Classified as an IT software and consulting company, Orchasp Limited operates in the computers-software space with FY26 revenue from operations of Rs 2,125.62 lakhs. Its publicly disclosed product is INDUSAYUSH, an electronic health records (EHR) platform that received approval for distribution on the Apple App Store in February 2026. The company holds three foreign subsidiaries, all described as non-operational, and recently transferred a Rs 6,825 lakh investment in a Portuguese subsidiary (facing cancellation of registration) to a new US entity called Orchasp Inc. Staff costs dominate the cost structure at 104.1% of revenue, meaning employee expenses alone exceed operating revenue, while materials at 0.2% of revenue and depreciation at 0.2% are negligible. Operating cash flow was negative at Rs 420.15 lakhs in FY26, against cash reserves of Rs 31.37 lakhs. The company returned to a net profit of Rs 105.20 lakhs in FY26 after a net loss of Rs 1,052.35 lakhs in FY25, though the auditors issued a qualified opinion for the fourth consecutive year. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. INDUSAYUSH electronic health records (EHR) platform, Other IT software and consulting services. Very small, employee-heavy IT software and consulting company with a single named product
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 37 | 23 | 13 | 21 | 21 |
| EBITDA (ex other income) | 0 | (4) | 1 | (11) | (3) |
| margin % | 0.2 | (15.4) | 5.5 | (51.6) | (13.4) |
| Owners' profit | 0 | 0 | 1 | 0 | 0 |
| EPS, as reported (₹) | 0.01 | 0.03 | 0.03 | (0.42) | 0.00 |
| ROE % · ROCE % | 0.1 · 0.8 | 0.3 · 1.2 | 0.6 · 1.4 | (9.4) · (9.2) | 0.9 · 0.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (12) | 0 | 0 | (16) | (4) |
| Capex | 0 | (0) | (0) | (0) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 6 | 7 | 8 | 8 | 4 | 2 | 2 |
| Profit before tax | (14) | 1 | 3 | 1 | 0 | 0 | (0) | 0 |
| Net profit | (14) | 1 | 3 | 1 | 0 | 0 | 0 | 0 |
| EPS (₹) | (0.37) | 0.01 | (0.42) | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Orchasp 32nd AGM notice published; e-voting Sep 27 to 29 | compliance | minimal | — | — |
| 7 Sept 2026 · 32nd Annual Report for FY 2025-26 dispatched; AGM on September 30 | results | high | — | — |
| 7 Sept 2026 · Orchasp Limited book closure for 32nd AGM from Sept 24 to Sept 30, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Orchasp 32nd AGM set for September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Orchasp Board Okays 3 Director Appointments and Rs 7.11 Cr Preferential Issue to Promoter | fund raising | high | — | — |
| 31 Aug 2026 · Board approves converting promoter loan into 1.5 crore equity shares | fund raising | high | — | — |
| 31 Aug 2026 · Board approves 3 director appointments and promoter group preferential issue | management changes | medium | — | — |
| 24 Aug 2026 · Board meeting on Aug 31 to approve director appointments and preferential share issue | management changes | medium | — | — |
| 12 Aug 2026 · Orchasp Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Orchasp Q1 results: auditor flags qualified opinion, revenue drops 73% | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| TECH MAHINDRA LIMITED |
| 1,51,018 |
| 26.6 |
| 5.02 |
| 16.9 |
| 16.0 |
| 18.8 |
| 8.5 |
| 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 47.3 | 16.6 | 65 of 71 | 9% |
| P/B | 0.4 | 2.9 | 2 of 64 | 98% |
| ROCE | 0.9 | 14.2 | 64 of 78 | 18% |
| ROE | 0.9 | 11.5 | 52 of 67 | 23% |
| Debt / Equity | 0.0 | 0.0 | 4 of 68 | 64% |
| EBITDA margin | 14.1 | 18.4 | 41 of 65 | 38% |
| Revenue growth | (73.1) | 10.6 | 61 of 63 | 3% |
| Profit growth | (48.4) | 6.7 | 50 of 62 | 20% |
| Market cap | 49 | 475 | 62 of 75 | 18% |
| 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.
