Excelsoft Technologies Limited (NSE: EXCELSOFT) Stock on December 10, 2025: Price, IPO Performance, AI Deals and Outlook

Excelsoft Technologies Limited, the newly listed Mysuru‑based vertical SaaS and edtech company, is back above the ₹100 mark on December 10, 2025, as the market weighs sharp post‑IPO volatility against a steady pipeline of AI‑driven partnerships and its first post‑listing results due this week. ^[1]

Below is a detailed look at the Excelsoft Technologies share price today, its IPO journey, key recent news (including the AQA AI taskforce and VTCT Skills deal), and what data providers and screeners are currently saying about the stock.

Excelsoft Technologies share price today (December 10, 2025)

On Wednesday, December 10, 2025, Excelsoft Technologies shares are trading around the ₹100–101 level on the NSE, up roughly 4–5% versus the previous close near ₹96.2. Intraday, the stock has moved between about ₹96.23 and ₹102.25. ^[2]

Financial data platforms put the market capitalisation at a little over ₹1,100 crore, with a trailing twelve‑month price‑to‑earnings (P/E) ratio of about 32–33 times, a price‑to‑book (P/B) close to 2.0, and earnings per share (EPS) near ₹2.96. ^[3] StockAnalysis, which tracks Indian equities, similarly estimates Excelsoft’s market cap at about ₹11.1 billion (₹1,107 crore) and revenue around ₹2.35 billion for the latest twelve‑month period. ^[4]

The share has already covered a wide range in its short trading history. It hit a 52‑week and all‑time high of roughly ₹142.6 on listing day (November 26, 2025), and dropped to a low around ₹85.6–85.8 on December 8, highlighting intense post‑IPO volatility. ^[5] At current levels near ₹100, the stock trades well below its listing price and modestly below the upper end of its IPO price band, despite remaining above its recent low.

From a heavily subscribed IPO to a choppy first fortnight

Excelsoft Technologies’ market debut has been one of the more closely watched tech listings on Indian exchanges this year.

According to the red herring prospectus and multiple IPO analyses, the company raised ₹500 crore through a combination of a fresh issue of ₹180 crore (1.50 crore new shares) and an offer for sale (OFS) of ₹320 crore (2.67 crore shares). ^[6] The price band was set at ₹114–₹120 per share, with a lot size of 125 shares for retail investors. ^[7]

The IPO subscription window ran from November 19 to November 21, 2025, and demand was strong across investor categories. Trade Brains and other IPO trackers report that the issue was subscribed about 45–46 times overall, with non‑institutional investors (NIIs) bidding over 100 times their quota, qualified institutional buyers (QIBs) around 50 times, and retail investors more than 16 times. ^[8]

Allotment was finalised on November 24, and Excelsoft listed on both the NSE and BSE on November 26, 2025. ^[9] On debut, the stock opened at ₹135 — a 12.5% premium to the issue price of ₹120 — and traded in a broad intraday band of roughly ₹131–143, with volumes of over 5 crore shares, according to HDFC Sky and Business Standard coverage. ^[10]

Since that strong listing, the price has corrected sharply from the ₹140+ zone to a sub‑₹90 low on December 8, before rebounding back toward ₹100 in the latest session. ^[11] This behaviour is typical of newly listed, heavily traded mid‑cap tech names, where early profit‑taking and rapid re‑rating can drive wide swings in a short time.

What Excelsoft Technologies does

Excelsoft Technologies is not a generic IT services firm; it’s a vertical SaaS (software‑as‑a‑service) company built specifically around learning and assessment. ^[12]

Key points about the business model:

Vertical SaaS in learning and assessment
The company builds cloud‑based platforms for high‑stakes e‑assessment, digital learning content and learning management, serving education publishers, examination and certification bodies, universities, schools, corporate L&D teams and government clients. ^[13]
Flagship products
Public materials highlight platforms such as SARAS LMS and related learning experience tools, the AI‑enabled Saras eAssessment system, online proctoring products (for secure remote exams) and digital e‑book solutions. ^[14]
Global footprint and scale
Excelsoft traces its origins to 2000 and was originally incorporated as a private company in Karnataka before being converted to a public limited company in 2024. ^[15] It reports serving over 200 organisations and more than 30 million learners across India, the UK, the US, Malaysia, Singapore and other markets, and has around 1,100 employees. ^[16]
Blue‑chip client set
IPO documents and analyses list global names such as Pearson, AQA and Brigham Young University among customers, alongside examination boards, vocational skills bodies and government agencies. ^[17]

This positioning gives Excelsoft exposure to secular themes like digital exams, online learning and AI‑enhanced assessment, but also links its fortunes to budgets in education systems and corporate training — areas that can be cyclical and policy‑sensitive.

Financial performance: strong profit growth, moderate return ratios

Pre‑IPO financials disclosed in the red herring prospectus and summarised by several brokerages show a business that has grown steadily in revenue, with a more recent surge in profitability. ^[18]

For FY24 and FY25:

Revenue from operations rose from about ₹198–201 crore in FY24 to around ₹233–249 crore in FY25, depending on the exact classification of other income — implying mid‑teens to mid‑20s percentage growth. ^[19]
Profit after tax (PAT) jumped from roughly ₹12.7 crore in FY24 to about ₹34.7 crore in FY25, a rise of more than 170%, as margins expanded. ^[20]
In the June 2025 quarter, Excelsoft reported revenue of about ₹55.7–60.3 crore and PAT of around ₹6 crore, with PAT margins near 15% and EBITDA margins above 30%. ^[21]

Return metrics and leverage appear conservative rather than aggressive:

Recent analyses estimate return on capital employed (ROCE) around 16% and return on equity (ROE) close to 10–10.5%. ^[22]
Screener’s automated checks highlight that profit has grown at roughly a 50% CAGR over the last five years, while debt has been reduced; at the same time, it flags a relatively low three‑year ROE of about 7.8% and contingent liabilities of roughly ₹472 crore as areas to watch. ^[23]
Balance sheet leverage is modest, with a debt‑to‑equity ratio in the 0.05–0.1x range pre‑IPO and around 0.09x on recent snapshots. ^[24]

At today’s price near ₹100, the stock is trading at a trailing P/E in the low‑30s on reported EPS, a premium to some traditional IT services peers but broadly in line with or slightly above many listed Indian mid‑cap software and IT services names. Sector data from Moneycontrol puts the broader IT services P/E band around 20–30x, depending on sub‑segment. ^[25]

In short: fundamentals show accelerating revenue and profit with healthy margins and low leverage, but return ratios are not yet outstanding, and valuation multiples already discount a fair amount of future growth.

Latest news and catalysts as of December 10, 2025

Several fresh developments over the last two weeks are shaping sentiment around Excelsoft Technologies.

1. Joint AI taskforce with AQA (December 4, 2025)

On December 4, Excelsoft announced a high‑profile collaboration with AQA, a leading UK‑based exam board, to create a joint AI taskforce focused on the ethical and secure use of AI in e‑marking handwritten exam scripts. ^[26]

The taskforce is designed to:

Develop “human‑in‑the‑loop” AI models that support, rather than replace, human examiners.
Work on bias‑aware approaches so AI‑assisted marking is fair across student groups.
Build secure data pipelines for handling handwritten scripts and annotations.
Create explainability frameworks and governance norms for AI in high‑stakes assessment.

The initiative is framed as long‑term R&D rather than immediate commercial revenue, but it underlines Excelsoft’s push to position itself as a thought leader in AI‑driven assessment at a time when regulators and education systems are scrutinising the use of AI in exams.

2. VTCT Skills contract for 300,000 exams per year (November 27, 2025)

Just days after listing, Excelsoft announced a strategic partnership with VTCT Skills, a major UK vocational and technical education provider, to deliver a next‑generation e‑assessment platform using its Saras™ technology. ^[27]

According to the company’s press release and subsequent coverage:

VTCT Skills ran a global evaluation of e‑assessment platforms before awarding the contract to Excelsoft.
Excelsoft will deliver an AI‑enabled platform expected to handle around 300,000 exams per year across a diverse range of vocational qualifications. ^[28]
The platform emphasises configurability, security, accessibility and third‑party integration, with rollout planned over the coming months.

While financial terms are not publicly disclosed, investors are treating the deal as an important validation of Excelsoft’s ability to win marquee international contracts post‑IPO.

3. Upcoming board meeting and first post‑listing results (December 12, 2025)

On December 5, Excelsoft notified the exchanges that its Board of Directors will meet on December 12, 2025 to consider and approve the unaudited standalone and consolidated financial results for the quarter (and likely half‑year) ended September 30, 2025. ^[29]

This will be the company’s first set of results as a listed entity and is widely expected to act as a short‑term catalyst for the stock. Market calendars and statistics tools, including StockAnalysis and exchange filings, highlight December 11–12 as the key earnings window for Excelsoft (often tagged as Q2 FY26). ^[30]

4. Market commentary on the share price slide and rebound

On December 9, research portal Equitymaster published a note titled “Why Excelsoft Technologies Share Price is Rising”, pointing out that the stock had already made a round‑trip from its 52‑week high of about ₹142.6 on November 26 to a 52‑week low near ₹85.8 on December 8, before attempting a recovery. ^[31]

Similarly, real‑time market pages from ET Now and other outlets have been tracking the rebound toward ₹100, highlighting Excelsoft as an actively traded small‑/micro‑cap IT stock in the “Computers – Software – Medium / Small” industry bucket, with daily volumes running into tens of millions of shares since listing. ^[32]

How screeners and data platforms currently view Excelsoft

Formal, broker‑issued analyst coverage is still thin — a common situation for a company that listed only two weeks ago — but several data providers and screeners are already publishing automated assessments.

Valuation and technical stance
Trendlyne’s dashboard shows Excelsoft trading around ₹100 with high combined NSE+BSE volumes and categorises the stock under “expensive valuation” on its internal scorecard while flagging the technical trend as “bearish” after the post‑listing pullback. It also notes the December 12 board meeting as the next major event. ^[33]
Profit growth vs. ROE and contingent liabilities
Screener’s snapshot highlights strong historical profit growth (around 50% CAGR over five years) and reduced debt, but also calls out relatively low three‑year ROE (about 7.8%) and contingent liabilities of roughly ₹472 crore. ^[34] Those contingent liabilities will likely be an important line item for investors digging into the annual report and IPO documents. ^[35]
Peer and sector comparisons
ET Now’s stock page places Excelsoft alongside peers such as 3I Infotech and 63 Moons Tech, with Excelsoft trading at a higher P/E multiple than some of these comparables, while carrying low leverage and no dividend yield so far. ^[36] Moneycontrol and Bajaj Finserv data also show the company’s P/E above the median for its IT services & consulting peer group. ^[37]
Analyst price targets
Platforms like Trendlyne currently show no formal analyst price targets or consensus EPS forecasts for Excelsoft — another sign that institutional coverage is still ramping up. ^[38]

Taken together, these tools suggest that the market is paying a premium valuation for a niche, fast‑growing edtech SaaS player, even as some balance‑sheet and return‑ratio questions remain open for deeper analysis.

Key risks the market is watching

Based on the IPO documents and third‑party analyses, several recurring risk themes are on investors’ radar: ^[39]

Client concentration and contract risk – A meaningful share of revenue comes from large institutional and international clients. Delays in renewals, pricing pressure, or loss of a major contract could affect growth and margins.
Regulatory and policy risk – Education and assessment are heavily regulated, and changes in examination formats, data protection rules, or AI governance could affect how Excelsoft deploys its platforms.
Technology and execution risk – Operating in AI‑enabled assessment and high‑stakes exam delivery requires continuous investment in security, reliability and R&D; any major outage or breach would be reputationally damaging.
Currency and geographic risk – With significant overseas exposure, results are sensitive to currency movements and conditions in markets such as the UK, US and Southeast Asia. ^[40]
Valuation and post‑IPO supply – After an IPO that was subscribed more than 45x and listed at a premium, the stock is still trading on growth‑style multiples. As statutory lock‑ins for pre‑IPO shareholders gradually expire (timelines detailed in the prospectus), additional supply could influence price behaviour. ^[41]

These are not unique to Excelsoft, but they frame how investors may interpret upcoming numbers and news.

What to watch next for Excelsoft Technologies stock

As of December 10, 2025, three near‑term questions are likely to drive how the market values Excelsoft Technologies:

Q2 FY26 results and commentary (December 12)
The first post‑listing set of unaudited results will show whether FY25’s sharp jump in PAT can be sustained and how margins look after the IPO. Management’s commentary on the order book, international business pipeline, and AI initiatives (AQA taskforce, VTCT platform rollout) will be closely parsed. ^[42]
Conversion of partnerships into visible revenue growth
The VTCT Skills contract and AQA collaboration demonstrate strong positioning in the global assessment market. Over the next few quarters, investors will be looking for evidence of how such deals flow through to revenue, recurring SaaS income, and potential upselling of additional products. ^[43]
Stabilisation of the share price post‑IPO volatility
After a swing from ₹142.6 to ₹85.8 and back to near ₹100 within two weeks, the stock may need a period of consolidation as longer‑term investors decide whether the current valuation fairly reflects the company’s growth prospects and risk profile. ^[44]

Bottom line

Excelsoft Technologies Limited enters the public markets as a focused, globally active edtech and assessment SaaS provider with visible growth, healthy margins, marquee clients and low leverage — but also with relatively modest current return ratios, notable contingent liabilities and a valuation that already prices in significant future success. ^[45]

For now, the stock’s story is being driven by three elements: the hangover from a hotly subscribed IPO, rapid early‑days price volatility, and news‑flow around AI partnerships and upcoming results. The December 12 earnings announcement and any further disclosures on contracts such as VTCT Skills and the AQA AI taskforce will go a long way in determining whether Excelsoft settles into a stable growth narrative or continues to trade like a highly volatile tech listing.