BSE: 530595
TELECANOR GLOBAL LTD.
Runs two distinct businesses under one listed entity: information technology services and aquaculture/farming. The IT line covers software development work — including a proprietary payment gateway being prepared for PCI-DSS certification ahead of an RBI Payment Aggregator licence application, and a purchase order worth USD 375,000 (around Rs. 3.56 crore) received from PrimeZen Innovations Inc, USA, to build a centralised crypto exchange with custodial wallet support on the Solana blockchain. The farming line operates from a Yelamanchili farm in Andhra Pradesh that has seen labour unrest delaying FY26 audit work, with broader land holdings at Rambilli Mandal, Anakapalli District, where the Board has approved exploring an industrial park of roughly 72 acres near the proposed Google AI hub. For the nine months ending December 2025, Information Technology Services recorded Rs. 3.27 crore of revenue and Farming Rs. 3.60 crore, against total segment revenue of Rs. 6.37 crore. FY25 full-year revenue was Rs. 3.99 crore with EBITDA margin of 25.68%, and employee cost at 8.6% of revenue was the largest operating expense line. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Information Technology Services, Farming / Aquaculture, Payment Aggregator services. Small-cap diversified holding combining IT services with aquaculture, plus a pre-launch payments and crypto software push
Exhibit 1: Financial summary, FY21–FY25 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 4 |
| EBITDA (ex other income) | (1) | (1) | (3) | 0 | 1 |
| margin % | — | — | — | 8.2 | 25.7 |
| Owners' profit | (1) | (1) | (3) | 0 | 1 |
| EPS, as reported (₹) | (0.79) | 0.00 | 0.00 | 0.00 | 0.67 |
| ROE % · ROCE % | (3.8) · (3.6) | (3.5) · (3.3) | 0.0 · 0.0 | (0.1) · 4.3 | (16.3) · 60.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | (0.79) | (2.35) |
| Cash from operations | 0 | (0) | 0 | (0) | 1 |
| Capex | 0 | 0 | (0) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | (0) | 0 | 4 | 1 | 6 | 7 |
| Profit before tax | 0 | (0) | (1) | (0) | 2 | 0 | 3 | 4 |
| Net profit | 0 | (0) | (1) | (0) | 1 | 0 | 3 | 3 |
| EPS (₹) | 0.00 | 0.00 | 0.00 | (0.12) | 1.20 | 0.07 | 2.22 | 2.78 |
Exhibit 3: Segment revenue, FY25
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Information Technology Services | 1 | 31.2 |
| Aquaculture | 3 | 68.8 |
| Total, before eliminations | 4 | 100.0 |
Exhibit 4: 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 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2.2 | 18.1 | 2 of 32 | 97% |
| ROCE | 87.1 | 4.8 | 1 of 40 | 100% |
| EBITDA margin | 61.6 | 17.2 | 7 of 35 | 82% |
| Profit growth | 2440.9 | (12.0) | 2 of 41 | 98% |
| Market cap | 21 | 41 | 26 of 44 | 42% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · SEBI compliance: Dematerialisation certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 11 Oct 2026 · Q1 loss widens, full loan default flagged; AGM on Oct 31 | results | high | — | — |
| 11 Oct 2026 · Q1 FY27: revenue surges 166% YoY, but loss posted amid full loan default | results | high | — | — |
| 1 Oct 2026 · FY26 audited results with unmodified opinion and five audit emphasis notes | results | high | — | — |
| 30 Sept 2026 · Trading Window Closed Ahead of September Quarter Results | compliance | minimal | — | — |
| 26 Sept 2026 · Board drops plan to remove statutory auditors; they continue in role | management changes | medium | — | — |
| 23 Sept 2026 · BSE listing application pending for 8+ months, company flags delays | capital market events | medium | — | — |
| 19 Sept 2026 · TeleCanor Global initiates removal of statutory auditor K.K. Goel and Co | management changes | high | — | — |
| 10 Sept 2026 · Board reshuffle: MD steps down due to illness, new MD appointed, auditor removed | management changes | high | — | — |
| 1 Sept 2026 · Board meeting postponed again, financial results delayed due to farm unrest | results | 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.