Annual reportSep 2026
Sep 2026 · General Updates 19 Aug - Paramatrix Technologies will hold its 22nd AGM on 15 September 2026 via VC/OAVM and sent annual report links.
Source: Nse
Paramatrix Technologies Ltd. (PARAMATRIX)
SME CapIT stocks · SME cap · NSE
Paramatrix Technologies Ltd. (Paramatrix) is an IT solutions provider specializing in software development, IT consulting, and system integration. It delivers enterprise applications, data analytics, and digital transformation services across BFSI, government, healthcare, and education. The company leverages AI, cloud, blockchain, and big data, with products like Playmity and XSIGHT.
₹56
-1.00 · -1.75%
Market cap ₹64.4 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 result24 May, 12:50 am IST
Score20 Oct, 05:22 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
66BullishSMA20 -4.2% / mo · MACD + · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 44
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
PARAMATRIXD candles · FIT view-18.8%Latest close ₹56.00 on 2026-10-19
Bar
+0.0%
RSI
45
MACD hist
0.16
52W pos
12%
2026-10-19O ₹56.00H ₹56.00L ₹56.00C ₹56.00Vol 1,200 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
PARAMATRIXNifty ITNifty 500
- PARAMATRIX
- -3.4%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +2.1 pp
Chart stats
19 Oct 2026- From 52W high
- -47.2%
- 52W range position
- 9%
- ATR (14)
- 4.8%
- Volume vs 20D
- 0.28x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹54 - ₹65.5
₹106
₹51 - ₹106
₹2.7
Latest completed session
20-session average
62.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED15
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +4.2% · PAT -116.4% YoY
Technical
Bullish66
Price trend and sector-relative-strength timing.
Valuation
Legacy model-579.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
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 · 0/100PAT -116% YoY · margin compression · Rev +4% YoY
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹14.8 Cr | +4.2% | +4.9% |
| EBITDA | ₹-1.6 Cr | NDF | -192.6% |
| Operating margin | -11.0% | NDF | -2354 bps |
| PAT | ₹-0.4 Cr | -116.4% | -113.1% |
| PAT margin | -2.6% | NDF | -2317 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.80
- P/B
- 1.02
- EV/EBITDA
- 40.57
- Market Cap
- 64.40Cr
Profitability
- ROE
- 4.02%
- ROCE
- 4.18%
- ROA
- 2.97%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 3.00%
- EPS 5Y
- -11.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- -6.00%
Balance Sheet
- Debt/Equity
- 0.21
- Interest Coverage
- 9.25×
- Altman Z
- 3.31
- Book Value
- 55.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 5.99 Cr
- EPS TTM
- 2.27
Shareholding
- Promoter Hold
- 57.22%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 12%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 14.8+4.9% vs prev
Net Profit
₹ CrLatest: -0.4-113.1% 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 trend unclear. RSI 45. Wait for confirmation.
- SMA20 falling (~4.4% over last month) — short-term momentum negative.
- RSI(14) at 45 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 39% off 52W high · 10% 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
22
RS percentile
Stage 4 Downtrend
1M return
+0.0%
3M return
-18.8%
6M return
-29.5%
1Y return
-
RS 1D
+3
RS 20D
+2
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 17.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -5.1%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
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)
149 observations
19 Oct 2026Value 69.19-1.77%
RS vs Nifty 50069
Valuation & peers
U-Score 15 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 15 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation3/30
Growth1/25
Quality0/20
Balance Sheet11/15
Cash Flow4/10
Piotroski
6/9 (+3)
Penalties
-7
Raw sum
15
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
15/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 11/15 to the score.
- Cash flow contributes 4/10 to the score.
- Valuation contributes 3/30 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Fair-value margin of safety is negative at -579.6%.
- 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
24.8
PB
1.0
EV/EBITDA
40.6
ROE
4.0%
ROCE
4.2%
FCF Yield
—
Debt/Equity
0.2
MoS
-579.6%
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
15
Previous: 15
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-579.6%
Previous: -579.6%
Score history
12 stored score snapshots. Latest stored move: -1 points.
20 Oct 2026
v4.3-runtime-valuation
16
16
16
16
16
16
16
16
16
16
16
15
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
₹53.05
-5.6% MoS
Growth-justified P/E
3.6
Growth-justified Value
₹8.24
-579.6% 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
SATECH
SME
S A Tech Software India Ltd.
IT Services / Digital
match 157
13
22.9
5.0%
-6618%
OVERVALUED
VERTEXPLUS
SME
Vertexplus Technologies Ltd.
IT Services / Digital
match 155
7
—
-21.4%
—
OVERVALUED
MICROPRO
SME
Micropro Software Solutions Ltd.
IT Services / Digital
match 154
14
—
-2.9%
—
OVERVALUED
ODIGMA
Small
Odigma Consultancy Solutions Limited
IT Services / Digital
match 154
11
—
-1.6%
—
OVERVALUED
SYNOPTICS
SME
Synoptics Technologies Ltd.
IT Services / Digital
match 154
53
10.5
5.7%
+70%
FAIR 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 2026-08-21T07:19:04.292Z
Management commentary snapshot
Paramatrix reported strong H2 FY25 performance with Total Income up 14.46% YoY to ₹16.60 Cr, EBITDA surging 49.55% YoY to ₹4.96 Cr, and Net Profit increasing 46.85% YoY to ₹3.41 Cr. Full-year FY25 also saw Total Income rise to ₹31.33 Cr and Net Profit to ₹5.76 Cr.
The company demonstrated robust H2 FY25 financial growth, driven by new client engagements and international expansion. Strategic initiatives like the Japan acquisition and equity buyback reflect management's confidence. While full-year FY25 revenue growth was modest, profitability improved significantly from FY24, suggesting operational leverage.
Current business mix
Revenue by Services (FY25)
Latest issuer-disclosed distribution across 2 reported categories.
Digital Transformation Services79.0%
Managed Services21.0%
Growth engines
New Client Engagements & Long-term Contracts
Secured ₹24.43 Cr in long-term contracts in 2025, adding fresh energy to the business.
International Expansion
Expansion into new geographies, including Japan and Southeast Asia, opened exciting avenues.
Digital Transformation Services
79% of FY25 revenue from Digital Transformation Services, indicating strong demand.
Proprietary Products & Accelerators
Flagship products Playmity and XSIGHT enhance employee engagement and data-driven decision-making.
Capacity and execution
Japan Acquisition
Acquisition in Japan laid the foundation for deeper international integration.
Global Presence
Established Paramatrix Technologies KK (Japan) subsidiary.
Tailwinds
Global Digital Transformation Momentum
Momentum behind digital transformation, AI adoption, and cloud migration continues to accelerate.
Indian IT Services Export Growth
Export earnings grew 11% YoY in FY2023, expected to grow at 8-9% CAGR from FY2023-2027.
Indian Technology SME Industry Growth
Projected to grow at 14-16% CAGR from FY2023-2027, reaching $29.5–31.5 billion by FY2027.
Strong Demand in Key Sectors
Strong demand in BFSI, FinTech, and Cybersecurity markets.
Risk radar
High Client Concentration
The Top 10 Clients Accounted For 89% Of The Total Revenue FY25.
Competition
The IT industry is competitive, with risks related to the company's ability to successfully implement its strategy (Disclaimer).
Technological Implementation & Advancements
Risks include technological implementation, changes and advancements (Disclaimer).
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 YOY
The presentation explicitly provides H2 FY25 vs H2 FY24 and FY25 vs FY24 comparisons, which are suitable for assessing performance trends over time, especially for a service-oriented business.
Sector KPIs management disclosed
Total Income (H2 FY25)
₹16.60 Cr, up 14.46% YoY from ₹14.50 Cr in H2 FY24.
EBITDA (H2 FY25)
₹4.96 Cr, up 49.55% YoY from ₹3.32 Cr in H2 FY24. EBITDA margin improved to 29.88% from 22.87%.
Net Profit (H2 FY25)
₹3.41 Cr, up 46.85% YoY from ₹2.32 Cr in H2 FY24. Net Profit margin improved to 20.54% from 16.01%.
Total Income (FY25)
₹31.33 Cr, up from ₹28.60 Cr in FY24.
Management forward view
Strong H2 FY25 Momentum
H2 FY25 has been a defining chapter, with strong momentum across core service areas, new client engagements, and long-term contracts.
Strategic Initiatives
Acquisition in Japan laid foundation for deeper international integration; equity buyback reflects conviction in long-term value.
Future Growth Focus
Continue to invest in delivery excellence, talent development, and emerging technologies like AI.
Global Business Strategy
Expand footprint across new industries and untapped geographies like the Middle East and East Asia, strengthening presence among large corporate accounts.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| International Expansion | Expanded into Japan and Southeast Asia, established Paramatrix Technologies KK (Japan). | Further expansion into Middle East and East Asia, success in strengthening presence among large corporate accounts. |
| Client Concentration | Top 10 clients account for 89% of FY25 revenue. | Diversification of client base to reduce revenue concentration risk. |
| Product & Accelerator Development | Flagship products Playmity and XSIGHT, commitment to advancing accelerators. | New product launches, adoption rates, and revenue contribution from proprietary solutions. |
| Profitability & Margins | H2 FY25 EBITDA margin 29.88%, Net Profit margin 20.54%. | Sustained or improved margins amidst expansion and investment in new technologies. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
63Limited 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 38th percentile of the scored universe and 36th percentile within IT. Main check: financial discipline is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 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
38th percentile
overall median 67 · IT: 36th pctile, median 69 · SME: 45th pctile, median 64
Evidence depth
Financial-only
2 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
90
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
22
weak · capital discipline
Results
38
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 57.1%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 2.3%.
- ▸5 years of positive FCF.
Trust risks
- ▸ROCE is low at 4.2%.
- ▸ROE is low at 4%.
- ▸ROCE trend is -7.8%.
- ▸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.
Continue researching Paramatrix Technologies Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Shareholders meeting 19 Aug - FY2025-26 annual report released; 22nd AGM set for 15 September 2026 with e-voting from 10-14 September.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationJun 2025
Jun 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationMar 2025
Mar 2025 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.