Ace Men Engg Works Ltd (539661)
📢 Recent Corporate Announcements
Ace Men Engg Works reported a consolidated revenue of Rs 3.99 Cr for the quarter ended June 30, 2026, entirely driven by its subsidiary, Manibhadra Industries Private Limited. The standalone entity continues to report zero revenue from operations, relying on minor 'Other Income' of Rs 1.55 lakhs. Consolidated net profit stood at Rs 21.05 lakhs, representing a thin net margin of approximately 5.2%. The company remains under significant governance risk with a promoter holding of only 0.61% and the non-appointment of a Company Secretary.
- Consolidated revenue from operations stood at Rs 399.37 lakhs for Q1 FY27.
- Consolidated net profit for the quarter was Rs 21.05 lakhs, compared to Rs 11.55 lakhs in the preceding quarter (Mar 2026).
- Standalone revenue from operations remained at Rs 0.00, consistent with the previous financial year.
- Subsidiary Manibhadra Industries contributed 100% of the group's operational revenue and profit.
- Consolidated Earnings Per Share (EPS) for the quarter was Rs 0.02.
Ace Men Engg Works reported a consolidated total income of Rs 4.05 Cr for the quarter ended June 30, 2026, a significant shift from its historical zero-revenue standalone performance. This growth is entirely driven by its subsidiary, Manibhadra Industries Private Limited, which contributed Rs 3.99 Cr in revenue and Rs 21.05 lakhs in net profit. On a standalone basis, the company continues to report zero operational revenue, relying on Rs 1.55 lakhs of other income. The consolidated EPS for the quarter stands at Rs 0.02, while promoter holding remains critically low at 0.61%.
- Consolidated Revenue from Operations reached Rs 399.37 lakhs in Q1 FY27.
- Consolidated Net Profit for the quarter stood at Rs 21.05 lakhs.
- Subsidiary Manibhadra Industries contributed 100% of the group's operational revenue (Rs 399.37 lakhs).
- Standalone revenue from operations remained at Rs 0.00 for the quarter.
- Consolidated EBITDA for the quarter was reported at Rs 39.40 lakhs.
Ace Men Engg Works Ltd has announced a board meeting on August 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company currently reports zero TTM revenue and a marginal TTM EPS of Rs 0.04. Investors should be aware of the extremely low promoter holding of 0.61% and previously noted governance risks, including the non-appointment of a Company Secretary. The meeting is a routine regulatory requirement for listed entities.
- Board meeting scheduled for August 13, 2026, to review Q1 FY27 results.
- Company reported Rs 0.0 Cr revenue for the trailing twelve months (TTM).
- Promoter holding remains critically low at 0.61% as of March 2026.
- Net worth of the company stands at Rs 67 Cr despite lack of operational revenue.
Financial Performance
Profitability Margins
The company reported a profit for the financial year ended March 31, 2025, though specific gross, operating, and net margin percentages were not disclosed in the provided snippets.
Credit Rating & Borrowing
The company maintains relationships with banks for growth and operations, but specific credit ratings and borrowing costs are not disclosed.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Growth Strategy
The company aims to maintain its position as a dominant player in the market through continuous growth, leveraging support from Joint Venture Partners and Banks. The strategy includes adherence to a Code of Conduct and Ethics and maintaining adequate internal control systems over financial reporting.
Products & Services
Engineering works and related services as per the company name 'Ace Men Engg Works Limited'.
Brand Portfolio
Ace Men Engg Works.
Market Share & Ranking
The company describes itself as a dominant player in its market.
Strategic Alliances
The company acknowledges the contribution of Joint Venture Partners in its growth and operations, though specific partner names are not listed.
External Factors
Industry Trends
The company is positioned within the engineering sector, focusing on maintaining dominance through stakeholder cooperation, though specific industry-wide growth rates are not provided.
Competitive Moat
The company leverages its status as a dominant player and its established relationships with Joint Venture Partners and Banks as a competitive advantage to ensure continuous growth.
Regulatory & Governance
Industry Regulations
Compliance is required with the Companies Act 2013, SEBI (LODR) Regulations 2015, and Secretarial Standards (SS-1, SS-2, SS-3). The company is currently addressing non-compliance regarding the appointment of a Company Secretary and ROC form filings.
Legal Contingencies
The company is in the process of paying penalties and annual listing fees with interest to BSE Limited. It is also in the process of filing outstanding forms with the Registrar of Companies (ROC).
Risk Analysis
Key Uncertainties
Governance risk is significant due to the non-appointment of a Company Secretary during the year. Regulatory risk exists regarding pending ROC filings and BSE fee payments, which may result in further penalties.
Geographic Concentration Risk
The company is registered in Ahmedabad, Gujarat, with 100% of its corporate and regulatory presence centered in this region.
Third Party Dependencies
High dependency on Joint Venture Partners and Banks for operational support and growth.
