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    CapitalNumbers

    Kolkata-based digital engineering firm delivering software development and AI/ML/GenAI services to 250+ global enterprise and startup clients via a hybrid onshore-offshore model.

    Information Technology
    Information Technology
    View 544343 earnings calls

    Overview

    Price

    Market Cap

    ₹218 Cr

    Sector

    Information Technology

    Information Technology

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital000021242424
    Reserves1426426046132147167
    Borrowings62110000
    Other Liabilities34586788
    Total Liabilities2232496973164180200
    AssetsFixed Assets910999998
    CWIP00000000
    Investments814182336445481
    Other Assets69223728111117110
    Total Assets2232496973164180200

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating7131616221917
    Cash from Investing-5-6-5-6-16-77-34
    Cash from Financing-1-5-10-19649
    SummaryCapital Expenditure
    Free Cash Flow6121514211816
    FCF Margin

    Valuation

    Assumptions

    Current — 544343
    Price
    ₹98
    EPS (TTM)
    ₹21.86
    PE (TTM)
    4.5
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (4.4×) and current (4.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹98
    vs
    Fair value · 15% return
    ₹61
    38%Overvalued

    At 10% growth and a 4× exit, ₹98 only delivers your return if you pay ₹61. The price is currently baking in 20% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 4×.

    YearGrowthEPS (₹)
    FY2710.0%24.05
    FY2810.0%26.45
    FY2910.0%29.10
    FY3010.0%32.01
    FY3110.0%35.21
    FY328.0% ·fade38.02
    FY336.0% ·fade40.30

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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