About Advance Technoforge
Advance Technoforge is a publicly listed company based in India. Manufacturing and supplying steel forging and precision components for automotive and industrial sectors. It operates in the Transportation, Automotive & Logistics and Industrial Goods & Manufacturing sectors. The company has 46 employees. Its Indian entity Advance Technoforge Limited reported revenue of ₹50.73 Cr. Advance Technoforge offers products and services including Steel Forging and Machining Services. Its focus areas include Manufacturing, Forging, Steel Forging and Auto Components.
Company details
Advance Technoforge is recognized for the manufacturing and exporting of closed die steel forging, upset forging, and ring rolling forging, along with precision machining services. Investments have been made in state-of-the-art technologies, including heat treatment furnaces and CNC machines, to enhance production capabilities. Certifications such as IATF 16949 and ISO 9001 are held, ensuring quality standards are met. Exports are conducted to regions like Europe and North America, serving automotive and industrial markets, with milestones achieved in innovation and global expansion since its incorporation in 2013.
- Headquarters India
- Employees 46
- Stage Public
- SectorsTransportation, Automotive & LogisticsIndustrial Goods & Manufacturing
- Email••••••••
- Legal Name Advance Technoforge Limited
- Market Cap₹65.61 Cr
ADVANCETL · BSE
- Share Price₹73.50
+1.17% today
- Revenue₹50.05 Cr
FY 2025-26 · -1.3% YoY
- EBITDA₹7.68 Cr
Margin 15.3%
- Net Profit₹4.13 Cr
FY 2025-26 · +54.1% YoY
- P/E (TTM)16.3x
P/B 1.8x
- ROE34.8%
ROCE 24.0%
- Debt / Equity1.49
Interest cover 24.1x
- Employee Count46
Associated legal entities of Advance Technoforge
Advance Technoforge operates through Advance Technoforge Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Advance Technoforge Limited Listed CIN U28111GJ2013PLC076316 | Active | 05 Aug 2013 | Rajkot, Gujarat | ₹50.7 Cr | 46 | 7 | View details |
Products & Services of Advance Technoforge
Advance Technoforge offers a comprehensive portfolio of products and services, including Steel Forging and Machining Services.
Closed die steel forging is manufactured and supplied for automotive and industrial uses
Precision machining services are provided for forged components in various applications
Board of directors of Advance Technoforge Limited (Advance Technoforge)
Advance Technoforge Limited is the primary company behind Advance Technoforge. The board of Advance Technoforge Limited currently have 5 directors; the longest-serving is Nilesh Shambhubhai Moliya, appointed in 2013. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nilesh Shambhubhai Moliya DIN 03480165 | Managing Director | 05 Aug 2013 | 13 yrs 2 mo | Advance Technoforge Limited |
| Pradip Bhikhabhai Vora DIN 06637435 | Whole-time director | 05 Aug 2013 | 13 yrs 2 mo | Advance Technoforge Limited |
| Shraddhaben Pradipbhai Vora DIN 10645959 | Director | 01 Jul 2024 | 2 yrs 3 mo | Advance Technoforge Limited |
| Satyam Nanjibhai Thummar DIN 10648521 | Director | 01 Jul 2024 | 2 yrs 3 mo | Advance Technoforge Limited |
| Chirag Ghadiya DIN 10649373 | Director | 01 Jul 2024 | 2 yrs 3 mo | Advance Technoforge Limited |
IPO & Listings of Advance Technoforge
Advance Technoforge is a publicly listed company on the BSE with ticker symbol ADVANCETL in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date03 Aug 2026
- Listed onBSE: ADVANCETL
- Listed entityAdvance Technoforge Limited
- Exchange sectorProducer manufacturing
- ISININE13ZJ01010
- Share price₹76.25 (-1.03% on the day) · 2026-10-14
- Market capitalisation₹69.6 Cr
- Volume (last session)2,400
Financials of Advance Technoforge
Exchange-reported figures of Advance Technoforge Limited, the listed company behind Advance Technoforge (BSE: ADVANCETL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 50.05 | 50.70 | 47.96 | 37.79 | 31.44 | 24.41 |
| Revenue growth | -1.3% | +5.7% | +26.9% | +20.2% | +28.8% | - |
| EBITDA | 7.68 | 5.08 | 3.59 | 2.24 | 1.75 | 2.19 |
| EBITDA margin | +15.3% | +10.0% | +7.5% | +5.9% | +5.6% | +9.0% |
| Profit before tax | 5.53 | 3.51 | 2.27 | 0.99 | 0.58 | 0.75 |
| Net profit | 4.13 | 2.68 | 1.76 | 0.85 | 0.47 | 0.56 |
| Net profit margin | +8.3% | +5.3% | +3.7% | +2.3% | +1.5% | +2.3% |
| EPS (₹) | 6.24 | 4.15 | 34.10 | 15.04 | 8.00 | 11.07 |
| Balance sheet | ||||||
| Total assets | 31.42 | 27.40 | 18.19 | 14.15 | 12.37 | 11.92 |
| Net worth | 13.69 | 9.63 | 6.94 | 5.23 | 4.48 | 4.08 |
| Total debt | 17.30 | 17.51 | 11.19 | 8.51 | 7.46 | 7.84 |
| Cash & bank | 0.04 | 0.05 | 0.04 | 0.00 | 0.00 | 0.03 |
| Net working capital | 12.23 | 9.15 | 10.38 | 7.23 | 6.45 | 6.36 |
| Cash flow | ||||||
| Cash from operations | 4.45 | 3.79 | 0.19 | 1.41 | 1.69 | (0.52) |
| Cash from investing | (2.71) | (8.80) | (1.82) | (1.64) | (0.49) | 0.38 |
| Cash from financing | (1.75) | 5.03 | 1.67 | 0.23 | (1.23) | 0.10 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 50.05 | 50.70 | 47.96 | 37.79 | 31.44 | 24.41 |
| Revenue growth | -1.3% | +5.7% | +26.9% | +20.2% | +28.8% | - |
| Other income | 0.68 | 0.45 | 0.27 | 0.12 | 0.12 | 0.01 |
| Total expenses | 42.37 | 45.62 | 44.37 | 35.55 | 29.69 | 22.22 |
| Employee cost | 5.43 | 4.30 | 2.34 | 1.92 | 1.64 | 1.24 |
| EBITDA | 7.68 | 5.08 | 3.59 | 2.24 | 1.75 | 2.19 |
| EBITDA margin | +15.3% | +10.0% | +7.5% | +5.9% | +5.6% | +9.0% |
| Depreciation | 1.29 | 0.70 | 0.59 | 0.54 | 0.48 | 0.48 |
| Interest | 1.54 | 1.32 | 1.00 | 0.83 | 0.81 | 0.97 |
| Profit before tax | 5.53 | 3.51 | 2.27 | 0.99 | 0.58 | 0.75 |
| Tax | 1.47 | 0.83 | 0.57 | 0.23 | 0.19 | 0.19 |
| Net profit | 4.13 | 2.68 | 1.76 | 0.85 | 0.47 | 0.56 |
| Net profit margin | +8.3% | +5.3% | +3.7% | +2.3% | +1.5% | +2.3% |
| EPS (₹) | 6.24 | 4.15 | 34.10 | 15.04 | 8.00 | 11.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 6.50 | 6.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Reserves & surplus | 7.19 | 3.13 | 6.44 | 4.73 | 3.98 | 3.58 |
| Shareholders' funds (net worth) | 13.69 | 9.63 | 6.94 | 5.23 | 4.48 | 4.08 |
| Secured loans | 15.64 | 14.81 | 7.90 | 5.46 | 5.46 | 5.32 |
| Unsecured loans | 1.66 | 2.70 | 3.29 | 3.05 | 2.00 | 2.52 |
| Total debt | 17.30 | 17.51 | 11.19 | 8.51 | 7.46 | 7.84 |
| Total liabilities | 31.42 | 27.40 | 18.19 | 14.15 | 12.37 | 11.92 |
| Assets | ||||||
| Gross block | 22.27 | 17.39 | 10.30 | 8.99 | 8.15 | 7.47 |
| Net block | 17.24 | 13.65 | 7.26 | 6.38 | 5.82 | 5.58 |
| Capital work in progress | 0.00 | 2.10 | 0.31 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.54 | 0.10 | 0.00 |
| Inventories | 12.53 | 8.08 | 8.48 | 5.62 | 6.80 | 5.27 |
| Sundry debtors | 13.16 | 12.14 | 11.69 | 9.35 | 8.94 | 7.85 |
| Cash & bank balances | 0.04 | 0.05 | 0.04 | 0.00 | 0.00 | 0.03 |
| Loans & advances | 1.32 | 0.74 | 0.33 | 0.28 | 0.34 | 0.27 |
| Total current assets | 27.05 | 21.01 | 20.54 | 15.25 | 16.08 | 13.42 |
| Total current liabilities | 14.82 | 11.86 | 10.16 | 8.02 | 9.63 | 7.06 |
| Net working capital | 12.23 | 9.15 | 10.38 | 7.23 | 6.45 | 6.36 |
| Total assets | 31.42 | 27.40 | 18.19 | 14.15 | 12.37 | 11.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.05 | 0.04 | 0.00 | 0.00 | 0.03 | 0.08 |
| Net cash from operating activities | 4.45 | 3.79 | 0.19 | 1.41 | 1.69 | (0.52) |
| Net cash from investing activities | (2.71) | (8.80) | (1.82) | (1.64) | (0.49) | 0.38 |
| Net cash from financing activities | (1.75) | 5.03 | 1.67 | 0.23 | (1.23) | 0.10 |
| Net change in cash | (0.01) | 0.01 | 0.04 | 0.00 | (0.03) | (0.04) |
| Closing cash | 0.04 | 0.05 | 0.04 | 0.00 | 0.00 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -1.3% | +5.7% | +26.9% | +20.2% | +28.8% | - |
| EBITDA growth | +51.2% | +41.5% | +60.3% | +28.0% | -20.1% | - |
| PBT growth | +57.6% | +54.6% | +129.3% | +70.7% | -22.7% | +9997.0% |
| Net income growth | +54.1% | +52.3% | +107.1% | +80.9% | -16.1% | - |
| Revenue CAGR (3Y) | +9.8% | +17.3% | +25.3% | - | - | - |
| EBITDA CAGR (3Y) | +50.8% | +42.7% | +17.9% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +8.1% | +5.3% | +3.5% | +2.0% | +1.2% | +2.3% |
| Return on capital employed | +24.0% | +21.3% | +20.2% | +14.6% | +12.5% | +15.6% |
| Return on net worth | +34.8% | +32.6% | +27.9% | +17.3% | +11.2% | +14.5% |
| Debt / equity | 1.49 | 1.73 | 1.62 | 1.65 | 1.79 | 1.89 |
| Long-term debt / equity | 0.61 | 0.70 | 0.60 | 0.68 | 0.86 | 1.16 |
| Interest cover | 24.10 | 30.14 | 33.33 | 48.82 | 63.78 | 56.73 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 2.52 | 3.66 | 4.97 | 4.41 | 4.03 | 3.31 |
| Inventory turnover | 4.86 | 6.12 | 6.80 | 6.09 | 5.21 | 4.46 |
| Debtors turnover | 3.96 | 4.26 | 4.56 | 4.13 | 3.75 | 3.11 |
| EPS (₹) | 6.24 | 4.15 | 34.10 | 15.04 | 8.00 | 11.07 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 21.06 | 14.82 | 138.72 | 104.62 | 89.58 | 81.58 |
Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Advance Technoforge (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Frequently Asked Questions about Advance Technoforge
Advance Technoforge is headquartered in India.
Advance Technoforge has 46 employees.
The primary company behind Advance Technoforge, Advance Technoforge Limited, reported revenue of ₹50.73 Cr for FY 2026, down 1% year on year.
Advance Technoforge is recognized for the manufacturing and exporting of closed die steel forging, upset forging, and ring rolling forging, along with precision machining services. Investments have been made in state-of-the-art technologies, including heat treatment furnaces and CNC machines, to enhance production capabilities. Certifications such as IATF 16949 and ISO 9001 are held, ensuring quality standards are met. Exports are conducted to regions like Europe and North America, serving automotive and industrial markets, with milestones achieved in innovation and global expansion since its incorporation in 2013.
Advance Technoforge offers Steel Forging and Machining Services.
Yes, Advance Technoforge is publicly traded on BSE under the ticker symbol ADVANCETL.
Advance Technoforge operates through Advance Technoforge Limited.
The legal entities of Advance Technoforge currently have 7 directors, including Nilesh Shambhubhai Moliya, Pradip Bhikhabhai Vora, Shraddhaben Pradipbhai Vora and others.