B2B Software Peer Comparison

BSE: 531268

₹23.96

₹0.21 (0.88%)

As on 28-Aug-2026IST

Market cap

₹42 Cr

Revenue (TTM)

₹31 Cr

P/E Ratio

13.4

P/B Ratio

1.3

Div. Yield

2.8 %

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	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Market cap (₹ Cr)	42	33,877	32,319	18,374	14,399
Revenue (₹ Cr)	31	5,926	4,703	4,335	1,759
Net Profit (₹ Cr)	3.11	528.31	551.10	729.16	264.78
Net Margin (%)	9.43	8.70	11.28	16.42	9.02
RoE (%)	12.71	15.62	12.95	28.11	-5.80
Price to Earnings	13.40	60.81	58.64	25.21	--
Price-To-Book	1.32	8.30	7.04	6.97	4.17

Income Statement (₹ Cr)

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Operating Revenue	30.46	5,505.57	4,681.90	4,117.03	1,623.91
Total Income	31.94	5,694.75	4,863.90	4,218.33	1,715.44
Total Expenditure	27.96	4,667.25	4,073.50	3,063.82	1,501.23
EBITDA	2.49	838.32	608.40	1,053.20	122.68
Depreciation	0.13	144.95	53.70	175.37	117.69
EBIT	2.36	693.37	554.70	877.84	4.99
Interest	--	34.12	15.60	44.02	10.95
Other Income	1.48	189.18	182.00	101.30	91.53
Exceptional Items	--	-107.73	-12.30	--	--
Profit before Tax	3.84	764.72	708.80	935.12	77.87
Provision for Tax	1.00	218.13	183.80	228.66	15.34
Profit after Tax	2.84	546.59	525.00	706.47	62.53

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Shareholder's Funds	25.14	3,923.37	4,462.70	2,561.40	2,863.05
Minority Interest	--	--	--	2.84	374.29
Non-Current Liabilities	0.79	795.17	1,108.00	309.34	243.50
Current Liabilities	2.30	3,790.67	2,609.50	706.78	925.91
Total Liabilities	28.23	8,860.15	8,292.30	3,690.64	4,418.22

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Non-Current Assets	0.74	2,701.53	1,422.40	1,174.03	2,906.54
Current Assets	27.49	5,807.68	6,757.80	2,406.32	1,407.73
Total Assets	28.23	8,860.15	8,292.30	3,690.64	4,418.22
Total Debt*	0.00	665.56	0.00	0.00	141.27
Net Current Assets	25.19	2,017.01	4,148.30	1,699.55	481.82
Contingent Liabilities	--	40.68	71.40	32.35	11,886.15

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Cash From Operating Activities	3.31	775.70	492.60	873.47	65.50
Cash Flow from Investing Activities	0.25	-870.92	-2,963.70	-140.82	-1,133.95
Cash from Financing Activities	-1.16	15.63	-116.10	-621.57	804.92
Net Cash Inflow / Outflow	2.40	-79.59	-2,587.20	111.08	-263.53

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
ROCE (%)	16.14	19.56	17.04	40.23	3.54
ROE (%)	12.06	14.62	12.41	30.00	2.57
ROA (%)	10.60	7.37	6.76	21.24	1.74
EBIT Margin (%)	13.04	18.66	16.88	28.04	13.19
Net Margin (%)	8.90	9.60	10.79	16.75	3.65
Cash Profit Margin (%)	9.76	12.56	12.36	21.42	11.10

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Revenue Growth (%)	26.18	6.52	11.75	22.32	42.66
EBIT Growth (%)	17.15	-2.90	2.33	28.87	18.80
Net Profit Growth (%)	7.89	-19.26	0.27	30.52	-30.10
EPS Growth (%)	7.90	-19.33	0.27	33.20	17.09
Book Value Growth (%)	10.88	9.68	10.47	10.18	43.36

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Price / Earnings	12.19	37.84	44.16	18.09	27.37
Price / Book Value	2.10	5.29	5.22	5.17	2.90
Dividend Yield (%)	2.23	2.30	0.42	0.07	0.00
EV/EBITDA	11.18	20.08	24.52	10.42	37.27
Market Cap (₹ Cr)	51.99	20,683.88	23,185.24	12,772.25	8,301.10

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Debt to Equity	0.00	0.17	0.00	0.00	0.05
Short term debt to equity ratio	--	0.02	--	--	0.02
Current Ratio	11.97	1.53	2.59	3.40	1.52
Quick Ratio	11.89	1.53	2.51	3.40	1.52
Interest Coverage	--	23.41	46.44	22.24	8.11

	B2B Software	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Debtors to sales (%)	3.58	21.56	24.80	24.64	35.47
Asset Turnover	1.14	0.74	0.60	1.24	0.45
Receivable days	15.69	72.67	89.19	79.98	95.63
Inventory Days	2.27	0.00	17.70	0.04	0.52
Payable days	2.65	199.65	125.42	--	3,585.83
Cash Conversion Cycle	15.31	-126.98	-18.52	--	-3,489.68

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.