This Database Management Company Secures Rs 2 Crore (USD 2,39,000) U.S. Order For EV App Development
With a market capitalisation of Rs 345 crore, the company has delivered a 1-year return of 86.8 per cent and a 3-year multibagger return of 1,318.68 per cent.
Ace Software Exports Limited has announced that its wholly-owned subsidiary, Ace Infoway Private Limited, has secured a significant contract from a leading EV Solutions Company based in the United States. The contract, valued at approximately Rs 2 crores (USD 239,000), involves the development of an EV Charging Application and Kiosk Interface Application. This international order is a testament to Ace Software's growing expertise in software development services, particularly in the burgeoning electric vehicle sector. The project is expected to be completed by March 2026. This development marks a strategic expansion for Ace Software Exports Limited, enhancing its portfolio in the international market and aligning with the global shift towards sustainable energy solutions.
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Ace Software Exports Limited, established in 1994, specializes in database creation and offers a range of services, including Document Management, Digital Publishing, and Data Conversion. The company is focused on providing technological solutions to its clients, leveraging its expertise in data management. With a market capitalization of Rs 345 crore, Ace Software has demonstrated robust growth, evidenced by its impressive 3-year return of 1318.68%. The company's strategic priorities include expanding its service offerings and enhancing its technological capabilities to cater to the evolving needs of its clients. This focus on innovation and service diversification positions Ace Software as a competitive player in the software export industry.
As of April 30, 2025, the stock price of Ace Software Exports Limited is Rs 269.55. The stock has touched a 52-week high of Rs 506 and a 52-week low of Rs 143.95. With a market capitalisation of Rs 345 crore, the company has delivered a 1-year return of 86.8 per cent and a 3-year multibagger return of 1,318.68 per cent. Its Price-Earnings (PE) Ratio stands at 57.03. Notably, prominent public shareholder Shankar Sharma holds a 3.60 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.