BSE: 531268
B2B SOFTWARE TECHNOLOGIES LTD.
Implements enterprise resource planning (ERP) systems such as Microsoft Dynamics 365 Business Central and sells IT software products and services. A recent international work order worth USD 162,754 from Learnovate Technologies covers Dynamics 365 ERP implementation for Kongoni River Farm across Kenya and Ethiopia, including data migration, training, UAT, go-live, hypercare support, 500 man-hours of annual maintenance per year, and PO automation add-on licenses, to be completed within 6-8 months. In FY26, consolidated revenue was ₹30.4558 crore (up 26.1794% year-on-year) and standalone revenue was ₹16.0729 crore. The export-oriented unit (EOU) was the main growth driver in the consolidated business, while the domestic tariff area (DTA) segment reported a loss of ₹3.18 crore. Geographically on a standalone basis, India contributed ₹4.1296 crore and USA ₹3.9057 crore to FY26 year-to-date revenue. Employee cost is the dominant expense at 62.8% of revenue, with other operating expenses at 21.7% and capex at 0.6%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. India, USA. People-intensive IT software products and services
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 20 | 20 | 20 | 24 | 30 |
| EBITDA (ex other income) | 3 | 2 | 1 | 2 | 2 |
| margin % | 15.5 | 10.4 | 6.0 | 7.9 | 8.2 |
| Owners' profit | 3 | 2 | 2 | 0 | 0 |
| EPS, as reported (₹) | 2.31 | 2.06 | 1.59 | 2.27 | 2.45 |
| ROE % · ROCE % | 16.9 · 22.6 | 13.1 · 14.8 | 9.2 · 11.9 | 11.7 · 14.3 | 11.3 · 14.8 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 2 | 2 | 1 | 2 | 3 |
| Capex | (0) | (0) | 0 | (0) | (0) |
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 | 6 | 5 | 7 | 6 | 8 | 8 | 8 | 7 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 2 | 0 | 1 |
| Net profit | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| EPS (₹) | 0.26 | 0.56 | 0.49 | 0.56 | 0.55 | 1.07 | 0.28 | 0.53 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| INDIA | 13 | 42.3 |
| USA | 14 | 47.2 |
| India | 3 | 10.5 |
| Total, before eliminations | 30 | 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. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 86,739 | 25.4 | 11.08 | 22.8 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 7,929 | 14.8 | 3.19 | 9.4 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 4,555 | 33.1 | 5.03 | 19.7 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 4,188 | 99.1 | 4.09 | 31.9 | 5.1 | 4.9 | — | 4.9 |
| TECHNVISION VENTURES LTD. | 2,278 | 10371.4 | 151.84 | 304.0 | 1.4 | 5.5 | 25.5 | (3.0) |
| Mobavenue AI Tech Limited | 2,087 | 16.5 | 23.05 | 43.6 | 32.4 | 30.8 | — | 21.8 |
| RAMCO SYSTEMS LTD. | 1,964 | 47.0 | 5.55 | 12.8 | 11.9 | 11.0 | 2.3 | 16.0 |
| NUCLEUS SOFTWARE EXPORTS | 1,746 | 16.6 | 1.92 | 9.9 | 12.9 | 15.2 | 11.3 | 16.9 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.2 | 18.1 | 11 of 32 | 68% |
| P/B | 1.6 | 1.5 | 20 of 38 | 49% |
| ROCE | 14.8 | 4.8 | 8 of 40 | 82% |
| ROE | 11.3 | 3.5 | 9 of 38 | 78% |
| Debt / Equity | 0.0 | 0.0 | 1 of 38 | 51% |
| EBITDA margin | 16.9 | 17.2 | 20 of 35 | 44% |
| Revenue growth | 14.2 | 9.7 | 16 of 33 | 53% |
| Profit growth | 40.8 | (12.0) | 13 of 41 | 70% |
| Market cap | 39 | 41 | 23 of 44 | 49% |
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 meeting to approve September 2026 quarterly and half-year results | results | low | — | — |
| 6 Oct 2026 · Routine SEBI compliance certificate for Q2 FY27 dematerialization | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 28 Aug 2026 · 32nd AGM voting results: all 5 resolutions approved by members | board shareholder meetings | low | — | — |
| 28 Aug 2026 · B2B Software Technologies holds 32nd AGM, voting results to follow | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Notice of 32nd AGM published in newspapers | compliance | minimal | — | — |
| 5 Aug 2026 · B2B Software Technologies files 32nd Annual Report for FY26, AGM on Aug 28 | compliance | minimal | — | — |
| 5 Aug 2026 · B2B Software Technologies 32nd AGM notice for Aug 28, 2026 via VC | board shareholder meetings | low | — | — |
| 17 Jul 2026 · Q1 FY27 results: consol PAT up 41%; mgmt changes | results | high | — | — |
| 17 Jul 2026 · Q1 FY27 Results: Revenue up 15%, consol PAT jumps 41% | results | high | — | — |
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.