Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Nse
Addictive Learning Technology Ltd. (ADDICTIVE)
SME CapIT stocks · SME cap · NSE
Addictive Learning Technology Ltd. (formerly Addictive Learning Technology Private Limited) is an Indian company operating in the learning technology sector, with its website lawsikho.in.
₹44
+0.20 · +0.46%
Market cap ₹70 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 12:39 am IST
Score20 Oct, 04:19 pm IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
64BullishSMA20 -4.2% / mo · MACD + · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 40
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
ADDICTIVED candles · FIT view-52.5%Latest close ₹44.00 on 2026-10-19
Daily history is available from 2025-12-17; the requested 1Y window is partially covered.
Bar
+0.2%
RSI
51
MACD hist
0.17
52W pos
7%
2026-10-19O ₹43.90H ₹45.00L ₹43.85C ₹44.00Vol 5,000 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
ADDICTIVENifty ITNifty 500
- ADDICTIVE
- +11.3%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +16.8 pp
Chart stats
19 Oct 2026- From 52W high
- -67.0%
- 52W range position
- 7%
- ATR (14)
- 4.2%
- Volume vs 20D
- 0.47x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹39 - ₹46.3
₹133.3
₹37.2 - ₹133.3
₹1.8
Latest completed session
20-session average
48.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bullish64
Price trend and sector-relative-strength timing.
Valuation
Legacy model-114.2%
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
Pending dataYoY comparison unavailable - result verdict pending data
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹22.7 Cr | NDF | +58.8% |
| EBITDA | ₹4.8 Cr | -14.7% | +647.1% |
| Operating margin | 21.0% | -568 bps | +2707 bps |
| PAT | ₹0.3 Cr | NDF | NDF |
| PAT margin | 1.4% | -479 bps | +2761 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 51.80
- P/B
- 0.89
- EV/EBITDA
- 2.45
- Market Cap
- 70.00Cr
Profitability
- ROE
- 1.73%
- ROCE
- 2.82%
- ROA
- 1.05%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 60.00%
- EPS 5Y
- 168.00%
- Revenue 3Y
- 28.00%
- EPS 3Y
- -18.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 47.77×
- Altman Z
- 4.61
- Book Value
- 49.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 17.01 Cr
- EPS TTM
- 0.64
Shareholding
- Promoter Hold
- 63.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 72.0-11.4% vs prev
Net Profit
₹ CrLatest: -0.5-104.5% vs prev
Return on Equity
%Latest: -0.6-104.5% vs prev
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
Mixed signalsSignals are conflicting — long-term trend down. RSI 51. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~4.4% over last month) — short-term momentum negative.
- RSI(14) at 51 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 67% off 52W high · 18% 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
20
RS percentile
Stage 4 Downtrend
1M return
-2.2%
3M return
+11.5%
6M return
-50.6%
1Y return
-
RS 1D
+5
RS 20D
+6
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 21.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -11.6%.
50-DMA
price above
200-DMA
price below
Sector
improving
Industry
improving
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
203 observations
19 Oct 2026Value 43.23+1.50%
RS vs Nifty 50043
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation5/30
Growth25/25
Quality0/20
Balance Sheet13/15
Cash Flow3/10
Piotroski
8/9 (+5)
Penalties
-7
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 25/25 to the score.
- Balance sheet contributes 13/15 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Fair-value margin of safety is negative at -114.2%.
- Quality is weaker at 0/20; 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
51.8
PB
0.9
EV/EBITDA
2.5
ROE
1.7%
ROCE
2.8%
FCF Yield
—
Debt/Equity
0.0
MoS
-114.2%
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: 20 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-114.2%
Previous: -114.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
33
33
33
44
44
44
44
44
44
44
44
44
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
₹26.64
-65.1% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹20.54
-114.2% MoS
PEG
0.31
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
EXCELSOFT
Small
Excelsoft Technologies Limited
IT Services / Digital
match 135
53
18.4
9.8%
+36%
FAIR VALUE
JARO
Small
Jaro Institute of Technology Management and Research Limited
IT Services / Digital
match 134
70
22.8
40.6%
+49%
UNDERVALUED
CPEDU
Small
Career Point Edutech Limited
IT Services / Digital
match 134
71
14.0
34.6%
+56%
UNDERVALUED
TRUST
SME
Trust Fintech Ltd.
IT Services / Digital
match 130
37
7.9
7.0%
-241%
WATCHLIST
SUNTECH
SME
Suntech Infra Solutions Ltd.
IT Services / Digital
match 130
66
5.0
18.8%
+83%
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 2026-06-18T07:30:58.426Z
Management commentary snapshot
No financial or operational results were provided in the document for the half-year and year ended March 31, 2026.
No financial or operational data is available in the provided document to assess the company's performance or the status of any investment thesis. The document only confirms the upload of the earnings call transcript.
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
No financial or operational data is available in the provided document to determine the most appropriate comparison basis for performance analysis.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|
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: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
4 docs text-extracted · 4 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 · SME: 32nd pctile, median 64
Evidence depth
Financial-only
4 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
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
40
weak · capital discipline
Results
45
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 65.1%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE is low at -0.1%.
- ▸ROE is low at -0.6%.
- ▸OPM spread across recent quarters is 32.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Addictive Learning Technology Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Nse
Concall transcriptJun 2026
Jun 2026 · Analysts/Institutional Investor Meet/Con. Call Updates 13 June 2026 - Transcript uploaded for earnings conference call on audited FY2026 and H1 results, held June 9, 2026.
Source: Nse
Annual reportApr 2026
Apr 2026 · Shareholders meeting 3 Sep - FY26 annual report: consolidated loss ₹0.48 crore; operations improved since April 2026, with Q1 FY27 recovery.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Concall transcriptDec 2025
Dec 2025 · Transcript
Source: Nse
Concall transcriptJun 2025
Jun 2025 · Transcript
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Concall transcriptDec 2024
Dec 2024 · Transcript
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.