BSE: 509051
INDIAN INFOTECH & SOFTWARE LTD
Lends to borrowers and trades in equity securities as a non-banking financial company (NBFC) and investment company listed on BSE. In FY26, total revenue of Rs 6,410.80 lakhs came mainly from sale of shares (Rs 5,085.73 lakhs, up from Rs 2,555.27 lakhs in FY25), with the balance from interest on its loan book. Loans receivable stood at Rs 30,198.42 lakhs at end-FY26, up from Rs 24,090.44 lakhs a year earlier, funded in part by a Rights Issue in 2025 that raised Rs 43.31 crore through 40.74 crore equity shares at Rs 1.10 each, of which Rs 34.50 crore was deployed to augment capital for lending and investment activity. The company reported a net profit of Rs 138.38 lakhs in FY26, a turnaround from a Rs 691.90 lakhs loss in FY25, though operating cash flow was sharply negative at Rs -5,862.80 lakhs. Its cost base is dominated by other operating expenses at 13.7% of revenue, with negligible employee cost (0.4%) and no material or depreciation charges. The auditor flagged that interest income is booked on accrual basis pending loan and balance confirmations from counterparties, and that TDS has not been deposited by several of those counterparties. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sale of shares, Interest income on loans. Small NBFC and investment company focused on lending and equity trading, asset-light on fixed costs but loan-book heavy
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 55 | 47 | 21 | 39 | 64 |
| EBITDA (ex other income) | 0 | 1 | 2 | (7) | 2 |
| margin % | 0.8 | 1.7 | 11.0 | (16.9) | 2.9 |
| Owners' profit | 0 | 1 | 2 | (7) | 1 |
| EPS, as reported (₹) | 0.00 | 0.01 | 0.01 | (0.05) | 0.00 |
| ROE % · ROCE % | 0.1 · — | 0.3 · — | 0.6 · — | (2.6) · — | 0.4 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 2 | 7 | (59) | (14) | (59) |
| 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 | 18 | 12 | 6 | 4 | 11 | 12 | 6 | 36 |
| Profit before tax | 4 | 7 | (12) | (5) | 4 | 4 | (1) | (5) |
| Net profit | 3 | 5 | (9) | (6) | 3 | 3 | (1) | (3) |
| EPS (₹) | 0.04 | 0.07 | (0.07) | (0.04) | 0.04 | 0.01 | (0.02) | (0.02) |
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. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 50.0 | 19.9 | 37 of 51 | 28% |
| P/B | 0.3 | 0.6 | 16 of 63 | 74% |
| ROE | 0.5 | 1.3 | 42 of 65 | 36% |
| EBITDA margin | (13.0) | 61.6 | 54 of 62 | 13% |
| Revenue growth | 774.4 | 13.6 | 4 of 56 | 95% |
| Profit growth | 41.5 | 10.7 | 27 of 66 | 60% |
| Market cap | 84 | 273 | 44 of 68 | 36% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Routine compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 1 Oct 2026 · 44th AGM results: all 7 resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 44th AGM held on Sept 30, 2026: borrowing limit raised to Rs 500 cr | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closed from 1 Oct 2026 for Q2 results | compliance | minimal | — | — |
| 12 Sept 2026 · Newspaper notice of 44th AGM and e-voting details submitted to BSE | compliance | minimal | — | — |
| 9 Sept 2026 · AGM notice newspaper publication filed for 44th AGM on 30 Sept 2026 | compliance | minimal | — | — |
| 8 Sept 2026 · Book Closure from 24 Sep to 30 Sep for 44th AGM | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Notice of 44th AGM on Sept 30, 2026; auditor change and borrowing limit hike to Rs 500 Cr | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 44th Annual Report filed with AGM notice covering auditor change and limit hikes | compliance | minimal | — | — |
| 5 Sept 2026 · Board Approves New Auditor, Independent Director and Higher Borrowing Limits | management changes | medium | — | — |
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.