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 ₹ 861 Cr.
- Current Price ₹ 76.7
- High / Low ₹ 139 / 75.1
- Stock P/E 29.3
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 23.7 %
- ROE 18.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 45.0% CAGR over last 5 years
- Debtor days have improved from 35.9 to 21.1 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 26 | 32 | 40 | 59 | 90 | 104 | 114 | 120 | 123 | |
| 23 | 36 | 36 | 54 | 84 | 89 | 87 | 82 | 85 | |
| Operating Profit | 3 | -4 | 4 | 5 | 7 | 14 | 27 | 38 | 38 |
| OPM % | 10% | -14% | 9% | 9% | 7% | 14% | 23% | 32% | 31% |
| 1 | 2 | 2 | 2 | 3 | 6 | 6 | 3 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 2 |
| Profit before tax | 4 | -3 | 5 | 7 | 9 | 17 | 29 | 39 | 40 |
| Tax % | 34% | 6% | 17% | 13% | 27% | 25% | 26% | 26% | |
| 3 | -4 | 4 | 6 | 6 | 13 | 22 | 29 | 29 | |
| EPS in Rs | 0.50 | -0.70 | 0.88 | 1.17 | 1.27 | 2.23 | 2.10 | 2.56 | 2.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 10% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 64% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 20% |
| 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 | 6 | |
| 6 | 7 | 12 | 18 | 30 | 33 | 30 | 33 | |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 180% | 39% | 187% | 251% | 279% | 91% | 109% | 141% |
Ratios
Standalone / 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 | 48 | -33 |
| ROCE % | -12% | 18% | 19% | 19% | 28% | 32% | 24% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Annual Recurring Revenue (ARR) ₹ Mn |
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| Revenue per Employee (Uniware) ₹ Mn |
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| Share of Revenue from Top 10 Clients (Uniware) % |
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| Total Enterprise Clients (Uniware) count |
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| Number of items processed (Uniware) Million |
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| Shipway Annualised Revenue Run-rate ₹ Cr |
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| Total Clients (Uniware + Shipway + Convertway) count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Unicommerce partners with Kenstar on October 21, 2026 to streamline e-commerce orders and warehouses.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations 2015
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Board Meeting Intimation for Audited (Standalone And Consolidated) Financial Results For The Quarter And Half Year Ended On 30Th September, 2026
- Board meeting on 23 October 2026 to approve Q2 and half-year audited results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter and half year ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Unicommerce reports festive week e-commerce volumes up 31% YoY; quick commerce up 85%, Tier 3 orders 42%.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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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][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