NSE: AVALON · BSE: 543896 · ISIN INE0LCL01028
Avalon Technologies Limited stock analysis
Avalon Technologies Limited ranks #758 in the TickerSutra evidence-ranked universe with a score of 60/100 and 89% data confidence. The latest captured fundamentals show ROCE of 19.5%, quarterly sales growth of 49.8% and quarterly profit growth of 145.4%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.3×
- 19.3% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹841cr | ₹98cr | ₹67cr | 12.0% |
| 2023 | ₹945cr | ₹113cr | ₹52cr | 12.0% |
| 2024 | ₹867cr | ₹63cr | ₹28cr | 7.0% |
| 2025 | ₹1,098cr | ₹115cr | ₹63cr | 10.0% |
| 2026 | ₹1,603cr | ₹173cr | ₹113cr | 11.0% |
| TTM | ₹1,764cr | ₹201cr | ₹134cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Avalon Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026
RoutineAvalon Technologies Ltd - 543896 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 29 Sept 2026Pursuant to Regulation 30 of the SEBI LODR Regulations, please find the enclosed Proceedings of the AGM.
MANAGEMENT COMMENTARY
Signals from filed documents
EBITDA margin improved to 10.8% from 10.5%, demonstrating operating leverage benefits and cost efficiencies as revenues scaled. Profitability saw a sharp improvement, with: • Profit before tax (PBT) increasing by 77% to ₹ 154 Cr • Profit after tax (PAT) rising by 78% to ₹ 113 Cr The PAT margin expanded to 6.9%, compared to 5.7% in FY2025, reflecting improved operating performance, better cost absorption, and enhanced
• Progressed railway mobility solutions, including developments in the Kavach anti‑collision system and locomotive subsystem programs. • Strengthened presence in Europe and Southeast Asia, supporting customer diversification and export growth. • Increased share of high‑value box‑build solutions, reflecting a strategic shift toward complex and value‑added manufacturing.
India’s electronics and semiconductor industry is increasingly emerging as a critical growth driver. Supported by targeted government initiatives, including the Production Linked Incentive (PLI) schemes and broader ecosystem development measures, the sector has witnessed accelerated investments and capacity expansion. These developments have strengthened India’s integration into global value chains, while enhancing b
At Avalon, we continue to deepen our engagement with customers from the early stages of product development, leveraging our design, engineering, and new product introduction capabilities. By combining design expertise with manufacturing know-how, the Company is positioned to support customers – from concept and prototyping, through to commercial production. This integrated approach enables faster product development,
EMS providers are also expanding their engineering, testing and supply chain capabilities to address evolving customer requirements and support increasingly complex product architectures. EMS industry remains an important manufacturing hub for customers requiring advanced engineering capabilities, high ‑quality manufacturing standards and specialized production expertise. The continued expansion of electronics conten
GEOGRAPHY MIX Avalon’s revenue from U.S. customers rose to 62%, compared to 57% in FY2025, showing stronger traction in international markets. The share from Indian customers was 38% during FY2026.
Demand for diagnostic equipment, wearable devices, remote monitoring systems, and advanced medical instruments is rising globally. These products require high precision, reliability, and compliance with stringent regulatory standards, creating opportunities for EMS providers to cater to this specialized and high‑value segment. The increasing integration of electronics in healthcare delivery systems is expected to fur
Impairment Assessment in respect of Investment in Subsidiaries In accordance with the applicable accounting standards, the management carries out an impairment testing at each reporting date in respect of those investments for which the indicators of impairment in accordance with the said standard exists. Significant Management estimates and judgement is required in the area of impairment testing, particularly in ass
These measures support productivity, quality and operational reliability. Customer Concentration Risk A significant proportion of the Company’s revenue is derived from a limited number of customers. Consequently, the loss of a key customer, reduction in order volumes, changes in customer procurement strategies or termination of commercial arrangements could result in revenue volatility and may adversely affect the Co
Newspapers wherein results normally published 1. Makkal Kural – in Tamil Website, where displayed www.avalontec.com Whether it also displays official news releases YES Presentations made to institutional investors or to the analysts Disseminated to the Stock Exchanges website, both National Stock Exchange India Ltd, BSE Ltd and the Company’s website GENERAL SHAREHOLDERS INFORMATION: Registered Office: Avalon Technolo
Looking ahead into FY2027, the RBI has projected a real GDP growth rate of 6.9%. This calculation reflects a cautious baseline accounting for external supply shocks, such as the West Asia conflict and its subsequent pressure on global shipping routes and raw material costs. Concurrently, full ‑year CPI inflation for FY2027 is projected to rise to 4.6% due to unfavorable base effects, volatile global crude assumptions
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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