Ace Software Exports Ltd - Stock Valuation and Financial Performance

BSE: 531525 | NSE: | IT - Software | Small Cap

Ace Software Exp Share Price

91.22 -1.83 -1.97%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ace Software Exp

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Ace Software Exports stock performance -

mw4me loader
P/E Ratio (SA):
17.70
Market Cap:
58.4 Cr.
52-wk low:
15.4
52-wk high:
113.8

Is Ace Software Exports Ltd an attractive stock to invest in?

1. Is Ace Software Exports Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ace Software Exports Ltd is a below average quality company.

2. Is Ace Software Exports Ltd undervalued or overvalued?

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.

3. Is Ace Software Exports Ltd a good buy now?

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.

10 Year X-Ray of Ace Software Exp:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ace Software Exports Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.2%1.7%6.2%5.6%5.4%0.2%-3.9%-1.3%-2.9%0.8%-
Value Creation
Index
-0.8-0.9-0.6-0.6-0.6-1.0-1.3-1.1-1.2-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4.75.98.18.48.787.48.48.18.28
Sales YoY Gr.-26%36%4.7%3.3%-8.2%-8.1%14.3%-3.9%1.6%-
Adj EPS 10.52.12.12.20.1-1.6-0.5-1.10.35.2
YoY Gr.--49.5%317.7%0%5.2%-95.5%-1700%NANANA-
BVPS (₹) 32.533.335.840.84344.237.337.737.437.943.6
Adj Net
Profit
0.50.2111.10.1-0.8-0.2-0.50.13
Cash Flow from Ops. 001.71.1-0.1-1-3.2-0.61.60-
Debt/CF from Ops. -200000-0.1-000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%-1.2%3.7%1.6%
Adj EPS -12.6%-33.1%NANA
BVPS1.7%-2.5%0.6%1.5%
Share Price 28.3% 30.5% 96.2% 452.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.21.66.25.65.30.2-3.9-1.3-2.90.812.6
Op. Profit
Mgn %
0.15.59.3105.2-5.5-6.9-3.1-7.50.7-9
Net Profit
Mgn %
10.14.112.411.8120.6-10.2-2.8-6.41.741.7
Debt to
Equity
0000000000-
Working Cap
Days
456468343261248298391402381333146
Cash Conv.
Cycle
14231773723252524122

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.60%

Sales growth has been subdued in last 3 years 3.72%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -2.43%

Latest Financials - Ace Software Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 5.2 5.2
TTM Sales (₹ Cr.) 7.9 7.9
BVPS (₹.) 43.6 47.3
Reserves (₹ Cr.) 22 24
P/BV 2.09 1.93
PE 17.70 17.63
From the Market
52 Week Low / High (₹) 15.35 / 113.77
All Time Low / High (₹) 4.00 / 113.77
Market Cap (₹ Cr.) 58.4
Equity (₹ Cr.) 6.4
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Ace Software Exp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ace Software Exp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4.705.928.058.438.7187.358.408.078.20
Operating Expenses 4.695.597.307.598.258.4510.159.399.198.20
Manufacturing Costs3.063.604.154.344.734.925.075.245.154.84
Material Costs-0.26-0.510.230.13-0.05-0.06-0.51-0.010.14-0.07
Employee Cost 1.5022.262.452.752.682.752.722.842.79
Other Costs 0.390.510.670.670.820.912.841.441.060.65
Operating Profit 00.320.750.850.46-0.46-2.80-1-1.120
Operating Profit Margin (%) 0.1%5.5%9.3%10.0%5.2%-5.7%-38.1%-11.9%-13.9%0.0%
Other Income 0.840.710.710.711.121.430.980.500.740.35
Interest 0.020.030.020.010.010.010.010.0100
Depreciation 0.210.620.270.310.280.240.220.180.190.24
Exceptional Items 0000000000
Profit Before Tax 0.610.391.171.231.280.72-2.05-0.69-0.580.10
Tax 000.010.200.090.010000
Profit After Tax 0.610.391.151.031.200.72-2.05-0.69-0.580.10
PAT Margin (%) 13.0%6.5%14.3%12.2%13.7%9.0%-27.9%-8.3%-7.1%1.2%
Adjusted EPS (₹)1.30.82.52.22.61.5-4.4-1.5-1.20.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 15.2015.5816.7419.0720.1120.6917.4417.6617.4917.74
Share Capital 4.684.684.684.684.684.684.684.684.684.68
Reserves 10.5210.9012.0614.3915.4316.0112.7612.9812.8113.06
Minority Interest0000000000
Debt0.0500.050000.270.0100
Long Term Debt0000000000
Short Term Debt0.0500.050000.270.0100
Trade Payables0.300.360.390.410.570.570.660.630.540.52
Others Liabilities 0.250.920.650.330.870.370.360.300.280.25
Total Liabilities 15.8016.8617.8319.8121.5521.6318.7318.5918.3118.50

Fixed Assets

Gross Block6.947.429.799.919.999.579.589.829.7110.68
Accumulated Depreciation4.244.865.135.395.675.816.036.196.296.53
Net Fixed Assets2.702.564.664.524.323.763.553.633.424.15
CWIP 0000000000
Investments 7.016.016.649.9011.3611.116.335.517.386.74
Inventories0.410.920.690.560.610.671.181.181.051.12
Trade Receivables00.03000.060.100.100.010.010.01
Cash Equivalents 0.120.520.600.670.170.810.500.020.090.03
Others Assets5.576.825.244.155.035.187.088.246.386.46
Total Assets 15.8016.8617.8319.8121.5521.6318.7318.5918.3118.50

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.03-0.011.671.14-0.07-0.95-3.20-0.601.560.03
PBT 0.610.391.171.231.280.72-2.05-0.69-0.580.10
Adjustment -0.470-0.34-0.32-0.60-0.931.730.560.080.14
Changes in Working Capital -0.13-0.340.970.46-0.72-0.69-2.94-0.432.1-0.24
Tax Paid -0.04-0.05-0.13-0.23-0.03-0.050.06-0.03-0.040.03
Cash Flow From Investing Activity -0.230.35-1.43-1.02-0.421.592.620.39-1.48-0.09
Capex -1.59-1.29-1.430.300.310.31-0.03-0.200.25-0.98
Net Investments 0.791.19-0.42-1.91-1.580.922.300.28-1.970.62
Others 0.570.450.420.590.850.360.350.310.240.27
Cash Flow From Financing Activity -0.13-0.070.04-0.06-0.0100.26-0.27-0.010
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.01-0.02-0.01-0.01-0.010-0.01-0.0100
Dividend Paid 0000000000
Others -0.11-0.050.05-0.05000.27-0.26-0.010
Net Cash Flow -0.390.280.270.07-0.500.64-0.32-0.480.07-0.06
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.092.517.145.756.13.51-10.76-3.96-3.280.56
ROCE (%)4.172.717.336.936.623.57-10.63-3.87-3.260.58
Asset Turnover Ratio0.30.360.460.450.420.370.360.450.440.45
PAT to CFO Conversion(x)-0.05-0.031.451.11-0.06-1.32N/AN/AN/A0.3
Working Capital Days
Receivable Days0200345300
Inventory Days22413627242946515048
Payable Days-352-2375941,143-3,725-3,507-44201,575-2,620

Ace Software Exports Ltd Stock News

Ace Software Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ace Software Exp on 28-Mar-2024 16:01 is ₹91.22.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ace Software Exp stood at ₹58.38.
The latest P/E ratio of Ace Software Exp as of 28-Mar-2024 16:01 is 17.70.
The latest P/B ratio of Ace Software Exp as of 28-Mar-2024 16:01 is 2.09.
The 52-week high of Ace Software Exp is ₹113.8 and the 52-week low is ₹15.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ace Software Exp is ₹7.91 ( Cr.) .

About Ace Software Exports Ltd

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:

  • Document Management
  • Indexing and Abstracting
  • Meta Data Creation
  • Pre Press Services
  • Electronic to Electronic Conversion
  • Imaging/Scanning and Digital Editing
  • OCR and OCR Clean-up
  • Data Capture with 99.995% Accuracy in English, French, Dutch and German Languages

The company can deliver digital content in any format including:

  • XML
  • SGML
  • HTML
  • PDF
  • ASCII
  • Palm e-Book
  • Open e-Book
  • Microsoft Reader
  • Adobe Acrobat e-Book Reader
  • Images (such as Tiff, JPG)
  • Proprietary Formats
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