Advance Multitech Limited

Industrials — Specialty Industrial Machinery · BSE

₹226.40+₹10.75 (+4.98%)

DalalBaazaar Score

44 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity.

In simple words: Profitability data is thin for this company. Thin profit margins are the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:06 pm

Mixed / neutral. No major red flags jump out, but nothing here screams "obviously cheap" either. This is a name that needs a peer comparison and a view on near-term earnings triggers before sizing a position.

Understanding the Business

Company site ↗

The 60-second version of Advance Multitech Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Advance Multitech Limited manufactures and sells rubber products in India. The company offers textile printing blankets, new textile machines, second-hand textile machines, and PU coated fabrics, as well as rubber coated fabrics, sheets, and conveyor belts.

IndustrySpecialty Industrial Machinery

SectorIndustrials

Who are its competitors?

The closest listed comparisons in its industry are SIEMENS LTD, ABB INDIA LIMITED, LARSEN & TOUBRO LTD., HAVELLS INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

SIEMENS LTDP/E 88.8x · ROE 10.5%

ABB INDIA LIMITEDP/E 92.6x · ROE 19.1%

LARSEN & TOUBRO LTD.P/E 30.1x · ROE 15.2%

HAVELLS INDIA LIMITEDP/E 43.5x · ROE 17.1%

DalalBaazaar Score

44/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ The business is lossmaking at the net level

Quality vs. Valuation

Company Quality

36/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

87/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

Optically cheap, but the underlying business scores poorly. Cheap-and-weak is what a value trap looks like from the outside — the low price may be deserved.

Historical Valuation

Current P/E

14.8x

Sector Median

66.2x

median of 4 sector peers

🟢Against its sector it trades 78% below the peer median of 66.2x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Cheap

66.2x median of 4 peers · -78%

vs. generic bands

Cheap

Below 15x

P/E (Trailing)

14.8x

P/B

—

EV/EBITDA

—

PEG

—

Dividend Yield

None

Red Flags

No automated checks triggered

None of the automated financial checks below were triggered on the years of data available. That is not the same as a clean bill of health — see what could not be checked.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Cheaper than its peers
It trades 78% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.

🔴 Bear CaseWhat could go wrong?

Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Free cash flow remains positive✗ not reported
Profit that never becomes cash eventually stops being profit.

Investment Checklist

1 / 3 checks passed

✗ Healthy net margin (≥ 10%)
✓ Not trading at an extreme valuation (P/E < 40x)
✗ Not buying right at the 52-week high

Price history

Quick Metrics

2 good · 9 neutral · 0 weak

Market Cap

₹92 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

14.8x

Cheap

Cheap against the generic band

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

₹15.28

Profitable

Profitable on a per-share basis

ROE

Not available

No data

Source didn't return this field

ROCE

Not available

No data

Source didn't return this field

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

Not available

No data

Source didn't return this field

Profit Growth (YoY)

Not available

No data

Source didn't return this field

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

Not available

No data

Source didn't return this field

More Metrics

CMP

₹226.4

Operating Margin

0.0%

Weak

Thin margins leave little room for error

Net Margin

0.0%

Weak

Very little revenue reaches the bottom line

52W Range Position

100%

Near high

Near its 52-week high

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

61.9%

Peer Comparison

Company	P/E	ROE
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%
LARSEN & TOUBRO LTD.	30.1x	15.2%
HAVELLS INDIA LIMITED	43.5x	17.1%

Recent News

1 mixed5 general

Advance Multitech Limited (526331) Company Information

Simply Wall Street, 12 Sept

Advance Multitech Ltd. Key Financial Ratios – Valuation, Profitability & More

Value Research, 01 Sept

Advance Multitech shareholders unanimously approve ₹40 crore warrant issue

scanx.trade, 28 Sept

Advance Multitech Ltd. Peer Comparison – Compare with Others

Value Research, 31 Aug

Advance Multitech closes trading window from Oct 1 for Q2FY27 results

scanx.trade, 25 SeptResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

CFEL Stock Price and Chart — NSE:CFEL

TradingView, 18 Aug

Watch Items

Trading very close to its 52-week high — momentum-driven entries here carry more mean-reversion risk.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
7 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

🔴Business QualityWeak2/20

🟡Financial HealthAdequate10/20

🟡GrowthModest10/20

🔴ProfitabilityWeak5.3/15

🟢ValuationAttractive13.2/15

🔴RiskHigh3.2/10

Cheap, but for a reason

The low price is the whole case here, and the business underneath scores poorly. Cheap-and-weak is what a value trap looks like from the outside — it needs a specific reason the numbers are about to improve, not just the observation that they are low.

This thesis breaks if

✗Free cash flow remains positivenot reported