Avantel
Avantel (AVANTEL) share price was ₹134.43 at the 28 Oct 2026 close; market capitalisation ₹3,573 Cr; P/E (TTM) 210.05; sector Aerospace & Defense. The share price fell 22.5% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 35.7% year on year to ₹70.42 Cr and net profit rose 66.9% year on year to ₹5.39 Cr (compared with Jun 2025). Promoters held 36.85% of Avantel in Sep 2026, down 0.19 percentage points from Jun 2026. Its Tapetide Score is 32/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapAerospace & DefenseCapital GoodsPrice-based figures as of 29 Oct 2026, 10:57 IST · EPS basis: Consolidated · TTM
Peer Comparison
Industrials › Aerospace & Defense › Engineering › Aerospace & Defense
| ₹4,792.80 | 34.39 | 3,20,530 Cr | 7.81 | 0.93% | 22.21% | 13.80% | 37,682 Cr | 9,322 Cr | |
| ₹364.80 | 43.43 | 2,66,661 Cr | 11.12 | 0.68% | 25.09% | 31.88% | 29,290 Cr | 6,148 Cr | |
| ₹999.20 | 70.32 | 36,627 Cr | 8.64 | 0.49% | 9.91% | 7.22% | 3,207 Cr | 521 Cr | |
| ₹4,012.60 | 83.84 | 22,464 Cr | 12.94 | 0.24% | 3.53% | 11.06% | 966 Cr | 267 Cr | |
| ₹1,909.90 | 27.32 | 21,878 Cr | 8.33 | 1.02% | 28.48% | 36.76% | 7,808 Cr | 801 Cr | |
| ₹907.00 | 99.89 | 17,187 Cr | 18.26 | 0.00% | 57.22% | 53.16% | 974 Cr | 166 Cr | |
| ₹215.70 | — | 14,466 Cr | 10.39 | 0.00% | -7.63% | 1.11% | 1,453 Cr | -171 Cr | |
| Avantel (this company) | ₹136.40 | 213.13 | 3,625 Cr | 10.42 | 0.15% | 4.43% | 8.62% | 262 Cr | 17 Cr |
| Median 8 companies | ₹953.10 | 70.32 | 22,171 Cr | 10.41 | 0.37% | 16.06% | 12.43% | 2,330 Cr | 394 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 100/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 17.8%
Weaknesses
2- Stock is trading at 11.9 times its book value
- Promoter holding has decreased over last 3 years: -3.25%
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 24.77% · Jun 2026
AI Analysis — Bull vs Bear
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.
- 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
- 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
- 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.
- ₹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.
- 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 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 (₹) | 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 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 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 (₹) | 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% | — |
Balance Sheet
| Particulars | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Particulars | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/EBITDA | 200 | -21 | 217 | -106 | 22 | 96 | 87 | 38 |
Ratios
| Particulars | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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69 extracted metrics + investor summaries across FY06–FY27.
Documents
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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]
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