NSE: EMPOWER · BSE: 504351
EMPOWER INDIA LTD.
Mumbai-based technology firm operating in Data Centre Infrastructure, Cloud Computing, and IT Services. The reported cost base is light per the FY26 cost shape: employee costs at 0.1% of revenue and other operating expenses at 0.4% of revenue. The company is expanding into Digital Solar Solutions, evaluating rooftop and household solar access models for India. It has signed a term sheet for a cross-border share-swap acquisition of UAE-based MABIL to enter the Middle East market, pending due diligence and regulatory approvals. The company is dual-listed on BSE and NSE, with NSE admission effective April 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Data Centre Infrastructure, Cloud Computing, IT Services, Digital Solar Solutions, MABIL acquisition. Technology services and infrastructure provider diversifying into renewable energy
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 10 | 117 | 124 | 153 |
| EBITDA (ex other income) | (0) | 0 | 4 | (0) | 1 |
| margin % | (1.4) | 1.8 | 3.2 | (0.3) | 0.9 |
| Owners' profit | 0 | 0 | 0 | 0 | 18 |
| EPS, as reported (₹) | 0.00 | 0.00 | 0.06 | 0.04 | 0.15 |
| ROE % · ROCE % | (0.0) · (0.0) | 0.1 · 0.1 | 2.3 · 2.3 | 1.7 · 1.7 | 5.6 · 5.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.07 | 0.11 |
| Cash from operations | 11 | (1) | (6) | 8 | (49) |
| Capex | 0 | 0 | 0 | 0 | 0 |
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 | 38 | 46 | 24 | 16 | 27 | 35 | 48 | 44 |
| Profit before tax | 2 | 2 | 1 | 0 | 0 | 3 | 1 | 14 |
| Net profit | 2 | 2 | 1 | (0) | 0 | 3 | 1 | 14 |
| EPS (₹) | 0.02 | 0.02 | 0.09 | 0.00 | 0.01 | 0.02 | 0.01 | 0.12 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Empower India submits RTA certificate under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 12 Oct 2026 · Empower India expands into Robotics and AI implementation and integration | business updates | medium | — | — |
| 3 Oct 2026 · Empower India 44th AGM: All 3 resolutions passed with over 99% majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Proceedings of 44th AGM held on 30 September 2026 | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading Window Closure for Q2/H1 ending 30 Sep 2026 | compliance | minimal | — | — |
| 16 Sept 2026 · Empower India signs term sheet to acquire Valiance Engineers via share swap | compliance | low | — | — |
| 12 Sept 2026 · Record date and e-voting schedule for 44th AGM on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Notice of 44th AGM dispatched; meeting on 30 September 2026 | compliance | minimal | — | — |
| 9 Sept 2026 · Independent Director Naveenakumar Kunjaru resigns | management changes | medium | — | — |
| 8 Sept 2026 · Empower India 44th AGM on 30 Sept 2026; FY26 profit triples YoY | 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.