BSE: 530175
ODYSSEY TECHNOLOGIES LTD.
Develops and licenses a biometric authentication software product called 'xorkee' aimed at the fintech and banking sector for secure banking transactions. The company operates in a single segment — software product licence and related services — with FY26 revenue from operations of Rs. 2,730.18 lakhs, virtually flat versus Rs. 2,725.69 lakhs in FY25. Profit after tax for FY26 was Rs. 402.33 lakhs, down from Rs. 433.13 lakhs, with EPS at Rs. 2.53. In Q1 FY27 (quarter ended June 30, 2026), revenue from operations fell around 25% year-on-year to Rs. 573.55 lakhs, while PAT dropped to roughly Rs. 58.84 lakhs. Employee cost is the dominant expense at 72.1% of revenue, with materials at 0%, other operating expenses at 12.4% and depreciation at 6.4%. The Board has recommended a final dividend of Rs. 1 per equity share for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software product licence and related services (100%). Small-cap, single-segment software products business focused on biometric authentication
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 23 | 24 | 26 | 27 | 27 |
| EBITDA (ex other income) | 9 | 7 | 6 | 5 | 4 |
| margin % | 38.1 | 27.4 | 23.6 | 18.5 | 15.5 |
| Owners' profit | 5 | 4 | 4 | 4 | 4 |
| EPS, as reported (₹) | 2.92 | 2.77 | 2.81 | 2.73 | 2.53 |
| ROE % · ROCE % | 10.7 · 14.4 | 9.2 · 11.6 | 8.6 · 11.3 | 7.7 · 10.2 | 6.8 · 9.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 7 | 5 | 4 | 6 | 4 |
| Capex | (0) | (1) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 7 | 7 | 6 | 7 | 7 | 8 | 6 |
| Profit before tax | 0 | 2 | 2 | 1 | 1 | 1 | 2 | 0 |
| Net profit | 0 | 1 | 2 | 1 | 1 | 1 | 2 | 0 |
| EPS (₹) | 0.16 | 0.87 | 1.07 | 0.34 | 0.54 | 0.57 | 1.08 | 0.14 |
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. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 86,739 | 25.4 | 11.08 | 22.8 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 7,929 | 14.8 | 3.19 | 9.4 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 4,555 | 33.1 | 5.03 | 19.7 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 4,188 | 99.1 | 4.09 | 31.9 | 5.1 | 4.9 | — | 4.9 |
| TECHNVISION VENTURES LTD. | 2,278 | 10371.4 | 151.84 | 304.0 | 1.4 | 5.5 | 25.5 | (3.0) |
| Mobavenue AI Tech Limited | 2,087 | 16.5 | 23.05 | 43.6 | 32.4 | 30.8 | — | 21.8 |
| RAMCO SYSTEMS LTD. | 1,964 | 47.0 | 5.55 | 12.8 | 11.9 | 11.0 | 2.3 | 16.0 |
| NUCLEUS SOFTWARE EXPORTS | 1,746 | 16.6 | 1.92 | 9.9 | 12.9 | 15.2 | 11.3 | 16.9 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.7 | 18.1 | 17 of 32 | 48% |
| P/B | 1.2 | 1.5 | 14 of 38 | 65% |
| ROCE | 9.0 | 4.8 | 15 of 40 | 64% |
| ROE | 6.8 | 3.5 | 13 of 38 | 68% |
| Debt / Equity | 0.0 | 0.0 | 1 of 38 | 51% |
| EBITDA margin | 11.4 | 17.2 | 25 of 35 | 29% |
| Revenue growth | (4.6) | 9.7 | 25 of 33 | 25% |
| Profit growth | (60.0) | (12.0) | 29 of 41 | 30% |
| Market cap | 73 | 41 | 18 of 44 | 61% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board meeting set to approve September 2026 results | results | low | — | — |
| 8 Oct 2026 · Compliance certificate for Q2 FY26 under SEBI Depository Regulation 74(5) | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed from Sep 30 ahead of Q2 results declaration | compliance | minimal | — | — |
| 29 Sept 2026 · Company Secretary gets additional designation as Senior Manager - Legal | management changes | medium | — | — |
| 17 Sept 2026 · Odyssey asks physical shareholders to update PAN and KYC details | compliance | minimal | — | — |
| 30 Jul 2026 · Odyssey Technologies Q1 FY26 profit drops 60 percent YoY | compliance | minimal | — | — |
| 29 Jul 2026 · Q1 FY27 revenue drops about 25 percent YoY to Rs.5.74 cr | results | high | — | — |
| 29 Jul 2026 · Board approves Q1 FY27 results, clean auditor review | results | high | — | — |
| 21 Jul 2026 · Board meeting on 29 July 2026 to consider Q1 FY27 unaudited financial results | results | low | — | — |
| 14 Jul 2026 · Quarterly compliance certificate for dematerialisation of securities | 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.