NSE: SAGILITY · BSE: 544282
SAGILITY LIMITED
Operates as a technology-enabled healthcare business process management (BPM) and operations partner for US healthcare payers, with 100% of revenue earned from exports. From 29 delivery centers across 5 countries, it delivers managed service and transformation deals, AI-enabled operations through its Sagility Synchrony orchestration platform, HEDIS/CMS Stars quality and reporting work, Medicare Advantage support, and seasonal open-enrollment/AEP member-facing operations. The CareSeed acquisition closed in June 2026, adding 26 mid-market client groups and HEDIS/quality reporting capability, and the company now has 109 active client groups, with nine clients contributing over $20 million in annual contract value. FY26 consolidated revenue was ₹7,192.85 crore (~$814M) and Q1 FY27 revenue reached ₹19,635 million, up 27.6% year-on-year (15.2% in constant currency). Adjusted EBITDA margin stood at 24-25.4% across the period, with voluntary attrition falling to 28.6% (from 38.1% in Q4 FY26). Employee compensation is the dominant cost line at 62.7% of revenue, with other operating expenses at 12.8% and depreciation at 6.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Managed service and transformation deals for US healthcare payers, HEDIS/CMS Stars quality, analytics and reporting for Medicare Advantage, Seasonal member-facing operations (open-enrollment / AEP). Asset-light, people-heavy BPM and technology-enabled services for US healthcare, with high operating leverage from AI/automation and sensitivity to wage and FX moves.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 5,570 | 7,193 |
| EBITDA (ex other income) | 1,298 | 1,727 |
| margin % | 23.3 | 24.0 |
| Owners' profit | 539 | 925 |
| EPS, as reported (₹) | 1.17 | 1.98 |
| ROE % · ROCE % | 6.5 · 8.9 | 9.6 · 12.5 |
| Debt / equity (x) | 0.17 | 0.12 |
| Cash from operations | 1,214 | 1,203 |
| Capex | (124) | (192) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,325 | 1,453 | 1,568 | 1,539 | 1,658 | 1,971 | 2,024 | 1,963 |
| Profit before tax | 160 | 290 | 239 | 210 | 327 | 339 | 363 | 287 |
| Net profit | 117 | 217 | 183 | 149 | 251 | 268 | 258 | 217 |
| EPS (₹) | 0.25 | 0.46 | 0.39 | 0.32 | 0.53 | 0.57 | 0.56 | 0.46 |
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. % |
|---|---|---|---|---|---|---|---|---|
| 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 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 21.7 | 17.5 | 45 of 76 | 41% |
| P/B | 2.2 | 2.2 | 37 of 70 | 48% |
| ROCE | 11.6 | 9.6 | 37 of 86 | 58% |
| ROE | 9.6 | 9.2 | 33 of 70 | 54% |
| Debt / Equity | 0.1 | 0.0 | 44 of 70 | 38% |
| EBITDA margin | 22.3 | 13.0 | 22 of 69 | 69% |
| Revenue growth | 27.6 | 20.8 | 26 of 67 | 62% |
| Profit growth | 45.9 | 14.6 | 19 of 64 | 71% |
| Market cap | 21553 | 296 | 5 of 87 | 95% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Sagility publishes September quarter and half-year results in newspapers | compliance | minimal | — | — |
| 23 Oct 2026 · Sagility sets Rs. 0.15 interim dividend and tax deduction rules | compliance | minimal | — | — |
| 23 Oct 2026 · Sagility posts Q2 FY27 investor call recording | investor communications | low | — | — |
| 22 Oct 2026 · Sagility declares ₹0.15 interim dividend for FY 2026-27 | corporate actions | high | — | — |
| 22 Oct 2026 · Sagility sets October 30 record date for Rs 0.15 interim dividend | corporate actions | high | — | — |
| 22 Oct 2026 · Sagility declares ₹0.15 interim dividend for FY 2026-27 | corporate actions | high | — | — |
| 22 Oct 2026 · Sagility Q2 FY27: Revenue up 22.5% YoY, interim dividend hiked 3x | compliance | low | — | — |
| 22 Oct 2026 · Sagility Q2 FY27: revenue up 22% YoY to Rs 2,032 cr, PAT at Rs 284 cr | results | high | — | — |
| 22 Oct 2026 · Q2 revenue rises 22.5%, adjusted EBITDA margin reaches 26.3% | investor communications | medium | — | — |
| 22 Oct 2026 · Q2 FY27 Results: Revenue up 22.5% YoY, Interim Dividend of Rs 0.15 Declared | 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.