SILVERTUC
Silver Touch Technologies share price & financials
- Price
- ₹186.06
- Market cap
- ₹1.9k Cr
- Sector
- Information Technology
- Calls analysed
- 1
Silver Touch Q3 FY26
What went well
- Achieved a revenue CAGR of 20-25% over the past three years, demonstrating consistent growth.
- Secured a strong order book of ₹650 crores, providing revenue visibility for the next three years, with most projects being 5 years in nature.
- Gross margins have seen a significant 50% improvement over the last three years due to cost optimization and automation.
What to watch
- Working capital has increased, impacting operating cash flow, primarily due to capital-intensive Build, Operate, and Transfer projects, though management expects improvement post-March.
What Silver Touch Technologies Limited does
Silver Touch Technologies is an end-to-end IT solutions provider spanning software services (custom apps, digital platforms, AI and cloud, IT staffing), business consulting (SAP, Odoo, Microsoft Dynamics implementations), e-governance (Digital India and state government portals, smart city and citizen services), system integration (LAN/WAN, IT infrastructure and security), and cloud and facility management services. It earns primarily through long-term government and enterprise IT projects, many running 5+ years, with a mix of fresh and recurring/repeat orders. Through its new subsidiary Ai4Pharma Tech, it also offers AI-led SaaS products for compliance and quality control in pharmaceutical manufacturing.
Segments
- Software Services
- E-Governance Services
- System Integration
- ERP Implementation Services
- Cloud & Facility Management Services
- Clients worldwide
- 2000+
- Projects delivered successfully
- 4000+
- Qualified IT professionals (global workforce)
- 1500+
- Years of IT industry operation
- 30+
- International subsidiaries
- Wholly-owned subsidiaries in USA, UK and Canada
- India office locations
- Head office in Ahmedabad, Gujarat, plus offices in New Delhi and Mumbai
Guidance record · Q3 FY26
what the last two calls moved 5 tracked 0 delivered 0 missed 5 open- AI Pharma Product Annual Recurring Revenue per Plant open said Q3 FY26 Promised: ₹1-5 crores on annual recurring basis... in coming 3 years for plant Q3 FY26: Target set for the newly launched AI4 Pharma subsidiary products.
All 5 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 23.8%, net profit up 150.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 75 | 74 | 86 | 63 | 86 +15% | 96 +30% | 101 +17% | 78 +24% |
| EBITDA | 9 | 10 | 15 | 9 | 14 +56% | 19 +90% | 22 +47% | 17 +89% |
| Net profit | 4 | 5 | 9 | 4 | 7 +75% | 11 +120% | 13 +44% | 10 +150% |
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 −79.3% 1Y
1Y: ₹735.25 on 10 Sept 2025 → ₹152.49. High ₹1,667 (9 Jan 2026), low ₹103.8 (30 Mar 2026).
How the price took the results
close before → close after
- Q3 FY26
- −0.0%
- 19 Jan
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 27.7% a year over 3 years, FY23 to FY26. Operating margin widened to 18.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹166 Cr | ₹227 Cr | ₹292 Cr | ₹346 Cr |
| Operating profit | ₹20 Cr | ₹28 Cr | ₹41 Cr | ₹64 Cr |
| Operating margin | 11.8% | 12.3% | 14.0% | 18.5% |
| Interest | ₹2 Cr | ₹0 Cr | ₹3 Cr | ₹6 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹8 Cr | ₹8 Cr |
| Net profit | ₹9 Cr | ₹16 Cr | ₹21 Cr | ₹35 Cr |
| Net margin | 5.7% | 7.0% | 7.2% | 10.1% |
| Cash from operations | ₹16 Cr | ₹3 Cr | ₹-3 Cr | ₹17 Cr |
| Free cash flow | ₹-5 Cr | ₹-10 Cr | ₹-22 Cr | ₹13 Cr |
| ROCE | 16.0% | 20.0% | 22.0% | 30.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹25 Cr |
| Reserves | ₹69 Cr | ₹73 Cr | ₹82 Cr | ₹100 Cr | ₹132 Cr | ₹144 Cr |
| Borrowings | ₹1 Cr | ₹0 Cr | ₹11 Cr | ₹11 Cr | ₹48 Cr | ₹33 Cr |
| Other liabilities | ₹42 Cr | ₹37 Cr | ₹42 Cr | ₹49 Cr | ₹86 Cr | ₹94 Cr |
| Total liabilities | ₹124 Cr | ₹123 Cr | ₹148 Cr | ₹173 Cr | ₹279 Cr | ₹296 Cr |
| Fixed assets | ₹19 Cr | ₹22 Cr | ₹31 Cr | ₹29 Cr | ₹47 Cr | ₹68 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹15 Cr | ₹9 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹104 Cr | ₹99 Cr | ₹109 Cr | ₹128 Cr | ₹223 Cr | ₹227 Cr |
| Total assets | ₹124 Cr | ₹123 Cr | ₹148 Cr | ₹173 Cr | ₹279 Cr | ₹296 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 trimmed −0.50 pp while FIIs added +0.43 pp. The shareholder count grew 581% to 10,774.
- Promoters
- 74.7%
- FIIs
- 0.5%
- Public
- 24.9%
Since Jun 2025
- Public −0.50 pp
- FIIs +0.43 pp
- Promoters +0.05 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.6%, Public 25.4%.Dec '23: Promoters 74.5%, Public 25.5%.Mar '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Jun '24: Promoters 74.4%, Public 25.6%.Sep '24: Promoters 74.4%, Public 25.6%.Dec '24: Promoters 74.4%, Public 25.6%.Mar '25: Promoters 74.5%, Public 25.5%.Jun '25: Promoters 74.6%, FIIs 0.1%, Public 25.4%.Sep '25: Promoters 74.6%, FIIs 0.1%, Public 25.3%.Dec '25: Promoters 74.6%, FIIs 0.8%, DIIs 0.0%, Public 24.6%.Mar '26: Promoters 74.6%, FIIs 1.1%, Public 24.2%.Jun '26: Promoters 74.7%, FIIs 0.5%, Public 24.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Silver Touch Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vipul Haridas Thakkar | 21.16% | unchanged |
| Jignesh Amritlal Patel | 20.72% | unchanged |
| Minesh Vinodchandra Doshi | 17.57% | unchanged |
| Gagandeep Credit Capital Pvt Ltd | 6.70% | unchanged |
| Palak Vinubhai Shah | 5.47% | unchanged |
| Joly Jignesh Patel | 4.13% | unchanged |
| Kajal Vipul Thakkar | 3.87% | unchanged |
| Varsha Minesh Doshi | 0.87% | unchanged |
| Zankhana Palakbhai Shah | 0.87% | unchanged |
| Manjulaben Amratlal Patel | 0.01% | unchanged |
| Amratlal Khodidas Patel | 0.01% | unchanged |
| Tasha Vipul Thakkar | 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
AttractiveTo justify its price of ₹152, this stock must grow earnings at 28% every year for 7 years. Our analysis caps realistic growth at ~55%. At that growth it is worth ₹512 — upside of 235%.
- Growth the price implies
- 28.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 54.7% a year
- net profit, FY23–FY26
- The gap
- -0.3 pp
- 235% downside if it only repeats history
Learn to analyse Silver Touch Technologies Limited
Guides on how to read this kind of business and the numbers that matter.