Provides IT services to Fortune 500 clients and government organisations, with 2,000 resources deployed across 25 countries. Consolidated revenue in FY26 was Rs 976.43 crore, up 8.8% from Rs 897.79 crore in FY25. The cost base is dominated by people: employee cost was 50.2% of revenue and other operating expenses 49.5%, leaving an EBITDA margin of about 1.95%. During FY26 it secured a BharatNet Phase III order worth Rs 101.61 crore, and it continues to carry a long-standing receivable of Rs 61.50 crore from an Andhra Pradesh government (APSFL) project that has been outstanding for over six years. Two wholly-owned subsidiaries (Leading Edge Infotech and Trigyn Technologies India) currently have negative net worth and depend on holding-company support, which contributed to consolidated net profit falling 83% to Rs 1.99 crore. The company is appealing a Rs 9.08 crore GST demand and is in arbitration over a terminated Nashik toll project with a bank guarantee of Rs 3.52 crore invoked. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT services. Asset-light IT services firm with high people costs and thin margins
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,041 | 1,273 | 1,280 | 898 | 976 |
| EBITDA (ex other income) | 65 | 61 | 35 | 17 | 2 |
| margin % | 6.3 | 4.8 | 2.7 | 1.8 | 0.2 |
| Owners' profit | 39 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 12.69 | 11.26 | 6.48 | 3.82 | 0.64 |
| ROE % · ROCE % | 6.4 · 10.0 | 5.1 · 8.7 | 2.8 · 5.6 | 1.6 · 3.9 | 0.2 · 2.0 |
| Debt / equity (x) | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Cash from operations | 45 | (52) | 126 | 51 | (9) |
| Capex | (16) | (6) | (1) | (0) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 208 | 207 | 241 | 224 | 242 | 258 | 252 | 253 |
| Profit before tax | 6 | 2 | 6 | 1 | 5 | 2 | 6 | 6 |
| Net profit | 0 | 1 | 3 | (5) | 5 | 1 | 1 | 3 |
| EPS (₹) | 0.12 | 0.40 | 0.83 | (1.50) | 1.71 | 0.22 | 0.20 | 1.13 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Trigyn Technologies 40th AGM on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Trigyn Technologies shares FY26 Annual Report web link; 40th AGM on Sept 30 | compliance | minimal | — | — |
| 7 Sept 2026 · Trigyn Technologies - 40th AGM notice dispatch completed via email and post | compliance | minimal | — | — |
| 5 Sept 2026 · Trigyn Technologies 40th AGM on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 40th AGM scheduled on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Newspaper notice for 40th AGM on September 30, 2026 | compliance | minimal | — | — |
| 13 Aug 2026 · Trigyn Q1 FY27 Results: Standalone Loss Narrows, Consolidated Turns Profitable | compliance | minimal | — | — |
| 11 Aug 2026 · Trigyn Technologies Q1 results, appoints Narendra Bhandari as Independent Director | management changes | medium | — | — |
| 11 Aug 2026 · Trigyn Q1 FY27 results: revenue up 13%, swings to consolidated profit | compliance | low | — | — |
| 11 Aug 2026 · Trigyn Technologies submits Q1 FY27 financial results to NSE | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| TECH MAHINDRA LIMITED |
| 1,51,018 |
| 26.6 |
| 5.02 |
| 16.9 |
| 16.0 |
| 18.8 |
| 8.5 |
| 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.8 | 16.6 | 38 of 71 | 47% |
| P/B | 0.2 | 2.9 | 1 of 64 | 100% |
| ROCE | 1.7 | 14.2 | 61 of 78 | 22% |
| ROE | 0.3 | 11.5 | 56 of 67 | 17% |
| Debt / Equity | 0.0 | 0.0 | 31 of 68 | 55% |
| EBITDA margin | 3.1 | 18.4 | 54 of 65 | 17% |
| Revenue growth | 12.6 | 10.6 | 29 of 63 | 55% |
| Profit growth | 175.7 | 6.7 | 3 of 62 | 97% |
| Market cap | 178 | 475 | 46 of 75 | 39% |
| 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 |
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.
