Financials Avantel Limited

Equities

AVANTEL6

INE005B01027

Communications & Networking

Market Closed - Bombay S.E. 06:29:57 2024-05-31 am EDT 5-day change 1st Jan Change
121.8 INR +0.21% Intraday chart for Avantel Limited +5.73% +8.03%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 913.7 670 1,534 4,147 6,549 24,084
Enterprise Value (EV) 1 813.7 625 1,136 4,292 6,841 24,220
P/E ratio 9.61 x 6.23 x 10 x 23.1 x 24.4 x 46.3 x
Yield 2.22% 2.42% 1.06% 0.39% 0.25% 0.2%
Capitalization / Revenue 1.81 x 1.29 x 1.97 x 3.95 x 4.24 x 10.7 x
EV / Revenue 1.61 x 1.2 x 1.46 x 4.09 x 4.43 x 10.8 x
EV / EBITDA 5.79 x 4.18 x 5.22 x 16.4 x 14.6 x 29.8 x
EV / FCF 96.6 x -59.1 x 3.26 x -7.32 x -37.2 x 177 x
FCF Yield 1.04% -1.69% 30.7% -13.7% -2.69% 0.56%
Price to Book 2.12 x 1.3 x 2.32 x 5.03 x 6.09 x 14.7 x
Nbr of stocks (in thousands) 243,270 243,270 243,270 243,270 243,270 243,273
Reference price 2 3.756 2.754 6.305 17.05 26.92 99.00
Announcement Date 6/13/19 6/1/20 5/14/21 5/7/22 5/30/23 5/8/24
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024
Net sales 1 505.1 519.2 777 1,050 1,545 2,244
EBITDA 1 140.5 149.7 217.6 262.2 468.2 811.8
EBIT 1 120 126.7 191.4 226.1 410.5 743
Operating Margin 23.77% 24.4% 24.64% 21.54% 26.58% 33.11%
Earnings before Tax (EBT) 1 123.4 130.1 185 224.7 366.7 715.4
Net income 1 95.08 107.6 153.3 179.8 268.4 525.5
Net margin 18.82% 20.72% 19.74% 17.13% 17.38% 23.42%
EPS 2 0.3908 0.4422 0.6303 0.7390 1.103 2.140
Free Cash Flow 1 8.423 -10.58 348.7 -586.2 -184 136.5
FCF margin 1.67% -2.04% 44.88% -55.86% -11.91% 6.08%
FCF Conversion (EBITDA) 5.99% - 160.25% - - 16.81%
FCF Conversion (Net income) 8.86% - 227.43% - - 25.97%
Dividend per Share 2 0.0833 0.0667 0.0667 0.0667 0.0667 0.2000
Announcement Date 6/13/19 6/1/20 5/14/21 5/7/22 5/30/23 5/8/24
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - 145 292 136
Net Cash position 1 99.9 45 398 - - -
Leverage (Debt/EBITDA) - - - 0.5514 x 0.6247 x 0.1676 x
Free Cash Flow 1 8.42 -10.6 349 -586 -184 136
ROE (net income / shareholders' equity) 23.8% 22.7% 26% 24.2% 28.3% 38.7%
ROA (Net income/ Total Assets) 16.6% 13.9% 15.6% 14.4% 19.9% 25.4%
Assets 1 572.3 775.5 984.5 1,245 1,352 2,067
Book Value Per Share 2 1.770 2.120 2.720 3.390 4.420 6.750
Cash Flow per Share 2 0.0100 0.0200 0.0300 0.0200 0.0100 0.0500
Capex 1 16.9 18.2 56.8 209 119 316
Capex / Sales 3.34% 3.5% 7.31% 19.96% 7.7% 14.09%
Announcement Date 6/13/19 6/1/20 5/14/21 5/7/22 5/30/23 5/8/24
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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