Fidel Softech Ltd.

•

fidelsoftech.comBSE: -NSE: FIDEL

Market Cap₹ 191 Cr.

Current Price

High / Low₹ 200 / 108

Stock P/E24.7

Book Value₹ 39

Price to Book3.32

Dividend Yield1.62 %

ROCE23.4 %

ROE19.2 %

Face Value₹ 10

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ABOUT

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%

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PROS

Company has delivered good profit growth of 21.9% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 25.6%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)
Company has been maintaining a healthy dividend payout of 33.3%
Company comfortably covers its interest (28.3x coverage)
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 39.0% versus prior year
A large part of profit comes from other income (35.8% of PBT)
Operating margins have contracted to 18.5% from 22.6%

* 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	2312.00	16.80	836501.83	4.76	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1128.00	15.11	457768.62	4.26	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1310.25	20.41	355557.97	4.12	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	176.60	13.23	174910.92	6.23	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1597.00	30.48	156527.36	3.19	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4516.00	25.61	133954.19	1.66	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12050.00	30.75	104935.17	3.32	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5624.00	46.13	88718.60	0.71	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1963.70	49.51	86987.61	0.80	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2457.05	24.55	46899.54	2.52	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3498.50	28.11	37111.23	1.66	357.10	12.97	2940.10	11.47	27.70	18.65
12.	FIDEL	139.05	14.42	191.20	1.62	3.18	-12.49	37.93	127.96	26.83	11.67

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
	9	10	10	11	12	14	14	14	15	12	13	9	11
	7	8	8	9	10	11	12	11	10	10	10	7	9
Operating Profit	2	2	2	2	3	3	2	4	4	2	3	2	2
OPM %	21.91%	18.95%	16.17%	16.28%	21.09%	21.49%	15.48%	26.44%	29.47%	14.17%	23.71%	22.39%	15.07%
	0	0	0	0	0	0	0	0	0	1	1	0	1
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	2	2	2	2	3	3	2	4	4	2	4	2	2
Tax %	26.76%	24.42%	24.58%	22.28%	24.64%	25.71%	24.79%	26.24%	26.12%	25.89%	25.54%	28.05%	25.69%
Net Profit	2	2	1	1	2	2	2	3	3	2	3	2	2
	1.14	1.20	0.98	1.09	1.53	1.73	1.30	2.17	2.41	1.20	1.99	1.16	1.27

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	22	26	26	33	40	55	49	45
	18	21	20	27	33	43	40	37
Operating Profit	5	4	6	7	7	12	9	8
OPM %	21.49%	16.96%	23.39%	20.00%	18.42%	21.16%	18.50%	18.82%
	0	0	1	1	1	1	4	2
Interest	0	0	0	0	0	0	0	0
Depreciation	1	0	0	0	0	0	0	0
Profit before Tax	4	5	6	7	8	12	13	10
Tax %	26.89%	24.84%	27.43%	24.65%	24.46%	25.39%	26.21%	26.18%
Net Profit	3	3	5	5	6	9	9	8
EPS	3.12	3.42	4.52	4.13	4.41	6.74	6.77	—
Dividend Payout %	0.00%	0.00%	0.00%	17.87%	24.96%	29.69%	33.25%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 14%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 22%
3 Years:: 20%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 13%
1 Year:: -36%

RETURN ON EQUITY

10 Years:: —
5 Years:: 24%
3 Years:: 20%
Last Year:: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	10	14	14	14	14
	7	10	5	19	24	31	38
	0	1	2	0	0	0	11
Trade Payables	1	1	1	1	2	2	1
	2	4	2	3	4	5	9
Total Liabilities	10	17	20	37	43	52	73
	1	0	0	0	0	0	2
	1	4	2	14	16	22	28
	0	0	0	0	12	16	12
Cash & Bank	3	2	3	4	4	8	8
	5	10	15	19	12	6	23
Total Assets	10	17	20	37	43	52	73

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	6	-1	3	3	9	11
Cash from Investing	-4	-4	2	-12	-0	-4	-23
Cash from Financing	-1	1	1	10	-1	-2	12
	1	-1	0	1	2	4	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	124.61	136.58	4.52	3.92	4.41	6.74	6.77
Book Value (₹)	271.84	408.43	14.73	23.56	27.27	32.91	37.67
Dividend per Share (₹)	0.00	0.00	0.00	0.70	1.10	2.00	2.25
Cash EPS (₹)	3.88	3.56	4.70	4.11	4.57	6.85	6.86
PROFITABILITY
Operating Margin %	23.40%	18.88%	25.53%	22.60%	18.41%	21.16%	18.50%
Net Margin %	14.07%	13.42%	17.35%	16.14%	15.11%	16.90%	18.99%
ROE %	45.84%	40.16%	36.23%	22.78%	17.34%	22.39%	19.17%
ROCE %	62.94%	51.95%	47.48%	29.75%	23.19%	30.13%	23.36%
	32.44%	26.27%	25.19%	19.05%	15.09%	19.35%	14.83%
EFFICIENCY
Debtor Days	35	36	61	85	99	94	105
Inventory Days	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0
	35	36	61	85	99	94	105
FINANCIAL HEALTH
Debt to Equity (x)	0.03x	0.07x	0.11x	0.00x	0.00x	0.00x	0.29x
Interest Coverage (x)	27.79x	40.00x	26.66x	58.01x	97.99x	251.30x	28.32x
	2.55x	1.79x	3.64x	9.28x	7.76x	8.63x	5.58x
GROWTH
Revenue Growth %	0.00%	14.92%	2.33%	26.82%	20.14%	36.70%	-10.60%
Operating Profit Growth %	0.00%	-7.29%	38.39%	12.29%	10.32%	51.68%	7.59%
Net Profit Growth %	0.00%	9.61%	32.32%	18.00%	12.49%	52.87%	0.44%
	0.00%	0.00%	0.00%	0.00%	12.49%	52.87%	0.44%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	25.43x	16.44x	18.47x
P/B (x)	0.00x	0.00x	0.00x	0.00x	4.11x	3.37x	3.32x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.98%	1.81%	1.80%
	0.00x	0.00x	0.00x	0.00x	18.09x	11.46x	13.13x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.78	72.78	72.78	72.97	72.97	72.98	73.05	73.06	73.06
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.22	27.22	27.22	27.03	27.03	27.02	26.95	26.93	26.93

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for FIDEL

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AI Stock Analyst

Fidel Softech Ltd.

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Name

TCS

2312.00

16.80

836501.83

4.76

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1128.00

15.11

457768.62

4.26

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1310.25

20.41

355557.97

4.12

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

176.60

13.23

174910.92

6.23

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1597.00

30.48

156527.36

3.19

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4516.00

25.61

133954.19

1.66

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

12050.00

30.75

104935.17

3.32

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5624.00

46.13

88718.60

0.71

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1963.70

49.51

86987.61

0.80

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2457.05

24.55

46899.54

2.52

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3498.50

28.11

37111.23

1.66

357.10

12.97

2940.10

11.47

27.70

18.65

FIDEL

139.05

14.42

191.20

1.62

3.18

-12.49

37.93

127.96

26.83

11.67

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 %

21.91%

18.95%

16.17%

16.28%

21.09%

21.49%

15.48%

26.44%

29.47%

14.17%

23.71%

22.39%

15.07%

Interest

Depreciation

Profit before Tax

Tax %

26.76%

24.42%

24.58%

22.28%

24.64%

25.71%

24.79%

26.24%

26.12%

25.89%

25.54%

28.05%

25.69%

Net Profit

1.14

1.20

0.98

1.09

1.53

1.73

1.30

2.17

2.41

1.20

1.99

1.16

1.27

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

OPM %

21.49%

16.96%

23.39%

20.00%

18.42%

21.16%

18.50%

18.82%

Interest

Depreciation

Profit before Tax

Tax %

26.89%

24.84%

27.43%

24.65%

24.46%

25.39%

26.21%

26.18%

Net Profit

EPS

3.12

3.42

4.52

4.13

4.41

6.74

6.77

—

Dividend Payout %

0.00%

17.87%

24.96%

29.69%

33.25%

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Trade Payables

Total Liabilities

Cash & Bank

Total Assets

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

Cash from Investing

-4

-12

-0

-4

-23

Cash from Financing

-1

-2

-1

-0

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

124.61

136.58

4.52

3.92

4.41

6.74

6.77

Book Value (₹)

271.84

408.43

14.73

23.56

27.27

32.91

37.67

Dividend per Share (₹)

0.00

0.70

1.10

2.00

2.25

Cash EPS (₹)

3.88

3.56

4.70

4.11

4.57

6.85

6.86

PROFITABILITY

Operating Margin %

23.40%

18.88%

25.53%

22.60%

18.41%

21.16%

18.50%

Net Margin %

14.07%

13.42%

17.35%

16.14%

15.11%

16.90%

18.99%

ROE %

45.84%

40.16%

36.23%

22.78%

17.34%

22.39%

19.17%

ROCE %

62.94%

51.95%

47.48%

29.75%

23.19%

30.13%

23.36%

32.44%

26.27%

25.19%

19.05%

15.09%

19.35%

14.83%

EFFICIENCY

Debtor Days

105

Inventory Days

Payable Days

105

FINANCIAL HEALTH

Debt to Equity (x)

0.03x

0.07x

0.11x

0.00x

0.29x

Interest Coverage (x)

27.79x

40.00x

26.66x

58.01x

97.99x

251.30x

28.32x

2.55x

1.79x

3.64x

9.28x

7.76x

8.63x

5.58x

GROWTH

Revenue Growth %

0.00%

14.92%

2.33%

26.82%

20.14%

36.70%

-10.60%

Operating Profit Growth %

0.00%

-7.29%

38.39%

12.29%

10.32%

51.68%

7.59%

Net Profit Growth %

0.00%

9.61%

32.32%

18.00%

12.49%

52.87%

0.44%

0.00%

12.49%

52.87%

0.44%

VALUATION

P/E (x)

0.00x

25.43x

16.44x

18.47x

P/B (x)

0.00x

4.11x

3.37x

3.32x

Dividend Yield %

0.00%

0.98%

1.81%

1.80%

0.00x

18.09x

11.46x

13.13x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.78

72.97

72.98

73.05

73.06

0.00

0.01

DIIs

0.00

Government

0.00

27.22

27.03

27.02

26.95

26.93

Fidel Softech 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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Fidel Softech 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