Birlasoft Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Manufacturing: 37.9% • Banking, Financial Services, and Insurance (BFSI): 24.4% • Life Science & Services: 20.4%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 24.8%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 51.3% YoY, showing strong momentum
- Operating margins have improved to 14.6% from 11.3%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.08x)
CONS
- Receivables are growing faster than sales - a possible quality concern
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2202.00 | 16.00 | 796702.87 | 5.00 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1038.20 | 13.91 | 421325.69 | 4.62 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1207.00 | 18.80 | 327539.38 | 4.47 | 4626.00 | 20.34 | 34579.00 | 13.94 | 31.20 | 19.87 |
| WIPRO | 167.50 | 12.55 | 165902.38 | 6.57 | 3356.30 | 0.59 | 24478.60 | 10.59 | 18.49 | 18.93 |
| TECHM | 1539.50 | 29.38 | 150891.59 | 3.31 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4301.15 | 24.39 | 127581.28 | 1.74 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 11760.00 | 30.01 | 102409.76 | 3.40 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5537.45 | 45.42 | 87353.27 | 0.72 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1847.40 | 46.58 | 81835.77 | 0.86 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2294.10 | 22.92 | 43790.98 | 2.70 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3334.95 | 26.80 | 35379.24 | 1.74 | 3571.00 | 1029.71 | 29401.00 | 1014.73 | 27.70 | 18.65 |
| BSOFT | 281.65 | 13.75 | 7876.82 | 2.31 | 161.00 | 51.26 | 1379.40 | 7.35 | 21.28 | 16.15 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,263 | 1,310 | 1,343 | 1,363 | 1,327 | 1,368 | 1,363 | 1,317 | 1,285 | 1,329 | 1,348 | 1,349 | 1,379 | |
| 1,070 | 1,103 | 1,129 | 1,141 | 1,132 | 1,203 | 1,199 | 1,143 | 1,126 | 1,116 | 1,103 | 1,099 | 1,180 | |
| Operating Profit | 193 | 207 | 214 | 222 | 195 | 165 | 163 | 174 | 159 | 213 | 245 | 249 | 199 |
| OPM % | 15.29% | 15.81% | 15.96% | 16.27% | 14.70% | 12.09% | 11.99% | 13.18% | 12.36% | 16.05% | 18.17% | 18.48% | 14.44% |
| 14 | 16 | 28 | 46 | 35 | 33 | 21 | 20 | 33 | 22 | -27 | -4 | 29 | |
| Interest | 4 | 6 | 6 | 4 | 4 | 7 | 7 | 6 | 5 | 5 | 6 | 4 | 4 |
| Depreciation | 21 | 22 | 21 | 21 | 21 | 22 | 21 | 22 | 21 | 20 | 20 | 19 | 19 |
| Profit before Tax | 182 | 196 | 215 | 242 | 205 | 170 | 156 | 166 | 166 | 210 | 192 | 222 | 228 |
| Tax % | 24.25% | 25.80% | 25.24% | 25.65% | 26.68% | 24.86% | 25.03% | 26.58% | 35.95% | 44.72% | 37.48% | 20.85% | 29.44% |
| Net Profit | 0 | 0 | 0 | 0 | 150 | 128 | 117 | 122 | 106 | 116 | 120 | 176 | 161 |
| 4.97 | 5.24 | 5.82 | 6.48 | 5.41 | 4.59 | 4.20 | 4.38 | 3.81 | 4.16 | 4.28 | 6.27 | 5.72 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,320 | 2,250 | 2,551 | 3,291 | 3,556 | 4,130 | 4,795 | 5,278 | 5,375 | 5,310 | 5,404 | |
| 3,005 | 1,967 | 2,244 | 2,901 | 3,038 | 3,491 | 4,274 | 4,575 | 4,697 | 4,536 | 4,498 | |
| Operating Profit | 315 | 283 | 306 | 390 | 518 | 639 | 520 | 704 | 678 | 774 | 906 |
| OPM % | 9.50% | 12.59% | 12.01% | 11.86% | 14.57% | 15.48% | 10.85% | 13.33% | 12.62% | 14.57% | 16.77% |
| 80 | 24 | 44 | 45 | 30 | 67 | 23 | 236 | 128 | 116 | 20 | |
| Interest | 14 | 8 | 11 | 16 | 13 | 13 | 19 | 20 | 23 | 20 | 19 |
| Depreciation | 83 | 40 | 50 | 83 | 80 | 77 | 82 | 85 | 86 | 80 | 79 |
| Profit before Tax | 299 | 259 | 289 | 336 | 455 | 617 | 442 | 835 | 697 | 790 | 852 |
| Tax % | 20.25% | 26.14% | 18.64% | 33.27% | 29.46% | 24.81% | 25.05% | 25.28% | 25.84% | 34.40% | 32.77% |
| Net Profit | 239 | 191 | 235 | 224 | 321 | 464 | 332 | 624 | 517 | 518 | 573 |
| EPS | 11.93 | 12.69 | 13.38 | 8.06 | 11.29 | 16.43 | 11.92 | 22.61 | 18.60 | 18.55 | — |
| Dividend Payout % | 17.36% | 17.99% | 18.94% | 24.67% | 30.25% | 27.13% | 29.01% | 28.75% | 34.95% | 35.05% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- 8%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 6%
- 5 Years:
- 10%
- 3 Years:
- 16%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- -7%
- 3 Years:
- -17%
- 1 Year:
- -25%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 17%
- 3 Years:
- 18%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 55 | 55 | 55 | 56 | 55 | 55 | 56 | 56 |
| Minority Interest | 2 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,528 | 1,759 | 1,623 | 1,823 | 2,104 | 2,505 | 2,354 | 2,898 | 3,319 | 3,991 | |
| 334 | 293 | 44 | 114 | 100 | 91 | 71 | 64 | 123 | 113 | |
| Trade Payables | 131 | 159 | 215 | 190 | 132 | 210 | 231 | 281 | 235 | 255 |
| 400 | 387 | 418 | 385 | 515 | 430 | 359 | 523 | 629 | 737 | |
| Total Liabilities | 2,432 | 2,638 | 2,354 | 2,567 | 2,906 | 3,291 | 3,070 | 3,821 | 4,362 | 5,152 |
| 671 | 829 | 588 | 751 | 698 | 725 | 736 | 697 | 744 | 834 | |
| Capital Work in Progress | 74 | 7 | 0 | 2 | 7 | 2 | 6 | 12 | 5 | 2 |
| 79 | 129 | 191 | 33 | 571 | 840 | 565 | 1,320 | 1,754 | 2,171 | |
| 43 | 24 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 5 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,037 | 980 | 1,213 | |
| Cash & Bank | 390 | 505 | 377 | 630 | 527 | 383 | 557 | 425 | 445 | 466 |
| 1,175 | 1,144 | 1,198 | 1,151 | 1,103 | 1,342 | 1,206 | 331 | 424 | 462 | |
| Total Assets | 2,432 | 2,638 | 2,354 | 2,567 | 2,906 | 3,291 | 3,070 | 3,821 | 4,362 | 5,152 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 230 | 466 | -34 | 390 | 624 | 459 | 692 | 718 | 588 | 481 | |
| Cash from Investing | -150 | -193 | 125 | -44 | -444 | -307 | 252 | -627 | -437 | -143 |
| Cash from Financing | 80 | -128 | -116 | -180 | -97 | -147 | -636 | -168 | -215 | -233 |
| 93 | 86 | -63 | 86 | 17 | -173 | 176 | -76 | -65 | 105 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - BIRLASOFT LIMITED has informed the Exchange regarding Cessation of Mr Ankur Vaish as Chief Strategy Officer and Senior Management Personnel of the company w.e.f. September 19, 2026.
2026-09-11 - Newspaper advertisement pertaining to loss of share certificates
2026-09-11 - BIRLASOFT LIMITED has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-27 - Allotment of Equity Shares under Birlasoft Share Incentive Plan-2022.
2026-08-27 - BIRLASOFT LIMITED has informed the Exchange about Action(s) taken or orders passed
2026-08-13 - BIRLASOFT LIMITED has informed the Exchange regarding a press release dated August 13, 2026, titled "Birlasoft Recognised as Enterprise Innovator by HFS Research for Application Modernization".
2026-08-10 - BIRLASOFT LIMITED has informed the Exchange about Schedule of meet
2026-08-10 - BIRLASOFT LIMITED has informed the Exchange about Schedule of meet
2026-08-05 - Newspaper Publication titled Reminder Notice with respect to Special Window for transfer and dematerialization of physical shares
News
Recent coverage and analyst commentary for BSOFT
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