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Avance TechnologiesBOM:512149 -1.10%40 ROE % is 10.53% as of Mar. 2026, which is 9473% above its 10-year median of 0.11. GuruFocus rates BOM:512149 with a GF Score™ of 40/100 and a GF Value™ of ₹1.22 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,689 Software companies, Avance Technologies ranks worse than 53.7% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Avance Technologies ROE % Related Terms
Avance Technologies ROE % Historical Data
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The historical data trend for Avance Technologies's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Information Technology Services subindustry, Avance Technologies's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Avance Technologies ROE % vs Software Industry
For the Software industry and Technology sector, Avance Technologies's ROE % distribution charts can be found below:
* The bar in red indicates where Avance Technologies's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Avance Technologies (BOM:512149) has a ROE % of 10.53% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Avance Technologies and its competitors. This is 9473% above median its historical median of 0.11. According to the industry distribution chart, Avance Technologies ranks #1444 out of 2689 companies in the Software industry, placing it in the top 53.7%.
Is Avance Technologies' ROE % too high?
Avance Technologies' current ROE % of 10.53% is 9473% above median its 10-year median of 0.11. The Software industry median ROE % is 4.74. Avance Technologies' value of 10.53% is 122.2% above this industry median. Based on the distribution chart, Avance Technologies ranks #1444 out of 2689 companies in the Software industry, which is below the industry midpoint. Overall, Avance Technologies has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avance Technologies' ROE % compare to IBM and ACN?
According to the Software industry distribution chart, Avance Technologies ranks #1444 out of 2689 companies for ROE %. This places Avance Technologies in the lower half of its industry. The industry median ROE % is 4.74. Avance Technologies' value of 10.53% is 122.2% above this benchmark. While the company's 10-year median is 0.11 vs. the industry median of 4.74, Avance Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Software company?
The median ROE % among Software companies is 4.74, based on 2,689 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avance Technologies's current ROE % of 10.53% is 122.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Avance Technologies and its competitors. For the Software industry, the median ROE % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avance Technologies's current ROE % is 10.53%, which is 9473% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avance Technologies stock overvalued right now?
Based on GuruFocus' analysis, Avance Technologies (BOM:512149) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1.22, compared to a current price of ₹0.90 — trading 26.2% below its estimated fair value. The current ROE % is 10.53%, which is 9473% above median its 10-year median of 0.11 and 122.2% above the Software industry median of 4.74. Avance Technologies' overall GF Score™ is 40/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Avance Technologies (BOM:512149), the current ROE % is 10.53% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Avance Technologies (BOM:512149) Overvalued in 2026?
Based on GuruFocus' analysis, Avance Technologies stock appears to be undervalued.
The current stock price of ₹0.90 is trading 26.2% below its estimated GF Value™ of ₹1.22.
GuruFocus considers Avance Technologies to be Modestly Undervalued.
Key valuation signals for BOM:512149:
ROE %: 10.53% (9473% above median its 10-year median of 0.11)
GF Value™: ₹1.22 vs. price of ₹0.90 (26.2% below fair value)
Industry Position: 122.2% above the Software median (#1444 of 2689)
No single metric tells the full story. See the BOM:512149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avance Technologies Ltd operates in software-related products. It offers technology solutions to help businesses optimize their digital ecosystems. The company's key services include: digital infrastructure solutions, embedded device management, hybrid infrastructure services, cloud integration and management, data center management and optimization, and IoT infrastructure management, among others. It caters to the technological needs of businesses across various sectors such as healthcare, finance, manufacturing, and hospitality.
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