Inspirisys Solutions Limited (INSPIRISYS)

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Inspirisys Solutions Limited (INSPIRISYS) · mywealthgrid

About

Inspirisys Solutions Limited delivers IT-enabled services within India's IT sector, with recent quarterly revenue in the ₹104–142 Cr range. The company trades at a 9.33 PE, well below its 52-week high of ₹132.05, and shows strong capital efficiency with 51.63% ROE despite recent operational headwinds.

Face value: ₹10

Market cap

₹332 Cr

P/E

8.5×

P/B

3.3×

Dividend yield

ROE

51.6%

ROCE

28.4%

Debt / equity

0.79

OPM

8.5%

EPS (TTM)

₹9.8

Book value

₹25.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue fell 26% from ₹141.77 Cr (Mar 2026) to ₹104.24 Cr (Jun 2026); verify whether this reflects one-time project completion, client loss, or market share erosion.

Operating margin fell from 7.73% to 5.24% in one quarter; thin margins mean earnings swing sharply on volume changes, magnifying profit volatility.

EPS declined from ₹2.36 to ₹1.08 across recent quarters, raising questions about sustainability; verify whether volatility reflects client concentration or one-time factors.

Zero FII/DII institutional investor presence despite 51.63% ROE suggests limited analyst coverage or disclosure concerns; verify investor sentiment and analyst ratings.

Generated analysis · source review pending

Growth drivers

ROE of 51.63% demonstrates capital efficiency; margin recovery to prior 10.2% level (Sep 2025) would amplify returns on the equity base.

PE of 9.33 reflects near-term headwinds pricing; earnings stabilization and revenue recovery would support multiple re-rating.

Debt-to-equity of 0.79 indicates borrowing capacity; verify whether management plans growth investments or M&A to drive top-line expansion.

IT services sector in India benefits from digital transformation and automation trends; verify Inspirisys's positioning and win rates in high-growth service lines.

Generated analysis · source review pending

2,337 historical price candles were omitted because the exchange source has not been verified.

₹83.8-2.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 45.5% (3-yr avg)
+High return on capital employed of 68.6%
+High promoter holding of 70% with no pledge

Cons

−Modest revenue growth of 3.3% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 57
Growth: 42
Valuation: 90

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	512	589	95	546	458	404	342	390	490	388	476
COGS	204	-1	-1	3	156	135	86	114	195	83	152
Gross profit	309	—	—	—	302	269	256	276	296	305	323
	294	522	37	501	285	258	259	263	264	277	283
	14	68	58	42	18	10	-3	13	32	28	41
OPM %	2.8%	11.5%	61.6%	7.8%	3.9%	2.6%	-0.9%	3.4%	6.5%	7.2%	8.5%
Depreciation	13	15	5	5	8	7	5	6	5	5	5
Interest	21	25	25	18	14	10	8	11	11	9	8
	2	4	2	8	10	5	5	5	-8	15	9
Profit before tax	-133	-11	24	4	6	-1	-12	2	9	28	37
Tax	4	4	4	3	3	2	2	4	5	-3	-4
Tax %	2.8%	35.9%	15.5%	83.5%	56.4%	204.3%	14.7%	261.8%	57.5%	-11.7%	-11.2%
	-137	-14	21	1	2	-3	-13	-3	4	32	41
PAT margin %	-26.7%	-2.4%	21.7%	0.1%	0.5%	-0.7%	-3.9%	-0.7%	0.8%	8.2%	8.6%
EPS (₹)	—	—	—	—	0.6	-0.7	-3.4	-0.6	0.9	8	10.4
EPS adjusted (₹)	-46	-8.2	3.5	0.2	0.6	-0.7	-3.4	-0.6	0.9	8	10.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	30	30	30	34	40	40	40	40	40	40	40
Reserves	-52	-78	-67	-46	33	-24	-39	-48	-10	19	61
	205	249	182	176	103	36	47	103	87	80	79
	171	198	138	206	108	196	152	118	146	129	180
Total equity & liabilities	353	399	283	370	282	247	200	212	263	267	359
	46	39	25	18	7	12	15	14	13	7	6
CWIP	—	—	—	—	—	—	—	0	0	—	—
Investments	—	—	—	—	5	0	0	0	0	44	87
	307	360	258	353	270	236	185	198	250	217	266
Total assets	353	399	283	370	282	247	200	212	263	267	359

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Services	309.98	51.23	118.06	135.74	—	—
Systems Integration	159.26	1.88

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	65.9%	66.6%	74.9%	70.7%	60.3%	78.6%	68%
EBITDA margin %	7.8%	3.9%	2.6%	-0.9%	3.4%	6.5%	7.2%	8.5%
EBIT margin %	6.9%	2.2%	0.9%	-2.5%	1.9%	5.6%	5.8%	7.4%
PAT margin %	0.1%	0.5%	-0.7%	-3.9%	-0.7%	0.8%	8.2%	8.6%
Working capital
Receivable days	138	97	85	68	78	73	80	106
Inventory days	9	17	16	19	12	7	14	7
Payable days	79	116	161	116	153	115	187	238
NWC days	68	-2	-60	-29	-63	-34	-93	-125
Leverage
Current ratio	0.88	1.17	1.01	0.94	0.75	0.9	1.72	1.67
Debt to EBITDA	4.14	5.79	3.43	—	7.85	2.74	2.87	1.95
Debt to equity	-15.11	1.42	2.35	59.72	-12.27	2.98	1.36	0.79
Interest coverage	2.5	1.4	0.9	-0.4	1.1	2.9	3.6	6
Asset turnover	1.48	1.62	1.63	1.71	1.84	1.87	1.45	1.32
Return ratios
Return on assets %	0.2%	0.9%	-1.2%	-6.7%	-1.2%	1.4%	11.9%	11.4%
Return on capital employed %	154.9%	22.3%	11.2%	-14.3%	114.5%	141.6%	35.8%	28.4%
Return on equity %	-5.8%	3.3%	-18.7%	-1,688.6%	30.3%	12.5%	54.2%	40.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%	69.95%
FII	0%	0.13%	0.13%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.05%	29.92%	29.92%	30.05%	30.05%	30.05%	30.05%	30.05%	30.05%	30.05%	30.05%	30.05%
No. of shareholders	—	—	—	—	—	—	—	—	7,683	7,677	7,574	7,330

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 16 Nov 2023 – 16 Nov 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Nov 2023	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	2,80,500	₹93.43	₹2.62 Cr
16 Nov 2023	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	2,50,006	₹93.53	₹2.34 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SATOSHI IWANAGANon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. MURALI GOPALAKRISHNANExecutive Director-CEO
Mr. RAJESH RAMNIKLAL MUNINon-Executive - Independent Director
Mr. M S JAGANNon-Executive - Independent Director
Mr. TORU HORIUCHINon-Executive - Non Independent Director
Mrs. CAUVERY DHARMARAJNon-Executive - Independent Director
Mr. R. BalajiChief Financial Officer
Mr. S SundaramurthyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Inspirisys Solutions Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

5

Dividend dividend11 Dec 2012 · ex-date₹1.5
Dividend dividend21 Sept 2011 · ex-date₹2
Interim dividend19 Mar 2010 · ex-date₹1.5
Interim dividend18 Nov 2008 · ex-date₹1
Interim dividend30 May 2008 · ex-date₹1.5

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

7 announcementsExport CSV

11 Aug 2026, 4:55 pmCompany Update

Unaudited Financial Results For The Quarter Ended 30Th June 2026

General PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	65.9%	66.6%	74.9%	70.7%	60.3%	78.6%	68%
EBITDA margin %	7.8%	3.9%	2.6%	-0.9%	3.4%	6.5%	7.2%	8.5%
EBIT margin %	6.9%	2.2%	0.9%	-2.5%	1.9%	5.6%	5.8%	7.4%
PAT margin %	0.1%	0.5%	-0.7%	-3.9%	-0.7%	0.8%	8.2%	8.6%
Working capital
Receivable days	138	97	85	68	78	73	80	106
Inventory days	9	17	16	19	12	7	14	7
Payable days	79	116	161	116	153	115	187	238
NWC days	68	-2	-60	-29	-63	-34	-93	-125
Leverage
Current ratio	0.88	1.17	1.01	0.94	0.75	0.9	1.72	1.67
Debt to EBITDA	4.14	5.79	3.43	—	7.85	2.74	2.87	1.95
Debt to equity	-15.11	1.42	2.35	59.72	-12.27	2.98	1.36	0.79
Interest coverage	2.5	1.4	0.9	-0.4	1.1	2.9	3.6	6
Asset turnover	1.48	1.62	1.63	1.71	1.84	1.87	1.45	1.32
Return ratios
Return on assets %	0.2%	0.9%	-1.2%	-6.7%	-1.2%	1.4%	11.9%	11.4%
Return on capital employed %	154.9%	22.3%	11.2%	-14.3%	114.5%	141.6%	35.8%	28.4%
Return on equity %	-5.8%	3.3%	-18.7%	-1,688.6%	30.3%	12.5%	54.2%	40.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
L&T Technology Services LimitedLTTSLTTS	₹34,671 Cr	₹34,671 Cr	₹11,701 Cr	₹2,074 Cr	17.6%	₹1,320 Cr	11.7%	24.9%	20.4%	29
Inventurus Knowledge Solutions LimitedIKSIKS	₹30,483 Cr	₹31,124 Cr	₹3,347 Cr	₹1,149 Cr	34.2%	₹764 Cr	22.6%	33.8%	31.4%	39
Tata Technologies LimitedTATATECHTATATECH	₹28,378 Cr	₹29,044 Cr	₹5,926 Cr	₹920 Cr	15.5%	₹557 Cr	9.9%	19.3%	14.6%	33
Netweb Technologies India LimitedNETWEBNETWEB	₹25,721 Cr	—	₹724 Cr	₹103 Cr	14.2%	₹76 Cr	10.5%	—	—	—
Affle 3i LimitedAFFLEAFFLE	₹20,410 Cr	₹20,422 Cr	₹2,836 Cr	₹638 Cr	22.5%	₹478 Cr	16.8%	16.9%	13.8%	-51
Sagility LimitedSAGILITYSAGILITY	₹20,209 Cr	₹21,320 Cr	₹7,617 Cr	₹1,849 Cr	24.5%	₹993 Cr	12.9%	13.3%	10.3%	78
Esds Software Solution LimitedESDSESDS	₹16,809 Cr	—	₹208 Cr	₹47 Cr	22.9%	₹-22 Cr	-10.8%	0.8%	-10.9%	—
Black Box LimitedBBOXBBOX	₹14,134 Cr	₹14,961 Cr	₹6,654 Cr	₹614 Cr	9%	₹226 Cr	3.4%	21.7%	21.3%	-10
E2e Networks LimitedE2EE2E	₹13,323 Cr	₹13,482 Cr	₹366 Cr	₹234 Cr	51.4%	₹31 Cr	-6.3%	-0.5%	-1%	-45
Cyient LimitedCYIENTCYIENT	₹12,272 Cr	₹12,438 Cr	₹7,632 Cr	₹944 Cr	12.5%	₹378 Cr	6.4%	12.4%	7.8%	119
Amagi Media Labs LimitedAMAGIAMAGI	₹11,984 Cr	₹11,984 Cr	₹1,506 Cr	₹50 Cr	3.4%	₹72 Cr	4.8%	5.2%	4.1%	40
Emudhra LimitedEMUDHRAEMUDHRA	₹4,802 Cr	₹4,826 Cr	₹745 Cr	₹174 Cr	22.7%	₹115 Cr	15.7%	14.9%	13%	36

Date	Category	Subject	Filing
11 Aug 2026, 4:55 pm	Company Update General	Unaudited Financial Results For The Quarter Ended 30Th June 2026	PDF
11 Aug 2026, 4:52 pm	Result Financial Results	Outcome Of The Board Meeting Held On 11Th August 2026	PDF
11 Aug 2026, 4:46 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of The Board Meeting Held On August 11, 2026	PDF
10 Aug 2026, 7:51 pm	Company Update General	Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015	PDF
24 Jul 2026, 12:19 pm	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29(1) & (2) Of SEBI (LODR) Regulations, 2015	PDF
23 Jul 2026, 2:10 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
8 Jul 2026, 12:42 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13	8	47	0	42	79	-7	18	-27	39	23
	-9	-8	5	3	-3	-4	-2	0	-13	-46	-32
	-11	16	-91	1	-36	-60	0	-11	57	-15	-7
Net cash flow	—	—	-39	4	3	16	-9	8	17	-22	-17
Free cash flow	—	—	41	-1	37	75	-9	16	-31	36	22
CFO / Operating profit %	89.3%	12.4%	80.3%	0.9%	239.3%	755.3%	—	139.1%	-84.3%	139.2%	56.4%

Inspirisys Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

5

1

Announcements

5

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Services · revenue

Inspirisys Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends5

Board meetings1

Announcements

Dividends5

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Services · revenue

5

1

5

1