ALLETEC

All E Tech financials

Market cap
₹240 Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 17 Aug 2026

All E Tech Q1 FY27

Revenue ₹37.18 cr +9%EBITDA ₹6.98 cr EBITDA Margin 17.7% Total Income ₹39.5 cr

What went well

  • Total revenue grew 9.1% YoY to INR 37.18 crores, signaling a return to growth.
  • Product license revenue showed strong growth at 14.7% YoY.
  • International services QoQ growth was 9.1%, with US contributing nearly 60% of services revenue.

What to watch

  • Overall product margins declined due to growth in lower-margin products.
  • PAT appears lower due to the impact of tax deferment from the previous quarter.
Read the full call →

What All E Tech does

All E Technologies is a consulting-led IT services provider that implements and customizes Microsoft's Business Applications stack — Dynamics 365 ERP/CRM/HCM/Commerce, the Power Platform, and Azure — for enterprise and mid-market customers. It earns through digital-core modernization, enterprise-application implementation, process optimization, system integration, data engineering/AI and change-management engagements, layering on its own vertical IP products (e.g. EdTech365, Travel365) on top of the Microsoft stack for specific industries.

Segments

  • Digital Core Modernization
  • Enterprise Applications
  • Data & AI / Copilots and AI Agents
  • System Integration
  • Cybersecurity
  • Change Management
Customer base
300+
Team strength
~350 (30% women)
Microsoft Solutions Partner designations held
6 of 6 (all Microsoft AI Cloud Partner Program designations)
Successful projects delivered
~1,100+
Experience on Microsoft Business Applications
25 years (provider since 2000)
Direct country presence
6 (USA, Canada, Singapore, Kenya, India, UAE)
Founded 2000Headquarters Noida, Uttar Pradesh, IndiaEmployees 350 (Q4 FY26) Company website

Guidance record · Q1 FY27

what the last two calls moved 10 tracked 1 delivered 4 missed 5 open
  • Revenue Growth missed said Q3 FY25 Promised: 20% to 25% revenue growth year-on-year for FY26 and FY27 Q1 FY27: Q1 FY27 revenue grew 9.1% YoY, remaining below the 20-25% target range for FY27.
  • M&A Execution delayed said Q3 FY25 Promised: Active conversation with at least one sizable US company for acquisition Q1 FY27: Management reported that two potential deals were evaluated closely but did not materialize. The timeline for utilizing cash for an acquisition is now 'end of this year, mid-next year'.
  • Corporate Governance / Listing on track said Q3 FY25 Promised: Shift to the main board by December of this year (FY25) Q1 FY27: Board approval for main board migration obtained; management expects it to take shape in the next couple of months.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 9.1%, net profit down 19.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue36 36 35 34 33 −7%36 −1%35 −1%37 +9%
EBITDA7 8 9 7 7 −5%7 −10%4 −54%5 −29%
Net profit7 7 10 6 7 +10%6 −14%6 −42%5 −20%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −53.9% 1Y

₹150₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 10 Jun 2026Q1 FY27 — 17 Aug 2026

1Y: ₹286.15 on 10 Sept 2025 → ₹132. High ₹294.8 (19 Sept 2025), low ₹116.95 (27 Aug 2026).

How the price took the results

close before → close after

Q1 FY27
−3.2%
17 Aug
Q4 FY26
+0.3%
10 Jun
Q3 FY26
−3.9%
16 Feb
Q2 FY26
−5.9%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 16.3% a year over 3 years, FY23 to FY26. Operating margin widened to 17.8%.

Year endingFY23FY24FY25FY26
Revenue₹88 Cr₹116 Cr₹140 Cr₹138 Cr
Operating profit₹12 Cr₹20 Cr₹31 Cr₹25 Cr
Operating margin13.9%17.1%21.9%17.8%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Net profit₹13 Cr₹20 Cr₹30 Cr₹26 Cr
Net margin14.6%17.0%21.5%18.7%
Cash from operations₹14 Cr₹16 Cr₹22 Cr₹17 Cr
Free cash flow₹11 Cr₹15 Cr₹19 Cr₹11 Cr
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹15 Cr₹20 Cr₹20 Cr₹20 Cr₹20 Cr
Reserves₹38 Cr₹29 Cr₹80 Cr₹99 Cr₹135 Cr₹149 Cr
Borrowings₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Other liabilities₹17 Cr₹19 Cr₹23 Cr₹33 Cr₹40 Cr₹40 Cr
Total liabilities₹56 Cr₹64 Cr₹124 Cr₹152 Cr₹196 Cr₹210 Cr
Fixed assets₹2 Cr₹1 Cr₹3 Cr₹4 Cr₹4 Cr₹5 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹5 Cr
Investments₹1 Cr₹2 Cr₹3 Cr₹3 Cr₹14 Cr₹15 Cr
Other assets₹53 Cr₹60 Cr₹117 Cr₹145 Cr₹176 Cr₹186 Cr
Total assets₹56 Cr₹64 Cr₹124 Cr₹152 Cr₹196 Cr₹210 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

Since Mar 2025, the public added +1.46 pp while FIIs trimmed −1.11 pp. The shareholder count grew 9% to 4,799.

Promoters
50.1%
FIIs
0.7%
DIIs
0.5%
Public
41.5%
Others
7.2%

Since Mar 2025

  • Public +1.46 pp
  • FIIs −1.11 pp
  • DIIs −0.48 pp

How it drifted, 6 quarters

Over this window others went from 0.0% to 7.2% — +7.2 pp.

Sep '23Sep '24Mar '26

Ownership split by quarter, oldest first. Sep '23: Promoters 50.0%, FIIs 0.2%, Public 41.9%.Mar '24: Promoters 50.0%, FIIs 0.2%, DIIs 0.1%, Public 42.0%.Sep '24: Promoters 50.0%, FIIs 1.6%, DIIs 0.4%, Public 40.5%, Others 7.5%.Mar '25: Promoters 50.0%, FIIs 1.8%, DIIs 1.0%, Public 40.1%, Others 7.1%.Sep '25: Promoters 50.1%, FIIs 0.9%, DIIs 1.0%, Public 41.1%, Others 6.9%.Mar '26: Promoters 50.1%, FIIs 0.7%, DIIs 0.5%, Public 41.5%, Others 7.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Mar 2026 filing

Every holder of All E Tech above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Ajay Mian 49.31%unchanged
Sarita Krishan Kumar Kapoor 7.52%unchanged
Rajiv Tyagi 2.82%unchanged
Suman Mian 0.79%unchanged
Key Managerial Personnel 0.01%unchanged
Generational Capital Breakout Fund 1 AIF—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹132, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~26%. At that growth it is worth ₹398 — upside of 202%.

Growth the price implies
5.0% a year
for 7 years, fading to 4%
It has actually compounded at
26.1% a year
net profit, FY23–FY26
The gap
-0.2 pp
202% downside if it only repeats history
Price today ₹132 Value at the reference growth ₹398.09

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse All E Tech

Guides on how to read this kind of business and the numbers that matter.