Accedere Ltd
Incorporated in 1983, Accedere Limited (formerly e.com Infotech Ltd) is a Cybersecurity and Technology Assurance company.
- Market Cap ₹ 34.4 Cr.
- Current Price ₹ 68.4
- High / Low ₹ 104 / 64.1
- Stock P/E 344
- Book Value ₹ 8.26
- Dividend Yield 0.00 %
- ROCE -1.57 %
- ROE -1.71 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 217 to 52.8 days.
Cons
- Stock is trading at 8.29 times its book value
- Company has a low return on equity of -0.97% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 1.53 | 0.77 | 0.57 | 0.85 | 1.53 | 2.56 | 3.55 | |
| 1.48 | 0.72 | 0.47 | 0.80 | 1.55 | 2.57 | 3.32 | |
| Operating Profit | 0.05 | 0.05 | 0.10 | 0.05 | -0.02 | -0.01 | 0.23 |
| OPM % | 3.27% | 6.49% | 17.54% | 5.88% | -1.31% | -0.39% | 6.48% |
| 0.05 | 0.02 | 0.03 | 0.05 | 0.11 | 0.15 | 0.16 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Depreciation | 0.06 | 0.11 | 0.12 | 0.15 | 0.19 | 0.21 | 0.18 |
| Profit before tax | 0.04 | -0.04 | 0.01 | -0.05 | -0.10 | -0.08 | 0.21 |
| Tax % | 25.00% | -25.00% | -100.00% | 0.00% | -20.00% | 25.00% | |
| 0.03 | -0.03 | 0.02 | -0.05 | -0.08 | -0.09 | 0.08 | |
| EPS in Rs | 0.06 | -0.06 | 0.04 | -0.04 | -0.06 | -0.14 | 0.10 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 65% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 229% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 75% |
| 3 Years: | 21% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -1% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.49 | 4.49 |
| Reserves | -0.57 | -0.60 | -0.59 | -0.61 | -0.64 | -0.44 | -0.34 |
| 0.05 | 0.01 | 0.05 | 0.01 | 0.25 | 0.27 | 0.16 | |
| 0.45 | 0.46 | 0.47 | 0.25 | 0.35 | 0.35 | 0.78 | |
| Total Liabilities | 4.69 | 4.63 | 4.69 | 4.41 | 4.72 | 4.67 | 5.09 |
| 0.30 | 0.33 | 0.30 | 0.47 | 0.54 | 0.47 | 0.43 | |
| CWIP | 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 | 0.04 | 0.05 |
| 4.39 | 4.30 | 4.39 | 3.94 | 4.18 | 4.16 | 4.61 | |
| Total Assets | 4.69 | 4.63 | 4.69 | 4.41 | 4.72 | 4.67 | 5.09 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 0.77 | 0.30 | 0.67 | 0.52 | 0.50 | 0.22 | |
| -0.35 | -0.14 | -0.09 | -0.32 | -0.20 | -0.03 | |
| 0.01 | 0.01 | 0.03 | 0.11 | 0.24 | 0.02 | |
| Net Cash Flow | 0.42 | 0.17 | 0.61 | 0.31 | 0.53 | 0.21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 691.83 | 1,251.43 | 1,338.33 | 498.12 | 100.20 | 52.75 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 691.83 | 1,251.43 | 1,338.33 | 498.12 | 100.20 | 52.75 |
| Working Capital Days | 636.96 | 1,156.62 | 1,216.67 | 631.24 | 233.79 | 158.26 |
| ROCE % | -0.95% | 0.24% | -1.16% | -2.27% | -1.57% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
1d - Accedere confirms non-applicability of SEBI circular on large corporate debt issuance.
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Update on board meeting
23 Apr - Board meeting on May 15, 2025, to approve audited financial results for FY 2024-25.
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Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015
15 Apr - Board meeting to consider Q4 and FY25 financial results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Regulation 74(5) for Q1 2025.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Incorporation Of An Overseas Wholly Owned Subsidiary.
8 Apr - Incorporation of Accedere Tech Inc in the US.
Annual reports
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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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Financial Year 2010
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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.