Avalon Technologies is in the spotlight for financial growth

Avalon Technologies given strong financial growth, a major joint venture with Germany’s Zollner Elektronik AG, and bullish brokerage targets—shares have surged over 160% in 2026, with analysts projecting further upside. The company’s order book has crossed ₹2,200 crore, and brokerages like Motilal Oswal and Nomura see semiconductor equipment and battery energy storage systems (BESS) as key growth drivers. 📊 Latest Financial Performance FY26 Revenue: ₹1,603.2 crore, up 46% YoY EBITDA: ₹173 crore, up 51% YoY, margin at 10.8% PAT: ₹113 crore, up 78% YoY, margin at 6.9% Order Book: ₹2,196 crore, providing strong visibility for FY27 🚀 Stock Market Highlights Share Price Rally: Up 168–172% YTD in 2026 Recent Surge: Shares rose 7–10% in early September after Nomura raised its target price to ₹2,767 Brokerage Targets: Motilal Oswal: ₹2,740 (Buy) Nomura: ₹2,767 (Buy) Current price: around ₹2,352–2,424 🔑 Strategic Developments Joint Venture with Zollner Elektronik AG (Germany): Investment of ₹1,000 crore in Tamil Nadu (Kanchipuram unit) Focus on PCB assemblies, box-builds, cable harnesses, and system integration Zollner holds 51% initially, Avalon 49%, with Avalon having the option to become majority shareholder after 3 years Opens new verticals: healthcare, life sciences, test & measurement, rail, aerospace Semiconductor Equipment Expansion: Commercial production started for power boxes for a wafer equipment supplier Plans to establish a standalone semiconductor vertical within 2 years Battery Energy Storage Systems (BESS): Positioned as a major growth driver, especially in the US market Supported by renewable integration and data center investments 📅 Upcoming Event 27th Annual General Meeting (AGM): Date: Monday, September 28, 2026, 2:30 PM IST Mode: Video Conferencing (VC/OAVM) E-voting: Sept 24–27, 2026