Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · BITS LTD. · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
BITS LTD.
BSE: 526709
BSE: 526709
Information Technology › Information Technology › IT - Software › Software Products
BITS LTD.
StateQ4 FY26 filed
Last close · 9 Oct 2026₹6.47
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA107.8 · 3.46 · 80.4
BITS LTD. is a IT - Software company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 |
| EBITDA (ex other income) | 0 | (0) | 0 | 0 | 1 |
| margin % | 7.3 | (28.4) | 7.0 | 29.1 | 47.5 |
| Owners' profit | 0 | 0 | 2 | 0 | 1 |
| EPS, as reported (₹) | 0.02 | (0.01) | 0.22 | 0.02 | 0.06 |
| ROE % · ROCE % | 1.3 · 1.3 | (0.3) · (0.3) | 12.1 · 0.7 | 1.1 · 1.0 | 3.4 · 3.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | 0 | 1 | 7 | 1 |
| Capex | (0) | (0) | (1) | (5) | (1) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · BITS LTD. · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: 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. | 90,480 | 26.5 | 11.56 | 23.7 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 6,551 | 12.3 | 2.63 | 7.6 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 4,785 | 34.8 | 5.29 | 20.7 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 4,403 | 104.1 | 4.30 | 33.5 | 5.1 | 4.9 | — | 4.9 |
| TECHNVISION VENTURES LTD. | 2,767 | 12600.0 | 184.46 | 369.6 | 1.4 | 5.5 | 25.5 | (3.0) |
| Mobavenue AI Tech Limited | 2,276 | 18.0 | 25.14 | 47.6 | 32.4 | 30.8 | — | 21.8 |
| RAMCO SYSTEMS LTD. | 2,023 | 48.4 | 5.72 | 13.2 | 11.9 | 11.0 | 2.3 | 16.0 |
| NUCLEUS SOFTWARE EXPORTS | 1,606 | 15.2 | 1.77 | 9.1 | 12.9 | 15.2 | 11.3 | 16.9 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 109.2 | 19.6 | 29 of 32 | 10% |
| P/B | 3.5 | 1.7 | 29 of 38 | 24% |
| ROCE | 3.1 | 4.8 | 22 of 40 | 46% |
| ROE | 3.5 | 3.5 | 20 of 38 | 49% |
| Debt / Equity | 0.0 | 0.0 | 1 of 38 | 51% |
| EBITDA margin | 65.7 | 17.2 | 5 of 35 | 88% |
| Revenue growth | 43.1 | 9.7 | 10 of 33 | 72% |
| Profit growth | 194.9 | (12.0) | 6 of 41 | 88% |
| Market cap | 73 | 42 | 19 of 44 | 58% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · BITS LTD. · 9 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · RTA submits quarterly demat confirmation certificate for Q2 FY26 | compliance | minimal | — | — |
| 28 Sept 2026 · BITS Limited 34th AGM: All 4 Resolutions Passed | board shareholder meetings | medium | — | — |
| 27 Sept 2026 · 34th AGM proceedings - 4 resolutions passed including auditor change and MOA alteration | compliance | minimal | — | — |
| 22 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results announcement | compliance | minimal | — | — |
| 5 Sept 2026 · BITS LTD submits 34th AGM notice newspaper copies to BSE | compliance | minimal | — | — |
| 4 Sept 2026 · BITS Ltd completes dispatch of 34th AGM notice and annual report | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report 2025-26 dispatch and 34th AGM notice to shareholders | compliance | minimal | — | — |
| 4 Sept 2026 · Bits Ltd 34th AGM notice includes MOA expansion and auditor change | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Bits Ltd 34th AGM notice and annual report for FY26 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Bits Ltd: Board approves new auditor, alters MoA objects, fixes 34th AGM on Sep 27 | management changes | medium | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in