Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹208 Cr.
Stock P/E
8.9
P/B
1.4
Current Price
₹85.4
Book Value
₹ 60.6
Face Value
10
52W High
₹111
52W Low
₹ 85.4
Dividend Yield
0%

Dove Soft Overview

Business

Dove Soft Ltd. (DSL) operates within the IT - Software sector in India. As an IT software company, it is expected to be involved in providing technology solutions and services. This typically includes areas such as custom software development, system integration, IT consulting, enterprise application services, cloud computing services, or digital transformation initiatives. The core business model likely revolves around delivering these services or products to clients, charging either on a project basis, time-and-materials, or through recurring subscription fees for proprietary software products.

Revenue Mix

Specific details regarding Dove Soft Ltd.'s key business segments and their respective revenue contributions are not publicly available within the provided information. However, in the broader IT-Software industry, common service segments often include Application Development & Maintenance, Cloud & Infrastructure Services, Digital Engineering, Data Analytics, and Enterprise Solutions. Without further data, the precise mix of services or product lines offered by DSL remains unknown.

Industry

Dove Soft Ltd. operates in the highly competitive Indian IT-Software industry. This industry is characterized by a wide range of players, from global IT service giants (e.g., TCS, Infosys) to numerous mid-sized and smaller niche firms. The industry is driven by global demand for digital transformation, cloud adoption, data analytics, and specialized technology expertise across various business sectors. Given its likely scale relative to industry leaders, Dove Soft Ltd. likely positions itself by focusing on specific niches, technology stacks, geographic regions, or client segments (e.g., small and medium-sized enterprises, or particular industry verticals). Its competitive standing would depend on its ability to offer specialized skills, agile delivery, competitive pricing, and strong client relationships within its chosen focus areas.

MOAT

For many smaller to mid-sized IT service companies, establishing a strong, durable competitive advantage (moat) can be challenging due to intense competition and the dynamic nature of the technology landscape. Without specific information on Dove Soft Ltd., it is difficult to ascertain strong moats. Potential nascent or developing advantages could include:

Switching Costs: If the company develops highly customized or deeply integrated solutions, clients might face significant costs or operational disruption when switching providers.

Specialized Expertise: Deep domain knowledge in a particular industry vertical or a niche, in-demand technology could provide a temporary competitive edge.

Client Relationships: Long-standing, trusted relationships with key clients, built on consistent delivery and understanding of their business needs.

Cost Efficiency: A highly efficient operational model enabling competitive pricing without sacrificing quality.

Strong brand recognition, significant economies of scale, or powerful network effects are generally less likely for a company of this nature without further specific details.

Growth Drivers

Key factors that could drive Dove Soft Ltd.'s growth over the next 3-5 years include:

Global Digital Transformation: Continued enterprise and public sector investment in digital technologies, cloud computing, artificial intelligence, and data analytics across industries.

Cloud Adoption & Modernization: Ongoing migration of legacy systems to cloud environments and demand for cloud-native application development.

Niche Specialization: Successful identification and penetration of high-growth technology niches or industry verticals where the company can offer differentiated services.

Geographic Expansion: Expanding its client base into new geographies or increasing penetration in existing international markets (if applicable).

New Service Offerings: Development and adoption of new, in-demand services such as cybersecurity, GenAI solutions, or specific SaaS products.

Risks

Intense Competition: Operating in a highly competitive market with numerous players, leading to pressure on pricing, margins, and client acquisition.

Talent Acquisition & Retention: Difficulty in attracting, training, and retaining skilled IT professionals, particularly in specialized and emerging technologies.

Technology Obsolescence: The rapid pace of technological change requires continuous investment in R&D and skill development, posing a risk of falling behind if unable to adapt.

Global Economic Downturns: Reduced IT spending by clients during economic slowdowns or recessions can negatively impact project pipelines and revenue.

Client Concentration: Potential over-reliance on a few large clients, making the company vulnerable to client loss or reduced spending.

Currency Fluctuations: For companies with international clients and revenue streams, adverse movements in foreign exchange rates can impact profitability.

Management & Ownership

Dove Soft Ltd. is likely a promoter-driven company, a common characteristic among many Indian listed entities, where founding families or individuals maintain significant ownership stakes and direct management control. The quality of management, including their strategic vision, execution capabilities, ability to foster innovation, and capacity to attract and retain talent, is critical for the company's success. Details regarding the promoter group's specific experience, track record, and the exact percentage of promoter holding would require deeper investigation.

Outlook

Dove Soft Ltd. operates within a structurally growing IT-Software industry, which presents significant opportunities driven by global digital transformation and technological advancements. The positive outlook for the company relies on its ability to effectively capitalize on these industry tailwinds, potentially through successful niche specialization, building strong client relationships, and demonstrating agile execution in project delivery. If the company can differentiate its offerings, efficiently manage its talent pool, and expand its market reach, it could achieve steady growth.

However, the company also faces inherent challenges typical of the sector. The risks include intense competition from both larger players and other niche firms, constant pressure on pricing and margins, difficulties in retaining skilled talent, and the rapid pace of technological change that demands continuous innovation and investment. Furthermore, any significant global economic slowdown or geopolitical instability impacting IT spending could adversely affect its growth trajectory. The actual performance will hinge on management's ability to navigate these opportunities and risks effectively.

Dove Soft Share Price

Live · BSE · Inception: 2011
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Dove Soft Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Dove Soft Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 23 36 76 120 188 274
Other Income 0 2 0 0 1 1
Total Income 23 38 76 120 188 275
Total Expenditure 20 33 68 105 164 241
Operating Profit 3 5 8 15 25 34
Interest 1 1 1 0 1 1
Depreciation 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 1 3 6 14 22 30
Provision for Tax 0 1 2 3 6 7
Profit After Tax 1 2 4 10 17 23
Adjustments 0 0 -0 -0 -0 -1
Profit After Adjustments 1 2 4 10 16 23
Adjusted Earnings Per Share 176.4 335.9 2.4 5.6 8.5 12

Dove Soft Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 4 10 22 33 66 89
Minority's Interest 0 0 0 0 1 1
Borrowings 1 0 0 1 6 2
Other Non-Current Liabilities 0 0 0 -0 0 0
Total Current Liabilities 8 14 25 51 35 71
Total Liabilities 13 24 48 85 108 164
Fixed Assets 1 3 2 3 6 5
Other Non-Current Assets 2 5 15 13 11 14
Total Current Assets 10 16 31 69 91 144
Total Assets 13 24 48 85 108 164

Dove Soft Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0 0 1
Cash Flow from Operating Activities 2 1 2 0 -17 4
Cash Flow from Investing Activities -1 -5 -9 0 -3 -3
Cash Flow from Financing Activities -1 4 7 -1 22 -1
Net Cash Inflow / Outflow 0 0 -0 0 1 0
Closing Cash & Cash Equivalent 0 0 0 0 1 2

Dove Soft Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 176.36 335.89 2.41 5.6 8.48 12.01
CEPS(Rs) 484.28 419.38 3.09 6.12 9.36 13.38
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 954.04 1361.95 12.22 18.2 34.68 46.82
Core EBITDA Margin(%) 10.89 6.19 10.39 12.34 12.86 12.03
EBIT Margin(%) 6.51 10.98 9.33 11.74 12.44 11.54
Pre Tax Margin(%) 3.75 9.35 8.55 11.47 11.82 11.04
PAT Margin (%) 2.93 7 5.91 8.58 8.81 8.54
Cash Profit Margin (%) 8.04 8.75 7.37 9.24 9.5 9.31
ROA(%) 5.17 13.47 12.45 15.51 17.11 17.2
ROE(%) 18.49 36.39 27.76 37.4 33.43 30.13
ROCE(%) 22.62 38.92 35.77 45.28 41.99 36.44
Receivable days 123.77 105.28 94.89 144.4 150.75 149.51
Inventory Days 0 0 0 0 0 0
Payable days 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.13 0.09 0.29 0.18 0.14 0.1
EV/Core EBITDA(x) 1.11 0.74 2.66 1.43 1.08 0.79
Net Sales Growth(%) 0 57.04 112.47 58.37 56.81 45.94
EBIT Growth(%) 0 164.75 80.6 99.29 66.12 35.41
PAT Growth(%) 0 275.71 79.26 130.01 61.02 41.5
EPS Growth(%) 0 90.46 -99.28 132.14 51.35 41.66
Debt/Equity(x) 0.82 0.34 0.17 0.1 0.14 0.1
Current Ratio(x) 1.17 1.2 1.23 1.34 2.57 2.02
Quick Ratio(x) 1.17 1.2 1.23 1.34 2.57 2.02
Interest Cover(x) 2.35 6.74 12.02 43.03 20.13 22.81
Total Debt/Mcap(x) 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +46% +53% +64% —
Operating Profit CAGR +36% +62% +63% —
PAT CAGR +35% +79% +87% —
Share Price CAGR — — — —
ROE Average +30% +34% +33% +31%
ROCE Average +36% +41% +40% +37%

Dove Soft Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 52.86 %
FII 0.27 %
DII (MF + Insurance) 0 %
Public (retail) 46.87 %
# Sep 2026
Promoter 52.86
FII 0.27
DII 0
Public 46.87
Others 0
Total 100

Dove Soft Peer Comparison

IT - Software Edit Columns

Dove Soft Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Dove Soft Pros & Cons

Pros

  • Company has delivered good profit growth of 87% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
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