Softsol India

₹250 5.2 | 2.1%

WEBSITE BSE:532344 NSE : SOFTSOL (I) 18 May, 12:50

Market Cap ₹369 Cr.

Stock P/E 17.3

P/B 2.4

Current Price ₹250

Book Value ₹ 104.3

Face Value 10

52W High ₹343.8

Dividend Yield 0%

52W Low ₹ 131.5

Edit Ratio

Softsol India Research see more...

Overview Inc. Year: 1990Industry: IT - Software

SoftSol India Ltd is an primarily India-based organisation, which is engaged in computer programming, consultancy and related activities. The Company gives numerous services, consisting of Enterprise Modernization, inclusive of Power Builder, Mainframe and Oracle forms; Testing Services; Custom Application Development; Cloud Computing Services; SalesForce Customer relationship management (CRM) Services; Stategic Consulting, and Remote Infrastructure Management. Its products include IntelliCourt Case Management, which is a case management machine that coordinates the efforts of all roles inside the manner of justice; Corporate Investigations, which manages HR and company loss investigations; BUGFAST, that is a test automation solution designed mainly for commercial enterprise teams to verify that software meets their commercial enterprise requirements, and ModernizeNow PowerBuilder Migration, that is a no obligation online tool that converts PowerBuilder application to either Java or .NET.

Softsol India Share Price

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Peer Comparison

Softsol India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	18	21	23	23	21	19	19	19	18	17
Other Income	2	7	-7	-20	-4	6	16	1	4	4
Total Income	20	28	15	3	18	25	34	20	21	21
Total Expenditure	16	19	21	19	19	17	18	16	17	16
Operating Profit	4	9	-5	-16	-2	8	16	4	4	5
Interest	0	0	0	0	0	0	1	0	0	0
Depreciation	1	1	1	0	0	0	1	0	1	1
Exceptional Income / Expenses	0	4	0	0	0	0	0	0	0	0
Profit Before Tax	3	11	-6	-17	-2	8	14	3	4	4
Provision for Tax	0	0	2	1	1	1	1	1	1	1
Profit After Tax	3	11	-8	-17	-3	7	14	2	3	3
Adjustments	0	-0	0	0	0	-0	0	0	0	0
Profit After Adjustments	3	11	-8	-17	-3	7	14	2	3	3
Adjusted Earnings Per Share	1.7	6.5	-4.8	-10.1	-1.8	4	9	1.6	1.9	1.9

Softsol India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	72	58	66	59	38	46	47	45	40	74	83	73
Other Income	12	11	11	11	17	5	5	6	10	8	6	25
Total Income	85	69	76	70	55	51	52	50	50	82	88	96
Total Expenditure	78	61	69	64	42	40	41	38	31	66	82	67
Operating Profit	7	8	7	5	13	11	10	12	19	16	6	29
Interest	0	0	0	0	0	0	0	0	0	1	2	1
Depreciation	3	3	5	3	3	3	2	3	2	3	2	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	7	0	0
Profit Before Tax	4	5	2	1	9	8	8	9	16	20	3	25
Provision for Tax	1	2	1	0	1	3	2	2	2	3	3	4
Profit After Tax	3	3	2	1	8	6	6	7	14	17	0	22
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	3	2	1	8	6	6	7	14	17	0	22
Adjusted Earnings Per Share	2	1.7	1	0.7	4.9	3.4	3.3	4	8.2	9.9	0.1	14.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	23%	13%	1%
Operating Profit CAGR	-63%	-21%	-11%	-2%
PAT CAGR	-100%	-100%	-100%	-100%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	69%	47%	54%	20%
ROE Average	0%	6%	6%	4%
ROCE Average	3%	9%	8%	5%

Softsol India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	186	190	192	192	119	126	134	142	156	186	147
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4	3	3	3	3	3	3	4	4	9	13
Total Current Liabilities	6	7	10	7	3	3	5	4	12	26	19
Total Liabilities	196	200	205	203	126	132	142	150	172	221	180
Fixed Assets	124	122	122	119	30	28	27	26	12	11	11
Other Non-Current Assets	10	19	21	26	8	10	13	15	20	38	35
Total Current Assets	63	60	63	58	87	93	102	109	140	171	134
Total Assets	196	200	205	203	126	132	142	150	172	221	180

Softsol India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	45	48	31	8	9	11	8	3	4	19	13
Cash Flow from Operating Activities	6	-1	-2	6	13	1	-3	5	14	20	4
Cash Flow from Investing Activities	-2	-16	-25	-4	-6	-4	-3	-5	-7	-43	31
Cash Flow from Financing Activities	-1	0	5	-0	-5	0	0	0	8	13	-40
Net Cash Inflow / Outflow	3	-17	-23	1	3	-3	-7	-0	15	-10	-5
Closing Cash & Cash Equivalent	48	31	8	9	11	8	3	4	19	13	15

Softsol India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.97	1.72	1.04	0.66	4.92	3.4	3.34	4.01	8.21	9.93	0.05
CEPS(Rs)	3.92	3.58	3.84	2.68	6.64	4.96	4.72	5.63	9.69	11.47	1.28
DPS(Rs)	0	0	0	1.2	0	0	0	0	0	0	0
Book NAV/Share(Rs)	110.28	112.82	113.87	113.78	70.57	74.35	79.24	84.16	92.22	110.33	99.4
Core EBITDA Margin(%)	-6.94	-5.43	-5.1	-10.1	-10.95	13.45	11.35	14.66	22.58	10.81	0.42
EBIT Margin(%)	5.54	8.94	3.93	3.16	25.52	18.31	17	21.09	41.42	27.79	5.3
Pre Tax Margin(%)	5.49	8.94	3.78	2.33	24.93	17.96	16.48	20.49	40.57	26.41	3.28
PAT Margin (%)	4.57	5.03	2.67	1.89	21.73	12.35	12.03	15.15	34.77	22.52	0.1
Cash Profit Margin (%)	9.12	10.46	9.83	7.7	29.32	17.99	16.99	21.26	41.03	26.01	2.3
ROA(%)	1.69	1.46	0.87	0.54	5.04	4.44	4.11	4.62	8.59	8.52	0.04
ROE(%)	1.79	1.54	0.92	0.58	5.34	4.69	4.36	4.91	9.31	9.81	0.05
ROCE(%)	2.17	2.74	1.35	0.96	6.25	6.94	6.13	6.81	11.06	12.08	2.63
Receivable days	53.94	84.1	109.07	129	115.12	49.95	67.63	71.28	73.67	46.87	56.77
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	1555.23	606.02	0	0	0	0	0	0	0	0	0
PER(x)	21.48	24.89	47.87	85.32	7.32	9.86	9.91	6.61	9.58	17.64	2732.41
Price/Book(x)	0.38	0.38	0.44	0.49	0.51	0.45	0.42	0.31	0.85	1.59	1.48
Dividend Yield(%)	0	0	0	2.14	0	0	0	0	0	0	0
EV/Net Sales(x)	0.31	0.72	1.16	1.47	1.31	1.04	1.13	0.91	2.85	3.79	2.46
EV/Core EBITDA(x)	3.1	4.98	10.48	16.37	3.96	4.34	5.15	3.33	5.98	17.81	32.74
Net Sales Growth(%)	9.29	-20.43	14.05	-10.98	-34.91	21.69	0.93	-4.81	-10.76	86.78	11.22
EBIT Growth(%)	179.85	28.45	-49.87	-28.45	426.32	-12.69	-6.33	18.12	75.27	25.32	-78.78
PAT Growth(%)	196.44	-12.5	-39.43	-36.88	647.37	-30.85	-1.66	19.89	104.78	20.97	-99.52
EPS Growth(%)	200.12	-12.5	-39.44	-36.87	647.38	-30.85	-1.66	19.89	104.78	20.97	-99.46
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	10.03	8.76	6.21	7.82	25.42	32.92	19.38	25.79	11.55	6.69	7
Quick Ratio(x)	12.18	8.82	11.59	23.76	25.42	32.92	19.38	25.79	11.55	6.69	7
Interest Cover(x)	124.99	0	25.79	3.8	42.7	52.23	33.12	35.3	48.6	20.04	2.62
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Softsol India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.42	72.42	72.42	72.42	72.42	64.48	73.47	73.47	73.47	73.47
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	27.58	27.58	27.58	27.58	27.58	35.52	26.53	26.53	26.53	26.53
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.22	1.22	1.22	1.22	1.22	1.08	1.08	1.08	1.08	1.08
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.46	0.46	0.46	0.46	0.46	0.6	0.39	0.39	0.39	0.39
Others	0	0	0	0	0	0	0	0	0	0
Total	1.68	1.68	1.68	1.68	1.68	1.68	1.48	1.48	1.48	1.48

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of -100% over past five years.

* 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.