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FCS Software Solutions Limited
(FCSSOFT)
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Rating:60Neutral
Price Target:
₹1.50
▼(-21.05% Downside)
Action:Reiterated
Date:08/30/26
The score is primarily supported by a strong, low-debt balance sheet and improving recent revenue/cash generation. It is held back by high valuation (P/E ~90) and a neutral-to-weak technical setup (below longer-term moving averages with negative MACD), alongside still-inconsistent profitability and cash-flow variability.
Positive Factors
Strong FY2026 revenue re-acceleration
The sharp FY2026 revenue rebound indicates improving demand for the company’s IT services after flat FY2025 growth. Sustained client spending and project wins could support business scale over the next several quarters.
Negative Factors
Thin operating profitability
Low operating profit relative to revenue indicates limited margin protection in the current business model. Unless utilization, pricing, or cost control improves, even strong top-line growth may produce only modest and potentially fragile earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 revenue re-acceleration
The sharp FY2026 revenue rebound indicates improving demand for the company’s IT services after flat FY2025 growth. Sustained client spending and project wins could support business scale over the next several quarters.
Read all positive factors
FCS Software Solutions Limited (FCSSOFT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.48B
Dividend Yield0.7%
Average Volume (3M)590.54K
Price to Earnings (P/E)86.7
Beta (1Y)1.61
Revenue Growth84.95%
EPS Growth0.61%
CountryIN
Employees220
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,709,553,100
10 Day Avg. Volume467,071
30 Day Avg. Volume590,543
Financial Highlights & Ratios
PEG Ratio-2.56
Price to Book (P/B)0.48
Price to Sales (P/S)3.44
P/FCF Ratio6.84
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
FCS Software Solutions Limited Business Overview & Revenue Model
Company Description
FCS Software Solutions Limited, established in 1993 with its headquarters in Noida, India, delivers a broad spectrum of software development, marketing, and support services. The company caters to corporate clients in both India and the United Sta...
How the Company Makes Money
FCSSOFT makes money primarily by delivering IT services to clients under commercial contracts. Key revenue streams typically include (a) project-based engagements where the company is paid for designing, developing, implementing, and integrating s...
FCS Software Solutions Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
85
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 659.64M | 581.51M | 365.40M | 367.01M | 349.14M | 346.17M |
| Gross Profit | 193.70M | 148.33M | 128.38M | 114.18M | 73.65M | 70.50M |
| EBITDA | 74.26M | 128.35M | 132.60M | -21.25M | 81.20M | 65.45M |
| Net Income | 28.15M | 26.16M | 37.30M | -120.45M | 14.60M | -523.00K |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.59B | 4.84B | 4.56B | 3.89B | 3.79B |
| Cash, Cash Equivalents and Short-Term Investments | 530.07M | 530.07M | 534.30M | 198.57M | 52.88M | 43.84M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 186.13M | 218.13M |
| Total Liabilities | -4.29B | 299.55M | 377.65M | 170.92M | 305.61M | 309.85M |
| Stockholders Equity | 4.29B | 4.16B | 4.35B | 4.29B | 3.59B | 3.48B |
Cash Flow | ||||||
| Free Cash Flow | -144.51M | 292.48M | 19.38M | 137.46M | 19.77M | 20.50M |
| Operating Cash Flow | -129.62M | 363.89M | 102.06M | 150.57M | 22.68M | 43.78M |
| Investing Cash Flow | 32.56M | -70.92M | -1.18M | 91.08M | 20.59M | 6.91M |
| Financing Cash Flow | -27.13M | 0.00 | -52.74M | -249.60M | -49.41M | -50.84M |
FCS Software Solutions Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹1.86B | 8.58 | ― | ― | 47.26% | 23.41% | |
60 Neutral | ₹2.48B | 86.75 | ― | 0.70% | 84.95% | 0.61% | |
56 Neutral | ₹1.37B | 1.82 | ― | 0.41% | 6.99% | 462.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹2.16B | 11.14 | ― | 1.54% | 7.45% | 8.72% | |
41 Neutral | ₹1.11B | -45.94 | ― | ― | -73.73% | 99.90% | |
37 Underperform | ₹1.28B | -14.47 | ― | ― | -26.19% | -172.63% |
* General Sector Average
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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.