On 6 Nov 2026, FCS Software Solutions was priced at ₹1.44, or 72.0× trailing earnings, against an industry P/E of 17.7×, and the shares are 36% below their 52-week high. Its ROCE of 2.1% is the lowest among the 7 largest Information Technology Services peers, and sales and net profit grew 23% and 21% a year over 3 years. It is a small-cap company with a market cap of ₹246 Cr, ranked 64th of 126 Information Technology Services companies by market cap; the shares fell 35% over the past year.
- ₹1.47
- ₹1.47
- ₹1.44
- ₹1.47
- 22.9 L
Health check
- ReturnsBehind
−34.7% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 72.0 vs industry 17.7.
- GrowthStrong
Sales +22.6%, profit +21.5% a year over 3 years.
- ProfitabilityWeak
ROCE 2.1% vs peer median 27.2%.
- Balance sheetFair
Piotroski 7 of 9.
- Red flags4 to check
Return on equity is low at 0.6%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹246 Cr
- Small cap
- P/E
- 72.0
- Industry 17.7
- Price to book
- 0.59
- Peers 5.20
- Dividend yield
- 0.00%
- ROE
- 0.6%
- Peers 22.9%
- ROCE
- 2.1%
- Peers 27.2%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹0.02
- Face value ₹1
- OPM (TTM)
- 8.0%
- Net margin 4.1%
- Sales growth
- +83.1%
- Latest quarter vs a year ago
- Profit growth
- +6161.0%
- Latest quarter vs a year ago
- Price to sales
- 3.61
- EV/EBITDA 18.2
Strengths and risks
Strengths
- Quarterly profit up 6161.0% on a year ago.
- Quarterly sales up 83.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 0.6%.
- P/E of 72.0 against an industry P/E of 17.7.
- 36% below its 52-week high.
- Interest coverage of only −0.8×.
About FCS Software Solutions
FCS Software Solutions Limited engages in providing IT and business services, engineering and product, and platform service in India and the United States. It provides software development and marketing, and support services to corporate business entities in the BPO, software development, e-learning, and other related information technology (IT) enabled services. The company also offers infrastructure management services, including collocation data…
- Headquarters
- Noida
- Employees
- 220
- Sector
- Technology
- ISIN
- INE512B01022
- Website
- fcsltd.com
Price range
- Avg volume (3M)
- 24.1 L
- 1-year return
- minus 34.7%
- From 52-week high
- minus 36.3%
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% |
| FCSSOFTFCS Software Solutions | 1.44 | minus 2.04% | 246 | 72.0 | 0.59 | 2.1% | 0.6% | 8.0% | 22.6% | 21.5% | 0.00% | minus 34.7% |
| 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 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 8.8 | 8.2 | 14.9 | 26.8 | 16.1 | |
| 8 | 9.4 | 15.3 | 21 | 15.1 | |
| 0.8 | −1.2 | −0.4 | 5.8 | 1 | |
| 9.6% | −14.7% | −2.6% | 21.7% | 6.4% | |
| 2 | 2.4 | 2.3 | 2.4 | 2.2 | |
| 1.1 | 1.4 | 1.4 | 1 | 1.4 | |
| 1.2 | 0.9 | 1 | 1.1 | 0.9 | |
| – | 0 | −1.2 | −0.2 | – | |
| 0.6 | −1 | −1.6 | 6 | 1 | |
| 98.2% | −22.6% | −21.4% | 9.4% | 35.4% | |
| 0 | −1.2 | −2 | 5.4 | 0.6 | |
| – | -0.01 | -0.01 | 0.03 | 0.00 |
Profit & loss
- Sales CAGR 3Y
- +22.6%
- Profit CAGR 3Y
- +21.5%
- EPS CAGR 3Y
- +26.0%
- ROE
- 0.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.7 | 27 | 28.2 | 49.3 | |
| – | +1.3% | +4.2% | +74.9% | |
| 29.3 | 29.3 | 31.4 | 53.4 | |
| −2.6 | −2.3 | −3.3 | −4.2 | |
| −9.8% | −8.4% | −11.6% | −8.5% | |
| 10.4 | 18.6 | 16.5 | 18.3 | |
| 1.7 | 6.3 | 5.2 | 5 | |
| 4.2 | 3.6 | 3 | 3.7 | |
| 0.3 | −18.5 | 0 | −1.4 | |
| 2.2 | −12.1 | 5 | 4.1 | |
| 33.3% | 0.4% | 25.7% | 35.5% | |
| 1.5 | −12 | 3.7 | 2.6 | |
| – | minus 925.1% | – | minus 29.9% | |
| 0.01 | -0.07 | 0.02 | 0.02 |
Forecast
Balance sheet
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| – | 171 | 171 | 171 | 171 | |
| – | 188 | 258 | 264 | 245 | |
| 21.8 | 18.6 | – | – | – | |
| – | 12 | 27.7 | 48.9 | 42.7 | |
| – | 389 | 456 | 484 | 459 | |
| – | 38.5 | 34.5 | 39.1 | 38.7 | |
| 2.2 | – | 2 | 2 | – | |
| – | 106 | 22.9 | 20.4 | 20 | |
| – | 5.3 | 19.9 | 53.4 | 53 | |
| – | 240 | 377 | 369 | 347 | |
| – | 389 | 456 | 484 | 459 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.3 | 22.7 | 10.2 | 32.1 | |
| 2.1 | 9.1 | −0.1 | 2.2 | |
| −4.9 | −25 | −5.3 | −5.1 | |
| −0.6 | 6.8 | 4.8 | 29.3 | |
| −0.3 | −1.3 | −8.3 | −7.1 | |
| 2 | 21.3 | 1.9 | 25 |
Shareholding pattern
- Promoters19.65%
- Public80.35%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 19.65% | 80.35% | 0.00 | |
| 30 Jun 2026 | 19.65% | 80.35% | 0.00 | |
| 31 Mar 2026 | 19.65% | 80.35% | 0.00 | |
| 31 Dec 2025 | 19.65% | 80.35% | 0.00 | |
| 30 Sep 2025 | 19.65% | 80.35% | – |
Major shareholders
Filings & events
News
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