BSE: 541196
Lex Nimble Solutions Limited
Provides IT consulting, development, staffing, and support services, and is the Indian arm of US-based Lex Nimble Solutions Inc. It operates through two main lines: IT Development/Consulting, and IT Staffing, Support Services/Payroll and accounting services, with a third line for Quality Certification/Consulting and Training that was inactive in H1 FY26. In H1 FY26, IT Development/Consulting earned Rs 2.34 crore in revenue and IT Staffing, Support Services/Payroll and accounting services earned Rs 2.00 crore. The company has a foreign subsidiary branch in the USA whose revenue is reported under an outside-India segment. For FY26, total revenue from operations was Rs 7.91 crore with a net profit of Rs 1.05 crore, and the firm has zero borrowings on its balance sheet. Employee costs are the largest identifiable expense at 26.6% of revenue, with other operating expenses accounting for 69.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT Development/Consulting, IT Staffing, Support Services/Payroll and accounting services, Quality Certification/Consulting and Training, Outside India (USA branch). Small, debt-free IT services and consulting firm with India and USA operations.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 4 | 4 | 7 | 8 |
| EBITDA (ex other income) | 0 | 0 | 0 | 1 | 0 |
| margin % | 0.0 | 8.8 | 3.9 | 7.2 | 3.6 |
| Owners' profit | 1 | 1 | 1 | 1 | 1 |
| EPS, as reported (₹) | 1.34 | 1.94 | 2.09 | 2.84 | 2.52 |
| ROE % · ROCE % | 4.1 · 5.4 | 5.6 · 7.3 | 5.7 · 7.4 | 7.1 · 9.6 | 6.1 · 7.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | 0 | 1 | (0) |
| Capex | (0) | (0) | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 2 | 0 | 2 | 0 | 4 | 4 | 4 |
| Profit before tax | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| EPS (₹) | 0.00 | 1.18 | 0.00 | 1.09 | 0.00 | 1.43 | 0.98 | 1.54 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| IT Development/Consulting | 2 | 54.0 |
| IT Staffing, Support Services/Payroll and accounting services | 2 | 46.0 |
| Total, before eliminations | 4 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CENTRAL MINE P N D INST L | 13,338 | 43.9 | 5.84 | — | 26.9 | 34.6 | — | 34.9 |
| IIRM HOLDINGS INDIA LTD | 695 | 28.3 | 4.41 | 11.8 | 15.5 | 14.4 | — | 24.9 |
| Qualitek Labs Limited | 582 | 37.3 | — | — | — | 8.5 | — | — |
| Monarch Surveyors and Engineer | 358 | 7.3 | — | — | — | 20.9 | — | — |
| LIKHAMI CONSULTING LIMITED | 307 | 965.6 | 8.75 | — | 0.7 | 0.9 | — | 67.2 |
| Ekansh Concepts Limited | 245 | 77.9 | 5.40 | 148.1 | (6.7) | (6.8) | (12.2) | 48.8 |
| EKI ENERGY SERVICES LTD | 206 | — | 0.54 | 20.9 | (4.3) | (3.0) | — | (6.1) |
| AAA TECHNOLOGIES LIMITED | 158 | 74.1 | 5.10 | — | 6.7 | 8.9 | — | 31.8 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 21.5 | 7.6 | 16 of 23 | 32% |
| P/B | 2.1 | 2.0 | 10 of 17 | 44% |
| ROCE | 7.9 | 8.2 | 14 of 26 | 48% |
| ROE | 6.1 | 6.7 | 10 of 17 | 44% |
| Debt / Equity | 0.0 | 0.0 | 1 of 17 | 63% |
| EBITDA margin | 24.2 | 31.8 | 12 of 17 | 31% |
| Revenue growth | 127.3 | 10.3 | 2 of 18 | 94% |
| Profit growth | 41.3 | (29.8) | 4 of 18 | 82% |
| Market cap | 36 | 35 | 12 of 26 | 56% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Compliance certificate filed with BSE for quarter ended September 2026 | compliance | minimal | — | — |
| 11 Sept 2026 · 21st AGM concludes; both resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Lex Nimble Solutions 21st AGM: both resolutions passed with 100% support | board shareholder meetings | medium | — | — |
| 19 Aug 2026 · Lex Nimble Solutions announces 21st AGM on September 11, 2026 via video conference | compliance | minimal | — | — |
| 18 Aug 2026 · FY2025-26 annual report: revenue up, profit down | board shareholder meetings | low | — | — |
| 18 Aug 2026 · 21st AGM scheduled for September 11, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 13 Jul 2026 · Compliance filing under SEBI Reg 74(5) marked not applicable | compliance | minimal | — | — |
| 21 May 2026 · Audited Financial Results (Standalone) for the financial year ended on 31.03.2026. | results | high | — | — |
| 21 May 2026 · Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, we enclose the following: The statement of Audited Financial Results (Standalone) for the financial year ended on 31st March, .... | results | high | — | — |
| 13 May 2026 · Lex Nimble Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve the Audited Financial .... | results | low | — | — |
How to read this document
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|---|---|---|
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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.