MGSL
Matrix Geo Solutions financials
- Market cap
- ₹108 Cr
- Sector
- Information Technology
- Calls analysed
- 1
Matrix Geo Solutions Limited H2 & FY26
What went well
- Operating revenue for FY26 reached INR 40.1 crores, marking a robust 81.5% YoY growth.
- EBITDA for FY26 grew 62% to INR 13.25 crores, maintaining margins above 33%.
- Profit after tax for FY26 increased 73% to INR 10.05 crores, with PAT margins over 25%.
What to watch
- Receivable timeline is currently high at 180-200 days, impacting working capital.
- 50% of IPO proceeds (INR 20 crores) remain unutilized due to rapidly changing drone technology, awaiting new models.
Guidance record · Q4 FY26
what the last two calls moved 6 tracked 0 delivered 0 missed 6 open- FY27 Revenue open said Q4 FY26 Promised: INR 65 crores Q4 FY26: in this particular financial year, we are looking at somewhere around INR 65 crores as our top line.
All 6 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 9 | 13 | 14 | 26 |
| EBITDA | 4 | 4 | 6 | 7 |
| Net profit | 3 | 3 | 4 | 6 |
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 −25.4% 1Y
1Y: ₹99.15 on 30 Sept 2025 → ₹74. High ₹116.8 (8 Oct 2025), low ₹58.1 (22 Jul 2026).
How the price took the results
close before → close after
- Q4 FY26
- −1.0%
- 1 Jul
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.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹7 Cr | ₹8 Cr | ₹11 Cr | ₹51 Cr | ₹51 Cr |
| Borrowings | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹7 Cr | ₹2 Cr |
| Other liabilities | ₹7 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹10 Cr |
| Total liabilities | ₹14 Cr | ₹15 Cr | ₹17 Cr | ₹77 Cr | ₹77 Cr |
| Fixed assets | ₹1 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹20 Cr |
| Other assets | ₹13 Cr | ₹12 Cr | ₹14 Cr | ₹73 Cr | ₹53 Cr |
| Total assets | ₹14 Cr | ₹15 Cr | ₹17 Cr | ₹77 Cr | ₹77 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 Dec 2025, the public added +2.31 pp while FIIs trimmed −1.31 pp. The shareholder count grew 21% to 538.
- Promoters
- 67.3%
- FIIs
- 0.4%
- DIIs
- 7.5%
- Public
- 24.8%
Since Dec 2025
- Public +2.31 pp
- FIIs −1.31 pp
- DIIs −1.00 pp
How it drifted, 3 quarters
Over this window the public went from 22.5% to 24.8% — +2.3 pp.
Ownership split by quarter, oldest first. Dec '25: Promoters 67.3%, FIIs 1.8%, DIIs 8.5%, Public 22.5%.Mar '26: Promoters 67.3%, FIIs 0.4%, DIIs 8.4%, Public 23.9%.Jun '26: Promoters 67.3%, FIIs 0.4%, DIIs 7.5%, Public 24.8%.
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.
- Aarth AIF Growth Fund AIF +0.06 pp 5.00% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Matrix Geo Solutions Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amit Sharma | 33.60% | unchanged |
| Rahul Jain | 33.60% | unchanged |
| Aarth AIF Growth Fund AIF | 5.00% | +0.06 pp |
| Pace Stock Broking Services Pvt Ltd | 2.56% | unchanged |
| Asg Trading Pvt Ltd. | 1.65% | unchanged |
| Meenal Jain | 0.01% | unchanged |
| Harshada Kulkarni | 0.01% | unchanged |
| Manjiri Kulkarni | 0.01% | unchanged |
| Priti Bala Jain | 0.01% | unchanged |
| Krishna Devi | 0.00% | unchanged |
| Bhawna Jain | 0.00% | unchanged |
| Subhash Chand Jain | 0.00% | 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
- -6.8% 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 Matrix Geo Solutions Limited
Guides on how to read this kind of business and the numbers that matter.