Avantel (AVANTEL) share price, P/E, ROE & financials

On 6 Nov 2026, Avantel was priced at ₹138.69, or 190.0× trailing earnings, against an industry P/E of 40.6×, and the shares are 30% below their 52-week high. Sales grew 13% a year over 3 years while net profit fell 18%, with ROCE of 8.2% and ROE of 5.9%. Debt is 0.31× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹3,686 Cr, ranked 6th of 24 Communication Equipment companies by market cap; the shares fell 16% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹138.00
Day high: ₹139.39
Day low: ₹136.51
Prev. close: ₹140.43
Volume: 7 L

Health check

2 fair · 4 to check

ReturnsIn line
−16.3% over a year, better than 3 of 7 peers.
Price tagPricier
P/E 190.0 vs industry 40.6.
GrowthSteady
Sales +12.9%, profit −17.6% a year over 3 years.
ProfitabilityWeak
ROCE 8.2% vs peer median 12.6%.
Balance sheetStretched
Debt 0.31× equity, interest covered 7.1×, Piotroski 3 of 9.
Red flags2 to check
Return on equity is low at 5.9%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Communication Equipment

23 listed peers. Screen the industry

Small cap

₹3,686 Cr, #6 of 24 in its industry by size.

Defensive

Beta 0.23 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹260 Cr · profit ₹20 Cr

Market cap: ₹3,686 Cr; Small cap
P/E: 190.0; Industry 40.6
Price to book: 10.44; Peers 5.71
Dividend yield: 0.14%
ROE: 5.9%; Peers 16.6%
ROCE: 8.2%; Peers 12.6%
Debt to equity: 0.31; Debt ₹107 Cr
EPS (TTM): ₹0.73; Face value ₹2
OPM (TTM): 24.7%; Net margin 7.6%
Sales growth: +34.3%; Latest quarter vs a year ago
Profit growth: +73.3%; Latest quarter vs a year ago
Price to sales: 14.16; EV/EBITDA 58.2

Strengths

Quarterly profit up 73.3% on a year ago.
Quarterly sales up 34.3% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 5.9%.
P/E of 190.0 against an industry P/E of 40.6.

Derived automatically from reported figures. Not a recommendation.

About Avantel

Avantel Limited engages in the manufacturing of wireless communications products in India. The company offers software defined radios; satellite communication equipment; HF communication equipment; radar systems; network management systems and application software; and embedded systems and digital signal processing solutions. It also provides mobile satellite services (MSS) network that offers voice and data communications to ships, submarines, aircraft,…

Headquarters: Hyderabad
Employees: 453
Sector: Technology
ISIN: INE005B01027
Website: avantel.in

Price range

52 weeks

₹117.05₹197.77

Today

₹136.51₹139.39

Avg volume (3M): 13 L
1-year return: minus 16.3%
From 52-week high: minus 29.9%

Peers · Communication Equipment

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
STLTECHSterlite Technologies	719.90	minus 5.00%	37,018	52.4	65.8	8.0%	22.0%	0.22	−11.8%	plus 530.2%
HFCLHFCL	210.66	minus 5.00%	32,237	36.8	42.9	10.8%	21.2%	0.34	1.3%	plus 188.1%
ITIITI	248.85	minus 0.58%	23,961	135.2	350.1	14.4%	−4.0%	0.40	16.1%	minus 22.6%
ASTRAMICROAstra Microwave Products	1,557.80	minus 0.01%	14,791	78.4	44.6	20.8%	28.6%	0.22	12.6%	plus 47.1%
TEJASNETTejas Networks	417.20	minus 1.59%	7,422	–	–	−29.5%	−23.2%	1.97	6.1%	minus 21.7%
AVANTELAvantel	138.69	minus 1.24%	3,686	190.0	76.9	8.2%	24.7%	0.31	12.9%	minus 16.3%
PACEDIGITKPace Digitek	158.13	minus 1.62%	3,413	9.8	8.5	16.1%	16.3%	0.57	73.8%	minus 26.6%
PARACABLESParamount Communications	64.13	minus 6.11%	2,099	27.9	–	–	5.7%	0.15	–	plus 59.2%
Median of 7 peers	–	−1.62%	14,791	44.6	44.6	12.6%	16.3%	0.34	9.4%	47.1%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
51.9	51.7	63.8	70.4	74.4
41.5	39.2	50.2	53	53.6
10.5	12.5	13.6	17.4	20.8
20.1%	24.2%	21.3%	24.8%	28.0%
0	0.4	1.1	0.1	0.3
0.8	1.8	1.8	1.8	2.8
4.4	5.4	5.6	7.1	8.8
5.3	5.8	7.3	8.7	9.6
39.1%	52.9%	34.7%	38.0%	29.3%
3.2	2.7	4.8	5.4	6.8
0.32	0.10	0.17	0.20	0.26

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +12.9%
Profit CAGR 3Y: −17.6%
EPS CAGR 3Y: −19.8%
ROE: 5.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
154	224	249	222
–	+45.2%	+11.0%	minus 10.6%
107	142	156	174
47	81.9	92.5	48.3
30.5%	36.5%	37.2%	21.7%
−0.2	0.5	0.4	0.9
4.2	3.3	1.6	4.1
5.8	7.5	11.8	20.1
−0.2	−0.1	−0	−0.4
36.7	71.5	79.4	24.6
26.8%	26.5%	28.9%	39.1%
26.8	52.6	56.4	15
–	+95.8%	+7.4%	minus 73.4%
1.05	2.03	2.30	0.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
16.2	48.7	48.9	53.1
91.3	115	188	285
30.3	17.5	26.3	34.4
11.6	34.2	26.5	37.2
149	216	290	410
39.8	66.5	119	187
8.7	18	4.5	5.9
1.1	3.9	3.2	7.3
99.9	127	163	210
149	216	290	410

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1.7	65.2	49.9	10
−10.2	−41.6	−57.3	−92.6
8.2	−22.7	8.2	86.3
−0.3	0.9	0.9	3.8
−11.9	−31.6	−78.4	−92.7
−10.2	33.6	−28.5	−82.7
−1.6	−1.6	−4.9	−5.3

Shareholding pattern

Source: NSE filings

36.9%

promoters

Promoters36.85%
Public63.15%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	36.85%	63.15%	minus 0.19
30 Jun 2026	37.04%	62.96%	0.00
31 Mar 2026	37.04%	62.96%	minus 0.04
31 Dec 2025	37.08%	62.92%	minus 0.07
30 Sep 2025	37.15%	62.85%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you