Avalon Technologies Limited

Avalon Technologies Limited

AVALON.NS
Avalon Technologies LimitedIN flagNational Stock Exchange of India
1,688.20
INR
+48.30
- -
112.75BMarket Cap
Avalon Technologies Limited
AVALON.NS
(National Stock Exchange of India)

Recent

price

1,688.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
98.19
105.62
128.55
144.37
132.62
166.52
- -
240.63
Revenue per Share
1.89
3.54
10.44
8.04
4.29
9.62
- -
16.95
Basic EPS, GAAP
10.07
0.84
2.12
-2.03
2.65
3.8
- -
- -
Free Cash Flow per Basic Share
0.05
0.56
0.58
0.84
0.63
0.79
- -
- -
Dividend per Share
0.65
3.8
14.18
23.66
29.04
37.8
- -
2
Book Value per Share
0.42
4.2
13.26
81.87
83.58
92.1
- -
107.36
Tangible Book Value per Share
65
65
65
65
65
66
- -
67
Basic Weighted Avg Shares
6,411
6,896
8,393
9,427
8,651
10,981
16,032
16,032
Sales/Revenue/Turnover
7.64
7.73
9.58
9.95
4.79
7.86
8.72
8.72
Operating Margin (%)
155
157
172
197
229
286
336
336
Depreciation Expense
123
231
682
525
280
634
1,129
1,129
Net Income, GAAP
19.41
19.93
21.13
27.77
26.46
26.84
26.49
26.49
Effective Tax Rate (%)
1.92
3.35
8.12
5.57
3.23
5.78
7.05
7.05
Profit Margin (%)
-543
4
513
4,677
4,343
4,480
5,215
5,215
Working Capital
345
579
524
565
349
295
285
285
LT Debt
34
282
872
5,370
5,473
6,115
7,217
7,217
Total Equity
- -
15.47
18.71
11.12
3.92
8.56
12.03
12.03
Return on Invested Capital (%)
- -
16.33
24.97
16.31
8.82
19.97
38.8
38.8
Return on Capital (%)
- -
158.78
116.13
42.5
16.27
28.92
86.01
86.01
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,298
- -
1,844
LT Borrowings
105
- -
112
LT Finance Leases
228
- -
174
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
67
- -
67
Market Capitalization
66,923
58,414
61,829

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
8,649
- -
10,174
Cash, Cash Equivalents & STI
689
- -
1,437
Accounts Receivable, Net
3,369
- -
3,813
Inventories
4,374
- -
4,633
Total Current Liabilities
4,044
- -
4,959
Payables & Accruals
- -
- -
- -
ST Debt
1,298
- -
1,844
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
151.33%
18.01%
Free Cash Flow
- -
-20.34%
128.24%
Net Income, GAAP
- -
66.07%
78.04%
Sales/Revenue/Turnover
- -
19.74%
45.99%
Total Cash Common Dividend
- -
-8.15%
-89.44%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,351
2,010
2,143
2,148
8,651
2025
1,995
2,750
2,809
3,428
10,981
2026
3,233
3,825
4,175
4,799
16,032

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.1
1.11
1
- -
4.29
2025
-0.35
2.65
3.63
3.67
9.62
2026
2.14
3.75
4.89
6.16
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.63
2025
- -
- -
- -
- -
0.79
2026
- -
- -
- -
- -
- -
Business
Avalon Technologies Limited is a leading Indian electronic manufacturing services (EMS) company specializing in fully integrated end-to-end box build solutions. Founded in 1999 and headquartered in Chennai, Tamil Nadu, the company offers a broad range of products and services including printed circuit board (PCB) design and assembly; cable assemblies and wire harnesses; sheet metal fabrication and machining; magnetics such as transformers, chokes, and inductors; injection molded plastics; and complete electro-mechanical system integration. Avalon caters to diverse industries including industrial, mobility, medical devices, clean energy sectors like solar, electric vehicles, hydrogen, and digital infrastructure for telecommunications. The company serves global original equipment manufacturers (OEMs) in the United States, China, Netherlands, and Japan, leveraging a unique global delivery model to provide advanced full-stack engineering and manufacturing solutions. Avalon recently expanded its capabilities into semiconductor equipment manufacturing through a strategic partnership with a major global player, entering pilot production phase to further scale its box-build offerings. In 2025, Avalon also acquired a 4% stake in Zepco Technologies to strengthen technology collaboration and enhance manufacturing and design synergies. The company has reported strong financial growth with revenue increases driven by project ramp-ups and diversification into high-growth sectors such as 5G communications and semiconductor equipment. Avalon Technologies continues to pursue vertical integration and innovation, maintaining a focus on high-value, precision-engineered electronic systems and components. Its operational expansions include brownfield capacity enhancements and strategic investments to boost its presence in evolving technology-driven industries. The company's product portfolio and recent strategic changes position it as a significant player in the Indian and international EMS markets, emphasizing sustainability and digital transformation in key sectors. This comprehensive product suite and recent business developments highlight Avalon Technologies Limited’s commitment to advancing its manufacturing footprint and technology expertise across industrial and emerging markets globally.