Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 531525 | NSE: | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ace Software Exports Ltd is a below average quality company.
The key valuation ratios of Ace Software Exports Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ace Software Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.7% | 7.3% | 6.9% | 6.6% | 3.6% | -10.6% | -3.9% | -3.3% | 0.6% | 21.6% | - |
| Value Creation Index ⓘ | -0.8 | -0.5 | -0.5 | -0.5 | -0.8 | -1.8 | -1.3 | -1.2 | -1.0 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 5.9 | 8.1 | 8.4 | 8.7 | 8 | 7.4 | 8.4 | 8.1 | 8.2 | 8.2 | 10 |
| Sales YoY Gr. | - | 36% | 4.7% | 3.3% | -8.2% | -8.1% | 14.3% | -3.9% | 1.6% | 0.1% | - |
| Adj EPS ⓘ | 0.3 | 1.3 | 1.3 | 1.3 | 0.1 | -0.9 | -0.3 | -0.7 | 0.2 | 0.8 | 2.2 |
| YoY Gr. | - | 320% | 0% | 4.8% | -95.5% | -1666.7% | NA | NA | NA | 250% | - |
| BVPS (₹) ⓘ | 19.7 | 21.2 | 24.1 | 25.4 | 26.2 | 22.1 | 22.3 | 22.1 | 22.4 | 25.3 | 61.7 |
| Adj Net Profit ⓘ | 0.2 | 1 | 1 | 1.1 | 0.1 | -0.8 | -0.2 | -0.5 | 0.2 | 0.9 | 3 |
| Cash Flow from Ops. ⓘ | 0 | 1.7 | 1.1 | -0.1 | -1 | -3.2 | -0.6 | 1.6 | 0 | 0.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | -0.1 | -0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.7% | 0.5% | -0.8% | 0.1% | ||||
| Adj EPS ⓘ | 12.1% | 69.5% | NA | 250% | ||||
| BVPSⓘ | 2.8% | -0.7% | 4.2% | 12.8% | ||||
| Share Price | 49.3% | 94.3% | 182.8% | 146.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.6 | 6.2 | 5.6 | 5.3 | 0.2 | -3.9 | -1.3 | -2.9 | 1.1 | 4 | 5.1 |
| Op. Profit Mgn % ⓘ | 5.5 | 9.3 | 10 | 5.2 | -5.5 | -6.9 | -3.1 | -7.5 | 1.6 | -6.3 | 13 |
| Net Profit Mgn % ⓘ | 4.1 | 12.4 | 11.8 | 12 | 0.6 | -10.2 | -2.8 | -6.4 | 2.4 | 11.1 | 27.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 468 | 343 | 261 | 248 | 298 | 391 | 402 | 381 | 333 | 317 | 106 |
| Cash Conv. Cycle ⓘ | 23 | 17 | 7 | 3 | 7 | 23 | 25 | 25 | 24 | 39 | 68 |
Return on Equity has increased versus last 3 years average to 5.10%
Sales growth is good in last 4 quarters at 30.72%
Sales growth has been subdued in last 3 years -0.76%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.2 | 3.3 |
| TTM Sales (₹ Cr.) | 10.4 | 35.7 |
| BVPS (₹.) ⓘ | 61.7 | 65.2 |
| Reserves (₹ Cr.) ⓘ | 66 | 71 |
| P/BV ⓘ | 3.96 | 3.75 |
| PE ⓘ | 109.95 | 73.69 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 97.72 / 354.95 |
| All Time Low / High (₹) | 2.37 / 354.95 |
| Market Cap (₹ Cr.) | 313 |
| Equity (₹ Cr.) | 12.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 8 | 8 | 9 | 8 | 7 | 8 | 8 | 8 | 8 |
| Operating Expenses ⓘ | 6 | 7 | 8 | 8 | 8 | 10 | 9 | 9 | 8 | 9 |
| Manufacturing Costs | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Material Costs | -1 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 |
| Employee Cost | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Other Costs ⓘ | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 |
| Operating Profit ⓘ | 0 | 1 | 1 | 0 | 0 | -3 | -1 | -1 | 0 | -1 |
| Operating Profit Margin (%) | 5.5% | 9.3% | 10.0% | 5.2% | -5.7% | -38.1% | -11.9% | -13.9% | 0.0% | -6.3% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 6 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 1 | 1 | 1 | -2 | -1 | -1 | 0 | 5 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 1 | 1 | 1 | 1 | -2 | -1 | -1 | 0 | 5 |
| PAT Margin (%) | 6.5% | 14.3% | 12.2% | 13.7% | 9.0% | -27.9% | -8.3% | -7.1% | 1.2% | 56.8% |
| Adjusted EPS (₹) | 0.5 | 1.5 | 1.3 | 1.5 | 0.9 | -2.6 | -0.9 | -0.7 | 0.1 | 4.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 16 | 17 | 19 | 20 | 21 | 17 | 18 | 17 | 18 | 27 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 |
| Reserves ⓘ | 11 | 12 | 14 | 15 | 16 | 13 | 13 | 13 | 13 | 21 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Others Liabilities ⓘ | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 |
| Total Liabilities ⓘ | 17 | 18 | 20 | 22 | 22 | 19 | 19 | 18 | 19 | 30 |
Fixed Assets | ||||||||||
| Gross Block | 7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 |
| Accumulated Depreciation | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 |
| Net Fixed Assetsⓘ | 3 | 5 | 5 | 4 | 4 | 4 | 4 | 3 | 4 | 4 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 6 | 7 | 10 | 11 | 11 | 6 | 6 | 7 | 7 | 20 |
| Inventories | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Equivalents | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Others Assetsⓘ | 7 | 5 | 4 | 5 | 5 | 7 | 8 | 6 | 6 | 4 |
| Total Assets ⓘ | 17 | 18 | 20 | 22 | 22 | 19 | 19 | 18 | 19 | 30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 2 | 1 | 0 | -1 | -3 | -1 | 2 | 0 | 1 |
| PBT ⓘ | 0 | 1 | 1 | 1 | 1 | -2 | -1 | -1 | 0 | 5 |
| Adjustment ⓘ | 0 | 0 | 0 | -1 | -1 | 2 | 1 | 0 | 0 | -5 |
| Changes in Working Capital ⓘ | -0 | 1 | 0 | -1 | -1 | -3 | -0 | 2 | -0 | 2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -1 | 0 | 2 | 3 | 0 | -1 | 0 | -7 |
| Capex | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Net Investments | 1 | 0 | -2 | -2 | 1 | 2 | 0 | -2 | 1 | -7 |
| Others ⓘ | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.51 | 7.14 | 5.75 | 6.1 | 3.51 | -10.76 | -3.96 | -3.28 | 0.56 | 20.66 |
| ROCE (%) | 2.71 | 7.33 | 6.93 | 6.62 | 3.57 | -10.63 | -3.87 | -3.26 | 0.58 | 21.59 |
| Asset Turnover Ratio | 0.36 | 0.46 | 0.45 | 0.42 | 0.37 | 0.36 | 0.45 | 0.44 | 0.45 | 0.34 |
| PAT to CFO Conversion(x) | N/A | 2 | 1 | 0 | -1 | N/A | N/A | N/A | N/A | 0.2 | Working Capital Days |
| Receivable Days | 2 | 0 | 0 | 3 | 4 | 5 | 3 | 0 | 0 | 7 |
| Inventory Days | 41 | 36 | 27 | 24 | 29 | 46 | 51 | 50 | 48 | 53 |
| Payable Days | -237 | 594 | 1,143 | -3,725 | -3,507 | -442 | 0 | 1,575 | -2,621 | -1,356 |
Ace Software Exports was incorporated in the year 1994. The company has been active in catering to the outsourcing needs of publishers and other organizations since its inception. Over the years, it has adopted a seamless partnership approach.
The client organizations are always comfortable in dealing with Ace and work as true partners; often with the feeling that this is a virtual extension of their own operations. The company believes that this integration is the cornerstone of the success of any outsourcing relationship.
Ace started with only 10 professionals and today has grown to a very substantive size of 300. This growth has been made possible by robust systems and processes that lead to reliable output. It has expertise in workflow management, and in developing processes that lead to desired quality levels and achieve the lowest cost of production.
The company provides Document Management, e-Publishing and Data Conversion solutions using optimal process engineering, cost-effective and flexible conversion systems.
Today, Ace is a major full-service digital content provider from India and is able to deliver digital content with 99.995% accuracy and 100% application based integrity.
The company has the ability to learn and scale in very short order. Large multi-million page contracts have been executed on time after achieving steep ramp-up requirements. The internal systems ensure that clients get a real time status check of their projects.
Ace has always been a profitable and growth oriented organization, leading to its longevity and prides itself as an organization that clients have learnt to trust.
Its service offerings in Electronic Content Management include:
The company can deliver digital content in any format including:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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