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Ace Software Exports Ltd

Ace Software Exports Ltd (531525)

₹178.7▲2%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Ace Software Exports Ltd share Performance

₹178.7
₹178.7
₹178.7
Day's Volatility:
₹17.4
₹178.7
₹178.7
90.26%
Low
52 Weeks Volatility:90.26%

Returns %
1 Month Return	+ 23.7 %
3 Month Return	+ 107.14 %
1 Year Return	+ 831.42 %

Market Stats
Previous Close	₹₹175.20
Open	₹₹178.70
Volume	₹80.00
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹112.13Cr

Company Information

Ace Software Exports was established in 1994 and since inception, was exporting 100 of its database creations to Apex Data Services in the US. Seeing the potential of the business, company decided to embark on an expansion and diversification plan which includes 4x increase in capacity and value-added CAD service. The project was partially funded through its public issue in Hi-Jan 1996. Production of software began in 1995-1996 and its CAD division finished its first project for the US based MLGW Memphis Light Gas and Water AM/FM database. Its Web Hosting and Design Service division has gained a lot of traction with 250 clients. Recently, the company decided to transfer this business to its subsidiary called Ace Infoway with the company owning 80% shares. Ace Infoway further distiguished itself with its work for Gujarat Higher Secondary Board and also has two web-design orders from international clients. The CAD division has been expanded and 6 of its personnel have been deputed to the US for a pilot project. Company has two sites running under the Software Technology Park Scheme which completed its first year in 2018-2019.

Share Price: ₹178.70 per share as on 17 May, 2024 04:01 PM
Market Capitalisation: ₹112.13Cr as of today
Revenue: ₹2.09Cr as on December 2023 (Q4 23)
Net Profit: ₹2.81Cr as on December 2023 (Q4 23)
Listing date: 01 Jan, 0001

Organisation	Ace Software Exports Ltd
Headquarters
Industry	IT - Software
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Key events for Ace Software Exports Ltd

Ace Software Exports Acquires 40% Stake in Ace Infoway - 19 Feb, 2024
Ace Software Exports has successfully acquired a 40% stake in Ace Infoway Private Ltd for Rs 8.60 crore, as approved by the members of the company at an Extraordinary General Meeting. The move is aimed at adding a new growth driver both domestically and globally.

Fundamentals of Ace Software Exports Ltd

Insights on Ace Software Exports Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Promoter Holding Up
Promoters have increased holdings from 68.11% to 74.96% in Mar 2024 quarter
POSITIVE IMPACT
Price Rise
In the last 6 months, Ace Soft. Exp. stock has moved up by 624.9%
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, -0.27 Cr → 2.81 Cr (in ₹), with an average increase of 96.3% per quarter
POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 1.98 Cr → 5.11 Cr (in ₹), with an average increase of 37.7% per quarter
POSITIVE IMPACT
Best in 3 Years
In the last 3 years, Ace Soft. Exp. has outperformed top 5 stocks with highest market-cap in Software
POSITIVE IMPACT
Best in 1 Year
In the last 1 year, Ace Soft. Exp. has outperformed top 5 stocks with highest market-cap in Software
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 31.89% to 25.04% in Mar 2024 quarter