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Excelsoft Technologies Ltd (EXCELSOFT) Fair Value & Analysis

Technology · IN · Market cap ₹9.4B

ET Excelsoft Technologies Ltd EXCELSOFT · NSE
Price₹73.96
Fair Value₹99.97
Upside+35.2%
Quality48/100
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Expensive Growth
Solidly profitable · 15.9% net margin
Low debt · negative free cash flow
Ranks above peers (10/12)
Moderate moat 58/100
Evidence: Medium Range ₹69.98 – ₹126.15 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 3 days ago

Share price −5.7% over the past month.

Below-average quality, screening 35% undervalued on our models.

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What matters now

  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹69.98 to ₹126.15) leaves room in how you read the outcome.
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Price vs Fair Value (9 months)

₹125.97 ₹66.72 Fair Value ₹99.97 Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

9‑month range ₹66.72 – ₹125.97 · fair‑value band ₹69.98 – ₹126.15 · the ₹73.96 price screens below the ₹99.97 fair value. As of Aug 13, 2026.

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Analysis

Excelsoft Technologies Ltd (EXCELSOFT) currently trades at ₹73.96, while our model-based Fair Value estimate is ₹99.97, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Excelsoft Technologies Ltd generated revenue of ₹2.7B at a net margin of 15.9%. Revenue grew 16.1% year over year. It earns a return on equity of 9.1%. Net debt stands at ₹182M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹69.98 (bear case) to ₹126.15 (bull case); at ₹73.96, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -40% fair-value upside, at 35%, EXCELSOFT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder ₹36.22 ₹41.04 ₹45.21 72
Growth-Adj P/E ₹69.98 ₹99.97 ₹129.96 68
P/E Multiple ₹79.16 ₹105.55 ₹131.93 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹25.63 ₹143.82 ₹199.76 54
Lynch FV ₹40.27 ₹57.52 ₹74.78 50
PEG = 1.0 ₹40.27 ₹57.52 ₹74.78 46
EPV ₹36.22 ₹41.04 ₹45.21 59
Multiples
P/E Multiple ₹79.16 ₹105.55 ₹131.93 63
P/S Multiple ₹48.06 ₹64.08 ₹80.10 58
P/B Multiple ₹48.06 ₹64.08 ₹80.10 55
EV/EBIT ₹82.28 ₹107.82 ₹133.37 53
EV/EBITDA ₹91.42 ₹120.01 ₹148.61 54
EV/Revenue ₹44.38 ₹60.99 ₹77.59 43
Asset-Based
NCAV (Graham) ₹25.13 ₹33.67 ₹50.25 50
Economic Profit
Residual Income ₹40.65 ₹42.91 ₹46.32 61
ROIC Compounder ₹36.22 ₹41.04 ₹45.21 72
Growth Earnings
Growth-Adj P/E ₹69.98 ₹99.97 ₹129.96 68

Widest divergence: Growth Earnings (₹99.97) versus Asset-Based (₹33.67). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹2.7B
Revenue growth (YoY) +16.1%
Net margin 15.9%
Return on equity 9.1%
Free cash flow −₹189M FY2026
P/E ratio 18.0
More key figures
Operating margin 22.8%
EPS (TTM) ₹4.12
EPS growth (YoY) -28.9%
Net debt ₹182M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 13

Profitability 42
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 7
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Excelsoft Technologies Limited provides software as a service (SaaS) products and services to the education and testing in India. It operates through two segments, Assessment and Proctoring Solutions, and Learning and Students Success Systems.

Full company description

Excelsoft Technologies Limited provides software as a service (SaaS) products and services to the education and testing in India. It operates through two segments, Assessment and Proctoring Solutions, and Learning and Students Success Systems. The company offers SARAS test and assessment, a robust platform for assessment needs that empowers educators and professionals to design and deliver tailored assessments through various models; EasyProctor, an AI-based remote proctoring solution that ensures sanctity and integrity of the online examination by eliminating candidate malpractice through recorded proctoring, live-proctoring, and secure browser-based exam delivery; OpenPage, a digital e-textbook distribution solution; and EnablED that transfer learning which suits learners' demand for training including informal, on-demand, and customized to their needs. It also provides CollegeSPARC, an end-to-end solution for student success, advising, and student retention management needs; AI-Levate, an AI-powered apps; SARAS learning management system that automate teaching and learning processes; and LearnActiv - K-12 learning solutions. The company serves academic institutes, universities, schools, enterprises, and others in North America, the Asia"Pacific, Europe, Latin America, Middle East, Africa. The company has a strategic collaboration with AQA Education for the development of a next-generation e-marking platform. The company was incorporated in 2000 and is headquartered in Mysore, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2023 – FY2026 · reported fiscal years

Excelsoft Technologies Ltd reported revenue of ₹2.7B in FY2026 versus ₹2.0B in FY2023, a compound +11.8%/yr. Reported net income was ₹434M in FY2026, compounding +24.6%/yr from FY2023.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.7B
Latest YoY
+16.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.8%
Revenue +11.8%/yr
FY23 ₹2.0B
FY24 ₹2.0B
FY25 ₹2.3B
FY26 ₹2.7B
Net income +24.6%/yr
FY23 ₹224M
FY24 ₹128M
FY25 ₹347M
FY26 ₹434M

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Cite: Fair Value Calculator (2026). "Excelsoft Technologies Ltd Fair Value". https://www.fairvalue-calculator.com/stock/EXCELSOFT

Peer Group

Software - Application · 718 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside +35% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth 16% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 18.0× · Cheaper than median
P/B 1.63× · Cheaper than median
P/S (TTM) 3.45× · Pricier than median
EV/EBITDA 12.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 80 · sector 1
FUTURE 81 · sector 38
PAST 37 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 34

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Beijing Kingsoft Office Software, Inc 688111 ¥254.50 ¥81.23 -68%
Tata Elxsi Limited TATAELXSI ₹3,712 ₹2,519 -32%
Douzone Bizon Co 012510 120,000 KRW 92,181 KRW -23%
KFin Technologies Limited KFINTECH ₹922.00 ₹556.85 -40%

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Frequently asked questions

Is Excelsoft Technologies Ltd (EXCELSOFT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹99.97 versus a price of ₹73.96, about +35% (undervalued).
What is the fair value of EXCELSOFT?
Our model-based fair value for Excelsoft Technologies Ltd is ₹99.97 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹73.96.
What is the quality score of EXCELSOFT?
Excelsoft Technologies Ltd has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Excelsoft Technologies Ltd (EXCELSOFT)?
Excelsoft Technologies Ltd reported trailing-twelve-month revenue of about ₹2.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EXCELSOFT?
The net profit margin of Excelsoft Technologies Ltd is about 15.9%, meaning it keeps roughly 15.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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