NUCLEUS
Nucleus Software Exports Limited
Lending and transaction banking software products for financial institutions
Information Technology›Information Technology›IT - Software›Software Products
nucleussoftware.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹677.00
Market cap
1,782 Cr
Stock P/E
16.9
P/B
1.96
Dividend yield
1.8%
ROE (FY26)
12.9%
ROCE (FY26)
16.7%
Operating margin (FY26)
12.5%
OCF / EBITDA (FY26)
93.5%
OCF / EBITDA (3Y)
95.4%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Nucleus Software builds and sells banking software to banks and finance companies, led by its FinnOne Neo digital lending platform and its FinnAxia transaction banking platform.
Company snapshot
7thBy market cap
Ranked among 14 companies in Software Products.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 57.0% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| AFRICA | 0.9% | 5 Cr | 4 Cr | — |
| AUSTRALIA | 2.8% | 17 Cr | 5 Cr | — |
| EUROPEt | 6.4% | 39 Cr | 13 Cr | — |
| FOR EAST | 3.5% | 21 Cr | 2 Cr | — |
| INDIA | 57.0% | 344 Cr | 200 Cr | — |
| MIDDLE EAST | 11.0% | 66 Cr | 2 Cr | — |
| OTHERSt | 6.2% | 37 Cr | 14 Cr | — |
| SOUTH EAST AFRICAt | 12.2% | 73 Cr | -15 Cr | — |
What we see
Positives
- ✓95% of operating profit came in as cash over the last three years — profits are backed by real cash.
1 more signal from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 205 Cr | 204 Cr | 210 Cr | 195 Cr | 202 Cr | 206 Cr | 229 Cr | 218 Cr | 214 Cr | 220 Cr | 225 Cr | 210 Cr |
| Operating expenses (approx.) | 153 Cr | 156 Cr | 152 Cr | 166 Cr | 170 Cr | 173 Cr | 154 Cr | 184 Cr | 190 Cr | 187 Cr | 190 Cr | 202 Cr |
| EBITDA | 52 Cr | 48 Cr | 58 Cr | 29 Cr | 32 Cr | 33 Cr | 75 Cr | 34 Cr | 23 Cr | 33 Cr | 35 Cr | 8 Cr |
| OPM % | 25.3% | 23.3% | 27.7% | 14.8% | 15.7% | 16.1% | 32.5% | 15.6% | 11.0% | 15.1% | 15.6% | 3.8% |
| Other income | 12 Cr | 12 Cr | 14 Cr | 15 Cr | 19 Cr | 16 Cr | 17 Cr | 18 Cr | 16 Cr | 15 Cr | 15 Cr | 18 Cr |
| Interest | 0.26 Cr | 0.21 Cr | 0.23 Cr | 0.20 Cr | 0.19 Cr | 0.19 Cr | 0.17 Cr | 0.24 Cr | 0.33 Cr | 0.50 Cr | 0.34 Cr | 0.37 Cr |
| Depreciation | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr | 4 Cr | 4 Cr | 5 Cr | 5 Cr |
| Profit before tax | 60 Cr | 56 Cr | 68 Cr | 40 Cr | 47 Cr | 45 Cr | 88 Cr | 48 Cr | 35 Cr | 25 Cr | 42 Cr | 30 Cr |
| Tax % | 25.6% | 26.1% | 23.8% | 24.3% | 29.1% | 22.3% | 26.0% | 27.1% | 25.8% | 16.1% | 16.8% | 20.7% |
| Net profit | 45 Cr | 41 Cr | 52 Cr | 30 Cr | 33 Cr | 35 Cr | 65 Cr | 35 Cr | 26 Cr | 21 Cr | 35 Cr | 24 Cr |
| EPS (₹) | ₹16.65 | ₹15.43 | ₹19.48 | ₹11.28 | ₹12.35 | ₹13.28 | ₹24.60 | ₹13.37 | ₹9.99 | ₹7.86 | ₹13.12 | ₹9.07 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 372 Cr | 412 Cr | 484 Cr | 521 Cr | 514 Cr | 497 Cr | 634 Cr | 826 Cr | 832 Cr | 876 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 319 Cr | 353 Cr | 405 Cr | 427 Cr | 384 Cr | 460 Cr | 478 Cr | 606 Cr | 664 Cr | 750 Cr | Sign in free for the trailing twelve months |
| EBITDA | 54 Cr | 59 Cr | 79 Cr | 94 Cr | 129 Cr | 37 Cr | 157 Cr | 220 Cr | 168 Cr | 126 Cr | Sign in free for the trailing twelve months |
| OPM % | 14.5% | 14.3% | 16.4% | 18.1% | 25.2% | 7.4% | 24.7% | 26.7% | 20.2% | 14.3% | Sign in free for the trailing twelve months |
| Other income | 32 Cr | 29 Cr | 27 Cr | 37 Cr | 40 Cr | 35 Cr | 34 Cr | 51 Cr | 66 Cr | 64 Cr | Sign in free for the trailing twelve months |
| Interest | 0.55 Cr | 0.51 Cr | 0.51 Cr | 1 Cr | 1 Cr | 0.81 Cr | 1 Cr | 0.95 Cr | 0.75 Cr | 1 Cr | Sign in free for the trailing twelve months |
| Depreciation | 11 Cr | 7 Cr | 10 Cr | 14 Cr | 14 Cr | 15 Cr | 19 Cr | 15 Cr | 15 Cr | 16 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 74 Cr | 80 Cr | 96 Cr | 117 Cr | 154 Cr | 56 Cr | 171 Cr | 256 Cr | 219 Cr | 150 Cr | Sign in free for the trailing twelve months |
| Tax % | 10.9% | 21.7% | 22.6% | 23.8% | 23.3% | 26.3% | 25.3% | 25.1% | 25.6% | 22.1% | Sign in free for the trailing twelve months |
| Net profit | 66 Cr | 63 Cr | 75 Cr | 89 Cr | 118 Cr | 41 Cr | 128 Cr | 192 Cr | 163 Cr | 117 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹20.43 | ₹20.47 | ₹25.67 | ₹30.64 | ₹40.62 | ₹14.28 | ₹47.73 | ₹71.56 | ₹61.40 | ₹44.35 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 7.4% | 42.6% | 14.7% | 14.0% | 20.5% | 28.2% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 32 Cr | 29 Cr | 29 Cr | 29 Cr | 29 Cr | 27 Cr | 27 Cr | 27 Cr | 26 Cr | 26 Cr |
| Reserves | 503 Cr | 432 Cr | 480 Cr | 532 Cr | 643 Cr | 467 Cr | 584 Cr | 751 Cr | 788 Cr | 881 Cr |
| Borrowings | — | — | — | — | — | — | — | — | — | — |
| Other liabilities | 131 Cr | 186 Cr | 177 Cr | 202 Cr | 213 Cr | 243 Cr | 264 Cr | 337 Cr | 339 Cr | 359 Cr |
| Total liabilities | 666 Cr | 647 Cr | 685 Cr | 763 Cr | 885 Cr | 737 Cr | 874 Cr | 1,114 Cr | 1,153 Cr | 1,266 Cr |
| Fixed assets (net) | 43 Cr | 44 Cr | 45 Cr | 34 Cr | 23 Cr | 31 Cr | 23 Cr | 35 Cr | 40 Cr | 61 Cr |
| CWIP | 0.32 Cr | — | 0 Cr | 0.21 Cr | 0.47 Cr | 0.04 Cr | 0.43 Cr | 0.09 Cr | 0.22 Cr | 0.06 Cr |
| Investments | 441 Cr | 387 Cr | 424 Cr | 489 Cr | 648 Cr | 493 Cr | 539 Cr | 662 Cr | 653 Cr | 656 Cr |
| Loans & advances | — | — | 0.28 Cr | 0.21 Cr | 0.11 Cr | 0.18 Cr | 0.50 Cr | 0.46 Cr | 0.34 Cr | 0.08 Cr |
| Trade receivables | 61 Cr | 79 Cr | 71 Cr | 90 Cr | 86 Cr | 83 Cr | 175 Cr | 166 Cr | 137 Cr | 121 Cr |
| Cash & bank | 40 Cr | 42 Cr | 45 Cr | 57 Cr | 32 Cr | 36 Cr | 50 Cr | 46 Cr | 50 Cr | 80 Cr |
| Other assets | 81 Cr | 95 Cr | 100 Cr | 93 Cr | 95 Cr | 94 Cr | 86 Cr | 205 Cr | 271 Cr | 348 Cr |
| Total assets | 666 Cr | 647 Cr | 685 Cr | 763 Cr | 885 Cr | 737 Cr | 874 Cr | 1,114 Cr | 1,153 Cr | 1,266 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 95 Cr | 77 Cr | 56 Cr | 75 Cr | 115 Cr | 58 Cr | 50 Cr | 222 Cr | 151 Cr | 117 Cr |
| Cash from investing | -77 Cr | 61 Cr | -28 Cr | -29 Cr | -126 Cr | 159 Cr | -13 Cr | -197 Cr | -21 Cr | -53 Cr |
| Cash from financing | -1 Cr | -135 Cr | -26 Cr | -34 Cr | -13 Cr | -213 Cr | -23 Cr | -30 Cr | -126 Cr | -36 Cr |
| Net cash flow | 17 Cr | 3 Cr | 2 Cr | 12 Cr | -24 Cr | 3 Cr | 15 Cr | -5 Cr | 5 Cr | 30 Cr |
| Free cash flow (OCF − Capex) | 92 Cr | 70 Cr | 47 Cr | 62 Cr | 112 Cr | 33 Cr | 46 Cr | 193 Cr | 136 Cr | 89 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 14.0% | 17.4% | 19.0% | 21.0% | 23.1% | 11.4% | 28.2% | 33.0% | 27.0% | 16.7% |
| ROE % | 12.4% | 13.6% | 14.7% | 15.9% | 17.6% | 8.3% | 20.9% | 24.6% | 20.0% | 12.9% |
| Debtor days | 60 | 70 | 53 | 63 | 61 | 61 | 100 | 73 | 60 | 50 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 34 | 48 | 9 | 11 | 9 | 10 | 7 | 7 | 6 | 8 |
| Cash conversion cycle | 25 | 22 | 44 | 53 | 52 | 50 | 93 | 66 | 54 | 43 |
| OCF / EBITDA % | 176.5% | 131.1% | 70.8% | 79.3% | 88.8% | 155.7% | 31.8% | 100.7% | 89.7% | 93.5% |
| OCF / EBITDA % (3 years) | — | — | 118.9% | 89.5% | 81.1% | 94.9% | 68.8% | 79.6% | 77.5% | 95.4% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 3.07 | 1.79 | 2.13 | 2.36 | 3.11 | 2.09 | 2.07 | 2.07 | 1.93 | 2.09 |
| Net debt / EBITDA | -0.73 | — | -0.56 | -0.60 | -0.25 | -0.97 | -0.32 | -0.21 | -0.30 | -0.64 |