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Last Updated: April 2, 2026, 3:59 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531525 | NSE: ACESOFT

Ace Software Exports Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹133.31Overvalued by 22.49%vs CMP ₹172.00

P/E (39.9) × ROE (8.1%) × BV (₹50.80) × DY (2.00%)

₹84.52Overvalued by 50.86%vs CMP ₹172.00
MoS: -103.5% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹186.0926%Fair (+8.2%)
Graham NumberEarnings₹66.7716%Over (-61.2%)
Earnings PowerEarnings₹15.1913%Over (-91.2%)
DCFCash Flow₹84.3913%Over (-50.9%)
Net Asset ValueAssets₹56.398%Over (-67.2%)
EV/EBITDAEnterprise₹38.6910%Over (-77.5%)
Earnings YieldEarnings₹39.008%Over (-77.3%)
Revenue MultipleRevenue₹19.246%Over (-88.8%)
Consensus (8 models)₹84.52100%Overvalued
Key Drivers: EPS CAGR 39.6% lifts DCF — verify sustainability. | Wide model spread (₹15–₹186) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 39.6%

*Investments are subject to market risks

Investment Snapshot

62
Ace Software Exports Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 10.0% AverageROE 8.1% AverageD/E 0.08 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
DII holding up 0.60% MF buyingPromoter decreased by 6.71% Caution
Earnings Quality65/100 · Strong
OPM expanding (-2% → 12%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +56% YoY AcceleratingProfit (4Q): +2% YoY PositiveOPM: 11.8% (down 10.6% YoY) Margin pressure
Industry Rank65/100 · Strong
P/E 39.9 vs industry 98.1 Cheaper than peersROCE 10.0% vs industry 14.9% AverageROE 8.1% vs industry 21.0% Below peers3Y sales CAGR: 48% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:59 am

Market Cap 282 Cr.
Current Price 172
Intrinsic Value₹84.52
High / Low 302/157
Stock P/E39.9
Book Value 50.8
Dividend Yield0.00 %
ROCE9.97 %
ROE8.06 %
Face Value 10.0
PEG Ratio1.01

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ace Software Exports Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ace Software Exports Ltd 282 Cr. 172 302/15739.9 50.80.00 %9.97 %8.06 % 10.0
Inspirisys Solutions Ltd 297 Cr. 75.0 121/66.67.25 17.10.00 %23.8 %69.6 % 10.0
3i Infotech Ltd 297 Cr. 14.3 26.0/12.65.07 15.80.00 %4.94 %8.28 % 10.0
Danlaw Technologies India Ltd 258 Cr. 530 1,200/42812.9 1760.00 %28.0 %28.3 % 10.0
Alphalogic Techsys Ltd 253 Cr. 40.3 126/32.550.1 7.930.00 %16.3 %11.5 % 5.00
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Ace Software Exports Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.201.941.901.982.0917.755.315.856.8113.6813.2514.0114.89
Expenses 2.662.192.172.062.2416.684.284.425.2911.3111.7212.1013.14
Operating Profit 0.54-0.25-0.27-0.08-0.151.071.031.431.522.371.531.911.75
OPM % 16.88%-12.89%-14.21%-4.04%-7.18%6.03%19.40%24.44%22.32%17.32%11.55%13.63%11.75%
Other Income 0.120.130.081.143.031.790.290.180.600.810.310.400.59
Interest 0.030.000.000.000.000.130.070.150.180.180.180.250.28
Depreciation 0.180.090.080.080.080.470.140.140.140.750.450.230.32
Profit before tax 0.45-0.21-0.270.982.802.261.111.321.802.251.211.831.74
Tax % 0.00%4.76%0.00%0.00%0.00%19.47%0.00%0.00%0.00%39.56%0.00%0.00%0.00%
Net Profit 0.45-0.21-0.270.982.811.821.111.331.801.371.221.831.74
EPS in Rs 0.27-0.16-0.200.732.100.780.400.480.681.250.691.000.96

Last Updated: March 3, 2026, 1:11 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4.705.928.058.438.718.009.148.859.7810.3223.7231.5555.83
Expenses 4.725.617.337.578.239.1612.119.5810.619.8823.0825.1148.27
Operating Profit -0.020.310.720.860.48-1.16-2.97-0.73-0.830.440.646.447.56
OPM % -0.43%5.24%8.94%10.20%5.51%-14.50%-32.49%-8.25%-8.49%4.26%2.70%20.41%13.54%
Other Income 1.150.970.840.831.031.261.020.570.810.376.041.882.11
Interest 0.020.030.020.070.060.010.100.110.150.110.190.660.89
Depreciation 0.290.750.340.380.320.240.670.640.640.580.701.181.75
Profit before tax 0.820.501.201.241.13-0.15-2.72-0.91-0.810.125.796.487.03
Tax % 3.66%6.00%1.67%16.13%7.96%6.67%0.00%5.49%0.00%8.33%7.60%13.73%
Net Profit 0.790.471.181.041.03-0.16-2.72-0.95-0.810.125.355.606.16
EPS in Rs 0.590.350.880.780.770.03-1.28-0.46-0.400.112.722.803.90
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-40.51%151.06%-11.86%-0.96%-115.53%-1600.00%65.07%14.74%114.81%4358.33%4.67%
Change in YoY Net Profit Growth (%)0.00%191.57%-162.93%10.90%-114.57%-1484.47%1665.07%-50.34%100.08%4243.52%-4353.66%

Ace Software Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:28%
3 Years:48%
TTM:46%
Compounded Profit Growth
10 Years:33%
5 Years:36%
3 Years:101%
TTM:-5%
Stock Price CAGR
10 Years:45%
5 Years:105%
3 Years:208%
1 Year:53%
Return on Equity
10 Years:2%
5 Years:3%
3 Years:6%
Last Year:9%

Last Updated: September 5, 2025, 2:01 pm

Balance Sheet

Last Updated: December 10, 2025, 3:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.684.684.684.684.684.684.684.684.684.686.4012.6912.77
Reserves 12.8213.2914.4716.8417.7017.6014.6514.9814.8815.2823.6875.8379.68
Borrowings 0.050.000.050.000.000.351.721.911.770.001.905.7312.77
Other Liabilities 0.621.321.080.981.673.733.112.491.981.107.5510.5811.79
Total Liabilities 18.1719.2920.2822.5024.0526.3624.1624.0623.3121.0639.53104.83117.01
Fixed Assets 2.282.014.054.534.308.929.059.008.354.5210.3035.1159.27
CWIP 0.000.000.000.000.000.000.000.000.000.000.003.920.00
Investments 5.124.025.037.898.685.461.712.536.537.4612.583.385.22
Other Assets 10.7713.2611.2010.0811.0711.9813.4012.538.439.0816.6562.4252.52
Total Assets 18.1719.2920.2822.5024.0526.3624.1624.0623.3121.0639.53104.83117.01

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.98-0.053.291.11-0.86-1.22-4.05-0.712.58-0.78-3.32-9.79
Cash from Investing Activity + 1.52-0.35-2.89-1.160.45-0.312.580.08-2.262.83-4.59-15.18
Cash from Financing Activity + -0.18-0.080.03-0.06-0.012.361.220.13-0.14-2.2912.6850.15
Net Cash Flow 0.36-0.480.43-0.12-0.410.82-0.25-0.510.18-0.244.7625.18
Free Cash Flow -2.57-2.430.641.37-0.45-5.42-4.86-1.173.572.46-3.80-33.54
CFO/OP 4,900%6%475%157%-171%101%138%93%-311%-191%-402%-146%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.070.310.670.860.48-1.51-4.69-2.64-2.600.44-1.260.71

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 0.001.850.000.002.514.564.790.410.370.3519.7038.52
Inventory Days
Days Payable
Cash Conversion Cycle 0.001.850.000.002.514.564.790.410.370.3519.7038.52
Working Capital Days 410.82306.43133.30125.13155.89191.62205.26218.18162.35208.6774.7885.38
ROCE %3.76%1.85%5.42%6.27%5.41%-3.39%-13.03%-3.96%-4.93%1.29%2.56%9.97%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.08%68.11%68.11%68.11%74.96%74.96%63.24%63.24%68.21%68.21%68.39%61.68%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.60%
Public 31.92%31.89%31.88%31.88%25.03%25.05%36.75%36.77%31.78%31.78%31.61%37.73%
No. of Shareholders 3,6343,6093,5493,6773,6193,6974,6415,7645,8235,6255,1275,227

Shareholding Pattern Chart

No. of Shareholders

Ace Software Exports Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.498.350.25-1.73-2.05
Diluted EPS (Rs.) 4.378.350.25-1.73-2.05
Cash EPS (Rs.) 5.349.451.48-0.35-0.67
Book Value[Excl.RevalReserv]/Share (Rs.) 69.7553.8142.7742.8943.68
Book Value[Incl.RevalReserv]/Share (Rs.) 69.7553.8142.7742.8943.68
Revenue From Operations / Share (Rs.) 24.8637.0722.0620.9118.91
PBDIT / Share (Rs.) 6.4910.331.65-0.15-0.34
PBIT / Share (Rs.) 5.579.230.41-1.53-1.72
PBT / Share (Rs.) 5.119.030.26-1.73-1.94
Net Profit / Share (Rs.) 4.418.350.24-1.73-2.05
NP After MI And SOA / Share (Rs.) 4.017.730.31-1.15-1.31
PBDIT Margin (%) 26.1227.887.47-0.73-1.83
PBIT Margin (%) 22.3924.911.87-7.30-9.08
PBT Margin (%) 20.5424.371.19-8.26-10.28
Net Profit Margin (%) 17.7322.531.11-8.26-10.83
NP After MI And SOA Margin (%) 16.1220.851.41-5.48-6.94
Return on Networth / Equity (%) 5.7416.440.73-2.74-3.12
Return on Capital Employeed (%) 7.4417.000.96-3.30-3.62
Return On Assets (%) 4.8512.510.69-2.30-2.55
Long Term Debt / Equity (X) 0.010.000.000.070.08
Total Debt / Equity (X) 0.060.060.020.090.08
Asset Turnover Ratio (%) 0.430.780.460.370.39
Current Ratio (X) 5.753.107.023.934.24
Quick Ratio (X) 5.072.845.943.313.62
Inventory Turnover Ratio (X) 7.840.000.000.000.00
Interest Coverage Ratio (X) 14.1651.3510.91-0.76-1.53
Interest Coverage Ratio (Post Tax) (X) 10.6142.512.62-7.63-8.04
Enterprise Value (Cr.) 367.3159.568.0310.397.49
EV / Net Operating Revenue (X) 11.642.510.771.060.84
EV / EBITDA (X) 44.579.0110.41-144.49-46.22
MarketCap / Net Operating Revenue (X) 12.522.460.740.880.66
Price / BV (X) 4.461.940.380.440.29
Price / Net Operating Revenue (X) 12.522.460.740.880.66
EarningsYield 0.010.080.01-0.06-0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

ACE Software Exports Ltd. is a Public Limited Listed company incorporated on 17/08/1994 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L62011GJ1994PLC022781 and registration number is 022781. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 11.56 Cr. and Equity Capital is Rs. 12.69 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & Software801, Everest, Rajkot Gujarat 360001Contact not found
Management
NamePosition Held
Mr. Amit M MehtaManaging Director & CEO
Mr. Rahul J KalariaWhole Time Director
Mr. Sanjay H DhamsaniaWhole Time Director
Mr. Vikram B SanghaniWhole Time Director
Mr. Sanjiv PunjaniIndependent Director
Mr. Dharmesh C DadhaniaIndependent Director
Mr. Divyesh B AgheraIndependent Director
Ms. Malini ShahIndependent Director

FAQ

What is the intrinsic value of Ace Software Exports Ltd and is it undervalued?

As of 16 April 2026, Ace Software Exports Ltd's intrinsic value is ₹84.52, which is 50.86% lower than the current market price of ₹172.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.06 %), book value (₹50.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ace Software Exports Ltd?

Ace Software Exports Ltd is trading at ₹172.00 as of 16 April 2026, with a FY2026-2027 high of ₹302 and low of ₹157. The stock is currently near its 52-week low. Market cap stands at ₹282 Cr..

How does Ace Software Exports Ltd's P/E ratio compare to its industry?

Ace Software Exports Ltd has a P/E ratio of 39.9, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ace Software Exports Ltd financially healthy?

Key indicators for Ace Software Exports Ltd: ROCE of 9.97 % is on the lower side compared to the industry average of 14.90%. Dividend yield is 0.00 %.

Is Ace Software Exports Ltd profitable and how is the profit trend?

Ace Software Exports Ltd reported a net profit of ₹6 Cr in Mar 2025 on revenue of ₹32 Cr. Compared to ₹-1 Cr in Mar 2022, the net profit shows an improving trend.

Does Ace Software Exports Ltd pay dividends?

Ace Software Exports Ltd has a dividend yield of 0.00 % at the current price of ₹172.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ace Software Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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