Ksolves India Ltd (IN:KSOLVES)
:KSOLVES
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Ksolves India Ltd
(KSOLVES)
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Rating:74Outperform
Price Target:
₹346.00
▲(7.29% Upside)
Action:Reiterated
Date:05/03/26
The score is driven primarily by strong financial performance (profitability and cash conversion) and supportive valuation (moderate P/E and high dividend yield). Technical signals are mixed/neutral, limiting the score despite a generally constructive longer-term trend.
Positive Factors
Multi-year revenue compounding
Sustained multi-year revenue compounding indicates a scalable services model and repeatable client demand. Growing revenue from ~282M to ~1,627M supports long-term capacity to invest in talent, platform capabilities, and geographic expansion, underpinning durable top-line strength.
Negative Factors
Notable margin compression
A durable reduction in margins from the low-30s to ~21% suggests structural pressures—higher labor costs, pricing pressure, or a less profitable service mix. Persisting margin erosion would constrain free cash flow and returns unless offset by productivity gains or pricing power restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue compounding
Sustained multi-year revenue compounding indicates a scalable services model and repeatable client demand. Growing revenue from ~282M to ~1,627M supports long-term capacity to invest in talent, platform capabilities, and geographic expansion, underpinning durable top-line strength.
Read all positive factors
Ksolves India Ltd (KSOLVES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.60B
Dividend Yield5.97%
Average Volume (3M)1.91K
Price to Earnings (P/E)15.1
Beta (1Y)1.32
Revenue Growth18.36%
EPS Growth0.03%
CountryIN
Employees508
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)13.08
Shares Outstanding23,720,400
10 Day Avg. Volume2,433
30 Day Avg. Volume1,907
Financial Highlights & Ratios
PEG Ratio247.43
Price to Book (P/B)19.98
Price to Sales (P/S)3.61
P/FCF Ratio20.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ksolves India Ltd Business Overview & Revenue Model
Company Description
Ksolves India Limited provides software development, consultancy, and related services in North America, Europe, Australia, India, and internationally. Its services include AI and machine learning, magneto development, SaaS application, IOS applic...
How the Company Makes Money
Ksolves primarily makes money by providing IT services to business clients. Its key revenue streams typically include: (1) project-based software development and implementation work, where clients pay for delivery of defined scopes such as applica...
Ksolves India Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
76
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.48B | 1.63B | 1.37B | 1.09B | 783.12M | 470.69M |
| Gross Profit | 657.92M | 451.39M | 738.74M | 627.28M | 423.95M | 286.20M |
| EBITDA | 447.49M | 483.26M | 478.60M | 467.88M | 335.14M | 214.21M |
| Net Income | 310.11M | 343.31M | 343.20M | 341.54M | 247.20M | 158.94M |
Balance Sheet | ||||||
| Total Assets | 554.50M | 620.52M | 563.84M | 395.57M | 340.88M | 238.06M |
| Cash, Cash Equivalents and Short-Term Investments | 176.94M | 70.78M | 104.84M | 73.45M | 86.38M | 68.95M |
| Total Debt | 25.00M | 57.00M | 90.00M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 222.30M | 326.67M | 356.30M | 157.24M | 117.04M | 70.08M |
| Stockholders Equity | 332.20M | 293.85M | 207.54M | 238.32M | 223.84M | 166.76M |
Cash Flow | ||||||
| Free Cash Flow | 158.98M | 283.20M | 268.81M | 310.57M | 201.31M | 96.35M |
| Operating Cash Flow | 163.94M | 299.12M | 341.14M | 332.40M | 207.13M | 101.77M |
| Investing Cash Flow | -1.52M | -7.95M | -75.93M | -18.97M | -2.25M | 9.25M |
| Financing Cash Flow | -90.13M | -326.20M | -234.07M | -326.04M | -188.07M | -122.96M |
Ksolves India Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹6.60B | 15.13 | ― | 5.97% | 18.36% | 0.03% | |
71 Outperform | ₹14.59B | 14.00 | ― | 0.13% | 30.09% | 129.09% | |
68 Neutral | ₹7.61B | 22.14 | ― | ― | 28.03% | 12.06% | |
62 Neutral | ₹5.63B | 78.15 | ― | ― | 35.44% | -6.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ₹8.04B | 9.73 | ― | ― | 12.28% | 4.28% |
* Technology Sector Average
IN:KSOLVES
Ksolves India Ltd
278.30
-36.18
-11.51%
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Ksolves India Ltd Corporate Events
Ksolves India Confirms Full Demat Shareholding; SEBI Reg. 74(5) Not Applicable
Apr 30, 2026
Ksolves India Ltd has informed the stock exchanges that its registrar and share transfer agent, Bigshare Services Pvt Ltd, has confirmed Regulation 74(5) of the SEBI Depositories and Participants Regulations, 2018 is not applicable to the company ...
Ksolves India Certifies Compliance on Insider Trading Data Controls
Apr 30, 2026
Ksolves India Ltd has certified its compliance with Securities and Exchange Board of India regulations on maintaining a Structured Digital Database for the quarter ended March 31, 2026. The company confirmed it has appropriate access controls, non...
Ksolves India Shares Q4 FY26 Investor Call Recording With Stakeholders
Apr 30, 2026
Ksolves India Ltd informed stock exchanges that it conducted its Q4 FY26 investor conference call on April 30, 2026, at 4:00 p.m. IST via audio conference. The company has made the recording of this call available through a public link and will al...
Ksolves India to Announce Q4 and FY26 Results on April 30 with Investor Call
Apr 9, 2026
Ksolves India Limited will announce its financial results for the fourth quarter and full year of fiscal 2026, ended March 31, 2026, on Thursday, April 30, 2026. The results will be published on the company’s website and discussed in an earn...
Ksolves India Plans Compliance-Focused Investor and Analyst Meet
Mar 6, 2026
Ksolves India Ltd has notified the stock exchanges that its management will hold a virtual small-group meeting with investors and analysts on March 12, 2026, between 1:00 p.m. and 2:00 p.m. IST. The company emphasized that no unpublished price-sen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.