BSE: 544343
CAPITALNUMBERS INFOTECH LIMIT
Provides digital and IT services — including AI/ML/GenAI, Salesforce consulting, cloud modernisation and data engineering — to enterprise clients globally, predominantly on time-and-materials (T&M) engagements that accounted for 91% of FY26 revenue. The work is delivered by 500+ professionals across 50+ technologies from a Gurgaon delivery centre (80+ seats at 90% occupancy) and India offices. Revenue is geographically diversified: US 41%, Europe/UK 31%, Middle East 11%, India 10% and Rest of World 7% in FY26, with marquee wins including FTSE-listed real-estate (Salesforce), NYSE-listed medical-tech (data engineering) and two Fortune 500 clients. AI-related revenue crossed 10% of total revenue for the first time in FY26, and the company is broadening Salesforce capability via the INR 40 cr acquisition of US-incorporated Epitome Cloud Inc. (a Revenue Cloud/CPQ/CLM specialist with USD 2.87 mn CY2025 revenue). It runs a debt-free balance sheet with INR 171.3 cr in cash and investments, funded FY26 EBITDA of INR 35.8 cr at a 31% margin, and operates from BSE-SME since a January 2025 IPO. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. US (41%), Europe/UK (31%), Middle East (11%), India (10%), Rest of World (7%), AI/ML/GenAI services (10%). Asset-light IT services and digital consulting, predominantly time-and-materials, with a debt-free, cash-rich balance sheet and an emerging M&A programme.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 100 | 105 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 11.83 | 10.44 |
| ROE % · ROCE % | — · 21.4 | — · 17.7 |
| Debt / equity (x) | — | — |
| Cash from operations | 19 | 17 |
| Capex | (2) | (1) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 50 | 53 | 52 |
| Profit before tax | 16 | 20 | 14 |
| Net profit | — | — | — |
| EPS (₹) | 5.40 | 6.06 | 4.38 |
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. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 9,03,878 | 18.1 | 8.33 | 12.4 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,71,713 | 15.7 | 5.06 | 9.9 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,85,530 | 22.1 | 5.13 | 13.8 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,85,195 | 14.8 | 2.10 | 8.8 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,77,517 | 31.3 | 5.90 | 19.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,20,167 | 23.0 | 4.98 | 14.5 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 92,008 | 47.4 | 11.74 | 31.5 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 88,367 | 40.6 | 9.13 | 31.5 | 18.0 | 17.2 | 28.6 | 18.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.6 | 15.1 | 4 of 65 | 95% |
| ROCE | 17.6 | 14.2 | 29 of 76 | 63% |
| Market cap | 178 | 425 | 46 of 76 | 40% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Routine compliance filing under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · CapitalNumbers Infotech: Shareholders OK Reallocation of IPO Funds for Acquisition | capital market events | high | — | — |
| 1 Oct 2026 · 14th AGM: 4 resolutions passed, Re.1 dividend declared, IPO objects varied | compliance | minimal | — | — |
| 29 Sept 2026 · 14th AGM held via video conferencing; final dividend of Re 1 per share approved | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed for half year ended September 30, 2026 results | compliance | minimal | — | — |
| 9 Sept 2026 · Record date set at September 22, 2026 for Final Dividend | corporate actions | high | — | — |
| 8 Sept 2026 · Newspaper publication for 14th AGM Notice and Annual Report dispatch | compliance | minimal | — | — |
| 7 Sept 2026 · AGM notice and annual report sent to non-email shareholders | compliance | minimal | — | — |
| 7 Sept 2026 · CapitalNumbers Infotech AGM on Sep 29, 2026; Annual Report FY25-26 filed | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · Notice of 14th AGM scheduled for September 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
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.