Financials Avantel Limited

Equities

AVANTEL6

INE005B01027

Communications & Networking

Market Closed - Bombay S.E. 06:28:56 2024-04-26 am EDT 5-day change 1st Jan Change
117.9 INR +5.69% Intraday chart for Avantel Limited +6.02% +4.65%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 2,068 913.7 670 1,534 4,147 6,549
Enterprise Value (EV) 1 1,959 813.7 625 1,136 4,292 6,841
P/E ratio 12 x 9.61 x 6.23 x 10 x 23.1 x 24.4 x
Yield 0.78% 2.22% 2.42% 1.06% 0.39% 0.25%
Capitalization / Revenue 3.99 x 1.81 x 1.29 x 1.97 x 3.95 x 4.24 x
EV / Revenue 3.78 x 1.61 x 1.2 x 1.46 x 4.09 x 4.43 x
EV / EBITDA 17.2 x 5.79 x 4.18 x 5.22 x 16.4 x 14.6 x
EV / FCF 28.7 x 96.6 x -59.1 x 3.26 x -7.32 x -37.2 x
FCF Yield 3.49% 1.04% -1.69% 30.7% -13.7% -2.69%
Price to Book 5.6 x 2.12 x 1.3 x 2.32 x 5.03 x 6.09 x
Nbr of stocks (in thousands) 243,270 243,270 243,270 243,270 243,270 243,270
Reference price 2 8.501 3.756 2.754 6.305 17.05 26.92
Announcement Date 7/4/18 6/13/19 6/1/20 5/14/21 5/7/22 5/30/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 518.3 505.1 519.2 777 1,050 1,545
EBITDA 1 113.7 140.5 149.7 217.6 262.2 468.2
EBIT 1 97.35 120 126.7 191.4 226.1 410.5
Operating Margin 18.78% 23.77% 24.4% 24.64% 21.54% 26.58%
Earnings before Tax (EBT) 1 241.9 123.4 130.1 185 224.7 366.7
Net income 1 173 95.08 107.6 153.3 179.8 268.4
Net margin 33.39% 18.82% 20.72% 19.74% 17.13% 17.38%
EPS 2 0.7113 0.3908 0.4422 0.6303 0.7390 1.103
Free Cash Flow 1 68.35 8.423 -10.58 348.7 -586.2 -184
FCF margin 13.19% 1.67% -2.04% 44.88% -55.86% -11.91%
FCF Conversion (EBITDA) 60.11% 5.99% - 160.25% - -
FCF Conversion (Net income) 39.5% 8.86% - 227.43% - -
Dividend per Share 2 0.0667 0.0833 0.0667 0.0667 0.0667 0.0667
Announcement Date 7/4/18 6/13/19 6/1/20 5/14/21 5/7/22 5/30/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 145 292
Net Cash position 1 109 99.9 45 398 - -
Leverage (Debt/EBITDA) - - - - 0.5514 x 0.6247 x
Free Cash Flow 1 68.4 8.42 -10.6 349 -586 -184
ROE (net income / shareholders' equity) 60.1% 23.8% 22.7% 26% 24.2% 28.3%
ROA (Net income/ Total Assets) 15.8% 16.6% 13.9% 15.6% 14.4% 19.9%
Assets 1 1,093 572.3 775.5 984.5 1,245 1,352
Book Value Per Share 2 1.520 1.770 2.120 2.720 3.390 4.420
Cash Flow per Share 2 0.0200 0.0100 0.0200 0.0300 0.0200 0.0100
Capex 1 31.9 16.9 18.2 56.8 209 119
Capex / Sales 6.16% 3.34% 3.5% 7.31% 19.96% 7.7%
Announcement Date 7/4/18 6/13/19 6/1/20 5/14/21 5/7/22 5/30/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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