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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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** All rupee values in INR crores. Based on March 2024 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
State | Type | Address |
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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 |
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 |
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 |
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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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 |
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 |
The incorporation date of ACE DESIGNERS LIMITED is 25 September, 1986
The authorized share capital of ACE DESIGNERS LIMITED is INR ₹ 21.5 Cr.
The paid-up capital of ACE DESIGNERS LIMITED is INR ₹ 18.4 Cr.
The registered address of ACE DESIGNERS LIMITED is PLOT NO. 7 & 8, II PHASE,PEENYA INDUSTRIAL AREA, NA BANGALORE Karnataka - 560058
The CIN number of ACE DESIGNERS LIMITED is U29199KA1986PLC007816.