WEBSITE BSE:544361 NSE: COVANCE Inc. Year: 2023 Industry: IT - Software My Bucket: Add Stock
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Covance Softsol Ltd is an Indian IT/ITES company, formed in 2023 through the demerger of SoftSol India’s software business. It provides software services, enterprise solutions, cloud, data analytics, and business process optimization. Since becoming independent and listed in 2025, the company has shown strong growth, with FY25 revenue of ~₹101.7 crore and net profit of ~₹12.1 crore, though some quarters have been volatile. It is a small/mid-cap company with growth potential but also higher risk compared to larger IT firms. Key points: ...Read More
Covance Softsol Ltd is an Indian IT/ITES company, formed in 2023 through the demerger of SoftSol India’s software business. It provides software services, enterprise solutions, cloud, data analytics, and business process optimization. Since becoming independent and listed in 2025, the company has shown strong growth, with FY25 revenue of ~₹101.7 crore and net profit of ~₹12.1 crore, though some quarters have been volatile. It is a small/mid-cap company with growth potential but also higher risk compared to larger IT firms. Key points: IT/ITES services: software, analytics, cloud, enterprise solutions. Formed via demerger in 2023; listed in 2025. Strong FY25 growth, but quarterly volatility exists. Small/mid-cap with growth potential and higher risk ...Read Less
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Market Cap ₹379 Cr.
Stock P/E 31.3
P/B 2.4
Current Price ₹171.3
Book Value ₹ 72.2
Face Value 10
52W High ₹171.3
Dividend Yield 0%
52W Low ₹ 6.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 14 | 18 | 23 | 20 | 34 | 24 | 33 | 33 | 37 |
| Other Income | 4 | -1 | 4 | 2 | 3 | 1 | 1 | 3 | 4 |
| Total Income | 18 | 17 | 28 | 22 | 37 | 25 | 34 | 36 | 41 |
| Total Expenditure | 15 | 15 | 17 | 16 | 33 | 23 | 22 | 25 | 25 |
| Operating Profit | 3 | 2 | 11 | 5 | 4 | 2 | 12 | 11 | 17 |
| Interest | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 9 | 4 | 3 | 0 | 10 | 10 | 15 |
| Provision for Tax | 0 | 1 | 0 | 0 | 2 | 2 | 3 | 2 | 3 |
| Profit After Tax | 1 | -1 | 9 | 4 | 1 | -2 | 8 | 8 | 13 |
| Adjustments | -0 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 1 | -1 | 9 | 4 | 1 | -2 | 8 | 8 | 13 |
| Adjusted Earnings Per Share | 0.3 | -0.3 | 4.8 | 1.9 | 0.5 | -1 | 4 | 3.5 | 5.7 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|
| Net Sales | 61 | 102 | 127 |
| Other Income | 8 | 11 | 9 |
| Total Income | 69 | 112 | 136 |
| Total Expenditure | 61 | 90 | 95 |
| Operating Profit | 9 | 23 | 42 |
| Interest | 6 | 6 | 5 |
| Depreciation | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 |
| Profit Before Tax | 2 | 16 | 35 |
| Provision for Tax | 1 | 4 | 10 |
| Profit After Tax | 1 | 12 | 27 |
| Adjustments | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 12 | 27 |
| Adjusted Earnings Per Share | 943.3 | 6.2 | 12.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 67% | 0% | 0% | 0% |
| Operating Profit CAGR | 156% | 0% | 0% | 0% |
| PAT CAGR | 1100% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 2616% | NA% | NA% | NA% |
| ROE Average | 16% | 9% | 9% | 9% |
| ROCE Average | 14% | 10% | 10% | 10% |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Shareholder's Funds | 73 | 91 |
| Minority's Interest | 0 | 0 |
| Borrowings | 73 | 73 |
| Other Non-Current Liabilities | 1 | 4 |
| Total Current Liabilities | 15 | 27 |
| Total Liabilities | 162 | 194 |
| Fixed Assets | 2 | 1 |
| Other Non-Current Assets | 15 | 19 |
| Total Current Assets | 146 | 174 |
| Total Assets | 162 | 194 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 4 |
| Cash Flow from Operating Activities | -10 | 18 |
| Cash Flow from Investing Activities | -1 | -13 |
| Cash Flow from Financing Activities | 0 | -9 |
| Net Cash Inflow / Outflow | -11 | -3 |
| Closing Cash & Cash Equivalent | 4 | 4 |
| # | Mar 2024 | Mar 2025 |
|---|---|---|
| Earnings Per Share (Rs) | 943.35 | 6.17 |
| CEPS(Rs) | 1124.17 | 6.41 |
| DPS(Rs) | 0 | 0 |
| Book NAV/Share(Rs) | 44132.33 | 46.46 |
| Core EBITDA Margin(%) | 0.89 | 11.74 |
| EBIT Margin(%) | 13.59 | 21.8 |
| Pre Tax Margin(%) | 3.95 | 16.16 |
| PAT Margin (%) | 2.05 | 11.92 |
| Cash Profit Margin (%) | 2.44 | 12.37 |
| ROA(%) | 0.77 | 6.79 |
| ROE(%) | 2.14 | 16.17 |
| ROCE(%) | 5.68 | 14.28 |
| Receivable days | 77.87 | 58.19 |
| Inventory Days | 0 | 0 |
| Payable days | 0 | 0 |
| PER(x) | 0 | 0.81 |
| Price/Book(x) | 0 | 0.11 |
| Dividend Yield(%) | 0 | 0 |
| EV/Net Sales(x) | 1.13 | 0.77 |
| EV/Core EBITDA(x) | 8.07 | 3.47 |
| Net Sales Growth(%) | 0 | 66.25 |
| EBIT Growth(%) | 0 | 166.63 |
| PAT Growth(%) | 0 | 865.79 |
| EPS Growth(%) | 0 | -99.35 |
| Debt/Equity(x) | 1.24 | 0.8 |
| Current Ratio(x) | 9.86 | 6.53 |
| Quick Ratio(x) | 9.86 | 6.53 |
| Interest Cover(x) | 1.41 | 3.87 |
| Total Debt/Mcap(x) | 0 | 7.41 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 73.47 | 73.47 | 73.42 | 71.68 | 71.71 |
| FII | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 |
| Public | 26.53 | 26.53 | 26.58 | 28.32 | 28.29 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 1.08 | 1.08 | 1.63 | 1.59 | 1.59 |
| FII | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 |
| Public | 0.39 | 0.39 | 0.59 | 0.63 | 0.63 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 1.48 | 1.48 | 2.21 | 2.21 | 2.21 |
* The pros and cons are machine generated.
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