Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 22 Sep
Source: Bse
3i Infotech Limited (3IINFOLTD)
Small CapIT stocks · Small cap · NSE
3i Infotech Limited, incorporated in 1993 and headquartered in Mumbai, India, provides information technology services and software solutions. It has 30+ years of experience, with deep domain expertise across BFS, IT, Insurance, Manufacturing, Retail and Government sectors. It operates through AAA, Infrastructure Services, and Digital BPS segments.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result24 Jul, 01:48 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
74BullishMACD − · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 57
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
3IINFOLTDD candles · FIT view+26.3%Latest close ₹22.28 on 2026-10-19
Bar
-0.2%
RSI
40
MACD hist
-0.12
52W pos
63%
2026-10-19O ₹22.32H ₹22.34L ₹21.90C ₹22.28Vol 1.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
3IINFOLTDNifty ITNifty 500
- 3IINFOLTD
- +19.0%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +24.6 pp
Chart stats
19 Oct 2026- From 52W high
- -19.9%
- 52W range position
- 63%
- ATR (14)
- 3.7%
- Volume vs 20D
- 0.52x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹21.9 - ₹26.3
₹27.8
₹12.7 - ₹27.8
₹0.8
Latest completed session
20-session average
25.1% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +4.3% · PAT -13.6% YoY
Technical
Bullish74
Price trend and sector-relative-strength timing.
Valuation
Legacy model+57.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence60
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -14% YoY · Rev +4% YoY · margin expansion
Filed 23 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹177.9 Cr | +4.3% | +1.2% |
| EBITDA | ₹5.1 Cr | +246.5% | +152.6% |
| Operating margin | 2.9% | +488 bps | +833 bps |
| PAT | ₹6.5 Cr | -13.6% | -10.3% |
| PAT margin | 3.7% | -77 bps | -48 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.40
- P/B
- 1.23
- EV/EBITDA
- 48.27
- Market Cap
- 469.00Cr
Profitability
- ROE
- 11.00%
- ROCE
- 13.00%
- ROA
- 5.14%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 3.00%
- EPS 5Y
- 14.00%
- Revenue 3Y
- -2.00%
- EPS 3Y
- 35.00%
Balance Sheet
- Debt/Equity
- 0.16
- Interest Coverage
- -2.25×
- Altman Z
- 2.59
- Book Value
- 18.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 9/5
- OCF
- -44.00 Cr
- EPS TTM
- 1.65
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 66%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 178+1.2% vs prev
Net Profit
₹ CrLatest: 6.5-10.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term uptrend intact. RSI 40.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 40 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 20% off 52W high · 76% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
77
RS percentile
Stage 2 UptrendEstablished S2
1M return
-12.6%
3M return
+19.0%
6M return
+24.7%
1Y return
+8.4%
RS 1D
-1
RS 20D
-10
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 13.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +7.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
10 Jul 2026
S2 age
70 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 104.45+0.85%
RS vs Nifty 500104
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
FAIR_VALUE
Fundamental score breakdown
U band · FAIR VALUEValuation20/30
Growth14/25
Quality5/20
Balance Sheet6/15
Cash Flow3/10
Piotroski
4/9 (+1)
Penalties
-3
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 57.9%.
- Valuation contributes 20/30 to the score.
- Growth contributes 14/25 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Quality is weaker at 5/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
12.4
PB
1.2
EV/EBITDA
48.3
ROE
11.0%
ROCE
13.0%
FCF Yield
—
Debt/Equity
0.2
MoS
+57.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+57.9%
Previous: +57.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
46
46
46
46
46
46
46
46
46
46
46
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹26.14
+14.8% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹52.97
+57.9% MoS
PEG
0.55
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
OSWALGREEN
Small
Oswal Greentech Limited
IT Services / Digital
match 166
61
11.7
1.9%
+63%
UNDERVALUED
ORIENTCER
Small
ORIENT CERATECH LIMITED
IT Services / Digital
match 166
37
15.5
7.8%
-17%
WATCHLIST
MARKOLINES
Small
Markolines Pavement Technologies Limited
IT Services / Digital
match 165
54
14.0
13.9%
+55%
FAIR VALUE
TPLPLASTEH
Small
TPL Plastech Limited
IT Services / Digital
match 165
71
17.6
18.3%
+46%
UNDERVALUED
SHREERAMA
Small
Shree Rama Multi-Tech Limited
IT Services / Digital
match 164
62
22.6
15.4%
+13%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-07T07:20:33.840Z
Management commentary snapshot
Q1 FY27 revenue grew 4.3% YoY to ₹177.9 crore, with PAT of ₹6.5 crore. EBITDA stood at ₹11.5 crore (6.4% margin). Gross margin improved to 14.4% from 11.2% YoY. Secured TCV ₹240.9 crore order bookings and 25+ new client wins.
The company reported resilient Q1 FY27 results with YoY revenue growth and improved gross margins. New client wins and strong order bookings indicate demand. While US revenue saw sequential moderation, MEA showed strong QoQ growth. Management is focused on strategic priorities and operational excellence, reinforcing the long-term vision.
Current business mix
Revenue by Business Segment (Q1 FY27)
Latest issuer-disclosed distribution across 3 reported categories.
Application, Automation & Analytics (AAA)73.5%
Infrastructure Services (IS)18.7%
Business Process Services (BPS)7.8%
Growth engines
COE-led Capability Development
COE-led capability development combined with solution-driven sales to modernize offerings and drive integrated, AI-enabled solutions.
Strategic Account Expansion & New Client Acquisition
Growth driven by strategic account expansion, new client acquisition, and building capabilities in high-potential verticals.
OEM Partnerships
OEM partnership progressing through deeper engagement to accelerate growth and next generation delivery.
AI/ML & New Age Technology
Focus on AI/ML, New age technology led delivery model and further enhancement in AI, cloud, automation, and analytics capabilities.
Capacity and execution
Leadership Team Reinforcement
Reinforced leadership team with experienced business and sales leaders.
CoE Operationalization
Continued operationalisation of our Centre of Excellence (CoE)-led operating model across all business segments.
Tailwinds
Digital Transformation Demand
Enterprises increasingly accelerate AI-enabled, cloud-first and platform-led transformation.
Diversified Business Portfolio
Revenue mix remained well balanced, providing resilience against sector-specific fluctuations.
Headwinds
US Revenue Moderation
U.S revenue stood at ₹91.2 crore in Q1 FY27 from ₹98.3 crore in Q4 FY26, with sequential moderation of 7.2% QoQ.
Risk radar
Margin Pressure
Margin pressure during growth & capability investment.
Dependency on Key Clients
Dependency on key clients (Top 20 customers contributed 49% of Q1 FY27 revenue).
Execution Risk
Execution risk in new initiatives.
Scaling Challenges
Scaling challenges across geographies.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
The company reports both YoY growth for overall revenue and profitability to show annual trends, and QoQ for geographic segments (India, US, MEA) to highlight sequential momentum and regional performance.
Sector KPIs management disclosed
Operating Revenue
₹177.9 crore in Q1 FY27, up 4.3% YoY and 1.3% QoQ.
PAT
₹6.5 crore in Q1 FY27, compared to ₹7.5 crore in Q1 FY26 and ₹7.3 crore in Q4 FY26.
EBITDA
₹11.5 crore in Q1 FY27 (6.4% margin), compared to ₹18.1 crore in Q1 FY26 (which included a one-time other income of ₹18.4 crore).
Gross Margin
Improved to 14.4% in Q1 FY27, compared with 11.2% in Q1 FY26.
Management forward view
Disciplined Execution
Our first quarter performance reflects the disciplined execution of the strategic priorities we outlined at the beginning of FY27.
Strengthening Fundamentals
Focused on strengthening the fundamentals of the business by improving operational efficiency, enhancing profitability and building a scalable foundation.
Vision 2030 Ambition
Aspire to achieve 3x revenue & deliver double-digit EBITDA margin by FY30.
Focus on Strategic Priorities
Remain focused on executing our six strategic priorities: People, Process, Productivity, Platform, Partnering and Profitability.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | 4.3% YoY, 1.3% QoQ | Sustained YoY and QoQ growth, especially in key geographies like the US. |
| EBITDA Margin | 6.4% | Expansion towards the double-digit EBITDA margin target by FY30, indicating improved operational efficiency. |
| Order Bookings (TCV/ACV) | TCV ₹240.9 Cr / ACV ₹195.6 Cr | Conversion of order bookings into revenue and continued strong deal wins. |
| Geographic Performance | US revenue down 7.2% QoQ, MEA up 64.0% QoQ | Stabilization and growth in US revenue, alongside continued momentum in MEA and India. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
60Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 28th percentile of the scored universe and 26th percentile within IT. Main check: results consistency is weak at 19/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
68 docs text-extracted · 14 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
28th percentile
overall median 67 · IT: 26th pctile, median 69 · Small: 32nd pctile, median 66
Evidence depth
Financial-only
68 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
19
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸9 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-44 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸OPM spread across recent quarters is 18.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching 3i Infotech Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 10 Sep - 3i Infotech won a 3-year DR support order worth about Rs.1.02 crore from an Indian commodity exchange.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug - Newspaper Advertisement - Addendum to the Notice of 33rd Annual General Meeting of the Company
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.