Operates an IT-enabled services business run largely through 11 overseas subsidiaries, with consolidated FY26 revenue of Rs 284.88 crore up 26.8% year-on-year while standalone revenue contracted 11% to Rs 4,167 lakhs. Grew the customer base by 113 new US clients and 33 new European clients during the year, indicating international expansion as the main growth engine. Through its wholly-owned subsidiary izmo Microsystems, supplies advanced semiconductor packaging including high-frequency RF modules and radar receiver module assembly for India's defence electronics sector, and silicon photonic IC packaging as the official packaging partner in the National Silicon Photonics Mission led by IIT Madras's Centre of Excellence CPPICS under MeitY. The subsidiary has signed an MoU with Swiss TFLN photonic foundry CCRAFT SA and Madrid-based photonic IP firm Alcyon Photonics SL to co-develop photonic integrated circuits for datacom, telecom, aerospace and sensor markets, operating from a Class 1000 cleanroom in Bangalore. Employee cost of Rs 108.79 crore (38.2% of revenue) and other operating expenses of Rs 117.74 crore (41.3%) dominate the cost base, consistent with a services-heavy structure. Consolidated PAT was Rs 47.56 crore with a net margin of 16.7%; the standalone entity posted a Q4 loss, and other expenses surged from Rs 6,974.98 lakhs to Rs 11,774.08 lakhs year-on-year. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. IT-enabled services through foreign subsidiaries, Semiconductor packaging via izmo Microsystems. Services-led IT group with a niche semiconductor packaging subsidiary
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 132 | 154 | 187 | 225 | 285 |
| EBITDA (ex other income) | 24 | 29 | 40 | 36 | 52 |
| margin % | 17.8 | 18.9 | 21.4 | 16.0 | 18.3 |
| Owners' profit | 0 | 0 | 26 | 49 | 48 |
| EPS, as reported (₹) | 12.04 | 14.96 | 19.30 | 33.90 | 31.89 |
| ROE % · ROCE % | 6.4 · 6.4 | 7.3 · 7.5 | 8.5 · 8.9 | 13.6 · 14.9 | 11.6 · 11.8 |
| Debt / equity (x) | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Cash from operations | 16 | 30 | 31 | (0) | 17 |
| Capex | (25) | (30) | (29) | (33) | (25) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 59 | 60 | 57 | 60 | 59 | 109 | 65 |
| Profit before tax | 34 | 6 | 7 | 6 | 13 | 12 | 17 | 12 |
| Net profit | 30 | 6 | 7 | 6 | 13 | 12 | 17 | 12 |
| EPS (₹) | 21.14 | 4.07 | 4.63 | 4.03 | 8.43 | 7.83 | 11.56 | 8.15 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| TATA TECHNOLOGIES LIMITED | 31,087 | 55.8 | 7.92 | 33.8 | 13.9 | 14.3 | — | 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Izmo Limited: Promoter family gift transfer of 9.99 percent shares | ownership changes | medium | — | — |
| 2 Sept 2026 · IZMO publishes public notice for voluntary delisting from Calcutta Stock Exchange | compliance | minimal | — | — |
| 2 Sept 2026 · IZMO Limited publishes 31st AGM notice and e-voting details in newspapers | compliance | minimal | — | — |
| 2 Sept 2026 · IZMO Limited publishes newspaper ad for 31st AGM notice and e-voting details | compliance | minimal | — | — |
| 1 Sept 2026 · 31st AGM Notice and FY26 Annual Report filed | results | high | — | — |
| 1 Sept 2026 · 31st AGM on Sep 25, 2026 via VC; 4 resolutions including CSE delisting | board shareholder meetings | low | — | — |
| 1 Sept 2026 · izmo Microsystems develops 40 GHz RF chip package for defence, production starts | compliance | low | — | — |
| 1 Sept 2026 · izmo Microsystems develops indigenous 40 GHz RF semiconductor package | business updates | high | — | — |
| 24 Aug 2026 · Q1 FY27: Revenue up 15.7%, Operating EBITDA up 69.6%, PAT doubles | investor communications | medium | — | — |
| 24 Aug 2026 · Q1 FY27: Revenue up 15.7%, Operating EBITDA jumps 69.6% | business updates | 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 |
| AFFLE 3I LIMITED |
| 22,105 |
| 46.2 |
| 6.05 |
| 30.4 |
| 12.5 |
| 15.2 |
| 39.3 |
| 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 25.3 | 18.9 | 50 of 78 | 36% |
| P/B | 3.3 | 2.2 | 49 of 70 | 30% |
| ROCE | 11.4 | 9.7 | 40 of 87 | 55% |
| ROE | 11.6 | 9.4 | 28 of 72 | 62% |
| Debt / Equity | 0.0 | 0.0 | 29 of 72 | 61% |
| EBITDA margin | 25.6 | 13.0 | 18 of 69 | 75% |
| Revenue growth | 15.7 | 20.8 | 41 of 67 | 39% |
| Profit growth | 103.1 | 14.6 | 13 of 64 | 81% |
| Market cap | 1362 | 309 | 23 of 87 | 74% |
| 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.
