With a market capitalization of Rs 3,060 crores, Nucleus Software Exports Ltd shares were trading at Rs 1,158, up 2.80 percent on Thursday’s trading session as compared to the previous closing price of Rs 1,132.
As per BSE filings, Company announced a strategic partnership with Mahindra & Mahindra Financial Services Limited. This collaboration will automate Mahindra Finance’s post-disbursement loan lifecycle and boost Mahindra Finance’s loan management structure.
Further, FinnOne NeoTM, the flagship product of Nucleus Software will assist in the building framework to scale up the lending business via Fintech.
The stock climbed by 188 percent in the last four months from Rs 400 to current levels, while year-to-date basis stock gained by 195 percent from Rs 390.65 to current values. If an investor bought 1 lakh shares, their holdings would be worth 2.88 lakhs in four months.
Mahindra & Mahindra Financial Services Limited is a mid-cap company, engaged in non-banking finance operations. Focused on the rural and semi-urban sectors in india.Company shares were trading at Rs 294.25 apiece.
Nucleus Software Limited provides solutions for lending and transaction banking products to the global financial services industry. The company caters to more than 50 countries as well as develops solutions for retail lending, cash management, internet banking, automotive finance, and other business areas.
According to the Nucleus Software financials, Operational revenue climbed from Rs 153 crores in Q4FY22 to Rs 206 crores in Q4FY23, During the same time period, the company’s net profit increased from Rs 18 crores to Rs 67 crores.
Revenue increased by 28% yearly, from Rs 497 crores in FY 21-22 to Rs 634 crores in FY 22-23. Net profit climbed by 217 percent within the same period, from Rs 40 crores to Rs 127 crores.
Profitability ratios are significant over the period, ROE is 21 percent for FY 23, and ROCE is 26 percent. Furthermore, the firm has consistently maintained a net profit margin of 20 percent and an operating margin of 27.12 percent.
As per the latest shareholding pattern, promoters own 73.28 percent of the firm, while Foreign Institutional Investors (FIIs) own 4.2 percent.
Written by Omkar C
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