# Covance Softsol share price (Covance Softsol Ltd, BSE: 544361)

> Covance Softsol share price: ₹200.65 at the BSE close on 7 August 2026, the latest close in our records. Covance Softsol (BSE: 544361) is worth ₹444 crore and trades at a P/E of 12.9. > Covance Softsol Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. 544361 · IT - Software · data as of 7 August 2026. Page: https://www.sectoralpha.in/stocks/covance-softsol-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹200.65
- P/E: 12.9× (lower than 62% of the last 1 year)
- Revenue (Mar 2026): ₹42.7 Cr (+76.5% on a year ago)
- Profit (Mar 2026): ₹6.3 Cr
- Operating margin: 23.1% (+19.7 points on a year ago)
- ROCE: 31%, FY26

The main question: profits are rising, but only 26% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the 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. 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. ## What changed at Covance Softsol this quarter? 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. ## What are Covance Softsol's latest quarterly results? 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

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹42.7 crore | ₹24.2 crore | +76.5% |
| Profit | ₹6.30 crore | loss of ₹1.92 crore | n/a |
| Earnings per share | ₹2.84 | ₹−0.87 | n/a |
| Operating margin | 23.1% | 3.4% | +19.7 points |

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.)

## What is the Covance Softsol share price history? 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

| When | Close | Change to 7 Aug 2026 |
| --- | --- | --- |
| 1 week ago · 31 Jul 2026 | ₹237.45 | −15.5% |
| 1 month ago · 10 Jul 2026 | ₹244.95 | −18.1% |
| Earliest weekly close in our records · 22 May 2026 | ₹171.30 | +17.1% |
| Highest weekly close since May 2026 · 24 Jul 2026 | ₹263.30 | −23.8% |
| Lowest weekly close since May 2026 · 5 Jun 2026 | ₹146.60 | +36.9% |

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.)

## What is the latest news on Covance Softsol? 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. ## What dividend does Covance Softsol pay? 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). ## Which stock lists is Covance Softsol on? Covance Softsol is not on any of our India lists this week. ## Is Covance Softsol profitable? 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. 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. ## How much revenue does Covance Softsol make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Covance Softsol keep? 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. 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. ## Is Covance Softsol's profit turning into cash? 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. 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. ## Where does Covance Softsol's cash go? 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. 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. ## What is Covance Softsol's P/E ratio, and how does it compare with its own history? 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. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Covance Softsol business getting better or worse? 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. 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. ## How much does Covance Softsol earn on its capital? 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). 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. ## Does Covance Softsol have too much debt? 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. The spending on assets is being paid for from cash, not new debt. ## What is the Covance Softsol shareholding pattern? 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. Why the owners changed: promoters drove it (−1.8 points). They reduced their stake. ## How far is Covance Softsol from balance-sheet trouble? 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. ## How does Covance Softsol rank in its industry? 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. ## Which companies is Covance Softsol compared with? Covance Softsol ranks 57 of 69 IT - Software companies on the 4-Factor Sector Score, with 62.9 out of 100. 1. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) COFORGE · leader · Most evidence points up · 100% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 41.5% · Profit 56.3% · Operating margin change 1 points · 100% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 20% · 100% evidence Valuation 11.3/20 · P/E 41.7× · PEG 0.57 · 100% evidence Relative strength 18.5/20 · Lead over its industry 24.5% · Lead over NIFTY 500 35.5% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 16.4 + 11.3 + 18.5 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Expleo Solutions Ltd](https://www.sectoralpha.in/stocks/expleo-solutions-ltd) EXPLEOSOL · breaking out · Most evidence points up · 81% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.4% · Profit 39.4% · Operating margin change 4 points · 88% evidence Capital efficiency 15.4/25 · ROCE 24.2% · Operating margin 15% · 100% evidence Valuation 18.7/20 · P/E 8.5× · PEG 0.33 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -20.7% · 25% evidence · 8 of 12 weeks ahead Exact sum: 24.6 + 15.4 + 18.7 + 9.6 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) CIGNITITEC · Too little evidence to rank firmly · 55% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Revenue 14% · Profit 96.1% · Operating margin change 2 points · 47% evidence Capital efficiency 20.8/31.25 · ROCE 34.1% · Operating margin 18% · 75% evidence Valuation 19.5/25 · P/E 11.4× · PEG 0.74 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 20.8 + 19.5 = 68.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Metalic Technoforge Ltd](https://www.sectoralpha.in/stocks/metalic-technoforge-ltd) META · turning · Too little evidence to rank firmly · 51% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 20.2/31.25 · ROCE 44% · Operating margin 11% · 76% evidence Valuation 14.3/25 · P/E 6.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.8 + 20.2 + 14.3 = 67.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Sahana Systems Ltd](https://www.sectoralpha.in/stocks/sahana-systems-ltd) SAHANA · leader · Too little evidence to rank firmly · 54% evidence 66.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 27% evidence Capital efficiency 18.4/25 · ROCE 39.8% · Operating margin 29% · 57% evidence Valuation 12.0/20 · P/E 14.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 12.3% · Lead over NIFTY 500 22.7% · 1 year 5.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.4 + 18.4 + 12 + 17.2 = 66 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Silver Touch Technologies Ltd](https://www.sectoralpha.in/stocks/silver-touch-technologies-ltd) SILVERTUC · quiet · Most evidence points up · 100% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 21.7% · Profit 88% · Operating margin change 5 points · 100% evidence Capital efficiency 21.3/25 · ROCE 29.8% · Operating margin 21% · 100% evidence Valuation 11.2/20 · P/E 31.6× · PEG 1.11 · 100% evidence Relative strength 3.0/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -13.9% · 1 year 52.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 21.3 + 11.2 + 3 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -21.7% and the one-year return is 52.9%. 7. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) NINSYS · turning · Most evidence points up · 93% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 18.8% · Profit 23.3% · Operating margin change 2 points · 100% evidence Capital efficiency 22.4/25 · ROCE 54% · Operating margin 27% · 100% evidence Valuation 6.6/20 · P/E 48.1× · PEG 2.08 · 65% evidence Relative strength 18.2/20 · Lead over its industry 57.5% · Lead over NIFTY 500 70.4% · 1 year 113.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 22.4 + 6.6 + 18.2 = 65.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Unified Data- Tech Solutions Ltd](https://www.sectoralpha.in/stocks/unified-data-tech-solutions-ltd) breaking out · Too little evidence to rank firmly · 56% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 26% evidence Capital efficiency 18.3/25 · ROCE 34.1% · Operating margin 15% · 95% evidence Valuation 10.2/20 · P/E 17.3× · PEG n/a · 15% evidence Relative strength 17.8/20 · Lead over its industry 11.5% · Lead over NIFTY 500 22% · 1 year -7.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17 + 18.3 + 10.2 + 17.8 = 63.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) leader · Evidence leans up · 61% evidence 63.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 67.8% · Profit 89.5% · Operating margin change 2 points · 83% evidence Capital efficiency 15.9/25 · ROCE 27% · Operating margin 23% · 95% evidence Valuation 8.7/20 · P/E 124× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 66.2% · 1 year 78.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 26.1 + 15.9 + 8.7 + 12.3 = 63 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) TANLA · turning · Evidence leans up · 85% evidence 62.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 17.7% · Profit 15.4% · Operating margin change 0 points · 100% evidence Capital efficiency 18.3/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 14.0/20 · P/E 15× · PEG 1.07 · 100% evidence Relative strength 11.7/20 · Lead over its industry n/a · Lead over NIFTY 500 26.7% · 1 year 2.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.7 + 18.3 + 14 + 11.7 = 62.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [String Metaverse Ltd](https://www.sectoralpha.in/stocks/string-metaverse-ltd) breaking out · Evidence leans up · 83% evidence 62.5 out of 100 Growth Capital Valuation Relative
12. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) TECHM · leader · Evidence leans up · 85% evidence 62.1 out of 100 Growth Capital Valuation Relative
13. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) INFY · breaking out · Evidence leans up · 82% evidence 61.7 out of 100 Growth Capital Valuation Relative
14. [InfoBeans Technologies Ltd](https://www.sectoralpha.in/stocks/infobeans-technologies-ltd) INFOBEAN · quiet · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
15. [Zensar Technologies Ltd](https://www.sectoralpha.in/stocks/zensar-technologies-ltd) ZENSARTECH · turning · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
16. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) TCS · breaking out · Evidence leans up · 100% evidence 60.9 out of 100 Growth Capital Valuation Relative
17. [Sasken Technologies Ltd](https://www.sectoralpha.in/stocks/sasken-technologies-ltd) SASKEN · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative
18. [Birlasoft Ltd](https://www.sectoralpha.in/stocks/birlasoft-ltd) BSOFT · breaking out · Evidence leans up · 100% evidence 59.5 out of 100 Growth Capital Valuation Relative
19. [Seshaasai Technologies Ltd](https://www.sectoralpha.in/stocks/seshaasai-technologies-ltd) STYL · quiet · Evidence leans up · 68% evidence 59.5 out of 100 Growth Capital Valuation Relative
20. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) XCHANGING · quiet · Evidence leans up · 85% evidence 59.1 out of 100 Growth Capital Valuation Relative
21. [RNIT AI Solutions Ltd](https://www.sectoralpha.in/stocks/rnit-ai-solutions-ltd) AUTOPALIND · breaking out · Evidence leans up · 69% evidence 59.1 out of 100 Growth Capital Valuation Relative
22. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) breaking out · Evidence leans up · 68% evidence 58.8 out of 100 Growth Capital Valuation Relative
23. [Softtech Engineers Ltd](https://www.sectoralpha.in/stocks/softtech-engineers-ltd) SOFTTECH · breaking out · Evidence leans up · 79% evidence 58.3 out of 100 Growth Capital Valuation Relative
24. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) RSYSTEMS · losing its lead · Evidence leans up · 96% evidence 57.0 out of 100 Growth Capital Valuation Relative
25. [HCL Technologies Ltd](https://www.sectoralpha.in/stocks/hcl-technologies-ltd) HCLTECH · leader · Evidence leans up · 82% evidence 56.7 out of 100 Growth Capital Valuation Relative
26. [Datamatics Global Services Ltd](https://www.sectoralpha.in/stocks/datamatics-global-services-ltd) DATAMATICS · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative
27. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) WIPRO · turning · Evidence leans up · 100% evidence 55.4 out of 100 Growth Capital Valuation Relative
28. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) SUBEXLTD · breaking out · Evidence leans up · 64% evidence 55.4 out of 100 Growth Capital Valuation Relative
29. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) KSOLVES · quiet · Evidence leans up · 100% evidence 52.8 out of 100 Growth Capital Valuation Relative
30. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) CAPILLARY · breaking out · Too little evidence to rank firmly · 59% evidence 52.6 out of 100 Growth Capital Valuation Relative
31. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) LTM · losing its lead · Evidence leans up · 100% evidence 51.1 out of 100 Growth Capital Valuation Relative
32. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) TECHNVISN · quiet · Evidence leans up · 64% evidence 51.1 out of 100 Growth Capital Valuation Relative
33. [Saksoft Ltd](https://www.sectoralpha.in/stocks/saksoft-ltd) SAKSOFT · basing · Evidence leans up · 96% evidence 50.9 out of 100 Growth Capital Valuation Relative
34. [BLS E-Services Ltd](https://www.sectoralpha.in/stocks/bls-e-services-ltd) BLSE · leader · Evidence leans up · 78% evidence 50.5 out of 100 Growth Capital Valuation Relative
35. [Mphasis Ltd](https://www.sectoralpha.in/stocks/mphasis-ltd) MPHASIS · breaking out · Evidence leans up · 81% evidence 50.3 out of 100 Growth Capital Valuation Relative
36. [Excelsoft Technologies Ltd](https://www.sectoralpha.in/stocks/excelsoft-technologies-ltd) EXCELSOFT · breaking out · Too little evidence to rank firmly · 59% evidence 50.3 out of 100 Growth Capital Valuation Relative
37. [Blue Cloud Softech Solutions Ltd](https://www.sectoralpha.in/stocks/blue-cloud-softech-solutions-ltd) BLUECLOUDS · turning · Evidence leans down · 64% evidence 49.9 out of 100 Growth Capital Valuation Relative
38. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ACSTECH · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative
39. [Magellanic Cloud Ltd](https://www.sectoralpha.in/stocks/magellanic-cloud-ltd) MCLOUD · basing · Evidence leans down · 81% evidence 49.2 out of 100 Growth Capital Valuation Relative
40. [Dynacons Systems & Solutions Ltd](https://www.sectoralpha.in/stocks/dynacons-systems-solutions-ltd) DSSL · quiet · Evidence leans down · 96% evidence 48.5 out of 100 Growth Capital Valuation Relative
41. [IZMO Ltd](https://www.sectoralpha.in/stocks/izmo-ltd) IZMO · quiet · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative
42. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) MASTEK · quiet · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
43. [Sonata Software Ltd](https://www.sectoralpha.in/stocks/sonata-software-ltd) SONATSOFTW · quiet · Evidence leans down · 96% evidence 46.9 out of 100 Growth Capital Valuation Relative
44. [AvenuesAI Ltd](https://www.sectoralpha.in/stocks/avenuesai-ltd) CCAVENUE · quiet · Evidence leans down · 89% evidence 44.8 out of 100 Growth Capital Valuation Relative
45. [Unicommerce eSolutions Ltd](https://www.sectoralpha.in/stocks/unicommerce-esolutions-ltd) UNIECOM · turning · Evidence leans down · 78% evidence 44.6 out of 100 Growth Capital Valuation Relative
46. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ADSL · basing · Evidence leans down · 74% evidence 42.1 out of 100 Growth Capital Valuation Relative
47. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) HEXT · basing · Evidence leans down · 85% evidence 42.0 out of 100 Growth Capital Valuation Relative
48. [Hypersoft Technologies Ltd](https://www.sectoralpha.in/stocks/hypersoft-technologies-ltd) quiet · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
49. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) KELLTONTEC · quiet · Evidence leans down · 96% evidence 38.9 out of 100 Growth Capital Valuation Relative
50. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) 3IINFOLTD · Too little evidence to rank firmly · 58% evidence 38.9 out of 100 Growth Capital Valuation Relative
51. [Innovana Thinklabs Ltd](https://www.sectoralpha.in/stocks/innovana-thinklabs-ltd) INNOVANA · basing · Evidence leans down · 81% evidence 37.6 out of 100 Growth Capital Valuation Relative
52. [Mindteck (India) Ltd](https://www.sectoralpha.in/stocks/mindteck-indialtd) MINDTECK · Most evidence points down · 76% evidence 32.8 out of 100 Growth Capital Valuation Relative
53. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) AURIONPRO · basing · Most evidence points down · 93% evidence 29.7 out of 100 Growth Capital Valuation Relative
54. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) MOSCHIP · quiet · Most evidence points down · 65% evidence 26.1 out of 100 Growth Capital Valuation Relative
55. [Quick Heal Technologies Ltd](https://www.sectoralpha.in/stocks/quick-heal-technologies-ltd) QUICKHEAL · turning · Most evidence points down · 80% evidence 22.9 out of 100 Growth Capital Valuation Relative
56. Orient Technologies Ltd ORIENTTECH · quiet · Most evidence points down · 76% evidence 21.2 out of 100 Growth Capital Valuation Relative
57. Covance Softsol Ltd this page Too little evidence to rank firmly · 31% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/43.75 · Revenue 43.5% · Profit 100% · Operating margin change 19.7 points · 40% evidence Capital efficiency 20.6/31.25 · ROCE 31.4% · Operating margin 23.1% · 57% evidence Valuation 13.8/25 · P/E 12.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 28.5 + 20.6 + 13.8 = 62.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 58. [Exato Technologies Ltd](https://www.sectoralpha.in/stocks/exato-technologies-ltd) losing its lead · Too little evidence to rank firmly · 43% evidence 59.2 out of 100 Growth Capital Valuation Relative
59. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) TAC · quiet · Too little evidence to rank firmly · 48% evidence 58.5 out of 100 Growth Capital Valuation Relative
60. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) VEEFIN · basing · Too little evidence to rank firmly · 43% evidence 54.2 out of 100 Growth Capital Valuation Relative
61. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) KODYTECH · leader · Too little evidence to rank firmly · 35% evidence 53.5 out of 100 Growth Capital Valuation Relative
62. [Optivalue Tek Consulting Ltd](https://www.sectoralpha.in/stocks/optivalue-tek-consulting-ltd) OPTIVALUE · Too little evidence to rank firmly · 32% evidence 51.4 out of 100 Growth Capital Valuation Relative
63. [Workmates Core2cloud Solution Ltd](https://www.sectoralpha.in/stocks/workmates-core2cloud-solution-ltd) Too little evidence to rank firmly · 26% evidence 51.3 out of 100 Growth Capital Valuation Relative
64. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) TECHLABS · Too little evidence to rank firmly · 27% evidence 47.5 out of 100 Growth Capital Valuation Relative
65. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) Too little evidence to rank firmly · 36% evidence 46.7 out of 100 Growth Capital Valuation Relative
66. [Sancode Technologies Ltd](https://www.sectoralpha.in/stocks/sancode-technologies-ltd) Too little evidence to rank firmly · 35% evidence 46.5 out of 100 Growth Capital Valuation Relative
67. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) 63MOONS · leader · Too little evidence to rank firmly · 46% evidence 45.6 out of 100 Growth Capital Valuation Relative
68. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) XTGLOBAL · Too little evidence to rank firmly · 40% evidence 45.4 out of 100 Growth Capital Valuation Relative
69. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) quiet · Too little evidence to rank firmly · 42% evidence 34.9 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/it-software), all 69 compared on one page. ## Which companies are close to Covance Softsol in size? 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: Ksolves India, 3i Infotech and ACS Technologies. Just below it: XT Global Infotech, Trident Techlabs and ERP Soft Systems. ### IT - Software companies close in size

1. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) ₹474 crore
2. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) ₹466 crore
3. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ₹454 crore
4. Covance Softsol Ltd ₹444 crore
5. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) ₹375 crore
6. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) ₹289 crore
7. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) ₹19 crore

[All 68 IT - Software companies, largest first](https://www.sectoralpha.in/sectors/it-software#all-companies)

### Companies close in size in other industries

1. [AB Cotspin India Ltd](https://www.sectoralpha.in/stocks/ab-cotspin-india-ltd) ₹446 crore · Textiles - Spinning/Cotton/Blended
2. [Unifinz Capital India Ltd](https://www.sectoralpha.in/stocks/unifinz-capital-india-ltd) ₹445 crore
3. Covance Softsol Ltd ₹444 crore
4. [ANB Metal Cast Ltd](https://www.sectoralpha.in/stocks/anb-metal-cast-ltd) ₹443 crore · Aluminium
5. [C2C Advanced Systems Ltd](https://www.sectoralpha.in/stocks/c2c-advanced-systems-ltd) ₹443 crore · Engineering - Light - General

## What else do people ask about Covance Softsol? ### What were Covance Softsol's latest quarterly results? Covance Softsol Ltd reported revenue of ₹42.7 Cr and net profit of ₹6.3 Cr for the Mar 2026 quarter. Earnings per share were ₹2.84. The operating margin was 23.1%, 19.7 percentage points higher than a year earlier (as of 7 August 2026). ### What is Covance Softsol's market cap? Covance Softsol Ltd's market capitalisation is ₹444 Cr at a share price of ₹200.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 7 August 2026). ### How is Covance Softsol performing? Covance Softsol Ltd's share price has been rising for 74 weeks. This describes what the data did, not a rating (as of 7 August 2026). ### Will Covance Softsol's share price go up? This page does not forecast Covance Softsol Ltd's share price. What it shows instead: the share price is ₹200.65, and it has been rising for 74 weeks. Its P/E of 12.9× is higher than 38% of its own last 1 years (as of 7 August 2026). ### Where is Covance Softsol in its business cycle? Covance Softsol Ltd's FY26 operating margin was 29.0%, against a 3-year range of 1.5% to 29.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 23.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 7 August 2026). ### What could break the Covance Softsol story? The main question: profits are rising, but only 26% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 7 August 2026). ### Is Covance Softsol a stock worth studying right now? What the numbers show: Covance Softsol Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 7 August 2026). This is research, not advice. We’re not SEBI-registered.