Ace Men Engg Works Ltd share Price Today

Ace Men Engg Works Limited is a trading sector company, having its market capitalization worth Rs.17.04 crores as of 12th May 2021. The company was incorporated in 1980. The company has reported its consolidated quarterly net sales of Rs.0.29 crores as of the quarter ended December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 539661 and is not yet listed on the National Stock Exchange (NSE). The share price today, as of 12th May 2021, stands at Rs. 55 on BSE. Ace Men Engg Works Limited was formerly known as Acumen Engineering Industries Limited. The company was incorporated in West Bengal with an aim to venture into dealing in the business of buying, selling, supplying, investing and trading of consumer and household goods. Subsequently, the company moved into dealing in shares, bonds debentures, obligations and securities guaranteed/ Issued by the Government of India, state or elsewhere. Besides these, the company engages in trading of sarees and electrical goods and is planning to venture into the trading of different merchandise products. The company trades in various sarees that range from plain to designer and from silk and cotton. The main objective here is catering to the growing industry. The company operates under the leadership of MD Sharwan Kumar Sarraf. Ace Men Engg Works Limited is a company with no debt and strong momentum. It was listed in 2016 in the list of 'XT' Group Securities. The net profit reported by the company for the quarter ended December 2020 stood at Rs. 0.11 crores and EPS for the same tenure was Rs. 0.36. The paid-up share capital of Ace Men Engg Works Limited is Rs. 31crores (as per the company's annual report for the financial year 2018-19). The company has a high PE ratio, but it is accompanied by a low ROE (Return on Equity). The company cannot generate a fair cash flow and has a low Piotroski score, which shows weak financials. The net sales of Ace Men Engg Works Limited stood at Rs. 0.29 crores as of the quarter ended December 2020. The EBITDA for the same period was Rs. 0.14.