Provides IT and IT-enabled services, with a product portfolio built around the Shopify e-commerce platform. Its solutions serve 12,000+ global Shopify stores, and it is developing SiteGrowth AI, an AI-powered organic growth engine for SaaS and business websites. Through its 70.05%-held subsidiary Munim ERP Private Limited, it also offers accounting and GST compliance software, which posted FY26 turnover of Rs 196.06 Lakh against a negative net worth of Rs 310.19 Lakh. On a consolidated basis, FY26 revenue was Rs 1,304.74 Lakh, up 43.5% year-on-year, and consolidated net profit was Rs 535.38 Lakh, up about 44% from Rs 371.98 Lakh in FY25. EBITDA margin contracted from 62.5% in FY25 to 57.5% in FY26, even as absolute EBITDA grew 26.4% to Rs 749.9 Lakh. The cost structure as reported shows materials at 12.7% of revenue, other operating expenses at 29.9%, and capex at 86.3% of revenue, with employee cost shown as 0.0% of revenue. The company is based in Surat, Gujarat, is listed on BSE, and raised Rs 1,663.20 Lakh through an IPO earlier in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT and IT-enabled services (Shopify-focused products for e-commerce merchants), Accounting and GST compliance software (via Munim ERP subsidiary). Small-cap, product-led IT services and SaaS business with an early-stage, loss-making ERP subsidiary
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 9 | 13 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 4.52 | 5.13 |
| ROE % · ROCE % | — · 25.9 | — · 20.9 |
| Debt / equity (x) | — | — |
| Cash from operations | 3 | 4 |
| Capex | 0 | (11) |
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 4 | 6 | 7 |
| Profit before tax | 2 | 3 | 4 |
| Net profit | — | — | — |
| EPS (₹) | 1.86 | 2.49 | 2.64 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Identixweb publishes 9th AGM notice in newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · Identixweb submits Annual Report for FY 2025-26 | results | high | — | — |
| 7 Sept 2026 · Notice of 9th AGM on September 29, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Board approves FY26 Directors Report, sets 9th AGM on Sept 29, 2026 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Reply to BSE query on share price movement, says no undisclosed info | regulatory legal | medium | — | — |
| 1 Sept 2026 · BSE seeks clarification from Identixweb on price movement | regulatory legal | medium | — | — |
| 4 Aug 2026 · Identixweb appoints Capital Bridge Advisors as Investor and PR agency | general | low | — | — |
| 4 Jul 2026 · RTA submits dematerialization certificate for Q1 FY27 | compliance | minimal | — | — |
| 24 Jun 2026 · Identixweb to buy additional 20.04% stake in subsidiary Munim ERP | strategic transactions | medium | — | — |
| 24 Jun 2026 · Identixweb board approves additional 20.04% stake buy in subsidiary Munim ERP | strategic transactions | medium | — | — |
| 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 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.9 | 16.6 | 15 of 71 | 80% |
| ROCE | 20.9 | 14.2 | 22 of 78 | 73% |
| Market cap | 72 | 475 | 59 of 75 | 22% |
| 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 |
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.
