Unicommerce eSolutions Ltd.

•

₹ 87.47-1.32%

2026-08-21

unicommerce.comBSE: 544227NSE: UNIECOM

Market Cap₹ 974 Cr.

Current Price₹ 89

High / Low₹ 156 / 79

Stock P/E45.9

Book Value₹ 18

Price to Book22.62

Dividend Yield0.00 %

ROCE35.5 %

ROE33.2 %

Face Value₹ 1

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Working capital cycle has improved - days down from 217 to -227
Company comfortably covers its interest (37.3x coverage)

CONS

Stock is trading at 22.6x its book value
Rich enterprise valuation - EV/EBITDA of 38.4x

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

Peer comparison

EDIT COLUMNS

Information TechnologyITIT - Software

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TCS	2287.00	16.62	827456.62	4.81	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1117.05	14.97	453305.21	4.30	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1322.50	20.60	358882.21	4.08	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	179.50	13.45	177780.78	6.13	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1582.20	30.20	155076.76	3.22	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4535.00	25.72	134517.77	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11720.00	29.90	102061.42	3.41	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5510.00	45.20	86920.25	0.73	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1815.00	45.76	80390.07	0.87	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2420.00	24.18	46192.17	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3538.70	28.44	37537.66	1.64	357.10	12.97	2940.10	11.47	27.70	18.65
12.	UNIECOM	86.71	45.87	974.44	0.00	4.67	20.18	51.37	14.33	35.51	10.65

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26	27	27	29	33	45	45	51	56	52	51
	21	23	23	24	24	37	37	42	45	45	48
Operating Profit	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	1	2	1	2	1	1	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	4	4	2	2	2	2
	5	4	5	6	9	5	5	8	10	6	5
Tax %	25.72%	24.21%	25.95%	25.58%	26.52%	30.21%	24.61%	25.80%	25.58%	42.47%	-2.43%
Net Profit	0	0	0	0	6	3	4	6	7	3	5
	0	0	0	0	1	0	0	1	1	0	0
Equity Capital	6	6	6	10	10	10	10	11	11	11	11
Reserves	59	63	67	0	0	0	65	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	6	6	6	10	10	10	10	11	11	11	11
Reserves	59	63	67	0	0	0	65	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2023

: 26
: 21
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 1
: 5
Tax %: 25.72%
Net Profit: 0
: 0
Equity Capital: 6
Reserves: 59
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 59
Promoter Pledge %: 0.00%

Mar 2024

: 27
: 23
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: 4
Tax %: 24.21%
Net Profit: 0
: 0
Equity Capital: 6
Reserves: 63
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 63
Promoter Pledge %: 0.00%

Jun 2024

: 27
: 23
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 1
: 5
Tax %: 25.95%
Net Profit: 0
: 0
Equity Capital: 6
Reserves: 67
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 67
Promoter Pledge %: 0.00%

Sep 2024

: 29
: 24
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: 6
Tax %: 25.58%
Net Profit: 0
: 0
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 33
: 24
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 1
: 9
Tax %: 26.52%
Net Profit: 6
: 1
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 45
: 37
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 4
: 5
Tax %: 30.21%
Net Profit: 3
: 0
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 45
: 37
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 4
: 5
Tax %: 24.61%
Net Profit: 4
: 0
Equity Capital: 10
Reserves: 65
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 65
Promoter Pledge %: 0.00%

Sep 2025

: 51
: 42
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 2
: 8
Tax %: 25.80%
Net Profit: 6
: 1
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 56
: 45
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 2
: 10
Tax %: 25.58%
Net Profit: 7
: 1
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 52
: 45
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 2
: 6
Tax %: 42.47%
Net Profit: 3
: 0
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 51
: 48
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 2
: 5
Tax %: -2.43%
Net Profit: 5
: 0
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	104	135	211
	89	108	181
Operating Profit	20	32	—
OPM %	20	24	—
Other Income	6	5	5
Interest	0	1	1
Depreciation	2	7	8
	17	24	28
Tax %	25	27	25
Net Profit	13	18	21
EPS	2	2	—
Dividend Payout %	0	0	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	2	2	—
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	2	2	—

Mar 2024

: 104
: 89
Operating Profit: 20
OPM %: 20
Other Income: 6
Interest: 0
Depreciation: 2
: 17
Tax %: 25
Net Profit: 13
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 135
: 108
Operating Profit: 32
OPM %: 24
Other Income: 5
Interest: 1
Depreciation: 7
: 24
Tax %: 27
Net Profit: 18
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

TTM

: 211
: 181
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 8
: 28
Tax %: 25
Net Profit: 21
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -39%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
LIABILITIES	-	-
Equity Capital	6	10
	46	44
Trade Payables	7	20
	53	160
Total Liabilities	111	235
ASSETS	-	-
	8	161
	6	4
	13	14
Cash & Bank	1	3
	83	54
Total Assets	111	235
Total Debt	0	0
Net Working Capital	62	-84
Contingent Liabilities	0	0
Book Value per Share	8.82	5.27
Face Value	1.00	1.00
Total Debt	0	0
Net Working Capital	62	-84
Contingent Liabilities	0	0
Book Value per Share	8.82	5.27
Face Value	1.00	1.00

Mar 2024

Equity Capital: 6
: 46
Trade Payables: 7
: 53
Total Liabilities: 111
: 8
: 6
: 13
Cash & Bank: 1
: 83
Total Assets: 111
Total Debt: 0
Net Working Capital: 62
Contingent Liabilities: 0
Book Value per Share: 8.82
Face Value: 1.00
Total Debt: 0
Net Working Capital: 62
Contingent Liabilities: 0
Book Value per Share: 8.82
Face Value: 1.00

Mar 2025

Equity Capital: 10
: 44
Trade Payables: 20
: 160
Total Liabilities: 235
: 161
: 4
: 14
Cash & Bank: 3
: 54
Total Assets: 235
Total Debt: 0
Net Working Capital: -84
Contingent Liabilities: 0
Book Value per Share: 5.27
Face Value: 1.00
Total Debt: 0
Net Working Capital: -84
Contingent Liabilities: 0
Book Value per Share: 5.27
Face Value: 1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	6	28
Cash from Investing	-30	-22
Cash from Financing	-2	-5
	-25	1
Free Cash Flow	6	-136
OCF / Net Profit	0.47	1.59
Cumulative 5-Year FCF	0	0
OCF / Net Profit	0.47	1.59
Cumulative 5-Year FCF	0	0

Mar 2024

: 6
Cash from Investing: -30
Cash from Financing: -2
: -25
Free Cash Flow: 6
OCF / Net Profit: 0.47
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.47
Cumulative 5-Year FCF: 0

Mar 2025

: 28
Cash from Investing: -22
Cash from Financing: -5
: 1
Free Cash Flow: -136
OCF / Net Profit: 1.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.59
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
PER SHARE	-	-
EPS (₹)	2.23	1.71
Book Value (₹)	8.82	5.27
Dividend per Share (₹)	0.00	0.00
Cash EPS (₹)	2.64	2.40
PROFITABILITY	-	-
Operating Margin %	13.92%	19.71%
Net Margin %	12.66%	13.07%
ROE %	25.27%	33.15%
ROCE %	25.94%	35.51%
	11.78%	10.18%
EFFICIENCY	-	-
Debtor Days	47	36
Inventory Days	0	0
Payable Days	0	0
	47	36
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.00x	0.01x
Interest Coverage (x)	45.36x	37.31x
	3.01x	0.43x
GROWTH	-	-
Revenue Growth %	0.00%	30.13%
Operating Profit Growth %	0.00%	57.68%
Net Profit Growth %	0.00%	34.34%
	0.00%	-23.13%
VALUATION	-	-
P/E (x)	0.00x	69.59x
P/B (x)	0.00x	22.62x
Dividend Yield %	0.00%	0.00%
	0.23x	38.42x

Mar 2024

EPS (₹): 2.23
Book Value (₹): 8.82
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.64
Operating Margin %: 13.92%
Net Margin %: 12.66%
ROE %: 25.27%
ROCE %: 25.94%
: 11.78%
Debtor Days: 47
Inventory Days: 0
Payable Days: 0
: 47
Debt to Equity (x): 0.00x
Interest Coverage (x): 45.36x
: 3.01x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.23x

Mar 2025

EPS (₹): 1.71
Book Value (₹): 5.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.40
Operating Margin %: 19.71%
Net Margin %: 13.07%
ROE %: 33.15%
ROCE %: 35.51%
: 10.18%
Debtor Days: 36
Inventory Days: 0
Payable Days: 0
: 36
Debt to Equity (x): 0.01x
Interest Coverage (x): 37.31x
: 0.43x
Revenue Growth %: 30.13%
Operating Profit Growth %: 57.68%
Net Profit Growth %: 34.34%
: -23.13%
P/E (x): 69.59x
P/B (x): 22.62x
Dividend Yield %: 0.00%
: 38.42x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.42	39.42	39.19	39.19	36.34	36.02	36.02	36.02
	2.30	0.32	0.42	0.15	0.25	0.02	0.15	0.02
	10.28	8.07	7.51	6.12	5.68	5.47	3.83	2.38
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.99	52.20	52.88	54.53	57.73	58.50	60.01	61.59

Sep 2024

: 39.42
: 2.30
: 10.28
Government: 0.00
: 47.99

Dec 2024

: 39.42
: 0.32
: 8.07
Government: 0.00
: 52.20

Mar 2025

: 39.19
: 0.42
: 7.51
Government: 0.00
: 52.88

Jun 2025

: 39.19
: 0.15
: 6.12
Government: 0.00
: 54.53

Sep 2025

: 36.34
: 0.25
: 5.68
Government: 0.00
: 57.73

Dec 2025

: 36.02
: 0.02
: 5.47
Government: 0.00
: 58.50

Mar 2026

: 36.02
: 0.15
: 3.83
Government: 0.00
: 60.01

Jun 2026

: 36.02
: 0.02
: 2.38
Government: 0.00
: 61.59

Documents

Announcements

Press Release
2026-08-20 - Unicommerce Esolutions Limited has informed the Exchange regarding a press release dated August 20, 2026, titled "Urban Company & Unicommerce expand partnership to UAE & Saudi Arabia".
Copy of Newspaper Publication
2026-08-14 - Unicommerce Esolutions Limited has informed the Exchange about Copy of Newspaper Publication

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
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May 2026
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Apr 2026
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