Daily BriefsIndia

Daily Brief India: Esds Software Solution and more

In today’s briefing:

  • ESDS Software Solution- Forensic Analysis


ESDS Software Solution- Forensic Analysis

By Nitin Mangal

  • In this insight, we briefly study forensics of Esds Software Solution (1603279D IN) , currently unlisted, had tried to float an IPO back in 2021 but it was later withdrawn.
  • The company offers managed cloud service and end to end multi-cloud requirements provider. Revenue growth has been moderate while margin erosion has been a concerning issue for the company.
  • Key forensic takeaways include nature of contingent liabilities, inability to generate cash and liquidity woes, quality of receivables, etc. 

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