Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.98 | 2.09 | 17.75 | 5.31 | 5.85 | 6.81 | 13.68 | 13.25 | 14.01 | 14.89 | 14.67 | 14.29 |
| Expenses | 2.06 | 2.24 | 16.68 | 4.28 | 4.42 | 5.29 | 11.31 | 11.72 | 12.10 | 13.14 | 13.73 | 12.94 |
| Operating Profit | -0.08 | -0.15 | 1.07 | 1.03 | 1.43 | 1.52 | 2.37 | 1.53 | 1.91 | 1.75 | 0.94 | 1.35 |
| OPM % | -4.04% | -7.18% | 6.03% | 19.40% | 24.44% | 22.32% | 17.32% | 11.55% | 13.63% | 11.75% | 6.41% | 9.45% |
| Other Income | 1.14 | 3.03 | 1.79 | 0.29 | 0.18 | 0.60 | 0.81 | 0.31 | 0.40 | 0.59 | 1.28 | 0.61 |
| Interest | 0.00 | 0.00 | 0.13 | 0.07 | 0.15 | 0.18 | 0.18 | 0.18 | 0.25 | 0.28 | 0.36 | 0.38 |
| Depreciation | 0.08 | 0.08 | 0.47 | 0.14 | 0.14 | 0.14 | 0.75 | 0.45 | 0.23 | 0.32 | 0.67 | 0.40 |
| Profit before tax | 0.98 | 2.80 | 2.26 | 1.11 | 1.32 | 1.80 | 2.25 | 1.21 | 1.83 | 1.74 | 1.19 | 1.18 |
| Tax % | 0.00% | 0.00% | 19.47% | 0.00% | 0.00% | 0.00% | 39.56% | 0.00% | 0.00% | 0.00% | 129.41% | 0.00% |
| Net Profit | 0.98 | 2.81 | 1.82 | 1.11 | 1.33 | 1.80 | 1.37 | 1.22 | 1.83 | 1.74 | -0.34 | 1.19 |
| EPS in Rs | 0.73 | 2.10 | 0.78 | 0.40 | 0.48 | 0.68 | 1.25 | 0.69 | 1.00 | 0.95 | -0.24 | 0.63 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.05 | 8.43 | 8.71 | 8.00 | 9.14 | 8.85 | 9.78 | 10.32 | 23.72 | 31.55 | 56.81 | 57.86 |
| Expenses | 7.33 | 7.57 | 8.23 | 9.16 | 12.11 | 9.58 | 10.61 | 9.88 | 23.08 | 25.11 | 50.51 | 51.91 |
| Operating Profit | 0.72 | 0.86 | 0.48 | -1.16 | -2.97 | -0.73 | -0.83 | 0.44 | 0.64 | 6.44 | 6.30 | 5.95 |
| OPM % | 8.94% | 10.20% | 5.51% | -14.50% | -32.49% | -8.25% | -8.49% | 4.26% | 2.70% | 20.41% | 11.09% | 10.28% |
| Other Income | 0.84 | 0.83 | 1.03 | 1.26 | 1.02 | 0.57 | 0.81 | 0.37 | 6.04 | 1.88 | 2.59 | 2.88 |
| Interest | 0.02 | 0.07 | 0.06 | 0.01 | 0.10 | 0.11 | 0.15 | 0.11 | 0.19 | 0.66 | 1.24 | 1.27 |
| Depreciation | 0.34 | 0.38 | 0.32 | 0.24 | 0.67 | 0.64 | 0.64 | 0.58 | 0.70 | 1.18 | 1.67 | 1.62 |
| Profit before tax | 1.20 | 1.24 | 1.13 | -0.15 | -2.72 | -0.91 | -0.81 | 0.12 | 5.79 | 6.48 | 5.98 | 5.94 |
| Tax % | 1.67% | 16.13% | 7.96% | 6.67% | 0.00% | 5.49% | 0.00% | 8.33% | 7.60% | 13.73% | 25.75% | |
| Net Profit | 1.18 | 1.04 | 1.03 | -0.16 | -2.72 | -0.95 | -0.81 | 0.12 | 5.35 | 5.60 | 4.45 | 4.42 |
| EPS in Rs | 0.88 | 0.78 | 0.77 | 0.03 | -1.28 | -0.46 | -0.40 | 0.11 | 2.72 | 2.80 | 2.40 | 2.34 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 22% | 45% | 77% | 46% | ||
| Compounded Profit Growth | 15% | 53% | 180% | -24% | ||
| Stock Price CAGR | 41% | 96% | 153% | -22% | ||
| Return on Equity | 2% | 4% | 5% | 4% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 6.40 | 12.69 | 15.23 |
| Reserves | 13.29 | 14.47 | 16.84 | 17.70 | 17.60 | 14.65 | 14.98 | 14.88 | 15.28 | 23.68 | 75.83 | 105.01 |
| Borrowings | 0.00 | 0.05 | 0.00 | 0.00 | 0.35 | 1.72 | 1.91 | 1.77 | 0.00 | 1.90 | 5.73 | 14.80 |
| Other Liabilities | 1.32 | 1.08 | 0.98 | 1.67 | 3.73 | 3.11 | 2.49 | 1.98 | 1.10 | 7.55 | 10.58 | 14.23 |
| Total Liabilities | 19.29 | 20.28 | 22.50 | 24.05 | 26.36 | 24.16 | 24.06 | 23.31 | 21.06 | 39.53 | 104.83 | 149.27 |
| Fixed Assets | 2.01 | 4.05 | 4.53 | 4.30 | 8.92 | 9.05 | 9.00 | 8.35 | 4.52 | 10.30 | 35.11 | 57.57 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.92 | 24.13 |
| Investments | 4.02 | 5.03 | 7.89 | 8.68 | 5.46 | 1.71 | 2.53 | 6.53 | 7.46 | 12.58 | 3.38 | 2.57 |
| Other Assets | 13.26 | 11.20 | 10.08 | 11.07 | 11.98 | 13.40 | 12.53 | 8.43 | 9.08 | 16.65 | 62.42 | 65.00 |
| Total Assets | 19.29 | 20.28 | 22.50 | 24.05 | 26.36 | 24.16 | 24.06 | 23.31 | 21.06 | 39.53 | 104.83 | 149.27 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.05 | 3.29 | 1.11 | -0.86 | -1.22 | -4.05 | -0.21 | 2.58 | -0.78 | -3.32 | -9.79 | 4.77 |
| Cash from Investing Activity | -0.35 | -2.89 | -1.16 | 0.45 | -0.31 | 2.58 | 0.08 | -2.26 | 2.83 | -4.59 | -15.18 | -42.26 |
| Cash from Financing Activity | -0.08 | 0.03 | -0.06 | -0.01 | 2.36 | 1.22 | 0.13 | -0.14 | -2.29 | 12.68 | 50.15 | 28.64 |
| Net Cash Flow | -0.48 | 0.43 | -0.12 | -0.41 | 0.82 | -0.25 | -0.01 | 0.18 | -0.24 | 4.76 | 25.18 | -8.85 |
| Free Cash Flow | -2.43 | 0.64 | 1.37 | -0.45 | -5.42 | -4.86 | -0.67 | 3.57 | 2.46 | -3.80 | -33.54 | -39.86 |
| CFO/OP | 6% | 475% | 157% | -171% | 101% | 138% | 25% | -311% | -191% | -402% | -146% | 87% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1.85 | 0.00 | 0.00 | 2.51 | 4.56 | 4.79 | 0.41 | 0.37 | 0.35 | 19.70 | 38.52 | 51.53 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 1.85 | 0.00 | 0.00 | 2.51 | 4.56 | 4.79 | 0.41 | 0.37 | 0.35 | 19.70 | 38.52 | 51.53 |
| Working Capital Days | 306.43 | 133.30 | 125.13 | 155.89 | 191.62 | 205.26 | 218.18 | 162.35 | 208.67 | 74.78 | 85.38 | 45.55 |
| ROCE % | 1.85% | 5.42% | 6.27% | 5.41% | -3.39% | -13.03% | -3.96% | -4.93% | 1.29% | 2.56% | 9.97% | 5.82% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.11% | 68.11% | 74.96% | 74.96% | 63.24% | 63.24% | 68.21% | 68.21% | 68.39% | 61.68% | 61.92% | 62.03% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.60% | 0.60% | 0.83% |
| Public | 31.88% | 31.88% | 25.03% | 25.05% | 36.75% | 36.77% | 31.78% | 31.78% | 31.61% | 37.73% | 37.48% | 37.13% |
| No. of Shareholders | 3,549 | 3,677 | 3,619 | 3,697 | 4,641 | 5,764 | 5,823 | 5,625 | 5,127 | 5,227 | 5,376 | 5,201 |
Fundamentals
Market Cap₹ 368 Cr.
Current Price₹ 202
Stock P/E86.1
Book Value₹ 65.9
ROCE5.82 %
ROE3.98 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)46%
Compounded Profit Growth (TTM)-24%
Consolidated figures.
Valuation
Market capRs 292 Cr
Enterprise valueRs 277 Cr
P/E (TTM)68.49x
Price to book2.43x
Price to sales5.05x
EV / EBITDA31.41x
EV / EBIT38.47x
EV / sales4.79x
Price to cash flow61.31x
Earnings yield1.46%
P/E, 3-year average41.53x
P/B, 3-year average2.19x
P/E, 5-year average37.22x
P/B, 5-year average1.39x
Profitability
Operating margin (excl. other income)11.09%
Operating margin (incl. other income)15.65%
EBITDA margin15.26%
Pre-tax margin10.27%
Net profit margin7.38%
Net margin, latest quarter8.05%
ROE4.19%
ROCE6.30%
ROA3.44%
ROE, 3-year average10.85%
ROCE, 3-year average13.55%
ROA, 3-year average8.94%
ROE, 5-year average6.11%
ROCE, 5-year average7.73%
ROA, 5-year average5.05%
ROIC (approx.)5.09%
Tax rate25.75%
Other income / net worth2.15%
Growth
Sales growth (latest year)80.06%
Profit growth (latest year)-14.15%
Sales CAGR, 3 years76.57%
Sales CAGR, 5 years45.04%
Profit CAGR, 3 years207.70%
Sales growth QoQ-2.59%
Sales growth YoY (latest quarter)7.85%
Profit growth YoY (latest quarter)-8.00%
Per share
EPS (TTM)Rs 2.80
EPS (latest year)Rs 2.87
EPS (latest quarter)Rs 0.76
EPS, 3-year averageRs 4.86
EPS, 5-year averageRs 2.75
Book value per shareRs 78.96
Sales per shareRs 38.00
Cash flow per shareRs 3.13
Free cash flow per shareRs -26.18
Efficiency
Asset turnover0.38x
Fixed asset turnover0.99x
Inventory turnover1.58x
Inventory days231 days
Debtor days52 days
Debtors turnover7.08x
Cash conversion cycle52 days
Working capital days46 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 30 Cr
Net debtRs -15 Cr
Debt to equity0.12x
Net debt / EBITDA-1.71x
Interest coverage5.68x
Owners' fund to total sources80.55%
Debt to assets9.91%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs -42 Cr
Cash from Financing Activity (latest year)Rs 29 Cr
Net Cash Flow (latest year)Rs -9 Cr
Free cash flow (latest year)Rs -40 Cr
FCFE (approx.: FCF + change in debt)Rs -31 Cr
Cash from ops / profit, 5 years-0.44x
Sales to cash flow11.91x
Statement figures
Net sales (TTM)Rs 58 Cr
Net sales (latest year)Rs 57 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 11 Cr
Total expenditure (latest year)Rs 51 Cr
Total income (latest year)Rs 59 Cr
Share capitalRs 15 Cr
ReservesRs 105 Cr
Shareholders' fundsRs 120 Cr
Total assetsRs 149 Cr
Net blockRs 58 Cr
Capital work in progressRs 24 Cr
InvestmentsRs 3 Cr
ReceivablesRs 8 Cr
InventoryRs 7 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)1.52
Ownership
Promoter holding62.03% (-6.18 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 68.5 is at the 59th percentile of its own 6.1-year range
(median 55.8, low 10.8, high 380.3).
P/B 2.43 is at the 73th percentile (median 0.75).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531525 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.7% | -2.8% | +0.1 pts |
| 1 month | +3.2% | -6.8% | +10.0 pts |
| 3 months | +71.6% | -7.6% | +79.2 pts |
| 3 years | +1435.2% | +14.2% | +1421.0 pts |
| 5 years | +2541.7% | +27.9% | +2513.8 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -58% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 141% vs sales +80% in 2026 |
| explain | Share dilution Share count up 0% in a year, 36% in three |
| explain | Debt up, profit down Borrowings up 158% while net profit fell in 2026 |
| look | Profit leans on other income Other income was 43% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹14 Cr +7.8% vs Jun 2025.
Net profit ₹1 Cr -2.5%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Ace Software Exports Ltd?
Ace Software Exports Ltd (531525) has a market capitalisation of Rs 368 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ace Software Exports Ltd?
Ace Software Exports Ltd trades at a P/E of 86.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ace Software Exports Ltd's latest quarterly results?
In the Jun 2026 quarter, Ace Software Exports Ltd sales was Rs 14 Cr (+7.8% vs Jun 2025) and net profit was Rs 1 Cr.