Ace Software Exports Ltd
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.
- Market Cap ₹ 455 Cr.
- Current Price ₹ 357
- High / Low ₹ 379 / 204
- Stock P/E 183
- Book Value ₹ 61.0
- Dividend Yield 0.00 %
- ROCE 5.84 %
- ROE 4.27 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company's working capital requirements have reduced from 181 days to 117 days
Cons
- Stock is trading at 5.85 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.48% over past five years.
- Company has a low return on equity of 2.61% over last 3 years.
- Earnings include an other income of Rs.2.51 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
Information Technology Information Technology IT - Software Software Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.70 | 5.92 | 8.05 | 8.43 | 8.71 | 8.00 | 7.35 | 8.40 | 8.07 | 8.20 | 8.21 | 11.56 | 12.39 | |
| 4.70 | 5.60 | 7.30 | 7.53 | 8.26 | 8.45 | 10.15 | 9.32 | 9.20 | 8.21 | 8.72 | 10.05 | 11.28 | |
| Operating Profit | 0.00 | 0.32 | 0.75 | 0.90 | 0.45 | -0.45 | -2.80 | -0.92 | -1.13 | -0.01 | -0.51 | 1.51 | 1.11 |
| OPM % | 0.00% | 5.41% | 9.32% | 10.68% | 5.17% | -5.62% | -38.10% | -10.95% | -14.00% | -0.12% | -6.21% | 13.06% | 8.96% |
| 0.84 | 0.71 | 0.71 | 0.71 | 1.12 | 1.43 | 0.98 | 0.42 | 0.74 | 0.35 | 5.69 | 1.95 | 2.51 | |
| Interest | 0.02 | 0.03 | 0.02 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.14 | 0.15 |
| Depreciation | 0.21 | 0.62 | 0.27 | 0.31 | 0.28 | 0.24 | 0.22 | 0.18 | 0.19 | 0.24 | 0.31 | 0.29 | 0.28 |
| Profit before tax | 0.61 | 0.38 | 1.17 | 1.23 | 1.28 | 0.73 | -2.05 | -0.69 | -0.58 | 0.10 | 4.86 | 3.03 | 3.19 |
| Tax % | 0.00% | 0.00% | 0.85% | 16.26% | 6.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.12% | 23.10% | |
| 0.61 | 0.39 | 1.15 | 1.03 | 1.20 | 0.72 | -2.05 | -0.69 | -0.58 | 0.10 | 4.66 | 2.33 | 2.49 | |
| EPS in Rs | 0.65 | 0.41 | 1.22 | 1.10 | 1.28 | 0.77 | -2.18 | -0.73 | -0.62 | 0.11 | 3.64 | 1.82 | 1.95 |
| 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: | 7% |
| 5 Years: | 9% |
| 3 Years: | 13% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 24% |
| 3 Years: | 62% |
| TTM: | -54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 112% |
| 3 Years: | 207% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 1% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 6.40 | 12.69 |
| Reserves | 10.52 | 10.90 | 12.06 | 14.39 | 15.43 | 16.01 | 12.76 | 12.98 | 12.81 | 13.06 | 20.96 | 65.37 |
| 0.05 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.27 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.55 | 1.25 | 0.92 | 0.91 | 1.61 | 1.14 | 1.24 | 1.15 | 1.05 | 0.99 | 2.10 | 1.07 | |
| Total Liabilities | 15.80 | 16.83 | 17.71 | 19.98 | 21.72 | 21.83 | 18.95 | 18.82 | 18.54 | 18.73 | 29.46 | 79.13 |
| 1.99 | 1.85 | 3.95 | 4.50 | 4.30 | 3.75 | 3.55 | 3.64 | 3.43 | 4.17 | 3.25 | 2.99 | |
| 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 | 7.01 | 6.01 | 6.64 | 9.21 | 10.67 | 10.41 | 5.62 | 5.51 | 7.38 | 6.74 | 19.52 | 46.38 |
| 6.80 | 8.97 | 7.12 | 6.27 | 6.75 | 7.67 | 9.78 | 9.67 | 7.73 | 7.82 | 6.69 | 29.76 | |
| Total Assets | 15.80 | 16.83 | 17.71 | 19.98 | 21.72 | 21.83 | 18.95 | 18.82 | 18.54 | 18.73 | 29.46 | 79.13 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -0.01 | 1.67 | 1.14 | -0.07 | -0.95 | -3.20 | -0.60 | 1.56 | 0.03 | 0.75 | 1.66 | |
| -0.23 | 0.35 | -1.43 | -1.02 | -0.42 | 1.59 | 2.62 | 0.39 | -1.48 | -0.09 | -6.62 | -26.02 | |
| -0.13 | -0.07 | 0.04 | -0.06 | -0.01 | 0.00 | 0.26 | -0.27 | -0.01 | 0.00 | 6.01 | 48.41 | |
| Net Cash Flow | -0.38 | 0.28 | 0.27 | 0.07 | -0.50 | 0.64 | -0.32 | -0.48 | 0.07 | -0.06 | 0.15 | 24.06 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 1.85 | 0.00 | 0.00 | 2.51 | 4.56 | 4.97 | 0.43 | 0.45 | 0.45 | 14.67 | 30.31 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 1.85 | 0.00 | 0.00 | 2.51 | 4.56 | 4.97 | 0.43 | 0.45 | 0.45 | 14.67 | 30.31 |
| Working Capital Days | 170.85 | 151.06 | 85.24 | 57.15 | 65.79 | 130.94 | 252.77 | 231.17 | 259.62 | 263.51 | 162.72 | 117.14 |
| ROCE % | 3.40% | 1.36% | 6.05% | 7.08% | 6.58% | 0.39% | -12.86% | -3.84% | -5.75% | 0.57% | -1.73% | 5.84% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) Regulation - Change In The Corporate Identification Number (CIN) Of The Company
27 Oct - Board approved Aug 13, 2025; members Oct 03; CIN changed to L62011GJ1994PLC022781.
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
16 Oct - Registered office moved Rajkot to Ahmedabad; MCA records updated; phone changed to +91 90230 38718.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Oct
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 3 Oct
- Closure of Trading Window 30 Sep
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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