Synopsis: The shares of this small-cap aerospace company are in focus today after the company received an order worth Rs 8 crore from Bharat Electronics Ltd.
This company, which is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics and radar systems, had its shares in the spotlight today following the announcement of bagging an order from BEL worth Rs 8 crore.
With the market cap of Rs 4,011 crore, the shares of Avantel Ltd are trading around the price of Rs 149. The shares are trading at a PE of 118, whereas their industry PE is 65.8, and are trading at a 30% discount from their 52-week high price of Rs 215
About the order.
Avantel Limited has received a new Rs 8.03 crore order from Bharat Electronics Limited (BEL) for supplying power amplifiers, marking another strong win in its defence-focused manufacturing portfolio. The order was confirmed on November 22, 2025, and must be completed by March 2026, backed by a 5% performance bank guarantee. Since the work is fully domestic and manufacturing-driven, it fits squarely within Avantel’s core strengths.
This order also reflects BEL’s continued trust in Avantel’s engineering capabilities and reliable delivery record. Beyond adding to the company’s revenue pipeline, it reinforces Avantel’s position as a dependable partner in India’s strategic electronics supply chain, further strengthening its long-term growth momentum.
Financials and others
The revenue from operations for the company is Rs 55.42 crore in Q2 FY26 versus Rs 77.42 crore in Q2 FY25, which is a fall of about 28 per cent on a YoY basis. Similarly, there has been a fall in net profit of about 81 per cent when we compare the Q2 FY25 profit of Rs 22.9 crore with the Q2 FY26 profit of Rs 4.27 crore.
Avantel is a homegrown defence communication company that builds the critical technology used across India’s strategic platforms. It develops RF microwave systems, digital radios and satellite communication equipment, along with the software that makes these systems work seamlessly. Its solutions support communication for ships, submarines, aircraft and helicopters, making it an important partner for India’s armed forces.
The company also works on Satcom, HF systems, SDRs and wind profiler radars and is now expanding into antenna and connector manufacturing to strengthen its role in defence and aerospace. Overall, Avantel is steadily growing as a key player in India’s indigenous defence technology ecosystem.
The company’s outlook looks encouraging, supported by a healthy Rs 210 crore order book that gives it good near-term visibility. Management is confident about the year ahead and expects at least Rs 200 crore in fresh orders during FY26, showing strong demand across its key product lines. They’re also anticipating orders worth over Rs 100 crore in important areas like RTAs, SDRs and ground stations, which could meaningfully lift growth.
Looking a bit further ahead, the company expects its iDEX projects to start commercialising from FY27, opening the door to an additional stream of strategic orders. Altogether, the order pipeline reflects a business that is well-positioned for steady and sustainable expansion.
Written by Leon Mendonca.
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