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 ₹ 754 Cr.
- Current Price ₹ 318
- High / Low ₹ 537 / 300
- Stock P/E 24.3
- Book Value ₹ 14.0
- Dividend Yield 4.87 %
- ROCE 157 %
- ROE 154 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 119% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 143%
- Company's working capital requirements have reduced from 44.2 days to 23.0 days
Cons
- Stock is trading at 22.7 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 10 | 28 | 47 | 78 | 109 | 137 | 148 | |
| 9 | 16 | 27 | 45 | 62 | 89 | 104 | |
| Operating Profit | 1 | 12 | 20 | 33 | 47 | 48 | 45 |
| OPM % | 12% | 43% | 43% | 42% | 43% | 35% | 30% |
| 0 | 0 | 1 | 1 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | 1 | 12 | 21 | 33 | 46 | 46 | 42 |
| Tax % | 24% | 25% | 24% | 25% | 26% | 25% | |
| 1 | 9 | 16 | 25 | 34 | 34 | 31 | |
| EPS in Rs | 3.72 | 6.70 | 10.43 | 14.41 | 14.47 | 13.08 | |
| Dividend Payout % | 0% | 66% | 43% | 53% | 68% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 43% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 119% |
| 3 Years: | 29% |
| TTM: | -15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 76% |
| 3 Years: | 11% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 136% |
| 3 Years: | 143% |
| Last Year: | 154% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 1 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 1 | 12 | 5 | 11 | 12 | 9 | 21 |
| 0 | 0 | 0 | 0 | 0 | 14 | 2 | |
| 1 | 4 | 7 | 12 | 16 | 21 | 20 | |
| Total Liabilities | 2 | 17 | 24 | 34 | 40 | 56 | 55 |
| 1 | 1 | 1 | 1 | 2 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 16 | 23 | 33 | 37 | 49 | 49 | |
| Total Assets | 2 | 17 | 24 | 34 | 40 | 56 | 55 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 5 | 10 | 21 | 33 | 34 | |
| -1 | -0 | 1 | -0 | -2 | -8 | |
| -0 | 3 | -12 | -19 | -33 | -23 | |
| Net Cash Flow | -0 | 8 | -1 | 2 | -1 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 47 | 72 | 71 | 54 | 56 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 47 | 72 | 71 | 54 | 56 |
| Working Capital Days | -19 | 49 | 69 | 61 | 49 | 23 |
| ROCE % | 165% | 140% | 170% | 199% | 157% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - 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