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Avantel Ltd

AVANTEL
BSE
150.15
0.83%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Avantel Ltd

AVANTEL
BSE
150.15
0.83%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
3,990Cr
Close
Close Price
150.15
Industry
Industry
Aerospace & Defence - Equipments
PE
Price To Earnings
278.06
PS
Price To Sales
17.90
Revenue
Revenue
223Cr
Rev Gr TTM
Revenue Growth TTM
-10.54%
PAT Gr TTM
PAT Growth TTM
-73.44%
Peer Comparison
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AVANTEL
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
RevenueCr
695459425277714952555264
Growth YoY
Revenue Growth YoY%
155.550.053.3-20.5-24.942.519.118.00.3-28.4-26.829.6
Expenses
ExpensesCr
552935243843393841443950
Operating Profit
Operating ProfitCr
142524181435321210111314
OPM
OPM%
20.745.941.243.527.444.845.323.620.120.424.321.3
Other Income
Other IncomeCr
000000100101
Interest Expense
Interest ExpenseCr
121011111122
Depreciation
DepreciationCr
222233334556
PBT
PBTCr
1122221611322885667
Tax
TaxCr
366449822233
PAT
PATCr
81616127232063435
Growth YoY
PAT Growth YoY%
82.9161.7143.926.2-7.942.523.0-50.0-56.2-81.3-86.3-21.6
NPM
NPM%
11.629.627.529.114.329.628.412.36.27.75.37.5
EPS
EPS
0.30.60.60.50.30.90.80.20.10.10.10.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
78105154224249223
Growth
Revenue Growth%
35.147.245.311.0-10.5
Expenses
ExpensesCr
5678108143157175
Operating Profit
Operating ProfitCr
222747829348
OPM
OPM%
28.525.430.336.537.121.5
Other Income
Other IncomeCr
110122
Interest Expense
Interest ExpenseCr
225436
Depreciation
DepreciationCr
34681220
PBT
PBTCr
192237727925
Tax
TaxCr
3410192310
PAT
PATCr
151827535615
Growth
PAT Growth%
17.249.395.87.4-73.4
NPM
NPM%
19.717.117.423.422.76.7
EPS
EPS
0.60.71.12.02.30.6

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
4416494953
Reserves
ReservesCr
627891115188285
Current Liabilities
Current LiabilitiesCr
172238453559
Non Current Liabilities
Non Current LiabilitiesCr
44471813
Total Liabilities
Total LiabilitiesCr
87109149216290410
Current Assets
Current AssetsCr
6572108146167218
Non Current Assets
Non Current AssetsCr
22374270123192
Total Assets
Total AssetsCr
87109149216290410

Cash Flow

Consolidated
Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
45-322655010
Investing Cash Flow
Investing Cash FlowCr
-4223-10-42-57-93
Financing Cash Flow
Financing Cash FlowCr
-398-23886
Net Cash Flow
Net Cash FlowCr
000114
Free Cash Flow
Free Cash FlowCr
40-47-944-28
CFO To PAT
CFO To PAT%
291.2-179.86.2124.088.467.0
CFO To EBITDA
CFO To EBITDA%
201.4-121.33.679.753.921.0

Ratios

Consolidated
Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1534156552,4082,7753,360
Price To Earnings
Price To Earnings
10.023.124.445.849.1224.1
Price To Sales
Price To Sales
2.04.04.210.711.115.1
Price To Book
Price To Book
2.35.06.114.711.79.9
EV To EBITDA
EV To EBITDA
5.116.114.629.530.270.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
65.355.359.165.774.370.7
OPM
OPM%
28.525.430.336.537.121.5
NPM
NPM%
19.717.117.423.422.76.7
ROCE
ROCE%
28.924.430.141.731.38.1
ROE
ROE%
23.121.825.032.023.84.4
ROA
ROA%
17.716.518.024.419.53.7
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Avantel Limited, founded in 1990 by **Dr. Abburi Vidyasagar** (alumnus of IIT Kharagpur and Osmania University), is a **pioneer in strategic electronics**, specializing in **indigenous design, development, and manufacturing** of advanced defense and aerospace technologies. Headquartered in Hyderabad, the company has over **three decades of experience** in delivering cutting-edge solutions for India’s defense, space, and strategic sectors. Avantel is recognized for its **technology leadership, R&D excellence, and commitment to self-reliance (Atmanirbhar Bharat)** in critical domains such as satellite communications, software-defined radios (SDRs), radar systems, and RF subsystems. --- ### **Core Business Segments & Capabilities** Avantel operates primarily in two core areas: 1. **Defense & Aerospace Electronics** 2. **Healthcare Devices (through subsidiary Imeds Global)** #### **Defense & Aerospace (Primary Focus)** - **Satellite Communication Systems (SATCOM)**: - Solutions for mobile platforms: ships, submarines, aircraft, helicopters, and ground vehicles. - Products leverage Indian geostationary satellites (INSAT, GSAT-6, GSAT-7). - Developed **MSS M-II systems with Digital Beam Forming and LDPC coding** for high-speed air-to-ground communication in Indian Navy helicopters. - **Software-Defined Radios (SDRs)**: - Indigenous development across **HF, VHF, UHF, and L bands**, compliant with SCA standards. - Focus on **portable, shipborne, land-based, and next-gen airborne SDRs**. - Awardee of multiple **iDEX projects** (e.g., Ku-band portable/airborne terminals, Satphones, mobile convoy terminals). - **Radar Systems**: - Designing **air defense radars** for the Indian Army. - Development of **Wind Profiler Radars** using phased array technology to support meteorological planning for satellite launches. - **HF Communication Systems**: - Successfully delivered **1 kW and 5 kW HF transmitters** for long-range, high-reliability communication (2,000+ km range). - Antennas capable of withstanding 300 kmph winds, omni-directional polarization, and optimized VSWR. - **End-to-End Engineering Services**: - Full lifecycle delivery: **design, development, manufacturing, system integration, testing, and commissioning**. - Expertise in **RF/microwave, embedded systems, signal processing, network management, firmware, and mechanical engineering**. --- ### **Strategic Expansion & Infrastructure Development (2024–2025)** Avantel is undergoing significant capacity expansion to reinforce its leadership in aerospace and defense technologies: #### **Hyderabad Facilities** - **E-City, Hyderabad (70,000 sq. ft.)**: - Operational since **June 2025**, dedicated to SDR development, VSAT, GSaaS, and satellite AIT (Assembly, Integration, Testing). - **Shamshabad, Hyderabad (76,000 sq. ft.)**: - **New facility inaugurated on October 2, 2025**, on a 4-acre campus. - Focus: **SDR and radar system manufacturing, AIT for satellites, and Ground Station as a Service (GSaaS)**. - Enhances vertical integration in space and defense technologies. #### **Kondaparva, Andhra Pradesh** - **New manufacturing unit under development** for **electronics, antennas, and MIL-standard connectors**. - Target applications: commercial, defense, and aerospace. - Equipped with advanced infrastructure: simulation tools, SMT lines, test equipment, and QA systems. - Part of long-term strategy to scale volume production and diversify offerings. #### **Ground Station as a Service (GSaaS)** - Avantel plans to launch **dedicated SATCOM and GSaaS via its own satellite**, pending approval from **IN-SPACe and ISRO**. - Aligns with **Indian Space Policy 2023** to promote private participation in space. --- ### **Subsidiary: Imeds Global Private Limited** - 100%-owned subsidiary focused on **indigenous medical device manufacturing**. - **Manufacturing Facility**: - **25,000 sq. ft. in AMTZ, Visakhapatnam** with clean rooms, assembly, and testing infrastructure. - **30,000 sq. ft. R&D and production center in development**, expected operational by Q3 FY2025. - **Product Pipeline**: - Planned launches in **surgical and respiratory domains** under the **'Made in India' healthcare initiative**. - Aims to deliver cost-effective, indigenous alternatives in post-COVID healthcare landscape. --- ### **Clients & Market Presence** - **Primary Clients**: - Indian Armed Forces (Navy, Army, Air Force, Coast Guard) - **ISRO**, **DRDO**, **BARC**, **Boeing**, **Larsen & Toubro (L&T)**, NewSpace India Limited, Indian Railways, shipyards, ordnance factories. - **Government Dependence**: - High reliance on **Government of India contracts**: - **FY25: 83.47%**, FY24: 95.47%, FY23: 51.84% - Strategic alignment with **DAP 2020**, **Buy (IDDM) category**, and **Atmanirbhar Bharat** initiatives. - **Geographic Reach**: - Pan-India presence across all states. - Limited international footprint (1 country), with **exports at 1.95% of turnover**. --- ### **R&D & Innovation** - **Annual R&D spend**: ~5–9% of turnover (₹772.08 lakhs in FY23). - **DSIR-recognized R&D center** with expertise in: - Transceivers for aircraft/helicopters - High-power amplifiers (500W) for electronic warfare - Digital beamforming, satellite-integrated environmental monitoring - Airspace simulation software - Drives development of **custom, mission-critical solutions** with concurrent engineering and advanced materials. --- ### **Growth Strategy (2025–2026)** 1. **Expand Product Portfolio**: - Next-gen **airborne SDRs**, satellite antennas, high-power RF systems. - Target: **Top 5 SDR company in India**. 2. **Scale Manufacturing**: - Increase **SMT lines, test infrastructure, and automation**. - Focus on **large-volume production contracts**. 3. **Strengthen Indigenous Capabilities**: - Full import substitution in key defense electronics. - Drive **IDDM (Indigenously Designed, Developed and Manufactured)** projects. 4. **Diversify into Emerging Sectors**: - Growth via **space tech**, **medical devices**, and **telemetry/command & control services**. --- ### **Recent Achievements & Recognition** - **Revenue Milestone**: Surpassed **₹100 crore turnover in FY2022**, driven by high-value contracts. - **Key Contracts**: - ₹125.68 crore contract with **L&T** for **Real-Time Train Information Systems** (6,300 locomotives). - Multiple iDEX awards for innovation in defense tech. - **Awards**: IEI Industry Excellence Award, India SME 100 Award (2018).