Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Oracle Financial Services Software Limited
Physical assets are 1.8% of total assets, a light footprint. Capex is 0.79x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 104.2%, above an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 42.86x.
Physical asset ratio
1.8%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 1.79BpropertyPlantAndEquipmentNetInventoryINR 0.00Not reported, treated as 0Total assetsINR 99.34BtotalAssetsInventory was not reported and is treated as zero.Result 1.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
42.86xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenueINR 76.72BtotalRevenueNet PP&EINR 1.79BpropertyPlantAndEquipmentNetResult 42.86x
Revenue per dollar of the physical asset base.
Capex / D&A
0.79xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapexINR 517.00McapitalExpendituresD&AINR 654.00MdepreciationAndAmortizationResult 0.79x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
INR 826.19Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 99.34BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 0.00Not reported, treated as 0LiabilitiesINR 21.07BtotalLiabTangible bookINR 72.18BShares87,362,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result INR 826.19
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
12.10xPrice / tangible bookPrice / tangible book per sharePriceINR 10.00KLatest quoteTangible book / shareINR 826.192026-03-31Result 12.10x
Price INR 10.00K.
Fixed-charge coverage
240.02xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 37.48BebitdaCapexINR 517.00McapitalExpendituresInterestINR 25.00MinterestExpenseShort-term debtINR 129.00MshortTermDebtEBITDA − capexINR 36.96BPrincipal due is short-term debt.Result 240.02x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.3%Free cash flow yield · 2026-03-31Latest free cash flow / current market capFree cash flowINR 28.34BfreeCashFlowMarket capINR 858.74BMarketCapitalizationResult 3.3%
Latest free cash flow divided by current market cap (INR 858.74B).
ROIC
104.2%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 34.12BoperatingIncomeTax expenseINR 10.41BincomeTaxExpensePretax incomeINR 36.80BincomeBeforeTaxTax rate28.3%EquityINR 78.27BtotalStockholderEquityDebtINR 325.00MshortLongTermDebtTotalCashINR 55.10BcashInvested capitalINR 23.49BResult 104.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 19.06x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | -18.7%Physical asset ratio · 2019-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 2.45BpropertyPlantEquipmentInventory-INR 13.90BinventoryTotal assetsINR 61.31BtotalAssetsResult -18.7% | 20.29xFixed asset turnover · 2019-03-31Revenue / net PP&ERevenueINR 49.80BtotalRevenueNet PP&EINR 2.45BpropertyPlantEquipmentResult 20.29x | 1.43xCapex / D&A · 2019-03-31Capital expenditures / depreciation and amortizationCapexINR 767.41McapitalExpendituresD&AINR 537.17MdepreciationAndAmortizationResult 1.43x | INR 432.37Tangible book / share · 2019-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 61.31BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 6.09BintangibleAssetsLiabilitiesINR 11.95BtotalLiabTangible bookINR 37.19BShares86,019,298commonStockSharesOutstandingResult INR 432.37 | 4.21xFixed-charge coverage · 2019-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 21.66BebitdaCapexINR 767.41McapitalExpendituresInterestINR 473.65MinterestExpenseShort-term debtINR 4.49BshortTermDebtEBITDA − capexINR 20.89BPrincipal due is short-term debt.Result 4.21x | INR 13.03BFree cash flow · 2019-03-31Reported free cash flowOperating cash flowINR 13.80BtotalCashFromOperatingActivitiesCapexINR 767.41McapitalExpendituresFree cash flowINR 13.03BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 13.03B | 53.0%ROIC · 2019-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 23.02BoperatingIncomeTax expenseINR 8.81BincomeTaxExpensePretax incomeINR 22.67BincomeBeforeTaxTax rate38.9%EquityINR 49.37BtotalStockholderEquityDebtINR 4.49BshortLongTermDebtTotalCashINR 27.33BcashAndShortTermInvestmentsInvested capitalINR 26.53BResult 53.0% | 9.38xEBIT / PP&E · 2019-03-31Operating income / net PP&EOperating incomeINR 23.02BoperatingIncomeNet PP&EINR 2.45BpropertyPlantEquipmentResult 9.38x |
| 2020 | 4.3%Physical asset ratio · 2020-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 3.48BpropertyPlantEquipmentInventoryINR 1.00inventoryTotal assetsINR 80.21BtotalAssetsResult 4.3% | 14.01xFixed asset turnover · 2020-03-31Revenue / net PP&ERevenueINR 48.79BtotalRevenueNet PP&EINR 3.48BpropertyPlantEquipmentResult 14.01x | 0.50xCapex / D&A · 2020-03-31Capital expenditures / depreciation and amortizationCapexINR 535.86McapitalExpendituresD&AINR 1.06BdepreciationAndAmortizationResult 0.50x | INR 621.02Tangible book / share · 2020-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 80.21BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 6.09BintangibleAssetsLiabilitiesINR 14.52BtotalLiabTangible bookINR 53.52BShares86,185,000commonStockSharesOutstandingResult INR 621.02 | 23.36xFixed-charge coverage · 2020-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 22.47BebitdaCapexINR 535.86McapitalExpendituresInterestINR 473.65MinterestExpenseShort-term debtINR 465.32MshortTermDebtEBITDA − capexINR 21.93BPrincipal due is short-term debt.Result 23.36x | INR 14.68BFree cash flow · 2020-03-31Reported free cash flowOperating cash flowINR 15.22BtotalCashFromOperatingActivitiesCapexINR 535.86McapitalExpendituresFree cash flowINR 14.68BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 14.68B | 66.9%ROIC · 2020-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 23.65BoperatingIncomeTax expenseINR 7.90BincomeTaxExpensePretax incomeINR 22.52BincomeBeforeTaxTax rate35.1%EquityINR 65.70BtotalStockholderEquityDebtINR 1.15BshortLongTermDebtTotalCashINR 43.90BcashAndShortTermInvestmentsInvested capitalINR 22.94BResult 66.9% | 6.79xEBIT / PP&E · 2020-03-31Operating income / net PP&EOperating incomeINR 23.65BoperatingIncomeNet PP&EINR 3.48BpropertyPlantEquipmentResult 6.79x |
| 2021 | 4.7%Physical asset ratio · 2021-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 2.65BpropertyPlantEquipmentInventoryINR 1.22BinventoryTotal assetsINR 82.84BtotalAssetsResult 4.7% | 18.78xFixed asset turnover · 2021-03-31Revenue / net PP&ERevenueINR 49.84BtotalRevenueNet PP&EINR 2.65BpropertyPlantEquipmentResult 18.78x | 0.18xCapex / D&A · 2021-03-31Capital expenditures / depreciation and amortizationCapexINR 190.00McapitalExpendituresD&AINR 1.04BdepreciationAndAmortizationResult 0.18x | INR 652.01Tangible book / share · 2021-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 82.84BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 6.09BintangibleAssetsLiabilitiesINR 14.35BtotalLiabTangible bookINR 56.31BShares86,371,000commonStockSharesOutstandingResult INR 652.01 | 33.15xFixed-charge coverage · 2021-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 24.69BebitdaCapexINR 190.00McapitalExpendituresInterestINR 191.29MinterestExpenseShort-term debtINR 547.58MshortTermDebtEBITDA − capexINR 24.50BPrincipal due is short-term debt.Result 33.15x | INR 19.01BFree cash flow · 2021-03-31Reported free cash flowOperating cash flowINR 19.20BtotalCashFromOperatingActivitiesCapexINR 190.00McapitalExpendituresFree cash flowINR 19.01BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 19.01B | 85.6%ROIC · 2021-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 25.50BoperatingIncomeTax expenseINR 7.15BincomeTaxExpensePretax incomeINR 24.77BincomeBeforeTaxTax rate28.9%EquityINR 68.49BtotalStockholderEquityDebtINR 697.61MshortLongTermDebtTotalCashINR 48.01BcashAndShortTermInvestmentsInvested capitalINR 21.18BResult 85.6% | 9.61xEBIT / PP&E · 2021-03-31Operating income / net PP&EOperating incomeINR 25.50BoperatingIncomeNet PP&EINR 2.65BpropertyPlantEquipmentResult 9.61x |
| 2022 | 3.4%Physical asset ratio · 2022-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 2.56BpropertyPlantEquipmentInventoryINR 432.76MinventoryTotal assetsINR 87.35BtotalAssetsResult 3.4% | 20.37xFixed asset turnover · 2022-03-31Revenue / net PP&ERevenueINR 52.21BtotalRevenueNet PP&EINR 2.56BpropertyPlantEquipmentResult 20.37x | 0.40xCapex / D&A · 2022-03-31Capital expenditures / depreciation and amortizationCapexINR 375.66McapitalExpendituresD&AINR 927.99MdepreciationAndAmortizationResult 0.40x | INR 679.03Tangible book / share · 2022-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 87.35BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 6.09BintangibleAssetsLiabilitiesINR 16.35BtotalLiabTangible bookINR 58.82BShares86,629,000commonStockSharesOutstandingResult INR 679.03 | 35.42xFixed-charge coverage · 2022-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 24.99BebitdaCapexINR 375.66McapitalExpendituresInterestINR 122.01MinterestExpenseShort-term debtINR 572.84MshortTermDebtEBITDA − capexINR 24.61BPrincipal due is short-term debt.Result 35.42x | INR 18.19BFree cash flow · 2022-03-31Reported free cash flowOperating cash flowINR 18.56BtotalCashFromOperatingActivitiesCapexINR 375.66McapitalExpendituresFree cash flowINR 18.19BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 18.19B | 89.5%ROIC · 2022-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 26.02BoperatingIncomeTax expenseINR 6.39BincomeTaxExpensePretax incomeINR 25.28BincomeBeforeTaxTax rate25.3%EquityINR 71.00BtotalStockholderEquityDebtINR 833.85MshortLongTermDebtTotalCashINR 50.13BcashAndShortTermInvestmentsInvested capitalINR 21.71BResult 89.5% | 10.15xEBIT / PP&E · 2022-03-31Operating income / net PP&EOperating incomeINR 26.02BoperatingIncomeNet PP&EINR 2.56BpropertyPlantEquipmentResult 10.15x |
| 2023 | 2.5%Physical asset ratio · 2023-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 2.29BpropertyPlantEquipmentInventoryINR 1.00inventoryTotal assetsINR 92.76BtotalAssetsResult 2.5% | 24.94xFixed asset turnover · 2023-03-31Revenue / net PP&ERevenueINR 56.98BtotalRevenueNet PP&EINR 2.29BpropertyPlantEquipmentResult 24.94x | 0.47xCapex / D&A · 2023-03-31Capital expenditures / depreciation and amortizationCapexINR 381.26McapitalExpendituresD&AINR 806.62MdepreciationAndAmortizationResult 0.47x | INR 719.65Tangible book / share · 2023-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 92.76BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 6.09BintangibleAssetsLiabilitiesINR 18.17BtotalLiabTangible bookINR 62.42BShares86,731,000commonStockSharesOutstandingResult INR 719.65 | 56.07xFixed-charge coverage · 2023-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 24.71BebitdaCapexINR 381.26McapitalExpendituresInterestINR 126.55MinterestExpenseShort-term debtINR 307.40MshortTermDebtEBITDA − capexINR 24.33BPrincipal due is short-term debt.Result 56.07x | INR 17.20BFree cash flow · 2023-03-31Reported free cash flowOperating cash flowINR 17.58BtotalCashFromOperatingActivitiesCapexINR 381.26McapitalExpendituresFree cash flowINR 17.20BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 17.20B | 88.8%ROIC · 2023-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 26.00BoperatingIncomeTax expenseINR 7.64BincomeTaxExpensePretax incomeINR 25.70BincomeBeforeTaxTax rate29.7%EquityINR 74.59BtotalStockholderEquityDebtINR 694.02MshortLongTermDebtTotalCashINR 54.70BcashAndEquivalentsInvested capitalINR 20.59BResult 88.8% | 11.38xEBIT / PP&E · 2023-03-31Operating income / net PP&EOperating incomeINR 26.00BoperatingIncomeNet PP&EINR 2.29BpropertyPlantEquipmentResult 11.38x |
| 2024 | 2.0%Physical asset ratio · 2024-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 1.89BpropertyPlantEquipmentInventoryINR 120.82MinventoryTotal assetsINR 99.36BtotalAssetsResult 2.0% | 33.73xFixed asset turnover · 2024-03-31Revenue / net PP&ERevenueINR 63.73BtotalRevenueNet PP&EINR 1.89BpropertyPlantEquipmentResult 33.73x | 0.41xCapex / D&A · 2024-03-31Capital expenditures / depreciation and amortizationCapexINR 301.06McapitalExpendituresD&AINR 743.00MdepreciationAndAmortizationResult 0.41x | INR 832.24Tangible book / share · 2024-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 99.36BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 0.00Not reported, treated as 0LiabilitiesINR 20.77BtotalLiabTangible bookINR 72.50BShares87,116,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result INR 832.24 | 52.35xFixed-charge coverage · 2024-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 27.83BebitdaCapexINR 301.06McapitalExpendituresInterestINR 281.00MinterestExpenseShort-term debtINR 244.75MshortTermDebtEBITDA − capexINR 27.52BPrincipal due is short-term debt.Result 52.35x | INR 17.61BFree cash flow · 2024-03-31Reported free cash flowOperating cash flowINR 17.91BtotalCashFromOperatingActivitiesCapexINR 301.06McapitalExpendituresFree cash flowINR 17.61BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 17.61B | 89.0%ROIC · 2024-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 29.77BoperatingIncomeTax expenseINR 8.03BincomeTaxExpensePretax incomeINR 30.22BincomeBeforeTaxTax rate26.6%EquityINR 78.59BtotalStockholderEquityDebtINR 429.61MshortLongTermDebtTotalCashINR 54.45BcashAndShortTermInvestmentsInvested capitalINR 24.57BResult 89.0% | 15.76xEBIT / PP&E · 2024-03-31Operating income / net PP&EOperating incomeINR 29.77BoperatingIncomeNet PP&EINR 1.89BpropertyPlantEquipmentResult 15.76x |
| 2025 | 1.8%Physical asset ratio · 2025-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 1.86BpropertyPlantEquipmentInventoryINR 0.00Not reported, treated as 0Total assetsINR 101.35BtotalAssetsInventory was not reported and is treated as zero.Result 1.8% | 36.79xFixed asset turnover · 2025-03-31Revenue / net PP&ERevenueINR 68.47BtotalRevenueNet PP&EINR 1.86BpropertyPlantEquipmentResult 36.79x | 0.51xCapex / D&A · 2025-03-31Capital expenditures / depreciation and amortizationCapexINR 352.00McapitalExpendituresD&AINR 691.00MdepreciationAndAmortizationResult 0.51x | INR 887.97Tangible book / share · 2025-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 101.35BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 0.00Not reported, treated as 0LiabilitiesINR 17.73BtotalLiabTangible bookINR 77.54BShares87,319,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result INR 887.97 | 163.50xFixed-charge coverage · 2025-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 30.76BebitdaCapexINR 352.00McapitalExpendituresInterestINR 5.00MinterestExpenseShort-term debtINR 181.00MshortTermDebtEBITDA − capexINR 30.41BPrincipal due is short-term debt.Result 163.50x | INR 21.64BFree cash flow · 2025-03-31Reported free cash flowOperating cash flowINR 21.99BtotalCashFromOperatingActivitiesCapexINR 352.00McapitalExpendituresFree cash flowINR 21.64BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 21.64B | 109.5%ROIC · 2025-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 31.94BoperatingIncomeTax expenseINR 9.31BincomeTaxExpensePretax incomeINR 33.11BincomeBeforeTaxTax rate28.1%EquityINR 83.62BtotalStockholderEquityDebtINR 456.00MshortLongTermDebtTotalCashINR 63.11BcashAndShortTermInvestmentsInvested capitalINR 20.97BResult 109.5% | 17.16xEBIT / PP&E · 2025-03-31Operating income / net PP&EOperating incomeINR 31.94BoperatingIncomeNet PP&EINR 1.86BpropertyPlantEquipmentResult 17.16x |
| 2026 | 1.8%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 1.79BpropertyPlantAndEquipmentNetInventoryINR 0.00Not reported, treated as 0Total assetsINR 99.34BtotalAssetsInventory was not reported and is treated as zero.Result 1.8% | 42.86xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenueINR 76.72BtotalRevenueNet PP&EINR 1.79BpropertyPlantAndEquipmentNetResult 42.86x | 0.79xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapexINR 517.00McapitalExpendituresD&AINR 654.00MdepreciationAndAmortizationResult 0.79x | INR 826.19Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 99.34BtotalAssetsGoodwillINR 6.09BgoodWillIntangiblesINR 0.00Not reported, treated as 0LiabilitiesINR 21.07BtotalLiabTangible bookINR 72.18BShares87,362,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result INR 826.19 | 240.02xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 37.48BebitdaCapexINR 517.00McapitalExpendituresInterestINR 25.00MinterestExpenseShort-term debtINR 129.00MshortTermDebtEBITDA − capexINR 36.96BPrincipal due is short-term debt.Result 240.02x | INR 28.34BFree cash flow · 2026-03-31Reported free cash flowOperating cash flowINR 28.86BtotalCashFromOperatingActivitiesCapexINR 517.00McapitalExpendituresFree cash flowINR 28.34BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 28.34B | 104.2%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 34.12BoperatingIncomeTax expenseINR 10.41BincomeTaxExpensePretax incomeINR 36.80BincomeBeforeTaxTax rate28.3%EquityINR 78.27BtotalStockholderEquityDebtINR 325.00MshortLongTermDebtTotalCashINR 55.10BcashInvested capitalINR 23.49BResult 104.2% | 19.06xEBIT / PP&E · 2026-03-31Operating income / net PP&EOperating incomeINR 34.12BoperatingIncomeNet PP&EINR 1.79BpropertyPlantAndEquipmentNetResult 19.06x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2026)
Net PP&E: INR 1.79B
Inventory: INR 0.00
Total assets: INR 99.34B
Goodwill: INR 6.09B
Intangibles: INR 0.00
Liabilities: INR 21.07B
Tangible book: INR 72.18B
Shares: 87,362,000
Revenue: INR 76.72B
Capex: INR 517.00M
D&A: INR 654.00M
EBITDA: INR 37.48B
Interest: INR 25.00M
Short-term debt: INR 129.00M
Free cash flow: INR 28.34B
Operating income: INR 34.12B
Invested capital: INR 23.49B
Tax rate: 28.3%