NEWS
Oracle Financial Services Software Hits 52-Week High at Rs 11,279
Oracle Financial Services Software hit a 52-week high of Rs 11,279.60 after Q4 FY26 revenue rose 20% to Rs 2,065 crore, with operating margin at 51.15%.
Shares of Oracle Financial Services Software Ltd touched a fresh 52-week high of Rs 11,279.60 in intraday trade on 2 July 2026. By 10:33 AM IST, the BSE-listed stock had reached Rs 11,130.85, up 2.78% on the day; an NSE print a few minutes earlier showed Rs 11,229.00, up 3.37%. The fresh 52-week high sits well below the company’s all-time peak of Rs 13,203.60 set on 30 December 2024.
The print followed a record Q4 FY26 release and arrived against a sector backdrop that was moving the other way. OFSS reported its highest-ever quarterly revenue of Rs 2,065.20 crore for the three months ending 31 March 2026, up 20% year-on-year. Operating margin in that quarter expanded to 51.15%, against 41.7% a year earlier. India’s IT sector indices were at fresh 52-week lows in the same window, per the 1 July 2026 note from MarketsMojo.
OFSS Marks a New 52-Week High at Rs 11,279.60
OFSS opened trade on 2 July 2026 with the print that broke its 52-week ceiling. The BSE ticker read Rs 11,130.85 by 10:33 AM IST, up 2.78% on the day. The live 52-week high noted on Oracle Financial Services Software’s live share price page sat at Rs 11,279.60.
The 52-week low sits at Rs 6,232.20, set on 17 March 2026. Market capitalisation at the 10:33 AM reading was Rs 96,927 crore. Volume on the BSE was 32,012 shares with a traded value of Rs 35.63 crore by 10:33 AM. The Sensex itself was trading firm through the period: per the 1 July 2026 MarketsMojo note, the benchmark index had gained 0.49% in its prior session.
The fresh 52-week high is the highest reading for OFSS since the run-up to its 30 December 2024 all-time peak of Rs 13,203.60. The new high puts the stock back in a trading band it had not touched since the December 2024 mark.
- 52-week high: Rs 11,279.60 (intraday, 2 July 2026)
- 52-week low: Rs 6,232.20 (17 March 2026)
- All-time high: Rs 13,203.60 (30 December 2024)
- All-time low: Rs 216.53 (29 July 2002)
- Market cap (10:33 AM): Rs 96,927 crore
- NSE code: OFSS; BSE code: 532466
- Sector: IT

Q4 FY26 Set Up the Move
The earnings that preceded the breakout came out of the Q4 FY26 release for the quarter ending 31 March 2026. Revenue came in at Rs 2,065.20 crore, the highest quarterly sales figure the company has ever booked and a 20% jump over the year-ago quarter. Operating income in the same quarter climbed 39% to Rs 1,049 crore; net income rose 31% to Rs 842 crore.
Operating margin expanded to 51.15% in Q4 FY26, against 41.7% in the year-ago quarter, per Bajaj Broking’s coverage of the Q4 FY26 results. Net profit margin in Q4 FY26 came in at 40.76%, the highest quarterly PAT margin in its comparison table. The full fiscal year’s consolidated revenue of Rs 7,672 crore grew 12% year-on-year, operating income rose 13% to Rs 3,410 crore, and net income was Rs 2,639 crore, up 11%. Remaining performance obligations (RPO) stood at Rs 7,761 crore as of 31 March 2026, 9.2% above the level at the end of December 2025.
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue (Rs crore) | 2,065.20 | 1,965.90 | 1,788.80 | 1,852.20 | 1,716.30 |
| QoQ change (%) | 5.05 | 9.90 | 3.42 | 7.92 | 0.06 |
| Net profit (Rs crore) | 841.7 | 609.6 | 546.1 | 641.9 | 643.9 |
| QoQ change (%) | 38.07 | 11.63 | -14.92 | -0.31 | 18.95 |
| Operating margin (%) | 51.15 | 41.69 | 42.22 | 45.69 | 44.56 |
| PAT margin (%) | 40.76 | 31.01 | 30.53 | 34.66 | 37.52 |
Source: Bajaj Broking’s Q4 FY26 results coverage of Oracle Financial Services Software.
The Sector Around OFSS Is Hitting Its Own Lows
The print landed on a tape that was punishing the rest of Indian IT. India’s IT sector indices were at fresh 52-week lows in the same window, per the 1 July 2026 note on OFSS’s fresh 52-week high, even as OFSS marked a new high. The Sensex itself was trading firm, with the 1 July 2026 session closing up 0.49%. The disconnect between OFSS and its sector peers has framed this print.
OFSS sells mostly products and platforms, with the Oracle FLEXCUBE core banking system leading the line. Adjacent products cover analytics, risk management and compliance, plus digital and cloud solutions aimed at banks modernising their core systems. Products contributed about 90% of FY26 revenue, with services accounting for the rest, per Bajaj Broking’s coverage of Q4 FY26 results. The mix sets OFSS apart from the labour-arbitrage outsourcing model that has dominated Indian IT services.
The market is pricing that distinction. While peers in the IT sector saw their indices sink to fresh 52-week lows, OFSS broke above a level it had not touched since the December 2024 run-up. The lift came on the strength of OFSS’s own earnings release, with no broader sector tailwind behind the move. The same lack of sector tailwind makes the stock more exposed if the OFSS-specific narrative wobbles, since the rest of the sector is not carrying it.
Ratios Sit in Premium Territory at the New High
With the price at a fresh 52-week high, the ratios sit in premium territory. Per Screener.in, OFSS trades at a P/E of 35.8 and a price-to-book of 12.1, with ROCE of 45.3%, ROE of 32.6% (3-year average 30.3%), and a dividend yield of 3.68%.
The MarketsMojo 1 July 2026 note flags a PEG ratio of 3.3, with 5-year annual sales growth of 9.01% and 5-year operating profit growth of 7.61%. A PEG of 3.3 puts price appreciation well above those 5-year earnings growth rates. Book value per share sits at Rs 899, against a current price of Rs 11,130.85 on the BSE.
| Ratio | Reading | Source |
|---|---|---|
| P/E | 35.8 | Screener.in |
| Price-to-book | 12.1 | Screener.in |
| ROE | 32.6% | Screener.in |
| ROCE | 45.3% | Screener.in |
| Dividend yield | 3.68% | Screener.in |
| PEG ratio | 3.3 | MarketsMojo, 1 Jul 2026 |
| 5-yr sales growth | 9.01% | MarketsMojo, 1 Jul 2026 |
| 5-yr op profit growth | 7.61% | MarketsMojo, 1 Jul 2026 |
What OFSS Sells, and to Whom
OFSS is the largest Indian-headquartered company providing software solutions to financial institutions globally, per Bajaj Broking’s coverage. The company was originally incorporated on 27 September 1989 as Citicorp Information Technology Industries Limited, underwent name changes through I-flex Solutions Limited, and now trades from Mumbai as Oracle Financial Services Software Limited. It lists as OFSS on the NSE and under code 532466 on the BSE.
The product franchise is built around the Oracle FLEXCUBE core banking platform. Adjacent lines cover analytics, risk management and compliance, plus digital and cloud solutions for banks modernising their core systems. Employee count at the end of FY26 was above 9,100, with the annual employee turnover rate around 9 to 10%, per Bajaj Broking’s Q4 FY26 coverage. The company sits as a subsidiary of Oracle Global (Mauritius) Limited, per Screener.in’s company profile.
FY26 revenue split tilts firmly toward products.
- Products: Rs 6,942 crore, up 12% year-on-year (about 90% of FY26 revenue)
- Services: Rs 730 crore, up 16%
Q4 FY26 broke out within the same shape. Products revenue in the quarter came in at Rs 1,871 crore, up 21% on a year-on-year basis. Services revenue in Q4 FY26 totalled Rs 194 crore, up 11%. The deal pipeline underwrites the visibility of future revenue, with RPO of Rs 7,761 crore at end-March 2026, up 9.2% from end-December 2025.
Capital Returns and the Dividend Track Record
OFSS runs a cash-return programme that the Q4 print hints at. The Board declared a second interim dividend of Rs 270 per equity share for FY26, with a record date of 7 May 2026. The earlier interim dividend for the fiscal year came in at Rs 130 per share, declared in October 2025. The two interim dividends together come to Rs 400 per share for FY26.
The ex-date history shows interim dividends declared each year since FY20, per Bajaj Broking’s dividend table. The dividend payout ratio sits at 99.3%, per the same coverage. The May 2026 interim of Rs 270 per share traded cum-dividend at Rs 8,126.50 on the record date.
OFSS sits net-debt-free, per the 1 July 2026 MarketsMojo note. The 3-year return on equity stands at 27.8%, against an ROE of 32.6% on the latest reading per Screener.in. Book value per share sits at Rs 899, well below the Rs 11,130.85 BSE print at 10:33 AM. With the dividend policy already telegraphed for FY26 and the Q4 numbers in the bag, for FY27 the print has to hold the operating margin against a 9.01% sales-growth pace, per Bajaj Broking’s Q4 FY26 results breakdown.
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