Nucleus Software Exports Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Products: 84.5% • Software Projects & Services: 15.5%
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 27.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.5%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.04x)
CONS
- Recent results are weak - TTM profit is down 47.3% versus prior year
- A large part of profit comes from other income (42.8% of PBT)
- Operating margins have contracted to 14.3% from 30.1%
- Company has delivered a poor profit growth of -0.2% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2209.00 | 16.05 | 799235.53 | 4.98 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1035.00 | 13.87 | 420027.06 | 4.64 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1226.55 | 19.10 | 332844.59 | 4.40 | 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 | 1502.25 | 28.67 | 147240.59 | 3.39 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4403.10 | 24.97 | 130605.33 | 1.70 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 11623.00 | 29.66 | 101216.72 | 3.44 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5390.00 | 44.21 | 85027.25 | 0.74 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1846.90 | 46.57 | 81813.62 | 0.86 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2311.65 | 23.10 | 44125.99 | 2.68 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3360.55 | 27.01 | 35647.89 | 1.73 | 3571.00 | 1029.71 | 29401.00 | 1014.73 | 27.70 | 18.65 |
| NUCLEUS | 707.00 | 17.66 | 1861.20 | 1.77 | 23.87 | -32.19 | 210.43 | -3.35 | 17.57 | 3.78 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 207 | 205 | 204 | 210 | 195 | 202 | 206 | 229 | 218 | 214 | 220 | 225 | 210 | |
| 144 | 153 | 156 | 152 | 166 | 170 | 172 | 154 | 184 | 190 | 187 | 190 | 208 | |
| Operating Profit | 63 | 52 | 48 | 58 | 29 | 32 | 33 | 74 | 34 | 23 | 33 | 35 | 2 |
| OPM % | 30.26% | 25.31% | 23.34% | 27.69% | 14.81% | 15.68% | 16.14% | 32.54% | 15.61% | 10.96% | 15.10% | 15.55% | 1.16% |
| 13 | 12 | 12 | 14 | 15 | 19 | 16 | 17 | 18 | 16 | -4 | 12 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 5 | 5 |
| Profit before Tax | 72 | 60 | 56 | 68 | 40 | 47 | 45 | 88 | 48 | 35 | 25 | 42 | 30 |
| Tax % | 25.12% | 25.60% | 26.13% | 23.79% | 24.33% | 29.06% | 22.29% | 26.01% | 27.12% | 25.76% | 16.06% | 16.77% | 20.70% |
| Net Profit | 0 | 0 | 0 | 0 | 30 | 33 | 35 | 65 | 35 | 26 | 21 | 35 | 24 |
| 20.00 | 16.65 | 15.43 | 19.48 | 11.28 | 12.35 | 13.28 | 24.60 | 13.37 | 9.99 | 7.86 | 13.12 | 9.07 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 372 | 412 | 484 | 521 | 514 | 497 | 634 | 826 | 832 | 876 | 869 | |
| 319 | 353 | 407 | 427 | 388 | 460 | 478 | 606 | 666 | 750 | 775 | |
| Operating Profit | 53 | 59 | 77 | 94 | 126 | 37 | 157 | 220 | 167 | 126 | 94 |
| OPM % | 14.33% | 14.24% | 15.83% | 18.09% | 24.53% | 7.45% | 24.71% | 26.67% | 20.04% | 14.33% | 10.82% |
| 33 | 29 | 30 | 37 | 43 | 35 | 34 | 51 | 68 | 42 | 32 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 11 | 7 | 10 | 14 | 14 | 15 | 19 | 15 | 15 | 16 | 18 |
| Profit before Tax | 74 | 80 | 96 | 117 | 154 | 56 | 171 | 256 | 219 | 150 | 132 |
| Tax % | 10.90% | 21.68% | 22.59% | 23.80% | 23.31% | 26.29% | 25.30% | 25.10% | 25.59% | 22.11% | 19.95% |
| Net Profit | 66 | 63 | 75 | 89 | 118 | 41 | 128 | 192 | 163 | 117 | 105 |
| EPS | 20.43 | 20.47 | 25.67 | 30.64 | 40.62 | 14.28 | 47.73 | 71.57 | 61.91 | 44.34 | — |
| Dividend Payout % | 24.48% | 37.14% | 35.06% | 29.37% | 22.16% | 45.81% | 20.95% | 17.46% | 20.19% | 28.19% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 11%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 0%
- 3 Years:
- -3%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- 6%
- 3 Years:
- -12%
- 1 Year:
- -32%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 18%
- 3 Years:
- 21%
- 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 | 32 | 29 | 29 | 29 | 29 | 27 | 27 | 27 | 26 | 26 |
| 503 | 432 | 480 | 532 | 643 | 467 | 584 | 751 | 788 | 881 | |
| 0 | 1 | 0 | 5 | 3 | 1 | 4 | 2 | 1 | 5 | |
| Trade Payables | 35 | 54 | 12 | 15 | 13 | 14 | 12 | 16 | 13 | 18 |
| 89 | 119 | 156 | 177 | 197 | 228 | 247 | 318 | 325 | 335 | |
| Total Liabilities | 660 | 635 | 678 | 758 | 885 | 737 | 874 | 1,114 | 1,153 | 1,266 |
| 48 | 48 | 47 | 43 | 36 | 45 | 37 | 46 | 48 | 77 | |
| 441 | 387 | 424 | 489 | 635 | 480 | 525 | 649 | 641 | 644 | |
| 1 | 0 | 0 | 0 | 0 | 0 | 0 | 166 | 137 | 121 | |
| Cash & Bank | 62 | 70 | 83 | 88 | 45 | 56 | 51 | 74 | 123 | 123 |
| 108 | 130 | 123 | 138 | 169 | 156 | 260 | 180 | 204 | 301 | |
| Total Assets | 660 | 635 | 678 | 758 | 885 | 737 | 874 | 1,114 | 1,153 | 1,266 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 109 | 95 | 80 | 96 | 148 | 74 | 77 | 222 | 151 | 117 | |
| Cash from Investing | -77 | 61 | -28 | -29 | -126 | 159 | -13 | -197 | -21 | -53 |
| Cash from Financing | -1 | -135 | -26 | -34 | -13 | -213 | -23 | -30 | -126 | -36 |
| 17 | 3 | 2 | 12 | -24 | 3 | 14 | -5 | 4 | 28 |
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
2026-09-01 - Nucleus Software Exports Limited has informed the Exchange about INTIMATION REGARDING AMENDMENT TO THE POLICY ON CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING UNDER SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 2015
2026-08-17 - Nucleus Software Exports Limited has informed the Exchange regarding 'RSU's Updates
2026-08-17 - Nucleus Software Exports Limited has informed the Exchange regarding 'ESOP Updates'.
2026-08-14 - Nucleus Software Exports Limited has informed the Exchange regarding Nucleus Software Equity Incentive Trust Trust Deed
2026-08-12 - Nucleus Software Exports Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Stanbic IBTC Bank advances Transaction Banking capabilities through Nucleus Software s FinnAxia® 9.0 upgrade".
2026-08-06 - Nucleus Software Exports Limited has informed the Exchange regarding a press release dated August 06, 2026, titled "Nucleus Software and FPT Launch FinnOne Neo® 9.0 and FinnAxia® 9.0 at the First Nucleus Synapse Vietnam".
2026-08-03 - Nucleus Software Exports Limited has informed the Exchange about Transcript
2026-08-02 - Nucleus Software Exports Limited has informed the Exchange regarding Grant of 9,060 RSU convertible into equal number of Equity Shares of the Company of face value of Rs. 10/- each, under the Nucleus Software RSU Scheme 2026
2026-07-31 - Nucleus Software Exports Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for NUCLEUS
Loading news…
AI Stock Analyst
Nucleus Software Exports Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

