Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 19 | 13 | 30 | 26 | 46 | 42 | 58 |
| Expenses | 8 | 19 | 13 | 27 | 24 | 43 | 39 | 55 |
| Operating Profit | 1 | 0 | 1 | 3 | 2 | 2 | 3 | 2 |
| OPM % | 10% | 2.1% | 5% | 9% | 8% | 4.8% | 8% | 4.2% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | 0 | 3 | 2 | 3 | 3 | 2 |
| Tax % | 25% | -38% | 13% | 29% | 25% | 27% | 27% | 22% |
| Net Profit | 1 | 0 | 0 | 2 | 1 | 2 | 2 | 2 |
| EPS in Rs | 0.28 | 0.05 | 0.12 | 0.94 | 0.60 | 0.81 | 0.95 | 0.70 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 1 | 2 | 10 | 28 | 43 | 72 | 100 |
| Expenses | 1 | 1 | 10 | 27 | 40 | 68 | 94 |
| Operating Profit | 0 | 0 | 1 | 1 | 3 | 4 | 6 |
| OPM % | 4.7% | 19% | 9% | 4.9% | 8% | 6% | 6% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 1 | 3 | 4 | 5 |
| Tax % | 0% | 30% | 27% | 18% | 27% | 24% | 24% |
| Net Profit | 0 | 0 | 1 | 1 | 2 | 3 | 4 |
| EPS in Rs | 0.00 | 0.04 | 0.29 | 0.28 | 1.06 | 1.47 | 1.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 126% | 52% | 39% | ||
| Compounded Profit Growth | % | 122% | 83% | 14% | ||
| Stock Price CAGR | % | % | -8% | -31% | ||
| Return on Equity | % | 4% | 4% | 5% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 18 | 18 | 23 | 23 | 23 | 23 |
| Reserves | 0 | 8 | 8 | 48 | 50 | 54 | 57 |
| Borrowings | 1 | 1 | 1 | 3 | 5 | 12 | 17 |
| Other Liabilities | 0 | 1 | 4 | 1 | 6 | 7 | 5 |
| Total Liabilities | 2 | 28 | 32 | 75 | 84 | 95 | 102 |
| Fixed Assets | 0 | 23 | 23 | 23 | 26 | 26 | 26 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 5 | 10 | 52 | 57 | 68 | 76 |
| Total Assets | 2 | 28 | 32 | 75 | 84 | 95 | 102 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | -3 | -2 | -41 | 3 | -2 | -1 |
| Cash from Investing Activity | 0 | -23 | -0 | -0 | -4 | -1 | -0 |
| Cash from Financing Activity | 0 | 25 | 2 | 42 | 1 | 3 | 1 |
| Net Cash Flow | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Free Cash Flow | 0 | -25 | -2 | -42 | -2 | -3 | -1 |
| CFO/OP | 14% | -881% | -227% | -2,988% | 103% | -10% | 12% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 116 | 98 | 109 | 9 | 34 | 52 |
| Inventory Days | 235 | 490 | 83 | 22 | 91 | 50 | 24 |
| Days Payable | 117 | 396 | 84 | 7 | 42 | 27 | 12 |
| Cash Conversion Cycle | 208 | 209 | 97 | 124 | 58 | 57 | 64 |
| Working Capital Days | 282 | 163 | 131 | 165 | 90 | 74 | 72 |
| ROCE % | 2% | 3% | 3% | 5% | 7% | 8% |
| 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 | 65.00% | 65.00% | 61.34% | 61.34% | 61.34% | 61.34% | 61.34% | 61.34% | 53.81% | 50.92% | 50.92% | 50.92% |
| Public | 35.01% | 35.00% | 38.66% | 38.66% | 38.68% | 38.66% | 38.65% | 38.66% | 46.19% | 49.08% | 49.09% | 49.08% |
| No. of Shareholders | 2,119 | 2,017 | 2,110 | 2,472 | 2,486 | 2,653 | 2,554 | 2,627 | 2,624 | 2,902 | 2,828 | 2,740 |
Fundamentals
Market Cap₹ 35.6 Cr.
Current Price₹ 15.8
Stock P/E9.45
Book Value₹ 35.5
ROCE7.73 %
ROE4.83 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)39%
Compounded Profit Growth (TTM)14%
Standalone figures.
Valuation
Market capRs 35 Cr
Enterprise valueRs 38 Cr
P/E (TTM)56.88x
Price to book0.50x
Price to sales1.24x
EV / EBITDA26.98x
EV / EBIT27.37x
EV / sales1.34x
Earnings yield1.76%
P/E, 3-year average61.82x
P/B, 3-year average0.54x
Profitability
Operating margin (excl. other income)4.86%
Operating margin (incl. other income)4.97%
EBITDA margin4.97%
Pre-tax margin2.68%
Net profit margin2.19%
ROE1.28%
ROCE2.73%
ROA1.15%
ROE, 3-year average1.29%
ROCE, 3-year average2.84%
ROA, 3-year average1.14%
ROIC (approx.)1.55%
Tax rate18.42%
Other income / net worth0.04%
Growth
Sales growth (latest year)171.22%
Profit growth (latest year)14.81%
Sales CAGR, 3 years167.03%
Per share
EPS (TTM)Rs 0.28
EPS (latest year)Rs 0.28
EPS, 3-year averageRs 0.20
Book value per shareRs 31.30
Sales per shareRs 12.59
Cash flow per shareRs -18.36
Free cash flow per shareRs -0.44
Efficiency
Asset turnover0.38x
Fixed asset turnover1.25x
Inventory turnover16.62x
Inventory days22 days
Debtor days109 days
Debtors turnover3.35x
Creditor days12 days
Cash conversion cycle64 days
Working capital days72 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 1 Cr
Net debtRs 3 Cr
Debt to equity0.05x
Net debt / EBITDA1.97x
Interest coverage2.21x
Owners' fund to total sources94.00%
Debt to assets4.56%
Cash flow
Cash from Operating Activity (latest year)Rs -41 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 42 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years-3.91x
Statement figures
Net sales (TTM)Rs 28 Cr
Net sales (latest year)Rs 28 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 26 Cr
Total expenditure (latest year)Rs 27 Cr
Total income (latest year)Rs 28 Cr
Share capitalRs 23 Cr
ReservesRs 48 Cr
Shareholders' fundsRs 71 Cr
Total assetsRs 75 Cr
Net blockRs 23 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 8 Cr
InventoryRs 2 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)2.25
Ownership
Promoter holding50.92% (-10.42 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.50 is at the 7th percentile (median 1.94).
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 | 543637 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -12.6% | -2.8% | -9.8 pts |
| 1 month | +16.7% | -6.8% | +23.5 pts |
| 3 months | -2.2% | -7.6% | +5.4 pts |
| 3 years | -24.0% | +14.2% | -38.1 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -3780% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 56% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 201% vs sales +171% in 2026 |
| look | Share dilution Share count up 23% in a year |
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
Mar 2026Sales ₹58 Cr +93.3% vs Mar 2024.
Net profit ₹2 Cr +0.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Eternal Ltd | 316,387 | 731 | 2.48 % |
| Meesho Ltd | 103,262 | -40.0 % | |
| FSN E-Commerce Ventures Ltd | 93,763 | 352 | 17.2 % |
| Swiggy Ltd | 70,029 | -24.1 % | |
| Urban Company Ltd | 25,247 | -7.82 % | |
| Cartrade Tech Ltd | 14,135 | 59.4 | 11.8 % |
| Brainbees Solutions Ltd | 9,626 | 0.57 % | |
| Shiprocket Ltd | 8,730 | -2.68 % | |
| Rentomojo Ltd | 5,219 | 48.0 | 21.5 % |
| RattanIndia Enterprises Ltd | 3,547 | -4.76 % | |
| Macfos Ltd | 1,084 | 40.8 | 33.8 % |
| Acetech E-Commerce Ltd | 238 | 23.1 | 34.6 % |
| Intrasoft Technologies Ltd | 164 | 12.0 | 6.29 % |
| Womancart Ltd | 81 | 9.90 | 12.8 % |
| Kaushalya Logistics Ltd | 78 | 6.36 | 17.0 % |
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 Pace E-Commerce Ventures Ltd?
Pace E-Commerce Ventures Ltd (543637) has a market capitalisation of Rs 35.6 Cr. at the 2026-10-01 close.
What is the P/E ratio of Pace E-Commerce Ventures Ltd?
Pace E-Commerce Ventures Ltd trades at a P/E of 9.45 on trailing twelve-month profit, at the 2026-10-01 close.
What were Pace E-Commerce Ventures Ltd's latest quarterly results?
In the Mar 2026 quarter, Pace E-Commerce Ventures Ltd sales was Rs 58 Cr (+93.3% vs Mar 2024) and net profit was Rs 2 Cr.