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Nucleus Software Exports Limited
(NUCLEUS)
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Rating:69Neutral
Price Target:
₹821.00
▲(13.55% Upside)
Action:Downgraded
Date:06/12/26
The score is anchored by solid financial fundamentals led by a very conservative balance sheet, but is pulled down by weakening recent profitability/cash-flow consistency and a clearly negative technical trend (price below key moving averages and negative MACD). Valuation is supportive but not a major catalyst on its own.
Positive Factors
Very conservative balance sheet
Extremely low leverage and a growing equity base provide durable financial flexibility. This reduces refinancing and solvency risk, allowing the company to fund product development, pursue selective deals or weather macro shocks without stressing capital structure over the next several quarters.
Negative Factors
Slowing revenue momentum
Transition from strong multi-year growth to low single-digit revenue gains signals softer demand or competitive pressure in core lending software markets. Sustained slower top-line growth constrains operating leverage and long-term ability to scale margins or invest aggressively.
Read all positive and negative factors
Positive Factors
Negative Factors
Very conservative balance sheet
Extremely low leverage and a growing equity base provide durable financial flexibility. This reduces refinancing and solvency risk, allowing the company to fund product development, pursue selective deals or weather macro shocks without stressing capital structure over the next several quarters.
Read all positive factors
Nucleus Software Exports Limited (NUCLEUS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.07B
Dividend Yield1.82%
Average Volume (3M)1.28K
Price to Earnings (P/E)17.1
Beta (1Y)1.30
Revenue Growth1.66%
EPS Growth-37.05%
CountryIN
Employees1,890
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)40.04
Shares Outstanding26,325,306
10 Day Avg. Volume1,083
30 Day Avg. Volume1,280
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)2.10
Price to Sales (P/S)2.17
P/FCF Ratio20.77
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)63.6
Revenue Forecast (FY)₹9.50B
Nucleus Software Exports Limited Business Overview & Revenue Model
Company Description
Nucleus Software Exports Limited, established in Noida, India, in 1986, is a prominent provider of essential software solutions for the financial services industry. The company delivers crucial lending and transaction banking products to clients s...
How the Company Makes Money
NUCLEUS primarily makes money by selling and supporting its banking software products to financial institutions. Key revenue streams typically include: (1) Software licensing or subscription fees for the use of its core platforms (often structured...
Nucleus Software Exports Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
91
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.69B | 8.76B | 8.32B | 8.26B | 6.34B | 4.97B |
| Gross Profit | 1.71B | 2.09B | 2.98B | 3.31B | 1.88B | 765.00M |
| EBITDA | 1.24B | 1.29B | 1.68B | 2.71B | 1.91B | 713.70M |
| Net Income | 1.05B | 1.17B | 1.63B | 1.92B | 1.28B | 409.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.66B | 11.53B | 11.14B | 8.74B | 7.37B |
| Cash, Cash Equivalents and Short-Term Investments | 4.14B | 4.14B | 3.60B | 4.01B | 2.77B | 3.41B |
| Total Debt | 0.00 | 85.50M | 20.00M | 45.90M | 62.60M | 23.30M |
| Total Liabilities | -9.07B | 3.59B | 3.39B | 3.37B | 2.64B | 2.43B |
| Stockholders Equity | 9.07B | 9.07B | 8.14B | 7.77B | 6.11B | 4.94B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 915.70M | 1.36B | 1.93B | 461.40M | 334.30M |
| Operating Cash Flow | 0.00 | 1.20B | 1.51B | 2.22B | 498.40M | 576.70M |
| Investing Cash Flow | 0.00 | -551.10M | -207.80M | -1.97B | -127.00M | 1.59B |
| Financing Cash Flow | 0.00 | -365.00M | -1.26B | -301.60M | -226.50M | -2.13B |
Nucleus Software Exports Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹162.02B | 47.34 | ― | 1.40% | 22.26% | -0.41% | |
72 Outperform | ₹38.60B | 32.91 | ― | 0.27% | 29.74% | 25.01% | |
70 Outperform | ₹79.21B | 24.94 | ― | 1.19% | 7.88% | -1.77% | |
69 Neutral | ₹18.07B | 17.13 | ― | 1.71% | 1.66% | -37.05% | |
63 Neutral | ₹101.00B | 28.40 | ― | 0.55% | 22.59% | -0.57% | |
56 Neutral | ₹21.85B | 52.33 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Nucleus Software Exports Limited Corporate Events
Nucleus Software Sets July 27 Virtual AGM, Releases FY 2025-26 Integrated Report
Jul 2, 2026
Nucleus Software Exports Limited has released its integrated annual report, including the Business Responsibility and Sustainability Report, for the financial year 2025-26 and circulated the notice for its 37th Annual General Meeting. The AGM will...
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.