Avalon Tech
Avalon Tech Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
Avalon Technologies targets doubling revenues from INR1,603 crores in FY26 to approximately INR3,200 crores by FY29, indicating strong multi-year growth confidence. - FY27 growth guidance is conservatively set at 24% to 27% year-over-year. - The company is almost a year ahead of its prior doubling schedule (FY24 to FY27). - Growth drivers include steady foundation of long product life cycles and mission-critical programs across sectors like industrial, clean energy, mobility, aerospace, communications, and semiconductor equipment. - New programs and expanded geographic footprints (Southeast Asia, Europe) are expected to contribute. - Semiconductor equipment vertical is expected to start contributing revenues from FY27, aiming to establish this as a separate vertical within 2-3 years. - Focus on expanding complex box build and system integration business versus traditional PCB assembly, with box build increasing from 44% to 56% of revenues. - U.S. FY26 full-year EBITDA margin was 10.8%, with Q4 FY26 EBITDA at 11.8%, and India manufacturing EBITDA at 16.7%. - Operating leverage expected from increased sales in FY27, especially from India and U.S.
From Avalon Tech's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Avalon Technologies targets doubling revenues from INR1,603 crores in FY26 to approximately INR3,200 crores by FY29, indicating strong multi-year growth confidence.
- FY27 growth guidance is conservatively set at 24% to 27% year-over-year.
- The company is almost a year ahead of its prior doubling schedule (FY24 to FY27).
- Growth drivers include steady foundation of long product life cycles and mission-critical programs across sectors like industrial, clean energy, mobility, aerospace, communications, and semiconductor equipment.
- New programs and expanded geographic footprints (Southeast Asia, Europe) are expected to contribute.
- Semiconductor equipment vertical is expected to start contributing revenues from FY27, aiming to establish this as a separate vertical within 2-3 years.
- Focus on expanding complex box build and system integration business versus traditional PCB assembly, with box build increasing from 44% to 56% of revenues.
- U.S. manufacturing expected to ramp up with breakeven targeted in late FY27.
Profitability & Margins
See what Avalon Tech said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Regular capex for FY27 is expected to be in the range of INR 55-60 crores, similar to the past two years (INR 56 crores in FY26 and INR 58 crores in FY25).
- No major or large capex is anticipated in the near term beyond this range.
- Capex is primarily focused on building infrastructure and supporting growth for doubling revenues.
- The company aims to maintain high asset turns (8-10x) and ROCE above 20%, balancing growth with capital efficiency.
- Capex is planned on an annual basis with no specific large capacity expansion announced at this point.
- Strategic investment focus remains on organic growth within existing verticals rather than venturing into new component manufacturing businesses.
Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Avalon Tech said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately INR3,441 crores.
- Of this, INR2,196 crores is executable within 12 to 14 months.
- INR1,245 crores is executable between 14 months and 36 months.
- Orders with execution timelines beyond 3 years are not included in the order book.
- As of March 31, 2026, the order book grew 24.7% year-on-year to INR2,196 crores with an average execution period of 14 months.
- Long-term contracts with execution timelines ranging from 15 to 36 months total INR1,245 crores.
- The order book growth is well diversified across industry verticals and geographies.
- New programs are entering production, supporting a healthy and expanding order book pipeline.
Avalon Tech — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹480 Cr, net profit ₹41 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Avalon Tech's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Avalon Tech Q4 FY26 results?
Avalon Technologies targets doubling revenues from INR1,603 crores in FY26 to approximately INR3,200 crores by FY29, indicating strong multi-year growth confidence. - FY27 growth guidance is conservatively set at 24% to 27% year-over-year. - The company is almost a year ahead of its prior doubling schedule (FY24 to FY27). - Growth drivers include steady foundation of long product life cycles and mission-critical programs across sectors like industrial, clean energy, mobility, aerospace, communications, and semiconductor equipment. - New programs and expanded geographic footprints (Southeast Asia, Europe) are expected to contribute. - Semiconductor equipment vertical is expected to start contributing revenues from FY27, aiming to establish this as a separate vertical within 2-3 years. - Focus on expanding complex box build and system integration business versus traditional PCB assembly, with box build increasing from 44% to 56% of revenues. - U.S. FY26 full-year EBITDA margin was 10.8%, with Q4 FY26 EBITDA at 11.8%, and India manufacturing EBITDA at 16.7%. - Operating leverage expected from increased sales in FY27, especially from India and U.S.
What is Avalon Tech share price analysis?
Avalon Tech currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 109.2 with a market cap of ₹14,590 Cr. Investors should review the full earnings analysis for detailed insights.
Is Avalon Tech planning capital expenditure?
Regular capex for FY27 is expected to be in the range of INR 55-60 crores, similar to the past two years (INR 56 crores in FY26 and INR 58 crores in FY25).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.