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California Software Co. Ltd.
(CALSOFT)
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Rating:63Neutral
Price Target:
₹30.00
▲(36.36% Upside)
Action:Downgraded
Date:10/25/26
The score is driven by strong latest-year financial performance and improved balance-sheet leverage, but is pulled down by weak technical momentum (below key moving averages with negative MACD) and cash-flow inconsistency versus reported earnings. Valuation is supportive with a modest P/E, but not enough to offset the current bearish technical setup.
Positive Factors
Strong profitability and revenue growth
The latest period shows substantial revenue expansion alongside exceptionally strong gross and net margins. If the company can retain a meaningful portion of this performance, it should have greater capacity to reinvest in software services, support customers, and build earnings over the next several quarters.
Negative Factors
Weak operating cash conversion
Operating cash flow materially below reported net income raises questions about how consistently profits convert into cash. Even with positive latest-period FCF, weak operating conversion can constrain internally funded growth and make future earnings less dependable as a source of liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and revenue growth
The latest period shows substantial revenue expansion alongside exceptionally strong gross and net margins. If the company can retain a meaningful portion of this performance, it should have greater capacity to reinvest in software services, support customers, and build earnings over the next several quarters.
Read all positive factors
California Software Co. Ltd. (CALSOFT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹995.35M
Dividend Yield6.89%
Average Volume (3M)25.35K
Price to Earnings (P/E)12.0
Beta (1Y)0.65
Revenue Growth318.20%
EPS Growth1177.43%
CountryIN
Employees45
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)2.37
Shares Outstanding35,035,310
10 Day Avg. Volume10,739
30 Day Avg. Volume25,351
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.84
Price to Sales (P/S)3.86
P/FCF Ratio24.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
California Software Co. Ltd. Business Overview & Revenue Model
Company Description
Established in Chennai, India, in 1992, California Software Company Limited delivers a comprehensive suite of services encompassing software development, IT infrastructure management, and business process outsourcing. The company specializes in cr...
California Software Co. Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
83
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.41M | 196.58M | 54.46M | 42.80M | 27.64M | 108.57M |
| Gross Profit | 206.93M | 158.10M | 24.40M | 24.47M | 17.58M | 95.11M |
| EBITDA | 202.22M | 148.88M | 15.65M | 15.65M | 11.96M | 74.28M |
| Net Income | 146.28M | 106.26M | 7.19M | 6.24M | 2.21M | 45.52M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 495.78M | 273.92M | 218.99M | 250.67M | 262.06M |
| Cash, Cash Equivalents and Short-Term Investments | 60.15M | 60.15M | 20.49M | 504.00K | 528.00K | 387.43K |
| Total Debt | 0.00 | 16.12M | 8.02M | 83.14M | 63.66M | 48.97M |
| Total Liabilities | -412.74M | 83.04M | 28.61M | 96.91M | 134.88M | 117.40M |
| Stockholders Equity | 412.74M | 412.74M | 245.31M | 122.08M | 115.80M | 164.81M |
Cash Flow | ||||||
| Free Cash Flow | -16.80M | 31.47M | 0.00 | -19.57M | -14.65M | -31.79M |
| Operating Cash Flow | -13.21M | 35.07M | 12.71M | -19.57M | -14.59M | -31.41M |
| Investing Cash Flow | -3.60M | -3.60M | 0.00 | 0.00 | -65.00K | -378.00K |
| Financing Cash Flow | -2.09M | 8.10M | 7.37M | 19.48M | 14.69M | 31.97M |
California Software Co. Ltd. Technical Analysis
Neutral
22.00
Price Trends
33.86
Negative
28.02
Positive
21.55
Positive
Market Momentum
-1.28
Positive
35.23
Neutral
3.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CALSOFT, the sentiment is Neutral. The current price of 22 is below the 20-day moving average (MA) of 33.45, below the 50-day MA of 33.86, and above the 200-day MA of 21.55, indicating a neutral trend. The MACD of -1.28 indicates Positive momentum. The RSI at 35.23 is Neutral, neither overbought nor oversold. The STOCH value of 3.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CALSOFT.
California Software Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹5.20B | 14.43 | ― | 6.39% | 10.91% | 15.87% | |
63 Neutral | ₹995.35M | 12.02 | ― | 6.89% | 318.20% | 1177.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹3.33B | 29.40 | ― | 0.41% | 33.41% | 8.12% | |
43 Neutral | ₹639.54M | -37.92 | ― | ― | 428.09% | -7.91% | |
42 Neutral | ₹508.84M | -2.65 | ― | 0.26% | -50.11% | 87.17% | |
41 Neutral | ₹731.02M | -2.26 | ― | 0.10% | -49.83% | -6031.99% |
* General Sector Average
IN:CALSOFT
California Software Co. Ltd.
28.41
10.25
56.44%
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California Software Co. Ltd. Corporate Events
California Software Extends Deadline for Rights Issue Call Payment
Sep 26, 2026
California Software Company Limited has extended the payment deadline for the first and final call of ₹7.50 per partly paid-up equity share issued on a rights basis, originally allotted in February 2025. The new and final payment date is set...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.