Skip to content
Sonata Software logo

Sonata Software

SONATSOFTW NSE
₹227.04 No trade today
P/E
13.74
View as Markdown
MCP
Close 4 Nov 2026 ₹227.04 −138.81 −37.9% 1Y
Start ₹365.85

Key Fundamentals

MicrocapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
30.70%
Debt to Equity
0.38
EPS (TTM)
₹16.52
Book Value
₹67.93
Market Cap
—
P/E (TTM)
13.74
P/B
3.34
ROE
28.20%
Dividend Yield
3.48%
EBITDA
₹846 Cr
52W High
₹400.50
52W Low
₹207.15
Volume
0

Peer Comparison

Information Technology › Computer Software & Consulting › Computers - Software & Consulting

Sonata Software peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Sonata Software (this company)
₹227.0413.74₹6,457 Cr3.343.48%28.20%30.70%₹11,015 Cr₹462 Cr
Median 8 companies₹1,594.0019.48₹1,85,228 Cr4.940.99%25.50%30.55%₹77,072 Cr₹9,241 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.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
70
Strong
Cheap vs sector & own history 24% weight
Growth
37
Poor
Sales & profit trajectory 9% weight
Financial Health
27
Poor
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

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

Key Insights

Strengths

3
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
  • Company has been maintaining a healthy dividend payout of 59.5%
  • Company's median sales growth is 19.3% of last 10 years

Weaknesses

1
  • Promoter holding is low: 28.2%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1135
OscillatorsStrong Bullish135
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
32.78
Neutral
MACD (12,26,9)
−10.62
Bullish
SMA (50)
261.96
Bearish
SMA (200)
276.65
Bearish

As of

Analyst Rating

Based on 7 analysts
BUY43%

3 of 7 analysts rate Buy, 2 Hold, 2 Sell.

As of

BUY
3
43%
HOLD
2
29%
SELL
2
29%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+18.62%
5Y+20.41%
3Y+12.83%
1Y+5.36%
TTM+3.96%

Net profit

Net profit growth by window
10Y+11.30%
5Y+13.72%
3Y+0.88%
1Y+9.18%
TTM+7.94%

Operating cash flow

Operating cash flow growth by window
10Y+13.03%
5Y+3.96%
3Y+26.15%
1Y−16.46%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−2.96 pp
5Y−2.05 pp
3Y−1.17 pp
1Y+0.15 pp
TTM+0.48 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,371 Cr
Mar 2018₹2,454 Cr
Mar 2019₹2,961 Cr
Mar 2020₹3,743 Cr
Mar 2021₹4,228 Cr
Mar 2022₹5,553 Cr
Mar 2023₹7,449 Cr
Mar 2024₹8,613 Cr
Mar 2025₹10,157 Cr
Mar 2026₹10,701 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹157 Cr
Mar 2018₹192 Cr
Mar 2019₹249 Cr
Mar 2020₹277 Cr
Mar 2021₹244 Cr
Mar 2022₹376 Cr
Mar 2023₹452 Cr
Mar 2024₹308 Cr
Mar 2025₹425 Cr
Mar 2026₹464 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹173 Cr −2.7% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Sonata Software Ltd is a mid-cap IT company with a market cap of ₹7,630 Cr trading at a PE of 16.8x. The company has delivered a 10-year sales CAGR of 19% and maintained ROE above 28% consistently, but the stock has declined 32% over the past year and promoter holding remains low at 28.2%.

Bull Case 8
  • Strong long-term revenue track record with 10-year compounded sales growth of 19% and 5-year sales CAGR of 20%
  • Consistent return on equity with 3-year ROE of 29%, 5-year ROE of 31%, and 10-year ROE of 32%, indicating efficient capital allocation
  • Current PE of 16.8x is significantly below typical IT sector multiples, suggesting the stock has de-rated considerably
  • Healthy dividend payout ratio of 52% with a current dividend yield of 1.35%, providing income to shareholders
  • TTM profit growth of 20% indicates recent earnings recovery and operational improvement
  • 10-year stock CAGR of 16% demonstrates long-term value creation despite recent correction
  • Price-to-book ratio of 4.09x is reasonable for a company generating 28%+ ROE consistently
  • 5-year compounded profit growth of 16% shows the company has been able to scale profitably over medium-term periods
Bear Case 8
  • Stock has declined 32% in the last 1 year, reflecting significant negative sentiment or business challenges
  • Promoter holding is low at 28.2%, which raises concerns about alignment of interests and vulnerability to hostile actions
  • 3-year compounded profit growth of only 4% despite 13% sales growth in the same period, indicating margin compression
  • 3-year stock CAGR of -18% suggests sustained underperformance and potential structural concerns
  • TTM sales growth has decelerated sharply to just 5% compared to 5-year CAGR of 20%, signaling a slowdown
  • 5-year stock CAGR of 0% means shareholders have received no capital appreciation over half a decade
  • Last year ROE of 28% has declined from the 5-year average of 31% and 10-year average of 32%, showing deteriorating capital efficiency
  • Divergence between TTM profit growth of 20% and TTM sales growth of 5% may reflect one-time items rather than sustainable operational improvement

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

AI News Digest

121d ago

TL;DR: Sonata Software is showing strong momentum with an 18% stock surge, improving profitability (EBIT margins up 160 bps), and a rapidly expanding AI pipeline at $335 million. The Encore IT merger simplifies structure and strengthens AI capabilities. Key risk is the 17% sequential revenue decline in domestic business, though this was offset by margin improvement. The trend is improving with AI emerging as a credible growth driver and large-deal traction building among Fortune 500 clients.

Positives 5
  • Shares surge 18% on results Jun 16

    Stock rallied over 18% to ₹304.90 with trading volumes 25x above normal, marking the most significant gain in five years driven by strong Q3 results and NCLT approval.

  • AI pipeline expands to $335M Jun 16

    AI-focused pipeline grew to $335 million with AI-related deal wins worth approximately $13.7 million. Fortune 500 companies account for 37% of large-deal pipeline.

  • EBIT margins expand 160 bps Jun 16

    EBIT rose 5.6% QoQ with margins expanding 160 basis points in March quarter despite 17% sequential topline decline due to domestic business weakness.

Neutral 2
  • US legal case dismissed Jul 3

    Sonata Software's US subsidiary had its involuntary petition against OBSA dismissed by the Court. OBSA later executed a separate assignment for creditors under California law.

  • Banyan Tree Advisors meeting Jun 29

    Management held a virtual meeting with Banyan Tree Advisors on June 29, 2026 with no unpublished price sensitive information shared.

Quarterly Results

₹ Cr
SONATSOFTW quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,016
1,913
2,493
2,192
2,527
2,170
2,843
2,617
2,965
2,119
3,081
2,536
3,279
Expenses
1,837
1,715
2,286
2,047
2,351
1,993
2,679
2,445
2,806
1,947
2,880
2,328
3,108
Operating Profit
178
197
208
144
176
177
164
173
160
173
200
209
171
OPM %
9%
10%
8%
7%
7%
8%
6%
7%
5%
8%
6%
8%
5%
Other Income
28
23
−155
55
19
19
21
11
24
31
−20
6
7
Interest
21
21
22
22
20
19
16
10
5
14
13
19
12
Depreciation
31
33
34
34
33
33
32
23
26
26
27
25
28
PBT
154
167
−3
144
142
144
137
151
153
164
141
170
137
Tax %
22%
25%
1389%
23%
25%
26%
23%
29%
28%
27%
26%
23%
21%
Net Profit
120
124
−46
110
106
106
105
108
109
120
104
130
108
EPS (₹)
4.28
4.43
−1.65
3.94
3.77
3.8
3.74
3.83
3.9
4.29
3.72
4.65
3.86

Profit & Loss

₹ Cr
SONATSOFTW profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,682
1,940
2,371
2,454
2,961
3,743
4,228
5,553
7,449
8,613
10,157
10,701
11,015
Expenses
1,514
1,749
2,191
2,223
2,625
3,370
3,848
5,090
6,845
7,885
9,468
9,958
10,263
Operating Profit
168
192
180
231
336
373
380
464
604
728
690
743
752
OPM %
10%
10%
8%
9%
11%
10%
9%
8%
8%
8%
7%
7%
7%
Other Income
23
47
67
47
30
58
28
102
71
−50
71
40
24
Interest
3
8
9
5
3
15
15
18
19
85
65
51
58
Depreciation
6
6
11
12
13
37
40
47
59
132
121
104
107
PBT
182
225
226
260
349
379
352
500
597
461
574
627
612
Tax %
27%
30%
31%
26%
29%
27%
31%
25%
24%
33%
26%
26%
—
Net Profit
133
159
157
192
249
277
244
376
452
308
425
464
463
EPS (₹)
4.77
5.66
5.57
6.87
8.89
9.88
8.7
13.42
16.12
11
15.14
16.56
16.52
Div. Payout %
55%
60%
60%
57%
53%
76%
60%
58%
48%
103%
29%
47%
—

Balance Sheet

₹ Cr
SONATSOFTW balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
10
10
10
10
10
10
14
28
28
28
Reserves
418
460
580
643
758
659
895
1,089
1,287
1,379
1,678
1,877
Borrowings
24
176
55
34
16
86
185
159
590
765
516
723
Other Liabilities
355
345
552
545
744
861
856
1,297
2,466
2,889
2,448
2,354
Total Liabilities
808
992
1,198
1,232
1,528
1,616
1,947
2,555
4,357
5,061
4,670
4,982
Fixed Assets
23
120
118
114
199
298
324
427
1,732
1,671
1,603
1,823
CWIP
0
0
0
0
1
0
0
0
1
0
26
74
Investments
64
52
128
198
146
14
76
159
220
245
249
186
Other Assets
721
820
951
920
1,182
1,305
1,547
1,970
2,404
3,145
2,792
2,898
Total Assets
808
992
1,198
1,232
1,528
1,616
1,947
2,555
4,357
5,061
4,670
4,982

Cash Flow

₹ Cr
SONATSOFTW cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
77
158
185
290
−6
369
443
450
268
281
644
538
Investing
−126
−133
−3
104
12
139
−112
−87
−771
−53
−437
−209
Financing
−51
−30
−173
−140
−166
−310
−62
−271
187
−108
−433
−266
Net Cash Flow
−100
−4
9
253
−160
198
268
93
−316
119
−226
63
Free Cash Flow
71
144
185
283
−14
360
441
441
227
281
577
425
CFO/EBITDA
62
101
139
149
24
133
152
131
73
75
117
95

Ratios

SONATSOFTW financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
67
67
80
59
100
68
53
59
61
68
63
63
Inventory Days
3
3
0
0
0
0
0
0
2
6
2
2
Days Payable
90
84
—
—
—
—
—
—
87
89
80
84
Cash Conversion Cycle
−20
−14
80
59
100
68
53
59
−24
−15
−15
−19
Working Capital Days
9
−1
8
−11
24
−4
−18
−17
−34
−47
−21
−16
ROCE %
44%
42%
35%
39%
46%
51%
39%
44%
39%
36%
29%
31%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sonata Software insights

70 extracted metrics across FY05–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 36.80%
  • Promoters 28.17%
  • DIIs 24.88%
  • FIIs 8.84%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. 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

Frequently Asked Questions about Sonata Software

What does Sonata Software Ltd do?
Sonata Software Ltd is primarily engaged in the business of providing Information Technology (IT) Services and Solutions to its various customers in the United States of America, Europe, Middle East, Australia and India.
Where is Sonata Software Ltd (SONATSOFTW) listed?
Sonata Software Ltd trades as SONATSOFTW on the NSE and under code 532221 on the BSE.
Which sector does Sonata Software Ltd belong to?
Sonata Software Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the PE ratio of Sonata Software Ltd?
Sonata Software Ltd trades at a PE ratio of 13.74 as of 4 Nov 2026, on earnings per share of ₹16.52, against a book value of ₹67.93 per share.
What is the 52-week high and low of Sonata Software Ltd?
Over the last 52 weeks Sonata Software Ltd has traded between ₹207.15 and ₹400.5 as of 4 Nov 2026.
Does Sonata Software Ltd pay dividends?
Sonata Software Ltd has a dividend yield of 3.48%.
What is the Return on Equity (ROE) of Sonata Software Ltd?
Sonata Software Ltd reported a return on equity of 28.20%. Its debt-to-equity ratio is 0.38.

Company Information

Sonata Software Ltd is primarily engaged in the business of providing Information Technology (IT) Services and Solutions to its various customers in the United States of America, Europe, Middle East, Australia and India.

Website sonata-software.com
CEO Mr. Samir Dhir
Employees 6,414
Listed 28 Jul 1999
Face Value ₹1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SONATSOFTW.md for Sonata Software Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More IT Software stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month