An IT-enabled services business listed on the BSE SME platform, with FY26 consolidated revenue of Rs. 17.5257 crore, up 11.27% year-on-year. Costs are dominated by employee expenses of Rs. 9.5317 crore (54.4% of revenue) and other operating expenses of Rs. 3.6626 crore (20.9% of revenue), with no material input costs, reflecting a pure services cost structure. Capital expenditure is minimal at 0.1% of revenue. On a consolidated basis, the company swung to a loss of Rs. 501.89 lakh in FY26 versus a profit of Rs. 27.71 lakh the prior year, with negative operating cash flow of Rs. 445.96 lakh, and long-term borrowings rose from Rs. 57.52 lakh to Rs. 377.26 lakh. Total assets stand at Rs. 18.6696 crore. The company is shifting its registered office from Maharashtra to Uttar Pradesh and operates on a small scale relative to mainstream IT services peers. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. IT-Enabled Services. Labour-intensive, low-asset IT services business with negligible materials and capex
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 17 | 17 | 16 | 16 | 18 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.16 | (0.38) | (0.03) | 0.12 | 13.98 |
| ROE % · ROCE % | — · 4.2 | — · (8.7) | — · (10.7) | — · 2.2 | — · (29.3) |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 2 | 0 | 0 | 0 | (4) |
| Capex | — | — | — | (1) | (0) |
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 17 | 7 | 8 | 8 | 8 | 7 | 10 |
| Profit before tax | (0) | (1) | (0) | (1) | 0 | (0) | (0) | (4) |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (0.09) | (0.38) | (0.03) | (0.41) | 0.12 | 0.04 | 0.01 | 13.84 |
| 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 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Annual Report FY2025-26 with AGM Notice for September 30, 2026 | results | high | — | — |
| 8 Sept 2026 · Notice of 21st AGM approved, scheduled for 30 September 2026 via VC/OAVM | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Octaware Technologies appoints Venkatesan Devanathan as new CFO | management changes | medium | — | — |
| 8 Sept 2026 · Independent Director Ms Vidya Hemakar Shetty resigns | management changes | medium | — | — |
| 8 Sept 2026 · Octaware Technologies appoints JBK and Associates as new statutory auditor | management changes | medium | — | — |
| 20 Aug 2026 · CFO of Octaware Technologies resigns | management changes | high | — | — |
| 20 Aug 2026 · Octaware Technologies appoints Biswajit Das as Internal Auditor for FY26-27 | management changes | medium | — | — |
| 20 Aug 2026 · Octaware Technologies appoints R and D Company Secretaries as Secretarial Auditor | management changes | medium | — | — |
| 20 Aug 2026 · Independent Director Ms Rabia Khan resigns from Octaware Technologies | management changes | high | — | — |
| 20 Aug 2026 · Octaware appoints Divya Mittal as independent director | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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) | 4.2 | 18.9 | 9 of 78 | 90% |
| ROCE | (30.5) | 9.7 | 86 of 87 | 1% |
| Revenue growth | 24.2 | 20.8 | 29 of 67 | 58% |
| Market cap | 21 | 309 | 82 of 87 | 6% |
| 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 |
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.
