10% Final Dividend: Not BEL Or HAL, But This 31.94% ROE Defence Stock, Turned Ex-Dividend; Key Parameters Here

An aerospace and defence stock turned ex-dividend on Thursday, June 12, 2025. This stock is a small-cap and trading below Rs 200 on BSE, under the 'A' category. The defence stock is neither Bharat Electronics (BEL) nor Hindustan Aeronautics (HAL). However, on the ex-date, the stock with a 31.94% return on equity (ROE) traded on a bearish note.

Who? Is it none other than promising defence stock Avantel Ltd?

Avantel Ltd Share Price:

At the time of writing, Avantel's share price traded at Rs 162.70 apiece on BSE, down by nearly 2% with a market cap of Rs 4,310.93 crore. The stock is performing near its intraday low of Rs 161.85 apiece.

Avantel's 52-week high and low are at Rs 212.61 apiece and Rs 90.30 apiece respectively. Despite the latest drop, Avantel's overall YTD performance is positive, with an upside of over 7.2%. However, compared to BEL and HAL, Avantel has underperformed them in 2025 so far. YTD, BEL and HAL stocks have rallied by around 33% and 21% respectively on BSE.

Avantel Ltd Dividend:

Avantel turned ex-dividend for its final dividend of Rs.0.20 per equity share (i.e., 10% of the face value) of nominal value of Rs.2 each for the financial year 2024-25. June 12th is also the record date to determine eligible shareholders for the final dividend.

The latest dividend payout will be unchanged from the Rs 0.20 dividend paid in 2024. For the past two fiscal years, Avantel's dividends have been lower. In 2023, Avantel turned ex-dividend for a dividend of Rs 1 per share, while it paid the highest dividends of Rs 4 each in 2022 and 2021.

Nonetheless, Avantel holds a healthy record of 20 dividend payouts since September 2017, as per Trendlune data.

Avantel Ltd Share Price Parameters:

Avantel's price-to-equity ratio is at 65.67x.

While its return on equity is at 31.94% as of June 12, 2025, as per BSE data.

Avantel share's Relative Strength Index (RSI) is at 65.1, which is stable since RSI below 30 is referred to be oversold and above 70 indicates overbought. However, Avantel's money flow index (MFI) stood at 83, which means that over-buying has taken place in Avantel as MFI above 80 indicates that the stock is strongly overbought, hinting at a pullback, as per Trendlyne data.

At present, Avantel traded above 7 out of 8 SMAs. The stock was above 100-day, 150-day, and 200-day SMAs of 121.1, 130.8, and 139.7 respectively. SMAs mean simple moving average, which shows a listed stock's performance over on an average over a specified period.

Further, as per the data, there has been significant shift in Avantel's promoters group. Firstly, promoters have decreased holdings from 38.58% to 38.57% in Mar 2025 quarter. Similarly, Mutual Funds have decreased holdings from 0.87% to 0.38% in Mar 2025 quarter. On the contrary, FII/FPI have increased holdings from 0.18% to 0.48% in Mar 2025 quarter.

About Avantel Ltd:

Avantel has been supporting the strategic sector since three decades and has rolled out many unique products / solutions to Indian Defence Services and allied establishments. The company in its initial years, has manufactured various building blocks of the Radios.

From early 2000 onwards; the company has reoriented itself and started offering system based solutions to its customers in four main verticals i.e. Satellite Communications, HF Communications, Electronic Warfare and Radar systems respectively. Presently, the company is in the process of enhancing its portfolio and developing SCA compliant Software Defined Radios, High Power HF systems, Air Defence Radars and Small Satellites.