Rs 7 to Rs 1,305: Multibagger IT Stock Declares Record High Dividend of Rs. 12.5

India's top supplier of reliable digital lending and transaction banking solutions to the international financial services sector is Nucleus Software Exports, an IT company listed on the BSE and NSE. A publicly listed software product provider, Nucleus Software Exports Ltd. offers loan and transaction banking services to major international financial institutions. In more than 200 banks and financial institutions in 50 countries, Nucleus Software provides innovative fintech solutions that support a variety of financial services and sectors, including cash management, mobile and internet banking, retail, corporate & SME finance, Islamic finance, automotive finance, captive automotive finance, and more.

Nucleus Software Exports Dividend

The Board of Directors has "recommended a final dividend of Rs. 12.5/- per equity share of face value of Rs. 10/- each (i.e. 125% of Face Value of Rs. 10/- each) for the financial year 2023-24, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company," said Nucleus Software Exports in a regulatory filing.

The above payout is the highest ever dividend declared by Nucleus Software Exports.

Nucleus Software Exports History According to BSE

Below are the historical dividend payouts and their ex-dates declared by the company.
07 July 2023: Rs 10.00
30 June 2022: Rs 7
15 July 2021: Rs 6
11 Aug 2020: Rs 3
24 Mar 2020: Rs 9

Nucleus Software Exports FY24 Performance Highlights

Consolidated revenues for the quarter ending March 31, 2024, were Rs. 210.3 crore, compared to Rs. 206.2 crore for the same period in the previous fiscal year, 2022-2023. In Q4 of FY 2022-2023 the PAT was Rs. 67.6 crore, but on a consolidated basis, it amounts to Rs. 52.1 crore in Q4FY24. PAT on a standalone basis was 48.5 crore, down from Rs. 66.8 crore in Q4 of FY 2022-2023. During the quarter ended March 2024, the consolidated EPS was Rs. 19.48, down from Rs. 25.27 in Q4 of FY 2022-2023. EBITDA was 58 crores on a consolidated basis in Q4 of FY 2023-24 and 219.5 crores on a consolidated basis in FY 2023-24, representing a 41% YoY growth. Consolidated revenues in FY 2023-24 were Rs. 826.5 Crores, up 30% YoY, while consolidated profit after tax (PAT) jumped by 50% YoY to Rs. 191.6 Crores.

"In the dynamic landscape of modern business, Nucleus Software stands as a beacon of innovation, guided by our unwavering dedication to excellence. With our digital-first ethos at the forefront, we forge ahead, delivering robust and scalable solutions that redefine industry standards. Our unyielding dedication to empower financial institutions to lead sustainably and competitively is fueled by relentless R&D investments and our rich domain expertise of over three decades. As we navigate this final quarter and beyond, our mission remains clear to explore new horizons, maintain our competitive edge, and consistently deliver exceptional value to not only Financial Institutions but also end consumers of financial services." says Mr. Vishnu R Dusad, MD and Co-founder, Nucleus Software

"With a rich legacy spanning over three decades, Nucleus Software has remained a pioneering force in banking/ financial services technology innovation since its inception in India. The Q4 results stand as a testament to our ongoing pursuit of excellence in banking and financial services technology. Characterized by innovation, growth, and a steadfast commitment to redefining boundaries, this quarter underscores our dedication to delivering transformative digital solutions to clients worldwide. Fueled by our robust Intellectual Property portfolio, we once again showcase our expertise in driving forward the financial technology landscape. As we look ahead to another promising year in the digital transformation of the BFSI sector, we remain deeply committed to our core values of Result orientation, Integrity Innovation, Respect & Collaboration. With each milestone, we reinforce our position not just as a provider of financial solutions, but as trusted partners empowering our clients to thrive in an ever-evolving landscape" says Mr. Parag Bhise, CEO of Nucleus Software.

Nucleus Software Exports Share Price History

On Friday, the shares of Nucleus Software Exports ended on the BSE 3.61% higher at Rs 1304.75 apiece. The small-cap IT stock has a market cap of Rs 3,494 Cr. It marked a 52-week-high of Rs 1,830.00 (20/01/2024) and a 52-week-low at Rs 960.85 on (14/08/2023). The stock has gone up 23.27% over the last year, but it has plummeted by 9.17% year to date (YTD) so far in 2024. From the Rs 7.17 level on November 10, 1995, to its current market price, the stock has gone up, reaching an all-time high of 18,107.81%.