Avance Technologies Ltd

AVANCE

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Market Cap

₹ 230 Cr

P/E

116.00

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

HIGH RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Avance Technologies Limited, formerly VMC Software Limited, operates in software-related products with a focus on IT communication services.

The company specializes in providing end-to-end mobile data services, including innovative applications on their IT platform.

Avance offers a suite of mobile marketing services, including SMS, SEO, PPC, and social media management, aimed at enhancing client communication.

Their mobile marketing platform delivers SMS services internationally, leveraging CDMA/GSM and offering mission-critical messaging capabilities.

Avance acts as a strategic partner, assisting businesses in identifying growth opportunities and overcoming market challenges.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

230 Cr

Volatility

Moderate Risk

P/E Ratio

116.0

Industry P/E

35.9

PEG Ratio

13.5

P/B Ratio

0.6

52W High

3.15

52W Low

0.52

Sales CAGR

19.04%

71.35%

186.60%

10Y

-6.05%

Profit CAGR

8.61%

—

10Y

—

ROE

TTM

0.32%

0.41%

-1.34%

10Y

-2.07%

ROCE

TTM

0.56%

0.53%

-1.26%

10Y

-2.02%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SELLWIN	9.95	233 Cr	33.10	3.15	0.00	9.64	10.48	5.42
AVANCE	1.16	230 Cr	116.00	0.60	0.00	0.32	0.56	0.22
OMNITEX	540.00	227 Cr	—	1.28	1.49	-14.35	2.29	0.14
MANBRO	388.00	225 Cr	143.70	5.24	0.00	3.64	4.23	3.60
VISAMAN	116.00	225 Cr	104.50	3.65	0.00	5.24	7.42	2.55
SICAGEN	56.00	223 Cr	14.64	0.43	1.77	3.25	5.16	2.03
MKEXIM	55.49	222 Cr	12.48	2.22	0.00	20.51	26.97	17.98

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2.56	17	19	106	47	44	32	48	37	41
Expenses	2.38	16	17	106	45	41	31	50	37	43
Operating Profit	0.18	0.70	1.92	-0.29	2.19	2.73	1.57	-1.85	0.67	-1.72
OPM %	7.03	4.12	10.09	-0.27	4.67	6.18	4.85	-3.83	1.79	-4.15
Other Income	0.00	0.00	0.00	2.53	0.00	0.00	0.19	2.01	0.95	0.97
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.01	0.00	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Profit Before Tax	0.18	0.69	1.92	2.24	2.19	2.73	1.74	0.15	1.62	-0.77
Tax %	0.00	0.00	0.00	6.70	0.00	0.00	0.00	1,006.67	0.00	0.00
Net Profit	0.18	0.69	1.92	2.09	2.19	2.73	1.74	-1.36	1.62	-0.77
EPS in Rs	0.00	0.00	0.01	0.11	0.11	0.01	0.01	-0.01	0.01	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	102	90	29	31	144	172	162
Expenses	102	90	29	30	142	167	159
Operating Profit	-0.03	0.20	0.16	0.49	2.50	5.16	3.12
OPM %	-0.03	0.22	0.56	1.61	1.73	3.01	1.92
Other Income	-1.06	0.01	0.05	0.01	2.53	2.20	NaN
Interest	0.00	0.00	0.05	0.00	0.00	0.02	0.03
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	-1.10	0.21	0.17	0.50	5.03	7.34	6.24
Tax %	-0.09	0.42	29.02	19.24	2.98	27.80	24.20
Net Profit	-1.10	0.21	0.12	0.41	4.88	5.30	4.73
EPS in Rs	—	—	—	0.00	0.12	0.12	0.01
Dividend Payout %	0.00	—	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025
Equity Capital	198	198	198	198	198	198
Reserves	188	188	189	173	178	183
Borrowings	0.00	0.00	150	0.00	0.00	56
Other Liabilities	58	62	62	63	113	63
Total Liabilities	444	448	598	435	489	500
Fixed Assets	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
Investments	224	222	223	276	250	235
Other Assets	220	226	376	159	239	265
Total Assets	444	448	598	435	489	500

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	28	-1.34	0.05	6.16	30	-68
Cash from Investing Activity	-28	1.58	-150	7.36	26	18
Cash from Financing Activity	0.00	0.00	150	-14	-42	56
Net Cash Flow	-0.24	0.24	-0.31	0.01	15	5.71

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	0.88%	0.88%	0.88%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	99.12%	99.12%	99.12%	99.32%	99.32%	99.32%	99.32%	99.32%	99.32%	99.32%	99.32%	99.32%
Total Shareholders	18,343	18,229	23,775	36,418	49,912	75,261	1,57,589	2,70,359	3,72,843	3,89,916	3,83,464	4,06,061

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 12, 2025	Devi traders llp	Bulk	Sell	1.12	1.17 Cr	1,04,03,628	0.52
Dec 12, 2025	Devi traders llp	Bulk	Buy	1.07	0.93 Cr	86,95,126	0.43
Dec 10, 2025	Devi traders llp	Bulk	Sell	1.21	1.29 Cr	1,06,70,875	0.53
Dec 10, 2025	Devi traders llp	Bulk	Buy	1.19	1.03 Cr	86,70,875	0.43
Dec 02, 2025	Devi traders llp	Bulk	Sell	0.96	1.34 Cr	1,39,07,691	0.70
Dec 02, 2025	Devi traders llp	Bulk	Buy	0.97	0.61 Cr	62,69,282	0.31
Dec 01, 2025	Ishaan tradefin llp	Bulk	Buy	0.88	1.19 Cr	1,35,50,000	0.68
Dec 01, 2025	Ishaan tradefin llp	Bulk	Sell	0.94	0.54 Cr	57,00,000	0.28
Nov 26, 2025	Neo apex venture llp	Bulk	Buy	1.00	1.86 Cr	1,85,50,000	0.93
Nov 20, 2025	Neo apex venture llp	Bulk	Sell	1.32	7.33 Cr	5,55,55,528	2.80

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Bullish

Overall

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Moving Averages

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2.56	17	19	106	47	44	32	48	37	41
Expenses	2.38	16	17	106	45	41	31	50	37	43
Operating Profit	0.18	0.70	1.92	-0.29	2.19	2.73	1.57	-1.85	0.67	-1.72
OPM %	7.03	4.12	10.09	-0.27	4.67	6.18	4.85	-3.83	1.79	-4.15
Other Income	0.00	0.00	0.00	2.53	0.00	0.00	0.19	2.01	0.95	0.97
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.01	0.00	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Profit Before Tax	0.18	0.69	1.92	2.24	2.19	2.73	1.74	0.15	1.62	-0.77
Tax %	0.00	0.00	0.00	6.70	0.00	0.00	0.00	1,006.67	0.00	0.00
Net Profit	0.18	0.69	1.92	2.09	2.19	2.73	1.74	-1.36	1.62	-0.77
EPS in Rs	0.00	0.00	0.01	0.11	0.11	0.01	0.01	-0.01	0.01	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	102	90	29	31	144	172	162
Expenses	102	90	29	30	142	167	159
Operating Profit	-0.03	0.20	0.16	0.49	2.50	5.16	3.12
OPM %	-0.03	0.22	0.56	1.61	1.73	3.01	1.92
Other Income	-1.06	0.01	0.05	0.01	2.53	2.20	NaN
Interest	0.00	0.00	0.05	0.00	0.00	0.02	0.03
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	-1.10	0.21	0.17	0.50	5.03	7.34	6.24
Tax %	-0.09	0.42	29.02	19.24	2.98	27.80	24.20
Net Profit	-1.10	0.21	0.12	0.41	4.88	5.30	4.73
EPS in Rs	—	—	—	0.00	0.12	0.12	0.01
Dividend Payout %	0.00	—	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025
Equity Capital	198	198	198	198	198	198
Reserves	188	188	189	173	178	183
Borrowings	0.00	0.00	150	0.00	0.00	56
Other Liabilities	58	62	62	63	113	63
Total Liabilities	444	448	598	435	489	500
Fixed Assets	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
Investments	224	222	223	276	250	235
Other Assets	220	226	376	159	239	265
Total Assets	444	448	598	435	489	500

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	28	-1.34	0.05	6.16	30	-68
Cash from Investing Activity	-28	1.58	-150	7.36	26	18
Cash from Financing Activity	0.00	0.00	150	-14	-42	56
Net Cash Flow	-0.24	0.24	-0.31	0.01	15	5.71

Overview

Detailed Summary

Avance Technologies Limited, formerly VMC Software Limited, operates in software-related products with a focus on IT communication services.

The company specializes in providing end-to-end mobile data services, including innovative applications on their IT platform.

Avance offers a suite of mobile marketing services, including SMS, SEO, PPC, and social media management, aimed at enhancing client communication.

Their mobile marketing platform delivers SMS services internationally, leveraging CDMA/GSM and offering mission-critical messaging capabilities.

Avance acts as a strategic partner, assisting businesses in identifying growth opportunities and overcoming market challenges.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

230 Cr

Volatility

Moderate Risk

P/E Ratio

116.0

Industry P/E

35.9

PEG Ratio

13.5

P/B Ratio

0.6

52W High

3.15

52W Low

0.52

Sales CAGR

19.04%

71.35%

186.60%

10Y

-6.05%

Profit CAGR

8.61%

—

10Y

—

ROE

TTM

0.32%

0.41%

-1.34%

10Y

-2.07%

ROCE

TTM

0.56%

0.53%

-1.26%

10Y

-2.02%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SELLWIN	9.95	233 Cr	33.10	3.15	0.00	9.64	10.48	5.42
AVANCE	1.16	230 Cr	116.00	0.60	0.00	0.32	0.56	0.22
OMNITEX	540.00	227 Cr	—	1.28	1.49	-14.35	2.29	0.14
MANBRO	388.00	225 Cr	143.70	5.24	0.00	3.64	4.23	3.60
VISAMAN	116.00	225 Cr	104.50	3.65	0.00	5.24	7.42	2.55
SICAGEN	56.00	223 Cr	14.64	0.43	1.77	3.25	5.16	2.03
MKEXIM	55.49	222 Cr	12.48	2.22	0.00	20.51	26.97	17.98