Avalon Technologies LtdNSE:AVALON
Current view Q4 2026
Builds electronics for other firms; sales up 46%, profit nearly doubled, and it hit its revenue-doubling target a year early. Strong growth - but the stock is priced for perfection.
Latest exchange filings last 5 · 5 after Q4 2026
- 5 Sep ’26Please find the enclosed Newspaper Advertisement regarding the 27th AGM of the Company. ↗
- 4 Sep ’26FY 2025-26 annual report shared; 27th AGM on September 28, 2026 via VC/OAVM. ↗
- 4 Sep ’26Submitted BRSR for FY 2025-26 as part of annual report. ↗
- 4 Sep ’26Reg. 34 (1) Annual Report. 4 Sep ↗
- 4 Sep ’26Intimation Of The 27Th Annual General Meeting Of The Company 4 Sep ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +39.9% | +14.8% | +19.3% | +18.4% |
| Operating profit | ▲ +39.0% | +18.8% | +16.7% | +23.3% |
| EPS | ▲ +67.8% | +26.2% | +23.1% | −58.3% |
| PAT | ▲ +70.8% | +24.2% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +39.9%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average53/100
Growing fast — and the market has noticed. Profit per share grew 23% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
₹2,310 → ₹4,620 needs the P/E at 146× — it is 137× today, and has ranged 0.2× to 223× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 219× — it has traded there — high was 223×.
At ₹1,343 the price-tag on its earnings reaches the 79× it is being projected toward — the point where being cheap against that yardstick is used up.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹14,802 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 23.1% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Contract Manufacturing · 6 of 60 listed
It earns 19% on its capital, fifth of 6, and it is the second most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Avalon Tech | ₹2,437 | 121.9× | ₹16,281 Cr | 19.3% | +145.4% | +49.8% |
| Apar Inds. | ₹18,297 | 63.6× | ₹76,615 Cr | 31.8% | +77.8% | +29.1% |
| Waaree Energies | ₹2,532 | 18.1× | ₹72,833 Cr | 38.5% | +14.1% | +79.2% |
| Premier Energies | ₹896 | 24.5× | ₹40,679 Cr | 32.7% | +50.5% | +35.3% |
| Emmvee Photovol. | ₹329 | 17.9× | ₹22,775 Cr | 44.8% | +102.6% | +51.3% |
| MTAR Technologie | ₹7,240 | 162.2× | ₹22,270 Cr | 15.2% | +349.7% | +130.4% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | yes — widening, and steadily | operating margin 7% → 12% over 3 years |
|---|---|---|
| Did the profit turn into cash? | under half — much of the profit is tied up | 53% last year, 49% over three · free cash flow ₹4 cr, positive in 1 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹213 cr — 0.30× its own equity (was 0.29×) |
| Is it being collected? | customers are paying faster | 87 days to collect, down 18 in a year · cash cycle 160 days |
| Who has been buying? | the promoters have held steady | promoters 44.4% (−0.2 in a year), 51.1% → 44.4% over 2.8 years · FIIs 7.8% (−0.9) · DIIs 24.7% (+2.7) · shareholders 55,329 → 72,969 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 19.3% · ROE 16.5% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
- Company has delivered good profit growth of 39.2% CAGR over last 5 years
Against it
- Stock is trading at 22.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.7% over last 3 years.
- Promoter holding has decreased over last 3 years: -6.85%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.