Avantel

Reasons for buying:

Buy PE was reasonable at 16.46 and above 10 years PE median of 13.98.

5-year earnings average is 91.72%, earnings are lackluster from 2012 and 10-Year average revenue growth is 12.42%.

Return on equity is excellent at 26.01% but the 5-year average is 27.42%.

The market cap of the company is ₹289.13cr.

The debt of the company is ₹0cr with ₹42.97cr in cash.

Buy date: 30-Nov-2021

Qty: 14 Buy Price: ₹695 Buy EPS: 42.22 Buy PE: 16.46

I will be adding if the price drops because the earnings average is above 15% and the 5-year ROE average is above 15%.

Sold date: 05-Apr-2022

Qty: 14 Buy Price: ₹1296.6 Buy EPS: 43.22 Buy PE: 30

PE is 30 so sold it.

Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to wireless front-end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, and software solutions from INSAT based mobile satellite services. Its wireless products include radar subsystems, radios, and radiofrequency subsystems. It caters to defense, railway, and marine industries.