Covance Softsol share price

Covance Softsol Ltd's share price was ₹200.65 at the close on 7 August 2026. It has been rising for 74 weeks. Since its first close in our records, on 22 May 2026, it has traded between ₹147 and ₹263, and at that close it sat 46% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Covance Softsol Ltd is in stage 2. The phase helps read everything below.

There is not enough history yet to compare it with the NIFTY 500.

Covance Softsol Ltd is a new listing: we have 3 months of share prices so far, since 22 May 2026. The price chart, its averages and its phases need more history, so they appear once there is enough.

Over the last 2 months the share price moved +17% while the NIFTY 500 moved +5%, so it is ahead of the index over that whole period.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

7 points on a year earlier, revenue up on a year earlier for 6 quarters in a row (every quarter we can compare) and highest quarterly revenue in 10 quarters.

1. Operating margin up 19.7 points on a year earlier

   23.1% in the March 2026 quarter, from 3.4%.

2. Revenue up on a year earlier for 6 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹43 crore, +76.5% on a year earlier.

3. Highest quarterly revenue in 10 quarters

   Revenue of ₹43 crore in the March 2026 quarter is the highest of the last 10 quarters.

For January to March 2026 (the quarter ended 31 March 2026), Covance Softsol reported revenue of ₹42.7 crore, up 76.5% from ₹24.2 crore a year earlier, and a profit of ₹6.30 crore, against a loss of ₹1.92 crore a year earlier.

Covance Softsol results: January to March 2026 against a year earlier

The next results, for April to June 2026, are due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Covance Softsol closed at ₹200.65 on 7 August 2026. Its highest weekly close since May 2026 was ₹263.30 on 24 July 2026.

Covance Softsol share price: then and now

Weekly closing prices. Each change is the move from that price to the 7 Aug 2026 close. A day's intraday high or low can go beyond these weekly closes.

12 weekly closes from 22 May 2026 to 7 August 2026.

7 Aug 2026: Covance Softsol closed at ₹200.65, down 15.5% on the week and down 18.1% on the month. Results for January to March 2026: Revenue up 76.5% on a year earlier.

No. Covance Softsol Ltd paid out 0% of its profit as dividends in each of its last 3 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate (as of 7 August 2026).

Covance Softsol is not on any of our India lists this week.

Covance Softsol Ltd earned ₹6.3 Cr of net profit in the Mar 2026 quarter. Full-year FY26 profit was ₹34.0 Cr. Over 2 years profit has grown 483.1% a year on average. That is 14.8% of the quarter's revenue. The same quarter a year earlier lost ₹1.9 Cr. 2 of the last 10 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹34.0 Cr (+183.3% on the year before).

On average over the last four quarters, profit changed +444.6% and revenue +48.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Covance Softsol Ltd reported ₹42.7 Cr of revenue in the Mar 2026 quarter, +76.5% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 2 years it has grown 54.7% a year on average. The last full year, FY26, came in at ₹146 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹146 Cr.

FY26 revenue was ₹146 Cr, +43.1% on the year before.

Recent pace: the last four quarters grew +48.1% on average, against 54.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Covance Softsol Ltd's operating margin was 23.1% in the Mar 2026 quarter, 19.7 percentage points higher than the same quarter a year ago. Across 3 years it has been between 1.5% and 29.0%. The latest quarter is within that range.

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

Why the margin moved: operating margin changed +19.7 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 26% of Covance Softsol Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹4.0 Cr of operating cash against ₹34.0 Cr of profit. After ₹1.0 Cr of spending on assets, ₹3.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 26% of profit came in as cash: the cash cycle stayed about the same between FY24 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Covance Softsol Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 87 days in FY26, up from 78 days in FY24. It spent ₹0.0 Cr on assets over the last 2 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹146 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹35.0 Cr is tied up in the business at any time.

Spending on assets: ₹0.0 Cr over the last 2 years. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Covance Softsol Ltd's P/E is 12.9×, in the middle of its own history: higher than 38% of past readings. Its usual P/E (the middle reading) is 14.3×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Covance Softsol Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 0 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Covance Softsol Ltd earned a ROCE of 31% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 23.3% net margin and 0.52× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 23.3% net margin × 0.52× asset turnover × 1.66× leverage (assets divided by equity) ≈ 20.1% on equity. The margin does most of the work; borrowing is a big part of it.

Covance Softsol Ltd had ₹0.0 Cr of borrowings against ₹169 Cr of equity in FY26, so its debt is 0.00× its equity. Its operating profit is 7 times its interest bill. Over 2 years borrowings went from ₹73.0 Cr to ₹0.0 Cr. Over the last 2 of those years it spent ₹0.0 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

The spending on assets is being paid for from cash, not new debt.

Promoters cut their stake in Covance Softsol Ltd by 1.8 percentage points over 5 quarters, the biggest change among its owners. Promoters now own 71.7% of the company. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why the owners changed: promoters drove it (−1.8 points). They reduced their stake.

For Covance Softsol Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

62.9 out of 100, rank 57 of 69 in IT - Software, with 31% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Covance Softsol Ltd scores 62.9 out of 100 against the 69 companies it is compared with in IT - Software, ranking 57. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 28.5 + 20.6 + 13.8 = 62.9 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Covance Softsol ranks 57 of 69 IT - Software companies on the 4-Factor Sector Score, with 62.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: IT - Software, all 69 compared on one page.

Covance Softsol is the 65th largest of 68 IT - Software companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Mindteck (India), Ksolves India and 3i Infotech. Just below it: XT Global Infotech, Trident Techlabs and ERP Soft Systems.

IT - Software companies close in size

62. Mindteck (India) Ltd ₹482 crore
63. Ksolves India Ltd ₹474 crore
64. 3i Infotech Ltd ₹466 crore
65. Covance Softsol Ltd ₹444 crore
66. XT Global Infotech Ltd ₹375 crore
67. Trident Techlabs Ltd ₹289 crore
68. ERP Soft Systems Ltd ₹19 crore

All 68 IT - Software companies, largest first

Companies close in size in other industries

2126. AB Cotspin India Ltd ₹446 crore · Textiles - Spinning/Cotton/Blended
2127. Unifinz Capital India Ltd ₹445 crore · NBFC - Others
2128. Covance Softsol Ltd ₹444 crore
2129. ANB Metal Cast Ltd ₹443 crore · Aluminium
2130. C2C Advanced Systems Ltd ₹443 crore · Engineering - Light - General

Sector Alpha, written by code from the published numbers. Data as of 7 August 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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