Avance Technologies Ltd - Stock Valuation and Financial Performance

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

Avance Technology Share Price

1.26 -0.06 -4.55%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Avance Technology

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Avance Technologies stock performance -

mw4me loader
P/E Ratio (SA):
277.72
Market Cap:
261.6 Cr.
52-wk low:
0.1
52-wk high:
1.7

Is Avance Technologies Ltd an attractive stock to invest in?

1. Is Avance Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Avance Technologies Ltd is a below average quality 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 Undervalued zone.

3. Is Avance Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak 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
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 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.
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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.2%-0.1%-0.1%0.1%0%0.1%-9.1%-7.7%-0.2%0.1%-
Value Creation
Index
-1.0-1.0-1.0-1.0-1.0-1.0-1.7-1.6-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 88.610710289.929.23.40.3011.530.523
Sales YoY Gr.-20.3%-4.6%-11.5%-67.5%-88.4%-91.2%-86.7%28,700%165%-
Adj EPS -000000-0.2-0.1000
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 2.9222221.51.41.90.91.9
Adj Net
Profit
-0.7-0.2-0.30.200.6-44.5-27.5-0.60.40
Cash Flow from Ops. -0.515.727.720.20-15.9-3.222.218.76.2-
Debt/CF from Ops. -427.600051739.5-9.2-46.2000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -11.2%0.9%366.9%165%
Adj EPS NANANANA
BVPS-11.9%-13.6%-14.4%-49.7%
Share Price 31.7% 129% 193.2% 2000%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.2-0.1-0.10.100.1-13-9.7-0.20.10
Op. Profit
Mgn %
0-0.1-00.20-3.4-3-228-5.51.64.6
Net Profit
Mgn %
-0.7-0.2-0.30.2016.4-14862.9-64081.5-5.41.30
Debt to
Equity
1.10000.40.40.5000-
Working Cap
Days
1,4149588668613,48634,2743,37,42815,62,9033,8191,8041,880
Cash Conv.
Cycle
-143-149-123-120-416-3,039-29,777-4,04,718-895-578-624

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.00%

Sales growth is growing at healthy rate in last 3 years 366.88%

Sales growth is good in last 4 quarters at 201.01%

No data to display

Latest Financials - Avance Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 0 0
TTM Sales (₹ Cr.) 22.8 29.2
BVPS (₹.) 1.9 0
Reserves (₹ Cr.) 174 176
P/BV 0.70 0.00
PE 277.72 0.00
From the Market
52 Week Low / High (₹) 0.06 / 1.71
All Time Low / High (₹) 0.02 / 12.44
Market Cap (₹ Cr.) 262
Equity (₹ Cr.) 198.2
Face Value (₹) 1
Industry PE 33.5

Management X-Ray of Avance Technology:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Avance Technology

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8910710290293001231
Operating Expenses 9310910290294001230
Manufacturing Costs0000000000
Material Costs8810610190293001230
Employee Cost 0000000000
Other Costs 4300000000
Operating Profit -4-2000000-10
Operating Profit Margin (%) -4.5%-2.0%0.0%0.2%0.0%-3.4%-3.0%-474.0%-5.5%1.6%
Other Income 1100010000
Interest 0000000000
Depreciation 0000000000
Exceptional Items 00-1000-51-2700
Profit Before Tax -3-1-1001-51-28-11
Tax 0000000000
Profit After Tax -3-1-1001-51-28-10
PAT Margin (%) -3.8%-1.0%-1.1%0.2%0.0%16.4%-16,894.4%-64,254.1%-5.3%1.3%
Adjusted EPS (₹)-0.10.00.00.00.00.0-0.3-0.10.00.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 187388386387387387297270371371
Share Capital 64198198198198198198198198198
Reserves 1231891881881881899971173173
Minority Interest0000000000
Debt201000150146146000
Long Term Debt0000000000
Short Term Debt201000150146146000
Trade Payables91725760613931305663
Others Liabilities 0002000000
Total Liabilities 480460444448598572475300427435

Fixed Assets

Gross Block3000000000
Accumulated Depreciation3000000000
Net Fixed Assets0000000000
CWIP 0000000000
Investments 179197224244244288205202284276
Inventories18192021202020047
Trade Receivables26121071143021
Cash Equivalents 3000000000
Others Assets25323119117632326124798137151
Total Assets 480460444448598572475300427435

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 01628200-16-322196
PBT -3-10001-90-28-11
Adjustment -11000-1812700
Changes in Working Capital 31628200-15622196
Tax Paid 00000-10000
Cash Flow From Investing Activity 3-19-28-20-150-3932-817
Capex 0000000000
Net Investments 3-18-28-200-4432-817
Others 1-100-15050000
Cash Flow From Financing Activity 0000150550-2462-14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000150550-2462-14
Net Cash Flow 3-300000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-1.78-0.39-0.280.0500.14-14.79-9.73-0.190.11
ROCE (%)-0.86-0.3-0.280.060.010.14-10.37-7.73-0.190.14
Asset Turnover Ratio0.170.230.220.20.060.01000.030.07
PAT to CFO Conversion(x)N/AN/AN/AINFNAN-16N/AN/AN/AINF
Working Capital Days
Receivable Days2346539331127854,04107621
Inventory Days756470832592,1670012062
Payable Days4532812332407695,419001,316727

Avance Technologies Ltd Stock News

Avance Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Avance Technology on 28-Mar-2024 16:01 is ₹1.26.
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 28-Mar-2024 16:01 the market cap of Avance Technology stood at ₹261.6.
The latest P/E ratio of Avance Technology as of 28-Mar-2024 16:01 is 277.7.
The latest P/B ratio of Avance Technology as of 28-Mar-2024 16:01 is 0.70.
The 52-week high of Avance Technology is ₹1.71 and the 52-week low is ₹0.06.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avance Technology is ₹22.82 ( Cr.) .

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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