Accedere Ltd
Incorporated in 1983, Accedere Limited (formerly e.com Infotech Ltd) is a Cybersecurity and Technology Assurance company.
- Market Cap ₹ 39.5 Cr.
- Current Price ₹ 78.6
- High / Low ₹ 96.5 / 49.4
- Stock P/E 359
- Book Value ₹ 8.31
- Dividend Yield 0.00 %
- ROCE 0.24 %
- ROE 0.72 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 659 to 105 days.
- Promoter holding has increased by 8.74% over last quarter.
- Company's working capital requirements have reduced from 594 days to 80.0 days
Cons
- Stock is trading at 9.45 times its book value
- Company has a low return on equity of 0.48% over last 3 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.44 | 0.16 | 0.05 | 0.11 | 0.07 | 0.05 | 0.65 | 1.53 | 0.77 | 0.55 | 0.85 | 1.46 | 2.26 | |
0.43 | 0.16 | 0.05 | 0.11 | 0.07 | 0.24 | 0.63 | 1.48 | 0.72 | 0.46 | 0.75 | 1.40 | 2.06 | |
Operating Profit | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -0.19 | 0.02 | 0.05 | 0.05 | 0.09 | 0.10 | 0.06 | 0.20 |
OPM % | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | -380.00% | 3.08% | 3.27% | 6.49% | 16.36% | 11.76% | 4.11% | 8.85% |
-0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.02 | 0.03 | 0.05 | 0.11 | 0.01 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.11 | 0.12 | 0.15 | 0.16 | 0.16 |
Profit before tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.19 | 0.02 | 0.04 | -0.04 | 0.00 | 0.00 | 0.01 | 0.05 |
Tax % | 0.00% | 0.00% | 25.00% | 25.00% | -100.00% | ||||||||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.19 | 0.02 | 0.03 | -0.03 | 0.02 | 0.01 | 0.03 | 0.07 | |
EPS in Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.38 | 0.04 | 0.06 | -0.06 | 0.04 | 0.02 | 0.06 | 0.14 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 18% |
3 Years: | 24% |
TTM: | 81% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 44% |
TTM: | 83% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | % |
3 Years: | 101% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 0% |
3 Years: | 0% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.03 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 |
Reserves | -0.44 | -0.44 | -0.44 | -0.44 | -0.44 | -0.62 | -0.61 | -0.57 | -0.60 | -0.59 | -0.58 | -0.55 | -0.58 |
0.00 | 0.00 | 0.03 | 0.05 | 0.06 | 0.11 | 0.04 | 0.05 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | |
0.05 | 0.09 | 0.12 | 0.12 | 0.11 | 0.06 | 0.23 | 0.45 | 0.42 | 0.42 | 0.08 | 0.22 | 0.18 | |
Total Liabilities | 4.64 | 4.41 | 4.47 | 4.49 | 4.49 | 4.31 | 4.42 | 4.69 | 4.59 | 4.59 | 4.27 | 4.43 | 4.36 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.30 | 0.33 | 0.27 | 0.41 | 0.36 | 0.34 | |
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 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.05 | 0.20 | 0.20 | 0.20 |
4.64 | 4.41 | 4.47 | 4.49 | 4.49 | 4.31 | 4.41 | 4.39 | 4.21 | 4.27 | 3.66 | 3.87 | 3.82 | |
Total Assets | 4.64 | 4.41 | 4.47 | 4.49 | 4.49 | 4.31 | 4.42 | 4.69 | 4.59 | 4.59 | 4.27 | 4.43 | 4.36 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.02 | -0.01 | -0.01 | 0.01 | -0.01 | 0.01 | 0.17 | 0.77 | 0.31 | 0.77 | 0.72 | 1.00 | |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.35 | -0.19 | -0.05 | -0.44 | -0.45 | |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.07 | 0.01 | -0.04 | -0.01 | 0.01 | -0.01 | |
Net Cash Flow | 0.02 | -0.01 | -0.01 | 0.01 | -0.01 | 0.01 | 0.09 | 0.42 | 0.07 | 0.71 | 0.29 | 0.54 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3,044.43 | 8,349.38 | 27,302.00 | 12,410.00 | 19,501.43 | 25,915.00 | 1,965.38 | 691.83 | 1,251.43 | 1,373.73 | 498.12 | 105.00 |
Inventory Days | 0.00 | 0.00 | ||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 3,044.43 | 8,349.38 | 27,302.00 | 12,410.00 | 19,501.43 | 25,915.00 | 1,965.38 | 691.83 | 1,251.43 | 1,373.73 | 498.12 | 105.00 |
Working Capital Days | 3,791.02 | 8,166.88 | 26,353.00 | 12,045.00 | 19,032.14 | 25,623.00 | 1,881.15 | 636.96 | 1,151.88 | 1,181.27 | 519.59 | 80.00 |
ROCE % | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | -4.40% | 0.47% | 0.95% | -0.95% | 0.00% | 0.00% | 0.24% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 May
- Board Meeting Intimation for Regulation 29 Of The SEBI (LODR) Regulations, 2015 6 May
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr
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Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
17 Apr - Certificate from the PCS for the period 1st April 2023 to 31st March 2024.
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
With its offices in USA, UAE and India, Accedere is a CPA Firm specializing in Cybersecurity with a major focus on AICPA SSAE 18 Attestation (formerly SSAE 16), SOC 1, SOC 2 Type 2 and SOC 3 Compliance Reports, ISO/IEC 27xxx Audits, Cloud Security, Privacy Compliance (HIPAA, GDPR, CCPA, etc.) and Data Security Audit Services. Company is an ISO/IEC Certification Body, SOX, Privacy, SSAE 18, SOC Auditors (Service Auditors) registered with PCAOB, and Cloud Security Alliance as Auditors for their STAR program.