MoneyWorks4Me

Armee Infotech Ltd (ARMEE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544951 NSE: ARMEE IT - Software | | Armee Infotech Share Price

₹273.05 -22.30 (-7.55%)

As on 01-Oct'26 16:59

Armee Infotech Ltd (ARMEE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544951 NSE: ARMEE IT - Software | | Armee Infotech Share Price

₹273.05 -22.30 (-7.55%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹866 Cr.
Current Price
₹273.1
52-Week Low / High
₹258 / 372
TTM EPS
₹14.3
TTM Sales
₹1,397 Cr.
Book Value per Share
₹152
P/E Ratio
19.06
Industry PE
20.2
Price to Book (P/B)
1.80
Price to Sales (P/S)
0.62
EV/EBITDA
10.60
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
28.52%
Outperforms industry median
Return on Capital Employed (ROCE)
31.75%
Outperforms industry median
Return on Assets (ROA)
5.10%
Operating Profit Margin
5.4%
Net Profit Margin
3.26%
Gross Profit Margin
4.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
28.81%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
28.99%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.12%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹450 Cr.
Equity
₹31.7 Cr.
Face Value
₹10
All Time Low / High
₹295.10 / 372.00

Armee Infotech stock performance

Key Ratios
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Check Before You Invest

Valuation

NA

Price Trend

Weak
Q.1 Is Armee Infotech Ltd a good quality company?
Armee Infotech 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 Armee Infotech Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Armee Infotech Ltd vs industry peers?
Armee Infotech Ltd revenue CAGR is 40.58%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Armee Infotech Ltd?
Promoters hold % of the Armee Infotech Ltd, with % of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Armee Infotech 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.
Armee Infotech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ16.5%19.5%37.8%68%39.2%-
Value Creation
Index ⓘ
NANA1.73.91.8-

Growth Parameters ⓘ

Sales ⓘ1051255031,0051,2941,294
Sales YoY Gr.-19.2%301.6%99.8%28.8%-
Adj EPS ⓘ1.61.4720.117.413
YoY Gr.--9.6%391.6%188%-13.5%-
BVPS (₹) ⓘ11.312.719.739.857.10
Adj Net
Profit ⓘ
3.73.416.647.741.341
Cash Flow from Ops. ⓘ-7.6-2.2-6.854.6-18.2-
Debt/CF from Ops. ⓘ-3-11.9-4.70.5-2.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA117.8%28.8%
Adj EPS ⓘNANA130.5%-13.5%
BVPSⓘNANA65.1%43.6%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
1411.943.267.635.945.5
Op. Profit
Mgn % ⓘ
10.89.83.46.84.5NAN
Net Profit
Mgn % ⓘ
3.62.73.34.83.23.2
Debt to
Equity ⓘ
0.90.90.70.30.3-
Working Cap
Days ⓘ
02651061461930
Cash Conv.
Cycle ⓘ
0-20-10-50-270

Valuation of Armee Infotech - 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

No Data To Display

Promoter's Holding & Share Pledging

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales5031,0211,3131,397
Operating Expenses > ⓘ + 4869491,2551,321
Manufacturing Costs1121
Material Costs3778491,1621,077
Employee Cost 37425052
Other Costs > ⓘ 705641190
Operating Profit > ⓘ 17725976
Operating Profit Margin (%) 3.4%7.0%4.5%5.4%
Other Income > ⓘ + 133213
Exceptional Items > ⓘ 0000
Interest > ⓘ 67725
Depreciation > ⓘ 5513
Profit Before Tax > ⓘ 19645361
Tax > ⓘ 3141216
Profit After Tax 17504245
PAT Margin (%) 3.3%4.9%3.2%3.3%
Adjusted EPS (₹)7.021.117.619.2
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4795137182
Share Capital ⓘ 3.9623.7323.7323.73
Reserves ⓘ 4371113158
Debt +252045170
Long Term Debt4111497
Short Term Debt2193174
Minority Interest0000
Trade Payables126525615470
Others Liabilities ⓘ 173131133
Total Liabilities ⓘ 215672827955

Fixed Assets

Net Fixed Assets ⓘ +1191234
Gross Block16221439
Accumulated Depreciation51325
CWIP ⓘ 00870
Investments ⓘ 0000
Inventories7378017
Trade Receivables110292590513
Cash Equivalents 8382896
Others Assets ⓘ 79296109224
Total Assets ⓘ 215672827955
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -755-1812
PBT ⓘ 19645361
Adjustment ⓘ 27411
Changes in Working Capital ⓘ -250-68-51
Tax Paid ⓘ -4-16-8-8
Cash Flow From Investing Activity ⓘ + 6-21-13-102
Capex -0-2-12-23
Net Investments 4-18-2-16
Others ⓘ 1-11-63
Cash Flow From Financing Activity ⓘ + 1-1316104
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ -46483
Interest Paid ⓘ -5-5-5-22
Dividend Paid ⓘ 0000
Others ⓘ 10-141743
Net Cash Flow ⓘ 021-1515
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)35.4970.6735.9428.52
ROCE (%)32.2770.0439.0131.75
Asset Turnover Ratio2.342.31.751.57
PAT to CFO Conversion(x)-0.411.1-0.430.27
Working Capital Days
Receivable Days79.7071.90122.60144.10
Inventory Days5.307.9016.2012.70
Payable Days122.30140.10179183.70

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Announcements

Armee Infotech Ltd FAQs

The current trading price of Armee Infotech on 01-Oct-2026 16:59 is ₹273.1.

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 30-Sep-2026 the market cap of Armee Infotech stood at ₹866.4 Cr

The latest P/E ratio of Armee Infotech as of 30-Sep-2026 is 21.00.

The latest P/B ratio of Armee Infotech as of 30-Sep-2026 is 0.00.

The 52-week high of Armee Infotech is ₹372.0 and the 52-week low is ₹258.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Armee Infotech is ₹1,294 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Armee Infotech Ltd is a below average quality company.

No data found

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

About Armee Infotech Ltd

ArMee Infotech was originally incorporated as “Blossom Infraspace Private Limited” a private limited company under the Companies Act, 1956 through a certificate of incorporation dated February 8, 2011 issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli.

ArMee Infotech is an IT infrastructure and IT managed services Company, which has ventured into the retail sales space through Experience Zones engaged in the sale of IT, consumer electronics, and gaming and merchandise products, and engaged in the Renewable Energy Space, including engineering, procurement and construction (EPC) of solar power projects and development of solar power projects under power purchase agreements (PPAs) and Battery Energy Storage System (BESS). It services both Government/public sector undertakings (PSUs) and private sector clients including wherein the end users are Government / PSUs which operate across a wide variety of industries. 

Under the IT Infrastructure category, it provides IT hardware and software (e.g., computers, servers, interactive panels and their peripherals), work on the installation and integration of the hardware and software as per client requirements, and also provides maintenance of the IT Infrastructure installed by the company for periods as may be specified under the relevant contracts. To ensure seamless transition for its clients, it also provides functional training of the IT Infrastructure installed by the company. It has undertaken multiple projects under the IT Infrastructure segment including setting up of ICT labs, smart classes, installing digital infrastructure for the public distribution system under the National Food Security Act, 2013, and supplying and/or installing IT hardware to various Government entities. The projects undertaken by it is for specific contractual periods.

Under the IT managed services category, in addition to providing IT Infrastructure as mentioned above, it also provides technical manpower, skill development training and offer annual maintenance services. Its employees provide on-site and off-site operational support and maintenance of the IT infrastructure, as may be specified under the relevant contracts. IT managed services are typically delivered under a service level agreement and payments are made at pre-defined intervals or as per contractual terms.

Business area of the company

ArMee Infotech is a technology infrastructure and managed services company focused on delivering mission-critical solutions to Government departments, Public Sector Undertakings (PSUs), and the BFSI sector. The company provides comprehensive IT infrastructure solutions, including supply, integration, deployment, maintenance, technical support services, manpower deployment, skill development programs, and annual maintenance contracts.

Services of the company

  • IT infrastructure
  • IT managed services
  • Renewable energy
  • Experience centres

Awards, accreditations, certifications and recognitions

  • 2021: Received the Pinnacle Award Australia, 2022 for the ‘best government business partner for the year 2021-22’ by Acer.
  • 2023: Received the Pinnacle Award Baku, 2023 for the ‘best national SI – highest revenue government business for the year 2022-23’ by Acer.
  • 2023: Awarded as the top sellers (woman entrepreneurs) category by Government e-Marketplace.
  • 2024: Received the Pinnacle Award Georgia, 2024 Award for ‘highest revenue-government vertical’ for performance and contributions during the year 2023-24 by Acer.
  • 2025: India Business Awards 2025 in the category of Most Innovative and Successful IT Infrastructure Company in Gujarat.

History and milestones

  • 2011: Commencement of business operations.
  • 2017: Acquired business of M/s Armee Infotech, the Partnership Firm.
  • 2018: Won first tender contract exceeding project value of Rs 12,000 lakh. Project involved supply of PoS devices in 19,287 fair price shops in rural areas of Uttar Pradesh from UPDESCO.
  • 2022: Won first big project post COVID-19 pandemic, from Samagra Shiksha, Bihar Education Project Council for setting up of ICT labs with project value of around Rs 10,400 lakh.
  • 2023: Achieved a turnover of over Rs 50,000 lakh in Fiscal 2023. 
  • 2023: Won the first tender contract exceeding project value of Rs 38,500 lakh. 
  • 2023: Project involved setting up of 7,500 ICT labs across Gujarat under the Sarva Siksha Abhiyan Scheme. 
  • 2023: Acquired ArMee Technology Services Private Limited as its Wholly Owned Subsidiary. 
  • 2023: Set up a new branch office in Gurgaon. 
  • 2023: Set up a new branch office in Mumbai.
  • 2024: Conversion from a private limited company to a public limited company.
  • 2024: Achieved a turnover of over Rs 100,000 lakh in Fiscal 2024.
  • 2024: Opened its first Experience Zone in Ahmedabad.
  • 2025: Entered into its first EPC turnkey works contract under renewable energy vide solar EPC implementation.
  • 2025: Won multiple projects under renewable energy vide solar EPC and Solar PPAs line of business.

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