Price
Financials
Standalone, Rs crore| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.46 | 7.04 | 6.99 | 9.13 | 6.91 | 9.61 | 8.61 | 15.72 | 23.39 | 16.35 |
| Expenses | 5.08 | 6.20 | 6.47 | 7.52 | 5.96 | 7.75 | 7.60 | 13.04 | 21.50 | 14.37 |
| Operating Profit | 0.38 | 0.84 | 0.52 | 1.61 | 0.95 | 1.86 | 1.01 | 2.68 | 1.89 | 1.98 |
| OPM % | 6.96% | 11.93% | 7.44% | 17.63% | 13.75% | 19.35% | 11.73% | 17.05% | 8.08% | 12.11% |
| Other Income | 0.01 | 0.01 | 0.00 | 0.02 | 0.01 | 0.02 | 0.00 | 0.02 | 0.00 | 0.09 |
| Interest | 0.10 | 0.13 | 0.12 | 0.15 | 0.20 | 0.28 | 0.24 | 0.23 | 0.22 | 0.20 |
| Depreciation | 0.02 | 0.03 | 0.03 | 0.60 | 0.32 | 0.48 | 0.31 | 0.42 | 0.67 | 0.06 |
| Profit before tax | 0.27 | 0.69 | 0.37 | 0.88 | 0.44 | 1.12 | 0.46 | 2.05 | 1.00 | 1.81 |
| Tax % | 33.33% | 28.99% | 29.73% | 13.64% | 29.55% | 36.61% | 41.30% | 35.61% | 28.00% | 37.57% |
| Net Profit | 0.18 | 0.49 | 0.26 | 0.76 | 0.31 | 0.70 | 0.28 | 1.32 | 0.72 | 1.13 |
| EPS in Rs | 2.58 | 0.78 | 0.29 | 0.85 | 0.35 | 0.78 | 0.31 | 1.47 | 0.80 | 1.26 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 11.04 | 10.00 | 10.41 | 12.80 | 16.11 | 16.51 | 24.34 | 39.74 |
| Expenses | 8.73 | 8.14 | 10.05 | 11.27 | 13.97 | 13.69 | 20.64 | 35.87 |
| Operating Profit | 2.31 | 1.86 | 0.36 | 1.53 | 2.14 | 2.82 | 3.70 | 3.87 |
| OPM % | 20.92% | 18.60% | 3.46% | 11.95% | 13.28% | 17.08% | 15.20% | 9.74% |
| Other Income | 0.03 | 0.13 | 0.12 | 0.01 | 0.02 | 0.03 | 0.02 | 0.09 |
| Interest | 0.24 | 0.26 | 0.24 | 0.24 | 0.28 | 0.49 | 0.48 | 0.42 |
| Depreciation | 0.13 | 0.23 | 0.09 | 0.05 | 0.62 | 0.80 | 0.73 | 0.73 |
| Profit before tax | 1.97 | 1.50 | 0.15 | 1.25 | 1.26 | 1.56 | 2.51 | 2.81 |
| Tax % | 24.87% | 26.00% | 33.33% | 28.80% | 19.05% | 35.26% | 36.25% | 34.16% |
| Net Profit | 1.48 | 1.12 | 0.11 | 0.89 | 1.02 | 1.01 | 1.59 | 1.85 |
| EPS in Rs | 21.23 | 16.07 | 1.58 | 1.42 | 1.14 | 1.13 | 1.77 | 2.06 |
| Dividend Payout % | 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 | % | 31% | 35% | 63% | ||
| Compounded Profit Growth | % | 99% | 22% | 15% | ||
| Stock Price CAGR | % | % | 53% | -32% | ||
| Return on Equity | % | 8% | 7% | 7% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.70 | 0.70 | 0.70 | 6.27 | 8.97 | 8.97 | 8.97 | 8.97 |
| Reserves | 5.09 | 6.20 | 6.31 | 1.50 | 7.91 | 8.96 | 10.67 | 21.20 |
| Borrowings | 1.21 | 1.73 | 2.92 | 1.94 | 2.64 | 4.82 | 4.20 | 3.54 |
| Other Liabilities | 2.29 | 3.28 | 7.27 | 8.90 | 6.55 | 2.86 | 5.42 | 9.50 |
| Total Liabilities | 9.29 | 11.91 | 17.20 | 18.61 | 26.07 | 25.61 | 29.26 | 43.21 |
| Fixed Assets | 0.44 | 0.23 | 0.15 | 1.43 | 4.42 | 3.62 | 4.89 | 4.77 |
| CWIP | 2.76 | 4.18 | 7.00 | 7.30 | 7.55 | 7.62 | 5.62 | 5.02 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 6.09 | 7.50 | 10.05 | 9.88 | 14.10 | 14.37 | 18.75 | 33.42 |
| Total Assets | 9.29 | 11.91 | 17.20 | 18.61 | 26.07 | 25.61 | 29.26 | 43.21 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.89 | 0.64 | 1.65 | -3.03 | -3.66 | -1.39 | 0.81 | -2.26 |
| Cash from Investing Activity | -1.36 | -1.33 | -2.73 | -1.37 | -4.72 | 0.41 | 0.63 | -4.02 |
| Cash from Financing Activity | 0.67 | 0.26 | 0.96 | 4.35 | 8.53 | 1.70 | -1.10 | 7.39 |
| Net Cash Flow | 0.20 | -0.43 | -0.12 | -0.06 | 0.15 | 0.73 | 0.33 | 1.10 |
| Free Cash Flow | -0.52 | -0.80 | -1.18 | -4.91 | -7.27 | -1.46 | 0.81 | -2.27 |
| CFO/OP | 65% | 65% | 561% | 193% | -155% | -36% | 39% | -40% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 122.99 | 199.66 | 290.67 | 231.83 | 229.06 | 226.16 | 223.89 | 225.21 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 122.99 | 199.66 | 290.67 | 231.83 | 229.06 | 226.16 | 223.89 | 225.21 |
| Working Capital Days | 71.08 | 84.32 | -9.82 | -33.08 | 109.21 | 142.37 | 131.81 | 170.19 |
| ROCE % | 22.52% | 3.34% | 15.17% | 10.54% | 9.70% | 12.96% | 11.23% |
| 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 | 69.91% | 69.91% | 69.91% | 69.91% | 69.91% | 67.68% | 58.77% | 58.77% | 58.77% | 58.77% | 58.77% | 58.77% |
| Public | 30.09% | 30.09% | 30.09% | 30.09% | 30.09% | 32.32% | 41.23% | 41.23% | 41.23% | 41.23% | 41.23% | 41.23% |
| No. of Shareholders | 453 | 456 | 410 | 368 | 290 | 275 | 233 | 212 | 318 | 453 | 395 | 413 |
Fundamentals
Market Cap₹ 59.3 Cr.
Current Price₹ 66.0
Stock P/E32.0
Book Value₹ 33.6
ROCE11.2 %
ROE7.43 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)63%
Compounded Profit Growth (TTM)15%
Standalone figures.
Valuation
Market capRs 54 Cr
Enterprise valueRs 57 Cr
P/E (TTM)52.99x
Price to book2.99x
Price to sales3.24x
EV / EBITDA20.13x
EV / EBIT27.99x
EV / sales3.48x
Earnings yield1.89%
P/E, 3-year average18.09x
P/B, 3-year average1.05x
P/E, 5-year average18.09x
P/B, 5-year average1.05x
Profitability
Operating margin (excl. other income)17.08%
Operating margin (incl. other income)17.26%
EBITDA margin17.26%
Pre-tax margin9.45%
Net profit margin6.12%
ROE5.80%
ROCE9.70%
ROA3.91%
ROE, 3-year average8.71%
ROCE, 3-year average11.80%
ROA, 3-year average4.48%
ROE, 5-year average9.07%
ROCE, 5-year average12.43%
ROA, 5-year average4.95%
ROIC (approx.)6.09%
Tax rate35.26%
Other income / net worth0.17%
Growth
Sales growth (latest year)2.48%
Profit growth (latest year)-0.98%
Sales CAGR, 3 years16.62%
Sales CAGR, 5 years8.38%
Profit CAGR, 3 years109.40%
Profit CAGR, 5 years-7.36%
Per share
EPS (TTM)Rs 1.13
EPS (latest year)Rs 1.13
EPS, 3-year averageRs 1.23
EPS, 5-year averageRs 4.27
Book value per shareRs 19.98
Sales per shareRs 18.40
Cash flow per shareRs -1.55
Free cash flow per shareRs -2.53
Efficiency
Asset turnover0.64x
Fixed asset turnover4.56x
Debtor days226 days
Debtors turnover1.61x
Cash conversion cycle225 days
Working capital days170 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 1 Cr
Net debtRs 4 Cr
Debt to equity0.27x
Net debt / EBITDA1.35x
Interest coverage4.18x
Owners' fund to total sources70.01%
Debt to assets18.82%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-1.50x
Statement figures
Net sales (TTM)Rs 17 Cr
Net sales (latest year)Rs 17 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 14 Cr
Total income (latest year)Rs 17 Cr
Share capitalRs 9 Cr
ReservesRs 9 Cr
Shareholders' fundsRs 18 Cr
Total assetsRs 26 Cr
Net blockRs 4 Cr
Capital work in progressRs 8 Cr
ReceivablesRs 10 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)0.90
Ownership
Promoter holding58.77% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 53.0 is at the 34th percentile of its own 4.2-year range
(median 87.1, low 12.0, high 258.2).
P/B 2.99 is at the 32th percentile (median 4.44).
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 | KANDARP | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -22.5% | -2.8% | -19.7 pts |
| 1 month | -37.9% | -6.8% | -31.1 pts |
| 3 months | -40.3% | -7.6% | -32.7 pts |
| 6 months | -57.3% | +0.4% | -57.8 pts |
| 1 year | -43.5% | -9.9% | -33.5 pts |
| 2 years | +65.0% | -13.6% | +78.6 pts |
| 3 years | +207.5% | +14.2% | +193.3 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -277% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 1186% in three |
| explain | Debt up, profit down Borrowings up 83% while net profit fell in 2026 |
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
Mar 2026Sales ₹16 Cr +70.1% vs Mar 2024.
Net profit ₹1 Cr +61.4%.
Against our estimate for Mar 2026: sales -35.0%, profit -14.7% miss.
Activity
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|---|---|---|---|
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| Hinduja Global Solutions Ltd | 1,703 | 1.46 % | |
| Alldigi Tech Ltd | 1,182 | 12.8 | 27.9 % |
| NSB BPO Solutions Ltd | 121 | 9.44 | 8.15 % |
| We Win Ltd | 48 | 10.7 | 10.9 % |
| Cadsys (India) Ltd | 42 | -14.0 % | |
| Informed Technologies India Ltd | 33 | 29.0 | -0.32 % |
| HRH Next Services Ltd | 31 | 6.41 | 15.8 % |
| Platinumone Business Services Ltd | 24 | 35.0 | 13.4 % |
| BNR Udyog Ltd | 11 | -9.58 % | |
| Plada Infotech Services Ltd | 11 | 6.47 | 14.0 % |
| G-Tech Info Training Ltd | 3 | 319 | 8.00 % |
No bulk or block deals on record.
No corporate actions on record.
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.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Kandarp Digi Smart BPO Ltd?
Kandarp Digi Smart BPO Ltd (KANDARP) has a market capitalisation of Rs 59.3 Cr. at the 2026-10-01 close.
What is the P/E ratio of Kandarp Digi Smart BPO Ltd?
Kandarp Digi Smart BPO Ltd trades at a P/E of 32.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Kandarp Digi Smart BPO Ltd's latest quarterly results?
In the Mar 2026 quarter, Kandarp Digi Smart BPO Ltd sales was Rs 16 Cr (+70.1% vs Mar 2024) and net profit was Rs 1 Cr.
What is the 52-week high and low of Kandarp Digi Smart BPO Ltd?
The 52-week high is Rs 169.00 and the 52-week low is Rs 62.75.