Avalon Technologies Ltd. is one of the leading companies in the electronic manufacturing business. Avalon is a micro-cap company so, the risk and reward in micro-cap companies have always been high for years. If you are also interested in the stock or industry then you should also check Avalon Technologies share price target for 2024, 2025, and 2026.
Investing in micro-cap stocks is a little bit risky but if you are right about your analysis then there is a very high chance that the stock can give you a massive profit. Expecting a 20% to 30% return from the micro-cap stocks in the short term is common.
Also Read:
- HDFC Bank Share Price Target 2024, 2025, and 2026
- Jio Financial Services Share Price Target 2024, 2025, and 2026
- Tata Elxsi Share Price Target 2024, 2025, and 2026
About Company
Avalon Technologies Limited company was founded in 1999. Its current chairman & managing director is Mr. Kunhamed Bicha, and the non-executive directors are Mr. Sareday Seshu Kumar, Luquman Veedu Ediyanam, and Bhaskar Srinivasan. The independent director is Byas Unnikrishnan Nambisan.
Avalon Technologies Ltd is involved in the electronic – components industry and it is one of the leading companies in the industry. By the market cap, the company is in the top 5 companies in the industry.
The Company is involved in many businesses that are as follows-
- Transformers
- Cable Assembly
- Cable Wire Harness
- Sheet/Metals Metal Fabrication
- Electronic System Integration/Box Build
- PCB (printed circuit board) Design and Assembly
- and many more products and services the company provides in India and outside India too.
Avalon Tech Stock Overview
- Current Market Price: Rs. 512.95 (24 Feb 2024 after market closing)
- Market Cap: Rs. 3,366 Crore (24 Feb 2024 after market closing)
- 52-week high: Rs. 732.10
- 52-week low: Rs. 348.00
Company/Stock Scrip Info
| NSE | AVALON |
| BSE | 543896 |
| ISIN | INE0LCL01028 |
| SECTOR | Electronics – Components |
Note: Below shared company’s financials, shareholding pattern, fundamentals, etc. were updated on 24 Feb 2024. Kindly check the latest information/data on any trusted screener like MoneyControl, Screener.in, etc.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | NA |
| March 2020 | ₹12.33 |
| March 2021 | ₹23.08 |
| March 2022 | ₹67.46 |
| March 2023 | ₹52.50 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹5.73 |
| Mar 2023 | ₹22.71 |
| Jun 2023 | ₹7.07 |
| Sep 2023 | ₹7.28 |
| Dec 2023 | ₹6.58 |
Cash Flow
| Cash Flow From | March 2022 | March 2023 |
|---|---|---|
| Operating Activities | -12 | -18 |
| Investing Activties | -5 | -15 |
| Financing Activities | -1 | 448 |
| Others | 0 | 0 |
| Net Cash Flow | -19 | 414 |
Fundamentals
| Market Cap | ₹2,313Cr | ROE | 19.48% |
| P/E Ratio (TTM) | 28.63 | EPS (TTM) | 19.67 |
| P/B Ratio | 2.46 | Div Yield | 0.07% |
| Industry P/E | 39.94 | Book Value | 228.87 |
| Debt to Equity | 0.88 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 12.47% | 9.23% | 5.70% |
| DIIs | 16.58% | 16.28% | 17.07% |
| Public | 19.71% | 23.39% | 26.27% |
| Promoters | 51.24% | 51.09% | 50.98% |
| Other Holders | NA | NA | NA |
Insider Transaction Summary (Last 5 Trans.)
| Date | Designated Person | Price | Quantity | Action |
|---|---|---|---|---|
| 02 Jan, 2024 | Narasimman J | 553.18 | 2,412 | Disposal – Market Sale |
| 22 Dec, 2023 | Senthur K | 534.47 | 1,001 | Disposal – Market Sale |
| 22 Dec, 2023 | Senthur K | 549.86 | 4,001 | Disposal – Market Sale |
| 12 Dec, 2023 | Savitha Ganjigatti | 564.53 | 9,000 | Disposal – Market Sale |
| 12 Dec, 2023 | Savitha Ganjigatti | 509.38 | 7,537 | Disposal – Market Sale |
Key Points
- Low debt on the company.
- The company is making profits continually
- The company’s stock is in the consolidation phase
- DIIs Increased their holdings in the Dec 2023 quarter from 16.28% to 17.07%.
- FIIs decreased their holdings in the Dec 2023 quarter from 9.23% to 5.70%.
- Promoters decreased their holdings in the Dec 2023 quarter from 51.09% to 50.98%.
- Mutual Funds increased their holdings in the Dec 2023 quarter from 14.60% to 16.65%.
Quarterly Result (Dec 2023 Quarter)
Net Profit: In the December 2023 Quarter the company showed a net profit of Rs. 6.58 Crore. In September 2023 the company showed a net profit of Rs. 7.28 Crore.
Net Sales: In the September 2023 Quarter the net sales of the company were 200.99 and in the December Quarter of 2023 the net sales were 214.27.
Avalon Tech Share Price Target
Avalon Technologies Limited stock was listed in the NSE and BSE in April 2023. After listing and minor profit booking, that stock was given a massive breakout and jumped up by more than 100% from the lasting price in just a few weeks.
Below we will share Avalon Technologies’ share price target for 2024, 2025, and 2026 based on the various factors and we will also share the recommendation from the top investors or brokers.
Disclaimer: We are not SEBI registered and the below-given share target price by brokerage firms, analysts (share price forecast), and analysis by us is only for educational purposes, not any buying or selling recommendation. We will be not responsible for any profit and loss.
Avalon Technologies Share Price Forcast
Avalon Technologies’ share price forecast is based on the ratings given by the 9 analysts in the last 3 months. You should not trade based on it because of time, situation, stock news, and the ratings charges.
According to the share forecast, the stock can reach Rs. 662 in 1 year. As of 24 Feb 2024, the stock is trading at Rs. 512.95 (after market closing). So, it can give a return of nearly 29% to 30% in 1 year.
Broker Research (Target)
Motilal Oswal is also bullish on the Avalon Technologies Ltd stock and has given Avalon Technologies’ share price target for 2024. As of now, the trade is going in the favor.
On 09 Nov 2023, Motilal Oswal was given a buy signal where the buying price for the stock was near Rs. 487 with a target of Rs. 680. As of now, the stock is trading above the buying price by more than 7%.
After giving the target the stock made a high of Rs. 576 which is approximately 19% to 20% from the buying level. As of now, the stock is trading at Rs. 512.95 and seems bullish, and most probably it will go up from this level.
There is no SL for the trade but we strongly recommend you keep a stoploss based on technicals. Stoploss will play a major role in cutting your loss when the trade is going against the given target.
Note: This is not any buying recommendation from us or Motilal Oswal. It is just a research down and shared by Motilal Oswal. Please do your research before buying.
Avalon Technologies share price target 2024
Based on the technicals the MA Crossovers (5 & 10 DMA crossover) suggest that the stock is bullish in the short term. Not only technical but price action is also looking bullish and in the next few days, we can see the stock going up.
Based on Fibonacci below are a few support and resistance of the stock. It will help you to analyze the stock by price action.
In the short term, according to the price action and technicals the stock can go up. In the next few weeks, we can see a good move in the stock as the stock price forecast is also bullish on the stock.
Avalon Technologies share price target 2025
For the medium term like 1 to 2 years, the stock is bearish according to 20 & 50 DMA crossover. Not only technicals but there is a high chance the stock can fall in the next 1 to 2 years.
For the medium to long term, the financials of any company should be strong and improving. Here are the key points that suggest that the stock is bearish for the long term based on the financials, industry comparison, etc.
- The profit margin of the company is not stable and it is not above the industry median.
- The company does not make cash from its operations.
- There is a weakness in the recent earnings of the company and its earning is also not increasing over the years.
Avalon Technologies share price target 2026
50 & 200 DMA Crossover suggesting that the stock is bearish for the long term too. It is because the earnings and fundamentals of the company are not good. In the long term, any stock can be bullish when the company’s sector is trending and the company is also outperforming other companies in the same sector or industry.
However, in the case of Avalon Technologies Ltd Company, these factors are not in its favor. That’s why the stock is bearish for the long term.
It does not mean the stock will not give any return or negative return in the next 2 to 3 years. The company’s stock is bearish based on the current earnings and fundamentals. If the earnings and fundamentals improve then the stock can give good profits.
So, the rating for the long term will become bullish from bearish. So, you can keep the stock on your radar or watchlist to track the stock.
FAQs
As of now, the stock is good for the short term but for the medium term and long term, the stock is bearish for the investing purpose.
For the short term, the technical is bullish and the Motilal Oswal is also bullish on the stock and given a target of Rs. 680 for the short term.
So, if you are looking at the short-term view then the stock is bullish but for the long-term view, the stock is bearish.
As we already shared earlier the short-term sentiments suggest the stock is bullish in the short term. There are two targets for Avalon’s share price for 2024. One target is from Motilal Oswal and the second is based on the stock price forecast.
Target 1: Motilal Oswal has given an Avalon Technologies target for 2024 is Rs. 680.
Target 2: 1-year share price target is Rs. 591 based on the share price forecast.
No, as of now the stock is not good for medium to long-term investing because the earnings of the company are not increasing early, earnings are not above the industry median, promoters decreasing shareholding, and many more reasons to not invest in the stock for the long term.
Final Words: Avalon Technologies Limited is a micro-cap company and one of the leading companies in the electronic – components industry. If you want to invest in the stock for the short to long term then you should check the Avalon Technologies share price target for 2024, 2025, and 2026 where we shared insight based on the fundamentals and technicals. It will help you to analyze the company for the investing purpose.