MoneyWorks4Me

Avalon Technologies Ltd (AVALON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543896 NSE: AVALON Electronics - Components | Small Cap | Avalon Technologies Share Price

₹2,263.25 34.95 (1.57%)

As on 11-Sep'26 15:13

Avalon Technologies Ltd (AVALON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543896 NSE: AVALON Electronics - Components | Small Cap | Avalon Technologies Share Price

₹2,263.25 34.95 (1.57%)

As on 11-Sep'26 15:13

Key Metrics
Valuation Multiples
Market Cap
₹14,903 Cr.
Current Price
₹2,263.3
52-Week Low / High
₹778 / 2,422
TTM EPS
₹20
TTM Sales
₹1,764 Cr.
Book Value per Share
₹112.6
P/E Ratio
111.55
In line with its 5-year historical median
Industry PE
49.4
Price to Book (P/B)
19.78
Higher than its 5-year historical median
Price to Sales (P/S)
8.45
Higher than its 5-year historical median
EV/EBITDA
64.87
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
17.01%
Outperforms industry median
Return on Capital Employed (ROCE)
20.34%
Outperforms industry median
Return on Assets (ROA)
9.92%
Operating Profit Margin
10.8%
Net Profit Margin
7.05%
Gross Profit Margin
11.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.95%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
50.88%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
78.04%
Asset Quality
Promoter Holding
44.39%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹740 Cr.
Equity
₹13.4 Cr.
Face Value
₹2
All Time Low / High
₹347.30 / 2422.00

Avalon Technologies stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Avalon Technologies Ltd a good quality company?
Avalon Technologies Ltd is a weak quality company, based on a inconsistent 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 Avalon Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Avalon Technologies Ltd vs industry peers?
Avalon Technologies Ltd revenue CAGR is 17.32%, compared to the industry median CAGR of 1.96%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Avalon Technologies Ltd?
Promoters hold 44.39% of the Avalon Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Avalon Technologies Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 54.56% 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 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.
Avalon Technologies 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 0%0%0%8.8%9.6%14%9.8%6.2%9.6%15.3%-
Value Creation
Index
NANANA-0.4-0.30.0-0.3-0.6-0.30.1-

Growth Parameters

Sales 000327369435479442632821865
Sales YoY Gr.-NANANA12.9%17.7%10.3%-7.9%43%30%-
Adj EPS 0001.51.94.354.17.31114.2
YoY Gr.-NANANA25%133.5%15.5%-18.6%78.6%51.9%-
BVPS (₹) 00033.735.740.358.1102.4109.5122.2125
Adj Net
Profit
000810.424.128.926.74873.595
Cash Flow from Ops. 00035.984.4-4.3-18.9-9.84.367.2-
Debt/CF from Ops. 0003.61.6-32.8-6.5-2.88.40.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA17.3%19.6%30%
Adj EPS NA42.9%30.2%51.9%
BVPSNA27.9%28.1%11.6%
Share Price - - 55.2% 135.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
0004.25.211.16.646.99.511.5
Op. Profit
Mgn %
00010.58.510.811.87.27.810.911.1
Net Profit
Mgn %
0002.42.85.6667.6911
Debt to
Equity
0000.70.70.60.400.10-
Working Cap
Days
0000317257260352298264125
Cash Conv.
Cycle
000020315216122718815885

Valuation of Avalon Technologies - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6426908419458671,0981,603
Operating Expenses + 5776257438328059831,430
Manufacturing Costs16151722222736
Material Costs4114565545975527051,053
Employee Cost 116119131172185199281
Other Costs 34354142465360
Operating Profit 64659811363115173
Operating Profit Margin (%) 10.0%9.5%11.6%11.9%7.2%10.5%10.8%
Other Income + 1161115151729
Exceptional Items 00200000
Interest 45272535161715
Depreciation 16161820232934
Profit Before Tax 152986733887154
Tax 361820102341
Profit After Tax 122367532863113
PAT Margin (%) 1.9%3.3%8.0%5.6%3.2%5.8%7.1%
Adjusted EPS (₹)2.23.911.39.04.39.616.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 476089217547610718
Share Capital 22212131313
Reserves 455887205534596705
Debt +245286281293161141183
Long Term Debt50817466531811
Short Term Debt195205207228108122171
Minority Interest-43-3200000
Trade Payables13612711814297189251
Others Liabilities 39478552410184100
Total Liabilities 4234895741,1769071,0241,252

Fixed Assets

Net Fixed Assets +99104114128147185192
Gross Block113134134169210276321
Accumulated Depreciation142920426391128
CWIP 30215201024
Investments 2000753581
Inventories155146233318316338463
Trade Receivables114182177206187316381
Cash Equivalents 27341042210710271
Others Assets 24243786553940
Total Assets 4234895741,1769071,0241,252
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 66616-13172557
PBT 152986733887154
Adjustment 67362346374642
Changes in Working Capital -12-56-81-112-41-88-105
Tax Paid -5-4-13-19-16-19-34
Cash Flow From Investing Activity + -19-26-18-25-14654-64
Capex -17-19-18-27-36-46-54
Net Investments -2300-11296-11
Others 0-10-12141
Cash Flow From Financing Activity + -4228-21452-251-528
Net Proceeds from Shares 07048146421
Net Proceeds from Borrowing -15442730-381-1
Interest Paid -43-22-19-28-9-11-11
Dividend Paid 0000000
Others 16-2-29-30-668-4419
Net Cash Flow 47-24414-380271
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)26.4743.3490.7134.377.3310.9717.01
ROCE (%)20.4217.1729.9317.53714.1220.34
Asset Turnover Ratio1.521.511.581.080.831.141.41
PAT to CFO Conversion(x)5.50.260.24-0.250.610.40.5
Working Capital Days
Receivable Days64.7078.207874.1082.7083.6079.40
Inventory Days88.3079.6082.20106.40133.50108.7091.20
Payable Days120.50105.408179.607974.2076.40

Top 5 Mutual Funds Holding

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Announcements

Avalon Technologies Ltd FAQs

The current trading price of Avalon Technologies on 11-Sep-2026 15:13 is ₹2,263.3.

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 10-Sep-2026 the market cap of Avalon Technologies stood at ₹14,903.4 Cr

The latest P/E ratio of Avalon Technologies as of 10-Sep-2026 is 157.0.

The latest P/B ratio of Avalon Technologies as of 10-Sep-2026 is 17.83.

The 52-week high of Avalon Technologies is ₹2,422 and the 52-week low is ₹778.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avalon Technologies is ₹865 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Avalon Technologies Ltd is a average quality company.

The key valuation ratios of Avalon Technologies 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 Avalon Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Avalon Technologies Ltd

The company was incorporated as Avalon Technologies Private Limited, a private limited company, at Chennai under the Companies Act, 1956 on November 3, 1999, and was granted the certificate of incorporation by the RoC. Subsequently, the name of the company was changed to Avalon Technologies Limited pursuant to a special resolution passed by the shareholders of the Company on July 6, 2022, and a fresh certificate of incorporation dated July 29, 2022 was issued by the RoC consequent upon change of name upon conversion into a public limited company under the Companies Act, 2013. 

Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services (EMS) companies with end-to-end operations in delivering box build solutions in India in terms of revenue in Fiscal 2022, with a focus on high value precision engineered products. Through a unique global delivery model, it provides a full stack product and solution suite, right from printed circuit board (PCB) design and assembly to the manufacture of complete electronic systems (Box Build), to certain global original equipment manufacturers (OEMs), including OEMs located in the United States, China, Netherlands and Japan.

Its capabilities include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics and end-to end box build of electronic systems. It specializes in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals. The end-use industries it caters to include a mix of established and long product lifecycle industries, such as industrial, mobility and medical devices and high growth ‘sunrise’ industries, such as solar, electric vehicles and hydrogen in the clean energy sector and digital infrastructure in the communications sector.

Business area of the company

The company is one of the leading fully integrated Electronic Manufacturing Services (EMS) companies with end-to-end operations in delivering box build solutions in India in terms of revenue in Fiscal 2022 , with a focus on high value precision engineered products.


Products and solution of the company

  • Design for manufacturing implementation
  • Engineering
  • New product introduction (NPI) services
  • Volume production
  • Life Cycle Management
  • System integration
  • PCB assembly technology
  • Cable & wire harness
  • Sheet metal
  • Aerospace metal
  • Machining service for complex systems
  • Magnetics
  • Plastic
  • Supply chain & logistics

Awards, accreditations or recognition

  • 2015: Environmental Leadership award at the India ABO Suppliers Conference, 2015.
  • 2017: Export Excellence award for second place in highest exports in electronic hardware sector from MEPZ.
  • 2017: ‘Prime Supplier’ award from one of its Customers.
  • 2018: Supplier award for ‘Strategic Partnership’ from Faiveley Transport Rail Technologies.
  • 2019: Awarded ANSI/ESD S20.20 certification by NQA, USA for manufacture of printed circuit board assemblies, PCBA prototypes and box builds to ATS.
  • 2019: ‘Best Supplier Award’ for demonstrated sustained performance by Collins Aerospace.
  • 2020: Awarded ISO 9001:2015 accreditation by TUV SUD South Asia Private Limited for manufacture, assembly and supply of cable and harness assemblies
  • 2021: Awarded AS 9100D and ISO 9001:2015 accreditation by TUV SUD. America Inc for manufacture, assembly and supply of fabricated sheet metal and machined components including powder coating, manufacture, assembly and supply of cable and harness assemblies and injected cable over molded parts for aviation, space and defense applications.
  • 2021: Awarded ISO 9001:2015 accreditation by TUV SUD South Asia Private Limited for manufacture of printed circuit board assemblies, PCBA prototypes and box build.
  • 2021: Awarded IATF 16949 accreditation by TUV SUD Management Service GmBH for manufacture of electronic products covering PCB assemblies, cable assemblies, wiring harnesses and electromechanical assemblies.
  • 2021: Platinum winner (shutdown type) at the 9th CII National Poka Yoke competition organised by the Confederation of Indian Industry.
  • 2021: Star champion award, Poka Yoke competition – Shutdown type, organised by the Confederation of Indian Industry.
  • 2021: Gold winner in the Innovative Category at the 4th CII National Kai – Zen competition organized by the Confederation of Indian Industry.
  • 2021: Awarded AS 9100D and ISO 9001:2015 certification by TUV SUD America Inc for manufacture and supply of powder coated components for aviation, space and defense applications to ATS.
  • 2021: Awarded AS 9100D and ISO 9001:2015 certification by TUV SUD America Inc for manufacture and supply of injected molded plastic parts and assemblies for aviation, space and defense applications to ATS.
  • 2021: Awarded AS 9100D and ISO 9001:2015 certification by TUV SUD America Inc for manufacture and supply of fabricated sheet metal and machined components for aviation, space and defense applications to ATS.
  • 2021: Awarded ISO 9001:2015 certification by TUV SUD South Asia Private Limited for manufacture, assembly & supply of transformers, magnetic winding assemblies and electro mechanical assemblies to ATS.
  • 2021: Awarded ISO 9001:2015 certification by TUV SUD South Asia Private Limited for manufacturing of wiring and electro-mechanical assemblies (including cabinets and sub racks) to ATS.
  • 2021: Awarded ISO 9001:2015 certification by TUV SUD South Asia Private Limited for manufacturing of printed circuit board assemblies, PCB prototypes, box builds, cable harness and electro mechanical assemblies to ATS.
  • 2022: The company was recognized at the Supplier Conference Partnership for Growth by Baker Huges.
  • 2022: The Excellence in Quality Award awarded for outstanding performance to the company at Crane Co. Indian Supplier Meet.
  • 2022: Awarded “Indo-U.S. Business Excellence Award” to the company, for exports to USA (MSME category) by the Indo American Chamber of Commerce.


History and milestones

  • 1999: Incorporation of the company.
  • 2000: Allotment of 301 square meter factory space by Development Commissioner, Madras Export Processing Zone (“MEPZ”) for setting up of a unit by the company.
  • 2001: Export of the first consignment by the company to Sienna.
  • 2001: Allotment of additional 301 square meter factory space by MEPZ for setting up of an additional unit by the company.
  • 2002: Allotment of additional 301 square meter factory space by MEPZ for manufacture and export by the company.
  • 2003: Commencement of production of metal parts, sub-assemblies and plastics and other material for exports at MEPZ-SEZ, Chennai by the company.
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