Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹133, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 18% over the past year. Board Change • Apr 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Pratik Doshi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹183, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 66% over the past year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹144, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 23x in the IT industry in India. Total returns to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹95.05, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 25x in the IT industry in India. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹89.99, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 25x in the IT industry in India. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹67.00, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 60% over the past year. Upcoming Dividend • Nov 14
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 21 November 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (3.1%). Duyuru • Nov 03
AccelerateBS India Limited to Report First Half, 2026 Results on Nov 10, 2025 AccelerateBS India Limited announced that they will report first half, 2026 results on Nov 10, 2025 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹76.00, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 28x in the IT industry in India. Total loss to shareholders of 58% over the past year. Upcoming Dividend • Jul 14
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 21 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 39% and the cash payout ratio is 100%. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.9%). Reported Earnings • Jul 08
Full year 2025 earnings released: EPS: ₹2.57 (vs ₹0.15 in FY 2024) Full year 2025 results: EPS: ₹2.57 (up from ₹0.15 in FY 2024). Revenue: ₹67.7m (flat on FY 2024). Net income: ₹7.33m (up ₹7.03m from FY 2024). Profit margin: 11% (up from 0.4% in FY 2024). Duyuru • Jul 03
AccelerateBS India Limited, Annual General Meeting, Jul 29, 2025 AccelerateBS India Limited, Annual General Meeting, Jul 29, 2025, at 12:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹114, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 39% over the past year. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹2.57 (vs ₹0.091 in FY 2024) Full year 2025 results: EPS: ₹2.57 (up from ₹0.091 in FY 2024). Revenue: ₹68.2m (flat on FY 2024). Net income: ₹7.33m (up ₹7.03m from FY 2024). Profit margin: 11% (up from 0.4% in FY 2024). New Risk • May 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (24% accrual ratio). Revenue is less than US$1m (₹68m revenue, or US$797k). Market cap is less than US$10m (₹322.8m market cap, or US$3.77m). Duyuru • May 16
AccelerateBS India Limited to Report Second Half, 2025 Results on May 26, 2025 AccelerateBS India Limited announced that they will report second half, 2025 results on May 26, 2025 New Risk • Mar 21
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 7.0% per year over the past 5 years. Revenue is less than US$1m (₹73m revenue, or US$851k). Market cap is less than US$10m (₹451.8m market cap, or US$5.24m). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹122, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 26x in the IT industry in India. Total loss to shareholders of 37% over the past year. Duyuru • Mar 06
AccelerateBS India Limited Approves First Interim Dividend for the Financial Year 2024-25, Payable on or Before April 04, 2025 AccelerateBS India Limited at its board meeting, held on March 06, 2025, approved the Declaration of first Interim Dividend of INR 0.80/- per Equity Share i.e. 8% on face value of INR 10/- per Equity Share for the financial year 2024-25 amounting to INR 2,750,464/- (In Indian Rupees Twenty-Seven Lakh Fifty Thousand Four Hundred and Sixty-Four Only). Record Date pursuant to Regulation 42 of the Listing Regulations for the purpose of determining the entitlement of the Equity Shareholders for the aforementioned Interim Dividend is being fixed as March 21, 2025. Further the said Interim Dividend shall be paid on or before April 04, 2025 to the eligible Shareholders as on record date March 21, 2025. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹105, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 29x in the IT industry in India. Total loss to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹136, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 20% over the past year. Duyuru • Nov 05
AccelerateBS India Limited to Report First Half, 2025 Results on Nov 12, 2024 AccelerateBS India Limited announced that they will report first half, 2025 results on Nov 12, 2024 Reported Earnings • Aug 13
Full year 2024 earnings released: EPS: ₹0.15 (vs ₹9.20 in FY 2023) Full year 2024 results: EPS: ₹0.15 (down from ₹9.20 in FY 2023). Revenue: ₹68.1m (up 41% from FY 2023). Net income: ₹305.0k (down 95% from FY 2023). Profit margin: 0.4% (down from 14% in FY 2023). Duyuru • Jul 26
AccelerateBS India Limited, Annual General Meeting, Aug 30, 2024 AccelerateBS India Limited, Annual General Meeting, Aug 30, 2024, at 15:00 Indian Standard Time. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹5.37 (vs ₹9.20 in FY 2023) Full year 2024 results: EPS: ₹5.37 (down from ₹9.20 in FY 2023). Revenue: ₹68.1m (up 42% from FY 2023). Net income: ₹305.0k (down 95% from FY 2023). Profit margin: 0.4% (down from 14% in FY 2023). Duyuru • May 10
AccelerateBS India Limited to Report Fiscal Year 2024 Results on May 16, 2024 AccelerateBS India Limited announced that they will report fiscal year 2024 results on May 16, 2024 New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (155% accrual ratio). Revenue is less than US$1m (₹48m revenue, or US$578k). Market cap is less than US$10m (₹648.9m market cap, or US$7.83m). Minor Risk Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹209, the stock trades at a trailing P/E ratio of 67.9x. Average trailing P/E is 39x in the IT industry in India. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹202, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 42x in the IT industry in India. Duyuru • Oct 18
AccelerateBS India Limited Announces Appointment of Bhavika Mehta as Company Secretary and Compliance Officer, Effective October 18, 2023 AccelerateBS India Limited announced that based on recommendations of the Nomination and Remuneration Committee, the Board of Directors of the Company, at their meeting held on October 17, 2023 appointed Ms. Bhavika Mehta as the Company Secretary and Compliance Officer (designated as Key Managerial Personnel) of the Company with effect from October 18, 2023. Ms. Bhavika Mehta has 2.5 years of experience in secretarial compliance field. She has worked with a private company, with a renowned firm in Secretarial Audit Department and listed NBFC company, all based out of Mumbai. She has done her LLB and B.com from JNVU, Jodhpur (Raj.) and is an Associate member of ICSI. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹230, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 37x in the IT industry in India. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹168, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 36x in the IT industry in India. Reported Earnings • Aug 11
Full year 2023 earnings released Full year 2023 results: Revenue: ₹47.9m (up 36% from FY 2022). Net income: ₹6.61m (up 155% from FY 2022). Profit margin: 14% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue. Duyuru • Aug 03
AccelerateBS India Limited to Report Second Half, 2023 Results on Aug 08, 2023 AccelerateBS India Limited announced that they will report second half, 2023 results on Aug 08, 2023 Board Change • Jul 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Whole-time Director Keyur Shah is the most experienced director on the board, commencing their role in 2022. Non-Executive Independent Director Pratik Doshi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
