BSE: 544471
TAKYON NETWORKS LIMITED
Supplies, installs, and maintains enterprise IT infrastructure — networking gear (switches, firewalls, load balancers), compute and storage hardware, CCTV systems, and ICT-enabled audio-visual classrooms — for government and public-sector buyers. Work orders on file include IT network upgrades and active network components for Hindustan Aeronautics Limited, CCTV for four stations under North Central Railway (Agra Division), an annual maintenance contract for equipment and connectivity across 117 jails and courts for BSNL, a four-year telecom AMC with RDSO Lucknow, AV classroom modernisation for IIIT Allahabad, and a link load balancer with anti-DDoS for Skynet Services. Revenue is project-based (supply, installation, testing, and commissioning) plus recurring multi-year AMCs, with FY26 revenue of Rs 71.05 cr. The order book stood at Rs 32 cr, of which management expected Rs 20-22 cr to bill in H1 FY27. Materials (hardware components) at 36.4% of revenue are the largest cost line, followed by employees at 18% of revenue, reflecting an asset-light system integrator model that depends on third-party OEMs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT networking and security hardware integration, Surveillance and AV systems, Annual maintenance and managed services contracts. Project-based IT system integration with hardware pass-through and recurring AMCs; small-cap, BSE SME-listed
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 71 |
| EBITDA (ex other income) | 5 |
| margin % | 7.5 |
| Owners' profit | 4 |
| EPS, as reported (₹) | 2.90 |
| ROE % · ROCE % | 1.6 · 11.1 |
| Debt / equity (x) | 0.12 |
| Cash from operations | (12) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 42 | 29 |
| Profit before tax | 4 | 1 |
| Net profit | 3 | 1 |
| EPS (₹) | 2.25 | 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. % |
|---|---|---|---|---|---|---|---|---|
| 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) | 6.4 | 17.5 | 12 of 76 | 85% |
| P/B | 0.4 | 2.2 | 6 of 70 | 93% |
| ROCE | 7.8 | 9.6 | 50 of 86 | 42% |
| ROE | 1.6 | 9.2 | 54 of 70 | 23% |
| Debt / Equity | 0.1 | 0.0 | 45 of 70 | 36% |
| EBITDA margin | 5.6 | 13.0 | 57 of 69 | 18% |
| Market cap | 24 | 296 | 80 of 87 | 8% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Takyon Networks receives Rs 19.40 crore Hindustan Power Exchange order | business updates | high | — | — |
| 20 Oct 2026 · IIT Kanpur awards Rs 1.33 crore smart-rack order | business updates | high | — | — |
| 12 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 7 Oct 2026 · Takyon Networks bags Rs 2.56 cr order from Indian Railways BLW | business updates | medium | — | — |
| 1 Oct 2026 · AGM voting results: all 3 resolutions passed with 99.98 percent support | compliance | minimal | — | — |
| 30 Sept 2026 · Trading Window Closure Ahead of H2 FY26 Results | compliance | minimal | — | — |
| 30 Sept 2026 · Takyon Networks holds 11th AGM via video conferencing | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Takyon Networks wins Rs 1.78 cr Northern Railway order for CMS upgrade | business updates | medium | — | — |
| 7 Sept 2026 · Takyon Networks FY26 Annual Report: Revenue down about 30%, PAT nearly halves | results | high | — | — |
| 7 Sept 2026 · Board approves 11th AGM on September 30, 2026 via video conferencing | board shareholder meetings | 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.