Ksolves India Ltd is in the Information Technology Software sector with the Market Capitalization of worth Rs. 381.23 crores, it is incorporated in the year 2012. It has reported consolidated sales of Rs. 9.94 crores in June’2021. The company is listed on National Stock Exchange (NSE) with the code KSOLVES. However, It is not listed on the Bombay Stock Exchange (BSE).
Ksolves is an enterprise software developer having its headquarters in Noida. In 9 years since its inception, Ksolves has built an impressive clientele from various parts of the world like the USA, Europe, Australia, and Middle East Asia. Ksolves Ltd has two branches in India with one located in Noida (also the head office of Ksolves India Ltd) and the second one in Indore. Ksolves India Ltd also installed its onshore sales centers in countries like the USA and Mozambique. Ksolves India Ltd works primarily on advanced technology such as Big Data, SalesForce, Apache NiFi, Spark, Cassandra, etc. Ksolves offers various services to its clients such as application & software development, healthcare application development, ReactJS development, ERP development, ERP migration, etc. The promoters of the company own 68.01% of the stake in the company, Foreign Institutional Investors (FII) own 0.02%, Domestic Institutional Investors (DII) do not own any stake in the company, and others (such as public & retail investors) hold the balance of 31.97%.
In June 2021, quarterly net revenue was Rs. 9.6 crores, which has increased by approximately 126.95 % from Rs. 4.23 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 4 crores, which has improved by nearly 354.55% from a net loss of Rs. 0.88 crores in June 2020. In June 2021, the reported operating profit was at Rs. 9.01 crores, which is also increased by 165.00% as compared to an operating profit of Rs. 3.4 crores for the quarter ending in June 2020. From Rs. 2.03 in June 2020, the EPS of Ksolves India Ltd has improved and reached Rs. 6.75 per share in June 2021. KSOLVES’s stock closed at Rs. 643.10 on 18th August’2021 (NSE) and has returned 309.93% in the last six months and 1797.05% in the previous year.