Annual report
Annual Report 2026
Source: Nse
EPW India Ltd. (EPWINDIA)
SME CapIT stocks · SME cap · NSE
EPW India Ltd. operates in the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals16 Oct 2026 · screener
Latest result01 Jun, 08:20 pm IST
Score21 Oct, 04:30 am 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
69BullishSMA20 -1.7% / mo · MACD − · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 49
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
EPWINDIAD candles · FIT view+59.4%Latest close ₹239.95 on 2026-10-19
Daily history is available from 2025-12-30; the requested 1Y window is partially covered.
Bar
+0.4%
RSI
50
MACD hist
-0.28
52W pos
77%
2026-10-19O ₹239.00H ₹239.95L ₹239.00C ₹239.95Vol 2,400 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
EPWINDIANifty ITNifty 500
- EPWINDIA
- -13.3%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -7.7 pp
Chart stats
19 Oct 2026- From 52W high
- -14.9%
- 52W range position
- 77%
- ATR (14)
- 4.8%
- Volume vs 20D
- 0.31x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹221 - ₹275
₹282.1
₹98 - ₹282.1
₹11.5
Latest completed session
20-session average
81.1% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE57
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bullish69
Price trend and sector-relative-strength timing.
Valuation
Legacy model+16.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence66
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 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹63 Cr | NDF | +90.9% |
| EBITDA | ₹10 Cr | NDF | +78.3% |
| Operating margin | 15.0% | NDF | +38 bps |
| PAT | ₹6 Cr | NDF | +100.0% |
| PAT margin | 9.5% | NDF | +37 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 26.70
- P/B
- 6.42
- EV/EBITDA
- 16.76
- Market Cap
- 275.00Cr
Profitability
- ROE
- 42.80%
- ROCE
- 45.90%
- ROA
- 13.33%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 148.18%
- EPS 5Y
- 216.23%
- Revenue 3Y
- 153.00%
- EPS 3Y
- 456.00%
Balance Sheet
- Debt/Equity
- 0.23
- Interest Coverage
- 8.50×
- Altman Z
- 8.23
- Book Value
- 37.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -13.00 Cr
- EPS TTM
- 8.98
Shareholding
- Promoter Hold
- 71.43%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 77%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 107+101.9% vs prev
Net Profit
₹ CrLatest: 10.0+150.0% vs prev
Return on Equity
%Latest: 23.3-70.3% 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 unclear. RSI 50. Wait for confirmation.
- SMA20 falling (~1.7% over last month) — short-term momentum negative.
- RSI(14) at 50 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 15% off 52W high · 145% 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
93
RS percentile
Stage 2 UptrendRecent S2
1M return
-5.9%
3M return
-10.8%
6M return
+112.3%
1Y return
-
RS 1D
+1
RS 20D
-3
Sector rank
#8
Industry rank
-
Stage evidence
- Price is 29.8% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +10.6%.
50-DMA
price below
200-DMA
unavailable
S2 observed by
07 Oct 2026
S2 age
8 trading sessions
Sector
improving
Industry
unranked
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
170 observations
19 Oct 2026Value 221.08+1.04%
RS vs Nifty 500221
Valuation & peers
U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation4/30
Growth25/25
Quality18/20
Balance Sheet10/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
57
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
57/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 16.8%.
- Growth contributes 25/25 to the score.
- Quality contributes 18/20 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Valuation is weaker at 4/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
26.7
PB
6.4
EV/EBITDA
16.8
ROE
42.8%
ROCE
45.9%
FCF Yield
—
Debt/Equity
0.2
MoS
+16.8%
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
57
Previous: 57
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+16.8%
Previous: +16.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
57
57
57
57
57
57
57
57
57
57
57
57
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
₹86.93
-176.0% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹288.26
+16.8% MoS
PEG
0.09
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
ALUWIND
SME
Aluwind Infra-Tech Ltd.
IT
match 88
60
11.6
15.0%
+66%
UNDERVALUED
DEVIT
Small
Dev Information Technology Limited
IT Services / Digital
match 81
39
21.0
-41.7%
+95%
WATCHLIST
OSWALGREEN
Small
Oswal Greentech Limited
IT Services / Digital
match 80
61
11.7
1.9%
+63%
UNDERVALUED
TDPOWERSYS
Micro
TD Power Systems Limited
IT Services / Digital
match 56
55
89.4
24.7%
-113%
FAIR VALUE
UTLSOLAR
Micro
Fujiyama Power Systems Limited
IT Services / Digital
match 54
32
27.2
—
+5%
WATCHLIST
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
Issuer presentation review pending
EPW India Ltd. operates in the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
66Limited 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 49th percentile of the scored universe and 45th percentile within IT. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
49th percentile
overall median 67 · IT: 45th pctile, median 69 · SME: 60th pctile, median 64
Evidence depth
Financial-only
0 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
28
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
80
strong · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 71.4%.
- ▸Promoter pledge is zero.
- ▸ROCE is 45.9%.
Trust risks
- ▸Operating cash flow is negative at ₹-13 Cr.
- ▸Only 0 years of positive FCF.
- ▸ROCE trend is -24.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching EPW India Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.