Avanceon Limited (AVN) financial ratios

Avanceon Limited earned a net margin of 4.1% in FY2025 against a five-year average of 12.8% (Technology & Communication median 5.8%). Return on equity was 4.5%, compared with a sector median of 10.7%. The current ratio stood at 1.61× and debt was 21.9% of equity. Cash took about 239 days to cycle through receivables, inventory and payables.

FY2025 vs the Technology & Communication median

Gross margin: 26.2%; Sector median 27.9%
Operating margin: 8.1%; Sector median 8.2%
Net margin: 4.1%; Sector median 5.8%
Return on equity (ROE): 4.5%; Sector median 10.7%
Return on assets (ROA): 2.2%; Sector median 7.5%
Current ratio: 1.61×; Sector median 1.51×
Debt to equity: 21.9%; Sector median 18.3%
Asset turnover: 0.54×; Sector median 0.41×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 21 companies in the sector with the figure for their latest fiscal year.

AVN financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008
Profitability
Gross margin	26.2%	26.4%	31.6%	26.3%	32.0%	28.6%	30.3%	29.1%	34.6%	36.2%	32.9%	35.8%	38.1%	40.9%	27.5%	29.2%	38.7%	23.9%
EBITDA margin	9.7%	11.8%	23.5%	20.7%	20.1%	19.7%	18.2%	14.2%	21.5%	22.6%	20.4%	25.1%	26.8%	39.8%	—	—	—	—
Operating margin	8.1%	10.3%	22.5%	19.7%	19.2%	18.7%	16.9%	13.2%	20.5%	22.0%	18.7%	23.9%	25.7%	38.9%	(5.4%)	(4.0%)	9.5%	(2.9%)
Pre-tax margin	4.7%	9.0%	20.9%	11.3%	24.7%	18.4%	19.7%	24.6%	21.3%	19.2%	16.7%	23.0%	24.0%	37.3%	(15.6%)	(10.8%)	2.2%	(8.0%)
Net margin	4.1%	12.8%	14.7%	9.7%	22.5%	16.2%	18.6%	22.0%	20.0%	16.1%	14.8%	22.2%	22.6%	35.9%	(15.8%)	(10.7%)	1.5%	(8.5%)
Effective tax rate	13.1%	(41.4%)	29.8%	14.3%	9.0%	11.7%	5.3%	10.4%	5.8%	16.1%	11.3%	3.6%	5.7%	3.6%	—	—	32.4%	—
Returns
Return on equity (ROE)	4.5%	15.2%	23.9%	11.6%	27.0%	20.7%	23.0%	24.8%	22.9%	15.6%	11.9%	24.4%	32.9%	171.4%	—	(138.5%)	13.8%	—
Return on assets (ROA)	2.2%	7.6%	11.8%	6.2%	14.7%	11.4%	12.7%	14.5%	14.3%	10.8%	8.9%	17.1%	18.2%	50.2%	(19.0%)	(15.9%)	2.0%	—
Return on invested capital (ROIC)	4.9%	14.5%	21.5%	10.4%	24.2%	19.8%	21.8%	22.7%	21.4%	14.7%	11.7%	23.2%	30.3%	91.8%	—	—	11.9%	—
Liquidity
Current ratio	1.61×	1.63×	1.58×	1.89×	1.98×	2.04×	1.89×	2.03×	2.12×	2.49×	2.81×	3.62×	1.91×	1.36×	0.31×	0.66×	1.09×	0.78×
Quick ratio	1.50×	1.55×	1.57×	1.88×	1.97×	2.01×	1.84×	1.99×	2.07×	2.39×	2.72×	3.52×	1.84×	1.30×	0.25×	0.60×	1.01×	0.70×
Leverage
Debt to equity	21.9%	13.4%	13.3%	10.9%	13.4%	11.0%	15.8%	12.3%	16.6%	15.1%	11.8%	4.6%	10.9%	16.4%	—	1,513.7%	323.7%	579.6%
Debt to capital	18.0%	11.8%	11.7%	9.8%	11.8%	9.9%	13.7%	10.9%	14.3%	13.1%	10.6%	4.4%	9.8%	14.1%	121.1%	93.8%	76.4%	85.3%
Debt to assets	11.3%	7.0%	6.7%	5.4%	7.3%	6.2%	8.5%	7.0%	9.9%	10.1%	8.5%	3.6%	6.7%	7.8%	71.7%	58.9%	59.3%	58.1%
Assets to equity	1.93×	1.95×	2.00×	1.94×	1.81×	1.81×	1.81×	1.72×	1.60×	1.45×	1.33×	1.42×	1.81×	3.41×	—	8.72×	6.89×	—
Efficiency
Asset turnover	0.54×	0.60×	0.80×	0.63×	0.66×	0.70×	0.68×	0.66×	0.71×	0.67×	0.60×	0.77×	0.81×	1.40×	1.20×	1.49×	1.35×	—
Receivable days days	391	358	285	393	387	380	374	361	308	304	329	214	186	96	77	91	113	—
Inventory days days	40	18	3	4	7	11	13	13	19	22	18	16	18	17	23	16	24	—
Payable days days	192	208	201	243	228	175	184	231	204	146	133	134	223	185	157	100	115	—
Cash conversion cycle days	239	168	86	153	167	216	203	143	123	179	214	96	(20)	(72)	(58)	6	22	—
Dividends
Dividend payout ratio	0.0%	18.8%	19.5%	25.3%	13.6%	0.0%	0.0%	40.0%	18.8%	63.7%	98.3%	47.1%	0.0%	0.0%	—	—	0.0%	—
Earnings retention rate	1.00×	0.81×	0.80×	0.75×	0.86×	1.00×	1.00×	0.60×	0.81×	0.36×	0.02×	0.53×	1.00×	1.00×	—	—	1.00×	—

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

AVN: frequently asked questions

What is AVN's EPS?

Avanceon Limited reported basic earnings per share of Rs 1.54 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 0.52.

What is AVN's P/E ratio?

At the closing price of Rs 27.24 on 16 Oct 2026, AVN trades at a P/E of 52.0× based on EPS of Rs 0.52 (TTM to Jun 2026).

Does AVN pay dividends?

Yes. Avanceon Limited declared a dividend of Rs 1.00 per share for FY2025. At Rs 27.24 that is a dividend yield of 3.7%.

What was AVN's revenue and profit in FY2025?

Avanceon Limited reported revenue of Rs 15.9 bn and profit attributable to shareholders of Rs 647.4 mn for FY2025 (Jan – Dec 2025).

What is AVN's book value per share?

Avanceon Limited's book value per share was Rs 35.33 at the end of FY2025. The shares trade at 0.80× book value.

Information only, not investment advice.