Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Nse
Trident Techlabs Ltd. (TECHLABS)
SME CapIT stocks · SME cap · NSE
Trident Techlabs Ltd. (TECHLABS) is an Indian listed company with CIN L74899DL2000PLC105611 and ISO 27001:2022 certification. The company has submitted an investor presentation on its audited standalone and consolidated financial results for the half year and year ended March 31, 2026.
₹106.85
+1.85 · +1.76%
Market cap ₹197 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result24 May, 12:53 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
51Neutralfull bear SMA stack · SMA20 -7.4% / mo · MACD − · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 18
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
TECHLABSD candles · FIT view-51.4%Latest close ₹106.85 on 2026-10-19
Bar
-0.2%
RSI
39
MACD hist
-0.60
52W pos
3%
2026-10-19O ₹107.10H ₹109.50L ₹105.00C ₹106.85Vol 16,125 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
TECHLABSNifty ITNifty 500
- TECHLABS
- -24.9%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -19.3 pp
Chart stats
19 Oct 2026- From 52W high
- -78.3%
- 52W range position
- 3%
- ATR (14)
- 6.4%
- Volume vs 20D
- 0.72x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹96.6 - ₹132
₹492
₹96.6 - ₹492
₹6.9
Latest completed session
20-session average
40.8% 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
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST35
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -47.5% · PAT -142.6% YoY
Technical
Neutral51
Price trend and sector-relative-strength timing.
Valuation
Legacy model+5.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
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 -47% YoY · PAT -143% YoY · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹33.7 Cr | -47.5% | -46.9% |
| EBITDA | ₹-3.9 Cr | NDF | -123.3% |
| Operating margin | -11.7% | NDF | -3817 bps |
| PAT | ₹-5.3 Cr | -142.6% | -146.7% |
| PAT margin | -15.7% | NDF | -3366 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 32.40
- P/B
- 3.14
- EV/EBITDA
- 15.27
- Market Cap
- 197.00Cr
Profitability
- ROE
- 10.10%
- ROCE
- 16.50%
- ROA
- 6.07%
- Dividend Y
- 0.88%
Growth (CAGR)
- Revenue 5Y
- 28.00%
- EPS 5Y
- 104.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 9.00%
Balance Sheet
- Debt/Equity
- 0.36
- Interest Coverage
- 4.87×
- Altman Z
- 5.43
- Book Value
- 36.30
Cash Flow
- FCF Yield
- 3.77%
- FCF Positive Y
- 2/5
- OCF
- 8.06 Cr
- EPS TTM
- 3.51
Shareholding
- Promoter Hold
- 68.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 33.7-46.9% vs prev
Net Profit
₹ CrLatest: -5.3-146.7% 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
Bearish setupTrend is weak — long-term trend down. RSI 39.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~8.0% over last month) — short-term momentum negative.
- RSI(14) at 39 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 78% off 52W high · 11% 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
2
RS percentile
Stage 4 Downtrend
1M return
-12.9%
3M return
-24.9%
6M return
-52.5%
1Y return
-76.5%
RS 1D
0
RS 20D
-1
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 30.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -7.2%.
- 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)
262 observations
19 Oct 2026Value 21.93+2.81%
RS vs Nifty 50022
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth20/25
Quality2/20
Balance Sheet9/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
-7
Raw sum
35
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
35/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 3.8%.
- Piotroski is strong at 8/9.
- Growth contributes 20/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Quality is weaker at 2/20; 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
32.4
PB
3.1
EV/EBITDA
15.3
ROE
10.1%
ROCE
16.5%
FCF Yield
3.8%
Debt/Equity
0.4
MoS
+5.2%
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
35
Previous: 35
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+5.2%
Previous: +3.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
33
33
33
33
33
35
35
35
35
35
35
35
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
₹53.54
-99.6% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹112.67
+5.2% MoS
PEG
0.49
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
MACOBSTECH
SME
Macobs Technologies Ltd.
IT Services / Digital
match 159
22
65.5
8.3%
-109%
OVERVALUED
DELAPLEX
SME
Delaplex Ltd.
IT Services / Digital
match 157
51
12.3
15.7%
+47%
FAIR VALUE
FIDEL
SME
Fidel Softech Ltd.
IT Services / Digital
match 156
58
18.2
25.8%
+44%
FAIR VALUE
MARC
SME
Marc Technocrats Ltd.
IT Services / Digital
match 155
52
25.4
21.6%
+21%
FAIR VALUE
ENFUSE
SME
Enfuse Solutions Ltd.
IT Services / Digital
match 155
13
—
-56.3%
—
OVERVALUED
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 2026-10-02T08:11:58.484Z
Management commentary snapshot
The company has intimated the submission of its investor presentation for the audited standalone and consolidated financial results for the half year and year ended March 31, 2026. No financial or operational details are provided in this intimation.
No financial or operational data, KPIs, or management commentary are available in the provided document to assess the company's performance or investment thesis. The document is solely an intimation of an investor presentation.
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
The provided document is an intimation of an investor presentation and does not contain any financial or operational results, KPIs, or other data points to determine an appropriate comparison basis (YoY or QoQ).
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
69Limited 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 59th percentile of the scored universe and 54th percentile within IT. Main check: results consistency is weak at 38/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · IT: 54th pctile, median 69 · SME: 77th pctile, median 64
Evidence depth
Financial-only
8 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
65
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
38
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 68%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.7%.
Trust risks
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 47.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Trident Techlabs Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
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All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.