All E Technologies Ltd. (ALLETEC)
SME CapIT stocks · SME cap · NSE
All E Technologies Ltd. (ALLETEC) is an Indian IT services company specializing in Microsoft AI Cloud Partner Program solutions. It provides digital transformation, data & AI, enterprise applications (ERP/CRM), and cloud infrastructure services across diverse geographies and industries, focusing on Microsoft Dynamics 365 and Power Platform.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Strong fundamentals, management trust is acceptable, price trend is neutral, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 0/100PAT -20% YoY · margin compression · Rev +9% YoY · +7% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹37.2 Cr | +9.1% | +7.0% |
| EBITDA | ₹4.7 Cr | -28.8% | +9.7% |
| Operating margin | 12.5% | -666 bps | +31 bps |
| PAT | ₹5.1 Cr | -19.9% | -13.5% |
| PAT margin | 13.6% | -494 bps | -322 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
ALLETEC reported a soft FY'26 with revenue and profit dips, attributed by management to a cautious demand cycle and strategic investments in business development and AI capabilities. Q4 FY'26 also saw sequential and YoY declines in key financial metrics.
The thesis is under stress due to the reported decline in revenue and profits for FY'26 and Q4, reflecting a challenging demand environment. Management frames this as a deliberate investment year to build scale and AI capabilities, with fundamentals remaining intact. The ability to convert these investments into future growth is key.
Revenue by Industry (FY'26)
Latest issuer-disclosed distribution across 10 reported categories.
Move up-market
nullEnhanced focus on larger accounts that bring higher revenue, last several years, and expand over time.
Strengthen Data & AI solutions
nullBuilding capability for solutions customers are now actively seeking, leveraging Microsoft Fabric-based analytics modernization.
Proprietary IP
nullDeveloping differentiated, stickier offerings that set the company apart in larger deals.
International expansion
nullExtend the Middle East and APAC momentum through local presence.
Microsoft Partner Credentials
nullAttained all six Microsoft Solutions Partner designations, signaling validated capability across the entire Microsoft Cloud stack.
Strong Balance Sheet
null~₹163 Cr cash & investments, effectively debt-free, providing strategic flexibility for future growth.
High Customer Retention
nullSustained high repeat + recurring revenue (90.6% in FY'26) indicates strong customer relationships and stickiness.
Geographic Traction
nullStrengthening market position in Americas and expanding in Middle East & Africa, with steady growth in India.
Cautious Demand Environment
nullMid-market customers across several regions became cautious and deferred new commitments amid global uncertainty.
Technology Change Uncertainty
nullAn unprecedented pace of technology change left customers unsure they were investing in the right solutions, lengthening decision cycles.
Increased Pre-sales Costs
nullHigh AI interest requires more pre-sales and sales effort per deal as value is still being defined for customers.
Macroeconomic Factors
nullShifting global trade dynamics and geopolitical conflicts contributed to market stress, impacting customer spending.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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.
Both YoY and QoQ comparisons are relevant. YoY provides insight into the full impact of the 'transitional year' and cautious demand cycle. QoQ highlights recent sequential momentum, which is important for IT services given the project-based nature and potential for quick shifts in demand.
Total Revenue (FY'26)
nullINR 1,378.7 Mn (vs FY'25: 1,399.7 Mn)
Reported Net Profit (FY'26)
nullINR 257.2 Mn (vs FY'25: 301.5 Mn)
PAT Margin (FY'26)
null17.2% (vs FY'25: 19.6%)
Repeat + Recurring Revenue (FY'26)
null90.6%
Investment Year
nullFY'26 was a deliberate investment year in business development and AI capabilities through a cautious demand cycle.
Fundamentals Intact
nullManagement asserts that the profitable, debt-free, cash-rich business fundamentals are intact and strengthening.
Mid-term Revenue Goal
nullA ₹500 Cr revenue target is a mid-term goal, not guidance, requiring both organic and inorganic growth.
Capital Allocation Priorities
nullPriorities include maintaining strategic flexibility, pursuing value-accretive acquisitions, and continuing capability investments.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | FY'26 revenue declined YoY. | Reversal of revenue decline and acceleration from new investments in BD and AI capabilities. |
| PAT Margin | FY'26 PAT margin at 17.2%, Q4 at 15.6%. | Stabilization and improvement in profitability as strategic investments yield results. |
| Customer Additions | 35 customers added in FY'26, 8 in Q4. | Acceleration in new customer acquisition, particularly in larger accounts as the company moves up-market. |
| Cash & Investments | ~₹163 Cr cash & investments. | Disciplined deployment of cash in value-accretive M&A and capability expansion, as per stated capital allocation strategy. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
47NeutralSMA20 -7.3% / mo · MACD + · near 52W low
Technical chart
ALLETECdaily · 1Y · AUTO-8.3%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 59. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~7.9% over last month) — short-term momentum negative.
- RSI(14) at 59 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 54% off 52W high · 19% 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.
Valuation & score drivers
U-Score 75 · DEEP VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 75 · DEEP VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
DEEP VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 66.5%.
- Growth contributes 23/25 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
- Quality is weaker at 12/20; verify the latest quarterly trend.
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.
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.
Score history
12 stored score snapshots. Latest stored move: -5 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 58th percentile within IT. Main check: results consistency is weak at 22/100.
Healthy Trust Lite: Promoter pledge is zero. Key concern: ROCE trend is -3.1%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · IT: 58th pctile, median 69 · SME: 81st pctile, median 64
38 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead 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.
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.8%.
- ▸5 years of positive FCF.
- ▸Debt/equity is 0.01.
Trust risks
- ▸ROCE trend is -3.1%.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸1/4 latest quarters had positive YoY PAT growth.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 10.90
- P/B
- 1.64
- EV/EBITDA
- 11.58
- Market Cap
- 277.00Cr
Profitability
- ROE
- 17.10%
- ROCE
- 22.20%
- ROA
- 11.43%
- Dividend Y
- 1.09%
Growth (CAGR)
- Revenue 5Y
- 18.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 32.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- —
- Altman Z
- 6.37
- Book Value
- 83.60
Cash Flow
- FCF Yield
- 1.81%
- FCF Positive Y
- 5/5
- OCF
- 17.00 Cr
- EPS TTM
- 12.12
Shareholding
- Promoter Hold
- 50.10%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 12%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable names in IT, ranked by similarity
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.