Software services and product company, Ksolves India, made a remarkable entry into the domestic market three years ago.
Since then, it has generated an impressive 802% return on investment for IPO investors.
In addition to this remarkable growth, the company has consistently distributed dividends to its shareholders, with a total payout of Rs 61.25 over seven instances since its listing.
And now, shareholders can look forward to another dividend as the company has declared a final dividend of Rs 8 for the financial year 2022-23, which has received board approval.
However, the final approval of shareholders is pending and will be sought during the Annual General Meeting (AGM),
the date of which will be announced following the board meeting on June 24, 2023.
At present, the share price of Ksolves stands at Rs 901.65 on the BSE, reflecting a gain of 2.10%.
Ksolves’ Remarkable Growth: 9 Times Increase in Investment
Ksolves’ shares were listed on NSE-SME in the domestic market on July 6, 2020.
The initial offering price was Rs 100 per share, and it has since surged to Rs 901.65.
This represents a remarkable increase of more than nine times in the capital of IPO investors over the span of three years.
On the day of listing, the closing price stood at Rs 106.90.
Overview of Ksolves India
Founded in 2014, Ksolves India offers a range of services in Enterprise Solutions, Software Development, Consulting, and IT Solutions.
The company operates across various sectors including healthcare, telecom, e-commerce, real estate, and finance.
With a global presence in 30 countries, it primarily focuses on the North American market, accounting for 80% of its sales.
Financial Health and Performance
In terms of financial performance, Ksolves India showcased growth in the last quarter,
with its net profit increasing from Rs 6.13 crore to Rs 7.18 crore,
and revenue rising from Rs 20.28 crore to Rs 22.46 crore in the January-March 2023 period.
