About
Avance Technologies Limited engages in dealing of IT products in India. The company offers digital infrastructure, embedded device management, hybrid infrastructure, internet of things infrastructure management, and data center management and optimization, as well as migration, optimization, and management of multi-cloud environments. It serves healthcare, finance, manufacturing, and hospitality industries. The company was formerly known as VMC Software Ltd. Avance Technologies Limited was incorporated in 1985 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap163 Cr
P/E11.50
Div Yield0.00 %
Book Value₹1.99
52w High₹3.15
52w Low₹0.75
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60.65 | 30.94 | 49.50 | 41.40 | 37.42 | 48.31 | 32.38 | 44.21 | 46.86 | 105.75 | 19.02 | 16.97 | 2.56 |
| Expenses | 59.12 | 31.48 | 48.38 | 43.13 | 36.75 | 50.16 | 30.81 | 41.48 | 44.67 | 106.04 | 17.10 | 16.28 | 2.38 |
| Operating Profit | 1.53 | -0.54 | 1.12 | -1.73 | 0.67 | -1.85 | 1.57 | 2.73 | 2.19 | -0.29 | 1.92 | 0.69 | 0.18 |
| OPM % | 2.52 | -1.75 | 2.26 | -4.18 | 1.79 | -3.83 | 4.85 | 6.18 | 4.67 | -0.27 | 10.09 | 4.07 | 7.03 |
| Other Income | 0.94 | 10.98 | 0.94 | 0.97 | 0.95 | 2.01 | 0.19 | 0.00 | 0.00 | 2.53 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | -0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.07 | 0.04 | 0.01 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 2.47 | 10.38 | 2.01 | -0.78 | 1.62 | 0.15 | 1.74 | 2.73 | 2.19 | 2.24 | 1.92 | 0.69 | 0.18 |
| Tax % | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 1,006.67 | 0.00 | 0.00 | 0.00 | 4.46 | 0.00 | 0.00 | 0.00 |
| Net Profit | 2.47 | 10.37 | 2.01 | -0.77 | 1.62 | -1.36 | 1.74 | 2.73 | 2.19 | 2.15 | 1.92 | 0.69 | 0.18 |
| EPS in Rs | 0.01 | 0.05 | 0.01 | 0.00 | 0.01 | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Sales | 159.00 | 172.00 | 144.00 | 31.00 | 29.00 | 90.00 | 102.00 |
| Expenses | 160.00 | 167.00 | 142.00 | 30.00 | 29.00 | 90.00 | 102.00 |
| Operating Profit | -1.00 | 5.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OPM % | -0.30 | 3.00 | 1.70 | 1.60 | 0.70 | 0.20 | 0.00 |
| Other Income | 14.00 | 2.00 | 3.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 13.00 | 7.00 | 5.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Tax % | 0.00 | 28.00 | 3.00 | 20.00 | 29.00 | 0.00 | 0.00 |
| Net Profit | 13.00 | 5.00 | 5.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| EPS in Rs | 0.07 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | -0.01 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 198.00 | 198.00 | 198.00 | 198.00 | 198.00 | 198.00 | 198.00 |
| Reserves | 196.00 | 183.00 | 178.00 | 173.00 | 189.00 | 188.00 | 188.00 |
| Borrowings | 164.00 | 56.00 | 0.00 | 0.00 | 150.00 | 0.00 | 0.00 |
| Other Liabilities | 91.00 | 63.00 | 113.00 | 63.00 | 62.00 | 62.00 | 58.00 |
| Total Liabilities | 649.00 | 500.00 | 489.00 | 435.00 | 598.00 | 448.00 | 444.00 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 191.00 | 235.00 | 250.00 | 276.00 | 223.00 | 222.00 | 224.00 |
| Other Assets | 458.00 | 265.00 | 239.00 | 159.00 | 376.00 | 226.00 | 220.00 |
| Total Assets | 649.00 | 500.00 | 489.00 | 435.00 | 598.00 | 448.00 | 444.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -137.00 | -68.00 | 30.00 | 6.00 | 0.00 | -1.00 | 28.00 |
| Cash from Investing Activity | 57.00 | 18.00 | 26.00 | 7.00 | -150.00 | 2.00 | -28.00 |
| Cash from Financing Activity | 108.00 | 56.00 | -42.00 | -14.00 | 150.00 | 0.00 | 0.00 |
| Net Cash Flow | 28.00 | 6.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -137.00 | -68.00 | 30.00 | 6.00 | 0.00 | -1.00 | 26.00 |
| CFO/OP % | 26,383.00 | -1,300.00 | 1,226.00 | 1,278.00 | 53.00 | -670.00 | -69,125.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 97.00 | 23.00 | 31.00 | 14.00 | 138.00 | 28.00 | 34.00 |
| Inventory Days | 208.00 | 78.00 | 50.00 | 81.00 | 257.00 | 86.00 | 71.00 |
| Days Payable | 102.00 | 136.00 | 290.00 | 771.00 | 777.00 | 245.00 | 207.00 |
| Cash Conversion Cycle | 203.00 | -35.00 | -209.00 | -677.00 | -382.00 | -132.00 | -101.00 |
| Working Capital Days | 180.00 | -114.00 | -205.00 | -664.00 | -377.00 | -136.00 | -101.00 |
| ROCE % | 3.00 | 2.00 | 1.00 | — | 0.00 | 0.00 | — |
Corporate Actions
6 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Split | 10 Nov 2023 | 10 Nov 2023 | 5:1 | — | |
| Split | 31 Mar 2023 | 31 Mar 2023 | 10:5 | — | |
| Other | 24 Apr 2017 | 25 Apr 2017 | — | — | Consolidation of Shares |
| Split | 03 Aug 2009 | 08 Aug 2009 | 10:1 | — | |
| Bonus | 03 Aug 2009 | 08 Aug 2009 | 4:1 | — | |
| Dividend | 10 Aug 2001 | — | — | 1.00 |