Company Overview

Micropro Software Solutions Ltd, incorporated in 1996, is a distinguished provider of IT-based solutions, specializing in the design, development, standardization, and implementation of major software solutions and IT projects. Serving a diverse range of industry verticals, the company delivers customized software solutions for Central and State Governments, Public Sector Undertakings (PSUs), and Corporates. With over 30 years of active engagement in Information Technology and related services, Micropro has cultivated extensive global expertise, achieving a remarkable track record of accomplishments and inspiring success stories across various sectors.

The company operates as a comprehensive IT service provider, boasting a highly skilled techno-expert team of more than 150 IT professionals. Micropro Software Solutions Ltd is an ISO 90001:2015 certified company dedicated to designing software solutions across various industry verticals. Its specializations include infrastructure management services, server management, virtualization services, storage and backup management, network management, security management, database management, middleware administration, and data center operations management.

Global Client Base and Market Presence

Micropro Software Solutions Ltd serves a substantial client base of approximately 4000 customers, with a significant presence in India, USA, UAE, and Africa. The company's extensive client portfolio spans government institutions, large corporations, and various other sectors, showcasing a history of successful projects that consistently meet and surpass expectations. The company's registered office is located at Plat # 28, 702 Wing A, 7th Floor, IT Park Gayatri Nagar, Nagpur, Maharashtra, 440022.

Stock Market Performance and Valuation

As of April 17, 2025, Micropro Software Solutions Ltd (MICROPRO) shares traded at ₹27.10 on both NSE and BSE. The company holds a Market Capitalization of ₹34.0 Crore. The stock has experienced notable volatility, with a 52-week high of ₹54.90 and a 52-week low of ₹18.15.

The shares were listed on the NSE SME (Small and Medium Enterprises) platform on November 10, 2023. The Micropro Software IPO price was ₹81 per share. Trading on the SME platform reflects its status as a growing mid-sized enterprise within the IT sector.

Financial Performance and Key Metrics

The company's financial performance has shown mixed results in recent years. As of March 31, 2024, Micropro Software reported annual revenue of ₹22.3 Crore. However, recent figures indicating Revenue of ₹23.1 Cr and a Profit of -₹1.85 Cr highlight recent profitability challenges.

Key financial ratios as of recent data include:

• Stock P/E: 7.17

• Book Value: ₹32.3

• ROCE: 14.4 %

• ROE: 9.73 %

• Face Value: ₹10.0

On a trailing twelve-month basis, Micropro Software Solutions Ltd has an operating revenue of Rs. 74.85 Cr. While the annual revenue shows a 0% de-growth which needs improvement, the pre-tax margin of 21% is strong, and the ROE of 6% is considered fair but warrants enhancement.

Management and Corporate Governance

Promoter holding in Micropro Software Solutions Ltd saw a slight increase to 46.60% as of September 2024, up from 46.59% in November 2023. Micropro Software is a public company based in Nagpur, India, founded in 1988 by Meher Pophali, Prashanth Rajurkar, Manish Peshkar, and Sanjay Mokashi. The stable promoter holding suggests management's confidence in the business prospects.

Working Capital and Operational Challenges

The company faces some operational challenges, notably with high debtors amounting to 258 days. Working capital days have also increased significantly, from 173 days to 286 days. Despite these working capital management issues, the company is debt-free, possessing a strong balance sheet that supports stable earnings growth across business cycles and provides considerable financial flexibility.

Recent Corporate Updates

27 May 2025: Micropro Software Solutions approved audited financial results for the year ended March 31, 2025, with an unmodified audit opinion. The company consistently maintains regulatory compliance and provides timely disclosures to investors through announcements concerning trading window closures, litigation updates, and financial results.

Micropro Software Solutions Ltd operates within the competitive IT services sector, continuously focusing on expanding its service offerings and geographical reach while nurturing its strong client relationships, established over three decades of operational excellence.