Advance Multitech
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What does Advance Multitech do?
ADVANCE Group of Industries having diverse activities in Textiles, Petrochemicals and Polymers. ADVANCE ranges products and services in the field of manufacturing of Petrochemicals, like, Ethanolamines, Alkyl Ethanolamines, Glycol Ethers, Automotive Fluids, Aeronautic Fluids/additives, Perfumery Chemicals, Fire Fighting chemicals etc., through their Company, Viz., ADVANCE PETROCHEMICALS LTD. Rubber products, like, Rubber Printing Blankets, Rubber Sheets, Rubber/Polymer Coated Cellulose/Man-made Fiber Fabric, Conveyor Belts, through their Company, Viz., ADVANCE MULTITECH LTD. Processing, Cotton, Blended, Synthetics, High Fashion Fabrics through their Company, Viz.,ADVANCE SYNTHETIC MILLS. Export & Imports of various products through their Company, Viz., ADVANCE IMPEX M/s.Advance Multitech Limited was originally incorporated under the name of M/s. Honest Textiles Pvt. Ltd
Who are the competitors of Advance Multitech?
Advance Multitech major competitors are Dolfin Rubbers, Lead Reclaim&Rubber, Somi Conveyor Beltg., Pentagon Rubber, Horizon Reclaim (I), Defrail Technologies, MM Rubber Company. Market Cap of Advance Multitech is ₹143 Crs. While the median market cap of its peers are ₹89 Crs.
Is Advance Multitech financially stable compared to its competitors?
Advance Multitech seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Advance Multitech pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Advance Multitech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Advance Multitech allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Advance Multitech balance sheet?
Balance sheet of Advance Multitech is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Advance Multitech improving?
Yes, profit is increasing. The profit of Advance Multitech is ₹6.16 Crs for TTM, ₹0.36 Crs for Mar 2025 and -₹6.82 Crs for Mar 2024.
Is the debt of Advance Multitech increasing or decreasing?
The net debt of Advance Multitech is decreasing. Latest net debt of Advance Multitech is -₹0.17 Crs as of Mar-26. This is less than Mar-25 when it was ₹0.82 Crs.
Is Advance Multitech stock expensive?
There is insufficient historical data to gauge this. Latest PE of Advance Multitech is 23.24
Has the share price of Advance Multitech grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Advance Multitech?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Advance Multitech is 40.74% and last quarter promoter holding is 40.74%.
Are mutual funds buying/selling Advance Multitech?
There is Insufficient data to gauge this.