NSE: INFOBEAN · BSE: 543644
INFOBEANS TECHNO. LTD.
Delivers software engineering services to enterprise clients, with FY26 revenue of ₹513.57 crore spread across US (53%), Europe (35%), Middle East (7%) and India/APAC (4%) geographies. Employee expenses form the bulk of costs at 63% of revenue, with other operating expenses at 15.1% and depreciation at 4.7%, producing an EBITDA margin of 26.87%. The firm sells two proprietary AI tools — Insane SDD 2.0 for development speed and RAI for AI output reliability — and holds ISO 42001:2023 certification for AI management systems. Operations run on an asset-light, people-driven model where most spend goes to engineering staff. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software engineering services — US (53%), Software engineering services — Europe (35%), Software engineering services — Middle East (7%), Software engineering services — India/APAC (4%). Asset-light, people-driven IT services with growing AI-led delivery
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 271 | 385 | 369 | 395 | 514 |
| EBITDA (ex other income) | 67 | 71 | 51 | 67 | 113 |
| margin % | 24.9 | 18.4 | 13.8 | 17.0 | 21.9 |
| Owners' profit | 0 | 36 | 22 | 38 | 87 |
| EPS, as reported (₹) | 23.58 | 14.83 | 9.25 | 15.59 | 8.93 |
| ROE % · ROCE % | 24.5 · 21.5 | 13.2 · 14.8 | 7.6 · 10.5 | 11.4 · 14.6 | 21.0 · 25.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 81 | 77 | 44 | 50 | 85 |
| Capex | (5) | (5) | (2) | (2) | (8) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 98 | 96 | 103 | 112 | 125 | 134 | 142 | 153 |
| Profit before tax | 16 | 10 | 15 | 29 | 29 | 27 | 27 | 29 |
| Net profit | 13 | 7 | 11 | 23 | 23 | 19 | 21 | 22 |
| EPS (₹) | 5.20 | 2.90 | 4.31 | 9.57 | 9.28 | 7.96 | 2.21 | 2.23 |
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 | 8,87,298 | 17.8 | 8.18 | 12.2 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,55,550 | 15.2 | 4.88 | 9.6 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,78,281 | 21.6 | 5.03 | 13.6 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,82,720 | 14.6 | 2.07 | 8.7 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,74,293 | 30.7 | 5.79 | 19.5 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,21,357 | 23.2 | 5.03 | 14.7 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 91,811 | 47.3 | 11.71 | 31.4 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 86,606 | 39.8 | 8.95 | 30.9 | 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) | 6.8 | 15.0 | 6 of 65 | 92% |
| P/B | 3.5 | 2.6 | 37 of 65 | 44% |
| ROCE | 24.7 | 14.2 | 13 of 76 | 84% |
| ROE | 21.0 | 11.5 | 9 of 64 | 87% |
| Debt / Equity | 0.0 | 0.0 | 1 of 65 | 67% |
| EBITDA margin | 23.2 | 18.4 | 17 of 65 | 75% |
| Revenue growth | 36.6 | 10.6 | 11 of 63 | 84% |
| Profit growth | (7.3) | 6.7 | 40 of 62 | 36% |
| Market cap | 1425 | 419 | 28 of 76 | 64% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 29 Oct 2026 · Q2 FY27 revenue rises 28% and profit after tax rises 16% year on year | compliance | minimal | — | — |
| 28 Oct 2026 · Q2 FY27 revenue up 30%, PAT up 16%; standalone PAT up 33% | results | high | — | — |
| 26 Oct 2026 · InfoBeans schedules Q2 and H1 earnings call for October 29 | board shareholder meetings | low | — | — |
| 21 Oct 2026 · InfoBeans reaches Select tier in Anthropic's Claude partner network | compliance | low | — | — |
| 20 Oct 2026 · InfoBeans earns EcoVadis Bronze Medal for sustainability | business updates | medium | — | — |
| 17 Oct 2026 · New Independent Director appointed; one steps down due to age | management changes | medium | — | — |
| 17 Oct 2026 · InfoBeans appoints new independent director; one steps down at age 75 | management changes | medium | — | — |
| 16 Oct 2026 · Board meeting on 17 Oct 2026 to appoint new Independent Director | management changes | medium | — | — |
| 15 Oct 2026 · Board meeting on 28 Oct 2026 to approve Q2 FY26 results | results | low | — | — |
| 13 Oct 2026 · Clarification on sudden rise in share price - no material info withheld | regulatory legal | 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.