NSE: SAKSOFT · BSE: 590051
SAKSOFT LIMITED
Provides IT software and consulting services to enterprise clients, with revenue organized into four verticals. The Emerging vertical contributes 46.3% of segment revenue (INR 465.84 crore), Banking and Financial Services (BFS) 31.0% (INR 312.47 crore), Logistics 14.0% (INR 141.17 crore), and Commerce 8.7% (INR 87.72 crore). For FY26, total revenue was INR 1,007.19 crore, with 58% of revenue coming from the top 10 clients. The company operates a UK subsidiary, Acuma Solutions Limited, and has been strengthening its sales leadership, including a Chief Growth Officer for the UK and a new VP heading the Emerging Verticals business unit. Personnel costs dominate the cost structure at 50.8% of revenue, with other operating expenses at 30.6%, reflecting a people-driven IT services model rather than a capital-intensive one. Management has flagged that customers are delaying decisions due to 'AI noise', while the company invests in AI capabilities to strengthen its value proposition. A long-term target of $500 million in revenues (Vision 2030) has been disclosed. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Emerging vertical (46%), BFS (Banking and Financial Services) (31%), Logistics (14%), Commerce (9%). Asset-light, people-driven IT services and consulting firm.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 480 | 666 | 762 | 883 | 1,007 |
| EBITDA (ex other income) | 79 | 108 | 137 | 146 | 182 |
| margin % | 16.4 | 16.2 | 17.9 | 16.6 | 18.1 |
| Owners' profit | 63 | 0 | 0 | 109 | 133 |
| EPS, as reported (₹) | 126.74 | 8.18 | 9.59 | 8.21 | 10.42 |
| ROE % · ROCE % | 19.9 · 24.1 | 20.3 · 25.2 | 19.0 · 23.1 | 17.6 · 20.8 | 17.1 · 22.5 |
| Debt / equity (x) | 0.01 | 0.00 | 0.02 | 0.09 | 0.04 |
| Cash from operations | 70 | 84 | 117 | 111 | 171 |
| Capex | (19) | (7) | (2) | (4) | (4) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215 | 227 | 240 | 249 | 258 | 251 | 249 | 249 |
| Profit before tax | 35 | 36 | 37 | 43 | 51 | 38 | 47 | 43 |
| Net profit | 26 | 27 | 30 | 32 | 36 | 29 | 36 | 29 |
| EPS (₹) | 2.06 | 2.12 | 2.27 | 2.54 | 2.80 | 2.27 | 2.81 | 2.28 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| BFS | 312 | 31.0 |
| Logistics | 141 | 14.0 |
| Emerging vertical | 233 | 23.2 |
| Commerce | 88 | 8.7 |
| Emerging Vertical | 232 | 23.1 |
| Total, before eliminations | 1,007 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 8,87,298 | 17.8 | 8.18 | 12.2 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,55,550 | 15.2 | 4.88 | 9.6 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,78,281 | 21.6 | 5.03 | 13.6 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,82,720 | 14.6 | 2.07 | 8.7 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,74,293 | 30.7 | 5.79 | 19.5 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,21,357 | 23.2 | 5.03 | 14.7 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 91,811 | 47.3 | 11.71 | 31.4 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 86,606 | 39.8 | 8.95 | 30.9 | 18.0 | 17.2 | 28.6 | 18.6 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.9 | 15.0 | 22 of 65 | 67% |
| P/B | 2.2 | 2.6 | 29 of 65 | 56% |
| ROCE | 21.4 | 14.2 | 19 of 76 | 76% |
| ROE | 17.1 | 11.5 | 18 of 64 | 73% |
| Debt / Equity | 0.0 | 0.0 | 34 of 65 | 48% |
| EBITDA margin | 19.0 | 18.4 | 30 of 65 | 55% |
| Revenue growth | (0.2) | 10.6 | 47 of 63 | 26% |
| Profit growth | (9.4) | 6.7 | 41 of 62 | 34% |
| Market cap | 1743 | 419 | 26 of 76 | 67% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board meeting set for Q2 results and possible interim dividend | board shareholder meetings | low | — | — |
| 15 Oct 2026 · Saksoft: Postal Ballot Notice Published - E-voting from Oct 16 to Nov 14 | compliance | minimal | — | — |
| 15 Oct 2026 · Registrar certificate on dematerialisation of securities for July-September 2026 quarter | compliance | minimal | — | — |
| 15 Oct 2026 · Saksoft postal ballot for ESOP amendments and CEO stock options grant | board shareholder meetings | medium | — | — |
| 9 Oct 2026 · Saksoft receives NCLT rectified order for Augmento Labs merger | strategic transactions | high | — | — |
| 28 Sept 2026 · Saksoft credit rating upgraded to CARE A+; bank facility enhanced to Rs 40 crore | credit debt | medium | — | — |
| 28 Sept 2026 · Saksoft Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | compliance | minimal | — | — |
| 28 Sept 2026 · Saksoft appoints Gurmeet Chahal as CEO of US subsidiary Saksoft Inc | board shareholder meetings | medium | — | — |
| 23 Sept 2026 · NCLT sanctions merger of Saksoft's wholly owned subsidiary Augmento Labs | strategic transactions | medium | — | — |
| 3 Sept 2026 · Saksoft to hold virtual investor meeting on September 8 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.