Nucleus Software Exports Limited

BSE:531209 Stock Report

Market Cap: ₹19.8b

Nucleus Software Exports Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Parag Bhise

Chief executive officer

₹51.0m

Total compensation

CEO salary percentage97.30%
CEO tenure5.3yrs
CEO ownershipn/a
Management average tenure1.9yrs
Board average tenure6yrs

Recent management updates

Recent updates

Narrative Update • Jun 25

531209: Indonesia Partnership And Governance Moves Will Support Long-Term Upside

Analysts have maintained their price target for Nucleus Software Exports at ₹1,200, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for keeping their valuation steady. What's in the News Nucleus Software Exports entered a partnership with Azentra Solusi Digital to support digital transformation for banks and financial institutions across Indonesia, combining Nucleus Software's lending and transaction banking platforms with Azentra's local consulting and implementation capabilities.
Narrative Update • Jun 10

531209: Governance Shifts And New RSU Scheme Will Support Future Upside

Analysts have kept Nucleus Software Exports' fair value unchanged at ₹1,200. They explained that only slight tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E do not yet justify a new target level.
Narrative Update • May 27

531209: Governance Overhaul And New RSU Scheme Will Support Future Upside

Analysts have kept their fair value estimate for Nucleus Software Exports steady at ₹1,200. Minor updates to assumptions around discount rate, revenue growth, profit margins and future P/E informed this unchanged price target.
Narrative Update • Apr 27

531209: Vietnam Subsidiary And New RSU Framework Will Support Future Upside

Analysts have kept the fair value estimate for Nucleus Software Exports steady at ₹1,200, as small tweaks in discount rate, revenue growth, profit margin and assumed future P/E are viewed as too minor to justify a change in the price target. What's in the News Board meeting scheduled on Mar 16, 2026, to consider the retirement of Mr. Siddhartha Mahavir Acharya, appointment of a new chairperson, formation of a Culture Committee, and other matters (company filing).
Narrative Update • Apr 12

531209: Vietnam Hub And New Equity Incentive Overhaul Will Support Future Upside

Analysts have kept the fair value for Nucleus Software Exports steady at ₹1,200, reflecting only marginal tweaks in assumptions around the discount rate, revenue growth, profit margin, and future P/E to support their unchanged price target. What's in the News A board meeting is scheduled on Feb 10, 2026 to consider audited standalone financial results and unaudited consolidated financial results for the quarter and nine months ending Dec 31, 2025 (company filing).
Narrative Update • Mar 28

531209: Vietnam Hub And New Equity Incentives Will Support Future Upside

Analysts now hold the fair value estimate for Nucleus Software Exports steady at ₹1,200, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. As a result, the price target remains essentially unchanged while reflecting slightly refined modelling inputs.
Narrative Update • Mar 13

531209: Vietnam Technology Hub And New Deployments Will Support Future Upside

Analysts have kept their fair value estimate for Nucleus Software Exports steady at ₹1,200, indicating largely unchanged views on revenue growth, profit margin potential and future P/E assumptions, despite a slightly higher discount rate in their models. What's in the News Nucleus Software Exports has incorporated Nucleus Software Vietnam Company Limited as a wholly owned subsidiary with charter capital of VND 2,616,800,000, focused on IT and related services, and positioned as a business development, sales, and software development hub in Vietnam (company filing).
Narrative Update • Feb 27

531209: Vietnam Expansion And New Lending Deployments Will Support A More Optimistic Outlook

Analysts have kept their price target for Nucleus Software Exports steady at ₹1,200, reflecting largely unchanged assumptions around discount rate, revenue growth, profit margin and future P/E, and indicating that their core valuation view remains the same for now. What's in the News Nucleus Software Exports has incorporated Nucleus Software Vietnam Company Limited as a wholly owned subsidiary in Vietnam with charter capital of VND 2,616,800,000 to act as a business development, sales, and software development hub for local customers.
Narrative Update • Feb 13

531209: Future Lending Platform Adoption Will Support A More Optimistic Outlook

Analysts have revised their price target for Nucleus Software Exports from ₹1,350 to ₹1,200, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for this change. What's in the News Nucleus Software Exports has scheduled a board meeting on February 10, 2026, to consider the audited standalone financial results and unaudited consolidated financial results for the quarter and nine months ending December 31, 2025 (Board Meeting).
User avatar
New Narrative • Jan 31

Lean Management And AI Offerings Expected To Strengthen Future Operations

Lean management initiatives and digital transformation projects are anticipated to improve productivity, operating efficiency, and drive future revenue growth.

CEO Compensation Analysis

How has Parag Bhise's remuneration changed compared to Nucleus Software Exports's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹1b

Dec 31 2025n/an/a

₹1b

Sep 30 2025n/an/a

₹2b

Jun 30 2025n/an/a

₹2b

Mar 31 2025₹51m₹50m

₹2b

Dec 31 2024n/an/a

₹2b

Sep 30 2024n/an/a

₹2b

Jun 30 2024n/an/a

₹2b

Mar 31 2024₹29m₹28m

₹2b

Dec 31 2023n/an/a

₹2b

Sep 30 2023n/an/a

₹2b

Jun 30 2023n/an/a

₹2b

Mar 31 2023₹21m₹20m

₹1b

Dec 31 2022n/an/a

₹784m

Sep 30 2022n/an/a

₹481m

Jun 30 2022n/an/a

₹457m

Mar 31 2022₹23m₹22m

₹409m

Dec 31 2021n/an/a

₹500m

Sep 30 2021n/an/a

₹668m

Jun 30 2021n/an/a

₹876m

Mar 31 2021₹19m₹18m

₹1b

Dec 31 2020n/an/a

₹1b

Sep 30 2020n/an/a

₹1b

Jun 30 2020n/an/a

₹1b

Mar 31 2020₹15m₹661k

₹890m

Compensation vs Market: Parag's total compensation ($USD533.92K) is above average for companies of similar size in the Indian market ($USD172.63K).

Compensation vs Earnings: Parag's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Parag Bhise (61 yo)

5.3yrs
Tenure
₹50,951,196
Compensation

Mr. Parag Bhise, MCA, served as Executive Vice President of Product Engineering at Nucleus Software Exports Limited since March 2020 until April 01, 2021 and serves as its Chief Executive Officer and Whole...

Leadership Team

NamePositionTenureCompensationOwnership
Parag Bhise
CEO & Whole Time Executive Director5.3yrs₹50.95mno data
Vishnu Dusad
Co-Founderno data₹12.75m17.43%
₹ 3.5b
Anurag Mantri
COO, Country Head of Singapore and P&L Head of Services2.8yrs₹51.79mno data
Poonam Bhasin
Assistant VP of Secretarialno data₹6.21mno data
Ritika Dusad
Whole Time Executive Director5.5yrs₹1.67m3.8%
₹ 753.7m
Ashok Bhura
Chief Financial Officerless than a yearno datano data
Swati Ahuja
Head of Investor Relationsno datano datano data
Swati Patwardhan
Chief Human Resource Officer2.2yrsno datano data
Pradeep Malik
P&L Head of Digital Servicesno datano datano data
Bharadwaj Rao
Regional Sales Head – ANZ1.7yrsno datano data
Mukul Agrawal
Regional Sales Head - South East Asia1.6yrsno datano data
Saurav Mohanty
Chief Risk Officer1.3yrsno datano data
1.9yrs
Average Tenure
58.5yo
Average Age

Experienced Management: 531209's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Parag Bhise
CEO & Whole Time Executive Director6.3yrs₹50.95mno data
Vishnu Dusad
Co-Founder37.5yrs₹12.75m17.43%
₹ 3.5b
Ritika Dusad
Whole Time Executive Director10yrs₹1.67m3.8%
₹ 753.7m
Shekar Viswanathan
Independent Non-Executive Director2.4yrs₹5.37mno data
Prakash Kandpal
Independent Non-Executive Director2.4yrs₹6.27mno data
Yasmin Krishan
Independent Non-Executive Chairwoman6yrs₹6.17mno data
Shekar Viswanathan
Independent Non-Executive Director2.3yrsno datano data
Nitin Gokarn
Additional Independent Directorno datano datano data
6.0yrs
Average Tenure
63yo
Average Age

Experienced Board: 531209's board of directors are considered experienced (6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/11 20:33
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nucleus Software Exports Limited is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rahul JainDolat Capital Market Pvt. Ltd.
Manik TanejaEmkay Global Financial Services Ltd.
Krupal ManiarICICI Securities Ltd.