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← CockpitCompetitor Analysis › SONATSOFTW.NS Sonata SoftwareOpen in the cockpit ↗

Sonata SoftwareSONATSOFTW.NSCompetitor analysis, valuation and peers

India · INR·IT›Information Technology Services
Momentum laggard 17
Mkt cap
$711M
US dollars, full cap
Free float
60%
of shares outstanding
$/day
$4.08M
20-day average traded
Fwd P/E
13.5×
forward earnings
ROIC−WACC
+4.1 pp
WACC 17.4%
Hurdle
-2 pp
Req g minus delivered
Next earnings
90 days
4 Feb 2027
Close · INR₹239.61
1D+0.8%
1W+7.1%
1M-3.4%
3M-27.8%
6M-11.5%
YTD-33.4%
1Y-35.7%
ATR %4.5%
Beta1.40
52w lowhigh40.2% off high

What Sonata Software does

Employees: 6,386

Sonata Software at a glance

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).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 89SONATSOFTW.NS 81
Six months, rebased to 100: Sonata Software against the median of its 20 peers (local-currency closes).

Sonata Software financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a₹3.95B₹5.59B₹2.56B₹2.64B
Capital expendituren/a₹1.14B₹685M₹254M₹411M
Total debtn/a₹7.23B₹5.16B₹7.65B₹5.91B

Quarterly statements and history in the cockpit →

Sonata Software competitor charts

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.

Performance: 6-month against 1-month return

-25%0%+25%+50%-10%0%+10%EBGNG69479959002657300287300465002279VTEX0026423762300044COK688175VRCMITK0009483012736002886031382506SONATSOFTW.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Sonata Software is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×100×200×300×EBGNG69479959002657VTEXCOKVRC6031382506SONATSOFTW.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sonata Software is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%6947300465002279VTEX0026423762COK688175VRCMITK000948SONATSOFTW.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Sonata Software is the large dot.

Sonata Software competitors and peer comparison

How Sonata Software compares with its peers

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.

Sonata Software against its 20 peers (data as of 6 Nov 2026)
MeasureSONATSOFTW.NSPeer medianRank 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 margin5.0%1.1%8th highest of 21
Forward P/E13.5×21.6×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 pp6th least demanding of 12
ROIC minus cost of capital+4.1 pp-2.6 pp6th highest of 20
EV / EBITDA10.3×13.7×3rd cheapest of 7
Net debt / EBITDA0.2×-0.5×4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Sonata Software SONATSOFTW.NSIndia$711M-12%+4%5%13.5×18.5%+20.4%
Gng Electronics EBGNG.NSIndia$705M+32%+34%11%33.7×n/an/a
Zuken 6947.TJapan$699M+12%+12%14%18.5×-6.8%+8.4%
Linklogis 9959.HKHong Kong$698M+4%+24%-9%136.2×n/an/a
Sinodata 002657.SZChina$734M-30%-31%-33%206.1×n/an/a
Beijing Philisense Technology 300287.SZChina$736M-21%-52%-25%n/an/an/a
Global Infotech 300465.SZChina$685M-28%-19%3%n/a41.1%-11.5%
Beijing Join-Cheer Software 002279.SZChina$750M-22%-34%0%n/a41.2%-1.7%
VTEX VTEXUnited States$666M+6%+10%13%18.3×4.2%+19.5%
Ronglian 002642.SZChina$664M-13%+18%1%n/a43.6%-7.1%
TechMatrix 3762.TJapan$762M+67%+15%10%21.6×-7.5%+18.3%
Shenzhen Sunwin Intelligent 300044.SZChina$663M-14%+116%-679%n/an/an/a
Cancom COK.DEGermany$662M-20%-1%3%17.4×6.5%+7.8%
Zhuhai Comleader Information Science & Technology 688175.SSChina$657M-8%-20%-10%n/a38.7%-10.3%
Vercom VRC.WAPoland$656M-3%0%24%20.6×13.1%+32.2%
Mitek Systems MITKUnited States$778M+10%+11%18%15.5×10.9%+12.1%
Yunnan Nantian Electronics Information 000948.SZChina$783M-8%-8%1%n/a15.7%+18.7%
Shanghai Rychen Technologies 301273.SZChina$645M+60%-6%-30%n/an/an/a
Daheng New Epoch Technology 600288.SSChina$644M-35%-3%11%n/an/an/a
Beijing Vastdata Technology 603138.SSChina$642M-19%+18%-25%57.0×n/an/a
Xunfei Healthcare Technology 2506.HKHong Kong$641M-17%+25%-7%326.1×n/an/a

Questions

Which companies are Sonata Software's closest peers?
The cockpit's peer set: Gng Electronics (EBGNG.NS), Zuken (6947.T), Linklogis (9959.HK), Sinodata (002657.SZ), Beijing Philisense Technology (300287.SZ), Global Infotech (300465.SZ), Beijing Join-Cheer Software (002279.SZ), VTEX (VTEX).
Is Sonata Software expensive compared with its peers?
On forward p/e it trades at 13.5× against a peer median of 21.6×, cheapest of 12 in its peer set. 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.
How has Sonata Software stock performed?
Over six months to 6 Nov 2026 the shares returned -11.5% against -10.4% for the median peer; over one year -35.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.