---
title: "Covance Softsol (COVANCE) Share Price, Financials & Research"
symbol: "544361"
company: "Covance Softsol Ltd"
canonical: "https://tapetide.com/stocks/544361"
isin: "INE0R8101016"
bse_code: "544361"
sector: "Information Technology"
industry: "Computer Software & Consulting"
generated_at: "2026-11-05T01:45:19.491Z"
---

# Covance Softsol (COVANCE)

Canonical page: https://tapetide.com/stocks/544361

## Key Facts

- **Close:** ₹169.40 on 4 Nov 2026
- **P/E (TTM):** 9.57 as of 4 Nov 2026
- **1-year price change:** +132.60% from 4 Nov 2025 to 4 Nov 2026, adjusted for splits and bonuses, dividends excluded
- **Revenue, Jun 2026 quarter:** ₹29.3 Cr, against ₹33.3 Cr in Jun 2025 (-12.01% year on year)
- **Net profit, Jun 2026 quarter:** ₹13 Cr, against ₹8 Cr in Jun 2025
- **Promoter holding:** 71.71% in Sep 2026, unchanged from Jun 2026
- **Tapetide Score:** 58/100, Good band as of 4 Nov 2026

## Company

- **BSE code:** 544361
- **ISIN:** INE0R8101016
- **Macro sector:** Information Technology
- **Sector:** Information Technology
- **Industry:** Computer Software & Consulting
- **Basic industry:** Computers - Software & Consulting
- **In the F&O segment:** No

## Latest Price

- **Close:** ₹169.40 on 4 Nov 2026

## Key Fundamentals

Price-based figures at the 4 Nov 2026 close · EPS basis: Consolidated · TTM.

- **ROCE:** 21.00%
- **Debt to Equity:** 0.45
- **EPS (TTM):** ₹17.71
- **Book Value:** ₹76.16
- **P/E (TTM):** 9.57
- **P/B:** 2.22
- **ROE:** 17.40%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹52.70 Cr
- **52W High:** ₹270.00
- **52W Low:** ₹74.28

## Tapetide Score

Data-driven rating, 0–100, as of 4 Nov 2026.

- **Score:** 58/100 (Good)
- **Data confidence:** 98/100

### Category scores

| Category | Score | Band | Weight | Measures |
| --- | ---: | --- | ---: | --- |
| Quality | 68 | Strong | 22% | Returns, margins, earnings quality |
| Valuation | 59 | Good | 24% | Cheap vs sector & own history |
| Growth | 62 | Good | 9% | Sales & profit trajectory |
| Financial Health | 37 | Weak | 9% | Solvency, leverage, coverage |
| Momentum | 68 | Strong | 12% | Trend strength, vol-adjusted |
| Ownership | 50 | Average | 24% | FII/DII/promoter flows |

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.09% over last 3 years.
- Earnings include an other income of Rs.22.1 Cr.

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Strong Bullish | 2 | 7 | 10 |
| Oscillators | Bullish | 0 | 7 | 2 |
| Moving Averages | Strong Bullish | 2 | 0 | 8 |

### Oscillators: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 56.90 | Neutral |
| MACD (12,26,9) | 5.25 | Bullish |
| Stochastic (14,3,3) | 61.82 | Neutral |
| ADX (14) | 22.03 | Neutral |
| Williams %R (14) | -38.92 | Neutral |
| ATR (14) | 12.76 | Neutral |
| ROC (12) | 18.34 | Bullish |
| Stoch RSI (14) | 57.86 | Neutral |
| UO (7,14,28) | 55.45 | Neutral |

### Moving Averages: Strong Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 164.42 | Bullish |
| EMA (10) | 165.75 | Bullish |
| SMA (20) | 152.92 | Bullish |
| EMA (20) | 159.68 | Bullish |
| SMA (50) | 154.04 | Bullish |
| EMA (50) | 162.53 | Bullish |
| SMA (100) | 183.04 | Bearish |
| EMA (100) | 168.56 | Bullish |
| SMA (200) | 174.39 | Bearish |
| EMA (200) | 155.81 | Bullish |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 184.86 | 178.43 | 172.41 |
| R2 | 178.43 | 174.25 | 171.41 |
| R1 | 173.91 | 171.66 | 170.40 |
| PP | 167.48 | 167.48 | 167.48 |
| S1 | 162.96 | 163.30 | 168.40 |
| S2 | 156.53 | 160.71 | 167.39 |
| S3 | 152.01 | 156.53 | 166.39 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 1Y | 43.14% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Revenue | TTM | 27.93% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Net profit | 1Y | 183% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | TTM | 264% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Operating cash flow | 1Y | -77.78% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | TTM | — | four quarters to Jun 2026 vs the four to Jun 2025. Reported once a year, so there is no trailing-twelve-month figure. |
| Operating margin | 1Y | +17.01 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | TTM | +10.03 pp | four quarters to Jun 2026 vs the four to Jun 2025 |

## Financial Statements

### Quarterly Results

Figures in ₹ crore unless the row name gives another unit.

| Item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 14 | 18 | 23 | 20 | 34 | 24 | 33 | 33 | 37 | 43 | 29 |
| Expenses | 15 | 15 | 17 | 16 | 33 | 23 | 22 | 25 | 25 | 33 | 24 |
| Operating Profit | -1 | 3 | 6 | 4 | 1 | 1 | 11 | 9 | 12 | 10 | 5 |
| OPM % | -11% | 17% | 28% | 18% | 3.2% | 3.4% | 34% | 26% | 33% | 23% | 17% |
| Other Income | 4 | -1 | 4 | 2 | 3 | 1 | 1 | 3 | 4 | 3 | 12 |
| Interest | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 9 | 4 | 3 | 0 | 10 | 10 | 15 | 11 | 16 |
| Tax % | 0% | 184% | 0% | 11% | 65% | 864% | 25% | 22% | 18% | 42% | 22% |
| Net Profit | 1 | -1 | 9 | 4 | 1 | -2 | 8 | 8 | 13 | 6 | 13 |
| EPS in Rs | — | — | — | — | 0.43 | -0.87 | 3.52 | 3.47 | 5.69 | 2.84 | 5.71 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | ---: | ---: | ---: | ---: |
| Sales | 61 | 102 | 146 | 142 |
| Expenses | 60 | 90 | 104 | 106 |
| Operating Profit | 1 | 12 | 42 | 36 |
| OPM % | 1.5% | 12% | 29% | 25% |
| Other Income | 8 | 11 | 11 | 22 |
| Interest | 6 | 6 | 6 | 5 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 16 | 47 | 52 |
| Tax % | 48% | 26% | 26% | — |
| Net Profit | 1 | 12 | 34 | 39 |
| EPS in Rs | — | 5.48 | 15.52 | 17.71 |
| Dividend Payout % | 0% | 0% | 0% | — |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: |
| Equity Capital | 15 | 15 | 22 |
| Reserves | 59 | 76 | 147 |
| Borrowings | 73 | 73 | 76 |
| Other Liabilities | 19 | 32 | 35 |
| Total Liabilities | 165 | 196 | 279 |
| Fixed Assets | 2 | 1 | 2 |
| CWIP | 0 | 0 | 0 |
| Investments | 123 | 149 | 205 |
| Other Assets | 40 | 45 | 73 |
| Total Assets | 165 | 196 | 279 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: |
| Cash from Operating Activity | -10 | 18 | 4 |
| Cash from Investing Activity | 1 | -9 | -9 |
| Cash from Financing Activity | 0 | -9 | 10 |
| Net Cash Flow | -9 | 0 | 5 |
| Free Cash Flow | -12 | 18 | 3 |
| CFO/EBITDA | -1,300 | 180 | 34 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: |
| Debtor Days | 78 | 70 | 87 |
| Cash Conversion Cycle | 78 | 70 | 87 |
| Working Capital Days | 22 | -24 | -83 |
| ROCE % | — | 8% | 21% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 73.47% | 73.47% | 73.42% | 72.13% | 71.71% | 71.71% | 71.71% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 2.76% | 2.75% | 2.96% | 4.17% | 4.57% | 4.62% | 4.72% |
| Others | 23.77% | 23.78% | 23.63% | 23.69% | 23.72% | 23.67% | 23.57% |
| No. of Shareholders | 2,132 | 2,117 | 2,108 | 2,078 | 2,578 | 2,568 | 2,873 |

## Documents

### Results

| Date | Document |
| --- | --- |
| 14 Aug 2026 | [Unaudited Standalone And Consolidated Financial Results For The 01St Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89004f05-a57b-421c-92d4-85f824a735c6.pdf) |
| 30 May 2026 | [Approval Of Audited Financial Results For The Quarter Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0420623-0a03-44aa-ade3-b3dcaf8b9b23.pdf) |
| 14 Feb 2026 | [Unaudited Standalone And Consolidated Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fa51407-19f2-4044-b707-5cd887bdd91b.pdf) |
| 25 Oct 2025 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d30dfb3a-a59f-4dfe-8750-ab9f99325a81.pdf) |
| 14 Aug 2025 | [Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3cee6bb-30c9-4b17-8ec8-397264697372.pdf) |
| 28 May 2025 | [Approval Of Audited Standalone And Consolidated Financial Results For The 4Th Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e27e19e-d676-4c79-89aa-9b38f5ed6112.pdf) |

### Annual reports

| Year | Report |
| --- | --- |
| FY2026 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3afdf27-6afb-474e-8fd9-e3a243cebabf.pdf) |
| FY2025 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=467a8e88-9816-43a3-8031-006dcbd84f74.pdf) |

### Exchange filings

Latest 12 of 55.

| Date | Document | Category |
| --- | --- | --- |
| 16 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba67ebc7-bf14-425c-95c3-e72c465ec96d.pdf) | General announcements |
| 1 Oct 2026 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76118567-7acd-4899-b882-0c436a14295e.pdf) | Outcome |
| 30 Sep 2026 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddd5d8d9-2180-418f-8fff-bd5d0eb8098a.pdf) | Outcome |
| 26 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adda5b10-dad2-4271-bb10-26e528ef2990.pdf) | Intimation |
| 9 Sep 2026 | [Disclosures under Reg. 10(7) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A0949932_D6D5_49A0_AB57_920E9A936FF7_172238.pdf) | General |
| 8 Sep 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c202804-a9e0-4316-8f53-40bfcfa859a9.pdf) | General announcements |
| 7 Sep 2026 | [03Rd Annual General Meeting To Be Held On September 30 2026 At 11:30 AM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8b0dc42-98ec-4450-978c-38ae5e3df13f.pdf) | Intimation |
| 1 Sep 2026 | [Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0F28CEB8_0B93_4E06_9E80_B966F87EA383_104052.pdf) | General |
| 31 Aug 2026 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1FFC20EF_2B87_4130_90D8_A940E6F44B1D_161426.pdf) | General |
| 31 Aug 2026 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1FFC20EF_2B87_4130_90D8_A940E6F44B1D_163453.pdf) | General |
| 31 Aug 2026 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6CD7051A_DF30_4D76_A666_51C4CA482F27_161727.pdf) | General |
| 20 Aug 2026 | [Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8668C184_7B4A_4671_9DCB_FFA7250065EF_155017.pdf) | General |

## Frequently Asked Questions about Covance Softsol

### What does Covance Softsol Ltd do?

Incorporated in 2023, Covance SoftSol Ltd provides services related to software development and information technology

### Where is Covance Softsol Ltd (COVANCE) listed?

Covance Softsol Ltd trades under code 544361 on the BSE.

### Which sector does Covance Softsol Ltd belong to?

Covance Softsol Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.

### What is the PE ratio of Covance Softsol Ltd?

Covance Softsol Ltd trades at a PE ratio of 9.57 as of 4 Nov 2026, on earnings per share of ₹17.71, against a book value of ₹76.16 per share.

### What is the 52-week high and low of Covance Softsol Ltd?

Over the last 52 weeks Covance Softsol Ltd has traded between ₹74.28 and ₹270 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Covance Softsol Ltd?

Covance Softsol Ltd reported a return on equity of 17.40%. Its debt-to-equity ratio is 0.45.

## Company Information

Incorporated in 2023, Covance SoftSol Ltd provides services related to software development and information technology

- **Website:** https://covance.ai/
- **Listed:** 24 Feb 2025
- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:15 IST.