Ace Men Engg Works Limited (ACEMEN.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-84.1%

₹15.86

vs ₹100.00 price

Levered DCF

-₹21.93

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.25

Grey zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	722.69×	-1,178.57×	166.41×	728.32×	25.29×	44.87×	-98.53×	-1,391.16×
P/B	1.82×	6.37×	3.87×	5.17×	3.55×	3.36×	1.74×	2.09×
P/S	11.16×	326.37×	38.41×	2.57×	2.69×	16.73×	65,540.72×	0×
EV / EBITDA	342.33×	0×	100.74×	544.51×	20.31×	33×	146,931.1×	154,836.12×
Gross margin	3.9%	100.0%	100.0%	3.4%	14.3%	54.3%	100.0%	0.0%
Operating margin	2.6%	43.8%	60.3%	0.5%	12.7%	42.3%	-17045.5%	0.0%
Net margin	1.5%	-27.7%	22.8%	0.4%	10.7%	37.4%	-67424.2%	0.0%
Current ratio	1.42×	0.73×	0.04×	0.01×	0.01×	0.07×	5.04×	24.34×
Debt / equity	0.19×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	1.75×	10.61×	0×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.2%	-0.5%	2.3%	0.7%	14.1%	7.5%	-1.8%	-0.1%
Return on invested capital	0.3%	0.9%	4.7%	0.7%	13.5%	6.3%	-0.5%	-0.0%
Return on assets	0.2%	-0.5%	1.9%	0.4%	6.8%	6.9%	-1.8%	-0.1%
Free cash flow yield	-4.9%	-0.0%	0.1%	0.0%	0.0%	-0.1%	-0.3%	-0.6%
Earnings yield	0.1%	-0.1%	0.6%	0.1%	4.0%	2.2%	-1.0%	-0.1%
Enterprise value	₹1.3B	₹244.9M	₹149.3M	₹194.9M	₹133M	₹108.3M	₹51.6M	₹62.9M
Net debt / EBITDA	32.17×	0×	-0.17×	-0.84×	-0.04×	-0.07×	-955.65×	-1,258.83×
Cash conversion cycle (days)	716	14,521	3,198	-135	-326	-184	0	0