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Tera Software Limited (TERASOFT)

₹227.66 +4.32% last close, 16 Oct

📊 NSE: TERASOFT 🏢 Computers - Software - Medium / Small 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Tera Software's revenue was ₹74.7 Cr (+122.7% year on year, +26.4% on the previous quarter), and net profit ₹7.2 Cr (+144.7% year on year); the operating margin was 13.0%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹74.7	+122.7%	+26.4%
Operating profit	₹9.7	+166.3%	-0.9%
Net profit	₹7.2	+144.7%	+13.4%
EPS (₹)	5.77	+144.5%	+13.4%
Operating margin	13.0%	—	—

Full quarterly financials → Results calendar →

TERASOFT delivery percentage

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

On Fri, 16 Oct 2026, 53.39% of the TERASOFT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 57.26%. That is close to its usual level. Turnover was only ₹35 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.

53.39%Delivery, 16 Oct

57.26%Own 20-session average

0.5×Volume vs its average

₹227.66NSE close · +4.32%

Delivery in the last 5 sessions: 73.1% · 66.3% · 54.7% · 54.1% · 53.4%

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

Tera Software Shareholders Approve ₹1.20/Share Dividend and All AGM Resolutions

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 05:18 PM

Tera Software Limited announced the results of its 32nd Annual General Meeting held on September 29, 2026. Shareholders approved all four ordinary resolutions with requisite majorities exceeding 99%. Key resolutions passed include the declaration of a ₹1.20 per share dividend (face value ₹10) for FY25–26, adoption of audited financial statements, re-appointment of retiring director Mr. T. Bapaiah Chowdary, and approval of remuneration for Mr. T. Rajasekhar under Section 188(1)(f). A total of 132 shareholders participated across e-voting and physical polling, with 65.48 lakh total votes polled on general resolutions.

Shareholders approved a dividend of ₹1.20 per equity share (face value ₹10) with 99.99% votes in favor.
A total of 65,48,190 votes were polled across 12,511,875 total outstanding shares, representing a 52.34% turnout.
Approval of remuneration to Mr. T. Rajasekhar under related-party provisions passed with 99.39% votes in favor (promoter group did not vote).
Adoption of FY26 financial statements and director re-appointment passed with 99.95% approval.

💡 Track the dividend payment timeline following shareholder approval and monitor execution on the company's ₹2,521.54 Cr order book in upcoming quarterly earnings.

Tera Software CFO G. Anil Kumar Resigns Within Days of Appointment Citing Personal Exigencies

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 16 Sep 2026, 06:11 PM

Tera Software announced that Mr. G. Anil Kumar has resigned from the post of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective September 15, 2026, citing personal and family exigencies. Mr. Kumar had only recently taken up the role on September 7, 2026, making his tenure exceptionally brief (approx. 8 days). The company stated it will initiate steps to fill the vacancy within the statutory timelines under SEBI LODR Regulation 26A.

Resignation effective from close of business hours on September 15, 2026
Mr. G. Anil Kumar was appointed CFO effective September 7, 2026 (tenure of ~8 days)
Appointment was originally intimated to exchanges on August 11, 2026
CFO vacancy to be filled as per timelines under Regulation 26A of SEBI LODR Regulations

💡 Track the announcement of a replacement CFO and whether the sudden leadership gap creates disruptions in financial reporting or working capital oversight.

Tera Software Sets September 22, 2026 as Record Date for FY26 Dividend & AGM

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 07 Sep 2026, 04:22 PM

Tera Software Limited has fixed Tuesday, September 22, 2026, as the Record Date to determine member eligibility for dividend payment for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming AGM. The same date will also serve as the cut-off date for remote e-voting. The company's Register of Members will be closed from September 23, 2026, to September 29, 2026. The 32nd Annual General Meeting is scheduled for September 29, 2026.

Record date and cut-off date fixed as September 22, 2026 for dividend eligibility and e-voting
32nd Annual General Meeting scheduled for September 29, 2026, at 03:00 PM IST
Register of Members closed from September 23, 2026, to September 29, 2026
Dividend is subject to shareholder approval for the financial year ended March 31, 2026

💡 Track the outcome of the 32nd AGM on September 29, 2026, for formal dividend approval and commentary on execution progress across the company's order book.

Tera Software Dispatches FY26 Annual Report; 32nd AGM Set for September 29, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Sep 2026, 04:14 PM

Tera Software Limited has issued the notice for its 32nd Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026, alongside submitting its FY26 Annual Report. The record date for determining dividend eligibility (if declared at the AGM) and remote e-voting cut-off has been fixed for September 22, 2026. Remote e-voting will run from September 26 to September 28, 2026. The corporate overview reaffirmed key project involvements, including its ₹3,502.78 Cr share in the BSNL BharatNet Phase-III consortium.

32nd AGM scheduled for Tuesday, September 29, 2026 at 3:00 PM IST
Record date and cut-off date for dividend and e-voting fixed as September 22, 2026
Remote e-voting window open from September 26 (9:00 AM) to September 28, 2026 (5:00 PM)
Annual report overview highlights ₹3,502.78 Cr consortium share in BSNL BharatNet Phase-III Middlemile project

💡 Eligible shareholders as of the September 22, 2026 cut-off date should review the annual report resolutions and cast votes during the e-voting window ahead of the AGM.

Rs 1.20 Dividend Declared by Tera Software; G. Anil Kumar Appointed as CFO

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 12 Aug 2026, 01:50 PM

Tera Software's board has approved the un-audited financial results for Q1 FY27 and declared a final dividend of Rs 1.20 per share (12%). The company also appointed Mr. G. Anil Kumar, a Chartered Accountant with over 8 years of experience, as the Chief Financial Officer effective September 7, 2026. This leadership change is significant as the company manages a massive order book of Rs 2,521.54 Cr, which is approximately 10.6x its TTM revenue of Rs 238 Cr. The Annual General Meeting (AGM) is scheduled for September 28, 2026, to finalize the dividend and other board reports.

Final dividend of Rs 1.20 per share (12%) recommended for shareholder approval.
Appointment of Mr. G. Anil Kumar as CFO and KMP starting September 7, 2026.
Order book remains robust at Rs 2,521.54 Cr, providing multi-year revenue visibility.
AGM scheduled for September 28, 2026, to approve FY26 accounts and dividend.
New CFO brings 8+ years of experience in Financial Planning & Analysis from Axis Chemicals.

💡 Investors should monitor the Q1 FY27 financial performance details and the new CFO's strategy for managing high working capital requirements associated with the Rs 2,521.54 Cr order book.

Tera Software Declares Rs 1.20 Dividend and Appoints New CFO

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 11 Aug 2026, 08:21 PM

Tera Software's board has recommended a final dividend of Rs 1.20 per share (12% of face value) for the financial year, subject to shareholder approval at the AGM on September 28, 2026. The company also appointed Mr. G. Anil Kumar, a Chartered Accountant with over 8 years of experience, as the new Chief Financial Officer effective September 7, 2026. While Q1 FY27 results were approved, the specific financial performance details were not included in this summary brief. The dividend represents a yield of approximately 0.29% based on the current market price of Rs 415.9.

Final dividend of Rs 1.20 per share (12%) declared for the financial year.
Appointment of Mr. G. Anil Kumar as CFO and Key Managerial Personnel effective September 7, 2026.
Annual General Meeting (AGM) scheduled for September 28, 2026.
New CFO brings over 8 years of experience in Financial Planning & Analysis, previously at Axis Chemicals.
Board meeting concluded at 8:00 PM on August 11, 2026, following a 4-hour session.

💡 Investors should review the detailed Q1 FY27 results once published to assess if the company is maintaining its FY26 growth momentum. Monitor the new CFO's ability to manage the high working capital requirements of the Rs 2,521.54 Cr order book.

Rs 1.20 Final Dividend Recommended and New CFO Appointed by Tera Software

🟡 NEUTRAL ⭐ 6/10

DIVIDEND 📅 11 Aug 2026, 08:19 PM

Tera Software has recommended a final dividend of Rs 1.20 per equity share (12% of face value) for the fiscal year, subject to shareholder approval at the AGM on September 28, 2026. The company also announced the appointment of Mr. G. Anil Kumar as Chief Financial Officer, effective September 7, 2026. Based on the FY26 EPS of Rs 19.83, the dividend payout ratio is approximately 6%. The dividend yield is modest at roughly 0.29% against the current market price of Rs 415.9.

Recommended a final dividend of Rs 1.20 per equity share for the financial year.
Annual General Meeting (AGM) scheduled for September 28, 2026, to approve the dividend.
Appointment of Mr. G. Anil Kumar as CFO and KMP effective from September 7, 2026.
Dividend payout represents approximately 6% of the TTM EPS of Rs 19.83.
Company maintains a massive order book of Rs 2,521.54 Cr, which is 29.85x the FY24 revenue.

💡 Investors should focus on the execution timeline of the Rs 2,521.54 Cr order book and the management of working capital under the new CFO, rather than the modest dividend yield.

Rs 1.20 Dividend Declared and New CFO Appointed by Tera Software

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 11 Aug 2026, 08:13 PM

Tera Software's board has recommended a final dividend of Rs 1.20 per share (12%) for the fiscal year, subject to shareholder approval at the AGM on September 29, 2026. The company also appointed Mr. G. Anil Kumar, a Chartered Accountant with over 8 years of experience, as the Chief Financial Officer effective September 7, 2026. This management transition occurs as the company manages a massive order book of Rs 2,521.54 Cr, which is approximately 10.6x its TTM revenue of Rs 238 Cr. The board also approved the un-audited financial results for the quarter ended June 30, 2026.

Final dividend of Rs 1.20 per share (12% of face value) recommended for approval.
Appointment of Mr. G. Anil Kumar as CFO and KMP effective September 7, 2026.
Annual General Meeting (AGM) scheduled for September 29, 2026.
Company is currently executing an order book of Rs 2,521.54 Cr, primarily in BharatNet and Smart City projects.
New CFO brings over 8 years of experience in Financial Planning & Analysis from the chemical industry.

💡 Investors should review the detailed Q1 FY27 financial results to assess if the 140% expected growth rate is on track. Monitor the new CFO's impact on managing the high working capital requirements and the resolution of the Rs 33 Cr disputed receivable with APSFL.

Tera Software reports 100% reconciliation of 1.25 Cr shares for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Jul 2026, 01:36 PM

Tera Software Limited has filed its quarterly Reconciliation of Share Capital Audit Report for the period ended June 30, 2026. The report confirms that the company's issued and listed capital remains unchanged at 1,25,11,875 equity shares. A high dematerialization rate of 99.65% is maintained, with 78.15% held in NSDL and 21.50% in CDSL. The audit found no discrepancies between the issued capital and the shares held by depositories and in physical form.

Total issued and listed capital remains constant at 1,25,11,875 equity shares of Rs. 10 each.
99.65% of the total share capital is held in dematerialized form, with only 44,296 shares remaining in physical form.
The company reported a total of 14,787 security holders as of the quarter ended June 30, 2026.
Zero demat requests were confirmed after 21 days, indicating efficient registrar processing by KFin Technologies.

💡 This is a routine administrative filing. Investors should instead monitor the execution progress of the company's significant Rs 2,521.54 Cr order book and the status of the Rs 33 Cr receivable dispute with APSFL.

Tera Software submits routine SEBI Regulation 74(5) certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 07 Jul 2026, 04:08 PM

Tera Software Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the period ending June 30, 2026. The certificate, issued by KFin Technologies Limited, confirms that share certificates received for dematerialization were processed and the depositories' names were updated in the company's records. This is a standard administrative procedure for all listed entities and has no impact on the company's financial performance or its substantial Rs 2,521.54 Cr order book.

Compliance certificate for the quarter ended June 30, 2026, submitted to BSE and NSE.
Registrar and Share Transfer Agent (RTA) KFin Technologies Limited issued the certificate on July 1, 2026.
The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Company maintains a massive order book of Rs 2,521.54 Cr, which is 10.59x its TTM revenue.

💡 This is a routine procedural filing; investors should instead monitor the execution of the company's Rs 2,521.54 Cr order book and the resolution of the Rs 33 Cr receivable dispute with APSFL.

Tera Software CFO D. Pravallika Resigns Effective June 30, 2026

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 26 Jun 2026, 07:27 PM

Tera Software Limited has announced the resignation of Mrs. D. Pravallika from the position of Chief Financial Officer (CFO) and Key Managerial Personnel. The resignation was tendered on June 26, 2026, and will be effective from the close of business hours on June 30, 2026. The company cited personal reasons for her departure and stated that it is in the process of making arrangements for a smooth transition. Investors should note that the CFO is a critical role for financial oversight and reporting.

Mrs. D. Pravallika resigned as CFO and Key Managerial Personnel (KMP) on June 26, 2026.
The resignation is effective from the close of business hours on June 30, 2026.
The departure is attributed to personal reasons according to the regulatory filing.
The company is currently seeking a successor to ensure a smooth transition of financial responsibilities.

💡 Investors should monitor the company's upcoming filings for the appointment of a new CFO to ensure management stability and continuity in financial governance.

Tera Software CFO Mrs. D. Pravallika Resigns Effective June 30, 2026

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 26 Jun 2026, 07:25 PM

Tera Software Limited has informed the exchanges that Mrs. D. Pravallika has resigned from her position as Chief Financial Officer (CFO) and Key Managerial Personnel. The resignation was tendered on June 26, 2026, and will be effective from the close of business hours on June 30, 2026. The company cited personal reasons for her departure and has initiated the process for a smooth transition of responsibilities. Investors should note that the CFO is a critical role for financial reporting and compliance.

Mrs. D. Pravallika resigned as Chief Financial Officer (CFO) effective June 30, 2026
The resignation letter was received by the company on June 26, 2026
Departure is attributed to personal reasons with no other material concerns cited
Company is currently making arrangements for a smooth transition of financial responsibilities

💡 Investors should monitor the company's upcoming announcements for the appointment of a new CFO to ensure leadership stability. Any delay in finding a qualified replacement for this Key Managerial Personnel role could impact financial oversight.

Tera Software Announces Trading Window Closure from July 1, 2026 for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 05:13 PM

Tera Software Limited has informed the exchanges that its trading window will be closed starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The window will remain closed for all designated persons until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced separately in the future.

Trading window closure commences on July 01, 2026.
Applies to all Directors, Officers, Designated Persons, and Connected Persons of the company.
Closure pertains to the financial results for the quarter ended June 30, 2026.
Window to reopen 48 hours after the official declaration of standalone and consolidated results.
Board meeting date for result approval is yet to be finalized and intimated.

💡 This is a routine regulatory filing with no immediate impact on stock fundamentals. Investors should monitor for the upcoming announcement of the board meeting date to assess the company's Q1 performance.

Tera Software acquires remaining 26% stake in TS Innovations for ₹26,000; now a WOS

🟡 NEUTRAL ⭐ 4/10

M&A 📅 13 Jun 2026, 03:22 PM

Tera Software Limited has completed the acquisition of the remaining 26% equity stake in its subsidiary, TS Innovations Private Limited (TSIPL), from a promoter group entity, Sitra Infotech Private Limited. The company acquired 2,600 shares for a total consideration of ₹26,000, increasing its shareholding from 74% to 100%. Consequently, TSIPL has become a Wholly Owned Subsidiary of Tera Software effective June 13, 2026.

Acquired 2,600 equity shares representing a 26% stake in TS Innovations Private Limited.
Total cash consideration for the acquisition is a nominal amount of ₹26,000.
TS Innovations Private Limited has transitioned from a 74% subsidiary to a 100% Wholly Owned Subsidiary.
The transaction is an inter-se transfer among promoter group entities and does not change management control.
TSIPL is engaged in Information Technology and software-related activities.

💡 Investors should view this as a routine internal restructuring to consolidate ownership; the transaction value is negligible and unlikely to impact the stock price.

Tera Software acquires remaining 26% stake in TS Innovations for ₹26,000

🟡 NEUTRAL ⭐ 4/10

M&A 📅 13 Jun 2026, 03:18 PM

Tera Software Limited has completed the acquisition of the remaining 26% equity stake in its subsidiary, TS Innovations Private Limited (TSIPL). The company purchased 2,600 equity shares from Sitra Infotech Private Limited, a promoter group entity, for a total consideration of ₹26,000. Following this transaction, TSIPL has transitioned from a 74% owned subsidiary to a 100% wholly-owned subsidiary of Tera Software. The acquisition is an inter-se transfer within the promoter group and does not alter the management or operations of the target entity.

Acquired 2,600 equity shares representing the remaining 26% stake in TS Innovations Private Limited.
The total cash consideration for the acquisition is ₹26,000.
TS Innovations Private Limited has become a Wholly Owned Subsidiary effective June 13, 2026.
The stake was acquired from Sitra Infotech Private Limited, an existing promoter group entity.
The transaction is an inter-se transfer and does not result in any change of control.

💡 Investors should note this as a minor internal consolidation with negligible financial impact on the company's balance sheet, given the very small transaction value.

View All TERASOFT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

For the half-year ended September 30, 2025, the Technical Division contributed INR 66.98 Cr, the Integrated Solutions Division contributed INR 37.19 Cr, and the Projects Division contributed INR 29.84 Cr. Total revenue for FY24 was INR 87.76 Cr, representing a 34.40% decline from the previous year due to election-related tender delays.

Geographic Revenue Split

Not disclosed in available documents; however, operations are heavily concentrated in Indian government projects such as BharatNet and APSFL.

Profitability Margins

The Net Profit ratio improved to 9% in FY25 from 5% in FY24, an 88.64% increase. The Operating Profit Margin ratio rose to 9% from 7%, a 38.64% improvement, driven by a rise in revenue from operations and a notable reduction in expenditure.

EBITDA Margin

EBITDA margin improved to 7.82% in FY24 and further to 11.26% in 1H FY25. The company expects a stabilized EBITDA margin of 10.00% for the full FY25 as it scales manpower and materials for new project executions.

Capital Expenditure

Not disclosed in absolute INR Cr for future periods, but the company is currently investing in enhanced manpower and materials to execute its INR 2,521.54 Cr order book.

Credit Rating & Borrowing

Infomerics assigned a rating of IVR BBB-/Stable for bank facilities including a INR 50.00 Cr Cash Credit limit. The Debt-Equity ratio improved by 45.29% (from 0.30 to 0.16) due to the repayment of long-term borrowings and clearing of cash credit.

⚙️ Operational Drivers

Raw Materials

Specific raw material names are not listed, but 'materials for projects' and 'technical manpower' are the primary cost drivers for the Integrated Solutions and Projects divisions.

Capacity Expansion

Current capacity is defined by a strong order book of INR 2,521.54 Cr, which is 29.85x the FY24 revenue. Expansion is focused on executing BharatNet Phase-III and smart metering projects.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company noted a 'notable reduction in expenditure' during FY25 which contributed to an 88.64% increase in the net profit ratio.

Manufacturing Efficiency

Not applicable as a manufacturing metric, but the Interest Coverage Ratio stood at 3.99x in FY25, and the Return on Equity (ROE) improved by 120.81% (from 0.03 to 0.08) due to increased operational efficiency.

📈 Strategic Growth

Expected Growth Rate

140%

Growth Strategy

Growth will be achieved through the execution of the INR 2,521.54 Cr order book, specifically targeting BharatNet Phase-III projects, expansion into smart metering, smart city expansion, and IT infrastructure management solutions.

Products & Services

Integrated IT solutions, technical services, project management for BharatNet, spot billing services, and IT infrastructure management.

Brand Portfolio

TERASOFT

New Products/Services

Entry into smart metering and smart city projects is expected to drive future revenue, though specific contribution percentages are not disclosed.

Market Expansion

Expansion is focused on large-scale digital transformation initiatives within India, specifically targeting public sector digital infrastructure.

🌍 External Factors

Industry Trends

The industry is shifting toward large-scale digital infrastructure (BharatNet) and smart utility management. TSL is positioned to capture this through its massive 29.85x revenue-to-order-book ratio.

Competitive Landscape

Faces increasing competition from large IT players and global firms in the government digital services space.

Competitive Moat

The moat is built on extensive promoter experience and a massive order book of INR 2,521.54 Cr, providing revenue visibility for several years, though it is constrained by high working capital needs.

Macro Economic Sensitivity

Highly sensitive to government budgetary constraints and public sector spending cycles.

Consumer Behavior

Not applicable as the primary customers are government and public sector enterprises.

Geopolitical Risks

Minimal direct geopolitical risk as operations are domestic, but sensitive to national regulatory and policy changes.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with Indian Accounting Standards (Ind AS) and SEBI (LODR) Regulations. Operations are subject to government tender regulations and BharatNet project standards.

Taxation Policy Impact

Not disclosed as a specific percentage, but the company accounts for deferred tax assets (INR 1.97 Cr as of Sept 2025).

Legal Contingencies

The company faces significant contingent liabilities of INR 103.00 Cr as of the end of FY24. It also dealt with a INR 33 Cr write-off of disputed receivables from APSFL where no writ petition was filed.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the crystallization of INR 103.00 Cr in contingent liabilities and the recovery of disputed receivables, which could impact cash accruals.