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Srit India Ltd (SRIT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544965 NSE: SRIT IT - Software | Small Cap | Srit India Share Price

₹126.35 -6.65 (-5.00%)

As on 12-Oct'26 16:59

Srit India Ltd (SRIT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544965 NSE: SRIT IT - Software | Small Cap | Srit India Share Price

₹126.35 -6.65 (-5.00%)

As on 12-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹855 Cr.
Current Price
₹126.4
52-Week Low / High
₹133 / 155
TTM EPS
₹6.7
TTM Sales
₹450 Cr.
Book Value per Share
₹72.3
P/E Ratio
19.74
Industry PE
20.1
Price to Book (P/B)
1.84
Price to Sales (P/S)
1.90
EV/EBITDA
11.24
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
30.23%
Outperforms industry median
Return on Capital Employed (ROCE)
36.76%
Outperforms industry median
Return on Assets (ROA)
7.85%
Operating Profit Margin
14.5%
Net Profit Margin
9.62%
Gross Profit Margin
14.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
45.99%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
28.84%
Asset Quality
Promoter Holding
62.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹433 Cr.
Equity
₹32.1 Cr.
Face Value
₹5
All Time Low / High
₹139.80 / 155.05

Srit India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

NA

Price Trend

Weak
Q.1 Is Srit India Ltd a good quality company?
Srit India Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Srit India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Srit India Ltd vs industry peers?
Srit India Ltd revenue CAGR is 43.64%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Srit India Ltd?
Promoters hold 62.71% of the Srit India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Srit India Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Srit India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ22%123.8%109.2%24.9%120.1%39%41.1%135.9%39.3%37.9%-
Value Creation
Index ⓘ
NA7.86.80.87.61.81.98.71.81.7-

Growth Parameters ⓘ

Sales ⓘ9.657.682.760.9103202194150245358358
Sales YoY Gr.-498.7%43.6%-26.4%69.7%95.3%-3.9%-22.5%63.3%46%-
Adj EPS ⓘ0.12.13.61.210.23.12.213.53.97.34.7
YoY Gr.-2512.5%73.7%-68%776.7%-69.6%-30.4%526.1%-71.4%89.9%-
BVPS (₹) ⓘ-36.1-34-30.4-29.3-19-15.9-3.51013.820.70
Adj Net
Profit ⓘ
0.25.79.93.227.78.411.672.520.729.630
Cash Flow from Ops. ⓘ3.72.70.11.121.70.1-11.211.826.83.9-
Debt/CF from Ops. ⓘ27.837.8744.595.83.71515.4-6.31.20.913-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ49.4%28.2%22.7%46%
Adj EPS ⓘ65.2%-6.4%50.4%89.9%
BVPSⓘNANANA49.4%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
0.318.66266.91823.71652.1140.496.3209.532.337.445
Op. Profit
Mgn % ⓘ
-429.215.45.95.64.3614.311.411NAN
Net Profit
Mgn % ⓘ
2.29.911.95.226.84.2648.38.58.38.4
Debt to
Equity ⓘ
-1.1-1.1-1.2-1.3-1.6-1.9-3.80.30.30.6-
Working Cap
Days ⓘ
4441271863232442624918045424130
Cash Conv.
Cycle ⓘ
-40-288-731-1,381-402-1,410-5,07438,379-18,4318,4720

Valuation of Srit India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales152271389450
Operating Expenses > ⓘ + 129230340385
Manufacturing Costs1222
Material Costs0000
Employee Cost 22283540
Other Costs > ⓘ 106200303344
Operating Profit > ⓘ 23415065
Operating Profit Margin (%) 14.8%15.1%12.8%14.4%
Other Income > ⓘ + 11111113
Exceptional Items > ⓘ 0000
Interest > ⓘ 10121214
Depreciation > ⓘ 2239
Profit Before Tax > ⓘ 22384655
Tax > ⓘ 791312
Profit After Tax 15293443
PAT Margin (%) 9.9%10.7%8.6%9.6%
Adjusted EPS (₹)2.85.48.39.1
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 518093193
Share Capital ⓘ 26.9526.9520.2423.74
Reserves ⓘ 245473170
Debt +12194932
Long Term Debt9192020
Short Term Debt303012
Minority Interest1111
Trade Payables124179196212
Others Liabilities ⓘ 140145155172
Total Liabilities ⓘ 328425494610

Fixed Assets

Net Fixed Assets ⓘ +441642
Gross Block682358
Accumulated Depreciation35716
CWIP ⓘ 1122289
Investments ⓘ 0000
Inventories0000
Trade Receivables141203197235
Cash Equivalents 3251922
Others Assets ⓘ 169171233302
Total Assets ⓘ 328425494610
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 113418-12
PBT ⓘ 22384655
Adjustment ⓘ 24412
Changes in Working Capital ⓘ -12-7-22-69
Tax Paid ⓘ -0-1-11-10
Cash Flow From Investing Activity ⓘ + -8-15-27-31
Capex -12-12-17-15
Net Investments 2-3-10-6
Others ⓘ 200-11
Cash Flow From Financing Activity ⓘ + -12034
Net Proceeds from Shares ⓘ 0-4029
Net Proceeds from Borrowing ⓘ 01010
Interest Paid ⓘ -10-6-5
Dividend Paid ⓘ 0000
Others ⓘ 0-5510
Net Cash Flow ⓘ 121-9-10
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)29.3244.1338.7130.23
ROCE (%)48.3859.6647.136.76
Asset Turnover Ratio0.460.720.850.82
PAT to CFO Conversion(x)0.731.170.53-0.28
Working Capital Days
Receivable Days338.80231.40187.30175.10
Inventory Days0000
Payable Days0000

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Srit India Ltd FAQs

The current trading price of Srit India on 12-Oct-2026 16:59 is ₹126.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Oct-2026 the market cap of Srit India stood at ₹854.8 Cr

The latest P/E ratio of Srit India as of 11-Oct-2026 is 28.63.

The latest P/B ratio of Srit India as of 11-Oct-2026 is 0.00.

The 52-week high of Srit India is ₹155.1 and the 52-week low is ₹133.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Srit India is ₹358 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Srit India Ltd is a average quality company.

No data found

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Srit India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Srit India Ltd

SRIT India was originally incorporated as ‘Sobha Renaissance Information Technology Private Limited’ as a private limited company on September 09, 1999. Subsequently, pursuant to a resolution passed by the Shareholders at the EGM held on April 28, 2014, the name of the company was changed to ‘SRIT India Private Limited’ inter alia to reflect its diversification plans. Subsequently, the company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by the Shareholders at the EGM held on April 28, 2025 and the name of the company was changed to ‘SRIT India Limited’ on May 16, 2025.

The company is an Information Technology and Information Technology enabled Services (IT/ITeS) solutions company offering digital solutions and automations of systems through custom application development and integration services. It has a track record in designing, implementing and operating digital platforms for Government entities and Enterprises in India and select overseas markets. Its activities are organised across three verticals: healthcare, electronic governance, and telecommunications and broadband. Through these verticals, it provides technology-enabled solutions, system integration, operations and maintenance services to Government clients and Enterprises.

Business area of the company 

The company is in the business of providing software services.

Business verticals of the company

  • Healthcare - Under the healthcare vertical, it provides integrated healthcare information technology solutions, including hospital information systems, revenue cycle management, digital health platforms and related system integration, implementation and maintenance services.
  • Electronic Governance - Under the electronic governance vertical, it provides technology solutions and system integration services to Government clients, and Enterprises to enable digital governance, automation and secure IT infrastructure. Its services include design, development, implementation and maintenance of e-governance platforms, cybersecurity solutions, enterprise software, and integrated digital service delivery systems.
  • Telecommunications and Broadband - Under the telecommunications and broadband vertical, it provides networking, connectivity, system integration and managed services for telecommunications, broadband and digital infrastructure projects. Its offerings include deployment and management of state-wide area networks, IP-MPLS networks, fibre optic infrastructure, broadband connectivity solutions and smart city digital infrastructure.

Awards, accreditations and recognition 

  • 2005: Received an assessment certificate from BSI Management Systems for Security Engineering Practices on System Security Engineering Capability Maturity Model (SSE-CMM) - Ver 3.0 based on System Security Assessment Methodology (SSAM) - Ver 2.0.
  • 2006: Received an award as ‘one of the leading technology companies’ in the Technology Fast 50 India 2006 program conducted by Deloitte Touche Tohmastu, Asia Pacific
  • 2007: Received an award as ‘one of the leading technology companies’ in the Technology Fast50 India 2007 program conducted by Deloitte Touche Tohmastu, Asia Pacific.
  • 2008: Received an award as ‘one of the leading technology companies’ in the Technology Fast50 India 2008 program conducted by Deloitte Touche Tohmastu, Asia Pacific.
  • 2008: Received a 4.0 TUV Rheinland STAR rating for the organisation pursuant to an assessment conducted by TUV Rheinland India Private Limited, Bengaluru.
  • 2009: Received an award as ‘one of the leading technology companies’ in the Technology Fast50 India 2009 program conducted by Deloitte, Asia Pacific.
  • 2022: Received a compliance certificate from the National Health Authority, Government of India for meeting the functional requirements of Milestone - 1(Ayushman Bharat Health Account (ABHA) Number creation and capture & verification)/ Milestone - 2 (Health Information Provider)/ Milestone - 3 (Health Information User) in the Ayushman Bharat Digital Mission (ABDM) ecosystem.
  • 2023: Received certification for meeting the requirements of ISO/IEC 20000 - 1:2018 for data network, IT solutions, facility management services, managed service provider, design, development and maintenance of software products and services for healthcare, telecom, e governance and application development.
  • 2023: Received certification for meeting the requirements of ISO/IEC 27001:2022 for designing, developing, delivering, and maintaining enterprise software solutions, products and web-based software projects, providing business process re-engineering and legacy migration services, including systems integration and enterprise application integration, managed service provider for internet, broadband, bandwidth and statewide area network.
  • 2024: Received ISO 9001:2015 for designing, developing, delivering and maintaining enterprise software solutions, products and web-based software projects, business process re-engineering (BPR) and legacy migration services, including systems and enterprise application integration. managed service for internet, broadband, bandwidth and statewide area network.
  • 2025: Received certification for meeting the requirements of ISO/IEC 27034-1:2011 for designing, developing, delivering, and maintaining enterprise software solutions, products and web-based software projects, providing business process re-engineering and legacy migration services, including systems integration and enterprise application integration, managed service provider for internet, broadband, bandwidth and statewide area network.
  • 2025: Received appraisal for CMMI V3.0 (DEV) - Maturity Level 5 (Optimizing).
  • 2025: Received the ‘Early Adopter Award’ from the Quality Council of India (QCI) in recognition of its compliance with Hospital Information System (HIS) and Electronic Medical Records (EMR) in accordance with the National Accreditation Board for Hospitals and Healthcare Providers (NABH) Digital Health Standards.
  • 2025: ISO 14001:2015 accreditation for environmental management system received by the company.
  • 2025: Received accreditation for meeting the requirements of ISO 45001:2018 (occupational health and safety management system) for the scope of designing, developing, delivering, and maintaining enterprise software solutions, products and web-based software projects, providing business process re-engineering (BPR) and legacy migration services, including systems integration and enterprise application integration, managed service provider for internet, broadband, bandwidth, and statewide area network.
  • 2025: Received certification for meeting the requirements of ISO/TS 82304-2:2021 for design, development, implementation, and ongoing maintenance of health and wellness software applications, including but not limited to the renaissance health enterprise suite (RHES v.10.01- enterprise-B01), deployed across web-based and mobile platforms. this scope further includes the provision of quality assurance, legacy data migration, system integration, functional reliability, user safety, data security, and usability.
  • 2026: ISO 10015:2019 certification for organization wide competence management and people development systems covering identification, planning, implementation and evaluation and continual improvement of training and development activities for all employees received by the company.
  • 2026: ISO/IEC 42001:2023 certification for designing, developing, delivering and maintaining enterprise software solutions, products and web-based software projects, providing business process re-engineering (BPR) and legacy migration services, including systems integration and enterprise application integration, specializing in artificial intelligence (AI) and machine learning (ML), managed service provider for internet, broadband, bandwidth and state wide area network received by the company.

History and milestones

  • 1999: Incorporation of the company as a private limited company on September 09, 1999 under the name and style of ‘Sobha Renaissance Information Technology Private Limited’.
  • 2003: Awarded a multimillion-dollar contract for installation, testing, and commissioning of a fixed wire and interconnect billing system.
  • 2004: Re-engineered, enhanced and further developed a global environmental, health and safety information management system for a multinational client under a multi-million-dollar budget, delivering the project on time with functionality exceeding the originally defined scope.
  • 2004: Established a development partnership with a leading global inspection, certification and testing services provider, employing best-practice software development methodologies, contributing to the sustained continuance of the engagement.
  • 2007: Acquired stake in Objective Systems Integrators Inc, a global supplier of telecom operations support systems.
  • 2007: Delivered and installed the hardware, Picture Archiving and Communication System. (PACS), teleradiology and telemedicine software, conducted test runs, provided user training, and commissioned the application for a private healthcare institution, including onsite demonstrations and training for its personnel.
  • 2014: Name of the company was changed from ‘Sobha Renaissance Information Technology Private Limited’ to ‘SRIT India Private Limited’.
  • 2016: Awarded a project for developing and implementing software applications for e-catering, air ticketing, tourism services, full-tariff rate management, and Mumbai suburban season ticketing.
  • 2017: Received a contract for the design, supply, installation, testing, and commissioning of network infrastructure in Pune, Maharashtra.
  • 2018: Engaged for an end-to-end health sector automation project to enhance the healthcare application suite through additional processes, application and infrastructure upgrades, redesign and replacement of the system, including end-user training, support for third-party audit requirements, and provision of operations and maintenance services to ensure business continuity and performance across more than 2,200 healthcare facilities in the government and private sectors and its several thousand users.
  • 2019: Developed the revenue and health enterprise system (RHES) for billing and revenue cycle management (RCM) solution for a international healthcare institution with operations in Europe and the Middle East.
  • 2019: Delivered application development, implementation, training, and end-to-end operations and maintenance support for a government healthcare and social security corporation comprising a Hospital Information System (HIS), a Hospital Enterprise Resource Planning (ERP) system, and a Business Intelligence (BI) & Analytics platform, covering healthcare service delivery, organisation-wide administrative and employee processes, and enterprise analytics requirements.
  • 2022: Installed, supplied, and provided maintenance services for a hospital management system, including the Picture Archiving and Communication System (PACS), for CK Birla Hospital, New Delhi.
  • 2022: Selected as the system integrator for a state-level e-district initiative, under which the company designed, developed and implemented the e-district application across 30 districts and has been providing ongoing maintenance support, enabling widespread digital delivery of citizen services through district administrations and common service centres.
  • 2023: The company was engaged as a service provider for development, operational support, and maintenance for providing onsite support, technical operations support and software maintenance for 109 local bodies under the Directorate of Urban Local Bodies, 53 urban/ local development offices under the Department of Town and Country Planning and 48 offices under the state-level industrial and infrastructure development authority in Haryana.
  • 2023: Established a branch office in Qatar to facilitate and support its operations in the region
  • 2023: Developed the AI-based intelligent transport management system ‘SAFE KERALA’, valued at Rs 1,512.27 million.
  • 2023: Developed and carried out fibre deployment for a State Fibre Optic Network Project in the State of Kerala, India.
  • 2023: Engaged as a managed service provider for business operations for RailTel’s high-speed broadband network ‘Railwire’ for the States of Kerela, Karnataka, Gujarat and Tamil Nadu
  • 2023: Launched the Qatar Health Information System (QHIS) project, establishing a unified insurance platform for a national health financing authority, including unified coding and claims-exchange standards, regulatory policy implementation, and a centralised repository for all insurance activities in the country.
  • 2024: Received a Rs 2,500 million contract for supply, commissioning and maintenance of 4G LTE connectivity for 15,000 Automated Teller Machines (ATMs) / Automated Deposit cum Withdrawal Machines (ADWMs) of a public sector bank in India.
  • 2024: Entered into an agreement as the selected system integrator for enabling end-to-end computerisation of the core and support functions of a state-owned alcoholic beverages company, including design, development, migration, installation, testing, training and operations and maintenance for a period of five years.
  • 2024: Awarded a project for the supply, implementation and maintenance of the computerisation of forensic science laboratories in Maharashtra, valued at Rs 3,573.48 million by Telecommunications Consultants India Limited.
  • 2025: Awarded a contract for setting up of 43 Bharat Ratna Dr. B.R. Ambedkar Static & Mobile Karmika Seva Kendra’s (KSKs) to register the building and other construction workers as beneficiaries and to facilitate various schemes across the State of Karnataka. 
  • 2025: Awarded a project for desktop planning, physical surveys, execution videography and documentation, including As-Built Documentation (ABD), Measurement Book (MB) and handover as well as existing network physical surveys in the Uttar Pradesh (East) and Uttar Pradesh (West) telecom circles.
  • 2025: Successfully deployed the Renaissance Health Enterprise Suite (RHES) hospital information management system for a national mental health and neuroscience institute, completing system study, design, customisation, and implementation, for both outpatient and inpatient services.
  • 2025: Conversion from private limited company into a public limited company under the name and style of ‘SRIT India Limited’.
  • 2026: Entered into a memorandum of understanding with a medical products company for distribution of its products across India, valued at around Rs 3,500.00 million for Fiscal 2027 and Rs 5,000.00 million and above for Fiscal 2028.
  • 2026: Entered into a strategic incubation and investor protection agreement and a term sheet with Carnot Research Private Limited for a proposed investment of Rs 50.00 million for a 10.00% stake in Carnot Research Private Limited.
  • 2026: Entered into a conditional binding term sheet with Blossom Multi Speciality Hospital for the proposed acquisition of 50.00% of the fully diluted equity share capital, voting rights and economic interest in the Resulting Company, at an indicative equity valuation of Rs 2,800.00 million.

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