Avalon Technologies Ltd logo

Avalon Technologies Ltd

AVALON NSE

Key Fundamentals

MicrocapOther Electrical EquipmentCapital Goods
Market Cap
₹14,171 Cr
Volatility
Moderate
P/E Ratio
108.88
EBITDA
₹173 Cr
Return on Equity
10.37%
Debt to Equity
0.3
Book Value
₹108.02
EPS
₹2.83
52W High
₹2,081
52W Low
₹777.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY20–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 39.9% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 19.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.85%

Growth Rate

Revenue Growth
43.76% ↗
Net Income Growth
85.21% ↗
Cash Flow Change
44.94% ↗
ROE
102.94% ↗
ROCE
84.11% ↗
EBITDA Margin (Avg.)
-10.23% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 7d ago
AI opinion · based on fundamentals
Risk high

Avalon Technologies is a capital goods/EMS company with a market cap of Rs 13,346 Cr trading at a PE of 98.3x and PB of 18.2x. The company has delivered strong profit growth of 40% CAGR over 5 years and TTM sales growth of 44%, but carries an elevated valuation with no dividend payout and a 3-year ROE of only 11%.

Bull Case 8
  • Strong TTM revenue growth of 44% indicates accelerating top-line momentum
  • Compounded profit growth of 40% CAGR over 5 years demonstrates sustained earnings expansion
  • TTM profit growth of 67% shows significant operating leverage kicking in
  • ROE has improved from 11% (3-year average) to 17% in the last year, indicating improving capital efficiency
  • Compounded sales growth of 18-19% over 3 and 5 years provides a base of consistent revenue scaling
  • Stock CAGR of 119% over 1 year reflects strong market confidence in the EMS/capital goods opportunity
  • Company is expected to deliver a good quarter based on sector tailwinds and order pipeline visibility
  • Zero debt-to-equity data combined with strong profit growth suggests the company is funding growth without excessive leverage
Bear Case 8
  • PE ratio of 98.3x is extremely elevated relative to capital goods sector median, leaving little room for execution misses
  • Price-to-book of 18.2x implies the market is pricing in years of future growth already
  • 3-year ROE of only 11% is modest for a company trading at such premium multiples
  • Promoter holding has decreased by 6.85% over the last 3 years, signaling potential dilution or reduced insider confidence
  • Zero dividend yield despite reporting repeated profits suggests shareholders are not being rewarded with cash returns
  • Stock has already rallied 119% in 1 year and 56% CAGR over 3 years, increasing downside risk from any growth disappointment
  • 5-year ROE of 14% and 3-year ROE of 11% show a declining trend in capital efficiency over the medium term
  • At 98.3x PE, even the 67% TTM profit growth gives a PEG ratio of approximately 1.5x, which is not cheap for a capital goods business

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2d ago
Positives 1
  • Q1 profit surges 145% YoY Aug 4

    Avalon Technologies reported Q1FY26 consolidated net profit of ₹348.69 million, up 145% YoY, with revenue rising 49% to ₹4,844.14 million on strong EMS demand.

Neutral 2
  • Q1FY27 earnings call recording Aug 5

    Avalon Technologies released the audio recording of its earnings call for the quarter ended June 30, 2026, available on the company's website.

  • Q4FY26 earnings call scheduled Jul 28

    Avalon Technologies announced an earnings call on August 5, 2026 at 3:30 PM IST to discuss unaudited standalone and consolidated financial results for Q1FY27.

TL;DR: Avalon Technologies is delivering strong growth with Q1FY26 profit up 145% and revenue up 49% driven by robust EMS demand. No material headwinds are visible in recent news flow. The earnings momentum and sector tailwinds suggest an improving trend, though investors should watch for margin sustainability as the company scales rapidly.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
235
201
214
217
199
275
281
343
323
382
418
480
484
Expenses
219
188
198
200
195
245
246
301
293
344
370
423
426
Operating Profit
16
13
17
17
4
30
35
41
30
39
48
57
58
OPM %
7%
6%
8%
8%
2.2%
11%
12%
12%
9%
10%
11%
12%
12%
Other Income
5
5
2
3
4
4
10
3
2
8
7
12
3
Interest
6
3
4
4
4
4
5
4
4
4
3
4
3
Depreciation
5
6
6
6
7
7
7
8
8
9
8
8
9
PBT
10
9
9
10
-2
23
33
33
19
34
44
56
49
Tax %
32%
15%
27%
29%
14%
25%
27%
25%
26%
26%
27%
27%
28%
Net Profit
7
7
7
7
-2
17
24
24
14
25
33
41
35
EPS in Rs
1.08
1.11
1
1.07
-0.35
2.65
3.63
3.67
2.14
3.74
4.88
6.16
5.22
Figures in ₹ Crores

Profit & Loss

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
642
690
841
945
867
1,098
1,603
1,764
Expenses
577
624
743
832
805
983
1,430
1,563
Operating Profit
64
66
98
113
63
115
173
201
OPM %
10%
10%
12%
12%
7%
10%
11%
11%
Other Income
11
5
31
14
15
17
29
30
Interest
45
27
25
35
16
17
15
15
Depreciation
16
16
18
20
23
29
34
34
PBT
15
29
86
73
38
87
154
183
Tax %
19%
20%
21%
28%
26%
27%
26%
—
Net Profit
12
23
67
52
28
63
113
134
EPS in Rs
754
1,346
3,958
9.06
4.26
9.59
16.92
20
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
2
2
12
13
13
13
Reserves
45
58
87
525
534
598
708
Borrowings
274
316
318
342
209
180
213
Other Liabilities
129
136
183
310
168
246
330
Total Liabilities
450
512
589
1,189
923
1,038
1,264
Fixed Assets
99
104
114
128
147
185
192
CWIP
3
0
2
15
20
10
24
Investments
2
0
0
0
75
35
81
Other Assets
346
408
473
1,046
681
808
967
Total Assets
450
512
589
1,189
923
1,038
1,264
Figures in ₹ Crores

Cash Flow

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
66
6
16
-13
17
25
57
Investing
-19
-27
-18
-25
-146
54
-64
Financing
-42
28
-21
452
-251
-52
8
Net Cash Flow
4
7
-24
414
-380
26
1
Free Cash Flow
49
-14
-2
-41
-18
-21
4
CFO/OP
109
14
29
5
54
39
53
Figures in ₹ Crores

Ratios

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
65
96
77
80
79
105
87
Inventory Days
138
117
153
194
209
175
161
Days Payable
121
102
78
87
64
98
87
Cash Conversion Cycle
82
111
152
187
223
182
160
Working Capital Days
-46
-17
18
18
106
104
102
ROCE %
—
18%
24%
17%
6%
13%
20%

Shareholding Pattern

As of Jun 2026
Promoters 44.39%
DIIs 24.72%
Others 12.69%
Public 10.40%
FIIs 7.81%
Total 100.01%
  Aug 2022Mar 2023Apr 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
75.16%
70.75%
51.24%
51.24%
51.09%
50.97%
50.91%
50.87%
50.70%
50.57%
50.57%
44.60%
44.46%
44.43%
44.42%
44.39%
FIIs
0.00%
0.00%
0.00%
0.00%
9.24%
0.00%
2.42%
2.56%
2.97%
5.39%
7.13%
8.67%
10.04%
7.56%
6.42%
7.81%
DIIs
0.00%
0.00%
14.04%
16.59%
16.28%
17.02%
22.47%
23.19%
23.74%
20.87%
17.32%
22.01%
22.85%
25.40%
26.18%
24.72%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
0.06%
4.14%
4.30%
7.49%
11.83%
10.55%
9.83%
9.07%
8.97%
10.71%
10.88%
9.78%
9.70%
10.11%
10.40%
Others
24.84%
29.20%
30.59%
27.87%
15.90%
20.18%
13.64%
13.54%
13.52%
14.19%
14.28%
13.85%
12.88%
12.92%
12.87%
12.69%
No. of Shareholders
9
19
33,992
27,612
55,329
71,388
70,431
65,296
57,388
59,703
63,007
61,743
61,064
57,290
65,594
72,969

Documents

Frequently Asked Questions about Avalon Technologies Ltd

What does Avalon Technologies Ltd do?
Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company with end-to-end capabilities in delivering box-build solutions, focusing on high-value precision-engineered products.[1]
Where is Avalon Technologies Ltd (AVALON) listed?
Avalon Technologies Ltd is listed on the Indian stock exchanges. It is listed on NSE: AVALON and BSE: 543896. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Avalon Technologies Ltd belong to?
Avalon Technologies Ltd operates in the Capital Goods sector within the Other Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Avalon Technologies Ltd?
Avalon Technologies Ltd has a market capitalisation of approximately ₹14171.01 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Avalon Technologies Ltd?
The Price-to-Earnings (PE) ratio of Avalon Technologies Ltd is 108.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Avalon Technologies Ltd?
Over the past 52 weeks, Avalon Technologies Ltd has traded between a low of ₹777.3 and a high of ₹2,081. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Avalon Technologies Ltd?
Avalon Technologies Ltd has a Return on Equity (ROE) of 10.37%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Avalon Technologies Ltd on Tapetide?
On Tapetide, you can view Avalon Technologies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company with end-to-end capabilities in delivering box-build solutions, focusing on high-value precision-engineered products.[1]

Website avalontec.com
CEO Mr. Kunhamed Bicha
Employees 1,142
Listed 2023-04-18
Face Value ₹ 2
Issued Size 6,67,34,029

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