Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.97 | 19.02 | 105.75 | 46.86 | 44.21 | 32.38 | 48.31 | 37.42 | 41.40 | 49.50 | 30.94 | 60.65 |
| Expenses | 16.28 | 17.10 | 106.04 | 44.67 | 41.48 | 30.81 | 50.16 | 36.75 | 43.13 | 48.38 | 31.48 | 59.12 |
| Operating Profit | 0.69 | 1.92 | -0.29 | 2.19 | 2.73 | 1.57 | -1.85 | 0.67 | -1.73 | 1.12 | -0.54 | 1.53 |
| OPM % | 4.07% | 10.09% | -0.27% | 4.67% | 6.18% | 4.85% | -3.83% | 1.79% | -4.18% | 2.26% | -1.75% | 2.52% |
| Other Income | 0.00 | 0.00 | 2.53 | 0.00 | 0.00 | 0.19 | 2.01 | 0.95 | 0.97 | 0.94 | 10.98 | 0.94 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.00 | 0.01 | 0.04 | 0.07 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | -0.01 | 0.00 |
| Profit before tax | 0.69 | 1.92 | 2.24 | 2.19 | 2.73 | 1.74 | 0.15 | 1.62 | -0.78 | 2.01 | 10.38 | 2.47 |
| Tax % | 0.00% | 0.00% | 4.46% | 0.00% | 0.00% | 0.00% | 1,006.67% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% |
| Net Profit | 0.69 | 1.92 | 2.15 | 2.19 | 2.73 | 1.74 | -1.36 | 1.62 | -0.77 | 2.01 | 10.37 | 2.47 |
| EPS in Rs | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.01 | 0.01 | -0.00 | 0.01 | 0.05 | 0.01 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 90 | 29 | 31 | 144 | 172 | 159 | 182 |
| Expenses | 102 | 90 | 29 | 30 | 142 | 167 | 160 | 182 |
| Operating Profit | -0 | 0 | 0 | 0 | 2 | 5 | -1 | 0 |
| OPM % | -0.0% | 0.2% | 0.7% | 1.6% | 1.7% | 3.0% | -0.3% | 0.2% |
| Other Income | -1 | 0 | 0 | 0 | 3 | 2 | 14 | 14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -1 | 0 | 0 | 0 | 5 | 7 | 13 | 14 |
| Tax % | 0% | 0% | 29% | 20% | 3% | 28% | 0% | |
| Net Profit | -1 | 0 | 0 | 0 | 5 | 5 | 13 | 14 |
| EPS in Rs | -0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.07 | 0.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 5% | % | 73% | 12% | ||
| Compounded Profit Growth | 63% | % | 218% | 198% | ||
| Stock Price CAGR | 11% | % | 34% | -69% | ||
| Return on Equity | % | % | 2% | 3% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 198 | 198 | 198 | 198 | 198 | 198 | 198 |
| Reserves | 188 | 188 | 189 | 173 | 178 | 183 | 196 |
| Borrowings | 0 | 0 | 150 | 0 | 0 | 56 | 164 |
| Other Liabilities | 58 | 62 | 62 | 63 | 113 | 63 | 91 |
| Total Liabilities | 444 | 448 | 598 | 435 | 489 | 500 | 649 |
| 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 |
| Other Assets | 220 | 226 | 376 | 159 | 239 | 265 | 458 |
| Total Assets | 444 | 448 | 598 | 435 | 489 | 500 | 649 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 28 | -1 | 0 | 6 | 30 | -68 | -137 |
| Cash from Investing Activity | -28 | 2 | -150 | 7 | 26 | 18 | 57 |
| Cash from Financing Activity | 0 | 0 | 150 | -14 | -42 | 56 | 108 |
| Net Cash Flow | -0 | 0 | -0 | 0 | 15 | 6 | 28 |
| Free Cash Flow | 26 | -1 | 0 | 6 | 30 | -68 | -137 |
| CFO/OP | -69,125% | -670% | 53% | 1,278% | 1,226% | -1,290% | 24,460% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 28 | 138 | 14 | 31 | 23 | 97 |
| Inventory Days | 71 | 86 | 257 | 81 | 50 | 78 | 208 |
| Days Payable | 207 | 245 | 777 | 771 | 290 | 136 | 206 |
| Cash Conversion Cycle | -101 | -132 | -382 | -677 | -209 | -35 | 99 |
| Working Capital Days | -101 | -136 | -377 | -664 | -205 | 5 | 102 |
| ROCE % | 0% | 0% | 1% | 2% | 3% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Public | 99.31% | 99.31% | 99.32% | 99.31% | 99.32% | 99.30% | 99.31% | 99.33% | 99.33% | 99.32% | 99.31% | 99.32% |
| No. of Shareholders | 36,418 | 49,912 | 75,261 | 1,57,589 | 2,70,359 | 3,72,843 | 3,89,916 | 3,83,464 | 4,06,061 | 4,03,074 | 3,95,173 | 3,84,664 |
Fundamentals
Market Cap₹ 167 Cr.
Current Price₹ 0.85
Stock P/E11.8
Book Value₹ 1.99
ROCE2.68 %
ROE3.42 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)198%
Consolidated figures.
Valuation
Market capRs 157 Cr
Enterprise valueRs 157 Cr
P/E (TTM)11.13x
Price to book0.42x
Price to sales0.86x
EV / EBITDA11.13x
EV / EBIT11.13x
EV / sales0.86x
Price to cash flow25.44x
Earnings yield8.98%
P/E, 3-year average101.56x
P/B, 3-year average0.05x
Profitability
Operating margin (excl. other income)1.60%
Operating margin (incl. other income)1.64%
EBITDA margin7.72%
Pre-tax margin7.72%
Net profit margin7.72%
Net margin, latest quarter4.07%
ROE0.11%
ROCE0.11%
ROA0.08%
ROE, 3-year average0.06%
ROCE, 3-year average0.07%
ROA, 3-year average0.05%
ROIC (approx.)3.03%
Tax rate20.00%
Other income / net worth0.00%
Growth
Sales growth (latest year)4.48%
Profit growth (latest year)241.67%
Sales CAGR, 3 years-33.02%
Sales growth QoQ96.02%
Profit growth QoQ-76.18%
Sales growth YoY (latest quarter)62.08%
Profit growth YoY (latest quarter)52.47%
Per share
EPS (TTM)Rs 0.07
EPS (latest year)Rs 0.02
EPS (latest quarter)Rs 0.01
EPS, 3-year averageRs 0.01
Book value per shareRs 1.90
Sales per shareRs 0.93
Cash flow per shareRs 0.03
Free cash flow per shareRs -0.70
Efficiency
Asset turnover0.07x
Inventory turnover4.52x
Inventory days81 days
Debtor days14 days
Debtors turnover26.55x
Creditor days206 days
Cash conversion cycle99 days
Working capital days102 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.00x
Owners' fund to total sources85.41%
Cash flow
Cash from Operating Activity (latest year)Rs 6 Cr
Cash from Investing Activity (latest year)Rs 7 Cr
Cash from Financing Activity (latest year)Rs -14 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -137 Cr
Cash from ops / profit, 5 years-7.35x
Sales to cash flow4.96x
Statement figures
Net sales (TTM)Rs 182 Cr
Net sales (latest year)Rs 31 Cr
Sales (latest quarter)Rs 61 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 14 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 14 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 2 Cr
Cost of goods sold (latest year)Rs 30 Cr
Total expenditure (latest year)Rs 30 Cr
Total income (latest year)Rs 31 Cr
Share capitalRs 198 Cr
ReservesRs 173 Cr
Shareholders' fundsRs 371 Cr
Total assetsRs 435 Cr
InvestmentsRs 276 Cr
ReceivablesRs 1 Cr
InventoryRs 7 Cr
Other liabilitiesRs 63 Cr
Shares outstanding (crore)195.91
Ownership
Promoter holding0.68% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.42 is at the 27th percentile (median 0.46).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | AVANCE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.0% | -2.8% | +2.8 pts |
| 1 month | -2.4% | -6.8% | +4.4 pts |
| 3 years | +128.6% | +14.2% | +114.4 pts |
| 5 years | +1500.0% | +27.9% | +1472.1 pts |
Red flags
F-score 8 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹61 Cr +62.1% vs Jun 2025.
Net profit ₹2 Cr +52.5%.
Against our estimate for Jun 2026: sales +49.4%, profit +45.1% in line. Our estimate for Sep 2026: sales Rs 47 Cr, profit Rs 2 Cr (how).
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Avance Technologies Ltd?
Avance Technologies Ltd (AVANCE) has a market capitalisation of Rs 167 Cr. at the 2026-10-01 close.
What is the P/E ratio of Avance Technologies Ltd?
Avance Technologies Ltd trades at a P/E of 11.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Avance Technologies Ltd's latest quarterly results?
In the Jun 2026 quarter, Avance Technologies Ltd sales was Rs 61 Cr (+62.1% vs Jun 2025) and net profit was Rs 2 Cr.
What is the 52-week high and low of Avance Technologies Ltd?
The 52-week high is Rs 0.94 and the 52-week low is Rs 0.75.