BSE: 539012
Megri Soft Limited
Provides data processing and IT services from Chandigarh, with operations also run through a UK-based subsidiary, Megrisoft Limited, in which it holds 62.5% after a February 2026 equity allotment. On a consolidated FY26 basis, total revenue was Rs. 2.92 crore and net profit was Rs. 0.62 crore, with an EBITDA margin of 32.97%. The biggest cost line is other operating expenses at 44.2% of revenue, followed by employee costs at 24.2% and depreciation at 4.3%. Capital expenditure ran at 44.6% of revenue in FY26, tied to the construction of a building on its land at Plot I-46, Sector-83 Alpha, IT City, S.A.S. Nagar, Punjab. The UK subsidiary contributed about 15.7% of the parent's turnover in the prior financial year. The promoter group holds about 74.99% of the equity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Data processing and IT services (standalone India operations), IT services via UK subsidiary Megrisoft Limited (16%). Small-cap, services-oriented data processing and IT services company with a UK subsidiary and ongoing capex on its own IT Park building.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 2 | 3 | 4 | 3 |
| EBITDA (ex other income) | 1 | 1 | 1 | 1 | 1 |
| margin % | 20.6 | 25.3 | 28.1 | 22.4 | 31.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 1 |
| EPS, as reported (₹) | 1.74 | 1.64 | 2.17 | 1.77 | 1.96 |
| ROE % · ROCE % | 2.6 · 3.4 | 2.4 · 3.3 | 3.1 · 4.2 | 2.5 · 3.3 | 2.7 · 3.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | 0 | 2 | 1 | 2 |
| Capex | (2) | (2) | (2) | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.44 | 0.47 | 0.39 | 0.47 | 0.45 | 0.48 | 0.29 | 0.74 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TRACXN TECHNOLOGIES LTD | 320 | — | 6.09 | — | (15.0) | (3.2) | — | (12.9) |
| Megri Soft Limited ◆ | 25 | 40.3 | 1.08 | 25.2 | 2.7 | 3.6 | 6.1 | 38.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 40.3 | 13.2 | 194 of 241 | 20% |
| P/B | 1.1 | 1.2 | 130 of 273 | 52% |
| ROCE | 3.6 | 3.2 | 149 of 319 | 54% |
| ROE | 2.7 | 2.7 | 149 of 299 | 50% |
| Debt / Equity | 0.0 | 0.1 | 1 of 273 | 72% |
| EBITDA margin | 38.3 | 7.9 | 57 of 257 | 78% |
| Revenue growth | 34.6 | 6.9 | 77 of 255 | 70% |
| Profit growth | 64.6 | 1.2 | 102 of 296 | 66% |
| Market cap | 25 | 28 | 173 of 326 | 47% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Sep 2026 results: higher revenue and profit; UK subsidiary exits | results | high | — | — |
| 22 Oct 2026 · Board approves Q2 FY26-27 results, UK subsidiary divested | results | high | — | — |
| 15 Oct 2026 · Board meeting on Oct 22, 2026 to approve Q2 FY27 results | results | low | — | — |
| 8 Oct 2026 · Megri Soft exempt from related party transaction disclosure for H2 FY26 | compliance | minimal | — | — |
| 8 Oct 2026 · Routine SEBI compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 5 Oct 2026 · No fund raised this quarter; deviation report not applicable | compliance | minimal | — | — |
| 27 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results declaration | compliance | minimal | — | — |
| 18 Sept 2026 · Megri Soft's UK subsidiary ceases to be subsidiary after share dilution | strategic transactions | medium | — | — |
| 3 Sept 2026 · 35th AGM results: Both resolutions passed with near-unanimous approval | compliance | minimal | — | — |
| 2 Sept 2026 · 35th AGM held on Sept 2, 2026; two resolutions transacted | 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.