Covance Softsol (BSE: COVANCE) had a P/E of 8.8× on 6 Nov 2026, below the industry P/E of 17.7×, and the shares are 37% below their 52-week high. It earns ROCE of 24% and ROE of 26%. It is a small-cap company with a market cap of ₹376 Cr, ranked 60th of 126 Information Technology Services companies by market cap; the shares rose 134% over the past year.
- ₹169.00
- ₹176.35
- ₹162.50
- ₹170.75
- 5.5K
Health check
- ReturnsAhead
+134.5% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 8.8 vs industry 17.7.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityAverage
ROCE 24.0% vs peer median 27.2%.
- Balance sheetFair
Piotroski 6 of 9.
- Red flags2 to check
Quarterly sales down 12.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹376 Cr
- Small cap
- P/E
- 8.8
- Industry 17.7
- Price to book
- n/a
- Peers 5.20
- Dividend yield
- 0.00%
- ROE
- 26.5%
- Peers 22.9%
- ROCE
- 24.0%
- Peers 27.2%
- Debt to equity
- n/a
- EPS (TTM)
- ₹19.22
- OPM (TTM)
- 27.1%
- Net margin 0.0%
- Sales growth
- −12.1%
- Latest quarter vs a year ago
- Profit growth
- +62.6%
- Latest quarter vs a year ago
- Price to sales
- 2.57
Strengths and risks
Strengths
- Return on equity of 26.5%.
- Return on capital employed of 24.0%.
- Quarterly profit up 62.6% on a year ago.
- P/E of 8.8 against an industry P/E of 17.7.
Risks to check
- Quarterly sales down 12.1% on a year ago.
- 37% below its 52-week high.
About Covance Softsol
Covance Softsol Limited provides information technology services and software solutions. The company offers business process transformation, enterprise application transformation, data transformation, tool assisted modernization services through big data, artificial intelligence, and machine learning. It serves government, high tech, insurance, healthcare, media, and manufacturing sectors. The company was founded in 1993 and is based in Hyderabad, India.
- Headquarters
- Hyderabad
- Sector
- Technology
- ISIN
- INE0R8101016
- Website
- covance.ai
Price range
- Avg volume (3M)
- 4.8K
- 1-year return
- plus 134.5%
- From 52-week high
- minus 37.1%
Peers · Information Technology Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TCSTata Consultancy Services | 2,498.50 | plus 0.11% | 9,03,979 | 17.5 | 7.60 | 54.9% | 45.6% | 26.5% | 5.8% | 5.3% | 1.92% | minus 16.5% |
| INFYInfosys | 1,181.40 | plus 1.20% | 4,78,511 | 15.7 | 4.91 | 39.0% | 30.0% | 23.1% | 6.7% | 6.9% | 4.40% | minus 20.5% |
| HCLTECHHCL Technologies | 1,440.00 | plus 0.66% | 3,89,754 | 21.3 | 5.20 | 27.2% | 24.6% | 20.8% | 8.7% | 3.9% | 3.33% | minus 6.4% |
| WIPROWipro | 198.00 | minus 0.20% | 1,95,898 | 15.6 | 2.46 | 17.8% | 15.9% | 19.2% | 0.8% | 5.2% | 4.04% | minus 16.6% |
| TECHMTech Mahindra | 1,831.00 | plus 0.46% | 1,79,476 | 29.4 | 5.47 | 19.8% | 19.2% | 17.2% | 2.2% | −0.1% | 2.79% | plus 29.3% |
| LTMLTM | 4,338.00 | minus 1.25% | 1,28,620 | 24.6 | 4.97 | 25.4% | 21.0% | 17.9% | 8.4% | 4.4% | 1.80% | minus 21.8% |
| PERSISTENTPersistent Systems | 6,053.50 | minus 0.92% | 99,859 | 53.0 | 11.12 | 29.4% | 22.9% | 16.9% | 20.9% | 26.5% | 0.59% | plus 4.3% |
| COVANCECovance Softsol | 169.70 | minus 0.61% | 376 | 8.8 | – | 24.0% | 26.5% | 27.1% | – | – | 0.00% | plus 134.5% |
| Median of 7 peers | – | 0.11% | 1,95,898 | 21.3 | 5.20 | 27.2% | 22.9% | 19.2% | 6.7% | 5.2% | 2.79% | −16.5% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 24.2 | 33.3 | 36.8 | 42.7 | 29.3 | |
| – | – | – | +76.5% | minus 12.1% | |
| 23.4 | 22 | 24.5 | 32.8 | 24.1 | |
| 0.8 | 11.2 | 12.3 | 9.9 | 5.1 | |
| 3.4% | 33.7% | 33.3% | 23.1% | 17.5% | |
| 1.3 | 0.6 | 4.3 | 3.2 | 11.9 | |
| 1.6 | 1.3 | 1.1 | 1.9 | 0.8 | |
| 0.3 | 0 | 0 | 0.3 | 0 | |
| 0.2 | 10.4 | 15.5 | 10.8 | 16.2 | |
| 873.8% | 25.4% | 18.4% | 41.8% | 21.7% | |
| −1.9 | 7.8 | 12.6 | 6.3 | 12.6 | |
| -0.97 | 5.27 | 5.70 | 2.85 | 5.71 |
Profit & loss
- ROE
- 26.5%
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 61.2 | 102 | 146 | |
| – | +66.2% | +43.5% | |
| 60.2 | 89.7 | 104 | |
| 0.9 | 12 | 41.9 | |
| 1.5% | 11.8% | 28.7% | |
| −0.5 | −0.1 | −0.2 | |
| 5.1 | 4.7 | 4.1 | |
| 0.2 | 0.5 | 0.4 | |
| 7.3 | 9.7 | 9.4 | |
| 2.4 | 16.4 | 46.5 | |
| 48.1% | 26.3% | 26.1% | |
| 1.3 | 12.1 | 34.4 | |
| – | +865.8% | +183.7% | |
| 0.64 | 6.17 | 18.46 |
Forecast
Balance sheet
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 14.8 | 14.8 | 22.1 | |
| 58.7 | 76.5 | 147 | |
| 81.5 | 72.9 | 75.8 | |
| 10.4 | 31.8 | 35.5 | |
| 165 | 196 | 280 | |
| 1.1 | 0.9 | 1.1 | |
| – | 19.2 | 27 | |
| 127 | 154 | 215 | |
| 37 | 22.1 | 37.1 | |
| 165 | 196 | 280 |
Cash flow
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| −10.4 | 18.4 | 3.9 | |
| −0.6 | −12.8 | −24.1 | |
| 0.1 | −8.6 | 10.2 | |
| −10.9 | −3 | −9.9 | |
| −1.1 | −0.3 | −0.6 | |
| −11.5 | 18.1 | 3.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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