NSE: GATECHDVR · BSE: 570005
GACM TECHNOLOGIES LIMITED
Provides software and consultancy services, with FY26 consolidated revenue of ₹2,294.49 lakhs, up 57.4% year-on-year. Consolidated net profit grew 108% to ₹859.88 lakhs. Operates through one wholly-owned subsidiary, Gayiadi Fintech Private Limited, and is incorporating a UK subsidiary, Auratrust Tech Ltd, to expand international software development and IT work. The board has approved share-swap acquisitions of 5.66% in Market Simplified India Ltd and 21.66% in WEXL EDU Pvt Ltd, and shareholders have cleared a proposal to issue Foreign Currency Convertible Bonds up to USD 699 million for acquisitions and developing autonomous technology for overseas clients. Standalone cost structure shows employee costs at 18.1% of revenue, depreciation at 23.0%, and capex at 179.2%, reflecting heavy investment. The standalone balance sheet carries negative other equity of ₹2,292.53 lakhs (accumulated losses), while share capital rose to ₹12,924.08 lakhs from ₹7,987.93 lakhs after raising ₹4,936.16 lakhs through equity issuance. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software and consultancy services. Small-cap software and consultancy services firm in a heavy-investment, expansion phase
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 10 | 7 | 14 | 22 |
| EBITDA (ex other income) | (11) | 1 | 2 | 6 | 13 |
| margin % | (542.3) | 5.2 | 33.1 | 43.5 | 58.6 |
| Owners' profit | 0 | (1) | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.28) | (0.04) | 0.03 | 0.07 | 0.07 |
| ROE % · ROCE % | 134.4 · (69.1) | 17.8 · (1.0) | 15.9 · 10.9 | 8.3 · 8.7 | 8.0 · 7.7 |
| Debt / equity (x) | (2.80) | (2.60) | 1.24 | 0.00 | 0.00 |
| Cash from operations | (10) | 0 | (3) | (5) | 3 |
| Capex | 0 | (0) | 0 | (19) | (39) |
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 | 2 | 3 | 4 | 5 | 7 | 5 | 4 | 6 |
| Profit before tax | 0 | 0 | 2 | 3 | 3 | 3 | 1 | 2 |
| Net profit | 0 | 0 | 2 | 2 | 3 | 3 | 1 | 2 |
| EPS (₹) | 0.01 | 0.01 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 34,420 | 38.9 | 10.52 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,203 | 18.4 | 3.87 | 8.9 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,251 | — | 2.58 | 38.5 | 4.5 | 5.3 | 32.8 | 4.3 |
| PRIME SECURITIES LIMITED | 947 | 169.1 | 3.69 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 945 | 28.6 | 5.56 | 18.1 | 22.5 | 30.3 | — | 97.5 |
| CENTRUM CAPITAL LIMITED | 903 | — | 0.69 | 9.6 | (21.4) | (2.5) | 49.7 | 29.7 |
| REGENCY FINCORP LIMITED | 564 | 51.6 | 3.52 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 509 | — | 1623.78 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.1 | 18.6 | 13 of 76 | 84% |
| P/B | 0.1 | 1.1 | 6 of 105 | 95% |
| ROCE | 7.7 | 1.8 | 22 of 83 | 73% |
| ROE | 8.0 | 1.3 | 24 of 111 | 78% |
| Debt / Equity | 0.0 | 0.0 | 1 of 77 | 55% |
| EBITDA margin | 55.7 | 25.6 | 31 of 91 | 67% |
| Revenue growth | 23.9 | (4.1) | 29 of 85 | 67% |
| Profit growth | (5.2) | (0.2) | 57 of 109 | 48% |
| Market cap | 8 | 26 | 91 of 113 | 20% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · No securities submitted for dematerialisation or rematerialisation | compliance | minimal | — | — |
| 1 Oct 2026 · GACM Tech AGM: All 10 Resolutions Passed; QIP of Rs 200 Cr Cleared | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · 31st AGM proceedings of GACM Technologies held on September 30, 2026 | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Trading window closes Oct 1 ahead of Q2 FY26 results | compliance | minimal | — | — |
| 24 Sept 2026 · GACM signs distribution MOU for FIRM TALK ERP with AIML Cloud | strategic transactions | medium | — | — |
| 24 Sept 2026 · GACM Technologies corrigendum to AGM notice for WEXL Edu share swap | board shareholder meetings | low | — | — |
| 24 Sept 2026 · GACM Technologies appoints Mr. Siddarth Bhagwanji as CEO effective Sept 24, 2026 | management changes | high | — | — |
| 24 Sept 2026 · Board approves WEXL Edu share swap, HK subsidiary shift and new CEO | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Board meeting on Sept 24, 2026 to consider share swap and AGM corrigendum | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Newspaper publication of 31st AGM notice | compliance | minimal | — | — |
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.