Avalon Technologies Ltd
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]
- Market Cap ₹ 5,892 Cr.
- Current Price ₹ 894
- High / Low ₹ 1,074 / 425
- Stock P/E 164
- 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.
- Company has delivered good profit growth of 44.1% CAGR over last 5 years
Cons
- Stock is trading at 8.58 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.78% over past five years.
- Company has a low return on equity of 6.46% over last 3 years.
- Earnings include an other income of Rs.30.6 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.
Peer comparison
Sector: Consumer Durables Industry: Electronics - Components
Part of Nifty Total Market BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
367 | 327 | 369 | 435 | 479 | 442 | 541 | |
332 | 296 | 338 | 388 | 423 | 410 | 515 | |
Operating Profit | 35 | 31 | 31 | 47 | 56 | 32 | 25 |
OPM % | 9% | 10% | 8% | 11% | 12% | 7% | 5% |
1 | 1 | 3 | 7 | 5 | 19 | 31 | |
Interest | 20 | 20 | 17 | 12 | 18 | 3 | 2 |
Depreciation | 6 | 4 | 3 | 6 | 5 | 5 | 6 |
Profit before tax | 10 | 7 | 14 | 36 | 38 | 43 | 48 |
Tax % | 55% | 24% | 15% | 25% | 26% | 25% | |
5 | 6 | 12 | 27 | 28 | 32 | 36 | |
EPS in Rs | 327.80 | 369.93 | 727.61 | 1,705.07 | 4.90 | 4.94 | 5.43 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 6% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 44% |
3 Years: | 37% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 73% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1 | 2 | 2 | 2 | 12 | 13 | 13 |
Reserves | 169 | 185 | 204 | 224 | 645 | 660 | 676 |
130 | 132 | 135 | 144 | 127 | 33 | 32 | |
74 | 83 | 117 | 75 | 160 | 76 | 107 | |
Total Liabilities | 375 | 403 | 457 | 444 | 944 | 782 | 828 |
27 | 31 | 36 | 42 | 46 | 54 | 57 | |
CWIP | 2 | 3 | 0 | 2 | 12 | 15 | 22 |
Investments | 0 | 11 | 86 | 87 | 88 | 192 | 166 |
346 | 358 | 334 | 312 | 798 | 522 | 584 | |
Total Assets | 375 | 403 | 457 | 444 | 944 | 782 | 828 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
50 | 36 | 84 | -4 | -19 | -10 | |
-1 | -9 | -79 | -5 | -15 | -205 | |
-41 | -17 | -3 | -10 | 449 | -181 | |
Net Cash Flow | 8 | 10 | 3 | -19 | 415 | -396 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 187 | 206 | 168 | 118 | 100 | 144 |
Inventory Days | 125 | 192 | 138 | 126 | 177 | 210 |
Days Payable | 70 | 98 | 123 | 63 | 66 | 53 |
Cash Conversion Cycle | 242 | 300 | 184 | 182 | 211 | 301 |
Working Capital Days | 258 | 278 | 177 | 184 | 157 | 259 |
ROCE % | 9% | 9% | 14% | 10% | 6% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Apr - RTA Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
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Announcement under Regulation 30 (LODR)-Acquisition
10 Apr - Avalon Technologies to invest in Zepco Technologies.
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Announcements Under Regulation 30 (SEBI LODR) - Updates
3 Apr - Received cautionary letters from BSE and NSE for disclosure delay.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1 Apr - The Nomination and Remuneration Committee, through Circular Resolution, approved the allotment of 3,27,423 equity shares under the Avalon ESOP Scheme on April 01, 2025.
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Dissemination Of Cautionary Letter/Email
31 Mar - Received cautionary letters from BSE and NSE for disclosure delay.
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024TranscriptPPTREC
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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Jun 2023TranscriptPPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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.