MarketFriction

Nucleus Software Exports Ltd

NSE NUCLEUS · BSE 531209 · Software Products
₹646.95 -0.51%
NSE close2026-10-01
52 week range647.00 - 1,064.80
Market cap₹1,717 Cr.
P/E15.0
Price band 20% Delivery 56.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales205204210195202206229218214220225210
Expenses153156152166170172154184190187190202
Operating Profit52485829323374342333358
OPM %25%23%28%15%16%16%33%16%11%15%16%3.8%
Other Income121214151916171816-41228
Interest000000000000
Depreciation444444334455
Profit before tax605668404745884835254230
Tax %26%26%24%24%29%22%26%27%26%16%17%21%
Net Profit454152303335653526213524
EPS in Rs16.6515.4319.4711.2812.5613.2824.6013.379.997.8613.129.07
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales349372412484521514497634826832876869
Expenses318319353405427384460478606664750769
Operating Profit315459799412937157220168126100
OPM %9%14%14%16%18%25%7%25%27%20%14%11%
Other Income263229273739353451664252
Interest111111111112
Depreciation12117101414151915151618
Profit before tax4474809611715456171256219150132
Tax %26%11%22%23%24%23%26%25%25%26%22%
Net Profit326663758911841128192163117105
EPS in Rs10.0320.4321.5425.6730.6440.6215.2847.7371.5661.9244.3540.04
Dividend Payout %50%24%37%35%29%22%46%21%17%20%28%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%11%11%2%
Compounded Profit Growth13%2%0%-32%
Stock Price CAGR14%2%-13%-35%
Return on Equity15%16%18%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital323232292929292727272626
Reserves406425503432480532643467584751788881
Borrowings010006626529
Other Liabilities118123131184177196206241257332337350
Total Liabilities5565816656456857638857378741,1141,1531,266
Fixed Assets585448484757505950596189
CWIP110000101100
Investments170245441387424475635480525649641644
Other Assets328281176210214231200198298406451533
Total Assets5565816656456857638857378741,1141,1531,266
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3733957756751155850222151117
Cash from Investing Activity-157-7861-28-28-126159-12-197-20-51
Cash from Financing Activity-23-36-1-135-26-34-13-213-23-30-126-36
Net Cash Flow-14163212-24315-5530
Free Cash Flow282792704862112344719413689
CFO/OP82%138%202%161%100%102%115%199%49%136%113%121%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8790607054636161100736050
Inventory Days
Days Payable
Cash Conversion Cycle8790607054636161100736050
Working Capital Days147-43-66-51-53-61-77-16-38-43-45
ROCE %19%10%15%16%19%21%22%6%27%32%23%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.27%73.26%73.26%73.26%73.59%73.59%73.59%73.59%73.59%73.59%73.59%73.59%
FIIs3.69%5.02%5.65%5.35%5.62%5.32%4.83%5.32%5.18%4.91%4.46%3.32%
DIIs0.59%1.65%1.90%2.10%1.75%1.79%1.50%1.47%1.49%1.38%1.21%1.48%
Public22.45%20.05%19.18%19.28%19.02%19.29%20.08%19.60%19.75%20.11%20.72%21.60%
No. of Shareholders33,31830,41829,90036,28145,59244,40544,68642,54542,19241,15739,64840,028

Fundamentals

Market Cap₹ 1,717 Cr.
Current Price₹ 653
Stock P/E15.0
Book Value₹ 345
ROCE16.8 %
ROE13.1 %
Dividend Yield1.92 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-32%
Consolidated figures.
Valuation
Market capRs 1,703 Cr
Enterprise valueRs 1,589 Cr
P/E (TTM)16.16x
Price to book1.88x
Price to sales1.96x
EV / EBITDA10.49x
EV / EBIT11.93x
EV / sales1.83x
Price to cash flow14.50x
Earnings yield6.19%
Dividend yield1.93%
P/E, 3-year average15.27x
P/B, 3-year average2.92x
P/E, 5-year average17.26x
P/B, 5-year average2.76x
Profitability
Operating margin (excl. other income)14.33%
Operating margin (incl. other income)19.15%
EBITDA margin17.43%
Pre-tax margin15.16%
Net profit margin12.13%
Net margin, latest quarter11.34%
ROE13.56%
ROCE17.47%
ROA9.65%
ROE, 3-year average20.55%
ROCE, 3-year average27.23%
ROA, 3-year average14.44%
ROE, 5-year average18.36%
ROCE, 5-year average24.44%
ROA, 5-year average12.84%
ROIC (approx.)13.09%
Tax rate22.11%
Other income / net worth4.65%
Growth
Sales growth (latest year)5.26%
Profit growth (latest year)-28.38%
Sales CAGR, 3 years11.35%
Sales CAGR, 5 years11.27%
Profit CAGR, 3 years-2.97%
Profit CAGR, 5 years-0.21%
Sales growth QoQ-6.38%
Profit growth QoQ-30.91%
Sales growth YoY (latest quarter)-3.35%
Profit growth YoY (latest quarter)-32.19%
Per share
EPS (TTM)Rs 40.04
EPS (latest year)Rs 44.34
EPS (latest quarter)Rs 9.07
EPS, 3-year averageRs 59.27
EPS, 5-year averageRs 48.17
Book value per shareRs 344.67
Sales per shareRs 329.97
Cash flow per shareRs 44.61
Free cash flow per shareRs 33.80
Dividend per share (latest year)Rs 12.50
Dividend per share, 3-year averageRs 12.50
Dividend per share, 5-year averageRs 10.90
Dividends
Dividend payout28.19%
Dividend payout, 3-year average21.95%
Dividend payout, 5-year average26.52%
Efficiency
Asset turnover0.69x
Fixed asset turnover9.84x
Debtor days50 days
Debtors turnover7.23x
Cash conversion cycle50 days
Working capital days-45 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 123 Cr
Net debtRs -115 Cr
Debt to equity0.01x
Net debt / EBITDA-0.76x
Interest coverage86.51x
Current ratio (filing 2026-03-31)2.09x
Quick ratio (filing 2026-03-31)2.09x
Trade payables (filing 2026-03-31)Rs 18 Cr
Owners' fund to total sources71.67%
Debt to assets0.68%
Cash flow
Cash from Operating Activity (latest year)Rs 117 Cr
Cash from Investing Activity (latest year)Rs -51 Cr
Cash from Financing Activity (latest year)Rs -36 Cr
Net Cash Flow (latest year)Rs 30 Cr
Free cash flow (latest year)Rs 89 Cr
FCFE (approx.: FCF + change in debt)Rs 96 Cr
Cash from ops / profit, 5 years0.93x
Sales to cash flow7.46x
Statement figures
Net sales (TTM)Rs 869 Cr
Net sales (latest year)Rs 876 Cr
Sales (latest quarter)Rs 210 Cr
Operating profit excl. other income (latest year)Rs 126 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 52 Cr
EBITDA (TTM)Rs 151 Cr
PBDT (TTM)Rs 150 Cr
Profit before tax (TTM)Rs 132 Cr
Tax (latest year)Rs 33 Cr
Net profit (TTM)Rs 105 Cr
Net profit (latest year)Rs 117 Cr
Net profit (latest quarter)Rs 24 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 33 Cr
Total expenditure (latest year)Rs 750 Cr
Total income (latest year)Rs 918 Cr
Share capitalRs 26 Cr
ReservesRs 881 Cr
Shareholders' fundsRs 907 Cr
Total assetsRs 1,266 Cr
Net blockRs 89 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 644 Cr
ReceivablesRs 121 Cr
Other liabilitiesRs 350 Cr
Shares outstanding (crore)2.63
Ownership
Promoter holding73.59% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.2 is at the 56th percentile of its own 9.4-year range (median 15.8, low 6.3, high 65.5).
P/B 1.88 is at the 20th percentile (median 2.29).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNUCLEUSNifty 50Difference
1 week-4.2%-2.8% -1.4 pts
1 month-12.7%-6.8% -5.9 pts
3 months-15.7%-7.6% -8.1 pts
6 months-10.5%+0.4% -10.9 pts
1 year-35.5%-9.9% -25.6 pts
2 years-49.8%-13.6% -36.2 pts
3 years-35.4%+14.2% -49.6 pts
5 years+11.2%+27.9% -16.7 pts
8 mutual fund schemes hold about ₹18 Cr. Over three months 3 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
WOC Flexi Cap Fund0.13%12 +4%
WOC Multi Cap Fund0.07%3 +2%
WOC Balanced Advantage Fund0.08%2 +11%
WOC ELSS Tax Saver Fund0.14%1 +9%
WOC Multi Asset Allocation Fund0.01%1 +2%
WOC Balanced Hybrid Fund0.09%0 +13%
WOC Digital Bharat Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 328% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹210 Cr -3.7% vs Jun 2025. Net profit ₹24 Cr -31.4%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Oracle Financial Services Software Ltd90,63826.645.3 %
Tanla Platforms Ltd6,50812.226.3 %
C.E. Info Systems Ltd4,63533.619.1 %
Capillary Technologies India Ltd4,51688.23.42 %
TechNVision Ventures Ltd2,44781613.6 %
Mobavenue AI Tech Ltd2,33966.871.6 %
Ramco Systems Ltd2,07833.019.7 %
Blue Cloud Softech Solutions Ltd1,86729.214.2 %
Subex Ltd1,14635.412.8 %
Unicommerce eSolutions Ltd92643.621.1 %
Quick Heal Technologies Ltd794-5.97 %
IRIS Regtech Solutions Ltd47336.910.6 %
Sotefin Bharat Ltd47227.231.2 %
Ace Software Exports Ltd36886.15.82 %
Virtual Galaxy Infotech Ltd3517.6133.7 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs 12.50 Per Share
2025-07-11Annual General Meeting/Dividend - Rs 12.50 Per Share
2024-09-03Buy Back
2024-07-08Annual General Meeting
2024-07-05Dividend - Rs 12.5 Per Share
2023-07-07Annual General Meeting/Dividend - Rs 10 Per Share
2022-06-30Annual General Meeting/Dividend - Rs 7 Per Share
2021-11-25 Buyback
2021-07-15 Annual General Meeting/Dividend - Rs 6 Per Share
2020-08-11 Interim Dividend - Rs 3 Per Share
2020-07-23 Annual General Meeting
2020-03-24 Interim Dividend - Rs 9 Per Share
2019-06-28 Annual General Meeting/Dividend - Rs 9 Per Share
2018-06-22 Annual General Meeting/Dividend- Rs 8 Per Share
2017-06-29 Buyback
2017-06-29 Annual General Meeting/Dividend - Rs 5/- Per Share
2016-06-30 Annual General Meeting
2016-03-23 Interim Dividend - Rs 5/- Per Share (Purpose Revised)
2015-06-30Annual General Meeting/ Dividend - Rs 5/- Per Share
2014-06-27Annual General Meeting / Final Dividend - Rs 3/- Per Share + Special Dividend - Rs 3/- Per Share
2013-06-27Annual Generla Meeting/Dividend Rs 3/- Per Share
2012-06-29Annual General Meeting/Dividend Rs 2.50 Per Share
2011-06-29Annual General Meeting / Dividend - Rs. 2.50 Per Share
2010-06-15Dividend-Rs.2.50 Per Share
2009-06-29Agm/Div-Rs.2.50 Per Share
2008-06-27Agm/Dividend - 30%
2007-08-03Bonus 1:10.5000
2007-06-28Agm
2007-03-21Int Div-Rs.3.50 Per Sh Purpose Revised
2006-06-29Agm/Div-Rs.3.50/- Per Sh
DateTypeWhat it says
2026-09-29General UpdatesGeneral Updates
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "Nucleus Software Appoints Sudhanshu Tripathi as CMO to Accelerate Global Growth in Banking Technolog...
2026-09-21AppointmentAppointment of Mr. Sudhanshu Tripathi as Chief Marketing Officer of the company w.e.f. September 21, 2026.
2026-09-01General UpdatesINTIMATION REGARDING AMENDMENT TO THE POLICY ON CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING UNDER SEBI (PROHIBITION OF INSIDER TRADING) REGULATI...
2026-08-17General UpdatesRSUs Updates
2026-08-17General UpdatesESOP Updates.
2026-08-14General UpdatesNucleus Software Equity Incentive Trust Trust Deed
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "Stanbic IBTC Bank advances Transaction Banking capabilities through Nucleus Software s FinnAxia® 9.0 up...
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "Nucleus Software and FPT Launch FinnOne Neo® 9.0 and FinnAxia® 9.0 at the First Nucleus Synapse Vietnam...
2026-08-03Concall / analyst meetTranscript
2026-08-02ESOPGrant of 9,060 RSU convertible into equal number of Equity Shares of the Company of face value of Rs. 10/- each, under the Nucleus Software RSU Scheme...
2026-07-31Concall / analyst meetLink of Recording
2026-07-30Press ReleaseA press release dated July 30, 2026, titled "Financial Press Release for the Quarter ended June 30, 2026".
2026-07-30Board meeting outcomeNucleus Software Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28General UpdatesGeneral Updates
2026-07-28Shareholder meetingVoting results.
2026-07-27Shareholder meetingProceedings of Annual General Meeting held on July 27, 2026
2026-07-22Concall / analyst meetSchedule of meet
2026-07-21Disclosure under SEBI TakeovNucleus Software Exports Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Ind...
2026-07-02Record DateRecord date for the purpose of Final Dividend is 10-Jul-2026.
2026-07-02General UpdatesRegardingBusiness Responsibility and Sustainability Report for the financial year 2025-26
2026-07-02Shareholder meetingNotice of Annual General Meeting to be held on July 27, 2026
2026-06-23Press ReleaseA press release dated June 23, 2026, titled "Nucleus Software Appoints Bhavit Godiwala as Chief Customer Success Officer".
2026-06-22AppointmentAppointment of Mr. Bhavit Vijay Godiwala as Chief Customer Success Officer of the company w.e.f. Jun 22, 2026.
2026-06-16Disclosure under SEBI TakeovVishnu R Dusad has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Nucleus Software Exports Ltd?

Nucleus Software Exports Ltd (NUCLEUS) has a market capitalisation of Rs 1,717 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nucleus Software Exports Ltd?

Nucleus Software Exports Ltd trades at a P/E of 15.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nucleus Software Exports Ltd's latest quarterly results?

In the Jun 2026 quarter, Nucleus Software Exports Ltd sales was Rs 210 Cr (-3.7% vs Jun 2025) and net profit was Rs 24 Cr.

What is the 52-week high and low of Nucleus Software Exports Ltd?

The 52-week high is Rs 1,064.80 and the 52-week low is Rs 647.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03