Companies›Industrials›Capital Goods›Aerospace & Defense
NSE:AVANTEL

AVANTEL LIMITED

Capital Goods › Aerospace & Defense
₹134.50
at close · 28 Oct 2026
▼ 2.00 (-1.47%)

Latest filings

  1. Avantel publishes September 2026 quarterly and half-year results · Compliance
  2. Avantel approves Imeds merger and technical director appointment · Management Changes
  3. Avantel board approves Imeds Global merger and technical director appointment · Management Changes
All filings ↓
Ask Nexa about AVANTEL LIMITED

Snapshot

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

AI · written from filings

Designs and manufactures strategic electronic equipment for India's defence and space programmes, earning 99.3% of FY26 revenue from communications and signal processing products. Core offerings include Software Defined Radios, satellite communication (SATCOM) systems and HF communication equipment, supplied primarily to Indian Defence Forces, DRDO, ISRO and defence public sector undertakings. The company operates three manufacturing locations with 576 staff and 256 workers. The communications segment generated Rs 223.72 crore with an EBIT of Rs 32.17 crore, while a small healthcare subsidiary contributed 0.7% of revenue at Rs 1.62 crore and posted a loss. Major cost items are materials (35.3% of revenue) and employees (22.8%), with capex running at 41% of revenue to fund a new Andhra Pradesh manufacturing facility and GSaaS infrastructure in Hyderabad from a May 2025 rights issue. Recent order wins include Rs 83.80 crore of SATCOM equipment from Zetwerk and Rs 20.81 crore of SATCOM products and services from Larsen & Toubro.

Revenue mix · reported segments
Communications and signal processing products99.3%
Health Care0.7%
Operating scale
Manufacturing locations
3FY26
Workforce
576 staff and 256 workersFY26
Order from Zetwerk (SATCOM equipment)
Rs 83.80 croreJune 2026
Order from Larsen & Toubro (SATCOM)
Rs 20.81 croreJuly 2026
Q1 FY27 standalone revenue
Rs 70.12 croreQ1 FY27
Capex as % of revenue
41%FY26
Who pays it
Indian Defence Forces, DRDO, ISRO and defence public sector undertakings; recent corporate customers include Zetwerk and Larsen & Toubro.
Biggest cost
Materials at 35.3% of revenue.
Kind of business
Small-cap defence electronics manufacturer in a heavy investment phase, dominated by a single communications segment with a loss-making healthcare subsidiary.
Where it sits
Supplies Software Defined Radios, SATCOM and HF communication equipment to Indian Defence Forces, DRDO, ISRO and DPSUs.
Market Cap
₹3,574 Cr
P / E (TTM)
216.9×
EV / EBITDA
62.7×
Div Yield
0.15%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
32.3%▲
ROCE (5y median)
ROE 23.8% (5y median) · margin 22.6%
Leverage
0.10·
Debt / Equity · low
Net debt ₹29 Cr
Revenue FY22→FY26
2.1×▲
Margin −10.4 pts
₹105 Cr → ₹223 Cr
Cash conversion
0.56×▼
Operating cash ÷ profit · 5 yrs
₹94 Cr on ₹169 Cr
Moves on a normal day
1.64%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 25 Aerospace & Defense peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#22/23
P/B#13/23
ROCE#23/26
ROE#19/23
Debt / Equity#13/23
EBITDA margin#11/23
Revenue growth#9/23
Profit growth#5/21

Scorecard

Measured from the filed financials, judged against its Aerospace & Defense peers · as of FY26 — not investment advice

Strengths
Returns on capital 32.3% (5-year median)
#23 of 26 in Aerospace & Defense on the latest reported figures · down from 27.7% in FY22
Pays out 35% of profit as dividend
Concerns
Over 5 years it reported ₹169 Cr of profit and ₹94 Cr of operating cash — 0.56×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 267 days of cash tied up

Charts

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

AVANTEL · price

Loading chart…

▲ 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?

Loading peers…

Financials

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

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from AVANTEL LIMITED's filed financials and exchange disclosures

What does AVANTEL LIMITED do?

AVANTEL LIMITED is a Aerospace & Defense company listed on NSE and BSE, trading under the symbol AVANTEL.

Is AVANTEL LIMITED profitable?

Yes. Over the trailing twelve months AVANTEL LIMITED reported a net profit of ₹17 Cr on revenue of ₹241 Cr.

Does AVANTEL LIMITED pay a dividend?

Yes. The dividend yield is 0.15% at the current price. It paid out 35% of its profit as dividend in FY26.

Is AVANTEL LIMITED debt-free?

No. It reported borrowings of ₹34 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹29 Cr after cash. Debt stands at 0.10× equity. That is higher than 54% of its 23 Aerospace & Defense peers.

Is AVANTEL LIMITED expensive compared with its peers?

On trailing P/E, AVANTEL LIMITED ranks 22 of 23 in Aerospace & Defense — cheaper than 5% of them, against an industry median of 69.8×. This is a position, not a valuation judgement.

How much does the AVANTEL LIMITED share price move in a day?

On a typical session AVANTEL LIMITED moves 1.64% — 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 AVANTEL LIMITED's announcements?

Every NSE and BSE filing by AVANTEL LIMITED 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.