Dove Soft Ltd
Incorporated in August 2011, Dove
Soft Limited provides integrated cloud-communication solutions through SMS,
RCS, Voice, WhatsApp, Email, and other
digital channels.[1]
- Market Cap ₹ 244 Cr.
- Current Price ₹ 99.9
- High / Low ₹ 111 / 99.6
- Stock P/E 10.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.6 %
- ROE 29.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 104% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%
Cons
- Company has high debtors of 183 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Part of BSE SME IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 23 | 36 | 73 | 120 | 188 | 274 | |
| 20 | 33 | 66 | 105 | 163 | 241 | |
| Operating Profit | 2 | 2 | 7 | 15 | 24 | 33 |
| OPM % | 11% | 6% | 10% | 12% | 13% | 12% |
| 0 | 2 | 1 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 1 | 3 | 7 | 14 | 22 | 30 |
| Tax % | 22% | 25% | 30% | 25% | 25% | 23% |
| 1 | 2 | 5 | 10 | 17 | 23 | |
| EPS in Rs | 175.53 | 335.58 | 2.61 | 5.60 | 8.48 | 12.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 65% |
| 3 Years: | 55% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 104% |
| 3 Years: | 73% |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 32% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.04 | 0.07 | 18 | 18 | 19 | 19 |
| Reserves | 4 | 10 | 5 | 15 | 47 | 70 |
| 3 | 3 | 4 | 3 | 9 | 9 | |
| 7 | 11 | 21 | 49 | 34 | 66 | |
| Total Liabilities | 13 | 24 | 48 | 86 | 109 | 164 |
| 2 | 6 | 2 | 7 | 6 | 5 | |
| CWIP | 1 | 0 | 13 | 8 | 0 | 3 |
| Investments | 0 | 2 | 1 | 0 | 10 | 10 |
| 10 | 16 | 32 | 71 | 92 | 147 | |
| Total Assets | 13 | 24 | 48 | 86 | 109 | 164 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2 | 1 | 2 | 0 | -17 | 4 | |
| -1 | -5 | -10 | 0 | -3 | -3 | |
| -1 | 4 | 7 | -1 | 22 | -1 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 1 | 0 |
| Free Cash Flow | 1 | -0 | -8 | 1 | -14 | 0 |
| CFO/OP | 91% | 77% | 54% | 28% | -49% | 34% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 124 | 132 | 134 | 208 | 169 | 183 |
| Inventory Days | 0 | |||||
| Days Payable | ||||||
| Cash Conversion Cycle | 124 | 132 | 134 | 208 | 169 | 183 |
| Working Capital Days | 22 | 7 | 22 | 53 | 105 | 95 |
| ROCE % | 16% | 35% | 44% | 42% | 37% |
Business Overview:[1]
Dove Soft is an integrated cloud
communications provider operating
in the Communications Platform as a
Service (CPaaS) space. The company
enables enterprises and OTT platforms
to communicate with their customers
through multiple digital channels,
including SMS, RCS, Voice, Email,
WhatsApp, and other digital services.
It acts as an aggregator between telecom operators and clients, providing communication infrastructure and delivery capabilities.