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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nucleus Software Exports Ltd

About the Company - Nucleus Software Exports Ltd

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. 448.06 Cr. and Equity Capital is Rs. 26.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & Software33-35, Thyagraj Nagar Market, New Delhi Delhi 110003investorrelations@nucleussoftware.com
http://www.nucleussoftware.com
Management
NamePosition Held
Mr. S M AcharyaChairman(NonExe.&Ind.Director)
Mr. Vishnu R DusadManaging Director
Mr. Anurag MantriExecutive Director & CFO
Mr. Parag BhiseExecutive Director & CEO
Mr. Ravi Pratap SinghExecutive Director
Dr. Ritika DusadExecutive Director
Mr. Prithvi HaldeaInd. Non-Executive Director
Mrs. Elaine MathiasInd. Non-Executive Director
Prof. Trilochan SastryInd. Non-Executive Director
Ms. Yasmin Javeri KrishanInd. Non-Executive Director

Nucleus Software Exports Ltd. Share Price Update

Share PriceValue
Today₹1,607.00
Previous Day₹1,635.40

Basic Stock Data of Nucleus Software Exports Ltd

Market Cap 3,977 Cr.
Current Price 1,486
High / Low1,830/534
Stock P/E19.2
Book Value 257
Dividend Yield0.67 %
ROCE27.1 %
ROE20.3 %
Face Value 10.0

Data Source: screener.in

Competitors of Nucleus Software Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
RS Software (India) Ltd 485 Cr. 189190/21.140.1 13.20.00 %24.4 %24.8 % 5.00
Trejhara Solutions Ltd 241 Cr. 166223/47.0 1270.00 %20.3 %22.6 % 10.0
Mphasis Ltd 49,917 Cr. 2,6422,838/1,66031.9 4191.85 %28.9 %21.9 % 10.0
Tech Mahindra Ltd 1,26,441 Cr. 1,2951,416/98144.9 2712.46 %22.1 %17.6 % 5.00
Trigyn Technologies Ltd 377 Cr. 122168/84.8107 2310.00 %9.28 %5.38 % 10.0
Industry Average35,492.20 Cr882.8044.78212.240.86%21.00%18.46%8.00

Nucleus Software Exports Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales137124124108114122153129130169206207205
Expenses1039792107109116128114119121123144153
Operating Profit34273225625151148836352
OPM %25%21%26%2%4%5%16%11%9%28%40%30%25%
Other Income9107111086699101312
Interest0000000000000
Depreciation4333345555444
Profit before tax393336911926161552897260
Tax %24%25%23%34%22%15%30%31%26%26%24%25%26%
Net Profit29252769818111138685445
EPS in Rs10.148.559.422.072.952.776.834.024.1214.3225.2720.0116.65

Nucleus Software Exports Ltd Quarterly Chart

Nucleus Software Exports Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales282294346353349372412484521514497634788
Expenses246247278287318319353405427384460478542
Operating Profit36466866315459799412937157245
OPM %13%16%20%19%9%14%14%16%18%25%7%25%31%
Other Income20202433263229273739353444
Interest0011111111111
Depreciation7681212117101414151916
Profit before tax486083874474809611715456171272
Tax %27%25%23%25%26%11%22%23%24%23%26%25%
Net Profit35456465326663758911841128204
EPS in Rs10.9113.9519.8719.9810.0320.4321.5425.6730.6440.6215.2847.7376.25
Dividend Payout %23%22%30%25%50%24%37%35%29%22%46%21%

Nucleus Software Exports Ltd Profit & Loss Yearly Chart

Nucleus Software Exports Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:7%
TTM:41%
Compounded Profit Growth
10 Years:10%
5 Years:12%
3 Years:10%
TTM:164%
Stock Price CAGR
10 Years:21%
5 Years:32%
3 Years:38%
1 Year:141%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:14%
Last Year:20%

Nucleus Software Exports Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital32323232323229292929272727
Reserves282318365406425503432480532643467584662
Borrowings0000100066266
Other Liabilities97109116118123131184177196206241257305
Total Liabilities411459513556581665645685763885737874999
Fixed Assets49516158544848475750595049
CWIP0011100001012
Investments104155224170245441387424475635480525640
Other Assets258253228328281176210214231200198298309
Total Assets411459513556581665645685763885737874999

Nucleus Software Exports Ltd Reserves and Borrowings Chart

Trigyn Technologies Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1374663733957756751155850
Cash from Investing Activity -4-66-56-157-7861-28-28-126159-12
Cash from Financing Activity -9-9-10-23-36-1-135-26-34-13-213-23
Net Cash Flow0-10-14163212-24315

Nucleus Software Exports Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11487448790607054636361100
Inventory Days
Days Payable
Cash Conversion Cycle11487448790607054636361100
Working Capital Days6919-5149-43-66-51-51-58-75-14
ROCE %16%18%21%19%10%15%16%19%21%22%6%27%

Nucleus Software Exports Ltd Financial Efficiency Indicators Chart

Nucleus Software Exports Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.59%67.59%67.59%67.59%73.28%73.28%73.27%73.27%73.27%73.26%73.27%73.26%
FIIs6.95%7.12%5.03%3.74%2.85%2.87%2.61%2.63%4.20%3.99%3.69%5.02%
DIIs0.76%0.42%0.00%0.00%0.00%0.00%0.16%0.00%0.33%0.34%0.59%1.65%
Public24.71%24.88%27.38%28.67%23.88%23.85%23.96%24.10%22.20%22.40%22.45%20.05%
No. of Shareholders28,17030,90940,96847,22338,71338,39438,17537,85231,60631,74233,31830,418

Nucleus Software Exports Ltd Shareholding Pattern Chart

No. of Nucleus Software Exports Ltd Shareholders

Trigyn Technologies Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
WhiteOak Capital Flexi Cap Fund1133330.6316.66
ICICI Prudential Innovation Fund659990.39.7
WhiteOak Capital Mid Cap Fund455860.516.7
Quant Teck Fund380002.755.58
WhiteOak Capital Multi Cap Fund251660.713.7
WhiteOak Capital Large Cap Fund114720.461.69
WhiteOak Capital Balanced Advantage Fund89090.181.31
ICICI Prudential Technology Fund66510.010.98
WhiteOak Capital ELSS Tax Saver Fund43240.580.64
WhiteOak Capital Multi Asset Allocation Fund17160.10.25

Nucleus Software Exports Ltd ROCE Trend

Nucleus Software Exports Ltd EPS Trend

Nucleus Software Exports Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)47.7314.2840.6230.6425.67
Diluted EPS (Rs.)47.7314.2840.6230.6425.67
Cash EPS (Rs.)54.7321.0345.3935.3129.09
Book Value[Excl.RevalReserv]/Share (Rs.)228.11184.38231.41193.14175.12
Book Value[Incl.RevalReserv]/Share (Rs.)228.11184.38231.41193.14175.12
Revenue From Operations / Share (Rs.)237.00185.73176.84179.35166.68
PBDIT / Share (Rs.)71.2826.7858.1645.2736.75
PBIT / Share (Rs.)64.2921.0353.3840.6033.33
PBT / Share (Rs.)63.9120.7352.9640.2133.16
Net Profit / Share (Rs.)47.7415.2840.6230.6425.67
NP After MI And SOA / Share (Rs.)47.7415.2840.6230.6425.67
PBDIT Margin (%)30.0714.4132.8825.2322.05
PBIT Margin (%)27.1211.3230.1822.6319.99
PBT Margin (%)26.9611.1629.9522.4219.89
Net Profit Margin (%)20.148.2222.9617.0815.39
NP After MI And SOA Margin (%)20.148.2222.9617.0815.39
Return on Networth / Equity (%)20.928.2817.5515.8614.65
Return on Capital Employeed (%)26.8410.8422.5720.5318.73
Return On Assets (%)14.615.5513.3311.6610.87
Asset Turnover Ratio (%)0.740.560.560.620.62
Current Ratio (X)2.072.093.112.362.13
Quick Ratio (X)2.072.093.112.362.13
Dividend Payout Ratio (NP) (%)14.6642.587.3829.3731.16
Dividend Payout Ratio (CP) (%)12.7930.946.6025.4927.50
Earning Retention Ratio (%)85.3457.4292.6270.6368.84
Cash Earning Retention Ratio (%)87.2169.0693.4074.5172.50
Interest Coverage Ratio (X)187.0988.51138.44117.37209.27
Interest Coverage Ratio (Post Tax) (X)126.2851.5197.6880.46147.16
Enterprise Value (Cr.)1658.151054.421353.67425.81901.23
EV / Net Operating Revenue (X)2.612.122.640.811.86
EV / EBITDA (X)8.6914.718.013.248.44
MarketCap / Net Operating Revenue (X)2.692.232.720.982.03
Retention Ratios (%)85.3357.4192.6170.6268.83
Price / BV (X)2.802.252.080.911.94
Price / Net Operating Revenue (X)2.692.232.720.982.03
EarningsYield0.070.030.080.170.07

Nucleus Software Exports Ltd Profitability Ratios (%)

Nucleus Software Exports Ltd Liquidity Ratios

Nucleus Software Exports Ltd Liquidity Ratios (%)

Nucleus Software Exports Ltd Interest Coverage Ratios (%)

Nucleus Software Exports Ltd Valuation Ratios

Fair Value / Intrinsic Value of Nucleus Software Exports Ltd Stock

Fair Value: ₹1008.39

The stock is overvalued by 32.14% compared to the current price ₹1486

*Investments are subject to market risks

Strength and Weakness of Nucleus Software Exports Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -21.00, which is a positive sign.
  3. The company has higher reserves (469.15 cr) compared to borrowings (2.08 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (449.69 cr) and profit (103.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 42.53 and average Dividend Yield of 22.25%.
  2. The stock has a high average Cash Conversion Cycle of 74.42, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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