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ESDS Software Solution

ESDS NSE
₹1,115.50 −58.40 (−4.97%)
P/E
85.81
View as Markdown
MCP
Close 6 Nov 2026 ₹1,115.50 since 4 Sep 2026 +207.10 +22.8%
Start ₹908.40

Key Fundamentals

Microcap

Price-based figures as of · TTM

ROCE
30.20%
Debt to Equity
0.18
EPS (TTM)
₹13.00
Book Value
₹109.63
Market Cap
—
P/E (TTM)
85.81
P/B
10.18
ROE
24.90%
Dividend Yield
0.00%
EBITDA
₹243 Cr
52W High
₹1,859.20
52W Low
₹756.00
Day Range
₹1,115.30 – ₹1,145.30
Volume
6,94,768

Peer Comparison

Information Technology › IT - Services › IT Enabled Services

ESDS Software Solution peer comparison
L&T Technology Services
4,259.7034.2145,3296.380.47%21.50%26.70%11,5651,322
Inventurus Knowledge Solutions
1,657.1037.2428,39710.160.00%31.40%31.50%3,347764
Tata Technologies
665.6548.5227,1307.051.74%16.30%20.90%5,926558
Affle 3i
1,580.0046.5422,3464.930.00%13.80%16.80%2,836478
Netweb Technologies
3,771.4082.2222,29910.660.07%32.80%37.50%2,702260
Sagility
43.4620.5020,2801.990.34%10.60%13.40%7,617994
ESDS Software Solution (this company)
1,115.5085.8113,10410.180.00%24.90%30.20%537134
Median 7 companies1,580.0046.5422,3467.050.07%21.50%26.70%3,347558

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has delivered good profit growth of 84.3% CAGR over last 5 years

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish6103
OscillatorsBullish243
Moving AveragesBearish460

Key readings

RSI (14)
40.75
Neutral
MACD (12,26,9)
−100.76
Bearish
SMA (50)
—
Neutral
SMA (200)
—
Neutral

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+22.37%
3Y+31.41%
1Y+30.75%

Net profit

Net profit growth by window
5Y+89.13%
3YTurned to profit
1Y+116.07%

Operating cash flow

Operating cash flow growth by window
5Y+94.62%
3Y+191.90%
1Y+739.26%

Operating margin· change in pp

Operating margin growth by window
5Y+13.53 pp
3Y+26.98 pp
1Y+6.64 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹172 Cr
Mar 2022₹195 Cr
Mar 2023₹208 Cr
Mar 2024₹287 Cr
Mar 2025₹361 Cr
Mar 2026₹472 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹5.00 Cr
Mar 2022−₹3.00 Cr
Mar 2023−₹22.00 Cr
Mar 2024₹14.00 Cr
Mar 2025₹56.00 Cr
Mar 2026₹121 Cr

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

ESDS Software Solution Ltd trades at ₹1,193.6 as of 2026-11-04 with a market cap of ₹14,544.71 crore and a trailing P/E of 91.82x. The company has delivered exceptional profit growth of 84% CAGR over five years on 22% sales CAGR, while maintaining a low debt-to-equity ratio of 0.18, though its valuation multiples remain elevated relative to earnings.

Bull Case 8
  • Exceptional profit growth with a 5-year compounded profit CAGR of 84% and a 3-year CAGR of 106%, indicating rapid scaling of earnings
  • TTM profit growth of 115% demonstrates that the earnings acceleration is continuing rather than tapering off
  • Revenue growth remains robust with a 3-year compounded sales CAGR of 32% and TTM sales growth of 31%, showing consistent top-line momentum
  • ROE has improved from a 5-year average of 12% to 25% in the last year, reflecting strengthening capital efficiency and improving return profile
  • ROCE stands at 28.26% as of 2026-11-04, indicating the company generates healthy returns on total capital employed
  • Debt-to-equity ratio of just 0.18 signals a conservatively financed balance sheet with minimal leverage risk, and the company has been actively reducing debt
  • The stock is currently 35.8% below its 52-week high of ₹1,859.2, which may represent a more favourable entry zone for those who view the growth trajectory as intact
  • 5-year compounded sales CAGR of 22% indicates a sustained structural demand trend for the company's cloud and managed services offerings over a meaningful period
Bear Case 8
  • Trailing P/E of 91.82x as of 2026-11-04 is extremely elevated, implying the stock prices in many years of flawless execution and leaves little room for earnings disappointment
  • Price-to-book ratio of 10.89x is steep, meaning investors pay a substantial premium over the company's book value per share
  • Zero dividend yield indicates no direct income return to shareholders; all returns depend entirely on capital appreciation
  • TTM EPS of ₹13 against a share price of ₹1,193.6 highlights the wide gap between current earnings power and market pricing
  • The stock has fallen 35.8% from its 52-week high of ₹1,859.2, suggesting possible momentum deterioration or market reassessment of growth expectations
  • Market cap of ₹14,544.71 crore on a TTM EPS of ₹13 implies a demanding valuation that requires sustained triple-digit profit growth to justify current levels
  • Profit growth far outpaces sales growth (84% vs 22% over five years), raising questions about whether margin expansion can continue at this pace or is nearing a ceiling
  • With a relatively small market cap of ₹14,544.71 crore, the stock may carry higher volatility risk, as evidenced by its wide 52-week range of ₹756 to ₹1,859.2 — a spread of nearly 146%

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago

TL;DR: ESDS is actively strengthening its leadership bench with a new CPO (AI/product focus) and CBO (business development), signaling investment in product innovation and revenue growth. No headwinds surfaced in recent news. A ₹33 crore large trade indicates institutional interest but lacks confirmed deal details. The trend appears constructive, with management moves pointing toward accelerated product and business expansion in the near term.

Positives 2
  • New CPO strengthens product leadership Nov 2

    Sushil Kadu appointed Chief Product Officer effective Nov 2, 2026, bringing 20+ years of experience and prior leadership of 70+ engineers building AI-driven platforms at Amdocs India. Will strengthen the Swaraj Platform and lead new product launches.

  • New CBO appointment approved Oct 14

    Shareholders approved appointment of Sameer Redij as Chief Business Officer via postal ballot, alongside revised remuneration for MD and Whole-Time Director.

Quarterly Results

₹ Cr
ESDS quarterly results, ₹ crore
Particulars Jun 2025Mar 2026Jun 2026
Sales
125
168
134
Expenses
72
65
78
Operating Profit
52
103
56
OPM %
42%
61%
42%
Other Income
1
3
2
Interest
4
3
3
Depreciation
15
17
18
PBT
35
85
36
Tax %
26%
21%
20%
Net Profit
26
68
29
EPS (₹)
2.56
6.71
2.92

Profit & Loss

₹ Cr
ESDS profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
172
195
208
287
361
472
Expenses
110
140
160
186
206
238
Operating Profit
62
55
47
101
155
234
OPM %
36%
28%
23%
35%
43%
50%
Other Income
2
3
0
6
15
8
Interest
18
18
26
32
25
12
Depreciation
37
43
49
53
62
63
PBT
9
−2
−28
22
83
167
Tax %
37%
24%
−19%
39%
33%
28%
Net Profit
5
−3
−22
14
56
121
EPS (₹)
10.51
−0.30
−2.42
1.35
5.54
11.98
Div. Payout %
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
ESDS balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
9
9
9
10
10
Reserves
181
197
201
217
408
534
Borrowings
116
215
179
259
127
96
Other Liabilities
158
102
111
63
112
1,298
Total Liabilities
460
523
501
548
656
1,938
Fixed Assets
211
306
208
322
353
388
CWIP
5
0
0
0
0
4
Investments
0
0
0
0
4
5
Other Assets
244
217
293
225
299
1,541
Total Assets
460
523
501
548
656
1,938

Cash Flow

₹ Cr
ESDS cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
49
16
55
57
163
1,368
Investing
−57
−69
−54
−1
−112
−130
Financing
22
74
−19
−71
7
−45
Net Cash Flow
14
21
−18
−15
58
1,193
Free Cash Flow
−7
−44
19
34
49
1,243
CFO/OP
71
47
131
49
108
594

Ratios

ESDS financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
99
183
100
154
145
128
Cash Conversion Cycle
99
183
100
154
145
128
Working Capital Days
−117
−61
50
108
84
−806
ROCE %
—
4%
1%
12%
21%
30%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view ESDS Software Solution insights

29 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 52.26%
  • Promoters 39.47%
  • DIIs 6.58%
  • FIIs 0.60%

No promoter shares pledged as of 14 Oct 2026

Change since Sep 2021

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about ESDS Software Solution

What does ESDS Software Solution Ltd do?
ESDS delivers India's enterprise cloud, GPU, data centre and AI infrastructure, built in India and governed by Indian law.
Where is ESDS Software Solution Ltd (ESDS) listed?
ESDS Software Solution Ltd trades as ESDS on the NSE and under code 544898 on the BSE.
Which sector does ESDS Software Solution Ltd belong to?
ESDS Software Solution Ltd is classified under the Information Technology sector, in the IT - Services industry.
What is the PE ratio of ESDS Software Solution Ltd?
ESDS Software Solution Ltd trades at a PE ratio of 85.81 as of 6 Nov 2026, on earnings per share of ₹13, against a book value of ₹109.63 per share.
What is the 52-week high and low of ESDS Software Solution Ltd?
Over the last 52 weeks ESDS Software Solution Ltd has traded between ₹756 and ₹1,859.2 as of 6 Nov 2026.
What is the Return on Equity (ROE) of ESDS Software Solution Ltd?
ESDS Software Solution Ltd reported a return on equity of 24.90%. Its debt-to-equity ratio is 0.18.

Company Information

ESDS delivers India's enterprise cloud, GPU, data centre and AI infrastructure, built in India and governed by Indian law.

Website esds.co.in
Listed 4 Sep 2026
Face Value ₹1

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