Avalon Technologies Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2023 • Cables: 47.6% • Printed Circuit Board: 36.5% • Unallocated: 15.9%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 50.4% CAGR over last 5 years
- Company is almost debt free
- Latest quarter profit grew 38.2% YoY, showing strong momentum
- Company has delivered good sales growth of 17.3% CAGR over last 5 years
- Company comfortably covers its interest (34.2x coverage)
CONS
- A large part of profit comes from other income (36.7% of PBT)
- Promoter holding has decreased over last 2 years: -6.5pp
- Company has a low return on capital employed of 10.3%
- Company has a low return on equity of 8.4% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.36x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMA | 1622.10 | 84.97 | 31279.03 | 0.09 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| KAYNES | 3606.20 | 69.93 | 24174.04 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 13.38 | 15.60 |
| AVALON | 2292.85 | 114.78 | 15335.11 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 20.34 | 11.96 |
| UTLSOLAR | 451.20 | 47.05 | 13847.41 | 0.00 | 577.94 | — | 13456.93 | — | 40.63 | 18.94 |
| CYIENTDLM | 944.05 | 91.28 | 7494.19 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| VIKRAMSOLR | 166.60 | 16.92 | 6036.82 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| SAATVIKGL | 415.55 | 21.29 | 5281.85 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| WEBELSOLAR | 78.27 | 11.22 | 3398.20 | 0.32 | 77.79 | — | 372.60 | 115.39 | 63.74 | 33.70 |
| KERNEX | 1713.80 | 15.10 | 2879.80 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| INA | 90.74 | 9.99 | 2000.38 | 0.00 | 380.25 | 796.94 | 7406.98 | 1766.82 | 34.98 | 9.74 |
| MODINSULAT | 422.25 | 21.14 | 1990.65 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| IKIO | 219.65 | 36.51 | 1697.47 | 0.00 | 11.05 | 364.51 | 169.29 | 40.91 | 10.02 | 12.97 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 114 | 97 | 120 | 111 | 117 | 162 | 151 | 202 | 166 | 206 | 215 | 234 | 211 | |
| 102 | 93 | 107 | 109 | 112 | 154 | 140 | 181 | 150 | 181 | 191 | 209 | 191 | |
| Operating Profit | 12 | 4 | 12 | 2 | 5 | 7 | 12 | 21 | 17 | 25 | 23 | 25 | 20 |
| OPM % | 10.36% | 4.51% | 10.31% | 1.49% | 3.97% | 4.53% | 7.77% | 10.53% | 10.01% | 12.16% | 10.85% | 10.49% | 9.53% |
| 5 | 6 | 3 | 5 | 7 | 6 | 13 | 5 | 6 | 12 | 12 | 15 | 7 | |
| Interest | 2 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before Tax | 14 | 10 | 14 | 5 | 10 | 12 | 22 | 24 | 19 | 33 | 32 | 36 | 27 |
| Tax % | 24.95% | 24.89% | 25.95% | 21.74% | 26.86% | 25.09% | 25.29% | 23.08% | 24.46% | 25.33% | 25.25% | 26.22% | 24.33% |
| Net Profit | 11 | 8 | 10 | 4 | 7 | 9 | 16 | 18 | 15 | 25 | 24 | 26 | 20 |
| 1.64 | 1.17 | 1.60 | 0.57 | 1.06 | 1.31 | 2.49 | 2.79 | 2.19 | 3.72 | 3.57 | 3.92 | 3.02 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 327 | 369 | 435 | 479 | 442 | 632 | 821 | 865 | |
| 296 | 338 | 388 | 424 | 410 | 582 | 731 | 772 | |
| Operating Profit | 31 | 31 | 47 | 56 | 32 | 49 | 90 | 93 |
| OPM % | 9.51% | 8.51% | 10.82% | 11.66% | 7.20% | 7.82% | 10.90% | 10.74% |
| 1 | 3 | 7 | 5 | 19 | 27 | 44 | 45 | |
| Interest | 20 | 17 | 12 | 18 | 3 | 3 | 4 | 3 |
| Depreciation | 4 | 3 | 6 | 5 | 5 | 6 | 10 | 10 |
| Profit before Tax | 7 | 14 | 36 | 38 | 43 | 67 | 120 | 127 |
| Tax % | 24.01% | 15.34% | 25.27% | 26.19% | 24.90% | 24.69% | 25.43% | 25.35% |
| Net Profit | 6 | 12 | 27 | 28 | 32 | 51 | 89 | 95 |
| EPS | 380.04 | 759.28 | 4.87 | 4.89 | 4.94 | 7.64 | 13.39 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 17%
- 3 Years:
- 20%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 50%
- 3 Years:
- 47%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 54%
- 1 Year:
- 132%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 8%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 2 | 12 | 13 | 13 | 13 | |
| 185 | 204 | 224 | 325 | 660 | 711 | 802 | |
| 125 | 129 | 143 | 127 | 32 | 39 | 38 | |
| Trade Payables | 66 | 98 | 57 | 65 | 48 | 109 | 127 |
| 24 | 24 | 17 | 417 | 31 | 31 | 42 | |
| Total Liabilities | 401 | 457 | 443 | 946 | 784 | 903 | 1,024 |
| 31 | 36 | 42 | 46 | 54 | 91 | 103 | |
| Capital Work in Progress | 3 | 0 | 2 | 12 | 15 | 7 | 22 |
| 11 | 86 | 87 | 88 | 192 | 194 | 229 | |
| 128 | 111 | 114 | 174 | 192 | 180 | 228 | |
| 0 | 0 | 0 | 0 | 174 | 278 | 287 | |
| Cash & Bank | 23 | 26 | 7 | 420 | 51 | 53 | 38 |
| 205 | 196 | 190 | 206 | 107 | 99 | 116 | |
| Total Assets | 401 | 457 | 443 | 946 | 784 | 903 | 1,024 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 40 | 87 | 6 | -7 | -10 | 4 | 67 | |
| Cash from Investing | -9 | -79 | -5 | -16 | -205 | -8 | -50 |
| Cash from Financing | -17 | -3 | -10 | 449 | -181 | 6 | -4 |
| 10 | 3 | -19 | 414 | -396 | 3 | 13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-05 - Avalon Technologies Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-04 - Avalon Technologies Limited has informed the Exchange regarding 'Letter to shareholders whose e-mail address is not registered with Company/RTA/DPs'.
2026-09-04 - Avalon Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
2026-09-03 - Avalon Technologies Limited has informed the Exchange about change in Management
2026-09-03 - Avalon Technologies Limited has informed the Exchange regarding a press release dated September 03, 2026, on the Joint Venture Agreement between Avalon and Zollner.
2026-09-03 - Avalon Technologies Limited has informed the Exchange about the Joint Venture Agreement
2026-09-03 - Avalon Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.
2026-09-02 - Avalon Technologies Limited has informed the Exchange about Options to purchase securities
2026-08-29 - Avalon Technologies Limited has informed the Exchange regarding Allotment of 70545 Shares.
News
Recent coverage and analyst commentary for AVALON
Loading news…
AI Stock Analyst
Avalon Technologies Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account