The equity returns of a company are affected by the market and the company’s own characteristics. This study looks at how the Fama-French Five-Factor Model explains the equity returns of a specific enterprise software company in India. The Fama-French Five-Factor Model uses factors to explain equity returns, including Market Risk Premium, Size, Value, Profitability and Investment. The study uses data from reports, the stock market and financial databases to analyse the company’s equity returns from 2015 to 2025. The study looks at the equity returns and the five factors every month. The researchers used methods to analyse the data, including looking at the numbers finding correlations and doing multiple regression. They also looked at how the company was doing by checking the Return on Assets Return on Equity and Earnings Per Share. The results of the study show that the Fama-French Five-Factor Model is very good at explaining the equity returns with an R-squared of 0.7592. The Market Risk Premium is very important in explaining the equity returns. The Size factor is also important. Not as much. The Value, Profitability and Investment factors are not as important in this study. They are still relevant to how stocks perform. The study found that the overall market risk is the factor that explains the equity returns. This is information for investors, people who manage portfolios, financial analysts and researchers who study how assets are priced in emerging markets like India. The Fama-French Five-Factor Model and equity returns of the company are important to these people because they help them make decisions. Equity returns and the Fama-French Five-Factor Model are tools, for understanding how the market works.