
About Avance
Avance is a publicly listed company based in Mumbai (India) founded in 1985. E-commerce business and technology consultancy services are provided. It operates on a Managed Services and Subscription Services model. The company has 8 employees. Its Indian entity Avance Technologies Limited reported revenue of βΉ173 Cr. Avance offers products and services including Digital Infrastructure Solutions, Embedded Device Management, Avance Hybrid Infrastructure, Cloud Integration and Management, and Data Center Management. Its focus areas include IT Services, Digital Infrastructure, Cloud Computing and Cloud Integration. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Avance Technologies Limited is recognized as a pioneering force in digital infrastructure and systems administration. Comprehensive solutions are offered for cloud infrastructure, IT operations, and AI-powered enterprise systems. Services are extended across sectors like healthcare, finance, manufacturing, and hospitality. Scalable and secure solutions are delivered to enhance connectivity, performance, and reliability. Innovation is prioritized to ensure optimal business growth and efficiency for clients globally.
- Market Cap₹127 Cr
AVANCE · NSE
- Share Price₹0.60
0.00% today
- Revenue₹159 Cr
FY 2025-26 · -7.3% YoY
- EBITDA−₹0.51 Cr
Margin -0.3%
- Net Profit₹13.24 Cr
FY 2025-26 · +149.3% YoY
- P/E (TTM)9.2x
P/B 0.3x
- ROE2.9%
ROCE 2.4%
- Debt / Equity0.28
Interest cover -15.7x
- Employee Count8
Associated legal entities of Avance
Avance operates through Avance Technologies 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 |
|---|---|---|---|---|---|---|---|
| Avance Technologies Limited Listed CIN L51900MH1985PLC035210 | Active | 30 Jan 1985 | Mumbai, Maharashtra | ₹173 Cr | 11 | 10 | View details |
Products & Services of Avance
Avance offers a comprehensive portfolio of products and services, including Digital Infrastructure Solutions, Embedded Device Management, Avance Hybrid Infrastructure, Cloud Integration and Management, and Data Center Management.
Solutions are provided for seamless connectivity and reliable performance.
Management solutions are offered for optimizing embedded device performance.
Flexible deployment options are provided for efficient IT management.
Cloud solutions are delivered for enhanced productivity and flexibility.
Operations are streamlined with advanced data center management solutions.
IoT ecosystems are managed for connectivity and optimized performance.
Board of directors of Avance Technologies Limited (Avance)
Avance Technologies Limited is the primary company behind Avance. The board of Avance Technologies Limited currently have 8 directors; the longest-serving is Vasant Tukaram Bhoir, appointed in 2016. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vasant Tukaram Bhoir DIN 07596882 | Director | 01 Oct 2016 | 10 yrs | Avance Technologies Limited |
| Akshay Vijay Nawale DIN 07597069 | Director | 06 Sep 2017 | 9 yrs 1 mo | Avance Technologies Limited |
| Shakila Ramjansha Makandar DIN 06513263 | Director | 23 Oct 2018 | 8 yrs | Avance Technologies Limited |
| Sanjay Atmaram Devlekar DIN 07847440 | Director | 05 Sep 2019 | 7 yrs 1 mo | Avance Technologies Limited |
| Deepak Yallappa Mane DIN 07984967 | Director | 30 Sep 2019 | 7 yrs | Avance Technologies Limited |
| Latesh Sukumar Kumar Poojary DIN 10414863 | Managing Director | 02 Jul 2025 | 1 yr 3 mo | Avance Technologies Limited |
| Santosh Babarao Hambare DIN 11523270 | Managing Director | 30 Jun 2026 | 3 mo | Avance Technologies Limited |
| Dipak Sambhaji Gaikwad DIN 11797117 | Additional Director | 30 Jun 2026 | 3 mo | Avance Technologies Limited |
IPO & Listings of Avance
Avance is a publicly listed company on the BSE with ticker symbol AVANCE in India, operating in the Technology services 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 date05 Jul 2002
- Listed onBSE: 512149
- Listed entityAvance Technologies Limited
- Exchange sectorTechnology services
- ISININE758A01072
- Share price₹1.00 · 2026-05-11
- Market capitalisation₹198 Cr
- Price to earnings131.6
- EPS (diluted, trailing year)₹0.01
- Volume (last session)3,399,783
- Analyst consensusNo rating
Financials of Avance
Exchange-reported figures of Avance Technologies Limited, the listed company behind Avance (NSE: AVANCE).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 159 | 172 | 144 | 30.53 | 29.22 | 89.92 | 102 |
| Revenue growth | -7.3% | +19.0% | +372.6% | - | -67.5% | -11.5% | - |
| EBITDA | (0.51) | 5.17 | 2.50 | 0.48 | 0.16 | 0.20 | (1.22) |
| EBITDA margin | -0.3% | +3.0% | +1.7% | +1.6% | +0.6% | +0.2% | -1.2% |
| Profit before tax | 13.25 | 7.35 | 5.03 | 0.49 | 0.16 | 0.21 | (1.08) |
| Net profit | 13.24 | 5.31 | 4.88 | 0.39 | 0.12 | 0.20 | 0.12 |
| Net profit margin | +8.3% | +3.1% | +3.4% | +1.3% | +0.4% | +0.2% | +0.1% |
| EPS (βΉ) | 0.67 | 0.27 | 0.25 | 0.02 | 0.01 | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | 558 | 437 | 376 | 371 | 537 | 387 | 386 |
| Net worth | 394 | 381 | 376 | 371 | 387 | 387 | 386 |
| Total debt | 164 | 55.78 | 0.00 | 0.00 | 150 | 0.00 | 0.00 |
| Cash & bank | 48.98 | 20.51 | 14.80 | 0.06 | 0.05 | 0.36 | 0.11 |
| Net working capital | 111 | 22.86 | (66.40) | (55.51) | 120 | (33.26) | (27.92) |
| Cash flow | |||||||
| Cash from operations | (137) | (67.62) | 30.50 | 6.16 | 0.05 | (1.34) | 27.65 |
| Cash from investing | 57.48 | 17.56 | 25.87 | 7.36 | (150) | 1.58 | (27.89) |
| Cash from financing | 108 | 55.77 | (41.62) | (13.51) | 150 | 0.00 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.65 | 30.94 | 49.50 | 41.40 | 37.42 | 48.31 | 32.38 | 44.21 |
| Revenue growth (YoY) | +62.1% | -36.0% | +52.9% | -6.4% | -20.2% | - | - | - |
| Other income | 0.94 | 10.98 | 0.94 | 0.97 | 0.95 | 2.01 | 0.19 | 0.00 |
| EBITDA | 1.53 | (0.54) | 1.12 | (1.73) | 0.67 | (1.85) | 1.57 | 2.73 |
| EBITDA margin | +2.5% | -1.7% | +2.3% | -4.2% | +1.8% | -3.8% | +4.8% | +6.2% |
| Depreciation | 0.00 | (0.01) | 0.01 | 0.01 | 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 |
| Profit before tax | 2.47 | 10.38 | 2.01 | (0.78) | 1.62 | 0.15 | 1.74 | 2.73 |
| Tax | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 1.51 | 0.00 | 0.00 |
| Net profit | 2.47 | 10.37 | 2.01 | (0.78) | 1.62 | (1.36) | 1.74 | 2.73 |
| EPS (βΉ) | 0.01 | 0.05 | 0.01 | 0.00 | 0.01 | (0.01) | 0.01 | 0.01 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 101 | 57.93 | 69.29 | 30.53 | 11.52 | 0.04 | 0.30 |
| Revenue growth | +74.5% | -16.4% | +127.0% | +165.0% | - | -86.7% | - |
| EBITDA | (0.58) | 1.04 | (0.31) | 0.48 | (0.63) | (27.69) | (50.65) |
| EBITDA margin | -0.6% | +1.8% | -0.5% | +1.6% | -5.5% | - | - |
| Profit before tax | 13.23 | 3.22 | 2.22 | 0.49 | (0.61) | (27.56) | (50.62) |
| Net profit | 12.60 | 2.08 | 2.07 | 0.39 | (0.61) | 0.03 | 0.02 |
| Net profit margin | +12.5% | +3.6% | +3.0% | +1.3% | -5.3% | +75.0% | +6.7% |
| EPS (βΉ) | 0.64 | 0.10 | 0.10 | 0.02 | (0.03) | (1.39) | (2.55) |
| Balance sheet | |||||||
| Total assets | 388 | 375 | 373 | 371 | 371 | 270 | 443 |
| Net worth | 388 | 375 | 373 | 371 | 371 | 270 | 297 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 146 |
| Cash & bank | 0.23 | 0.36 | 0.07 | 0.06 | 0.04 | 0.26 | 0.06 |
| Net working capital | (30.31) | (52.14) | (47.59) | (55.51) | (49.77) | (30.27) | 137 |
| Cash flow | |||||||
| Cash from operations | (76.57) | (6.18) | (5.85) | 6.16 | 18.67 | 22.18 | (3.16) |
| Cash from investing | 76.44 | 6.47 | 34.65 | 7.36 | (81.05) | 2.27 | 3.18 |
| Cash from financing | 0.00 | 0.00 | (28.78) | (13.51) | 62.17 | (24.26) | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.89 | 25.21 | 25.50 | 25.16 | 25.21 | 13.21 | 20.17 | 20.32 |
| Revenue growth (YoY) | -29.0% | +90.8% | +26.4% | +23.8% | +496.0% | - | - | - |
| Other income | 0.94 | 10.98 | 0.94 | 0.94 | 0.94 | 1.99 | 0.19 | 0.00 |
| Total expenses | 18.55 | 25.30 | 25.54 | 25.22 | 25.61 | 14.93 | 20.25 | 18.38 |
| EBITDA | (0.66) | (0.09) | (0.04) | (0.06) | (0.40) | (1.72) | (0.08) | 1.94 |
| EBITDA margin | -3.7% | -0.4% | -0.2% | -0.2% | -1.6% | -13.0% | -0.4% | +9.5% |
| Depreciation | 0.00 | (0.01) | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 |
| Profit before tax | 0.28 | 10.90 | 0.89 | 0.87 | 0.54 | 0.22 | 0.11 | 1.94 |
| Tax | 0.00 | 0.63 | 0.00 | 0.00 | 0.00 | 0.61 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.65 | 30.94 | 49.50 | 41.40 | 37.42 | 48.31 | 32.38 | 44.21 |
| Revenue growth (YoY) | +62.1% | -36.0% | +52.9% | -6.4% | -20.2% | - | - | - |
| Other income | 0.94 | 10.98 | 0.94 | 0.97 | 0.95 | 2.01 | 0.19 | 0.00 |
| EBITDA | 1.53 | (0.54) | 1.12 | (1.73) | 0.67 | (1.85) | 1.57 | 2.73 |
| EBITDA margin | +2.5% | -1.7% | +2.3% | -4.2% | +1.8% | -3.8% | +4.8% | +6.2% |
| Depreciation | 0.00 | (0.01) | 0.01 | 0.01 | 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 |
| Profit before tax | 2.47 | 10.38 | 2.01 | (0.78) | 1.62 | 0.15 | 1.74 | 2.73 |
| Tax | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 1.51 | 0.00 | 0.00 |
| Net profit | 2.47 | 10.37 | 2.01 | (0.78) | 1.62 | (1.36) | 1.74 | 2.73 |
| EPS (βΉ) | 0.01 | 0.05 | 0.01 | 0.00 | 0.01 | (0.01) | 0.01 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Revenue | 159 | 172 | 144 | 30.53 | 29.22 | 89.92 | 102 |
| Revenue growth | -7.3% | +19.0% | +372.6% | - | -67.5% | -11.5% | - |
| Other income | 13.84 | 2.20 | 2.53 | 0.01 | 0.05 | 0.01 | 0.14 |
| Total expenses | 160 | 167 | 142 | 30.05 | 29.06 | 89.72 | 103 |
| Employee cost | 0.15 | 0.14 | 0.09 | 0.11 | 0.06 | 0.09 | 0.10 |
| EBITDA | (0.51) | 5.17 | 2.50 | 0.48 | 0.16 | 0.20 | (1.22) |
| EBITDA margin | -0.3% | +3.0% | +1.7% | +1.6% | +0.6% | +0.2% | -1.2% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.08 | 0.02 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 |
| Profit before tax | 13.25 | 7.35 | 5.03 | 0.49 | 0.16 | 0.21 | (1.08) |
| Tax | 0.01 | 2.04 | 0.15 | 0.10 | 0.05 | 0.00 | 0.00 |
| Net profit | 13.24 | 5.31 | 4.88 | 0.39 | 0.12 | 0.20 | 0.12 |
| Net profit margin | +8.3% | +3.1% | +3.4% | +1.3% | +0.4% | +0.2% | +0.1% |
| EPS (βΉ) | 0.67 | 0.27 | 0.25 | 0.02 | 0.01 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 198 | 198 | 198 | 198 | 198 | 198 | 198 |
| Reserves & surplus | 196 | 183 | 178 | 173 | 189 | 188 | 188 |
| Shareholders' funds (net worth) | 394 | 381 | 376 | 371 | 387 | 387 | 386 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 150 | 0.00 | 0.00 |
| Unsecured loans | 164 | 55.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 164 | 55.78 | 0.00 | 0.00 | 150 | 0.00 | 0.00 |
| Total liabilities | 558 | 437 | 376 | 371 | 537 | 387 | 386 |
| Assets | |||||||
| Gross block | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 191 | 235 | 250 | 276 | 223 | 222 | 224 |
| Inventories | 90.80 | 35.63 | 19.55 | 6.59 | 20.35 | 21.07 | 19.78 |
| Sundry debtors | 42.13 | 10.75 | 12.14 | 1.15 | 11.03 | 6.88 | 9.56 |
| Cash & bank balances | 48.98 | 20.51 | 14.80 | 0.06 | 0.05 | 0.36 | 0.11 |
| Loans & advances | 19.92 | 19.27 | 0.12 | 0.12 | 150 | 0.16 | 0.27 |
| Total current assets | 202 | 86.16 | 46.61 | 7.92 | 182 | 28.47 | 29.72 |
| Total current liabilities | 90.80 | 63.30 | 113 | 63.43 | 61.69 | 61.73 | 57.64 |
| Net working capital | 111 | 22.86 | (66.40) | (55.51) | 120 | (33.26) | (27.92) |
| Total assets | 558 | 437 | 376 | 371 | 537 | 387 | 386 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Opening cash | 20.51 | 14.80 | 0.06 | 0.04 | 0.36 | 0.11 | 0.35 |
| Net cash from operating activities | (137) | (67.62) | 30.50 | 6.16 | 0.05 | (1.34) | 27.65 |
| Net cash from investing activities | 57.48 | 17.56 | 25.87 | 7.36 | (150) | 1.58 | (27.89) |
| Net cash from financing activities | 108 | 55.77 | (41.62) | (13.51) | 150 | 0.00 | 0.00 |
| Net change in cash | 28.47 | 5.71 | 14.74 | 0.01 | (0.31) | 0.24 | (0.24) |
| Closing cash | 48.98 | 20.51 | 14.80 | 0.06 | 0.05 | 0.36 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -7.3% | +19.0% | +372.6% | - | -67.5% | -11.5% | - |
| EBITDA growth | -109.9% | +106.8% | +420.8% | - | -20.0% | +116.4% | - |
| PBT growth | +80.3% | +46.1% | +926.5% | +206.3% | -23.8% | +9998.0% | +9997.0% |
| Net income growth | +149.3% | +8.8% | +1151.3% | - | -40.0% | +66.7% | - |
| Revenue CAGR (3Y) | +73.4% | +80.5% | +17.1% | -33.0% | - | - | - |
| EBITDA CAGR (3Y) | - | +218.5% | +132.1% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +8.3% | +3.1% | +3.4% | +1.3% | +0.4% | +0.2% | -1.1% |
| Return on capital employed | +2.4% | +1.5% | +1.1% | +0.1% | +0.1% | +0.1% | 0.0% |
| Return on net worth | +2.9% | +1.2% | +1.1% | +0.1% | +0.0% | +0.1% | 0.0% |
| Debt / equity | 0.28 | 0.07 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 |
| Long-term debt / equity | 0.26 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -15.69 | 0.39 | 0.00 | 0.00 | 31.25 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 31,852.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 2.52 | 6.23 | 11.04 | 4.63 | 1.41 | 4.40 | 5.14 |
| Debtors turnover | 6.02 | 15.01 | 21.71 | 26.55 | 3.26 | 10.94 | 10.63 |
| EPS (βΉ) | 0.67 | 0.27 | 0.25 | 0.02 | 0.01 | 0.00 | 0.00 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 19.89 | 19.22 | 18.98 | 18.73 | 19.51 | 1.95 | 1.95 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.89 | 25.21 | 25.50 | 25.16 | 25.21 | 13.21 | 20.17 | 20.32 |
| Revenue growth (YoY) | -29.0% | +90.8% | +26.4% | +23.8% | +496.0% | - | - | - |
| Other income | 0.94 | 10.98 | 0.94 | 0.94 | 0.94 | 1.99 | 0.19 | 0.00 |
| Total expenses | 18.55 | 25.30 | 25.54 | 25.22 | 25.61 | 14.93 | 20.25 | 18.38 |
| EBITDA | (0.66) | (0.09) | (0.04) | (0.06) | (0.40) | (1.72) | (0.08) | 1.94 |
| EBITDA margin | -3.7% | -0.4% | -0.2% | -0.2% | -1.6% | -13.0% | -0.4% | +9.5% |
| Depreciation | 0.00 | (0.01) | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 |
| Profit before tax | 0.28 | 10.90 | 0.89 | 0.87 | 0.54 | 0.22 | 0.11 | 1.94 |
| Tax | 0.00 | 0.63 | 0.00 | 0.00 | 0.00 | 0.61 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 101 | 57.93 | 69.29 | 30.53 | 11.52 | 0.04 | 0.30 |
| Revenue growth | +74.5% | -16.4% | +127.0% | +165.0% | - | -86.7% | - |
| Other income | 13.81 | 2.18 | 2.53 | 0.01 | 0.02 | 0.13 | 0.03 |
| Total expenses | 102 | 56.89 | 69.60 | 30.05 | 12.15 | 27.73 | 50.95 |
| Employee cost | 0.08 | 0.11 | 0.08 | 0.11 | 0.06 | 0.02 | 0.05 |
| EBITDA | (0.58) | 1.04 | (0.31) | 0.48 | (0.63) | (27.69) | (50.65) |
| EBITDA margin | -0.6% | +1.8% | -0.5% | +1.6% | -5.5% | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 13.23 | 3.22 | 2.22 | 0.49 | (0.61) | (27.56) | (50.62) |
| Tax | 0.63 | 1.14 | 0.15 | 0.10 | 0.00 | 0.00 | 0.00 |
| Net profit | 12.60 | 2.08 | 2.07 | 0.39 | (0.61) | 0.03 | 0.02 |
| Net profit margin | +12.5% | +3.6% | +3.0% | +1.3% | -5.3% | +75.0% | +6.7% |
| EPS (βΉ) | 0.64 | 0.10 | 0.10 | 0.02 | (0.03) | (1.39) | (2.55) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 198 | 198 | 198 | 198 | 198 | 198 | 198 |
| Reserves & surplus | 190 | 177 | 175 | 173 | 173 | 71.46 | 99.03 |
| Shareholders' funds (net worth) | 388 | 375 | 373 | 371 | 371 | 270 | 297 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 146 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 146 |
| Total liabilities | 388 | 375 | 373 | 371 | 371 | 270 | 443 |
| Assets | |||||||
| Gross block | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 162 | 235 | 242 | 276 | 284 | 202 | 205 |
| Inventories | 0.00 | 0.00 | 0.00 | 6.59 | 3.78 | 0.00 | 19.99 |
| Sundry debtors | 31.79 | 7.84 | 7.92 | 1.15 | 2.40 | 0.00 | 3.05 |
| Cash & bank balances | 0.23 | 0.36 | 0.07 | 0.06 | 0.04 | 0.26 | 0.06 |
| Loans & advances | 0.37 | 0.25 | 0.12 | 0.12 | 0.12 | 0.10 | 146 |
| Total current assets | 32.39 | 8.45 | 8.11 | 7.92 | 6.34 | 0.36 | 169 |
| Total current liabilities | 62.70 | 60.59 | 55.70 | 63.43 | 56.11 | 30.63 | 31.39 |
| Net working capital | (30.31) | (52.14) | (47.59) | (55.51) | (49.77) | (30.27) | 137 |
| Total assets | 388 | 375 | 373 | 371 | 371 | 270 | 443 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.36 | 0.07 | 0.06 | 0.04 | 0.26 | 0.06 | 0.03 |
| Net cash from operating activities | (76.57) | (6.18) | (5.85) | 6.16 | 18.67 | 22.18 | (3.16) |
| Net cash from investing activities | 76.44 | 6.47 | 34.65 | 7.36 | (81.05) | 2.27 | 3.18 |
| Net cash from financing activities | 0.00 | 0.00 | (28.78) | (13.51) | 62.17 | (24.26) | 0.00 |
| Net change in cash | (0.13) | 0.28 | 0.02 | 0.01 | (0.21) | 0.20 | 0.02 |
| Closing cash | 0.23 | 0.36 | 0.07 | 0.06 | 0.04 | 0.26 | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +74.5% | -16.4% | +127.0% | +165.0% | - | -86.7% | - |
| EBITDA growth | -155.8% | +435.5% | -164.6% | +176.2% | +97.7% | +45.3% | - |
| PBT growth | +310.9% | +45.1% | +353.1% | +9998.0% | +97.8% | +45.6% | - |
| Net income growth | +505.8% | +0.5% | +430.8% | +163.9% | -2133.3% | +50.0% | - |
| Revenue CAGR (3Y) | +49.0% | +71.3% | +1101.0% | +366.9% | +50.2% | -88.9% | -85.1% |
| EBITDA CAGR (3Y) | - | - | -77.6% | - | +84.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +12.5% | +3.6% | +3.0% | +1.3% | -5.3% | - | - |
| Return on capital employed | +2.9% | +0.7% | +0.5% | +0.1% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +2.8% | +0.5% | +0.5% | +0.1% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.43 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 20,216.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 0.00 | 0.00 | 21.03 | 5.89 | 6.10 | 0.00 | 0.02 |
| Debtors turnover | 5.10 | 7.35 | 15.28 | 17.20 | 9.60 | 0.03 | 0.09 |
| EPS (βΉ) | 0.64 | 0.10 | 0.10 | 0.02 | (0.03) | (1.39) | (2.55) |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 19.58 | 18.94 | 18.84 | 18.73 | 18.71 | 13.61 | 15.00 |
Competitors of Avance
Avance has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Avance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Avance
The website of Avance (avance.in) receives about 4K visits a month.
- Monthly visits4K
▼ 62.9% vs previous month
Websites whose visitors overlap most with Avance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
goldcalculator.in | goldcalculator.in | 100% | #223,091 | β | |
shareprice-target.com | shareprice-target.com | 100% | #885,871 | β | |
| fncalculator.com | 100% | #252,441 | View details | ||
moneycontrol.com | moneycontrol.com | 81% | #489 | β | |
visa.co.in | visa.co.in | 60% | #149,076 | β | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 6 similar websites and full traffic analytics for Avance
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- Audience overlap
- Engagement analytics
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Related news about Avance
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Frequently Asked Questions about Avance
Avance was founded in 1985.
Avance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Avance has 8 employees.
The primary company behind Avance, Avance Technologies Limited, reported revenue of βΉ173 Cr for FY 2026, down 7% year on year.
Avance Technologies Limited is recognized as a pioneering force in digital infrastructure and systems administration. Comprehensive solutions are offered for cloud infrastructure, IT operations, and AI-powered enterprise systems. Services are extended across sectors like healthcare, finance, manufacturing, and hospitality. Scalable and secure solutions are delivered to enhance connectivity, performance, and reliability. Innovation is prioritized to ensure optimal business growth and efficiency for clients globally.
Avance's top competitors include Happiest Minds and Datamatics.
Avance offers Digital Infrastructure Solutions, Embedded Device Management, Avance Hybrid Infrastructure, Cloud Integration and Management, and 2 more products and services.
Yes, Avance is publicly traded on BSE under the ticker symbol AVANCE.
Avance operates through Avance Technologies Limited.
The legal entities of Avance currently have 9 directors, including Vasant Tukaram Bhoir, Sanjay Atmaram Devlekar, Akshay Vijay Nawale and others.
