Delivers IT services across three segments — Digital Transformation at 83.0% of FY26 segment revenue (Rs 1,009.97 cr), Enterprise Solutions at 13.9% (Rs 169.51 cr) and Consulting at 3.1% (Rs 37.47 cr). Digital Transformation spans cloud modernisation, AI-led platforms (Phoenix.ai, Structi.ai and an internal KAI platform) and digital oilfield deployments. Enterprise Solutions covers ServiceNow capability built via the Kumori acquisition, Snowflake Select-tier data work and NBFC loan origination modernisation. Consulting provides advisory services to enterprise and government clients. Q1 FY27 revenue came in at Rs 316 cr with EBITDA margin of 11.1%. Recent client wins span a Fortune India 500 conglomerate, UAE and Middle East enterprises, and public-sector projects in India. Employee cost is the largest expense at 45.8% of FY26 revenue, with other operating expenses at 42.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Digital Transformation (83%), Enterprise Solutions (14%), Consulting (3%). Asset-light IT services with employee-driven cost base and AI-led differentiation.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 843 | 917 | 983 | 1,098 | 1,217 |
| EBITDA (ex other income) | 105 | (91) | 104 | — | 136 |
| margin % | 12.4 | (9.9) | 10.6 | — | 11.1 |
| Owners' profit | 0 | 0 | 0 | — | 92 |
| EPS, as reported (₹) | 7.39 | (13.56) | 6.58 | 8.18 | 1.79 |
| ROE % · ROCE % | 14.7 · 18.4 | (34.0) · (23.6) | 14.4 · 18.3 | — · 18.7 | 11.4 · 14.7 |
| Debt / equity (x) | 0.22 | 0.36 | 0.29 | — | 0.22 |
| Cash from operations | 1 | 24 | 56 | 6 | (10) |
| Capex | (12) | (21) | (22) | (11) | (20) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 279 | 286 | 295 | 300 | 308 | 314 | 316 |
| Profit before tax | 24 | 25 | 21 | 27 | 29 | 30 | 21 | 26 |
| Net profit | 20 | 21 | — | 23 | 24 | 25 | 20 | 22 |
| EPS (₹) | 2.06 | 2.17 | 1.90 | 2.32 | 0.43 | 0.48 | 0.34 | 0.42 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Digital Transformation | 1,010 | 83.0 |
| Enterprise Solutions | 170 | 13.9 |
| Consulting | 37 | 3.1 |
| Total, before eliminations | 1,217 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Kellton wins first prize at SEBI TechSprint 2026 for AI compliance tool NIYAMA | business updates | low | — | — |
| 8 Sept 2026 · Kellton Tech files BRSR for FY26, turnover Rs 209 crore | compliance | minimal | — | — |
| 8 Sept 2026 · Kellton Tech submits FY26 BRSR with ESG disclosures | compliance | low | — | — |
| 8 Sept 2026 · Kellton Tech 32nd AGM notice; USD 50M FCCB raise, director re-appointments | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Kellton Tech FY26 Annual Report: Revenue Rs 1,225 Cr, PAT Rs 92 Cr | results | high | — | — |
| 5 Sept 2026 · Board approves USD 50M FCCB plan, sets AGM on Sept 30 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board meeting on Sept 5 to consider fund raising proposal | fund raising | low | — | — |
| 24 Aug 2026 · Kellton wins US healthcare AI claims platform deal | business updates | high | — | — |
| 18 Aug 2026 · Kellton receives ADB technology partnership award, expects USD 5 million account | business updates | medium | — | — |
| 6 Aug 2026 · Newspaper notice on special window for re-lodgement of physical shares | compliance | minimal | — | — |
| 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 |
| 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 |
| 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) | 8.3 | 18.9 | 15 of 78 | 82% |
| P/B | 0.9 | 2.2 | 17 of 70 | 77% |
| ROCE | 12.3 | 9.7 | 36 of 87 | 59% |
| ROE | 11.4 | 9.4 | 31 of 72 | 58% |
| Debt / Equity | 0.2 | 0.0 | 56 of 72 | 23% |
| EBITDA margin | 11.1 | 13.0 | 43 of 69 | 38% |
| Revenue growth | 6.8 | 20.8 | 50 of 67 | 26% |
| Profit growth | (1.5) | 14.6 | 43 of 64 | 33% |
| Market cap | 734 | 309 | 34 of 87 | 62% |
| 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.
