Major Estimate Revision • Jul 29
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from ₹87.4b to ₹95.6b. EPS estimate increased from ₹361 to ₹437 per share. Net income forecast to grow 12% next year vs 29% growth forecast for Software industry in India. Consensus price target up from ₹10,695 to ₹13,050. Share price rose 5.4% to ₹11,427 over the past week. Duyuru • Jul 23
Oracle Financial Services Software Limited Announces Resignation of Makarand Padalkar as Chief Executive Officer, Effective July 23, 2026 Oracle Financial Services Software Limited reported that Mr. Makarand Padalkar (DIN: 02115514), Chief Executive Officer of the Company tendered his resignation which will be effective from of the end of the day of July 23, 2026. Mr. Padalkar will continue with the Company for some time to ensure a smooth handover. The Board of Directors of the Company has accepted his resignation in its meeting held on July 22, 2026 and placed on record its appreciation for the contributions made by Mr. Padalkar during his tenure with the Company. Duyuru • Jul 15
Oracle Financial Services Software Limited to Report Q1, 2027 Results on Jul 22, 2026 Oracle Financial Services Software Limited announced that they will report Q1, 2027 results on Jul 22, 2026 Reported Earnings • Jun 26
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹304 (up from ₹274 in FY 2025). Revenue: ₹76.7b (up 12% from FY 2025). Net income: ₹26.4b (up 11% from FY 2025). Profit margin: 34% (in line with FY 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹10,979, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Software industry in India. Total returns to shareholders of 218% over the past three years. Duyuru • Jun 11
Oracle Financial Services Software Limited, Annual General Meeting, Jul 23, 2026 Oracle Financial Services Software Limited, Annual General Meeting, Jul 23, 2026, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹9,681, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Software industry in India. Total returns to shareholders of 206% over the past three years. Declared Dividend • Apr 25
Final dividend of ₹270 announced Shareholders will receive a dividend of ₹270. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio) nor is it covered by cash flows (135% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 46% to bring the payout ratio under control. EPS is expected to grow by 38% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Price Target Changed • Apr 24
Price target increased by 8.0% to ₹10,695 Up from ₹9,900, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ₹8,793. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of ₹361 for next year compared to ₹304 last year. Reported Earnings • Apr 23
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹304 (up from ₹274 in FY 2025). Revenue: ₹76.7b (up 12% from FY 2025). Net income: ₹26.4b (up 11% from FY 2025). Profit margin: 34% (in line with FY 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Simon de Montfort Walker was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 23
Oracle Financial Services Software Limited Announces Re-Constitution of Committees, Effective January 23, 2026 Oracle Financial Services Software Limited, at the board meeting held on January 21, 2026 approved the re-constitution of the following Committees of the Board, effective January 23, 2026: Nomination and Remuneration Committee: Mr. Mrugank Paranjape Chairperson, Non-Executive, Independent Director; Ms. Jane Murphy Member, Non-Executive, Independent Director; Ms. Kimberly Woolley Member, Non-Executive, Non-Independent Director. Corporate Social Responsibility Committee: Ms. Kimberly Woolley Chairperson, Non-Executive, Non-Independent Director; Ms. Jane Murphy Member, Non-Executive, Independent Director; Mr. Makarand Padalkar Member, Managing Director & Chief Executive Officer. Reported Earnings • Jan 22
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹70.08 (up from ₹62.37 in 3Q 2025). Revenue: ₹19.7b (up 15% from 3Q 2025). Net income: ₹6.10b (up 13% from 3Q 2025). Profit margin: 31% (in line with 3Q 2025). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 13
Oracle Financial Services Software Limited to Report Q3, 2026 Results on Jan 21, 2026 Oracle Financial Services Software Limited announced that they will report Q3, 2026 results on Jan 21, 2026 Duyuru • Jan 05
Oracle Financial Services Software Limited Announces Resignation of Harinderjit Singh as Non-Executive, Non-Independent Director and A Member of the Nomination & Remuneration Committee and Corporate Social Responsibility Committee, Effective January 22, 2026 Oracle Financial Services Software Limited announced that Mr. Harinderjit Singh, Non-Executive, Non-Independent Director of the Company, has tendered his resignation which will be effective January 22, 2026. Consequently, he shall also cease to be a member of the Nomination & Remuneration Committee and Corporate Social Responsibility Committee of the Company from the aforementioned date. The resignation and related disclosures are made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated July 13, 2023. Mr. Harinderjit Singh served as a Non-Executive, Non-Independent Director. His resignation is due to professional and personal commitments. The resignation was communicated to the National Stock Exchange of India Limited and BSE Ltd., with relevant details provided as per regulatory requirements. Upcoming Dividend • Oct 27
Upcoming dividend of ₹130 per share Eligible shareholders must have bought the stock before 03 November 2025. Payment date: 15 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (1.7%). Duyuru • Oct 20
Oracle Financial Services Software Limited Approves Interim Dividend for the Financial Year 2025-26, Payable on or Before November 15, 2025 The Board of Directors of the Oracle Financial Services Software Limited at its meeting held on October 17, 2025, approved an Interim Dividend for the financial year 2025-26 of INR 130/- per equity share of face value of INR 5/- each; and fixed November 3, 2025 as the Record Date for the purpose of said Interim Dividend; decided that the Interim Dividend be paid on or before November 15, 2025 to the Shareholders whose names appear on the list of members of the Company as at the close of business on November 3, 2025. Reported Earnings • Oct 20
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹62.84 (down from ₹66.61 in 2Q 2025). Revenue: ₹18.6b (up 11% from 2Q 2025). Net income: ₹5.46b (down 5.5% from 2Q 2025). Profit margin: 29% (down from 35% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 10
Oracle Financial Services Software Limited to Report Q2, 2026 Results on Oct 17, 2025 Oracle Financial Services Software Limited announced that they will report Q2, 2026 results on Oct 17, 2025 Duyuru • Jul 15
Oracle Financial Services Software Limited to Report Q1, 2026 Results on Jul 23, 2025 Oracle Financial Services Software Limited announced that they will report Q1, 2026 results on Jul 23, 2025 Reported Earnings • Jul 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹274 (up from ₹256 in FY 2024). Revenue: ₹68.5b (up 7.4% from FY 2024). Net income: ₹23.8b (up 7.2% from FY 2024). Profit margin: 35% (in line with FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 12
Oracle Financial Services Software Limited, Annual General Meeting, Jul 24, 2025 Oracle Financial Services Software Limited, Annual General Meeting, Jul 24, 2025, at 15:00 Indian Standard Time. Price Target Changed • Apr 29
Price target decreased by 12% to ₹10,000 Down from ₹11,400, the current price target is provided by 1 analyst. New target price is 13% above last closing price of ₹8,841. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹309 for next year compared to ₹274 last year. Declared Dividend • Apr 27
Dividend increased to ₹265 Dividend of ₹265 is 10% higher than last year. Ex-date: 8th May 2025 Payment date: 17th May 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 7.4% to bring the payout ratio under control. EPS is expected to grow by 25% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Apr 26
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹274 (up from ₹256 in FY 2024). Revenue: ₹68.5b (up 7.4% from FY 2024). Net income: ₹23.8b (up 7.2% from FY 2024). Profit margin: 35% (in line with FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 17
Oracle Financial Services Software Limited to Report Q4, 2025 Results on Apr 25, 2025 Oracle Financial Services Software Limited announced that they will report Q4, 2025 results on Apr 25, 2025 Reported Earnings • Jan 16
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹62.37 (down from ₹85.53 in 3Q 2024). Revenue: ₹17.8b (down 2.1% from 3Q 2024). Net income: ₹5.41b (down 27% from 3Q 2024). Profit margin: 30% (down from 41% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 07
Oracle Financial Services Software Limited to Report Q3, 2025 Results on Jan 15, 2025 Oracle Financial Services Software Limited announced that they will report Q3, 2025 results on Jan 15, 2025 Recent Insider Transactions • Dec 06
Compliance Officer & Company Secretary recently sold ₹1.2m worth of stock On the 2nd of December, Onkarnath Banerjee sold around 100 shares on-market at roughly ₹11,749 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹60m. Insiders have been net sellers, collectively disposing of ₹605m more than they bought in the last 12 months. Reported Earnings • Oct 25
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹66.61 (up from ₹48.25 in 2Q 2024). Revenue: ₹16.7b (up 16% from 2Q 2024). Net income: ₹5.78b (up 38% from 2Q 2024). Profit margin: 35% (up from 29% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 16
Oracle Financial Services Software Limited to Report Q2, 2025 Results on Oct 24, 2024 Oracle Financial Services Software Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Recent Insider Transactions • Sep 25
CEO, MD & Executive Director recently sold ₹31m worth of stock On the 20th of September, S. Padalkar sold around 3k shares on-market at roughly ₹11,214 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. S. has been a net seller over the last 12 months, reducing personal holdings by ₹69m. Recent Insider Transactions • Sep 20
Insider recently sold ₹12m worth of stock On the 13th of September, Vinay Limaye sold around 1k shares on-market at roughly ₹12,284 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹504m more than they bought in the last 12 months. Recent Insider Transactions • Sep 04
Compliance Officer & Company Secretary recently sold ₹6.7m worth of stock On the 28th of August, Onkarnath Banerjee sold around 600 shares on-market at roughly ₹11,106 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹19m. Insiders have been net sellers, collectively disposing of ₹479m more than they bought in the last 12 months. New Risk • Aug 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹49m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Significant insider selling over the past 3 months (₹49m sold). Recent Insider Transactions • Aug 02
Compliance Officer & Company Secretary recently sold ₹8.3m worth of stock On the 29th of July, Onkarnath Banerjee sold around 750 shares on-market at roughly ₹11,114 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹19m. Insiders have been net sellers, collectively disposing of ₹469m more than they bought in the last 12 months. Price Target Changed • Jul 26
Price target increased by 31% to ₹10,500 Up from ₹7,990, the current price target is provided by 1 analyst. New target price is 5.3% below last closing price of ₹11,084. Stock is up 191% over the past year. The company is forecast to post earnings per share of ₹289 for next year compared to ₹256 last year. Duyuru • Jul 16
Oracle Financial Services Software Limited to Report Q1, 2025 Results on Jul 24, 2024 Oracle Financial Services Software Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Reported Earnings • Jun 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹256 (up from ₹209 in FY 2023). Revenue: ₹63.7b (up 12% from FY 2023). Net income: ₹22.2b (up 23% from FY 2023). Profit margin: 35% (up from 32% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 14
Oracle Financial Services Software Limited, Annual General Meeting, Jul 25, 2024 Oracle Financial Services Software Limited, Annual General Meeting, Jul 25, 2024, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹8,434, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 32x in the Software industry in India. Total returns to shareholders of 161% over the past three years. Duyuru • Apr 26
Oracle Financial Services Software Limited Approves Interim Dividend for the Financial Year 2023-24, Payable on or Before May 23, 2024 Oracle Financial Services Software Limited at its board of directors meeting held on April 24, 2024, approved an Interim Dividend for the financial year 2023-24 of INR 240.00 per equity share of face value of INR 5.00 each, fixed May 7, 2024 as the Record Date for the purpose of said Interim Dividend, decided that the Interim Dividend be paid on or before May 23, 2024 to the Shareholders whose names appear on the list of members of the Company as at the close of business on May 7, 2024. Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹256 (up from ₹209 in FY 2023). Revenue: ₹67.2b (up 18% from FY 2023). Net income: ₹22.2b (up 23% from FY 2023). Profit margin: 33% (up from 32% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 16
Oracle Financial Services Software Limited to Report Q4, 2024 Results on Apr 24, 2024 Oracle Financial Services Software Limited announced that they will report Q4, 2024 results on Apr 24, 2024 Duyuru • Mar 30
Oracle Financial Services Software Limited Announces Retirement of Board Members, Effective on March 31, 2024 Oracle Financial Services Software Limited announced that Mr. S Venkatachalam and Mr. Richard Jackson, Non-Executive, Independent Directors of the Company, are completing their tenure as Independent Directors of the Company on March 31, 2024. They shall retire from the Board of Directors of the Company, with effect from close of business hours on March 31, 2024. Recent Insider Transactions • Mar 20
Insider recently sold ₹17m worth of stock On the 12th of March, Vinayak Hampihallikar sold around 2k shares on-market at roughly ₹8,492 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹59m. Insiders have been net sellers, collectively disposing of ₹468m more than they bought in the last 12 months. Recent Insider Transactions • Mar 12
Insider recently sold ₹24m worth of stock On the 6th of March, Chaitanya Kamat sold around 3k shares on-market at roughly ₹7,940 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹59m. Insiders have been net sellers, collectively disposing of ₹407m more than they bought in the last 12 months. Recent Insider Transactions • Feb 28
Independent Chairman recently sold ₹7.7m worth of stock On the 20th of February, Sambasivan Venkatachalam sold around 1k shares on-market at roughly ₹7,736 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹59m. Sambasivan has been a net seller over the last 12 months, reducing personal holdings by ₹18m. Recent Insider Transactions • Feb 20
Chief Financial Officer recently sold ₹7.5m worth of stock On the 13th of February, Avadhut Ketkar sold around 1k shares on-market at roughly ₹7,495 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹59m. Avadhut has been a net seller over the last 12 months, reducing personal holdings by ₹20m. Recent Insider Transactions • Feb 18
Insider recently sold ₹9.4m worth of stock On the 9th of February, Vikram Gupta sold around 1k shares on-market at roughly ₹7,485 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹59m. Insiders have been net sellers, collectively disposing of ₹350m more than they bought in the last 12 months. Recent Insider Transactions • Feb 15
Insider recently sold ₹56m worth of stock On the 6th of February, Vikram Gupta sold around 8k shares on-market at roughly ₹6,980 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹280m more than they bought in the last 12 months. Recent Insider Transactions • Jan 27
CEO, MD & Director recently sold ₹39m worth of stock On the 23rd of January, S. Padalkar sold around 6k shares on-market at roughly ₹6,436 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was S.'s only on-market trade for the last 12 months. New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 119% Reported Earnings • Jan 18
Third quarter 2024 earnings released: EPS: ₹85.53 (vs ₹50.63 in 3Q 2023) Third quarter 2024 results: EPS: ₹85.53 (up from ₹50.63 in 3Q 2023). Revenue: ₹19.2b (up 32% from 3Q 2023). Net income: ₹7.41b (up 69% from 3Q 2023). Profit margin: 39% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5,079, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 34x in the Software industry in India. Total returns to shareholders of 83% over the past three years. Duyuru • Jan 09
Oracle Financial Services Software Limited to Report Q3, 2024 Results on Jan 17, 2024 Oracle Financial Services Software Limited announced that they will report Q3, 2024 results on Jan 17, 2024 Reported Earnings • Oct 20
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: ₹48.25 (up from ₹46.06 in 2Q 2023). Revenue: ₹15.1b (up 9.7% from 2Q 2023). Net income: ₹4.17b (up 5.0% from 2Q 2023). Profit margin: 28% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Duyuru • Oct 11
Oracle Financial Services Software Limited to Report Q2, 2024 Results on Oct 18, 2023 Oracle Financial Services Software Limited announced that they will report Q2, 2024 results on Oct 18, 2023 Duyuru • Oct 05
Oracle Financial Services Software Limited Appoints Avadhut Ketkar as Chief Financial Officer, Effective October 5, 2023 Oracle Financial Services Software Limited at its board meeting held on October 3, 2023, approved the appointment of Mr. Avadhut Ketkar as Chief Financial Officer (Key Managerial Personnel) based on the recommendation of the Nomination and Remuneration Committee, with effect from October 5, 2023. Reconstitution of Corporate Social Responsibility Committee, effective October 5, 2023, as: Mr. Harinderjit Singh - Chairperson, Non-Executive, Non-Independent Director; Mr. S Venkatachalam - Member, Non-Executive, Independent Director and Mr. Makarand Padalkar - Member, Managing Director and Chief Executive Officer. Reconstitution of Risk Management Committee effective October 5, 2023, as: Mr. Sridhar Srinivasan - Chairperson, Non-Executive, Independent Director; Mr. Makarand Padalkar - Member, Managing Director and Chief Executive Officer; and Mr. Avadhut Ketkar - Member, Chief Financial Officer. Recent Insider Transactions • Sep 14
Compliance Officer & Company Secretary recently sold ₹2.1m worth of stock On the 8th of September, Onkarnath Banerjee sold around 500 shares on-market at roughly ₹4,280 per share. This transaction amounted to 92% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹6.9m. Insiders have been net sellers, collectively disposing of ₹53m more than they bought in the last 12 months. Duyuru • Sep 06
Oracle Financial Services Software Limited Announces Retirement of Chaitanya Kamat as Chief Executive Officer, Effective October 4, 2023 Oracle Financial Services Software Limited announced that Mr. Chaitanya Kamat, Chief Executive Officer of the Company, has decided to retire and has tendered his resignation which will be effective from close of business hours of October 4, 2023. The Board of Directors of the Company has accepted his resignation in its meeting held on September 4, 2023 and placed on record its appreciation for the contributions made by Mr. Kamat during his tenure with the Company. Recent Insider Transactions • Aug 23
Chief Accounting Officer recently sold ₹4.0m worth of stock On the 18th of August, Avadhut Ketkar sold around 1k shares on-market at roughly ₹4,029 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹42m more than they bought in the last 12 months. Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: ₹57.94 (vs ₹56.97 in 1Q 2023) First quarter 2024 results: EPS: ₹57.94 (up from ₹56.97 in 1Q 2023). Revenue: ₹15.6b (up 11% from 1Q 2023). Net income: ₹5.01b (up 1.9% from 1Q 2023). Profit margin: 32% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Duyuru • Jul 18
Oracle Financial Services Software Limited to Report Q1, 2024 Results on Jul 26, 2023 Oracle Financial Services Software Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Jul 26, 2023 Recent Insider Transactions • Jun 28
Independent Chairman recently sold ₹3.8m worth of stock On the 22nd of June, Sambasivan Venkatachalam sold around 1k shares on-market at roughly ₹3,847 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹11m. This was Sambasivan's only on-market trade for the last 12 months. Duyuru • Jun 15
Oracle Financial Services Software Limited, Annual General Meeting, Jul 27, 2023 Oracle Financial Services Software Limited, Annual General Meeting, Jul 27, 2023, at 17:00 Indian Standard Time. Recent Insider Transactions • May 12
Insider recently sold ₹6.3m worth of stock On the 10th of May, Priyanshu Bhatt sold around 2k shares on-market at roughly ₹3,480 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹20m more than they bought in the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of ₹225 per share at 6.3% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its profits and is paying out 95% of its cash flow. Trailing yield: 6.3%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹209 (down from ₹219 in FY 2022). Revenue: ₹58.9b (up 13% from FY 2022). Net income: ₹18.1b (down 4.4% from FY 2022). Profit margin: 31% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 06
Insider recently sold ₹1.1m worth of stock On the 31st of March, Manish Bhandari sold around 330 shares on-market at roughly ₹3,262 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.6m. Insiders have been net sellers, collectively disposing of ₹11m more than they bought in the last 12 months. Recent Insider Transactions • Mar 22
Insider recently sold ₹4.6m worth of stock On the 17th of March, Manish Bhandari sold around 1k shares on-market at roughly ₹3,260 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.4m more than they bought in the last 12 months. Recent Insider Transactions • Feb 18
Compliance Officer & Company Secretary recently sold ₹1.6m worth of stock On the 15th of February, Onkarnath Banerjee sold around 500 shares on-market at roughly ₹3,156 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.6m more than they bought in the last 12 months. Reported Earnings • Jan 19
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: ₹50.63 (up from ₹50.50 in 3Q 2022). Revenue: ₹14.9b (up 18% from 3Q 2022). Net income: ₹4.37b (flat on 3Q 2022). Profit margin: 29% (down from 34% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.5%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 11
Oracle Financial Services Software Limited to Report Q3, 2023 Results on Jan 18, 2023 Oracle Financial Services Software Limited announced that they will report Q3, 2023 results on Jan 18, 2023 Price Target Changed • Nov 16
Price target decreased to ₹4,500 Down from ₹5,000, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₹3,078. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₹236 for next year compared to ₹219 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. CFO & Whole-time Director S. Padalkar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: ₹46.06 (down from ₹51.95 in 2Q 2022). Revenue: ₹13.8b (up 7.4% from 2Q 2022). Net income: ₹3.98b (down 11% from 2Q 2022). Profit margin: 29% (down from 35% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Oct 12
Oracle Financial Services Software Limited to Report Q2, 2023 Results on Oct 19, 2022 Oracle Financial Services Software Limited announced that they will report Q2, 2023 results on Oct 19, 2022 Buying Opportunity • Sep 15
Now 20% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be ₹3,889, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 16% in the next year. Recent Insider Transactions • Aug 10
Compliance Officer & Company Secretary recently sold ₹2.0m worth of stock On the 5th of August, Onkarnath Banerjee sold around 600 shares on-market at roughly ₹3,344 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹201m more than they bought in the last 12 months. Price Target Changed • Jul 22
Price target decreased to ₹4,500 Down from ₹5,300, the current price target is provided by 1 analyst. New target price is 41% above last closing price of ₹3,194. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹243 for next year compared to ₹219 last year. Duyuru • Jul 12
Oracle Financial Services Software Limited to Report Q2, 2022 Results on Jul 20, 2022 Oracle Financial Services Software Limited announced that they will report Q2, 2022 results at 3:30 PM, Indian Standard Time on Jul 20, 2022 Reported Earnings • Jul 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹219 (up from ₹205 in FY 2021). Revenue: ₹52.2b (up 4.8% from FY 2021). Net income: ₹18.9b (up 7.2% from FY 2021). Profit margin: 36% (in line with FY 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 15%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buying Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₹3,774, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 32% in the next 2 years. Duyuru • Jun 16
Oracle Financial Services Software Limited, Annual General Meeting, Aug 03, 2022 Oracle Financial Services Software Limited, Annual General Meeting, Aug 03, 2022, at 17:00 Indian Standard Time. Reported Earnings • May 06
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹219 (up from ₹205 in FY 2021). Revenue: ₹53.6b (up 6.6% from FY 2021). Net income: ₹18.9b (up 7.2% from FY 2021). Profit margin: 35% (in line with FY 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 16%, compared to a 24% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • May 05
Oracle Financial Services Software Limited Proposes an Interim Dividend for the Financial Year 2021-22, Payable on or Before June 2, 2022 The board of directors of Oracle Financial Services Software Limited at its meeting held on May 4, 2021 approved an Interim Dividend for the financial year 2021-22 of INR 190 per equity share of face value of INR 5 each; fixed May 17, 2021 as the Record Date for the purpose of said Interim Dividend; decided that the Interim Dividend be paid on or before June 2, 2021 to the Shareholders whose names appear on the list of members of the Company as at close of business on May 17, 2021. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. CFO, Chief of Staff & Investor Relations and Whole-time Director S. Padalkar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. CFO, Chief of Staff & Investor Relations and Whole-time Director S. Padalkar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. CFO, Chief of Staff & Investor Relations and Whole-time Director S. Padalkar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jan 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be ₹4,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years. Reported Earnings • Jan 20
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹50.50 (up from ₹49.96 in 3Q 2021). Revenue: ₹13.0b (up 4.6% from 3Q 2021). Net income: ₹4.35b (up 1.3% from 3Q 2021). Profit margin: 33% (down from 35% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 16%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.