XTRANET

XTRANET share price & results

Price: ₹285.05
Market cap: ₹1.4k Cr
Sector: Information Technology
Calls analysed: 1

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Latest concall · Q1 FY27 · call held 25 Aug 2026

XTRANET Q1 FY27

Revenue from Operations ₹51 cr +11%EBITDA Margin 20.59% Profit After Tax ₹6 cr +77%PAT Margin 11.88%

What went well

Revenue increased by 11% Y-o-Y to approximately ₹51 crores.
Operational EBITDA grew by 89% Y-o-Y to approximately ₹10 crores, with EBITDA margin expanding by 855 basis points to 20.59%.
Profit after tax (PAT) increased by 77% Y-o-Y to approximately ₹6 crores, with PAT margin improving by 444 basis points to 11.88%.

What to watch

Hardware prices have increased sharply (3x-4x) in the last year, posing a challenge for product procurement.
Product deployment projects yield lower EBITDA margins (6-8%) compared to services (20-22%).

Read the full call →

Guidance record · Q1 FY27

updates from the last two tracked quarters 8 tracked 0 delivered 0 missed 8 open

FY27 Revenue Target open said Q1 FY27 Promised: ₹500+ crores Q1 FY27: Targeting 500 plus crores for FY27, up from ₹365 crore in FY26.

8 of XTRANET's 8 targets are still open. See which are on track and which have gone quiet.

Check before the next result

Quarterly results

₹ Cr · quarterly

Line item	Q1 FY26	Q4 FY26	Q1 FY27
Revenue	40	150	43
Expenses	35	119	34
EBITDA	4	31	9
Margin	11%	21%	22%
Other income	0	0	0
Interest	1	2	2
Depreciation	0	1	1
Profit before tax	3	28	7
Tax rate	13%	18%	25%
Net profit	3	23	5
EPS	3.83	5.94	1.37

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 +120.6% YTD

YTD: ₹129.2 on 30 Jul 2026 → ₹285.05. High ₹341.43 (21 Sept 2026), low ₹124.01 (3 Aug 2026).

How the price took the results

close before → close after

Q1 FY27: −2.7%; 25 Aug

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.

Valuation and ratios

Current values use the same calculations as the financial screener. Compare FY and TTM where available. Each ratio shows its reporting period.

Return on capital employed: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ average capital employed, including minority equity and deposits.; 32.40%; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
Return on equity: —; TTM · period unavailable; How it is calculated

Adjusted profit attributable to owners ÷ average owners’ equity.; 34.94%; FY ending Mar 2026; How it is calculated

Adjusted profit attributable to owners ÷ average owners’ equity.
Return on assets: —; TTM · period unavailable; How it is calculated

Total profit excluding exceptional items after tax ÷ average total assets.; 12.35%; FY ending Mar 2026; How it is calculated

Total profit excluding exceptional items after tax ÷ average total assets.
Operating margin (EBITDA): —; TTM · period unavailable; How it is calculated

Operating profit ÷ revenue.; 17.53%; FY ending Mar 2026; How it is calculated

Operating profit ÷ revenue.
Net margin: —; TTM · period unavailable; How it is calculated

Total profit excluding exceptional items after tax ÷ revenue.; 11.23%; FY ending Mar 2026; How it is calculated

Total profit excluding exceptional items after tax ÷ revenue.
Free cash flow margin: -6.03%; FY ending Mar 2026; How it is calculated

(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Cash conversion (CFO/PAT): 68.29%; FY ending Mar 2026; How it is calculated

Operating cash flow ÷ reported total net profit.
Capex intensity: 13.70%; FY ending Mar 2026; How it is calculated

Fixed-asset purchases ÷ revenue.
Revenue growth (YoY): —; TTM · period unavailable; How it is calculated

Revenue change against the same period one year earlier.; 32.25%; FY ending Mar 2026; How it is calculated

Revenue change against the same period one year earlier.
PAT growth (YoY): —; TTM · period unavailable; How it is calculated

Adjusted profit attributable to owners vs the same period one year earlier.; 36.42%; FY ending Mar 2026; How it is calculated

Adjusted profit attributable to owners vs the same period one year earlier.
EBITDA growth (YoY): —; TTM · period unavailable; How it is calculated

Operating profit vs the same period one year earlier.; 33.33%; FY ending Mar 2026; How it is calculated

Operating profit vs the same period one year earlier.
Debt to equity: 0.63×; FY ending Mar 2026; How it is calculated

Borrowings ÷ owners’ equity.
Interest coverage: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ interest expense.; 9.67×; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ interest expense.
Asset turnover: —; TTM · period unavailable; How it is calculated

Revenue ÷ average total assets.; 1.10×; FY ending Mar 2026; How it is calculated

Revenue ÷ average total assets.
Net debt: ₹85.00 Cr; FY ending Mar 2026; How it is calculated

Borrowings less cash equivalents.
Net debt / EBITDA: —; TTM · period unavailable; How it is calculated

(Borrowings − cash equivalents) ÷ adjusted EBITDA.; 1.33×; FY ending Mar 2026; How it is calculated

(Borrowings − cash equivalents) ÷ adjusted EBITDA.
Financial leverage (average assets/equity): 2.44×; FY ending Mar 2026; How it is calculated

Average total assets ÷ closing owners’ equity.
Price to earnings: —; TTM · period unavailable; How it is calculated

Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.; 35.01×; FY ending Mar 2026; How it is calculated

Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
EV / EBITDA: —; TTM · period unavailable; How it is calculated

(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.; 23.50×; FY ending Mar 2026; How it is calculated

(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
Earnings yield: —; TTM · period unavailable; How it is calculated

Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.; 3.86%; FY ending Mar 2026; How it is calculated

Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
Debtor days: 114.00 days; FY ending Mar 2026; How it is calculated

Reported receivable days from the annual accounts.
Inventory days: 128.00 days; FY ending Mar 2026; How it is calculated

Reported inventory days, using material cost / cost of goods sold.
Days payable: 147.00 days; FY ending Mar 2026; How it is calculated

Reported payable days, using material cost / cost of goods sold.
Cash conversion cycle: 96.00 days; FY ending Mar 2026; How it is calculated

Reported debtor days plus inventory days less payable days.
Working capital days: 49.00 days; FY ending Mar 2026; How it is calculated

Reported net working capital days from the annual accounts.
Dividend payout: 0.00%; FY ending Mar 2026; How it is calculated

Reported dividend payout as a percentage of annual profit.
Market cap: ₹1,419.00 Cr; Current market cap; How it is calculated

Market capitalisation from the current stock record.

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside our supported range; a ratio with no value in any period is left out. FY uses the reported fiscal period; TTM uses the latest twelve months. Valuations use current market cap with the selected earnings period.

Screen Indian stocks using these ratios →

Annual ratio history

Period ending	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Return on capital employed	23.40%	29.46%	43.12%	32.40%
Return on equity	22.88%	34.03%	44.01%	34.94%
Return on assets	2.68%	5.15%	11.43%	12.35%
Operating margin (EBITDA)	5.83%	8.58%	17.39%	17.53%
Net margin	2.69%	4.72%	10.87%	11.23%
Free cash flow margin	-0.45%	-3.43%	-6.16%	-6.03%
Cash conversion (CFO/PAT)	0.00%	-9.09%	30.00%	68.29%
Capex intensity	0.45%	3.00%	9.42%	13.70%
Revenue growth (YoY)	—	4.48%	18.45%	32.25%
PAT growth (YoY)	—	85.88%	168.63%	36.42%
EBITDA growth (YoY)	—	53.85%	140.00%	33.33%
Debt to equity	0.73×	1.05×	0.41×	0.63×
Interest coverage	3.67×	4.75×	6.71×	9.67×
Asset turnover	1.00×	1.09×	1.05×	1.10×
Net debt	₹18.00 Cr	₹38.00 Cr	₹38.00 Cr	₹85.00 Cr
Net debt / EBITDA	1.29×	1.90×	0.78×	1.33×
Financial leverage (average assets/equity)	8.62×	5.47×	2.73×	2.44×
Net interest income	—	—	—	—
Deposit growth	—	—	—	—
Debtor days	267.00 days	157.00 days	215.00 days	114.00 days
Inventory days	79.00 days	133.00 days	190.00 days	128.00 days
Days payable	371.00 days	269.00 days	395.00 days	147.00 days
Cash conversion cycle	-24.00 days	22.00 days	10.00 days	96.00 days
Working capital days	27.00 days	43.00 days	65.00 days	49.00 days
Dividend payout	0.00%	0.00%	0.00%	0.00%

The same formulas applied to each reported year. Periods longer or shorter than twelve months are labelled and are not annualised. Current prices are not used for historical valuations.

Balance sheet

Year ending	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	₹7 Cr	₹7 Cr	₹8 Cr	—
Reserves	—	₹19 Cr	₹30 Cr	₹83 Cr	—
Borrowings	—	₹18 Cr	₹38 Cr	₹37 Cr	—
Other liabilities	—	₹177 Cr	₹124 Cr	₹189 Cr	—
Total liabilities	—	₹221 Cr	₹199 Cr	₹317 Cr	—
Fixed assets	—	₹4 Cr	₹5 Cr	₹4 Cr	—
Capital work in progress	—	₹1 Cr	₹4 Cr	₹9 Cr	—
Investments	—	₹4 Cr	₹4 Cr	₹4 Cr	—
Other assets	—	₹211 Cr	₹185 Cr	₹299 Cr	—
Total assets	—	₹221 Cr	₹199 Cr	₹317 Cr	—

How to read this

As filed on each reporting date, including interim balance sheets. 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 Jul 2026

Promoters: 83.6%
FIIs: 4.1%
DIIs: 3.1%
Government: 2.7%
Public: 13.3%

Who was buying across the market this quarter →

Who is on the register

Named in the Jul 2026 filing

Every holder of XTRANET above SEBI's 1% disclosure line.

Holder	Stake
Sukhbir Singh Kukreja	31.57%
Jogendrapal Singh Alagh	19.75%
Shiney Sukhbir	6.67%
Supneet Kaur Alagh	4.63%
Rajathan Global Securities Private Limited	2.50%
Strategic Sixth Sense Capital Fund AIF	1.58%
Viney Growth Fund AIF	1.21%
Saint Capital Fund FPI fund	1.21%
Longthrive Capital Vcc-Trendview Capital Fund FPI fund	1.05%
Tiger Strategies Fund-1 AIF	1.05%

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.

Learn to analyse XTRANET

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