Ksolves India Q2 FY27 Share Price & Earnings Call Analysis

₹207.45+0.01% today
Market cap
₹492 Cr
P/E
14.07
ROE
131.77%
PEG
1.40
Price to sales
3.02
Debt to equity
0.20
52W high / low
₹349 / ₹206
Sales growth (5Y)
46.40%
EBITDA margin
29.92%
Net profit margin
20.62%
Promoter holding
58.92%
Sales (last year)
₹163 Cr

Incorporated in 2012, Ksolves India Ltd is involved in Other computer related activities including maintenance of websites of other firms/ creation of multimedia presentations for other firms, etc.[1]

Guidance scorecard · Q2 FY27 call

What Ksolves India's management guided
and where it ranks in IT - Software

#29of 38 in
IT - Software

RevenueQ1 FY27 call

10–20%
  • For FY26-27, revenue growth is expected to be soft, possibly similar to FY26, with potential to increase by 4% to 5% year-on-year if conditions improve.
  • After FY26-27, the company plans to recover losses and target consistent year-on-year growth of 18% to 20%, aiming to cross 20% growth again.
  • The sales pipeline currently stands at approximately USD 1 million, with key deals of USD 300K and USD 250K in the pipeline, but project execution will span at least two quarters.
  • Growth beyond this year depends on market conditions and client ramp-ups, with a conservative approach toward new business forecasts.

2 more points from Ksolves India's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Ksolves India said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company is focusing on expanding new verticals like cybersecurity and SAP to generate new revenue streams, indicating strategic business direction but no direct capex guidance.
  • The overall emphasis is on disciplined acquisition and execution in services, leveraging AI to increase efficiency rather than heavy capital investments.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Ksolves India said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Ksolves currently has approximately $1 million worth of deals in the pipeline.
  • Specifically, there is one deal sized at $300K and another at $250K.
  • The pipeline is considered sufficient to keep the team engaged with enough work.
  • Even if all deals are confirmed, project completion will take at least two quarters.
  • The company still has about two and a half months remaining in the current quarter to secure more deals.

2 more points from Ksolves India's call on the order book

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Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

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Financials of Ksolves India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Ksolves India

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +58.94%58.94%58.94%58.94%58.94%58.94%58.94%58.94%58.94%58.92%58.92%58.92%
FIIs +1.75%1.87%1.55%0.87%0.78%0.63%0.49%0.10%0.12%0.08%0.01%0.01%
DIIs +0.00%0.08%0.08%0.08%0.08%0.00%0.01%0.01%0.01%0.01%0.01%0.01%
Public +39.31%39.11%39.44%40.10%40.20%40.43%40.57%40.95%40.93%40.98%41.06%41.06%
No. of Shareholders43,57246,30248,87155,28458,58860,59661,85362,19060,94459,26858,23457,682

Financials of Ksolves India

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +25.9028.1530.3631.4634.7737.5133.4637.6639.4541.4842.1140.1335.93
Expenses +14.6716.2217.2719.4521.5423.5824.3627.5227.4328.4930.1128.3227.50
Operating Profit11.2311.9313.0912.0113.2313.939.1010.1412.0212.9912.0011.818.43
OPM %43.36%42.38%43.12%38.18%38.05%37.14%27.20%26.93%30.47%31.32%28.50%29.43%23.46%
Other Income +0.080.120.070.100.110.080.160.100.140.160.370.650.34
Interest0.000.000.000.000.090.050.140.260.160.210.230.210.20
Depreciation0.170.260.280.290.640.500.760.770.790.780.850.860.82
Profit before tax11.1411.7912.8811.8212.6113.468.369.2111.2112.1611.2911.397.75
Tax %25.85%25.02%25.70%24.20%26.88%24.44%23.21%28.01%25.42%25.33%20.11%25.46%23.61%
Net Profit +8.268.849.588.969.2210.176.426.628.369.089.028.495.92
EPS in Rs3.493.734.043.783.894.292.712.793.533.833.803.582.50

Financials of Ksolves India

Profit & Loss

Annual income statement trend

Mar 2015 9mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +022358244577108137161160
Expenses +0223571326446289113114
Operating Profit00000111203346484845
OPM %12%4.1%4.1%6%13%45%43%43%43%35%30%28%
Other Income +0000000110012
Interest0000000000011
Depreciation0000000001233
Profit before tax00000111203346464443
Tax %32%40%40%27%24%25%24%25%25%25%25%
Net Profit +0000018152534353333
EPS in Rs3.326.5110.4914.4414.6613.9513.71
Dividend Payout %0%0%0%97%0%74%44%52%68%53%79%

Financials of Ksolves India

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital0.010.010.010.010.020.021121212121212
Reserves0000011141112101726
Borrowings +00000000001463
Other Liabilities +000001371216212714
Total Liabilities00011216233440576256
Fixed Assets +0000010112764
CWIP0000000000000
Investments0000011111111
Other Assets +00000115223337485450
Total Assets00011216233440576256

Financials of Ksolves India

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +00141020333431
Cash from Investing Activity +0-0-1-01-0-2-8-1
Cash from Financing Activity +0-004-11-18-33-23-33
Net Cash Flow0-007-12-13-4
Free Cash Flow0014920312729
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit113%101%40%64%77%90%95%89%

Financials of Ksolves India

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days00000537271545669
Inventory Days
Days Payable
Cash Conversion Cycle00000537271545669
Working Capital Days02-13-14-17576962492354
ROCE %253%33%53%114%170%161%143%171%198%157%129%

Guidance history

How Ksolves India's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatNone plannedNone planned—
Q3 FY26 call →20–40%FlatPlanned—Rising
Q2 FY26 call →20–40%FlatNone planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

7out of 100

Momentum score · price trend

7 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−32.8%20%
Last 6 months−29.9%8%
Last 3 months−22.2%15%

The price is 68% below its all-time high of ₹682.78 (12 Jan 2024). Stocks more than 20% below their peak have their score halved, so 14 became 7.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ksolves India: 0.4 × 20 + 0.4 × 8 + 0.2 × 15 = 14, halved to 7 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 23 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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