Oracle Financial Services Software Limited (OFSS) is a subsidiary of Oracle Corporation (based in the United States). OFSS’s main focus areas are developing and marketing software solutions for enterprise clients in the banking sector. The company has a presence in more than 145 countries with more than 1,000 employees. The company was founded in 1990 and has its headquarters in Mumbai.
On 5 January 2023, the market capitalisation of the company was Rs 25,881.11 crore. It reported consolidated sales of Rs 1,001.99 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 532466 and the National Stock Exchange with the code OFSS.
The promoters of Narayana Health currently hold approximately 73% of the company. There is no foreign institutional investors’ investment in the company. Various domestic mutual funds hold around 5.03% of the company. The total public stake in the company is approximately 21.16%. The stake of the public has grown steadily over the past year (Since September 2021).
S Venkatachalam is the chairman of the company and a whole-time director, and Chaitanya Kamat is the CEO and managing director. Makarand Padalkar, Harinderjit Singh, Kimberly Woolley, Richard Jackson, and Sridhar Srinivasan are the other directors of the company. Mukund M Chitale & Co. are the auditors of OFSS. As of September 2022, the company had around 8.64 crore shares outstanding.
On 5 January 2023, Oracle Financial Services Software’s share price on NSE was Rs 2,995.50 and Rs 2,996.80 on BSE. The share price touched a 52-week high of Rs 4,232.55 and a 52-week low of Rs 2,883.80. Its three-month return to investors was 0.01%, while its one-year return was -26.04%. The company’s total operating income fell 10% quarter-on-quarter during the fourth quarter of FY23.
As of November 2022, HDFC Mid-Cap Opportunities Direct Plan Growth has invested Rs 365.68 crore in the company. Other prominent mutual funds with investments in OFSS include Parag Parikh Flexi Cap Direct-G, with an investment of Rs 129.81 crore, and Tata Equity PE Direct-G, with an investment of Rs 82.05 crore in the company.
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Oracle Financial Services Software share price as on 27 Jul 2024 is Rs. 11093.65. Over the past 6 months, the Oracle Financial Services Software share price has increased by 65.4% and in the last one year, it has increased by 188.58%. The 52-week low for Oracle Financial Services Software share price was Rs. 3779.25 and 52-week high was Rs. 11395.95.
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