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KSolves India Ltd (KSOLVES)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543599 NSE: KSOLVES IT - Software | Small Cap | KSolves India Share Price
₹219.30 -25.15 (-10.29%)
As on 23-Oct'26 16:59
KSolves India Ltd (KSOLVES)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543599 NSE: KSOLVES IT - Software | Small Cap | KSolves India Share Price
₹219.30 -25.15 (-10.29%)
As on 23-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹580 Cr.
Current Price
₹219.3
52-Week Low / High
₹237 / 355
TTM EPS
₹15.6
TTM Sales
₹166 Cr.
Book Value per Share
₹16.3
P/E Ratio
15.63
Lower than its 5-year historical median
Industry PE
22
Price to Book (P/B)
15.03
Lower than its 5-year historical median
Price to Sales (P/S)
3.48
Lower than its 5-year historical median
EV/EBITDA
10.97
Lower than its 5-year historical median
Dividend Yield
5.02%
Profitability Efficiency
Return on Equity (ROE)
136.94%
Outperforms industry median
Return on Capital Employed (ROCE)
152.79%
Outperforms industry median
Return on Assets (ROA)
59.16%
Operating Profit Margin
30%
Net Profit Margin
21.1%
Gross Profit Margin
29.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
17.11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.35%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.03%
Asset Quality
Promoter Holding
58.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹27 Cr.
Equity
₹11.9 Cr.
Face Value
₹5
All Time Low / High
₹178.32 / 733.83
Check Before You Invest
Quality
Very GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is KSolves India Ltd a good quality company?
KSolves India Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does KSolves India Ltd performance compare with that of its Peers?
Revenue growth of KSolves India Ltd vs industry peers?
KSolves India Ltd revenue CAGR is 41.95%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of KSolves India Ltd?
Promoters hold 58.92% of the KSolves India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of KSolves India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -6.18% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KSolves India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'16 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 46.9% | 112.8% | 170.2% | 163.7% | 142.9% | 170.4% | 197.8% | 171.6% | 148.3% | - |
| Value Creation Index ⓘ | NA | 2.4 | 7.1 | 11.2 | 10.7 | 9.2 | 11.2 | 13.1 | 11.3 | 9.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 3.4 | 5.4 | 8.1 | 23.9 | 45.4 | 77.1 | 108 | 137 | 161 | 163 |
| Sales YoY Gr. | - | NA | 59.4% | 50.2% | 193.5% | 89.8% | 70.1% | 40.1% | 27% | 17.1% | - |
| Adj EPS ⓘ | 0 | 0.5 | 0.6 | 2.4 | 3.4 | 6.6 | 10.5 | 14.5 | 14.8 | 14 | 14.7 |
| YoY Gr. | - | NA | 18.9% | 281% | 42.9% | 91.3% | 60.7% | 38% | 1.6% | -5.4% | - |
| BVPS (₹) ⓘ | 0 | 1.5 | 0.7 | 3 | 5.1 | 6.9 | 9.5 | 10.1 | 9 | 12.2 | 15.8 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.2 | 0.7 | 8.1 | 15.6 | 25 | 34.5 | 35 | 33.1 | 35 |
| Cash Flow from Ops. ⓘ | 0 | 0.2 | 0.3 | 1 | 4.1 | 9.8 | 20.3 | 33.4 | 34.5 | 30.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 46.4% | 27.7% | 17.1% | ||||
| Adj EPS ⓘ | NA | 32.4% | 9.9% | -5.4% | ||||
| BVPSⓘ | NA | 18.9% | 8.7% | 35.1% | ||||
| Share Price | - | -6.2% | -25.8% | -32.6% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 35.4 | 87.8 | 129.6 | 122.6 | 108.5 | 128.9 | 148.3 | 154.3 | 131.8 | 105.4 |
| Op. Profit Mgn % ⓘ | 0 | 4.9 | 6.2 | 13.5 | 45.8 | 43.1 | 42.8 | 43.4 | 35.6 | 29.6 | 29.9 |
| Net Profit Mgn % ⓘ | 0 | 2.2 | 3.3 | 8.5 | 34 | 34.3 | 32.4 | 31.9 | 25.5 | 20.6 | 21.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 0 | 18 | 20 | 58 | 88 | 92 | 89 | 88 | 96 | 54 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | -7 | 23 | 45 | 52 | 50 | 48 | 57 | 35 |
Valuation of KSolves India - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 10 | 28 | 47 | 78 | 109 | 137 | 163 |
| Operating Expenses > ⓘ + | 9 | 16 | 27 | 45 | 62 | 89 | 114 |
| Operating Profit > ⓘ | 1 | 12 | 20 | 33 | 47 | 48 | 49 |
| Operating Profit Margin (%) | 11.9% | 43.1% | 42.9% | 42.0% | 42.8% | 34.9% | 29.9% |
| Other Income > ⓘ + | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Interest > ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation > ⓘ | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit Before Tax > ⓘ | 1 | 12 | 21 | 33 | 46 | 46 | 45 |
| Tax > ⓘ | 0 | 3 | 5 | 8 | 12 | 11 | 11 |
| Profit After Tax | 1 | 9 | 16 | 25 | 34 | 34 | 34 |
| PAT Margin (%) | 6.7% | 31.7% | 33.8% | 31.6% | 31.4% | 25.0% | 21.1% |
| Adjusted EPS (₹) | 2.4 | 3.8 | 6.7 | 10.4 | 14.4 | 14.5 | 14.5 |
| Dividend Payout Ratio (%) | 0% | 66.30% | 42.90% | 74.30% | 67.70% | 107.10% | 76% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1 | 13 | 17 | 22 | 24 | 21 | 29 | ||||
| Debt + | 0 | 0 | 0 | 0 | 0 | 9 | 2 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 0 | 0 | 1 | 0 | 0 | 0 | 1 | ||||
| Others Liabilities ⓘ | 1 | 4 | 6 | 11 | 15 | 25 | 29 | ||||
| Total Liabilities ⓘ | 2 | 17 | 23 | 34 | 39 | 55 | 61 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1 | 1 | 1 | 1 | 2 | 7 | 6 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Receivables | 0 | 4 | 9 | 15 | 16 | 21 | 31 | ||||
| Cash Equivalents | 0 | 8 | 7 | 9 | 8 | 10 | 7 | ||||
| Others Assets ⓘ | 1 | 4 | 6 | 9 | 13 | 16 | 17 | ||||
| Total Assets ⓘ | 2 | 17 | 23 | 34 | 39 | 55 | 61 | ||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1 | 5 | 10 | 21 | 33 | 34 | 31 |
| Cash Flow From Investing Activity ⓘ + | -1 | -0 | 1 | -0 | -2 | -8 | -1 |
| Cash Flow From Financing Activity ⓘ + | -0 | 3 | -12 | -19 | -33 | -23 | -33 |
| Net Cash Flow ⓘ | -0 | 8 | -1 | 2 | -1 | 3 | -4 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 77.37 | 127.47 | 106.59 | 126.58 | 147.8 | 153.95 | 136.94 | |||
| ROCE (%) | 86.29 | 167.8 | 140.15 | 168.86 | 199 | 172.63 | 152.79 | |||
| Asset Turnover Ratio | 4.85 | 2.94 | 2.32 | 2.75 | 2.99 | 2.91 | 2.8 | |||
| PAT to CFO Conversion(x) | 1 | 0.56 | 0.63 | 0.84 | 0.97 | 1 | 0.91 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 47.10 | 50 | 56.80 | 52.40 | 49.40 | 58.50 | |||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
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KSolves India Ltd FAQs
The current trading price of KSolves India on 23-Oct-2026 16:59 is ₹219.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Oct-2026 the market cap of KSolves India stood at ₹579.9 Cr
The latest P/E ratio of KSolves India as of 22-Oct-2026 is 16.59.
The latest P/B ratio of KSolves India as of 22-Oct-2026 is 15.50.
The 52-week high of KSolves India is ₹354.5 and the 52-week low is ₹236.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KSolves India is ₹163 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that KSolves India Ltd is a good quality company.
The key valuation ratios of KSolves India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of KSolves India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About KSolves India Ltd
The company was originally incorporated on July 17, 2014 as ‘Keyon Softwares Private Limited’ vide under the provisions of the Companies Act, 2013 with the Registrar of Companies, Delhi. Further, the company has changed its name from ‘Keyon Softwares Private Limited’ to ‘Ksolves India Private Limited’ vide Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on September 27, 2014 and a fresh certificate of incorporation dated October 14, 2014 issued by the Registrar of Companies, Delhi. Further, the company was converted into Public Limited Company and consequently name of company was changed from ‘Ksolves India Private Limited’ to ‘Ksolves India Limited’ vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on April 25, 2020 and a fresh certificate of incorporation dated April 28, 2020 issued by the Registrar of Companies, Delhi.
Business area of the company:
The company is an ISO certified software services and product company offering solutions that enables client organizations to rapidly develop powerful applications addressing their strategic business needs. The company is basically engaged in software development, enterprise solutions and consulting, providing a range of Information Technology (IT) solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare etc. The company design, develop and maintain software systems and solutions, create new applications and enhance the functionality of its customer’s existing software products.
Major Events and milestones:
- 2015: Incorporation of the company in the name and style of ‘Keyon Softwares Private Limited’.
- 2015: Changed its name from ‘Keyon Softwares Private Limited’ to ‘KSolves India Private Limited’.
- 2019: Acquire 100% stake in Subsidiary company i.e Kartik Solutions Private Limited.
- 2020: Converted into Public Limited Company vide fresh certificate of incorporation dated April 28, 2020.
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