Avance Technologies Limited (AVANCE.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+2330.5%

₹17.26

vs ₹0.71 price

Levered DCF

₹4.96

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	13.14×	19.71×	48.78×	34×	-16.33×	-3.5×	-0.73×	67.86×
P/B	0.44×	0.28×	0.63×	0.04×	0.03×	0.36×	0.13×	0.1×
P/S	1.09×	0.61×	1.65×	0.44×	0.87×	2,263.73×	125.68×	11.08×
EV / EBITDA	-558.84×	30.05×	44.32×	26.69×	614.45×	-3.53×	-3.63×	0×
Gross margin	0.0%	3.2%	1.9%	2.1%	-3.9%	48.3%	27.2%	-0.3%
Operating margin	-0.3%	2.7%	1.7%	1.6%	-5.5%	-228.0%	-9890.5%	-3.5%
Net margin	8.3%	3.1%	3.4%	1.3%	-5.3%	-64254.1%	-16894.4%	16.4%
Current ratio	2.18×	1.68×	0.76×	0.75×	0.82×	0.04×	0.95×	0.92×
Debt / equity	0.42×	0.15×	0×	0×	0×	0×	0.49×	0.38×
Interest coverage	-6.31×	294.94×	8,333×	4,913×	0×	-978×	0×	-294.5×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.4%	1.4%	1.3%	0.1%	-0.2%	-10.2%	-17.0%	0.1%
Return on invested capital	-0.1%	0.7%	0.6%	0.1%	-0.2%	-0.0%	-6.7%	-0.0%
Return on assets	2.0%	1.1%	1.0%	0.1%	-0.1%	-9.2%	-10.7%	0.1%
Free cash flow yield	-70.7%	-62.6%	12.8%	45.8%	185.8%	22.8%	-8.3%	115.8%
Earnings yield	7.6%	5.1%	2.1%	3.0%	-6.1%	-28.4%	-134.4%	1.5%
Enterprise value	₹2.9B	₹1.6B	₹2.2B	₹134.2M	₹100.2M	₹968.6M	₹1.8B	₹1.8B
Net debt / EBITDA	-222.49×	9.81×	-2.94×	-0.11×	-2.71×	0.01×	-2.88×	0×
Cash conversion cycle (days)	203	-35	-209	-674	-1,507	-495,682	-14,627	-1,635