Nucleus Software Exports Limited (NUCLEUS) AI Stock Analysis

• Market Cap: ₹26.31B
• Dividend Yield: 1.25%
• Average Volume (3M): 3.48K
• Price to Earnings (P/E): 15.7
• Beta (1Y): 1.48
• Revenue Growth: 4.85%
• EPS Growth: 1.23%
• Country: IN
• Employees: 1,890
• Sector: Technology
• Sector Strength: 97
• Industry: Software - Application
• EPS (TTM): 13.40
• Shares Outstanding: 26,325,306
• 10 Day Avg. Volume: 6,488
• 30 Day Avg. Volume: 3,482
• PEG Ratio: -0.93
• Price to Book (P/B): 2.64
• Price to Sales (P/S): 2.59
• P/FCF Ratio: 15.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,107.00
• Price Target Upside: 10.88% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹1,107.00 ▲(10.88% Upside)

The overall stock score for Nucleus Software Exports Limited is 68. The company's strong financial performance, characterized by revenue growth and a stable balance sheet, is the primary strength. However, bearish technical indicators suggest caution in the near term. The reasonable valuation provides some support amid these challenges.

Nucleus Software Exports Limited Business Overview & Revenue Model

Company Description

Nucleus Software Exports Limited (NUCLEUS) is a leading provider of software solutions for the banking and financial services industry. Established in 1986 and headquartered in Noida, India, the company specializes in developing and delivering scalable, flexible, and secure software products that cater to the needs of retail banking, corporate banking, and other financial services. Its flagship products include FinnOne, a comprehensive lending solution, and FinnAxia, a transaction banking solution. Nucleus Software serves a global clientele, supporting financial institutions in their digital transformation journeys.

How the Company Makes Money

Nucleus Software Exports Limited generates revenue primarily through the sale and licensing of its software products, which are tailored to meet the specific needs of the banking and financial services industry. The company offers its software solutions on a license basis, where clients pay for the right to use the software over a specified period. Additionally, Nucleus Software provides implementation, customization, and integration services, which contribute to its earnings. The company also earns recurring revenue through annual maintenance contracts and support services provided to its clients. Nucleus Software's global presence and strategic partnerships with leading financial institutions enable it to expand its market reach and enhance its revenue streams.

Nucleus Software Exports Limited Financial Statement Overview

Summary

Nucleus Software Exports Limited demonstrates strong financial performance with robust revenue growth and profitability. The balance sheet is stable with low leverage, and despite a decline in cash flow in 2025, cash operations are generally positive. Focus on cash flow maintenance is advised.

Income Statement

Nucleus Software Exports Limited has demonstrated strong revenue growth, with a notable increase from 2023 to 2025. The company maintained healthy gross and net profit margins, indicating efficient cost management and profitability. Although there was a slight dip in margins in 2025 compared to 2024, the overall trajectory remains positive.

Balance Sheet

The company showcases a robust financial position with a strong equity base and low leverage, as evidenced by a low debt-to-equity ratio. The equity ratio has remained stable, highlighting strong asset management. There is a consistent increase in stockholders' equity, reflecting retained earnings and sustainable growth.

Cash Flow

Nucleus Software Exports Limited has shown consistent free cash flow generation, although there was a decline in operating cash flow in 2025. The operating cash flow to net income ratio is favorable, indicating efficient cash conversion. However, the free cash flow decreased in 2025 compared to 2024, which might need monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.32B	8.32B	8.26B	4.97B	6.34B	5.14B
Gross Profit	2.65B	2.98B	3.31B	765.00M	2.34B	4.96B
EBITDA	2.03B	1.68B	2.71B	713.70M	1.91B	1.69B
Net Income	1.63B	1.63B	1.92B	409.10M	1.28B	1.18B
Balance Sheet
Total Assets	11.53B	11.53B	11.14B	7.37B	8.74B	8.85B
Cash, Cash Equivalents and Short-Term Investments	3.60B	3.60B	4.01B	3.41B	2.77B	5.02B
Total Debt	20.00M	20.00M	45.90M	23.30M	62.60M	63.00M
Total Liabilities	3.39B	3.39B	3.37B	2.43B	2.64B	2.13B
Stockholders Equity	8.14B	8.14B	7.77B	4.94B	6.11B	6.72B
Cash Flow
Free Cash Flow	0.00	1.36B	1.93B	334.30M	461.40M	1.12B
Operating Cash Flow	0.00	1.51B	2.22B	576.70M	498.40M	1.15B
Investing Cash Flow	0.00	-207.80M	-1.97B	1.59B	-127.00M	-1.26B
Financing Cash Flow	0.00	-1.26B	-301.60M	-2.13B	-226.50M	-133.40M

Nucleus Software Exports Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 998.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NUCLEUS, the sentiment is Negative. The current price of 998.4 is below the 20-day moving average (MA) of 1060.96, below the 50-day MA of 1132.77, and below the 200-day MA of 1029.38, indicating a bearish trend. The MACD of -38.80 indicates Positive momentum. The RSI at 34.71 is Neutral, neither overbought nor oversold. The STOCH value of 33.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NUCLEUS.

Nucleus Software Exports Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RSYSTEMS	73 Outperform	₹51.03B	35.85		2.90%	4.36%	35.84%
NUCLEUS	68 Neutral	₹26.31B	15.71		1.25%	4.85%	1.23%
INTELLECT	68 Neutral	₹129.33B	36.58		0.76%	4.93%	15.12%
SAKSOFT	68 Neutral	₹27.35B	22.72		0.39%	19.50%	18.47%
Sector *	63 Neutral	€2.32B	20.54	4.63%	2.75%	5.30%	-63.21%
RAMCOSYS	54 Neutral	₹14.92B	―		―	17.66%	93.82%

Nucleus Software Exports Limited Corporate Events

Nucleus Software Exports Limited Reports Q1 2025 Financial Results

Nucleus Software Exports Limited announced its financial results for the quarter ended June 30, 2025. The Board approved both the audited standalone and unaudited consolidated financial results, which were reviewed by the Audit Committee. This announcement reflects the company’s commitment to transparency and regulatory compliance, potentially impacting its market positioning and stakeholder confidence.

HNB and Nucleus Software Collaborate to Transform Transaction Banking with FinnAxia®

Hatton National Bank PLC (HNB), a leading financial institution in Sri Lanka, has collaborated with Nucleus Software to implement the FinnAxia® transaction banking suite. This strategic move aims to strengthen HNB’s digital banking leadership, expand its transaction banking offerings, and enhance client relationships. The implementation has resulted in a significant increase in customer onboarding and transaction volumes, offering HNB’s corporate clients a sophisticated platform for managing global payments and cash visibility.

Nucleus Software’s 36th AGM: Key Resolutions Passed with Strong Support

Nucleus Software Exports Limited held its 36th Annual General Meeting on July 28, 2025, via video conferencing, where key resolutions were passed, including the adoption of financial statements and the declaration of a final dividend. The meeting saw significant shareholder participation, with voting results indicating strong support for the resolutions, reflecting positively on the company’s governance and stakeholder engagement.