Saksoft Limited (SAKSOFT)

Information Technology · IT - Software · NSE · Updated 21 July 2026

₹177.65 ↓ 22.7% (1Y)

🎯 Key Takeaways

Saksoft Limited is in a phase of steady, margin-driven growth with a strategic shift toward outcome-based billing and expansion in international markets. Despite flat revenue growth in recent quarters, profitability remains resilient, supported by operational efficiency and a growing sales pipeline.
Revenue grew 5.4% QoQ to ₹227 in Q3FY25.
⚠️ Revenue growth remains heavily dependent on existing clients, with minimal contribution from new customer acquisition or pricing power.

Market Cap

₹1,793

P/E Ratio

15.0

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Saksoft Limited is in a phase of steady, margin-driven growth with a strategic shift toward outcome-based billing and expansion in international markets. Despite flat revenue growth in recent quarters, profitability remains resilient, supported by operational efficiency and a growing sales pipeline. The company is transitioning from a mature IT services model toward higher-margin, contract-based engagements, particularly in AI-enabled services.

📰 What's Happening

In Q1FY26, Saksoft reported a 14% YoY revenue increase to ₹1,007 crores and a 23% YoY rise in net profit to ₹133 crores, driven by a USD 25 million sales pipeline — up from USD 5 million six months prior — fueled by six major deals in the U.S., U.K., and Europe. The company appointed Deepankur Kukreja as Chief Growth Officer for its UK operations to accelerate customer retention and expansion. Additionally, three new directors were appointed effective May 25, 2026, pending shareholder approval at the AGM, reinforcing governance and strategic depth. The board also scheduled the AGM for August 7, 2026, with a record date of July 31, 2026, for final dividend entitlement.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	182	183	190	193	195	201	215	227
Operating Profit	33	36	38	34	36	38	41	42
OPM %	17.9%	18.8%	18.8%	17.1%	17.1%	17.4%	17.1%	16.8%
Net Profit	25	25	25	23	23	26	26	27
EPS	₹2.49	₹2.51	₹2.51	₹2.24	₹2.33	₹2.53	₹2.06	₹2.12

Revenue growth has shown a clear upward trend, rising from ₹182 crores in Q4FY23 to ₹227 crores in Q3FY25, with profitability holding firm at an OPM of 16.8% in Q3FY25 despite macroeconomic headwinds. The company's EBITDA margin improved to 18.57% in FY26, reflecting cost discipline and operational leverage. While sequential growth moderated slightly, the shift toward outcome-based billing and higher-value contracts in international markets is expected to sustain margins, even amid AI pricing pressures.

🔮 Management Outlook & What's Next

Management expects sequential growth to resume as AI adoption stabilizes and targets EBITDA margins of 17-18% in FY27. They emphasize that revenue growth is primarily driven by existing clients (95-98%), with minimal reliance on new customer acquisition or pricing increases. Cash balance of INR 223 crores supports organic growth and small acquisitions (up to INR 100 crores), underpinning a conservative but strategic capital allocation approach.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — IT - Software

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Tata Consultancy Services Limited	8.19 L Cr	17.2	67.6%	50.4%	0.00
Infosys Limited	4.54 L Cr	16.6	40.8%	29.2%	0.00
HCL Technologies Limited	3.07 L Cr	18.6	31.9%	23.6%	0.03
Wipro Limited	1.99 L Cr	15.0	19.1%	16.1%	0.20
Tech Mahindra Limited	1.34 L Cr	26.3	22.1%	10.0%	0.07
LTM Limited	1.18 L Cr	25.7	—	—	—
Oracle Financial Services Software Limited	78,487	34.0	—	—	—
Persistent Systems Limited	74,176	54.5	—	—	—
Coforge Limited	43,059	50.2	—	—	—
MphasiS Limited	39,760	23.9	—	—	—

🔗 Peer Stock Analyses

TCS INFY HCLTECH WIPRO TECHM

⚠️ Risk Factors

1. Revenue growth remains heavily dependent on existing clients, with minimal contribution from new customer acquisition or pricing power. 2. EBITDA margin expansion faces pressure from AI-driven pricing compression, which management expects to offset through operational efficiency. 3. International expansion into the U.S., U.K., and Europe introduces geopolitical and currency risks. 4. Strategic initiatives are still in early stages, and the shift to outcome-based billing models may take time to materialize fully.

📋 Recent Filings

🧠 Analyst's Read

Saksoft is executing a disciplined transition toward higher-margin, contract-based services with international expansion as a key lever. While near-term growth is solid, long-term sustainability will depend on successfully scaling new markets and maintaining margins amid pricing pressures. Investors should monitor execution of the UK expansion and progress in closing the USD 25 million pipeline.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-21.

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