Avantel Ltd
AVANTELAvantel Ltd's price has outrun its earnings. +12.5% in a year against EPS −73.7% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +12.5% in a year while annual EPS moved −73.7% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 93rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +66.9% year on year, and 101% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Avantel Ltd trades at ₹170, in a confirmed uptrend and 8 weeks into that stage. That is +7.7% against its own 200-day average. It sits at 58% of a 52-week range of ₹124 to ₹204. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 20 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹170 it trades +7.7% versus its 200-day average and sits at 58% of its 52-week range (₹124–₹204).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +9,962% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 20 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 93rd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Avantel Ltd trades at 253.0× P/E, at the pricey end of its own range (93rd percentile). Its long-run median P/E is 57.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 253.0× is at the pricey end of its own range (93rd percentile), against a long-run median of 57.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −73.7% against a +12.5% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +45.7%/yr price move, ~−17.3%/yr came from earnings growth and ~+63.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Avantel Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −3.2% latest against +58.1% at its 12-quarter best), ROCE slipping at 11.4%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −10.4% | +13.1% | +23.4% | +24.5% |
| Profit | −73.2% | −17.8% | +0.0% | +31.1% |
| EPS | −73.7% | −18.1% | −0.7% | +39.5% |
| Share price | +12.5% | +45.7% | +74.2% | +55.9% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
38.1/100 — rank 19 of 24 in Aerospace & Defence - Equipments · 77% evidence confidence
Avantel Ltd scores 38.1 out of 100 against the 24 companies it is compared with in Aerospace & Defence - Equipments, ranking 19. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 10 + 11.1 + 8.7 + 8.3 = 38.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Avantel Ltd reported ₹70.4 Cr of revenue in the Jun 26 quarter, +35.7% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 24.5% a year. The last full year, FY26, came in at ₹223 Cr. The last four reported quarters add to ₹241 Cr.
Avantel Ltd reported ₹70.4 Cr of revenue in the Jun 26 quarter, +35.7% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 24.5% a year. The last full year, FY26, came in at ₹223 Cr. The last four reported quarters add to ₹241 Cr.
FY26 revenue came in at ₹223 Cr (−10.4% on the year), capping 10 years at 24.5% compound. The latest quarter (Jun 26) printed ₹70.4 Cr, +35.7% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +2.5% growth against the decade's 24.5% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −3.2% over the last 4 quarters against +7.9%/yr over the last 8 — rolling over; TTM profit −67.2% vs −42.5%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 24.8% this quarter (+4.6 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Avantel Ltd's operating margin is 24.8% in the Jun 26 quarter, +4.6 percentage points against the same quarter a year ago. Across 15 fiscal years the operating margin has ranged 11.0% to 37.0%. The current quarter sits inside that band.
Avantel Ltd's operating margin is 24.8% in the Jun 26 quarter, +4.6 percentage points against the same quarter a year ago. Across 15 fiscal years the operating margin has ranged 11.0% to 37.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 24.8%, +4.6 pp against the same quarter a year ago. Across 15 fiscal years the operating margin has ranged 11.0%–37.0%.
Why the margin moved: operating margin went +4.6 pp year on year while gross margin went +6.5 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +66.9% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Avantel Ltd earned ₹5.4 Cr of net profit in the Jun 26 quarter, +66.9% year on year. Full-year FY26 profit was ₹15.0 Cr. The 10-year compound rate is 31.1%. That is 7.7% of the quarter's revenue. The same quarter a year earlier earned ₹3.2 Cr.
Avantel Ltd earned ₹5.4 Cr of net profit in the Jun 26 quarter, +66.9% year on year. Full-year FY26 profit was ₹15.0 Cr. The 10-year compound rate is 31.1%. That is 7.7% of the quarter's revenue. The same quarter a year earlier earned ₹3.2 Cr.
Jun 26 profit was ₹5.4 Cr, +66.9% year on year. On the full year, FY26 printed ₹15.0 Cr (−73.2%), and the 10-year compound rate is 31.1%.
Why profit moved: revenue contributed +35.7% and the margin +4.6 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −30.6% vs revenue +2.5%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 101% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 101% of Avantel Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹10.0 Cr of operating cash against ₹15.0 Cr of profit. After ₹87.0 Cr of capital spending, ₹−77.0 Cr was left as free cash.
FY26: operating cash of ₹10.0 Cr against reported profit of ₹15.0 Cr, leaving free cash of ₹−77.0 Cr after ₹87.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 101% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 101%: the cash cycle stretched 536 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 4.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹187 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Avantel Ltd's cash conversion cycle runs 627 days in FY26, up from 91 days in FY21. Capital spending ran ₹187 Cr over the last 3 years. At FY26 sales of ₹223 Cr each day of that cycle holds about ₹0.6 Cr, so roughly ₹383 Cr sits inside the business at any moment.
FY26: debtors at 117 days, inventory at 521 days — roughly 17.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 627 days, looser than FY21's 91.
The full loop: cash goes out to suppliers and production on day 0; stock waits 521 days to sell; customers pay about 117 days after that; and suppliers themselves are paid at 11 days — netting out to the 627-day cycle.
In money terms: at FY26 sales of ₹223 Cr, each day of the cycle holds about ₹0.6 Cr — so the 627-day loop keeps roughly ₹383 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹187 Cr over the last 3 fiscal years against ₹40.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹6.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 10% and the ROIC − WACC spread is −6.6 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Avantel Ltd earns a ROCE of 10% in FY26. That is up from a trough of 0% in FY14. Return on invested capital clears the cost of that capital by −6.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 6.7% net margin on 0.54× asset turns.
FY26 ROCE is 10%, recovered from a FY14 trough of 0% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 6.7% net margin × 0.54× asset turns × 1.21× balance-sheet leverage ≈ 4.4% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 5.4% − 12.0% = a −6.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.10.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Avantel Ltd carries total debt of ₹34.0 Cr against shareholder equity of ₹338 Cr as of Jun 26, a debt-to-equity of 0.10 — effectively unlevered. On the annual view that ratio went from 0.19 in FY22 to 0.10 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹34.0 Cr against shareholder equity of ₹338 Cr — a debt-to-equity of 0.10. On the annual view, debt-to-equity went from 0.19 (FY22) to 0.10 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 3.0 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 3.0 points of Avantel Ltd over 8 quarters, the biggest move on the register. That takes promoters to 37.0% of the company. Foreign institutions moved +1.5 points over the same window, to 1.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −3.0 points over 8 quarters to 37.0%; Foreign institutions: +1.5 points over 8 quarters to 1.5%; Domestic institutions: +0.8 points over 8 quarters to 1.1%.
🚨 Why the register moved: promoters drove it (−3.0 points), absorbed on the other side by foreign institutions (+1.5 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Avantel Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Avantel Ltd this page | 253.0× | ₹4,344 Cr | Deteriorating | |||
| Hindustan Aeronautics Ltd | 33.6× | ₹3.1L Cr | Consistent | |||
| Bharat Electronics Ltd | 48.8× | ₹3L Cr | Mixed | |||
| Bharat Dynamics Ltd | 108.0× | ₹45,564 Cr | Deteriorating | |||
| Data Patterns (India) Ltd | 104.0× | ₹25,666 Cr | Turning around | |||
| MTAR Technologies Ltd | 184.0× | ₹17,856 Cr | Improving | |||
| Astra Microwave Products Ltd | 89.2× | ₹17,217 Cr | Mixed | |||
| Zen Technologies Ltd | 87.9× | ₹15,970 Cr | Deteriorating | |||
| Azad Engineering Ltd | 119.0× | ₹15,751 Cr | Mixed | |||
| Aequs Ltd | — | ₹15,374 Cr | — | — | — | — |
| Apollo Micro Systems Ltd | 130.0× | ₹14,652 Cr | Mixed | |||
| BEML Ltd | 101.0× | ₹14,269 Cr | Mixed | |||
| Sigma Advanced System Ltd | 35.7× | ₹9,911 Cr | No read | |||
| Paras Defence and Space Technologies Ltd | 112.0× | ₹9,632 Cr | Mixed | |||
| Mishra Dhatu Nigam Ltd | 56.0× | ₹7,357 Cr | Mixed | |||
| Dynamatic Technologies Ltd | 142.0× | ₹7,102 Cr | Turning around | |||
| AXISCADES Technologies Ltd | 86.6× | ₹6,839 Cr | Mixed | |||
| AXISCADES Technologies Ltd | 82.5× | ₹6,520 Cr | Topping out | |||
| Ideaforge Technology Ltd | — | ₹4,326 Cr | No read | |||
| Rossell Techsys Ltd | 164.0× | ₹3,707 Cr | No read | |||
| Sika Interplant Systems Ltd | 68.8× | ₹2,416 Cr | Mixed | |||
| NIBE Ltd | 414.0× | ₹2,332 Cr | Turning around | |||
| Jaykay Enterprises Ltd | 32.1× | ₹2,152 Cr | No read | |||
| DCX Systems Ltd | — | ₹2,013 Cr | Deteriorating | |||
| Sika Interplant Systems Ltd | 49.4× | ₹1,813 Cr | Mixed | |||
| Vinyas Innovative Technologies Ltd | 51.9× | ₹1,602 Cr | No read |
Frequently asked questions
What is Avantel Ltd's share price today?
Avantel Ltd trades at ₹170, +12.5% over the past year. The company is valued at ₹4,344 Cr. The stock sits at 58% of its 52-week range of ₹124–₹204, +7.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 24 July 2026.
What were Avantel Ltd's latest quarterly results?
Avantel Ltd reported revenue of ₹70.4 Cr and net profit of ₹5.4 Cr for the Jun 26 quarter. Revenue rose 35.7% and profit rose 66.9% year on year. Earnings per share were ₹0.20. The operating margin was 24.8%, 4.6 pp higher than a year earlier. — as of 24 July 2026.
What is Avantel Ltd's revenue?
Avantel Ltd reported revenue of ₹70.4 Cr in the Jun 26 quarter, +35.7% year on year. For the full FY26 fiscal year, revenue was ₹223 Cr (−10.4%). Over the last 10 years revenue compounded at 24.5% a year. — as of 24 July 2026.
What is Avantel Ltd's profit?
Avantel Ltd earned ₹5.4 Cr of net profit in the Jun 26 quarter, +66.9% year on year. Full-year FY26 profit was ₹15.0 Cr. The operating margin ran 24.8% in the latest quarter. — as of 24 July 2026.
What is Avantel Ltd's market cap?
Avantel Ltd's market capitalisation is ₹4,344 Cr at a share price of ₹170. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Avantel Ltd's P/E ratio?
Avantel Ltd trades at a P/E of 253.0×, at the 93rd percentile of its own 10-year range, against a long-run median of 57.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Avantel Ltd pay a dividend?
Yes — Avantel Ltd's dividend payout was 35% of profit in FY26, and it recorded a payout in 13 of its last 15 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Avantel Ltd overvalued?
On its own history, Avantel Ltd looks expensive against its own history: its P/E of 253.0× sits at the 93rd percentile of its 10-year range (long-run median 57.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Avantel Ltd growing?
Yes — Avantel Ltd is growing: latest-quarter revenue +35.7% year on year, profit +66.9%, and the margin +4.6 pp at 24.8%. The 10-year compound rates are 24.5% (revenue) and 31.1% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Avantel Ltd performing?
Avantel Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 35.7% and profit rose 66.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 20 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Avantel Ltd in?
Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −3.2% latest against +58.1% at its 12-quarter best), ROCE slipping at 11.4%. The read comes from the last 12 quarters of growth (revenue growth −3.2% latest, profit growth −67.2% latest, eps growth −67.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Avantel Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +7.7% versus its 200-day average and at 58% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Avantel Ltd beating the market?
On recent form, yes — Avantel Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 20 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +9,962% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Avantel Ltd's share price go up?
This page publishes no price forecast for Avantel Ltd. What it measures instead: the share price is ₹170, the price is in a confirmed uptrend 8 weeks in. Its P/E of 253.0× sits at the 93rd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Avantel Ltd?
Promoters hold 37.0% of Avantel Ltd, foreign institutions 1.5%, domestic institutions 1.1% and the public 60.3% (latest quarter). The biggest move on the register over the last two years: Promoters cut 3.0 points over 8 quarters. — as of 24 July 2026.
Does Avantel Ltd have too much debt?
No — Avantel Ltd's debt-to-equity is 0.10, and operating profit covers the interest bill 8×. FY26 borrowings were ₹34.0 Cr against equity of ₹338 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Avantel Ltd's capex?
Avantel Ltd spent ₹187 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹87.0 Cr, with ₹6.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Avantel Ltd's cash flow?
Avantel Ltd generated ₹10.0 Cr of operating cash flow in FY26 and ₹−77.0 Cr of free cash flow after ₹87.0 Cr of capital spending. Reported profit that year was ₹15.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Avantel Ltd's profit real cash?
Yes — over the last 3 fiscal years, 101% of Avantel Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹10.0 Cr against reported profit of ₹15.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Avantel Ltd in its business cycle?
Avantel Ltd's FY26 operating margin was 22.0%, against a 15-year band of 11.0%–37.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 24.8%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Avantel Ltd story?
The sharpest disagreement: the price moved +12.5% in a year while annual EPS moved −73.7% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Avantel Ltd a stock worth studying right now?
This is not investment advice. The machine read: Avantel Ltd's price has outrun its earnings. +12.5% in a year against EPS −73.7% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.