Avalon Technologies Limited is a prominent, fully integrated Electronic Manufacturing Services (EMS) company in India, renowned for its end-to-end capabilities in delivering high-value, precision-engineered box-build solutions. Established as 'Avalon Technologies Private Limited' in Chennai on November 3, 1999, it transitioned to a public company and was renamed Avalon Technologies Limited on July 29, 2022.
The company commenced its journey in 1999 as a specialized Printed Circuit Board (PCB) assembler in Chennai. Over time, it achieved vertical integration, expanding its offerings to include PCB assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, injection molded plastics, and magnetic components, culminating in comprehensive end-to-end box-build solutions. Avalon Technologies is recognized as a leader in the Indian EMS sector, with a strategic focus on high-value, precision-engineered products.
Avalon Technologies offers a complete suite of products and solutions, catering to global Original Equipment Manufacturers (OEMs) across the United States, China, Netherlands, and Japan. Their capabilities span from Printed Circuit Board (PCB) design and assembly to the manufacturing of complete electronic systems (Box Build). Additional services include cable assembly and wire harnesses, sheet metal fabrication, machining, magnetics, and injection molded plastics.
The company boasts an extensive manufacturing infrastructure with 12 units strategically located in the US and India. This network comprises 65 production lines, including 10 SMT lines, 12 THT lines, and 43 assembly lines. Dedicated lines for sheet metal fabrication, machining, cable assembly and wire harnesses, magnetics, and plastics further solidify its position as a comprehensive solutions provider in the EMS sector.
Q4 FY25 Results (March 2025):
- Net profit saw a significant surge of 243.91% to ₹24.28 crore, compared to ₹7.06 crore in the corresponding quarter of the previous year.
- Sales increased by 58.11% to ₹342.79 crore, up from ₹216.81 crore in Q4 FY24.
- EBITDA climbed by 140% to ₹41.4 crore, an improvement from ₹17 crore in Q4 FY24.
Full Year FY25 Performance:
- Net profit grew by 126.65% to ₹63.44 crore, compared to ₹27.99 crore in FY24.
- Sales rose by 26.63% to ₹1098.13 crore, from ₹867.17 crore in FY24.
Q3 FY25 Results (December 2024):
- Consolidated net profit surged by 265.1% to ₹23.99 crore, from ₹6.57 crore in Q3 FY24.
- Revenue from operations jumped by 31.1% to ₹280.85 crore for the quarter ended December 31, 2024.
The company's order book experienced a notable year-on-year increase of 29% in Q4, reaching ₹1761 crore against ₹1366 crore in the March 2024 quarter. Avalon Technologies also demonstrated improved efficiency in its working capital management, with a net working capital improvement of 37 days, moving from 161 days in March 2024 to 124 days in March 2025.
- Market Capitalization: ₹5,676 crore (as of July 2025, with a 59.0% increase in 1 year)
- P/E Ratio: 90.6
- Book Value: ₹92.4
- Promoter Holding: 50.6%
Key Financial Ratios (FY25):
- Revenue: ₹1,098 crore
- Net Profit: ₹63.4 crore
- ROE: 11.0%
- ROCE: 13.4%
The management has projected an optimistic revenue growth of 18-20% for the fiscal year 2025-26, with stronger performance anticipated in the latter half of the financial year. Avalon's Indian manufacturing operations, which constitute 87% of its revenue, demonstrated robust profitability with 14.2% EBITDA and 9.5% PAT in FY25.
Avalon Technologies holds a strong position as one of India's leading fully integrated Electronic Manufacturing Services (EMS) companies. Its comprehensive end-to-end operations, particularly in delivering box-build solutions within India, and its focus on high-value precision-engineered products, are key differentiators. The company's unique global delivery model enables it to provide a complete product and solution suite, from PCB design and assembly to the final end-to-end box build of electronic systems.
Over the past six months, Avalon Technologies' share price has seen a decrease of 14.11%. However, on a yearly basis, the stock has shown a significant increase of 54.87%. The 52-week low for the Avalon Technologies share price was recorded at ₹425, while the 52-week high reached ₹1073.75.
The stock is actively traded on both the NSE and BSE exchanges under the ticker symbol 'AVALON'. It is also a component of several key indices, including BSE SmallCap, BSE Allcap, BSE Industrials, and Nifty Microcap 250.
