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]
Avantel specialises in RF microwavesubsystems, digital radios, & satellite communication systems, & offers related software solutions & services.It provides indigenous solutions in the area of:-Satcom-HF Systems-Software Defined Radios-Wind Profiler RadarsTo diversify further, it is setting up Design, Development & Manufacturing of Antennas &Connectors for Defence & Aerospace applications.[1]The products developed by Avantel are used for Indian satellites communication (voice & data) for various platforms like ships, submarines, aircrafts & helicopters.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bharat Electron | 415.65 | 53.36 | 303904.52 | 0.58 | 1287.16 | 17.88 | 5792.09 | 25.78 | 38.88 | 25152.11 | 29.52 | 5695.67 | 1287.77 | 14.09 | 13.21 | 0.00 |
| 2. | Hind.Aeronautics | 4525.10 | 35.74 | 302684.35 | 0.88 | 1669.05 | 10.82 | 6628.61 | 10.92 | 33.88 | 32104.78 | 30.58 | 8469.33 | 1669.07 | 8.15 | 8.82 | 0.00 |
| 3. | Bharat Dynamics | 1539.50 | 86.29 | 56445.11 | 0.30 | 215.88 | 76.19 | 1147.03 | 110.55 | 19.66 | 4004.08 | 14.19 | 654.13 | 215.88 | 13.38 | 4.94 | 0.00 |
| 4. | Garden Reach Sh. | 2503.60 | 46.54 | 28686.67 | 0.55 | 153.79 | 57.30 | 1677.38 | 45.49 | 36.64 | 5900.30 | 9.56 | 616.41 | 153.79 | 12.49 | 5.02 | 0.01 |
| 5. | Data Pattern | 2693.40 | 64.57 | 15071.97 | 0.29 | 49.19 | 62.45 | 307.46 | 237.79 | 21.00 | 920.04 | 33.05 | 233.43 | 49.19 | 9.81 | 12.18 | 0.00 |
| 6. | Zen Technologies | 1320.00 | 48.21 | 11920.53 | 0.15 | 61.91 | -6.29 | 173.57 | -28.23 | 37.22 | 808.97 | 38.44 | 247.25 | 58.73 | 6.63 | 21.38 | 0.01 |
| 7. | Aequs | 140.56 | – | 9446.98 | 0.00 | -16.98 | 41.02 | 537.16 | 17.04 | 1.11 | 924.61 | 8.60 | -63.19 | -16.69 | – | -3.37 | 1.10 |
| 8. | Avantel | 163.82 | 111.38 | 4349.43 | 0.12 | 6.17 | -73.82 | 55.12 | -28.65 | 37.03 | 226.54 | 30.63 | 39.05 | 6.17 | 12.85 | 23.01 | 0.09 |
| – | Median: 26 Co. | 655.28 | 62.33 | 5094.43 | 0.11 | 15.64 | 38.59 | 130.38 | 19.21 | 18.09 | 533.43 | 21.82 | 44.56 | 15.64 | 8.12 | 7.67 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 38.68 | 59.10 | 70.44 | 68.90 | 51.65 | 51.84 | 52.38 | 41.71 | 49.14 | 36.23 | 54.20 | 77.25 | 55.12 |
Expenses | 26.78 | 34.07 | 37.65 | 54.06 | 36.88 | 40.49 | 33.44 | 22.68 | 36.59 | 25.55 | 28.69 | 41.98 | 42.42 |
Operating Profit | 11.90 | 25.03 | 32.79 | 14.84 | 14.77 | 11.35 | 18.94 | 19.03 | 12.55 | 10.68 | 25.51 | 35.27 | 12.70 |
Other Income | 0.28 | 0.34 | 0.49 | 0.13 | 0.30 | 0.05 | 0.09 | 0.46 | 0.48 | 0.06 | 0.37 | 0.49 | 0.91 |
Profit before tax | 9.28 | 22.75 | 29.31 | 12.08 | 11.66 | 6.70 | 16.16 | 16.82 | 9.57 | 8.39 | 22.83 | 32.17 | 8.12 |
Tax % | 18.64% | 25.36% | 28.66% | 28.06% | 30.70% | 31.04% | 34.84% | 22.18% | 23.09% | 17.52% | 26.85% | 26.73% | 24.01% |
Net Profit | 7.55 | 16.97 | 20.90 | 8.69 | 8.08 | 4.62 | 10.54 | 13.08 | 7.36 | 6.92 | 16.71 | 23.57 | 6.17 |
EPS in Rs | 0.29 | 0.64 | 0.79 | 0.33 | 0.31 | 0.17 | 0.40 | 0.50 | 0.28 | 0.26 | 0.63 | 0.89 | 0.23 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 13 | 25 | 25 | 34 | 52 | 51 | 52 | 78 | 105 | 154 | 224 | 248 | 227 |
Expenses | 11 | 21 | 21 | 30 | 40 | 36 | 37 | 56 | 77 | 105 | 140 | 153 | 157 |
Operating Profit | 2 | 4 | 4 | 4 | 11 | 14 | 15 | 22 | 28 | 49 | 84 | 95 | 69 |
Other Income | 0 | 1 | 0 | 1 | 15 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 2 |
Interest | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 5 | 4 | 3 | 4 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 7 | 11 | 14 |
Profit before tax | -1 | 1 | 1 | 1 | 24 | 12 | 13 | 18 | 24 | 40 | 74 | 83 | 54 |
Net Profit | -1 | 1 | 1 | 1 | 17 | 10 | 11 | 15 | 19 | 30 | 55 | 60 | 39 |
EPS in Rs | -0.04 | 0.03 | 0.02 | 0.03 | 0.66 | 0.36 | 0.41 | 0.58 | 0.73 | 1.14 | 2.11 | 2.26 | 1.47 |
Dividend Payout % | -0% | 68% | 69% | 92% | 9% | 21% | 15% | 11% | 8% | 5% | 9% | 8% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 16 | 49 | 49 | 53 |
Reserves | 17 | 16 | 16 | 17 | 33 | 39 | 48 | 62 | 80 | 96 | 123 | 199 | 285 |
Borrowings | 11 | 9 | 9 | 10 | -0 | -0 | -0 | 3 | 16 | 30 | 18 | 26 | 31 |
Other Liabilities | 3 | 3 | 3 | 3 | 6 | 4 | 15 | 17 | 11 | 12 | 34 | 23 | 33 |
Total Liabilities | 34 | 32 | 32 | 34 | 43 | 47 | 67 | 87 | 110 | 154 | 223 | 298 | 402 |
Fixed Assets | 15 | 14 | 13 | 13 | 12 | 12 | 14 | 16 | 25 | 26 | 44 | 95 | 111 |
Gross Block | 26.77 | 26.79 | 28.23 | 15.08 | 15.14 | 16.69 | 21.74 | 25.98 | 38.21 | 43.78 | 68.79 | 129.95 | – |
Accumulated Depreciation | 11.38 | 13.10 | 14.84 | 1.77 | 3.04 | 5.03 | 7.52 | 9.96 | 13.51 | 18.24 | 24.63 | 34.96 | – |
CWIP | -0 | -0 | -0 | -0 | -0 | 0 | -0 | 1 | 7 | 9 | 16 | 5 | 19 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 5 | 12 | 17 | 30 | 36 |
Other Assets | 18 | 18 | 19 | 21 | 31 | 36 | 53 | 70 | 73 | 108 | 146 | 168 | 237 |
Total Assets | 34 | 32 | 32 | 34 | 43 | 47 | 67 | 87 | 110 | 154 | 223 | 298 | 402 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -2 | 4 | 4 | 2 | 9 | 4 | 3 | 45 | -30 | 4 | 68 | 50 |
Cash from Investing Activity | -1 | 0 | -1 | -2 | 4 | -1 | 0 | -42 | 20 | -13 | -45 | -57 |
Cash from Financing Activity | 2 | -4 | -2 | -0 | -12 | -4 | -3 | -3 | 9 | 8 | -23 | 8 |
Net Cash Flow | -1 | 0 | -0 | -0 | 1 | -0 | 0 | 0 | -1 | -0 | 0 | 2 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 121 | 67 | 61 | 105 | 63 | 139 | 208 | 62 | 126 | 94 | 104 | 104 |
Inventory Days | – | 459 | 551 | 190 | 122 | 62 | 139 | 34 | 130 | 257 | 219 | 346 |
Days Payable | – | 20 | 14 | 12 | 38 | 4 | 43 | 4 | 5 | 17 | 28 | 11 |
Cash Conversion Cycle | 121 | 505 | 597 | 282 | 147 | 197 | 305 | 91 | 251 | 334 | 295 | 439 |
Working Capital Days | 245 | 122 | 115 | 74 | 101 | 154 | 217 | 24 | 162 | 158 | 140 | 184 |
ROCE % | 0% | 9% | 9% | 9% | 29% | 33% | 29% | 33% | 30% | 37% | 48% | 37% |
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