TechNVision Ventures Ltd.

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technvision.comBSE: 501421NSE: TECHNVISN

Market Cap₹ 3,200 Cr.

Current Price

High / Low₹ 6,198 / 3,223

Stock P/E3156.1

Book Value₹ 29

Price to Book249.85

Dividend Yield0.00 %

ROCE10.4 %

ROE6.0 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Operating margins have improved to 12.2% from 6.1%
Working capital cycle has improved - days down from 57 to -21

CONS

A large part of profit comes from other income (90.9% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -6.09x)
Company has a low return on equity of 3.7% over last 3 years
Company has a low return on capital employed of 7.7%
Interest coverage is weak at 1.7x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2312.00	16.80	836501.83	4.76	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1128.00	15.11	457768.62	4.26	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1310.25	20.41	355557.97	4.12	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	176.60	13.23	174910.92	6.23	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1597.00	30.48	156527.36	3.19	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4516.00	25.61	133954.19	1.66	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12050.00	30.75	104935.17	3.32	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5624.00	46.13	88718.60	0.71	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1963.70	49.51	86987.61	0.80	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2457.05	24.55	46899.54	2.52	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3498.50	28.11	37111.23	1.66	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	TECHNVISN	5100.00	1064.27	3200.25	0.00	2.82	9627.59	73.58	29.95	9.84	5.17

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4	4	4	4	5	5	4	6	5	6	6	7	6
	3	3	3	4	4	5	4	5	5	5	6	7	6
Operating Profit	0	1	1	0	1	1	0	1	1	1	0	1	0
OPM %	8.40%	19.90%	18.23%	8.54%	16.04%	9.94%	4.82%	15.82%	10.07%	17.88%	1.04%	9.34%	3.89%
	0	0	0	1	0	1	1	-0	0	0	0	0	0
Interest	0	0	0	1	0	0	0	1	1	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	0	0	0	0	1	0	-0	0	1	-0	0	1
Tax %	30.00%	25.93%	36.36%	25.81%	25.58%	25.86%	25.58%	18.18%	27.78%	23.60%	33.33%	74.36%	25.14%
Net Profit	0	0	0	0	0	0	0	-0	0	1	-0	0	0
	0.12	0.32	0.12	0.37	0.51	0.69	0.51	-0.14	0.20	1.09	-0.25	0.16	0.62

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	5	6	7	8	12	15	19	14	15	20	26
	6	6	6	8	11	14	18	13	13	17	24
Operating Profit	-0	0	0	0	0	1	1	1	2	2	2
OPM %	-7.42%	3.43%	1.89%	3.79%	3.83%	3.96%	6.11%	5.54%	14.95%	12.22%	8.26%
	1	0	0	0	0	0	0	0	1	1	1
Interest	0	0	0	0	0	0	0	0	2	2	2
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	0	0	0	0	0	1	0	1	1	2
Tax %	44.70%	65.00%	47.13%	-16.65%	0.61%	27.51%	90.82%	38.97%	27.32%	25.90%	35.30%
Net Profit	0	0	0	0	0	0	0	0	1	1	1
EPS	0.00	0.00	0.00	0.00	0.22	0.15	0.09	0.33	0.91	1.56	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 11%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 69%
5 Years:: 47%
3 Years:: 158%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 1%
5 Years:: 2%
3 Years:: 4%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6	6	6	6	6	6	6	6	6	6
	8	8	8	9	9	9	9	9	10	11
	3	1	1	0	0	1	2	2	15	14
	1	1	1	1	1	1	2	1	8	8
Total Liabilities	19	16	16	16	16	17	19	19	39	40
	0	0	1	1	1	1	1	1	1	2
	10	10	10	10	10	10	10	10	10	10
	0	0	0	0	0	0	0	0	2	0
Cash & Bank	1	1	1	1	0	0	0	2	0	0
	7	6	5	4	5	6	8	6	26	28
Total Assets	19	16	16	16	16	17	19	19	39	40

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3	2	1	1	-0	1	1	3	-13	0
Cash from Investing	-0	-0	-0	-0	-1	-0	-0	-0	-0	-1
Cash from Financing	-2	-2	-0	-1	-0	-0	-0	-0	12	1
	1	-1	0	0	-1	-0	-0	2	-2	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.09	0.04	0.13	0.19	0.22	0.15	0.09	0.33	0.91	1.56
Book Value (₹)	23.35	23.39	23.52	23.71	23.94	24.08	24.17	24.51	25.43	26.99
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.30	0.27	0.37	0.53	0.72	0.79	0.77	1.00	1.47	2.10
PROFITABILITY
Operating Margin %	4.57%	3.84%	4.93%	3.92%	3.86%	3.97%	6.14%	5.79%	14.95%	12.22%
Net Margin %	0.99%	0.37%	1.29%	1.42%	1.19%	0.61%	0.30%	1.48%	3.75%	4.99%
ROE %	0.37%	0.15%	0.58%	0.79%	0.94%	0.61%	0.38%	1.37%	3.64%	5.96%
ROCE %	0.67%	0.53%	1.14%	0.70%	0.99%	1.22%	4.60%	2.31%	10.28%	10.41%
	0.28%	0.13%	0.52%	0.73%	0.88%	0.54%	0.31%	1.11%	1.96%	2.47%
EFFICIENCY
Debtor Days	510	341	266	179	108	56	22	58	62	20
Inventory Days	16	0	0	0	0	0	0	0	0	0
Payable Days	130	0	0	0	0	0	0	0	0	0
	395	341	266	179	108	56	22	58	62	20
FINANCIAL HEALTH
Debt to Equity (x)	0.14x	0.05x	0.04x	0.00x	0.00x	0.05x	0.12x	0.13x	0.96x	0.85x
Interest Coverage (x)	6.78x	4.12x	11.69x	17.03x	26.47x	3.05x	5.70x	7.29x	1.46x	1.68x
	8.07x	6.29x	6.02x	5.59x	4.09x	2.75x	2.11x	2.29x	1.21x	0.91x
GROWTH
Revenue Growth %	12.63%	10.44%	8.36%	25.00%	43.92%	26.36%	29.06%	-26.95%	7.96%	29.13%
Operating Profit Growth %	50.66%	-7.28%	39.24%	-0.57%	41.68%	30.01%	99.34%	-31.13%	250.18%	26.25%
Net Profit Growth %	989.20%	-58.76%	276.19%	38.17%	20.59%	-35.11%	-37.62%	265.85%	173.10%	71.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	173.11%	71.78%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1738.62x	4318.16x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	62.16x	249.85x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	353.07x	1179.45x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.32	74.32	74.32	74.32	74.32	74.32	74.32	74.32	74.32
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.68	25.68	25.68	25.68	25.68	25.68	25.68	25.68	25.68

Documents

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