Provides information technology services to clients in the United States and Europe, covering digital modernization for US state agencies, finance and accounting outsourcing, and a 'FAST Practice'. In FY26, consolidated revenue was ₹368.72 crore, with employee costs at 50.8% of revenue and no material input costs — the cost shape of a people-based services business. Consolidated revenue rose 56% year-on-year, reflecting the full consolidation of Network Objects Inc as a subsidiary from January 2025, in which the stake was raised to 51.33%. The FAST Practice reached a monthly billing run-rate of USD 200,000 with activity in Australian and US markets, while a first finance and accounting outsourcing deal in Ireland worth about 11,600 euros was signed as entry into the Irish market. The company is establishing new subsidiaries in Australia and the United Kingdom to support European expansion, and operates from Hyderabad with delivery from India centers. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Digital modernization and IT services, Finance and Accounting Outsourcing, FAST Practice, Network Objects Inc subsidiary. Asset-light IT services and business process outsourcing, with overseas delivery dominated by people costs.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 217 | 242 | 217 | 234 | 369 |
| EBITDA (ex other income) | 29 | 24 | 24 | 22 | 26 |
| margin % | 13.3 | 10.1 | 11.0 | 9.6 | 7.2 |
| Owners' profit | 20 | 17 | 11 | 9 | 11 |
| EPS, as reported (₹) | 1.61 | 1.25 | 0.86 | 0.66 | 0.84 |
| ROE % · ROCE % | 15.5 · 12.6 | 10.1 · 10.2 | 6.9 · 9.3 | 5.2 · 7.8 | 6.9 · 8.4 |
| Debt / equity (x) | 0.39 | 0.23 | 0.24 | 0.17 | 0.23 |
| Cash from operations | 24 | 9 | 2 | 17 | 6 |
| Capex | (22) | (12) | (2) | (1) | (7) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 49 | 87 | 92 | 94 | 92 | 90 | 93 |
| Profit before tax | 3 | 5 | 1 | 4 | 4 | 7 | 2 | 5 |
| Net profit | 3 | 4 | 1 | 4 | 3 | 4 | 4 | 4 |
| EPS (₹) | 0.20 | 0.28 | 0.02 | 0.22 | 0.20 | 0.22 | 0.20 | 0.23 |
| 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 · 38th AGM notice published in newspapers, e-voting details announced | compliance | minimal | — | — |
| 5 Sept 2026 · XTGlobal Infotech declares Re 0.05 interim dividend, record date Sep 23 | corporate actions | high | — | — |
| 5 Sept 2026 · Notice of 38th AGM on 29 September 2026 at 10 AM | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Interim dividend of 5 paise per share declared | corporate actions | high | — | — |
| 5 Sept 2026 · XTGlobal Infotech files 38th annual report; AGM set for September 29, 2026 | results | high | — | — |
| 5 Sept 2026 · XTGlobal Infotech declares 5 percent interim dividend for FY26-27 | corporate actions | high | — | — |
| 5 Sept 2026 · Board approves interim dividend of 5 paise, ESOPs, director changes | board shareholder meetings | low | — | — |
| 3 Sept 2026 · XTGlobal selected for U.S. State Govt cloud and AI program | business updates | high | — | — |
| 31 Aug 2026 · Board meeting on Sept 5 to consider final dividend and annual results | corporate actions | medium | — | — |
| 21 Aug 2026 · Q1 FY27 Earnings Call Transcript Filed | investor communications | medium | — | — |
| 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 |
| 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) | 34.7 | 16.6 | 58 of 71 | 19% |
| P/B | 1.9 | 2.9 | 21 of 64 | 67% |
| ROCE | 7.0 | 14.2 | 55 of 78 | 30% |
| ROE | 6.9 | 11.5 | 48 of 67 | 29% |
| Debt / Equity | 0.2 | 0.0 | 52 of 68 | 24% |
| EBITDA margin | 8.0 | 18.4 | 46 of 65 | 30% |
| Revenue growth | 1.1 | 10.6 | 45 of 63 | 29% |
| Profit growth | 4.3 | 6.7 | 33 of 62 | 48% |
| Market cap | 396 | 475 | 41 of 75 | 46% |
| 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.
