Avance Technology

₹1 -0 | 1%

WEBSITE BSE:512149 NSE : ADVANCE TECH 18 May, 12:50

Market Cap ₹194 Cr.

Stock P/E 70.5

P/B 0.5

Current Price ₹1

Book Value ₹ 1.9

Face Value 1

52W High ₹1.7

Dividend Yield 0%

52W Low ₹ 0.2

Edit Ratio

Avance Technology Research see more...

Overview Inc. Year: 1985Industry: IT - Software

Avance Technologies Limited is a digital marketing and mobile data services company that was founded in 1985 as VMC Software Limited and changed its name in 2007. Based in Mumbai, company offers a range of solutions, such as social media marketing, mobile apps marketing, WhatsApp marketing, ecommerce, video creation and marketing, influencer marketing, content and SEO strategy, marketing automation, and performance marketing, to businesses. The company has a market capitalization of Rs. 241 crore, a share price of Rs. 1.22, a Piotroski score of 44%, and a promoter holding of 0.88% as of February 9, 2024. The company’s promoters are Srikrishna Bhamidipati and Deepak Satyaprakash Goyal, who are also the chairman and managing director and a non-executive director, respectively. The company’s management team also includes Vasant Bhoir, Deepak Mane, Akshay Nawale, Shakila Makandar, Sanjay Devlekar, Sneha Shrivastava, and Vijay Purohit as non-executive directors and the chief financial officer.

Avance Technology Share Price

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Peer Comparison

Avance Technology Quarterly Results

#(Fig in Cr.)	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Mar 2023
Net Sales	0	0	0	0	0	0	5	1	5	1
Other Income	0	0	0	0	0	0	-0	0	0	0
Total Income	0	0	0	0	0	0	5	1	5	1
Total Expenditure	0	0	0	0	0	0	5	1	6	1
Operating Profit	-0	0	-0	-0	-0	-0	0	0	-1	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	-33	-1	-2	-3	-21	0	0	0	0	0
Profit Before Tax	-33	-1	-2	-3	-21	-0	0	0	-1	0
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-33	-1	-2	-3	-21	-0	0	0	-1	-0
Adjustments	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	-33	-1	-2	-3	-21	-0	0	0	-1	-0
Adjusted Earnings Per Share	-0.2	-0	-0	-0	-0.1	-0	0	0	-0	-0

Avance Technology Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	128	89	107	102	90	29	3	0	0	12	31	12
Other Income	1	1	1	0	0	0	1	0	0	0	0	0
Total Income	129	89	108	102	90	29	4	0	0	12	31	12
Total Expenditure	129	93	109	102	90	29	4	0	0	12	30	13
Operating Profit	-0	-3	-1	0	0	0	1	0	-0	-1	1	-1
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	-1	0	0	0	-51	-27	0	0	0
Profit Before Tax	-0	-3	-1	-1	0	-0	1	-51	-28	-1	1	-1
Provision for Tax	-0	0	-0	0	0	0	0	0	0	0	0	0
Profit After Tax	-0	-3	-1	-1	0	-0	1	-51	-28	-1	0	-1
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	-3	-1	-1	0	-0	1	-51	-28	-1	0	-1
Adjusted Earnings Per Share	-0	-0.1	-0	-0	0	-0	0	-0.3	-0.1	-0	0	0

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	158%	0%	1%	-13%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	341%	59%	120%	22%
ROE Average	0%	-3%	-5%	-2%
ROCE Average	0%	-3%	-4%	-2%

Avance Technology Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	390	187	388	386	387	387	387	297	270	371	371
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Total Current Liabilities	182	292	72	58	62	212	185	177	31	56	63
Total Liabilities	572	480	460	444	448	598	572	475	300	427	435
Fixed Assets	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	450	429	428	414	419	416	403	306	299	381	387
Total Current Assets	122	51	32	30	29	182	170	169	1	46	47
Total Assets	572	480	460	444	448	598	572	475	300	427	435

Avance Technology Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	0	3	0	0	0	0	0	0	0	0
Cash Flow from Operating Activities	-122	-0	16	28	20	0	-16	-3	22	19	6
Cash Flow from Investing Activities	-13	3	-19	-28	-20	-150	-39	3	2	-81	7
Cash Flow from Financing Activities	134	0	0	0	0	150	55	0	-24	62	-14
Net Cash Inflow / Outflow	-1	3	-3	-0	0	-0	-0	0	0	-0	0
Closing Cash & Cash Equivalent	0	3	0	0	0	0	0	0	0	0	0

Avance Technology Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-0.01	-0.05	-0.01	-0.01	0	-0	0	-0.26	-0.14	-0	0
CEPS(Rs)	-0.01	-0.05	-0.01	-0.01	0.01	-0	0	-0.26	-0.14	-0	0
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	2.98	2.93	1.96	1.95	1.95	1.95	1.95	1.5	1.36	1.87	0.94
Core EBITDA Margin(%)	-0.74	-4.48	-1.99	-0.03	0.22	-0.03	-3.38	-3	-474.59	-5.49	1.61
EBIT Margin(%)	-0.37	-3.8	-1.08	-1.07	0.24	0.15	22.29	0	0	-5.35	1.65
Pre Tax Margin(%)	-0.37	-3.81	-1.09	-1.08	0.24	-0.02	22.16	0	0	-5.35	1.65
PAT Margin (%)	-0.35	-3.81	-1.05	-1.08	0.24	-0.04	16.39	0	0	-5.35	1.33
Cash Profit Margin (%)	-0.3	-3.73	-0.99	-1.08	0.24	-0.04	16.39	0	0	-5.35	1.33
ROA(%)	-0.08	-0.64	-0.24	-0.24	0.05	-0	0.1	-9.67	-7.11	-0.17	0.09
ROE(%)	-0.26	-1.78	-0.39	-0.28	0.05	-0	0.14	-14.79	-9.73	-0.19	0.11
ROCE(%)	-0.12	-0.86	-0.3	-0.28	0.06	0.01	0.14	-10.37	-7.73	-0.19	0.14
Receivable days	320.01	233.81	64.56	38.57	33.38	111.86	785.04	4040.71	0	76.08	21.24
Inventory Days	51.17	74.84	64.22	70.19	82.9	258.63	2166.57	0	0	119.66	61.94
Payable days	279.72	452.94	280.69	233.36	239.88	768.78	5419.45	0	0	1315.85	727.04
PER(x)	0	0	0	0	289.67	0	6.76	0	0	0	68
Price/Book(x)	0.04	0.03	0.1	0.16	0.16	0.05	0.01	0.01	0	0	0.07
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.08	2.29	0.37	0.6	0.68	5.86	44.05	499.57	4613.9	17.21	0.44
EV/Core EBITDA(x)	-24.81	-61.56	-36.15	567.52	285.97	3830.09	197.61	7409.48	-2540.9	-321.72	26.69
Net Sales Growth(%)	-17.87	-30.79	20.3	-4.63	-11.51	-67.5	-88.37	-91.18	-85.68	0	165.13
EBIT Growth(%)	40.69	-613.85	65.78	5.29	119.56	-79.07	1594.63	-6781.94	45.54	97.77	181.64
PAT Growth(%)	60.12	-642.91	66.89	1.72	119.34	-104.9	5453.85	-9190.46	45.54	97.77	165.92
EPS Growth(%)	60.19	-642.91	89.3	1.72	119.34	-104.9	5454.99	-9188.53	45.54	97.77	132.26
Debt/Equity(x)	0.01	1.07	0	0	0	0.39	0.38	0.49	0	0	0
Current Ratio(x)	0.67	0.17	0.44	0.53	0.47	0.86	0.92	0.95	0.04	0.82	0.75
Quick Ratio(x)	0.57	0.11	0.18	0.19	0.13	0.76	0.81	0.84	0.04	0.75	0.64
Interest Cover(x)	-432.58	-1776.19	-314	-280.77	356	0.89	172.16	0	0	0	5028
Total Debt/Mcap(x)	0.25	39.29	0	0	0	7.08	38.76	38.76	0	0	0

Avance Technology Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.88	0.88	0.88	0.88	0.88	0.88	0.88	0.68	0.68	0.68
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	99.12	99.12	99.12	99.12	99.12	99.12	99.12	99.32	99.32	99.32
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.17	0.17	0.17	0.17	0.17	0.17	0.35	0.27	1.35	1.35
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	19.64	19.64	19.64	19.64	19.64	19.64	39.29	39.37	196.84	196.84
Others	0	0	0	0	0	0	0	0	0	0
Total	19.82	19.82	19.82	19.82	19.82	19.82	39.64	39.64	198.19	198.19

Pros

Stock is trading at 0.5 times its book value
Debtor days have improved from 1315.85 to 727.04days.
Company is almost debt free.

Cons

Promoter holding is low: 0.68%.
Company has a low return on equity of -3% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.