On Friday the stock price of the small-cap company rose by 1.7% to its intraday high of ₹123.5 per share from its previous close of ₹121.4 after the company received orders worth ₹5.3 crores from the Ministry of Defence.
As per the exchange filing, the Ministry of Defence’s Naval Headquarters has placed an order with Avantel Ltd for ₹5.3 crores to develop and manufacture Satcom Baseband equipment (LDPC) for Cband Hub, with a deadline of November 2024.
Avantel Ltd is a small-cap company with a market capitalization of ₹1,700 crores, The company has a low debt-to-equity ratio of 0.15, a return-on-equity ratio of 30%, a return on capital employed of 37%, and a net profit margin of 19%.
The share price of Avantel Ltd has risen by 108% in the last six months and 336% in the last year, for instance, if an investor invested ₹1 Lakh a year ago the current value of the investment would be ₹4.36 Lakhs.
According to their shareholding pattern, the Promoters of the company own 40.10%, while the general public owns 59.90%.
Avantel Limited is in the business of designing, developing, and maintaining wireless and satellite communication products, defense electronics, radar systems, and network management software applications for customers primarily in the aerospace and defense sectors.
Written by Sriram KV
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