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Last Updated: April 2, 2026, 4:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 512149 | NSE: AVANCE

Avance Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.80Undervalued by 191.67%vs CMP ₹0.96

P/E (127.0) × ROE (1.4%) × BV (₹1.93) × DY (2.00%)

₹1.45Undervalued by 51.04%vs CMP ₹0.96
MoS: +33.8% (Strong)Confidence: 38/100 (Low)Models: 2 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.8136%Under (+192.7%)
Graham NumberEarnings₹0.6621%Over (-31.3%)
Net Asset ValueAssets₹1.9311%Under (+101%)
Earnings YieldEarnings₹0.1011%Over (-89.6%)
ROCE CapitalReturns₹0.0111%Over (-99%)
Revenue MultipleRevenue₹0.879%Fair (-9.4%)
Consensus (6 models)₹1.45100%Undervalued
Key Drivers: P/E of 127 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 1.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.2%

*Investments are subject to market risks

Investment Snapshot

40
Avance Technologies Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health39/100 · Weak
ROCE 1.8% WeakROE 1.4% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 0.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 3% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -23% YoY DecliningProfit (4Q): -83% YoY Declining
Industry Rank40/100 · Moderate
P/E 127.0 vs industry 98.1 In-lineROCE 1.8% vs industry 14.9% Below peersROE 1.4% vs industry 21.0% Below peers3Y sales CAGR: 81% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Avance Technologies Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 127.0 vs Ind 98.1 | ROCE 1.8% | ROE 1.4% | CFO/NP N/A
Balance Sheet Stress
40/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.47x | Borrow/Reserve 0.64x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹5 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+45
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +19.6% | Q NP +361.0% | Q OPM +6.4 pp
Derived FieldValueHow it is derived
Valuation Gap %+51.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.64xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-2,987Latest shareholder count minus previous count
Quarterly Sales Change+19.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+361.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+6.4 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:00 am

Market Cap 190 Cr.
Current Price 0.96
Intrinsic Value₹1.45
High / Low 3.15/0.57
Stock P/E127
Book Value 1.93
Dividend Yield0.00 %
ROCE1.81 %
ROE1.40 %
Face Value 1.00
PEG Ratio637.53

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Avance Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Avance Technologies Ltd 190 Cr. 0.96 3.15/0.57127 1.930.00 %1.81 %1.40 % 1.00
Goldstone Technologies Ltd 179 Cr. 34.2 80.5/29.7 57.10.00 %2.28 %3.98 % 10.0
Spacenet Enterprises India Ltd 178 Cr. 3.14 11.2/3.0075.9 2.520.00 %3.40 %2.52 % 1.00
DRC Systems India Ltd 219 Cr. 15.2 29.8/11.511.3 5.250.00 %30.0 %26.8 % 1.00
FCS Software Solutions Ltd 224 Cr. 1.31 3.28/1.05 2.520.00 %2.33 %0.86 % 1.00
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Avance Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.670.582.5616.9719.02105.7546.8644.2132.3848.3137.4241.4049.50
Expenses 3.590.552.3816.2817.10106.0444.6741.4830.8150.1636.7543.1348.38
Operating Profit 0.080.030.180.691.92-0.292.192.731.57-1.850.67-1.731.12
OPM % 2.18%5.17%7.03%4.07%10.09%-0.27%4.67%6.18%4.85%-3.83%1.79%-4.18%2.26%
Other Income 0.000.000.000.000.002.530.000.000.192.010.950.970.94
Interest 0.000.000.000.000.000.000.000.000.020.010.000.010.04
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.010.01
Profit before tax 0.080.030.180.691.922.242.192.731.740.151.62-0.782.01
Tax % 0.00%333.33%0.00%0.00%0.00%4.46%0.00%0.00%0.00%1,006.67%0.00%0.00%0.00%
Net Profit 0.08-0.070.180.691.922.152.192.731.74-1.361.62-0.772.01
EPS in Rs 0.00-0.000.000.000.010.010.010.010.01-0.010.01-0.000.01

Last Updated: March 3, 2026, 1:09 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 3:16 pm

MetricMar 2016Mar 2017Mar 2018Mar 2023Mar 2024Mar 2025TTM
Sales 102902931144172177
Expenses 102902930142167178
Operating Profit -000025-2
OPM % -0%0%1%2%2%3%-1%
Other Income -1000325
Interest 0000000
Depreciation 0000000
Profit before tax -1000573
Tax % 0%0%29%20%3%28%
Net Profit -1000551
EPS in Rs -0.010.000.000.000.020.030.01
Dividend Payout % 0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172024-2025
YoY Net Profit Growth (%)100.00%0.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%

Avance Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 2 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-14%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-32%
Stock Price CAGR
10 Years:26%
5 Years:103%
3 Years:245%
1 Year:125%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:1%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: December 4, 2025, 2:17 am

MonthMar 2016Mar 2017Mar 2018Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 198198198198198198198
Reserves 188188189173178183184
Borrowings 001500056117
Other Liabilities 586262631136365
Total Liabilities 444448598435489500564
Fixed Assets 0000000
CWIP 0000000
Investments 224222223276250235199
Other Assets 220226376159239265365
Total Assets 444448598435489500564

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 28-10630-68
Cash from Investing Activity + -282-15072618
Cash from Financing Activity + 00150-14-4256
Net Cash Flow -00-00156
Free Cash Flow 26-10630-68
CFO/OP -69,125%-670%53%1,278%1,226%-1,300%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.00-150.000.002.00-51.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2023Mar 2024Mar 2025
Debtor Days 3428138143123
Inventory Days 7186257815078
Days Payable 207245777771290136
Cash Conversion Cycle -101-132-382-677-209-35
Working Capital Days -101-136-377-664-205-114
ROCE %0%0%1%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 0.88%0.88%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%
Public 99.10%99.12%99.31%99.31%99.32%99.31%99.32%99.30%99.31%99.33%99.33%99.32%
No. of Shareholders 18,22923,77536,41849,91275,2611,57,5892,70,3593,72,8433,89,9163,83,4644,06,0614,03,074

Shareholding Pattern Chart

No. of Shareholders

Avance Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 18Mar 17
FaceValue 1.001.0010.0010.001.00
Basic EPS (Rs.) 0.260.240.020.010.00
Diluted EPS (Rs.) 0.260.240.020.010.00
Cash EPS (Rs.) 0.020.020.020.010.00
Book Value[Excl.RevalReserv]/Share (Rs.) 1.921.9018.7319.511.95
Book Value[Incl.RevalReserv]/Share (Rs.) 1.921.9018.7319.511.95
Revenue From Operations / Share (Rs.) 0.860.721.541.470.45
PBDIT / Share (Rs.) 0.030.020.020.010.00
PBIT / Share (Rs.) 0.030.020.020.010.00
PBT / Share (Rs.) 0.030.020.020.010.00
Net Profit / Share (Rs.) 0.020.020.020.010.00
NP After MI And SOA / Share (Rs.) 0.020.020.020.010.00
PBDIT Margin (%) 4.283.481.640.750.23
PBIT Margin (%) 4.283.481.640.750.23
PBT Margin (%) 4.273.481.640.570.23
Net Profit Margin (%) 3.083.381.320.410.23
NP After MI And SOA Margin (%) 3.083.381.320.410.23
Return on Networth / Equity (%) 1.391.290.100.030.05
Return on Capital Employeed (%) 1.931.330.130.050.05
Return On Assets (%) 1.060.990.090.020.04
Total Debt / Equity (X) 0.140.000.000.380.00
Asset Turnover Ratio (%) 0.340.310.000.050.20
Current Ratio (X) 1.000.760.740.860.47
Quick Ratio (X) 0.700.580.640.760.13
Inventory Turnover Ratio (X) 6.220.000.000.000.00
Interest Coverage Ratio (X) 468.7716774.335028.004.36355.83
Interest Coverage Ratio (Post Tax) (X) 338.7316274.334061.003.38354.50
Enterprise Value (Cr.) 152.21234.936.68171.2161.08
EV / Net Operating Revenue (X) 0.881.630.215.860.67
EV / EBITDA (X) 20.6846.6813.29779.62286.10
MarketCap / Net Operating Revenue (X) 0.681.730.220.720.68
Price / BV (X) 0.300.660.010.050.15
Price / Net Operating Revenue (X) 0.681.730.220.720.68
EarningsYield 0.040.010.050.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Avance Technologies Ltd. is a Public Limited Listed company incorporated on 30/01/1985 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51900MH1985PLC035210 and registration number is 035210. Currently company belongs to the Industry of IT Consulting & Software. Company's Total Operating Revenue is Rs. 57.93 Cr. and Equity Capital is Rs. 198.19 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & Software#B-404, Technocity IT Park, MIDC, Mahape, Navi Mumbai Maharashtra 400705Contact not found
Management
NamePosition Held
Mr. Latesh PoojaryChairman & Managing Director
Mr. Vasant BhoirNon Executive Director
Mr. Deepak ManeNon Executive Director
Mrs. Shakila Ramjansha MakandarIndependent Director
Mr. Sanjay DevlekarIndependent Director
Mr. Akshay NawaleIndependent Director

FAQ

What is the intrinsic value of Avance Technologies Ltd and is it undervalued?

As of 07 April 2026, Avance Technologies Ltd's intrinsic value is ₹1.45, which is 51.04% higher than the current market price of ₹0.96, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.40 %), book value (₹1.93), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Avance Technologies Ltd?

Avance Technologies Ltd is trading at ₹0.96 as of 07 April 2026, with a FY2026-2027 high of ₹3.15 and low of ₹0.57. The stock is currently near its 52-week low. Market cap stands at ₹190 Cr..

How does Avance Technologies Ltd's P/E ratio compare to its industry?

Avance Technologies Ltd has a P/E ratio of 127, which is above the industry average of 98.13. The premium over industry average may reflect growth expectations or speculative interest.

Is Avance Technologies Ltd financially healthy?

Key indicators for Avance Technologies Ltd: ROCE of 1.81 % is on the lower side compared to the industry average of 14.90%; ROE of 1.40 % is below ideal levels (industry average: 21.00%). Dividend yield is 0.00 %.

Is Avance Technologies Ltd profitable and how is the profit trend?

Avance Technologies Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹172 Cr. Compared to ₹0 Cr in Mar 2018, the net profit shows an improving trend.

Does Avance Technologies Ltd pay dividends?

Avance Technologies Ltd has a dividend yield of 0.00 % at the current price of ₹0.96. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Avance Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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