Avantel Ltd.

•

avantel.inBSE: 532406NSE: AVANTEL

Market Cap₹ 4,153 Cr.

Current Price

High / Low₹ 215 / 117

Stock P/E241.7

Book Value₹ 13

Price to Book10.25

Dividend Yield0.13 %

ROCE9.6 %

ROE5.4 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Communications & Signal Processing Products: 99.3% • Health Care: 0.7%

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 32.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 24.9%
Latest quarter profit grew 67.2% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 23.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.01x)

CONS

Valuation is stretched - P/E of 241.7 is well above its own 5-year median (47.0)
Total debt has risen sharply - up 62.9% year on year
Company has delivered a poor profit growth of -0.4% over past five years
Operating margins have contracted to 18.6% from 27.4%
Stock is trading at 10.2x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsAerospace & Defense

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	HAL	5029.00	36.08	336326.95	0.89	1589.66	14.88	5515.17	14.45	31.99	27.89
2.	BEL	410.50	48.82	300066.42	0.61	1054.53	8.82	5546.98	24.94	36.68	25.22
3.	BDL	1243.40	87.52	45578.38	0.39	118.79	547.36	572.24	147.63	13.91	14.52
4.	DATAPATTNS	4930.85	3589.10	27604.86	0.20	220.60	765.10	1160.30	1068.13	23.18	27.04
5.	ASTRAMICRO	1755.95	88.19	16671.87	0.14	12.35	-24.12	176.66	-11.55	20.29	20.40
6.	ZENTEC	1826.80	91.56	16494.71	0.05	31.85	-39.99	141.64	-10.48	16.83	27.13
7.	AEQUS	232.25	312.78	15576.21	0.00	-532.28	-6067.26	3955.45	1486.69	1.50	4.47
8.	APOLLO	417.90	128.00	15529.14	0.06	252.16	1325.84	2512.93	1781.17	14.52	21.38
9.	PARAS	1504.05	128.33	12120.74	0.07	20.74	45.34	127.91	37.26	18.68	24.95
10.	UNIMECH	1630.35	115.22	8298.81	0.00	27.86	45.70	107.62	70.85	12.10	36.35
11.	AXISCADES	1852.90	216.89	7881.03	0.00	-14.76	-170.76	183.35	-24.77	14.56	4.73
12.	AVANTEL	156.30	241.74	4153.06	0.13	5.40	67.18	70.42	35.66	9.60	24.75

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	69	54	59	42	52	77	71	49	52	55	52	64	70
	55	29	35	24	38	43	39	38	41	44	39	50	62
Operating Profit	14	25	24	18	14	35	32	12	10	11	13	14	9
OPM %	20.67%	45.92%	41.21%	43.46%	27.36%	44.81%	45.35%	23.55%	20.13%	20.43%	24.25%	21.29%	12.18%
	0	0	0	0	0	0	1	0	0	1	0	1	0
Interest	1	2	1	0	1	1	1	1	1	1	2	2	2
Depreciation	2	2	2	2	3	3	3	3	4	5	5	6	7
Profit before Tax	11	22	22	16	11	32	28	8	5	6	6	7	9
Tax %	29.74%	27.61%	26.11%	23.34%	32.66%	27.30%	29.52%	28.39%	39.25%	31.40%	52.92%	34.70%	37.99%
Net Profit	0	0	0	0	7	23	20	6	3	4	3	5	5
	0.33	0.66	0.67	0.50	0.32	0.99	0.87	0.26	0.32	0.15	0.10	0.17	0.20

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	78	105	154	224	249	223	241
	56	78	108	143	157	175	195
Operating Profit	22	27	47	82	93	48	46
OPM %	28.54%	25.38%	30.31%	36.46%	37.13%	21.48%	19.07%
	1	1	0	1	2	2	3
Interest	2	2	5	4	3	6	7
Depreciation	3	4	6	7	12	20	23
Profit before Tax	19	22	37	72	79	25	28
Tax %	17.13%	19.99%	26.81%	26.54%	28.95%	39.14%	38.77%
Net Profit	15	18	27	53	56	15	17
EPS	37.82	44.34	16.55	2.15	2.29	0.56	—
Dividend Payout %	10.55%	9.06%	6.10%	9.32%	8.73%	35.80%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 23%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -1%
3 Years:: -18%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -7%

RETURN ON EQUITY

10 Years:: —
5 Years:: 25%
3 Years:: 25%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	16	49	49	53
	62	78	91	109	175	275
	3	16	30	18	26	34
Trade Payables	0	1	3	6	4	2
	17	10	9	34	35	46
Total Liabilities	87	109	149	216	290	410
	16	27	31	49	115	181
Capital Work in Progress	1	7	9	18	5	6
	3	17	45	46	60	93
	0	0	0	64	71	72
Cash & Bank	43	1	1	13	8	11
	25	57	64	26	31	47
Total Assets	87	109	149	216	290	410

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	-28	10	65	50	10
Cash from Investing	-42	23	-10	-42	-57	-93
Cash from Financing	-3	9	8	-23	8	86
	0	-0	-0	1	1	4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.06	38.58	38.57	37.15	37.15	37.08	37.04	37.04
	0.11	0.18	0.48	0.48	0.66	0.60	0.55	1.54
	0.62	0.89	0.40	0.18	0.16	0.00	0.92	1.14
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	59.21	60.36	60.56	62.19	62.03	62.32	61.48	60.29

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-29

Bagging/Receiving of orders/contracts

2026-08-29 - Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-08-17

General Updates

2026-08-17 - Avantel Limited has informed the Exchange about General Updates

2026-08-17

Shareholders meeting

2026-08-17 - Avantel Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

2026-08-17

Shareholders meeting

2026-08-17 - Avantel Limited has informed the Exchange regarding Proceedings of Postal Ballot

2026-08-05

Copy of Newspaper Publication

2026-08-05 - Avantel Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-04

Bagging/Receiving of orders/contracts

2026-08-04 - Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-07-18

Bagging/Receiving of orders/contracts

2026-07-18 - Avantel Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-07-17

Copy of Newspaper Publication

2026-07-17 - Avantel Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-17

General Updates

2026-07-17 - Announcement Under Regulation 30 - Letters Sent To Shareholders whose e-mail addresses are not registered with the Company

News

Recent coverage and analyst commentary for AVANTEL

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AI Stock Analyst

Avantel Ltd.

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Free 5nance Account

Name

HAL

5029.00

36.08

336326.95

0.89

1589.66

14.88

5515.17

14.45

31.99

27.89

BEL

410.50

48.82

300066.42

0.61

1054.53

8.82

5546.98

24.94

36.68

25.22

BDL

1243.40

87.52

45578.38

0.39

118.79

547.36

572.24

147.63

13.91

14.52

DATAPATTNS

4930.85

3589.10

27604.86

0.20

220.60

765.10

1160.30

1068.13

23.18

27.04

ASTRAMICRO

1755.95

88.19

16671.87

0.14

12.35

-24.12

176.66

-11.55

20.29

20.40

ZENTEC

1826.80

91.56

16494.71

0.05

31.85

-39.99

141.64

-10.48

16.83

27.13

AEQUS

232.25

312.78

15576.21

0.00

-532.28

-6067.26

3955.45

1486.69

1.50

4.47

APOLLO

417.90

128.00

15529.14

0.06

252.16

1325.84

2512.93

1781.17

14.52

21.38

PARAS

1504.05

128.33

12120.74

0.07

20.74

45.34

127.91

37.26

18.68

24.95

UNIMECH

1630.35

115.22

8298.81

0.00

27.86

45.70

107.62

70.85

12.10

36.35

AXISCADES

1852.90

216.89

7881.03

0.00

-14.76

-170.76

183.35

-24.77

14.56

4.73

AVANTEL

156.30

241.74

4153.06

0.13

5.40

67.18

70.42

35.66

9.60

24.75

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

Operating Profit

OPM %

20.67%

45.92%

41.21%

43.46%

27.36%

44.81%

45.35%

23.55%

20.13%

20.43%

24.25%

21.29%

12.18%

Interest

Depreciation

Profit before Tax

Tax %

29.74%

27.61%

26.11%

23.34%

32.66%

27.30%

29.52%

28.39%

39.25%

31.40%

52.92%

34.70%

37.99%

Net Profit

0.33

0.66

0.67

0.50

0.32

0.99

0.87

0.26

0.32

0.15

0.10

0.17

0.20

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

105

154

224

249

223

241

108

143

157

175

195

Operating Profit

OPM %

28.54%

25.38%

30.31%

36.46%

37.13%

21.48%

19.07%

Interest

Depreciation

Profit before Tax

Tax %

17.13%

19.99%

26.81%

26.54%

28.95%

39.14%

38.77%

Net Profit

EPS

37.82

44.34

16.55

2.15

2.29

0.56

—

Dividend Payout %

10.55%

9.06%

6.10%

9.32%

8.73%

35.80%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

109

175

275

Trade Payables

Total Liabilities

109

149

216

290

410

115

181

Capital Work in Progress

Cash & Bank

Total Assets

109

149

216

290

410

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-28

Cash from Investing

-42

-10

-42

-57

-93

Cash from Financing

-3

-23

-0

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

40.06

38.58

38.57

37.15

37.08

37.04

0.11

0.18

0.48

0.66

0.60

0.55

1.54

0.62

0.89

0.40

0.18

0.16

0.00

0.92

1.14

Government

0.00

59.21

60.36

60.56

62.19

62.03

62.32

61.48

60.29

Avantel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Avantel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI