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Avantel Ltd (AVANTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532406 NSE: AVANTEL Defence | Small Cap | Avantel Share Price

₹166.60 9.70 (6.18%)

As on 12-Jun'26 16:59

Avantel Ltd (AVANTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532406 NSE: AVANTEL Defence | Small Cap | Avantel Share Price

₹166.60 9.70 (6.18%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,427 Cr.
Current Price
₹166.6
52-Week Low / High
₹118 / 215
TTM EPS
₹0.9
TTM Sales
₹221 Cr.
Book Value per Share
₹13
P/E Ratio
196.75
Higher than its 5-year historical median
Industry PE
44.1
Price to Book (P/B)
12.79
Higher than its 5-year historical median
Price to Sales (P/S)
20.00
Higher than its 5-year historical median
EV/EBITDA
79.73
Higher than its 5-year historical median
Dividend Yield
0.16%
Profitability Efficiency
Return on Equity (ROE)
7.75%
Underperforms industry median
Return on Capital Employed (ROCE)
11.46%
Underperforms industry median
Return on Assets (ROA)
6.21%
Operating Profit Margin
24.3%
Net Profit Margin
10.16%
Gross Profit Margin
19.7%
Growth Momentum
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
-44.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.45%
Asset Quality
Promoter Holding
37.04%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹293 Cr.
Equity
₹53.1 Cr.
Face Value
₹2
All Time Low / High
₹0.06 / 215.00

Avantel stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Avantel Ltd a good quality company?
Avantel Ltd is a good quality company, based on a consistently good 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?
Q.1 Revenue growth of Avantel Ltd vs industry peers?
Avantel Ltd revenue CAGR is 36.77%, compared to the industry median CAGR of 17.94%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Avantel Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 55.9% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 8.6%72.6%32.7%29.3%34%30.9%37.9%48.7%37.9%11.5%-
Value Creation
Index
-0.44.21.31.11.41.21.72.51.7-0.2-

Growth Parameters

Sales 33.651.750.551.977.7105154224248221221
Sales YoY Gr.-53.9%-2.3%2.8%49.7%35.1%47%45.2%11%-10.9%-
Adj EPS 00.30.40.40.60.71.22.22.30.90.9
YoY Gr.-766.7%42.3%13.5%42.9%21.7%58.9%85.3%7.4%-63.2%-
BVPS (₹) 0.81.41.722.63.34.46.59.11313
Adj Net
Profit
0.96.89.610.715.318.829.855.159.522.623
Cash Flow from Ops. 1.89.14.2344.7-29.94.568.350.120.3-
Debt/CF from Ops. 6.40000-0.46.30.20.41.7-

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%
BVPS36.2%38.1%43.9%43%
Share Price 55.9% 80.3% 57.9% 4.6%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
4.423.523.922.525.92530.538.928.47.56.5
Op. Profit
Mgn %
11.521.828.129.628.526.532.137.738.424.324.1
Net Profit
Mgn %
2.613.118.920.519.717.919.324.62410.210.2
Debt to
Equity
0.600000.20.30.10.10.10
Working Cap
Days
196118141217153158190175195262170
Cash Conv.
Cycle
17085105166101106139130151206124

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3452515278105154224248221
Operating Expenses + 304036375677105140153168
Manufacturing Costs781010151420192637
Material Costs15201413274763766364
Employee Cost 477991113284444
Other Costs 4655569162122
Operating Profit 4111415222849849553
Operating Profit Margin (%) 11.5%21.8%28.1%29.6%28.5%26.5%32.1%37.7%38.4%24.1%
Other Income + 11511110122
Exceptional Items 0000000000
Interest 2111225436
Depreciation 222334571118
Profit Before Tax 1241313192440748332
Tax 07323410192310
Profit After Tax 1171011151930556022
PAT Margin (%) 2.6%33.5%19.0%20.7%19.7%18.3%19.5%24.8%24.1%10.2%
Adjusted EPS (₹)0.00.70.40.40.60.81.22.22.30.9
Dividend Payout Ratio (%)91.80%9.40%21.10%15.10%10.60%8.50%5.40%8.80%8.20%23.60%

Valuation of Avantel - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 213743526684112165235346
Share Capital 44444416494953
Reserves 17333948628096117186293
Debt +1000001328122134
Long Term Debt100000001212
Short Term Debt90000132812922
Minority Interest0000000000
Trade Payables1202013622
Others Liabilities 24414201311403945
Total Liabilities 3343476787110154223297427

Fixed Assets

Net Fixed Assets +131212141625264495162
Gross Block1515172226384469130213
Accumulated Depreciation2358101418253550
CWIP 00001791656
Investments 00000512173043
Inventories872531744466091
Trade Receivables1091930133640647171
Cash Equivalents 01110843111289
Others Assets 24410112023242944
Total Assets 3343476787110154223297427

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 294345-304685020
PBT 1241213192440748332
Adjustment 3-12224510162829
Changes in Working Capital -23-8-1026-54-36-9-30-33
Tax Paid -0-6-3-2-4-4-9-13-31-9
Cash Flow From Investing Activity + -24-10-4220-13-45-57-103
Capex -214-2-2-5-13-6-22-62-90
Net Investments -0-1111-3738-5-17-7-13
Others 00110-6-2-712-0
Cash Flow From Financing Activity + -0-12-4-3-398-23886
Net Proceeds from Shares 00000000784
Net Proceeds from Borrowing -1-1000000120
Interest Paid -2-1-1-0-1-1-5-4-2-5
Dividend Paid -0-1-3-2-1-2-2-2-5-5
Others 3-90-1-11214-17-412
Net Cash Flow -01-000-10024

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.5260.123.9722.7126.0125.5830.714029.957.75
ROCE (%)8.5772.5932.729.2833.9530.937.948.7437.9411.46
Asset Turnover Ratio1.081.611.31.031.121.171.311.331.060.71
PAT to CFO Conversion(x)20.530.40.273-1.580.131.240.830.91
Working Capital Days
Receivable Days71.1054.9087.50151.6091.1078.3080.4075.6089.60101.50
Inventory Days104.4042.5028.3023.3016.2030.5064.5065.5070.20108.20
Payable Days10.2023.4028.4023.5012.70410.7021.1022.4010.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Avantel Ltd FAQs

The current trading price of Avantel on 12-Jun-2026 16:59 is ₹166.6.

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 11-Jun-2026 the market cap of Avantel stood at ₹4,426.7 Cr

The latest P/E ratio of Avantel as of 11-Jun-2026 is 196.8.

The latest P/B ratio of Avantel as of 11-Jun-2026 is 12.79.

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 ₹221 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Avantel Ltd is a good 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 Strong which suggest that the price of Avantel Ltd is likely to Rise 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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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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