Consumer Durables · AVALON
Consumer Electronics - EMS
from 1,823 today
Avalon Technologies reported robust revenue growth of 49.8% YoY driven by Clean Energy, Mobility, and Industrial segments, and management upward revised its FY27 revenue growth guidance to 26-30%. We maintain our 'REDUCE' rating mainly due to higher valuation with a target price of INR 1,470, valuing at 45x FY28 earnings.
Avalon Technologies reported a robust 1QFY27 with revenue growing 50% YoY, driven by strong performance in both the US and Indian businesses. We reiterate our BUY rating with a TP of INR2,150, premised on 50x FY28E EPS.
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