Ksolves India Limited (KSOLVES)

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Ksolves India Limited (KSOLVES) · mywealthgrid

About

Ksolves India Limited is a software and consulting company in the information technology sector with a market cap of ₹656.73 Cr. Quarterly revenue averages ₹40–43 Cr with consistent operating margins of 28–32%, and the company maintains regular dividend distributions. It operates as a stable, profitable software services provider at modest scale.

Face value: ₹5

Market cap

₹572 Cr

P/E

15.4×

P/B

19.5×

Dividend yield

6.2%

ROE

136.9%

ROCE

134.1%

Debt / equity

0.05

OPM

29.7%

EPS (TTM)

₹15.6

Book value

₹12.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Exceptionally high ROE of 136.94% suggests thin equity base or concentrated profit drivers — verify sustainability and underlying factors
Stock returned -12.9% YoY despite profitable operations and dividend payments — investigate disconnect between earnings stability and shareholder returns
Minimal institutional ownership (FII 0.01%, DII 0.01%) despite consistent profitability — verify reasons for low institutional participation
Revenue shows flat-to-fluctuating trend (₹39.45–₹43.03 Cr range); growth trajectory and underlying market drivers require verification

Generated analysis · source review pending

Growth drivers

Revenue range ₹39–43 Cr per quarter with stable 28–32% OPM; verify what could drive growth beyond this range in software/consulting sector
EPS stable ₹3.53–4.13 over 8 quarters; verify if earnings growth is limited by revenue plateau, capex intensity, or share count
Low D/E of 0.05 enables deployment of capital for organic investment or acquisitions; verify strategic allocation to growth initiatives
Operating margin band of 28–32% indicates controllable cost base; verify if fixed-cost leverage enables profit acceleration with revenue growth

Generated analysis · source review pending

1,473 historical price candles were omitted because the exchange source has not been verified.

₹241.1-2.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 146.2% (3-yr avg)
+High return on capital employed of 162.5%
+Healthy operating margin of 29.7%
+Revenue CAGR of 27.6% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 53.5×
+Dividend yield of 6.2%
+Dividend payout of 95.8% of profit

Cons

−Trading at 19.5× book value

Research score

Structured signal from quality, growth, valuation and momentum.

75/100

Business quality: 96
Growth

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.

Screen this industry Compare top 5 side-by-side

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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 2023	Mar 2024	Mar 2025	Mar 2026
	78	109	137	163
	45	62	90	114
	33	46	48	48
OPM %	42%	42.7%	34.8%	29.7%
Depreciation	1	1	2	3
Interest	0	0	0	1
	1	0	0	1
Profit before tax	33	46	46	45
Tax	8	12	11	11
Tax %	25%	25.5%	25.1%	23.9%
	25	34	34	34
PAT margin %	31.6%	31.4%	25%	21.1%
EPS (₹)	20.9	28.8	14.5	14.5
EPS adjusted (₹)	10.4	14.4	14.5	14.5
	74.3%	67.7%	162.4%	—
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	12	12	12	12	12
Reserves	—	11	12	9	18
	—	0	0	9	2
	—	12	16	27	31
Total equity & liabilities	—	34	40	56	62
	1	1	2	7	2
CWIP	—	0	—	0	0
Investments	—	0	0	0	0
	—	33	37	49	60
Total assets	—	34	40	56	62

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	21	33	34	31
	-0	-2	-8	-1
	-19	-33	-23	-33
Net cash flow	2	-1	3	-4
Free cash flow	20	31	27	29
CFO / Operating profit %	63%	71.6%	71.3%	63.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 28%
1 year: 18%

Compounded profit growth

7 years: —
5 years: —
3 years: 12%
1 year: 0%

Return on equity

7 years: —
5 years: —
3 years: 142%
Last year: 117%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	42%	42.7%	34.8%	29.7%
EBIT margin %	41.3%	41.9%	33.2%	27.8%
PAT margin %	31.6%	31.4%	25%	21.1%
Working capital
Receivable days	71	54	56	70
Inventory days	0	0	0	0
Payable days	4	1	2	2
NWC days	67	52	55	68
Leverage
Current ratio	3.1	2.64	1.69	2.4
Debt to EBITDA	0	0	0.19	0.03
Debt to equity	0	0	0.43	0.05
Interest coverage	—	—	164.6	53.5
Asset turnover	2.3	2.75	2.44	2.62
Return ratios
Return on assets %	72.5%	86.3%	60.9%	55.3%
Return on capital employed %	138.8%	184.8%	168.5%	134.1%
Return on equity %	110.4%	143.2%	165.3%	116.8%

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
	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.92%	58.92%
	1.88%	1.75%	1.87%	1.55%	0.87%	0.78%	0.62%	0.48%	0.1%	0.13%	0.08%	0.01%
	0%	0%	0.08%	0.08%	0.08%	0.08%	0%	0.01%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	39.18%	39.31%	39.11%	39.43%	40.11%	40.2%	40.44%	40.57%	40.95%	40.92%	40.99%	41.06%
No. of shareholders	—	—	—	—	—	—	—	—	62,190	60,944	59,268	58,234

Promoter holding down 0.02 percentage points since Sep 2023.

9 deals · 19 Sept 2022 – 15 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
15 Jul 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	1,53,732	₹331.38	₹5.09 Cr
15 Jul 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	1,53,732	₹331.64	₹5.10 Cr
4 May 2026	VARUN MEHRA	Bulk	NSE	Sell	2,09,490	₹282.71	₹5.92 Cr
4 May 2026	VARUN MEHRA	Bulk	NSE	Buy	1,86,490	₹287.02	₹5.35 Cr
20 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,48,950	₹452.33	₹6.74 Cr
20 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,48,950	₹450.51	₹6.71 Cr
19 Apr 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,01,736	₹606.51	₹6.17 Cr
19 Apr 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,01,736	₹604.96	₹6.15 Cr
19 Sept 2022	DEEPALI VERMA	Bulk	NSE	Sell	1,86,000	₹400.08	₹7.44 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Ratan Kumar SrivastavaExecutive Director-Chairperson-MD
Ms. Deepali VermaExecutive Director
Ms. Varsha ChoudhryNon-Executive - Independent Director
Mr. Varun SharmaNon-Executive - Independent Director
Ms. Sushma SamarthNon-Executive - Independent Director
Mr. Vineet KrishnaNon-Executive - Independent Director
Ms. Manisha KideCompany 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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ksolves India Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Loading documents…

Events

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

13

Interim dividend21 Jul 2026 · ex-date₹4
Interim dividend27 Jan 2026 · ex-date₹5
Interim dividend23 Oct 2025 · ex-date₹5
Interim dividend25 Jul 2025 · ex-date₹1
Interim dividend25 Mar 2025 · ex-date₹7.5
Interim dividend28 Oct 2024 · ex-date₹8
Interim dividend28 Jun 2024 · ex-date₹8
Interim dividend21 Mar 2024 · ex-date₹5
Interim dividend25 Jan 2024 · ex-date₹7.5
Interim dividend26 Oct 2023 · ex-date₹7
Final dividend14 Jul 2023 · ex-date₹8
Interim dividend3 Mar 2023 · ex-date₹3
Interim dividend27 Oct 2022 · ex-date₹4.5

1

Board meeting to consider results15 Jul 2026

1

Face value ₹10 → ₹56 Feb 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

96 announcementsExport CSV

30 Sept 2026, 7:37 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	42%	42.7%	34.8%	29.7%
EBIT margin %	41.3%	41.9%	33.2%	27.8%
PAT margin %	31.6%	31.4%	25%	21.1%
Working capital
Receivable days	71	54	56	70
Inventory days	0	0	0	0
Payable days	4	1	2	2
NWC days	67	52	55	68
Leverage
Current ratio	3.1	2.64	1.69	2.4
Debt to EBITDA	0	0	0.19	0.03
Debt to equity	0	0	0.43	0.05
Interest coverage	—	—	164.6	53.5
Asset turnover	2.3	2.75	2.44	2.62
Return ratios
Return on assets %	72.5%	86.3%	60.9%	55.3%
Return on capital employed %	138.8%	184.8%	168.5%	134.1%
Return on equity %	110.4%	143.2%	165.3%	116.8%

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

Date	Category	Subject	Filing
30 Sept 2026, 7:37 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 11:24 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 9:53 am	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
5 Sept 2026, 9:27 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 9:21 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 11:34 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
4 Sept 2026, 10:29 pm	AGM/EGM AGM	Notice Of 12Th Annual General Meeting	PDF
3 Sept 2026, 4:31 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of Board Meeting	PDF

Ksolves India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends13

Board meetings1

Stock splits1

Announcements

Dividends13

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

13

1

1

13

1

1