Ace Integrated (ACEINTEG)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Low leverage: Debt/Equity of 0.01 leaves no bankruptcy risk from borrowings.
• Book value per share of ₹17.20 provides a rough asset floor, with P/B at only 1.19.
• Promoter holding of 73.53% aligns promoter interests with the company's survival.

Concerns

• Sales growth of -92.31% and latest quarter sales of ₹0 Cr indicate operations have nearly ceased.
• P/E of 0.00, net profit of -₹0 Cr, and dividend yield of 0.00% mean there is no earnings or income support.
• ROCE of -10.30% and Piotroski F-Score of 2/9 reflect poor profitability and deteriorating financial health.
• Current price of ₹20.41 is 19% above book value, leaving little room for error if assets are impaired.

AI Analysis

Friends, this is the kind of business that fails Graham's first test: an unprofitable enterprise with no clear earnings. Ace Integrated shows a P/E of 0.00, latest quarter sales of ₹0 Cr and net profit of -₹0 Cr. Sales have collapsed by 92.31% in a year. Profit growth of -19.05% is meaningless when no positive earnings exist. There is no moat; a diversified commercial services company with zero revenue is not a going concern in any conventional sense. The balance sheet has one virtue: debt/equity of 0.01, so it is not drowning in leverage. Book value is ₹17.20, and the stock trades at ₹20.41, a P/B of 1.19. That looks modest, but book value is only worth something if capital is deployed to earn positive returns. ROCE is -10.30%, meaning existing capital is being destroyed. ROE is not meaningful because profits are absent. Piotroski F-Score of 2/9 reinforces my suspicion: poor profitability, weak efficiency, and deteriorating fundamentals. Promoter holding of 73.53% is high, but large ownership is not a substitute for a viable business; it can also mean minority shareholders have little say. I see an asset play at best, not an operating business. If the company's net assets are real and not eroded by further losses, the downside from book value may be limited. But paying a 19% premium to book for a company with zero revenue and negative return on capital is not value investing; it is speculation. The 52-week range of ₹14.20-29.94 shows volatility, but I need margin of safety. I would wait for sales to reappear, costs to be cut, or a clear catalyst to unlock asset value. Until then, this is a pass.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer