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NSE:AVALON

AVALON TECHNOLOGIES LTD

Capital Goods › Electrical Equipment·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹2,164.30
at close · 27 Oct 2026
▲ 163.20 (+8.16%)
ThemesBatteries & Energy Storage· growingDefence· growingRailways· growingSpace Technology· announced

Latest filings

  1. Board approves Rs 425 crore warrant issue to Zollner · Corporate Actions
  2. Board meeting on Oct 27 to consider fund raise and AOA amendment · Fund Raising
  3. Incorporation of Zollner Avalon Private Limited for proposed joint venture · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides electronics manufacturing services (EMS), with consolidated revenue of ₹1,603.2 crore in FY26, up 46% year-on-year. The business operates across two geographies — the United States, which contributed 62% of revenue and grew 59% year-on-year, and India, which contributed 38% and grew 29%. An order book of ₹2,196 crore at the end of FY26, executable over an average of 14 months, gives near-term revenue visibility. Materials are the largest expense at 69% of revenue, followed by employee costs at 17.5% of revenue. EBITDA margin was 12.6% in FY26, with the company posting its seventh consecutive quarter of sequential improvement. Net working capital days improved to 112 from 124, and ROCE for FY26 was 20.6%.

Revenue mix · reported segments
US business62.0%
India business38.0%
Operating scale
Order book
₹2,196 croreFY26
Order book execution period
Average 14 monthsFY26
Q4 FY26 revenue
₹479.9 croreQ4 FY26
Net Working Capital days
112 days (improved from 124)FY26
Geographic revenue mix
US 62% / India 38%FY26
ROCE
20.6%FY26
Who pays it
Customers in the United States and India that outsource electronics manufacturing
Biggest cost
Materials (raw materials and components) at 69% of revenue
Kind of business
Electronics manufacturing services with order-book visibility, split between US and India operations
Where it sits
Listed on NSE and BSE since April 18, 2023, operating as an EMS provider with a combined India and US footprint
Market Cap
₹14,460 Cr
P / E (TTM)
108.1×
EV / EBITDA
63.0×
Div Yield
0.00%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
21.9%▲
ROCE (FY26)
ROE 15.6% · margin 12.6%
Leverage
0.25·
Debt / Equity · low
Net debt ₹112 Cr
Revenue FY23→FY26
1.7×▲
Margin +1.5 pts
₹945 Cr → ₹1,603 Cr
Cash conversion
0.34×▼
Operating cash ÷ profit · 4 yrs
₹86 Cr on ₹257 Cr
Moves on a normal day
1.71%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 56 Other Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#49/52
P/B#46/49
ROCE#20/55
ROE#21/50
Debt / Equity#25/50
EBITDA margin#26/51
Revenue growth#14/46
Profit growth#11/45

Scorecard

Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Returns on capital 21.9%
#20 of 55 in Other Electrical Equipment on the latest reported figures · up from 16.7% in FY23
Concerns
Over 4 years it reported ₹257 Cr of profit and ₹86 Cr of operating cash — 0.34×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 135 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

AVALON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from AVALON TECHNOLOGIES LTD's filed financials and exchange disclosures

What does AVALON TECHNOLOGIES LTD do?

AVALON TECHNOLOGIES LTD is a Electrical Equipment company listed on NSE and BSE, trading under the symbol AVALON.

Is AVALON TECHNOLOGIES LTD profitable?

Yes. Over the trailing twelve months AVALON TECHNOLOGIES LTD reported a net profit of ₹134 Cr on revenue of ₹1,764 Cr.

Does AVALON TECHNOLOGIES LTD pay a dividend?

Yes. It paid out 1% of its profit as dividend in FY26.

Is AVALON TECHNOLOGIES LTD debt-free?

No. It reported borrowings of ₹183 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹112 Cr after cash. Debt stands at 0.25× equity. That is lower than 51% of its 50 Other Electrical Equipment peers.

Is AVALON TECHNOLOGIES LTD expensive compared with its peers?

On trailing P/E, AVALON TECHNOLOGIES LTD ranks 49 of 52 in Other Electrical Equipment — cheaper than 6% of them, against an industry median of 22.7×. This is a position, not a valuation judgement.

How much does the AVALON TECHNOLOGIES LTD share price move in a day?

On a typical session AVALON TECHNOLOGIES LTD moves 1.71% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track AVALON TECHNOLOGIES LTD's announcements?

Every NSE and BSE filing by AVALON TECHNOLOGIES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.