---
title: "Encore Software Ltd (933) — Share Price, Financials & Analysis"
symbol: "933"
company: "Encore Software Ltd"
canonical: "https://tapetide.com/stocks/933"
sector: "Information Technology"
industry: "IT - Software"
generated_at: "2026-10-13T11:54:32.530Z"
---

# Encore Software Ltd (933)

Canonical page: https://tapetide.com/stocks/933

## Company

- **Sector:** Information Technology
- **Industry:** IT - Software
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ncoretech.com

## About

Encore Software is engaged in developing software and hardware.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- Earnings include an other income of Rs.1.49 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 14% | -13% | -16% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.01 | 0.01 | 0 |
| Operating Profit | -0.01 | 0 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.01 | 0 |
| Other Income | 0.1 | 0.55 | 0.36 | 0 | 0.08 | 0.41 | 0.13 | 0.08 | 0.61 | 0.2 | 0.31 | 0.37 |
| Interest | 0.78 | 0.8 | 0.82 | 0.84 | 0.87 | 0.89 | 0.92 | 0.94 | 0.97 | 1 | 1.02 | 1.05 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.69 | -0.25 | -0.47 | -0.86 | -0.8 | -0.49 | -0.8 | -0.87 | -0.37 | -0.79 | -0.72 | -0.68 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.69 | -0.25 | -0.47 | -0.86 | -0.8 | -0.49 | -0.8 | -0.87 | -0.37 | -0.79 | -0.72 | -0.68 |
| EPS in Rs | -1.07 | -0.39 | -0.73 | -1.33 | -1.24 | -0.76 | -1.24 | -1.34 | -0.57 | -1.22 | -1.11 | -1.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.35 | 2.15 | 4.17 | 4.17 | 2.43 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 5.76 | 2.48 | 2.21 | 2.47 | 1.35 | 0.04 | 0.09 | 0.04 | 0.03 | 0.01 |
| Operating Profit | 2.59 | -0.33 | 1.96 | 1.7 | 1.08 | -0.04 | -0.09 | -0.04 | -0.03 | -0.01 |
| OPM % | 31.02 | -15.35 | 47 | 40.77 | 44.44 | — | — | — | — | — |
| Other Income | 0.16 | 0.43 | 0.06 | 0.09 | 1.38 | 0.83 | 0.51 | 1.05 | 1.23 | 1.49 |
| Interest | 2.22 | 1.82 | 2.04 | 2.2 | 2.4 | 2.67 | 3.02 | 3.32 | 3.72 | 4.04 |
| Depreciation | 0.15 | 0.05 | 0.03 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.38 | -1.77 | -0.05 | -0.43 | 0.05 | -1.88 | -2.6 | -2.31 | -2.52 | -2.56 |
| Tax % | 0 | 3.95 | 1300 | 132.56 | 760 | 0 | 0 | 0 | 0 | — |
| Net Profit | 0.38 | -1.84 | -0.71 | -1.01 | -0.34 | -1.88 | -2.6 | -2.31 | -2.52 | -2.56 |
| EPS in Rs | 0.59 | -3.08 | -2.24 | -2.47 | -1.16 | -2.91 | -4.02 | -3.57 | -3.89 | -3.95 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 |
| Reserves | -20.72 | -28.94 | -30.39 | -31.98 | -32.06 | -33.94 | -36.54 | -38.85 | -41.37 | -42.88 |
| Borrowings | 12.37 | 16.07 | 17.99 | 19.63 | 21.91 | 24.59 | 27.61 | 30.94 | 0.02 | 0.02 |
| Other Liabilities | 4.21 | 7.62 | 8.05 | 8.78 | 5.83 | 5.59 | 5.65 | 5.66 | 40.28 | 42.26 |
| Total Liabilities | 2.35 | 1.24 | 2.14 | 2.92 | 2.17 | 2.73 | 3.21 | 4.24 | 5.42 | 5.89 |
| Fixed Assets | 0.27 | 0.03 | 0.06 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 2.15 | 2.71 | 3.18 | 4.21 | 5.39 | 5.86 |
| Other Assets | 2.08 | 1.21 | 2.08 | 2.86 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Assets | 2.35 | 1.24 | 2.14 | 2.92 | 2.17 | 2.73 | 3.21 | 4.24 | 5.42 | 5.89 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.01 | -1.45 | -0.01 | 0.48 | 2.01 | -2.3 | -0.01 | 0 | 0 | 0.01 |
| Cash from Investing Activity | -0.41 | -0.03 | 0 | 0 | 0 | 0.13 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -0.55 | 1.23 | 0.14 | -0.04 | -0.56 | -0.12 | 0.01 | 0 | 0 | -0.01 |
| Net Cash Flow | 0.05 | -0.25 | 0.13 | 0.44 | 1.45 | -2.28 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0.56 | -1.49 | -0.03 | 0.43 | 1.98 | -2.3 | -0.01 | 0 | 0 | 0.01 |
| CFO/OP | -17 | -57 | -18 | 54 | 156 | -214 | 25 | 0 | 0 | -33 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 9.86 | 60.32 | 47.53 | 67.4 | 5.25 | 0 | — | — | — | — |
| Inventory Days | 2206.59 | 61.57 | — | — | — | — | — | — | — | — |
| Days Payable | 1045.23 | 228.67 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 1171.23 | -106.79 | 47.53 | 67.4 | 5.25 | 0 | — | — | — | — |
| Working Capital Days | -2170.27 | -104.91 | -3794.3 | -2101.59 | -2316.92 | -4147.18 | — | — | — | — |
| ROCE % | — | — | — | — | — | — | — | — | — | — |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 75.05 | Buy |
| EMA (10) | 75.8 | Buy |
| SMA (20) | 77.7 | Sell |
| EMA (20) | 78.55 | Sell |
| SMA (50) | 89.9 | Sell |
| EMA (50) | 90.62 | Sell |
| SMA (100) | 113.46 | Sell |
| EMA (100) | 108.29 | Sell |
| SMA (200) | 137.47 | Sell |
| EMA (200) | 137.34 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.73 | Neutral |
| MACD (12,26,9) | -4.5 | Buy |
| Stochastic (14,3,3) | 28.65 | Neutral |
| ADX (14) | 24.1 | Neutral |
| Williams %R (14) | -62.62 | Neutral |
| ATR (14) | 4.16 | High Volatility |
| ROC (12) | -10.32 | Sell |
| Stoch RSI (14) | 78.45 | Neutral |
| UO (7,14,28) | 59.93 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport//5317500319.pdf) |
| 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport//5317500317.pdf) |
| 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport//5317500316.pdf) |
| 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport//5317500315.pdf) |
| 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport//5317500314.pdf) |
| 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport//5317500310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:54:32.530Z.