BSE:531525

Stock Analysis Report

Ace Software Exports

Executive Summary

Ace Software Exports Limited, together with its subsidiaries, provides computer software and services in India.

Risk Analysis

Earnings have declined by -52.77% per year over past 5 years

Does not have a meaningful market cap (₹88M)

Does not have meaningful revenue (₹81M)



Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Ace Software Exports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531525 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.8%

531525

1.7%

IN IT

-0.4%

IN Market


1 Year Return

-17.0%

531525

5.7%

IN IT

11.1%

IN Market

Return vs Industry: 531525 underperformed the Indian IT industry which returned 5.7% over the past year.

Return vs Market: 531525 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

531525IndustryMarket
7 Day-5.8%1.7%-0.4%
30 Day-3.6%0.4%-1.5%
90 Day8.4%5.1%3.3%
1 Year-17.0%-17.0%8.5%5.7%13.0%11.1%
3 Year-21.4%-21.4%74.0%63.8%25.3%18.6%
5 Year31.6%31.6%56.3%41.9%35.4%23.1%

Price Volatility Vs. Market

How volatile is Ace Software Exports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

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1 year ago | Simply Wall St

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1 year ago | Simply Wall St

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Valuation

Is Ace Software Exports undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 531525's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 531525's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 531525 is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: 531525 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531525's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531525 is good value based on its PB Ratio (0.3x) compared to the IN IT industry average (0.9x).


Next Steps

Future Growth

How is Ace Software Exports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.3%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ace Software Exports has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ace Software Exports performed over the past 5 years?

-52.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531525 is currently unprofitable.

Growing Profit Margin: 531525 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 531525 is unprofitable, and losses have increased over the past 5 years at a rate of -52.8% per year.

Accelerating Growth: Unable to compare 531525's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 531525 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (7.6%).


Return on Equity

High ROE: 531525 has a negative Return on Equity (-13.88%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ace Software Exports's financial position?


Financial Position Analysis

Short Term Liabilities: 531525's short term assets (₹84.7M) exceed its short term liabilities (₹21.5M).

Long Term Liabilities: 531525's short term assets (₹84.7M) exceed its long term liabilities (₹13.9M).


Debt to Equity History and Analysis

Debt Level: 531525's debt to equity ratio (6.8%) is considered satisfactory.

Reducing Debt: 531525's debt to equity ratio has increased from 0.07% to 6.8% over the past 5 years.


Balance Sheet

Inventory Level: 531525 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531525's debt is covered by short term assets (assets are 5.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 531525 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: 531525 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Ace Software Exports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 531525's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531525's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 531525's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531525's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 531525 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 531525's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Sanjay Dhamsania (57yo)

₹3,015,000

Compensation

Mr. Sanjay Harilal Dhamsania, MS, is the Co-Founder of Ace Software Exports Limited and serves as its Joint Managing Director. Mr. Dhamsania was a Partner of Apex Data Services, Inc. (also known as Apex C ...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD42.16K) is about average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: Sanjay's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Sanjay Dhamsania
Co-Founder0yrs₹3.02m17.67% 15.5m
Vikram Sanghani
Co-Founder0yrs₹3.02m23.39% 20.5m
Jyotin Vasavada
CFO & Manager of Accounts5.7yrsno datano data
Hitesh Vora
Co-Founder & Head of Operations0yrsno datano data
Sohel Sanghani
Co-Founder6yrs₹840.00k0.64% 562.5k
Mansi Patel
Company Secretary & Compliance Officer0.5yrsno datano data

5.7yrs

Average Tenure

52yo

Average Age

Experienced Management: 531525's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sanjay Dhamsania
Co-Founder0yrs₹3.02m17.67% 15.5m
Vikram Sanghani
Co-Founder0yrs₹3.02m23.39% 20.5m
Dharamsibhai Vadaliya
Non-Executive Independent Director19.1yrs₹15.00kno data
Vimal Kalaria
Non-Executive Independent Director17.1yrs₹15.00k0.021% 18.8k
Pratikkumar Dadhaniya
Non-Executive Independent Director10.1yrs₹15.00kno data
Dhara Shah
Independent Director5.4yrs₹15.00kno data

13.6yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 531525's board of directors are seasoned and experienced ( 13.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ace Software Exports Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ace Software Exports Limited
  • Ticker: 531525
  • Exchange: BSE
  • Founded: 1987
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ₹87.750m
  • Shares outstanding: 4.68m
  • Website: https://www.acesoftex.com

Number of Employees


Location

  • Ace Software Exports Limited
  • 801, Everest Commercial Complex
  • Opposite Shashtri Maidan
  • Rajkot
  • Gujarat
  • 360001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531525BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2004

Biography

Ace Software Exports Limited, together with its subsidiaries, provides computer software and services in India. The company offers document management, digital publishing, and data conversion solutions using process engineering and conversion systems; and delivers digital content. Its publishing services include pre-press, e-book formatting, editorial, cover design, and document conversion, as well as distributes and markets content through online and print-on-demand platforms, social media, etc. The company offers technology consulting and develops applications, Websites, software, IT infrastructure, workflow improvement, and project management. It serves publishers and other organizations. Ace Software Exports Limited was founded in 1987 and is based in Rajkot, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:38
End of Day Share Price2020/02/12 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.