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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. E-Governance, Retail & Other Services. Project-based, tender-driven IT services for government and PSU clients
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 20 | 21 | 43 | 51 | 56 |
| EBITDA (ex other income) | 1 | 1 | 8 | 10 | 10 |
| margin % | 3.0 | 3.8 | 17.7 | 18.7 | 17.7 |
| Owners' profit | 0 | 1 | 6 | 7 | 7 |
| EPS, as reported (₹) | 0.10 | 0.59 | 5.06 | 6.38 | 6.50 |
| ROE % · ROCE % | 0.3 · 1.7 | 1.8 · 3.7 | 13.1 · 18.4 | 14.4 · 19.8 | 13.0 · 17.6 |
| Debt / equity (x) | 0.10 | 0.07 | 0.03 | 0.09 | 0.10 |
| Cash from operations | 0 | (2) | 8 | 4 | (2) |
| Capex | (1) | (0) | (1) | (2) | (4) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 13 | 15 | 13 | 12 | 18 | 15 | 10 |
| Profit before tax | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 |
| Net profit | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| EPS (₹) | 0.98 | 1.32 | 1.93 | 2.15 | 1.50 | 1.67 | 1.72 | 1.61 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| E - Governance | 30 | 53.7 |
| Retail & other services | 8 | 14.1 |
| E-Governance | 16 | 28.2 |
| Retail & Other Services | 2 | 3.9 |
| Total, before eliminations | 56 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 1,02,338 | 30.0 | 13.08 | 26.9 | 33.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Atishay bags Rs 4.23 Cr order from Ludhiana Municipal Corp for digitization | business updates | medium | — | — |
| 4 Sept 2026 · Atishay adds UPI ATM Cash Withdrawal to e-Mitra platform in Rajasthan | business updates | high | — | — |
| 7 Aug 2026 · Atishay bags Rs 32.90 lakh Micro ATM order from Barmer Co-op Bank | business updates | low | — | — |
| 5 Aug 2026 · Atishay wins order worth Rs 86.51 lakh for Ayushman Card printing in Chhattisgarh | business updates | medium | — | — |
| 3 Aug 2026 · Atishay wins Rs 1.73 cr Micro ATM order from Jaipur Central Cooperative Bank | business updates | low | — | — |
| 20 Jul 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 20 Jul 2026 · Atishay wins Rs 47.71 lakh Micro ATM supply order from Alwar Cooperative Bank | business updates | low | — | — |
| 20 Jul 2026 · Atishay bags first international AI diagnostic contract from Myanmar | business updates | medium | — | — |
| 16 Jul 2026 · Atishay gets Rs 49.35L work order from Nagaur Central Co-op Bank for Micro ATMs | business updates | low | — | — |
| 16 Jul 2026 · Atishay appoints Chunky Lalwani as Company Secretary and Compliance Officer | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 43.2 |
| 9.0 |
| 62.5 |
| TANLA PLATFORMS LIMITED | 6,684 | 12.5 | 2.69 | 7.8 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 5,056 | 36.8 | 5.59 | 21.9 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 3,656 | 86.5 | 3.57 | 27.9 | 5.1 | 4.9 | — | 4.9 |
| TECHNVISION VENTURES LTD. | 2,991 | 344.1 | 199.35 | 399.6 | 1.4 | 5.5 | 25.5 | (3.0) |
| RAMCO SYSTEMS LTD. | 2,239 | 53.6 | 6.33 | 14.7 | 11.9 | 11.0 | 2.3 | 16.0 |
| Mobavenue AI Tech Limited | 2,135 | 16.9 | 23.58 | 44.6 | 32.4 | 30.8 | — | 21.8 |
| NUCLEUS SOFTWARE EXPORTS | 1,828 | 17.3 | 2.01 | 10.4 | 12.9 | 15.2 | 11.3 | 16.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.0 | 19.0 | 27 of 41 | 35% |
| P/B | 3.1 | 1.6 | 27 of 38 | 30% |
| ROCE | 16.9 | 4.9 | 8 of 43 | 83% |
| ROE | 13.0 | 3.5 | 8 of 42 | 83% |
| Debt / Equity | 0.1 | 0.0 | 31 of 42 | 27% |
| EBITDA margin | 30.7 | 17.2 | 13 of 35 | 65% |
| Revenue growth | (20.8) | 9.7 | 29 of 33 | 13% |
| Profit growth | (25.2) | (12.0) | 23 of 41 | 45% |
| Market cap | 172 | 38 | 14 of 44 | 70% |
| 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.
