---
title: "ESDS Software Solution (ESDS) Share Price, Financials & Research"
symbol: "ESDS"
company: "ESDS Software Solution Ltd"
canonical: "https://tapetide.com/stocks/ESDS"
isin: "INE0DRI01029"
nse_symbol: "ESDS"
bse_code: "544898"
sector: "Information Technology"
industry: "IT - Services"
generated_at: "2026-11-05T01:39:56.713Z"
---

# ESDS Software Solution (ESDS)

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

## Key Facts

- **Price:** ₹1,193.60 as of 4 Nov 2026, 15:59 IST
- **P/E (TTM):** 91.82 as of 4 Nov 2026
- **Revenue, Jun 2026 quarter:** ₹133.7 Cr, against ₹124.6 Cr in Jun 2025 (+7.30% year on year)
- **Net profit, Jun 2026 quarter:** ₹29.3 Cr, against ₹25.7 Cr in Jun 2025 (+14.01% year on year)
- **Promoter holding:** 39.47% in Sep 2026, a change of -51.30 percentage points from Sep 2021

## Company

- **NSE symbol:** ESDS
- **BSE code:** 544898
- **ISIN:** INE0DRI01029
- **Macro sector:** Information Technology
- **Sector:** Information Technology
- **Industry:** IT - Services
- **Basic industry:** IT Enabled Services
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹1,193.60
- **Change:** No trade today
- **Previous Close:** ₹1,193.60
- **As of:** 4 Nov 2026, 15:59 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 15:59 IST · TTM.

- **ROCE:** 30.20%
- **Debt to Equity:** 0.18
- **EPS (TTM):** ₹13.00
- **Book Value:** ₹109.63
- **P/E (TTM):** 91.82
- **P/B:** 10.89
- **ROE:** 24.90%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹243 Cr
- **52W High:** ₹1,859.20
- **52W Low:** ₹756.00

## Peer Comparison

Classification: Information Technology › IT - Services › IT Enabled Services

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [L&T Technology Services Ltd (LTTS)](https://tapetide.com/stocks/LTTS) | ₹4,133.50 | 33.20 | ₹45,364 Cr | 6.19 | 0.47% | 21.50% | 26.70% | ₹11,565 Cr | ₹1,322 Cr |
| [Inventurus Knowledge Solutions Ltd (IKS)](https://tapetide.com/stocks/IKS) | ₹1,750.40 | 39.33 | ₹29,871 Cr | 10.73 | 0.00% | 31.40% | 31.50% | ₹3,347 Cr | ₹764 Cr |
| [Tata Technologies Ltd (TATATECH)](https://tapetide.com/stocks/TATATECH) | ₹652.45 | 47.55 | ₹26,704 Cr | 6.91 | 1.81% | 16.30% | 20.90% | ₹5,926 Cr | ₹558 Cr |
| [Netweb Technologies India Ltd (NETWEB)](https://tapetide.com/stocks/NETWEB) | ₹4,062.30 | 88.56 | ₹24,520 Cr | 11.48 | 0.07% | 32.80% | 37.50% | ₹2,702 Cr | ₹260 Cr |
| [Affle 3i Ltd (AFFLE)](https://tapetide.com/stocks/AFFLE) | ₹1,623.90 | 47.83 | ₹22,921 Cr | 5.07 | 0.00% | 13.80% | 16.80% | ₹2,836 Cr | ₹478 Cr |
| [Sagility Ltd (SAGILITY)](https://tapetide.com/stocks/SAGILITY) | ₹43.59 | 20.56 | ₹20,233 Cr | 1.99 | 0.35% | 10.60% | 13.40% | ₹7,617 Cr | ₹994 Cr |
| [ESDS Software Solution Ltd (ESDS)](https://tapetide.com/stocks/ESDS) (this company) | ₹1,193.60 | 91.82 | ₹14,545 Cr | 10.89 | 0.00% | 24.90% | 30.20% | ₹537 Cr | ₹134 Cr |
| Median of 7 companies | ₹1,623.90 | 47.55 | ₹24,520 Cr | 6.91 | 0.07% | 21.50% | 26.70% | ₹3,347 Cr | ₹558 Cr |

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 84.3% CAGR over last 5 years

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bearish | 6 | 10 | 3 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Bearish | 4 | 6 | 0 |

### Oscillators: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 45.01 | Neutral |
| MACD (12,26,9) | -97.49 | Bearish |
| Stochastic (14,3,3) | 10.81 | Bullish |
| ADX (14) | 20.26 | Neutral |
| Williams %R (14) | -85.60 | Bullish |
| ATR (14) | 91.59 | Neutral |
| ROC (12) | -21.06 | Bearish |
| Stoch RSI (14) | 18.63 | Bullish |
| UO (7,14,28) | 31.58 | Neutral |

### Moving Averages: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 1,226.99 | Bearish |
| EMA (10) | 1,243.44 | Bearish |
| SMA (20) | 1,365.04 | Bearish |
| EMA (20) | 1,324.46 | Bearish |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 1,320.56 | 1,283.73 | 1,216.12 |
| R2 | 1,283.73 | 1,252.44 | 1,208.62 |
| R1 | 1,238.66 | 1,233.12 | 1,201.11 |
| PP | 1,201.83 | 1,201.83 | 1,201.83 |
| S1 | 1,156.76 | 1,170.54 | 1,186.09 |
| S2 | 1,119.93 | 1,151.22 | 1,178.58 |
| S3 | 1,074.86 | 1,119.93 | 1,171.08 |

## 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 | 5Y | 22.37% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 31.41% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 30.75% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | 5Y | 89.13% | compounded annual rate, Mar 2021 to Mar 2026 |
| Net profit | 3Y | Turned to profit | compounded annual rate, Mar 2023 to Mar 2026: -₹22.00 Cr to ₹121 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 1Y | 116% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | 5Y | 94.62% | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating cash flow | 3Y | 192% | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating cash flow | 1Y | 739% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | 5Y | +13.53 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +26.98 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +6.64 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

## AI Analysis — Bull vs Bear

AI-generated opinion, based on fundamentals. Figures as of 4 Nov 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy.

- **Risk (AI assessment):** High

ESDS Software Solution Ltd trades at ₹1,193.6 as of 2026-11-04 with a market cap of ₹14,544.71 crore and a trailing P/E of 91.82x. The company has delivered exceptional profit growth of 84% CAGR over five years on 22% sales CAGR, while maintaining a low debt-to-equity ratio of 0.18, though its valuation multiples remain elevated relative to earnings.

### Bull Case

- Exceptional profit growth with a 5-year compounded profit CAGR of 84% and a 3-year CAGR of 106%, indicating rapid scaling of earnings
- TTM profit growth of 115% demonstrates that the earnings acceleration is continuing rather than tapering off
- Revenue growth remains robust with a 3-year compounded sales CAGR of 32% and TTM sales growth of 31%, showing consistent top-line momentum
- ROE has improved from a 5-year average of 12% to 25% in the last year, reflecting strengthening capital efficiency and improving return profile
- ROCE stands at 28.26% as of 2026-11-04, indicating the company generates healthy returns on total capital employed
- Debt-to-equity ratio of just 0.18 signals a conservatively financed balance sheet with minimal leverage risk, and the company has been actively reducing debt
- The stock is currently 35.8% below its 52-week high of ₹1,859.2, which may represent a more favourable entry zone for those who view the growth trajectory as intact
- 5-year compounded sales CAGR of 22% indicates a sustained structural demand trend for the company's cloud and managed services offerings over a meaningful period

### Bear Case

- Trailing P/E of 91.82x as of 2026-11-04 is extremely elevated, implying the stock prices in many years of flawless execution and leaves little room for earnings disappointment
- Price-to-book ratio of 10.89x is steep, meaning investors pay a substantial premium over the company's book value per share
- Zero dividend yield indicates no direct income return to shareholders; all returns depend entirely on capital appreciation
- TTM EPS of ₹13 against a share price of ₹1,193.6 highlights the wide gap between current earnings power and market pricing
- The stock has fallen 35.8% from its 52-week high of ₹1,859.2, suggesting possible momentum deterioration or market reassessment of growth expectations
- Market cap of ₹14,544.71 crore on a TTM EPS of ₹13 implies a demanding valuation that requires sustained triple-digit profit growth to justify current levels
- Profit growth far outpaces sales growth (84% vs 22% over five years), raising questions about whether margin expansion can continue at this pace or is nearing a ceiling
- With a relatively small market cap of ₹14,544.71 crore, the stock may carry higher volatility risk, as evidenced by its wide 52-week range of ₹756 to ₹1,859.2 — a spread of nearly 146%

This is AI-generated analysis, not financial advice. Do your own due diligence.

## AI News Digest

AI-generated summary of recent news, generated 4 Nov 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy.

**TL;DR:** ESDS Software is actively building out its senior leadership team with a new CPO (product/AI focus) and CBO (business growth), which signals strategic investment in both product innovation and commercial expansion. No material headwinds emerged in the period. A ₹33 crore large trade was flagged but lacks confirmed details on buyer/seller intent. The trend is mildly positive, with leadership hires potentially accelerating the Swaraj Platform roadmap and new product pipeline.

### Positives

- **New CPO strengthens product leadership** (Nov 2): Sushil Kadu appointed Chief Product Officer effective Nov 2, 2026, bringing 20+ years of tech and product leadership experience including leading 70+ engineers at Amdocs India on AI-driven platforms. Expected to strengthen the Swaraj Platform and drive new product launches.
- **New CBO appointment approved** (Oct 14): Shareholders approved appointment of Sameer Redij as Chief Business Officer via postal ballot, along with revised remuneration for the MD and Whole-Time Director, signaling investment in senior go-to-market leadership.

## Financial Statements

### Quarterly Results

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

| Item | Jun 2025 | Mar 2026 | Jun 2026 |
| --- | ---: | ---: | ---: |
| Sales | 125 | 168 | 134 |
| Expenses | 72 | 65 | 78 |
| Operating Profit | 52 | 103 | 56 |
| OPM % | 42% | 61% | 42% |
| Other Income | 1 | 3 | 2 |
| Interest | 4 | 3 | 3 |
| Depreciation | 15 | 17 | 18 |
| Profit before tax | 35 | 85 | 36 |
| Tax % | 26% | 21% | 20% |
| Net Profit | 26 | 68 | 29 |
| EPS in Rs | 2.56 | 6.71 | 2.92 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 172 | 195 | 208 | 287 | 361 | 472 |
| Expenses | 110 | 140 | 160 | 186 | 206 | 238 |
| Operating Profit | 62 | 55 | 47 | 101 | 155 | 234 |
| OPM % | 36% | 28% | 23% | 35% | 43% | 50% |
| Other Income | 2 | 3 | 0 | 6 | 15 | 8 |
| Interest | 18 | 18 | 26 | 32 | 25 | 12 |
| Depreciation | 37 | 43 | 49 | 53 | 62 | 63 |
| Profit before tax | 9 | -2 | -28 | 22 | 83 | 167 |
| Tax % | 37% | 24% | -19% | 39% | 33% | 28% |
| Net Profit | 5 | -3 | -22 | 14 | 56 | 121 |
| EPS in Rs | 10.51 | -0.3 | -2.42 | 1.35 | 5.54 | 11.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 5 | 9 | 9 | 9 | 10 | 10 |
| Reserves | 181 | 197 | 201 | 217 | 408 | 534 |
| Borrowings | 116 | 215 | 179 | 259 | 127 | 96 |
| Other Liabilities | 158 | 102 | 111 | 63 | 112 | 1,298 |
| Total Liabilities | 460 | 523 | 501 | 548 | 656 | 1,938 |
| Fixed Assets | 211 | 306 | 208 | 322 | 353 | 388 |
| CWIP | 5 | 0 | 0 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 4 | 5 |
| Other Assets | 244 | 217 | 293 | 225 | 299 | 1,541 |
| Total Assets | 460 | 523 | 501 | 548 | 656 | 1,938 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 49 | 16 | 55 | 57 | 163 | 1,368 |
| Cash from Investing Activity | -57 | -69 | -54 | -1 | -112 | -130 |
| Cash from Financing Activity | 22 | 74 | -19 | -71 | 7 | -45 |
| Net Cash Flow | 14 | 21 | -18 | -15 | 58 | 1,193 |
| Free Cash Flow | -7 | -44 | 19 | 34 | 49 | 1,243 |
| CFO/OP | 71 | 47 | 131 | 49 | 108 | 594 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 99 | 183 | 100 | 154 | 145 | 128 |
| Cash Conversion Cycle | 99 | 183 | 100 | 154 | 145 | 128 |
| Working Capital Days | -117 | -61 | 50 | 108 | 84 | -806 |
| ROCE % | — | 4% | 1% | 12% | 21% | 30% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Sep 2021 | Sep 2026 |
| --- | ---: | ---: |
| Promoters | 90.77% | 39.47% |
| FIIs | 0.00% | 0.60% |
| DIIs | 0.00% | 6.58% |
| Government | 0.00% | 0.00% |
| Public | 0.00% | 52.26% |
| Others | 9.23% | n/m |
| No. of Shareholders | 11 | 1,80,892 |

n/m: Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

## Documents

### Concalls

| Month | Call documents |
| --- | --- |
| Sep 2026 | [Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=558669bc-2537-42e9-a77f-27db3f7c53fe.pdf), [Recording](https://www.esds.co.in/assets/images/investor-relations/Earnings-Call-Audio/Earnings-Call-Audit-Recording.mp3) |

### Results

| Date | Document |
| --- | --- |
| 2 Nov 2026 | [Unaudited Standalone And Consolidated Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=138dcff8-de6a-4fb9-906e-84603a7a70e4.pdf) |

### Credit ratings

| Date | Document |
| --- | --- |
| 16 Sep 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/ESDSSoftwareSolutionLimited_September%2016_%202026_RR_404970.html) |
| 3 Sep 2025 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/ESDSSoftwareSolutionLimited_September%2003_%202025_RR_371155.html) |
| 9 Jul 2025 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/77547) |
| 5 Jun 2024 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/ESDSSoftwareSolutionLimited_June%2005_%202024_RR_344405.html) |
| 10 Apr 2024 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/69469) |
| 31 Aug 2018 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/33696) |
| 9 Aug 2017 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/28461) |

### Exchange filings

Latest 12 of 22.

| Date | Document | Category |
| --- | --- | --- |
| 3 Nov 2026 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a250f7d4-2671-465e-b20b-6baf935e9c81.pdf) | General announcements |
| 2 Nov 2026 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=282cf8ae-e6e2-4bad-aac5-48ac4663fb03.pdf) | Outcome |
| 2 Nov 2026 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b4e7ef1-fbbb-4e54-8048-5f2efff29adc.pdf) | General announcements |
| 2 Nov 2026 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5836d249-659d-4a7f-babb-d6dd82de2db2.pdf) | General announcements |
| 2 Nov 2026 | [Statement Of Deviations And Variations](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac778b21-004f-4dd4-97c2-ac31ce0fcfe5.pdf) | Compliance |
| 2 Nov 2026 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20836505-39cf-4c4c-bd03-376b962375c2.pdf) | — |
| 2 Nov 2026 | [Audio Recording Of Investor / Earnings Conference Call Q2 FY 26-27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e99502a8-c05d-4a19-9fb5-b3ae6f48b17b.pdf) | — |
| 30 Oct 2026 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=733c3520-6adb-4a6d-889a-a4fcdfecc73d.pdf) | General announcements |
| 28 Oct 2026 | [Board Meeting Intimation for Intimation Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4d2e8dc-fb9c-4187-9c88-e4edbca33062.pdf) | Intimation |
| 28 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03474840-f78b-4488-a9f7-0695583bdeed.pdf) | General announcements |
| 14 Oct 2026 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22f0ec66-e8ff-4d9f-bcff-ca804bccb487.pdf) | Outcome |
| 29 Sep 2026 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fd709d1-398a-477b-91ee-bcb05f288657.pdf) | General announcements |

## Frequently Asked Questions about ESDS Software Solution

### What does ESDS Software Solution Ltd do?

ESDS delivers India's enterprise cloud, GPU, data centre and AI infrastructure, built in India and governed by Indian law.

### Where is ESDS Software Solution Ltd (ESDS) listed?

ESDS Software Solution Ltd trades as ESDS on the NSE and under code 544898 on the BSE.

### Which sector does ESDS Software Solution Ltd belong to?

ESDS Software Solution Ltd is classified under the Information Technology sector, in the IT - Services industry.

### What is the PE ratio of ESDS Software Solution Ltd?

ESDS Software Solution Ltd trades at a PE ratio of 91.82 as of 4 Nov 2026, on earnings per share of ₹13, against a book value of ₹109.63 per share.

### What is the 52-week high and low of ESDS Software Solution Ltd?

Over the last 52 weeks ESDS Software Solution Ltd has traded between ₹756 and ₹1,859.2 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of ESDS Software Solution Ltd?

ESDS Software Solution Ltd reported a return on equity of 24.90%. Its debt-to-equity ratio is 0.18.

## Company Information

ESDS delivers India's enterprise cloud, GPU, data centre and AI infrastructure, built in India and governed by Indian law.

- **Website:** https://esds.co.in/
- **Listed:** 4 Sep 2026
- **Face Value:** ₹1

---

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, 07:09 IST.