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Atishay Limited

Information Technology › IT - Software
₹134.35
at close · 28 Oct 2026
▼ 6.55 (-4.65%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Atishay Board to approve September quarter and half-year results · Results
  2. Routine SEBI Regulation 74(5) certificate filing for September 2026 quarter · Compliance
  3. Atishay Limited has received Letter of Intent for the work of 'End to End Scanning, Digitization, Indexing and records management services for Punjab Urban Planning & development Authority .... · Business Updates
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Builds and operates digital governance and IT systems for Indian state governments, public-sector banks, and election commissions. The bulk of revenue comes from E-Governance projects — ICT labs in Bihar, computerisation of Primary Agricultural Credit Societies (PACS), e-Mitra kiosks in Rajasthan, Aadhaar-seeded Ayushman Bharat PVC cards, and voter-ID printing for state election commissions. A smaller Retail & Other Services line supplies and maintains Micro ATM devices to cooperative banks for PACS deployment and handles IT infrastructure work such as Wi-Fi installation and networking for BSNL. Each engagement is project-based, with revenue recognised on milestone completion plus annual maintenance contracts. The pipeline is built through government and PSU tenders — 20 new work orders were secured in FY26 with 46 tenders under evaluation. The company has recently entered AI-powered diagnostic platforms through a software development contract with a Myanmar counterparty.

Operating scale
States of operation
11 statesFY26
Projects completed
112+ projectsFY26
New work orders secured
20 new work ordersFY26
Tenders under evaluation
46 tenders under evaluationFY26
Tender technical qualification rate
83%FY26
Tender participation growth
300% year-on-yearFY26
Who pays it
Indian state governments, cooperative banks, public sector undertakings such as BSNL, and state election commissions
Biggest cost
Materials at 58.4% of revenue — hardware procurement for Micro ATMs, PVC cards, networking equipment and similar project supplies
Kind of business
Project-based, tender-driven IT services for government and PSU clients
Where it sits
Operates across 11 Indian states serving 40+ government and PSU clients
Market Cap
₹148 Cr
P / E (TTM)
20.7×
EV / EBITDA
12.2×
Div Yield
0.74%
Growth
16.2%▲
Revenue 5y CAGR
PAT +23.6% · EBITDA +16.3%
Quality
17.6%▲
ROCE (5y median)
ROE 13.0% (5y median) · margin 21.7%
Leverage
0.10·
Debt / Equity · low
Net cash ₹1.33 Cr
Revenue FY21→FY26
2.1×▲
Margin +3.4 pts
₹26 Cr → ₹56 Cr
Cash conversion
0.39×▼
Operating cash ÷ profit · 5 yrs
₹8 Cr on ₹20 Cr
Moves on a normal day
1.71%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 43 Software Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#18/32
P/B#27/38
ROCE#6/40
ROE#6/38
Debt / Equity#27/38
EBITDA margin#13/35
Revenue growth#29/33
Profit growth#23/41

Scorecard

Measured from the filed financials, judged against its Software Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 16% a year over 5 years
Profit compounding 24% a year over 5 years
Returns on capital 17.6% (5-year median)
#6 of 40 in Software Products on the latest reported figures · up from 10.8% in FY21
Concerns
Over 5 years it reported ₹20 Cr of profit and ₹8.07 Cr of operating cash — 0.39×
Less than 60p of every ₹1 of profit arrived as cash
Customers are taking longer to pay — 71 → 93 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Atishay Limited's filed financials and exchange disclosures

What does Atishay Limited do?

Atishay Limited is a IT - Software company listed on BSE.

Is Atishay Limited profitable?

Yes. Over the trailing twelve months Atishay Limited reported a net profit of ₹7.14 Cr on revenue of ₹56 Cr.

Does Atishay Limited pay a dividend?

Yes. The dividend yield is 0.74% at the current price. It paid out 15% of its profit as dividend in FY26.

Is Atishay Limited debt-free?

On a net basis, yes. It reported borrowings of ₹5.32 Cr on its 31 Mar 2026 balance sheet, but holds ₹1.33 Cr more cash than debt.

Is Atishay Limited expensive compared with its peers?

On trailing P/E, Atishay Limited ranks 18 of 32 in Software Products — cheaper than 45% of them, against an industry median of 18.1×. This is a position, not a valuation judgement.

How much does the Atishay Limited share price move in a day?

On a typical session Atishay Limited moves 1.71% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are Atishay Limited's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track Atishay Limited's announcements?

Every NSE and BSE filing by Atishay Limited appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.