NSE: ORIENTTECH · BSE: 544235
ORIENT TECHNOLOGIES LTD
Delivers IT infrastructure solutions and managed services to enterprise and government customers in India, organised into two reportable segments: IT Infrastructure and Application Services (51.9% of FY26 segment revenue at Rs 451.17 cr) and IT Infrastructure Solution (48.1% at Rs 418.37 cr). The Application Services segment covers cloud, data management and managed services, while the Solution segment covers IT hardware, networking, data centres and device-as-a-service. Q3 FY26 revenue was Rs 198.23 cr, down 4.17% YoY, due to global semiconductor shortages and the loss of a large hyperscale telecom client. FY26 full-year revenue was Rs 869.54 cr with an EBITDA margin of 2.93%, and the FY27 order book stands at approximately Rs 400 cr. A new 24x7 service delivery centre at Turbhe, Navi Mumbai has gone live with NOC and SOC operations, and management plans to scale these over the next two to three years. The FY26 cost shape lists employees at 6.7% of revenue, other operating expenses at 3.9% and depreciation at 1.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT Infrastructure and Application Services (52%), IT Infrastructure Solution (48%). IT infrastructure and managed services with a mix of project-based and growing annuity revenue
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 870 |
| EBITDA (ex other income) | 20 |
| margin % | 2.3 |
| Owners' profit | 5 |
| EPS, as reported (₹) | 1.00 |
| ROE % · ROCE % | 1.4 · 3.3 |
| Debt / equity (x) | 0.18 |
| Cash from operations | (19) |
| Capex | (63) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 200 | 184 | 202 |
| Profit before tax | (20) | (7) | 7 |
| Net profit | (15) | (5) | 5 |
| EPS (₹) | (3.20) | (1.09) | 1.13 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| IT Infrastructure Solution | 189 | 49.3 |
| IT Infrastructure and Application Services | 195 | 50.7 |
| Total, before eliminations | 384 | 100.0 |
Exhibit 4: 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 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 2.6 | 2.2 | 43 of 70 | 39% |
| ROCE | 1.8 | 9.6 | 70 of 86 | 19% |
| ROE | 1.4 | 9.2 | 55 of 70 | 22% |
| Debt / Equity | 0.2 | 0.0 | 50 of 70 | 29% |
| EBITDA margin | 7.6 | 13.0 | 53 of 69 | 24% |
| Market cap | 873 | 296 | 31 of 87 | 65% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to approve September quarter results and consider interim dividend | results | low | — | — |
| 19 Oct 2026 · Orient Technologies updates Fair Disclosure Code under SEBI insider trading rules | compliance | minimal | — | — |
| 8 Oct 2026 · RTA confirms Q2 FY27 dematerialisation compliance filing | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closure for Q2 FY27 results | compliance | minimal | — | — |
| 24 Sept 2026 · Orient Technologies 29th AGM results: both resolutions passed with near-unanimous support | compliance | minimal | — | — |
| 23 Sept 2026 · Orient Technologies management to attend Bharat Connect Conference on Sep 29 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · 29th AGM of Orient Technologies concluded on Sep 23, 2026 | board shareholder meetings | medium | — | — |
| 10 Sept 2026 · Orient Tech expands cybersecurity with USD 3.15M Securonix contract | compliance | low | — | — |
| 2 Sept 2026 · Orient Technologies informs about dispatch of 29th AGM notice and Annual Report | compliance | minimal | — | — |
| 1 Sept 2026 · Orient Technologies FY26 Annual Report: services up 33 percent, profit falls sharply | results | high | — | — |
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.