Annual reportSep 2026
Sep 2026 · Copy of Newspaper Publication 7 Sep - Published AGM notice and annual report in newspapers on 6 September 2026, with voting details.
Source: Nse
Newjaisa Technologies Ltd. (NEWJAISA)
SME CapIT stocks · SME cap · NSE
Newjaisa Technologies Ltd. is India's leading full-stack refurbished electronics company, specializing in laptops and desktops. It provides end-to-end IT lifecycle services, including refurbishment, data sanitization, and asset management, serving both D2C and institutional B2B channels.
₹16.7
+0.45 · +2.77%
Market cap ₹59.7 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals20 Oct 2026 · screener
Latest result01 Jun, 07:56 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 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
54Neutralfull bear SMA stack · SMA20 -4.1% / mo · MACD − · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 23
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
NEWJAISAD candles · FIT view-33.7%Latest close ₹16.70 on 2026-10-19
Bar
+7.7%
RSI
50
MACD hist
-0.03
52W pos
13%
2026-10-19O ₹15.50H ₹16.70L ₹15.50C ₹16.70Vol 15,000 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
NEWJAISANifty ITNifty 500
- NEWJAISA
- +2.1%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +7.7 pp
Chart stats
19 Oct 2026- From 52W high
- -62.8%
- 52W range position
- 11%
- ATR (14)
- 4.9%
- Volume vs 20D
- 0.32x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹14.9 - ₹19.3
₹44.9
₹13.4 - ₹44.9
₹0.8
Latest completed session
20-session average
51.5% 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
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED14
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -52.8% · PAT -533.3% YoY
Technical
Neutral54
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence46
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
Bad · 0/100Rev -53% YoY · PAT -533% YoY · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹17 Cr | -52.8% | -26.1% |
| EBITDA | ₹-13 Cr | NDF | -225.0% |
| Operating margin | -74.0% | NDF | -5800 bps |
| PAT | ₹-13 Cr | -533.3% | NDF |
| PAT margin | -76.5% | NDF | -5473 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 1.04
- EV/EBITDA
- —
- Market Cap
- 59.70Cr
Profitability
- ROE
- -25.70%
- ROCE
- -24.50%
- ROA
- -23.61%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 33.00%
- EPS 5Y
- -2.00%
- Revenue 3Y
- -3.00%
- EPS 3Y
- -47.00%
Balance Sheet
- Debt/Equity
- 0.21
- Interest Coverage
- -17.00×
- Altman Z
- 3.40
- Book Value
- 16.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -2.00 Cr
- EPS TTM
- -4.87
Shareholding
- Promoter Hold
- 60.31%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 13%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 40.0-39.4% vs prev
Net Profit
₹ CrLatest: -17.0-1600.0% vs prev
Return on Equity
%Latest: -29.3-2189.8% 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 50. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.2% over last month) — short-term momentum negative.
- RSI(14) at 50 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 57% off 52W high · 25% 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
7
RS percentile
Stage 4 Downtrend
1M return
-7.2%
3M return
-1.2%
6M return
-36.1%
1Y return
-54.6%
RS 1D
+1
RS 20D
+1
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 11.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
253 observations
19 Oct 2026Value 40.73+3.82%
RS vs Nifty 50041
Valuation & peers
U-Score 14 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 14 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth6/25
Quality0/20
Balance Sheet10/15
Cash Flow0/10
Piotroski
2/9 (+0)
Penalties
-7
Raw sum
14
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
14/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 10/15 to the score.
- Growth contributes 6/25 to the score.
- Valuation contributes 5/30 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; 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
—
PB
1.0
EV/EBITDA
—
ROE
-25.7%
ROCE
-24.5%
FCF Yield
—
Debt/Equity
0.2
MoS
—
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
14
Previous: 14
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
14
14
14
14
14
14
14
14
14
14
14
14
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
—
Growth-justified P/E
6.3
Growth-justified Value
—
— MoS
PEG
—
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
PARAMATRIX
SME
Paramatrix Technologies Ltd.
IT Services / Digital
match 131
15
24.8
4.0%
-580%
OVERVALUED
SATECH
SME
S A Tech Software India Ltd.
IT Services / Digital
match 130
13
22.9
5.0%
-6618%
OVERVALUED
TRUST
SME
Trust Fintech Ltd.
IT Services / Digital
match 130
37
7.9
7.0%
-241%
WATCHLIST
VERTEXPLUS
SME
Vertexplus Technologies Ltd.
IT Services / Digital
match 128
7
—
-21.4%
—
OVERVALUED
ADDICTIVE
SME
Addictive Learning Technology Ltd.
IT Services / Digital
match 128
44
51.8
1.7%
-114%
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
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-08-20T08:15:38.758Z
Management commentary snapshot
FY26 revenue declined 38% YoY to ₹40.5 Cr, with a PAT loss of ₹17.42 Cr, significantly impacted by a ₹12.38 Cr inventory write-off. Gross margin remained stable at 36%, but units sold halved to 23,506.
The company faced significant revenue contraction and a substantial net loss in FY26, primarily due to channel disruption and inventory obsolescence. While management has taken steps to rationalize costs and diversify channels, the scale of the decline and the large write-off indicate material operational challenges.
Growth engines
D2C Digital Channel
Scaling upDirect-to-consumer website is now a primary revenue channel, with active users surpassing 1 million monthly and ongoing optimization.
Institutional B2B Channel
Scaling upActive engagement with large corporates across BFSI, BPO, Retail; dedicated enterprise sales team operational and scaling, multiple POs executed in H2 FY26.
Value-Added Services
New revenue streamOffering end-to-end IT lifecycle services (refurbishment, data sanitization, asset management) with a capital-light, high-margin fee-based model.
Distribution Partnerships
Expanding reachMOUs signed with established electronics distribution partners in South India to extend reach to Tier 2 and Tier 3 cities; B2R channel operational.
Capacity and execution
R2v3 Certification
AchievedReceived R2v3 Certification, placing the company among top 5 refurbishers in India and enabling direct engagement with large corporates.
In-house Component Repair Capability
OperationalDeveloped India's only 100% in-house component repair capability at display and motherboard level.
AI-driven Diagnostics
Operational10-step refurbishment process with AI-driven diagnostics operational, along with 70+ quality checks and video-proof QC reports.
Tailwinds
Growing Demand for Refurbished Devices
PositiveManagement states India's appetite for quality refurbished devices continues to grow.
Cost-Conscious Enterprises
OpportunityEnterprises, while cautious, are cost-conscious, creating a potential market for refurbished IT solutions.
Headwinds
Technology Shift
Impacted inventoryMarket demand shifted to higher-specification devices, making older-configuration inventory non-realisable at carrying cost.
Channel Disruption
Significant impactExit of a major marketplace from refurbished electronics in March 2025 caused abrupt and material revenue disruption.
Spare Parts Obsolescence
Impacted inventoryLegacy spare parts and components for older models became obsolete, assessed at approximately nil Net Realisable Value.
Risk radar
Inventory Obsolescence
HighRisk of older-generation laptops/desktops and spare parts becoming non-realisable due to rapid technology shifts and changing market demand.
Channel Dependency
MitigatingPast reliance on a single major marketplace led to abrupt revenue disruption, highlighting risks of concentrated sales channels.
Enterprise Adoption Hesitation
Ongoing challengeEnterprises remain cautious about adopting refurbished IT due to concerns around quality consistency, warranty, and serviceability.
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 essential for assessing the full impact of the channel disruption and technology shift on annual financials. QoQ/monthly data is crucial for monitoring the sequential recovery in sales, EBITDA trajectory, and the execution of new B2B pipeline post-disruption.
Sector KPIs management disclosed
Units Sold (Laptops + Desktops)
Declined significantlyFY26: 23,506 units (13,920 Laptops, 9,586 Desktops) vs FY25: 49,850 units.
Gross Margin %
StableFY26: 36% vs FY25: 35%.
EBITDA (before extraordinary)
Turned negativeFY26: -6% vs FY25: 1%.
Inventory Write-off (one-time)
Significant impact₹12.38 Cr in FY26, due to technology shift, channel disruption, and spare parts obsolescence.
Management forward view
Disruption was Channel-Driven
ClaimManagement states the disruption was channel-driven, not demand-driven, and the fundamentals of the business are intact.
Strategic Transformation Year
PerspectiveFY26 was a year of significant disruption and deliberate transformation, with actions taken to build new revenue channels and trust infrastructure.
Cost Rationalization
Action takenHeadcount reduced ~37% initially, and operating fixed costs brought down ~46% to sustainable levels aligned with the new operating model.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA % | Jan: -6%, Mar: 4%, Jun (proj): 5% | Sustained positive EBITDA margin expansion and stabilization of variable costs at 85%. |
| B2B Revenue Pipeline Conversion | Confirmed POs, Hot Pipeline (80% conversion applied), Warm Pipeline (35% conversion applied). | Successful conversion and execution of large B2B orders, especially the ~6,000 unit service engagement in Q2-Q3 FY27. |
| Inventory Turnover Velocity | Inventory at ₹26.67 Cr (36% of assets) post write-off. | Reduction in inventory days and improved turnover velocity through active sales cycles and new channels. |
| D2C Digital Channel Growth | Active users surpassed 1 million monthly. | Continued growth in organic traffic, conversion rates, and its contribution as a primary revenue channel. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
46Limited 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 3rd percentile of the scored universe and 3rd percentile within IT. Main check: results consistency is weak at 17/100.
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
3rd percentile
overall median 67 · IT: 3rd pctile, median 69 · SME: 3rd 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
28
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
22
weak · capital discipline
Results
17
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 61%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Operating cash flow is negative at ₹-2 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 2.3%.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Newjaisa Technologies Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Copy of Newspaper Publication 4 Sep - Newspaper ads published for 6th AGM on September 30, 2026, with e-voting and annual report dispatch.
Source: Nse
Annual reportSep 2026
Sep 2026 · Shareholders meeting 5 Sep - AGM on Sept 30, 2026; e-voting Sept 27-29; annual report FY2025-26 circulated.
Source: Nse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Nse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Concall transcriptNov 2025
Nov 2025 · Transcript
Source: Nse
Investor presentationJul 2025
Jul 2025 · PPT
Source: Company Ir
Concall transcriptJul 2025
Jul 2025 · Transcript
Source: Nse
Annual report
Corrigendum 18 Sep - FY 2025-26 annual report corrigendum fixes ESOP disclosure errors; revised report and AGM notice issued for Sept. 30 AGM.
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.