Super Multibagger Returns of 850 Per cent in One Year: This Database Management Company Announced The Completion Of Two Key Acquisitions Of QeCAD Studio LLP and QeNomy Digital LLP
From its 52-week low of Rs 33.7 per share to today’s trading price of Rs 313.60 per share, the stock gave multibagger returns of 931 per cent.
On January 16, 2025, Ace Software Exports Limited announced the completion of two key acquisitions, marking a strategic expansion of its business portfolio. The company now holds 100 per cent partnership stakes in QeCAD Studio LLP and QeNomy Digital LLP, signaling a significant milestone in its growth journey. Below is an in-depth look at these acquisitions, their financial specifics, and strategic implications.
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QeCAD Studio LLP, established in 2023, specialises in delivering Architectural CAD, BIM, and rendering solutions globally. With a turnover of Rs 295.70 Lakhs for the financial year 2023-24, QeCAD serves an impressive clientele, including a Fortune 500 luxury home construction company in the United States. Ace Software acquired the remaining 60 per cent partnership stake in QeCAD for Rs 2,86,34,400, completing its ownership of the entity. The acquisition was financed through proceeds from the Rights Issue detailed in the Letter of Offer dated December 4, 2024.
QeNomy Digital LLP, formed in 2017, operates in the Information Technology industry. It provides services such as web/software development, mobile applications, digital marketing, and allied IT services. The firm operates through four distinct brands: QeRetail, QeClick, QeInbox, and CameraReadyArt, catering to a global clientele. The company turnover has seen consistent growth, reaching Rs 1328.83 Lakhs in FY 2024. Ace Software completed its acquisition of QeNomy by purchasing the remaining 60 per cent partnership stake for Rs 14,44,52,400.
Financial and Operational Highlights
- Total Investment: Ace Software paid Rs 17,30,86,800 for the two acquisitions.
- Promoter Details: Amit Mansukhlal Mehta, the promoter, holds a nominal 1 per cent interest in each LLP for formal registration purposes. However, the beneficial ownership resides entirely with Ace Software Exports Limited.
- Funding: The acquisitions were financed through proceeds from a Rights Issue.
Incorporated in 1994, Ace Software Exports Limited is mainly engaged in the business of creation of Database. The company provides Document Management, Digital Publishing and Data Conversion and Technological solutions to its clients.
Ace Software Exports Ltd currently has a market capitalisation of Rs 201 crore, with its stock priced at Rs 314. The stock has a 52-week high and low of Rs 346 and Rs 33.7, respectively. It trades at a price-to-earnings (P/E) ratio of 34.7x, whereas the industry price-to-earnings (P/E) ratio is 40.6x, indicating stock trading at a discount, with a book value of Rs 24.7. The stock price of the company has given super multibagger returns of 848 per cent returns in last one year. From its 52-week low of Rs 33.7 per share to today’s trading price of Rs 313.60 per share, the stock gave multibagger returns of 931 per cent.
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.