Ksolves India Ltd (KSOLVES) AI Stock Analysis

Ksolves India Ltd

(NSE:KSOLVES)

Select Model

Rating:64Neutral

Price Target:INR 235.00▲(17.44% Upside)

Action:reiterated

Date:10/24/26

The overall score of 64 reflects a company with strong financial foundations and attractive valuation, offset by significant profitability concerns and very weak near-term price momentum. The primary strength is the robust, debt-light balance sheet and excellent cash flow generation, which provide stability. The attractive P/E and high dividend yield are also key positives. However, the most significant risk is the severe contraction in profit margins, which questions future earnings power. This fundamental concern is mirrored in the technical analysis, where the stock is in a clear downtrend across all timeframes, creating a contradictory picture of a cheap stock with negative momentum.

Positive Factors

Long-term Revenue GrowthRevenue has expanded substantially across the five-year period, indicating that Ksolves has grown its client delivery base and technology-services business. This scale provides a stronger platform for recurring support work, new project wins, and continued investment in software engineering capabilities.

Negative Factors

Slowing Revenue GrowthThe deceleration in annual revenue growth signals that the earlier expansion rate is moderating. If this slower pace persists, Ksolves may have less operating leverage and fewer opportunities to compound earnings rapidly, making sustained client acquisition and project growth increasingly important.

Ksolves India Ltd (KSOLVES) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.87B
Dividend Yield: 4.99%
Average Volume (3M): 3,553
Price to Earnings (P/E): 13.2
Beta (1Y): 1.53
Revenue Growth: 10.91%
EPS Growth: 15.87%
Country: India
Employees: 600
Sector: General
Sector Strength: 55
Industry: Software - Application

Ksolves India Ltd Business Overview & Revenue Model

Company Description

Ksolves India Limited, an enterprise based in Noida, India, and established in 2012, specializes in delivering a wide array of software development, consultancy, and related solutions. The company extends its expertise globally, serving clients acros...

How the Company Makes Money

Ksolves primarily makes money by delivering IT services to clients under commercial contracts, typically billed either on a time-and-materials basis (charging for engineering hours/resources consumed), fixed-price project basis (charging an agreed pr...

Ksolves India Ltd Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is strong (Score 85) with low debt and high ROE, and cash flow generation is robust (Score 80) with excellent conversion. However, the income statement (Score 52) shows significant margin compression, with gross margin falling from 66% to 28%, which is a major concern. The overall financial health is sound but profitability trends weigh on the score.

Income Statement

52Neutral

Balance Sheet

85Very Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.65B	1.63B	1.37B	1.09B	783.12M	470.69M
Gross Profit	534.88M	822.68M	644.87M	627.28M	423.95M	285.59M
EBITDA	498.61M	491.60M	208.15M	467.88M	336.91M	213.60M
Net Income	359.40M	343.31M	343.20M	341.54M	247.20M	158.94M
Balance Sheet
Total Assets	583.74M	620.52M	563.84M	395.57M	340.88M	236.19M
Cash, Cash Equivalents and Short-Term Investments	177.41M	70.78M	104.84M	73.45M	86.38M	69.25M
Total Debt	33.67M	57.00M	142.22M	0	0	0
Total Liabilities	176.93M	326.67M	356.30M	157.24M	117.04M	70.08M
Stockholders Equity	406.81M	293.85M	207.54M	238.32M	223.84M	166.76M
Cash Flow
Free Cash Flow	0	283.20M	268.81M	310.57M	201.31M	96.35M
Operating Cash Flow	0	299.12M	341.14M	332.40M	207.13M	101.77M
Investing Cash Flow	0	-7.95M	-75.93M	-18.97M	-2.25M	9.25M
Financing Cash Flow	0	-326.20M	-234.07M	-326.04M	-188.07M	-122.96M

Ksolves India Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price200.10

Price Trends

50DMA250.42Negative

100DMA266.47Negative

200DMA275.42Negative

Market Momentum

MACD-13.05Positive

RSI22.65Positive

STOCH6.97Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KSOLVES, the sentiment is Negative. The current price of 200.10 is below the 20-day moving average (MA) of 234.09, below the 50-day MA of 250.42, and below the 200-day MA of 275.42, indicating a bearish trend. The MACD of -13.05 indicates Positive momentum. The RSI at 22.65 is Positive, neither overbought nor oversold. The STOCH value of 6.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KSOLVES.

Ksolves India Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KSOLVES against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:INNOVANA	74Outperform	INR 6.05B	20.29	―	―	26.01%	-34.49%
IN:SOFTTECH	72Outperform	INR 5.69B	113.86	―	―	35.77%	200.01%
IN:KELLTONTEC	67Neutral	INR 5.79B	6.53	―	―	9.34%	2.71%
IN:INFOBEAN	65Neutral	INR 13.31B	9.09	―	0.72%	35.59%	40.03%
IN:KSOLVES	64Neutral	INR 4.75B	13.18	―	4.99%	10.91%	15.87%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:XTGLOBAL	53Neutral	INR 3.41B	30.42	―	0.40%	33.41%	8.12%

* General Sector Average

Performance Comparison

IN:KSOLVES and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KSOLVES	Ksolves India Ltd	200.10	-107.52	-34.95%
IN:INFOBEAN	InfoBeans Technologies Ltd.	137.29	-19.18	-12.26%
IN:INNOVANA	Innovana Thinklabs Ltd.	293.00	-202.90	-40.92%
IN:KELLTONTEC	Kellton Tech Solutions Ltd.	10.90	-10.65	-49.42%
IN:SOFTTECH	SoftTech Engineers Ltd.	410.95	49.10	13.57%
IN:XTGLOBAL	XTGlobal Infotech Ltd.	25.40	-14.09	-35.68%

Ksolves India Ltd Corporate Events

Ksolves India Shares Q2 FY27 Investor Call Recording With Stakeholders

Oct 23, 2026

Ksolves India Ltd has announced the outcome of its Q2 FY 2027 investor conference call, held on October 23, 2026, via an audio call. The company has released a recording of the session for stakeholders and will host the audio file on its official web...

Ksolves India Posts Profit Growth, Secures AI Partnerships Despite Q2 Revenue Dip

Oct 23, 2026

Ksolves India Limited reported consolidated H1 FY27 revenue of ₹79.24 crore, up 2.5% year-on-year, and profit after tax of ₹16.45 crore, up 10.9% with a PAT margin of 20.8%, despite Q2 FY27 revenue softness driven by client-specific ramp-...

Ksolves India to Present Q2 and Half-Year FY27 Results on October 23

Oct 13, 2026

Ksolves India Limited, a global IT services and solutions provider specializing in digital transformation, AI and machine learning, big data, cloud, Salesforce, Odoo, analytics and DevOps, operates from India with additional offices in the USA, UAE a...

Ksolves Wins USD 0.5 Million Agentic AI Mandate from Guyana’s Demerara Bank

Sep 28, 2026

Ksolves India Ltd has secured an international IT services contract worth about USD 0.5 million from Demerara Bank Limited in Guyana to implement an Agentic AI solution and its underlying technology infrastructure. The seven‑month project deepe...

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.

Date of analysis: Oct 24, 2026

Ksolves India Ltd AI Stock Analysis