Employees: 6,386
Size Sonata Software (SONATSOFTW.NS) is an India Information Technology company (Information Technology Services) with a market value of $711M, the 711th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹239.61 on 6 Nov 2026.
Performance Over six months the shares fell 11.5%, against -10.4% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +5.0%); the operating margin is 5.0% (peer median 1.1%).
Valuation It trades at 13.5× forward earnings against a peer median of 21.6× (cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (17.4% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹110B | ₹107B | ₹102B | ₹86.1B | ₹74.5B |
| Revenue growth | — | +5% | +18% | +16% | — |
| Gross profit | ₹12.3B | ₹8.94B | ₹13.2B | ₹13.0B | ₹9.82B |
| EBITDA | ₹6.55B | ₹6.55B | ₹6.97B | ₹7.35B | ₹6.12B |
| Net income | ₹4.63B | ₹4.64B | ₹4.25B | ₹3.08B | ₹4.52B |
| Free cash flow | n/a | ₹3.95B | ₹5.59B | ₹2.56B | ₹2.64B |
| Capital expenditure | n/a | ₹1.14B | ₹685M | ₹254M | ₹411M |
| Total debt | n/a | ₹7.23B | ₹5.16B | ₹7.65B | ₹5.91B |
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| Measure | SONATSOFTW.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | -1.2% | 10th lowest of 21 |
| 6-month return | -11.5% | -10.4% | 11th highest of 21 |
| Distance from 52-week high | -40.2% | -30.0% | 8th lowest of 21 |
| Revenue growth (TTM) | +4.0% | +5.0% | 11th highest of 21 |
| Operating margin | 5.0% | 1.1% | 8th highest of 21 |
| Forward P/E | 13.5× | 21.6× | cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 18.5% | 13.1% | 5th most demanding of 12 |
| Growth delivered (Del g) | +20.4% | +8.4% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -1.9 pp | -1.3 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +4.1 pp | -2.6 pp | 6th highest of 20 |
| EV / EBITDA | 10.3× | 13.7× | 3rd cheapest of 7 |
| Net debt / EBITDA | 0.2× | -0.5× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sonata Software SONATSOFTW.NS | India | $711M | -12% | +4% | 5% | 13.5× | 18.5% | +20.4% |
| Gng Electronics EBGNG.NS | India | $705M | +32% | +34% | 11% | 33.7× | n/a | n/a |
| Zuken 6947.T | Japan | $699M | +12% | +12% | 14% | 18.5× | -6.8% | +8.4% |
| Linklogis 9959.HK | Hong Kong | $698M | +4% | +24% | -9% | 136.2× | n/a | n/a |
| Sinodata 002657.SZ | China | $734M | -30% | -31% | -33% | 206.1× | n/a | n/a |
| Beijing Philisense Technology 300287.SZ | China | $736M | -21% | -52% | -25% | n/a | n/a | n/a |
| Global Infotech 300465.SZ | China | $685M | -28% | -19% | 3% | n/a | 41.1% | -11.5% |
| Beijing Join-Cheer Software 002279.SZ | China | $750M | -22% | -34% | 0% | n/a | 41.2% | -1.7% |
| VTEX VTEX | United States | $666M | +6% | +10% | 13% | 18.3× | 4.2% | +19.5% |
| Ronglian 002642.SZ | China | $664M | -13% | +18% | 1% | n/a | 43.6% | -7.1% |
| TechMatrix 3762.T | Japan | $762M | +67% | +15% | 10% | 21.6× | -7.5% | +18.3% |
| Shenzhen Sunwin Intelligent 300044.SZ | China | $663M | -14% | +116% | -679% | n/a | n/a | n/a |
| Cancom COK.DE | Germany | $662M | -20% | -1% | 3% | 17.4× | 6.5% | +7.8% |
| Zhuhai Comleader Information Science & Technology 688175.SS | China | $657M | -8% | -20% | -10% | n/a | 38.7% | -10.3% |
| Vercom VRC.WA | Poland | $656M | -3% | 0% | 24% | 20.6× | 13.1% | +32.2% |
| Mitek Systems MITK | United States | $778M | +10% | +11% | 18% | 15.5× | 10.9% | +12.1% |
| Yunnan Nantian Electronics Information 000948.SZ | China | $783M | -8% | -8% | 1% | n/a | 15.7% | +18.7% |
| Shanghai Rychen Technologies 301273.SZ | China | $645M | +60% | -6% | -30% | n/a | n/a | n/a |
| Daheng New Epoch Technology 600288.SS | China | $644M | -35% | -3% | 11% | n/a | n/a | n/a |
| Beijing Vastdata Technology 603138.SS | China | $642M | -19% | +18% | -25% | 57.0× | n/a | n/a |
| Xunfei Healthcare Technology 2506.HK | Hong Kong | $641M | -17% | +25% | -7% | 326.1× | n/a | n/a |