Nucleus Software Exports Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,742 Cr
- P/E
- 15.24
- ROE
- 13.08%
- PEG
- 72.61
- Price to sales
- 2.00
- Debt to equity
- 0.01
- 52W high / low
- ₹1,038 / ₹620
- Sales growth (5Y)
- 11.27%
- EBITDA margin
- 11.46%
- Net profit margin
- 12.85%
- Promoter holding
- 73.59%
- Sales (last year)
- ₹869 Cr
Guidance scorecard · Q1 FY27 call
What Nucleus Software Exports Ltd's management guided
RevenueQ1 FY27 call
10–20%- Order book has significantly increased, indicating future revenue growth potential (INR 1,244 crore as on June 30, 2026, up from INR 1,044 crore on March 31, 2026).
- Revenue growth may be back-ended due to longer implementation cycles, especially for new large orders and AMC contracts extending up to 5 years.
- New logos adding to order book (around 10 new customers in last 15 months) provide growth opportunities.
- Focus on high-margin deals and strategic geographies like Middle East, Southeast Asia, and U.S. markets expected to drive medium-to-long-term growth.
- Current increase in sales and marketing expenses is expected to translate into more orders and revenue in subsequent quarters.
2 more points from Nucleus Software Exports Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Nucleus Software Exports Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- The company continues to invest in product development and R&D without stopping, even during periods with fewer new logos, demonstrating a long-term commitment.
- There is ongoing investment in AI capabilities within the organization, expected to yield benefits in the future, though tangible numerical benefits are yet to be measured.
- Focus on hiring AI-native talent to strengthen organizational capabilities.
- Investments are also made strategically in priority markets globally, such as Middle East, Southeast Asia, and the U.S., aligning with growth plans.
2 more points from Nucleus Software Exports Ltd's call on capex
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FundraisingQ1 FY27 call
See what Nucleus Software Exports Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of 30th June 2026, the order book stands at INR 1,244 crore, with 88% (INR 1,096 crore) from products.
- On 31st March 2026, the order book was INR 1,044 crore, with 86% (INR 899 crore) from products.
- Over the last 12 months, the order book has increased significantly, adding around INR 600 crore in a quarter and over INR 300 crore in the subsequent quarter.
- Around 10 new logos/customers have been added in the last 15 months.
- The order book includes long-term AMC (Annual Maintenance Contract) contracts lasting up to 5 years, leading to a longer execution cycle.
2 more points from Nucleus Software Exports Ltd'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
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of Nucleus Software Exports Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Nucleus Software Exports Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 206 | 207 | 205 | 204 | 210 | 195 | 202 | 206 | 229 | 218 | 214 | 220 | 225 |
| Expenses + | 123 | 144 | 153 | 156 | 152 | 166 | 170 | 172 | 154 | 184 | 190 | 187 | 190 |
| Operating Profit | 83 | 63 | 52 | 48 | 58 | 29 | 32 | 33 | 74 | 34 | 23 | 33 | 35 |
| OPM % | 40% | 30% | 25% | 23% | 28% | 15% | 16% | 16% | 33% | 16% | 11% | 15% | 16% |
| Other Income + | 10 | 13 | 12 | 12 | 14 | 15 | 19 | 16 | 17 | 18 | 16 | -4 | 12 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 5 |
| Profit before tax | 89 | 72 | 60 | 56 | 68 | 40 | 47 | 45 | 88 | 48 | 35 | 25 | 42 |
| Tax % | 24% | 25% | 26% | 26% | 24% | 24% | 29% | 22% | 26% | 27% | 26% | 16% | 17% |
| Net Profit + | 68 | 54 | 45 | 41 | 52 | 30 | 33 | 35 | 65 | 35 | 26 | 21 | 35 |
| EPS in Rs | 25.27 | 20.01 | 16.65 | 15.43 | 19.47 | 11.28 | 12.56 | 13.28 | 24.60 | 13.37 | 9.99 | 7.86 | 13.12 |
Financials of Nucleus Software Exports Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 353 | 349 | 372 | 412 | 484 | 521 | 514 | 497 | 634 | 826 | 832 | 876 |
| Expenses + | 287 | 318 | 319 | 353 | 405 | 427 | 384 | 460 | 478 | 606 | 664 | 750 |
| Operating Profit | 66 | 31 | 54 | 59 | 79 | 94 | 129 | 37 | 157 | 220 | 168 | 126 |
| OPM % | 19% | 9% | 14% | 14% | 16% | 18% | 25% | 7% | 25% | 27% | 20% | 14% |
| Other Income + | 33 | 26 | 32 | 29 | 27 | 37 | 39 | 35 | 34 | 51 | 66 | 42 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 12 | 12 | 11 | 7 | 10 | 14 | 14 | 15 | 19 | 15 | 15 | 16 |
| Profit before tax | 87 | 44 | 74 | 80 | 96 | 117 | 154 | 56 | 171 | 256 | 219 | 150 |
| Tax % | 25% | 26% | 11% | 22% | 23% | 24% | 23% | 26% | 25% | 25% | 26% | 22% |
| Net Profit + | 65 | 32 | 66 | 63 | 75 | 89 | 118 | 41 | 128 | 192 | 163 | 117 |
| EPS in Rs | 19.98 | 10.03 | 20.43 | 21.54 | 25.67 | 30.64 | 40.62 | 15.28 | 47.73 | 71.56 | 61.92 | 44.35 |
| Dividend Payout % | 25% | 50% | 24% | 37% | 35% | 29% | 22% | 46% | 21% | 17% | 20% | 28% |
Financials of Nucleus Software Exports Ltd
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 32 | 29 | 29 | 29 | 29 | 27 | 27 | 27 | 26 | 26 |
| Reserves | 406 | 425 | 503 | 432 | 480 | 532 | 643 | 467 | 584 | 751 | 788 | 881 |
| Borrowings + | 0 | 1 | 0 | 0 | 0 | 6 | 6 | 2 | 6 | 5 | 2 | 9 |
| Other Liabilities + | 118 | 123 | 131 | 184 | 177 | 196 | 206 | 241 | 257 | 332 | 337 | 350 |
| Total Liabilities | 556 | 581 | 665 | 645 | 685 | 763 | 885 | 737 | 874 | 1,114 | 1,153 | 1,266 |
| Fixed Assets + | 58 | 54 | 48 | 48 | 47 | 57 | 50 | 59 | 50 | 59 | 61 | 89 |
| CWIP | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 0 |
| Investments | 170 | 245 | 441 | 387 | 424 | 475 | 635 | 480 | 525 | 649 | 641 | 644 |
| Other Assets + | 328 | 281 | 176 | 210 | 214 | 231 | 200 | 198 | 298 | 406 | 451 | 533 |
| Total Assets | 556 | 581 | 665 | 645 | 685 | 763 | 885 | 737 | 874 | 1,114 | 1,153 | 1,266 |
Financials of Nucleus Software Exports Ltd
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 + | 37 | 33 | 95 | 77 | 56 | 75 | 115 | 58 | 50 | 222 | 151 | 117 |
| Cash from Investing Activity + | -15 | 7 | -78 | 61 | -28 | -28 | -126 | 159 | -12 | -197 | -20 | -53 |
| Cash from Financing Activity + | -23 | -36 | -1 | -135 | -26 | -34 | -13 | -213 | -23 | -30 | -126 | -36 |
| Net Cash Flow | -1 | 4 | 16 | 3 | 2 | 12 | -24 | 3 | 15 | -5 | 5 | 28 |
| Free Cash Flow | 28 | 27 | 92 | 70 | 48 | 62 | 112 | 34 | 47 | 194 | 136 | 89 |
| CFO/OP | 82% | 138% | 202% | 161% | 100% | 102% | 115% | 199% | 49% | 136% | 113% | 121% |
Financials of Nucleus Software Exports Ltd
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 | 87 | 90 | 60 | 70 | 54 | 63 | 61 | 61 | 100 | 73 | 60 | 50 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 87 | 90 | 60 | 70 | 54 | 63 | 61 | 61 | 100 | 73 | 60 | 50 |
| Working Capital Days | 14 | 7 | -43 | -66 | -51 | -53 | -61 | -77 | -16 | -38 | -43 | 77 |
| ROCE % | 19% | 10% | 15% | 16% | 19% | 21% | 22% | 6% | 27% | 32% | 23% | 20% |
Guidance history
How Nucleus Software Exports Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | — | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | — | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Flat |
| Q2 FY26 call → | 0–10% | Flat | — | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
12 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 | −35.2% | 16% |
| Last 6 months | −17.7% | 23% |
| Last 3 months | −10.4% | 39% |
The price is 61.8% below its all-time high of ₹1,731.1 (20 Jan 2024). Stocks more than 20% below their peak have their score halved, so 23 became 12.
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 Nucleus Software Exports Ltd: 0.4 × 16 + 0.4 × 23 + 0.2 × 39 = 23, halved to 12 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 29 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.