Covance Softsol Ltd

COVANCE

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Market Cap

₹ 204 Cr

P/E

14.11

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Neutral

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Covance Softsol Limited is engaged in the Information and Technology sector, following a demerger from Softsol India Limited.

The company was incorporated on August 11, 2023, and became operational with the transfer of IT/ITES businesses from Softsol India Limited, as sanctioned by the NCLT order dated September 12, 2024.

The demerger was effective from April 1, 2023, with the formalization completed by September 25, 2024, marking a significant milestone for the company's operational scope.

Shareholders of Softsol India Limited received 1,47,63,689 equity shares, highlighting strategic shareholder distribution during the transition period.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

204 Cr

Volatility

Low Risk

P/E Ratio

14.1

Industry P/E

38.4

PEG Ratio

0.0

P/B Ratio

1.4

52W High

92.26

52W Low

1.55

Sales CAGR

66.26%

—

10Y

—

Profit CAGR

869.60%

—

10Y

—

ROE

TTM

9.83%

—

10Y

—

ROCE

TTM

14.12%

—

10Y

—

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SHRAAITECH	34.36	209 Cr	18.47	2.69	1.75	14.58	19.67	13.06
INFINITY	378.05	206 Cr	49.16	5.56	0.00	18.35	24.15	17.74
ACSTECH	33.70	205 Cr	38.30	2.01	0.00	5.27	7.54	3.18
COVANCE	92.26	204 Cr	14.11	1.39	0.00	9.83	14.12	5.72
ENFUSE	230.00	203 Cr	62.84	5.81	0.00	-28.67	-6.71	-11.49
FIDEL	145.90	201 Cr	17.81	4.10	1.37	23.04	22.39	14.37
XELPMOC	137.00	200 Cr	—	2.60	0.00	-10.05	-10.02	-9.04

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	14	18	23	20	34	24	33	33
Expenses	15	15	17	16	33	23	22	25
Operating Profit	-1.43	2.94	6.43	3.61	1.10	0.83	11	8.54
OPM %	-10.53	16.69	27.57	17.97	3.23	3.43	33.74	25.75
Other Income	4.30	-0.75	4.21	1.72	2.73	1.25	0.56	2.69
Interest	2.32	1.35	1.16	1.17	1.09	1.55	1.32	1.40
Depreciation	0.02	0.21	0.04	0.07	0.08	0.28	0.03	0.04
Profit Before Tax	0.52	0.64	9.44	4.10	2.66	0.25	10	9.79
Tax %	0.00	181.25	0.00	10.73	64.66	864.00	25.41	21.55
Net Profit	0.52	-0.52	9.44	3.66	0.94	-1.92	7.78	7.68
EPS in Rs	—	—	—	—	—	-0.87	3.51	4.96

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025	TTM
Sales	61	102	112
Expenses	60	90	95
Operating Profit	0.93	12	17
OPM %	1.52	11.76	15.02
Other Income	7.63	11	6.26
Interest	5.90	5.73	5.13
Depreciation	0.24	0.47	0.46
Profit Before Tax	2.42	16	17
Tax %	48.06	26.28	40.02
Net Profit	1.25	12	10
EPS in Rs	—	—	—
Dividend Payout %	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Equity Capital	15	15
Reserves	59	76
Borrowings	73	73
Other Liabilities	19	32
Total Liabilities	165	196
Fixed Assets	1.57	1.40
CWIP	0.00	0.00
Investments	123	149
Other Assets	40	45
Total Assets	165	196

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Cash from Operating Activity	-10	18
Cash from Investing Activity	-0.62	-13
Cash from Financing Activity	0.13	-8.62
Net Cash Flow	-11	-2.95

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Oct 2024	Feb 2025	Mar 2025	Jun 2025	Sep 2025
Promoters	73.47%	73.47%	73.47%	73.47%	73.42%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%
Public	26.53%	26.53%	26.53%	26.53%	26.58%
Total Shareholders	2,292	2,292	2,132	2,117	2,102

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

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Documents

Presentations

Concalls

Reports

Presentations

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	14	18	23	20	34	24	33	33
Expenses	15	15	17	16	33	23	22	25
Operating Profit	-1.43	2.94	6.43	3.61	1.10	0.83	11	8.54
OPM %	-10.53	16.69	27.57	17.97	3.23	3.43	33.74	25.75
Other Income	4.30	-0.75	4.21	1.72	2.73	1.25	0.56	2.69
Interest	2.32	1.35	1.16	1.17	1.09	1.55	1.32	1.40
Depreciation	0.02	0.21	0.04	0.07	0.08	0.28	0.03	0.04
Profit Before Tax	0.52	0.64	9.44	4.10	2.66	0.25	10	9.79
Tax %	0.00	181.25	0.00	10.73	64.66	864.00	25.41	21.55
Net Profit	0.52	-0.52	9.44	3.66	0.94	-1.92	7.78	7.68
EPS in Rs	—	—	—	—	—	-0.87	3.51	4.96

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025	TTM
Sales	61	102	112
Expenses	60	90	95
Operating Profit	0.93	12	17
OPM %	1.52	11.76	15.02
Other Income	7.63	11	6.26
Interest	5.90	5.73	5.13
Depreciation	0.24	0.47	0.46
Profit Before Tax	2.42	16	17
Tax %	48.06	26.28	40.02
Net Profit	1.25	12	10
EPS in Rs	—	—	—
Dividend Payout %	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Equity Capital	15	15
Reserves	59	76
Borrowings	73	73
Other Liabilities	19	32
Total Liabilities	165	196
Fixed Assets	1.57	1.40
CWIP	0.00	0.00
Investments	123	149
Other Assets	40	45
Total Assets	165	196

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Cash from Operating Activity	-10	18
Cash from Investing Activity	-0.62	-13
Cash from Financing Activity	0.13	-8.62
Net Cash Flow	-11	-2.95

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SHRAAITECH	34.36	209 Cr	18.47	2.69	1.75	14.58	19.67	13.06
INFINITY	378.05	206 Cr	49.16	5.56	0.00	18.35	24.15	17.74
ACSTECH	33.70	205 Cr	38.30	2.01	0.00	5.27	7.54	3.18
COVANCE	92.26	204 Cr	14.11	1.39	0.00	9.83	14.12	5.72
ENFUSE	230.00	203 Cr	62.84	5.81	0.00	-28.67	-6.71	-11.49
FIDEL	145.90	201 Cr	17.81	4.10	1.37	23.04	22.39	14.37
XELPMOC	137.00	200 Cr	—	2.60	0.00	-10.05	-10.02	-9.04

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overview

Detailed Summary

Covance Softsol Limited is engaged in the Information and Technology sector, following a demerger from Softsol India Limited.

The company was incorporated on August 11, 2023, and became operational with the transfer of IT/ITES businesses from Softsol India Limited, as sanctioned by the NCLT order dated September 12, 2024.

The demerger was effective from April 1, 2023, with the formalization completed by September 25, 2024, marking a significant milestone for the company's operational scope.

Shareholders of Softsol India Limited received 1,47,63,689 equity shares, highlighting strategic shareholder distribution during the transition period.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

204 Cr

Volatility

Low Risk

P/E Ratio

14.1

Industry P/E

38.4

PEG Ratio

0.0

P/B Ratio

1.4

52W High

92.26

52W Low

1.55

Sales CAGR

66.26%

—

10Y

—

Profit CAGR

869.60%

—

10Y

—

ROE

TTM

9.83%

—

10Y

—

ROCE

TTM

14.12%

—

10Y

—