BSE: 538273
RESPONSE INFORMATICS LTD
Operates as a software products and IT services group, classified under IT - Software, with most of its revenue generated through subsidiaries rather than the standalone entity. On a consolidated basis, FY26 revenue was Rs. 2,630.97 lakh (down 21.7% YoY from Rs. 3,358.14 lakh), while the standalone parent contributed only Rs. 879.63 lakh, indicating that subsidiary operations drive the bulk of the top line. Its two disclosed subsidiaries are Technologia Corporation Inc. (US-based) and Datalabs AI Private Limited, an AI services and software development firm incorporated in January 2024, which the parent made a wholly owned subsidiary in February 2026 by acquiring the remaining 33.33% stake. The cost structure is dominated by employee costs at 76.1% of revenue, with other operating expenses at 15.9%, depreciation at 0.8%, and capex at 0.2%, consistent with a services-led IT model. Consolidated FY26 net profit was Rs. 183.74 lakh, almost flat YoY, though operating cash flow was negative at Rs. 129.28 lakh for the second consecutive year and cash reserves fell sharply to Rs. 0.14 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Standalone operations (parent entity), Subsidiary operations, AI services and software development. Small-cap IT software products and services company whose economics are driven by people costs rather than physical inputs or capital expenditure.
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 11 | 34 | 34 | 26 |
| EBITDA (ex other income) | 1 | 3 | 2 | 2 |
| margin % | 6.3 | 7.8 | 6.5 | 7.5 |
| Owners' profit | 0 | 2 | 2 | 2 |
| EPS, as reported (₹) | 0.83 | 2.94 | 2.58 | 2.53 |
| ROE % · ROCE % | 11.4 · 10.8 | 28.7 · 26.7 | 11.5 · 12.5 | 9.3 · 10.2 |
| Debt / equity (x) | 0.29 | 0.25 | 0.06 | 0.09 |
| Cash from operations | (1) | 0 | (2) | (3) |
| Capex | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 9 | 8 | 6 | 6 | 7 | 7 | 6 |
| Profit before tax | 1 | 1 | 0 | 0 | (0) | 1 | 1 | 1 |
| Net profit | 0 | 0 | 0 | 1 | (0) | 0 | 0 | 1 |
| EPS (₹) | 0.60 | 0.54 | 0.63 | 0.82 | (0.08) | 0.39 | 0.57 | 1.64 |
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. | 90,480 | 26.5 | 11.56 | 23.7 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 6,551 | 12.3 | 2.63 | 7.6 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 4,785 | 34.8 | 5.29 | 20.7 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 4,403 | 104.1 | 4.30 | 33.5 | 5.1 | 4.9 | — | 4.9 |
| TECHNVISION VENTURES LTD. | 2,767 | 12600.0 | 184.46 | 369.6 | 1.4 | 5.5 | 25.5 | (3.0) |
| Mobavenue AI Tech Limited | 2,276 | 18.0 | 25.14 | 47.6 | 32.4 | 30.8 | — | 21.8 |
| RAMCO SYSTEMS LTD. | 2,023 | 48.4 | 5.72 | 13.2 | 11.9 | 11.0 | 2.3 | 16.0 |
| NUCLEUS SOFTWARE EXPORTS | 1,606 | 15.2 | 1.77 | 9.1 | 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) | 7.7 | 19.6 | 7 of 32 | 81% |
| P/B | 0.8 | 1.7 | 11 of 38 | 73% |
| ROCE | 9.9 | 4.8 | 12 of 40 | 72% |
| ROE | 9.3 | 3.5 | 11 of 38 | 73% |
| Debt / Equity | 0.1 | 0.0 | 25 of 38 | 35% |
| EBITDA margin | 18.4 | 17.2 | 16 of 35 | 56% |
| Revenue growth | (0.1) | 9.7 | 22 of 33 | 34% |
| Profit growth | 120.5 | (12.0) | 8 of 41 | 83% |
| Market cap | 16 | 42 | 28 of 44 | 37% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Oct 2026 · Response Informatics 29th AGM: All 10 resolutions passed with 99.83% majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Response Informatics 29th AGM held Sept 29, 2026, 10 resolutions passed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 8 Sept 2026 · 29th AGM notice and e-voting information published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Response Informatics 29th AGM on Sept 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Response Informatics submits 29th Annual Report; AGM on Sep 29 | investor communications | medium | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Mixed Performance; Buys Remaining Stake in Datalabs AI | strategic transactions | high | — | — |
| 13 Aug 2026 · Response Informatics Q1 results, acquires 100% stake in Datalabs AI | strategic transactions | high | — | — |
| 13 Aug 2026 · Q1 FY27 results; acquires remaining 33.3 percent in Datalabs AI as wholly owned unit | strategic transactions | high | — | — |
| 3 Aug 2026 · Board meeting on Aug 13 to consider Q1 FY26 results | results | low | — | — |
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.