COMPUSOFT - Compucom Soft.
📢 Recent Corporate Announcements
Compucom Software reported a consolidated total income of ₹1,050.93 lakhs for Q3 FY26, marking an 11% growth YoY. Despite the revenue growth, the company swung to a consolidated net loss of ₹23.71 lakhs compared to a profit of ₹33.35 lakhs in the same quarter last year. This loss was influenced by an exceptional item of ₹45.88 lakhs related to the notification of new Labour Codes. However, the 9-month consolidated profit remains strong at ₹179.06 lakhs, significantly higher than the ₹62.96 lakhs recorded in the previous year's corresponding period.
- Consolidated Total Income rose 11% YoY to ₹1,050.93 lakhs from ₹945.94 lakhs.
- Reported a consolidated net loss of ₹23.71 lakhs for Q3 FY26 against a profit of ₹33.35 lakhs YoY.
- Standalone net profit declined sharply to ₹11.64 lakhs from ₹39.85 lakhs in the year-ago period.
- Recognized an exceptional charge of ₹45.88 lakhs due to the impact of new Government Labour Codes.
- The Hotel segment became fully operational during the quarter, contributing ₹14.09 lakhs to revenue compared to ₹1.38 lakhs in the previous quarter.
Compucom Software Limited has officially commenced commercial operations at its 'Hotel Ranavilas Palace' located in Sitapura, Jaipur, as of January 28, 2026. This move signifies a strategic expansion or diversification of the company's business interests into the hospitality sector. Management expects this new facility to contribute significantly to the company's growth during the FY 2025-26 period. Investors should note this transition as it introduces a new revenue stream outside of its traditional IT services.
- Commercial operations of Hotel Ranavilas Palace started on January 28, 2026.
- The facility is strategically located at 12-13, IT Park Rd, Sitapura Industrial Area, Jaipur.
- Management anticipates the project will support financial growth in FY 2025-26.
- Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Compucom Software Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms that all securities received for dematerialization during the quarter ended December 31, 2025, were processed within the mandatory 15-day window. This filing ensures that physical share certificates were properly cancelled and depository records were updated. Such filings are standard regulatory requirements for all listed companies in India to ensure transparency in shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation provided by Registrar and Transfer Agent (RTA), MCS Share Transfer Agent Limited.
- Verification that dematerialization requests were processed within the mandatory 15-day period.
- Confirms that physical certificates were mutilated and cancelled as per SEBI guidelines.
Compucom Software Limited has received a GST demand order totaling ₹17,43,198 from the Joint Commissioner of Circle-H, Jaipur II, for the financial year 2021-22. The demand stems from discrepancies between GSTR-1 and GSTR-3B filings, as well as turnover mismatches with TDS records. The company plans to appeal the major portion of the demand (₹15.82 lakh) while intending to deposit the smaller remaining balance. Management has clarified that this order does not pose a material financial impact on the company.
- Total GST demand of ₹17,43,198 including interest and penalty for FY 2021-22.
- Discrepancy of ₹15,82,658 identified between GSTR-3B/9C and GSTR-1 filings.
- Turnover mismatch of ₹1,60,540 noted between GSTR-3B and GSTR-7 (TDS) records.
- Company intends to contest the ₹15.82 lakh demand through an appeal with the appropriate authority.
Compucom Software Limited has announced the closure of its trading window effective from January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of un-audited financial results for the quarter ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives to prevent insider trading. The window will remain closed until 48 hours after the financial results are officially disclosed to the exchanges.
- Trading window closure begins on January 1, 2026, for the quarter ending December 31, 2025.
- Restriction applies to all designated persons and their immediate relatives as per SEBI norms.
- The window will reopen 48 hours after the declaration of un-audited financial results.
- Compliance follows BSE circular No. LIST/COMP/01/2019-20 and NSE circular No. NSE/CML/2019/11.
Financial Performance
Revenue Growth by Segment
Total segment revenue fell 54.23% to INR 29.21 Cr in FY25. Segment performance: Software & E-Governance (INR 1.15 Cr, -63.21%), Learning Solutions (INR 27.17 Cr, -54.02%), Wind Power (INR 0.80 Cr, -49.15%), and Hotel (INR 0.09 Cr, +146.56%).
Geographic Revenue Split
Domestic revenue (India) contributed 99.6% (INR 34.31 Cr), while overseas revenue (USA) contributed 0.4% (INR 0.14 Cr). Overseas revenue fell 80.1% YoY due to lower work orders.
Profitability Margins
Net Profit Margin improved slightly from 7.43% to 7.84% in FY25. However, Return on Equity (ROE) decreased from 3.36% to 1.63%, and Return on Capital Employed (ROCE) fell from 4.67% to 4.47% due to lower absolute net profit.
EBITDA Margin
Operating profitability (PBILDT) margin was historically healthy at 21% in FY23; current margins remain stable despite a 48.97% drop in total income to INR 34.45 Cr.
Capital Expenditure
Ongoing capex projects are primarily funded through internal accruals. The company may rely on external debt for future projects if cash accruals remain limited.
Credit Rating & Borrowing
CARE reaffirmed 'CARE BBB-; Stable' for long-term facilities and 'CARE A3' for short-term facilities in June 2025. Total bank facilities are INR 21.50 Cr.
Operational Drivers
Raw Materials
IT Hardware and stock-in-trade for ICT projects represent approximately 45.05% of total revenue (based on FY24 figures of INR 30.41 Cr).
Import Sources
Software execution facilities are located in the USA, while ICT hardware is primarily sourced domestically for Indian government contracts.
Capacity Expansion
Current workforce stands at 537 employees as of March 31, 2025. Ongoing capex projects are aimed at fulfilling service delivery for government contracts.
Raw Material Costs
Purchase of stock-in-trade was INR 30.41 Cr in FY24 (45.05% of revenue). Procurement is project-specific, tied to the execution of tender-based government contracts.
Manufacturing Efficiency
Inventory turnover ratio decreased from 516.01 to 328.56 in FY25, reflecting a significant decrease in annual sales volume.
Strategic Growth
Growth Strategy
Growth is driven by securing state government tenders for ICT and Computer Aided Learning (CALP/CATP) projects, leveraging a 20-year track record in Rajasthan and Bihar.
Products & Services
ICT education services, e-governance software, wind power generation, and hotel services.
Brand Portfolio
Compucom Software Limited, CSL Infomedia Private Limited.
Market Expansion
The company focuses on domestic expansion through state-level government digitization projects in India.
External Factors
Industry Trends
Increasing adoption of digital-first education and Computer Aided Learning (CALP) in public schools; the industry is shifting toward large-scale government-led ICT deployments.
Competitive Landscape
Intense competition in IT services and learning solutions from both local and national ICT providers.
Competitive Moat
Durable advantage through a 20-year track record and established relationships with state governments, creating high barriers to entry for new competitors.
Macro Economic Sensitivity
Highly sensitive to government fiscal policies and education budget allocations for ICT infrastructure.
Consumer Behavior
Shift toward digital tools in public education sectors, driving demand for the Learning Solutions segment.
Geopolitical Risks
Domestic political instability or changes in state government leadership could disrupt 99.6% of the company's revenue stream.
Regulatory & Governance
Industry Regulations
Operations are governed by state government tender rules and Ind AS 34 financial reporting standards.
Environmental Compliance
Operates in the renewable energy sector via wind power generation (INR 0.80 Cr revenue in FY25).
Risk Analysis
Key Uncertainties
Fluctuating earnings (revenue fell 48.97% YoY) due to the timing of government contract execution and income recognition peculiarities.
Geographic Concentration Risk
99.6% of revenue (INR 34.31 Cr) is concentrated in India, primarily within specific states like Rajasthan.
Third Party Dependencies
Critical dependency on state government departments for contract awards and timely payments.
Technology Obsolescence Risk
Risk of ICT solutions becoming outdated; requires continuous workforce training for 537 employees to maintain service standards.
Credit & Counterparty Risk
Long collection periods from State Governments pose a liquidity risk, though currently mitigated by internal accruals and low debt.