Oracle Financial Services Software logo

Oracle Financial Services Software

OFSS NSE

Key Fundamentals

MidcapSoftware ProductsInformation Technology
Market Cap
₹91,759 Cr
Volatility
Moderate
P/E Ratio
26.57
EBITDA
₹3,748 Cr
Return on Equity
33.72%
Debt to Equity
0
Book Value
₹898.55
EPS
₹269.28
52W High
₹12,540
52W Low
₹6,234.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

6
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.84%.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%
  • Company has been maintaining a healthy dividend payout of 107%

Weaknesses

2
  • Stock is trading at 11.6 times its book value
  • The company has delivered a poor sales growth of 9.01% over past five years.

Growth Rate

Revenue Growth
11.07% higher than 3Y
Net Income Growth
10.91% lower than 3Y
Cash Flow Change
19.98% lower than 3Y
ROE
18.48% lower than 3Y
ROCE
17.31% lower than 3Y
EBITDA Margin (Avg.)
-0.17% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

Oracle Financial Services Software has a market capitalisation of about ₹90,991 crore and trades at a P/E of 27.8x and a P/B of 12.14x. Its return on equity has been steady at 28-33% across 1, 3, 5 and 10-year periods, and it is almost debt free. TTM sales grew 29% and profits 42%, well above its 5-year sales CAGR of 9% and profit CAGR of 8%, so the open question is whether the recent jump can last against a record of modest long-term growth.

Bull Case 7
  • ROE has been high and steady: 28% over 10 years, 29% over 5 years, 30% over 3 years and 33% last year. This points to lasting capital efficiency and pricing power in banking software.
  • TTM sales growth of 29% and TTM profit growth of 42% are well above the 5-year CAGRs of 9% and 8%. Recent momentum has clearly picked up.
  • The dividend yield is about 3.66-3.71% and the payout ratio is 107%, which is high for an Indian IT company. Most earnings go back to shareholders.
  • The company is almost debt free and has reduced debt further. With a market cap of about ₹90,991 crore, the balance sheet carries little financial risk.
  • Profit has grown faster than sales over 3 years (13% vs 10%) and TTM (42% vs 29%). This suggests operating leverage and better margins.
  • Shareholder returns have been strong: the stock CAGR was 37% over 3 years and 26% over the last year.
  • At 27.8x, the P/E looks moderate next to 42% TTM profit growth, which gives a trailing PEG ratio below 1.
Bear Case 7
  • The stock trades at 12.14x book value, a steep premium that depends on the high ROE continuing.
  • Long-term sales growth has been weak: 9% over 5 years and only 6% over 10 years. The 29% TTM jump may be cyclical or lumpy rather than structural.
  • Profit growth over 5 years (8%) and 10 years (9%) is only single digit. That makes a P/E of 27.8x harder to justify if growth falls back to its historical trend.
  • A payout ratio of 107% means dividends are higher than current earnings. At this level, dividends could be cut or reserves could shrink, and little profit is kept back to fund growth.
  • The 10-year stock CAGR of 13% trails the 3-year CAGR of 37% by a wide margin. Recent gains may reflect a re-rating of the valuation rather than long-term business growth.
  • Revenue depends on large, lumpy banking software licence deals. After 42% TTM profit growth, the comparison base is high, which makes growth hard to repeat.
  • As a subsidiary of Oracle Corporation, the company's strategy, dividend policy and product roadmap are tied to its parent. Minority shareholders have limited influence, and the stock is exposed to currency and global banking IT-spending cycles.

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

AI News Digest

1d ago
Headwinds 5
  • Oracle force majeure triggers sell-off Sep 21

    OFSS fell more than 5% to ₹10,332, its lowest level since July 23, and lost 11% for the week, its worst week since January 2025. It was the top loser on the Nifty IT index, which fell only about 1%, after Oracle sent a force majeure notice on Project Jupiter to Blue Owl's developer unit.

  • $18B Jupiter loans trade distressed Sep 25

    About $18 billion of Project Jupiter loans are quoted at 89-91 cents on the dollar, which implies spreads of roughly 400-500 bps against about 250 bps at launch. Syndicate banks including Santander and Jefferies are holding more of the debt than they planned.

  • Parent's credit and leverage strain Sep 21

    S&P cut Oracle's rating from BBB to BBB-, one notch above junk. Oracle's debt is above $100 billion and its FY2026 free cash flow was negative $23.7 billion, which keeps a sentiment overhang on OFSS.

  • Project Jupiter delays pile up Sep 25

    The Energy Transfer gas pipeline was pushed back about 6 months to February 1, 2027, the air permit decision is due by November 23, 2026, and the 2,45 GW campus is expected to miss its 2028 target by about a year. Developers could lose $325 million a month from November 2026 if delays continue.

  • High beta amplifies parent news Sep 25

    OFSS has a 2.48x beta to the Nifty, so Oracle-specific news causes outsized swings, such as the 4-5% fall on September 25 while Nifty IT fell about 1%. There is also speculation that Oracle's roughly ₹70,000 Cr stake could be considered for divestment if financing pressure grows.

Positives 5
  • Blockbuster Q1 FY27 earnings Sep 25

    Q1 FY27 net profit rose 120.5% to ₹1,415.5 Cr and revenue grew 68.7% to ₹3,125.2 Cr. Operating margins widened to about 60%.

  • Strong outperformance versus Nifty IT Sep 25

    OFSS is up about 36% in 2026 while Nifty IT has fallen more than 26%. It has returned about 153-157% over three years and 122-129% over five years, against Nifty IT's -13.8% and -21.9%.

  • Debt-free with high returns Sep 25

    OFSS has no debt, a 32% ROE and a dividend yield of about 3.66%. It trades at a P/E of about 36x, which is supported by its profit growth.

  • No direct exposure to Jupiter Sep 25

    OFSS has no direct exposure to Oracle's AI data center projects. Its cash-generating software business could become more strategically valuable to Oracle.

  • Analyst support for Oracle parent Sep 21

    William Blair added Oracle to its conviction list this month and expects limited near-term impact on Oracle from the Jupiter delays.

Neutral 4
  • New MD and director appointments Sep 2

    OFSS issued a postal ballot to appoint Avadhut Ketkar as MD and Andrew Mark Morawski as Non-Executive Director. Voting opened on September 3, 2026.

  • Denies knowledge of debt talks Sep 22

    OFSS said it has no knowledge of Oracle's $18 billion data center debt negotiations and has no price-sensitive information to disclose. It also disclosed Oracle's force majeure notice on September 25 without giving any financial details.

  • ₹9.3 Cr tax penalty orders Sep 26

    OFSS received income tax penalty orders totalling ₹9.3 Cr for AY 2009-10 and 2011-12. It plans to appeal and says there is no financial impact.

  • Trading window closed for Q2FY27 Sep 30

    The insider trading window closed from October 1, 2026. It reopens 48 hours after the Q2FY27 results are announced.

TL;DR: OFSS's own business is very strong: Q1 FY27 profit rose 120% with about 60% operating margins, a debt-free balance sheet and 32% ROE, and the stock is up about 36% in 2026 while Nifty IT is down more than 26%. Short-term momentum has worsened, with an 11-12% weekly drop driven by risk spreading from the parent, including Oracle's force majeure on Project Jupiter, $18 billion of Jupiter loans trading at 89-91 cents, and a BBB- credit rating. OFSS has no direct exposure, but its 2.48x beta keeps it sensitive to Oracle news. Q2FY27 results and the November 23 air permit decision for Project Jupiter will show whether the stock can move independently of its parent again.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,462
1,444
1,824
1,642
1,741
1,674
1,715
1,716
1,852
1,789
1,966
2,065
3,125
Expenses
841
886
955
908
894
923
1,001
952
1,006
1,034
1,146
1,009
1,249
Operating Profit
622
558
868
734
847
751
714
765
846
755
820
1,056
1,876
OPM %
42%
39%
48%
45%
49%
45%
42%
45%
46%
42%
42%
51%
60%
Other Income
101
65
94
82
48
105
70
82
72
66
60
71
78
Interest
-3
8
9
14
5
8
-3
-9
-4
8
7
-8
1
Depreciation
18
19
19
18
18
18
17
17
18
16
16
15
15
PBT
707
596
934
785
873
829
770
839
905
797
857
1,120
1,939
Tax %
29%
30%
21%
29%
29%
30%
30%
23%
29%
32%
29%
25%
27%
Net Profit
501
417
741
560
617
578
541
644
642
546
610
842
1,416
EPS in Rs
57.92
48.2
85.51
64.62
71.12
66.6
62.35
74.13
73.87
62.82
70.06
96.71
163
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,905
4,131
4,427
4,527
4,959
4,861
4,984
5,221
5,698
6,373
6,847
7,672
8,945
Expenses
2,354
2,520
2,693
2,716
2,814
2,633
2,515
2,723
3,227
3,590
3,770
4,195
4,438
Operating Profit
1,551
1,612
1,734
1,811
2,145
2,229
2,469
2,499
2,471
2,782
3,076
3,477
4,508
OPM %
40%
39%
39%
40%
43%
46%
50%
48%
43%
44%
45%
45%
50%
Other Income
348
189
93
91
176
177
132
134
192
342
304
271
276
Interest
0
0
0
0
0
47
19
12
13
28
0
2
8
Depreciation
68
53
70
61
54
106
104
93
81
74
69
65
62
PBT
1,831
1,748
1,757
1,840
2,267
2,252
2,477
2,528
2,570
3,022
3,311
3,680
4,713
Tax %
35%
40%
33%
33%
39%
35%
29%
25%
30%
27%
28%
28%
—
Net Profit
1,192
1,049
1,185
1,237
1,386
1,462
1,762
1,889
1,806
2,219
2,380
2,639
3,413
EPS in Rs
141
124
139
145
162
170
205
219
209
256
274
303
392
Div. Payout %
472%
81%
122%
90%
0%
106%
98%
87%
108%
94%
97%
132%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
42
42
42
43
43
43
43
43
43
43
43
44
Reserves
3,402
4,632
3,222
4,665
4,894
6,527
6,806
7,057
7,416
7,816
8,319
7,783
Borrowings
0
0
0
0
0
115
70
83
69
43
46
32
Other Liabilities
2,825
1,011
2,756
1,225
1,192
1,236
1,234
1,409
1,590
1,848
1,659
2,017
Total Liabilities
6,269
5,685
6,020
5,933
6,128
7,920
8,153
8,592
9,119
9,749
10,067
9,876
Fixed Assets
911
865
870
837
864
963
884
871
847
805
796
782
CWIP
0
5
1
3
0
0
0
4
1
3
9
16
Investments
0
10
0
0
0
0
0
0
0
0
0
0
Other Assets
5,357
4,805
5,150
5,093
5,264
6,957
7,268
7,717
8,271
8,942
9,262
9,078
Total Assets
6,269
5,685
6,020
5,933
6,128
7,920
8,153
8,592
9,119
9,749
10,067
9,876
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,060
712
1,121
1,157
1,380
1,522
1,920
1,856
1,758
1,791
2,199
2,638
Investing
3,701
1,018
1,823
-1,313
220
-1,299
34
-138
267
1,611
-2,372
1,085
Financing
-4,690
-1,776
-931
-1,630
-1,250
-47
-1,590
-1,733
-1,665
-1,958
-2,096
-3,449
Net Cash Flow
72
-45
2,013
-1,785
350
175
363
-15
360
1,443
-2,269
274
Free Cash Flow
1,047
686
1,064
1,127
1,303
1,472
1,903
1,820
1,720
1,761
2,164
2,587
CFO/OP
116
88
106
98
109
103
107
102
99
93
109
105
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
56
73
59
81
70
69
59
65
69
76
63
64
Cash Conversion Cycle
56
73
59
81
70
69
59
65
69
76
63
64
Working Capital Days
-151
41
-112
41
32
40
36
37
39
48
45
37
ROCE %
30%
44%
46%
46%
47%
40%
37%
36%
35%
40%
41%
45%

Insights

Beta

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

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Shareholding Pattern

Others2.38%Promot.72.41%Public6.72%DIIs8.79%FIIs9.70%As ofJun 2026

Documents

Frequently Asked Questions about Oracle Financial Services Software

What does Oracle Financial Services Software Ltd do?
Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle ...
Where is Oracle Financial Services Software Ltd (OFSS) listed?
Oracle Financial Services Software Ltd trades as OFSS on the NSE and under code 532466 on the BSE.
Which sector does Oracle Financial Services Software Ltd belong to?
Oracle Financial Services Software Ltd is classified under the Information Technology sector, in the Software Products industry.
What is the market capitalisation of Oracle Financial Services Software Ltd?
Oracle Financial Services Software Ltd has a market capitalisation of ₹91,759 Cr, which places it in the Large Cap band.
What is the PE ratio of Oracle Financial Services Software Ltd?
Oracle Financial Services Software Ltd trades at a PE ratio of 26.57, on earnings per share of ₹269.28, against a book value of ₹898.55 per share.
What is the 52-week high and low of Oracle Financial Services Software Ltd?
Over the last 52 weeks Oracle Financial Services Software Ltd has traded between ₹6,234.5 and ₹12,540.
Does Oracle Financial Services Software Ltd pay dividends?
Oracle Financial Services Software Ltd has a dividend yield of 3.76%.
What is the Return on Equity (ROE) of Oracle Financial Services Software Ltd?
Oracle Financial Services Software Ltd reported a return on equity of 33.72%. Its debt-to-equity ratio is 0.00.

Company Information

Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle Financial Services Software Limited is a subsidiary of Oracle Global (Mauritius) Limited. [1]

Website oracle.com/financialservices
CEO Mr. S. Makarand Padalkar
Employees 8,045
Listed 2002-06-28
Face Value ₹ 5
Issued Size 8,70,16,901

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