Excelsoft Technologies Ltd

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.

Excelsoft Technologies Ltd trades at ₹81.0, in a downtrend and 42 weeks into that stage. That is −6.3% against its own 200-day average. It sits at 22% of a 52-week range of ₹70 to ₹120. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.

Today the stock is in a downtrend — week 42 of stage 4, confirmed. At ₹81.0 it trades −6.3% versus its 200-day average and sits at 22% of its 52-week range (₹70–₹120).

Against the market, two honest reads. Cumulative: over the last 10 months the stock moved −32% while the NIFTY 500 moved −4% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — 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.

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.

Excelsoft Technologies Ltd trades at 18.7× P/E, near the bottom of its own range — cheaper only 28% of the time. Its long-run median P/E is 21.8×, measured across 0.8 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 18.7× is near the bottom of its own range — cheaper only 28% of the time, against a long-run median of 21.8× measured over 0.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

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

Stage: No read 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).

Excelsoft Technologies Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

44.3/100 — rank 44 of 64 in IT - Software · 60% evidence confidence

Excelsoft Technologies Ltd scores 44.3 out of 100 against the 64 companies it is compared with in IT - Software, ranking 44. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 12 + 12.2 + 10.1 + 10 = 44.3. 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.

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

Excelsoft Technologies Ltd reported ₹80.3 Cr of revenue in the Jun 26 quarter, +44.0% year on year. That is the 4th straight quarter of year-on-year growth. Over 6 years it has compounded at 17.6% a year. The last full year, FY26, came in at ₹273 Cr. The last four reported quarters add to ₹297 Cr.

FY26 revenue came in at ₹273 Cr (+17.2% on the year), capping 6 years at 17.6% compound. The latest quarter (Jun 26) printed ₹80.3 Cr, +44.0% year on year — the 4th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +27.4% growth against the decade's 17.6% — the current year is running faster than its own long-run rate.

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.

Excelsoft Technologies Ltd's operating margin is 16.3% in the Jun 26 quarter, −1.8 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 27.0% to 53.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 16.3%, −1.8 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 27.0%–53.0%.

🚨 Why the margin moved: operating margin went −1.8 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

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

Excelsoft Technologies Ltd earned ₹9.2 Cr of net profit in the Jun 26 quarter, +57.2% year on year. Full-year FY26 profit was ₹43.0 Cr. That is 11.5% of the quarter's revenue. The same quarter a year earlier earned ₹5.9 Cr.

Jun 26 profit was ₹9.2 Cr, +57.2% year on year. On the full year, FY26 printed ₹43.0 Cr (+22.9%).

Why profit moved: revenue contributed +44.0% and the margin −1.8 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +16.2% vs revenue +27.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

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 174% of Excelsoft Technologies Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹50.0 Cr of operating cash against ₹43.0 Cr of profit. After ₹65.0 Cr of capital spending, ₹−15.0 Cr was left as free cash.

FY26: operating cash of ₹50.0 Cr against reported profit of ₹43.0 Cr, leaving free cash of ₹−15.0 Cr after ₹65.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 174% of profit.

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

Why conversion sits at 174%: the cash cycle tightened 48 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

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).

Excelsoft Technologies Ltd's cash conversion cycle runs 62 days in FY26, down from 110 days in FY21. Capital spending ran ₹−95.0 Cr over the last 3 years. At FY26 sales of ₹273 Cr each day of that cycle holds about ₹0.7 Cr, so roughly ₹46.0 Cr sits inside the business at any moment.

FY26: debtors at 62 days (an asset-light business — no inventory to speak of) — for a full cycle of 62 days, tighter than FY21's 110.

In money terms: at FY26 sales of ₹273 Cr, each day of the cycle holds about ₹0.7 Cr — so the 62-day loop keeps roughly ₹46.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹−95.0 Cr over the last 3 fiscal years against ₹78.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹12.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

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.⚠ unverified

Excelsoft Technologies Ltd earns a ROCE of 14% in FY26. That is up from a trough of 7% in FY24. Return on invested capital clears the cost of that capital by −0.3 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 15.8% net margin on 0.40× asset turns.

FY26 ROCE is 14%, recovered from a FY24 trough of 7% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 15.8% net margin × 0.40× asset turns × 1.17× balance-sheet leverage ≈ 7.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 11.7% − 12.0% = a −0.3 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. Negative — growth at these returns destroys value until the returns recover.

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.⚠ unverified

Excelsoft Technologies Ltd carries total debt of ₹7.0 Cr against shareholder equity of ₹578 Cr as of Mar 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.09 in FY25 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹7.0 Cr against shareholder equity of ₹578 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.09 (FY25) to 0.01 (FY26). The returns on this page are earned, not borrowed.

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.

No holder of Excelsoft Technologies Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

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.

Excelsoft Technologies Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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