INTELLECT

Intellect Design Arena share price & financials

Price
₹746.7
Market cap
₹10.1k Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 07 Aug 2026

Intellect Design Arena Limited Q1 FY27

EBITDA ₹194 cr Gross Margin 57% PBT ₹135 cr Total Income ₹872 cr +19%

What went well

  • Total income reached ₹872 crores, growing 19% year-on-year.
  • License-linked revenue grew 17% to ₹457 crores, up from ₹389 crores in the corresponding quarter last year.
  • Secured 19 strategic wins this quarter and completed 16 transformations, with 61 wins over the past 12 months.
Read the full call →

What Intellect Design Arena Limited does

Intellect Design Arena builds and licenses composable financial-technology software platforms used by banks, asset managers, insurers and other financial institutions worldwide. Its flagship offerings are eMACH.ai, an open, microservices-and-API-based finance platform spanning core/consumer banking, wholesale banking, lending, trade finance, payments, treasury, wealth and insurance; Purple Fabric, an enterprise AI platform that layers agentic and generative-AI capabilities across those products; and iTurmeric, a low-code composable integration engine. Revenue is earned through software licences, platform subscriptions and annual maintenance contracts (AMC) sold to institutional clients, organised across three business lines: Wholesale Banking, Consumer Banking, and Wealth, Capital Markets & Insurance. The company also operates a dedicated Transformation Design Centre applying design-thinking methodology to product engineering and client delivery.

Segments

  • Wholesale Banking
  • Consumer Banking
  • Wealth, Capital Markets & Insurance
Countries with customer operations
62
Institutional customers worldwide
500+ banks, AMCs, insurers & fintechs
Customers with assets exceeding $100 billion
60+
Nationalities represented among employees
39
eMACH.ai platform microservices
700
Clients live on eMACH.ai platform
45+
Founded 1993 Company website

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 4 delivered 7 missed 11 open
  • Quarterly Revenue Run Rate delivered said Q4 FY25 Promised: ₹800 crores in the next four quarters Q1 FY27: Q1 FY27 revenue was ₹872 Cr, sustaining the run rate above the ₹800 Cr target.
  • Q4 FY25 Revenue delivered said Q3 FY25 Promised: closer to ₹700 Crs Q1 FY27: Promise is historical and achieved. Not addressed.
  • Long-term Revenue revised up said Q3 FY25 Promised: ₹4,000 Crs in next four years Q1 FY27: Management reaffirmed the target, clarifying the timeline as 'by 2028', an acceleration from the original 'in four years' guidance from Q3 FY25. Stated 'we are running on those milestones'.

All 22 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 20.4%, net profit up 8.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue558 610 726 702 758 +36%731 +20%847 +17%845 +20%
EBITDA81 119 202 142 153 +89%100 −16%183 −9%166 +17%
Net profit52 71 136 94 102 +96%27 −62%120 −12%102 +9%
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 −32.8% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 7 Aug 2026

1Y: ₹1,015.65 on 10 Sept 2025 → ₹682.6. High ₹1,198 (3 Nov 2025), low ₹598.55 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−0.0%
7 Aug
Q4 FY26
+2.9%
25 Apr
Q3 FY26
−1.8%
6 Feb
Q2 FY26
+8.3%
31 Oct

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 10.8% a year over 3 years, FY23 to FY26. Operating margin held at 19.0%.

Year endingFY23FY24FY25FY26
Revenue₹2.2k Cr₹2.5k Cr₹2.5k Cr₹3.0k Cr
Operating profit₹428 Cr₹533 Cr₹521 Cr₹578 Cr
Operating margin19.2%21.3%20.8%19.0%
Interest₹3 Cr₹4 Cr₹4 Cr₹5 Cr
Depreciation₹121 Cr₹137 Cr₹157 Cr₹209 Cr
Net profit₹269 Cr₹323 Cr₹334 Cr₹343 Cr
Net margin12.1%12.9%13.4%11.3%
Cash from operations₹174 Cr₹410 Cr₹431 Cr₹510 Cr
Free cash flow₹9 Cr₹237 Cr₹260 Cr₹291 Cr
ROCE19.0%20.0%17.0%16.0%
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₹66 Cr₹67 Cr₹68 Cr₹68 Cr₹70 Cr₹70 Cr
Reserves₹1.3k Cr₹1.7k Cr₹2.0k Cr₹2.4k Cr₹2.9k Cr₹3.1k Cr
Borrowings₹82 Cr₹20 Cr₹27 Cr₹44 Cr₹90 Cr₹159 Cr
Other liabilities₹567 Cr₹764 Cr₹802 Cr₹895 Cr₹1.0k Cr₹1.2k Cr
Total liabilities₹2.0k Cr₹2.6k Cr₹2.9k Cr₹3.4k Cr₹4.1k Cr₹4.5k Cr
Fixed assets₹397 Cr₹435 Cr₹494 Cr₹558 Cr₹1.1k Cr₹894 Cr
Capital work in progress₹349 Cr₹344 Cr₹370 Cr₹374 Cr₹1 Cr₹298 Cr
Investments₹146 Cr₹416 Cr₹365 Cr₹449 Cr₹384 Cr₹635 Cr
Other assets₹1.1k Cr₹1.4k Cr₹1.7k Cr₹2.0k Cr₹2.6k Cr₹2.7k Cr
Total assets₹2.0k Cr₹2.6k Cr₹2.9k Cr₹3.4k Cr₹4.1k Cr₹4.5k 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, the public added +4.40 pp while FIIs trimmed −4.32 pp. The shareholder count grew 9% to 1,12,804.

Promoters
29.6%
FIIs
23.5%
DIIs
7.3%
Public
39.5%

Since Jun 2025

  • Public +4.40 pp
  • FIIs −4.32 pp
  • Promoters −0.24 pp

How it drifted, 12 quarters

Over this window DIIs went from 3.9% to 7.3% — +3.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 30.4%, FIIs 24.4%, DIIs 3.9%, Public 41.3%.Dec '23: Promoters 30.4%, FIIs 25.1%, DIIs 3.8%, Public 40.7%.Mar '24: Promoters 30.4%, FIIs 27.9%, DIIs 3.8%, Public 38.0%.Jun '24: Promoters 30.3%, FIIs 27.5%, DIIs 5.2%, Public 37.0%.Sep '24: Promoters 30.1%, FIIs 27.2%, DIIs 6.3%, Public 36.4%.Dec '24: Promoters 29.9%, FIIs 26.2%, DIIs 7.1%, Public 36.7%.Mar '25: Promoters 29.9%, FIIs 24.9%, DIIs 8.2%, Public 37.0%.Jun '25: Promoters 29.9%, FIIs 27.8%, DIIs 7.2%, Public 35.1%.Sep '25: Promoters 29.8%, FIIs 27.5%, DIIs 7.2%, Public 35.5%.Dec '25: Promoters 29.8%, FIIs 26.6%, DIIs 7.1%, Public 36.5%.Mar '26: Promoters 29.7%, FIIs 25.6%, DIIs 7.1%, Public 37.6%.Jun '26: Promoters 29.6%, FIIs 23.5%, DIIs 7.3%, Public 39.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Intellect Design Arena Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Polaris Banyan Holding Private Limited 22.73%−0.08 pp
Amansa Holdings Private Limited FPI fund6.73%−0.94 pp
Arun Jain 5.39%unchanged
Franklin India Technology Fund Mutual fund3.78%unchanged
Manju Jain 2.54%unchanged
Yogesh Andlay 1.82%unchanged
Gothic Corporation Endowment1.54%unchanged
Arun Jain Huf 1.50%unchanged
Atyant Capital India Fund - I FPI fund1.48%−0.11 pp
Mukul Mahavir Agrawal 1.28%−0.15 pp

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.

Mutual funds in INTELLECT

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.03 L shares (+0.3%).

Held by funds
₹68 Cr
6 schemes
Biggest holder
Nippon India Value Fund
₹52 Cr · 0.6% of that fund
SchemeHoldingLast month
Nippon India Value Fund Nippon India Mutual Fund₹52 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹10 Cr+0.02 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +2,578 shares (+0.3%)

Funds are sitting on
+111%
vs est. average cost
Held by funds
₹68 Cr
6 schemes · ≈ 0.74% of the company
Biggest holder
Nippon India Value Fund
₹52 Cr · 0.6% of that fund

Shares held by these funds −43%

Aug '23 9.94 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹683, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹351 — downside of 49%.

Growth the price implies
20.6% a year
for 7 years, fading to 4%
It has actually compounded at
8.4% a year
net profit, FY23–FY26 · EPS 7.9%
The gap
0.1 pp
-49% downside if it only repeats history
Price today ₹682.6 Value at the reference growth ₹350.85

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Intellect Design Arena Limited

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