BSE: 543352
PlatinumOne Business Services
Operates a business services and BPO/KPO business, classified under India's services sector and listed on BSE. Operations are people-intensive — employee costs dominate the cost stack — with negligible raw-material use and modest capex. The company is small in scale and registered in Thane, Maharashtra. FY26 results were lifted by a one-time property sale, with the board flagging an above-policy dividend as a non-recurring payout funded by that sale. Three key managerial remuneration revisions (for the Managing Director, Executive Director, and Director & CFO) were approved by the board during the year, subject to shareholder approval. The board also inducted a new Independent Director (Jayalakshmi Jairam) and appointed a new Company Secretary (Rita Gupta) in FY26. The company is led by Managing Director Amey Saxena, Executive Director Ratul Lahiri, and Director and CFO Vivek Kumar. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Business services / BPO-KPO. People-intensive, small-cap BPO/KPO services
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 26 | 26 | 30 | 32 |
| EBITDA (ex other income) | — | 3 | 2 | — | — |
| margin % | — | 12.8 | 8.8 | — | — |
| Owners' profit | — | 2 | 1 | — | — |
| EPS, as reported (₹) | 16.32 | 14.53 | 14.53 | 9.83 | 22.65 |
| ROE % · ROCE % | — · 26.7 | 16.4 · 22.1 | 9.8 · 12.7 | — · 13.3 | — · 24.1 |
| Debt / equity (x) | — | 0.00 | 0.00 | — | — |
| Cash from operations | 5 | 3 | 2 | 2 | 2 |
| Capex | — | 0 | (1) | 0 | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 12 | 0 | 13 | 16 | 15 | 15 | 17 |
| Profit before tax | 1 | 1 | 0 | 1 | 2 | 0 | 1 | 4 |
| Net profit | — | 1 | 0 | 1 | — | — | — | — |
| EPS (₹) | 6.97 | 6.97 | 0.00 | 5.35 | 8.91 | 0.92 | 4.30 | 18.35 |
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. % |
|---|---|---|---|---|---|---|---|---|
| FIRSTSOURCE SOLU. LTD. | 21,474 | 31.7 | 4.90 | 15.8 | 15.4 | 14.5 | 13.5 | 14.2 |
| ECLERX SERVICES LTD | 17,162 | 15.8 | 6.69 | 14.3 | 27.6 | 31.3 | 21.4 | 24.6 |
| RPSG VENTURES LIMITED | 2,733 | — | 0.62 | 5.7 | 0.0 | 1.6 | 15.1 | 19.0 |
| ONE POINT ONE SOL LTD | 1,889 | 42.0 | 4.08 | 22.4 | 8.3 | 7.0 | — | 24.9 |
| HINDUJA GLOBAL SOLS. LTD. | 1,549 | — | 0.18 | 3.6 | 0.1 | (0.8) | (5.1) | 11.1 |
| ALLDIGI TECH LIMITED | 1,241 | 14.5 | 4.94 | 7.1 | 32.8 | 23.4 | 16.7 | 29.5 |
| NSB BPO Solutions Limited | 54 | 3.6 | — | — | — | 6.0 | — | — |
| WE WIN LIMITED | 46 | 16.7 | 1.49 | 7.4 | 14.3 | 10.0 | — | 6.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.3 | 15.2 | 2 of 8 | 86% |
| ROCE | 22.4 | 7.0 | 3 of 11 | 80% |
| Revenue growth | 29.5 | 22.9 | 3 of 9 | 75% |
| Market cap | 22 | 1241 | 10 of 11 | 10% |
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 to approve half-year results on 6 November 2026 | results | low | — | — |
| 26 Oct 2026 · No shareholder share-conversion requests in September 2026 quarter | compliance | minimal | — | — |
| 28 Sept 2026 · Insider trading window closed from Oct 1 ahead of H2 results | compliance | minimal | — | — |
| 7 Aug 2026 · 18th AGM 2026: All 7 resolutions passed, 40% final dividend declared | board shareholder meetings | low | — | — |
| 7 Aug 2026 · 18th AGM Proceedings: Final Dividend at 40pct, Director Re-appointments | board shareholder meetings | medium | — | — |
| 20 Jul 2026 · AGM Notice Published; Meeting Scheduled for 7 August 2026 | compliance | minimal | — | — |
| 20 Jul 2026 · Reg 74(5) certificate filed; regulation not applicable for Q1FY27 | compliance | minimal | — | — |
| 20 Jul 2026 · Newspaper publication of AGM notice for 07 August 2026 meeting | compliance | minimal | — | — |
| 17 Jul 2026 · Book closure from 1-7 Aug 2026 for 18th AGM | board shareholder meetings | low | — | — |
| 17 Jul 2026 · Record date fixed at 31 July 2026 for FY26 final dividend | corporate actions | 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.