Nucleus Software Exports
NSE: NUCLEUS · Software Products · sector
₹655.15NSE close 2026-10-26
Key numbers
Market cap₹1,725 cr
Price₹655.15
52w high / low₹1,065 / ₹609
P/E16.4xSector median 16.9x
P/B1.9xSector median 1.8x
Book value₹344.6
Dividend yield1.91%Sector median 2.02%
ROE12.2%Sector median 5.3%
ROCE14.7%Sector median 5.3%
OPM10.1%Sector median 8.7%
Debt / equity0.00xSector median 0.00x
EV/EBITDA15.0xSector median 15.0x
Interest cover86.5x
Current ratio2.09x
Sales growth 3y+11.3%Sector median +11.3%
Profit growth 3y-3.0%Sector median +16.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 47 companies in Software Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹414 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 86.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY23).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 61% of net profit in the last 12 months.
- Debtor days went from 73 (FY24) to 50 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹655.15 on 2026-10-26: -38.5% from the 52-week high, +7.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,295.30 · low ₹639.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 202 | 206 | 229 | 218 | 214 | 220 | 225 | 210 |
| EBITDA | 32 | 33 | 74 | 34 | 23 | 14 | 32 | 18 |
| OPM % | 15.7% | 16.1% | 32.5% | 15.6% | 11.0% | 6.5% | 14.2% | 8.4% |
| Other income | 19 | 16 | 17 | 18 | 16 | 15 | 15 | 18 |
| Net profit | 33 | 35 | 65 | 35 | 26 | 21 | 35 | 24 |
| EPS (₹) | 12.35 | 13.28 | 24.60 | 13.37 | 9.99 | 7.86 | 13.12 | 9.07 |
| Revenue YoY | +5.6% | +7.0% | -1.8% | -3.3% | ||||
| Profit YoY | -20.5% | -40.8% | -46.7% | -32.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 497 | 634 | 826 | 832 | 876 | 869 |
| EBITDA | 37 | 157 | 220 | 168 | 104 | 87 |
| Net profit | 41 | 128 | 192 | 163 | 117 | 105 |
| EPS (₹) | 14.28 | 47.73 | 71.56 | 61.40 | 44.35 | 40.04 |
| Revenue growth | +27.6% | +30.3% | +0.7% | +5.3% | +1.7% | |
| Profit growth | +212.4% | +49.9% | -14.9% | -28.4% | -37.3% | |
| Dividend / share (₹) | 6.00 | 7.00 | 10.00 | 12.50 | 12.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.4% | +11.3% | +1.7% |
| Net profit | -3.0% | -0.2% | -37.3% |
| EPS | -2.4% | +1.8% | – |
| Share price | – | -26.5% (2y) | -33.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 611 | 777 | 814 | 907 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 277 | 402 | 360 | 414 |
| Total assets | – | 874 | 1,114 | 1,153 | 1,266 |
| Fixed assets | – | 23 | 35 | 40 | 61 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 299 | 321 | 404 | 353 |
| Receivables | – | 175 | 166 | 137 | 121 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 12 | 16 | 13 | 18 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 58 | 50 | 222 | 151 | 117 |
| Cash from investing | 159 | -13 | -197 | -21 | -53 |
| Cash from financing | -213 | -23 | -30 | -126 | -36 |
| Capex | 24 | 4 | 29 | 15 | 28 |
| Free cash flow | 33 | 46 | 193 | 136 | 89 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.9% | 24.6% | 20.0% | 12.9% |
| ROCE % | – | 28.2% | 33.0% | 27.0% | 16.7% |
| Debtor days | – | 100 | 73 | 60 | 50 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 7 | 7 | 6 | 8 |
| Cash conversion cycle (days) | – | 93 | 66 | 54 | 42 |
| Working capital days | – | 144 | 140 | 115 | 128 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.60% |
| FIIs | 2.56% |
| DIIs | 1.25% |
| of which Mutual funds | 0.84% |
| Public (non-institutions) | 22.16% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.60% | 73.60% | 73.60% | 73.60% | 73.60% | 73.60% | 73.60% | 73.60% |
| Promoter group | % |
|---|---|
| Karmayogi Holdings Private Ltd | 33.59% |
| Madhu Dusad | 11.44% |
| Nucleus Software Engineers PVT Ltd | 9.06% |
| Vishnu R Dusad | 5.98% |
| Ritika Dusad | 3.80% |
| Kritika Dusad | 3.80% |
| Yogesh Andlay | 3.28% |
| Nucleus Software Workshop Private Limited | 2.28% |
| Naveen Kumar | 0.27% |
| Suman Mathur | 0.09% |
| Card Systems Private Limited | 0.00% |
39,445 shareholders. Pledged: 0.00% of promoter shares.
Peers in Software Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| OFSS | ₹86,243 cr | 25.3x | 11.0x | 42.2% | 60.3% | 50.4% | +10.4% | 3.98% |
| TANLA | ₹7,530 cr | 14.1x | 3.0x | 22.4% | 27.0% | 16.5% | +9.6% | 2.13% |
| MAPMYINDIA | ₹4,530 cr | 32.9x | 5.0x | 16.3% | 22.3% | 35.7% | +19.0% | 0.42% |
| CAPILLARY | ₹4,433 cr | 80.4x | 4.3x | 5.1% | 5.3% | 16.0% | – | – |
| TECHNVISN | ₹2,302 cr | 200.6x | 153.4x | 19.2% | 20.1% | 2.8% | +167.4% | – |
| RAMCOSYS | ₹1,909 cr | 45.7x | 5.5x | 12.5% | 13.4% | 18.7% | +12.5% | – |
| NUCLEUS | ₹1,725 cr | 16.4x | 1.9x | 12.2% | 14.7% | 10.1% | +11.3% | 1.91% |
| BLUECLOUDS | ₹1,149 cr | 16.4x | 1.2x | 12.3% | 9.1% | 15.1% | +225.5% | – |
| SUBEXLTD | ₹969 cr | 31.9x | 2.8x | 9.2% | 12.3% | 11.9% | +0.0% | – |
| UNIECOM | ₹871 cr | 40.7x | 4.5x | 16.1% | 15.0% | 15.4% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| India | ₹511 cr | 58.3% | ₹276 cr | 54.1% |
| South East Asia | ₹101 cr | 11.5% | ₹-26 cr | -26.0% |
| Middle East | ₹100 cr | 11.4% | ₹14 cr | 13.6% |
| Others | ₹64 cr | 7.3% | ₹27 cr | 41.7% |
| Europe | ₹40 cr | 4.5% | ₹16 cr | 39.4% |
| Far East | ₹31 cr | 3.6% | ₹5 cr | 17.2% |
| Australia | ₹20 cr | 2.2% | ₹5 cr | 27.4% |
| Africa | ₹9 cr | 1.1% | ₹3 cr | 29.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-10 | Dividend | Dividend - Rs 12.50 Per Share |
| 2025-07-11 | Dividend | Annual General Meeting/Dividend - Rs 12.50 Per Share |
| 2024-09-03 | Buyback | Buy Back |
| 2024-07-08 | Other | Annual General Meeting |
| 2024-07-05 | Dividend | Dividend - Rs 12.5 Per Share |
| 2023-07-07 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2022-06-30 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2021-11-25 | Buyback | Buyback |
| 2021-07-15 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2020-08-11 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2020-07-23 | Other | Annual General Meeting |
| 2020-03-24 | Dividend | Interim Dividend - Rs 9 Per Share |
| 2019-06-28 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2018-06-22 | Dividend | Annual General Meeting/Dividend- Rs 8 Per Share |
| 2017-06-29 | Dividend | Annual General Meeting/Dividend - Rs 5/- Per Share |
| 2017-06-29 | Buyback | Buyback |
| 2016-06-30 | Other | Annual General Meeting |
| 2016-03-23 | Dividend | Interim Dividend - Rs 5/- Per Share (Purpose Revised) |
| 2015-06-30 | Dividend | Annual General Meeting/ Dividend - Rs 5/- Per Share |
| 2014-06-27 | Dividend | Annual General Meeting / Final Dividend - Rs 3/- Per Share + Special Dividend - Rs 3/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Information Technology |
| Industry | Software Products |
| Sub-industry | Software Products |
| Symbol | NUCLEUS |
| BSE code | 531209 |
| ISIN | INE096B01018 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.