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Last Updated: April 2, 2026, 3:25 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531209 | NSE: NUCLEUS

Nucleus Software Exports Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹554.07Overvalued by 28.51%vs CMP ₹775.00

P/E (12.6) × ROE (16.8%) × BV (₹322.00) × DY (1.61%)

₹677.95Overvalued by 12.52%vs CMP ₹775.00
MoS: -14.3% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹717.9523%Fair (-7.4%)
Graham NumberEarnings₹635.9417%Over (-17.9%)
Earnings PowerEarnings₹509.8311%Over (-34.2%)
DCFCash Flow₹1,367.0911%Under (+76.4%)
Net Asset ValueAssets₹322.167%Over (-58.4%)
EV/EBITDAEnterprise₹692.189%Over (-10.7%)
Earnings YieldEarnings₹558.207%Over (-28%)
ROCE CapitalReturns₹611.649%Over (-21.1%)
Revenue MultipleRevenue₹316.086%Over (-59.2%)
Consensus (9 models)₹677.95100%Overvalued
Key Drivers: EPS CAGR 29.6% lifts DCF — verify sustainability. | Wide model spread (₹316–₹1,367) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.6%

*Investments are subject to market risks

Investment Snapshot

69
Nucleus Software Exports Ltd scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health83/100 · Strong
ROCE 22.6% ExcellentROE 16.8% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.08% (6mo) Slight increasePromoter holding at 73.6% Stable
Earnings Quality75/100 · Strong
OPM expanding (16% → 24%) ImprovingWorking capital: -43 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +8% YoY GrowingProfit (4Q): -2% YoY Declining
Industry Rank65/100 · Strong
P/E 12.6 vs industry 44.0 Cheaper than peersROCE 22.6% vs industry 20.6% Average3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Nucleus Software Exports Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.6 vs Ind 44.0 | ROCE 22.6% | ROE 16.8% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 3.11x | Borrow/Reserve 0.01x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹163 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.27 pp | DII -0.11 pp | Prom 0.00 pp
Business Momentum
-4
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.8% | Q NP -19.2% | Q OPM +4.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-12.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.01xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.27 ppLatest FII% minus previous FII%
DII Change-0.11 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,035Latest shareholder count minus previous count
Quarterly Sales Change+2.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-19.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+4.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:25 am

Market Cap 2,040 Cr.
Current Price 775
Intrinsic Value₹677.95
High / Low 1,378/712
Stock P/E12.6
Book Value 322
Dividend Yield1.61 %
ROCE22.6 %
ROE16.8 %
Face Value 10.0
PEG Ratio0.43

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nucleus Software Exports Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nucleus Software Exports Ltd 2,040 Cr. 775 1,378/71212.6 3221.61 %22.6 %16.8 % 10.0
Sasken Technologies Ltd 1,739 Cr. 1,145 1,714/99141.0 5292.18 %7.41 %5.97 % 10.0
Brightcom Group Ltd 1,729 Cr. 8.57 22.0/7.711.98 46.80.00 %12.3 %8.62 % 2.00
Hypersoft Technologies Ltd 1,021 Cr. 121 135/20.3341 9.970.00 %20.6 %9.07 % 10.0
Moschip Technologies Ltd 3,198 Cr. 165 288/12577.8 19.10.00 %11.9 %11.2 % 2.00
Industry Average93,414.06 Cr648.3343.95156.220.97%20.61%18.63%7.00

All Competitor Stocks of Nucleus Software Exports Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 169206207205204210195202206229218214220
Expenses 121123144153156152166170172154184190187
Operating Profit 48836352485829323374342333
OPM % 28%40%30%25%23%28%15%16%16%33%16%11%15%
Other Income 91013121214151916171816-4
Interest 0000000000000
Depreciation 5444444443344
Profit before tax 52897260566840474588483525
Tax % 26%24%25%26%26%24%24%29%22%26%27%26%16%
Net Profit 38685445415230333565352621
EPS in Rs 14.3225.2720.0116.6515.4319.4711.2812.5613.2824.6013.379.997.86

Last Updated: March 3, 2026, 4:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 346353349372412484521514497634826832880
Expenses 278287318319353405427384460478606664715
Operating Profit 6866315459799412937157220168165
OPM % 20%19%9%14%14%16%18%25%7%25%27%20%19%
Other Income 24332632292737393534516647
Interest 1111111111111
Depreciation 812121171014141519151515
Profit before tax 83874474809611715456171256219196
Tax % 23%25%26%11%22%23%24%23%26%25%25%26%
Net Profit 6465326663758911841128192163147
EPS in Rs 19.8719.9810.0320.4321.5425.6730.6440.6215.2847.7371.5661.9255.82
Dividend Payout % 30%25%50%24%37%35%29%22%46%21%17%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)1.56%-50.77%106.25%-4.55%19.05%18.67%32.58%-65.25%212.20%50.00%-15.10%
Change in YoY Net Profit Growth (%)0.00%-52.33%157.02%-110.80%23.59%-0.38%13.92%-97.84%277.45%-162.20%-65.10%

Nucleus Software Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:10%
3 Years:19%
TTM:5%
Compounded Profit Growth
10 Years:9%
5 Years:10%
3 Years:72%
TTM:0%
Stock Price CAGR
10 Years:16%
5 Years:15%
3 Years:36%
1 Year:-24%
Return on Equity
10 Years:15%
5 Years:17%
3 Years:20%
Last Year:17%

Last Updated: September 5, 2025, 11:50 am

Balance Sheet

Last Updated: December 10, 2025, 3:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 32323232292929292727272626
Reserves 365406425503432480532643467584751788822
Borrowings 0010006626528
Other Liabilities 116118123131184177196206241257332337373
Total Liabilities 5135565816656456857638857378741,1141,1531,230
Fixed Assets 61585448484757505950596177
CWIP 1110000101100
Investments 224170245441387424475635480525649641676
Other Assets 228328281176210214231200198298406451477
Total Assets 5135565816656456857638857378741,1141,1531,230

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 663733957756751155850222151
Cash from Investing Activity + -56-157-7861-28-28-126159-12-197-20
Cash from Financing Activity + -10-23-36-1-135-26-34-13-213-23-30-126
Net Cash Flow 0-14163212-24315-55
Free Cash Flow 472827927048621123447194136
CFO/OP 119%82%138%202%161%100%102%115%199%49%136%113%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow68.0066.0030.0054.0059.0079.0088.00123.0035.00151.00215.00166.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 4487906070546363611007360
Inventory Days
Days Payable
Cash Conversion Cycle 4487906070546363611007360
Working Capital Days -5147-43-66-51-53-61-77-16-38-43
ROCE %21%19%10%15%16%19%21%22%6%27%32%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.27%73.26%73.27%73.26%73.26%73.26%73.59%73.59%73.59%73.59%73.59%73.59%
FIIs 4.20%3.99%3.69%5.02%5.65%5.35%5.62%5.32%4.83%5.32%5.18%4.91%
DIIs 0.33%0.34%0.59%1.65%1.90%2.10%1.75%1.79%1.50%1.47%1.49%1.38%
Public 22.20%22.40%22.45%20.05%19.18%19.28%19.02%19.29%20.08%19.60%19.75%20.11%
No. of Shareholders 31,60631,74233,31830,41829,90036,28145,59244,40544,68642,54542,19241,157

Shareholding Pattern Chart

No. of Shareholders

Nucleus Software Exports Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
WhiteOak Capital Flexi Cap Fund 167,297 0.21 15.17113,3332025-12-08 02:20:1047.62%
WhiteOak Capital Multi Cap Fund 43,764 0.13 3.9725,1662025-12-08 02:20:1073.9%
WhiteOak Capital Digital Bharat Fund 26,424 0.54 2.4N/AN/AN/A
WhiteOak Capital Balanced Advantage Fund 23,359 0.1 2.128,9092025-12-08 02:20:10162.2%
WhiteOak Capital ELSS Tax Saver Fund 9,404 0.19 0.8513,8022025-12-15 03:10:46-31.86%
WhiteOak Capital Multi Asset Allocation Fund - Direct Plan 7,603 0.01 0.69N/AN/AN/A
WhiteOak Capital Balanced Hybrid Fund 3,556 0.12 0.32N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 61.4071.5647.7314.2840.62
Diluted EPS (Rs.) 61.4071.5647.7314.2840.62
Cash EPS (Rs.) 67.5377.0154.7321.0345.39
Book Value[Excl.RevalReserv]/Share (Rs.) 309.24290.41228.11184.38231.41
Book Value[Incl.RevalReserv]/Share (Rs.) 309.24290.41228.11184.38231.41
Revenue From Operations / Share (Rs.) 316.08308.72237.00185.73176.84
PBDIT / Share (Rs.) 89.10101.3471.2826.7858.16
PBIT / Share (Rs.) 83.4895.9164.2921.0353.38
PBT / Share (Rs.) 83.1995.5563.9120.7352.96
Net Profit / Share (Rs.) 61.9171.5747.7415.2840.62
NP After MI And SOA / Share (Rs.) 61.9171.5747.7415.2840.62
PBDIT Margin (%) 28.1832.8230.0714.4132.88
PBIT Margin (%) 26.4131.0627.1211.3230.18
PBT Margin (%) 26.3230.9526.9611.1629.95
Net Profit Margin (%) 19.5823.1820.148.2222.96
NP After MI And SOA Margin (%) 19.5823.1820.148.2222.96
Return on Networth / Equity (%) 20.0124.6420.928.2817.55
Return on Capital Employeed (%) 25.2531.3626.8410.8422.57
Return On Assets (%) 14.1317.1914.615.5513.33
Asset Turnover Ratio (%) 0.730.830.740.560.56
Current Ratio (X) 1.932.072.072.093.11
Quick Ratio (X) 1.932.072.072.093.11
Dividend Payout Ratio (NP) (%) 20.5313.9714.6642.587.38
Dividend Payout Ratio (CP) (%) 18.8212.9812.7930.946.60
Earning Retention Ratio (%) 79.4786.0385.3457.4292.62
Cash Earning Retention Ratio (%) 81.1887.0287.2169.0693.40
Interest Coverage Ratio (X) 312.81285.58187.0988.51138.44
Interest Coverage Ratio (Post Tax) (X) 218.33202.68126.2851.5197.68
Enterprise Value (Cr.) 1988.603091.481658.151054.421353.67
EV / Net Operating Revenue (X) 2.393.742.612.122.64
EV / EBITDA (X) 8.4811.408.6914.718.01
MarketCap / Net Operating Revenue (X) 2.543.832.692.232.72
Retention Ratios (%) 79.4686.0285.3357.4192.61
Price / BV (X) 2.594.072.802.252.08
Price / Net Operating Revenue (X) 2.543.832.692.232.72
EarningsYield 0.070.060.070.030.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nucleus Software Exports Ltd. is a Public Limited Listed company incorporated on 09/01/1989 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1989PLC034594 and registration number is 034594. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 768.66 Cr. and Equity Capital is Rs. 26.33 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & Software33-35, Thyagraj Nagar Market, New Delhi Delhi 110003Contact not found
Management
NamePosition Held
Mr. S M AcharyaChairman(NonExe.&Ind.Director)
Mr. Vishnu R DusadManaging Director
Mr. Anurag MantriExecutive Director & COO
Mr. Parag BhiseExecutive Director & CEO
Mr. Shekar ViswanathanInd. Non-Executive Director
Dr. Ritika DusadExecutive Director
Mr. Prakash Chandra KandpalInd. Non-Executive Director
Ms. Yasmin Javeri KrishanInd. Non-Executive Director

FAQ

What is the intrinsic value of Nucleus Software Exports Ltd and is it undervalued?

As of 05 April 2026, Nucleus Software Exports Ltd's intrinsic value is ₹677.95, which is 12.52% lower than the current market price of ₹775.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.8 %), book value (₹322), dividend yield (1.61 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nucleus Software Exports Ltd?

Nucleus Software Exports Ltd is trading at ₹775.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,378 and low of ₹712. The stock is currently near its 52-week low. Market cap stands at ₹2,040 Cr..

How does Nucleus Software Exports Ltd's P/E ratio compare to its industry?

Nucleus Software Exports Ltd has a P/E ratio of 12.6, which is below the industry average of 43.95. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Nucleus Software Exports Ltd financially healthy?

Key indicators for Nucleus Software Exports Ltd: ROCE of 22.6 % indicates efficient capital utilization; ROE of 16.8 % shows strong shareholder returns. Dividend yield is 1.61 %.

Is Nucleus Software Exports Ltd profitable and how is the profit trend?

Nucleus Software Exports Ltd reported a net profit of ₹163 Cr in Mar 2025 on revenue of ₹832 Cr. Compared to ₹41 Cr in Mar 2022, the net profit shows an improving trend.

Does Nucleus Software Exports Ltd pay dividends?

Nucleus Software Exports Ltd has a dividend yield of 1.61 % at the current price of ₹775.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nucleus Software Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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