Avantel logo

Avantel

AVANTEL NSE

Key Fundamentals

MicrocapEngineeringAerospace & Defense
Market Cap
₹4,144 Cr
Volatility
Moderate
P/E Ratio
244.47
EBITDA
₹50.40 Cr
Return on Equity
4.43%
Debt to Equity
0.1
Book Value
₹12.73
EPS
₹2.13
52W High
₹215
52W Low
₹117.05

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 17.8%

Weaknesses

2
  • Stock is trading at 12.3 times its book value
  • Promoter holding has decreased over last 3 years: -3.06%

Growth Rate

Revenue Growth
-10.2% lower than 3Y
Net Income Growth
-73.4% lower than 3Y
Cash Flow Change
-79.86% higher than 3Y
ROE
-81.38% lower than 3Y
ROCE
-73.3% higher than 3Y
EBITDA Margin (Avg.)
-40.55% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Avantel Ltd is a small-cap industrials company with a market cap of ₹4,846 Cr trading at a PE of 318x. The company delivered strong long-term stock CAGR of 83% over 5 years but faces a sharp TTM profit decline of -73% and negative sales growth of -11% TTM, presenting a mixed picture of historical strength against recent operational deterioration.

Bull Case 7
  • Exceptional long-term stock price CAGR of 83% over 5 years and 56% over 10 years, reflecting sustained wealth creation historically
  • Healthy 5-year average ROE of 21%, indicating efficient capital deployment over the medium term
  • 3-year average ROE of 20% demonstrates consistent return generation over recent cycles
  • Compounded sales growth of 23% over 5 years shows the company has scaled revenues meaningfully over the medium term
  • 3-year compounded sales growth of 13% indicates a business that was growing prior to the recent TTM slowdown
  • Company maintains a healthy dividend payout of 17.8%, providing some cash return to shareholders
  • 1-year stock CAGR of 12% suggests the market still assigns positive momentum despite recent earnings weakness
Bear Case 8
  • TTM compounded profit declined -73%, signaling a severe earnings collapse in the most recent period
  • PE ratio of 318x is extremely elevated, implying the stock prices in significant future recovery that may not materialize
  • TTM sales growth of -11% indicates the top line is contracting, not just margins
  • Price-to-book of 14.0x is very high for an industrials company, leaving limited margin of safety
  • Last year ROE collapsed to 5% from a 3-year average of 20%, a 75% deterioration in return on equity
  • 5-year compounded profit growth is 0%, meaning despite revenue scaling, earnings have not grown over this period
  • Promoter holding has decreased by 3.10% over the last 3 years, which may signal reduced insider confidence
  • Dividend yield of only 0.11% provides negligible income cushion at current valuations

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

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 1
  • Q4 profit drops 21.5% YoY Jun 9

    Consolidated net profit fell 21.5% YoY to ₹4.77 crore in Q4 FY26 vs ₹6.08 crore in Q4 FY25, indicating margin pressure despite revenue growth.

Positives 3
  • ₹83.80 crore Zetwerk order win Jul 1

    Avantel received a ₹83.80 crore purchase order from Zetwerk Manufacturing for satellite communication equipment, with execution scheduled by March 2027.

  • ₹9.94 crore DRDO satellite contract Jun 9

    Secured a ₹9.94 crore contract from Ministry of Defence for development and testing of GSAT satellite terminals, with completion by December 2028 and 24-month warranty.

  • Q4 revenue up 29.6% YoY Jun 9

    Revenue from operations rose 29.6% YoY to ₹63.83 crore in Q4 FY26, signalling strong top-line momentum and order execution.

Neutral 2
  • Final dividend of ₹0.20 declared Jun 24

    Avantel declared a final dividend of Re.0.20 per share for FY26 at its 36th AGM held on June 24, 2026.

  • Independent director tenure ends Jun 24

    Independent Director Myneni Narayana Rao ceased to be director on June 24, 2026, after completing his second consecutive term.

TL;DR: Avantel is building strong order book momentum with ₹93.74 crore in new orders (Zetwerk + DRDO) reinforcing its position in satellite communications and defence electronics. Revenue growth of 29.6% YoY is healthy, but a 21.5% profit decline in Q4 suggests cost or margin pressures that need monitoring. The trend is improving on the top line with enhanced revenue visibility through FY27-28, though profitability conversion remains the key risk to watch.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
68.95
54.33
59.33
41.76
51.76
77.42
70.68
49.26
51.91
55.42
51.72
63.83
70.42
Expenses
54.7
29.38
34.89
23.6
37.6
42.73
38.63
37.65
41.46
44.1
39.18
50.24
52.98
Operating Profit
14.25
24.95
24.44
18.16
14.16
34.69
32.05
11.61
10.45
11.32
12.54
13.59
17.44
OPM %
20.67%
45.92%
41.19%
43.49%
27.36%
44.81%
45.35%
23.57%
20.13%
20.43%
24.25%
21.29%
24.77%
Other Income
0.21
0.4
0.36
0.46
0.3
0.49
0.51
0.48
0.05
0.91
0.41
1.1
0.12
Interest
1.49
1.51
0.87
0.31
0.64
0.72
1.02
0.66
0.8
1.26
1.77
1.81
1.76
Depreciation
1.57
1.64
1.84
2.45
2.86
2.96
3.05
2.94
4.4
4.76
5.36
5.57
7.1
PBT
11.4
22.2
22.09
15.86
10.96
31.5
28.49
8.49
5.3
6.21
5.82
7.31
8.7
Tax %
29.74%
27.61%
26.12%
23.33%
32.66%
27.3%
29.48%
28.39%
39.25%
31.4%
52.92%
34.75%
37.93%
Net Profit
8.01
16.07
16.32
12.15
7.38
22.9
20.08
6.08
3.23
4.27
2.74
4.77
5.39
EPS in Rs
0.3
0.61
0.62
0.46
0.28
0.87
0.76
0.23
0.12
0.16
0.1
0.18
0.2
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2006Mar 2007Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
16
23
78
105
154
224
249
223
241
Expenses
14
18
56
78
108
143
157
175
186
Operating Profit
2
5
22
27
47
82
92
48
55
OPM %
12%
22%
29%
25%
30%
36%
37%
22%
23%
Other Income
0
0
1
1
0
1
2
2
3
Interest
1
1
2
2
5
4
3
6
7
Depreciation
1
1
3
4
6
8
12
20
23
PBT
1
3
18
22
37
72
79
25
28
Tax %
10%
34%
17%
20%
27%
27%
29%
39%
—
Net Profit
1
2
15
18
27
53
56
15
17
EPS in Rs
0.03
0.06
0.58
0.68
1.02
2
2.13
0.56
0.64
Div. Payout %
0%
24%
11%
9%
6%
9%
9%
35%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2006Mar 2007Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
4
4
16
49
49
53
Reserves
6
8
62
78
91
115
188
285
Borrowings
0
0
3
16
30
18
26
34
Other Liabilities
9
6
17
11
12
34
26
37
Total Liabilities
21
19
87
109
149
216
290
410
Fixed Assets
7
8
16
27
31
48
115
181
CWIP
0
0
1
7
9
18
5
6
Investments
0
0
0
0
0
0
0
0
Other Assets
14
12
70
75
110
149
171
223
Total Assets
21
19
87
109
149
216
290
410
Figures in ₹ Crores

Cash Flow

Particulars Mar 2006Mar 2007Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
-1
45
-32
2
65
50
10
Investing
-1
-1
-42
23
-10
-42
-57
-93
Financing
0
0
-3
9
8
-23
8
86
Net Cash Flow
3
-2
0
0
0
1
1
4
Free Cash Flow
3
-3
39
-53
-10
35
-15
-83
CFO/OP
200
-21
217
-106
22
96
87
38
Figures in ₹ Crores

Ratios

Particulars Mar 2006Mar 2007Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
134
93
62
126
94
104
104
117
Inventory Days
143
122
34
131
258
218
345
521
Days Payable
329
112
4
6
18
28
24
11
Cash Conversion Cycle
-52
103
91
251
334
295
426
627
Working Capital Days
33
81
24
166
161
143
183
243
ROCE %
—
33%
—
29%
35%
47%
37%
10%

Insights

Beta

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

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Shareholding Pattern

DIIs1.14%Public49.55%FIIs1.53%Others10.73%Promot.37.04%As ofJun 2026

Documents

Frequently Asked Questions about Avantel

What does Avantel Ltd do?
Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defence sectors. [1]
Where is Avantel Ltd (AVANTEL) listed?
Avantel Ltd trades as AVANTEL on the NSE and under code 532406 on the BSE.
Which sector does Avantel Ltd belong to?
Avantel Ltd is classified under the Aerospace & Defense sector, in the Engineering industry.
What is the market capitalisation of Avantel Ltd?
Avantel Ltd has a market capitalisation of ₹4,144 Cr, which places it in the Small Cap band.
What is the PE ratio of Avantel Ltd?
Avantel Ltd trades at a PE ratio of 244.47, on earnings per share of ₹2.13, against a book value of ₹12.73 per share.
What is the 52-week high and low of Avantel Ltd?
Over the last 52 weeks Avantel Ltd has traded between ₹117.05 and ₹215.
Does Avantel Ltd pay dividends?
Avantel Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Avantel Ltd?
Avantel Ltd reported a return on equity of 4.43%. Its debt-to-equity ratio is 0.10.

Company Information

Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defence sectors. [1]

Website avantel.in
CEO Dr. Abburi Vidyasagar
Employees 332
Listed 2024-07-31
Face Value ₹ 2
Issued Size 26,54,66,930

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