Which companies are Avantel's closest peers?

The cockpit's peer set: MPS (MPSLTD.NS), Network18 Media & Invest (NETWORK18.NS), Wonderla Holidays (WONDERLA.NS), Route Mobile (ROUTE.NS), Rossell Techsys (ROSSTECH.NS), Zee Entertainment Enterprises (ZEEL.NS), Tejas Networks (TEJASNET.NS), RailTel Corp. of India (RAILTEL.NS).

Is Avantel expensive compared with its peers?

On ev / sales it trades at 14.5× against a peer median of 4.7×, 3rd most expensive of 12 in its peer set.

How has Avantel stock performed?

Over six months to 6 Nov 2026 the shares returned -11.7% against -11.3% for the median peer; over one year -20.9%.

← CockpitCompetitor Analysis › AVANTEL.NS Avantel LimitedOpen in the cockpit ↗

Avantel LimitedAVANTEL.NSCompetitor analysis, valuation and peers

India · INR·Telecom›Telecommunications Equipment

Momentum weak 25

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$390M

US dollars, full cap

Free float

54%

of shares outstanding

$/day

$1.79M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-11.4 pp

WACC 17.8%

Hurdle

n/a

no reverse DCF

Close · INR₹138.69

1D-1.2%

1W+2.9%

1M-9.5%

3M-15.7%

6M-11.7%

YTD-12.1%

1Y-20.9%

ATR %4.2%

Beta1.19

52w lowhigh29.9% off high

What Avantel does

Employees: 832

Avantel at a glance

Size Avantel (AVANTEL.NS) is an India Communication Services company (Telecommunications Equipment) with a market value of $390M, the 952nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹138.69 on 6 Nov 2026.

Performance Over six months the shares fell 11.7%, against -11.3% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 12 in its peer set.

Growth Revenue grew 14.6% over the last twelve months (peer median +6.0%); the operating margin is 14.4% (peer median 10.2%).

Valuation It trades at 14.5× enterprise value to sales against a peer median of 4.7× (3rd most expensive of 12).

Capital Return on invested capital runs 11.4 points below its cost of capital (17.8% WACC).

Relative performance

Six months, rebased to 100: Avantel against the median of its 11 peers (local-currency closes).

Avantel financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹2.60B	₹2.23B	₹2.49B	₹2.24B	₹1.54B
Revenue growth	—	-11%	+11%	+45%	—
Gross profit	₹1.06B	₹627M	₹1.08B	₹929M	₹580M
EBITDA	₹644M	₹503M	₹948M	₹834M	₹473M
Net income	₹197M	₹150M	₹564M	₹526M	₹268M
Free cash flow	n/a	-₹868M	-₹299M	₹305M	-₹147M
Capital expenditure	n/a	₹927M	₹784M	₹316M	₹119M
Total debt	₹1.07B	₹344M	₹263M	₹175M	₹303M

Quarterly statements and history in the cockpit →

Avantel 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. Avantel is the large dot.

Fundamentals: revenue growth against valuation

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

Avantel competitors and peer comparison

How Avantel compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Avantel against its 11 peers (data as of 6 Nov 2026)
Measure	AVANTEL.NS	Peer median	Rank in peer set
1-month return	-9.5%	-5.3%	4th lowest of 12
6-month return	-11.7%	-11.3%	6th lowest of 12
Distance from 52-week high	-29.9%	-31.7%	6th highest of 12
Revenue growth (TTM)	+14.6%	+6.0%	5th highest of 12
Operating margin	14.4%	10.2%	6th highest of 12
EV / Sales	14.5×	4.7×	3rd most expensive of 12
ROIC minus cost of capital	-11.4 pp	-1.3 pp	4th lowest of 12
EV / EBITDA	58.6×	21.6×	2nd most expensive of 9
Net debt / EBITDA	1.5×	-0.5×	4th most indebted of 11

Peer table

Peer set: Sector in the same market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Avantel AVANTEL.NS	India	$390M	-12%	+15%	14%	14.5×	n/a	n/a
MPS MPSLTD.NS	India	$404M	+36%	+10%	29%	4.7×	9.6%	+12.7%
Network18 Media & Invest NETWORK18.NS	India	$438M	-23%	-23%	-3%	3.3×	n/a	n/a
Wonderla Holidays WONDERLA.NS	India	$322M	-9%	+35%	17%	4.0×	n/a	n/a
Route Mobile ROUTE.NS	India	$301M	-22%	+1%	9%	0.3×	-8.0%	+25.7%
Rossell Techsys ROSSTECH.NS	India	$551M	+33%	+86%	10%	9.4×	n/a	n/a
Zee Entertainment Enterprises ZEEL.NS	India	$651M	-32%	+6%	-1%	0.4×	1.8%	+0.9%
Tejas Networks TEJASNET.NS	India	$790M	-22%	-70%	-58%	8.3×	n/a	n/a
RailTel Corp. of India RAILTEL.NS	India	$817M	-31%	+23%	10%	1.6×	31.3%	+25.4%
Tata Teleservices (Maharashtra) TTML.NS	India	$824M	-11%	-1%	44%	22.9×	22.7%	+2.1%
Tips Music TIPSMUSIC.NS	India	$1.04B	+20%	+27%	67%	22.6×	36.6%	+32.9%
Saregama India SAREGAMA.NS	India	$1.26B	+77%	-3%	28%	10.4×	n/a	n/a

Questions

Which companies are Avantel's closest peers?: The cockpit's peer set: MPS (MPSLTD.NS), Network18 Media & Invest (NETWORK18.NS), Wonderla Holidays (WONDERLA.NS), Route Mobile (ROUTE.NS), Rossell Techsys (ROSSTECH.NS), Zee Entertainment Enterprises (ZEEL.NS), Tejas Networks (TEJASNET.NS), RailTel Corp. of India (RAILTEL.NS).
Is Avantel expensive compared with its peers?: On ev / sales it trades at 14.5× against a peer median of 4.7×, 3rd most expensive of 12 in its peer set.
How has Avantel stock performed?: Over six months to 6 Nov 2026 the shares returned -11.7% against -11.3% for the median peer; over one year -20.9%.