Ace Integrated Solutions Ltd

Ace Integrated Solutions Ltd

₹ 33.2 -0.30%
28 May - close price
About

Incorporated in 1997, Ace Integrated Solutions Ltd provides integrated end to end solutions for human resource department of client organizations

Key Points

Business Overview:[1]
Company deals in contract business of manpower recruitment for Govt./ Semi Govt. organization by processing online/offline application, conduction of examination, and processing of examination results

  • Market Cap 33.9 Cr.
  • Current Price 33.2
  • High / Low 55.5 / 29.6
  • Stock P/E
  • Book Value 17.9
  • Dividend Yield 0.00 %
  • ROCE 3.88 %
  • ROE 2.80 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -20.8% over past five years.
  • Company has a low return on equity of 3.12% over last 3 years.
  • Company has high debtors of 303 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
5.87 1.18 5.01 0.99 2.47 1.25 2.21 1.57 1.88 2.37
4.84 1.25 3.15 1.22 2.04 1.16 1.83 1.64 2.10 2.51
Operating Profit 1.03 -0.07 1.86 -0.23 0.43 0.09 0.38 -0.07 -0.22 -0.14
OPM % 17.55% -5.93% 37.13% -23.23% 17.41% 7.20% 17.19% -4.46% -11.70% -5.91%
0.07 0.10 0.11 0.06 0.07 0.01 0.06 0.00 0.05 0.03
Interest 0.11 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00
Depreciation 0.13 0.05 0.05 0.04 0.04 0.03 0.04 0.03 0.03 0.04
Profit before tax 0.86 -0.03 1.91 -0.22 0.45 0.06 0.39 -0.11 -0.20 -0.15
Tax % 44.19% 0.00% 25.13% 0.00% 11.11% 16.67% 38.46% 127.27% 5.00% -6.67%
0.48 -0.03 1.43 -0.22 0.40 0.05 0.24 0.03 -0.19 -0.16
EPS in Rs 0.64 -0.03 1.40 -0.22 0.39 0.05 0.24 0.03 -0.19 -0.16
Raw PDF

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
4.02 9.47 14.10 15.16 20.97 18.86 22.15 5.05 11.45 6.64 8.74 6.91 8.03
3.56 8.36 13.00 13.04 17.81 15.83 19.64 4.14 9.90 6.11 7.32 6.20 8.08
Operating Profit 0.46 1.11 1.10 2.12 3.16 3.03 2.51 0.91 1.55 0.53 1.42 0.71 -0.05
OPM % 11.44% 11.72% 7.80% 13.98% 15.07% 16.07% 11.33% 18.02% 13.54% 7.98% 16.25% 10.27% -0.62%
0.06 0.03 0.65 0.08 0.09 0.23 0.43 0.39 0.44 0.16 0.27 0.14 0.14
Interest 0.04 0.05 0.08 0.06 0.42 0.46 0.29 0.22 0.17 0.08 0.04 0.02 0.02
Depreciation 0.12 0.11 0.16 0.44 0.63 0.62 0.39 0.48 0.47 0.47 0.18 0.16 0.14
Profit before tax 0.36 0.98 1.51 1.70 2.20 2.18 2.26 0.60 1.35 0.14 1.47 0.67 -0.07
Tax % 33.33% 30.61% 21.19% 37.65% 32.73% 41.74% 27.43% 40.00% 25.93% 0.00% 32.65% 29.85%
0.25 0.67 1.19 1.06 1.47 1.27 1.63 0.36 1.00 0.14 0.99 0.47 -0.08
EPS in Rs 3.87 1.69 1.60 0.35 0.98 0.14 0.97 0.46 -0.08
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 1.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -3%
5 Years: -21%
3 Years: -15%
TTM: -17%
Compounded Profit Growth
10 Years: -3%
5 Years: -21%
3 Years: -20%
TTM: -105%
Stock Price CAGR
10 Years: %
5 Years: 11%
3 Years: 51%
1 Year: -18%
Return on Equity
10 Years: 9%
5 Years: 4%
3 Years: 3%
Last Year: 3%

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 0.01 0.01 0.01 0.01 2.50 5.00 6.80 6.80 6.80 6.80 10.20 10.20 10.20
Reserves 1.21 1.89 3.07 4.04 2.81 1.58 8.61 8.97 9.97 10.11 7.76 8.25 8.10
0.33 1.38 0.22 2.60 6.20 8.07 2.18 1.10 0.98 0.42 2.03 0.25 0.22
1.53 3.13 5.07 3.19 9.05 6.88 6.90 3.62 2.97 2.59 2.46 1.85 1.38
Total Liabilities 3.08 6.41 8.37 9.84 20.56 21.53 24.49 20.49 20.72 19.92 22.45 20.55 19.90
0.69 0.78 1.92 1.71 2.68 2.21 2.86 2.54 2.11 2.17 2.43 2.00 2.03
CWIP 0.00 0.43 0.74 0.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.04 0.40 0.11 0.03 0.03 0.54 0.54 3.58 1.74 0.72 0.63 0.65 0.66
2.35 4.80 5.60 7.31 17.85 18.78 21.09 14.37 16.87 17.03 19.39 17.90 17.21
Total Assets 3.08 6.41 8.37 9.84 20.56 21.53 24.49 20.49 20.72 19.92 22.45 20.55 19.90

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
0.50 -0.04 3.37 -0.55 -1.27 5.64 -5.32 2.43 -0.82 1.85 0.38 0.77
-0.43 -0.99 -1.29 -0.22 -0.76 -3.21 -2.16 -3.82 0.75 -1.61 -0.30 0.28
-0.07 1.02 -1.34 2.42 2.34 -0.88 6.60 -0.37 -0.20 -0.69 1.57 -1.80
Net Cash Flow 0.00 -0.01 0.74 1.65 0.31 1.55 -0.89 -1.76 -0.28 -0.44 1.65 -0.75

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 105.32 88.65 56.69 65.97 198.77 119.99 141.06 294.17 246.41 366.65 254.75 302.67
Inventory Days 0.00 121.67
Days Payable 410.27
Cash Conversion Cycle 105.32 88.65 56.69 65.97 198.77 119.99 141.06 294.17 246.41 366.65 254.75 14.07
Working Capital Days -12.71 -13.88 -67.82 17.09 87.20 74.90 91.13 216.83 215.17 356.75 388.39 540.90
ROCE % 27.78% 42.65% 48.33% 35.38% 28.85% 20.18% 15.82% 4.76% 8.72% 1.25% 8.09% 3.88%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Sep 2021Oct 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.52% 73.52% 73.52% 73.52% 73.52% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53%
26.47% 26.47% 26.47% 26.48% 26.47% 26.47% 26.47% 26.47% 26.47% 26.47% 26.47% 26.47%
No. of Shareholders 1111121121151121114688528489371,9952,336

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