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California Software Co. Ltd.
(CALSOFT)
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Rating:72Outperform
Price Target:
₹40.00
▲(81.82% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by strong latest-year financial performance and a low-leverage balance sheet, partially offset by inconsistent cash-flow quality. Technicals support the trend but are overbought, and valuation is moderate (P/E ~17.3) with no dividend yield to bolster the profile.
Positive Factors
Strong Profitability
The latest annual results show unusually strong profitability and substantial revenue expansion, indicating effective monetization of the business during the period. If these economics persist, high margins can support internal investment, strengthen resilience, and provide meaningful operating leverage over the next several quarters.
Negative Factors
Weak Earnings-to-Cash Conversion
Operating cash flow converting at less than half of net income raises questions about how consistently accounting profits become available cash. Persistent weak conversion could constrain reinvestment, reduce balance-sheet flexibility, and make future earnings less dependable as a source of funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
The latest annual results show unusually strong profitability and substantial revenue expansion, indicating effective monetization of the business during the period. If these economics persist, high margins can support internal investment, strengthen resilience, and provide meaningful operating leverage over the next several quarters.
Read all positive factors
California Software Co. Ltd. (CALSOFT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.44B
Dividend Yield6.89%
Average Volume (3M)50.30K
Price to Earnings (P/E)16.7
Beta (1Y)0.52
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. Volume38,687
30 Day Avg. Volume50,299
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
Positive
22.00
Price Trends
28.87
Positive
25.41
Positive
19.67
Positive
Market Momentum
2.98
Positive
62.44
Neutral
82.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CALSOFT, the sentiment is Positive. The current price of 22 is below the 20-day moving average (MA) of 37.45, below the 50-day MA of 28.87, and above the 200-day MA of 19.67, indicating a bullish trend. The MACD of 2.98 indicates Positive momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 82.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹5.97B | 16.02 | ― | 5.59% | 15.97% | 16.68% | |
72 Outperform | ₹1.44B | 16.75 | ― | 6.89% | 318.20% | 1177.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹3.97B | 35.46 | ― | 0.33% | 33.41% | 8.12% | |
43 Neutral | ₹714.78M | -40.75 | ― | ― | 428.09% | -7.91% | |
42 Neutral | ₹570.65M | -2.97 | ― | 0.26% | -50.11% | 87.17% | |
41 Neutral | ₹774.94M | -2.56 | ― | 0.10% | -49.83% | -6031.99% |
* General Sector Average
IN:CALSOFT
California Software Co. Ltd.
39.74
24.99
169.42%
IN:CURAA
Cura Technologies Limited
72.20
-162.80
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IN:KSOLVES
Ksolves India Ltd
250.75
-55.85
-18.22%
IN:RSSOFTWARE
R. S. Software (India) Limited
31.50
-49.60
-61.16%
IN:SECURKLOUD
SecureKloud Technologies Limited
18.19
-5.56
-23.41%
IN:XTGLOBAL
XTGlobal Infotech Ltd.
29.73
-12.56
-29.70%
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.