Bekanntmachung • Apr 13
Capricorn Systems Global Solutions Limited (BSE:512169) agreed to acquire Radical Bio-Organics Limited. Capricorn Systems Global Solutions Limited (BSE:512169) agreed to acquire Radical Bio-Organics Limited on April 11, 2026. The share exchange ratio for the amalgamation of the Capricorn Systems Global with the Radical Bio-Organics Limited shall be 1 fully paid-up equity share of Capricorn Systems Global for every 1 fully paid-up equity share of Radical Bio-Organics Limited.
For the period ending February 28, 2026, Radical Bio-Organics Limited reported total revenue of INR 4.52 billion. As of February 28, 2026, Radical Bio-Organics Limited reported total assets of INR 2.26 billion and total common equity of INR 717.99 million.
The transaction is subject to approval of offer by Capricorn Systems Global Solutions board. The deal has been approved by the board. New Risk • Feb 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (₹290.6m market cap, or US$3.19m). Minor Risk Revenue is less than US$5m (₹128m revenue, or US$1.4m). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹0.07 (vs ₹0.14 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.07 (up from ₹0.14 loss in 3Q 2025). Revenue: ₹120.1m (up ₹117.5m from 3Q 2025). Net income: ₹279.6k (up ₹820.8k from 3Q 2025). Profit margin: 0.2% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Bekanntmachung • Feb 05
Capricorn Systems Global Solutions Limited to Report Q3, 2026 Results on Feb 14, 2026 Capricorn Systems Global Solutions Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 14, 2026 Buy Or Sell Opportunity • Feb 02
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to ₹10.95. The fair value is estimated to be ₹14.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company became loss making. Bekanntmachung • Dec 08
Capricorn Systems Global Solutions Limited, Annual General Meeting, Dec 31, 2025 Capricorn Systems Global Solutions Limited, Annual General Meeting, Dec 31, 2025, at 10:30 Indian Standard Time. Bekanntmachung • Nov 07
Capricorn Systems Global Solutions Limited to Report Q2, 2026 Results on Nov 14, 2025 Capricorn Systems Global Solutions Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 15
First quarter 2026 earnings released: ₹0.26 loss per share (vs ₹1.04 loss in 1Q 2025) First quarter 2026 results: ₹0.26 loss per share (improved from ₹1.04 loss in 1Q 2025). Revenue: ₹2.65m (up 9.0% from 1Q 2025). Net loss: ₹1.03m (loss narrowed 75% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 141 percentage points per year, which is a significant difference in performance. Bekanntmachung • Aug 06
Capricorn Systems Global Solutions Limited to Report Q1, 2026 Results on Aug 14, 2025 Capricorn Systems Global Solutions Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 30
Full year 2025 earnings released: ₹2.28 loss per share (vs ₹0.37 loss in FY 2024) Full year 2025 results: ₹2.28 loss per share (further deteriorated from ₹0.37 loss in FY 2024). Revenue: ₹10.1m (up 22% from FY 2024). Net loss: ₹9.11m (loss widened ₹7.64m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 153 percentage points per year, which is a significant difference in performance. Bekanntmachung • May 21
Capricorn Systems Global Solutions Limited to Report Q4, 2025 Results on May 29, 2025 Capricorn Systems Global Solutions Limited announced that they will report Q4, 2025 results on May 29, 2025 Board Change • May 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vuddaraju Triveni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vuddaraju Triveni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Apr 14
Capricorn Systems Global Solutions Limited announced that it expects to receive INR 62.5175 million in funding from Vibha Enterprises and Traders, Advit Enterprises and Traders, Yieldcapitals Finserv and Investments, VV Enterprises and Traders Capricorn Systems Global Solutions Limited announced a private placement to issue 17,000,000 warrants at an issue price of INR 3.6775 per warrant for gross proceeds of INR 62,517,500 on April 11, 2025. The transaction will include participation from new investors Advit Enterprises and Traders for 4,935,500 warrants, Vibha Enterprises and Traders for 4,661,500 warrants, Yieldcapitals Finserv and Investments for 4,112,500 warrants and VV Enterprises and Traders for 3,290,500 warrants. The transaction has been approved by shareholders of company. Board Change • Mar 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vuddaraju Triveni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Mar 07
Capricorn Systems Global Solutions Limited (BSE:512169) signed a letter of intent to acquire Radical Bio-Organics Limited. Capricorn Systems Global Solutions Limited (BSE:512169) signed a letter of intent to acquire Radical Bio-Organics Limited on March 6, 2025.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Recent Insider Transactions • Feb 15
MD & Chairman recently sold ₹9.9m worth of stock On the 13th of February, Manmohan Suddala sold around 675k shares on-market at roughly ₹14.73 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Manmohan has been a net seller over the last 12 months, reducing personal holdings by ₹13m. Recent Insider Transactions • Feb 01
MD & Chairman recently sold ₹3.5m worth of stock On the 30th of January, Manmohan Suddala sold around 337k shares on-market at roughly ₹10.50 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Manmohan's only on-market trade for the last 12 months. Reported Earnings • Jan 24
Third quarter 2025 earnings released: ₹0.14 loss per share (vs ₹0.23 loss in 3Q 2024) Third quarter 2025 results: ₹0.14 loss per share (improved from ₹0.23 loss in 3Q 2024). Revenue: ₹2.58m (up 3.6% from 3Q 2024). Net loss: ₹541.2k (loss narrowed 41% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Bekanntmachung • Jan 19
Capricorn Systems Global Solutions Limited to Report Q3, 2025 Results on Jan 23, 2025 Capricorn Systems Global Solutions Limited announced that they will report Q3, 2025 results on Jan 23, 2025 Board Change • Dec 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vuddaraju Triveni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2025 earnings released: ₹1.06 loss per share (vs ₹0.053 profit in 2Q 2024) Second quarter 2025 results: ₹1.06 loss per share (down from ₹0.053 profit in 2Q 2024). Revenue: ₹2.57m (up 18% from 2Q 2024). Net loss: ₹4.22m (down ₹4.43m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Bekanntmachung • Oct 31
Capricorn Systems Global Solutions Limited to Report Q2, 2025 Results on Nov 08, 2024 Capricorn Systems Global Solutions Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Vuddaraju Triveni was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Sep 03
Capricorn Systems Global Solutions Limited, Annual General Meeting, Sep 30, 2024 Capricorn Systems Global Solutions Limited, Annual General Meeting, Sep 30, 2024, at 10:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹1.04 loss per share (vs ₹0.20 loss in 1Q 2024) First quarter 2025 results: ₹1.04 loss per share (further deteriorated from ₹0.20 loss in 1Q 2024). Revenue: ₹2.43m (up 84% from 1Q 2024). Net loss: ₹4.17m (loss widened 436% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 24% per year. Bekanntmachung • Aug 05
Capricorn Systems Global Solutions Limited to Report Q1, 2025 Results on Aug 14, 2024 Capricorn Systems Global Solutions Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 30
Full year 2024 earnings released: ₹0.37 loss per share (vs ₹0.14 profit in FY 2023) Full year 2024 results: ₹0.37 loss per share (down from ₹0.14 profit in FY 2023). Revenue: ₹8.39m (down 36% from FY 2023). Net loss: ₹1.47m (down 372% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 23
Capricorn Systems Global Solutions Limited to Report Q4, 2024 Results on May 29, 2024 Capricorn Systems Global Solutions Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: ₹0.23 loss per share (vs ₹0.088 profit in 3Q 2023) Third quarter 2024 results: ₹0.23 loss per share (down from ₹0.088 profit in 3Q 2023). Revenue: ₹2.51m (down 25% from 3Q 2023). Net loss: ₹923.0k (down 362% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Feb 06
Capricorn Systems Global Solutions Limited to Report Q3, 2024 Results on Feb 14, 2024 Capricorn Systems Global Solutions Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Bekanntmachung • Nov 08
Capricorn Systems Global Solutions Limited to Report Q2, 2024 Results on Nov 14, 2023 Capricorn Systems Global Solutions Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Bekanntmachung • Sep 03
Capricorn Systems Global Solutions Limited, Annual General Meeting, Sep 30, 2023 Capricorn Systems Global Solutions Limited, Annual General Meeting, Sep 30, 2023, at 10:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.20 loss per share (vs ₹0.016 loss in 1Q 2023) First quarter 2024 results: ₹0.20 loss per share (further deteriorated from ₹0.016 loss in 1Q 2023). Revenue: ₹1.33m (down 59% from 1Q 2023). Net loss: ₹778.4k (loss widened ₹714.4k from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Aug 05
Capricorn Systems Global Solutions Limited to Report Q1, 2024 Results on Aug 12, 2023 Capricorn Systems Global Solutions Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹9.48, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 12% over the past year. Reported Earnings • May 28
Full year 2023 earnings released: EPS: ₹0.14 (vs ₹0.12 in FY 2022) Full year 2023 results: EPS: ₹0.14 (up from ₹0.12 in FY 2022). Revenue: ₹13.3m (flat on FY 2022). Net income: ₹540.4k (up 12% from FY 2022). Profit margin: 4.1% (up from 3.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 20
Capricorn Systems Global Solutions Limited to Report Q4, 2023 Results on May 26, 2023 Capricorn Systems Global Solutions Limited announced that they will report Q4, 2023 results on May 26, 2023 Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: ₹0.088 (vs ₹0.059 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.088 (up from ₹0.059 in 3Q 2022). Net income: ₹352.4k (up 50% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Bekanntmachung • Feb 07
Capricorn Systems Global Solutions Limited to Report Q3, 2023 Results on Feb 14, 2023 Capricorn Systems Global Solutions Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Bekanntmachung • Nov 08
Capricorn Systems Global Solutions Limited to Report Q2, 2023 Results on Nov 14, 2022 Capricorn Systems Global Solutions Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Bekanntmachung • Sep 03
Capricorn Systems Global Solutions Limited, Annual General Meeting, Sep 30, 2022 Capricorn Systems Global Solutions Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹8.13, the stock trades at a trailing P/E ratio of 67.4x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 18% share price gain to ₹9.48, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹9.10, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 59% over the past three years. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹0.63 (vs ₹1.15 loss in FY 2021) Full year 2022 results: EPS: ₹0.63 (up from ₹1.15 loss in FY 2021). Revenue: ₹13.4m (up 1.4% from FY 2021). Net income: ₹482.0k (up ₹4.85m from FY 2021). Profit margin: 3.6% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Bekanntmachung • May 22
Capricorn Systems Global Solutions Limited to Report Q4, 2022 Results on May 28, 2022 Capricorn Systems Global Solutions Limited announced that they will report Q4, 2022 results on May 28, 2022 Bekanntmachung • Feb 16
Capricorn Systems Global Solutions Limited Announces Resignation of Valluri Chandra Rao as Independent Director Capricorn Systems Global Solutions Limited at its board meeting held on February 14, 2022 announced resignation of Mr. Valluri Chandra Rao as Independent Director with effect from end of business hours of 14th day of February 2022. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.059 (up from ₹0.025 loss in 3Q 2021). Revenue: ₹3.69m (up 14% from 3Q 2021). Net income: ₹235.3k (up ₹333.3k from 3Q 2021). Profit margin: 6.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 28
Full year 2021 earnings released: ₹1.15 loss per share (vs ₹0.069 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹13.3m (down 33% from FY 2020). Net loss: ₹4.37m (down ₹4.64m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹0.025 loss per share (vs ₹0.03 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₹3.25m (up 2.1% from 3Q 2020). Net loss: ₹98.0k (down 182% from profit in 3Q 2020). Bekanntmachung • Feb 03
Capricorn Systems Global Solutions Limited to Report Q3, 2021 Results on Feb 13, 2021 Capricorn Systems Global Solutions Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 15
New 90-day high: ₹7.53 The company is up 17% from its price of ₹6.42 on 16 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Oct 16
Market pulls back on stock over the past week After last week's 21% share price decline to ₹6.42, the stock is trading at a trailing P/E ratio of 77.1x, down from the previous P/E ratio of 97.1x. This compares to an average P/E of 18x in the IT industry in India. Total return to shareholders over the past three years is a loss of 22%. Bekanntmachung • Aug 25
Capricorn Systems Global Solutions Limited to Report Q1, 2021 Results on Sep 02, 2020 Capricorn Systems Global Solutions Limited announced that they will report Q1, 2021 results on Sep 02, 2020 Bekanntmachung • Jun 18
Capricorn Systems Global Solutions Limited to Report Q4, 2020 Results on Jun 26, 2020 Capricorn Systems Global Solutions Limited announced that they will report Q4, 2020 results on Jun 26, 2020 
