Operates in the IT software and consulting space, with its FY26 revenue of Rs. 24.23 crore split across software development and trading services segments. The company IPO'd on BSE in July 2025, raising Rs. 32.22 crore (Rs. 24.48 crore fresh issue plus Rs. 7.74 crore offer for sale), and has used the proceeds mainly for capital expenditure such as server facility construction, hardware/software procurement and workforce expansion. It has also used part of the proceeds to build minority equity stakes in fintech and trading-technology firms — a 1.83% stake in uTrade Solutions (Rs. 2.54 crore) and up to 6.70% in Silverleaf Capital Services (Rs. 1.64 crore). It amended its objects clause to include securities trading as a core business. Employee cost is 6.4% of revenue and other operating expenses 15.1%, while capex runs at 26.7% of revenue, reflecting the ongoing build-out of its technology infrastructure. Operating cash flow was negative Rs. 1,089.33 lakhs in FY26, driven by large increases in trade receivables (Rs. 2,221.67 lakhs) and inventories (Rs. 953.03 lakhs). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software development, Trading services. Small-cap IT software and consulting firm with a recent IPO and an expanding footprint into trading technology and fintech investments
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 16 | 24 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 8.68 | 9.13 |
| ROE % · ROCE % | — · 44.8 | — · 29.3 |
| Debt / equity (x) | — | — |
| Cash from operations | 11 | (11) |
| Capex | (1) | (6) |
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 8 | 9 | 15 |
| Profit before tax | 7 | 10 | 11 |
| Net profit | — | — | — |
| EPS (₹) | 3.65 | 4.77 | 4.37 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Ace Alpha Tech publishes 14th AGM notice in newspapers | compliance | minimal | — | — |
| 1 Sept 2026 · Ace Alpha Tech files FY25-26 Annual Report, Revenue up 55% to Rs 2,678 lakhs | compliance | minimal | — | — |
| 1 Sept 2026 · Notice of 14th AGM on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Newspaper advertisement for 14th Annual General Meeting | compliance | minimal | — | — |
| 27 Aug 2026 · Board approves new auditor, AoA changes, AGM on Sep 24 | general | medium | — | — |
| 27 Aug 2026 · Board appoints S. Agarwal and Company as Statutory Auditor for 5 years | management changes | medium | — | — |
| 7 Jul 2026 · RTA certificate under SEBI Reg 74(5) filed for Q1 FY27 | compliance | minimal | — | — |
| 23 Jun 2026 · Ace Alpha Tech shareholders approve IPO proceeds shift and AoA change via Postal Ballot | board shareholder meetings | medium | — | — |
| 23 Jun 2026 · Postal Ballot: 3 Special Resolutions Passed with 100% Approval | board shareholder meetings | medium | — | — |
| 22 May 2026 · Please find enclosed herewith newspaper publications with respect to the 1st Postal Ballot for the financial year 2026-27. | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.4 | 16.6 | 16 of 71 | 79% |
| ROCE | 29.3 | 14.2 | 5 of 78 | 95% |
| Market cap | 234 | 475 | 44 of 75 | 42% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
