NSE: KANDARP
KANDARP DG SMART BPO LTD
Operates a business process outsourcing (BPO) services business listed on NSE. Employee costs of 34.67 crore account for 87.3% of FY26 revenue, indicating a labour-intensive services model with effectively zero materials input. Revenue of 39.74 crore in FY26 was up 63.3% year-on-year. Capital expenditure was negligible at 0.01 crore and other operating expenses were 3% of revenue, leaving little asset intensity beyond the workforce. Total assets stood at 43.21 crore and return on capital employed was 10.52% in FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. BPO services. Labour-intensive BPO services with near-zero materials cost
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 24 | 40 |
| EBITDA (ex other income) | 3 | 3 |
| margin % | 12.2 | 7.9 |
| Owners' profit | — | — |
| EPS, as reported (₹) | 2.05 | 2.05 |
| ROE % · ROCE % | — · 14.5 | — · 10.5 |
| Debt / equity (x) | — | — |
| Cash from operations | 1 | (2) |
| Capex | (0) | (0) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 16 | 23 | 16 |
| Profit before tax | 2 | 1 | 2 |
| Net profit | — | — | — |
| EPS (₹) | 1.74 | 0.80 | 1.26 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · SDD Compliance Certificate submitted for FY ended Sept 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · Routine SEBI Regulation 74(5) compliance filing for Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · AGM 2026: All 3 resolutions passed unanimously by shareholders | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Kandarp Digi Smart BPO holds 25th AGM; voting results pending | board shareholder meetings | low | — | — |
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.