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ACE DESIGNERS LIMITED

acedesigners.co.in
Active
Updated: 22 Oct 2024

Ace Designers Limited, is an unlisted public company incorporated on 25 September, 1986. It is classified as a public limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 21.50 cr and the total paid-up capital is INR 18.45 cr.

Ace Designers Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 201.16% over the previous year. At the same time, it's book networth has increased by 290.58%.

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Industry

Manufacturing (Machinery & Equipments)
Products
  • CNC Chuckers, Sliding head automats, Center lathes, Tooled up Solutions, Gantry Automation Solutions, Robot Automation Solutions, Foundry, CNC lathes, Automotive parts machining, and Conventional lathes, CNC Turnmills, CNC Turning centers, CNC Vertical Turning Lathes
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
11.44%
₹ 2,189.8
EBITDA
62.42%
₹ 215.0
Net Profit
-38.16%
₹ 143.6
Networth
11.86%
₹ 1,098.1
Borrowings
-44.74%
₹ 63.8
Assets
2.24%
₹ 1,821.1
Gross Margin
3.46
29.4 %
Operating Margin
3.08
9.8 %
Net Profit Margin
-5.22
6.5 %
Return on Equity
-10.58
13.1 %
ROCE
7.96
15.0 %
Debt to Equity
-0.06
0.1
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (9)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • CASH DETERIORATING
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Mungi Engineers Private Limited Maharashtra
Rane Nsk Steering Systems Private Limited Tamil Nadu
Rockman Industries Limited Punjab
Zetwerk Manufacturing Businesses Private Limited Karnataka

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 481.5 641.7 972.1 1,965.0 2,189.8
Operating profit 8.5 16.7 44.0 132.4 215.0
Net profit -17.7 -7.9 20.5 232.2 143.6
Gross margin 30.0 24.7 23.9 25.9 29.4
Operating margin 1.8 2.6 4.5 6.7 9.8
Net margin -3.6 -1.2 2.1 11.7 6.5
Networth 238.3 230.1 251.3 981.7 1,098.1
Borrowings 127.0 89.1 125.4 115.4 63.8
Assets 574.8 651.7 687.2 1,781.2 1,821.1
Debt to equity 0.5 0.4 0.5 0.1 0.1
Current ratio 1.3 1.2 1.1 1.2 1.5
ROE -7.4 -3.4 8.2 23.6 13.1
Days payable 122.0 148.0 103.0 108.0 91.0
WC days 56.0 32.0 7.0 28.0 47.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11.9 11.9 11.9 18.4 18.4
Reserves 226.4 218.2 239.5 963.2 1,079.6
Borrowings + 127.0 89.1 125.4 115.4 63.8
Long term borrowings 113.9 84.1 63.3 29.4 21.6
Short term borrowings 13.1 5.0 62.1 86.0 42.1
Trade payables + 112.5 195.6 209.8 429.8 386.2
Days payable 122.0 148.0 103.0 108.0 91.0
Other liabilities + 209.6 332.5 310.5 684.2 659.3
Other non-current liabilities 4.9 4.1 4.4 94.3 93.9
Other current liabilities 92.1 132.8 96.3 160.1 179.2
Total liabilities 574.8 651.7 687.2 1,781.2 1,821.1
Fixed Assets + 247.1 234.0 263.6 811.5 817.6
Tangible assets 222.6 198.7 253.9 686.8 688.7
CWIP 23.6 35.0 9.2 16.6 13.1
Intangible assets 0.9 0.3 0.4 108.1 115.8
LT loans and advances 2.5 2.0 0.1 1.9 1.1
Other non-current assets 33.4 26.6 37.5 141.3 114.0
Current assets + 291.9 389.0 386.1 826.6 888.5
Inventories 186.2 185.2 217.6 446.9 393.6
Trade receivables 40.8 85.1 80.5 183.7 236.8
Cash and cash equivalents 13.8 20.3 17.2 65.7 36.2
ST loans and advances 1.0 0.9 0.5 12.6 15.3
Other current assets 50.1 97.4 70.3 117.8 206.6
Total assets 574.8 651.7 687.2 1,781.2 1,821.1
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 481.5 641.7 972.1 1,965.0 2,189.8
Sales growth % -50.22 33.26 51.5 102.14 11.44
Expenses + 515.3 666.7 963.3 1,908.3 2,036.3
Cost of goods 337.1 483.4 740.1 1,455.5 1,546.3
Employee cost 78.1 78.7 103.8 203.0 238.8
Other costs 57.8 62.9 84.2 174.1 189.7
Operating profit + 8.5 16.7 44.0 132.4 215.0
Operating margin % 1.8 2.6 4.5 6.7 9.8
Other income 12.7 9.7 15.8 22.0 33.9
Interest 15.6 14.8 11.0 10.9 11.1
Depreciation 26.8 26.9 24.2 64.7 50.3
Exceptional items - - - 178.6 -
Profit before tax -21.1 -15.3 24.5 257.3 187.4
Tax -3.4 -7.4 4.0 25.2 43.8
Profit - disc. ops - - - - -
Net profit -17.7 -7.9 20.5 232.2 143.6
Net margin % -3.6 -1.2 2.1 11.7 6.5
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.5 0.4 0.5 0.1 0.1
Net Debt/Equity 0.5 0.3 0.4 0.1 0.0
Total Debt/Assets 0.2 0.1 0.2 0.1 0.0
Total Assets/Equity 2.4 2.8 2.7 1.8 1.7
Liquidity +
Current Ratio 1.3 1.2 1.1 1.2 1.5
Quick Ratio 0.5 0.6 0.5 0.6 0.8
Interest Coverage 0.6 1.1 4.0 12.1 19.4
Performance
Gross Margin 30.0 24.7 23.9 25.9 29.4
Operating Margin 1.8 2.6 4.5 6.7 9.8
Net Margin -3.6 -1.2 2.1 11.7 6.5
Return +
Return on Equity -7.4 -3.4 8.2 23.6 13.1
Pre-tax ROCE -5.7 -3.5 7.0 7.0 15.0
Return on Assets -3.1 -1.2 3.0 13.0 7.9
Pre-tax ROIC -5.2 -3.4 5.5 6.6 14.6
Efficiency +
Days Payable 122.0 148.0 103.0 108.0 91.0
Days Inventory 202.0 140.0 107.0 112.0 93.0
Days Receivable 31.0 48.0 30.0 34.0 39.0
Fixed Asset Turnover 1.9 2.7 3.7 2.4 2.7
Total Asset Turnover 0.8 1.0 1.4 1.1 1.2
Working Capital
Cash Conversion Cycle 111.0 40.0 34.0 38.0 41.0
Working Capital Days 56.0 32.0 7.0 28.0 47.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Kotak Mahindra Bank Limited

No. of Loans: 3

Total Amount : 100.0 cr

2

Standard Chartered Bank

No. of Loans: 3

Total Amount : 93.4 cr

3

HDFC Bank Limited

No. of Loans: 2

Total Amount : 79.0 cr

4

HSBC BANK (MAURITIUS) LIMITED

No. of Loans: 1

Total Amount : 66.8 cr

5

The Federal Bank Limited

No. of Loans: 1

Total Amount : 40.0 cr

6

The Karnataka Bank Limited

No. of Loans: 1

Total Amount : 37.9 cr

7

Tata Capital Financial Services Limited

No. of Loans: 1

Total Amount : 30.0 cr

8

Axis Bank Limited

No. of Loans: 1

Total Amount : 27.1 cr

9

Canara Bank

No. of Loans: 1

Total Amount : 21.5 cr

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Charges

Kotak Mahindra Bank Limited
Standard Chartered Bank
HDFC Bank Limited
HSBC BANK (MAURITIUS) LIMITED
Others

People

Designation Name DIN/PAN Tenure
Director Srinivasan Rangarajan 00043658 23 years
Managing Director Shrinivas Govindrao Shirgurkar
Shareholder
00173944 39 years
Managing Director Benedict Machado
Shareholder
00174074 39 years
Director Benne Gopal Rao Dwarakanath 00449073 2 years
Director Ramadas Puttige 01510873 2 years
Managing Director Thirumalaimuppur Ramesh 01790388 2 years
CS Rajesh Ramegowda . <HIDDEN> 4 years
Director Shuba Rao Mayya 08193276 4 years
Kmp Chakravarthy Venkata Vijaya Srinivas <HIDDEN> 1 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
INDIAN MACHINE TOOL MANUFACTURERS ASSOCIATION
Active
0.0 3 Maharashtra
STERLING ABRASIVES LIMITED
Active
90.0 L 1 Gujarat
IMTMA MACHINE TOOL INDUSTRY PARK
Active
0.0 2 Karnataka
RAS TRANSFORMATION TECHNOLOGIES PRIVATE LIMITED
Strike Off
1.0 L 1 Karnataka
BANGALORE INTERNATIONAL EXHIBITION SERVICES PRIVATE LIMITED
Strike Off
1.0 L 1 Karnataka
MURUGAPPA MORGAN THERMAL CERAMICS LTD
Active
2.9 Cr 1 Tamil Nadu
TTK PRESTIGE LIMITED
Active
13.9 Cr 1 Tamil Nadu
WENDT INDIA LIMITED
Active
2.0 Cr 1 Karnataka
AUTO CNC MACHINING LIMITED
Active
32.6 L 3 Karnataka
ACEMICROMATIC MANUFACTURING INTELLIGENCE TECHNOLOGIES PRIVATE LIMITED
Active
64.5 L 1 Karnataka
ACE MANUFACTURING SYSTEMS LIMITED
Amalgamated
76.4 L 6 Karnataka
PRAGATI TRANSMISSION PRIVATE LIMITED.
Active
50.0 L 2 Karnataka
MICROMATIC MACHINE TOOLS PRIVATE LTD
Active
67.6 L 4 Karnataka
ACE MULTI AXES SYSTEMS LIMITED
Active
27.0 L 2 Karnataka
TITAN MECHATRONICS LIMITED
Active
5.1 L 1 Tamil Nadu
AMS PRECISION PRODUCTS PRIVATE LIMITED
Active
79.0 L 1 Karnataka
AMS BHARGAVA MACHINING PRIVATE LIMITED
Active
87.0 L 1 Karnataka
SINAR SHEETMETAL SOLUTIONS PRIVATE LIMITED
Active
40.0 L 1 Karnataka
TAURUS PRIVATE LIMITED
Active
3.0 Cr 1 Karnataka
ACE MICROMATIC INTERNATIONAL PRIVATE LIMITED
Active
5.0 Cr 1 Karnataka
LE TRAVENUES TECHNOLOGY LIMITED
Active
37.5 Cr 1 Haryana
CONFIRM TICKET ONLINE SOLUTIONS PRIVATE LIMITED
Amalgamated
13.8 L 1 Haryana
HAPPIEST MINDS TECHNOLOGIES LIMITED
Active
30.5 Cr 1 Karnataka
STOVE KRAFT LIMITED
Active
33.1 Cr 1 Karnataka
LE TRAVENUES TECHNOLOGY LIMITED
Active
37.5 Cr 1 Haryana
AMACE SOLUTIONS PRIVATE LIMITED
Active
9.2 Cr 2 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
TAURUS PRIVATE LIMITED Karnataka 1984 ₹ 3.0 Cr
ACE MICROMATIC INTERNATIONAL PRIVATE LIMITED Karnataka 2019 ₹ 5.0 Cr
AMACE SOLUTIONS PRIVATE LIMITED Karnataka 2018 ₹ 9.2 Cr

Registered Details

CIN

U29199KA1986PLC007816

PAN

AABCA2364F

Incorporation

1986, 38.6 years

Company Email

rajesh_r@acedesigners.co.in

Paid up Capital

₹ 18.4 Cr

Authorised Capital

₹ 21.5 Cr

AGM

Aug 2024

Type

Public
Non-government Company

FAQ - ACE DESIGNERS LIMITED

What is the incorporation date of ACE DESIGNERS LIMITED?

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The incorporation date of ACE DESIGNERS LIMITED is 25 September, 1986

What is the authorized share capital of ACE DESIGNERS LIMITED?

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The authorized share capital of ACE DESIGNERS LIMITED is INR ₹ 21.5 Cr.

What is the paid-up capital of ACE DESIGNERS LIMITED?

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The paid-up capital of ACE DESIGNERS LIMITED is INR ₹ 18.4 Cr.

What is the registered address of ACE DESIGNERS LIMITED?

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The registered address of ACE DESIGNERS LIMITED is PLOT NO. 7 & 8, II PHASE,PEENYA INDUSTRIAL AREA, NA BANGALORE Karnataka - 560058

What is the CIN number of ACE DESIGNERS LIMITED?

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The CIN number of ACE DESIGNERS LIMITED is U29199KA1986PLC007816.

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