Avalon Technologies (AVALON) had a P/E of 95.0× on 6 Nov 2026, above the industry P/E of 63.0×, and the shares are 28% below their 52-week high. Sales and net profit grew 19% and 29% a year over 3 years, with ROCE of 22% and ROE of 17%. Debt is 0.30× equity. It is a small-cap company with a market cap of ₹12,668 Cr, ranked 4th of 20 Electronic Components companies by market cap; the shares rose 83% over the past year.
- ₹2,029.80
- ₹2,049.40
- ₹1,861.70
- ₹2,100.00
- 5.2 L
Health check
- ReturnsAhead
+82.6% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 95.0 vs industry 63.0.
- GrowthSteady
Sales +19.3%, profit +29.1% a year over 3 years.
- ProfitabilityStrong
ROCE 21.7% vs peer median 13.3%.
- Balance sheetFair
Debt 0.30× equity, interest covered 12.5×, Piotroski 5 of 9.
- Red flags2 to check
P/E of 95.0 against an industry P/E of 63.0.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹12,668 Cr
- Small cap
- P/E
- 95.0
- Industry 63.0
- Price to book
- 17.53
- Peers 5.04
- Dividend yield
- 0.00%
- ROE
- 16.9%
- Peers 9.6%
- ROCE
- 21.7%
- Peers 13.3%
- Debt to equity
- 0.30
- Debt ₹213 Cr
- EPS (TTM)
- ₹19.93
- Face value ₹2
- OPM (TTM)
- 11.4%
- Net margin 7.6%
- Sales growth
- +49.8%
- Latest quarter vs a year ago
- Profit growth
- +145.3%
- Latest quarter vs a year ago
- Price to sales
- 7.18
- EV/EBITDA 66.1
Strengths and risks
Strengths
- Return on capital employed of 21.7%.
- Quarterly profit up 145.3% on a year ago.
- Quarterly sales up 49.8% on a year ago.
Risks to check
- P/E of 95.0 against an industry P/E of 63.0.
- Promoter stake down from 44.5% to 40.4%.
About Avalon Technologies
Avalon Technologies Limited, together with its subsidiaries, provides integrated electronic manufacturing services in India, the United States, and internationally. It offers printed circuit board assemblies; custom cables and wire harness assemblies; magnetic assemblies; sheet metal fabrication and assemblies, as well as contract services; aerospace sheet metal fabrication; precision injection molding for plastic parts; new product introduction,…
- Headquarters
- Chennai
- Employees
- 1,525
- Sector
- Technology
- ISIN
- INE0LCL01028
- Website
- avalontec.com
Price range
- Avg volume (3M)
- 5.2 L
- 1-year return
- plus 82.6%
- From 52-week high
- minus 27.7%
Analyst consensus
Peers · Electronic Components
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMASyrma SGS Technology | 1,459.30 | minus 3.68% | 28,110 | 66.7 | 47.6 | 14.7% | 10.9% | 0.24 | 32.8% | plus 93.2% |
| KAYNESKaynes Technology India | 3,233.00 | minus 1.81% | 21,733 | 63.0 | 37.5 | 12.0% | 15.6% | 0.19 | 47.7% | minus 50.6% |
| PGELPG Electroplast | 546.15 | minus 0.55% | 15,661 | 72.5 | 37.0 | 8.7% | 7.3% | 0.25 | 33.8% | minus 3.4% |
| AVALONAvalon Technologies | 1,893.60 | minus 9.83% | 12,668 | 95.0 | 72.8 | 21.7% | 11.4% | 0.30 | 19.3% | plus 82.6% |
| KRNKRN Heat Exchanger and Refrigeration | 939.80 | minus 4.99% | 6,152 | 51.9 | – | – | 13.0% | 0.16 | – | plus 24.9% |
| CENTUMCentum Electronics | 4,069.20 | minus 0.88% | 6,007 | 374.4 | 41.5 | 37.9% | 10.5% | 0.38 | 2.4% | plus 67.0% |
| MODINSUModern Insulators | 457.10 | minus 2.34% | 2,155 | 22.9 | 20.2 | 16.7% | 14.8% | 0.13 | 18.5% | plus 213.5% |
| IKIOIKIO Technologies | 196.69 | plus 13.11% | 1,520 | 31.9 | 19.4 | 8.9% | 13.7% | 0.11 | 18.4% | minus 16.5% |
| Median of 7 peers | – | −1.81% | 6,152 | 63.0 | 37.3 | 13.3% | 13.0% | 0.19 | 25.6% | 24.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 323 | 382 | 418 | 480 | 484 | |
| 293 | 344 | 370 | 423 | 426 | |
| 29.9 | 38.6 | 48 | 56.9 | 58 | |
| 9.2% | 10.1% | 11.5% | 11.8% | 12.0% | |
| 1.7 | 7.9 | 7.4 | 11.9 | 2.8 | |
| 3.8 | 4.1 | 3 | 4.2 | 3.5 | |
| 8.5 | 8.9 | 7.9 | 8.3 | 8.6 | |
| 19.3 | 33.6 | 44.5 | 56.3 | 48.7 | |
| 26.4% | 25.6% | 26.7% | 26.9% | 28.5% | |
| 14.2 | 25 | 32.6 | 41.2 | 34.9 | |
| 2.12 | 3.73 | 4.86 | 6.14 | 5.20 |
Profit & loss
- Sales CAGR 3Y
- +19.3%
- Profit CAGR 3Y
- +29.1%
- EPS CAGR 3Y
- +28.0%
- ROE
- 16.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 943 | 865 | 1,096 | 1,599 | |
| – | minus 8.2% | +26.7% | +45.9% | |
| 829 | 801 | 981 | 1,425 | |
| 113 | 64.3 | 115 | 175 | |
| 12.0% | 7.4% | 10.5% | 10.9% | |
| −2.1 | 1.6 | 2.2 | −1.6 | |
| 21 | 10.1 | 12.5 | 13.3 | |
| 19.7 | 22.9 | 28.6 | 33.6 | |
| 2 | 5.2 | 10.2 | 27.3 | |
| 72.7 | 38.1 | 86.7 | 154 | |
| 27.8% | 26.5% | 26.8% | 26.5% | |
| 52.5 | 28 | 63.4 | 113 | |
| – | minus 46.7% | +126.7% | +78.0% | |
| 8.04 | 4.19 | 9.48 | 16.86 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.6 | 13.1 | 13.2 | 13.4 | |
| 525 | 534 | 598 | 708 | |
| 304 | 156 | 164 | 203 | |
| 348 | 222 | 265 | 340 | |
| 1,189 | 925 | 1,040 | 1,264 | |
| 145 | 169 | 193 | 212 | |
| 20.1 | 24 | 12.3 | 26.3 | |
| 0.9 | 17.5 | 2.7 | 9.9 | |
| 422 | 118 | 135 | 143 | |
| 601 | 597 | 697 | 873 | |
| 1,189 | 925 | 1,040 | 1,264 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −13.2 | 17.3 | 25.1 | 57.2 | |
| −25.4 | −146 | 53.8 | −63.6 | |
| 452 | −251 | −52.3 | 7.9 | |
| 414 | −380 | 26.6 | 1.5 | |
| −27.4 | −35.5 | −46.2 | −53.6 | |
| −40.7 | −18.2 | −21.1 | 3.5 | |
| −5.5 | −4.1 | −5.2 | −0.6 |
Shareholding pattern
- Promoters40.35%
- Public59.65%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 40.35% | 59.65% | minus 4.04 | |
| 30 Jun 2026 | 44.39% | 55.61% | minus 0.03 | |
| 31 Mar 2026 | 44.42% | 55.58% | minus 0.01 | |
| 31 Dec 2025 | 44.43% | 55.57% | minus 0.03 | |
| 30 Sep 2025 | 44.46% | 55.54% | – |
Major shareholders
Filings & events
News
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