Schedule of meet and Presentation
Ask the chart: “Has this stock recovered from similar drawdowns before?”
AI equity note (bull/bear, numbers, sources) — coming soon
Management guidance consistency — coming soon
Latest filings
NSE announcements · newest firstProceedings of Annual General Meeting held on September 25, 2026 along with a copy of minutes.
Proceedings of undefined held on September 25, 2026
Schedule of meet and Presentation
Press release dated September 23, 2026, titled "Sub: Intimation of Press Release regarding securing of Customer Experience Centre of Excellence (CoE) mandate valued at INR 39.32 Crores from a leading power utility Company.".
Key MetricsFull financials →
P/E (TTM)
33.6×
EPS ₹2.07
P / Book
4.10×
BVPS ₹17
ROE
9.0%
FY26, avg equity
Net margin
12.2%
FY26
Revenue YoY
+129.4%
Q1 FY27
Net profit YoY
+72.8%
Q1 FY27
Debt / equity
0.36×
₹160 Cr debt
Div. yield
–
no dividend in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| FSL₹18,083 Cr | 26.9× | 4.12× | 15.9% | 7.1% |
| ECLERX₹17,475 Cr | 24.0× | 6.82× | 29.0% | 17.2% |
| RPSGVENT₹2,771 Cr | 757.0× | 1.11× | 0.1% | 0.0% |
| ONEPOINT₹1,830 Cr | 33.6× | 4.10× | 9.0% | 12.2% |
| HGS₹1,752 Cr | – | 0.21× | 0.1% | 0.1% |
| ALLDIGI₹1,184 Cr | 13.9× | 4.72× | 32.2% | 13.7% |
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO): the companies closest in market value, of the 7 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 Flags1 Watch
Share count changed +39.8% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
Free cash flow was negative in 1 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Other income is 34% of profit before tax
FY26.
10 checks within their thresholds
Operating cash flow was 2.15× net profit
Cumulative over FY22–FY26 (5 years).
Receivables grew 32% against revenue growth of 22%
FY26: debtor days moved from 105 to 113.
Debt to equity is 0.36×
As at 2026-03-31; it was 1.06× at 2023-03-31.
Profit before interest and tax covers finance costs 7.2×
FY26.
Exceptional items above 5% of pre-tax profit in 0 of the last 5 years
FY22–FY26.
Effective tax rate averaged 26%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Promoter holding is 52.31%, +0.01 points over a year
2026-06-30 against 2025-06-30.
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 57 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 1 check 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: 7.63 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 120.9 — ₹ crore
- ✓ Cash flow above profit (accruals): 82.7 — operating cash flow less profit after tax, ₹ crore
- ✗ Return on assets improved: -5.48 — change in ROA, percentage points
- ✗ Long-term borrowings to assets fell: 16.58 — change in long-term borrowings over total assets, percentage points
- ✗ Current ratio improved: -0.58 — change in current assets over current liabilities
- ✗ No new shares issued: 0.17 — change in share capital, %
- Gross margin improved — material cost not reported (a services company has none)
- ✗ Asset turnover improved: -0.388 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹38 Cr (2026-03-31) · profit after tax ₹33 Cr (2025-03-31) · total assets ₹837 Cr (2026-03-31) · total assets ₹501 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
8 of the nine tests could be run; the score counts the ones that passed
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: 4.38 · 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: 0.182 × 1.2
- retained earnings / total assets: 0.471 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.072 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 4.816 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.374 × 1
Inputs: total assets ₹837 Cr (2026-03-31) · current assets ₹245 Cr (2026-03-31) · current liabilities ₹93 Cr (2026-03-31) · reserves ₹394 Cr (2026-03-31) · total equity ₹462 Cr (2026-03-31) · profit before tax ₹52 Cr (2026-03-31) · finance cost ₹8 Cr (2026-03-31) · revenue ₹313 Cr (2026-03-31) · market capitalisation (today) ₹1,803 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: 23.54 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 1.45
- book value per share: 16.99 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 1.45 (2026-03-31) · owners' equity ₹447 Cr (2026-03-31) · paid-up capital ₹53 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: -12.37 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹38 Cr (2026-03-31) · operating cash flow ₹121 Cr (2026-03-31) · total assets ₹837 Cr (2026-03-31) · total assets ₹501 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 (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.