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 ₹ 995 Cr.
- Current Price ₹ 89.0
- High / Low ₹ 156 / 78.5
- Stock P/E 34.6
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 24.1 %
- ROE 18.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 45.1% CAGR over last 5 years
- Debtor days have improved from 35.9 to 21.1 days.
- Company's working capital requirements have reduced from 101 days to 61.5 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of BSE Information Technology
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 26 | 32 | 40 | 59 | 90 | 104 | 114 | 120 | |
| 23 | 36 | 36 | 54 | 84 | 89 | 87 | 82 | |
| Operating Profit | 3 | -4 | 4 | 5 | 7 | 14 | 27 | 38 |
| OPM % | 10% | -14% | 9% | 9% | 7% | 14% | 23% | 32% |
| 1 | 2 | 2 | 2 | 3 | 6 | 6 | 3 | |
| 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 | 39 |
| Tax % | 34% | 6% | 17% | 13% | 27% | 25% | 26% | 26% |
| 3 | -4 | 4 | 6 | 6 | 13 | 22 | 29 | |
| EPS in Rs | 1,114.04 | -1,561.40 | 1,964.91 | 2,635.96 | 2,842.11 | 2.23 | 2.10 | 2.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 10% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 64% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 6 | 10 | 11 |
| Reserves | 25 | 27 | 33 | 41 | 52 | 63 | 82 | 213 |
| 0 | 0 | 0 | 0 | 0 | 8 | 7 | 1 | |
| 6 | 7 | 12 | 18 | 30 | 33 | 30 | 38 | |
| Total Liabilities | 32 | 34 | 46 | 59 | 82 | 109 | 130 | 263 |
| 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 | 195 |
| 31 | 29 | 45 | 58 | 75 | 95 | 48 | 60 | |
| Total Assets | 32 | 34 | 46 | 59 | 82 | 109 | 130 | 263 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 2 | -4 | 10 | 8 | 15 | 6 | 29 | 46 | |
| 1 | -1 | -3 | -14 | 10 | -30 | -25 | -44 | |
| 0 | 0 | 0 | 0 | 0 | -2 | -3 | -2 | |
| Net Cash Flow | 3 | -4 | 7 | -6 | 25 | -25 | 1 | -0 |
| Free Cash Flow | 2 | -4 | 10 | 7 | 14 | 6 | 22 | 45 |
| CFO/OP | 180% | 39% | 187% | 251% | 279% | 91% | 109% | 141% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 43 | 84 | 55 | 48 | 47 | 40 | 21 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 32 | 43 | 84 | 55 | 48 | 47 | 40 | 21 |
| Working Capital Days | -15 | 12 | 7 | -23 | 68 | 191 | 52 | 62 |
| ROCE % | -12% | 18% | 19% | 19% | 28% | 32% | 24% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Number of order items processed (Uniware) million |
|
|||
| Revenue per Employee INR million |
||||
| Share of Revenue from Top 10 Clients (Uniware) percentage |
||||
| Total Enterprise Clients (Uniware) number |
||||
| Total SMB Clients (Uniware) number |
||||
| Marketplace and Webstore Integrations number |
||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 May - Unicommerce announced a partnership with Waaree Energies on May 5, 2026 to streamline e-commerce operations.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 May - Unicommerce eSolutions Limited has intimated the exchange about the earnings call transcript for Q4 and FY 26
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Apr - Audio link of Q4 and FY26 analyst/investor conference call uploaded on website.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Apr - Intimation of Newspaper Publication for Audited (Standalone and Consolidated) Financial Results for the quarter and financial year ended 31st March 2026
-
Annual Audited (Standalone And Consolidated) Financial Results For The Quarter And Financial Year Ended 31St March, 2026
27 Apr - Board approved FY26 audited standalone and consolidated results; auditors issued unmodified opinions.
Concalls
-
May 2026Transcript PPT REC
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Nov 2024Transcript PPT
-
Sep 2024Transcript PPT
Business Overview:[1][2][3]
UESL is India’s largest eCommerce enablement SaaS platform, orchestrating India’s eCommerce operations at scale and processing 25-30% of all dropship volumes in India in FY25. It streamlines eCommerce by automating brand and retailer operations across the value chain. Unicommerce enables multi-warehouse management, automated inventory decisions, AI-first capabilities, and omnichannel retail integration. The platform supports 7,596 clients across India, the Middle East, and Southeast Asia