Excelsoft Technologies Ltd(EXCELSOFT)

NSE: EXCELSOFTBSE: 544617

₹ 75.34-0.80%refreshed 26 Oct, 10:26 am ISTMarket cap: ₹ 867 crNext results: 5 Nov 2026Website: www.excelsoftcorp.comUpdated: 24 Oct 2026

About

Excelsoft Technologies provides education technology services, assessment and proctoring platforms, learning and student success solutions, and learning design and content to education, certification, publishing and public-sector clients. FY26 revenue was Rs 272.52 Cr across four reported segments. North America accounted for 64.9% of revenue in FY26, and Q1 FY27 headcount was 1,114.^[1][2][3][4]

Business segments

Educational technology services: Rs 153.62 Cr, 56.4% of revenue in FY26; 63.4% of revenue in Q1 FY27, when it grew 177% YoY^[2][4]
Assessment and proctoring solutions: Rs 74.36 Cr, 27.3% of revenue in FY26^[2]
Learning and student success solutions: Rs 32.16 Cr, 11.8% of revenue in FY26^[2]
Learning design and content solutions: Rs 12.38 Cr, 4.5% of revenue in FY26^[2]

Products and AI portfolio

As of Q3 FY26, four AI-first products had launched: AI-levate App Suite, Saras SchoolAI, Saras Assessments in-a-Box and CareerSPARC. These came from 38 ideas, 16 prototypes and 9 customer pilots^[5]
As of Q2 FY26, the AI-Levate suite had 16 micro-apps covering item generation, proctoring and post-test forensics^[6]
In Q1 FY27, about INR 4 cr of fresh capitalisation went entirely into AI-native product development; AI-powered products for the mid-market segment are planned^[4]
In Q1 FY27, the company spent INR 62 lakh training about 300 employees in AI capabilities^[4]

Operations and delivery

Headcount was 1,114 in Q1 FY27^[4]
A US nearshore team of 30 domain consultants was hired in January 2026. Nearshore revenue was about INR 10 cr in Q1 FY27, with gross margin of about 26%, up from single digits at inception^[3][4]
About INR 40 cr of nearshore revenue had been secured for FY27 as of Q1 FY27^[4]
A Canada office is being explored to support US business development, as of Q1 FY27^[4]

Customers and markets

Top 5 customers made up about 70% and top 10 about 83% of revenue in Q1 FY27, vs 68% and 78% in FY26^[4][3]
Average tenure of the top 10 clients was about 11 years in FY26^[3]
North America made up 64.9% of revenue in FY26; it was 63% in Q2 FY26 vs 69.5% in Q2 FY25^[3][6]
UK and Europe made up 22.5% of revenue in Q2 FY26^[6]
14 new clients were added in FY26 across education, certification, publishing and the public sector^[3]
Multi-year platform wins: the Philippines Civil Service Commission (300,000+ candidates a year) and VTCT UK (300,000 exams a year), as of Q3 FY26^[5]

Order book and key contracts

The confirmed order book was about INR 300 cr executable in FY27, as stated in Q4 FY26^[3]
AQA (UK exam body) engagement went live after an LOI dated 1 March 2026. Billing was INR 2.5 cr in Q1 FY27, with INR 12-15 cr expected in FY27^[3][4]
AQA visibility is about USD 17 mn over four years, and it is projected to become the second-largest account, per Q1 FY27^[4]

Expansion and capex

INR 62 crore of IPO proceeds is earmarked for land and a new Mysore development centre. The land was acquired as of Q2 FY26, with the build expected over about two years^[6]
INR 39.5 crore is earmarked for upgrading the existing Mysore facility^[6]
About INR 245 crore in fixed deposits is earmarked for acquisitions, as of Q2 FY26^[6]
Three acquisition targets as of Q1 FY27: one in the US at final negotiation and two in India, one at the non-binding offer stage and one in early talks^[4]
Planned expansion into Egypt, France, Italy, Brazil and the Philippines; sales hires made in the US, UK, Middle East and Singapore^[3][5]

Recent developments

Listed on 26 Nov 2025 after an IPO that raised INR 500 crores^[6]
In Q3 FY26, a Rs 300 crore corporate guarantee was withdrawn and a Rs 165 crore fixed deposit lien was released^[5]
Doreswamy Palaniswamy joined as CEO in early April 2026^[3]
A Big-Four firm is to be appointed statutory auditor from FY27^[5]
In Q1 FY27, the National Testing Agency approached the company, and it is engaging with the government's 4-member exam task force^[4]

Market Cap

₹867 Cr

High / Low

₹143 / 66

Stock P/E

18.7

Price / Book

1.5

Book Value

₹50

EPS

₹3.8

No. of Shares

11.51 Cr

ROCE

11.6%

ROE

7.5%

OPM

23.2%

Debt / Equity

0.00

Sales

₹273 Cr

Net Profit

₹43 Cr

Promoter holding

59.1%

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