On 6 Nov 2026, Nucleus Software Exports was priced at ₹628.65, or 16.5× trailing earnings, against an industry P/E of 27.7×, and the shares are 38% below their 52-week high. Sales grew 11% a year over 3 years while net profit fell 3.0%, with ROCE of 15% and ROE of 11%. It carries very little debt, and its dividend yield is 2.0%. It is a small-cap company with a market cap of ₹1,655 Cr, ranked 21st of 74 Software (Application) companies by market cap; the shares fell 38% over the past year.
- ₹627.85
- ₹641.55
- ₹626.75
- ₹636.60
- 7.8K
Health check
- ReturnsBehind
−38.1% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 16.5 vs industry 27.7.
- GrowthSlow
Sales +11.4%, profit −3.0% a year over 3 years.
- ProfitabilityAverage
ROCE 15.3% vs peer median 12.6%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags2 to check
Quarterly profit down 19.2% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,655 Cr
- Small cap
- P/E
- 16.5
- Industry 27.7
- Price to book
- 1.79
- Peers 8.24
- Dividend yield
- 1.99%
- ROE
- 11.3%
- Peers 15.3%
- ROCE
- 15.3%
- Peers 12.6%
- Debt to equity
- 0.01
- Debt ₹7.18 Cr
- EPS (TTM)
- ₹38.13
- Face value ₹10
- OPM (TTM)
- 10.4%
- Net margin 11.4%
- Sales growth
- +6.6%
- Latest quarter vs a year ago
- Profit growth
- −19.2%
- Latest quarter vs a year ago
- Price to sales
- 1.87
- EV/EBITDA 14.3
Strengths and risks
Strengths
- Practically debt-free.
- P/E of 16.5 against an industry P/E of 27.7.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 19.2% on a year ago.
- 38% below its 52-week high.
About Nucleus Software Exports
Nucleus Software Exports Limited provides lending and transaction banking products to the financial services industry in India, the Far East, South East Asia, Europe, the Middle East, Africa, Australia, and internationally. It offers FinnOne Neo, a next-generation digital lending platform for intelligent, scalable, and customer-centric lending ecosystems; and FinnAxia, an integrated global transaction banking platform for payments, liquidity management,…
- Headquarters
- Noida
- Employees
- 1,954
- Sector
- Technology
- ISIN
- INE096B01018
- Website
- nucleussoftware.com
Price range
- Avg volume (3M)
- 22.4K
- 1-year return
- minus 38.1%
- From 52-week high
- minus 37.6%
Peers · Software - Application
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TATAELXSITata Elxsi | 3,855.00 | minus 1.66% | 24,019 | 35.8 | 8.24 | 26.2% | 23.9% | 22.7% | 6.1% | −5.9% | 1.95% | minus 27.2% |
| URBANCOUrban Company | 158.12 | minus 0.25% | 23,446 | – | 12.14 | −7.2% | −21.5% | −22.9% | 34.7% | – | 0.00% | plus 6.5% |
| KFINTECHKfin Technologies | 915.80 | minus 1.14% | 15,835 | 45.6 | 9.75 | 18.9% | 22.6% | 38.1% | 22.5% | 20.6% | 1.31% | minus 13.4% |
| KPITTECHKPIT Technologies | 540.45 | plus 0.12% | 14,713 | 27.7 | 3.99 | 21.3% | 15.3% | 26.7% | 24.2% | 18.7% | 1.39% | minus 53.3% |
| BBOXBlack Box | 810.95 | minus 5.36% | 14,402 | 62.2 | 11.18 | 12.6% | 21.3% | 9.0% | 0.2% | 109.3% | 0.12% | plus 56.1% |
| AMAGIAmagi Media Labs | 568.25 | minus 0.04% | 12,293 | 119.9 | 6.74 | 5.0% | 6.3% | 3.9% | 30.3% | – | 0.00% | plus 63.2% |
| BLACKBUCKBLACKBUCK | 557.55 | plus 3.06% | 10,161 | 56.4 | 6.71 | 11.7% | 12.8% | 23.9% | 53.9% | – | 0.00% | minus 17.3% |
| NUCLEUSNucleus Software Exports | 628.65 | minus 1.25% | 1,655 | 16.5 | 1.79 | 15.3% | 11.3% | 11.5% | 11.4% | −3.0% | 1.99% | minus 38.1% |
| Median of 7 peers | – | −0.25% | 14,713 | 51.0 | 8.24 | 12.6% | 15.3% | 22.7% | 24.2% | 19.7% | 0.12% | −13.4% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 214 | 220 | 225 | 210 | 228 | |
| 190 | 187 | 190 | 202 | 212 | |
| 23.4 | 33.2 | 35 | 8 | 15.8 | |
| 11.0% | 15.1% | 15.6% | 3.8% | 6.9% | |
| 16.2 | 15.1 | 14.9 | 17.8 | 16 | |
| 0.3 | 0.5 | 0.3 | 0.4 | 0.4 | |
| 3.8 | 4.3 | 4.9 | 5.1 | 5.2 | |
| – | −18.9 | −3.1 | 9.8 | – | |
| 35.4 | 24.7 | 41.5 | 30.1 | 26.2 | |
| 25.8% | 16.1% | 16.8% | 20.7% | 18.9% | |
| 26.3 | 20.7 | 34.6 | 23.9 | 21.3 | |
| 9.99 | 7.86 | 13.12 | 9.07 | 8.08 |
Profit & loss
- Sales CAGR 3Y
- +11.4%
- Profit CAGR 3Y
- −3.0%
- EPS CAGR 3Y
- −2.4%
- ROE
- 11.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 634 | 826 | 832 | 876 | |
| – | +30.3% | +0.7% | +5.3% | |
| 478 | 606 | 664 | 750 | |
| 157 | 220 | 168 | 126 | |
| 24.7% | 26.7% | 20.2% | 14.3% | |
| 11.3 | 17.4 | 26.6 | 36.1 | |
| 0.6 | 0.5 | 0.3 | 0.8 | |
| 18.7 | 14.6 | 14.8 | 16.5 | |
| 22.3 | 33.1 | 39.2 | 5.5 | |
| 171 | 256 | 219 | 150 | |
| 25.3% | 25.1% | 25.6% | 22.1% | |
| 128 | 192 | 163 | 117 | |
| – | +49.9% | minus 14.9% | minus 28.4% | |
| 47.73 | 71.56 | 61.40 | 44.35 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.8 | 26.8 | 26.3 | 26.3 | |
| 584 | 751 | 788 | 881 | |
| 6.3 | 4.6 | 2 | 8.6 | |
| 257 | 332 | 337 | 350 | |
| 874 | 1,114 | 1,153 | 1,266 | |
| 35.6 | 52.2 | 55.3 | 73.8 | |
| 0.8 | 8.1 | 8.3 | 0.1 | |
| 325 | 419 | 528 | 573 | |
| 277 | 401 | 359 | 413 | |
| 237 | 234 | 203 | 206 | |
| 874 | 1,114 | 1,153 | 1,266 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 49.8 | 222 | 151 | 117 | |
| −12.7 | −197 | −20.8 | −52.6 | |
| −22.7 | −30.2 | −126 | −36.5 | |
| 14.5 | −5.1 | 4.4 | 28.3 | |
| −3.7 | −28.6 | −15.2 | −28.4 | |
| 46.1 | 193 | 136 | 89.1 | |
| −18.7 | −26.8 | −33.5 | −32.9 |
Shareholding pattern
- Promoters73.60%
- Public25.97%
- Employee trusts0.43%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.60% | 25.97% | 0.00 | |
| 30 Jun 2026 | 73.60% | 26.40% | 0.00 | |
| 31 Mar 2026 | 73.60% | 26.40% | 0.00 | |
| 31 Dec 2025 | 73.60% | 26.40% | 0.00 | |
| 30 Sep 2025 | 73.60% | 26.40% | – |
Major shareholders
Filings & events
News
No recent news coverage found.