BSE: 544441
META INFOTECH LIMITED
Provides cybersecurity solutions to enterprise customers in India, operating as a value-added reseller of cybersecurity software and a provider of related services. Sells subscriptions and licences from approximately 12 cybersecurity vendors — expanded from 2 during FY26 — covering cloud security, SASE, EDR, SIEM, identity and access management, AI security, OT security and post-quantum cryptography, and earns services revenue from implementation, managed security and sustenance work for those deployments. Customer base spans 87 enterprise clients across 15+ industries including BFSI, manufacturing, pharma and FMCG, with a single large private bank accounting for 50-55% of FY26 revenue. FY26 revenue was INR270 crore, up 23% year-on-year, against an order book of INR506 crore as of May 2026 (around 1.9x annual revenue) providing roughly three-year execution visibility. Services contributed 75% of FY26 EBIT, and the services revenue mix is targeted to rise from 13% to 25-30% over three years, while the low-margin product business (under 5% margin) is being de-emphasised. Employee cost was 9% of revenue in FY26, with 309 employees of which 90% hold core technical expertise, targeted to grow to 350-375 by March 2027. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cybersecurity product reselling (87%), Cybersecurity services (13%). Asset-light cybersecurity value-added reseller and services provider with subscription-based recurring revenue and high customer concentration.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 270 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 5.87 |
| ROE % · ROCE % | — · 22.2 |
| Debt / equity (x) | — |
| Cash from operations | (5) |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 210 | 60 |
| Profit before tax | 14 | 1 |
| Net profit | — | — |
| EPS (₹) | 5.63 | 0.24 |
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. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 44,149 | 33.4 | 6.80 | 20.4 | 19.7 | 21.1 | 15.1 | 19.6 |
| INVENTURUS KNOWLEDGE SO L | 29,130 | 37.4 | 10.40 | 26.5 | 25.8 | 27.7 | — | 33.6 |
| TATA TECHNOLOGIES LIMITED | 26,718 | 48.0 | 6.81 | 29.0 | 13.9 | 14.3 | — | 18.3 |
| NETWEB TECH INDIA LTD | 24,780 | 94.8 | 34.26 | — | 28.5 | 37.5 | — | 15.7 |
| SAGILITY LIMITED | 21,553 | 21.7 | 2.23 | 12.2 | 9.6 | 11.6 | — | 22.3 |
| AFFLE 3I LIMITED | 19,072 | 39.9 | 5.22 | 26.0 | 12.5 | 15.2 | 39.3 | 25.8 |
| BLACK BOX LIMITED | 14,377 | 61.6 | 11.17 | 28.6 | 16.9 | 9.5 | 6.2 | 8.4 |
| CYIENT LIMITED | 13,177 | 34.6 | 2.14 | 11.9 | 7.5 | 9.7 | 12.0 | 13.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.6 | 17.5 | 21 of 76 | 73% |
| ROCE | 19.6 | 9.6 | 19 of 86 | 79% |
| Market cap | 106 | 296 | 56 of 87 | 36% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Managing Director featured in Forbes India Bharat ChangeMakers 2026 | compliance | minimal | — | — |
| 5 Oct 2026 · RTA submits quarterly demat/remat certificate for Jul-Sep 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Meta Infotech bags fresh and renewal orders worth Rs. 7.82 crores | business updates | medium | — | — |
| 25 Sept 2026 · 28th AGM: all four resolutions passed with near unanimous approval | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 28th AGM: All 4 resolutions passed, IPO fund use deadline extended | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1, 2026 until half-year results | compliance | minimal | — | — |
| 21 Sept 2026 · Meta Infotech to meet analysts at Arihant Capital conference on Sep 25 | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Meta Infotech to meet Noble Minds Wealth Fund on September 24, 2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Meta Infotech schedules analyst meeting on September 9, 2026 with Elios Financial Services | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Meta Infotech 28th AGM on Sep 25, e-voting facility announced | compliance | minimal | — | — |
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.