---
title: "Ace Men Engg Works Ltd (539661) — Share Price, Financials & Analysis"
symbol: "539661"
company: "Ace Men Engg Works Ltd"
canonical: "https://tapetide.com/stocks/539661"
isin: "INE023R01018"
nse_symbol: "ACEMENENGGWORKSLTD"
bse_code: "539661"
sector: "Retail"
industry: "Distributors"
market_cap_cr: 151.07
generated_at: "2026-09-13T19:28:13.814Z"
---

# Ace Men Engg Works Ltd (539661)

Canonical page: https://tapetide.com/stocks/539661

## Company

- **NSE Symbol:** ACEMENENGGWORKSLTD
- **BSE Code:** 539661
- **ISIN:** INE023R01018
- **Sector:** Retail
- **Industry:** Distributors
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2016-08-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** acumenengg.co.in

## About

Ace Men Engg Works Ltd is a listed holding company whose operating business is conducted through wholly-owned Manibhadra Industries Pvt Ltd (MIPL), an Ahmedabad-based manufacturer/OEM of indoor and outdoor LED-lighting products.[1][2]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:40:59.030065Z.

- **Market Cap:** ₹151.07 Cr
- **Classification:** Microcap
- **P/E (reported):** 887.7
- **EPS (reported):** ₹0.39
- **Book Value:** ₹51.75
- **Price to Book:** 2.23
- **Dividend Yield:** 0%
- **ROE:** 0.04%
- **ROCE:** 0.17%
- **Debt to Equity:** 0.19
- **Revenue (yearly):** ₹10.87 Cr
- **Net Income:** ₹0.16 Cr
- **EBITDA:** ₹0.28 Cr
- **52-Week High:** ₹123.9
- **52-Week Low:** ₹84.4
- **RSI (14):** 53.92

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 89%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 68.66 | 9.89% |
| momentum | 84.48 | 13.19% |
| ownership | 50 | 26.37% |
| quality | 35.89 | 24.18% |
| valuation | 21.18 | 26.37% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Promoter holding is low: 0.61%
- Company has high debtors of 352 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -1.64% | 80.87% | 33.54% |
| ebitda margin growth | 33.33% | 157.58% | — | — |
| net income growth | 100% | — | — | — |
| revenue growth | -52.94% | 676.43% | — | — |
| roce | 44.44% | — | — | — |
| roe | 75% | — | — | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Sales | 2.36 | 8.51 | 3.99 |
| Expenses | 2.27 | 8.27 | 3.64 |
| Operating Profit | 0.09 | 0.24 | 0.35 |
| OPM % | 3.81 | 2.82 | 8.77 |
| Other Income | 0 | 0.03 | 0.05 |
| Interest | 0.05 | 0.11 | 0.11 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 0.04 | 0.16 | 0.29 |
| Tax % | 25 | 25 | 24.14 |
| Net Profit | 0.02 | 0.12 | 0.21 |
| EPS in Rs | 0.02 | 0.09 | 0.16 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 0 | 1.36 | 10.87 |
| Expenses | 0.01 | 1.39 | 10.58 |
| Operating Profit | -0.01 | -0.03 | 0.29 |
| OPM % | — | -2.21 | 2.67 |
| Other Income | 0.01 | 0.04 | 0.1 |
| Interest | 0 | 0 | 0.16 |
| Depreciation | 0 | 0.01 | 0 |
| Profit before tax | 0 | 0 | 0.23 |
| Tax % | — | — | 26.09 |
| Net Profit | 0 | 0 | 0.16 |
| EPS in Rs | 0 | 0 | 0.12 |
| Dividend Payout % | — | — | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 2.5 | 3.1 | 12.91 |
| Reserves | 0.39 | 0.29 | 53.92 |
| Borrowings | 0 | 0 | 12.64 |
| Other Liabilities | 1.1 | 0.01 | 6.03 |
| Total Liabilities | 3.99 | 3.4 | 85.5 |
| Fixed Assets | 0 | 0 | 54.92 |
| CWIP | 0 | 0 | 0 |
| Investments | 3.85 | 2.14 | 0.04 |
| Other Assets | 0.14 | 1.26 | 30.54 |
| Total Assets | 3.99 | 3.4 | 85.5 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 0.2 | -1.64 | -5.99 |
| Cash from Investing Activity | -0.09 | 1.61 | -0.01 |
| Cash from Financing Activity | -0.11 | 0.13 | 5.85 |
| Net Cash Flow | 0 | 0.09 | -0.15 |
| Free Cash Flow | 0.2 | -1.64 | -5.99 |
| CFO/OP | -2000 | 5467 | -2045 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | — | 147.61 | 351.57 |
| Inventory Days | — | 0 | 142.37 |
| Days Payable | — | — | 168.19 |
| Cash Conversion Cycle | — | 147.61 | 325.75 |
| Working Capital Days | — | 303.27 | 259.23 |
| ROCE % | — | 0 | — |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% | 0.61% | 0.61% | 0.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 84.44% | 84.44% | 84.44% | 84.44% | 81.19% | 77.59% | 77.52% | 78.94% | 79.37% | 92.39% | 92.41% | 92.45% |
| Others | 13.01% | 13.01% | 13.01% | 13.01% | 16.26% | 19.86% | 19.93% | 18.51% | 18.08% | 7% | 6.98% | 6.94% |
| No. of Shareholders | 1495 | 1167 | 1197 | 1185 | 1592 | 1489 | 1480 | 1507 | 1541 | 1562 | 1536 | 1730 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 5 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 116.53 | Sell |
| EMA (10) | 115.99 | Sell |
| SMA (20) | 117.45 | Sell |
| EMA (20) | 115.26 | Sell |
| SMA (50) | 107.53 | Buy |
| EMA (50) | 110.05 | Buy |
| SMA (100) | 102.22 | Buy |
| EMA (100) | 105.17 | Buy |
| SMA (200) | 100.23 | Buy |
| EMA (200) | 100.38 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.11 | Neutral |
| MACD (12,26,9) | 1.87 | Sell |
| Stochastic (14,3,3) | 23.61 | Neutral |
| ADX (14) | 14.25 | Neutral |
| Williams %R (14) | -84.88 | Buy |
| ATR (14) | 5.49 | High Volatility |
| ROC (12) | -5.48 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 39.94 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 February 2026 - Allotment of 13,93,200 shares at Rs311 each (Rs43.33Cr) on Feb 6, 2026, issued via preferential offer. | [Outcome of Board Meeting 6 February 2026 - Allotment of 13,93,200 shares at Rs311 each (Rs43.33Cr) on Feb 6, 2026, issued via preferential offer.](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_06022026195249_OBSCP_Outcome_of_BM_06_Feb_2026.pdf) |
| 30 January 2026 - Promoter Omega Bright bought 9,600 shares (Rs29,56,800) on Jan 29-30, 2026; stake 36.96%. | [Updates 30 January 2026 - Promoter Omega Bright bought 9,600 shares (Rs29,56,800) on Jan 29-30, 2026; stake 36.96%.](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_30012026173629_OBSCP_Disclosure_Reg_7__2__OBSC__30_Jan_2026.pdf) |
| 29 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/FY ending March 31, 2026. | [Closure of Trading Window 29 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/FY ending March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39e15955-cab6-45c5-9064-3f0a7ef9ca58.pdf) |
| 24 January 2026 - NSE granted in-principle approval for 1,694,400 preferential shares at Rs.311, aggregating Rs.52.70 crore (22 Jan 2026). | [General Updates 24 January 2026 - NSE granted in-principle approval for 1,694,400 preferential shares at Rs.311, aggregating Rs.52.70 crore (22 Jan 2026).](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_24012026124307_Disclosure_NSE_Approval_2401.pdf) |
| 22 January 2026 - Promoter Omega Bright bought 4,800 shares for ₹14,40,000 on 21 Jan 2026; holdings rose to 36.92%. | [Updates 22 January 2026 - Promoter Omega Bright bought 4,800 shares for ₹14,40,000 on 21 Jan 2026; holdings rose to 36.92%.](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_22012026154628_OBSCP_Disclosure_22Jan.pdf) |
| 21 January 2026 - Promoter Sanjeev Verma bought 4,000 shares (₹12,22,000) on 20–21 Jan 2026; trading window open. | [Updates 21 January 2026 - Promoter Sanjeev Verma bought 4,000 shares (₹12,22,000) on 20–21 Jan 2026; trading window open.](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_21012026170304_OBSCP_Disclosure_Acquisition_21Jan.pdf) |
| 20 Feb - Announcement u/r Regulation 30 SEBI (LODR), 2015 enclosed herewith. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Feb - Announcement u/r Regulation 30 SEBI (LODR), 2015 enclosed herewith.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a030bfc5-8f79-44f3-9891-2b92cbe7797d.pdf) |
| 18 Feb - Board approved unaudited Q3 and nine-month results for Dec 31, 2025; consolidated revenue Rs235.84 lakh, profit Rs2.35 lakh. | [Board Meeting Outcome for Board Meeting Outcome For Approval Of The Unaudited Financial Results Of The Company (Both Consolidated And Standalone) For The Third Quarter And Nine Months Period Ended December 31, 2025 18 Feb - Board approved unaudited Q3 and nine-month results for Dec 31, 2025; consolidated revenue Rs235.84 lakh, profit Rs2.35 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8188cb0-aa2e-4d41-a01b-99a1aabae208.pdf) |
| 15 Feb - Board meeting postponed; now scheduled for Feb 18, 2026 to consider items notified Feb 11. | [Board Meeting Intimation for Intimation For Postponement Of Board Meeting 15 Feb - Board meeting postponed; now scheduled for Feb 18, 2026 to consider items notified Feb 11.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04b5b554-b586-4dc1-9bae-b88cc0bc77b5.pdf) |
| 11 Feb - M/s S P A K appointed statutory auditor; Dheeraj K. Sahu appointed Company Secretary; effective Feb 11, 2026. | [Appointment of Company Secretary and Compliance Officer 11 Feb - M/s S P A K appointed statutory auditor; Dheeraj K. Sahu appointed Company Secretary; effective Feb 11, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1805b43-fec3-4bd4-833f-7e7ce12c14b1.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76896c55-ff22-45c0-941b-42236ed0bb0b.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=957ba1cd-1f0d-46dc-9616-84797a467847.pdf) |
| 2026-09-05 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64e260bc-632e-469a-bc7d-3b122aaefaf8.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e35cdc1-a53e-4a61-982a-6b30beb38783.pdf) |
| 2026-09-05 | [Notice Of The 46Th Annual General Meeting Scheduled On Wednesday September 30 2026 At 03:00 P.M.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33ed24dd-45f8-44b6-850f-2daa5036f167.pdf) |
| 2026-09-05 | [Dispatch Of Letter To Shareholders Whose E-Mail Addresses Are Not Registered With Company/ Registrar & Transfer Agent/ Depository Participants](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=400834ce-4fc0-4d53-aae1-fe2116dbefa0.pdf) |
| 2026-09-02 | [Board Meeting Intimation for Intimation Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4012539b-1d4f-45f8-993d-4a70e9792e83.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05b3ffc6-d6a8-4024-888d-8b6219afe08e.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Board Meeting Outcome For Approval Of The Unaudited Financial Results Of The Company (Both Consolidated And Standalone) For The First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c2be5ae-309b-4510-9458-de4926eac082.pdf) |
| 2026-08-10 | [Board Meeting Intimation for Consideration Of The Unaudited Financial Results (Both Standalone And Consolidated) Of The Company For The First Quarter Ended June 30 2026 And Any Other Business With The Permission Of The Chair.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94c693d9-dd7d-4a03-a5b9-066d3f4244f1.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Approval Of The Unaudited Financial Results Of The Company (Both Consolidated And Standalone) For The First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bddccbc-bb90-4f51-98c2-66f92752d90c.pdf) |
| 2026-06-01 | [Approval Of The Audited Financial Results (Both Consolidated And Standalone) Of The Company For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67129e4a-9be0-4b91-add5-4a88fcccad6e.pdf) |
| 2026-02-18 | [Approval Of Unaudited Financial Results Of The Company (Both Consolidated And Standalone) For The Third Quarter And Nine Month Ended December 31 2025;](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f1aea6c-00dd-456f-b6ca-d08db7fd6310.pdf) |
| 2025-11-14 | [Unaudited Financial Results Of The Company For The Quarter Ended September 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd4ef074-08ec-4b7e-9eed-eef20f7ea313.pdf) |
| 2025-08-14 | [Financial Results Of The Company For The Quarter Ended June 30 2025;](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a7d7539-5c55-4203-9c03-7983e3ca95b3.pdf) |
| 2025-02-19 | [Unaudited Financial Results Of The Company For The Third Quarter And Nine Month Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ad12795-0a55-4176-82ff-510b43a1ecac.pdf) |
| 2024-10-18 | [Financial Results For The Second Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=deb42752-cf0b-4b53-9eee-01997561518c.pdf) |
| 2024-08-03 | [Financial Results For The Quarter Ended On June 30,2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=112520be-c7a9-4e8b-91dc-e2dbca9d2398.pdf) |
| 2024-06-25 | [FINANCIAL RESULT FOR THE 4TH QTR AND YEAR ENDED 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=148e4864-7257-460b-b86f-6d406da1327d.pdf) |
| 2024-02-20 | [Results - December 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d3fb8ba-c411-4b4b-84fc-0c4d038f24d2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_11112025205927_OBSCP_Investor_Presentation_Nov2025.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/OBSCP_27112024131716_OBSCP_Letter_Investor_Presentation.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_21052025145546_Transcript_of_Investor_Conference_Call_19_May_2025.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/OBSCPERFECTION_24082025144645_OBSCP_Intimation_Presentation_24Aug.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28480_OBSCP_2024_2025_A_23600648_04092025194441.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33b4439d-61c9-4848-a6c0-786eb49bf070.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f6a87de-a6e7-4294-b0ca-8c4efa8d6e72.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01fb4da4-5313-4428-bd93-d77a8c31dc27.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cadc2d50-b2c7-4af8-9bd3-91c36102b11e.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539661/70720539661.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539661/66410539661.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539661/5396610319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539661/5396610318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539661/5396610317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:28:13.814Z.