BSE: 540174
SOUTHERN INFOCONSULTANTS LIMIT
An IT consulting firm listed on BSE under the 'Computers - Software & Consulting' classification, headquartered in New Delhi. Standalone revenue for FY26 was Rs. 1,091.73 lakhs, down 16.3% from Rs. 1,304.97 lakhs in FY25, with the decline deepening through the year: Q3 FY26 revenue of Rs. 261.39 lakhs was about 57% lower than the Rs. 609.88 lakhs reported a year earlier. On a consolidated basis that includes associate Disha Capital Services, the company moved from a Rs. 26.44 lakh profit in FY25 to a Rs. 12.34 lakh loss in FY26. Its cost structure is dominated by other operating expenses (6.1% of revenue) and employee costs (2.9%), with no materials spend and total assets of Rs. 22.283 crore. The statutory auditor qualified the FY26 accounts over non-provision for gratuity under Ind AS 19 and Rs. 443.89 lakhs of work-in-progress inventory that could not be verified. The filings do not specify which IT services, products or client segments produce the revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT consulting and software services. Small, services-oriented IT consulting firm; revenue contracting and currently loss-making
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 15 | 11 | 19 | 13 | 11 |
| EBITDA (ex other income) | (0) | (0) | 0 | 0 | (0) |
| margin % | (0.1) | (1.6) | 0.9 | 2.2 | (1.8) |
| Owners' profit | 0 | 0 | 0 | 0 | (0) |
| EPS, as reported (₹) | 0.13 | 0.16 | 0.55 | 0.53 | (0.25) |
| ROE % · ROCE % | 1.4 · 1.9 | 1.5 · 2.1 | 4.8 · 5.3 | 4.4 · 7.6 | (2.1) · (2.0) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | (0) | 3 | (3) | 1 |
| Capex | (0) | (0) | (0) | (0) | (0) |
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 | 0 | 6 | 5 | 1 | 4 | 3 | 3 | 0 |
| Profit before tax | 0 | 0 | 0 | (0) | 0 | (0) | 0 | (0) |
| Net profit | 0 | 0 | 0 | (0) | 0 | (0) | 0 | (0) |
| EPS (₹) | 0.08 | 0.19 | 0.17 | (0.49) | 0.31 | (0.18) | 0.11 | 0.39 |
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) | 31.3 | 15.0 | 52 of 65 | 20% |
| P/B | 1.7 | 2.6 | 22 of 65 | 67% |
| ROCE | (2.0) | 14.2 | 67 of 76 | 12% |
| ROE | (2.1) | 11.5 | 56 of 64 | 13% |
| Debt / Equity | 0.0 | 0.0 | 1 of 65 | 67% |
| EBITDA margin | (51.2) | 18.4 | 61 of 65 | 6% |
| Revenue growth | (51.0) | 10.6 | 59 of 63 | 7% |
| Profit growth | 19.9 | 6.7 | 20 of 62 | 69% |
| Market cap | 10 | 419 | 69 of 76 | 9% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 till Q2 results announcement | compliance | minimal | — | — |
| 28 Sept 2026 · AGM results: 32nd meeting - both resolutions passed with near-unanimous support | board shareholder meetings | low | — | — |
| 26 Sept 2026 · 32nd AGM held via video conferencing; financial statements adopted, director re-appointed | board shareholder meetings | low | — | — |
| 2 Sept 2026 · AGM notice: physical letter sent to shareholders without registered email | compliance | minimal | — | — |
| 2 Sept 2026 · Newspaper notice published for 32nd AGM, e-voting and book closure | compliance | minimal | — | — |
| 1 Sept 2026 · Southern Infoconsultants files 32nd Annual Report for FY25-26, swings to net loss | compliance | low | — | — |
| 1 Sept 2026 · 32nd AGM scheduled for September 26, 2026 via video conferencing | compliance | minimal | — | — |
| 31 Aug 2026 · Book closure dates and e-voting schedule for 32nd AGM | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Notice of Book Closure for 32nd AGM | corporate actions | 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.