Avalon Technologies
Avalon Technologies
Capital GoodsKey Fundamentals
MicrocapOther Electrical EquipmentCapital GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has delivered good profit growth of 39.2% CAGR over last 5 years
Weaknesses
4- Stock is trading at 21.0 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 10.7% over last 3 years.
- Promoter holding has decreased over last 3 years: -6.85%
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAvalon Technologies Ltd is a capital goods company with a market cap of ₹14,900 Cr trading at a PE of 111.4x and PB of 20.6x. The company has delivered strong profit growth of 39% CAGR over five years and TTM sales growth of 44%, while ROE has improved to 17% in the last year from a 3-year average of 11%.
- Strong TTM sales growth of 44% indicates accelerating revenue momentum well above the 3-year CAGR of 19%
- Compounded profit growth of 39% CAGR over 5 years demonstrates sustained earnings expansion
- TTM profit growth of 67% shows sharp acceleration in bottom-line performance in the most recent period
- ROE has improved from 11% (3-year average) to 17% in the last year, indicating improving capital efficiency
- 5-year compounded sales CAGR of 18% reflects a consistent long-term revenue growth trajectory
- Stock price CAGR of 132% over 1 year reflects strong market recognition of the company's growth story
- Company is expected to deliver a good upcoming quarter based on available estimates, suggesting near-term operational momentum
- 3-year stock CAGR of 56% indicates sustained wealth creation over a multi-year horizon, not just a short-term spike
- PE ratio of 111.4x is extremely elevated for a capital goods company, leaving very little margin of safety if growth disappoints
- PB ratio of 20.6x is exceptionally high, suggesting the stock is priced far above its asset base
- Zero dividend yield despite reporting repeated profits indicates no direct cash return to shareholders
- 3-year average ROE of only 11% is modest relative to the premium valuation, implying the market is pricing in future returns not yet consistently demonstrated
- Promoter holding has decreased by 6.85% over the last 3 years, which may signal reduced insider confidence or dilution
- Limited historical data availability — 10-year growth figures for sales, profit, ROE, and stock CAGR are not available, making long-term track record assessment difficult
- At 111.4x earnings, even the strong 67% TTM profit growth rate would need to sustain for multiple years to justify the current valuation on a fundamental basis
- Debt-to-equity and EPS figures are unavailable, limiting visibility into the company's leverage and per-share earnings quality
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- JV with Zollner Elektronik AG Sep 3
Board approved a joint venture with Germany's Zollner Elektronik AG on Sep 3, 2026, forming Zollner Avalon Private Limited for PCBA and system integration. Zollner holds 51% initially; Avalon holds 49% with an option to acquire an additional 2% stake post-commercial production.
- Strong ESG and export profile Sep 4
FY26 BRSR report highlights 68% export contribution, zero safety incidents, and significant reductions in Scope 2 emissions, signaling operational discipline and global competitiveness.
- FY26 BRSR report filed Sep 4
Avalon Technologies submitted its Business Responsibility and Sustainability Report for FY26, covering ESG metrics and sustainability disclosures as a routine compliance filing.
- AGM scheduled for Sep 28 Sep 4
The 27th AGM is set for September 28, 2026, with key agenda items including the appointment of CG Balaji as independent director and reappointment of Chairman Kunhamed Bicha.
TL;DR: Avalon Technologies is making a strategically significant move by partnering with Zollner Elektronik AG, a major European EMS player, to deepen its PCBA and system integration capabilities — this could unlock new order pipelines and technology transfer. The company's ESG profile and 68% export mix reflect solid operational fundamentals. No material headwinds emerged this week. The near-term trend is constructive, with the Zollner JV being the key catalyst to watch as it progresses toward commercial production.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 235 | 201 | 214 | 217 | 199 | 275 | 281 | 343 | 323 | 382 | 418 | 480 | 484 |
| Expenses | 219 | 188 | 198 | 200 | 195 | 245 | 246 | 301 | 293 | 344 | 370 | 423 | 426 |
| Operating Profit | 16 | 13 | 17 | 17 | 4 | 30 | 35 | 41 | 30 | 39 | 48 | 57 | 58 |
| OPM % | 7% | 6% | 8% | 8% | 2.2% | 11% | 12% | 12% | 9% | 10% | 11% | 12% | 12% |
| Other Income | 5 | 5 | 2 | 3 | 4 | 4 | 10 | 3 | 2 | 8 | 7 | 12 | 3 |
| Interest | 6 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 4 | 3 |
| Depreciation | 5 | 6 | 6 | 6 | 7 | 7 | 7 | 8 | 8 | 9 | 8 | 8 | 9 |
| PBT | 10 | 9 | 9 | 10 | -2 | 23 | 33 | 33 | 19 | 34 | 44 | 56 | 49 |
| Tax % | 32% | 15% | 27% | 29% | 14% | 25% | 27% | 25% | 26% | 26% | 27% | 27% | 28% |
| Net Profit | 7 | 7 | 7 | 7 | -2 | 17 | 24 | 24 | 14 | 25 | 33 | 41 | 35 |
| EPS in Rs | 1.08 | 1.11 | 1 | 1.07 | -0.35 | 2.65 | 3.63 | 3.67 | 2.14 | 3.74 | 4.88 | 6.16 | 5.22 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 642 | 690 | 841 | 945 | 867 | 1,098 | 1,603 | 1,764 |
| Expenses | 577 | 624 | 743 | 832 | 805 | 983 | 1,430 | 1,563 |
| Operating Profit | 64 | 66 | 98 | 113 | 63 | 115 | 173 | 201 |
| OPM % | 10% | 10% | 12% | 12% | 7% | 10% | 11% | 11% |
| Other Income | 11 | 5 | 31 | 14 | 15 | 17 | 29 | 30 |
| Interest | 45 | 27 | 25 | 35 | 16 | 17 | 15 | 15 |
| Depreciation | 16 | 16 | 18 | 20 | 23 | 29 | 34 | 34 |
| PBT | 15 | 29 | 86 | 73 | 38 | 87 | 154 | 183 |
| Tax % | 19% | 20% | 21% | 28% | 26% | 27% | 26% | — |
| Net Profit | 12 | 23 | 67 | 52 | 28 | 63 | 113 | 134 |
| EPS in Rs | 754 | 1,346 | 3,958 | 9.06 | 4.26 | 9.59 | 16.92 | 20 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 12 | 13 | 13 | 13 |
| Reserves | 45 | 58 | 87 | 525 | 534 | 598 | 708 |
| Borrowings | 274 | 316 | 318 | 342 | 209 | 180 | 213 |
| Other Liabilities | 129 | 136 | 183 | 310 | 168 | 246 | 328 |
| Total Liabilities | 450 | 512 | 589 | 1,189 | 923 | 1,038 | 1,263 |
| Fixed Assets | 99 | 104 | 114 | 128 | 147 | 185 | 192 |
| CWIP | 3 | 0 | 2 | 15 | 20 | 10 | 24 |
| Investments | 2 | 0 | 0 | 0 | 75 | 35 | 81 |
| Other Assets | 346 | 408 | 473 | 1,046 | 681 | 808 | 966 |
| Total Assets | 450 | 512 | 589 | 1,189 | 923 | 1,038 | 1,263 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 66 | 6 | 16 | -13 | 17 | 25 | 57 |
| Investing | -19 | -27 | -18 | -25 | -146 | 54 | -63 |
| Financing | -42 | 28 | -21 | 452 | -251 | -52 | 8 |
| Net Cash Flow | 4 | 7 | -24 | 414 | -380 | 26 | 2 |
| Free Cash Flow | 49 | -14 | -2 | -41 | -18 | -21 | 4 |
| CFO/OP | 109 | 14 | 29 | 5 | 54 | 39 | 53 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 65 | 96 | 77 | 80 | 79 | 105 | 87 |
| Inventory Days | 138 | 117 | 153 | 194 | 209 | 175 | 161 |
| Days Payable | 121 | 102 | 78 | 87 | 64 | 98 | 87 |
| Cash Conversion Cycle | 82 | 111 | 152 | 187 | 223 | 182 | 160 |
| Working Capital Days | -46 | -17 | 18 | 18 | 106 | 104 | 86 |
| ROCE % | — | 18% | 24% | 17% | 6% | 13% | 19% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Avalon Technologies insights
60 extracted metrics + investor summaries across FY20–FY27.
Documents
Frequently Asked Questions about Avalon Technologies
What does Avalon Technologies Ltd do?
Where is Avalon Technologies Ltd (AVALON) listed?
Which sector does Avalon Technologies Ltd belong to?
What is the market capitalisation of Avalon Technologies Ltd?
What is the PE ratio of Avalon Technologies Ltd?
What is the 52-week high and low of Avalon Technologies Ltd?
What is the Return on Equity (ROE) of Avalon Technologies Ltd?
Company Information
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]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/AVALON.md for Avalon Technologies Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.