Avalon Technologies Limited

BSE: AVALON543896ISIN INE0LCL01028

Industrials
Other Electrical Equipment
BSE 1000

Share price

₹2,037.85+43.15 (+2.16%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,620.00
52W low: ₹778.15
Off 52W high: -22.22%
1M return: -9.62%
3M return: +12.00%
6M return: +77.04%
1Y return: +77.35%
20D avg volume: 20,752
50 DMA: ₹2,220.41
200 DMA: ₹1,557.38

Key ratios Consolidated

Market cap: ₹13,630 Cr
Current price: ₹2,037.85
52W high / low: ₹2,620.00 / ₹778.15
Face value: ₹2.00
P/E: 102.02
P/B: 18.85
EPS (TTM): ₹19.98
Book value / share: ₹108.10
ROE: —
ROCE: 21.90%
Operating margin: —
Net margin: —
Debt / equity: 0.25
Net debt: ₹112.20 Cr
Interest cover: 11.24
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 135.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	484.41	479.89	417.54	382.46	323.31	342.79	280.85	275.02	199.47	216.81	214.27	200.99
	2.82	11.92	7.43	7.91	1.66	3.18	9.97	3.92	4.44	2.81	2.15	4.74
	487.23	491.81	424.98	390.38	324.96	345.96	290.82	278.93	203.91	219.62	216.42	205.74
	438.49	435.55	380.48	356.79	305.66	313.39	258.10	255.50	205.93	209.67	207.35	197.15
	320.86	304.70	289.72	283.20	228.52	223.55	190.14	175.60	129.48	135.52	129.61	125.36
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	83.41	77.43	70.03	69.89	63.37	57.00	49.37	46.71	45.47	45.14	45.66	45.54
	3.46	4.21	2.96	4.07	3.77	4.23	4.51	3.74	4.22	3.94	3.63	3.25
	8.58	8.31	7.95	8.87	8.47	7.73	7.36	6.88	6.61	6.11	6.00	5.51
	26.56	27.32	24.66	22.76	21.56	21.93	20.83	24.47	16.39	19.08	17.06	16.63
	48.74	56.26	44.49	33.58	19.31	32.57	32.72	23.44	-2.01	9.94	9.07	8.59
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.74	56.26	44.49	33.58	19.31	32.57	32.72	23.44	-2.01	9.94	9.07	8.59
	13.87	15.11	11.89	8.61	5.09	8.30	8.73	5.96	0.29	2.88	2.49	1.31
	34.87	41.15	32.60	24.98	14.21	24.28	23.99	17.48	-2.31	7.06	6.58	7.28
	5.22	6.16	4.89	3.75	2.14	3.67	3.63	2.65	-0.35	1.08	1.00	1.11
Key metrics
	60.78	68.78	55.40	46.52	31.55	44.53	44.59	34.06	8.82	19.99	18.70	17.35
	12.50%	14.30%	13.30%	12.20%	9.80%	13.00%	15.90%	12.40%	4.40%	9.20%	8.70%	8.60%
	7.20%	8.60%	7.80%	6.50%	4.40%	7.10%	8.50%	6.40%	-1.20%	3.30%	3.10%	3.60%
	—	7.90%	—	5.40%	—	5.50%	—	—	—	—	—	—
	49.80%	40.00%	48.70%	39.10%	62.10%	58.10%	31.10%	36.80%	—	—	—	—
	145.40%	69.50%	35.90%	42.90%	715.20%	243.90%	264.60%	140.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	1,764	1,603	1,098	867.17	944.72
	30.08	28.92	17.11	14.87	14.35
	1,794	1,632	1,115	882.04	959.07
	1,611	1,478	1,029	843.99	886.38
	1,198	1,106	718.78	552.28	623.84
	0.00	0.00	0.00	—	—
	300.76	280.73	198.55	184.99	160.54
	14.70	15.01	16.70	16.40	34.79
	33.71	33.60	28.57	22.90	19.66
	101.30	96.30	79.23	67.37	64.66
	183.07	153.65	86.71	38.05	72.69
	0.00	0.00	0.00	0.00	0.00
	183.07	153.65	86.71	38.05	72.69
	49.48	40.70	23.27	10.07	20.19
	133.60	112.95	63.44	27.98	52.50
	20.02	16.95	9.62	4.29	9.27
Key metrics
	231.48	202.26	131.98	77.35	127.14
	13.12%	12.60%	12.00%	8.90%	13.50%
	7.57%	7.00%	5.80%	3.20%	5.60%
	—	21.90%	15.40%	—	—
	44.38%	46.00%	26.60%	-8.20%	—
	67.08%	78.00%	126.70%	-46.70%	—
	—	3.55	-21.12	—	—
	—	0.51	0.40	—	—
	—	0.25	0.23	—	—
	—	112.20	72.84	—	—
	—	135.1	154.4	—	—
Balance sheet
	—	1,264	1,040	—	—
	—	1,017	816.69	—	—
	—	71.22	68.83	—	—
	—	381.27	316.00	—	—
	—	463.29	337.90	—	—
	—	29.16	27.54	—	—
	—	162.17	147.38	—	—
	—	251.27	189.35	—	—
	—	495.92	368.64	—	—
	—	183.42	141.67	—	—
	—	172.26	123.32	—	—
	—	11.16	18.35	—	—
	—	721.71	611.55	—	—
Cash flow
	—	57.19	25.06	—	—
	—	-63.60	53.80	—	—
	—	7.90	-52.28	—	—
	—	53.64	46.18	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	210.64	233.72	214.52	206.29	166.49	202.07	151.40	161.56	116.75	111.06	119.59	97.47
	6.56	14.97	11.55	11.58	5.84	5.43	12.77	6.32	6.83	4.65	3.45	5.79
	217.20	248.69	226.07	217.87	172.33	207.51	164.17	167.87	123.58	115.70	123.04	103.27
	190.57	213.18	194.19	184.70	153.04	183.50	142.11	156.31	114.06	110.88	108.91	93.08
	157.36	157.32	169.85	159.91	128.75	146.22	122.10	123.28	91.66	83.58	83.34	75.71
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	26.16	25.23	22.68	22.75	20.38	17.94	16.56	15.68	13.49	12.84	12.76	11.29
	0.52	1.22	0.41	1.06	0.92	0.88	0.80	0.57	0.55	0.26	0.33	0.32
	2.76	2.76	2.52	2.43	2.29	1.84	1.69	1.50	1.39	1.22	1.34	1.36
	11.62	12.71	10.94	10.67	10.47	10.26	8.94	13.58	6.96	7.55	7.96	6.70
	26.63	35.51	31.88	33.16	19.30	24.00	22.06	11.56	9.53	4.83	14.14	10.19
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	26.63	35.51	31.88	33.16	19.30	24.00	22.06	11.56	9.53	4.83	14.14	10.19
	6.48	9.31	8.05	8.40	4.72	5.54	5.58	2.90	2.56	1.05	3.67	2.54
	20.15	26.20	23.83	24.76	14.58	18.47	16.48	8.66	6.97	3.77	10.47	7.65
	3.02	3.92	3.57	3.72	2.19	2.79	2.49	1.31	1.06	0.57	1.60	1.17
Key metrics
	29.91	39.49	34.81	36.65	22.51	26.72	24.55	13.63	11.47	6.31	15.81	11.87
	14.20%	16.90%	16.20%	17.80%	13.50%	13.20%	16.20%	8.40%	9.80%	5.70%	13.20%	12.20%
	9.60%	11.20%	11.10%	12.00%	8.80%	9.10%	10.90%	5.40%	6.00%	3.40%	8.80%	7.80%
	—	4.40%	—	4.40%	—	3.40%	—	—	—	—	—	—
	26.50%	15.70%	41.70%	27.70%	42.60%	81.90%	26.60%	65.80%	—	—	—	—
	38.20%	41.90%	44.60%	185.90%	109.20%	389.90%	57.40%	13.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	865.17	821.02	631.78	441.68	479.37
	44.66	43.94	26.96	19.24	4.88
	909.83	864.96	658.74	460.92	484.25
	782.64	745.11	591.59	417.67	445.82
	644.44	615.83	483.26	327.04	368.32
	0.00	0.00	0.00	—	—
	96.82	91.05	63.66	48.79	41.65
	3.21	3.61	2.80	2.59	17.64
	10.47	10.01	6.41	5.20	4.87
	45.94	44.78	35.35	27.07	26.53
	127.18	119.85	67.15	43.26	38.43
	0.00	0.00	0.00	—	—
	127.18	119.85	67.15	43.26	38.43
	32.24	30.48	16.58	10.77	10.06
	94.94	89.37	50.57	32.49	28.37
	14.23	13.41	7.67	2.27	5.00
Key metrics
	140.86	133.47	76.36	51.05	60.94
	16.28%	16.30%	12.10%	11.60%	12.70%
	10.97%	10.90%	8.00%	7.40%	5.90%
	—	14.80%	9.50%	—	—
	26.95%	30.00%	43.00%	-7.90%	—
	63.16%	76.70%	55.60%	14.50%	—
	—	29.22	-26.96	—	—
	—	0.75	0.08	—	—
	—	0.04	0.05	—	—
	—	-3.06	9.69	—	—
	—	172.6	201.8	—	—
Balance sheet
	—	1,023	903.34	—	—
	—	626.08	559.63	—	—
	—	38.22	26.32	—	—
	—	287.33	277.75	—	—
	—	228.38	180.45	—	—
	—	11.90	14.79	—	—
	—	97.33	86.30	—	—
	—	127.26	109.12	—	—
	—	191.77	167.52	—	—
	—	35.16	36.01	—	—
	—	35.16	36.01	—	—
	—	0.00	0.00	—	—
	—	819.09	726.11	—	—
Cash flow
	—	67.23	4.29	—	—
	—	-50.27	-8.08	—	—
	—	-4.33	6.29	—	—
	—	38.01	31.25	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +19.64%
Sales CAGR 5Y: —
Profit CAGR 3Y: +46.59%
Profit CAGR 5Y: —
Sales YoY (TTM): +26.95%
Profit YoY (TTM): +63.16%

Consolidated

Sales CAGR 3Y: +19.28%
Sales CAGR 5Y: —
Profit CAGR 3Y: +29.09%
Profit CAGR 5Y: —
Sales YoY (TTM): +44.38%
Profit YoY (TTM): +67.08%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 40.34%

Quarter	September 2026	June 2026
Promoter %	40.34%	44.38%

Holder	Type	Holding	Previous	Change
Kunhamed Bicha	Promoter	21.57%	21.59%	-0.02%
Bhaskar Srinivasan	Promoter	9.38%	9.39%	-0.01%
K L Bicha Family Private Trust	Promoter Group	5.95%	5.96%	-0.01%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	Public	5.80%	5.81%	-0.01%
Luquman Ediyaanamveedu	Public	5.41%	—	—
Hsbc Mutual Fund	Public	4.72%	4.48%	+0.24%
Nomura Financial Advisory & Securities	Public	4.00%	—	—
Axis Mutual Fund	Public	3.14%	3.33%	-0.19%
Anand Kumar	Public	2.57%	2.58%	-0.01%
S Seshukumar	Public	2.00%	2.08%	-0.08%
Hdfc Large And Mid Cap Fund	Public	1.34%	1.34%	0.00%
Tata Aia Life Insurance Company Limited	Public	1.20%	1.20%	0.00%
KBS Family Trust	Promoter Group	1.02%	3.02%	-2.00%
Thayagath Puthan Vettil Imbichammad	Promoter Group	1.02%	1.02%	0.00%
BBS Family Trust	Promoter Group	1.02%	3.02%	-2.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

Please find the enclosed Intimation regarding receipt of request from Mr. Bhaskar Srinivasan for reclassification from Promoter/Promoter Group to Public under Regulation 31A of the SEBI ....3 Nov 2026 · Others
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed Earnings Call Intimation for the Quarter and Half Year ....2 Nov 2026 · Company Update / Analyst / Investor Meet
Avalon Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve the Unaudited Standalone ....30 Oct 2026 · Board Meeting / Board Meeting
We hereby inform that the Nomination and Remuneration Committee, through Circular Resolution, approved the allotment of 16,138 equity shares under the "Avalon ESOP Scheme 2022" on October 30, 202630 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Please find the enclosed Newspaper Advertisement regarding the Extra-Ordinary General Meeting (EGM) of the Company.29 Oct 2026 · Company Update / Newspaper Publication
Please find the enclosed Notice of the Extra-Ordinary General Meeting of the Company scheduled to be held on Saturday, November 21, 2026 at 11.00 a.m. (IST)28 Oct 2026 · AGM/EGM / EGM
Please find the enclosed Outcome of the Board Meeting held on October 27, 2026.27 Oct 2026 · Board Meeting / Outcome of Board Meeting
Avalon Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve the amendment of Articles ....22 Oct 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed update on incorporation of "Zollner Avalon Private Limited".20 Oct 2026 · Company Update / Joint Venture
Please find the enclosed disclosure on ESG Rating as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.14 Oct 2026 · Company Update / General
Please find the enclosed RTA Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018.9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find the enclosed Clarification on the Disclosure made on September 03, 2026 regarding appointment and re-appointment of Directors of the Company.8 Oct 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that Avalon Technologies Limited has executed a lease deed today ....8 Oct 2026 · Company Update / Memorandum of Understanding /Agreements
The Company has received Disclosure under Reg 29(2) of SEBI (SAST) Regulations, 2011 from Mr. Bhaskar Srinivasan, a Promoter, on behalf of himself as well as BBS Family Trust & KBS Family ....1 Oct 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhaskar Srinivasan & Others1 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find the enclosed Scrutinizer''s Report on the 27th Annual General Meeting of the Company along with E-Voting Results.30 Sep 2026 · AGM/EGM / AGM
In line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, we hereby inform that the Trading Window for dealing in the Company''s securities shall be closed for Designated ....30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find the enclosed Press Release titled "Clarification on Media Reports regarding Proposed Stake Sale by Mr. Bhaskar Srinivasan''s Promoter Group"30 Sep 2026 · Company Update / Press Release / Media Release
Pursuant to Regulation 30 of the SEBI LODR Regulations, please find the enclosed Proceedings of the AGM.28 Sep 2026 · AGM/EGM / AGM
Please find the enclosed Newspaper Advertisement regarding the 27th AGM of the Company.5 Sep 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed disclosure.4 Sep 2026 · Company Update / General
Please find the enclosed Business Responsibility and Sustainability Report for the Financial Year 2025-26.4 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find the enclosed Annual Report for FY 2025-26.4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find the enclosed Intimation of the 27th Annual General Meeting of the Company scheduled to be held on September 28, 2026 at 02.30 p.m. (IST).4 Sep 2026 · AGM/EGM / AGM
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed disclosure.3 Sep 2026 · Company Update / Change in Management
Please find the enclosed Press Release pertaining to the Joint Venture Agreement between Avalon Technologies Limited and Zollner Elektronik AG.3 Sep 2026 · Company Update / Press Release / Media Release
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed disclosure on Joint Venture.3 Sep 2026 · Company Update / Joint Venture
Please find the enclosed Outcome of the Board Meeting held on September 03, 2026.3 Sep 2026 · Others / Outcome without intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed disclosure on grant of ESOPs.2 Sep 2026 · Company Update / General
We hereby inform that the Nomination and Remuneration Committee, through Circular Resolution, approved the allotment of 70,545 equity shares under the "Avalon ESOP Scheme 2022" on August 29, 202629 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that India Ratings and Research has affirmed and withdrawn the ....19 Aug 2026 · Company Update / Credit Rating
Please find the enclosed Investor Meet Intimation for the meeting to be held on August 18, 2026.12 Aug 2026 · Company Update / Analyst / Investor Meet
Please find the enclosed Earnings Call Transcript for the Quarter Ended June 30, 2026.11 Aug 2026 · Company Update / Earnings Call Transcript
Please find the enclosed weblink of Audio Recording of the Earnings Call for the Quarter Ended June 30, 2026.5 Aug 2026 · Company Update / Analyst / Investor Meet
Please find the enclosed Investor Presentation for the Quarter Ended June 30, 2026.4 Aug 2026 · Company Update / Investor Presentation
Please find the enclosed Press Release for the Quarter Ended June 30,2026.4 Aug 2026 · Company Update / Press Release / Media Release
Please find the enclosed Financial Results for the Quarter Ended June 30, 2026.4 Aug 2026 · Result / Financial Results
Please find the enclosed Outcome of Board Meeting for the meeting held on August 04, 2026.4 Aug 2026 · Company Update / General
Please find the enclosed Outcome of the Board Meeting held on August 04, 2026.4 Aug 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed Earnings Call Intimation for the Quarter Ended June 30, 2026.28 Jul 2026 · Company Update / Analyst / Investor Meet

Board meetings

12 Nov 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results