Who are Avalon Technologies's main competitors?

Named competitors: Syrma SGS Technology (SYRMA.NS), Kaynes Technology India (KAYNES.NS), Dixon Technologies (DIXON.NS), Cyient DLM (CYIENTDLM.NS), Jabil Inc. (JBL). The cockpit's measured peer set (industry) also includes Apollo Micro Systems (APOLLO.NS), PG Electroplast (PGEL.NS), L&F (066970.KS), Data Patterns (India) (DATAPATTNS.NS), Kaynes Technology India (KAYNES.NS), Cyient DLM (CYIENTDLM.NS).

Is Avalon Technologies expensive compared with its peers?

On forward p/e it trades at 69.4× against a peer median of 61.7×, 3rd most expensive of 7 in its peer set.

How has Avalon Technologies stock performed?

Over six months to 6 Nov 2026 the shares returned +50.8% against +2.0% for the median peer; over one year +57.5%.

← CockpitCompetitor Analysis › AVALON.NS Avalon Technologies LimitedOpen in the cockpit ↗

Avalon Technologies LimitedAVALON.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electronic Production Equipment

Chennai EMS maker of PCB assemblies, cables and metal parts for global medical, rail and defence OEMs.

≈ A small, export-oriented Indian SanminaMomentum leader 84

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.34B

US dollars, full cap

Free float

51%

of shares outstanding

$/day

$7.17M

20-day average traded

Fwd P/E

69.4×

forward earnings

ROIC−WACC

+3.4 pp

WACC 14.0%

Hurdle

n/a

no reverse DCF

Next earnings

6 days

12 Nov 2026

Close · INR₹1,894

1D-9.8%

1W-7.6%

1M-22.1%

3M+6.7%

6M+50.8%

YTD+115.5%

1Y+57.5%

ATR %6.9%

Beta1.02

52w lowhigh27.7% off high

What Avalon Technologies does

Chennai EMS maker of PCB assemblies, cables and metal parts for global medical, rail and defence OEMs.

Builds to customers' own designs and drawings rather than its own, charging per unit, so profit comes from manufacturing efficiency, not product pricing. Most sales are exports, mainly to the US, where it has added plants, and a handful of long-standing customers carry much of the volume.

In one line: A small, export-oriented Indian Sanmina.

Products and services

PCB assemblies (PCBA)
Cable & wire harnesses
Sheet metal & machining
Magnetics
System integration / box-build

Customers

Wabtec (Faiveley Transport)
Collins Aerospace
TransDigm Technologies
Haas Automation
Caire Inc.

Where it sits in the supply chain

Electronics manufacturing services
PCB assembly, cables, sheet metal
Full box-build & system integration

What could go right

China+1 diversification by global OEMs
Cross-selling across US and India plants

What could go wrong

Customer concentration in mobility/rail
Thin EMS margins

Moat: narrow (customer qualification, process know-how, scale). RDSO/aerospace certifications and long design-in relationships in a competitive, low-margin EMS field.

Headquarters: Chennai, India · Founded: 1999 · Employees: 1,913

Named competitors

Avalon Technologies at a glance

Size Avalon Technologies (AVALON.NS) is an India Industrials company (Electronic Production Equipment) with a market value of $1.34B, the 504th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,894 on 6 Nov 2026.

Performance Over six months the shares gained 50.8%, against +2.0% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 8 in its peer set.

Growth Revenue grew 44.4% over the last twelve months (peer median +34.9%); the operating margin is 9.5% (peer median 9.5%).

Valuation It trades at 69.4× forward earnings against a peer median of 61.7× (3rd most expensive of 7).

Capital Return on invested capital runs 3.4 points above its cost of capital (14.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Avalon Technologies against the median of its 8 peers (local-currency closes).

Avalon Technologies financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹17.6B	₹16.0B	₹11.0B	₹8.67B	₹9.45B
Revenue growth	—	+46%	+27%	-8%	—
Gross profit	₹2.69B	₹2.03B	₹1.41B	₹871M	₹1.36B
EBITDA	₹2.01B	₹1.75B	₹1.16B	₹635M	₹1.14B
Net income	₹1.34B	₹1.13B	₹634M	₹280M	₹525M
Free cash flow	n/a	-₹69.0M	-₹277M	-₹255M	-₹669M
Capital expenditure	n/a	₹536M	₹462M	₹355M	₹274M
Total debt	n/a	₹2.13B	₹1.80B	₹2.09B	₹3.42B

Quarterly statements and history in the cockpit →

Avalon Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Avalon Technologies is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Avalon Technologies is the large dot.

Avalon Technologies competitors and peer comparison

Head to head with its named competitors (AVALON.NS vs SYRMA.NS vs KAYNES.NS vs DIXON.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Avalon Technologies AVALON.NS	$1.34B	+51%	+44%	10%	69.4×	n/a
Syrma SGS Technology SYRMA.NS	$2.97B	+33%	+62%	10%	63.2×	33.7%
Kaynes Technology India KAYNES.NS	$2.30B	-26%	+35%	12%	55.5×	n/a
Dixon Technologies (India) DIXON.NS	$8.16B	+14%	+21%	2%	76.9×	48.0%
Cyient DLM CYIENTDLM.NS	$649M	+82%	-2%	7%	73.3×	58.4%
Jabil JBL	$24.6B	-33%	+21%	5%	13.5×	8.3%

How Avalon Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Avalon Technologies against its 8 peers (data as of 6 Nov 2026)
Measure	AVALON.NS	Peer median	Rank in peer set
1-month return	-22.1%	-13.7%	3rd lowest of 9
6-month return	+50.8%	+2.0%	2nd highest of 8
Distance from 52-week high	-27.7%	-25.9%	4th lowest of 9
Revenue growth (TTM)	+44.4%	+34.9%	4th highest of 8
Operating margin	9.5%	9.5%	4th lowest of 8
Forward P/E	69.4×	61.7×	3rd most expensive of 7
ROIC minus cost of capital	+3.4 pp	-6.7 pp	highest of 8
EV / EBITDA	62.8×	40.9×	most expensive of 8
Net debt / EBITDA	0.3×	0.3×	4th most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Avalon Technologies AVALON.NS	India	$1.34B	+51%	+44%	10%	69.4×	n/a	n/a
Apollo Micro Systems APOLLO.NS	India	$1.63B	+32%	+77%	21%	92.7×	n/a	n/a
PG Electroplast PGEL.NS	India	$1.65B	+2%	+21%	6%	49.3×	n/a	n/a
L&F 066970.KS	South Korea	$2.15B	-62%	+81%	8%	n/a	n/a	n/a
Data Patterns (India) DATAPATTNS.NS	India	$2.24B	-11%	+34%	37%	60.2×	61.0%	+32.8%
Kaynes Technology India KAYNES.NS	India	$2.30B	-26%	+35%	12%	55.5×	n/a	n/a
Cyient DLM CYIENTDLM.NS	India	$649M	+82%	-2%	7%	73.3×	58.4%	+15.0%
Syrma SGS Technology SYRMA.NS	India	$2.97B	+33%	+62%	10%	63.2×	33.7%	+61.8%
Coreintelligence 3718.TWO	Taiwan	$518M	n/a	n/a	n/a	n/a	n/a	n/a

Questions

Who are Avalon Technologies's main competitors?: Named competitors: Syrma SGS Technology (SYRMA.NS), Kaynes Technology India (KAYNES.NS), Dixon Technologies (DIXON.NS), Cyient DLM (CYIENTDLM.NS), Jabil Inc. (JBL). The cockpit's measured peer set (industry) also includes Apollo Micro Systems (APOLLO.NS), PG Electroplast (PGEL.NS), L&F (066970.KS), Data Patterns (India) (DATAPATTNS.NS), Kaynes Technology India (KAYNES.NS), Cyient DLM (CYIENTDLM.NS).
Is Avalon Technologies expensive compared with its peers?: On forward p/e it trades at 69.4× against a peer median of 61.7×, 3rd most expensive of 7 in its peer set.
How has Avalon Technologies stock performed?: Over six months to 6 Nov 2026 the shares returned +50.8% against +2.0% for the median peer; over one year +57.5%.