BSE: 544431
Ace Alpha Tech Limited
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
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | 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) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ 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 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 9,03,878 | 18.1 | 8.33 | 12.4 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,71,713 | 15.7 | 5.06 | 9.9 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,85,530 | 22.1 | 5.13 | 13.8 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,85,195 | 14.8 | 2.10 | 8.8 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,77,517 | 31.3 | 5.90 | 19.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,20,167 | 23.0 | 4.98 | 14.5 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 92,008 | 47.4 | 11.74 | 31.5 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 88,367 | 40.6 | 9.13 | 31.5 | 18.0 | 17.2 | 28.6 | 18.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.4 | 15.1 | 21 of 65 | 69% |
| ROCE | 29.3 | 14.2 | 5 of 76 | 95% |
| Market cap | 278 | 425 | 43 of 76 | 44% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to approve September results and consider strategic restructuring | strategic transactions | medium | — | — |
| 13 Oct 2026 · RTA certificate filed under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 01 for H2 FY26 results | compliance | minimal | — | — |
| 25 Sept 2026 · Ace Alpha Tech AGM approves new statutory auditor and Articles amendment | management changes | medium | — | — |
| 25 Sept 2026 · Ace Alpha Tech 14th AGM: All 7 Resolutions Passed with 100% Approval | compliance | minimal | — | — |
| 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 | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | 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 |
Sources, method and disclosures
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.