BSE: 517286
RNIT AI SOLUTIONS LIMITED
Develops software and AI-based digital platforms, primarily for state government e-governance projects in education, skill development, and municipal administration. Its single reported segment is software development, AI design, development, support and maintenance. The flagship deployment is the AMAAA (Academic Monitoring & Administrative Automation Application) Portal for the State Board of Technical Education and Training, Andhra Pradesh, which currently serves approximately 100,000 students and staff. Two additional work orders from the same client — an Automated Examination Management System and an Affiliation Management System — operate on a SaaS model with three years of post-deployment support, together covering around 400,000 students. In FY26 the company reported revenue from operations of Rs 5,149.88 lakhs and net profit of Rs 1,201.73 lakhs, and it secured new project wins across Goa, Lakshadweep and Meghalaya. Employee cost was 15.4% of revenue and other operating expenses were 44.4%, while depreciation was 7.8%. Corporate operations are based in Hyderabad, with a registered office in Jaipur that the company is seeking to shift to Telangana. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software development, AI design, development, support and maintenance (100%). Small-cap, single-segment IT services company focused on AI-enabled e-governance platforms.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 32 | 51 |
| EBITDA (ex other income) | 10 | 21 |
| margin % | 31.7 | 40.2 |
| Owners' profit | 7 | 12 |
| EPS, as reported (₹) | 1.00 | 1.57 |
| ROE % · ROCE % | 9.4 · 8.8 | 8.6 · 12.0 |
| Debt / equity (x) | 0.15 | 0.13 |
| Cash from operations | (7) | 12 |
| Capex | (17) | (19) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 12 | 6 | 14 | 14 | 18 |
| Profit before tax | 3 | 1 | 4 | 5 | 6 |
| Net profit | 3 | 1 | 3 | 4 | 4 |
| EPS (₹) | 0.48 | 0.11 | 0.43 | 0.46 | 0.54 |
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. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 8,87,298 | 17.8 | 8.18 | 12.2 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,55,550 | 15.2 | 4.88 | 9.6 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,78,281 | 21.6 | 5.03 | 13.6 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,82,720 | 14.6 | 2.07 | 8.7 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,74,293 | 30.7 | 5.79 | 19.5 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,21,357 | 23.2 | 5.03 | 14.7 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 91,811 | 47.3 | 11.71 | 31.4 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 86,606 | 39.8 | 8.95 | 30.9 | 18.0 | 17.2 | 28.6 | 18.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 65.3 | 15.0 | 62 of 65 | 5% |
| P/B | 6.1 | 2.6 | 52 of 65 | 20% |
| ROCE | 11.4 | 14.2 | 47 of 76 | 39% |
| ROE | 8.6 | 11.5 | 44 of 64 | 32% |
| Debt / Equity | 0.1 | 0.0 | 42 of 65 | 36% |
| EBITDA margin | 43.8 | 18.4 | 5 of 65 | 94% |
| Revenue growth | 41.9 | 10.6 | 10 of 63 | 86% |
| Profit growth | 27.0 | 6.7 | 17 of 62 | 74% |
| Market cap | 852 | 419 | 32 of 76 | 59% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 12 Oct 2026 · RTA Compliance Certificate under SEBI Reg 74(5) for Sep 2026 Quarter | compliance | minimal | — | — |
| 6 Oct 2026 · BSE approves reclassification of three members from Promoter to Public category | ownership changes | medium | — | — |
| 3 Oct 2026 · RNIT AI Solutions appoints Patcha and Associates as internal auditor for FY27 | management changes | medium | — | — |
| 3 Oct 2026 · RNIT AI Solutions Board appoints Patcha and Associates as internal auditor for FY27 | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1, 2026 till 48 hrs after Q2 results | compliance | minimal | — | — |
| 22 Sept 2026 · RNIT AI wins APSSDC order for AI interview platform, Tier-7 above Rs 25 Cr | business updates | high | — | — |
| 28 Aug 2026 · RNIT AI signs development deal with 1FC Technology for FinTech platform | strategic transactions | medium | — | — |
| 20 Aug 2026 · RNIT AI clarifies on price movement; says no pending material info | compliance | minimal | — | — |
| 19 Aug 2026 · Exchange seeks clarification on price movement | regulatory legal | 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.