Provides IT services and digital infrastructure solutions to enterprise and government clients, spanning cloud, cybersecurity, managed services, and project-based implementations such as smart city command & control centres and workplace rollouts. Revenue is split between a Solutions business (project-led) and a Services business (recurring managed services and AI-powered support). In FY26, Solutions contributed 53.1% of segment revenue at Rs 213.78 crore and Services contributed 43.2% at Rs 174.04 crore, with Services running at much higher segment EBIT (Rs 60.84 crore) than Solutions (Rs 23.44 crore). FY26 consolidated revenue stood at Rs 967.91 crore, up 20% YoY, with Q4 crossing the Rs 1,000 crore annualized run rate; enterprise revenues grew 31% YoY while government revenues declined 6% YoY. The company is pursuing an AI-first approach, using agentic AI architecture to drive a 20-25% reduction in Level 1 support headcount at client engagements. The largest input cost is employee expense at 20.4% of revenue, followed by other operating expenses at 13.2% and depreciation at 2.1%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Solutions (53%), Services (43%), Unallocated (4%). Asset-light IT services mix of recurring managed services and project-based solutions, with an AI-led delivery push.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 485 | 660 | 687 | 807 | 968 |
| EBITDA (ex other income) | 94 | 88 | 83 | 54 | 55 |
| margin % | 19.4 | 13.4 | 12.1 | 6.7 | 5.7 |
| Owners' profit | 52 | 0 | 39 | 27 | 29 |
| EPS, as reported (₹) | 11.66 | 1.26 | 8.29 | 4.98 | 6.30 |
| ROE % · ROCE % | 11.0 · 12.9 | 1.2 · 13.1 | 7.4 · 10.4 | 5.0 · 9.7 | 5.3 · 7.4 |
| Debt / equity (x) | 0.08 | 0.06 | 0.10 | 0.11 | 0.17 |
| Cash from operations | 15 | 47 | 68 | 92 | (79) |
| Capex | (7) | (13) | (3) | (4) | (10) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 203 | 221 | 204 | 219 | 234 | 247 | 268 | 260 |
| Profit before tax | 16 | 20 | 11 | 14 | 21 | 21 | (13) | 17 |
| Net profit | 12 | 18 | (8) | 14 | 15 | 14 | (3) | 12 |
| EPS (₹) | 1.83 | 2.97 | (1.42) | 2.34 | 2.58 | 2.20 | (0.60) | 2.19 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Services | 746 | 75.4 |
| Solutions | 222 | 22.5 |
| Unallocated | 20 | 2.1 |
| Total, before eliminations | 988 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| TATA TECHNOLOGIES LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Allied Digital grants 2 lakh stock options to employees under ESOP 2020 | capital market events | low | — | — |
| 7 Sept 2026 · AVP-Projects Raghuvir Kamat resigns from Allied Digital | management changes | medium | — | — |
| 1 Sept 2026 · 32nd AGM: All 8 resolutions passed; dividend declared, RPT sees 26% dissent | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · 32nd AGM of Allied Digital held; dividend of Rs. 5 per share approved | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · Notice of Loss of Share Certificate(s) | compliance | minimal | — | — |
| 24 Aug 2026 · Record date Aug 28, 2026 for FY26 final dividend; AGM on Sept 1 | corporate actions | medium | — | — |
| 13 Aug 2026 · Q1 FY27 earnings call: revenue Rs 260 cr, up 19% YoY, TTM revenue crosses Rs 1,000 cr | investor communications | medium | — | — |
| 13 Aug 2026 · Allied Digital Q1 FY27: 19% revenue growth, Rs 1,000 cr TTM milestone reached | investor communications | medium | — | — |
| 11 Aug 2026 · Newspaper ad about 32nd AGM notice, e-voting and book closure | compliance | minimal | — | — |
| 10 Aug 2026 · Special window for re-lodging physical share transfer requests | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 31,087 |
| 55.8 |
| 7.92 |
| 33.8 |
| 13.9 |
| 14.3 |
| — |
| 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| AFFLE 3I LIMITED | 22,105 | 46.2 | 6.05 | 30.4 | 12.5 | 15.2 | 39.3 | 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.8 | 18.9 | 31 of 78 | 61% |
| P/B | 0.8 | 2.2 | 14 of 70 | 81% |
| ROCE | 5.8 | 9.7 | 58 of 87 | 34% |
| ROE | 5.3 | 9.4 | 46 of 72 | 37% |
| Debt / Equity | 0.2 | 0.0 | 51 of 72 | 30% |
| EBITDA margin | 9.7 | 13.0 | 48 of 69 | 31% |
| Revenue growth | 18.9 | 20.8 | 39 of 67 | 42% |
| Profit growth | (14.2) | 14.6 | 47 of 64 | 27% |
| Market cap | 570 | 309 | 38 of 87 | 57% |
| 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 |
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.
