with a market valuation of 505 Cr, Ksolves India is a small scale company operating in IT industry. Ksolves India Ltd is a leading software development company with experience in Big Data, Data Science, Salesforce, DevOps, Java and Microservices, OpenShift, Penetration Testing etc. Apart from being a debt-free company, it has declared 3rd interim dividend for the financial year 2022-23, which is icing on the cake for eligible shareholders.
The company said in a stock exchange filing that its board of directors has considered, recommended and declared a third interim dividend of Rs 3 (Rupees three only) per share for the financial year 2022-23. The interim dividend will be paid within the statutory time limit to the equity shareholders of the Company whose names appear in the register of members of the Company as on March 04, 2023, being the prescribed record date for entitlement to dividend.”
During Q3FY23, the company reported revenue from operations of 20.55 Cr, up 68.4% YoY from 12.20 crore in Q3FY22. The company said its net spend has reached 12.20 Cr in Q3FY23, up 70.4% YoY 7.16 crore was recorded in Q3FY22. Ksolves India said that EBITDA reached 8.35 crore in the quarter ended December 2022, up 65.7% from 5.04 was recorded in the quarter ending December 2021.
Profit Before Tax (PBT) stood at 8.24 Cr in Q3FY23, up 55.4% YoY 5.30 crore in the year-ago quarter while the company’s net profit reached As compared to 6.18 Cr in Q3FY23 4.02 Cr was recorded in Q3FY22, representing a YoY growth of 53.6%. Ksolves India’s EPS stood 5.21 in the December 2022 quarter, up from 3.39 in Q3FY22, reported 53.6% YoY.
Ksolves India shares closed on NSE on Friday Closes at 429.90, down 2.59% from its previous close 441.35. The stock registered volume average of 17,222 shares as compared to 20-day average volume of 16,691 shares. The stock touched a 52-week high at 495.00 (28-Oct-2022) and 52-week low 356.00 as on (16-Nov-2022) and the stock has given a CAGR return of 30.90% in last 1 year.
Ksolves India’s debt-to-equity ratio is zero, marking it as a debt-free company, moreover it has a price-to-earnings (P/E) ratio of 23.4, which is lower than its sector PE ratio of 50.2 and is higher. The return on equity (RoE) is 106.12% higher than its peers such as Mphasis, Tata LXC, L&T Technology, Persistent Systems, Oracle Financial Services Software Limited, Coforge and PB Fintech.
Promoter shareholding of 58.94%, FII holding of 0.16% and Public holding of 40.89% was reported for the company during Q3FY23. Promoters holding remained stable at 58.94% in Dec 2022 quarter while FII/FPI holding increased from 0.00% in Sep 2022 quarter to 0.16% in Dec 2022 quarter Number of FII/FPI investors increased from 1 in Q2FY23 As per Trendline data, the holding of 2 more institutional investors increased from 0.00% in Q2FY23 to 0.16% in Q3FY23 in Q3FY23.
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