Avalon Technologies Limited (IN:AVALON)
:AVALON
Top Page
Avalon Technologies Limited
(AVALON)
Select Model
Select Model
Rating:60Neutral
Price Target:
₹928.00
▲(3.99% Upside)
Action:ReiteratedDate:02/04/26
The score is mainly supported by strong revenue growth and improving profitability, but it is held back by negative free cash flow and a very high P/E valuation. Technically, the stock is above key moving averages, yet elevated RSI and negative MACD point to less favorable near-term momentum.
Positive Factors
Revenue Growth
Consistent double-digit revenue growth demonstrates durable demand for Avalon's EMS services and expanding market penetration. Sustained top-line expansion supports capacity utilization, scale economies and reinvestment in tooling and quality, underpinning predictable earnings power over the next 2–6 months.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow indicates that operating cash generation is not fully covering capex or working capital needs. This constrains self‑funding for growth, may force external financing, and limits the company's ability to rapidly deleverage or return cash to shareholders over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit revenue growth demonstrates durable demand for Avalon's EMS services and expanding market penetration. Sustained top-line expansion supports capacity utilization, scale economies and reinvestment in tooling and quality, underpinning predictable earnings power over the next 2–6 months.
Read all positive factors
Avalon Technologies Limited (AVALON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹64.28B
Dividend YieldN/A
Average Volume (3M)49.63K
Price to Earnings (P/E)44.9
Beta (1Y)1.20
Revenue Growth46.80%
EPS Growth201.41%
CountryIN
Employees830
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)4.90
Shares Outstanding66,766,170
10 Day Avg. Volume68,026
30 Day Avg. Volume49,625
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)8.42
Price to Sales (P/S)4.69
P/FCF Ratio-243.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,000.00Price Target Upside12.06% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)16.67
Revenue Forecast (FY)₹15.52B
Avalon Technologies Limited Business Overview & Revenue Model
Company Description
Avalon Technologies Limited provides integrated electronic manufacturing services in India, the United States, and internationally. Its capabilities include printed circuit board design and assembly, cable assembly and wire harnesses, sheet metal ...
How the Company Makes Money
Avalon Technologies makes money primarily by providing contract manufacturing services to original equipment manufacturers (OEMs) and other customers, earning revenue from the sale of assembled electronic components, sub-assemblies, and finished e...
Avalon Technologies Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
65
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.29B | 10.98B | 8.67B | 9.45B | 8.39B | 6.90B |
| Gross Profit | 4.71B | 3.93B | 871.00M | 1.37B | 2.85B | 2.34B |
| EBITDA | 1.67B | 1.15B | 767.57M | 1.13B | 1.26B | 715.70M |
| Net Income | 874.59M | 634.39M | 279.85M | 525.03M | 632.08M | 230.82M |
Balance Sheet | ||||||
| Total Assets | 11.04B | 10.40B | 9.31B | 11.89B | 5.88B | 5.12B |
| Cash, Cash Equivalents and Short-Term Investments | 689.26M | 1.35B | 1.82B | 4.22B | 101.39M | 335.25M |
| Total Debt | 1.63B | 1.80B | 2.09B | 3.42B | 3.18B | 3.16B |
| Total Liabilities | 4.54B | 4.28B | 3.83B | 6.52B | 5.01B | 4.84B |
| Stockholders Equity | 6.50B | 6.12B | 5.47B | 5.37B | 887.84M | 599.45M |
Cash Flow | ||||||
| Free Cash Flow | -329.35M | -211.23M | -182.31M | -687.20M | -20.83M | -136.98M |
| Operating Cash Flow | -101.74M | 250.56M | 172.89M | -414.24M | 138.59M | 55.16M |
| Investing Cash Flow | 254.02M | 537.98M | -1.46B | -254.08M | -165.69M | -262.62M |
| Financing Cash Flow | -283.00M | -522.84M | -2.51B | 4.52B | -208.36M | 279.64M |
Avalon Technologies Limited Technical Analysis
Positive
892.40
Price Trends
948.35
Positive
950.99
Positive
942.08
Positive
Market Momentum
-9.35
Negative
53.62
Neutral
61.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AVALON, the sentiment is Positive. The current price of 892.4 is below the 20-day moving average (MA) of 942.50, below the 50-day MA of 948.35, and below the 200-day MA of 942.08, indicating a bullish trend. The MACD of -9.35 indicates Negative momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 61.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AVALON.
Avalon Technologies Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹43.29B | 14.66 | ― | 1.62% | 11.91% | -1.02% | |
66 Neutral | ₹157.51B | 34.37 | ― | 0.20% | 1.30% | 111.88% | |
63 Neutral | ₹22.21B | 73.43 | ― | ― | 9.86% | 21.38% | |
63 Neutral | ₹2.19B | 121.46 | ― | 0.78% | -3.39% | -2.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹64.28B | 44.93 | ― | ― | 46.80% | 201.41% | |
55 Neutral | ₹41.38B | -13.94 | ― | 0.25% | 10.29% | ― |
* Technology Sector Average
IN:AVALON
Avalon Technologies Limited
962.70
192.30
24.96%
IN:CENTUM
Centum Electronics Limited
2,807.25
1,182.55
72.79%
IN:CYIENTDLM
Cyient DLM Limited
279.80
-181.95
-39.40%
IN:MASTEK
Mastek Limited
1,396.65
-761.30
-35.28%
IN:NITIRAJ
Nitiraj Engineers Ltd.
213.83
-55.19
-20.52%
IN:SYRMA
Syrma SGS Technology Limited
816.85
353.56
76.32%
Avalon Technologies Limited Corporate Events
Avalon Technologies Allots 7,188 Equity Shares Under ESOP Plan
Mar 12, 2026
Avalon Technologies Limited has allotted 7,188 equity shares to employees following the exercise of stock options granted under the “AVALON – Employee Stock Option Plan 2022,” at exercise prices of ₹20 and ₹500 per sh...
Avalon Technologies Confirms Full Demat Status and SEBI Compliance for December Quarter
Jan 7, 2026
Avalon Technologies Limited reported that its registrar and share transfer agent, MUFG Intime India Private Limited, has certified compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.