NSE: ALLDIGI · BSE: 532633
ALLDIGI TECH LIMITED
Delivers business process management (BPM) and technology & digital (T&D) outsourcing services from India. The BPM segment, 73.9% of FY26 segment revenue at ₹442.44 crore, runs customer-facing back-office operations for enterprise clients, including revenue cycle management for healthcare, international insurance processing, and international collections; the company says international clients now make up 78% of BPM revenue. The T&D segment, 26.1% of segment revenue at ₹156.24 crore in FY26, runs payroll and HR record processing — FY26 payroll records processed reached 191.5 lakh. International business was 67% of total FY26 revenue, up from 64%, and the order book stood at 48% international. T&D revenue grew 22.3% YoY in Q4 FY26 and 16.5% for the full year, while BPM saw strategic headcount rationalisation away from low-margin domestic work. Employee costs at 55.3% of revenue are by far the biggest cost line, consistent with a people-intensive services business. EBITDA margin reached 27.1% in FY26, and a new CEO has outlined an AI-first roadmap with HRMS V2 and PulseHR.ai set to launch in FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Business Process Management (BPM) (74%), Technology & Digital (T&D) (26%). People-intensive BPO/KPO services with a growing international mix and an overlay of payroll/HRMS technology.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 317 | 390 | 469 | 546 | 599 |
| EBITDA (ex other income) | 80 | 88 | 116 | 147 | 154 |
| margin % | 25.3 | 22.6 | 24.6 | 26.8 | 25.8 |
| Owners' profit | 36 | 49 | 64 | 83 | 82 |
| EPS, as reported (₹) | 23.39 | 32.06 | 42.00 | 54.66 | 53.96 |
| ROE % · ROCE % | 17.0 · 25.9 | 21.3 · 26.0 | 26.1 · 31.3 | 32.1 · 36.9 | 32.8 · 25.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 64 | 71 | 91 | 118 | 144 |
| Capex | (14) | (15) | (17) | (17) | (28) |
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 | 131 | 139 | 146 | 144 | 147 | 153 | 155 | 150 |
| Profit before tax | 20 | 24 | 25 | 24 | 21 | 28 | 23 | 25 |
| Net profit | 12 | 20 | 19 | 15 | 18 | 21 | 29 | 18 |
| EPS (₹) | 7.97 | 13.07 | 12.67 | 9.77 | 11.56 | 13.68 | 18.95 | 11.89 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Business Process Management (BPM) | 335 | 55.9 |
| Technology & Digital (T&D) | 120 | 20.0 |
| Business Process Management | 108 | 18.0 |
| Technology & Digital | 36 | 6.1 |
| Total, before eliminations | 599 | 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. % |
|---|---|---|---|---|---|---|---|---|
| FIRSTSOURCE SOLU. LTD. | 20,924 | 30.9 | 4.77 | 15.4 | 15.4 | 14.5 | 13.5 | 14.2 |
| ECLERX SERVICES LTD | 17,427 | 16.0 | 6.80 | 14.5 | 27.6 | 31.3 | 21.4 | 24.6 |
| RPSG VENTURES LIMITED | 2,766 | — | 0.63 | 5.8 | 0.0 | 1.6 | 15.1 | 19.0 |
| ONE POINT ONE SOL LTD | 1,926 | 42.8 | 4.17 | 22.9 | 8.3 | 7.0 | — | 24.9 |
| HINDUJA GLOBAL SOLS. LTD. | 1,570 | — | 0.19 | 3.6 | 0.1 | (0.8) | (5.1) | 11.1 |
| ALLDIGI TECH LIMITED ◆ | 1,222 | 14.3 | 4.87 | 7.0 | 32.8 | 23.4 | 16.7 | 29.5 |
| NSB BPO Solutions Limited | 52 | 3.5 | — | — | — | 6.0 | — | — |
| WE WIN LIMITED | 47 | 16.9 | 1.50 | 7.5 | 14.3 | 10.0 | — | 6.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.3 | 15.2 | 4 of 8 | 57% |
| P/B | 4.9 | 1.6 | 8 of 9 | 13% |
| ROCE | 23.4 | 7.0 | 2 of 11 | 90% |
| ROE | 32.8 | 8.3 | 1 of 9 | 100% |
| Debt / Equity | 0.0 | 0.1 | 1 of 9 | 75% |
| EBITDA margin | 29.5 | 19.0 | 2 of 9 | 88% |
| Revenue growth | 4.4 | 22.9 | 7 of 9 | 25% |
| Profit growth | 21.7 | 0.8 | 3 of 9 | 75% |
| Market cap | 1222 | 1222 | 6 of 11 | 50% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to consider share buyback and quarterly results on October 29 | corporate actions | medium | — | — |
| 22 Oct 2026 · Alldigi Tech schedules Q2 FY27 earnings call | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Board to approve Q2 and half-year results on October 29 | results | low | — | — |
| 5 Oct 2026 · RTA compliance certificate for July-Sept 2026 quarter | compliance | minimal | — | — |
| 27 Sept 2026 · Alldigi Tech to attend Bharat Connect Conference on Sep 30 | general | low | — | — |
| 25 Sept 2026 · Trading window closure from October 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 22 Sept 2026 · Alldigi Tech identifies three executives as senior management personnel | management changes | medium | — | — |
| 22 Sept 2026 · Alldigi Tech identifies three new senior management personnel | management changes | medium | — | — |
| 7 Sept 2026 · Alldigi Tech files newspaper notice on physical share demat window | compliance | minimal | — | — |
| 14 Aug 2026 · AGM transcript: FY26 revenue up 9.6%, EBITDA margin expands 333 bps | investor communications | medium | — | — |
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.