Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 54.33 | 59.33 | 41.76 | 51.76 | 77.42 | 70.68 | 49.26 | 51.91 | 55.42 | 51.72 | 63.83 | 70.42 |
| Operating costs | 29.38 | 34.89 | 23.60 | 37.60 | 42.73 | 38.63 | 37.65 | 41.46 | 44.10 | 39.18 | 50.24 | 52.98 |
| EBITDA | 24.95 | 24.44 | 18.16 | 14.16 | 34.69 | 32.05 | 11.61 | 10.45 | 11.32 | 12.54 | 13.59 | 17.44 |
| EBITDA margin % | 45.92% | 41.19% | 43.49% | 27.36% | 44.81% | 45.35% | 23.57% | 20.13% | 20.43% | 24.25% | 21.29% | 24.77% |
| Depreciation & amortisation | 1.64 | 1.84 | 2.45 | 2.86 | 2.96 | 3.05 | 2.94 | 4.40 | 4.76 | 5.36 | 5.57 | 7.10 |
| Finance costs | 1.51 | 0.87 | 0.31 | 0.64 | 0.72 | 1.02 | 0.66 | 0.80 | 1.26 | 1.77 | 1.81 | 1.76 |
| Non-operating income | 0.40 | 0.36 | 0.46 | 0.30 | 0.49 | 0.51 | 0.48 | 0.05 | 0.91 | 0.41 | 1.10 | 0.12 |
| Pre-tax profit | 22.20 | 22.09 | 15.86 | 10.96 | 31.50 | 28.49 | 8.49 | 5.30 | 6.21 | 5.82 | 7.31 | 8.70 |
| Effective tax rate % | 27.61% | 26.12% | 23.33% | 32.66% | 27.30% | 29.48% | 28.39% | 39.25% | 31.40% | 52.92% | 34.75% | 37.93% |
| Profit after tax | 16.07 | 16.32 | 12.15 | 7.38 | 22.90 | 20.08 | 6.08 | 3.23 | 4.27 | 2.74 | 4.77 | 5.39 |
| Earnings per share (Rs) | 0.61 | 0.62 | 0.46 | 0.28 | 0.87 | 0.76 | 0.23 | 0.12 | 0.16 | 0.10 | 0.18 | 0.20 |
| Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 16 | 23 | 78 | 105 | 154 | 224 | 249 | 223 | 241 |
| Operating costs | 14 | 18 | 56 | 78 | 108 | 143 | 157 | 175 | 186 |
| EBITDA | 2 | 5 | 22 | 27 | 47 | 82 | 92 | 48 | 55 |
| EBITDA margin % | 12% | 22% | 29% | 25% | 30% | 36% | 37% | 22% | 23% |
| Depreciation & amortisation | 1 | 1 | 3 | 4 | 6 | 8 | 12 | 20 | 23 |
| Finance costs | 1 | 1 | 2 | 2 | 5 | 4 | 3 | 6 | 7 |
| Non-operating income | 0 | 0 | 1 | 1 | 0 | 1 | 2 | 2 | 3 |
| Pre-tax profit | 1 | 3 | 18 | 22 | 37 | 72 | 79 | 25 | 28 |
| Effective tax rate % | 10% | 34% | 17% | 20% | 27% | 27% | 29% | 39% | |
| Profit after tax | 1 | 2 | 15 | 18 | 27 | 53 | 56 | 15 | 17 |
| Earnings per share (Rs) | 0.03 | 0.06 | 0.58 | 0.68 | 1.02 | 2.00 | 2.13 | 0.56 | 0.64 |
| Paid out as dividend % | 0% | 24% | 11% | 9% | 6% | 9% | 9% | 35% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | % | 23% | 13% | -3% | ||
| Profit CAGR | % | 0% | -17% | -67% | ||
| Share price CAGR | 56% | 62% | 23% | -16% | ||
| Average return on equity | % | 21% | 20% | 5% |
| Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 7 | 8 | 16 | 27 | 31 | 48 | 115 | 181 |
| Capital work in progress | 0 | 0 | 1 | 7 | 9 | 18 | 5 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current & other assets | 14 | 12 | 70 | 75 | 110 | 149 | 171 | 223 |
| Total assets | 21 | 19 | 87 | 109 | 149 | 216 | 290 | 410 |
| Share capital | 5 | 5 | 4 | 4 | 16 | 49 | 49 | 53 |
| Reserves & surplus | 6 | 8 | 62 | 78 | 91 | 115 | 188 | 285 |
| Total debt | 0 | 0 | 3 | 16 | 30 | 18 | 26 | 34 |
| Other liabilities & provisions | 9 | 6 | 17 | 11 | 12 | 34 | 26 | 37 |
| Equity + liabilities | 21 | 19 | 87 | 109 | 149 | 216 | 290 | 410 |
| Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4 | -1 | 45 | -32 | 2 | 65 | 50 | 10 |
| Investing cash flow | -1 | -1 | -42 | 23 | -10 | -42 | -57 | -93 |
| Free cash flow (after capex) | 3 | -3 | 39 | -53 | -10 | 35 | -15 | -83 |
| Financing cash flow | -0 | -0 | -3 | 9 | 8 | -23 | 8 | 86 |
| Net change in cash | 3 | -2 | 0 | -0 | -0 | 1 | 1 | 4 |
| Cash conversion (OCF / EBITDA) % | 200% | -21% | 217% | -106% | 22% | 96% | 87% | 38% |
| Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 33% | 29% | 35% | 47% | 37% | 10% | ||
| Receivable days | 134 | 93 | 62 | 126 | 94 | 104 | 104 | 117 |
| Inventory days | 143 | 122 | 34 | 131 | 258 | 218 | 345 | 521 |
| Payable days | 329 | 112 | 4 | 6 | 18 | 28 | 24 | 11 |
| Cash cycle (days) | -52 | 103 | 91 | 251 | 334 | 295 | 426 | 627 |
| Working capital days | 33 | 81 | 24 | 166 | 161 | 143 | 183 | 243 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 40.10% | 40.10% | 40.06% | 40.06% | 40.06% | 38.58% | 38.57% | 37.15% | 37.15% | 37.08% | 37.04% | 37.04% |
| Foreign investors % | 0.00% | 0.00% | 0.00% | 0.01% | 0.11% | 0.18% | 0.48% | 0.47% | 0.66% | 0.60% | 0.55% | 1.54% |
| Domestic institutions % | 0.01% | 0.01% | 0.00% | 0.36% | 0.65% | 0.92% | 0.43% | 0.18% | 0.16% | 0.00% | 0.92% | 1.14% |
| Retail & others % | 59.89% | 59.89% | 59.94% | 59.56% | 59.18% | 60.33% | 60.52% | 62.20% | 62.03% | 62.32% | 61.48% | 60.28% |
| Shareholder count | 47,135 | 82,759 | 98,052 | 1,49,081 | 1,94,783 | 2,04,932 | 2,08,381 | 2,21,646 | 2,09,275 | 2,04,063 | 1,97,774 | 1,89,918 |
Fundamentals
Market value₹ 3,966 Cr.
Last price₹ 149
P/E (trailing)231
Book value / share₹ 12.7
Return on capital9.63 %
Return on equity5.29 %
Dividend yield0.13 %
Face value₹ 2.00
Revenue CAGR (TTM)-3%
Profit CAGR (TTM)-67%
Consolidated figures.
Valuation
Market capRs 3,656 Cr
Enterprise valueRs 3,660 Cr
P/E (TTM)212.92x
Price to book22.28x
Price to sales15.14x
EV / EBITDA63.73x
EV / EBIT105.66x
EV / sales15.16x
Price to cash flow56.09x
Earnings yield0.47%
Dividend yield0.13%
P/E, 3-year average15.15x
P/B, 3-year average4.80x
P/E, 5-year average9.15x
P/B, 5-year average2.89x
Profitability
Operating margin (excl. other income)36.46%
Operating margin (incl. other income)37.09%
EBITDA margin23.79%
Pre-tax margin11.62%
Net profit margin7.11%
Net margin, latest quarter7.65%
ROE38.70%
ROCE47.41%
ROA28.77%
ROE, 3-year average30.37%
ROCE, 3-year average37.08%
ROA, 3-year average22.64%
ROE, 5-year average29.46%
ROCE, 5-year average38.45%
ROA, 5-year average21.48%
ROIC (approx.)15.12%
Tax rate26.54%
Other income / net worth0.87%
Growth
Sales growth (latest year)45.27%
Profit growth (latest year)95.79%
Sales CAGR, 3 years42.41%
Sales CAGR, 5 years69.30%
Profit CAGR, 3 years50.78%
Profit CAGR, 5 years122.21%
Sales growth QoQ10.32%
Profit growth QoQ13.00%
Sales growth YoY (latest quarter)35.66%
Profit growth YoY (latest quarter)66.87%
Per share
EPS (TTM)Rs 0.71
EPS (latest year)Rs 2.16
EPS (latest quarter)Rs 0.22
EPS, 3-year averageRs 21.02
EPS, 5-year averageRs 21.00
Book value per shareRs 6.75
Sales per shareRs 9.92
Cash flow per shareRs 2.68
Dividend per share (latest year)Rs 0.20
Dividend per share, 3-year averageRs 1.73
Dividend per share, 5-year averageRs 2.04
Dividends
Dividend payout9.25%
Dividend payout, 3-year average8.10%
Dividend payout, 5-year average11.83%
Efficiency
Asset turnover1.04x
Fixed asset turnover4.63x
Inventory turnover2.06x
Inventory days177 days
Debtor days104 days
Debtors turnover3.50x
Leverage
Total debtRs 18 Cr
Cash and bankRs 13 Cr
Net debtRs 4 Cr
Debt to equity0.11x
Net debt / EBITDA0.07x
Interest coverage5.25x
Current ratio (filing 2026-03-31)3.72x
Quick ratio (filing 2026-03-31)2.13x
Trade payables (filing 2026-03-31)Rs 2 Cr
Owners' fund to total sources76.03%
Debt to assets8.11%
Cash flow
Operating cash flow (latest year)Rs 65 Cr
Investing cash flow (latest year)Rs -42 Cr
Financing cash flow (latest year)Rs -23 Cr
Net change in cash (latest year)Rs 1 Cr
Sales to cash flow3.44x
Statement figures
Net sales (TTM)Rs 241 Cr
Net sales (latest year)Rs 224 Cr
Sales (latest quarter)Rs 70 Cr
Operating profit excl. other income (latest year)Rs 82 Cr
Operating profit (latest quarter)Rs 17 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 57 Cr
PBDT (TTM)Rs 51 Cr
Profit before tax (TTM)Rs 28 Cr
Tax (latest year)Rs 19 Cr
Net profit (TTM)Rs 17 Cr
Net profit (latest year)Rs 53 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 7 Cr
Cost of goods sold (latest year)Rs 95 Cr
Total expenditure (latest year)Rs 143 Cr
Total income (latest year)Rs 226 Cr
Share capitalRs 49 Cr
ReservesRs 115 Cr
Shareholders' fundsRs 164 Cr
Total assetsRs 216 Cr
Net blockRs 48 Cr
Capital work in progressRs 18 Cr
ReceivablesRs 64 Cr
InventoryRs 46 Cr
Other liabilitiesRs 34 Cr
Shares outstanding (crore)24.33
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 212.9 is at the 50th percentile of its own 5.2-year range
(median 211.8, low 43.1, high 353.9).
P/B 22.28 is at the 5th percentile (median 35.20).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | AVANTEL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.3% | -2.8% | -0.5 pts |
| 1 month | -4.1% | -6.8% | +2.7 pts |
| 3 months | -15.6% | -7.6% | -7.9 pts |
| 6 months | +18.7% | +0.4% | +18.3 pts |
| 1 year | -16.5% | -9.9% | -6.6 pts |
| 2 years | -12.7% | -13.6% | +0.9 pts |
| 3 years | +88.6% | +14.2% | +74.4 pts |
| 5 years | +1018.2% | +27.9% | +990.3 pts |
Red flags
F-score 8 of 8| explain | Weak cash conversion Cash from operations was 35% of net profit over the last 3 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹70 Cr +35.7% vs Jun 2025.
Net profit ₹5 Cr +66.9%.
Against our estimate for Jun 2026: sales +33.8%, profit +49.6% in line. Our estimate for Sep 2026: sales Rs 73 Cr, profit Rs 6 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Hindustan Aeronautics Ltd | 304,246 | 32.6 | 32.0 % |
| Bharat Electronics Ltd | 283,437 | 46.1 | 36.4 % |
| Bharat Dynamics Ltd | 39,776 | 76.4 | 13.9 % |
| Garden Reach Shipbuilders & Engineers Ltd | 25,271 | 31.6 | 42.8 % |
| Data Patterns (India) Ltd | 23,634 | 87.4 | 21.9 % |
| Sigma Advanced System Ltd | 18,554 | 112 | 11.7 % |
| Aequs Ltd | 18,217 | 1.69 % | |
| Astra Microwave Products Ltd | 15,691 | 83.0 | 20.3 % |
| Apollo Micro Systems Ltd | 14,961 | 123 | 14.5 % |
| Zen Technologies Ltd | 14,625 | 80.5 | 16.2 % |
| Paras Defence and Space Technologies Ltd | 10,678 | 115 | 17.2 % |
| AXISCADES Technologies Ltd | 8,793 | 268 | 15.4 % |
| Unimech Aerospace and Manufacturing Ltd | 8,526 | 118 | 11.2 % |
| Mishra Dhatu Nigam Ltd | 7,851 | 58.5 | 11.4 % |
| Cyient DLM Ltd | 7,312 | 89.1 | 9.90 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-06-12 | Dividend - Rs 0.20 Per Share | |
| 2025-06-12 | Dividend - Re 0.20 Per Share | |
| 2025-05-07 | Rights 10:121@ Premium Rs 38/- |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Order win | Bagging/Receiving of orders/contracts |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
| Trade date | Shares sold short |
|---|---|
| 2026-09-30 | 1 |
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Avantel Ltd?
Avantel Ltd (AVANTEL) has a market capitalisation of Rs 3,966 Cr. at the 2026-10-01 close.
What is the P/E ratio of Avantel Ltd?
Avantel Ltd trades at a P/E of 231 on trailing twelve-month profit, at the 2026-10-01 close.
What were Avantel Ltd's latest quarterly results?
In the Jun 2026 quarter, Avantel Ltd sales was Rs 70 Cr (+35.7% vs Jun 2025) and net profit was Rs 5 Cr.
What is the 52-week high and low of Avantel Ltd?
The 52-week high is Rs 215.00 and the 52-week low is Rs 117.05.