NSE: 3IINFOLTD · BSE: 532628
3I INFOTECH LIMITED
Provides IT services and software solutions across applications, cloud, infrastructure, and digital business process services. For FY26, the AAA segment was 71.1% of segment revenue (Rs 493.22 crore), IS 19.4% (Rs 134.73 crore), and BPS 9.2% (Rs 63.95 crore), with consolidated revenue of Rs 693.36 crore. Recent order wins include an Indian private sector bank (Rs 13.11 crore for one year), ONGC Petro additions (Rs 4.83 crore over three years), a domestic two-wheeler manufacturer for DMS helpdesk across about 2,000 pan-India locations (Rs 6.32 crore), and UAE-based consulting in AI, ML, RPA, and robotics (about Rs 45.85 crore). Q1FY27 consolidated revenue was Rs 177.9 crore, with TCV order bookings of Rs 240.9 crore and 25 or more new client additions. Employee costs dominate the cost structure at 69.6% of FY26 revenue, while capex is just 0.2%, reflecting a people-intensive, asset-light model. The company has over 3,600 employees and 300-plus clients globally, and the auditor's qualified conclusion on Q1FY27 results flagged going-concern issues at multiple subsidiaries while noting legacy unpaid IPR dues of Rs 1,066 crore from 2012; standalone net worth is reported around Rs minus 65 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. AAA (71%), IS (19%), BPS (9%), Others (0%). Asset-light, people-intensive IT services and software solutions provider.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 677 | 729 | 814 | 726 | 693 |
| EBITDA (ex other income) | (46) | 28 | (250) | 31 | (21) |
| margin % | (6.8) | 3.8 | (30.7) | 4.3 | (3.1) |
| Owners' profit | (57) | 1 | (298) | 25 | 35 |
| EPS, as reported (₹) | (3.44) | 0.08 | (17.69) | 1.50 | 1.83 |
| ROE % · ROCE % | (8.2) · (5.6) | 0.2 · 1.9 | (101.6) · (79.3) | 8.3 · 5.5 | 9.3 · 11.8 |
| Debt / equity (x) | 0.08 | 0.06 | 0.14 | 0.13 | 0.13 |
| Cash from operations | (50) | 80 | 51 | 44 | (44) |
| Capex | (3) | (75) | (1) | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 178 | 181 | 187 | 171 | 175 | 172 | 176 | 178 |
| Profit before tax | (1) | 42 | 6 | 12 | 25 | 2 | 6 | 6 |
| Net profit | (4) | 41 | 27 | 8 | 18 | 2 | 7 | 7 |
| EPS (₹) | (0.25) | 2.40 | 1.59 | 0.45 | 1.03 | 0.10 | 0.34 | 0.31 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| AAA | 493 | 71.1 |
| IS | 134 | 19.4 |
| BPS | 64 | 9.2 |
| OTHERS | 2 | 0.3 |
| Total, before eliminations | 693 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 8,87,298 | 17.8 | 8.18 | 12.2 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,55,550 | 15.2 | 4.88 | 9.6 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,78,281 | 21.6 | 5.03 | 13.6 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,82,720 | 14.6 | 2.07 | 8.7 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,74,293 | 30.7 | 5.79 | 19.5 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,21,357 | 23.2 | 5.03 | 14.7 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 91,811 | 47.3 | 11.71 | 31.4 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 86,606 | 39.8 | 8.95 | 30.9 | 18.0 | 17.2 | 28.6 | 18.6 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.2 | 15.0 | 17 of 65 | 75% |
| P/B | 1.1 | 2.6 | 13 of 65 | 81% |
| ROCE | 10.8 | 14.2 | 49 of 76 | 36% |
| ROE | 9.3 | 11.5 | 42 of 64 | 35% |
| Debt / Equity | 0.1 | 0.0 | 41 of 65 | 38% |
| EBITDA margin | 6.4 | 18.4 | 49 of 65 | 25% |
| Revenue growth | 4.3 | 10.6 | 42 of 63 | 34% |
| Profit growth | (13.6) | 6.7 | 45 of 62 | 28% |
| Market cap | 413 | 419 | 39 of 76 | 49% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Tax appeals for four assessment years withdrawn and dismissed | compliance | minimal | — | — |
| 26 Oct 2026 · Q2 and H1 FY27 earnings call scheduled for November 2, 2026 | board shareholder meetings | low | — | — |
| 23 Oct 2026 · 3i Infotech gets Rs. 5.33 crore three-year IT services order | business updates | high | — | — |
| 22 Oct 2026 · 3i Infotech subsidiary receives USD 132,000 UAE order | business updates | medium | — | — |
| 14 Oct 2026 · Board meeting on Oct 29 to consider Q2 FY27 results | results | low | — | — |
| 13 Oct 2026 · Grant of 8,75,000 stock options to employees under ESOP 2023 | general | low | — | — |
| 9 Oct 2026 · Capital NxT LLP crosses 5 percent stake in 3i Infotech via open market | ownership changes | medium | — | — |
| 6 Oct 2026 · Filing of SEBI Regulation 74(5) certificate for quarter ended September 30, 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 23 Sept 2026 · Capital NxT LLP crosses 11 percent stake in 3i Infotech via open market | ownership changes | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.