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Avance Technologies Ltd.

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avance.inBSE: -NSE: AVANCE
Market Cap₹ 163 Cr.
Current Price
High / Low₹ 1 / 1
Stock P/E13.2
Book Value₹ 2
Price to Book0.31
Dividend Yield0.00 %
ROCE0.9 %
ROE0.6 %
Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence
68%
View full sector analysis →

PROS

  • Company is almost debt free
  • Operating margins have improved to 1.8% from -5.3%
  • Working capital cycle has improved - days down from -42 to -120
  • Company generates healthy free cash flow

CONS

  • Operating cash flow has been negative in recent years
  • A large part of profit comes from other income (67.8% of PBT)
  • Company has a low return on capital employed of 0.5%
  • Company has a low return on equity of 0.4% over last 3 years
  • Interest coverage is weak at 0.0x - earnings barely cover interest
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.29x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.TCS2300.9016.72832485.764.7813420.004.6972275.0013.9366.2525.67
2.INFY1130.0015.14458580.274.257775.0012.2948211.0014.0342.8423.66
3.HCLTECH1294.0020.15351148.264.174626.0020.3434579.0013.9431.2019.87
4.WIPRO176.8013.25175109.016.223356.300.5924478.6010.5918.4918.93
5.TECHM1592.0030.38156037.293.201486.3031.6715711.9017.6823.0417.43
6.LTM4550.0025.80134962.701.651468.6017.0611608.0017.9630.2517.75
7.OFSS12067.3530.79105086.263.3114155.002105.1731252.001587.2945.5060.04
8.PERSISTENT5655.0046.3889207.620.71483.0413.674303.2329.0935.0916.19
9.COFORGE1967.4549.6187153.720.80531.7049.195527.7049.8624.7019.14
10.MPHASIS2425.3524.2346294.462.56489.5110.824384.0517.4623.3118.15
11.LTTS3492.4528.0737047.051.66357.1012.972940.1011.4727.7018.65
12.AVANCE0.8211.54162.520.002.4752.1360.6562.071.812.52
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
31644742020132525262518
21534841820152625262519
Operating Profit010-102-0-2-0-0-0-0-1
OPM %7.03%4.30%3.87%-2.78%9.46%9.55%-0.40%-13.02%-1.59%-0.24%-0.16%-0.36%-3.70%
00030002111111
Interest0000000000000
Depreciation00000000000-00
Profit before Tax01010200111110
Tax %0.00%0.00%0.00%12.30%0.00%0.00%0.00%265.22%0.00%0.00%0.00%5.78%0.00%
Net Profit0101020-0111100
0.000.020.000.030.000.010.000.000.000.000.000.050.00

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
10290293001231695894
10290294001230705795
Operating Profit-00-0-0-0-0-10-01-1
OPM %-0.03%0.22%-0.03%-3.38%-3.00%-474.59%-5.49%1.61%-0.44%1.79%-0.91%
-1001-51-27003214
Interest00000000000
Depreciation00000000000
Profit before Tax-10-01-51-28-112313
Tax %-0.09%0.42%-79.31%26.07%-0.00%-0.00%-0.00%19.24%6.73%35.51%4.86%
Net Profit-10-01-51-28-102212
EPS0.000.000.000.030.000.000.000.000.010.01—
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%—

COMPOUNDED SALES GROWTH

10 Years:
-6%
5 Years:
187%
3 Years:
71%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
—
3 Years:
—

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
—

RETURN ON EQUITY

10 Years:
-2%
5 Years:
-2%
3 Years:
0%
Last Year:
1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

No bonus data found

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital198198198198198198198198198198
1881881881899971173173175177
0015014614600000
Trade Payables57606139313056635560
0200000011
Total Liabilities444448598572475300427435429436
224244244288205202284276242235
202120202004700
0000000088
20018333426425098140152180193
Total Assets444448598572475300427435429436

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
28200-15-322196-6-6
Cash from Investing-28-20-150-3932-817356
Cash from Financing00150550-2462-14-290
-00-0-000-0000

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
PER SHARE
EPS (₹)-0.010.00-0.000.03-2.55-1.39-0.030.010.010.01
Book Value (₹)1.951.9519.5119.5415.0013.6118.719.371.881.89
Dividend per Share (₹)0.000.000.000.000.000.000.000.000.000.00
Cash EPS (₹)-0.010.01-0.000.00-0.26-0.14-0.000.000.010.01
PROFITABILITY
Operating Margin %0.11%0.24%0.15%22.29%6.74%-181.59%-5.35%1.65%-0.44%1.79%
Net Margin %-1.08%0.24%-0.04%16.39%0.00%0.00%-5.35%1.33%3.00%3.58%
ROE %-0.28%0.05%-0.00%0.14%-14.79%-9.73%-0.19%0.11%0.56%0.55%
ROCE %-0.28%0.06%0.01%0.14%-10.37%-7.73%-0.19%0.14%0.60%0.86%
-0.24%0.05%-0.00%0.10%-9.67%-7.11%-0.17%0.09%0.48%0.48%
EFFICIENCY
Debtor Days39331127854041076212450
Inventory Days70832592167001206200
Payable Days2332407695419001316727311371
-125-124-398-246840410-1120-644-287-322
FINANCIAL HEALTH
Debt to Equity (x)0.00x0.00x0.39x0.38x0.49x0.00x0.00x0.00x0.00x0.00x
Interest Coverage (x)-280.77x356.00x0.89x172.16x0.00x0.00x0.00x5028.00x7425.67x0.00x
0.53x0.47x0.86x0.92x0.95x0.04x0.82x0.75x0.86x0.68x
GROWTH
Revenue Growth %-4.63%-11.51%-67.50%-88.37%-91.18%-85.68%0.00%165.13%126.94%-16.39%
Operating Profit Growth %109.94%97.67%-79.07%1594.63%-97.33%-485.64%-690.63%181.64%343.06%44.34%
Net Profit Growth %1.72%119.34%-104.90%5453.85%-9190.46%45.54%97.77%165.92%411.67%-0.18%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.94%0.00%
VALUATION
P/E (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x120.00x56.19x
P/B (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.67x0.31x
Dividend Yield %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
0.00x0.00x0.00x0.00x0.00x0.00x0.00x0.00x112.06x36.25x

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
0.680.680.680.680.680.680.680.680.68
FIIs0.000.000.000.000.000.000.000.000.00
DIIs0.000.000.000.000.000.000.000.000.00
Government0.000.000.000.000.000.000.000.000.00
99.3299.3299.3299.3299.3299.3299.3299.3299.32

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for AVANCE

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