Avance Technologies Ltd Stock Analysis

BSE: 512149 | NSE: | IT - Software | Small Cap

BSE Share Price Oct 05, 18:01
0.24 0.00 (0.00%)

DeciZen - Make an Informed Decision on Avance Technology

M-Cap below 100cr DeciZen not available


1. Is Avance Technologies Ltd a good quality company?

Data is not available for this company.

2. Is Avance Technologies Ltd undervalued or overvalued?

The key valuation ratios of Avance Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Avance Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Avance Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Avance Technology:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.

Value Creation

Value Creation Index Colour Code Guide
ROCE % 2.1%-0.1%-0.2%-0.1%-0.1%0.1%0%0.1%-9.1%-7.7%-
Value Creation Index -0.9-1.0-1.0-1.0-1.0-1.0-1.0-1.0-1.7NA-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 15612888.610710289.929.23.40.305
YoY Gr. Rt. %--17.9%-30.8%20.3%-4.6%-11.5%-67.5%-88.4%-91.2%-86.7%-
Adj EPS 1-0.1-0.1-0-0000-2.3-1.4-1.2
YoY Gr. Rt. %--105.1%NANANANA-100%NA-7600%NA-
BVPS (₹) 25.529.829.319.619.519.519.519.51513.614.8
Adj Net Profit 6.3-0.3-0.7-0.2-
Cash Flow from Ops. -224-122-0.515.727.720.20-15.9-3.222.2-
Debt/CF from Ops. -0-0-427.600051739.5-9.2-46.20-


CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -60.1%-79.2%-88.9%-86.7%
BVPS -6.7-6.9-11.3-9.3
Share Price -17.3% -40.1% 8.1% -51%

Key Financial Parameters

Performance Ratio Colour Code Guide
Return on Equity % 2-0.1-0.2-0.1-
Op. Profit Mgn % -0.4-0.60-0.1-00.20-3.4-3-2283.6
Net Profit Mgn % 4-0.3-0.7-0.2-0.30.2016.4-14862.9-64081.5-500.6
Debt to Equity 0.101.10000.40.40.500
Working Cap Days 5301,0321,4149588668613,48634,2743,37,42815,62,90379
Cash Conv. Cycle 10193-143-149-123-120-416-3,039-29,777-4,04,7180

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Avance Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) -1.2 0
TTM Sales (₹ Cr.) 4.9 29.2
BVPS (₹.) 14.8 0
Reserves (₹ Cr.) 96 189
P/BV 0.03 0.00
PE 0.00 80.93
From the Market
52 Week Low / High (₹) 0.49 / 0.49
All Time Low / High (₹) 0.19 / 124.40
Market Cap (₹ Cr.) 9.7
Equity (₹ Cr.) 198.2
Face Value (₹) 10
Industry PE 40.2

Management X-Ray of Avance Technology :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes


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.

Read More Read Less