Trigyn Technologies Ltd.

•

trigyn.comBSE: 517562NSE: TRIGYN

Market Cap₹ 181 Cr.

Current Price

High / Low₹ 102 / 38

Stock P/E17.9

Book Value₹ 260

Price to Book0.28

Dividend Yield0.00 %

ROCE4.0 %

ROE1.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Government: 80.5% • Others: 19.5%

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

Company is almost debt free
Latest quarter profit grew 175.7% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.89x)
Company comfortably covers its interest (10.5x coverage)
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (67.0% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 3.3% over last 3 years
Company has a low return on capital employed of 6.4%
Company's sales have been declining over the last five years

* 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.	TRIGYN	58.76	17.94	180.90	0.00	3.49	175.68	252.76	12.59	4.03	1.37

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	322	316	307	334	242	208	207	240	224	242	258	252	253
	305	300	323	317	232	203	207	235	227	240	258	248	251
Operating Profit	18	16	-17	17	9	4	-0	6	-2	2	0	4	2
OPM %	5.49%	5.11%	-5.38%	5.20%	3.91%	2.10%	-0.18%	2.32%	-1.07%	0.91%	0.06%	1.43%	0.72%
	3	3	2	3	4	4	4	4	4	4	3	4	4
Interest	0	0	0	1	0	0	0	2	1	1	0	1	1
Depreciation	2	2	2	2	1	1	1	1	1	1	1	1	1
Profit before Tax	19	17	-16	18	12	6	3	7	1	5	2	6	6
Tax %	35.79%	37.19%	-37.80%	-5.33%	35.18%	86.49%	42.32%	56.23%	718.06%	-11.09%	57.50%	88.50%	44.59%
Net Profit	0	0	0	0	8	4	1	3	-5	5	1	1	3
	3.93	3.53	-7.15	6.17	2.55	0.28	0.50	0.96	-1.45	1.72	0.22	0.23	1.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	625	679	685	895	911	985	1,041	1,273	1,280	898	1,005
	563	614	624	810	833	893	975	1,212	1,245	880	997
Operating Profit	62	65	61	84	77	92	65	61	35	18	8
OPM %	9.85%	9.60%	8.88%	9.42%	8.48%	9.35%	6.28%	4.78%	2.72%	1.97%	0.77%
	2	3	1	-4	5	3	3	6	12	17	15
Interest	1	1	1	1	2	3	3	2	2	3	3
Depreciation	1	1	1	1	2	3	7	7	7	5	3
Profit before Tax	62	66	60	78	78	89	59	58	38	26	19
Tax %	38.04%	41.10%	34.06%	38.22%	35.51%	30.15%	33.58%	40.45%	47.75%	55.53%	46.16%
Net Profit	38	39	39	48	50	62	39	35	20	12	10
EPS	0.00	0.00	0.00	0.00	0.00	20.11	12.69	11.26	6.48	3.82	—
Dividend Payout %	0.00%	0.00%	0.00%	4.76%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 0%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: -7%
5 Years:: -25%
3 Years:: -33%

STOCK PRICE CAGR

10 Years:: -5%
5 Years:: -13%
3 Years:: -25%
1 Year:: -21%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 6%
3 Years:: 3%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	29	30	30	31	31	31	31	31	31	31
	259	295	336	402	473	527	577	650	670	710
	0	0	0	8	6	10	6	6	4	12
Trade Payables	33	37	53	65	72	77	84	98	80	70
	35	33	36	39	43	51	69	83	96	102
Total Liabilities	355	395	455	545	624	695	768	868	881	925
	88	89	90	90	100	99	108	107	103	97
Capital Work in Progress	0	0	0	0	1	1	1	1	0	0
	1	1	1	4	4	5	21	83	17	38
	0	0	10	1	5	3	3	11	8	9
	0	0	0	0	0	0	0	0	249	244
Cash & Bank	67	110	123	123	130	196	215	138	336	413
	199	195	231	327	385	390	418	528	169	124
Total Assets	355	395	455	545	624	695	768	868	881	925

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	76	74	39	-3	26	106	68	-21	126	51
Cash from Investing	0	1	-2	-3	-11	-1	-31	-63	68	16
Cash from Financing	-1	-1	-1	7	-5	-5	-6	-3	-4	-3
	51	47	13	-13	-17	74	8	-118	191	64

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	13.03	13.13	13.20	15.74	16.27	20.20	12.69	11.26	6.48	3.82
Book Value (₹)	97.82	109.07	122.28	140.77	163.50	181.24	197.31	221.21	227.77	240.71
Dividend per Share (₹)	0.00	0.00	0.00	0.75	0.25	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	13.21	13.36	13.56	16.14	16.95	21.20	14.87	13.47	8.72	5.45
PROFITABILITY
Operating Margin %	10.27%	9.99%	9.02%	9.53%	9.01%	9.62%	6.56%	5.29%	2.72%	1.97%
Net Margin %	6.14%	5.75%	5.77%	5.42%	5.50%	6.31%	3.75%	2.72%	1.56%	1.31%
ROE %	14.34%	12.75%	11.44%	12.13%	10.70%	11.72%	6.71%	5.38%	2.89%	1.63%
ROCE %	23.55%	21.78%	17.36%	19.47%	16.65%	16.96%	10.45%	9.34%	5.76%	4.03%
	11.75%	10.41%	9.29%	9.69%	8.57%	9.43%	5.34%	4.24%	2.28%	1.30%
EFFICIENCY
Debtor Days	87	73	71	68	91	93	92	84	79	100
Inventory Days	0	0	5	2	1	1	1	2	3	3
Payable Days	3675	7224	1994	368	1886	1620	0	979	2051	0
	-3588	-7152	-1918	-298	-1794	-1526	93	-893	-1969	103
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.00x	0.00x	0.03x	0.02x	0.02x	0.01x	0.00x	0.00x	0.01x
Interest Coverage (x)	48.44x	73.08x	76.11x	73.15x	36.06x	33.77x	22.27x	26.97x	24.06x	10.53x
	3.97x	4.37x	3.97x	3.70x	3.93x	3.97x	3.64x	3.33x	4.26x	4.81x
GROWTH
Revenue Growth %	26.71%	8.74%	0.79%	30.70%	1.78%	8.22%	5.60%	22.31%	0.55%	-29.82%
Operating Profit Growth %	60.81%	5.88%	-9.05%	38.14%	-3.84%	15.63%	-27.97%	-1.49%	-30.52%	-24.20%
Net Profit Growth %	56.70%	1.78%	1.11%	22.76%	3.41%	24.09%	-37.16%	-11.25%	-42.43%	-41.04%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-42.43%	-41.04%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.40x	17.70x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.41x	0.28x
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	-1.03x	-5.53x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.51	44.51	44.51	44.51	44.51	44.51	44.51	44.51	44.51
	0.27	0.25	0.15	0.22	0.26	0.14	0.10	0.18	0.12
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
	55.22	55.24	55.33	55.27	55.23	55.36	55.38	55.31	55.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Trigyn Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

General Updates

2026-08-11 - Trigyn Technologies Limited has informed the Exchange about General Updates - Appointment of Mr. Narendra Bhandari as an Independent Director

2026-08-11

Press Release

2026-08-11 - Trigyn Technologies Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "TRIGYN TECHNOLOGIES LIMITED ANNOUNCES RESULTS HIGHLIGHTS FOR Q1 FY 2026-27".

2026-08-11

Outcome of Board Meeting

2026-08-11 - Trigyn Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-10

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-10 - Trigyn Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-03

Copy of Newspaper Publication

2026-07-03 - Trigyn Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-06-30

Disclosure under SEBI Takeover Regulations

2026-06-30 - United Telecoms Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-06-26

Trading Window

2026-06-26 - Trigyn Technologies Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-24

Shareholders meeting

2026-06-24 - Trigyn Technologies Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

News

Recent coverage and analyst commentary for TRIGYN

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Free 5nance Account

Name

TCS

2312.00

16.80

836501.83

4.76

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1128.00

15.11

457768.62

4.26

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1310.25

20.41

355557.97

4.12

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

176.60

13.23

174910.92

6.23

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1597.00

30.48

156527.36

3.19

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4516.00

25.61

133954.19

1.66

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

12050.00

30.75

104935.17

3.32

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5624.00

46.13

88718.60

0.71

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1963.70

49.51

86987.61

0.80

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2457.05

24.55

46899.54

2.52

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3498.50

28.11

37111.23

1.66

3571.00

1029.71

29401.00

1014.73

27.70

18.65

TRIGYN

58.76

17.94

180.90

0.00

3.49

175.68

252.76

12.59

4.03

1.37

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

322

316

307

334

242

208

207

240

224

242

258

252

253

305

300

323

317

232

203

207

235

227

240

258

248

251

Operating Profit

-17

-0

-2

OPM %

5.49%

5.11%

-5.38%

5.20%

3.91%

2.10%

-0.18%

2.32%

-1.07%

0.91%

0.06%

1.43%

0.72%

Interest

Depreciation

Profit before Tax

-16

Tax %

35.79%

37.19%

-37.80%

-5.33%

35.18%

86.49%

42.32%

56.23%

718.06%

-11.09%

57.50%

88.50%

44.59%

Net Profit

-5

3.93

3.53

-7.15

6.17

2.55

0.28

0.50

0.96

-1.45

1.72

0.22

0.23

1.13

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

625

679

685

895

911

985

1,041

1,273

1,280

898

1,005

563

614

624

810

833

893

975

1,212

1,245

880

997

Operating Profit

OPM %

9.85%

9.60%

8.88%

9.42%

8.48%

9.35%

6.28%

4.78%

2.72%

1.97%

0.77%

-4

Interest

Depreciation

Profit before Tax

Tax %

38.04%

41.10%

34.06%

38.22%

35.51%

30.15%

33.58%

40.45%

47.75%

55.53%

46.16%

Net Profit

EPS

0.00

20.11

12.69

11.26

6.48

3.82

—

Dividend Payout %

0.00%

4.76%

1.54%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

259

295

336

402

473

527

577

650

670

710

Trade Payables

102

Total Liabilities

355

395

455

545

624

695

768

868

881

925

100

108

107

103

Capital Work in Progress

249

244

Cash & Bank

110

123

130

196

215

138

336

413

199

195

231

327

385

390

418

528

169

124

Total Assets

355

395

455

545

624

695

768

868

881

925

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-3

106

-21

126

Cash from Investing

-2

-3

-11

-1

-31

-63

Cash from Financing

-1

-5

-6

-3

-4

-3

-13

-17

-118

191

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

13.03

13.13

13.20

15.74

16.27

20.20

12.69

11.26

6.48

3.82

Book Value (₹)

97.82

109.07

122.28

140.77

163.50

181.24

197.31

221.21

227.77

240.71

Dividend per Share (₹)

0.00

0.75

0.25

0.00

Cash EPS (₹)

13.21

13.36

13.56

16.14

16.95

21.20

14.87

13.47

8.72

5.45

PROFITABILITY

Operating Margin %

10.27%

9.99%

9.02%

9.53%

9.01%

9.62%

6.56%

5.29%

2.72%

1.97%

Net Margin %

6.14%

5.75%

5.77%

5.42%

5.50%

6.31%

3.75%

2.72%

1.56%

1.31%

ROE %

14.34%

12.75%

11.44%

12.13%

10.70%

11.72%

6.71%

5.38%

2.89%

1.63%

ROCE %

23.55%

21.78%

17.36%

19.47%

16.65%

16.96%

10.45%

9.34%

5.76%

4.03%

11.75%

10.41%

9.29%

9.69%

8.57%

9.43%

5.34%

4.24%

2.28%

1.30%

EFFICIENCY

Debtor Days

100

Inventory Days

Payable Days

3675

7224

1994

368

1886

1620

979

2051

-3588

-7152

-1918

-298

-1794

-1526

-893

-1969

103

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

0.03x

0.02x

0.01x

0.00x

0.01x

Interest Coverage (x)

48.44x

73.08x

76.11x

73.15x

36.06x

33.77x

22.27x

26.97x

24.06x

10.53x

3.97x

4.37x

3.97x

3.70x

3.93x

3.97x

3.64x

3.33x

4.26x

4.81x

GROWTH

Revenue Growth %

26.71%

8.74%

0.79%

30.70%

1.78%

8.22%

5.60%

22.31%

0.55%

-29.82%

Operating Profit Growth %

60.81%

5.88%

-9.05%

38.14%

-3.84%

15.63%

-27.97%

-1.49%

-30.52%

-24.20%

Net Profit Growth %

56.70%

1.78%

1.11%

22.76%

3.41%

24.09%

-37.16%

-11.25%

-42.43%

-41.04%

0.00%

-42.43%

-41.04%

VALUATION

P/E (x)

0.00x

14.40x

17.70x

P/B (x)

0.00x

0.41x

0.28x

Dividend Yield %

0.00%

0.00x

-1.03x

-5.53x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

44.51

0.27

0.25

0.15

0.22

0.26

0.14

0.10

0.18

0.12

DIIs

0.00

Government

0.00

55.22

55.24

55.33

55.27

55.23

55.36

55.38

55.31

55.37

Trigyn Technologies Ltd.

AI Sector View

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Quarterly Results

Profit & Loss

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Trigyn Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI