ESDS Software Solution Price, Pre-IPO Share Details as of March 31, 2025
ESDS Software Solution Limited Outstanding Shares: |
10,04,27,753 |
Face Value of ESDS Software Solution Pre-IPO Share: |
Rs. 1 Per Equity Share |
ISIN of ESDS Software Solution Limited Pre-IPO Share: |
INE0DRI01029 |
Lot Size of ESDS Software Solution Pre-IPO Share: |
100 |
ESDS Software Solution Share Price: |
Best In Industry |
PAN Number of ESDS Software Solution: |
AABCE4981A |
GST Number of ESDS Software Solution: |
27AABCE4981A1ZV |
ESDS Software Solution Limited Incorporation Details
ESDS Software Solution Limited CIN Number |
U72200MH2005PLC155433 |
ESDS Software Solution Limited Registration Date |
18-Aug-05 |
Category / Sub-Category of ESDS Software Solution Limited |
Public Companies having a share capital |
ESDS Software Solution Limited Registered Office Address |
Plot No. B-24 & 25, NICE AREA, M.I.D.C. SATPUR, NASIK MH 422007 IN |
ESDS Software Solution Limited Board of Directors
| Name | Post |
| Mr. Piyush Somani | Chairman-cum-Managing Director |
| Ms. Komal Somani | Whole Time Director |
| Mr. Jitendra Pathak | Whole Time Director |
| Mr. Dhandapani T. G. | Independent Director |
| Ms. Pamela Kumar | Independent Director |
| Mr. Venkatesh Natarajan | Independent Director |
Shareholding Pattern of ESDS Software Solutions Limited (as on 31st March 2025)
| Category | No. of shares held | % of shares held |
| Promoter | 2,46,52,458 | 24.55% |
| Public | 7,57,75,295 | 75.45% |
| Total | 10,04,27,753 | 100% |
ESDS Software Solution Limited Consolidated Balance Sheet (Rs in Millions)
| Particulars | 31-03-2025 | 31-03-2024 |
| Non-current assets | ||
| Property, plant and equipment | 2,850.00 | 2,180.50 |
| Right-of-use assets | 662.43 | 995.05 |
| Intangible assets | 12.70 | 47.75 |
| Non-current financial assets | 164.98 | 102.28 |
| Other non-current assets | 33.61 | 24.81 |
| Current assets | ||
| Trade receivables | 997.56 | 690.03 |
| Unbilled revenue | 437.28 | 515.20 |
| Cash and cash equivalents | 606.80 | 22.47 |
| Other current financial assets | 427.56 | 576.65 |
| Other current assets | 366.57 | 179.97 |
| Income tax assets (net) | - | 142.38 |
| Total assets | 6,559.50 | 5,477.09 |
| Equity | ||
| Equity share capital | 100.43 | 92.89 |
| Reserves and surplus | 3,999.51 | 2,079.74 |
| Other reserves | 75.87 | 86.45 |
| Non-controlling interest | - | 6.00 |
| Non-current liabilities | ||
| Lease liabilities | 499.89 | 933.12 |
| Non-current borrowings | 405.97 | 847.73 |
| Employee benefit obligations | 141.30 | 121.80 |
| Deferred tax liabilities (net) | 116.49 | 56.48 |
| Current liabilities | ||
| Current borrowings | 221.16 | 642.71 |
| Lease liabilities | 140.40 | 164.49 |
| Trade payables: | ||
| Dues of micro enterprises and small enterprises | 26.50 | 5.72 |
| Dues of creditors other than micro enterprises | 263.76 | 227.18 |
| Other current financial liabilities | 395.12 | 101.20 |
| Employee benefit obligations | 3.56 | 3.13 |
| Other current liabilities | 169.54 | 108.45 |
| Total equity and liabilities | 6,559.50 | 5,477.09 |
ESDS Software Solution Limited Consolidated Statement of Profit and Loss (Rs in Millions)
| Particulars | 31-03-2025 | 31-03-2024 |
| Revenue from operations | 3,613.35 | 2,865.18 |
| Other income | 153.06 | 56.18 |
| Total income | 3,766.42 | 2,921.36 |
| Expenses | ||
| Employee benefit expense | 941.27 | 850.72 |
| Finance costs | 252.49 | 315.75 |
| Depreciation and amortization expense | 622.06 | 525.52 |
| Other expenses | 1,123.23 | 995.66 |
| Total expenses | 2,939.06 | 2,687.64 |
| Profit before exceptional items | 827.36 | 233.72 |
| Exceptional items: | ||
| Rates and Taxes | 1.41 | 6.55 |
| Penalty | - | 4.18 |
| Profit before tax | 825.94 | 222.99 |
| Income tax expense: | ||
| Current tax (MAT) | 245.55 | 9.10 |
| Less: MAT credit entitlement | (73.92) | |
| Prior year taxes | - | 4.35 |
| Deferred tax | 98.20 | 73.45 |
| Profit for the year | 556.11 | 136.10 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss: | ||
| Revaluation surplus on Land and Building | - | 38.97 |
| Remeasurement of post-employment benefit obligations | (3.02) | (14.08) |
| Income tax relating to these items | 0.84 | 3.92 |
| Items that will be reclassified to profit or loss: | ||
| Foreign exchange differences on translation of foreign operations | (10.33) | (6.54) |
| Total comprehensive income for the year | 543.60 | 158.37 |
| Earnings per equity share | 5.83 | 1.35 |
ESDS Software Solution Limited Consolidated Statement of Cash Flows (Rs in Millions)
| Particulars | 31-03-2025 | 31-03-2024 |
| Cash flows from operating activities | ||
| Profit / (Loss) before tax | 825.94 | 222.99 |
| Adjustments for: | ||
| Depreciation and amortization expense | 622.06 | 525.52 |
| (Gain)/Loss on disposal of property, plant and equipment | (0.78) | (0.09) |
| Expected Credit loss allowance | 99.27 | 55.29 |
| Interest income classified as investing activities | (40.00) | (34.65) |
| Balance write back | (1.82) | - |
| Finance costs | 252.49 | 315.75 |
| Unrealized exchange (gain)/loss | 9.09 | 0.69 |
| Employee stock option expenses | 2.25 | 5.18 |
| Cessation of lease liabilities | (104.93) | - |
| NCI loss in control | 5.69 | - |
| Operating profit before working capital changes | 1,669.26 | 1,090.68 |
| Changes in working capital | ||
| (Increase) / Decrease in trade receivables | (337.97) | (375.79) |
| (Increase) / Decrease in other current and non-current financial assets | 133.18 | (251.27) |
| (Increase) / Decrease in other current and non-current assets | (195.40) | (20.46) |
| Increase / (Decrease) in trade payables | 59.18 | (44.27) |
| Increase / (Decrease) in employee benefit obligations | 16.91 | 16.71 |
| Increase/(decrease) of current borrowings | (421.55) | 35.85 |
| Increase/(Decrease) in other current and non-current financial liabilities | 293.92 | 57.65 |
| Increase/(Decrease) in other current and non-current liabilities | 36.00 | (16.14) |
| Cash generated from operations | 1,253.63 | 492.95 |
| Income taxes paid (net of refunds received) | (41.60) | 79.10 |
| Net cash inflow/ (outflow) from operating activities | 1,212.03 | 572.05 |
| Cash flows from investing activities | ||
| Payments /Disposal for property, plant and equipment and intangible assets | (1,134.24) | (230.45) |
| Proceeds from sale of property, plant and equipment | 1.52 | |
| Bank balances not considered as cash and cash equivalents | 181.34 | |
| Interest/ income on investment received | 39.28 | 34.65 |
| Net cash flows from investing activities | (1,093.44) | (14.46) |
| Cash flows from financing activities | ||
| (Increase)/Decrease) of non-current borrowings | (441.76) | (198.42) |
| Principal elements of lease payments | (226.82) | (277.71) |
| Fresh issue of equity shares | 1,370.87 | |
| Investment in Mutual Funds | (42.76) | |
| Interest paid on borrowings | (170.85) | (229.56) |
| Net cash inflows/ (outflow) from financing activities | 488.69 | (705.69) |
| Net increase / (decrease) in cash and cash equivalents | 607.28 | (148.10) |
| Foreign currency translation impact on cash and cash equivalents | (22.94) | 1.70 |
| Cash and cash equivalents at the beginning of the financial year | 22.47 | 168.86 |
| Cash and cash equivalents at the end of the financial year | 606.80 | 22.47 |
Summary of the Cash Flow Statement for the years 2025 and 2024:
Operating Activities
In FY 2025, ESDS generated ₹1,212.03 million from operating activities, compared to ₹572.05 million in FY 2024. This sharp improvement highlights the strong momentum in the company’s core operations. The profit before tax nearly quadrupled to ₹825.94 million, and while working capital movements still created some drag (especially from receivables and borrowings), they were offset by positive adjustments like an increase in financial liabilities and steady employee obligations. Overall, the company is now consistently converting profits into cash, a very healthy sign for its business fundamentals.
Investing Activities
The company recorded a net outflow of ₹1,093.44 million from investing activities in FY 2025, a massive jump compared to just ₹14.46 million in FY 2024. The surge in outflows was primarily due to large payments for property, plant, equipment, and intangible assets amounting to over ₹1,100 million. This indicates that ESDS is in an expansion phase, likely investing in new infrastructure, data centers, or technological upgrades to support future growth. While this creates pressure on short-term cash, it can be viewed positively if the investments translate into higher revenues and scalability in the coming years.
Financing Activities
Financing cash flows turned positive in FY 2025 with an inflow of ₹488.69 million, compared to a large outflow of ₹705.69 million in FY 2024. The key driver was the fresh issue of equity shares worth ₹1,370.87 million, which more than offset repayments of borrowings, lease liabilities, and interest costs. This reflects management’s decision to fund expansion through equity rather than debt, strengthening the balance sheet and reducing financial risk. However, reliance on fresh equity also means dilution of shareholder stakes, so the company will need to ensure that the funds are deployed efficiently to generate returns.
Net Cash Position
The overall cash position improved dramatically in FY 2025, with net cash increasing by ₹607.28 million, whereas FY 2024 saw a net cash decline of ₹148.10 million. Despite heavy capital expenditure, the surge in operating cash flow and equity funding more than compensated for the investment outflows. This indicates that the company successfully balanced its expansion needs with liquidity management.
Consolidated Financial Ratios of ESDS Software Solution Limited
| Particulars | 31-03-2025 | 31-03-2024 |
|---|---|---|
| Current Ratio | 2.32 | 1.70 |
| Debt Equity Ratio | 0.15 | 0.66 |
| Debt Service Coverage Ratio | 7.00 | 1.59 |
| Return on Equity Ratio | 17.27% | 6.23% |
| Trade Receivables Turnover Ratio | 4.28 | 4.54 |
| Trade Payables Turnover Ratio | 4.29 | 3.90 |
| Net Capital Turnover Ratio | 2.24 | 3.28 |
| Net Profit Ratio | 15% | 4.75% |
| Return on Capital employed | 24.73% | 14.53% |
Summary of the financial ratios of ESDS Software Solution Limited for the year 2025 and 2024:
Current Ratio
The current ratio improved to 2.32 in FY 2025 from 1.70 in FY 2024, reflecting a much stronger liquidity position. This means the company now holds more than twice the current assets against its current liabilities, ensuring it can comfortably meet short-term obligations. The jump indicates better working capital management and a healthier balance sheet.
Debt-Equity Ratio
The debt-equity ratio declined significantly to 0.15 in FY 2025 from 0.66 in FY 2024. This sharp fall highlights a major reduction in debt levels relative to equity. The company has deleveraged, either by repaying borrowings or through infusion of equity capital, which makes the balance sheet more resilient and lowers financial risk.
Debt Service Coverage Ratio (DSCR)
The DSCR surged to 7.00 in FY 2025 compared to just 1.59 in FY 2024. This means the company now generates seven times the cash required to service its debt obligations, versus barely covering them last year. Such a strong improvement shows that ESDS is now in a very comfortable position to meet interest and principal repayments.
Return on Equity (ROE)
Return on equity rose to 17.27% in FY 2025 from 6.23% in FY 2024. This indicates that shareholders are now earning nearly three times the return they did in the previous year. The jump in ROE reflects higher profitability and more efficient use of equity capital, signalling strong value creation for investors.
Trade Receivables Turnover Ratio
The trade receivables turnover ratio slightly declined to 4.28 in FY 2025 from 4.54 in FY 2024. This suggests that collections from customers have become a bit slower, meaning the company is taking slightly longer to realize cash from credit sales. While not a major concern, it will need close monitoring to avoid liquidity issues.
Trade Payables Turnover Ratio
The trade payables turnover ratio improved to 4.29 in FY 2025 from 3.90 in FY 2024. This means the company is paying off its suppliers more frequently than last year. While this reflects stronger liquidity, it may also suggest that the company has less credit support from suppliers and is relying more on its own cash flows.
Net Capital Turnover Ratio
The net capital turnover ratio dropped to 2.24 in FY 2025 from 3.28 in FY 2024. This decline shows that the company is generating lower sales per unit of capital employed. It could be due to higher investments in capital or working capital that have not yet translated into proportional revenue growth.
Net Profit Ratio
The net profit margin jumped to 15% in FY 2025 from just 4.75% in FY 2024. This indicates a substantial improvement in overall profitability, as the company is now retaining a larger share of revenue as profit. The margin expansion shows better cost management and stronger operational efficiency.
Return on Capital Employed (ROCE)
ROCE improved to 24.73% in FY 2025 from 14.53% in FY 2024. This indicates that the company is now generating higher returns from the total capital employed in the business. The improvement shows efficient use of both debt and equity capital, highlighting overall operational and financial strength.
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