Avantel Limited (IN:AVANTEL)
:AVANTEL
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Avantel Limited
(AVANTEL)
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Rating:53Neutral
Price Target:
₹154.00
▼(-3.84% Downside)
Action:N/ADate:04/29/26
The score is held back primarily by deteriorating cash generation (sharply lower operating cash flow and deeper negative free cash flow) and a very high P/E valuation. Support comes from a relatively strong, low-leverage balance sheet and moderately positive technical momentum (above key short-to-mid-term moving averages with positive MACD).
Positive Factors
Balance sheet strength
Low leverage and a meaningful increase in equity provide a durable capital cushion to absorb project timing shocks, fund program qualifications, and reduce refinancing risk. This strengthens the company's ability to support multi-year defense contracts and invest in R&D or working capital when revenue is lumpy.
Negative Factors
Weak cash generation
A sharp drop in operating cash flow and a deep negative free cash flow position reduces internal funding for working capital and capex, raising the probability of external financing. Over months this constrains program execution, supplier payments, and ability to scale or fund new defense program bids.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage and a meaningful increase in equity provide a durable capital cushion to absorb project timing shocks, fund program qualifications, and reduce refinancing risk. This strengthens the company's ability to support multi-year defense contracts and invest in R&D or working capital when revenue is lumpy.
Read all positive factors
Avantel Limited (AVANTEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹41.69B
Dividend Yield0.12%
Average Volume (3M)630.29K
Price to Earnings (P/E)394.0
Beta (1Y)1.63
Revenue Growth-10.54%
EPS Growth-74.76%
CountryIN
Employees332
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.17
Shares Outstanding265,710,850
10 Day Avg. Volume620,188
30 Day Avg. Volume630,286
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Avantel Limited Business Overview & Revenue Model
Company Description
Avantel Limited designs, develops, manufactures and sells wireless communication products in India. The company offers software defined radios; satellite communication equipment; HF communication equipment; radar systems; network management system...
How the Company Makes Money
Avantel makes money primarily by selling communication equipment and providing associated engineering and support services for defense and government communication needs. Its key revenue streams include: (1) Product sales: revenue from the supply ...
Avantel Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.04B | 2.23B | 2.49B |
| Gross Profit | 377.88M | 1.57B | 1.64B |
| EBITDA | 229.07M | 503.52M | 942.89M |
| Net Income | 103.50M | 149.94M | 564.45M |
Balance Sheet | |||
| Total Assets | 3.89B | 4.10B | 2.90B |
| Cash, Cash Equivalents and Short-Term Investments | 495.63M | 118.38M | 31.89M |
| Total Debt | 306.90M | 343.80M | 263.28M |
| Total Liabilities | 652.61M | 716.10M | 528.00M |
| Stockholders Equity | 3.24B | 3.38B | 2.37B |
Cash Flow | |||
| Free Cash Flow | -702.84M | -826.56M | -284.96M |
| Operating Cash Flow | 329.60M | 100.48M | 498.90M |
| Investing Cash Flow | -1.27B | -925.99M | -582.06M |
| Financing Cash Flow | 978.80M | 863.49M | 105.85M |
Avantel Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹12.30B | 40.47 | ― | ― | 32.70% | -41.44% | |
63 Neutral | ₹5.83B | 23.84 | ― | 1.35% | 5.45% | -8.28% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | ₹41.69B | 394.00 | ― | 0.12% | -10.54% | -74.76% | |
44 Neutral | ₹19.98B | -0.63 | ― | ― | -15.50% | -10.50% |
* Technology Sector Average
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Avantel Limited
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Avantel Limited Corporate Events
Avantel overhauls board and audit framework with new independent directors and auditors
Apr 26, 2026
Avantel Limited’s board has appointed two additional non-executive independent directors, Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi, each for a five-year term, signaling a move to strengthen its governance and indepe...
Avantel Confirms Proper Use of Rs. 80.91 Crore Rights Issue Proceeds
Apr 26, 2026
Avantel Limited has disclosed that the proceeds from its Rs. 80.91 crore rights issue of equity shares, launched via a letter of offer dated May 5, 2025, have been appropriately utilized for the stated purposes. The company submitted a Monitoring ...
Avantel strengthens board independence and overhauls audit framework
Apr 26, 2026
Avantel Limited’s board has appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as additional non-executive independent directors for five-year terms starting April 26, 2026, reinforcing independent oversight at the ...
Avantel overhauls board and audit framework with new independent directors and auditors
Apr 26, 2026
Avantel Limited has strengthened its board by appointing Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as additional non-executive independent directors for five-year terms starting April 26, 2026, indicating a push to enhance...
Avantel clears FY26 results, raises borrowing limits and reshapes board
Apr 26, 2026
Avantel Limited’s board has approved the audited standalone and consolidated financial results and statements for the quarter and year ended March 31, 2026, supported by an unmodified statutory auditors’ opinion. The board also recomme...
Avantel overhauls board committees and audit appointments to bolster governance
Apr 26, 2026
Avantel Limited’s board has strengthened its governance framework by appointing two additional non-executive independent directors, Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi, each for a five-year term beginning April...
Avantel wins Rs.137 crore IMD order for wind profiler systems
Mar 28, 2026
Avantel Limited has secured a Rs.137.12 crore domestic supply order from the India Meteorological Department, under the Ministry of Earth Sciences, to provide seven Wind Profiler Systems along with warranty and comprehensive onsite annual maintena...
Avantel Wins Rs 459.9 Crore Satellite Communication Equipment Contract from Zetwerk
Mar 25, 2026
Avantel Limited has secured a domestic rate contract worth Rs 459.90 crore from Zetwerk Manufacturing Businesses Limited for the supply and long-term support of satellite communication equipment. The three-year deal covers manufacturing, a one-yea...
Avantel’s Independent Director Mini Ipe Resigns, Citing Personal Commitments
Feb 21, 2026
Avantel Limited has announced the resignation of independent director Mini Ipe from its board, effective 21 February 2026, citing preoccupation and unexpected personal commitments. The departing director has confirmed there are no other material r...
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.