | 36.2% | 38.1% | 43.9% | 43% | ||||
| Share Price | 55.7% | 68.4% | 30.7% | -12.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.4 | 23.5 | 23.9 | 22.5 | 25.9 | 25 | 30.5 | 38.9 | 28.4 | 7.5 | 7.3 |
| Op. Profit Mgn % ⓘ | 11.5 | 21.8 | 28.1 | 29.6 | 28.5 | 26.5 | 32.1 | 37.7 | 38.4 | 24.3 | 25.5 |
| Net Profit Mgn % ⓘ | 2.6 | 13.1 | 18.9 | 20.5 | 19.7 | 17.9 | 19.3 | 24.6 | 24 | 10.2 | 10.7 |
| Debt to Equity ⓘ | 0.6 | 0 | 0 | 0 | 0 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 196 | 118 | 141 | 217 | 153 | 158 | 190 | 175 | 195 | 262 | 170 |
| Cash Conv. Cycle ⓘ | 170 | 85 | 105 | 166 | 101 | 106 | 139 | 130 | 151 | 206 | 124 |
Valuation of Avantel - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'04 | Mar'05 | Mar'06 | Mar'07 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 12 | 16 | 23 | 78 | 105 | 154 | 224 | 249 | 223 |
| Operating Expenses ⓘ + | 7 | 10 | 14 | 18 | 56 | 78 | 108 | 143 | 157 | 175 |
| Operating Profit ⓘ | 2 | 2 | 2 | 5 | 22 | 27 | 47 | 82 | 93 | 48 |
| Operating Profit Margin (%) | 20.8% | 15.6% | 12.4% | 21.7% | 28.5% | 25.4% | 30.3% | 36.5% | 37.1% | 21.5% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 2 | 2 |
| Interest ⓘ | 1 | 0 | 1 | 1 | 2 | 2 | 5 | 4 | 3 | 6 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 3 | 4 | 6 | 7 | 12 | 20 |
| Profit Before Tax ⓘ | -1 | 1 | 1 | 3 | 19 | 22 | 37 | 72 | 79 | 25 |
| Tax ⓘ | -1 | 0 | 0 | 1 | 3 | 4 | 10 | 19 | 23 | 10 |
| Profit After Tax | 0 | 1 | 1 | 2 | 15 | 18 | 27 | 53 | 56 | 15 |
| PAT Margin (%) | 1.2% | 7.4% | 6.1% | 9.5% | 19.7% | 17.1% | 17.4% | 23.4% | 22.7% | 6.7% |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | 0.1 | 0.6 | 0.7 | 1.0 | 2.0 | 2.2 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 24.10% | 10.60% | 9.10% | 6.10% | 9.30% | 8.70% | 35.80% |
| PARTICULARS | Mar'04 | Mar'05 | Mar'06 | Mar'07 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 10 | 11 | 12 | 13 | 66 | 83 | 107 | 158 | 224 | 328 | |
| Debt + | 3 | 3 | 0 | 0 | 0 | 13 | 28 | 12 | 21 | 34 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 2 | 1 | 8 | 4 | 0 | 1 | 3 | 6 | 4 | 2 | |
| Others Liabilities ⓘ | 1 | 1 | 1 | 3 | 20 | 13 | 11 | 40 | 40 | 46 | |
| Total Liabilities ⓘ | 15 | 15 | 21 | 19 | 87 | 109 | 149 | 216 | 290 | 410 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 7 | 7 | 7 | 8 | 16 | 27 | 31 | 49 | 115 | 181 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 7 | 9 | 18 | 5 | 6 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 4 | 4 | 4 | 4 | 3 | 17 | 45 | 46 | 60 | 93 | |
| Trade Receivables | 3 | 4 | 6 | 6 | 13 | 36 | 40 | 64 | 71 | 72 | |
| Cash Equivalents | 1 | 1 | 4 | 1 | 43 | 1 | 1 | 13 | 8 | 11 | |
| Others Assets ⓘ | 0 | 0 | 1 | 1 | 11 | 21 | 24 | 26 | 31 | 47 | |
| Total Assets ⓘ | 15 | 15 | 21 | 19 | 87 | 109 | 149 | 216 | 290 | 410 | |
| PARTICULARS | Mar'04 | Mar'05 | Mar'06 | Mar'07 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2 | 1 | 4 | -1 | 45 | -32 | 2 | 65 | 50 | 10 |
| Cash Flow From Investing Activity ⓘ + | -0 | -0 | -1 | -1 | -42 | 23 | -10 | -42 | -57 | -93 |
| Cash Flow From Financing Activity ⓘ + | -1 | -1 | -0 | -0 | -3 | 9 | 8 | -23 | 8 | 86 |
| Net Cash Flow ⓘ | 0 | 0 | 3 | -2 | 0 | -0 | -0 | 1 | 1 | 4 |
| PARTICULARS | Mar'04 | Mar'05 | Mar'06 | Mar'07 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.41 | 10.86 | 10.89 | 20.94 | 39.71 | 24.17 | 28.25 | 39.59 | 29.55 | 5.43 |
| ROCE (%) | 0.76 | 13.93 | 15.98 | 38.73 | 51.75 | 29.68 | 35.99 | 48.69 | 38.01 | 9.6 |
| Asset Turnover Ratio | 0.65 | 0.87 | 0.91 | 1.3 | 1.61 | 1.17 | 1.33 | 1.38 | 1.09 | 0.74 |
| PAT to CFO Conversion(x) | N/A | 1 | 4 | -0.5 | 3 | -1.78 | 0.07 | 1.23 | 0.89 | 0.67 |
| Working Capital Days | ||||||||||
| Receivable Days | 124.40 | 98.40 | 106.90 | 81.60 | 40.30 | 78.30 | 80.40 | 75.60 | 89.50 | 101.50 |
| Inventory Days | 153 | 110.10 | 82.30 | 51.40 | 13.40 | 30.60 | 64.90 | 65.90 | 70.40 | 109.10 |
| Payable Days | 194.60 | 114.80 | 185 | 194.20 | 27.40 | 4 | 10.90 | 21.10 | 28.50 | 17.10 |
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Avantel Ltd FAQs
The current trading price of Avantel on 25-Sep-2026 16:59 is ₹155.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Avantel stood at ₹4,144.8 Cr
The latest P/E ratio of Avantel as of 24-Sep-2026 is 162.6.
The latest P/B ratio of Avantel as of 24-Sep-2026 is 11.71.
The 52-week high of Avantel is ₹215.0 and the 52-week low is ₹117.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avantel is ₹240 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Avantel Ltd is a average quality company.
The key valuation ratios of Avantel Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Avantel Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Avantel Ltd
Avantel, incorporated in 1990 offers telecom products and software solutions. Company's development centre located at Hyderabad, India is networked with the right tools, technologies, and equipment to create value for global clients. Company has received ISO 9001-2000 certification.
Its R&D center comprises of 40 member team of engineers which is recognized by the Department of Scientific and Industrial Research (DSIR), Government of India, as a research and development center for technology development in telecommunications.
The company has a test and measuring facility for design, development and manufacture of wireless products i.e up to 26.5 GHz and various access products supported by compilers and evaluation modules to test and integrate the software and hardware.
Company's range of test equipment includes network analyzers, spectrum analyzers, signal generators, radio communication test sets, modulation analyzers, frequency counters, PCM analyzers, digital transmission analyzers, communication performance analyzers, RF power meters, oscilloscopes, multi function testers, function generators, environmental test facilities and vibration table
The company has formed various alliances in order to provide better solutions in communications and computing. It has partnered with Space Applications Centre, ISRO, Department of Space, Government of India, L 3 Communications - Narda, USA and Vedang Radio Technology.
Business area of thye company:
Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies. The design, development and integration of wireless and access products are carried out using standard and proprietary software tools.
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