Avantel

NSE: AVANTELBSE: 532406
Compare with peers
₹ 134.50▼ 2.45 (−1.79%)28 Oct, 03:29 pm IST
Market cap
₹ 3,606 Cr.
P/E
211.4x
P/B
11.15x
52-week range
117.05 – 197.77
ROE
5%
ROCE
10%
Dividend yield
0.1%
Debt / equity
0.1
Sector
Aerospace & Defense
Industry
Aerospace & Defense
Listed on
NSE, BSE

About

Avantel Limited is an India-based company, which is engaged in the manufacturing of wireless front-end, satellite communication, embedded systems, signal processing, network management and software development, and rendering related customer support services. The Company's segments include Communications and signal processing products, and Health Care Services. It offers a mobile satellite services (MSS) network for the Indian Navy to provide reliable, secured, real-time, long-range (1000 nautical miles from shore) voice and data communications between ships, submarines, aircraft and Helios. It has developed wind profile radars, which provide three-dimensional atmospheric wind data on a continuous basis with spatial resolution. The Company has also developed a real-time solution for position determination and location transmission of the rolling stock for Indian railways. The system also enables the train information to be accessed through the Web or mobile service provider.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Aerospace & Defense: 33 companies →

Avantel against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)211.4 against a typical 72.2: pricier than most peers (1st = cheapest).30th of 33
  • Sales growth+35.7% against a typical +30.4% from a year earlier.13th of 28
  • Profit growth+66.9% against a typical +8.9% from a year earlier.5th of 27
  • Share price, 3 months−15.2% against a typical −2%.25th of 32
  • Size₹ 3,605.9 Cr. market value against a typical ₹ 4,442.2 Cr. (1st = largest).15th of 28

Latest announcements

Exchange filings and their impact on the company.

  • 26 Oct 2026Amalgamation/MergerLow impactNeutralPrice −0.3% that day
    Avantel to absorb tiny medical-devices subsidiary with no new shares, leaving business essentially unchanged.

    Avantel's board on October 26, 2026 approved merging its wholly-owned subsidiary Imeds Global Private Limited into Avantel, subject to NCLT and other approvals, with no new shares or cash payment. Imeds had FY26 revenue of Rs 1.6 crore and net worth of Rs 21.8 crore versus Avantel standalone revenue of Rs 221.35 crore and net worth of Rs 356.5 crore. The board also appointed Vice President-Technical Nimmagadda Sreenivasa Rao as Director (Technical) for three years. The merger simplifies the group structure but does not change consolidated scale or shareholding.

    Filing
  • 26 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −0.3% that day
    Strong Q2 with 34% sales and 60% profit growth signals ~30% higher revenue and profit next year despite rising debt.

    Avantel reported strong Q2 FY27 results with consolidated revenue of Rs 74.4 crore, up 34% from last year, and net profit of Rs 6.8 crore, up 60%. Half-year sales of Rs 144.8 crore and profit of Rs 12.2 crore are already over 65% of last full year. The board also approved merging its wholly-owned healthcare subsidiary Imeds Global into itself and appointed Nimmagadda Sreenivasa Rao as Director Technical for three years. Debt rose to fund inventory and new plant, but earnings momentum is strong.

    Filing
  • 10 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +4.7% on 12 Oct
    Avantel won a Rs 12.04 cr L&T satcom AMC order executable till Oct 2028, adding ~2% to next-12-month revenue.

    Avantel Limited received a purchase order dated October 9, 2026 from Larsen & Toubro Limited for comprehensive annual maintenance of Satcom equipment. The order is worth Rs 12.04 crore inclusive of taxes and is to be executed by October 2028. The small domestic service order adds about two years of recurring maintenance revenue visibility but is only ~5% of annual sales.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A- by 2 agencies
A-
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
AcuiteACUITE A-Stable7 Oct 2026
CARECARE A-Stable9 Apr 2026
Credit rating actions
RatingDetails
7 Oct 2026
New rating
ACUITE A-MediumAcuite₹ 124.44 Cr.
9 Apr 2026
Reaffirmed
CARE A-—CARE₹ 249.5 Cr.
10 Oct 2025
Reaffirmed
CARE A-—CARE₹ 135 Cr.
5 Sep 2025
New rating
ACUITE A-—Acuite₹ 134.5 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
26 Oct 2026Financial ResultsTo consider and approve the financial results for the period ended September 30, 2026
18 Sep 2026Other business mattersNotice of Board Meeting under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
11 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
26 Apr 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
25 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
18 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025

Share price

1M change −11.14%
1 of 2 filing days came with a big price moveBiggest +4.7% on 12 Oct 2026AI reading matched the move 1 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales545942527771495255526470
Expenses293524384339384144395053
Operating Profit252418143532121011131417
OPM %45.9%41.2%43.5%27.4%44.8%45.4%23.6%20.1%20.4%24.3%21.3%24.8%
Other Income000001001010
Interest210111111222
Depreciation222333345567
Profit before tax222216113228856679
Tax %27.6%26.1%23.3%32.7%27.3%29.5%28.4%39.3%31.4%52.9%34.8%37.9%
Net Profit16161272320634355
EPS in Rs0.610.620.460.280.870.760.230.120.160.10.180.2

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
23%
3 Years
13%
TTM
−3%
Compounded Profit Growth
10 Years
—
5 Years
0%
3 Years
−17%
TTM
−67%
Stock Price CAGR
10 Years
57%
5 Years
71%
3 Years
33%
TTM
—
Return on Equity
10 Years
—
5 Years
21%
3 Years
20%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
37.04%
−0.11 pts in a year
FIIs
1.54%
+1.07 pts in a year
DIIs
1.14%
+0.96 pts in a year
Public
60.28%
−1.92 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 211.4xEPS (12 months) ₹ 0.65Median P/E 26.5x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Avantel₹ 134.50₹ 3,606 Cr.211.4x11.2x5%—
HFCL₹ 240.45₹ 36,803 Cr.100.1x6.7x7%6.7%
ITI₹ 215.45₹ 20,719 Cr.—14.4x16.6%13.4%
Tejas Networks₹ 410.00₹ 7,301 Cr.—3.3x−26.8%−82.4%
Vindhya Telelinks₹ 2,478.30₹ 2,894 Cr.9.6x0.5x5.3%6.1%
Paramount Communications₹ 57.59₹ 1,885 Cr.32.8x2.5x8%3.1%

Management

Abburi Vidyasagar
Chairman of the Board, Managing Director
Abburi Sarada
Chief Financial Officer, Whole Time Director
D. Rajasekhara Reddy
Company Secretary, Compliance Officer
Peddi Bala Bhaskar Rao
Additional Executive Director - Operations
Abburi Sidhartha Sagar
Whole Time Director - Strategy & Business Development

Prices are delayed and for information only. Nothing on this page is investment advice.