---
title: "Advance Technoforge (ADVANCETL) Share Price, Financials & Research"
symbol: "ADVANCETL"
company: "Advance Technoforge"
canonical: "https://tapetide.com/stocks/ADVANCETL"
isin: "INE13ZJ01010"
bse_code: "544843"
sector: "Capital Goods"
industry: "Castings & Forgings"
generated_at: "2026-11-05T01:37:37.652Z"
---

# Advance Technoforge (ADVANCETL)

Canonical page: https://tapetide.com/stocks/ADVANCETL

## Key Facts

- **Close:** ₹72.60 on 4 Nov 2026
- **Promoter holding:** 71.98% in Sep 2026, a change of -28.02 percentage points from Dec 2025

## Company

- **BSE code:** 544843
- **ISIN:** INE13ZJ01010
- **Sector:** Capital Goods
- **Industry:** Castings & Forgings
- **In the F&O segment:** No

## Latest Price

- **Close:** ₹72.60 on 4 Nov 2026

## Key Fundamentals

Price-based figures at the 4 Nov 2026 close · TTM.

- **ROCE:** 24.60%
- **Debt to Equity:** 1.26
- **Book Value:** ₹41.78
- **P/B:** 1.74
- **ROE:** 35.40%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹8.40 Cr
- **52W High:** ₹94.00
- **52W Low:** ₹51.00

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bearish | 6 | 10 | 3 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Bearish | 4 | 4 | 2 |

### Oscillators: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 47.79 | Neutral |
| MACD (12,26,9) | 0.25 | Bearish |
| Stochastic (14,3,3) | 25.19 | Neutral |
| ADX (14) | 17.96 | Neutral |
| Williams %R (14) | -74.75 | Neutral |
| ATR (14) | 3.27 | Neutral |
| ROC (12) | -7.61 | Bearish |
| Stoch RSI (14) | 12.01 | Bullish |
| UO (7,14,28) | 39.67 | Neutral |

### Moving Averages: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 72.93 | Bearish |
| EMA (10) | 73.19 | Bearish |
| SMA (20) | 74.73 | Bearish |
| EMA (20) | 73.25 | Bearish |
| SMA (50) | 71.07 | Bullish |
| EMA (50) | 72.01 | Bullish |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 76.30 | 75.56 | 73.21 |
| R2 | 75.56 | 74.71 | 73.01 |
| R1 | 74.08 | 74.19 | 72.80 |
| PP | 73.34 | 73.34 | 73.34 |
| S1 | 71.86 | 72.49 | 72.40 |
| S2 | 71.12 | 71.97 | 72.19 |
| S3 | 69.64 | 71.12 | 71.99 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 5Y | 15.42% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 9.79% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | -1.32% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | 5Y | 49.15% | compounded annual rate, Mar 2021 to Mar 2026 |
| Net profit | 3Y | 75.59% | compounded annual rate, Mar 2023 to Mar 2026 |
| Net profit | 1Y | 50.37% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | 5Y | Turned positive | compounded annual rate, Mar 2021 to Mar 2026: -₹0.52 Cr to ₹4.45 Cr. A cash outflow at the start and an inflow at the end. |
| Operating cash flow | 3Y | 46.68% | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating cash flow | 1Y | 17.41% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | 5Y | +6.57 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +9.32 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +5.48 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |

Trailing twelve months: No quarterly results are reported.

## Financial Statements

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 24.41 | 31.44 | 37.79 | 47.92 | 50.68 | 50.01 |
| Expenses | 22.22 | 29.57 | 35.44 | 44.24 | 45.58 | 42.24 |
| Operating Profit | 2.19 | 1.87 | 2.35 | 3.68 | 5.1 | 7.77 |
| OPM % | 8.97% | 5.95% | 6.22% | 7.68% | 10.06% | 15.54% |
| Other Income | 0.01 | 0 | 0 | 0.18 | 0.45 | 0.59 |
| Interest | 0.97 | 0.81 | 0.83 | 1 | 1.32 | 1.54 |
| Depreciation | 0.48 | 0.48 | 0.54 | 0.59 | 0.7 | 1.29 |
| Profit before tax | 0.75 | 0.58 | 0.98 | 2.27 | 3.53 | 5.53 |
| Tax % | 25.33% | 32.76% | 23.47% | 25.11% | 23.51% | 26.58% |
| Net Profit | 0.55 | 0.4 | 0.75 | 1.7 | 2.7 | 4.06 |
| EPS in Rs | 11 | 8 | 15 | 34 | 4.15 | 6.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 0.5 | 0.5 | 0.5 | 0.5 | 6.5 | 6.5 |
| Reserves | 3.58 | 3.98 | 4.73 | 6.44 | 3.13 | 7.19 |
| Borrowings | 7.84 | 7.46 | 8.51 | 11.19 | 17.51 | 17.3 |
| Other Liabilities | 7.43 | 10.06 | 8.43 | 10.52 | 12.37 | 15.93 |
| Total Liabilities | 19.35 | 22 | 22.17 | 28.65 | 39.51 | 46.92 |
| Fixed Assets | 5.57 | 5.82 | 6.38 | 7.25 | 13.65 | 17.24 |
| CWIP | 0 | 0 | 0 | 0.31 | 2.1 | 0 |
| Investments | 0 | 0.1 | 0.54 | 0 | 0 | 0 |
| Other Assets | 13.78 | 16.08 | 15.25 | 21.09 | 23.76 | 29.68 |
| Total Assets | 19.35 | 22 | 22.17 | 28.65 | 39.51 | 46.92 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | -0.52 | 1.69 | 1.41 | 0.19 | 3.79 | 4.45 |
| Cash from Investing Activity | 0.38 | -0.49 | -1.64 | -1.82 | -8.8 | -2.71 |
| Cash from Financing Activity | 0.1 | -1.23 | 0.23 | 1.67 | 5.03 | -1.75 |
| Net Cash Flow | -0.04 | -0.03 | 0 | 0.04 | 0.01 | -0.01 |
| Free Cash Flow | -0.15 | 0.85 | 0.2 | -1.67 | -5.1 | 1.58 |
| CFO/OP | -16 | 99 | 68 | 20 | 91 | 69 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 117 | 104 | 90.31 | 89.04 | 87.43 | 96.05 |
| Inventory Days | 141 | 121 | 82.55 | 111 | 107 | 191 |
| Days Payable | 177 | 164 | 106 | 120 | 148 | 205 |
| Cash Conversion Cycle | 81.5 | 61.45 | 67.1 | 80.41 | 47.01 | 82.03 |
| Working Capital Days | 43.66 | 21.83 | 23.66 | 20.79 | -3.24 | 8.25 |
| ROCE % | — | 12.66% | 15.03% | 21.09% | 21.43% | 24.63% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2025 | Dec 2025 | Sep 2026 |
| --- | ---: | ---: | ---: |
| Promoters | 100.00% | 100.00% | 71.98% |
| FIIs | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% |
| Public | 0.00% | 0.00% | 26.11% |
| Others | 0.00% | 0.00% | 1.91% |
| No. of Shareholders | 10 | 10 | 855 |

## Documents

### Exchange filings

| Date | Document | Category |
| --- | --- | --- |
| 26 Oct 2026 | [Board Meeting Intimation for CONSIDER AND APPROVE STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED ON SEPTEMBER 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f065a606-86de-44e3-8ab4-413fb0b09451.pdf) | Intimation |
| 6 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6be4f38d-579e-4009-9aad-d10efcf60a95.pdf) | General announcements |
| 1 Oct 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0780d42d-f79a-476a-8b06-a8d613c7c7b0.pdf) | Intimation |
| 28 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ce5b00f-df8e-40ca-a0ec-3e2cc5a66f70.pdf) | Intimation |
| 24 Aug 2026 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c2cf0d1-427e-4e69-9f34-2ad24b499668.pdf) | General announcements |

## Frequently Asked Questions about Advance Technoforge

### Where is Advance Technoforge (ADVANCETL) listed?

Advance Technoforge trades under code 544843 on the BSE.

### Which sector does Advance Technoforge belong to?

Advance Technoforge is classified under the Capital Goods sector, in the Castings & Forgings industry.

### What is the 52-week high and low of Advance Technoforge?

Over the last 52 weeks Advance Technoforge has traded between ₹51 and ₹94 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Advance Technoforge?

Advance Technoforge reported a return on equity of 35.40%. Its debt-to-equity ratio is 1.26.

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Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:07 IST.