---
title: "Encore Software (933) Share Price, Financials & Research"
symbol: "933"
company: "Encore Software Ltd"
canonical: "https://tapetide.com/stocks/933"
sector: "Information Technology"
industry: "IT - Software"
generated_at: "2026-11-05T01:44:23.400Z"
---

# Encore Software (933)

Canonical page: https://tapetide.com/stocks/933

## Key Facts

- **Revenue, Dec 2020 quarter:** under ₹1 Cr, against under ₹1 Cr in Dec 2019
- **Net profit, Dec 2020 quarter:** -₹0.68 Cr, against -₹0.87 Cr in Dec 2019

## Company

- **Macro sector:** Information Technology
- **Sector:** Information Technology
- **Industry:** IT - Software
- **Basic industry:** Software Products
- **In the F&O segment:** No

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- Earnings include an other income of Rs.1.49 Cr.
- Company's cost of borrowing seems high

## Technical Indicators

As of 6 Mar 2026, the latest day with price data, so these readings are not current.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bearish | 9 | 7 | 3 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |

### Oscillators: Neutral

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 42.73 | Neutral |
| MACD (12,26,9) | -4.50 | Bullish |
| Stochastic (14,3,3) | 28.65 | Neutral |
| ADX (14) | 24.10 | Neutral |
| Williams %R (14) | -62.62 | Neutral |
| ATR (14) | 4.16 | Neutral |
| ROC (12) | -10.32 | Bearish |
| Stoch RSI (14) | 78.45 | Neutral |
| UO (7,14,28) | 59.93 | Neutral |

### Moving Averages: Strong Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 75.05 | Bullish |
| EMA (10) | 75.80 | Bullish |
| SMA (20) | 77.70 | Bearish |
| EMA (20) | 78.55 | Bearish |
| SMA (50) | 89.90 | Bearish |
| EMA (50) | 90.62 | Bearish |
| SMA (100) | 113.46 | Bearish |
| EMA (100) | 108.29 | Bearish |
| SMA (200) | 137.47 | Bearish |
| EMA (200) | 137.34 | Bearish |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 78.86 | 77.48 | 76.63 |
| R2 | 77.48 | 76.68 | 76.44 |
| R1 | 76.76 | 76.18 | 76.24 |
| PP | 75.38 | 75.38 | 75.38 |
| S1 | 74.66 | 74.58 | 75.86 |
| S2 | 73.28 | 74.08 | 75.66 |
| S3 | 72.56 | 73.28 | 75.47 |

## Growth Rate

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

Annual windows: The latest annual results are more than two years old, so no annual growth is shown.

Trailing twelve months: The latest quarterly results are more than a year old.

## Financial Statements

### Quarterly Results

Results for the period ended Mar 2021 were due by 30 May 2021 and are not in this table yet.

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

| Item | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.05 | 0.01 | 0 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.01 | 0.01 | 0 |
| Operating Profit | -0.05 | -0.01 | 0 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.01 | 0 |
| Other Income | 0 | 0.1 | 0.55 | 0.36 | 0 | 0.08 | 0.41 | 0.13 | 0.08 | 0.61 | 0.2 | 0.31 | 0.37 |
| Interest | 0.75 | 0.78 | 0.8 | 0.82 | 0.84 | 0.87 | 0.89 | 0.92 | 0.94 | 0.97 | 1 | 1.02 | 1.05 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.8 | -0.69 | -0.25 | -0.47 | -0.86 | -0.8 | -0.49 | -0.8 | -0.87 | -0.37 | -0.79 | -0.72 | -0.68 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -0.8 | -0.69 | -0.25 | -0.47 | -0.86 | -0.8 | -0.49 | -0.8 | -0.87 | -0.37 | -0.79 | -0.72 | -0.68 |
| EPS in Rs | -1.24 | -1.07 | -0.39 | -0.73 | -1.33 | -1.24 | -0.76 | -1.24 | -1.34 | -0.57 | -1.22 | -1.11 | -1.05 |

### Profit & Loss

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 3.57 | 4.5 | 1.11 | 8.35 | 2.15 | 4.17 | 4.17 | 2.43 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 8.1 | 7.89 | 7.06 | 5.76 | 2.48 | 2.21 | 2.47 | 1.35 | 0.04 | 0.09 | 0.04 | 0.03 | 0.01 |
| Operating Profit | -4.53 | -3.39 | -5.95 | 2.59 | -0.33 | 1.96 | 1.7 | 1.08 | -0.04 | -0.09 | -0.04 | -0.03 | -0.01 |
| OPM % | -126.89% | -75.33% | -536.04% | 31.02% | -15.35% | 47% | 40.77% | 44.44% | — | — | — | — | — |
| Other Income | 0.03 | 0.09 | 0.1 | 0.16 | 0.43 | 0.06 | 0.09 | 1.38 | 0.83 | 0.51 | 1.05 | 1.23 | 1.49 |
| Interest | 0.33 | 0.32 | 0.32 | 2.22 | 1.82 | 2.04 | 2.2 | 2.4 | 2.67 | 3.02 | 3.32 | 3.72 | 4.04 |
| Depreciation | 0.23 | 0.14 | 0.14 | 0.15 | 0.05 | 0.03 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -5.06 | -3.76 | -6.31 | 0.38 | -1.77 | -0.05 | -0.43 | 0.05 | -1.88 | -2.6 | -2.31 | -2.52 | -2.56 |
| Tax % | -0.4% | 0.53% | 0.16% | 0% | 3.95% | 1,300% | 132.56% | 760% | 0% | 0% | 0% | 0% | — |
| Net Profit | -5.04 | -3.78 | -6.32 | 0.38 | -1.84 | -0.71 | -1.01 | -0.34 | -1.88 | -2.6 | -2.31 | -2.52 | -2.56 |
| EPS in Rs | — | -5.84 | -9.77 | 0.59 | -3.08 | -2.24 | -2.47 | -1.16 | -2.91 | -4.02 | -3.57 | -3.89 | -3.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 | 6.49 |
| Reserves | -12.86 | -14.78 | -21.1 | -20.72 | -28.94 | -30.39 | -31.98 | -32.06 | -33.94 | -36.54 | -38.85 | -41.37 | -42.88 |
| Borrowings | 8.88 | 9.15 | 8.91 | 12.37 | 16.07 | 17.99 | 19.63 | 21.91 | 24.59 | 27.61 | 30.94 | 0.02 | 0.02 |
| Other Liabilities | 3.49 | 3.02 | 8.33 | 4.21 | 7.62 | 8.05 | 8.78 | 5.83 | 5.59 | 5.65 | 5.66 | 40.28 | 42.26 |
| Total Liabilities | 6 | 3.88 | 2.63 | 2.35 | 1.24 | 2.14 | 2.92 | 2.17 | 2.73 | 3.21 | 4.24 | 5.42 | 5.89 |
| Fixed Assets | 0.21 | 0.07 | 0.38 | 0.27 | 0.03 | 0.06 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.86 | 0 | 0 | 0 | 0 | 0 | 0 | 2.15 | 2.71 | 3.18 | 4.21 | 5.39 | 5.86 |
| Other Assets | 4.93 | 3.81 | 2.25 | 2.08 | 1.21 | 2.08 | 2.86 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Assets | 6 | 3.88 | 2.63 | 2.35 | 1.24 | 2.14 | 2.92 | 2.17 | 2.73 | 3.21 | 4.24 | 5.42 | 5.89 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | -2.14 | -0.01 | 1.01 | -1.45 | -0.01 | 0.48 | 2.01 | -2.3 | -0.01 | 0 | 0 | 0.01 |
| Cash from Investing Activity | 0.46 | 0.02 | -0.41 | -0.03 | 0 | 0 | 0 | 0.13 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -0.07 | -0.06 | -0.55 | 1.23 | 0.14 | -0.04 | -0.56 | -0.12 | 0.01 | 0 | 0 | -0.01 |
| Net Cash Flow | -1.75 | -0.05 | 0.05 | -0.25 | 0.13 | 0.44 | 1.45 | -2.28 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -2.19 | -0.01 | 0.56 | -1.49 | -0.03 | 0.43 | 1.98 | -2.3 | -0.01 | 0 | 0 | 0.01 |
| CFO/OP | 58 | 1 | -17 | -57 | -18 | 54 | 156 | -214 | 25 | 0 | 0 | -33 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 81.79 | 27.58 | 9.86 | 60.32 | 47.53 | 67.4 | 5.25 | 0 | — | — | — | — |
| Inventory Days | 1,476 | 1,582 | 2,207 | 61.57 | — | — | — | — | — | — | — | — |
| Days Payable | 682 | 365 | 1,045 | 229 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 875 | 1,244 | 1,171 | -107 | 47.53 | 67.4 | 5.25 | 0 | — | — | — | — |
| Working Capital Days | 94.06 | 25.96 | -2,170 | -105 | -3,794 | -2,102 | -2,317 | -4,147 | — | — | — | — |
| ROCE % | -96.43% | -204.15% | — | — | — | — | — | — | — | — | — | — |

## Documents

### Annual reports

| Year | Report |
| --- | --- |
| FY2019 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5317500319.pdf) |
| FY2017 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5317500317.pdf) |
| FY2016 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5317500316.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5317500315.pdf) |
| FY2014 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5317500314.pdf) |
| FY2010 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport//5317500310.pdf) |

## Frequently Asked Questions about Encore Software

### What does Encore Software Ltd do?

Encore Software is engaged in developing software and hardware.

### Which sector does Encore Software Ltd belong to?

Encore Software Ltd is classified under the Information Technology sector, in the IT - Software industry.

## Company Information

Encore Software is engaged in developing software and hardware.

- **Website:** https://ncoretech.com/
- **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, 07:14 IST.