Expansion of Indian naval fleet will result in lot of orders for fresh procurement as well as AMC for Avantel.
The policy is very clear that we are only going for Indian make in all defence procurements.
3 Likes
The space race is happening again and India is going to compete this time among top 5 nations.
New orders to Avantel from New Space.
A PIB press release by DoS on completion on year 2022 summarises the space sector.
Work on India’s Space Station to be Called Bharatiya Antariksha Station to commence by 2035
5 Likes
Hi Malhar, since you are tracking Avantel orders, it todays order announcement worth ~68 cr their biggest single order yet? Thanks
1 Like
No.
Last year’s 125 cr order to supply loco device for RITS was their biggest.
2 Likes
| Date of Announcement | Product | Client | Order Size (INR Cr) | Time Frame (To Be Executed By) | Link to exchange announcement | |||
|---|---|---|---|---|---|---|---|---|
| 03-Dec-23 | Supply, Installation and Commissioning of Satcom Terminals (Xponders) | NewSpace India Limited | 67.92 | Oct-24 | https://www.bseindia.com/xml-data/corpfiling/AttachLive/135e617c-fc64-42de-918e-9a6382a32433.pdf | |||
| 01-Nov-23 | Supply of 1 KW HF and SATCOM Equipment’s | Cochin Shipyard | 17.64 | 01-Oct-2026 to 30-Nov-2029 | https://www.bseindia.com/xml-data/corpfiling/AttachHis/f51ee5fe-d3a8-406d-978e-801f379a0989.pdf | |||
| 01-Nov-23 | ATE for Radar Equipment | Satish Dhawan Space Centre – SHAR, ISRO | 1.61 | 02-Jul-24 | https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4d0a73b-486f-473c-9404-c980d8c9777d.pdf | |||
| 06-Oct-23 | Supply of SATCOM Equipment | Material Organisation, Mumbai | 10.39 | 5 Oct, 24 | https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bf61d2a-fb0d-4a7b-8586-f4fc95450dc4.pdf | |||
| 13-Sep-23 | Supply of MSS TX – RX Terminals M-II | Material Organisation, Vishakhapatnam | 7.03 | 10-Sep-24 | https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec09ba3b-dce6-40d7-9e5a-132696209de1.pdf | |||
| 23-Aug-23 | Supply of PA Modules | Bharat Electronics | 13.3 | 23-Apr-24 | https://www.bseindia.com/xml-data/corpfiling/AttachHis/902cdc3f-eb0f-4904-80e7-256a5bb4f7e6.pdf | |||
| 13-Jul-23 | Supply, Installation and Commissioning of UHF SATCOM Systems | Mazagon Dock Shipbuilders | 4.24 | Jul-24 | https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7babfbd-0931-4d47-9b24-b39730bced3d.pdf | |||
| 10-Jun-23 | Satcom Terminals and Hub Stations | Ministry of Defence | 54.38 | Sep-24 | ||||
| 10-Mar-23 | Satcom | Indian Navy | 10.48 | 09-Mar-24 | ||||
| 24-Aug-22 | Satcom | Indian Navy | 11.28 | NA | ||||
| 21-Mar-22 | Satcom | Lockheed Martin | Approx 11.1 | NA | ||||
| 14-Mar-22 | RTIS (Locomotive Tracking) Phase 2 | Indian Railways | 125.68 | NA | ||||
| 18-Nov-21 | Satcom | Bharat Electronics | 9 | NA |
10 Likes
"We are pleased to inform that, the Company has received a Supply Order worth of
Rs.5.30 Crores vide mail dated January 18, 2024, from Naval Headquarters, Ministry of Defence. "
1 Like
Very Good Numbers by Avantel for Q3 FY24.
Revenue:
59.1 crores vs 38.67 (YoY) and vs 54.19 (QoQ)
Net Profit:
16.97 crores vs 7.54 (YoY and vs 16.70 (QoQ)
Link to the results: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8d96457-4f7d-41b7-93e3-ad95a3e67fea.pdf
2 Likes
Yes but what I don’t understand is Market opportunity - there are no figures about how large the market is and what is market share of Avantel in the same. The problem with these companies is that they get orders based revenues so if in some years they don’t get orders, they won’t get revenues
1 Like
Watch out small space satelites and radar space
This market is going to expand and companies like avantel if they get 150cr order , its more than sufficient for them to grow at decent rate
1 Like
As per industry estimates, the global space economy grew 8% to US$ 546 billion in 2022. It is expected to grow 41% over the next five years.
Yet, at US$ 8.4 bn, the Indian space economy is not even 2% of the global space economy.
I see the glass as half full rather than half empty.
India is slowly getting ahead of Western economies like the US and Russia and has been the first to successfully land on the moon’s south pole.
As per ISRO, by 2025, the Indian space economy could grow to US$ 50 bn, an almost six times gain.
THUS OPPORTUNITIES & MARKETS ARE SUFFICIENT FOR THE NEXT DECADE. COULD BE A TIME WHEN INDIVIDUALS OWN SATELLITES.
JUST INVEST AT RIGHT TIME AS TODAY AT THE RIGHT PRICE.
5 Likes
Looking at volumes post results, seems accumalation is going on, will be interesting to see next shareholding pattern
1 Like
The Company has received a Purchase Order worth of Rs.8.95 Crores vide mail dated January 29, 2024, from M/s. Hindustan Shipyard Limited.
6c283016-1e3a-4efd-bc9f-02e75c75aa16.pdf (514.5 KB)
2 Likes
Promoter and MD continues to trim his holding.
| Person | Quantity | Avg Price | Value in Rs. Lacs |
|---|---|---|---|
| Feb 2024 | |||
| Vidyasagar Abburi | |||
| Promoter & Director | -78,776 | 114.73 | 90.38 |
source: BSE | Inside Trading Disclosures
4 Likes
Avantel Receives another order from Garden Reach Shipbuilders worth 5.48 Crore
c4d27caf-c9fc-45a0-bab1-50abee78380a.pdf (541.5 KB)
2 Likes
AVANTEL received an order from LARSEN & TOUBRO worth 7.2 crores
1 Like
AVANTEL RECEIVED A second ORDER today. It is FROM MATERIAL ORGANISATION, VISHAKAPATANAM WORTH 4.24 CRORES
1 Like
Any comments on Avantel’s results? At first glance they look very disappointing. Sales down to 41 crore from 52 crore last year QoQ whereas the years previous three quarters did upwards of 50 easily. Out of these also, 17 crore is inventory of previous quarter which got executed I guess this quarter.
2 Likes
they seem to be good, yoy growth of 26% in PAT and OPM growing 8%+, my sense is we are obsessed with all companies needing to grow yoy and qoq in sales, profit, OPM etc.
We also tend to equate the stock performance with the results.
The company had guided Rs 200 crs sales in the AGM and they managed to show 225 Crs. For FY they grew revenue by 45% and PAT by 95%. For a company of this size they seemed to have done pretty well in my view.
They mentioned in AGM that they will be eligible for NSE listing in June 2024 and they will apply immediately. They have stated in the earnings filings that they intend to apply for NSEListing in June. Management does what is says.
Am holding this stock so may be biased.
6 Likes
- Revenue and Profitability: The total revenue is ₹4222.19 lakh, compared to ₹5968.38 lakh in the previous quarter and ₹5262.00 lakh for the same quarter the previous year. The net profit for this period was ₹1215.25 lakh, reflecting a decrease from ₹1632.11 lakh in the previous quarter .
- Earnings Per Share (EPS): The basic EPS for the quarter was ₹0.50, which is lower compared to ₹0.67 in the previous quarter .
- Expenses: Total expenses for the quarter were ₹2636.99 lakh, with significant expenses in cost of materials consumed and employee benefits. This is an increase from the previous quarter’s expenses of ₹3758.90 lakh .
- Segment Performance: The company operates primarily in communications and signal processing products, which generated a revenue of ₹4217.18 lakh for the quarter. The healthcare segment reported significantly lower revenue of ₹5.00 lakh .
- Financial Position: The company’s total assets as of March 31, 2024, stood at ₹21584.54 lakh, with segment assets mainly held in communications and signal processing products .
- Cash Flow: The net cash inflow from operating activities was significant, amounting to ₹6829.74 lakh for the year, which is a substantial increase from the previous year’s ₹444.90 lakh. However, there was a net cash outflow from investing activities amounting to ₹4549.41 lakh .
https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e5fdecb-2d76-42ec-bda3-2d95c98b0201.pdf
3 Likes
Cost of materials is 19 Cr and change in inventories is -17 Cr. How? So they had only 2 Cr cost of material expenses? After all out of 19 Cr, 17 Cr would go into inventory. Help me make sense out of this