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 ₹ 1,452 Cr.
 - Current Price ₹ 130
 - High / Low ₹ 220 / 96.0
 - Stock P/E 59.2
 - Book Value ₹ 8.98
 - Dividend Yield 0.00 %
 - ROCE 31.9 %
 - ROE 25.2 %
 - Face Value ₹ 1.00
 
Pros
- 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 14.5 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 | 83 | |
| Operating Profit | 3 | -4 | 4 | 5 | 7 | 14 | 27 | 31 | 
| OPM % | 10% | -14% | 9% | 9% | 7% | 14% | 23% | 27% | 
| 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 | 3 | 
| Profit before tax | 4 | -3 | 5 | 7 | 9 | 17 | 29 | 33 | 
| Tax % | 34% | 6% | 17% | 13% | 27% | 25% | 26% | |
| 3 | -4 | 4 | 6 | 6 | 13 | 22 | 25 | |
| EPS in Rs | 1,114.04 | -1,561.40 | 1,964.91 | 2,635.96 | 2,842.11 | 2.23 | 2.10 | 2.39 | 
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 29% | 
| 3 Years: | 24% | 
| TTM: | 8% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 50% | 
| 3 Years: | 50% | 
| TTM: | 76% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| 1 Year: | -33% | 
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 6 | 10 | 
| Reserves | 25 | 27 | 33 | 41 | 52 | 63 | 82 | 
| 0 | 0 | 0 | 0 | 0 | 8 | 7 | |
| 6 | 7 | 12 | 18 | 30 | 33 | 30 | |
| Total Liabilities | 32 | 34 | 46 | 59 | 82 | 109 | 130 | 
| 0 | 1 | 1 | 1 | 1 | 8 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 
| Investments | 0 | 4 | 0 | 0 | 6 | 6 | 72 | 
| 31 | 29 | 45 | 58 | 75 | 95 | 48 | |
| Total Assets | 32 | 34 | 46 | 59 | 82 | 109 | 130 | 
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
- 
        
          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            2m - Update under Regulation 30 of SEBI (LODR) Regulations, 2015
 - 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            13 Oct - Certificate under Reg 74(5): no demat requests received for quarter ended Sept 30, 2025.
 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Oct
 - 
        
          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            7 Oct - Gini & Jony adopts Unicommerce for multi-channel order and warehouse management, announced 7 Oct 2025.
 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 Sep
 
Concalls
- 
      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.