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STRING METAVERSE LIMITED

Information Technology › IT - Services
₹6.80
at close · 9 Oct 2026
▼ 0.17 (-2.44%)

Latest filings

  1. String Metaverse Chairman Dr S Ravi resigns from board · Management Changes
  2. Chairman Dr S Ravi resigns from String Metaverse board · Management Changes
  3. Trading window closed pending Q2 FY26 results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as a Web3 enterprise that monetises the on-chain economy through gaming, tokenised real-world assets (RWA), Web3 infrastructure, high-frequency trading (HFT), and global payment rails. In FY26, the Gaming - IT Services segment carried the bulk of revenue, with the segment trend showing quarterly gaming revenue rising from ₹175.20 crore in Q1 FY26 to ₹358.30 crore in Q4 FY26. A separately tracked HFT line recorded ₹1.10 crore in Q4 FY26, with HFT revenues of ₹23.67 crore in Q1 FY26 and ₹28.29 crore in Q2 FY26. The company's cost structure is dominated by materials at 87.2% of revenue, while employee cost is just 0.7% of revenue. Beyond gaming, the company has launched BillsOnChain — a blockchain billing platform on the Hedera network built with Switzerland-based Hashgraph Group — and is rolling out the String Pay X Visa-backed debit card. It is licensed across Canada, UAE, Hong Kong, Singapore, India and the UK, and has flagged plans to build a 100MW AI data centre.

Operating scale
Ecosystem active users
5.2M+FY26
DeFi / tokenised asset volumes
$220M+FY26
Derivatives trading volume
$4B+FY26
BillsOnChain wallet users
31,000+Beta launch, July 2026
BillsOnChain on-chain receipts
830,000+Beta launch, July 2026
BillsOnChain NFTs minted
430,000+Beta launch, July 2026
Who pays it
Web3 gamers, blockchain-billing users, derivatives traders, and on-chain payments users across multiple geographies.
Biggest cost
Materials at 87.2% of revenue — likely technology infrastructure, cloud, blockchain transaction fees and payments processing.
Kind of business
Web3 / blockchain-focused, asset-light on staff but heavy on tech infrastructure and processing costs.
Where it sits
Licensed across Canada, UAE, Hong Kong, Singapore, India and the UK; building a 100MW AI data centre and partnering with Hedera (BillsOnChain) and Visa (String Pay X card).
Market Cap
₹812 Cr
P / E (TTM)
1.1×
EV / EBITDA
6.4×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
30.7%▲
ROCE (FY26)
ROE 30.9% · margin 11.4%
Leverage
0.00·
Debt / Equity · low
Net cash ₹27 Cr
Revenue FY19→FY26
107.3×▲
Margin +3.6 pts
₹10 Cr → ₹1,069 Cr
Cash conversion
1.65×▲
Operating cash ÷ profit · 4 yrs
₹197 Cr on ₹120 Cr
Moves on a normal day
3.89%·
Median daily move
Last 201 sessions · the yardstick for filing-day moves
Where it sits among 87 IT Enabled Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/76
P/B#40/70
ROCE#5/86
ROE#3/70
Debt / Equity#20/70
EBITDA margin#38/69
Revenue growth#6/67
Profit growth#7/64

Scorecard

Measured from the filed financials, judged against its IT Enabled Services peers · as of FY26 — not investment advice

Strengths
Returns on capital 30.7%
#5 of 86 in IT Enabled Services on the latest reported figures · up from 1.1% in FY19
Debt at 0.00× equity
lower than 73% of its 70 IT Enabled Services peers
Over 4 years it reported ₹120 Cr of profit and ₹197 Cr of operating cash — 1.65×
Profit is converting into cash
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from STRING METAVERSE LIMITED's filed financials and exchange disclosures

What does STRING METAVERSE LIMITED do?

STRING METAVERSE LIMITED is a IT - Services company listed on BSE.

Is STRING METAVERSE LIMITED profitable?

Yes. Over the trailing twelve months STRING METAVERSE LIMITED reported a net profit of ₹103 Cr on revenue of ₹1,069 Cr.

Does STRING METAVERSE LIMITED pay a dividend?

Not in the latest reported year — STRING METAVERSE LIMITED's dividend payout for FY26 was nil.

Is STRING METAVERSE LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹0.08 Cr on its 31 Mar 2026 balance sheet, but holds ₹27 Cr more cash than debt.

Is STRING METAVERSE LIMITED expensive compared with its peers?

On trailing P/E, STRING METAVERSE LIMITED ranks 3 of 76 in IT Enabled Services — cheaper than 97% of them, against an industry median of 18.5×. This is a position, not a valuation judgement.

How much does the STRING METAVERSE LIMITED share price move in a day?

On a typical session STRING METAVERSE LIMITED moves 3.89% — that is the median absolute close-to-close move across its last 201 trading days. MarketPing measures each filing's price reaction against it.

Where can I track STRING METAVERSE LIMITED's announcements?

Every NSE and BSE filing by STRING METAVERSE LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.