Operates as a single-segment software consultancy and technology services company, with FY26 consolidated revenue of Rs 37.54 crore and an EBITDA margin of 22.1%. In Q3 FY26 the standalone business brought in Rs 724.88 lakhs of revenue from operations, down about 9.4% from Rs 799.86 lakhs a year earlier, and the company slipped into a standalone loss after tax of Rs 188.31 lakhs in that quarter. Two existing subsidiaries — Markets on Cloud and Sutra Software Services — reported NIL revenue, so the consolidated and standalone results are effectively the same. The largest cost line is other operating expenses at 52.1% of revenue, followed by employee costs at 29.2% and depreciation at 12.3%; capex ran at 22.2% of revenue in FY26. The Board has approved plans to invest up to Rs 15 crore into a new Account Aggregator NBFC (NBFC-AA) under RBI rules, and up to Rs 10 crore into a GIFT City (IFSC) trustee-license entity, with the proposed AA subsidiary named SecMark Financial Aggregation Private Limited. Borrowings nearly doubled to Rs 1,285.48 lakhs in FY26 from Rs 656 lakhs the year before. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Software consultancy and technology services. Small, single-segment IT consultancy with dormant subsidiaries, currently diversifying into RBI-regulated Account Aggregator and IFSCA-regulated trustee businesses.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 15 | 17 | 25 | 35 | 38 |
| EBITDA (ex other income) | — | — | 1 | 9 | 7 |
| margin % | — | — | 5.0 | 26.5 | 18.7 |
| Owners' profit | — | — | (2) | 4 | 0 |
| EPS, as reported (₹) | 6.39 | (5.03) | (2.28) | 4.13 | 2.46 |
| ROE % · ROCE % | — · 14.9 | — · (35.9) | (15.2) · (13.2) | 20.9 · 29.0 | 11.0 · 15.3 |
| Debt / equity (x) | — | — | 0.69 | 0.32 | 0.55 |
| Cash from operations | 4 | (5) | 4 | 4 | 12 |
| Capex | — | — | (0) | (0) | (8) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 8 | 12 | 7 | 9 | 7 | 14 | 10 |
| Profit before tax | 0 | (0) | 5 | (1) | 1 | (3) | 6 | (0) |
| Net profit | 0 | (0) | 4 | (1) | 1 | (2) | 4 | (0) |
| EPS (₹) | 0.20 | (0.01) | 3.78 | (0.87) | 0.83 | (1.81) | 4.30 | (0.18) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper publication of 15th AGM notice | compliance | minimal | — | — |
| 8 Sept 2026 · AGM notice and annual report web link sent to shareholders without registered email | compliance | minimal | — | — |
| 8 Sept 2026 · AGM Notice and Annual Report FY26 submitted | board shareholder meetings | low | — | — |
| 8 Sept 2026 · SecMark 15th AGM notice and FY26 annual report filed; key resolutions on agenda | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Newspaper publication of 15th AGM notice | compliance | minimal | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 12 Aug 2026 · SecMark incorporates wholly owned subsidiary for account aggregator business | strategic transactions | medium | — | — |
| 12 Aug 2026 · Board approves amalgamation of two group companies into SecMark Consultancy | strategic transactions | high | — | — |
| 12 Aug 2026 · Q1 FY27 results: revenue up 55% YoY, loss narrows; scheme of amalgamation approved | strategic transactions | high | — | — |
| 6 Aug 2026 · Board meeting on Aug 12, 2026 to consider Q1 FY27 results | results | low | — | — |
| 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 |
| TECH MAHINDRA LIMITED |
| 1,51,018 |
| 26.6 |
| 5.02 |
| 16.9 |
| 16.0 |
| 18.8 |
| 8.5 |
| 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 46.0 | 16.6 | 64 of 71 | 10% |
| P/B | 6.5 | 2.9 | 52 of 64 | 19% |
| ROCE | 14.3 | 14.2 | 39 of 78 | 51% |
| ROE | 11.0 | 11.5 | 37 of 67 | 46% |
| Debt / Equity | 0.6 | 0.0 | 59 of 68 | 13% |
| EBITDA margin | 13.4 | 18.4 | 42 of 65 | 36% |
| Revenue growth | 55.5 | 10.6 | 8 of 63 | 89% |
| Profit growth | 79.3 | 6.7 | 8 of 62 | 89% |
| Market cap | 151 | 475 | 50 of 75 | 34% |
| 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 |
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.
