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Nucleus Software Exports

NSEI:NUCLEUS
Snowflake Description

Flawless balance sheet 6 star dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NUCLEUS
NSEI
₹11B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Nucleus Software Exports Limited engages in software product development and marketing, and providing support services for corporate business entities in the banking and financial services sector in India, the Far East, South East Asia, Europe, the Middle East, Africa, and Australia. The last earnings update was 98 days ago. More info.


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NUCLEUS Share Price and Events
7 Day Returns
5.1%
NSEI:NUCLEUS
-1%
IN Software
-1.2%
IN Market
1 Year Returns
-17.4%
NSEI:NUCLEUS
-19.4%
IN Software
-2.5%
IN Market
NUCLEUS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nucleus Software Exports (NUCLEUS) 5.1% 12.2% 4.4% -17.4% 82.2% 61.3%
IN Software -1% 2.9% -4.2% -19.4% -4% 27.2%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • NUCLEUS outperformed the Software industry which returned -19.4% over the past year.
  • NUCLEUS underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
NUCLEUS
Industry
5yr Volatility vs Market

Value

 Is Nucleus Software Exports undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nucleus Software Exports to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nucleus Software Exports.

NSEI:NUCLEUS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:NUCLEUS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 35%) (0%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.091 * 8.6%)
16.93%

Discounted Cash Flow Calculation for NSEI:NUCLEUS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nucleus Software Exports is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:NUCLEUS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.93%)
2019 764.00 Analyst x1 653.38
2020 954.00 Analyst x1 697.75
2021 1,116.00 Analyst x1 698.05
2022 1,263.63 Est @ 13.23% 675.96
2023 1,409.27 Est @ 11.53% 644.72
2024 1,554.88 Est @ 10.33% 608.34
2025 1,702.56 Est @ 9.5% 569.68
2026 1,854.32 Est @ 8.91% 530.62
2027 2,012.02 Est @ 8.5% 492.39
2028 2,177.37 Est @ 8.22% 455.70
Present value of next 10 years cash flows ₹6,026.59
NSEI:NUCLEUS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,177.37 × (1 + 7.55%) ÷ (16.93% – 7.55%)
₹24,966.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹24,966.16 ÷ (1 + 16.93%)10
₹5,225.19
NSEI:NUCLEUS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹6,026.59 + ₹5,225.19
₹11,251.78
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹11,251.78 / 29.04
₹387.45
NSEI:NUCLEUS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:NUCLEUS represents 1.0004x of BSE:531209
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0004x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 387.45 x 1.0004
₹387.60
Value per share (INR) From above. ₹387.60
Current discount Discount to share price of ₹379.60
= -1 x (₹379.60 - ₹387.60) / ₹387.60
2.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nucleus Software Exports is available for.
Intrinsic value
2%
Share price is ₹379.6 vs Future cash flow value of ₹387.6
Current Discount Checks
For Nucleus Software Exports to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nucleus Software Exports's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Nucleus Software Exports's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nucleus Software Exports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nucleus Software Exports's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:NUCLEUS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹25.73
BSE:531209 Share Price ** BSE (2019-04-23) in INR ₹379.45
India Software Industry PE Ratio Median Figure of 48 Publicly-Listed Software Companies 15.91x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nucleus Software Exports.

NSEI:NUCLEUS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531209 Share Price ÷ EPS (both in INR)

= 379.45 ÷ 25.73

14.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nucleus Software Exports is good value based on earnings compared to the IN Software industry average.
  • Nucleus Software Exports is good value based on earnings compared to the India market.
Price based on expected Growth
Does Nucleus Software Exports's expected growth come at a high price?
Raw Data
NSEI:NUCLEUS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
15.7%per year
India Software Industry PEG Ratio Median Figure of 9 Publicly-Listed Software Companies 1.02x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:NUCLEUS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.75x ÷ 15.7%

0.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nucleus Software Exports is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Nucleus Software Exports's assets?
Raw Data
NSEI:NUCLEUS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹161.03
BSE:531209 Share Price * BSE (2019-04-23) in INR ₹379.45
India Software Industry PB Ratio Median Figure of 66 Publicly-Listed Software Companies 1.2x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
NSEI:NUCLEUS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531209 Share Price ÷ Book Value per Share (both in INR)

= 379.45 ÷ 161.03

2.36x

* Primary Listing of Nucleus Software Exports.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nucleus Software Exports is overvalued based on assets compared to the IN Software industry average.
X
Value checks
We assess Nucleus Software Exports's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Nucleus Software Exports has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nucleus Software Exports expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nucleus Software Exports expected to grow at an attractive rate?
  • Nucleus Software Exports's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Nucleus Software Exports's earnings growth is positive but not above the India market average.
  • Nucleus Software Exports's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:NUCLEUS Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:NUCLEUS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 15.7%
NSEI:NUCLEUS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.6%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 12%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:NUCLEUS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:NUCLEUS Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 6,067 1,231 1,069 1
2020-03-31 5,427 1,054 891 2
2019-03-31 4,841 854 786 1
NSEI:NUCLEUS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,681 747
2018-09-30 4,511 721
2018-06-30 4,301 686
2018-03-31 4,118 769 626
2017-12-31 3,945 622
2017-09-30 3,816 620
2017-06-30 3,768 652
2017-03-31 3,724 951 662
2016-12-31 3,714 599
2016-09-30 3,648 456
2016-06-30 3,538 365
2016-03-31 3,487 325 325

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nucleus Software Exports's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • Nucleus Software Exports's revenue is expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:NUCLEUS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Nucleus Software Exports Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NUCLEUS Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 36.80 36.80 36.80 1.00
2020-03-31 30.68 32.50 28.86 2.00
2019-03-31 27.10 27.10 27.10 1.00
NSEI:NUCLEUS Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 25.73
2018-09-30 24.83
2018-06-30 23.08
2018-03-31 20.47
2017-12-31 19.82
2017-09-30 19.23
2017-06-30 20.14
2017-03-31 20.43
2016-12-31 18.50
2016-09-30 14.10
2016-06-30 11.27
2016-03-31 10.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nucleus Software Exports is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nucleus Software Exports's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nucleus Software Exports has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nucleus Software Exports performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nucleus Software Exports's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nucleus Software Exports's year on year earnings growth rate has been positive over the past 5 years.
  • Nucleus Software Exports's 1-year earnings growth exceeds its 5-year average (20.1% vs 3.2%)
  • Nucleus Software Exports's earnings growth has not exceeded the IN Software industry average in the past year (20.1% vs 21.7%).
Earnings and Revenue History
Nucleus Software Exports's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nucleus Software Exports Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NUCLEUS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,680.55 747.22 805.07
2018-09-30 4,511.40 721.00 770.60
2018-06-30 4,301.00 686.30 714.30
2018-03-31 4,118.10 625.50 723.90
2017-12-31 3,944.75 622.17 746.90
2017-09-30 3,815.99 619.90 732.31
2017-06-30 3,767.54 652.26 721.69
2017-03-31 3,723.90 661.60 701.70
2016-12-31 3,714.36 598.85 748.62
2016-09-30 3,647.55 456.44 793.04
2016-06-30 3,538.34 365.02 827.29
2016-03-31 3,487.02 324.65 875.00
2015-12-31 3,568.67 389.88 879.27
2015-09-30 3,563.83 515.47 860.99
2015-06-30 3,585.35 598.53 908.06
2015-03-31 3,531.40 647.14 828.30
2014-12-31 3,399.26 629.13 486.64
2014-09-30 3,439.09 667.32 523.36
2014-06-30 3,393.25 648.27 573.81
2014-03-31 3,462.22 643.39 571.86
2013-12-31 3,319.71 559.46 672.04
2013-09-30 3,166.40 448.89 638.22
2013-06-30 3,061.36 440.40 499.62
2013-03-31 2,937.59 451.69 571.37
2012-12-31 2,903.91 435.12 454.21
2012-09-30 2,897.61 412.51 496.37
2012-06-30 2,919.26 426.03 617.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nucleus Software Exports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nucleus Software Exports used its assets less efficiently than the IN Software industry average last year based on Return on Assets.
  • Nucleus Software Exports has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nucleus Software Exports's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nucleus Software Exports has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nucleus Software Exports's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nucleus Software Exports's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nucleus Software Exports is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nucleus Software Exports's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nucleus Software Exports's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Nucleus Software Exports has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nucleus Software Exports Company Filings, last reported 3 months ago.

NSEI:NUCLEUS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,677.00 0.00 2,169.00
2018-09-30 4,677.00 0.00 2,169.00
2018-06-30 4,613.00 0.00 2,142.70
2018-03-31 4,613.00 0.00 2,142.70
2017-12-31 4,432.37 0.00 1,994.77
2017-09-30 4,230.87 0.00 1,724.81
2017-06-30 5,416.76 0.00 3,199.13
2017-03-31 5,349.60 0.30 2,995.90
2016-12-31 4,960.89 0.00 2,896.06
2016-09-30 4,820.34 1.30 2,724.71
2016-06-30 4,682.93 0.00 2,627.44
2016-03-31 4,568.93 12.90 2,374.79
2015-12-31 4,572.69 0.00 2,619.22
2015-09-30 4,493.74 0.90 2,469.77
2015-06-30 4,458.15 3.00 2,627.44
2015-03-31 4,383.66 15.40 2,812.55
2014-12-31 4,371.25 0.00 2,782.99
2014-09-30 4,187.35 0.00 2,671.94
2014-06-30 4,077.43 1.80 2,953.30
2014-03-31 3,970.07 12.05 2,980.19
2013-12-31 3,995.94 0.00 2,799.66
2013-09-30 3,728.25 5.10 2,895.94
2013-06-30 3,608.52 0.00 2,840.60
2013-03-31 3,499.90 17.14 2,667.27
2012-12-31 3,515.96 0.00 2,492.98
2012-09-30 3,404.93 1.90 2,347.59
2012-06-30 3,249.92 0.00 2,227.93
  • Nucleus Software Exports has no debt.
  • Nucleus Software Exports had no debt 5 years ago.
  • Nucleus Software Exports has no debt, it does not need to be covered by operating cash flow.
  • Nucleus Software Exports has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Nucleus Software Exports's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nucleus Software Exports has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nucleus Software Exports's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.11%
Current annual income from Nucleus Software Exports dividends. Estimated to be 2.37% next year.
If you bought ₹2,000 of Nucleus Software Exports shares you are expected to receive ₹42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nucleus Software Exports's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Nucleus Software Exports's dividend is above the markets top 25% of dividend payers in India (1.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:NUCLEUS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Software Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:NUCLEUS Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 10.00 1.00
2020-03-31 8.00 1.00
2019-03-31 8.00 1.00
NSEI:NUCLEUS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-06-08 8.000 2.175
2018-05-03 8.000 2.044
2017-06-15 5.000 1.334
2017-04-25 5.000 1.527
2016-03-16 5.000 2.279
2015-06-12 5.000 2.066
2015-05-07 5.000 1.937
2014-07-18 3.000 1.482
2013-04-29 3.000 2.671
2012-06-18 2.500 3.338
2012-04-30 2.500 3.934
2011-05-02 2.500 3.568
2010-04-26 2.500 2.123
2009-04-24 2.500 2.304

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Nucleus Software Exports's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Nucleus Software Exports's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nucleus Software Exports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nucleus Software Exports has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nucleus Software Exports's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
RP Singh
COMPENSATION ₹18,955,056
AGE 57
TENURE AS CEO 1 years
CEO Bio

Mr. Ravi Pratap Singh, also known as RP, B.A (Hons), PG Diploma, serves as the President and Head of Global Product Management for Nucleus Software Exports Limited. Mr. Singh served as the President of Deliveries for Nucleus Software Exports Limited and also served as its Head of Global Delivery. Mr. Singh served as President of Technologies at Nucleus Software Workshop (P) Ltd. He serves as a Director of Nucleus Software Japan Kabushiki Kaiga, Nucleus Software (HK) Limited and VirStra I-Technology Services Limited, subsidiaries of Nucleus Software Exports Ltd. He has been Executive Director and Chief Executive Officer since April 1, 2018. He has been a Executive Whole -Time Director of Nucleus Software Exports Limited since July 26, 2014. Mr. Singh is a Graduate in B.A (Hons) and holds PG Diploma.

CEO Compensation
  • RP's compensation has increased by more than 20% in the past year.
  • RP's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Nucleus Software Exports management team in years:

3.6
Average Tenure
52
Average Age
  • The tenure for the Nucleus Software Exports management team is about average.
Management Team

RP Singh

TITLE
CEO, President of Products & Executive Whole -Time Director
COMPENSATION
₹19M
AGE
57
TENURE
1 yrs

Vishnu Dusad

TITLE
Co-Founder
COMPENSATION
₹6M
AGE
61
TENURE
22.3 yrs

Ashish Nanda

TITLE
CFO and Global Head of Finance & Accounts
COMPENSATION
₹10M
AGE
44
TENURE
3.6 yrs

Poonam Bhasin

TITLE
Assistant VP of Secretarial
COMPENSATION
₹3M

Anurag Bhatia

TITLE
Senior Vice President
COMPENSATION
₹4M
AGE
52

Parag Bhise

TITLE
Senior Vice President
COMPENSATION
₹3M
AGE
53

Anurag Mantri

TITLE
Senior Vice President
AGE
48

Pankaj Bhatt

TITLE
Global Head of Professional Services
AGE
55

Ashutosh Pande

TITLE
Head of Financial Inclusion
AGE
52

Avnish Datt

TITLE
Global Head of Strategy
AGE
50
Board of Directors Tenure

Average tenure and age of the Nucleus Software Exports board of directors in years:

4.7
Average Tenure
61
Average Age
  • The tenure for the Nucleus Software Exports board of directors is about average.
Board of Directors

S. Acharya

TITLE
Chairman
COMPENSATION
₹2M
AGE
69
TENURE
1.4 yrs

RP Singh

TITLE
CEO, President of Products & Executive Whole -Time Director
COMPENSATION
₹19M
AGE
57
TENURE
4.8 yrs

Vishnu Dusad

TITLE
Co-Founder
COMPENSATION
₹6M
AGE
61

Prithvi Haldea

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
67
TENURE
17.8 yrs

Trilochan Sastry

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
58
TENURE
6 yrs

Elaine Mathias

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
64
TENURE
4.6 yrs

Ritika Dusad

TITLE
Additional Non-Executive Director
COMPENSATION
₹669K
AGE
28
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Nucleus Software Exports's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nucleus Software Exports has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why We’re Not Keen On Nucleus Software Exports Limited’s (NSE:NUCLEUS) 14% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Should We Be Delighted With Nucleus Software Exports Limited's (NSE:NUCLEUS) ROE Of 15%?

We'll use ROE to examine Nucleus Software Exports Limited (NSE:NUCLEUS), by way of a worked example. … Our data shows Nucleus Software Exports has a return on equity of 15% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Has Nucleus Software Exports Limited (NSE:NUCLEUS) Improved Earnings Growth In Recent Times?

Today I will take a look at Nucleus Software Exports Limited's (NSE:NUCLEUS) most recent earnings update (30 June 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the software industry performed. … Check out our latest analysis for Nucleus Software Exports? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 2.9%, indicating the rate at which NUCLEUS is growing has slowed down

Simply Wall St -

Are You Backing The Right Horse With Nucleus Software Exports Limited (NSE:NUCLEUS)?

industry based in India … Whether it’s the next big thing in tech such as artificial intelligence and robotics, or an alliance with a partner in another industry, for example healthcare or manufacturing, tech companies have plenty of opportunities for their companies to thrive … Tech analysts are forecasting for the entire software tech industry,

Simply Wall St -

Is Nucleus Software Exports Limited (NSE:NUCLEUS) An Attractive Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Nucleus Software Exports Limited (NSE:NUCLEUS) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … Let's dig deeper into whether Nucleus Software Exports should have a place in your portfolio.

Simply Wall St -

Estimating The Intrinsic Value Of Nucleus Software Exports Limited (NSE:NUCLEUS)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Nucleus Software Exports Limited (NSE:NUCLEUS) as an investment opportunity. … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not July 2018 then I highly recommend you check out the latest calculation for Nucleus Software Exports by following the link below

Simply Wall St -

Why You Should Look Beyond Nucleus Software Exports Limited's (NSE:NUCLEUS) Growth

Nucleus Software Exports Limited (NSE:NUCLEUS) continues to post impressive revenue growth and its prospects have never been brighter. … I will touched on some key aspects you should know on a high level, around its financials and growth prospects going forward. … Nucleus Software Exports Limited engages in software product development and marketing, and providing support services for corporate business entities in the banking and financial services sector in India, the Far East, South East Asia, Europe, the Middle East, Africa, and Australia.

Simply Wall St -

Can Nucleus Software Exports Limited's (NSE:NUCLEUS) ROE Continue To Surpass The Industry Average?

Nucleus Software Exports Limited (NSE:NUCLEUS) delivered an ROE of 13.56% over the past 12 months, which is relatively in-line with its industry average of 11.52% during the same period. … But what is more interesting is whether NUCLEUS can sustain this level of return. … View our latest analysis for Nucleus Software Exports

Simply Wall St -

Want To Invest In Nucleus Software Exports Limited (NSE:NUCLEUS)? Here's How It Performed Lately

After looking at Nucleus Software Exports Limited's (NSE:NUCLEUS) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Nucleus Software Exports. … NUCLEUS's trailing twelve-month earnings (from 31 March 2018) of ₹625.50m has

Simply Wall St -

Is Nucleus Software Exports Limited's (NSE:NUCLEUS) PE Ratio A Signal To Buy For Investors?

and want to begin learning the link between Nucleus Software Exports Limited (NSE:NUCLEUS)’s fundamentals and stock market performance. … Nucleus Software Exports Limited (NSE:NUCLEUS) is currently trading at a trailing P/E of 17.8x, which is lower than the industry average of 20.3x. … While this makes NUCLEUS appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Company Info

Description

Nucleus Software Exports Limited engages in software product development and marketing, and providing support services for corporate business entities in the banking and financial services sector in India, the Far East, South East Asia, Europe, the Middle East, Africa, and Australia. Its products include FinnOne Neo, a lending solution designed to support retail, corporate, and Islamic sectors comprising customer acquisition system (CAS), a loan origination software, which controls and automates the process of loans and credit card applications; loan management system (LMS), a bank loan management solution; Web based and workflow driven solution that allows financial institutions to manage, monitor, and control the delinquent loan accounts; finance against securities(FAS) that establishes credit lines to individuals and corporate against the pledging of financial securities; Lending Analytics, a solution enabling informed decision making through data visualization and business insight generation; lending mobility suite for banks and financial institutions; Enterprise Content Management that automates the document management processes and enables financial institutions to transition from paper-based to digitized operations; and Islamic financing that offers CAS and LMS modules as per Islamic/Shariah rules. The company also offers FinnAxia, an integrated global transaction banking solution comprising global receivables, global payments, global liquidity management, financial supply chain management, E-trade finance, and business Internet banking. In addition, it provides application, professional, and infrastructure management services; and PaySe payment solutions. The company was founded in 1986 and is headquartered in Noida, India.

Details
Name: Nucleus Software Exports Limited
NUCLEUS
Exchange: NSEI
Founded: 1986
₹11,142,925,798
29,040,724
Website: http://www.nucleussoftware.com
Address: Nucleus Software Exports Limited
A-39, Sector 62,
Noida,
Uttar Pradesh, 201307,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531209 Equity Shares Mumbai Stock Exchange IN INR 27. Nov 2001
NSEI NUCLEUS Equity Shares National Stock Exchange of India IN INR 27. Nov 2001
Number of employees
Current staff
Staff numbers
1,851
Nucleus Software Exports employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:49
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/04
Last earnings filing: 2019/01/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.