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Avance Technologies Ltd (AVANCE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512149 NSE: AVANCE IT - Software | Small Cap | Avance Technologies Share Price
₹0.65 -0.01 (-1.52%)
As on 22-Oct'26 16:59
Avance Technologies Ltd (AVANCE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512149 NSE: AVANCE IT - Software | Small Cap | Avance Technologies Share Price
₹0.65 -0.01 (-1.52%)
As on 22-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹129 Cr.
Current Price
₹0.7
52-Week Low / High
₹1 / 3
TTM EPS
₹0.1
TTM Sales
₹182 Cr.
Book Value per Share
₹2
P/E Ratio
9.15
Lower than its 5-year historical median
Industry PE
22
Price to Book (P/B)
0.32
Lower than its 5-year historical median
Price to Sales (P/S)
0.71
Lower than its 5-year historical median
EV/EBITDA
17.16
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.42%
Underperforms industry median
Return on Capital Employed (ROCE)
2.68%
Underperforms industry median
Return on Assets (ROA)
2.30%
Operating Profit Margin
-0.3%
Net Profit Margin
8.31%
Gross Profit Margin
8.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
74.49%
Operating Profit Growth (1 Year)
-
-110.08%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
149.81%
Asset Quality
Promoter Holding
0.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹198 Cr.
Equity
₹198.2 Cr.
Face Value
₹1
All Time Low / High
₹0.02 / 12.44
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Avance Technologies Ltd a good quality company?
Avance Technologies Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Avance Technologies Ltd performance compare with that of its Peers?
Revenue growth of Avance Technologies Ltd vs industry peers?
Avance Technologies Ltd revenue CAGR is 12.11%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Avance Technologies Ltd?
Promoters hold 0.68% of the Avance Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Avance Technologies Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Avance Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.1% | 0% | 0.1% | -10.4% | -7.7% | -0.2% | 0.1% | 0.6% | 0.9% | 3.5% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -1.0 | -1.7 | -1.6 | -1.0 | -1.0 | -1.0 | -0.9 | -0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 89.9 | 29.2 | 3.4 | 0.3 | 0 | 11.5 | 30.5 | 69.3 | 57.9 | 101 | 94 |
| Sales YoY Gr. | - | -67.5% | -88.4% | -91.2% | -86.7% | 28,700% | 165% | 127% | -16.4% | 74.5% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | -0.2 | -0.1 | -0 | 0 | 0 | 0 | 0.1 | 0.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | 500% | - |
| BVPS (₹) ⓘ | 2 | 2 | 2 | 1.5 | 1.4 | 1.9 | 0.9 | 1.9 | 1.9 | 2 | 2 |
| Adj Net Profit ⓘ | 0.2 | 0 | 0.6 | -44.5 | -27.5 | -0.6 | 0.4 | 0.3 | 2.1 | 12.6 | 12 |
| Cash Flow from Ops. ⓘ | 20.2 | 0 | -15.9 | -3.2 | 22.2 | 18.7 | 6.2 | -5.9 | -6.2 | -76.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 51739.5 | -9.2 | -46.2 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.3% | 379.2% | 49% | 74.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | 500% | ||||
| BVPSⓘ | 0.1% | 7.6% | 27.8% | 3.7% | ||||
| Share Price | 7.7% | 67% | 17.6% | -75.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.1 | 0 | 0.1 | -13 | -9.7 | -0.2 | 0.1 | 0.1 | 0.6 | 3.3 | 3.1 |
| Op. Profit Mgn % ⓘ | 0.2 | 0 | -3.4 | -3 | -228 | -5.5 | 1.6 | -0.4 | 1.8 | -0.6 | -0.9 |
| Net Profit Mgn % ⓘ | 0.2 | 0 | 16.4 | -14862.9 | -64081.5 | -5.4 | 1.3 | 0.5 | 3.6 | 12.5 | 12.7 |
| Debt to Equity ⓘ | 0 | 0.4 | 0.4 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 861 | 3,486 | 34,274 | 3,37,428 | 15,62,903 | 3,819 | 1,804 | 911 | 1,222 | 882 | 67 |
| Cash Conv. Cycle ⓘ | -120 | -416 | -3,039 | -29,777 | -4,04,718 | -895 | -578 | -302 | -321 | -148 | -45 |
Valuation of Avance Technologies - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 102 | 90 | 29 | 31 | 144 | 172 | 159 |
| Operating Expenses > ⓘ + | 102 | 90 | 29 | 30 | 142 | 167 | 160 |
| Operating Profit > ⓘ | -0 | 0 | 0 | 0 | 3 | 5 | -1 |
| Operating Profit Margin (%) | -0.0% | 0.2% | 0.6% | 1.6% | 1.7% | 3.0% | -0.3% |
| Other Income > ⓘ + | 0 | 0 | 0 | 0 | 3 | 2 | 14 |
| Interest > ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation > ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax > ⓘ | -1 | 0 | 0 | 1 | 5 | 7 | 13 |
| Tax > ⓘ | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Profit After Tax | -1 | 0 | 0 | 0 | 5 | 5 | 13 |
| PAT Margin (%) | -1.1% | 0.2% | 0.4% | 1.3% | 3.4% | 3.1% | 8.3% |
| Adjusted EPS (₹) | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 386 | 387 | 387 | 371 | 376 | 381 | 394 | ||||
| Debt + | 0 | 0 | 150 | 0 | 0 | 56 | 164 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 57 | 60 | 61 | 63 | 112 | 62 | 90 | ||||
| Others Liabilities ⓘ | 0 | 2 | 0 | 0 | 1 | 2 | 1 | ||||
| Total Liabilities ⓘ | 444 | 448 | 598 | 435 | 489 | 500 | 649 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investments ⓘ | 224 | 222 | 223 | 276 | 250 | 235 | 191 | ||||
| Inventories | 20 | 21 | 20 | 7 | 20 | 36 | 91 | ||||
| Trade Receivables | 10 | 7 | 11 | 1 | 12 | 11 | 42 | ||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 15 | 21 | 49 | ||||
| Others Assets ⓘ | 191 | 198 | 344 | 151 | 192 | 198 | 276 | ||||
| Total Assets ⓘ | 444 | 448 | 598 | 435 | 489 | 500 | 649 | ||||
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 28 | -1 | 0 | 6 | 30 | -68 | -137 |
| Cash Flow From Investing Activity ⓘ + | -28 | 2 | -150 | 7 | 26 | 18 | 57 |
| Cash Flow From Financing Activity ⓘ + | 0 | 0 | 150 | -14 | -42 | 56 | 108 |
| Net Cash Flow ⓘ | -0 | 0 | -0 | 0 | 15 | 6 | 28 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.28 | 0.05 | 0.03 | 0.11 | 1.31 | 1.4 | 3.42 | |||
| ROCE (%) | -0.28 | 0.06 | 0.05 | 0.11 | 1.35 | 1.81 | 2.68 | |||
| Asset Turnover Ratio | 0.23 | 0.2 | 0.06 | 0.06 | 0.31 | 0.35 | 0.28 | |||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 6 | -13.6 | -10.54 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 34.40 | 33.40 | 111.90 | 72.80 | 16.80 | 24.30 | 60.60 | |||
| Inventory Days | 71 | 82.90 | 258.60 | 161 | 33.10 | 58.60 | 144.90 | |||
| Payable Days | 206.90 | 239.90 | 768.80 | 762.40 | 226.40 | 191.50 | 174 | |||
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Avance Technologies Ltd FAQs
The current trading price of Avance Technologies on 22-Oct-2026 16:59 is ₹0.65.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Oct-2026 the market cap of Avance Technologies stood at ₹128.8 Cr
The latest P/E ratio of Avance Technologies as of 21-Oct-2026 is 10.45.
The latest P/B ratio of Avance Technologies as of 21-Oct-2026 is 0.33.
The 52-week high of Avance Technologies is ₹2.67 and the 52-week low is ₹0.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avance Technologies is ₹93.76 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Avance Technologies Ltd is a below average quality company.
The key valuation ratios of Avance Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Avance Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Avance Technologies Ltd
Avance Technologies, previously known as VMC Software, is a software company incorporated in January 1985, it went public in 1991.
The company started by providing global technology management services in Product Testing, Technical Communications, Management Consulting, IT Integrations & Implementations, IT Service Management, Help Desk, Technical Support, Outbound Sales and Marketing, and Channel Support.
Avance’s founders have more than 20 years experience in key aspects of development, implementation, and marketing of software solutions.Their professional experience include industry leaders such as LSI Logic, PeopleSoft (now Oracle), i2 Technologies.Their implementation experience include global leaders such as Northrop Grumman Corp., Hewlett-Packard, and Samsung. Avance Technology is building the next generation trading software that is scalable for performance and tolerant against system crashes.
Currently they have focused on connecting to Hong Kong Stock Exchange's AMS/3 system. There state-of-the-art clustering technology enables the company to sustain high availability and scalability while there proprietary multi-thread user interface technology enables them to build the most responsive user interface ever provided by a trading platform.
Products of the company include
Avance TradeServer - Avance TradeServer is a Broker Supplied System (BSS) compliant with HKEx's AMS/3 protocol. Its function is to route orders to HKEx's trading system. It has built in failover and clustering design such that multiple Open Gateways can be used for redundancy and real time failover.
Avance TradeStation - Avance TradeStation is a thick client designed for brokers and dealers to enter orders with credit management. Its state-of-the-art technologies are platform independent employing multi-thread design to enhance response time for the best user experience.
Avance TradePortal- Avance TradePortal is a thin client built with web 2.0 technologies for the best user interaction experience over the Internet. The targeted user are the Internet users who wants fast action to trade anywhere in the world over the Internet.
Avance Technologies, in 2008, set up its India development center in Hyderabad. The advantage of having a development center in India was that it can tap into the talent pools of India in the fields of Information Technology. The close proximity and small time difference of India from Hong Kong is also a factor in choosing Hyderabad as the location for this center.
The members of the company in India are seasoned engineers with expertise in the technologies that Avance uses. Together with its team in Silicon Valley, California, this development center will help Avance Technologies accelerate product development cycles. The diversified teams can also help Avance remain at the forefront of technology by knowledge transfer.
Avance Technologies established it’s headquarters in Hong Kong. Given the enormous growth potential of China and Hong Kong’s leading position as a major financial center in Asia, the choice of Hong Kong as headquarter was an obvious one. After assessing the technology landscape of Hong Kong, the founders of Avance believed that there are opportunities and needs to introduce the latest generation of technologies into Hong Kong's information technology landscape.Since information technology is indispensible for the financial industry, it was hoped that by introducing the latest and greatest technologies that have been proven elsewhere into Hong Kong, Avance Technologies can help to sustain and solidify Hong Kong's position as one of the leading financial
Future plan
Avance Technologies is building the next generation trading software that is scalable for performance and tolerant against system crashes.
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