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Nucleus Software Exports Limited
(NUCLEUS)
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Rating:69Neutral
Price Target:
₹765.00
▲(5.81% Upside)
Action:Reiterated
Date:09/12/26
The score is supported by strong financial stability (very low leverage) and generally good profitability history, but is held back by the latest-year profitability step-down, decelerating growth, and choppy cash flow. Technically, the stock is in a downtrend below major moving averages with weak momentum, which meaningfully pressures the overall rating despite reasonable valuation.
Positive Factors
Conservative balance sheet
Minimal leverage and a growing equity base provide substantial financial flexibility. This reduces balance-sheet strain, supports continued investment in products and customer delivery, and gives the company greater resilience if banking technology spending or operating performance weakens.
Negative Factors
Growth momentum has slowed
The shift from strong expansion to low-single-digit growth signals reduced momentum in the company’s core business. If this persists, slower customer additions or expansion could limit operating leverage, reduce reinvestment capacity, and make sustained earnings growth more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal leverage and a growing equity base provide substantial financial flexibility. This reduces balance-sheet strain, supports continued investment in products and customer delivery, and gives the company greater resilience if banking technology spending or operating performance weakens.
Read all positive factors
Nucleus Software Exports Limited (NUCLEUS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.91B
Dividend Yield1.89%
Average Volume (3M)1.22K
Price to Earnings (P/E)16.6
Beta (1Y)1.25
Revenue Growth1.66%
EPS Growth-37.05%
CountryIN
Employees1,890
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)40.04
Shares Outstanding26,325,306
10 Day Avg. Volume754
30 Day Avg. Volume1,215
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)2.10
Price to Sales (P/S)2.17
P/FCF Ratio20.77
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)57.7
Revenue Forecast (FY)₹9.50B
Nucleus Software Exports Limited Business Overview & Revenue Model
Company Description
Nucleus Software Exports Limited, established in Noida, India, in 1986, is a prominent provider of essential software solutions for the financial services industry. The company delivers crucial lending and transaction banking products to clients s...
How the Company Makes Money
NUCLEUS primarily makes money by selling and supporting its banking software products to financial institutions. Key revenue streams typically include: (1) Software licensing or subscription fees for the use of its core platforms (often structured...
Nucleus Software Exports Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
91
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.69B | 8.76B | 8.32B | 8.26B | 6.34B | 4.97B |
| Gross Profit | 1.71B | 2.09B | 2.98B | 3.31B | 1.88B | 765.00M |
| EBITDA | 1.51B | 1.29B | 1.68B | 2.71B | 1.91B | 713.70M |
| Net Income | 1.05B | 1.17B | 1.63B | 1.92B | 1.28B | 409.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.66B | 11.53B | 11.14B | 8.74B | 7.37B |
| Cash, Cash Equivalents and Short-Term Investments | 4.14B | 4.14B | 3.60B | 4.01B | 2.77B | 3.41B |
| Total Debt | 0.00 | 85.50M | 20.00M | 45.90M | 62.60M | 23.30M |
| Total Liabilities | -9.07B | 3.59B | 3.39B | 3.37B | 2.64B | 2.43B |
| Stockholders Equity | 9.07B | 9.07B | 8.14B | 7.77B | 6.11B | 4.94B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 915.70M | 1.36B | 1.93B | 461.40M | 334.30M |
| Operating Cash Flow | 0.00 | 1.20B | 1.51B | 2.22B | 498.40M | 576.70M |
| Investing Cash Flow | 0.00 | -551.10M | -207.80M | -1.97B | -127.00M | 1.59B |
| Financing Cash Flow | 0.00 | -365.00M | -1.26B | -301.60M | -226.50M | -2.13B |
Nucleus Software Exports Limited Technical Analysis
Negative
723.00
Price Trends
713.78
Negative
734.77
Negative
785.42
Negative
Market Momentum
-13.78
Positive
26.21
Positive
14.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NUCLEUS, the sentiment is Negative. The current price of 723 is above the 20-day moving average (MA) of 703.71, above the 50-day MA of 713.78, and below the 200-day MA of 785.42, indicating a bearish trend. The MACD of -13.78 indicates Positive momentum. The RSI at 26.21 is Positive, neither overbought nor oversold. The STOCH value of 14.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NUCLEUS.
Nucleus Software Exports Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹153.53B | 44.63 | ― | 1.36% | 22.26% | -0.41% | |
74 Outperform | ₹69.27B | 21.29 | ― | 1.27% | 7.88% | -1.77% | |
73 Outperform | ₹54.45B | 46.05 | ― | 0.19% | 29.74% | 25.01% | |
69 Neutral | ₹17.91B | 16.58 | ― | 1.89% | 1.66% | -37.05% | |
62 Neutral | ₹88.89B | 24.91 | ― | 0.63% | 22.59% | -0.57% | |
56 Neutral | ₹21.82B | 50.79 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:NUCLEUS
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Nucleus Software Exports Limited Corporate Events
Nucleus Software Grants 9,060 RSUs Under 2026 Equity Incentive Scheme
Aug 2, 2026
Nucleus Software Exports Limited has granted 9,060 restricted stock units under its Nucleus Software RSU Scheme 2026, each convertible into one equity share with a face value of Rs. 10. The grant, approved by the company’s Nomination and Rem...
Nucleus Software Sets July 27 Virtual AGM, Releases FY 2025-26 Integrated Report
Jul 2, 2026
Nucleus Software Exports Limited has released its integrated annual report, including the Business Responsibility and Sustainability Report, for the financial year 2025-26 and circulated the notice for its 37th Annual General Meeting. The AGM will...
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.