CG-VAK Software & Exports Ltd.

•

cgvak.comBSE: -NSE: CGVAK

Market Cap₹ 73 Cr.

Current Price

High / Low₹ 164 / 127

Stock P/E8.8

Book Value₹ 139

Price to Book2.12

Dividend Yield0.69 %

ROCE23.0 %

ROE16.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2012 • Software Services: 96.9% • BPO Services: 3.1%

AI Sector View

AI GENERATED

Information Technology

Buy

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.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 30.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 22.3%
Company has delivered good sales growth of 18.6% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)

CONS

Recent results are weak - TTM profit is down 18.3% versus prior year
Operating margins have contracted to 24.5% from 35.5%
Growth is decelerating - 3Y profit CAGR (-0.0%) trails the 5Y trend (19.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	CGVAK	144.90	8.49	73.18	0.69	1.94	-31.14	18.00	-2.42	19.67	16.17

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	15	14	13	13	12	13	14	14	14	15	15	14	14
	10	10	10	11	10	10	10	11	10	10	11	12	11
Operating Profit	5	3	2	2	3	3	4	3	4	4	4	3	2
OPM %	31.50%	23.91%	17.89%	17.78%	21.01%	25.72%	26.39%	23.91%	27.78%	29.58%	29.66%	19.85%	18.01%
	0	0	1	0	0	0	0	0	0	1	0	-2	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	4	3	2	2	2	3	3	3	4	5	4	-0	3
Tax %	25.24%	24.84%	22.41%	30.22%	24.89%	24.52%	25.00%	27.33%	25.27%	25.55%	27.02%	-250.00%	25.17%
Net Profit	3	2	2	2	2	2	3	2	3	3	3	-0	2
	6.11	4.73	3.56	3.11	3.38	4.69	5.11	4.48	5.38	6.70	6.26	-0.28	3.71

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	10	12	14	20	23	30	38	55	54	54	58
	9	11	13	15	17	20	26	37	41	41	44
Operating Profit	1	1	2	5	6	10	13	18	13	13	14
OPM %	12.49%	8.04%	11.19%	24.93%	25.85%	32.92%	33.18%	32.14%	23.22%	24.47%	24.43%
	0	0	0	0	1	1	1	0	2	1	-1
Interest	0	0	0	0	1	0	1	1	1	1	1
Depreciation	0	0	0	0	1	1	1	2	2	2	1
Profit before Tax	1	1	2	5	5	9	12	16	12	12	11
Tax %	31.30%	30.31%	28.55%	28.31%	27.81%	24.07%	25.23%	25.76%	25.46%	25.55%	27.00%
Net Profit	1	0	1	3	4	7	9	12	9	9	8
EPS	0.00	0.00	0.00	0.00	7.39	13.59	17.67	23.14	17.51	17.66	—
Dividend Payout %	31.34%	64.80%	22.70%	10.98%	10.15%	7.36%	5.66%	4.32%	5.71%	5.66%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 19%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 25%
5 Years:: 19%
3 Years:: 0%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 22%
5 Years:: 27%
3 Years:: 22%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	5	5	5	5	5	5	5	5	5
	4	4	5	8	11	18	26	37	46	54
	0	0	0	1	3	2	6	3	3	2
	1	1	2	1	2	2	3	4	4	4
Total Liabilities	10	10	12	15	22	28	41	50	59	66
	2	2	2	3	7	6	27	27	26	34
	4	3	4	5	4	9	5	9	7	14
	0	0	0	0	0	0	0	0	9	7
Cash & Bank	1	2	4	5	5	6	2	3	13	7
	3	2	2	3	6	7	7	11	4	5
Total Assets	10	10	12	15	22	28	41	50	59	66

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	1	3	3	4	9	13	15	9	11
Cash from Investing	-0	0	-3	-2	-1	-4	-13	-6	-1	-16
Cash from Financing	-1	-0	-0	1	-2	-1	1	-4	-1	-2
	0	1	-1	1	-0	2	-1	1	6	-6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.87	53.87	53.87	53.87	53.87	53.87	53.87	53.87	53.87
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.13	46.13	46.13	46.13	46.13	46.13	46.13	46.13	46.05

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for CGVAK

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CG-VAK Software & Exports Ltd.

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Free 5nance Account

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

357.10

12.97

2940.10

11.47

27.70

18.65

CGVAK

144.90

8.49

73.18

0.69

1.94

-31.14

18.00

-2.42

19.67

16.17

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

Operating Profit

OPM %

31.50%

23.91%

17.89%

17.78%

21.01%

25.72%

26.39%

23.91%

27.78%

29.58%

29.66%

19.85%

18.01%

-2

Interest

Depreciation

Profit before Tax

-0

Tax %

25.24%

24.84%

22.41%

30.22%

24.89%

24.52%

25.00%

27.33%

25.27%

25.55%

27.02%

-250.00%

25.17%

Net Profit

-0

6.11

4.73

3.56

3.11

3.38

4.69

5.11

4.48

5.38

6.70

6.26

-0.28

3.71

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

Operating Profit

OPM %

12.49%

8.04%

11.19%

24.93%

25.85%

32.92%

33.18%

32.14%

23.22%

24.47%

24.43%

-1

Interest

Depreciation

Profit before Tax

Tax %

31.30%

30.31%

28.55%

28.31%

27.81%

24.07%

25.23%

25.76%

25.46%

25.55%

27.00%

Net Profit

EPS

0.00

7.39

13.59

17.67

23.14

17.51

17.66

—

Dividend Payout %

31.34%

64.80%

22.70%

10.98%

10.15%

7.36%

5.66%

4.32%

5.71%

5.66%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Total Liabilities

Cash & Bank

Total Assets

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-0

-3

-2

-1

-4

-13

-6

-1

-16

Cash from Financing

-1

-0

-2

-1

-4

-1

-2

-1

-0

-1

-6

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

53.87

FIIs

0.00

0.09

Government

0.00

46.13

46.05

CG-VAK Software & Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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CG-VAK Software & Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI