NSE: ACSTECH · BSE: 530745
A C S TECHNOLOGIES LTD.
Delivers technology services and integrated solutions spanning artificial intelligence, Internet of Things, geospatial information systems, drones and quantum research to government, defence and enterprise clients in India. The Hyderabad-headquartered firm secured CMMI Maturity Level 3 appraisal in June 2026 for its software development and services processes and signed a non-binding MoU with XDLINX Space Labs to jointly explore satellite-based ISR systems, AI-driven satellite analytics and ground control infrastructure. Operations span defence, government and enterprise accounts, with capability covering AI/ML, IoT, cybersecurity and systems integration. Materials and components are the largest cost line at 102% of revenue in FY26, indicating substantial hardware or systems-integration activity, while employee costs run at 4.3% of revenue and FY26 net profit was Rs 8.52 crore. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. IT services and technology solutions, Hardware or systems integration. IT services and technology solutions firm with high materials cost intensity
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 69 | 82 | 127 | 264 |
| EBITDA (ex other income) | 6 | 11 | 10 | 20 |
| margin % | 8.9 | 13.1 | 8.1 | 7.4 |
| Owners' profit | 3 | 4 | 5 | 8 |
| EPS, as reported (₹) | 0.52 | 0.74 | 0.80 | 1.40 |
| ROE % · ROCE % | 3.5 · 5.3 | 4.5 · 6.0 | 4.9 · 7.6 | 6.3 · 9.8 |
| Debt / equity (x) | 0.22 | 0.17 | 0.28 | 0.35 |
| Cash from operations | (52) | 3 | 14 | (36) |
| Capex | (14) | (0) | (0) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 33 | 36 | 41 | 28 | 48 | 67 | 121 |
| Profit before tax | 1 | 2 | 1 | 2 | 1 | 4 | 6 | 2 |
| Net profit | 1 | 2 | 1 | 2 | 1 | 2 | 3 | 2 |
| EPS (₹) | 0.26 | 0.25 | 0.11 | 0.31 | 0.14 | 0.39 | 0.51 | 0.37 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 44,149 | 33.4 | 6.80 | 20.4 | 19.7 | 21.1 | 15.1 | 19.6 |
| INVENTURUS KNOWLEDGE SO L | 29,130 | 37.4 | 10.40 | 26.5 | 25.8 | 27.7 | — | 33.6 |
| TATA TECHNOLOGIES LIMITED | 26,718 | 48.0 | 6.81 | 29.0 | 13.9 | 14.3 | — | 18.3 |
| NETWEB TECH INDIA LTD | 24,780 | 94.8 | 34.26 | — | 28.5 | 37.5 | — | 15.7 |
| SAGILITY LIMITED | 21,553 | 21.7 | 2.23 | 12.2 | 9.6 | 11.6 | — | 22.3 |
| AFFLE 3I LIMITED | 19,072 | 39.9 | 5.22 | 26.0 | 12.5 | 15.2 | 39.3 | 25.8 |
| BLACK BOX LIMITED | 14,377 | 61.6 | 11.17 | 28.6 | 16.9 | 9.5 | 6.2 | 8.4 |
| CYIENT LIMITED | 13,177 | 34.6 | 2.14 | 11.9 | 7.5 | 9.7 | 12.0 | 13.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.5 | 17.5 | 62 of 76 | 19% |
| P/B | 2.7 | 2.2 | 45 of 70 | 36% |
| ROCE | 7.9 | 9.6 | 49 of 86 | 44% |
| ROE | 6.3 | 9.2 | 41 of 70 | 42% |
| Debt / Equity | 0.3 | 0.0 | 64 of 70 | 9% |
| EBITDA margin | 3.9 | 13.0 | 60 of 69 | 13% |
| Revenue growth | 196.2 | 20.8 | 4 of 67 | 96% |
| Profit growth | 20.5 | 14.6 | 29 of 64 | 56% |
| Market cap | 364 | 296 | 41 of 87 | 54% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · BSE clears trading for 4.95 million preferential shares | capital market events | low | — | — |
| 19 Oct 2026 · BSE listing approval received for 49.5 lakh preferential shares | capital market events | low | — | — |
| 7 Oct 2026 · Non-promoter Adiniya Investments acquires 7.13% via loan-to-equity conversion | ownership changes | high | — | — |
| 6 Oct 2026 · Compliance filing for Q2 FY27: no physical shares received for dematerialisation | compliance | minimal | — | — |
| 1 Oct 2026 · All 7 resolutions passed at 33rd AGM of ACS Technologies | board shareholder meetings | low | — | — |
| 1 Oct 2026 · ACS Technologies allots 49.5 lakh shares on preferential basis | fund raising | high | — | — |
| 30 Sept 2026 · 33rd AGM held on Sep 30, 2026 via video conferencing; voting results awaited | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · In-principle approval for preferential issue of 49.5 lakh equity shares | fund raising | high | — | — |
| 28 Sept 2026 · Trading Window Closed for Q2 FY26 Results | compliance | minimal | — | — |
| 7 Sept 2026 · 33rd AGM on Sept 30, 2026; FY26 Annual Report weblink sent to shareholders | compliance | minimal | — | — |
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.