Integrated Personnel Services share price & results
- Mar 2026
- Jun 2026
Mumbai-based HR-solutions provider running staffing, recruitment, payroll and compliance outsourcing for IT and non-IT clients in India, with a US subsidiary and a UAE associate.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 188 | +30.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 3.8 | +0.5 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.0 | +100.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +3.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -1.53 | +0.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −1.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −27.4% 1Y
1Y: ₹275.5 on 23 Oct 2025 → ₹199.95. High ₹309 (21 Nov 2025), low ₹185.9 (30 Sept 2026).
- Previous close
- ₹199.95
- Market cap
- ₹214 Cr
- 52-week range
- ₹185.9 – ₹309
- One year
- −31.05%
- Price to earnings (FY ending Mar 2026)
- 19.45×
- Return on equity (FY ending Mar 2026)
- 17.74%
Overview
- Symbol
- NSE:IPSL
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Integrated Personnel Services Limited does
Based on the company's own presentations, annual report and earnings calls.
Integrated Personnel Services Limited (IPSL), incorporated in 2004, delivers end-to-end Human Resource solutions organized under three business heads: Raising (executive search, recruitment process outsourcing, IT staffing), Leasing (flexi-staffing deployed across infrastructure, oil & energy, hospitality, telecom and sales functions) and Management (payroll & compliance management, training and HR policy implementation). Each service line operates under a named internal brand (e.g. IPSEx, IPSRPO, IPSTECH, IPSFSS, IPS HR Accelerator). The company has also extended its footprint overseas through a wholly/majority-owned subsidiary structure and an associate entity.
Segments
- Raising
- Leasing
- Management
- Business heads
- 3 (Raising, Leasing, Management)
- Service verticals
- 11 named service lines across the three business heads
- Subsidiaries
- 4, including IPS Tech Inc (overseas)
- Overseas associate company
- Integrated Personal Services Contracting LLC
- Track record
- Incorporated 2004; ~2 decades of HR service delivery
- Client sectors served
- IT and non-IT sectors, incl. oil & energy, hospitality, telecom
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +100% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 78 | 90 | 93 | 112 | 119 | 144 | 153 | 188 |
| Expenses | 76 | 87 | 90 | 108 | 116 | 139 | 147 | 181 |
| Operating profit | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 7 |
| Operating margin | 3.3% | 3.8% | 3.4% | 3.8% | 2.9% | 3.3% | 3.5% | 3.8% |
| Other income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
| Interest | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 |
| Profit before tax | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 6 |
| Tax rate | −1.0% | 10.0% | 4.0% | 2.0% | −4.0% | 3.0% | 2.0% | 11.0% |
| Net profit | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 6 |
| EPS (₹ per share) | 2.30 | 3.07 | 2.22 | 3.22 | 2.25 | 3.83 | 3.87 | 6.52 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 7 | 7 | 9 | 9 | 9 |
| Reserves | 9 | 21 | 28 | 40 | 52 | 49 |
| Borrowings | 24 | 22 | 25 | 28 | 46 | 43 |
| Other liabilities | 6 | 6 | 10 | 11 | 19 | 22 |
| Total liabilities | 45 | 56 | 70 | 88 | 127 | 122 |
| Fixed assets | 3 | 7 | 9 | 8 | 11 | 9 |
| Capital work in progress | 4 | 0 | 0 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 |
| Other assets | 38 | 48 | 60 | 79 | 114 | 113 |
| Total assets | 45 | 56 | 70 | 88 | 127 | 122 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | 0 | -1 | 0 | 1 |
| Cash from investing | 0 | -1 | -3 | -4 | -8 | -7 |
| Cash from financing | -1 | 2 | 6 | 3 | 9 | 10 |
| Net cash flow | -1 | 0 | 3 | -2 | 1 | 5 |
| Free cash flow | 0 | -1 | -1 | -4 | -1 | 0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 74 | 72 | 80 | 86 | 80 | 84 |
| Cash conversion cycle | 74 | 72 | 80 | 86 | 80 | 84 |
| Working capital days | 13 | 17 | 40 | 37 | 50 | 39 |
| Return on capital employed | 13.0% | 15.0% | 17.0% | 14.0% | 13.0% | 16.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- 5.9% 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
Ownership
Who owns it
Promoters hold 64.42% as of Jun 2026.
- Promoters 64.42%
- Public 35.58%
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.
- newly disclosed 2.94% held
- newly disclosed 1.90% held
- +0.38 pp 1.45% held
- +0.32 pp 45.62% held
The same filing shows 6 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Integrated Personnel Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 45.62% | +0.32 pp | |
| 17.83% | −2.82 pp | |
| 4.43% | −1.33 pp | |
| 2.94% | newly disclosed | |
| 1.98% | −0.37 pp | |
| 1.90% | newly disclosed | |
| 1.63% | −0.28 pp | |
| 1.45% | +0.38 pp | |
| 1.16% | −0.58 pp | |
| 1.08% | unchanged | |
| 1.05% | unchanged | |
| 0.98% | −0.18 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.
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