Appointment of Mr. Anand Ganapathy as Chief Revenue Officer (CRO) of the company w.e.f. September 24, 2026.
Ask the chart: “Has this stock recovered from similar drawdowns before?”
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Latest filings
NSE announcements · newest firstKey MetricsFull financials →
P/E (TTM)
43.0×
EPS ₹15.16
P / Book
0.80×
BVPS ₹820
ROE
-0.9%
FY26, avg equity
Net margin
-6.3%
FY26
Revenue YoY
+334.1%
Q1 FY27
Net profit YoY
+1644.4%
Q1 FY27
Debt / equity
0.09×
₹159 Cr debt
Div. yield
–
no dividend in 12 months
From NSE filings (standalone) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| SAGILITY₹20,912 Cr | 21.1× | 2.16× | 10.3% | 12.9% |
| ESDS₹20,812 Cr | – | – | – | – |
| BBOX₹14,196 Cr | 62.8× | 11.03× | 21.3% | 3.4% |
| AMAGI₹12,454 Cr | – | 7.09× | 4.1% | 4.8% |
| CYIENT₹12,173 Cr | 29.4× | 2.14× | 8.4% | 6.4% |
| E2E₹1,341 Cr | 43.0× | 0.80× | -0.9% | -6.3% |
IT Enabled Services: the companies closest in market value, of the 50 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags2 Watch
Free cash flow was negative in 3 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Profit before interest and tax covers finance costs -0.7×
FY26.
Receivables grew 76% against revenue growth of 50%
FY26: debtor days moved from 22 to 25.
Promoter holding is 39.45%, -1.16 points over a year
2026-06-30 against 2025-06-30.
7 checks within their thresholds
Operating cash flow was 4.49× net profit
Cumulative over FY22–FY26 (5 years).
Debt to equity is 0.09×
As at 2026-03-31; it was 0.01× at 2023-03-31.
Exceptional items above 5% of pre-tax profit in 0 of the last 5 years
FY22–FY26.
Effective tax rate averaged 25%
Tax over pre-tax profit, last 2 years. The base corporate rate is about 25%.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 8 quarters
Slowest filing came 42 days after the period end.
Computed from NSE filings (standalone). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 2 checks not run for lack of data.
Formula Scores
Piotroski F-score: 3 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✗ Return on assets positive: -0.6 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 122.1 — ₹ crore
- ✓ Cash flow above profit (accruals): 137.6 — operating cash flow less profit after tax, ₹ crore
- ✗ Return on assets improved: -19.21 — change in ROA, percentage points
- ✗ Long-term borrowings to assets fell: 3.13 — change in long-term borrowings over total assets, percentage points
- ✗ Current ratio improved: -0.49 — change in current assets over current liabilities
- ✗ No new shares issued: 2.95 — change in share capital, %
- ✓ Gross margin improved: 18.59 — revenue less material cost over revenue, change in percentage points
- ✗ Asset turnover improved: -0.547 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹-16 Cr (2026-03-31) · profit after tax ₹47 Cr (2025-03-31) · total assets ₹2,328 Cr (2026-03-31) · total assets ₹2,581 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 13.32 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.044 × 1.2
- retained earnings / total assets: 0.715 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: -0.004 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 20.296 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.105 × 1
Inputs: total assets ₹2,328 Cr (2026-03-31) · current assets ₹608 Cr (2026-03-31) · current liabilities ₹505 Cr (2026-03-31) · reserves ₹1,664 Cr (2026-03-31) · total equity ₹1,685 Cr (2026-03-31) · profit before tax ₹-21 Cr (2026-03-31) · finance cost ₹12 Cr (2026-03-31) · revenue ₹246 Cr (2026-03-31) · market capitalisation (today) ₹13,051 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: not computed · FY to 2026-03-31undefined when earnings or book value per share are not positive
Sloan accrual ratio: -5.61 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹-16 Cr (2026-03-31) · operating cash flow ₹122 Cr (2026-03-31) · total assets ₹2,328 Cr (2026-03-31) · total assets ₹2,581 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (standalone); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.