Investors are constantly on the search for profitable stocks with a bright future in the fast-paced world of the stock markets. One such business that has attracted investors’ attention is Avantel Ltd, a major provider of telecom infrastructure in India. Investors have been debating Avantel’s share price goal for the years 2024 to 2030 due to its steady rise in revenue and earnings.
This article will examine the financial performance of Avantel over the previous five years and assess its growth potential. We will also respond to the frequently asked question, “Is Avantel Ltd. a good stock to buy?” So, let’s delve in and see what the future holds for the share price objective for Avantel.
Below are the trading platforms that you can use to purchase Avantel shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 130.68 | 113.63 |
| February 2024 | 133.35 | 115.95 |
| March 2024 | 136.07 | 118.32 |
| April 2024 | 132.11 | 114.87 |
| May 2024 | 130.15 | 113.18 |
| June 2024 | 134.84 | 117.25 |
| July 2024 | 133.49 | 116.08 |
| August 2024 | 138.83 | 120.72 |
| September 2024 | 144.38 | 125.55 |
| October 2024 | 141.55 | 123.09 |
| November 2024 | 145.80 | 126.78 |
| December 2024 | 149.44 | 129.95 |
Avantel’s stock is anticipated to experience fluctuations in 2024, with a projected price range between ₹113.18 and ₹149.44 throughout the year. As of January 18, 2024, the current stock price stands at ₹121, showcasing a market cap of ₹2,953 Cr. The stock’s performance is reflected in its high/low range of ₹136/24.2 and a P/E ratio of 67.9. Additionally, the company boasts robust financial indicators, including a 37.1% ROCE, a 30.7% ROE, and a face value of ₹2.00.
| When | Maximum Price | Minimum Price |
| January 2025 | 152.43 | 117.26 |
| February 2025 | 156.34 | 120.26 |
| March 2025 | 162.44 | 124.95 |
| April 2025 | 159.25 | 122.50 |
| May 2025 | 154.61 | 118.93 |
| June 2025 | 161.57 | 124.29 |
| July 2025 | 158.40 | 121.85 |
| August 2025 | 163.30 | 125.62 |
| September 2025 | 169.02 | 130.01 |
| October 2025 | 173.41 | 133.39 |
| November 2025 | 177.75 | 136.73 |
| December 2025 | 182.19 | 140.15 |
Avantel’s share price is predicted to witness growth in 2025, with projected fluctuations between ₹117.26 and ₹182.19 throughout the year. These estimates suggest a positive trend in the company’s performance, indicating potential value appreciation for investors over the course of the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 187.66 | 144.35 |
| February 2026 | 192.47 | 148.05 |
| March 2026 | 199.98 | 153.83 |
| April 2026 | 196.05 | 150.81 |
| May 2026 | 190.34 | 146.42 |
| June 2026 | 198.91 | 153.01 |
| July 2026 | 195.01 | 150.01 |
| August 2026 | 201.04 | 154.65 |
| September 2026 | 208.08 | 160.06 |
| October 2026 | 213.49 | 164.22 |
| November 2026 | 218.82 | 168.33 |
| December 2026 | 224.30 | 172.53 |
In 2026, Avantel’s share price is poised for further growth, with the forecasted range oscillating between ₹144.35 and ₹224.30 throughout the year. These projections indicate a positive trajectory, suggesting continued potential for value appreciation and favorable returns for investors.
| When | Maximum Price | Minimum Price |
| January 2027 | 228.78 | 175.99 |
| February 2027 | 234.65 | 180.50 |
| March 2027 | 243.80 | 187.54 |
| April 2027 | 239.02 | 183.86 |
| May 2027 | 232.06 | 178.51 |
| June 2027 | 242.50 | 186.54 |
| July 2027 | 237.74 | 182.88 |
| August 2027 | 245.10 | 188.54 |
| September 2027 | 253.68 | 195.14 |
| October 2027 | 260.27 | 200.21 |
| November 2027 | 266.78 | 205.21 |
| December 2027 | 273.45 | 210.34 |
| When | Maximum Price | Minimum Price |
| January 2028 | 278.92 | 214.55 |
| February 2028 | 286.07 | 220.05 |
| March 2028 | 297.22 | 228.63 |
| April 2028 | 291.40 | 224.15 |
| May 2028 | 282.91 | 217.62 |
| June 2028 | 295.64 | 227.42 |
| July 2028 | 289.84 | 222.96 |
| August 2028 | 298.81 | 229.85 |
| September 2028 | 309.27 | 237.90 |
| October 2028 | 317.31 | 244.08 |
| November 2028 | 325.24 | 250.18 |
| December 2028 | 333.37 | 256.44 |
| When | Maximum Price | Minimum Price |
| January 2029 | 340.04 | 261.57 |
| February 2029 | 348.76 | 268.27 |
| March 2029 | 362.36 | 278.74 |
| April 2029 | 355.25 | 273.27 |
| May 2029 | 344.91 | 265.31 |
| June 2029 | 360.43 | 277.25 |
| July 2029 | 353.36 | 271.82 |
| August 2029 | 364.29 | 280.22 |
| September 2029 | 377.04 | 290.03 |
| October 2029 | 386.84 | 297.57 |
| November 2029 | 396.51 | 305.01 |
| December 2029 | 406.43 | 312.64 |
| When | Maximum Price | Minimum Price |
| January 2030 | 414.55 | 318.89 |
| February 2030 | 425.18 | 327.06 |
| March 2030 | 441.77 | 339.82 |
| April 2030 | 433.10 | 333.16 |
| May 2030 | 420.49 | 323.45 |
| June 2030 | 439.41 | 338.01 |
| July 2030 | 430.80 | 331.38 |
| August 2030 | 444.12 | 341.63 |
| September 2030 | 459.66 | 353.59 |
| October 2030 | 471.61 | 362.78 |
| November 2030 | 483.40 | 371.85 |
| December 2030 | 495.49 | 381.15 |
Financial Condition of Avantel: Last 5 years
| Financial Metrics | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 51 | 52 | 78 | 105 | 154 |
| Expenses (Rs. Crores) | 36 | 37 | 56 | 77 | 105 |
| Operating Profit (Rs. Crores) | 14 | 15 | 22 | 28 | 49 |
| Other Income (Rs. Crores) | 1 | 1 | 1 | 1 | 0 |
| Interest (Rs. Crores) | 1 | 1 | 2 | 2 | 5 |
| Depreciation (Rs. Crores) | 2 | 3 | 3 | 4 | 6 |
| Profit before Tax (Rs. Crores) | 12 | 13 | 18 | 24 | 40 |
| Net Profit (Rs. Crores) | 10 | 11 | 15 | 19 | 30 |
| Earnings Per Share (EPS) (Rs.) | 1.18 | 1.33 | 1.89 | 2.36 | 3.70 |
| Dividend Payout (%) | 21% | 15% | 11% | 8% | 5% |
Avantel’s financial performance over the last five years has displayed positive trends and financial strength. The company’s Sales (revenue) grew consistently from Rs. 51 crore in March 2019 to an impressive Rs. 154 crore in March 2023. This signifies that Avantel has been successful in expanding its market presence and increasing its business activities.
The Operating Profit, which is the profit derived from the company’s core operations, also saw steady growth. It climbed from Rs. 14 crore in 2019 to a robust Rs. 49 crore in 2023, indicating efficient management and profitability in its primary business.
Avantel’s Net Profit, the amount left after all expenses, was Rs. 30 crores in March 2023, showcasing a consistent upward trajectory. This growth translated into a higher Earnings Per Share (EPS) of Rs. 3.70, indicating enhanced earnings for shareholders.
The company’s decreasing Dividend Payout percentage suggests that it’s retaining more earnings for future investments and expansion, which can be a sign of a company’s confidence in its growth prospects.
In summary, Avantel’s financial health has strengthened over the last five years, with notable improvements in revenue, profit, and earnings per share, all while maintaining a disciplined approach to dividends. These trends indicate that the company is on a path of growth and financial stability.
FAQS
What has been Avantel’s financial performance in the past few years?
Avantel has seen steady growth in its revenue and profits over the past five years, with a significant increase in sales from 51.70 in March 2018 to 154.27 in March 2023.
Based on the company’s growth trajectory, analysts predict that Avantel’s share price target could reach up to 500 INR by 2030.
What factors contribute to Avantel’s potential growth?
Avantel has a strong focus on innovation, with a portfolio of cutting-edge products and services. Additionally, the increasing demand for wireless communication solutions and the government’s push for digitalization in India also contribute to Avantel’s growth potential.
Is Avantel a good company to invest in?
As with any investment, there are risks involved. However, Avantel’s strong financial performance and potential growth make it an attractive investment opportunity for those looking to invest in the telecommunications industry.
What is Avantel’s operating profit margin (OPM)?
Avantel’s OPM has seen a steady increase over the past five years, reaching 32.07% in March 2023, indicating the company’s strong operational efficiency.
What is Avantel’s price-to-earning (P/E) ratio?
Avantel’s P/E ratio has fluctuated over the past five years, ranging from 6.22 in 2020 to 67.9 in 2023.
What role does government policy play in Avantel’s growth potential?
The Indian government’s push for digitalization and the development of telecommunications infrastructure is expected to provide a boost to Avantel’s growth potential in the coming years.
What risks should investors be aware of when considering Avantel as an investment opportunity?
As with any investment, there are risks involved, including competition in the telecommunications industry, changes in government policies, and economic factors that could affect Avantel’s financial performance. Investors should conduct thorough research and due diligence before making any investment decisions.
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Conclusion
Avantel appears to be on a path of consistent growth based on income growth, PAT growth, sales growth, and profit growth over the previous five years. The value of the company’s shares could significantly expand between 2030 and 2026, with a projected maximum share price of 495.49 and a minimum of 144.35.
Additionally, the business’ operational profit increased significantly from March 2018 to March 2023, rising from 11.26 crores to 49.48 crores. With a dividend payout ratio of 0% and an OPM of 32.07%, the company appears to be well-positioned for future growth. Therefore, for long-term investors seeking consistent growth, now may be a good time to purchase Avantel shares.
What did we learn?
- 1 How to purchase Avantel shares?
- 2 Avantel Share Price Target: 2024 to 2030
- 3 Financial Condition of Avantel: Last 5 years
- 4 FAQS
- 4.1 What has been Avantel’s financial performance in the past few years?
- 4.2 What is Avantel’s share price target for 2024 to 2030?
- 4.3 What factors contribute to Avantel’s potential growth?
- 4.4 Is Avantel a good company to invest in?
- 4.5 What is Avantel’s operating profit margin (OPM)?
- 4.6 What is Avantel’s price-to-earning (P/E) ratio?
- 4.7 What role does government policy play in Avantel’s growth potential?
- 4.8 What risks should investors be aware of when considering Avantel as an investment opportunity?
- 5 Conclusion
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