MoneyWorks4Me

ESDS Software Solution Ltd (ESDS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544898 NSE: ESDS IT - Software | Small Cap | ESDS Software Solun. Share Price

₹1,716.35 156.00 (10.00%)

As on 11-Sep'26 16:01

ESDS Software Solution Ltd (ESDS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544898 NSE: ESDS IT - Software | Small Cap | ESDS Software Solun. Share Price

₹1,716.35 156.00 (10.00%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹18,289 Cr.
Current Price
₹1,716.4
52-Week Low / High
₹746 / 1,560
TTM EPS
₹10.3
TTM Sales
₹472 Cr.
Book Value per Share
₹118.6
P/E Ratio
152.05
Industry PE
20.8
Price to Book (P/B)
13.16
Price to Sales (P/S)
38.73
EV/EBITDA
70.38
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
25.84%
Outperforms industry median
Return on Capital Employed (ROCE)
34.20%
Outperforms industry median
Return on Assets (ROA)
9.32%
Operating Profit Margin
49.6%
Net Profit Margin
25.59%
Gross Profit Margin
48.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
39.73%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
51.78%
Net Profit Growth (1 Year)
-
117.26%
Asset Quality
Promoter Holding
39.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,378 Cr.
Equity
₹11.7 Cr.
Face Value
₹1
All Time Low / High
₹746.30 / 1418.50

ESDS Software Solution stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is ESDS Software Solution Ltd a good quality company?
ESDS Software Solution Ltd is a average quality company, based on a somewhat consistent 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 ESDS Software Solution Ltd performance compare with that of its Peers?
Q.1 Revenue growth of ESDS Software Solution Ltd vs industry peers?
ESDS Software Solution Ltd revenue CAGR is 14.85%, compared to the industry median CAGR of 3.19%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of ESDS Software Solution Ltd?
Promoters hold % of the ESDS Software Solution Ltd, with % of their stake pledged, indicating no pledge risk.
Q.1 Stock return of ESDS Software Solution Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
ESDS Software Solution Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11.8%6.5%14.1%20.3%25.7%11.1%12.8%6.9%0.5%14.4%-
Value Creation
Index
-0.1-0.50.00.50.9-0.2-0.1-0.5-1.00.0-

Growth Parameters

Sales 35.5507199.7141159172193201281281
Sales YoY Gr.-41%41.9%40.4%41.3%13.3%7.8%12.4%4.2%39.7%-
Adj EPS 0.50.31.11.63.91.21.70.5-1.31.91.4
YoY Gr.--46.8%332%50.9%141.1%-69.2%43.8%-70.1%-340.4%NA-
BVPS (₹) 4.54.85.87.516.7111723.424.626.40
Adj Net
Profit
2.51.35.68.520.56.39.14.7-11.617.317
Cash Flow from Ops. 5.49.421.62019.153.146.331.754.579.4-
Debt/CF from Ops. 4.92.51.322.711.53.52.51.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 25.9%14.9%17.8%39.7%
Adj EPS 16.5%-13.9%2.3%NA
BVPS21.6%9.6%15.9%7.2%
Share Price - - - -

Key Financial Parameters

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.32.710.914.623.74.75.12.3-5.17.110.7
Op. Profit
Mgn %
17.617.126.629.835.234.837.531.72434.5NAN
Net Profit
Mgn %
72.67.98.614.645.32.5-5.86.15.9
Debt to
Equity
0.60.50.50.60.50.30.40.50.60.5-
Working Cap
Days
3082451981892392882882933242660
Cash Conv.
Cycle
8011296791424123367780

Valuation of ESDS Software Solun. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales72100136159172195208287361472
Operating Expenses > + 536990109110137160185207238
Manufacturing Costs4958101724354252
Material Costs81604000000
Employee Cost 192227485971778594104
Other Costs > 22215749424959647181
Operating Profit > 18314550625947102154234
Operating Profit Margin (%) 25.5%30.7%33.3%31.4%35.8%30.0%22.8%35.6%42.7%49.6%
Other Income > + 23222356168
Exceptional Items > 00000-4-5-1-00
Interest > 351211181826322512
Depreciation > 8131737374349536263
Profit Before Tax > 8151839-2-282283167
Tax > 354331-592747
Profit After Tax 6101415-3-221456121
PAT Margin (%) 7.8%10.0%10.2%0.6%3.2%-1.4%-10.8%4.8%15.4%25.6%
Adjusted EPS (₹)1.01.82.60.11.0-0.3-2.41.45.512.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5161104151187205210224416538
Share Capital 292958991079991010
Reserves 2232465280196200215406528
Debt +17243642541061421314631
Long Term Debt12192527446693854128
Short Term Debt5412151041494652
Minority Interest01-1-1-0-0-0101
Trade Payables562332252628232939
Others Liabilities 37531221871951851261691651,330
Total Liabilities 1101442854124605235055486561,938

Fixed Assets

Net Fixed Assets +5170153249311306291322353388
Gross Block76108168299388386408541583679
Accumulated Depreciation253715507881117219230291
CWIP 22439500004
Investments 0000000045
Inventories0000000000
Trade Receivables26235046479889121143166
Cash Equivalents flag 1381011550202611,253
Others Assets 18406776837010610395123
Total Assets 1101442854124605235055486561,938
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 24132653495856531631,368
PBT 8151839-2-282283167
Adjustment 8133748586778868475
Changes in Working Capital 8-13-2010-23313-6311149
Tax Paid -3-6-9-95-10-78-4-24
Cash Flow From Investing Activity + -16-25-51-84-57-70-54-1-109-131
Capex -14-33-47-78-56-61-36-23-113-125
Net Investments 0000000180-11
Others -28-4-6-1-9-18345
Cash Flow From Financing Activity + 1728232232-21-667-45
Net Proceeds from Shares 0000031-101370
Net Proceeds from Borrowing 006217-8-18-8-44-17
Interest Paid -3-5-6-6-9-12-19-22-16-5
Dividend Paid 0000000000
Others 4122927132217-36-69-23
Net Cash Flow 9-52-81421-18-15611,192
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.5730.6431.411.848.47-1.92-11.186.5217.9425.84
ROCE (%)14.7521.8423.248.4211.835.33-0.514.6825.8234.2
Asset Turnover Ratio0.740.780.630.460.390.40.40.540.60.36
PAT to CFO Conversion(x)41.31.86539.8N/AN/A3.792.9111.31
Working Capital Days
Receivable Days103.4090.4098.70110.6098.40134.90163.80133.20133.30119.40
Inventory Days0000000000
Payable Days182.20126.2002,389.10000000

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Announcements

ESDS Software Solution Ltd FAQs

The current trading price of ESDS Software Solun. on 11-Sep-2026 16:01 is ₹1,716.4.

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 10-Sep-2026 the market cap of ESDS Software Solun. stood at ₹18,289 Cr

The latest P/E ratio of ESDS Software Solun. as of 10-Sep-2026 is 1,109.6.

The latest P/B ratio of ESDS Software Solun. as of 10-Sep-2026 is 0.00.

The 52-week high of ESDS Software Solun. is ₹1,560.4 and the 52-week low is ₹746.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ESDS Software Solun. is ₹281 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that ESDS Software Solution Ltd is a average quality company.

The key valuation ratios of ESDS Software Solution Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ESDS Software Solution Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About ESDS Software Solution Ltd

ESDS Software Solution was originally incorporated as a private limited company under the name of ‘ESDS Software Solution Private Limited’ under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 18, 2005, issued by the Registrar of Companies. 

ESDS Software Solution is an AI-enabled cloud, managed services, data centre infrastructure and software solutions provider in India. It is one of the only two players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India. It offers a comprehensive platform of cloud infrastructure and software solutions consisting of (i) infrastructure as a service (IaaS), which is broadly divided into colocation and data centre services, cloud services and cloud computing, (ii) managed services, and (iii) software as a service (SaaS), which allows to provide well-architected cloud-adoption solutions to its customers aimed at reducing their cost while providing security, flexibility, scalability and reliability. The company was one of the first cloud service providers in India to offer community cloud services, provided on a multi-tenant model to a group of organizations with similar business models and requirements, such as data privacy, security, compliances and regulatory requirements.

The company provides its services to a diverse range of end-user industries and customers, comprising: (i) banking, financial services and insurance companies (BFSI); (ii) public sector entities, including central, state, and local government departments, public sector undertakings (PSUs), government agencies, and institutions that procure products or services for administrative, infrastructure, or public service purposes (Government); (iii) and businesses and enterprises not included in BFSI or Government (Enterprises).

Business area of the company

ESDS Software Solution is engaged in providing IT enabled services (Infrastructure as a service, software as a service and managed services) and supply of IT enabled products closely connected with the rendering of the IT enabled services.

Services of the company

Infrastructure-as-a-service (IaaS)

  • Colocation and Data Centre services
  • Cloud services and cloud computing

Managed services

Software-as-a-Service (SaaS)

Awards, accreditations or recognitions

  • 2010: Received Green IT Infrastructure award at the Maharashtra IT Awards, by Government of Maharashtra.
  • 2011: Received Maharashtra Information Technology Award 2011 for Best IT Enabled Services.
  • 2012: Most Promising Banking Technology Solutions & Service Provider in North Maharashtra conferred at the Business & Service Excellence Awards 2012 by Big Research.
  • 2013: Best Web Solution and Data Centre Service Provider in Maharashtra conferred at the Global Business & Service Excellence Awards 2013 by Prime Time Research Media Private Limited.
  • 2014: Received ‘Innovation in Cloud Based Technology’ award from The Economic Times.
  • 2014: The award for Best Web Hosting and Data Centre Service Provider in West India conferred at the Global Business & Service Excellence Awards 2014 by Prime Time Research Media Private Limited.
  • 2015: Received ‘Trendsetter’ award 2015 for Excellence in IT Innovation by NetApp.
  • 2016: Ranked 98th amongst India’s Best Companies to Work for by Great Place to Work and The Economic Times.
  • 2016: Received NetApp Innovation Award 2016 in the recognition of cloud computing innovation.
  • 2017: Received Innovation in Cloud Technology Award at the 7th Annual Aegis Graham Bell Awards.
  • 2017: Ranked 13th in India’s Great Mid-Size Workplaces 2017 by The Mint.
  • 2018: Received CIO Choice Award under the category titled, 'Public Cloud' for double patented AutoVertical Scaling ‘eNlight Cloud’.
  • 2018: Recognised as ‘Best Smart City Community Cloud Provider’ at the Smart Livable and Resilient City Conclave.
  • 2019: Ranked 2nd in the Great Mid-Sized Workplaces of India by Great Place to Work Institute India.
  • 2020: Recognised as the 15th Best Small & Medium Workplaces in Asia 2020 by Great Place to Work Institute.
  • 2020: Recognised as among India’s 50 Best Workplaces for Women 2020 by Great Place to Work Institute India.
  • 2020: Ranked 28th amongst India’s Best Companies to Work for by Great Place to Work® Institute India and The Economic Times.
  • 2021: Recognized by the Great Place to Work Institute for its ‘Commitment To Being a Great Place to Work’.
  • 2021: Best Mid-Segment Data Center Award at the Data Center Industry Awards for Excellence 2021.
  • 2021: Recognised as the Best Tech Brand 2020-21 at the Best Tech Brands 2021 by The Economic Times.
  • 2021: Recognised as the ‘Most Admired Brand’ 2021 by VARINDIA.
  • 2021: Recognised as one of the Top 75 India’s Best Workplaces in IT & IT-BPM 2021 by the Great Place to Work Institute, India.
  • 2021: Recognised as one of the Top 50 India’s Best Workplaces for Women 2021 by the Great Place to Work Institute, India.
  • 2022: Recognized as the Most Preferred and Trusted Cloud Service Provider at ET Achievers 2022, Karnataka organised by the Times Group.
  • 2022: Winner of the 12th Aegis Graham Bell Award in the category of ‘Combat COVID19 with Artificial Intelligence’.
  • 2023: Recognised as the outstanding cloud services provider by NBFC 100 Leader Excellence Awards.
  • 2023: Awarded the ‘Most Admired Brand’ by VARINDIA Magazine.
  • 2023: Awarded the ‘The Best Cloud as a Service Provider’ at the ‘MSP India Summit 2023’ in the Cloud Category.
  • 2024: Recognised as among India’s Top 25 Mid-size workplaces by building a culture of innovation by all by Great Place to Work Institute India.
  • 2024: Awarded the ‘Best Learning Culture in an Organisation- Small & Medium Sized Enterprises’ at the Economic Times HR World, Future Skills Awards.
  • 2025: Awarded the ‘Excellence in Learning & Development’ at the HR Summit & Awards by Financial Express.
  • 2025: Awarded the ‘Best Cybersecurity Innovation in Fintech’ at the 2nd Bharat NBFC & Fintech Summit and Awards.
  • 2025: Awarded the ‘Best Managed Security Services’ at the Middle East Gen AI & Analytics Summit.
  • 2025:  Awarded the ‘Leadership in Urban Innovation’ at the Urban Innovation Infrastructure Summit.
  • 2025: Awarded the ‘Innovation in Self-Service Storage Management’ at the NetApp Innovation Awards.
  • 2026: VarIndia recognized ESDS as one of the Most Admired Brands in ICT industries.
  • 2026: Awarded the “Excellence in Energy-Efficient Data Centre Initiatives” at the Data Centre & Infrastructure Summit, 2026.

History and milestones

  • 2010: Launch of its data centre in Nashik, Maharashtra.
  • 2011: Launch of the company’s intelligent cloud computing platform- eNlight Cloud.
  • 2015: The company received a USPTO patent for a ‘method and system for real time detection of resource requirement and automatic adjustments’ in relation to its ‘eNlight Cloud’ service.
  • 2016: Launch of its data centre in Mahape, Navi Mumbai, Maharashtra.
  • 2017: Entered into a rate contract with DIT Maharashtra.
  • 2019: Investment by GEF Capital Partners in the Company through South Asia Growth Fund II, L.P. and Global Environment Capital Company, L.L.C.
  • 2019: Incorporation of foreign Subsidiaries, namely ESDS Cloud FZ-LLC in Dubai (United Arab Emirates) and ESDS Global Software Solution, Inc. in the State of Delaware (United States of America).
  • 2019:  Appraised at maturity level 3 of the capability maturity model integrated for software discipline by Map Certifications Private Limited.
  • 2019: Extension of empanelment with the Ministry of Electronics and Information Technology, Government of India as a cloud service provider in India.
  • 2020: Additional investment by GEF Capital Partners in the Company through South Asia Growth Fund II.
  • 2020: Holdings, LLC and South Asia EBT Trust (acting through its trustee at the time, Orbis Capital Limited).
  • 2020: Launch of its data centre in Bengaluru, in partnership with STPI, pursuant to master service agreement entered into by us with STPI
  • 2020: Introduction of information technology consultancy in services portfolio.
  • 2021: Additional investment by GEF Capital Partners in the Company through South Asia Growth Fund II.
  • 2021: Holdings, LLC, South Asia Growth Fund II, L.P., GEF ESDS Partners, LLC and South Asia EBT Trust (acting through its trustee, Orbis Trusteeship Services Private Limited).
  • 2021: Conversion of the company from a private limited to public limited company.
  • 2022: Launch of its data centre in Mohali, Punjab, pursuant to master service agreement entered into by the company with STPI.
  • 2022:  Received a patent from the Government of India for a “method and system for real time detection of resource requirement and automatic adjustments”
  • 2022:  Appraised at maturity (CMMi) level 3 on the capability maturity model integration by Maverick Quality Advisory Services.
  • 2023: Launch of its data centre in Airoli.
  • 2024: Appraised at maturity (CMMi) level 5 of the capability maturity model integrated for software discipline by Maverick Quality Advisory Services.
  • 2025: Launch of its data centre in Noida, Uttar Pradesh.
  • 2025: Entered into a master service agreement dated August 1, 2025 with respect to the Proposed Kolkata Data Centre
  • 2025: Entered into an agreement dated October 1, 2025 with Central Electronics Limited for the Proposed Sahibabad Data Centre.
  • 2026: Rebranding of ‘eNlight Cloud’ to ‘Swaraj’.

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