Fractal Analytics Ltd.

•

₹ 846.7-1%

2026-08-21

fractal.aiBSE: 544700NSE: FRACTAL

Market Cap₹ 14,339 Cr.

Current Price₹ 855

High / Low₹ 1,118 / 734

Stock P/E49.1

Book Value₹ 191

Price to Book4.48

Dividend Yield0.00 %

ROCE16.1 %

ROE17.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Fractal ai: 97.7% • Fractal.alpha: 2.3%

PROS

Promoters have been increasing their shareholding - up 17.0pp over 2 years
Latest quarter profit grew 1202.7% YoY, showing strong momentum
Operating margins have improved to 12.7% from -5.0%
Company has delivered good sales growth of 29.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.46x)

CONS

Effective tax rate is unusually low at 7.3% - earnings may be flattered
Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

EDIT COLUMNS

Information TechnologyITIT - Software

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TCS	2287.00	16.62	827456.62	4.81	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1117.05	14.97	453305.21	4.30	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1322.50	20.60	358882.21	4.08	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	179.50	13.45	177780.78	6.13	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1582.20	30.20	155076.76	3.22	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4535.00	25.72	134517.77	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11720.00	29.90	102061.42	3.41	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5510.00	45.20	86920.25	0.73	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1815.00	45.76	80390.07	0.87	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2420.00	24.18	46192.17	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3538.70	28.44	37537.66	1.64	357.10	12.97	2940.10	11.47	27.70	18.65
12.	FRACTAL	833.85	49.07	14339.31	0.00	723.00	1202.70	9125.00	1104.62	16.09	13.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	707	758	760	854	886	912
	619	630	700	726	706	818
Operating Profit	—	—	—	—	—	—
OPM %	—	—	—	—	—	—
Other Income	24	5	14	2	26	20
Interest	10	11	12	11	13	9
Depreciation	24	34	30	36	37	40
	105	91	53	83	150	97
Tax %	9.36%	33.26%	28.87%	-42.33%	18.16%	25.77%
Net Profit	0	0	38	100	116	72
	6	4	0	6	7	0
Equity Capital	3	3	3	14	17	17
Reserves	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	3	3	3	14	17	17
Reserves	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2024

: 707
: 619
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 10
Depreciation: 24
: 105
Tax %: 9.36%
Net Profit: 0
: 6
Equity Capital: 3
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 3
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 758
: 630
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 11
Depreciation: 34
: 91
Tax %: 33.26%
Net Profit: 0
: 4
Equity Capital: 3
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 3
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 760
: 700
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 12
Depreciation: 30
: 53
Tax %: 28.87%
Net Profit: 38
: 0
Equity Capital: 3
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 3
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 854
: 726
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 11
Depreciation: 36
: 83
Tax %: -42.33%
Net Profit: 100
: 6
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 886
: 706
Operating Profit: —
OPM %: —
Other Income: 26
Interest: 13
Depreciation: 37
: 150
Tax %: 18.16%
Net Profit: 116
: 7
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 912
: 818
Operating Profit: —
OPM %: —
Other Income: 20
Interest: 9
Depreciation: 40
: 97
Tax %: 25.77%
Net Profit: 72
: 0
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

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
	233	275	401	604	768	873	1,295	1,985	2,196	2,765	3,414
	225	293	417	630	782	774	1,379	2,102	2,123	2,416	2,950
Operating Profit	16	0	2	5	8	118	-65	-58	119	401	—
OPM %	7	0	0	1	1	14	-5	-3	5	14	—
Other Income	7	18	18	30	22	19	19	58	46	51	62
Interest	1	1	1	5	20	16	14	45	44	58	45
Depreciation	9	9	10	11	47	52	69	78	83	102	142
	6	-9	-10	-11	-60	51	-148	313	-30	238	384
Tax %	-32	39	-241	-178	-29	29	-1	38	-79	7	8
Net Profit	8	-5	-33	-30	-77	36	-148	194	-55	221	352
EPS	5	-2	-14	-13	-32	15	-53	12	-18	86	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	1	1	2	9	7	2	-2
Share of Associates	0	0	0	0	0	0	0	0	0	0	-72
Adjusted EPS	1	-0	-3	-3	-6	3	-11	16	-4	17	—
Minority Interest	0	0	0	0	1	1	2	9	7	2	-2
Share of Associates	0	0	0	0	0	0	0	0	0	0	-72
Adjusted EPS	1	-0	-3	-3	-6	3	-11	16	-4	17	—

Mar 2016

: 233
: 225
Operating Profit: 16
OPM %: 7
Other Income: 7
Interest: 1
Depreciation: 9
: 6
Tax %: -32
Net Profit: 8
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2017

: 275
: 293
Operating Profit: 0
OPM %: 0
Other Income: 18
Interest: 1
Depreciation: 9
: -9
Tax %: 39
Net Profit: -5
EPS: -2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2018

: 401
: 417
Operating Profit: 2
OPM %: 0
Other Income: 18
Interest: 1
Depreciation: 10
: -10
Tax %: -241
Net Profit: -33
EPS: -14
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3

Mar 2019

: 604
: 630
Operating Profit: 5
OPM %: 1
Other Income: 30
Interest: 5
Depreciation: 11
: -11
Tax %: -178
Net Profit: -30
EPS: -13
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3

Mar 2020

: 768
: 782
Operating Profit: 8
OPM %: 1
Other Income: 22
Interest: 20
Depreciation: 47
: -60
Tax %: -29
Net Profit: -77
EPS: -32
Dividend Payout %: 0
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: -6
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: -6

Mar 2021

: 873
: 774
Operating Profit: 118
OPM %: 14
Other Income: 19
Interest: 16
Depreciation: 52
: 51
Tax %: 29
Net Profit: 36
EPS: 15
Dividend Payout %: 0
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: 3

Mar 2022

: 1,295
: 1,379
Operating Profit: -65
OPM %: -5
Other Income: 19
Interest: 14
Depreciation: 69
: -148
Tax %: -1
Net Profit: -148
EPS: -53
Dividend Payout %: 0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: -11
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: -11

Mar 2023

: 1,985
: 2,102
Operating Profit: -58
OPM %: -3
Other Income: 58
Interest: 45
Depreciation: 78
: 313
Tax %: 38
Net Profit: 194
EPS: 12
Dividend Payout %: 0
Minority Interest: 9
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 9
Share of Associates: 0
Adjusted EPS: 16

Mar 2024

: 2,196
: 2,123
Operating Profit: 119
OPM %: 5
Other Income: 46
Interest: 44
Depreciation: 83
: -30
Tax %: -79
Net Profit: -55
EPS: -18
Dividend Payout %: 0
Minority Interest: 7
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 7
Share of Associates: 0
Adjusted EPS: -4

Mar 2025

: 2,765
: 2,416
Operating Profit: 401
OPM %: 14
Other Income: 51
Interest: 58
Depreciation: 102
: 238
Tax %: 7
Net Profit: 221
EPS: 86
Dividend Payout %: 0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 17
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 17

TTM

: 3,414
: 2,950
Operating Profit: —
OPM %: —
Other Income: 62
Interest: 45
Depreciation: 142
: 384
Tax %: 8
Net Profit: 352
EPS: —
Dividend Payout %: —
Minority Interest: -2
Share of Associates: -72
Adjusted EPS: —
Minority Interest: -2
Share of Associates: -72
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 31%
5 Years:: 29%
3 Years:: 29%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: -2%
5 Years:: 4%
3 Years:: 10%
Last Year:: 17%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
	2	2	2	2	2	2	3	3	3	3
	128	416	384	358	227	265	1,051	1,138	1,112	1,412
	0	0	0	0	20	0	2	4	0	0
Trade Payables	5	4	10	12	29	26	63	57	51	62
	7	33	93	466	636	673	689	1,008	1,178	1,325
Total Liabilities	142	455	489	838	914	967	1,808	2,209	2,344	2,802
ASSETS	-	-	-	-	-	-	-	-	-	-
	15	14	69	127	202	172	552	558	626	687
	16	296	219	88	23	96	404	740	879	994
	0	0	0	0	0	0	0	0	533	585
Cash & Bank	21	18	32	353	362	373	225	220	88	288
	90	128	170	269	326	326	628	690	217	248
Total Assets	142	455	489	838	914	967	1,808	2,209	2,344	2,802
Total Debt	0	0	1	309	346	293	301	326	250	266
Net Working Capital	66	345	277	464	437	554	788	742	761	1,050
Contingent Liabilities	4	8	5	5	8	8	10	10	8	14
Book Value per Share	86.25	177.24	163.53	151.78	96.14	111.66	411.34	438.69	428.85	543.92
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Total Debt	0	0	1	309	346	293	301	326	250	266
Net Working Capital	66	345	277	464	437	554	788	742	761	1,050
Contingent Liabilities	4	8	5	5	8	8	10	10	8	14
Book Value per Share	86.25	177.24	163.53	151.78	96.14	111.66	411.34	438.69	428.85	543.92
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00

Mar 2016

: 2
: 128
: 0
Trade Payables: 5
: 7
Total Liabilities: 142
: 15
: 16
: 0
Cash & Bank: 21
: 90
Total Assets: 142
Total Debt: 0
Net Working Capital: 66
Contingent Liabilities: 4
Book Value per Share: 86.25
Face Value: 1.00
Total Debt: 0
Net Working Capital: 66
Contingent Liabilities: 4
Book Value per Share: 86.25
Face Value: 1.00

Mar 2017

: 2
: 416
: 0
Trade Payables: 4
: 33
Total Liabilities: 455
: 14
: 296
: 0
Cash & Bank: 18
: 128
Total Assets: 455
Total Debt: 0
Net Working Capital: 345
Contingent Liabilities: 8
Book Value per Share: 177.24
Face Value: 1.00
Total Debt: 0
Net Working Capital: 345
Contingent Liabilities: 8
Book Value per Share: 177.24
Face Value: 1.00

Mar 2018

: 2
: 384
: 0
Trade Payables: 10
: 93
Total Liabilities: 489
: 69
: 219
: 0
Cash & Bank: 32
: 170
Total Assets: 489
Total Debt: 1
Net Working Capital: 277
Contingent Liabilities: 5
Book Value per Share: 163.53
Face Value: 1.00
Total Debt: 1
Net Working Capital: 277
Contingent Liabilities: 5
Book Value per Share: 163.53
Face Value: 1.00

Mar 2019

: 2
: 358
: 0
Trade Payables: 12
: 466
Total Liabilities: 838
: 127
: 88
: 0
Cash & Bank: 353
: 269
Total Assets: 838
Total Debt: 309
Net Working Capital: 464
Contingent Liabilities: 5
Book Value per Share: 151.78
Face Value: 1.00
Total Debt: 309
Net Working Capital: 464
Contingent Liabilities: 5
Book Value per Share: 151.78
Face Value: 1.00

Mar 2020

: 2
: 227
: 20
Trade Payables: 29
: 636
Total Liabilities: 914
: 202
: 23
: 0
Cash & Bank: 362
: 326
Total Assets: 914
Total Debt: 346
Net Working Capital: 437
Contingent Liabilities: 8
Book Value per Share: 96.14
Face Value: 1.00
Total Debt: 346
Net Working Capital: 437
Contingent Liabilities: 8
Book Value per Share: 96.14
Face Value: 1.00

Mar 2021

: 2
: 265
: 0
Trade Payables: 26
: 673
Total Liabilities: 967
: 172
: 96
: 0
Cash & Bank: 373
: 326
Total Assets: 967
Total Debt: 293
Net Working Capital: 554
Contingent Liabilities: 8
Book Value per Share: 111.66
Face Value: 1.00
Total Debt: 293
Net Working Capital: 554
Contingent Liabilities: 8
Book Value per Share: 111.66
Face Value: 1.00

Mar 2022

: 3
: 1,051
: 2
Trade Payables: 63
: 689
Total Liabilities: 1,808
: 552
: 404
: 0
Cash & Bank: 225
: 628
Total Assets: 1,808
Total Debt: 301
Net Working Capital: 788
Contingent Liabilities: 10
Book Value per Share: 411.34
Face Value: 1.00
Total Debt: 301
Net Working Capital: 788
Contingent Liabilities: 10
Book Value per Share: 411.34
Face Value: 1.00

Mar 2023

: 3
: 1,138
: 4
Trade Payables: 57
: 1,008
Total Liabilities: 2,209
: 558
: 740
: 0
Cash & Bank: 220
: 690
Total Assets: 2,209
Total Debt: 326
Net Working Capital: 742
Contingent Liabilities: 10
Book Value per Share: 438.69
Face Value: 1.00
Total Debt: 326
Net Working Capital: 742
Contingent Liabilities: 10
Book Value per Share: 438.69
Face Value: 1.00

Mar 2024

: 3
: 1,112
: 0
Trade Payables: 51
: 1,178
Total Liabilities: 2,344
: 626
: 879
: 533
Cash & Bank: 88
: 217
Total Assets: 2,344
Total Debt: 250
Net Working Capital: 761
Contingent Liabilities: 8
Book Value per Share: 428.85
Face Value: 1.00
Total Debt: 250
Net Working Capital: 761
Contingent Liabilities: 8
Book Value per Share: 428.85
Face Value: 1.00

Mar 2025

: 3
: 1,412
: 0
Trade Payables: 62
: 1,325
Total Liabilities: 2,802
: 687
: 994
: 585
Cash & Bank: 288
: 248
Total Assets: 2,802
Total Debt: 266
Net Working Capital: 1,050
Contingent Liabilities: 14
Book Value per Share: 543.92
Face Value: 1.00
Total Debt: 266
Net Working Capital: 1,050
Contingent Liabilities: 14
Book Value per Share: 543.92
Face Value: 1.00

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
	3	-15	6	-27	-40	81	-117	-31	160	397
Cash from Investing	-6	-288	6	41	6	-53	-799	125	-150	-181
Cash from Financing	0	301	2	307	42	-17	724	-57	-145	-22
	-3	-2	14	321	8	11	-192	37	-136	194
Free Cash Flow	-3	-15	-58	-94	-190	61	-566	-98	88	278
OCF / Net Profit	0.33	2.84	-0.19	0.91	0.53	2.26	0.79	-0.16	-2.92	1.80
Cumulative 5-Year FCF	0	0	0	0	-361	-296	-848	-887	-704	-237
OCF / Net Profit	0.33	2.84	-0.19	0.91	0.53	2.26	0.79	-0.16	-2.92	1.80
Cumulative 5-Year FCF	0	0	0	0	-361	-296	-848	-887	-704	-237

Mar 2016

: 3
Cash from Investing: -6
Cash from Financing: 0
: -3
Free Cash Flow: -3
OCF / Net Profit: 0.33
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.33
Cumulative 5-Year FCF: 0

Mar 2017

: -15
Cash from Investing: -288
Cash from Financing: 301
: -2
Free Cash Flow: -15
OCF / Net Profit: 2.84
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.84
Cumulative 5-Year FCF: 0

Mar 2018

: 6
Cash from Investing: 6
Cash from Financing: 2
: 14
Free Cash Flow: -58
OCF / Net Profit: -0.19
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.19
Cumulative 5-Year FCF: 0

Mar 2019

: -27
Cash from Investing: 41
Cash from Financing: 307
: 321
Free Cash Flow: -94
OCF / Net Profit: 0.91
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.91
Cumulative 5-Year FCF: 0

Mar 2020

: -40
Cash from Investing: 6
Cash from Financing: 42
: 8
Free Cash Flow: -190
OCF / Net Profit: 0.53
Cumulative 5-Year FCF: -361
OCF / Net Profit: 0.53
Cumulative 5-Year FCF: -361

Mar 2021

: 81
Cash from Investing: -53
Cash from Financing: -17
: 11
Free Cash Flow: 61
OCF / Net Profit: 2.26
Cumulative 5-Year FCF: -296
OCF / Net Profit: 2.26
Cumulative 5-Year FCF: -296

Mar 2022

: -117
Cash from Investing: -799
Cash from Financing: 724
: -192
Free Cash Flow: -566
OCF / Net Profit: 0.79
Cumulative 5-Year FCF: -848
OCF / Net Profit: 0.79
Cumulative 5-Year FCF: -848

Mar 2023

: -31
Cash from Investing: 125
Cash from Financing: -57
: 37
Free Cash Flow: -98
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: -887
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: -887

Mar 2024

: 160
Cash from Investing: -150
Cash from Financing: -145
: -136
Free Cash Flow: 88
OCF / Net Profit: -2.92
Cumulative 5-Year FCF: -704
OCF / Net Profit: -2.92
Cumulative 5-Year FCF: -704

Mar 2025

: 397
Cash from Investing: -181
Cash from Financing: -22
: 194
Free Cash Flow: 278
OCF / Net Profit: 1.80
Cumulative 5-Year FCF: -237
OCF / Net Profit: 1.80
Cumulative 5-Year FCF: -237

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 (₹)	5.34	-2.30	-13.88	-12.55	-31.82	15.43	-57.26	78.08	-18.27	85.77
Book Value (₹)	86.25	177.24	163.53	151.78	96.14	111.66	411.34	438.69	428.85	543.92
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 (₹)	2.27	0.26	-1.92	-1.61	-2.51	7.32	-6.20	20.92	2.19	24.79
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	6.81%	0.07%	0.46%	0.83%	1.02%	13.57%	-5.00%	-2.93%	3.34%	12.65%
Net Margin %	3.44%	-1.97%	-8.17%	-4.93%	-10.02%	4.11%	-11.46%	9.79%	-2.49%	7.98%
ROE %	6.40%	-1.98%	-8.15%	-7.98%	-26.13%	14.47%	-22.47%	17.72%	-4.85%	17.44%
ROCE %	5.33%	-2.91%	-1.90%	-1.00%	-5.88%	10.91%	-13.31%	23.35%	0.84%	16.09%
	5.78%	-1.82%	-6.94%	-4.49%	-8.79%	3.82%	-10.70%	9.68%	-2.40%	8.57%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	57	58	52	56	65	75	85	82	86	74
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	57	58	52	56	65	75	85	82	86	74
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.86x	1.51x	1.10x	0.29x	0.29x	0.22x	0.19x
Interest Coverage (x)	9.37x	-15.20x	-5.91x	-1.13x	-1.94x	4.22x	-9.61x	7.92x	0.31x	5.12x
	2.60x	7.21x	3.88x	4.03x	2.99x	3.77x	2.96x	2.80x	2.59x	2.83x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	26.25%	17.94%	45.85%	50.69%	27.11%	13.64%	48.36%	53.28%	10.62%	25.91%
Operating Profit Growth %	346.38%	-98.80%	863.16%	172.68%	56.31%	1419.23%	-154.68%	10.34%	304.82%	236.72%
Net Profit Growth %	271.24%	-167.49%	-504.80%	9.09%	-158.39%	146.62%	-513.37%	231.00%	-128.14%	503.29%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-123.40%	569.47%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
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	1.39x	-0.05x

Mar 2016

EPS (₹): 5.34
Book Value (₹): 86.25
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.27
Operating Margin %: 6.81%
Net Margin %: 3.44%
ROE %: 6.40%
ROCE %: 5.33%
: 5.78%
Debtor Days: 57
Inventory Days: 0
Payable Days: 0
: 57
Debt to Equity (x): 0.00x
Interest Coverage (x): 9.37x
: 2.60x
Revenue Growth %: 26.25%
Operating Profit Growth %: 346.38%
Net Profit Growth %: 271.24%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): -2.30
Book Value (₹): 177.24
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.26
Operating Margin %: 0.07%
Net Margin %: -1.97%
ROE %: -1.98%
ROCE %: -2.91%
: -1.82%
Debtor Days: 58
Inventory Days: 0
Payable Days: 0
: 58
Debt to Equity (x): 0.00x
Interest Coverage (x): -15.20x
: 7.21x
Revenue Growth %: 17.94%
Operating Profit Growth %: -98.80%
Net Profit Growth %: -167.49%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -13.88
Book Value (₹): 163.53
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.92
Operating Margin %: 0.46%
Net Margin %: -8.17%
ROE %: -8.15%
ROCE %: -1.90%
: -6.94%
Debtor Days: 52
Inventory Days: 0
Payable Days: 0
: 52
Debt to Equity (x): 0.00x
Interest Coverage (x): -5.91x
: 3.88x
Revenue Growth %: 45.85%
Operating Profit Growth %: 863.16%
Net Profit Growth %: -504.80%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -12.55
Book Value (₹): 151.78
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.61
Operating Margin %: 0.83%
Net Margin %: -4.93%
ROE %: -7.98%
ROCE %: -1.00%
: -4.49%
Debtor Days: 56
Inventory Days: 0
Payable Days: 0
: 56
Debt to Equity (x): 0.86x
Interest Coverage (x): -1.13x
: 4.03x
Revenue Growth %: 50.69%
Operating Profit Growth %: 172.68%
Net Profit Growth %: 9.09%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -31.82
Book Value (₹): 96.14
Dividend per Share (₹): 0.00
Cash EPS (₹): -2.51
Operating Margin %: 1.02%
Net Margin %: -10.02%
ROE %: -26.13%
ROCE %: -5.88%
: -8.79%
Debtor Days: 65
Inventory Days: 0
Payable Days: 0
: 65
Debt to Equity (x): 1.51x
Interest Coverage (x): -1.94x
: 2.99x
Revenue Growth %: 27.11%
Operating Profit Growth %: 56.31%
Net Profit Growth %: -158.39%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 15.43
Book Value (₹): 111.66
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.32
Operating Margin %: 13.57%
Net Margin %: 4.11%
ROE %: 14.47%
ROCE %: 10.91%
: 3.82%
Debtor Days: 75
Inventory Days: 0
Payable Days: 0
: 75
Debt to Equity (x): 1.10x
Interest Coverage (x): 4.22x
: 3.77x
Revenue Growth %: 13.64%
Operating Profit Growth %: 1419.23%
Net Profit Growth %: 146.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -57.26
Book Value (₹): 411.34
Dividend per Share (₹): 0.00
Cash EPS (₹): -6.20
Operating Margin %: -5.00%
Net Margin %: -11.46%
ROE %: -22.47%
ROCE %: -13.31%
: -10.70%
Debtor Days: 85
Inventory Days: 0
Payable Days: 0
: 85
Debt to Equity (x): 0.29x
Interest Coverage (x): -9.61x
: 2.96x
Revenue Growth %: 48.36%
Operating Profit Growth %: -154.68%
Net Profit Growth %: -513.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 78.08
Book Value (₹): 438.69
Dividend per Share (₹): 0.00
Cash EPS (₹): 20.92
Operating Margin %: -2.93%
Net Margin %: 9.79%
ROE %: 17.72%
ROCE %: 23.35%
: 9.68%
Debtor Days: 82
Inventory Days: 0
Payable Days: 0
: 82
Debt to Equity (x): 0.29x
Interest Coverage (x): 7.92x
: 2.80x
Revenue Growth %: 53.28%
Operating Profit Growth %: 10.34%
Net Profit Growth %: 231.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -18.27
Book Value (₹): 428.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.19
Operating Margin %: 3.34%
Net Margin %: -2.49%
ROE %: -4.85%
ROCE %: 0.84%
: -2.40%
Debtor Days: 86
Inventory Days: 0
Payable Days: 0
: 86
Debt to Equity (x): 0.22x
Interest Coverage (x): 0.31x
: 2.59x
Revenue Growth %: 10.62%
Operating Profit Growth %: 304.82%
Net Profit Growth %: -128.14%
: -123.40%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.39x

Mar 2025

EPS (₹): 85.77
Book Value (₹): 543.92
Dividend per Share (₹): 0.00
Cash EPS (₹): 24.79
Operating Margin %: 12.65%
Net Margin %: 7.98%
ROE %: 17.44%
ROCE %: 16.09%
: 8.57%
Debtor Days: 74
Inventory Days: 0
Payable Days: 0
: 74
Debt to Equity (x): 0.19x
Interest Coverage (x): 5.12x
: 2.83x
Revenue Growth %: 25.91%
Operating Profit Growth %: 236.72%
Net Profit Growth %: 503.29%
: 569.47%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: -0.05x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Feb 2026	Mar 2026	Jun 2026
	0.00	0.00	0.00	0.00	0.00	0.00	16.97	16.97	16.97
	0.00	0.00	0.00	0.00	0.00	0.00	40.62	40.48	40.87
	0.00	0.00	0.00	0.00	0.00	0.00	12.48	13.25	12.26
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	100.00	100.00	100.00	100.00	100.00	100.00	29.94	29.30	29.90

Sep 2019

: 0.00
: 0.00
: 0.00
Government: 0.00
: 100.00

Mar 2020

: 0.00
: 0.00
: 0.00
Government: 0.00
: 100.00

Mar 2021

: 0.00
: 0.00
: 0.00
Government: 0.00
: 100.00

Mar 2022

: 0.00
: 0.00
: 0.00
Government: 0.00
: 100.00

Mar 2023

: 0.00
: 0.00
: 0.00
Government: 0.00
: 100.00

Mar 2024

: 0.00
: 0.00
: 0.00
Government: 0.00
: 100.00

Feb 2026

: 16.97
: 40.62
: 12.48
Government: 0.00
: 29.94

Mar 2026

: 16.97
: 40.48
: 13.25
Government: 0.00
: 29.30

Jun 2026

: 16.97
: 40.87
: 12.26
Government: 0.00
: 29.90

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-29 - Schedule of Analysts or Institutional Investors meet
Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-27 - Transcript of Earnings Conference Call pertaining to the Unaudited Consolidated and StandaloneFinancial Results for the quarter ended June 30, 2026

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Mar 2026
Transcript PPTREC