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Avantel
Satcom terminals + HF radios for Navy/P-8I. FY26 margin crash (37%→22% OPM) on execution delays; micro-cap volatility.
Order book · Navy satcom + software-defined radio pipeline
Sell / Avoid
₹173
Mkt cap ₹4.6K Cr
P/E
267.0x
P/B
13.6x
ROCE
9.6%
ROE
5.3%
Div yield
0.12%
52W high
₹215
52W low
₹117
Promoter
37.0%
Score bridge (derived from real data)
Fundamental
40
Valuation
16
Technical
65
Moat (curated)
52
Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.
52-week position
₹117now ₹173₹215
57/100
Technical rating B+
Price · 2 years · SMA 50/200 · as of 2026-07-20
Strong UpMACD BearishGolden cross
RSI-14
RSI-14
47
vs SMA-50
0.9%
vs SMA-200
8.3%
1Y return
19.1%
Ann. vol
48%
Max DD 1Y
-44%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Defence Electronics & Radar
| Company | Mkt cap | P/E | OPM | ROCE | Sales 3Y | PAT 3Y | D/E | Composite |
|---|---|---|---|---|---|---|---|---|
| Bharat Electronics | ₹2.98 L Cr | 49.1x | 29% | 36.5% | 15.9% | 26.6% | 0.00x | 70 |
| Data Patterns | ₹22.3K Cr | 90.5x | 40% | 21.9% | 26.9% | 29.8% | 0.00x | 63 |
| Astra Microwave | ₹16.6K Cr | 86.2x | 29% | 20.2% | 12.5% | 40.2% | 0.22x | 68 |
| Apollo Micro Systems | ₹14.6K Cr | 129.0x | 24% | 14.5% | 44.8% | 77.9% | 0.41x | 55 |
| Centum Electronics | ₹5.5K Cr | 54.5x | 14% | 25.6% | 1.1% | — | 0.36x | 62 |
| Avantel ◄ | ₹4.6K Cr | 267.0x | 22% | 9.6% | 13.1% | -17.8% | 0.10x | 41 |
| DCX Systems | ₹2.1K Cr | — | -2% | 0.9% | -16.0% | — | 0.00x | 42 |
Financial statements
Source: Screener.inSales 3Y CAGR
13.1%
PAT 3Y CAGR
-17.8%
OPM (latest)
22.0%
PAT margin
6.7%
D / E
0.10x
CFO / PAT
0.67x
EV / EBITDA
96.2x
FCF yield
-1.8%
Ratio history · computed per year
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales growth YoY % | — | 46.7% | 45.5% | 11.2% | -10.4% |
| PAT growth YoY % | — | 50.0% | 96.3% | 5.7% | -73.2% |
| OPM % | 25% | 30% | 36% | 37% | 22% |
| PAT margin % | 17.1% | 17.5% | 23.7% | 22.5% | 6.7% |
| ROE % (PAT / net worth) | 22.0% | 25.2% | 32.3% | 23.6% | 4.4% |
| D / E (x) | 0.20 | 0.28 | 0.11 | 0.11 | 0.10 |
| Asset turnover (x) | 0.96 | 1.03 | 1.04 | 0.86 | 0.54 |
| CFO / PAT (x) | -1.78 | 0.07 | 1.23 | 0.89 | 0.67 |
Annual P&L · ₹ Cr
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 105 | 154 | 224 | 249 | 223 |
| Operating profit | 27 | 47 | 82 | 92 | 48 |
| OPM % | 25% | 30% | 36% | 37% | 22% |
| Net profit | 18 | 27 | 53 | 56 | 15 |
| EPS ₹ | 0.68 | 1.02 | 2.00 | 2.13 | 0.56 |
Quarterly · ₹ Cr
| Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Sales | 52 | 64 | 70 |
| OPM % | 24% | 21% | 25% |
| PAT | 3 | 5 | 5 |
Balance sheet · ₹ Cr
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity | 4 | 16 | 49 | 49 | 53 |
| Reserves | 78 | 91 | 115 | 188 | 285 |
| Borrowings | 16 | 30 | 18 | 26 | 34 |
| Total assets | 109 | 149 | 216 | 290 | 410 |
Cash flow · ₹ Cr
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | -32 | 2 | 65 | 50 | 10 |
| Investing | 23 | -10 | -42 | -57 | -93 |
| Financing | 9 | 8 | -23 | 8 | 86 |
Shareholding
Promoters
37.0%
FII
1.5%
DII
1.1%
Public
60.3%
Mkt cap
₹4.6K Cr
P/E
267.0x
52W range
₹117–215