Loading…
Indian subsidiary of Oracle Corporation, developing and selling core banking and financial services software (Flexcube) globally.
Indian subsidiary of Oracle Corporation, developing and selling core banking and financial services software (Flexcube) globally.
Earns from software licences and annual support fees on core banking systems that banks run for decades, plus implementation services and a growing subscription element as banks move to cloud. Oracle Corporation owns most of the shares. Much of its business is outside India.
In one line: Indian listed arm of Oracle's banking software unit.
Moat: narrow (switching costs, installed base, IP / patents). Core banking software is deeply embedded in bank operations, making replacement costly and slow.
Headquarters: Mumbai, India · Founded: 1990 · Employees: 9,155
Size Oracle Financial Services Software (OFSS.NS) is an India Information Technology company (Packaged Software) with a market value of $9.43B, the 130th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹10,215 on 6 Nov 2026.
Performance Over six months the shares gained 7.5%, against +20.5% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 28.1% over the last twelve months (peer median +20.5%); the operating margin is 51.5% (peer median 11.2%).
Valuation It trades at 22.7× forward earnings against a peer median of 35.2× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 152.8 points above its cost of capital (16.2% WACC).
Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹90.6B | ₹76.7B | ₹68.5B | ₹63.7B | ₹57.0B |
| Revenue growth | — | +12% | +7% | +12% | — |
| Gross profit | ₹49.8B | ₹37.4B | ₹32.7B | ₹30.2B | ₹26.1B |
| EBITDA | ₹47.3B | ₹35.4B | ₹30.8B | ₹28.9B | ₹25.3B |
| Net income | ₹35.7B | ₹26.4B | ₹23.8B | ₹22.2B | ₹18.1B |
| Free cash flow | n/a | ₹28.3B | ₹23.8B | ₹20.1B | ₹18.7B |
| Capital expenditure | n/a | ₹517M | ₹352M | ₹301M | ₹381M |
| Total debt | ₹360M | ₹325M | ₹456M | ₹430M | ₹694M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Oracle Financial Services Software OFSS.NS | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% |
| Temenos TEMN.SW | $6.51B | +10% | +30% | 27% | 21.8× | 8.3% |
| Intellect Design Arena INTELLECT.NS | $766M | -34% | +17% | 12% | 17.0× | 28.1% |
| Fiserv FISV | $33.4B | +13% | -2% | 19% | 8.2× | n/a |
| Fidelity National Information Services FIS | $14.8B | -33% | +24% | 22% | 5.1× | n/a |
| Jack Henry & Associates JKHY | $12.1B | +19% | +6% | 25% | 22.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OFSS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | -1.6% | 11th highest of 21 |
| 6-month return | +7.5% | +20.5% | 9th lowest of 21 |
| Distance from 52-week high | -18.5% | -28.3% | 8th highest of 21 |
| Revenue growth (TTM) | +28.1% | +20.5% | 5th highest of 21 |
| Operating margin | 51.5% | 11.2% | highest of 21 |
| Forward P/E | 22.7× | 35.2× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 22.0% | 18.8% | 9th most demanding of 20 |
| Growth delivered (Del g) | +9.0% | +23.4% | 3rd lowest of 20 |
| Hurdle (Req g minus delivered) | +13.0 pp | -10.4 pp | 4th most demanding of 20 |
| ROIC minus cost of capital | +152.8 pp | +0.3 pp | highest of 17 |
| EV / EBITDA | 17.6× | 18.7× | 4th cheapest of 12 |
| Net debt / EBITDA | -1.2× | -0.3× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% | +9.0% |
| Full Truck Alliance Co. Ltd. Sponsored ADR YMM | United States | $9.35B | +4% | +9% | 34% | 12.8× | -10.9% | +36.0% |
| Hinge Health HNGE | United States | $9.34B | +107% | +50% | 19% | 39.6× | 34.1% | +49.9% |
| Elastic ESTC | United States | $9.12B | +65% | +16% | -1% | 24.4× | 13.0% | +23.4% |
| Paylocity PCTY | United States | $9.03B | +56% | +11% | 22% | 19.0× | 2.3% | +22.8% |
| HubSpot HUBS | United States | $10.0B | +2% | +21% | 4% | 12.5× | 25.1% | +28.8% |
| Figma FIG | United States | $10.0B | -9% | +43% | -124% | 54.8× | 22.2% | +43.4% |
| Netskope NTSK | United States | $8.70B | +83% | +30% | -94% | n/a | n/a | n/a |
| Wisetech Global WTC.AX | Australia | $10.3B | +15% | +71% | 31% | 32.6× | 30.1% | +32.3% |
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% | -5.7% |
| DigitalOcean DOCN | United States | $8.55B | -56% | +28% | 12% | 44.7× | 41.6% | +23.1% |
| CSG Digital Power Grid Research Institute 301638.SZ | China | $8.52B | -37% | +18% | 10% | n/a | 18.0% | +8.2% |
| Paycom Software PAYC | United States | $10.5B | +73% | +9% | 30% | 15.9× | 3.3% | +19.5% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 29.9× | 11.1% | +14.8% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 32.3× | 2.7% | +18.8% |
| Xero XRO.AX | Australia | $8.36B | -13% | +27% | 13% | 66.7× | 25.9% | +25.3% |
| SailPoint SAIL | United States | $11.0B | +57% | +20% | -19% | 53.5× | 42.0% | +24.7% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| Capcom 9697.T | Japan | $11.0B | +25% | +21% | 41% | 27.0× | -2.2% | +15.4% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |