Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Saksoft Ltd

SAKSOFT
IT - Software

Saksoft Ltd's earnings have outrun its stock. EPS grew +22.4% in a year against a −24.1% price move.

The sharpest disagreement: annual EPS moved +22.4% against a −24.1% price move — the market has not yet caught up with the delivery.

The price is in a downtrend (33 weeks in) while the P/E sits at the 60th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +20.0% year on year, and 118% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Stage
Consistent
fundamental trajectory, 12 quarters
Price
₹179
−24.1% 1Y
P/E
16.3×
60th pctile
of its own 10-year range
Revenue (Mar 26)
₹249 Cr
+3.8% YoY
Profit (Mar 26)
₹36.0 Cr
+20.0% YoY
Operating margin
18.0%
+3.0 pp YoY
ROCE
25%
FY26
ROIC
22.5%
vs WACC 12.0% → +10.5 pp
Cash conversion
118%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Saksoft Ltd trades at ₹179, in a downtrend and 33 weeks into that stage. That is +8.5% against its own 200-day average. It sits at 60% of a 52-week range of ₹117 to ₹221. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks.

Today the stock is in a downtrend — week 33 of stage 4, confirmed. At ₹179 it trades +8.5% versus its 200-day average and sits at 60% of its 52-week range (₹117–₹221).

Jul 26: ₹179 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+8.5% versus the 200-day line, week 33 of stage 4
Price50-day avg200-day avg
S2S4S2S4S2S4₹321₹266₹211₹156₹102₹179₹165Jul 23Apr 24Feb 25Nov 25Jul 26
S2S4S2S4S2S4₹321₹266₹211₹156₹102₹179₹165Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (546 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1,014% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 5 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 60th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Saksoft Ltd trades at 16.3× P/E, mid-range by its own standards (60th percentile). Its long-run median P/E is 13.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 16.3× is mid-range by its own standards (60th percentile), against a long-run median of 13.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 16.3× vs a 13.9× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 40× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (60th percentile)
P/EMedianEPS (TTM) (quarterly)
43.3×₹11.232.7×₹8.422.0×₹5.611.3×₹2.80.7×₹0.0×16.30×₹10Mar 16Oct 18Jun 21Jan 24Jul 26
43.3×₹11.232.7×₹8.422.0×₹5.611.3×₹2.80.7×₹0.0×16.30×₹10Mar 16Jun 21Jul 26
PEG 0.40 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 20 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
1.0×0.9×0.7×0.5×0.4××0.40×Q1 FY22Q1 FY23Q2 FY24Q3 FY25Q4 FY26
1.0×0.9×0.7×0.5×0.4××0.40×Q1 FY22Q2 FY24Q4 FY26
P/E
16.3×
60th percentile of 10y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Why the multiple sits where it does: over the past year annual EPS moved +22.4% against a −24.1% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +26.7%/yr price move, ~+24.3%/yr came from earnings growth and ~+2.4 pp from the multiple (expanding); over 10y, of the +25.3%/yr price move, ~+21.1%/yr came from earnings growth and ~+4.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Consistent

Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Saksoft Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 24.0% and holding. The read is built from 12 quarters across 4 curves, on full evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
37%42%30%31%23%21%16%9.9%8.7%−0.9%%%14%22%22.4%Jun 23Sep 24Mar 26
37%42%30%31%23%21%16%9.9%8.7%−0.9%%%14%22%22.4%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
31%29%27%24%22%%24%Jun 23Sep 24Mar 26
31%29%27%24%22%%24%Jun 23Sep 24Mar 26
Revenue growth
Steady high
latest +14.0% · span +10.6% to +34.9%
Profit growth
Steady high
latest +22.0% · span +3.2% to +39.1%
EPS growth
Steady high
latest +22.4% · span +2.1% to +34.7%
ROCE
Steady high
latest 24.0% · span 22.8%–30.3%

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

Growth, year by year: revenue +14.0% in FY26, profit +22.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
42%73%31%51%20%29%8.4%6.8%−2.8%−15%%%14%22%FY16FY21FY26
42%73%31%51%20%29%8.4%6.8%−2.8%−15%%%14%22%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+14.0%) with the last 8 annualized (+15.0%).
revenue stabilising, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
37%42%30%31%23%21%16%9.9%8.7%−0.9%%%14%22%Jun 23Sep 24Mar 26
37%42%30%31%23%21%16%9.9%8.7%−0.9%%%14%22%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+14.0%+14.8%+21.1%+15.2%
Profit+22.0%+17.5%+24.2%+19.7%
EPS+22.4%+17.4%+23.7%+21.6%
Share price−24.1%−11.5%+26.7%+25.3%
Revenue YoY (Mar 26)
+3.8%
latest quarter vs a year ago
Profit YoY (Mar 26)
+20.0%
latest quarter vs a year ago
Revenue 10y
15.2%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

63.8/100 — rank 9 of 63 in IT - Software · 90% evidence confidence

Saksoft Ltd scores 63.8 out of 100 against the 63 companies it is compared with in IT - Software, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 24.1 + 18.6 + 13.4 + 7.7 = 63.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Saksoft Ltd reported ₹249 Cr of revenue in the Mar 26 quarter, +3.8% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 15.2% a year. The last full year, FY26, came in at ₹1,007 Cr. The last four reported quarters add to ₹1,007 Cr.

Saksoft Ltd reported ₹249 Cr of revenue in the Mar 26 quarter, +3.8% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 15.2% a year. The last full year, FY26, came in at ₹1,007 Cr. The last four reported quarters add to ₹1,007 Cr.

FY26 revenue came in at ₹1,007 Cr (+14.0% on the year), capping 10 years at 15.2% compound. The latest quarter (Mar 26) printed ₹249 Cr, +3.8% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹1,007 Cr (+14.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
15.2% a year over 10 years
RevenueYoY growth
1.1k42%81631%54420%2728.4%0−2.8%₹ Cr%₹1,00714%FY16FY21FY26
1.1k42%81631%54420%2728.4%0−2.8%₹ Cr%₹1,00714%FY16FY21FY26
Mar 26: ₹249 Cr (+3.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
27926%20920%13914%708.0%02.2%₹ Cr%₹2493.8%Jun 23Sep 24Mar 26
27926%20920%13914%708.0%02.2%₹ Cr%₹2493.8%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +14.6% growth against the decade's 15.2% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +14.0% over the last 4 quarters against +15.0%/yr over the last 8 — stabilising; TTM profit +22.0% vs +17.7%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 18.0% this quarter (+3.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Saksoft Ltd's operating margin is 18.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 10.0% to 19.0%. The current quarter sits inside that band.

Saksoft Ltd's operating margin is 18.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 10.0% to 19.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 18.0%, +3.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0%–19.0%, and FY26's 19.0% is the top of that band — a record year.

Why the margin moved: operating margin went +3.0 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 19.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a 10.0–19.0% band over 13 years
operating marginYoY change (pp)
20%4.5%17%2.7%15%1.0%12%−0.7%9.3%−2.5%%%19%2%FY14FY20FY26
20%4.5%17%2.7%15%1.0%12%−0.7%9.3%−2.5%%%19%2%FY14FY20FY26
Mar 26: 18.0% operating margin (+3.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
20%3.4%19%1.9%18%0.5%16%−0.9%15%−2.4%%%18%3%Jun 23Sep 24Mar 26
20%3.4%19%1.9%18%0.5%16%−0.9%15%−2.4%%%18%3%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +20.0% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Saksoft Ltd earned ₹36.0 Cr of net profit in the Mar 26 quarter, +20.0% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹133 Cr. The 10-year compound rate is 19.7%. That is 14.5% of the quarter's revenue. The same quarter a year earlier earned ₹30.0 Cr.

Saksoft Ltd earned ₹36.0 Cr of net profit in the Mar 26 quarter, +20.0% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹133 Cr. The 10-year compound rate is 19.7%. That is 14.5% of the quarter's revenue. The same quarter a year earlier earned ₹30.0 Cr.

Mar 26 profit was ₹36.0 Cr, +20.0% year on year — the 8th consecutive quarter of growth. On the full year, FY26 printed ₹133 Cr (+22.0%), and the 10-year compound rate is 19.7%.

FY26 profit ₹133 Cr (+22.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
19.7% a year over 10 years
Net profitYoY growth
14464%10844%7225%365.1%0−14%₹ Cr%₹13322%FY16FY21FY26
14464%10844%7225%365.1%0−14%₹ Cr%₹13322%FY16FY21FY26
Mar 26: ₹36.0 Cr (+20.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
8th straight quarter of growth
Net profit (quarterly)YoY growth
3943%2929%1915%101.8%0−12%₹ Cr%₹3620%Jun 23Sep 24Mar 26
3943%2929%1915%101.8%0−12%₹ Cr%₹3620%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +3.8% and the margin +3.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +22.3% vs revenue +14.6%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 118% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 118% of Saksoft Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹171 Cr of operating cash against ₹133 Cr of profit. After ₹36.0 Cr of capital spending, ₹135 Cr was left as free cash.

FY26: operating cash of ₹171 Cr against reported profit of ₹133 Cr, leaving free cash of ₹135 Cr after ₹36.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 118% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹171 Cr vs profit ₹133 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
118% of 3-year profit arrived as cash
Operating cashNet profitFree cash
19012153−15−84₹ Cr₹171₹133₹135FY16FY21FY26
19012153−15−84₹ Cr₹171₹133₹135FY16FY21FY26
FY26: CFO = 129% of profit (three-year rate 118%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
163%138%114%89%64%%129%FY16FY21FY26
163%138%114%89%64%%129%FY16FY21FY26

Why conversion sits at 118%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: the bigger cash user is investment — capital spending ran 9.6× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹363 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Saksoft Ltd's cash conversion cycle runs 70 days in FY26, up from 61 days in FY21. Capital spending ran ₹363 Cr over the last 3 years. At FY26 sales of ₹1,007 Cr each day of that cycle holds about ₹2.8 Cr, so roughly ₹193 Cr sits inside the business at any moment.

FY26: debtors at 70 days (an asset-light business — no inventory to speak of) — for a full cycle of 70 days, looser than FY21's 61.

In money terms: at FY26 sales of ₹1,007 Cr, each day of the cycle holds about ₹2.8 Cr — so the 70-day loop keeps roughly ₹193 Cr sitting inside the business at any moment.

FY26: a 70-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+9 days vs FY21
Cash cycleDebtor days
8881746659days70d70dFY14FY17FY20FY23FY26
8881746659days70d70dFY14FY20FY26

On the investment side: capital spending of ₹363 Cr over the last 3 fiscal years against ₹38.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹36.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
1901388735−17₹ Cr₹36₹0FY16FY18FY21FY23FY26
1901388735−17₹ Cr₹36₹0FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 25% and the ROIC − WACC spread is +10.5 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Saksoft Ltd earns a ROCE of 25% in FY26. That is up from a trough of 18% in FY14. Return on invested capital clears the cost of that capital by +10.5 percentage points, so growth here adds value rather than only size. The wiring behind it is 13.2% net margin on 0.94× asset turns.

FY26 ROCE is 25%, recovered from a FY14 trough of 18% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 13.2% net margin × 0.94× asset turns × 1.38× balance-sheet leverage ≈ 17.1% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 22.5% − 12.0% = a +10.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 25% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY14's 18%
ROCEROIC (annual)WACC
33%28%22%16%10%%25%24.1%FY14FY20FY26
33%28%22%16%10%%25%24.1%FY14FY20FY26
Q4 FY26: ROCE 20.7% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
36%30%23%17%10%%20.7%24%Q1 FY24Q2 FY25Q4 FY26
36%30%23%17%10%%20.7%24%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.06.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Saksoft Ltd carries total debt of ₹44.0 Cr against shareholder equity of ₹779 Cr as of Mar 26, a debt-to-equity of 0.06 — effectively unlevered. On the annual view that ratio went from 0.07 in FY22 to 0.06 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹44.0 Cr against shareholder equity of ₹779 Cr — a debt-to-equity of 0.06. On the annual view, debt-to-equity went from 0.07 (FY22) to 0.06 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹44.0 Cr at 0.06× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
810.13×610.10×410.08×200.05×00.02×₹ Cr×₹440.06×FY22FY24FY26
810.13×610.10×410.08×200.05×00.02×₹ Cr×₹440.06×FY22FY24FY26
Mar 26: debt ₹44.0 Cr, debt-to-equity 0.06 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
810.13×610.10×410.08×200.05×00.02×₹ Cr×₹440.06×Jun 23Sep 24Mar 26
810.13×610.10×410.08×200.05×00.02×₹ Cr×₹440.06×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 1.3 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 1.3 points of Saksoft Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 2.2% of the company. Promoters moved +0.1 points over the same window, to 66.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −1.3 points over 8 quarters to 2.2%; Promoters: +0.1 points over 8 quarters to 66.7%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

🚨 Why the register moved: foreign institutions drove it (−1.3 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.1 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
72%53%33%14%−5.3%%66.7%2.4%0%27.3%Mar 24Mar 25Mar 26
72%53%33%14%−5.3%%66.7%2.4%0%27.3%Mar 24Mar 25Mar 26
Foreign institutions cut 1.3 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
72%53%33%14%−5.3%%66.7%2.2%0.0%28.1%Jun 23Dec 24Jun 26
72%53%33%14%−5.3%%66.7%2.2%0.0%28.1%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Saksoft Ltd: the Z-score reads 7.44. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 7.44 sits well clear of the distress zone — the balance sheet is not the risk here.

The safety line in one sentence: the Z-score reads 7.44.

Related companies · same sector · IT - Software Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Saksoft Ltd this page16.3×₹2,231 CrMixed
Tata Consultancy Services Ltd15.2×₹8.2L CrConsistent
Infosys Ltd13.6×₹4.2L CrConsistent
HCL Technologies Ltd19.0×₹3.4L CrMixed
Wipro Ltd13.3×₹1.8L CrTopping out
Tech Mahindra Ltd28.7×₹1.5L CrTopping out
LTM Ltd21.6×₹1.2L CrConsistent
Coforge Ltd40.0×₹65,726 CrMixed
Mphasis Ltd22.6×₹43,674 CrConsistent
Hexaware Technologies Ltd23.0×₹33,719 CrNo read
IDream Film Infrastructure Company Ltd₹17,180 CrNo read
Zensar Technologies Ltd15.1×₹11,511 CrTurning around
Sonata Software Ltd15.8×₹8,079 CrMixed
Tanla Platforms Ltd14.9×₹7,954 CrTurning around
Birlasoft Ltd14.8×₹7,896 CrTurning around
Seshaasai Technologies Ltd23.6×₹6,221 CrNo read
ASM Technologies Ltd103.0×₹6,206 CrNo read
AvenuesAI Ltd20.2×₹5,700 CrMixed
Mastek Ltd12.0×₹5,242 CrConsistent
Datamatics Global Services Ltd20.3×₹4,856 CrTopping out
Aurionpro Solutions Ltd21.0×₹4,562 CrMixed
Moschip Technologies Ltd141.0×₹4,508 CrMixed
Capillary Technologies India Ltd128.0×₹3,790 Cr
TechNVision Ventures Ltd984.0×₹3,563 CrNo read
Cigniti Technologies Ltd11.4×₹3,472 CrMixed
63 Moons Technologies Ltd₹3,264 CrNo read
ASM Technologies Ltd52.8×₹3,220 CrNo read
TechNVision Ventures Ltd14,485.0×₹3,187 CrNo read
R Systems International Ltd12.6×₹2,909 CrTurning around
Sasken Technologies Ltd48.1×₹2,765 CrImproving
BLS E-Services Ltd44.6×₹2,565 CrMixed
Silver Touch Technologies Ltd71.0×₹2,538 CrTurning around
Blue Cloud Softech Solutions Ltd31.2×₹1,889 CrMixed
Hypersoft Technologies Ltd440.0×₹1,798 CrNo read
Kody Technolab Ltd104.0×₹1,748 Cr
IZMO Ltd34.8×₹1,653 CrImproving
NINtec Systems Ltd50.3×₹1,610 CrMixed
Dynacons Systems & Solutions Ltd18.6×₹1,580 CrMixed
Magellanic Cloud Ltd13.6×₹1,568 CrMixed
InfoBeans Technologies Ltd18.0×₹1,526 CrMixed
12 · Frequently asked questions

Frequently asked questions

What is Saksoft Ltd's share price today?

Saksoft Ltd trades at ₹179, −24.1% over the past year. The company is valued at ₹2,231 Cr. The stock sits at 60% of its 52-week range of ₹117–₹221, +8.5% versus its 200-day average. On the tape, the price is in a downtrend, 33 weeks in. — as of 24 July 2026.

What were Saksoft Ltd's latest quarterly results?

Saksoft Ltd reported revenue of ₹249 Cr and net profit of ₹36.0 Cr for the Mar 26 quarter. Revenue rose 3.8% and profit rose 20.0% year on year. Earnings per share were ₹2.71. The operating margin was 18.0%, 3.0 pp higher than a year earlier. — as of 24 July 2026.

What is Saksoft Ltd's revenue?

Saksoft Ltd reported revenue of ₹249 Cr in the Mar 26 quarter, +3.8% year on year. For the full FY26 fiscal year, revenue was ₹1,007 Cr (+14.0%). Over the last 10 years revenue compounded at 15.2% a year. — as of 24 July 2026.

What is Saksoft Ltd's profit?

Saksoft Ltd earned ₹36.0 Cr of net profit in the Mar 26 quarter, +20.0% year on year — the 8th straight quarter of growth. Full-year FY26 profit was ₹133 Cr. The operating margin ran 18.0% in the latest quarter. — as of 24 July 2026.

What is Saksoft Ltd's market cap?

Saksoft Ltd's market capitalisation is ₹2,231 Cr at a share price of ₹179. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Saksoft Ltd's P/E ratio?

Saksoft Ltd trades at a P/E of 16.3×, at the 60th percentile of its own 10-year range, against a long-run median of 13.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Saksoft Ltd pay a dividend?

Yes — Saksoft Ltd's dividend payout was 10% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Saksoft Ltd overvalued?

On its own history, Saksoft Ltd looks mid-range against its own history: its P/E of 16.3× sits at the 60th percentile of its 10-year range (long-run median 13.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.

Is Saksoft Ltd growing?

Yes — Saksoft Ltd is growing: latest-quarter revenue +3.8% year on year, profit +20.0%, and the margin +3.0 pp at 18.0%. The 10-year compound rates are 15.2% (revenue) and 19.7% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Saksoft Ltd performing?

Saksoft Ltd is in a downtrend, 33 weeks in. Its latest quarter's revenue rose 3.8% and profit rose 20.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 5 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Saksoft Ltd in?

Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 24.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +14.0% latest, profit growth +22.0% latest, eps growth +22.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Saksoft Ltd in an uptrend?

No — the price is in a downtrend (week 33 of stage 4), trading +8.5% versus its 200-day average and at 60% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Saksoft Ltd beating the market?

On recent form, yes — Saksoft Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +1,014% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.

Will Saksoft Ltd's share price go up?

This page publishes no price forecast for Saksoft Ltd. What it measures instead: the share price is ₹179, the price is in a downtrend 33 weeks in. Its P/E of 16.3× sits at the 60th percentile of its own 10-year range. Direction is not something this site claims to know. — as of 24 July 2026.

Who owns Saksoft Ltd?

Promoters hold 66.7% of Saksoft Ltd, foreign institutions 2.2%, domestic institutions 0.0% and the public 28.1% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 1.3 points over 8 quarters. — as of 24 July 2026.

Does Saksoft Ltd have too much debt?

No — Saksoft Ltd's debt-to-equity is 0.06, and operating profit covers the interest bill 21×. FY26 borrowings were ₹44.0 Cr against equity of ₹779 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Saksoft Ltd's capex?

Saksoft Ltd spent ₹363 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹36.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Saksoft Ltd's cash flow?

Saksoft Ltd generated ₹171 Cr of operating cash flow in FY26 and ₹135 Cr of free cash flow after ₹36.0 Cr of capital spending. Reported profit that year was ₹133 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Saksoft Ltd's profit real cash?

Yes — over the last 3 fiscal years, 118% of Saksoft Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹171 Cr against reported profit of ₹133 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

How financially safe is Saksoft Ltd?

On the balance sheet, the Z-score reads 7.44 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.

Where is Saksoft Ltd in its business cycle?

Saksoft Ltd's FY26 operating margin was 19.0%, against a 13-year band of 10.0%–19.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 18.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Saksoft Ltd story?

The sharpest disagreement: annual EPS moved +22.4% against a −24.1% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Saksoft Ltd a stock worth studying right now?

This is not investment advice. The machine read: Saksoft Ltd's earnings have outrun its stock. EPS grew +22.4% in a year against a −24.1% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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