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Sonata Software Ltd (SONATSOFTW)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532221 NSE: SONATSOFTW IT - Software | Small Cap | Sonata Software Share Price
₹265.85 5.65 (2.17%)
As on 11-Sep'26 16:59
Sonata Software Ltd (SONATSOFTW)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532221 NSE: SONATSOFTW IT - Software | Small Cap | Sonata Software Share Price
₹265.85 5.65 (2.17%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹7,455 Cr.
Current Price
₹265.9
52-Week Low / High
₹209 / 421
TTM EPS
₹16.5
TTM Sales
₹11,015 Cr.
Book Value per Share
₹71.2
P/E Ratio
16.10
Lower than its 5-year historical median
Industry PE
20.8
Price to Book (P/B)
3.74
Lower than its 5-year historical median
Price to Sales (P/S)
0.68
Lower than its 5-year historical median
EV/EBITDA
9.06
Lower than its 5-year historical median
Dividend Yield
2.97%
Profitability Efficiency
Return on Equity (ROE)
25.97%
Outperforms industry median
Return on Capital Employed (ROCE)
29.47%
Outperforms industry median
Return on Assets (ROA)
8.97%
Operating Profit Margin
6.9%
Net Profit Margin
4.34%
Gross Profit Margin
7.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
37.87%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.2%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
9.35%
Asset Quality
Promoter Holding
28.17%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,967 Cr.
Equity
₹28 Cr.
Face Value
₹1
All Time Low / High
₹2.38 / 867.10
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Sonata Software Ltd a good quality company?
Sonata Software 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 Sonata Software Ltd performance compare with that of its Peers?
Revenue growth of Sonata Software Ltd vs industry peers?
Sonata Software Ltd revenue CAGR is 20.41%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Sonata Software Ltd?
Promoters hold 28.17% of the Sonata Software Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Sonata Software Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.8% 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.
Sonata Software 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 39.6% | 41.4% | 46.7% | 61.7% | 57.6% | 52.5% | 48.2% | 61% | 31.7% | 43.4% | - |
| Value Creation Index ⓘ | 1.8 | 2.0 | 2.3 | 3.4 | 3.3 | 2.9 | 2.6 | 4.4 | 1.4 | 2.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 593 | 689 | 829 | 877 | 781 | 758 | 921 | 950 | 991 | 1,367 | 1,532 |
| Sales YoY Gr. | - | 16.2% | 20.5% | 5.7% | -10.9% | -3% | 21.5% | 3.2% | 4.3% | 37.9% | - |
| Adj EPS ⓘ | 4.4 | 4.8 | 6.3 | 7.4 | 6.4 | 8.1 | 8 | 12.9 | 7.5 | 9.7 | 10.6 |
| YoY Gr. | - | 9.3% | 30.9% | 16.8% | -13.2% | 26.3% | -0.7% | 60.4% | -42.1% | 29.9% | - |
| BVPS (₹) ⓘ | 16.9 | 17.7 | 19.2 | 13.4 | 19 | 20.5 | 19.6 | 25 | 28.4 | 28.8 | 29.9 |
| Adj Net Profit ⓘ | 122 | 134 | 175 | 204 | 177 | 224 | 222 | 357 | 207 | 268 | 297 |
| Cash Flow from Ops. ⓘ | 97.3 | 149 | 37.1 | 281 | 188 | 152 | -54.6 | -191 | -21.3 | 43 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.7% | 11.8% | 14.1% | 37.9% | ||||
| Adj EPS ⓘ | 9.1% | 8.6% | 6.5% | 29.9% | ||||
| BVPSⓘ | 6.1% | 8.7% | 13.7% | 1.7% | ||||
| Share Price | 16.8% | -3.7% | -21.3% | -30.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 29.5 | 27.8 | 34.1 | 45.1 | 39.3 | 40.7 | 39.5 | 56.7 | 27.4 | 33.1 | 36.1 |
| Op. Profit Mgn % ⓘ | 25 | 23.2 | 27.8 | 25.5 | 29.9 | 18.4 | 14.1 | 7.6 | 7.8 | 13.2 | 13.4 |
| Net Profit Mgn % ⓘ | 20.6 | 19.4 | 21.1 | 23.3 | 22.7 | 29.5 | 24.2 | 37.6 | 20.9 | 19.6 | 19.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 178 | 134 | 142 | 147 | 240 | 267 | 194 | 276 | 314 | 282 | 119 |
| Cash Conv. Cycle ⓘ | 52 | 53 | 65 | 69 | 39 | 25 | 42 | 116 | 186 | 169 | 72 |
Valuation of Sonata Software - 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,371 | 2,454 | 2,961 | 3,743 | 4,228 | 5,553 | 7,449 | 8,613 | 10,157 | 10,701 |
| Operating Expenses > ⓘ + | 2,179 | 2,223 | 2,625 | 3,370 | 3,849 | 5,099 | 6,849 | 7,886 | 9,477 | 10,013 |
| Operating Profit > ⓘ | 192 | 231 | 336 | 373 | 379 | 454 | 600 | 727 | 680 | 688 |
| Operating Profit Margin (%) | 8.1% | 9.4% | 11.3% | 10.0% | 9.0% | 8.2% | 8.1% | 8.4% | 6.7% | 6.4% |
| Other Income > ⓘ + | 47 | 45 | 27 | 58 | 28 | 112 | 75 | 126 | 81 | 160 |
| Interest > ⓘ | 9 | 5 | 3 | 15 | 15 | 18 | 19 | 85 | 65 | 54 |
| Depreciation > ⓘ | 11 | 12 | 13 | 37 | 40 | 47 | 59 | 132 | 121 | 104 |
| Profit Before Tax > ⓘ | 226 | 260 | 349 | 379 | 352 | 500 | 597 | 461 | 574 | 627 |
| Tax > ⓘ | 69 | 68 | 101 | 103 | 108 | 124 | 145 | 153 | 149 | 163 |
| Profit After Tax | 157 | 192 | 249 | 277 | 244 | 376 | 452 | 309 | 425 | 464 |
| PAT Margin (%) | 6.6% | 7.8% | 8.4% | 7.4% | 5.8% | 6.8% | 6.1% | 3.6% | 4.2% | 4.3% |
| Adjusted EPS (₹) | 5.7 | 7.0 | 9.0 | 10.0 | 8.8 | 13.6 | 16.3 | 11.1 | 15.3 | 16.8 |
| Dividend Payout Ratio (%) | 59.70% | 56.60% | 53.20% | 76% | 59.60% | 58% | 48.30% | 71.10% | 28.80% | 47.10% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 589 | 652 | 766 | 667 | 903 | 1,097 | 1,291 | 1,393 | 1,690 | 1,887 | |
| Debt + | 35 | 19 | 16 | 86 | 90 | 38 | 347 | 480 | 228 | 284 | |
| Minority Interest | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 448 | 432 | 587 | 562 | 651 | 1,055 | 1,295 | 1,416 | 1,557 | 1,800 | |
| Others Liabilities ⓘ | 120 | 117 | 147 | 277 | 897 | 592 | 1,723 | 2,115 | 1,440 | 1,470 | |
| Total Liabilities ⓘ | 1,193 | 1,220 | 1,516 | 1,592 | 2,541 | 2,782 | 4,656 | 5,404 | 4,915 | 5,441 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 118 | 114 | 199 | 298 | 324 | 427 | 1,732 | 1,671 | 1,603 | 1,823 | |
| CWIP ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 26 | 74 | |
| Investments ⓘ | 128 | 198 | 146 | 14 | 76 | 159 | 220 | 245 | 249 | 186 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 3 | 29 | 98 | 47 | 37 | |
| Trade Receivables | 520 | 396 | 811 | 700 | 616 | 922 | 1,236 | 1,605 | 1,741 | 1,849 | |
| Cash Equivalents | 253 | 347 | 199 | 396 | 677 | 770 | 730 | 865 | 449 | 421 | |
| Others Assets ⓘ | 174 | 164 | 160 | 184 | 849 | 502 | 708 | 920 | 800 | 1,049 | |
| Total Assets ⓘ | 1,193 | 1,220 | 1,516 | 1,592 | 2,541 | 2,782 | 4,656 | 5,404 | 4,915 | 5,441 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 185 | 290 | -6 | 369 | 443 | 450 | 268 | 281 | 644 | 538 |
| Cash Flow From Investing Activity ⓘ + | -0 | 102 | 11 | 139 | -114 | -83 | -855 | -54 | -436 | -217 |
| Cash Flow From Financing Activity ⓘ + | -173 | -140 | -166 | -310 | -62 | -271 | 187 | -109 | -433 | -266 |
| Net Cash Flow ⓘ | 11 | 251 | -161 | 198 | 266 | 96 | -400 | 118 | -225 | 54 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 29.6 | 30.96 | 35.11 | 38.65 | 31.08 | 37.65 | 37.85 | 22.99 | 27.55 | 25.97 |
| ROCE (%) | 36.44 | 39.8 | 47.98 | 51.27 | 41.98 | 48.62 | 42.01 | 28.2 | 30.22 | 29.47 |
| Asset Turnover Ratio | 2.06 | 2.03 | 2.16 | 2.41 | 2.05 | 2.09 | 2 | 1.71 | 1.97 | 2.07 |
| PAT to CFO Conversion(x) | 1.18 | 1.51 | -0.02 | 1.33 | 1.82 | 1.2 | 0.59 | 0.91 | 1.52 | 1.16 |
| Working Capital Days | ||||||||||
| Receivable Days | 67.30 | 68.20 | 74.40 | 73.70 | 56.80 | 50.50 | 52.90 | 60.20 | 60.10 | 61.20 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0.20 | 0.80 | 2.70 | 2.60 | 1.40 |
| Payable Days | 86.90 | 108 | 104.50 | 86.80 | 74 | 77.40 | 78.60 | 85 | 76.60 | 78.30 |
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Sonata Software Ltd FAQs
The current trading price of Sonata Software on 11-Sep-2026 16:59 is ₹265.9.
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 Sonata Software stood at ₹7,455.1 Cr
The latest P/E ratio of Sonata Software as of 10-Sep-2026 is 25.09.
The latest P/B ratio of Sonata Software as of 10-Sep-2026 is 8.88.
The 52-week high of Sonata Software is ₹421.4 and the 52-week low is ₹208.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sonata Software is ₹1,532 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sonata Software Ltd is a good quality company.
The key valuation ratios of Sonata Software Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sonata Software Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Sonata Software Ltd
Sonata Software is the leading Modernization company. The company’s unique Modernization approach through Platformation.AI helps create Efficient and Agile digital businesses to drive intelligent ecosystems of the future. Its bouquet of Modernization Engineering Services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernization platforms.
The company’s unique and innovative Responsible-first AI offering Sonata Harmoni.AI is a comprehensive platform powered by GenAI and encompasses a variety of industry solutions, service delivery platforms, and accelerators. It is distinguished by its embedded ethics, privacy, security, and compliance. The company enables its clients to leverage AI in three different ways: i) driving efficiencies, ii) driving higher consumer experience/modern sales, and iii) driving innovative business models.
Headquartered in Bengaluru, India, the company has a strong global presence, including key regions North America, UK, Europe, APAC, and ANZ. The company is one of the fastest growing IT Services companies and a trusted partner of Fortune 500 companies in Banking, Financial Services and Insurance (BFSI); Healthcare and Lifesciences (HLS); Telecom, Media, and Technology (TMT); and Retail, Manufacturing and Distribution (RMD) space.
The company boasts of a very strong partnership with Microsoft, AWS and many others. The company is proud member of Microsoft AI Partner Council and has also achieved AWS Generative AI Competency. Also, the company is member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric.
Business area of the company
The company is the leading AI-first Modernization Engineering company and is engaged in providing IT services and solutions to customers globally, with a presence in the USA UK, Europe, ANZ, APAC, and distribution of software products in India. The company's consolidated operations include Indian and overseas subsidiaries.
Awards
- 2009: Winner in the Deloitte Technology Fast 500 Asia Pacific 2009 Program
- 2011: Listed among Global Services Top 100 Companies for FY 2010-2011
- 2011: Featured in Global Services’ list of Emerging Infrastructure Management Vendors and Top Speciality Product Engineering Vendors for FY 2010-2011
- 2011: Ranked among Top 50 companies by Dataquest for FY 2010-2011
- 2012: Ranked 6th in the Software Products segment by Zinnov Management Consulting Pvt. Ltd.
- 2012: Sonata’s travel extensions & integrations over and above the core Hybris platform bagged Most Innovative Partner Award for the year 2012: Travel domain expertise
- 2018: Siemens names Sonata Software the ‘Most Value-added Partner of the year 2018'
- 2018: IBM awards ‘Best Software Partner of the Year – Commercial Segment’ to Sonata Software for the year 2018.
- 2018: Featured in the leadership zone of service providers in two key categories - Independent Software Vendors (ISVs) and Consumer Software Service Providers by Zinnov Management Consulting Pvt. Ltd. Sonata has also been ranked as an established, niche R&D service provider on the overall front
- 2018: Sonata Software has been assessed at CMMI Level 5 (Version 1.2-Development Model) for its development centers in Bangalore and Hyderabad
- 2019: MS certified Platform solutions - Brick & Click and Modern Distribution 2018-19
- 2020: UiPath has certified Sonata Software as Gold Tier Partner 2020
- 2020: Sonata Information Technology Limited is now IBM Software - Platinum Business Partner 2020
- 2022: Sonata Software bagged the coveted Golden Peacock Award for Excellence In Corporate Governance 2022, second time in a row.
- 2023-24: Bronze Medal from EcoVadis ESG Rating FY23 showcasing its performance in ESG policies, measures, impact and disclosures
- 2023-24: Received B rating which represents Sonata is amongst 27% of companies that reached the management level
- 2023-24: Sonata has participated in S&P global CSA and received an ESG score of 54
- 2023-24: Sonata Software has become a signatory to the United Nations Global Compact (UNGC)
- 2023-24: Sonata received Certificate of Appreciation by ICSI Business Responsibility and Sustainability Awards, 2023
- 2023-24: Runner-up for Outstanding Demonstration of its Sustainability by INFHRA Awards 2023 – Sustainability
- 2023-24: ‘Single-use Plastic Free’ (SuPF) Certification
- 2024-25: Enterprise Innovator in HFS Horizons – Healthcare Payer Service Providers 2024.
- 2024-25: Major Contender in Everest Group Peak Matrix for Low Code Application Development Services - Focus on Microsoft Power Apps 2024.
- 2024-25: Major Contender in Everest Group Peak Matrix Retail and CPG Data, Analytics, and AI Services.
- 2024-25: Aspirant in Everest Group Peak Matrix for Data & Analytics Services 2024.
- 2024-25: Aspirant in Everest Group Peak Matrix for AI and Gen AI Services 2024.
- 2024-25: Disruptor in HFS Horizons - Azure Ecosystem Service Providers 2024.
- 2024-25: Disruptor in HFS Horizons - AADA (AI, Analytics, Data platforms & Automation) Services 2024.
- 2024-25: Disruptor in HFS Horizons - Best Service Providers for Commercial Banks 2025.
- 2024-25: Disruptor in HFS Horizons - Generative Enterprises 2025.
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