---
title: "Avana Electrosystems Ltd (AVANA) — Share Price, Financials & Analysis"
symbol: "AVANA"
company: "Avana Electrosystems Ltd"
canonical: "https://tapetide.com/stocks/AVANA"
isin: "INE1KU201016"
nse_symbol: "AVANA"
sector: "Capital Goods"
industry: "Electrical Equipment"
market_cap_cr: 323.83
generated_at: "2026-09-13T19:14:42.562Z"
---

# Avana Electrosystems Ltd (AVANA)

Canonical page: https://tapetide.com/stocks/AVANA

## Company

- **NSE Symbol:** AVANA
- **ISIN:** INE1KU201016
- **Sector:** Capital Goods
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** avanaelectrosystems.com

## About

Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.[1]

## Latest Price

- **Price:** ₹143.75
- **Change:** -4.15 (-2.81%)
- **Open:** ₹143
- **Day High:** ₹151.35
- **Day Low:** ₹143
- **Previous Close:** ₹147.9
- **Volume:** 18000
- **As Of:** 2026-09-11T10:01:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:20.278024Z.

- **Market Cap:** ₹323.83 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹23.11
- **Price to Book:** 6.4
- **Dividend Yield:** 0%
- **ROE:** 41.62%
- **ROCE:** 57.29%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹83.86 Cr
- **Net Income:** ₹11.55 Cr
- **EBITDA:** ₹16.33 Cr
- **52-Week High:** ₹168.05
- **52-Week Low:** ₹60.1
- **RSI (14):** 48.42

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 112% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 612.63% | — | 428.91% |
| ebitda margin growth | -13.25% | 33.31% | 255.17% |
| net income growth | 26.92% | 133% | 113% |
| revenue growth | 33.32% | 43% | 41% |
| roce | 28.08% | 242.85% | 28.01% |
| roe | 27.9% | 27.98% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 36 | 48 |
| Expenses | 28 | 39 |
| Operating Profit | 8 | 9 |
| OPM % | 21 | 18 |
| Other Income | 1 | 0 |
| Interest | 0 | 0 |
| Depreciation | 0 | 0 |
| Profit before tax | 7 | 8 |
| Tax % | 24 | 28 |
| Net Profit | 6 | 6 |
| EPS in Rs | 3.21 | 2.7 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 23 | 15 | 20 | 28 | 53 | 61 | 84 |
| Expenses | 21 | 14 | 20 | 26 | 46 | 50 | 68 |
| Operating Profit | 1 | 1 | 1 | 2 | 7 | 12 | 16 |
| OPM % | 6 | 4.3 | 3.8 | 7 | 13 | 19 | 19 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 2 | 0 | 1 | 1 | 6 | 12 | 16 |
| Tax % | 22 | 26 | 27 | 21 | 31 | 28 | 26 |
| Net Profit | 1 | 0 | 0 | 1 | 4 | 8 | 12 |
| EPS in Rs | 13.86 | 3.4 | 5.04 | 11.59 | 50.62 | 106.66 | 5.18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.88 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 23 |
| Reserves | 8 | 8 | 8 | 9 | 13 | 21 | 36 |
| Borrowings | 2 | 4 | 5 | 7 | 9 | 6 | 1 |
| Other Liabilities | 6 | 5 | 7 | 12 | 15 | 21 | 25 |
| Total Liabilities | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
| Fixed Assets | 2 | 2 | 2 | 2 | 4 | 3 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 15 | 15 | 18 | 27 | 34 | 45 | 75 |
| Total Assets | 17 | 17 | 20 | 29 | 38 | 48 | 85 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 1 | 0 | 0 | 1 | 6 | 8 |
| Cash from Investing Activity | 0 | 0 | 0 | -1 | -1 | -1 | -9 |
| Cash from Financing Activity | 1 | -2 | -1 | 2 | 1 | -4 | 20 |
| Net Cash Flow | 1 | 0 | -1 | 1 | 1 | 0 | 18 |
| Free Cash Flow | 0 | 1 | 0 | 0 | -1 | 6 | 1 |
| CFO/OP | 29 | 214 | 30 | -1 | 37 | 67 | 72 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 74 | 111 | 124 | 143 | 102 | 126 | 97 |
| Inventory Days | 113 | 169 | 166 | 173 | 134 | 167 | 164 |
| Days Payable | 85 | 121 | 91 | 129 | 76 | 105 | 97 |
| Cash Conversion Cycle | 103 | 160 | 199 | 187 | 160 | 188 | 164 |
| Working Capital Days | 69 | 83 | 68 | 79 | 56 | 108 | 105 |
| ROCE % | — | 7 | 8 | 13 | 35 | 50 | 38 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 100% | 73.64% |
| FIIs | 0% | 0% | 1.1% |
| DIIs | 0% | 0% | 8.54% |
| Government | 0% | 0% | 0% |
| Public | 0% | 0% | 11.24% |
| Others | 0% | 0% | 5.48% |
| No. of Shareholders | 8 | 8 | 471 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 7 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 151.27 | Sell |
| EMA (10) | 149.01 | Sell |
| SMA (20) | 148.54 | Sell |
| EMA (20) | 149.22 | Sell |
| SMA (50) | 147.21 | Sell |
| EMA (50) | 145.48 | Sell |
| SMA (100) | 140.87 | Buy |
| EMA (100) | 131.36 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.77 | Neutral |
| MACD (12,26,9) | 0.36 | Sell |
| Stochastic (14,3,3) | 22.26 | Neutral |
| ADX (14) | 15.6 | Neutral |
| Williams %R (14) | -91.34 | Buy |
| ATR (14) | 6.59 | High Volatility |
| ROC (12) | -4.1 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 48.39 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat/remat requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat/remat requests received.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_08072026122816_Avana_-_74_5__-_30062026.pdf) |
| 5 Sep - Avana Electrosystems AGM on 28 September 2026; notice dispatched, annual report shared, e-voting available. | [Copy of Newspaper Publication 5 Sep - Avana Electrosystems AGM on 28 September 2026; notice dispatched, annual report shared, e-voting available.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_05092026152912_AEL_-_NSE_Intimation_-_Newspaper_ADS.pdf) |
| 31 Jul - Avana Electrosystems confirms corporate governance provisions are not applicable as NSE Emerge-listed SME. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 31 Jul - Avana Electrosystems confirms corporate governance provisions are not applicable as NSE Emerge-listed SME.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_31072026162156_Avana_-_CG_30062026.pdf) |
| 30 March 2026 - Trading window closed from Mar 31, 2026 until 48 hours after results; board meeting date pending. | [Trading Window 30 March 2026 - Trading window closed from Mar 31, 2026 until 48 hours after results; board meeting date pending.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_30032026191713_NoticeofTradingWindowClosurePeriod.pdf) |
| 30 March 2026 - Company Secretary & Compliance Officer Amrutha Naveen resigns; cessation March 31, 2026; resignation to be placed before Board. | [Resignation 30 March 2026 - Company Secretary & Compliance Officer Amrutha Naveen resigns; cessation March 31, 2026; resignation to be placed before Board.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_30032026134406_CSResignationintimationwef30032026.pdf) |
| 30 April 2026 - Avana Electrosystems confirms it is not a Large Corporate for FY2026. | [Updates 30 April 2026 - Avana Electrosystems confirms it is not a Large Corporate for FY2026.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_30042026121419_Avana_-_Non_applicability_of_Large_Corporate_30042026.pdf) |
| 3 Sep - 16th AGM on 28 Sep 2026; FY26 annual report filed, with managerial remuneration revisions proposed. | [Shareholders meeting 3 Sep - 16th AGM on 28 Sep 2026; FY26 annual report filed, with managerial remuneration revisions proposed.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_03092026231032_Avana_-_Notice_and_AR_of_AGM.pdf) |
| 3 Jul - Clarification on 21 May 2026 board outcome; resubmits audited results, unmodified opinion declaration, and IPO utilization certificate. | [Reply to Clarification- Financial results 3 Jul - Clarification on 21 May 2026 board outcome; resubmits audited results, unmodified opinion declaration, and IPO utilization certificate.](https://nsearchives.nseindia.com/corporate/AVANAELECTROSYSTEMS_23062026160426_Avana_Electrosystems_Reply_to_NSE.pdf) |
| 29 Jan - Newspaper Publications on Unaudited Financial results for the quarter and nine months ended on December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jan - Newspaper Publications on Unaudited Financial results for the quarter and nine months ended on December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ccec460-3d80-484b-8ef4-c114ed5910e3.pdf) |
| 28 Jan - Investor Presentation on the unaudited financial results for the quarter and nine months ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Investor Presentation 28 Jan - Investor Presentation on the unaudited financial results for the quarter and nine months ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f694716-35d5-495b-a1cc-26ee9f66ee5c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31334_AVANA_2025_2026_A_15120075_03092026231902.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9adb609-4e7a-4476-a9d8-cc2797f9550b.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d9d4804-8cf0-40aa-a446-dcc701186970.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b08e2d77-30c2-4af0-96d1-756c60a70dfa.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539871/73662539871_15_07_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539871/68525539871.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539871/66978539871.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539871/5398710319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539871/5398710318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539871/5398710317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15c309fa-b64b-4370-a22b-af1c58d156c0.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b46f531-1548-4488-a03c-1d314de18c46.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d0cbbc7-c055-4b56-adbb-b00943768700.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0352c4f0-3559-44b0-a76f-ec4445355ebf.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71630703-fcb9-4fea-9abf-e3693cf47a24.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1564dea-b23f-41cd-aaa9-4f92a3c7fb8e.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1fa2465-04a3-4025-bc27-e0d9e05d3c15.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/aab6b882-66be-4818-a1e5-8522d98b8104.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce28028f-638e-49da-a434-4a07ce64f6a4.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/46bc6ed2-3026-455c-9fa0-c24bbda1d2dd.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:14:42.562Z.