Provided BSNL SMS service contracts for banks as its primary business, delivering services through state-owned BSNL's network to banking clients. These contracts ended in the previous financial year and were not renewed, leaving the company with no active revenue-generating operations as of FY26. The statutory auditor issued a disclaimer of opinion for FY26, flagging material uncertainty about the company's ability to continue as a going concern. Management states it is exploring the development of a new technology product but has not yet started any new business. Three bank accounts are frozen due to a disputed Rs. 12.05 crore claim from Mudunuru Limited, which the company is contesting and treating as a contingent liability. Cash position stands at Rs. 253.68 lakhs, though availability is restricted. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. BSNL SMS service contracts for banks. Small IT services company with no active revenue-generating operations after BSNL contracts ended
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7 | 6 | 4 | 2 | 0 |
| EBITDA (ex other income) | 0 | 1 | 4 | 2 | (1) |
| margin % | 0.1 | 14.9 | 88.2 | 70.4 | — |
| Owners' profit | 0 | 1 | 3 | 1 | (1) |
| EPS, as reported (₹) | 0.06 | 0.65 | 3.18 | 1.42 | 0.94 |
| ROE % · ROCE % | (5.9) · (6.0) | (173.9) · 34.5 | 113.4 · 170.3 | 33.6 · 49.4 | (28.7) · (27.8) |
| Debt / equity (x) | 0.00 | (10.07) | 0.46 | 0.00 | 0.00 |
| Cash from operations | 0 | 1 | 2 | 1 | (1) |
| Capex | 0 | (0) | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | 0 | 1 | (0) | (0) | (0) | (0) |
| Net profit | 0 | 0 | 0 | 0 | (0) | (0) | (0) | (0) |
| EPS (₹) | 0.55 | 0.24 | 0.10 | 0.52 | 0.21 | 0.28 | 0.24 | 0.20 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 1,02,338 | 30.0 | 13.08 | 26.9 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 6,684 | 12.5 | 2.69 | 7.8 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 5,056 | 36.8 | 5.59 | 21.9 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 3,656 | 86.5 | 3.57 | 27.9 | 5.1 | 4.9 | — | 4.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Infronics Systems sends web-link letters for 26th Annual Report FY2025-26 | compliance | minimal | — | — |
| 9 Sept 2026 · Record date set at Sep 23 for 26th AGM e-voting | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Book closure Sep 24 to Sep 30, 2026 for 26th AGM; record date Sep 23 | compliance | minimal | — | — |
| 8 Sept 2026 · Infronics Systems 26th AGM Notice Published in Newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · 26th Annual Report and AGM Notice filed for FY 2025-26 | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · 26th AGM on Sep 30, 2026 via video conferencing - no dividend | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Infronics Systems announces 26th AGM on September 30, 2026 via video conferencing | compliance | minimal | — | — |
| 4 Sept 2026 · Infronics Systems 26th AGM scheduled for September 30, 2026 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Infronics Q1 FY27 Results: Zero Revenue, Going Concern Doubt | compliance | minimal | — | — |
| 11 Aug 2026 · Infronics Q1 FY27 results: auditors disclaim review, going concern doubt | results | high | — | — |
| 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 |
| TECHNVISION VENTURES LTD. |
| 2,991 |
| 344.1 |
| 199.35 |
| 399.6 |
| 1.4 |
| 5.5 |
| 25.5 |
| (3.0) |
| RAMCO SYSTEMS LTD. | 2,239 | 53.6 | 6.33 | 14.7 | 11.9 | 11.0 | 2.3 | 16.0 |
| Mobavenue AI Tech Limited | 2,135 | 16.9 | 23.58 | 44.6 | 32.4 | 30.8 | — | 21.8 |
| NUCLEUS SOFTWARE EXPORTS | 1,828 | 17.3 | 2.01 | 10.4 | 12.9 | 15.2 | 11.3 | 16.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 21.5 | 19.0 | 24 of 41 | 43% |
| P/B | 6.1 | 1.6 | 33 of 38 | 14% |
| ROCE | (27.9) | 4.9 | 42 of 43 | 2% |
| ROE | (28.7) | 3.5 | 40 of 42 | 5% |
| Debt / Equity | 0.0 | 0.0 | 5 of 42 | 46% |
| Revenue growth | (100.0) | 9.7 | 31 of 33 | 0% |
| Profit growth | (139.5) | (12.0) | 33 of 41 | 20% |
| Market cap | 16 | 38 | 29 of 44 | 35% |
| 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.
