Avalon Technologies Ltd

Avalon Technologies Ltd

₹ 865 -5.61%
04 Dec 2:01 p.m.
About

Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company with end-to-end capabilities in delivering box-build solutions, focusing on high-value precision-engineered products.[1]

Key Points

Business Area[1] They provide a full stack product and solution suite, from printed circuit board (“PCB”) design and assembly to the manufacture of complete electronic systems (“Box Build”), to global OEMs across the United States, China, Netherlands, and Japan.

  • Market Cap 5,722 Cr.
  • Current Price 865
  • High / Low 991 / 425
  • Stock P/E 192
  • Book Value 104
  • Dividend Yield 0.00 %
  • ROCE 5.67 %
  • ROE 4.48 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 8.37 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.46% over last 3 years.
  • Earnings include an other income of Rs.21.3 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
111.67 101.86 121.30 123.11 133.10 113.56 97.47 119.59 111.06 116.75 161.56
100.65 94.33 110.18 111.93 110.33 101.77 91.39 107.25 109.41 112.11 154.25
Operating Profit 11.02 7.53 11.12 11.18 22.77 11.79 6.08 12.34 1.65 4.64 7.31
OPM % 9.87% 7.39% 9.17% 9.08% 17.11% 10.38% 6.24% 10.32% 1.49% 3.97% 4.52%
0.90 2.00 1.50 1.77 3.09 5.29 5.79 3.47 4.65 6.83 6.32
Interest 2.53 3.74 5.34 3.94 4.62 1.69 0.32 0.33 0.26 0.55 0.57
Depreciation 1.40 1.01 1.22 1.24 1.40 1.28 1.36 1.34 1.22 1.39 1.50
Profit before tax 7.99 4.78 6.06 7.77 19.84 14.11 10.19 14.14 4.82 9.53 11.56
Tax % 9.51% 26.15% 25.41% 25.87% 26.56% 24.88% 24.83% 25.95% 21.78% 26.86% 25.09%
7.22 3.53 4.51 5.77 14.57 10.59 7.65 10.47 3.77 6.97 8.66
EPS in Rs 452.10 0.63 0.81 1.02 2.51 1.62 1.17 1.60 0.57 1.06 1.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
327 369 435 479 442 509
296 338 388 423 410 483
Operating Profit 31 31 47 56 32 26
OPM % 10% 8% 11% 12% 7% 5%
1 3 7 5 19 21
Interest 20 17 12 18 3 2
Depreciation 4 3 6 5 5 5
Profit before tax 7 14 36 38 43 40
Tax % 24% 15% 25% 26% 25%
6 12 27 28 32 30
EPS in Rs 369.93 727.61 1,705.07 4.90 4.94 4.54
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 37%
TTM: -23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 81%
Return on Equity
10 Years: %
5 Years: %
3 Years: 6%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 12 13 13
Reserves 185 204 224 645 660 676
132 135 144 127 33 32
82 117 75 160 76 107
Total Liabilities 402 457 444 944 782 828
31 36 42 46 54 57
CWIP 3 0 2 12 15 22
Investments 11 86 87 88 192 166
357 334 312 798 522 584
Total Assets 402 457 444 944 782 828

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
36 84 -4 -19 -10
-9 -79 -5 -15 -205
-17 -3 -10 449 -181
Net Cash Flow 10 3 -19 415 -396

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 206 168 118 100 144
Inventory Days 192 138 126 177 210
Days Payable 98 123 63 66 53
Cash Conversion Cycle 300 184 182 211 301
Working Capital Days 279 177 184 157 259
ROCE % 9% 14% 10% 6%

Shareholding Pattern

Numbers in percentages

14 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.75% 51.24% 51.09% 50.98% 50.91% 50.88% 50.69%
0.00% 12.47% 9.23% 5.70% 2.43% 2.56% 2.97%
0.00% 16.58% 16.28% 17.07% 22.47% 23.19% 23.75%
29.25% 19.71% 23.39% 26.27% 24.19% 23.38% 22.59%
No. of Shareholders 1927,61255,32971,38870,43165,29657,388

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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