BSE:512149

Stock Analysis Report

Avance Technologies

Executive Summary

Avance Technologies Limited engages in the resale of software and hardware products in India.

Rewards

Trading at 99.8% below its fair value

Earnings grew by 363.6% over the past year

Risk Analysis

Makes less than USD$1m in revenue (₹34M)

Does not have a meaningful market cap (₹38M)



Snowflake Analysis

Undervalued with solid track record.

Share Price & News

How has Avance Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 512149 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

512149

-1.0%

IN Electronic

0.2%

IN Market


1 Year Return

0%

512149

17.3%

IN Electronic

7.2%

IN Market

Return vs Industry: 512149 underperformed the Indian Electronic industry which returned 17% over the past year.

Return vs Market: 512149 underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

512149IndustryMarket
7 Day0%-1.0%0.2%
30 Day0%0.8%2.1%
90 Day0%-1.6%5.7%
1 Year0%0%18.3%17.3%9.2%7.2%
3 Year-93.9%-93.9%79.6%74.3%33.1%26.2%
5 Year-88.8%-88.8%67.2%60.2%35.6%23.5%

Price Volatility Vs. Market

How volatile is Avance Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Avance Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 512149 (₹0.19) is trading below our estimate of fair value (₹112.07)

Significantly Below Fair Value: 512149 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 512149 is good value based on its PE Ratio (6.8x) compared to the Electronic industry average (11.2x).

PE vs Market: 512149 is good value based on its PE Ratio (6.8x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 512149's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 512149 is good value based on its PB Ratio (0x) compared to the IN Electronic industry average (0.7x).


Next Steps

Future Growth

How is Avance Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.7%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Avance Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Avance Technologies performed over the past 5 years?

49.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 512149 has high quality earnings.

Growing Profit Margin: 512149's current net profit margins (16.4%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: 512149 has become profitable over the past 5 years, growing earnings by 49% per year.

Accelerating Growth: 512149's earnings growth over the past year (363.6%) exceeds its 5-year average (49% per year).

Earnings vs Industry: 512149 earnings growth over the past year (363.6%) exceeded the Electronic industry 15.8%.


Return on Equity

High ROE: 512149's Return on Equity (0.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Avance Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 512149's short term assets (₹1.7B) do not cover its short term liabilities (₹1.9B).

Long Term Liabilities: 512149's short term assets (₹1.7B) exceed its long term liabilities (₹1,000.0).


Debt to Equity History and Analysis

Debt Level: 512149's debt to equity ratio (37.7%) is considered satisfactory.

Reducing Debt: 512149's debt to equity ratio has reduced from 105.1% to 37.7% over the past 5 years.

Debt Coverage: 512149's debt is well covered by operating cash flow (29.3%).

Interest Coverage: Insufficient data to determine if 512149's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 512149 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 512149's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Avance Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.3%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 512149's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 512149's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 512149's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 512149's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 512149's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Avance Technologies's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average board tenure


CEO

Srikrishna Bhamidipati (47yo)

5.3yrs

Tenure

0

Mr. Srikrishna Bhamidipati serves as an Independent Director at Eco Recycling Limited since August 14, 2019. He has been the Managing Director of Avance Technologies Ltd. since October 1, 2014 and serves a ...


Board Age and Tenure

1.3yrs

Average Tenure

47yo

Average Age

Experienced Board: 512149's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Srikrishna Bhamidipati (47yo)

    Chairman

    • Tenure: 5.3yrs
  • Vijay Purohit

    Chief Financial Officer

    • Tenure: 2.3yrs

Board Members

  • Srikrishna Bhamidipati (47yo)

    Chairman

    • Tenure: 5.3yrs
  • Vasant Bhoir (47yo)

    Non Executive Director

    • Tenure: 3.3yrs
  • Akshay Nawale

    Independent Director

    • Tenure: 2.3yrs
  • Shakila Makandar (36yo)

    Non Executive Independent Director

    • Tenure: 1.3yrs
  • Sanjay Devlekar (47yo)

    Independent Director

    • Tenure: 0.3yrs
  • Deepak Mane

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Avance Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avance Technologies Limited
  • Ticker: 512149
  • Exchange: BSE
  • Founded: 1985
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: ₹37.656m
  • Shares outstanding: 198.19m
  • Website: https://www.avance.in

Number of Employees


Location

  • Avance Technologies Limited
  • Aidun Building
  • Unit No. 7, 5th Floor, Block - A
  • Mumbai
  • Maharashtra
  • 400002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512149BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2000

Biography

Avance Technologies Limited engages in the resale of software and hardware products in India. It also trades in IT products and peripherals. The company was incorporated in 1985 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/20 12:44
End of Day Share Price2020/01/17 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.