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Ksolves India Limited (KSOLVES)

₹255.63 +3.03% last close, 16 Oct

📊 NSE: KSOLVES 🏢 Computers - Software - Medium / Small 📢 Latest filing: 28 Sep 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 23 Oct 2026 (board meeting)

Ksolves India Limited's board meets on 23 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Ksolves India's revenue was ₹41.4 Cr (+10.0% year on year, -3.7% on the previous quarter), and net profit ₹9.2 Cr (+43.3% year on year); the operating margin was 30.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹41.4	+10.0%	-3.7%
Operating profit	₹12.6	+26.2%	-0.3%
Net profit	₹9.2	+43.3%	-5.0%
EPS (₹)	3.88	+43.2%	-5.1%
Operating margin	30.3%	—	—

Full quarterly financials → Results calendar →

KSOLVES delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 40.58% of the KSOLVES shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.73%. That is lower than usual for this stock. Turnover was only ₹91 lakh, so a handful of trades can move this figure.

40.58%Delivery, 16 Oct

55.73%Own 20-session average

1.1×Volume vs its average

₹255.63NSE close · +3.03%

Delivery in the last 5 sessions: 49.2% · 43.7% · 50.0% · 55.4% · 40.6%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Ksolves Secures USD 0.5 Million Agentic AI Contract from Demerara Bank

🟢 POSITIVE ⭐ 5/10

OTHER 📅 28 Sep 2026, 09:56 AM

Ksolves India Limited has secured an international IT services order worth approximately USD 0.5 million (~Rs 4.2 Cr) from Guyana-based Demerara Bank Limited. The contract entails implementing an Agentic AI solution along with underlying technology infrastructure over an execution timeframe of 7 months. Relative to Ksolves' TTM revenue of Rs 161 Cr, the order value represents roughly ~2.6%, providing incremental revenue visibility. The deal reinforces the company's stated strategic push into higher-margin, niche AI/ML technology offerings.

Received an international order valued at approximately USD 0.5 million
Contract awarded by Guyana's Demerara Bank Limited for an Agentic AI solution
Execution timeline set at 7 months from receipt
Order size translates to ~2.6% of Ksolves' TTM revenue of Rs 161 Cr

💡 Track execution progress and milestones over the 7-month delivery window, alongside subsequent quarterly commentary on margin accretion from AI/ML projects.

Ksolves Highlights FY26 Revenue of ₹162.67 Cr and AI Pivot in AGM Chairman's Speech

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Sep 2026, 01:59 PM

Ksolves India disclosed its Chairman's Speech from the 12th AGM, highlighting FY26 performance and strategic initiatives. Consolidated FY26 revenue reached ₹162.67 Cr, up 18.4% YoY, while net profit remained flat at ₹34.33 Cr compared to ₹34.32 Cr in the prior year. The company emphasized an 'AI First' strategy, noting that over 80% of active projects now incorporate AI, backed by a Claude certification push and new CoE. Capital returns remained high with ₹11 per share paid across three interim dividends (total ₹26.08 Cr) and reported ROCE of 152%.

FY26 consolidated revenue grew 18.4% to ₹162.67 Cr vs ₹137.43 Cr in the previous year
Net profit stood flat at ₹34.33 Cr vs ₹34.32 Cr, with EPS at ₹14.48
More than 80% of active projects now include AI, supported by a newly established AI Centre of Excellence
Total dividends of ₹11 per share paid during FY26, representing a cash outflow of ₹26.08 Cr
Reported FY26 return metrics include ROCE of 152% and ROE of 137%

💡 Track the upcoming Q2 FY27 earnings for signs of margin expansion from fixed-price contracts and monetization of the Claude/AI-first offerings.

Ksolves Shareholders Approve Re-appointment of Two Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 26 Sep 2026, 01:29 PM

Ksolves India Limited announced that shareholders approved the re-appointment of two Non-Executive Independent Directors at its 12th Annual General Meeting held on September 26, 2026. Ms. Sushma Samarth has been re-appointed for a 5-year term effective from November 15, 2026, to November 14, 2031. Additionally, Mr. Vineet Krishna was re-appointed for a 5-year term running from May 31, 2027, to May 30, 2032. The continuity on the board provides stability for corporate governance across the company's operations.

Re-appointment of Ms. Sushma Samarth as Independent Director for a 5-year term from November 15, 2026, to November 14, 2031
Re-appointment of Mr. Vineet Krishna as Independent Director for a 5-year term from May 31, 2027, to May 30, 2032
Both re-appointments were approved by members at the 12th AGM held on September 26, 2026
Neither director is debarred by SEBI or related to any other director on the board

💡 Track the upcoming quarterly financial results and operational updates on key practices like Odoo and Salesforce for operational performance cues.

Ksolves India Schedules 12th AGM on Sep 26, 2026; E-Voting Cut-Off Sep 19

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 10:19 PM

Ksolves India Limited has issued the notice for its 12th Annual General Meeting (AGM) scheduled for September 26, 2026, via Video Conferencing. Ordinary and special business include the adoption of FY26 audited financial statements and the reappointment of Whole-time Director Ms. Deepali Verma (remuneration of Rs. 1.00 Cr p.a.). The notice also seeks shareholder approval for second 5-year terms for Independent Directors Ms. Sushma Samarth and Mr. Vineet Krishna. The cut-off date to determine remote e-voting eligibility is September 19, 2026.

12th AGM scheduled for September 26, 2026, at 11:00 AM IST via Video Conferencing.
Remote e-voting window opens September 23, 2026 (9:00 AM) and closes September 25, 2026 (5:00 PM).
Cut-off date for remote e-voting eligibility set as September 19, 2026.
Proposed reappointment of Independent Directors Ms. Sushma Samarth and Mr. Vineet Krishna for second 5-year terms.
Ms. Deepali Verma holds 64,32,798 equity shares with last drawn remuneration of Rs. 1,00,00,000 per annum.

💡 Eligible shareholders as of the September 19, 2026 cut-off can participate in remote e-voting between September 23 and September 25, 2026.

Ksolves India Schedules 12th AGM for Sep 26, 2026; E-Voting Cutoff on Sep 19

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 10:14 PM

Ksolves India Limited has issued the notice for its 12th Annual General Meeting (AGM) scheduled for September 26, 2026, to be held via Video Conferencing. The cut-off date to determine eligibility for remote e-voting is September 19, 2026, with the voting window open from September 23 to September 25, 2026. Key agenda items include the adoption of FY26 audited financial statements and the re-appointment of directors, including Whole-Time Director Ms. Deepali Verma and Independent Directors Ms. Sushma Samarth and Mr. Vineet Krishna for second 5-year terms.

12th AGM scheduled for Saturday, September 26, 2026 at 11:00 AM IST via VC/OAVM
Cut-off date for remote e-voting eligibility set as September 19, 2026
Remote e-voting window runs from September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
Proposals include re-appointment of Independent Directors Ms. Sushma Samarth and Mr. Vineet Krishna for 5-year consecutive terms
Ms. Deepali Verma (holding 64,32,798 equity shares; last drawn remuneration Rs. 1,00,00,000 p.a.) proposed for re-appointment as Whole-Time Director

💡 Eligible shareholders holding shares as of September 19, 2026, can cast their votes electronically between September 23 and September 25, 2026, or attend the virtual AGM on September 26, 2026.

Ksolves India Reappoints Independent Directors for 5-Yr Terms, Sets AGM for Sept 26, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Sep 2026, 04:37 PM

Ksolves India Limited announced the outcome of its Board meeting held on September 03, 2026. The Board approved the reappointment of Ms. Sushma Samarth as Non-Executive Independent Director for a 5-year term effective November 15, 2026. Additionally, Mr. Vineet Krishna was reappointed as Non-Executive Independent Director for a 5-year term effective May 31, 2027. Both reappointments are subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 26, 2026.

Re-appointment of Ms. Sushma Samarth as Independent Director for 5 years from November 15, 2026
Re-appointment of Mr. Vineet Krishna as Independent Director for 5 years from May 31, 2027
Annual General Meeting for FY26 scheduled to be held on Saturday, September 26, 2026
Both 5-year director re-appointments remain subject to shareholder approval at the ensuing AGM

💡 Track shareholder voting outcomes at the upcoming AGM on September 26, 2026, along with dispatch of the annual report and AGM notice.

Ksolves Reports Compliance with SDD Regulations; 01 UPSI Event Captured in Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 30 Jul 2026, 05:14 PM

Ksolves India Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026. This filing is a mandatory requirement under SEBI (Prohibition of Insider Trading) Regulations to ensure that Unspecified Price Sensitive Information (UPSI) is tracked and handled securely. The company confirmed that 01 event was required to be captured and was successfully recorded in its internal, non-tamperable database. This is a routine administrative filing confirming adherence to governance standards.

Confirmed the maintenance of a non-tamperable Structured Digital Database (SDD) for the quarter ended June 30, 2026
Captured 01 specific event involving Unspecified Price Sensitive Information (UPSI) during the quarter
Maintains an audit trail for a period of 8 years as per SEBI (PIT) Regulations
Verified that internal controls exist to restrict access to the digital database

💡 This is a routine procedural filing. Investors should monitor the company's upcoming quarterly financial results to see if the 20% expected growth rate is being maintained.

Ksolves Q1 FY27: Revenue growth guidance cut to 4-5% after losing two major clients

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 22 Jul 2026, 07:26 PM

Ksolves reported Q1 FY27 revenue of ₹41.4 cr, up 10% YoY but down 3.7% sequentially. Management significantly lowered its FY27 revenue growth guidance from 18-20% to just 4-5% following the loss of two key customers and global macro caution. Despite the revenue softness, EBITDA margins remained strong at 30.3%, and the company remains debt-free with ₹17 cr in cash. The company is focusing on AI initiatives and has strengthened its global sales leadership to rebuild the pipeline, which currently stands at approximately $1 million.

Revenue of ₹41.4 cr grew 10% YoY but moderated 3.7% sequentially due to client ramp-downs.
FY27 revenue growth guidance slashed to a maximum of 4-5% from the previously targeted 18-20%.
EBITDA margin expanded by 389 bps YoY to 30.3%, reaching the upper end of the 25-30% target range.
Current deal pipeline is valued at approximately $1 million, including two specific deals of $300k and $250k.
PAT grew 43.3% YoY to ₹9.21 cr, though it fell 5% sequentially in line with revenue.

💡 Monitor the conversion of the $1 million pipeline and the impact of new sales leadership in North America over the next two quarters to see if growth can be restored by FY28.

100% Demat Status Confirmed in Ksolves India's Q1 FY27 Regulatory Filing

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Jul 2026, 06:52 PM

Ksolves India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended June 30, 2026. The company's Registrar and Share Transfer Agent, Bigshare Services Pvt Ltd, confirmed that the regulation is currently not applicable as the entire shareholding is already in dematerialized form. No requests for rematerialization were received during the three-month period. This is a standard procedural filing with no impact on the company's financial health or business operations.

Quarterly compliance certificate submitted for the period ended June 30, 2026
100% of the company's shares are confirmed to be in dematerialized form
Zero requests for rematerialization were received during the quarter
Certificate issued by Registrar and Share Transfer Agent, Bigshare Services Pvt Ltd, dated July 7, 2026

💡 This is a routine administrative filing. Investors should monitor the company's upcoming quarterly financial results to track its 20% growth target and Odoo practice expansion.

Ksolves Releases Q1 FY27 Investor Conference Call Recording Link

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 15 Jul 2026, 08:16 PM

Ksolves India Limited has disclosed the video recording link for its Q1 FY27 investor conference call held on July 15, 2026. This routine filing provides transparency into management's discussion regarding the company's performance and strategy. The company currently operates with a TTM revenue of Rs 153 Cr and a healthy operating margin of 28.9%. Investors can access the recording to understand the progress of their Odoo practice, which employs over 120 developers, and their North American operations which contribute 64.8% of revenue.

Investor conference call for Q1 FY '27 concluded on July 15, 2026, at 4:00 P.M. IST
Video recording link made available to all stakeholders via the company website as per SEBI Regulation 30
Company continues to leverage its Odoo practice consisting of 120+ developers for growth
North American market remains the primary revenue driver at 64.8% of total sales
Management maintains a target growth rate of approximately 20% through niche technology offerings

💡 Investors should review the recording to assess management's commentary on talent retention in AI/ML and the sustainability of the 28.9% operating margins in a competitive IT environment.

Ksolves Q1 FY27: 10% YoY Revenue Growth to ₹41.44 Cr; FY27 Guidance Withdrawn

🔵 WATCH ⭐ 7/10

EARNINGS 📅 15 Jul 2026, 12:24 PM

Ksolves India reported a 10% YoY increase in Q1 FY27 revenue to ₹41.44 Cr, though revenue declined 3.7% sequentially due to reduced technology spending by large clients. Profitability remained strong with EBITDA margins expanding to 30.3% (up 389 bps YoY) and PAT growing 43.3% YoY to ₹9.21 Cr. However, management has withdrawn its FY27 revenue guidance, citing limited near-term visibility and expected revenue softness for the next 2-3 quarters. The company declared a first interim dividend of ₹4 per share.

Consolidated Revenue from Operations stood at ₹41.44 Cr, a 10% YoY growth but a 3.7% QoQ decline.
EBITDA Margin expanded to 30.3% from 26.4% in the previous year, driven by AI-enabled delivery and cost optimization.
Profit After Tax (PAT) reached ₹9.21 Cr, representing a 43.3% YoY increase despite a 5% sequential drop.
North America revenue contribution increased to 63% in Q1 FY27 compared to 58% in Q1 FY26.
Declared a first interim dividend of ₹4 per share for FY27.

💡 Investors should monitor the next two quarters closely for signs of revenue stabilization following the withdrawal of FY27 guidance. Key metrics to watch include the conversion of the AI-driven pipeline and the impact of new leadership hires in North America.

Ksolves Q1 FY27: PAT up 43% YoY to ₹9.21 Cr; ₹4 Dividend; Cautions on Near-Term Revenue

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 15 Jul 2026, 12:01 PM

Ksolves reported a resilient Q1 FY27 with revenue growing 10% YoY to ₹41.44 Cr, though it declined 3.7% sequentially due to client ramp-downs. Profitability remained strong as EBITDA margins expanded to 30.3% (up 389 bps YoY), leading to a 43.3% YoY increase in PAT to ₹9.21 Cr. The board declared a first interim dividend of ₹4 per share. However, management warned of potential revenue softness over the next 2-3 quarters as certain large clients recalibrate technology investments.

Revenue reached ₹41.44 Cr, up 10% YoY but down 3.7% QoQ, representing ~27% of TTM revenue.
EBITDA margin expanded to 30.3%, a significant improvement from 26.4% in the same quarter last year.
PAT grew 43.3% YoY to ₹9.21 Cr, supported by AI-enabled delivery improvements and cost discipline.
Declared a first interim dividend of ₹4 per share for FY27.
AI components are now integrated into over 80% of active client engagements via the En(AI)bling framework.

💡 Investors should monitor the duration of the 'revenue softness' mentioned by management and track if new leadership in North America can offset the current client ramp-downs.

Rs 4 per share: Ksolves declares 1st Interim Dividend for FY 2026-27; Record Date July 21

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 15 Jul 2026, 11:47 AM

Ksolves India Limited has declared its first interim dividend of Rs 4 per equity share for the financial year 2026-27. This payout represents a yield of approximately 1.34% based on the current market price of Rs 297.9. The company has fixed July 21, 2026, as the record date to determine shareholder eligibility. This distribution is supported by the company's healthy TTM EPS of Rs 12.86 and a strong operating margin of 28.9%.

Declared 1st Interim Dividend of Rs 4 per fully paid-up equity share for FY 2026-27
Record date for dividend eligibility is fixed for July 21, 2026
Dividend yield stands at approximately 1.34% relative to the current price of Rs 297.9
Payout is backed by a TTM PAT of Rs 30 Cr and TTM EPS of Rs 12.86
Board meeting for the declaration was held on July 15, 2026

💡 Investors should note the record date of July 21, 2026; the stock will typically trade ex-dividend one business day prior. Monitor upcoming quarterly results to see if the 28.9% operating margin is maintained to support future payouts.

Ksolves Q1 PAT Grows 43% YoY to ₹9.21 Cr; Declares ₹4 Interim Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 15 Jul 2026, 11:44 AM

Ksolves India Limited reported a robust 43.2% YoY increase in consolidated net profit to ₹9.21 Cr for Q1 FY27, up from ₹6.43 Cr in the previous year. Consolidated revenue from operations grew 10% YoY to ₹41.44 Cr, although it saw a slight sequential decline of 3.7% from Q4 FY26. The board declared a first interim dividend of ₹4 per share, which is notable given the quarterly EPS of ₹3.88. Employee benefit expenses remain the largest cost component at ₹21.54 Cr, representing approximately 52% of total revenue.

Consolidated Net Profit increased 43.2% YoY to ₹9.21 Cr from ₹6.43 Cr.
Revenue from operations grew 10% YoY to ₹41.44 Cr compared to ₹37.67 Cr in Q1 FY26.
Declared a first interim dividend of ₹4 per share with a record date of July 21, 2026.
Consolidated EPS improved to ₹3.88 from ₹2.71 in the year-ago period.
Total expenses were contained at ₹29.95 Cr, with employee costs at ₹21.54 Cr.

💡 Investors should monitor the company's ability to reverse the slight sequential revenue decline in upcoming quarters. The high dividend payout relative to earnings suggests a mature cash-flow profile despite the small-cap status.

Ksolves India schedules Q1FY27 earnings call for July 15, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 03:35 PM

Ksolves India has scheduled its Q1FY27 earnings conference call for July 15, 2026, at 4:00 PM IST. This follows a strong performance trend where revenue grew from Rs 33.3 cr in Mar 2025 to Rs 42.3 cr in Dec 2025. Investors will be looking for updates on the company's 20% growth target and the performance of its Odoo practice, which employs over 120 developers. The call is a standard procedure for the company to discuss financial results and future outlook with the investment community.

Earnings conference call scheduled for July 15, 2026, at 16:00 IST
Company maintains a 20% expected growth rate target
North American market accounts for 64.8% of total revenue
Odoo practice currently utilizes a team of 120+ developers
TTM revenue stands at Rs 153 Cr with an operating margin of 28.9%

💡 Investors should monitor the Q1FY27 financial results and management commentary on the scalability of the business model, specifically if revenue growth continues without significant headcount increases.

View All KSOLVES Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations reached Rs. 39.67 crores in Q2 FY26, representing a 13.9% YoY growth and a 5.3% sequential increase. By business unit (FY25), Services contributed 97.9% of revenue while Products contributed 2.1%. Key industry segments include Technology (26%), BFSI (17%), and Retail (7%).

Geographic Revenue Split

The company has a heavy geographic concentration in North America, which accounts for 64.8% of total revenue. Other regions include India at 22%, Noida-specific operations at 7%, and other global markets making up the remaining 6.2%.

Profitability Margins

Operating profit margin for Q2 FY26 was 30.4%, a recovery from previous quarters due to lower event-related marketing expenses. PAT margin stood at 21.2%. Management aims to sustain a normalized margin range of 25% to 30% going forward into FY27.

EBITDA Margin

The operating margin of 30.4% in Q2 FY26 reflects strong operational execution and improved billing rates. This is a significant improvement from earlier periods where margins were compressed by high spending on global technology events and the hiring of senior management like Program Directors.

Capital Expenditure

Not explicitly disclosed in absolute INR Cr for future periods, but the company maintains a healthy balance sheet with cash and cash equivalents of Rs. 17.65 crores as of September 30, 2025, and remains net debt-free.

Credit Rating & Borrowing

CRISIL Ratings maintains a 'Stable' outlook. The company is net debt-free with a healthy current ratio of 2.21 times as of March 31, 2025. Borrowing costs are minimal due to the lack of significant debt.

⚙️ Operational Drivers

Raw Materials

As a service-based IT company, the primary 'raw material' is human capital, with employee costs being the largest expense. The company also invests in software licenses for its Product segment (2.1% of revenue).

Import Sources

Not applicable as the company provides IT services; however, talent is primarily sourced from India (Noida and other regions).

Key Suppliers

Not applicable for IT services; however, the company maintains strategic partnerships with platform providers like Salesforce and Odoo.

Capacity Expansion

The company demonstrated scalability by achieving record revenue in Q2 FY26 while maintaining the same headcount. Future expansion is driven by the Odoo practice, which currently has 120+ developers.

Raw Material Costs

Employee costs are the major expense. The company focuses on high-utilization (demonstrated in Q2 FY26) and improved billing rates to manage these costs relative to revenue.

Manufacturing Efficiency

Efficiency is measured by high utilization and the ability to grow revenue (5.3% QoQ) without increasing headcount, reflecting a scalable business model.

Logistics & Distribution

Not applicable; services are delivered digitally to global clients, primarily in North America (64.8%).

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be driven by expanding the Odoo practice (120+ developers), Salesforce, AI/ML, and Big Data services. The company is positioning itself as a 'one-stop solution' for digital initiatives and is leveraging global partnerships and events to build a robust sales pipeline.

Products & Services

IT services including Salesforce consulting, AI/ML development, Big Data analytics, Odoo ERP implementation, software licensing, and annual maintenance support.

Brand Portfolio

Ksolves, Odoo (Partner Practice).

New Products/Services

Expansion of AI/ML and niche technology offerings which carry higher ticket sizes and better margins compared to legacy services.

Market Expansion

Continued focus on the North American market (64.8% of revenue) and fostering global partnerships to navigate external challenges.

Strategic Alliances

Strategic partnerships with Odoo and Salesforce; recently appointed Ernst & Young LLP (EY) as Investor Relations Agency to improve market engagement.

🌍 External Factors

Industry Trends

The industry is shifting toward niche technologies like AI/ML and Big Data. Ksolves is positioning itself to capture these higher-margin opportunities by moving away from general IT services.

Competitive Landscape

Competes with both large-scale IT service providers and niche boutique firms in the digital transformation space.

Competitive Moat

The moat is built on specialized expertise in Odoo and Salesforce, which are high-switching-cost environments for clients. This is sustained by a dedicated team of 120+ Odoo developers.

Macro Economic Sensitivity

Highly sensitive to global IT spending trends and the economic health of the North American market (64.8% revenue share).

Consumer Behavior

Clients are increasingly seeking 'one-stop solutions' for digital initiatives, favoring vendors that can handle multiple platforms (Odoo, Salesforce, AI).