Ksolves India Ltd
Incorporated in 2014, Ksolves India Ltd is involved in Other computer related activities including maintenance of websites of other
firms/ creation of multimedia presentations for other firms, etc.[1]
- Market Cap ₹ 708 Cr.
- Current Price ₹ 299
- High / Low ₹ 537 / 274
- Stock P/E 22.4
- Book Value ₹ 14.3
- Dividend Yield 5.19 %
- ROCE 157 %
- ROE 153 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 5.19%.
- Company has delivered good profit growth of 120% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 144%
- Company has been maintaining a healthy dividend payout of 57.6%
- Company's working capital requirements have reduced from 44.6 days to 23.0 days
Cons
- Stock is trading at 20.8 times its book value
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 2 | 2 | 3 | 5 | 8 | 24 | 45 | 77 | 108 | 137 | 148 | |
| 0 | 2 | 2 | 3 | 5 | 7 | 13 | 26 | 44 | 62 | 89 | 103 | |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 20 | 33 | 46 | 48 | 45 |
| OPM % | 12% | 4% | 4% | 6% | 13% | 45% | 43% | 43% | 43% | 35% | 31% | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 20 | 33 | 46 | 46 | 42 |
| Tax % | 32% | 40% | 40% | 27% | 24% | 25% | 24% | 25% | 25% | 25% | ||
| 0 | 0 | 0 | 0 | 0 | 1 | 8 | 15 | 25 | 34 | 35 | 32 | |
| EPS in Rs | 3.32 | 6.51 | 10.49 | 14.44 | 14.66 | 13.32 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 97% | 0% | 74% | 44% | 52% | 68% | 53% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 76% |
| 3 Years: | 45% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 120% |
| 3 Years: | 31% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 13% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | 135% |
| 5 Years: | 136% |
| 3 Years: | 144% |
| Last Year: | 153% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 1 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 4 | 11 | 12 | 10 | 22 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 1 | 3 | 7 | 12 | 16 | 21 | 20 | |
| Total Liabilities | 0 | 0 | 0 | 1 | 1 | 2 | 16 | 23 | 34 | 40 | 57 | 56 |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 | 15 | 22 | 33 | 37 | 48 | 48 | |
| Total Assets | 0 | 0 | 0 | 1 | 1 | 2 | 16 | 23 | 34 | 40 | 57 | 56 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 4 | 10 | 20 | 33 | 34 | ||||
| 0 | -0 | -1 | -0 | 1 | -0 | -2 | -8 | ||||
| 0 | -0 | 0 | 4 | -11 | -18 | -33 | -23 | ||||
| Net Cash Flow | 0 | -0 | 0 | 7 | -1 | 2 | -1 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 53 | 72 | 71 | 54 | 56 | |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 53 | 72 | 71 | 54 | 56 | |
| Working Capital Days | 0 | 2 | -13 | -14 | -17 | 57 | 69 | 62 | 49 | 23 | |
| ROCE % | 253% | 33% | 53% | 114% | 170% | 161% | 143% | 171% | 198% | 157% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
30 Oct - Dear Sir/Madam Please find attached herewith the certificate under Reg. 74 of SEBI (DP) Regulations, 2018. Thanks and Regards, Manisha Kide Company Secretary and Compliance …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Oct - Q2/H1 FY26 earnings call transcript; Q2 revenue Rs.39.67cr, EPS Rs.3.55; interim dividend Rs.5/share; net debt-free
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Oct - Dear Sir/Madam Please find attached herewith the copy of newspaper publication for results. Thanks and Regards, Manisha Kide Company Secretary and Compliance Officer
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Appointment Of Ernst & Young LLP (EY) As Investor Relations Agency
17 Oct - EY appointed as Ksolves India investor relations agency effective October 17, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Oct - Q2 & H1 FY26 earnings call held Oct 15, 2025; recording posted on YouTube and company website.
Annual reports
Concalls
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Mar 2024TranscriptPPT
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Feb 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
Business Overview:[1]
Ksolves is a CMMi Level 3 software development firm providing services
to organizations as engineering and
technology partners. Its expertise
includes high-end technologies like
Big Data, Machine Learning, Artificial
Intelligence, Salesforce®, Odoo, DevOps, Penetration Testing, etc. The company
has completed 150+ software development projects covering the entire project life cycle