Ksolves India Q2 FY27 Share Price & Earnings Call Analysis
- 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
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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MarginsQ1 FY27 call
FlatSee what Ksolves India said on margins — free account, 30 seconds.
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.
FundraisingQ1 FY27 call
See what Ksolves India said on fundraising — free account, 30 seconds.
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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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
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹569 Cr | 34.7 | |
| 2 | 40%+ | Flat | ₹336 Cr | 7.3 | |
| 3 | CapitalNumbers | 20–40% | Up 2%+ | ₹181 Cr | 9.2 |
| 4 | 20–40% | Up 2%+ | ₹159 Cr | 11.5 | |
| 5 | 20–40% | Up 0–2% | ₹1,826 Cr | 28.5 | |
| 6 | 20–40% | Flat | ₹4,341 Cr | 84.7 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Software rankingFinancials 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 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 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 Shareholders | 43,572 | 46,302 | 48,871 | 55,284 | 58,588 | 60,596 | 61,853 | 62,190 | 60,944 | 59,268 | 58,234 | 57,682 |
Financials of Ksolves India
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 25.90 | 28.15 | 30.36 | 31.46 | 34.77 | 37.51 | 33.46 | 37.66 | 39.45 | 41.48 | 42.11 | 40.13 | 35.93 |
| Expenses + | 14.67 | 16.22 | 17.27 | 19.45 | 21.54 | 23.58 | 24.36 | 27.52 | 27.43 | 28.49 | 30.11 | 28.32 | 27.50 |
| Operating Profit | 11.23 | 11.93 | 13.09 | 12.01 | 13.23 | 13.93 | 9.10 | 10.14 | 12.02 | 12.99 | 12.00 | 11.81 | 8.43 |
| 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 + | 0.08 | 0.12 | 0.07 | 0.10 | 0.11 | 0.08 | 0.16 | 0.10 | 0.14 | 0.16 | 0.37 | 0.65 | 0.34 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.05 | 0.14 | 0.26 | 0.16 | 0.21 | 0.23 | 0.21 | 0.20 |
| Depreciation | 0.17 | 0.26 | 0.28 | 0.29 | 0.64 | 0.50 | 0.76 | 0.77 | 0.79 | 0.78 | 0.85 | 0.86 | 0.82 |
| Profit before tax | 11.14 | 11.79 | 12.88 | 11.82 | 12.61 | 13.46 | 8.36 | 9.21 | 11.21 | 12.16 | 11.29 | 11.39 | 7.75 |
| 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 + | 8.26 | 8.84 | 9.58 | 8.96 | 9.22 | 10.17 | 6.42 | 6.62 | 8.36 | 9.08 | 9.02 | 8.49 | 5.92 |
| EPS in Rs | 3.49 | 3.73 | 4.04 | 3.78 | 3.89 | 4.29 | 2.71 | 2.79 | 3.53 | 3.83 | 3.80 | 3.58 | 2.50 |
Financials of Ksolves India
Profit & Loss
Annual income statement trend
| Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 2 | 2 | 3 | 5 | 8 | 24 | 45 | 77 | 108 | 137 | 161 | 160 |
| Expenses + | 0 | 2 | 2 | 3 | 5 | 7 | 13 | 26 | 44 | 62 | 89 | 113 | 114 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 20 | 33 | 46 | 48 | 48 | 45 |
| OPM % | 12% | 4.1% | 4.1% | 6% | 13% | 45% | 43% | 43% | 43% | 35% | 30% | 28% | |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 20 | 33 | 46 | 46 | 44 | 43 |
| Tax % | 32% | 40% | 40% | 27% | 24% | 25% | 24% | 25% | 25% | 25% | 25% | ||
| Net Profit + | 0 | 0 | 0 | 0 | 0 | 1 | 8 | 15 | 25 | 34 | 35 | 33 | 33 |
| EPS in Rs | 3.32 | 6.51 | 10.49 | 14.44 | 14.66 | 13.95 | 13.71 | ||||||
| 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 1 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 4 | 11 | 12 | 10 | 17 | 26 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 6 | 3 |
| Other Liabilities + | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 7 | 12 | 16 | 21 | 27 | 14 |
| Total Liabilities | 0 | 0 | 0 | 1 | 1 | 2 | 16 | 23 | 34 | 40 | 57 | 62 | 56 |
| Fixed Assets + | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 7 | 6 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets + | 0 | 0 | 0 | 0 | 0 | 1 | 15 | 22 | 33 | 37 | 48 | 54 | 50 |
| Total Assets | 0 | 0 | 0 | 1 | 1 | 2 | 16 | 23 | 34 | 40 | 57 | 62 | 56 |
Financials of Ksolves India
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 0 | 1 | 4 | 10 | 20 | 33 | 34 | 31 | |||
| Cash from Investing Activity + | 0 | -0 | -1 | -0 | 1 | -0 | -2 | -8 | -1 | |||
| Cash from Financing Activity + | 0 | -0 | 0 | 4 | -11 | -18 | -33 | -23 | -33 | |||
| Net Cash Flow | 0 | -0 | 0 | 7 | -1 | 2 | -1 | 3 | -4 | |||
| Free Cash Flow | 0 | 0 | 1 | 4 | 9 | 20 | 31 | 27 | 29 | |||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 113% | 101% | 40% | 64% | 77% | 90% | 95% | 89% |
Financials of Ksolves India
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 53 | 72 | 71 | 54 | 56 | 69 | |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 53 | 72 | 71 | 54 | 56 | 69 | |
| Working Capital Days | 0 | 2 | -13 | -14 | -17 | 57 | 69 | 62 | 49 | 23 | 54 | |
| ROCE % | 253% | 33% | 53% | 114% | 170% | 161% | 143% | 171% | 198% | 157% | 129% |
Guidance history
How Ksolves India's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | None planned | None planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | None planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
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.
| Period | Share price change | Better 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.
Continue your research
What Ksolves India's management said in earlier quarters
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