Saksoft Share Price Target 2024-2030 Fundamentals & Quarterly Results

Saksoft Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results– Saksoft is dedicated to providing technology services by taking care of its clients in sectors like; Fintech, Logistics & Transportation, Healthtech, and Utilities. The services that Saksoft offers includes; Application Engineering, Quality Assurance & Testing, Data Analytics, Cloud, Infrastructure and Cyber Security Services.

Latest Update – Net profit for Saksoft Ltd is up 1.75% from same quarter last year to ₹25.59 Cr in Q1 2024-2025. Quarterly growth of Saksoft Ltd over the last 3 months has been pushed by 10.3% increase in net profit.

Saksoft Overview

Contents

1 Saksoft Overview
2 Saksoft Business Profile
3 Saksoft Fundamentals & Quarterly Results
4 Saksoft Share Price Target 2024-2030

Saksoft Ltd was established in 1999 by Autar Krishna and son Mr Aditya Krishna. This company is involved in giving business intelligence and information management solutions mainly to mid-tier corporations either located in USA or UK.

Company Name	Saksoft Ltd
Listed at	NSE & BSE
Head Office	Emgeen Chambers, II floor 10 Vidyanagari Marg, CST Road, Kalina Santacruz (East) Mumbai 400098
Board Of Directors	Mr.Aditya Krishna Chairman & Managing Director Mr.Ajit Thomas Ind. Non-Executive Director Ms.Malini Thadani Ind. Non-Executive Director Mr.Ganesh Chella Ind. Non-Executive Director Mr.V V R Babu Ind. Non-Executive Director Ms.Kanika Krishna Non Executive Director
Official Website	saksoft.com

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Saksoft Business Profile

The organization provides services like application development, testing and quality assurance as well as cloud, mobility, and Internet of Things (IoT) based solutions along with Information Management (IM) and Business Intelligence (BI) solutions.

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Industries

The company provides domain specific services in the verticals of :-
a. Fintech – Pay Tech, Reg Tech, Credit Tech, Insure Tech.
b. Utilities and Telecommunication – SharePoint development, Advanced analytics to reduce customer churn, Oracle Support, Testing CoE.
c. Public Sector – Telehealth, EHR integration, Imaging analytics, etc.
d. Retail & Healthcare – Multi Store eCommerce Solutions, Customer Engagement Solutions, Order Inventory Management, Telehealth & Remote Patient Monitoring, IoMT, Medical Device Integration, Billing & Revenue Cycle Management, Interoperability & Integration etc.
e. Transportation & Logistics – 3PL, Carrier, Shipper, Port.
f. Other – Machine learning & facial recognition from IoT data feeds, Predictive Analytics & BI, People identity management.

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Geographical & Client Concentration

Chennai (India) is where the Company is based and it has 16 other offices around India, Europe, Asia and USA. From the global market, this company got around 72% revenue in USA and Europe during FY23. The top 5 clients bring in almost 46% while the top two bring almost 28%.

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Subsidiaries

1 Saksoft Inc, USA (WOS)
2 Saksoft Pte Ltd., Singapore (WOS)
3 Saksoft Solutions Ltd., UK (WOS)
4 Three Sixty Logica Testing Services Pvt. Ltd., India (WOS)
5 DreamOrbit Softech Pvt. Ltd., India (WOS)

On Aug,23, the company acquired Solveda Software India Private Limited and Solveda LLC for tightening its presence in the e-commerce vertical. Solveda LLC and Solveda Software India Private Limited are both software design and development firms specializing in e-commerce applications for both B2B and B2C. Cost of Acquisition- ~Rs. 156 crs.

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Intense Competition

The company is a relatively small player in IT services compared to large multinationals, therefore, it has a high exposure to tough competition. The business concentrates on niches in Financial Technology, Transportation, Logistics, Healthcare, Technology, Utilities industries, targeting an income of $100M in 2023-2024 and $500M in 2030.

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Saksoft Fundamentals & Quarterly Results

Terms	Value
Market Cap	₹ 3,066 Cr.
Current Price	₹ 289
High / Low	₹ 402 / 210
Stock P/E	31.9
Book Value	₹ 47.7
Dividend Yield	0.27 %
ROCE	27.7 %
ROE	21.1 %
Face Value	₹ 1.00
Debt to equity	0.05
Debt Capacity	0.14
Debt preceding year	₹ 13.5 Cr.
Debt	₹ 26.4 Cr.
Reserves	₹ 495 Cr.
EPS	₹ 9.07
EPS last year	₹ 9.07
Pledged percentage	0.00 %
FCF Prev Ann	₹ 76.4 Cr.
EVEBITDA	20.2
Industry PE	32.1
PEG Ratio	1.49
Piotroski score	5.00
Earnings yield	4.50 %
Sales growth 5Years	16.3 %

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Saksoft Quarterly Results

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales +	139	148	164	172	182	183	190	193	195
Expenses +	117	126	138	144	150	149	156	160	162
Operating Profit	22	22	26	27	33	35	34	33	33
OPM %	16%	15%	16%	16%	18%	19%	18%	17%	17%
Other Income +	3	3	3	2	1	2	4	1	2
Interest	1	0	1	1	1	0	1	1	1
Depreciation	2	2	2	3	3	3	3	3	3
Profit before tax	22	23	26	27	30	33	34	30	31
Tax %	21%	23%	25%	26%	16%	24%	25%	25%	26%
Net Profit +	18	18	19	20	25	25	25	23	23
EPS in Rs	1.67	1.69	1.83	1.88	2.36	2.38	2.38	2.13	2.19

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CAGR Report

Metric	10 Years	5 Years	3 Years	Last Year & TTM
Compounded Sales Growth	13%	16%	25%	14%
Compounded Profit Growth	21%	21%	28%	17%
Stock Price CAGR	43%	54%	80%	-12%
Return on Equity (ROE)	20%	21%	22%	21%

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Saksoft Shareholding pattern

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters (%)	72.59	68.31	69.21	69.21	69.11	68.31	66.86	66.64
FIIs (%)	0.36	0.51	0.84	0.98	2.15	3.87	4.76	4.00
DIIs (%)	0.01	0.01	0.03	0.00	0.00	0.36	0.37	0.00
Public (%)	27.05	26.10	24.83	24.73	23.67	22.41	22.97	24.35
Others (%)	0.00	5.08	5.08	5.08	5.08	5.05	5.04	5.01
No. of Shareholders	4,421	4,361	4,235	4,233	10,071	27,595	51,688	92,699

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