Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · T.SPIRITUAL WORLD LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
T.SPIRITUAL WORLD LTD.
BSE: 532444
BSE: 532444
Information Technology › Information Technology › IT - Software › Software Products
T.SPIRITUAL WORLD LTD.
StateQ4 FY26 filed
Last close · 28 Oct 2026₹1.53
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA— · 2.64 · —
T.SPIRITUAL WORLD LTD. is a IT - Software company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (1) | (0) | (0) | (0) | (0) |
| EPS, as reported (₹) | (0.59) | (0.09) | (0.10) | (0.10) | (0.08) |
| ROE % · ROCE % | (61.9) · (61.9) | (10.6) · (10.6) | (12.6) · (12.6) | (15.1) · (15.1) | (14.5) · (14.5) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | 0 | (0) | 0 | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · T.SPIRITUAL WORLD LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| EPS (₹) | (0.05) | (0.02) | (0.01) | (0.02) | (0.05) | (0.02) | 0.00 | (0.02) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 86,739 | 25.4 | 11.08 | 22.8 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 7,929 | 14.8 | 3.19 | 9.4 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 4,555 | 33.1 | 5.03 | 19.7 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 4,188 | 99.1 | 4.09 | 31.9 | 5.1 | 4.9 | — | 4.9 |
| TECHNVISION VENTURES LTD. | 2,278 | 10371.4 | 151.84 | 304.0 | 1.4 | 5.5 | 25.5 | (3.0) |
| Mobavenue AI Tech Limited | 2,087 | 16.5 | 23.05 | 43.6 | 32.4 | 30.8 | — | 21.8 |
| RAMCO SYSTEMS LTD. | 1,964 | 47.0 | 5.55 | 12.8 | 11.9 | 11.0 | 2.3 | 16.0 |
| NUCLEUS SOFTWARE EXPORTS | 1,746 | 16.6 | 1.92 | 9.9 | 12.9 | 15.2 | 11.3 | 16.9 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 2.6 | 1.5 | 26 of 38 | 32% |
| ROCE | (14.5) | 4.8 | 38 of 40 | 5% |
| ROE | (14.5) | 3.5 | 36 of 38 | 5% |
| Debt / Equity | 0.0 | 0.0 | 1 of 38 | 51% |
| Profit growth | 9.6 | (12.0) | 17 of 41 | 60% |
| Market cap | 3 | 41 | 41 of 44 | 7% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · T.SPIRITUAL WORLD LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Board to approve Q2 and half-year results on 3 November 2026 | results | low | — | — |
| 14 Oct 2026 · Routine share transfer compliance certificate for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Newspaper ad on SEBI physical share demat window for shareholders | compliance | minimal | — | — |
| 18 Sept 2026 · T.Spiritual World: New Company Secretary appointed, previous one resigns | management changes | medium | — | — |
| 18 Sept 2026 · New Company Secretary appointed after resignation of Nikita Roy | management changes | medium | — | — |
| 18 Sept 2026 · Company Secretary resigns, replacement appointed | management changes | high | — | — |
| 8 Sept 2026 · Board Meeting on 18 Sep 2026, Trading Window Closed | compliance | minimal | — | — |
| 8 Sept 2026 · Board Meet on 18 Sept to Address Company Secretary Resignation | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Company Secretary Nikita Roy resigns effective 18 Sep 2026 | management changes | medium | — | — |
| 26 Aug 2026 · AGM 2026: Both resolutions passed with 99 percent votes in favour | board shareholder meetings | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in