Birlasoft Limited (BSOFT)

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Birlasoft Limited (BSOFT) · mywealthgrid

About

Birlasoft Limited: IT software services & consulting. Consolidated quarterly revenue ₹1,350 Cr; standalone growing 20% from ₹690 Cr (Sep 2025) to ₹829 Cr (Jun 2026). Mid-scale player. Standalone accelerating, consolidated flat.

Face value: ₹2

Market cap

₹7,542 Cr

P/E

13.2×

P/B

1.8×

Dividend yield

3.9%

ROE

13.7%

ROCE

21.2%

Debt / equity

OPM

16.3%

EPS (TTM)

₹20.5

Book value

₹147.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Consolidated revenue essentially flat: ₹1,328.9 Cr (Sep 2025) to ₹1,379.4 Cr (Jun 2026) — minimal top-line growth in core business.
Consolidated profit volatile (₹116.1–₹175.93 Cr) despite flat revenue — verify operational drivers and non-recurring items.
Standalone OPM volatile: 15.51% (Sep 2025) to 21.97% (Jun 2026), non-monotonic swings signal inconsistent margins — verify root causes.
Typical IT services risks: client concentration, offshore execution, forex headwinds, talent inflation — verify Birlasoft exposure.

Generated analysis · source review pending

Growth drivers

Standalone growing 20% from ₹690 Cr (Sep 2025) to ₹829 Cr (Jun 2026) with latest quarter profit ₹146.79 Cr and 21.97% OPM — verify if sustainable or project-driven.
Zero debt (D/E = 0) provides capacity for growth investments and M&A without external capital.
Standalone OPM improved to 21.97% in Jun 2026 (highest recent period) — verify operational drivers and sustainability.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹269.8+0.3%1Y

Quick read

rule-based

Pros

+High return on capital employed of 24%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 43.4×
+Dividend yield of 3.9%
+Dividend payout of 51.2% of profit

Cons

−Modest revenue growth of 8.4% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

68/100

Business quality: 65
Growth: 52
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,666	2,551	3,291	3,556	4,130	4,795	5,278	5,375	5,310
COGS	55	0	0	0	0	0	0	139	31
Gross profit	3,611	—	—	—	—	—	—	5,236	—
	3,239	2,244	2,899	3,026	3,490	4,274	4,442	4,539	4,413
	371	306	392	529	640	520	836	697	866
OPM %	10.1%	12%	11.9%	14.9%	15.5%	10.9%	15.8%	13%	16.3%
Depreciation	84	50	83	80	77	82	85	86	80
Interest	10	11	16	13	13	19	20	23	20
	48	100	43	19	66	23	104	109	24
Profit before tax	324	346	336	455	617	442	835	697	790
Tax	70	54	112	134	153	111	211	180	272
Tax %	21.5%	15.6%	33.3%	29.5%	24.8%	25.1%	25.3%	25.8%	34.4%
	254	292	224	321	464	332	624	517	518
PAT margin %	6.9%	11.5%	6.8%	9%	11.2%	6.9%	11.8%	9.6%	9.8%
EPS (₹)	13.1	13.5	8.1	11.5	16.6	12	22.5	18.6	18.5
EPS adjusted (₹)	13.3	10.6	8.1	11.6	16.6	12.1	22.6	18.6	18.6
	18.3%	14.8%	24.7%	30.4%	27.1%	29.3%	28.8%	34.9%	35.1%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	38	38	55	55	55	56	55	55	56	56
Reserves	1,343	1,779	1,659	1,837	2,124	2,527	2,393	2,989	3,423	4,057
Minority interest	—	4	—	—	—	—	—	—	—	—
	217	277	38	—	0	0	0	0	11	8
	597	635	746	795	815	800	739	882	973	1,145
Total equity & liabilities	2,195	2,733	2,498	2,687	2,994	3,383	3,187	3,926	4,462	5,266
	—	829	588	612	698	725	736	697	744	834
CWIP	8	—	—	2	7	2	7	12	5	2
Investments	12	120	191	33	571	840	563	1,320	1,754	2,171
	2,176	1,784	1,719	2,040	1,719	1,817	1,882	1,897	1,959	2,259
Total assets	2,195	2,733	2,498	2,687	2,994	3,383	3,187	3,926	4,462	5,266

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Manufacturing	2,011.16	531.71	0	0
Banking, Financial Services and Insurance	1,295.9	385.35	0	0
Life Sciences & Services	1,085.33

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	97.4%	—
EBITDA margin %	12%	11.9%	14.9%	15.5%	10.9%	15.8%	13%	16.3%
EBIT margin %	10.1%	9.4%	12.6%	13.6%	9.1%	14.2%	11.4%	14.8%
PAT margin %	11.5%	6.8%	9%	11.2%	6.9%	11.8%	9.6%	9.8%
Working capital
Receivable days	102	82	53	60	69	72	67	83
Inventory days	—	—	0	0	0	0	27	0
Payable days	—	—	16	22	20	23	618	21
NWC days	—	—	37	38	49	49	-524	63
Leverage
Current ratio	2.34	2.76	3.32	3.69	3.48	3.71	4.03	4.29
Debt to EBITDA	0.12	—	0	0	0	0	0.02	0.01
Debt to equity	0.02	—	0	0	0	0	0	0
Interest coverage	26.1	21.8	35.9	48.4	24.8	42.9	30.7	43.4
Asset turnover	1.02	1.22	1.19	1.22	1.5	1.34	1.2	1.01
Return ratios
Return on assets %	11.7%	8.3%	10.7%	13.7%	10.4%	15.9%	11.6%	9.8%
Return on capital employed %	15.1%	18.3%	21.1%	24.8%	17.4%	29.8%	21%	21.2%
Return on equity %	17%	11.9%	14.7%	17.9%	13.5%	20.5%	14.9%	12.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.97%	40.95%	40.92%	40.9%	40.86%	40.82%	40.63%	40.63%	40.53%	40.51%	40.39%	40.38%
	17.57%	21.25%	23.48%	18.82%	11.71%	11.05%	11.68%	12.38%	11.26%	10.91%	13.65%	12.78%
	22.39%	20.16%	18.62%	20.9%	24.25%	24.63%	24.53%	22.43%	21.92%	24.11%	23.35%	21.99%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	19.03%	17.61%	16.97%	19.37%	23.17%	23.49%	23.15%	24.55%	26.28%	24.46%	22.61%	24.85%
No. of shareholders	—	—	—	—	—	—	—	—	4,47,495	4,20,986	3,96,641	4,00,850

Promoter holding down 0.59 percentage points since Sep 2023.

9 disclosures

Person	Deal	Shares	Value	Holding	Filed
Deepak DobriyalEmployees/Designated Employees	SellMarket Sale	6,250	₹23.75 L	0.04% → 0.03%	18 Sept 20257(2)
Deepak DobriyalEmployees/Designated Employees	SellMarket Sale	5,000	₹19.38 L

24 deals · 20 Dec 2021 – 23 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	21,84,944	₹378.83	₹82.77 Cr
23 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	21,84,944	₹379.06	₹82.82 Cr
19 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	14,25,012	₹627.90	₹89.48 Cr
19 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	14,25,012	₹626.83	₹89.32 Cr
7 Mar 2024	SEB ASIENFOND EX JAPAN	Block	NSE	Buy	2,03,544	₹769.10	₹15.65 Cr
7 Mar 2024	SEB FUND 3 SEB PENSION FUND	Block	NSE	Sell	2,03,544	₹769.10	₹15.65 Cr
17 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	4,00,593	₹282.80	₹11.33 Cr
17 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	4,00,593	₹282.80	₹11.33 Cr
17 Oct 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	58,576	₹282.80	₹1.66 Cr
17 Oct 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	58,576	₹282.80	₹1.66 Cr

1–10 of 24

1 / 3

Ms. Amita BirlaNon-Executive - Non Independent Director-Chairperson
Mr. Chandrakant BirlaNon-Executive - Non Independent Director
Mr. Angan GuhaExecutive Director-CEO-MD
Mr. Ananth SankaranarayananNon-Executive - Independent Director
Ms. Satyavati BereraNon-Executive - Independent Director
Ms. Nidhi Jagat KillawalaNon-Executive - Independent Director
Mr. Manish Mahendra ChoksiNon-Executive - Independent Director
Mr. MannappanChief Operating Officer
Mr. Chandrasekar ThyagarajanChief Financial Officer
Ms. Sneha PadveCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 11 fund houses

Held by these funds

14.74%

of the company's equity

All mutual funds

20.85%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

43 schemes · 11 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	1.85 Cr	539.8	0.76%	6.629%	—
Technology Fund	ICICI Prudential Mutual Fund	34.16 L	99.5	0.73%	1.222%	-0
Small Cap Fund	Axis Mutual Fund	33.53 L	97.67	0.31%	1.199%	-0
DIGITAL INDIA FUND	Tata Mutual Fund	29.96 L	87.27	0.85%	1.072%	-0
SMALL CAP FUND	Nippon India Mutual Fund	29.02 L	84.51	0.1%	1.038%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	19.89 L	57.94	0.71%	0.712%	-0
Portfolio of Kotak Aggressive Hybrid Fund	Kotak Mahindra Mutual Fund	13.67 L	39.8	0.43%	0.489%	-0
ETHICAL FUND	Tata Mutual Fund	12 L	34.95	0.91%	0.429%	-0

1–8 of 43

1 / 6

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 this is to inform you that CARE Ratings Limited has reaffirmed the ratings to bank facilities of Birlasoft Limited, the details ....25 Sept 2025 from CARE

Investor Presentation and earnings call

Jul 2026TranscriptAI SummaryPPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

27

Final dividend10 Jul 2026 · ex-date₹4
Interim dividend14 Nov 2025 · ex-date₹2.5
Final dividend18 Jul 2025 · ex-date₹4
Interim dividend31 Oct 2024 · ex-date₹2.5
Final dividend12 Jul 2024 · ex-date₹4
Interim dividend8 Nov 2023 · ex-date₹2.5
Final dividend14 Jul 2023 · ex-date₹2
Interim dividend1 Nov 2022 · ex-date₹1.5
Final dividend14 Jul 2022 · ex-date₹3
Interim dividend2 Nov 2021 · ex-date₹1.5
Final dividend15 Jul 2021 · ex-date₹2.5
Interim dividend12 Nov 2020 · ex-date₹1
Final dividend13 Aug 2020 · ex-date₹1
Interim dividend7 Feb 2020 · ex-date₹1
Final dividend30 Jul 2019 · ex-date₹2
Final dividend20 Aug 2018 · ex-date₹2.4
Dividend dividend10 Aug 2017 · ex-date₹2.2
Final dividend11 Aug 2016 · ex-date₹1.1
Interim dividend6 Apr 2016 · ex-date₹1.1
Dividend dividend11 Aug 2015 · ex-date₹1.1
Dividend dividend17 Jul 2014 · ex-date₹1.1
Dividend dividend4 Jul 2013 · ex-date₹0.9
Dividend dividend19 Jul 2012 · ex-date₹0.7
Dividend dividend29 Jun 2011 · ex-date₹0.7
Dividend dividend8 Jul 2010 · ex-date₹0.7
Dividend dividend2 Jul 2009 · ex-date₹0.6
Dividend dividend11 Aug 2008 · ex-date₹0.7

1

Board meeting to consider results28 Jul 2026

2

Bonus 1:113 Mar 2012 · ex-date
Bonus 1:14 Jan 2007 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

94 announcementsExport CSV

29 Sept 2026, 3:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

15 Sept 2026, 4:16 pmCompany Update

Sustainability Report Of Birlasoft Limited

General PDF

11 Sept 2026, 5:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

11 Sept 2026, 5:42 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 2:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

27 Aug 2026, 11:57 amCompany Update

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

General PDF

10 Aug 2026, 11:08 amCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

10 Aug 2026, 11:03 amCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
29 Sept 2026, 3:35 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Sept 2026, 4:16 pm	Company Update General	Sustainability Report Of Birlasoft Limited

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	97.4%	—
EBITDA margin %	12%	11.9%	14.9%	15.5%	10.9%	15.8%	13%	16.3%
EBIT margin %	10.1%	9.4%	12.6%	13.6%	9.1%	14.2%	11.4%	14.8%
PAT margin %	11.5%	6.8%	9%	11.2%	6.9%	11.8%	9.6%	9.8%
Working capital
Receivable days	102	82	53	60	69	72	67	83
Inventory days	—	—	0	0	0	0	27	0
Payable days	—	—	16	22	20	23	618	21
NWC days	—	—	37	38	49	49	-524	63
Leverage
Current ratio	2.34	2.76	3.32	3.69	3.48	3.71	4.03	4.29
Debt to EBITDA	0.12	—	0	0	0	0	0.02	0.01
Debt to equity	0.02	—	0	0	0	0	0	0
Interest coverage	26.1	21.8	35.9	48.4	24.8	42.9	30.7	43.4
Asset turnover	1.02	1.22	1.19	1.22	1.5	1.34	1.2	1.01
Return ratios
Return on assets %	11.7%	8.3%	10.7%	13.7%	10.4%	15.9%	11.6%	9.8%
Return on capital employed %	15.1%	18.3%	21.1%	24.8%	17.4%	29.8%	21%	21.2%
Return on equity %	17%	11.9%	14.7%	17.9%	13.5%	20.5%	14.9%	12.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Persistent Systems LimitedPERSISTENTPERSISTENT	₹84,691 Cr	₹84,691 Cr	₹15,718 Cr	₹2,881 Cr	19%	₹1,923 Cr	12.7%	34.2%	26.3%	48
Coforge LimitedCOFORGECOFORGE	₹80,837 Cr	₹81,237 Cr	₹18,152 Cr	₹3,397 Cr	17.9%	₹1,717 Cr	10.6%	22.2%	19.7%	88
Mphasis LimitedMPHASISMPHASIS	₹42,956 Cr	₹44,749 Cr	₹16,531 Cr	₹3,071 Cr	18.8%	₹1,910 Cr	11.7%	24.7%	18.3%	58
Hexaware Technologies LimitedHEXTHEXT	₹29,966 Cr	₹29,966 Cr	₹14,420 Cr	₹2,155 Cr	14.2%	₹1,344 Cr	10.2%	—	—	—
Tata Elxsi LimitedTATAELXSITATAELXSI	₹19,268 Cr	₹19,268 Cr	₹3,886 Cr	₹876 Cr	22.5%	₹655 Cr	16.7%	29.9%	21.3%	-54
Fractal Analytics LimitedFRACTALFRACTAL	₹12,510 Cr	₹12,796 Cr	₹3,300 Cr	₹508 Cr	15.4%	₹292 Cr	8.7%	15.3%	11.8%	61
Rategain Travel Technologies LimitedRATEGAINRATEGAIN	₹9,953 Cr	₹10,875 Cr	₹2,336 Cr	₹459 Cr	18.5%	₹242 Cr	10.7%	13.8%	10.5%	36
Zensar Technologies LimitedZENSARTECHZENSARTECH	₹9,881 Cr	₹9,881 Cr	₹5,811 Cr	₹926 Cr	16.1%	₹776 Cr	13.6%	23%	17.6%	31
ASM Technologies LtdASMTECASMTEC	₹9,641 Cr	₹9,754 Cr	₹529 Cr	₹101 Cr	19.1%	₹26 Cr	11.5%	33.3%	25.7%	202
Intellect Design Arena LimitedINTELLECTINTELLECT	₹8,566 Cr	₹8,566 Cr	₹3,182 Cr	₹603 Cr	19.1%	₹351 Cr	11.3%	15.6%	11.6%	46
Birlasoft LimitedBSOFTBSOFT	₹7,542 Cr	₹7,551 Cr	₹5,404 Cr	₹930 Cr	16.3%	₹573 Cr	9.8%	21.2%	13.7%	63
Sonata Software LimitedSONATSOFTWSONATSOFTW	₹7,124 Cr	₹7,692 Cr	₹11,015 Cr	₹752 Cr	6.9%	₹463 Cr	4.3%	32.4%	25.7%	-19

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	412	407	-72	310	558	281	561	718	588	481
	-149	-193	125	-44	-444	-307	252	-627	-437	-143
	-305	-128	-116	-180	-97	-147	-636	-168	-215	-233
Net cash flow	-42	86	-64	88	17	-173	176	-77	-65	105
Free cash flow	287	292	—	—	533	217	503	692	539	437
CFO / Operating profit %	—	107.6%	-23.4%	79.1%	105.4%	43.9%	107.8%	85.9%	84.2%	55.5%

Birlasoft Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends27

Board meetings1

Bonus issues2

Announcements

Dividends27

Board meetings1

Bonus issues2

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Americas · revenue

27

1

2

27

1

2