Ace Software Exp

₹182.3 3.6 | 2%

WEBSITE BSE:531525 NSE : ACE SOFTWARE 18 May, 12:50

Market Cap ₹117 Cr.

Stock P/E 25.8

P/B 3.9

Current Price ₹182.3

Book Value ₹ 47.3

Face Value 10

52W High ₹182.3

Dividend Yield 0%

52W Low ₹ 17.4

Edit Ratio

Ace Software Exp Research see more...

Overview Inc. Year: 1994Industry: IT - Software

Ace Software Exp Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Ace Software Exp Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	2	3	3	2	3	3	2	2	2	2
Other Income	0	0	0	0	0	0	0	0	1	3
Total Income	3	3	3	2	3	3	2	2	3	5
Total Expenditure	3	3	3	2	3	3	2	2	2	2
Operating Profit	0	0	-0	0	0	1	-0	-0	1	3
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	-0	-0	0	-0	0	-0	-0	1	3
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-0	-0	-0	0	-0	0	-0	-0	1	3
Adjustments	0	0	-0	0	0	-0	0	0	-0	0
Profit After Adjustments	0	-0	-0	0	-0	0	-0	-0	1	3
Adjusted Earnings Per Share	0.1	-0.1	-0.5	0.1	-0.1	0.8	-0.5	-0.6	2.1	6

Ace Software Exp Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	4	5	6	8	8	9	8	9	9	10	10	8
Other Income	1	1	1	1	1	1	1	1	1	1	0	4
Total Income	5	6	7	9	9	10	9	10	10	11	11	12
Total Expenditure	4	5	6	7	8	8	9	12	10	11	10	8
Operating Profit	1	1	1	2	2	1	0	-2	-0	-0	1	4
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	1	0	0	0	0	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	0	1	1	1	-0	-3	-1	-1	0	4
Provision for Tax	-0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0	1	0	1	1	1	-0	-3	-1	-1	0	4
Adjustments	0	-0	-0	-0	-0	-0	0	1	0	0	0	0
Profit After Adjustments	0	1	0	1	1	1	0	-2	-1	-1	0	4
Adjusted Earnings Per Share	0.4	1.7	1	2.5	2.2	2.2	0.1	-3.7	-1.3	-1.1	0.3	7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	4%	2%	10%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	-100%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	789%	137%	55%	39%
ROE Average	1%	-3%	-4%	0%
ROCE Average	1%	-2%	-4%	1%

Ace Software Exp Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	17	17	18	19	22	22	22	19	20	20	20
Minority's Interest	0	0	0	0	0	0	2	1	1	1	0
Borrowings	0	0	0	0	0	0	0	1	2	2	0
Other Non-Current Liabilities	-0	0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Total Current Liabilities	1	1	1	1	1	2	2	3	2	2	1
Total Liabilities	17	18	19	20	22	24	26	24	24	23	21
Fixed Assets	2	2	2	4	4	4	8	8	8	7	3
Other Non-Current Assets	7	8	10	11	12	12	11	7	8	9	10
Total Current Assets	8	8	7	6	7	9	7	9	8	7	7
Total Assets	17	18	19	20	22	24	26	24	24	23	21

Ace Software Exp Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	1	0	1	1	0	1	1	0	1
Cash Flow from Operating Activities	-0	-1	-0	3	1	-1	-1	-4	-1	3	-1
Cash Flow from Investing Activities	0	2	-0	-3	-1	0	-0	3	0	-2	3
Cash Flow from Financing Activities	-0	-0	-0	0	-0	-0	2	1	0	-0	-2
Net Cash Inflow / Outflow	-0	0	-0	0	-0	-0	1	-0	-1	0	-0
Closing Cash & Cash Equivalent	1	1	0	1	1	0	1	1	0	1	0

Ace Software Exp Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.44	1.69	1.01	2.52	2.22	2.21	0.08	-3.66	-1.31	-1.15	0.31
CEPS(Rs)	1.04	2.31	2.61	3.24	3.02	2.88	0.17	-4.38	-0.68	-0.35	1.48
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	35.71	37.38	38.4	40.92	45.97	47.82	47.6	41.3	42.01	41.8	42.65
Core EBITDA Margin(%)	-13.39	-0.59	5.12	8.95	9.49	4.96	-14.56	-32.57	-9.29	-9	3.22
EBIT Margin(%)	6.13	17.83	8.97	15.17	14.84	13.12	-1.85	-28.73	-9.08	-7.3	1.88
Pre Tax Margin(%)	5.34	17.45	8.44	14.94	14.7	12.96	-1.94	-29.8	-10.28	-8.26	1.19
PAT Margin (%)	5.45	16.87	8.04	14.63	12.31	11.86	-2.07	-29.8	-10.83	-8.26	1.11
Cash Profit Margin (%)	13.01	22.98	20.67	18.82	16.77	15.49	0.98	-22.44	-3.58	-1.69	6.71
ROA(%)	1.18	4.46	2.54	5.94	4.87	4.48	-0.66	-10.9	-4.02	-3.45	0.52
ROE(%)	1.23	4.63	2.68	6.35	5.11	4.71	-0.74	-13.09	-4.92	-4.12	0.58
ROCE(%)	1.37	4.88	2.99	6.57	6.15	5.21	-0.66	-12.03	-3.77	-3.33	0.94
Receivable days	28.84	0	1.98	0	0	2.57	3.78	4.47	2.72	0.34	0.23
Inventory Days	18.93	21.74	41	36.37	26.99	24.47	29.11	36.83	48.67	41.6	38.34
Payable days	723.3	-352	-236.93	593.66	1142.62	-3725.28	-4770.72	-759.28	0	2232.02	-3101.02
PER(x)	21.58	4.41	8.46	5.39	8.66	11.78	322	0	0	0	52.85
Price/Book(x)	0.27	0.2	0.22	0.33	0.42	0.54	0.51	0.41	0.3	0.44	0.39
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.05	0.55	0.58	0.69	0.98	1.36	1.32	0.96	0.83	1.01	0.72
EV/Core EBITDA(x)	7.69	2.31	2.66	3.56	5.06	8.13	109.59	-4.5	-45.6	-137.37	9.61
Net Sales Growth(%)	47.19	25.17	25.97	36.13	4.7	3.32	-8.21	14.32	-3.2	10.56	5.51
EBIT Growth(%)	-55.59	264.37	-36.6	130.12	2.41	-8.62	-112.94	-1674.59	69.4	11.09	127.15
PAT Growth(%)	-58.05	287.83	-39.96	147.64	-11.9	-0.48	-116.06	-1542.01	64.8	15.7	114.2
EPS Growth(%)	-57.38	281.42	-39.9	148.17	-11.88	-0.52	-96.6	-4984.27	64.16	12.69	127.23
Debt/Equity(x)	0	0	0	0	0	0	0.02	0.09	0.1	0.09	0
Current Ratio(x)	14.35	12.64	5.36	4.73	7.14	5.26	4.17	3.4	3.97	3.93	7.02
Quick Ratio(x)	19.73	12.01	4.66	4.16	6.54	4.88	3.77	2.93	3.35	3.31	5.94
Interest Cover(x)	7.77	47.4	16.86	66.07	106.95	78.86	-20.27	-26.88	-7.57	-7.63	2.74
Total Debt/Mcap(x)	0.01	0.02	0	0.01	0	0	0.03	0.22	0.33	0.2	0

Ace Software Exp Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	68.02	68.02	68.02	68.02	68.02	68.08	68.11	68.11	68.11	74.96
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	31.98	31.98	31.98	31.98	31.98	31.92	31.89	31.89	31.89	25.04
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.48
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.16
Others	0	0	0	0	0	0	0	0	0	0
Total	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.64

Pros

Debtor days have improved from 2232.02 to -3101.02days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of -3% over the last 3 years.
Stock is trading at 3.9 times its book value.
The company has delivered a poor profit growth of -100% over past five years.

* 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.