Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.14 | 7.08 | 7.71 | 6.56 | 7.07 | 7.68 | 10.40 | 9.83 | 11.44 | 14.33 | 13.07 | 15.01 |
| Expenses | 4.93 | 4.68 | 5.50 | 5.93 | 6.24 | 6.73 | 14.45 | 8.49 | 10.18 | 12.26 | 12.62 | 13.91 |
| Operating Profit | -0.79 | 2.40 | 2.21 | 0.63 | 0.83 | 0.95 | -4.05 | 1.34 | 1.26 | 2.07 | 0.45 | 1.10 |
| OPM % | -19.08% | 33.90% | 28.66% | 9.60% | 11.74% | 12.37% | -38.94% | 13.63% | 11.01% | 14.45% | 3.44% | 7.33% |
| Other Income | 0.01 | 0.01 | 0.90 | 0.36 | 0.29 | 0.49 | 4.76 | 0.64 | 0.67 | 0.75 | 1.87 | 0.73 |
| Interest | 0.06 | 0.03 | 0.12 | 0.09 | 0.18 | 0.23 | 0.31 | 0.36 | 0.41 | 0.42 | 0.47 | 0.47 |
| Depreciation | 0.39 | 0.40 | 0.40 | 0.36 | 0.43 | 0.49 | 0.51 | 0.46 | 0.47 | 0.49 | 0.54 | 0.55 |
| Profit before tax | -1.23 | 1.98 | 2.59 | 0.54 | 0.51 | 0.72 | -0.11 | 1.16 | 1.05 | 1.91 | 1.31 | 0.81 |
| Tax % | -41.46% | 20.71% | 29.34% | 11.11% | 11.76% | 25.00% | 618.18% | 27.59% | 25.71% | 20.42% | 48.85% | 23.46% |
| Net Profit | -0.72 | 1.57 | 1.83 | 0.49 | 0.45 | 0.54 | -0.79 | 0.84 | 0.77 | 1.52 | 0.68 | 0.63 |
| EPS in Rs | -0.13 | 0.29 | 0.34 | 0.20 | 0.18 | 0.22 | -0.15 | 0.16 | 0.14 | 0.28 | 0.13 | 0.12 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.23 | 52.95 | 37.95 | 15.71 | 8.02 | 6.18 | 6.37 | 22.45 | 24.86 | 31.71 | 48.66 | 53.85 |
| Expenses | 16.31 | 33.51 | 26.21 | 16.26 | 7.33 | 4.33 | 4.49 | 16.93 | 20.11 | 33.29 | 43.34 | 48.97 |
| Operating Profit | 1.92 | 19.44 | 11.74 | -0.55 | 0.69 | 1.85 | 1.88 | 5.52 | 4.75 | -1.58 | 5.32 | 4.88 |
| OPM % | 10.53% | 36.71% | 30.94% | -3.50% | 8.60% | 29.94% | 29.51% | 24.59% | 19.11% | -4.98% | 10.93% | 9.06% |
| Other Income | 0.60 | 0.08 | 0.10 | 0.18 | -31.33 | -0.53 | -0.01 | 0.27 | 0.98 | 5.91 | 3.21 | 4.02 |
| Interest | 0.18 | 0.35 | 0.20 | 0.18 | 0.25 | 0.20 | 0.18 | 0.39 | 0.32 | 0.88 | 1.66 | 1.77 |
| Depreciation | 0.36 | 0.21 | 0.42 | 0.54 | 0.33 | 1.09 | 1.08 | 1.51 | 1.60 | 1.78 | 2.16 | 2.05 |
| Profit before tax | 1.98 | 18.96 | 11.22 | -1.09 | -31.22 | 0.03 | 0.61 | 3.89 | 3.81 | 1.67 | 4.71 | 5.08 |
| Tax % | -0.51% | 17.72% | 6.68% | -5.50% | -0.10% | 100.00% | -1.64% | 2.57% | 21.26% | 58.08% | 30.15% | |
| Net Profit | 1.99 | 15.60 | 10.48 | -1.03 | -31.19 | 0.00 | 0.62 | 3.78 | 3.00 | 0.69 | 3.30 | 3.60 |
| EPS in Rs | 0.46 | 3.45 | 2.31 | -0.23 | -6.82 | 0.00 | 0.14 | 0.75 | 0.55 | 0.13 | 0.61 | 0.67 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 10% | 51% | 29% | 54% | ||
| Compounded Profit Growth | 5% | 19% | -4% | 281% | ||
| Stock Price CAGR | -12% | 14% | -7% | 29% | ||
| Return on Equity | 11% | 4% | 1% | 4% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17.47 | 17.47 | 18.07 | 18.27 | 18.27 | 18.27 | 18.27 | 18.27 | 20.27 | 29.79 | 54.18 | 54.18 |
| Reserves | -0.62 | 2.80 | 20.06 | 26.35 | 19.17 | -12.03 | -12.03 | -11.34 | -0.41 | 5.56 | 20.50 | 23.38 |
| Borrowings | 4.41 | 1.98 | 1.03 | 1.30 | 3.73 | 5.67 | 1.29 | 6.60 | 3.46 | 3.45 | 16.22 | 26.45 |
| Other Liabilities | 3.23 | 2.42 | 7.33 | 9.95 | 10.11 | 5.37 | 6.93 | 3.98 | 10.74 | 8.46 | 5.42 | 10.46 |
| Total Liabilities | 24.49 | 24.67 | 46.49 | 55.87 | 51.28 | 17.28 | 14.46 | 17.51 | 34.06 | 47.26 | 96.32 | 114.47 |
| Fixed Assets | 3.28 | 3.39 | 3.52 | 4.33 | 12.23 | 8.81 | 0.28 | 8.93 | 19.94 | 20.39 | 21.39 | 24.16 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.21 | 8.66 | 0.00 | 1.08 | 0.00 | 6.42 | 5.44 |
| Investments | 0.00 | 6.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.18 | 21.46 |
| Other Assets | 21.21 | 15.03 | 42.97 | 51.54 | 39.05 | 5.26 | 5.52 | 8.58 | 13.04 | 26.87 | 53.33 | 63.41 |
| Total Assets | 24.49 | 24.67 | 46.49 | 55.87 | 51.28 | 17.28 | 14.46 | 17.51 | 34.06 | 47.26 | 96.32 | 114.47 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2.46 | 8.47 | 2.52 | -1.73 | 14.56 | 0.19 | -1.95 | 0.66 | 5.93 | 0.55 | -5.12 | 7.20 |
| Cash from Investing Activity | -2.68 | -7.32 | 3.31 | -1.33 | -8.59 | -0.19 | 1.94 | -1.12 | -13.86 | -11.45 | 3.93 | -7.58 |
| Cash from Financing Activity | 0.00 | -1.29 | 1.20 | -3.99 | -6.15 | 0.00 | 0.00 | 0.50 | 9.04 | 11.39 | 37.05 | 2.51 |
| Net Cash Flow | -0.22 | -0.14 | 7.03 | -7.05 | -0.17 | 0.00 | -0.01 | 0.04 | 1.10 | 0.50 | 35.87 | 2.14 |
| Free Cash Flow | -0.12 | 8.00 | 2.18 | -2.96 | 6.11 | 0.08 | 0.04 | -0.42 | -7.66 | 0.07 | -13.12 | 3.25 |
| CFO/OP | 108% | 441% | 13% | -15% | -2,647% | 28% | -104% | 37% | 107% | 12% | 376% | 170% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 233.52 | 183.20 | 116.63 | 144.56 | 323.41 | 142.45 | 248.65 | 169.03 | 144.54 | 207.17 | 151.13 | 136.89 |
| Inventory Days | 263.84 | 0.00 | ||||||||||
| Days Payable | 21.30 | |||||||||||
| Cash Conversion Cycle | 476.07 | 183.20 | 116.63 | 144.56 | 323.41 | 142.45 | 248.65 | 169.03 | 144.54 | 207.17 | 151.13 | 136.89 |
| Working Capital Days | 339.58 | 208.43 | 185.36 | 381.45 | 572.48 | -273.98 | 47.25 | -206.28 | 60.97 | 119.81 | -59.16 | -74.26 |
| ROCE % | 6.61% | 9.93% | 62.89% | 26.85% | -2.09% | 1.88% | 16.98% | 8.74% | 23.23% | 13.30% | -1.79% | 6.54% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 45.07% | 46.31% | 38.45% | 36.61% | 39.07% | 36.92% | 37.37% | 37.34% | 37.47% | 37.47% | 38.28% | 42.99% |
| Public | 54.93% | 53.68% | 61.56% | 63.38% | 60.94% | 63.07% | 62.64% | 62.66% | 62.54% | 62.52% | 61.71% | 57.02% |
| No. of Shareholders | 14,789 | 15,179 | 17,241 | 18,785 | 18,950 | 23,801 | 20,864 | 20,539 | 20,609 | 20,048 | 19,685 | 19,569 |
Fundamentals
Market Cap₹ 78.2 Cr.
Current Price₹ 14.3
Stock P/E21.7
Book Value₹ 14.3
ROCE6.54 %
ROE4.34 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)54%
Compounded Profit Growth (TTM)281%
Consolidated figures.
Valuation
Market capRs 76 Cr
Enterprise valueRs 62 Cr
P/E (TTM)20.98x
Price to book0.97x
Price to sales1.40x
EV / EBITDA7.00x
EV / EBIT9.10x
EV / sales1.16x
Price to cash flow10.49x
Earnings yield4.77%
P/E, 3-year average42.37x
P/B, 3-year average1.22x
P/E, 5-year average31.62x
P/B, 5-year average1.44x
Profitability
Operating margin (excl. other income)10.93%
Operating margin (incl. other income)17.53%
EBITDA margin16.53%
Pre-tax margin9.43%
Net profit margin6.69%
Net margin, latest quarter4.20%
ROE4.34%
ROCE6.54%
ROA3.13%
ROE, 3-year average5.49%
ROCE, 3-year average7.92%
ROA, 3-year average3.82%
ROE, 5-year average10.82%
ROCE, 5-year average10.90%
ROA, 5-year average6.00%
ROIC (approx.)7.44%
Tax rate30.15%
Other income / net worth4.14%
Growth
Sales growth (latest year)53.45%
Profit growth (latest year)378.26%
Sales CAGR, 3 years29.42%
Sales CAGR, 5 years51.09%
Profit CAGR, 3 years-4.43%
Sales growth QoQ14.84%
Profit growth QoQ-7.35%
Sales growth YoY (latest quarter)52.70%
Profit growth YoY (latest quarter)-25.00%
Per share
EPS (TTM)Rs 0.66
EPS (latest year)Rs 0.61
EPS (latest quarter)Rs 0.12
EPS, 3-year averageRs 0.43
EPS, 5-year averageRs 0.70
Book value per shareRs 14.32
Sales per shareRs 9.94
Cash flow per shareRs 1.33
Free cash flow per shareRs 0.60
Efficiency
Asset turnover0.43x
Fixed asset turnover2.01x
Debtor days137 days
Debtors turnover2.67x
Creditor days21 days
Cash conversion cycle137 days
Working capital days-74 days
Leverage
Total debtRs 26 Cr
Cash and bankRs 40 Cr
Net debtRs -13 Cr
Debt to equity0.34x
Net debt / EBITDA-1.48x
Interest coverage3.87x
Owners' fund to total sources67.76%
Debt to assets23.11%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 3 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years0.81x
Sales to cash flow6.76x
Statement figures
Net sales (TTM)Rs 54 Cr
Net sales (latest year)Rs 49 Cr
Sales (latest quarter)Rs 15 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 43 Cr
Total income (latest year)Rs 52 Cr
Share capitalRs 54 Cr
ReservesRs 23 Cr
Shareholders' fundsRs 78 Cr
Total assetsRs 114 Cr
Net blockRs 24 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 21 Cr
ReceivablesRs 18 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)5.42
Ownership
Promoter holding42.99% (+5.65 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.0 is at the 39th percentile of its own 6.4-year range
(median 26.0, low 7.4, high 217.6).
P/B 0.97 is at the 18th percentile (median 4.34).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ADROITINFO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +9.5% | -2.8% | +12.3 pts |
| 1 month | +33.3% | -6.8% | +40.1 pts |
| 3 months | +55.4% | -7.6% | +63.0 pts |
| 6 months | +69.4% | +0.4% | +69.0 pts |
| 1 year | +28.7% | -9.9% | +38.6 pts |
| 2 years | -24.9% | -13.6% | -11.3 pts |
| 3 years | -41.8% | +14.2% | -56.0 pts |
| 5 years | +45.2% | +27.9% | +17.3 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was 38% of net profit over the last 3 years |
| look | Profit leans on other income Other income was 68% of pre-tax profit in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹15 Cr +52.7% vs Jun 2025.
Net profit ₹1 Cr -25.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| L&T Technology Services Ltd | 32,692 | 24.3 | 26.7 % |
| Inventurus Knowledge Solutions Ltd | 30,546 | 40.0 | 31.5 % |
| Tata Technologies Ltd | 27,886 | 42.8 | 20.9 % |
| Netweb Technologies India Ltd | 27,423 | 105 | 37.5 % |
| Affle 3i Ltd | 21,151 | 44.3 | 16.8 % |
| Sagility Ltd | 19,914 | 19.4 | 13.4 % |
| ESDS Software Solution Ltd | 18,624 | 151 | 30.2 % |
| Black Box Ltd | 14,435 | 50.5 | 21.6 % |
| E2E Networks Ltd | 13,399 | 430 | -0.51 % |
| Amagi Media Labs Ltd | 12,412 | 122 | 8.02 % |
| Cyient Ltd | 11,730 | 28.8 | 12.3 % |
| eMudhra Ltd | 5,189 | 45.1 | 15.7 % |
| Datamatics Global Services Ltd | 4,855 | 19.1 | 20.4 % |
| R Systems International Ltd | 3,509 | 16.7 | 19.5 % |
| BLS E-Services Ltd | 2,922 | 50.3 | 16.4 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting | |
| 2024-01-19 | Rights 3:2 @ Premium Rs 5/- | |
| 2023-09-22 | Annual General Meeting | |
| 2022-07-15 | Annual General Meeting | |
| 2021-09-21 | Annual General Meeting | |
| 2020-08-11 | Annual General Meeting | |
| 2019-09-20 | Annual General Meeting | |
| 2018-09-19 | Annual General Meeting | |
| 2017-08-21 | Annual General Meeting/Dividend - Re 0.50 Per Share | |
| 2016-09-21 | Annual General Meeting | |
| 2015-09-21 | Annual General Meeting | |
| 2013-12-24 | Annual General Meeting | |
| 2006-09-27 | Agm |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1