NSE: ACCELYA · BSE: 532268
ACCELYA SOLN INDIA LTD
Provides software solutions to the travel and airline industry, with FY26 revenue of Rs 405.14 crore and net profit of Rs 64.93 crore. Cost structure is typical of an IT services business: nil raw material cost, employee costs at 27.8% of revenue, other operating expenses at 40.7%, and depreciation at 9.5% of revenue. EBITDA margin for FY26 stood at 32.88%. Promoted by Accelya Holding World S.L.U. (a Spanish entity), and is simplifying its group structure by striking off its UK wholly-owned subsidiary Accelya Solutions UK Limited, which recorded nil turnover and income in FY26. The business follows a July-to-June financial year and recorded an exceptional charge of Rs 11.72 crore in FY26 arising from the impact of new Indian Labour Codes on past service gratuity cost. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software solutions for the travel and airline industry. Asset-light IT services and software business serving the travel and airline industry
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 265 | 347 | 383 | 397 | 405 |
| EBITDA (ex other income) | 92 | 148 | 111 | 143 | 116 |
| margin % | 34.7 | 42.6 | 29.1 | 36.1 | 28.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 34.18 | 63.39 | 41.98 | 63.69 | 43.50 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | — | — | — | — | — |
| Capex | — | — | — | — | — |
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 | 127 | 133 | 137 | 132 | 136 | 133 | 136 | 127 |
| Profit before tax | 44 | 44 | 42 | 46 | 40 | 19 | 30 | 43 |
| Net profit | 32 | 32 | 30 | 34 | 30 | 14 | 21 | 30 |
| EPS (₹) | 21.75 | 21.68 | 20.26 | 22.74 | 19.84 | 9.34 | 14.32 | 20.40 |
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. % |
|---|---|---|---|---|---|---|---|---|
| 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 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.9 | 15.0 | 32 of 65 | 52% |
| P/B | 5.7 | 2.6 | 50 of 65 | 23% |
| ROCE | 48.5 | 14.2 | 3 of 76 | 97% |
| ROE | 38.1 | 11.5 | 3 of 64 | 97% |
| Debt / Equity | 0.0 | 0.0 | 1 of 65 | 67% |
| EBITDA margin | 38.5 | 18.4 | 7 of 65 | 91% |
| Revenue growth | (3.5) | 10.6 | 49 of 63 | 23% |
| Profit growth | (10.3) | 6.7 | 42 of 62 | 33% |
| Market cap | 1417 | 419 | 29 of 76 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · EPFO orders Rs 2.73 crore provident fund dues; appeal possible | regulatory legal | high | — | — |
| 23 Oct 2026 · All seven AGM resolutions approved with required majority | compliance | minimal | — | — |
| 23 Oct 2026 · Accelya Solutions reports proceedings of its 40th annual general meeting | board shareholder meetings | low | — | — |
| 22 Oct 2026 · First-quarter revenue rises 1.1%, but profit falls 2.6% year on year | results | high | — | — |
| 13 Oct 2026 · Board meeting on 22 Oct 2026 to consider Q2 FY27 results | results | low | — | — |
| 9 Oct 2026 · Routine compliance certificate for Q2 FY27 dematerialization of securities | compliance | minimal | — | — |
| 30 Sept 2026 · Notice of 40th AGM on 23 Oct 2026 with dividend and RPT approvals | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Accelya Solutions submits 40th Annual Report for FY2025-26 | results | high | — | — |
| 22 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 FY27 results | compliance | minimal | — | — |
| 31 Jul 2026 · Newspaper publication of Q1 financial results | 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.