NSE: INSPIRISYS · BSE: 532774
INSPIRISYS SOLUTIONS LTD
Operates across three revenue streams disclosed in its segment reporting: Services, Systems Integration, and Warranty Management Services. Services is the largest contributor, with Systems Integration second and Warranty Management Services the smallest. Total FY26 revenue was Rs 475.88 crore, net profit Rs 40.98 crore, and EBITDA margin 10.06%. Employee cost at 26.5% of revenue is the largest disclosed single expense, followed by other operating expenses at 32.9%, depreciation at 1.1%, and effectively no materials cost. Capex was just 0.2% of revenue, indicating an asset-light operating model. The promoter is Japan's CAC Holdings Corporation. During FY26 the company completed the voluntary liquidation of two subsidiaries (ISDMCC and ISJKK) and closed its Singapore branch operations, while completing the FY25 liquidation of Inspirisys Solutions Japan KK in July 2025. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Services, Systems Integration, Warranty Management Services. Service-oriented, asset-light, people-heavy business with negligible raw materials and minimal capex.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 342 | 390 | 490 | 388 | 476 |
| EBITDA (ex other income) | (3) | 13 | 32 | 28 | 37 |
| margin % | (0.9) | 3.4 | 6.5 | 7.2 | 7.7 |
| Owners' profit | (13) | (3) | 4 | 32 | 41 |
| EPS, as reported (₹) | (3.37) | (0.64) | 0.92 | 8.01 | 10.35 |
| ROE % · ROCE % | (1688.6) · (22.2) | 30.3 · 173.0 | 12.5 · 84.6 | 54.2 · 22.5 | 40.9 · 23.0 |
| Debt / equity (x) | 132.66 | (12.27) | 2.98 | 1.36 | 0.79 |
| Cash from operations | (7) | 18 | (27) | 39 | 23 |
| Capex | (2) | (3) | (4) | (3) | (1) |
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 | 84 | 80 | 120 | 85 | 120 | 130 | 142 | 107 |
| Profit before tax | 5 | 2 | 12 | 8 | 12 | 4 | 12 | 6 |
| Net profit | 4 | 13 | 12 | 6 | 7 | 19 | 9 | 4 |
| EPS (₹) | 0.95 | 3.34 | 3.10 | 1.54 | 1.87 | 4.71 | 2.21 | 1.03 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Systems Integration | 152 | 31.9 |
| Services | 310 | 65.1 |
| Warranty Management Services | 7 | 1.4 |
| System Integration | 7 | 1.5 |
| Total, before eliminations | 476 | 100.0 |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Sept 2026 · Trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 12 Aug 2026 · Newspaper publication copy filed with exchange | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 Results: Revenue up 27% YoY, profit declines | results | high | — | — |
| 11 Aug 2026 · Inspirisys Q1 FY27 results: revenue up 27% YoY, profit dips | results | high | — | — |
| 10 Aug 2026 · Inspirisys wins Kerala VAT appeal, ₹109 lakh demand dismissed | regulatory legal | high | — | — |
| 24 Jul 2026 · Inspirisys board meeting on Aug 11 to approve Q1 FY27 results | board shareholder meetings | low | — | — |
| 23 Jul 2026 · CARE Ratings upgrades bank facility ratings to BBB+ Stable | credit debt | high | — | — |
| 8 Jul 2026 · Routine compliance certificate from registrar for quarter ended June 2026 | compliance | minimal | — | — |
| 30 Jun 2026 · Inspirisys Solutions submits AGM voting results and Scrutinizer report | compliance | minimal | — | — |
| 30 Jun 2026 · 31st AGM held on June 30, 2026; both resolutions cleared | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
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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.