Unicommerce eSolutions Ltd
Incorporated in 2012, Unicommerce eSolutions Ltd manages e-commerce operations for brands, sellers, and logistics providers through its SaaS platform[1]
- Market Cap ₹ 1,432 Cr.
- Current Price ₹ 129
- High / Low ₹ 198 / 96.0
- Stock P/E 54.0
- Book Value ₹ 18.2
- Dividend Yield 0.00 %
- ROCE 31.9 %
- ROE 25.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 49.7% CAGR over last 5 years
- Company's working capital requirements have reduced from 104 days to 51.6 days
Cons
- Stock is trading at 7.06 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.85%
* 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 - Software Software Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 26 | 32 | 40 | 59 | 90 | 104 | 114 | 114 | |
| 23 | 36 | 36 | 54 | 84 | 89 | 87 | 81 | |
| Operating Profit | 3 | -4 | 4 | 5 | 7 | 14 | 27 | 34 |
| OPM % | 10% | -14% | 9% | 9% | 7% | 14% | 23% | 30% |
| 1 | 2 | 2 | 2 | 3 | 6 | 6 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 |
| Profit before tax | 4 | -3 | 5 | 7 | 9 | 17 | 29 | 36 |
| Tax % | 34% | 6% | 17% | 13% | 27% | 25% | 26% | |
| 3 | -4 | 4 | 6 | 6 | 13 | 22 | 27 | |
| EPS in Rs | 1,114.04 | -1,561.40 | 1,964.91 | 2,635.96 | 2,842.11 | 2.23 | 2.10 | 2.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 24% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 50% |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 6 | 10 | 11 |
| Reserves | 25 | 27 | 33 | 41 | 52 | 63 | 82 | 192 |
| 0 | 0 | 0 | 0 | 0 | 8 | 7 | 1 | |
| 6 | 7 | 12 | 18 | 30 | 33 | 30 | 37 | |
| Total Liabilities | 32 | 34 | 46 | 59 | 82 | 109 | 130 | 241 |
| 0 | 1 | 1 | 1 | 1 | 8 | 7 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 0 | 4 | 0 | 0 | 6 | 6 | 72 | 187 |
| 31 | 29 | 45 | 58 | 75 | 95 | 48 | 45 | |
| Total Assets | 32 | 34 | 46 | 59 | 82 | 109 | 130 | 241 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 2 | -4 | 10 | 8 | 15 | 6 | 29 | |
| 1 | -1 | -3 | -14 | 10 | -30 | -25 | |
| 0 | 0 | 0 | 0 | 0 | -2 | -3 | |
| Net Cash Flow | 3 | -4 | 7 | -6 | 25 | -25 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 43 | 84 | 55 | 48 | 47 | 40 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 32 | 43 | 84 | 55 | 48 | 47 | 40 |
| Working Capital Days | -15 | 12 | 7 | -23 | 68 | 191 | 52 |
| ROCE % | -12% | 18% | 19% | 19% | 28% | 32% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Nov - Himalaya Wellness partners with Unicommerce; Uniware deployed across 150+ stores, announced 28 Nov 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Nov - Q2 and H1 FY26 Earnings Conference Call-Transcript
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Nov - Raymond partners with Unicommerce to use Uniware for unified online orders, inventory, and returns (Nov 17, 2025)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Audio link of Q2 and H1 FY26 earnings conference call uploaded on 12 Nov 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Nov - Of Newspaper Publication for Audited (Standalone and Consolidated) Financial Results for the quarter and half year ended 30th September, 2025
Concalls
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Nov 2024Transcript PPT
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Sep 2024Transcript PPT
Business Overview:[1][2]
UESL is India’s largest eCommerce enablement SaaS platform in transaction processing by revenue. It streamlines eCommerce by automating brand and retailer operations. Unicommerce enables multi-warehouse management, automated inventory decisions, and omnichannel retail integration. The platform supports 11,860+ client facilities, including 8,900+ warehouses and 2,900+ omnichannel stores across India, the Middle East, and Southeast Asia.