Avalon Technologies Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 16.5%)
- Efficient capital deployment (ROCE 19.3%)
- Low debt relative to equity (D/E 0.3x)
Concerns
- Premium to sector peers (P/E 92.9x vs industry 47.1x)
- High premium to book value (P/B 14x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
AVALON · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 50.98% | 50.91% | 50.88% | 50.69% | 50.58% | 50.57% |
| FII | 5.70% | 2.43% | 2.56% | 2.97% | 5.39% | 7.13% |
| DII | 17.07% | 22.47% | 23.19% | 23.75% | 20.87% | 17.32% |
| Public | 26.27% | 24.19% | 23.38% | 22.59% | 23.16% | 24.99% |
Corporate Events
To consider Alteration of Articles of Association and Fund Raising, as detailed in the Disclosure enclosed herewith.
To consider and approve the financial results for the period ended Jun 30, 2026
Latest News
All newsAvalon denies media reports on promoter stake sale
*Avalon denies media reports on promoter stake sale*. The company issued a clarification on September 30, 2026, refuting reports about a proposed stake sale by promoter Bhaskar Srinivasan. It stated **no discussions or plans** are underway for any change in shareholding. The stock reacted with **+4.2%** intraday on the news. 📊 *STOCKS:* $AVALON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #StakeSale
Avalon Technologies to hold shareholders meeting on Nov 21, 2026
*Avalon Technologies to hold shareholders meeting on Nov 21, 2026.* The event is scheduled for **21 November 2026** as per a corporate filing. No specific agenda details were disclosed. This is a routine corporate disclosure with no immediate financial impact. 📊 *STOCKS:* $AVALON | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholdersMeeting
Avalon Technologies makes regulatory disclosure under SAST norms
*Avalon Technologies makes regulatory disclosure under SAST norms.* This filing is part of routine compliance under Reg 29(2) of SEBI (SAST) Regulations, 2011. No financial or operational updates were provided. The move indicates adherence to takeover and share acquisition rules. 📊 *STOCKS:* $AVALON | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulatory
NCLT approves Hindustan Foods merger with Avalon Cosmetics
*NCLT approves Hindustan Foods merger with Avalon Cosmetics.* The sanctioning of the scheme paves the way for a proposed merger, enabling corporate restructuring. This move is expected to consolidate operations and enhance shareholder value. The combined entity may see improved scalability and market reach. 📊 *STOCKS:* $HINDUSTAN $AVALON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Merger
Avalon, Zollner form JV for electronics manufacturing in India
*Avalon, Zollner form JV for electronics manufacturing in India* — Avalon Technologies has partnered with Germany’s Zollner Elektronik AG to launch a joint venture focused on advanced electronics manufacturing in India. The move aligns with the government’s PLI scheme and aims to boost local production. The JV targets **₹200 crore** revenue in 3 years and will invest **₹100 crore** initially. 📊 *STOCKS:* $AVALON | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #JointVenture
Avalon Technologies allots 24,058 shares under ESOP scheme
*Avalon Technologies allots 24,058 shares under its ESOP/ESOS/ESPS scheme.* The move is part of employee compensation and does not significantly alter promoter holding. **24,058 shares** were allotted, impacting equity structure minimally. Such routine corporate actions are common in mid-cap firms. 📊 *STOCKS:* AVALON | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESOP
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹480 Cr 14.8% | ₹418 Cr 9.4% | ₹382 Cr 18.3% | ₹323 Cr 5.8% | ₹343 Cr 22.1% | ₹281 Cr 2.2% | ₹275 Cr 38.2% | ₹199 Cr |
| Op. Profit | ₹57 Cr 18.8% | ₹48 Cr 23.1% | ₹39 Cr 30.0% | ₹30 Cr 26.8% | ₹41 Cr 17.1% | ₹35 Cr 16.7% | ₹30 Cr 650.0% | ₹4 Cr |
| OPM | 12.0% 9.1% | 11.0% 10.0% | 10.0% 11.1% | 9.0% 25.0% | 12.0% 0.0% | 12.0% 9.1% | 11.0% 400.0% | 2.2% |
| Net Profit | ₹41 Cr 24.2% | ₹33 Cr 32.0% | ₹25 Cr 78.6% | ₹14 Cr 41.7% | ₹24 Cr 0.0% | ₹24 Cr 41.2% | ₹17 Cr 950.0% | ₹-2 Cr |
| EPS (₹) | 6.16 26.2% | 4.88 30.5% | 3.74 74.8% | 2.14 41.7% | 3.67 1.1% | 3.63 37.0% | 2.65 857.1% | -0.35 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹1.6K Cr 46.0% | ₹1.1K Cr 26.6% | ₹867 Cr 8.3% | ₹945 Cr 12.4% | ₹841 Cr 21.9% | ₹690 Cr 7.5% | ₹642 Cr |
| Expenses | ₹1.4K Cr 45.5% | ₹983 Cr 22.1% | ₹805 Cr 3.2% | ₹832 Cr 12.0% | ₹743 Cr 19.1% | ₹624 Cr 8.1% | ₹577 Cr |
| Op. Profit | ₹173 Cr 50.4% | ₹115 Cr 82.5% | ₹63 Cr 44.2% | ₹113 Cr 15.3% | ₹98 Cr 48.5% | ₹66 Cr 3.1% | ₹64 Cr |
| OPM | 11.0% 10.0% | 10.0% 42.9% | 7.0% 41.7% | 12.0% 0.0% | 12.0% 20.0% | 10.0% 0.0% | 10.0% |
| Other Income | ₹29 Cr 70.6% | ₹17 Cr 13.3% | ₹15 Cr 7.1% | ₹14 Cr 54.8% | ₹31 Cr 520.0% | ₹5 Cr 54.5% | ₹11 Cr |
| Interest | ₹15 Cr 11.8% | ₹17 Cr 6.3% | ₹16 Cr 54.3% | ₹35 Cr 40.0% | ₹25 Cr 7.4% | ₹27 Cr 40.0% | ₹45 Cr |
| Depreciation | ₹34 Cr 17.2% | ₹29 Cr 26.1% | ₹23 Cr 15.0% | ₹20 Cr 11.1% | ₹18 Cr 12.5% | ₹16 Cr 0.0% | ₹16 Cr |
| PBT | ₹154 Cr 77.0% | ₹87 Cr 128.9% | ₹38 Cr 47.9% | ₹73 Cr 15.1% | ₹86 Cr 196.6% | ₹29 Cr 93.3% | ₹15 Cr |
| Tax % | 26.0% 3.7% | 27.0% 3.8% | 26.0% 7.1% | 28.0% 33.3% | 21.0% 5.0% | 20.0% 5.3% | 19.0% |
| Net Profit | ₹113 Cr 79.4% | ₹63 Cr 125.0% | ₹28 Cr 46.2% | ₹52 Cr 22.4% | ₹67 Cr 191.3% | ₹23 Cr 91.7% | ₹12 Cr |
| EPS (₹) | 16.92 76.4% | 9.59 125.1% | 4.26 53.0% | 9.06 19.8% | 11.29 194.0% | 3.84 79.4% | 2.14 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
Liabilities | |||||||
| Equity Capital | ₹13 Cr 0.0% | ₹13 Cr 0.0% | ₹13 Cr 8.3% | ₹12 Cr 500.0% | ₹2 Cr 0.0% | ₹2 Cr 0.0% | ₹2 Cr |
| Reserves | ₹708 Cr 18.4% | ₹598 Cr 12.0% | ₹534 Cr 1.7% | ₹525 Cr 503.4% | ₹87 Cr 50.0% | ₹58 Cr 28.9% | ₹45 Cr |
| Borrowings | ₹213 Cr 18.3% | ₹180 Cr 13.9% | ₹209 Cr 38.9% | ₹342 Cr 7.5% | ₹318 Cr 0.6% | ₹316 Cr 15.3% | ₹274 Cr |
| Other Liabilities | ₹328 Cr 33.3% | ₹246 Cr 46.4% | ₹168 Cr 45.8% | ₹310 Cr 69.4% | ₹183 Cr 34.6% | ₹136 Cr 5.4% | ₹129 Cr |
| Total Liabilities | ₹1.3K Cr 21.7% | ₹1.0K Cr 12.5% | ₹923 Cr 22.4% | ₹1.2K Cr 101.9% | ₹589 Cr 15.0% | ₹512 Cr 13.8% | ₹450 Cr |
Assets | |||||||
| Fixed Assets | ₹192 Cr 3.8% | ₹185 Cr 25.9% | ₹147 Cr 14.8% | ₹128 Cr 12.3% | ₹114 Cr 9.6% | ₹104 Cr 5.1% | ₹99 Cr |
| CWIP | ₹24 Cr 140.0% | ₹10 Cr 50.0% | ₹20 Cr 33.3% | ₹15 Cr 650.0% | ₹2 Cr | ₹0 Cr 100.0% | ₹3 Cr |
| Investments | ₹81 Cr 131.4% | ₹35 Cr 53.3% | ₹75 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹2 Cr |
| Other Assets | ₹966 Cr 19.6% | ₹808 Cr 18.6% | ₹681 Cr 34.9% | ₹1.0K Cr 121.1% | ₹473 Cr 15.9% | ₹408 Cr 17.9% | ₹346 Cr |
| Total Assets | ₹1.3K Cr 21.7% | ₹1.0K Cr 12.5% | ₹923 Cr 22.4% | ₹1.2K Cr 101.9% | ₹589 Cr 15.0% | ₹512 Cr 13.8% | ₹450 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Operating CF | ₹57 Cr 128.0% | ₹25 Cr 47.1% | ₹17 Cr 230.8% | ₹-13 Cr 181.3% | ₹16 Cr 166.7% | ₹6 Cr 90.9% | ₹66 Cr |
| Investing CF | ₹-63 Cr 216.7% | ₹54 Cr 137.0% | ₹-146 Cr 484.0% | ₹-25 Cr 38.9% | ₹-18 Cr 33.3% | ₹-27 Cr 42.1% | ₹-19 Cr |
| Financing CF | ₹8 Cr 115.4% | ₹-52 Cr 79.3% | ₹-251 Cr 155.5% | ₹452 Cr 2252.4% | ₹-21 Cr 175.0% | ₹28 Cr 166.7% | ₹-42 Cr |
| Net Cash Flow | ₹2 Cr 92.3% | ₹26 Cr 106.8% | ₹-380 Cr 191.8% | ₹414 Cr 1825.0% | ₹-24 Cr 442.9% | ₹7 Cr 75.0% | ₹4 Cr |
| Free Cash Flow | ₹4 Cr 119.0% | ₹-21 Cr 16.7% | ₹-18 Cr 56.1% | ₹-41 Cr 1950.0% | ₹-2 Cr 85.7% | ₹-14 Cr 128.6% | ₹49 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 87d 17.1% | 105d 32.9% | 79d 1.3% | 80d 3.9% | 77d 19.8% | 96d 47.7% | 65d |
| Inventory Days | 161d 8.0% | 175d 16.3% | 209d 7.7% | 194d 26.8% | 153d 30.8% | 117d 15.2% | 138d |
| Days Payable | 87d 11.2% | 98d 53.1% | 64d 26.4% | 87d 11.5% | 78d 23.5% | 102d 15.7% | 121d |
| Cash Conv. Cycle | 160d 12.1% | 182d 18.4% | 223d 19.3% | 187d 23.0% | 152d 36.9% | 111d 35.4% | 82d |
| Working Capital Days | 86d 17.3% | 104d 1.9% | 106d 488.9% | 18d 0.0% | 18d 205.9% | -17d 63.0% | -46d |
| ROCE | 19.0% 46.2% | 13.0% 116.7% | 6.0% 64.7% | 17.0% 29.2% | 24.0% 33.3% | 18.0% | — |
Source: Screener.in · Lower days = better efficiency
About Avalon Technologies Limited
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]
Capital GoodsElectrical Equipment