Investor presentationApr 2026
Apr 2026 · PPT
Source: Nse
Fidel Softech Ltd. (FIDEL)
SME CapIT stocks · SME cap · NSE
Fidel Softech assists clients globally with innovative technology-driven solutions and services in local languages, aiming to break language barriers. Offerings include IT & Consulting (Enterprise, FinTech, AI, Cloud, Bilingual IT) and Language Localization & Engineering (Software, MTPE, Multilingual LLM), plus Japan-India Business Consulting.
₹177.75
+7.75 · +4.56%
Market cap ₹246 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 12:55 pm ISTDetails
Quote21 Oct, 12:55 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 12:43 am 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
79BullishSMA20 +19.9% / mo · MACD − · sector +19.2pp vs Nifty 500 (3M)
Stock trend: 64
Sector RS: 100
Sector 3M: +13.2% vs Nifty 500 -6.0%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
FIDELD candles · FIT view+0.7%TODAY · PROVISIONALLatest price ₹177.75 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.6%
RSI
57
MACD hist
-0.95
52W pos
76%
2026-10-21O ₹180.60H ₹180.60L ₹170.00C ₹177.75Vol 4,000 shIntraday candle
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
FIDELNifty ITNifty 500
- FIDEL
- +12.4%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +18.0 pp
Chart stats
19 Oct 2026- From 52W high
- -15.0%
- 52W range position
- 67%
- ATR (14)
- 4.6%
- Volume vs 20D
- 0.06x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹157 - ₹183.8
₹200
₹108.1 - ₹200
₹7.8
Latest completed session
20-session average
53.2% 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 VALUE58
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +127.9% · PAT -12.4% YoY
Technical
Bullish79
Price trend and sector-relative-strength timing.
Valuation
Legacy model+42.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
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 -12% YoY · margin compression · Rev +128% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹37.9 Cr | +127.9% | +1.8% |
| EBITDA | ₹4.4 Cr | +3.3% | -3.7% |
| Operating margin | 11.7% | -1410 bps | -66 bps |
| PAT | ₹3.2 Cr | -12.4% | -26.7% |
| PAT margin | 8.4% | -1343 bps | -326 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.20
- P/B
- 4.40
- EV/EBITDA
- 17.00
- Market Cap
- 246.00Cr
Profitability
- ROE
- 25.80%
- ROCE
- 25.90%
- ROA
- 11.76%
- Dividend Y
- 1.26%
Growth (CAGR)
- Revenue 5Y
- 66.85%
- EPS 5Y
- 24.72%
- Revenue 3Y
- 11.00%
- EPS 3Y
- 11.00%
Balance Sheet
- Debt/Equity
- 0.77
- Interest Coverage
- 16.00×
- Altman Z
- 4.49
- Book Value
- 40.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 8.00 Cr
- EPS TTM
- 9.64
Shareholding
- Promoter Hold
- 73.07%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 77%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 37.9+1.8% vs prev
Net Profit
₹ CrLatest: 3.2-26.7% 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
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 57. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~16.1% over last month) — short-term momentum positive.
- RSI(14) at 57 — sideways, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 11% off 52W high · 64% 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
72
RS percentile
Stage 2 UptrendRecent S2
1M return
+5.2%
3M return
+9.2%
6M return
+28.8%
1Y return
-3.4%
RS 1D
0
RS 20D
+20
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 12.0% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
30 Sept 2026
S2 age
13 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
229 observations
19 Oct 2026Value 97.43-3.99%
RS vs Nifty 50097
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation13/30
Growth16/25
Quality16/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
-3
Raw sum
58
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
58/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 42.5%.
- Quality contributes 16/20 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Valuation is weaker at 13/30; 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
18.2
PB
4.4
EV/EBITDA
17.0
ROE
25.8%
ROCE
25.9%
FCF Yield
—
Debt/Equity
0.8
MoS
+42.5%
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
58
Previous: 58
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+42.5%
Previous: +45.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
59
59
59
59
56
56
55
55
55
55
58
58
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
₹93.96
-89.2% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹309.44
+42.5% MoS
PEG
0.95
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
MARC
SME
Marc Technocrats Ltd.
IT Services / Digital
match 159
52
25.4
21.6%
+21%
FAIR VALUE
ALLETEC
SME
All E Technologies Ltd.
IT Services / Digital
match 158
80
9.6
17.0%
+69%
DEEP VALUE
TECHLABS
SME
Trident Techlabs Ltd.
IT Services / Digital
match 156
35
32.4
10.1%
+5%
WATCHLIST
DELAPLEX
SME
Delaplex Ltd.
IT Services / Digital
match 156
51
12.3
15.7%
+47%
FAIR VALUE
SYSTANGO
SME
Systango Technologies Ltd.
IT Services / Digital
match 155
83
10.4
25.5%
+70%
DEEP VALUE
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 2026-07-08T02:41:57.503Z
Management commentary snapshot
Q4 FY26 Revenue grew 155% YoY to ₹37.27 Cr, with PAT up 42% YoY to ₹4.34 Cr. For FY26, revenue surged 85% YoY to ₹102.35 Cr, and PAT increased 50% YoY to ₹14.05 Cr, achieving the ₹100+ Cr annual revenue milestone.
Fidel Softech demonstrates strong top-line growth, driven by strategic acquisitions and a shift to a hybrid global delivery model. While full-year margins saw slight moderation due to investments, management expects improvement as overseas scale matures. The company is actively building a scalable global platform with a focus on AI-enabled services and strategic M&A.
Current business mix
Consolidated Sales Performance by Division
Latest issuer-disclosed distribution across 2 reported categories.
IT Consulting71.0%
Localization29.0%
Growth engines
Geographic Expansion
Deepening US, Japan, and India presence with niche Japan strength, leveraging existing and new competencies.
AI-Enabled Services
Multiplier for existing capabilities (language localization, managed services, enterprise delivery) and entry into deeper client engagements.
Strategic M&A
Mapped to clear opportunities for faster market access and cross-sell, without equity dilution.
Managed Services & Enterprise Solutions
Focus on these areas as part of building towards 5X growth in 5 years.
Capacity and execution
New Hires
66 new hires in Q4 FY26, strengthening execution capacity.
Tailwinds
AI as a Growth Multiplier
Management views AI as an enabler, expanding demand rather than replacing it, with growing engagement in AI proof-of-concepts.
Strong Global Positioning
Established US-Japan-India corridor with unique strength in Japan, characterized by high entry barriers and strong differentiation.
Hybrid Delivery Model
Evolution to onsite strength in Japan/US backed by scalable offshore capabilities, enabling larger deals and improved pricing power.
Headwinds
Margin Moderation
Slight margin moderation in FY26 due to scaling and investments, with margin improvement expected as overseas scale matures.
Risk radar
Market and Geopolitical Conditions
The ambitious '5x in 5 years' revenue target is stated to be subject to market and geopolitical conditions.
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
YoY comparison is crucial for assessing overall annual growth and the impact of strategic acquisitions. QoQ comparison is important for understanding sequential momentum, especially given the recent business expansion and integration of acquired entities.
Sector KPIs management disclosed
New Customer Additions
20 new customers added in Q4 FY26.
Managed Services Contract Win
Secured a 100M JPY annual managed services contract in Japan.
AI Services Contribution
AI services contributed approximately ₹3 Cr in FY26.
Employee Base
500+ Global Employees across Fidel Group worldwide.
Management forward view
Long-Term Revenue Ambition
Building toward 5X revenue in 5 years, with a ₹300 Cr revenue ambition over the next 3-3.5 years.
CAGR and Margin Targets
Targeting 30–40% CAGR with double-digit PAT margins and margin expansion at scale.
NSE Main Board Migration
Planning migration to NSE Main Board, subject to conditions.
Strategic M&A Approach
M&A is disciplined and strategy-led, focusing on capability enhancement, market access, new clients, and talent strength.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | FY26: 85% YoY | Sustained 30-40% CAGR towards the 5X in 5 years target. |
| PAT Margins | FY26: 13.7% (PAT/Revenue) | Improvement towards double-digit PAT margins as overseas operations mature and scale. |
| Offshore Component Scaling | Shift to hybrid delivery with increased onsite component. | Increase in offshore components to scale, driving overall margin expansion. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
71Limited 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 66th percentile of the scored universe and 62nd percentile within IT. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
18 docs text-extracted · 9 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · IT: 62nd pctile, median 69 · SME: 85th pctile, median 64
Evidence depth
Financial-only
18 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
81
strong · leverage and solvency
Discipline
82
strong · capital discipline
Results
69
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 73.1%.
- ▸Promoter pledge is zero.
- ▸ROCE is 25.9%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸OPM spread across recent quarters is 15%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Fidel Softech Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptApr 2026
Apr 2026 · Transcript
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationOct 2025
Oct 2025 · PPT
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Concall transcriptOct 2025
Oct 2025 · Transcript
Source: Company Ir
Investor presentationApr 2025
Apr 2025 · PPT
Source: Nse
Concall transcriptApr 2025
Apr 2025 · Transcript
Source: Company Ir
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationNov 2024
Nov 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.