ENSER
Enser Communications financials
- Market cap
- ₹132 Cr
- Sector
- Information Technology
- Calls analysed
- 1
ENSER Q2 FY26
What went well
- FY25 revenue of approximately ₹85.44 crores, indicating a base for growth.
- New acquisitions (Teckinfo, Growintelli) contributed ₹8-9 crores in H1 FY26, showing initial inorganic growth.
- Farmkeen Agritech platform expected to start revenue generation within 60 days, opening a new vertical.
What to watch
- Caution regarding the government's Data Protection Act (DPDP Act) due to potential high fines for data security breaches.
- Lack of specific revenue growth guidance for the current or next fiscal year.
What Enser Communications Limited does
Enser Communications is a business-process-management (BPM) company that runs outsourced customer acquisition, onboarding, servicing and collections operations for BFSI (banking, financial services, insurance) clients, blending AI tools (chatbots, IVR, analytics dashboards) with human agents for judgment-critical steps such as compliance and escalations. It also runs allied technology businesses through subsidiaries: cybersecurity and IT-infrastructure consulting (Growintelli Technologies), software/AI-bot development (Teckinfo Solutions), and IVR services (IVRedge Services), plus in-house CRM software, digital marketing (SEO/SMM/PPC) and distribution of Vestel-branded interactive flat panel displays and digital signage. It operates service/delivery units across India and an overseas unit in Dubai, UAE, and has launched Farmkeen Agritech, a platform connecting government, agri-tech companies and farmers.
Segments
- BPM Services
- CRM Software
- Intelligent Display Solutions
- Cyber Security
- Service units
- 8 (FY26)
- Clients served
- 100+
- Operating experience
- 17+ years (incorporated 2008)
- Subsidiaries
- 4 (Growintelli Technologies, Teckinfo Solutions, IVRedge Services, Enser Communications Services ME-FZCO)
- Geographic footprint
- Service/office locations in Navi Mumbai, Gurgaon (x2), Jaipur, Bangalore & Chennai, plus Dubai (UAE); Philippines centre planned FY27
- Dedicated AI/tech development team
- 60-70 people across group companies
Guidance record · Q2 FY26
what the last two calls moved 6 tracked 0 delivered 0 missed 6 open- EBITDA Margin open said Q2 FY26 Promised: the margins will see a drastic improvement over the next, half cycle Q2 FY26: Target set for H2 FY26
All 6 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 78.7%, net profit up 53.4% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 15 | 18 | 28 | 39 | 31 +114% | 36 +97% | 50 +79% |
| EBITDA | 2 | 3 | 5 | 7 | 6 +257% | 9 +168% | 8 +55% |
| Net profit | 1 | 2 | 3 | 5 | 3 +258% | 4 +88% | 5 +53% |
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 −91.3% 1Y
1Y: ₹174.95 on 7 Jan 2025 → ₹15.15. High ₹174.95 (7 Jan 2025), low ₹11.1 (20 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹9 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹2 Cr | ₹2 Cr | ₹4 Cr | ₹17 Cr | ₹21 Cr | ₹25 Cr |
| Borrowings | ₹3 Cr | ₹3 Cr | ₹6 Cr | ₹7 Cr | ₹29 Cr | ₹37 Cr |
| Other liabilities | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹5 Cr | ₹14 Cr | ₹24 Cr |
| Total liabilities | ₹7 Cr | ₹9 Cr | ₹14 Cr | ₹38 Cr | ₹81 Cr | ₹104 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹2 Cr | ₹14 Cr | ₹21 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹8 Cr | ₹8 Cr |
| Other assets | ₹6 Cr | ₹7 Cr | ₹12 Cr | ₹35 Cr | ₹58 Cr | ₹75 Cr |
| Total assets | ₹7 Cr | ₹9 Cr | ₹14 Cr | ₹38 Cr | ₹81 Cr | ₹104 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 Jun 2026
Since Jun 2025, DIIs trimmed −0.46 pp while promoters added +0.35 pp. The shareholder count shrank 11% to 732.
- Promoters
- 66.6%
- Public
- 33.4%
Since Jun 2025
- DIIs −0.46 pp
- Promoters +0.35 pp
- Public +0.11 pp
How it drifted, 10 quarters
Ownership split by quarter, oldest first. Mar '24: Promoters 66.2%, Public 33.8%.Jun '24: Promoters 66.2%, Public 33.8%.Sep '24: Promoters 66.2%, Public 33.8%.Dec '24: Promoters 66.2%, DIIs 0.1%, Public 33.7%.Mar '25: Promoters 66.2%, DIIs 0.5%, Public 33.3%.Jun '25: Promoters 66.3%, DIIs 0.5%, Public 33.3%.Sep '25: Promoters 66.3%, DIIs 0.5%, Public 33.2%.Dec '25: Promoters 66.4%, Public 33.6%.Mar '26: Promoters 66.4%, Public 33.6%.Jun '26: Promoters 66.6%, Public 33.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nidhi Gupta newly disclosed 1.20% held
- Rajnish Omprakash Sarna +0.17 pp 41.73% held
- Yoshi Envirotech Private Limited +0.08 pp 3.44% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Enser Communications Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rajnish Omprakash Sarna | 41.73% | +0.17 pp |
| Iyer Harihara Subramanian | 24.85% | unchanged |
| Yoshi Envirotech Private Limited | 3.44% | +0.08 pp |
| Huf | 3.41% | unchanged |
| Nidhi Gupta | 1.20% | newly disclosed |
| Nair Sindhu Saseedharan | 0.01% | unchanged |
| Gayatri Rajnish Sarna | 0.01% | unchanged |
| Yash Rajnish Sarna | 0.01% | unchanged |
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
- Growth the price implies
- -4.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Enser Communications Limited
Guides on how to read this kind of business and the numbers that matter.