Ace Software Exports Ltd

Ace Soft. Exp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ace Software Exports Ltd

₹ 254 1.99%
03 Jul - close price
acesoftex.com BSE: 531525
About

Incorporated in 1994, Ace Software Exports Limited is mainly engaged in the business of creation of Database. The company provides Document Management, Digital Publishing and Data Conversion and Technological solutions to its clients.

Key Points

Services Offered:[1]
The company runs its Publishing business through:
a) Pre Press Projects
b) E-book Formatting
c) Editing Content
d) Cover Design
e) Distribution & Marketing
f) Document Conversion

The company also offers technological solutions through:[2]
a) building Apps
b) Websites
c) Software
d) Providing IT Infra
e) Project Management

Website BSE
  • Market Cap ₹ 162 Cr.
  • Current Price ₹ 254
  • High / Low ₹ 255 / 17.4
  • Stock P/E 32.8
  • Book Value ₹ 47.0
  • Dividend Yield 0.00 %
  • ROCE 21.0 %
  • ROE 19.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 52.9% CAGR over last 5 years
  • Promoter holding has increased by 6.85% over last quarter.
  • Company's working capital requirements have reduced from 161 days to 105 days

Cons

  • Stock is trading at 5.39 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.65% over last 3 years.
  • Earnings include an other income of Rs.6.04 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.31 2.15 2.44 2.64 2.55 2.39 2.79 3.20 1.94 1.90 1.98 2.09 17.75
3.23 2.45 2.73 2.68 2.81 2.30 2.83 2.66 2.19 2.17 2.06 2.24 16.68
Operating Profit -0.92 -0.30 -0.29 -0.04 -0.26 0.09 -0.04 0.54 -0.25 -0.27 -0.08 -0.15 1.07
OPM % -39.83% -13.95% -11.89% -1.52% -10.20% 3.77% -1.43% 16.88% -12.89% -14.21% -4.04% -7.18% 6.03%
0.18 0.10 0.41 0.10 0.20 0.09 0.10 0.12 0.13 0.08 1.14 3.03 1.79
Interest 0.03 0.02 0.02 0.02 0.03 0.02 0.02 0.03 0.00 0.00 0.00 0.00 0.13
Depreciation 0.00 0.18 0.16 0.16 0.15 0.16 0.16 0.18 0.09 0.08 0.08 0.08 0.47
Profit before tax -0.77 -0.40 -0.06 -0.12 -0.24 0.00 -0.12 0.45 -0.21 -0.27 0.98 2.80 2.26
Tax % -6.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -4.76% 0.00% 0.00% 0.00% 19.47%
-0.81 -0.39 -0.05 -0.11 -0.24 0.00 -0.13 0.45 -0.21 -0.27 0.98 2.81 1.82
EPS in Rs 2.14 -0.60 0.11 -0.11 -0.53 0.13 -0.15 0.77 -0.45 -0.58 2.09 6.00 2.22
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3.75 4.70 5.92 8.05 8.43 8.71 8.00 9.14 8.85 9.78 10.32 23.72
4.06 4.72 5.61 7.33 7.57 8.23 9.16 12.11 9.58 10.61 9.88 23.14
Operating Profit -0.31 -0.02 0.31 0.72 0.86 0.48 -1.16 -2.97 -0.73 -0.83 0.44 0.58
OPM % -8.27% -0.43% 5.24% 8.94% 10.20% 5.51% -14.50% -32.49% -8.25% -8.49% 4.26% 2.45%
0.82 1.15 0.97 0.84 0.83 1.03 1.26 1.02 0.57 0.81 0.37 6.04
Interest 0.03 0.02 0.03 0.02 0.07 0.06 0.01 0.10 0.11 0.15 0.11 0.13
Depreciation 0.28 0.29 0.75 0.34 0.38 0.32 0.24 0.67 0.64 0.64 0.58 0.70
Profit before tax 0.20 0.82 0.50 1.20 1.24 1.13 -0.15 -2.72 -0.91 -0.81 0.12 5.79
Tax % 0.00% 3.66% 6.00% 1.67% 16.13% 7.96% -6.67% 0.00% -5.49% 0.00% 8.33% 7.60%
0.21 0.79 0.47 1.18 1.04 1.03 -0.16 -2.72 -0.95 -0.81 0.12 5.35
EPS in Rs 0.45 1.69 1.00 2.52 2.22 2.20 0.09 -3.65 -1.30 -1.15 0.32 7.73
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 18%
5 Years: 24%
3 Years: 39%
TTM: 130%
Compounded Profit Growth
10 Years: 23%
5 Years: 53%
3 Years: 112%
TTM: 2994%
Stock Price CAGR
10 Years: 40%
5 Years: 67%
3 Years: 130%
1 Year: 1221%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 7%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.68 6.40
Reserves 12.04 12.82 13.29 14.47 16.84 17.70 17.60 14.65 14.98 14.88 15.28 23.68
0.17 0.05 0.00 0.05 0.00 0.00 0.35 1.72 1.91 1.77 0.00 1.90
0.47 0.62 1.32 1.08 0.98 1.67 3.73 3.11 2.49 1.98 1.10 7.54
Total Liabilities 17.36 18.17 19.29 20.28 22.50 24.05 26.36 24.16 24.06 23.31 21.06 39.52
2.33 2.28 2.01 4.05 4.53 4.30 8.92 9.05 9.00 8.35 4.52 10.30
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 7.16 5.12 4.02 5.03 7.89 8.68 5.46 1.71 2.53 6.53 7.46 12.58
7.87 10.77 13.26 11.20 10.08 11.07 11.98 13.40 12.53 8.43 9.08 16.64
Total Assets 17.36 18.17 19.29 20.28 22.50 24.05 26.36 24.16 24.06 23.31 21.06 39.52

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 -0.98 -0.05 3.29 1.11 -0.86 -1.22 -4.05 -0.71 2.58 -0.78 -3.32
0.00 1.52 -0.35 -2.89 -1.16 0.45 -0.31 2.58 0.08 -2.26 2.83 -4.59
0.00 -0.18 -0.08 0.03 -0.06 -0.01 2.36 1.22 0.13 -0.14 -2.29 12.68
Net Cash Flow 0.00 0.36 -0.48 0.43 -0.12 -0.41 0.82 -0.25 -0.51 0.18 -0.24 4.76

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29.20 0.00 1.85 0.00 0.00 2.51 4.56 4.79 0.41 0.37 0.35 19.70
Inventory Days
Days Payable
Cash Conversion Cycle 29.20 0.00 1.85 0.00 0.00 2.51 4.56 4.79 0.41 0.37 0.35 19.70
Working Capital Days 415.61 414.70 306.43 135.57 125.13 155.89 192.08 221.24 219.00 169.81 208.67 105.41
ROCE % 2.55% 3.76% 1.85% 5.42% 6.27% 5.41% -3.39% -13.03% -3.96% -4.93% 1.29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.84% 67.84% 68.02% 68.02% 68.02% 68.02% 68.02% 68.08% 68.11% 68.11% 68.11% 74.96%
32.16% 32.16% 31.98% 31.98% 31.98% 31.98% 31.98% 31.92% 31.89% 31.88% 31.88% 25.03%
No. of Shareholders 3,3423,3783,4223,5573,5653,5833,6363,6343,6093,5493,6773,619

Documents

Announcements

Annual reports