---
title: "Advance Technoforge Ltd (1286059) — Share Price, Financials & Analysis"
symbol: "1286059"
company: "Advance Technoforge Ltd"
canonical: "https://tapetide.com/stocks/1286059"
bse_code: "544843"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:09:41.771Z"
---

# Advance Technoforge Ltd (1286059)

Canonical page: https://tapetide.com/stocks/1286059

## Company

- **BSE Code:** 544843
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in 2013, Advance Technoforge Limited is engaged in the manufacturing and supplying of the forged and precision machined parts.[1]

## Latest Price

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 33.0%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 53% | 70% | 50% |
| revenue growth | -1% | 10% | 15% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| 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

All figures in ₹ crore unless the row name says otherwise.

| 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

All figures in ₹ crore unless the row name says otherwise.

| 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 | 117.38 | 103.79 | 90.31 | 89.04 | 87.43 | 96.05 |
| Inventory Days | 141.13 | 121.49 | 82.55 | 110.9 | 107.09 | 190.96 |
| Days Payable | 177.01 | 163.83 | 105.75 | 119.53 | 147.51 | 204.98 |
| 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

### annual

| Category | Aug 2026 |
| --- | --- |
| Promoters | 71.98% |
| Public | 28.02% |
| No. of Shareholders | 919 |

### Quarterly

| Category | Aug 2026 |
| --- | --- |
| Promoters | 71.98% |
| Public | 28.02% |
| No. of Shareholders | 919 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 24 Aug - Advance Technoforge clarifies recent price movement is market-driven; no undisclosed material event exists. | [Clarification On Price Movement 24 Aug - Advance Technoforge clarifies recent price movement is market-driven; no undisclosed material event exists.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c2cf0d1-427e-4e69-9f34-2ad24b499668.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:09:41.771Z.