Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹10.60, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 23x in the IT industry in India. Total loss to shareholders of 51% over the past year. New Risk • May 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹214.2m market cap, or US$2.24m). Minor Risk Revenue is less than US$5m (₹355m revenue, or US$3.7m). Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹0.29 (vs ₹1.54 loss in FY 2025) Full year 2026 results: EPS: ₹0.29 (up from ₹1.54 loss in FY 2025). Revenue: ₹354.9m (down 1.3% from FY 2025). Net income: ₹6.82m (up ₹42.6m from FY 2025). Profit margin: 1.9% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. New Risk • May 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (₹241.0m market cap, or US$2.54m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Revenue is less than US$5m (₹276m revenue, or US$2.9m). Aankondiging • Nov 13
Tridhya Tech Limited to Report Q2, 2026 Results on Nov 14, 2025 Tridhya Tech Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Aankondiging • Sep 01
Tridhya Tech Limited, Annual General Meeting, Sep 26, 2025 Tridhya Tech Limited, Annual General Meeting, Sep 26, 2025, at 11:00 Indian Standard Time. New Risk • Jul 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings have declined by 4.3% per year over the past 5 years. Market cap is less than US$10m (₹490.2m market cap, or US$5.61m). Minor Risks High level of debt (231% net debt to equity). Revenue is less than US$5m (₹360m revenue, or US$4.1m). New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 4.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.3% per year over the past 5 years. Market cap is less than US$10m (₹432.0m market cap, or US$5.06m). Minor Risks High level of debt (231% net debt to equity). Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (₹360m revenue, or US$4.2m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹20.60, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 29x in the IT industry in India. Total loss to shareholders of 32% over the past year. New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Market cap is less than US$10m (₹582.2m market cap, or US$6.81m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$5m (₹396m revenue, or US$4.6m). New Risk • Apr 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹575.2m market cap, or US$6.72m). Minor Risk Revenue is less than US$5m (₹396m revenue, or US$4.6m). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹21.50, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 27x in the IT industry in India. Total loss to shareholders of 21% over the past year. New Risk • Feb 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Market cap is less than US$10m (₹560.1m market cap, or US$6.41m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹396m revenue, or US$4.5m). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹24.05, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 27x in the IT industry in India. Total loss to shareholders of 21% over the past year. New Risk • Dec 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹843.0m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Market cap is less than US$10m (₹843.0m market cap, or US$9.93m). Minor Risk Revenue is less than US$5m (₹396m revenue, or US$4.7m). Reported Earnings • Oct 27
First half 2025 earnings released: EPS: ₹0.07 (vs ₹3.63 loss in 1H 2024) First half 2025 results: EPS: ₹0.07 (up from ₹3.63 loss in 1H 2024). Revenue: ₹218.3m (up 25% from 1H 2024). Net income: ₹1.73m (up ₹73.4m from 1H 2024). Profit margin: 0.8% (up from net loss in 1H 2024). The move to profitability was primarily driven by higher revenue. Aankondiging • Sep 16
Tridhya Tech Limited, Annual General Meeting, Sep 30, 2024 Tridhya Tech Limited, Annual General Meeting, Sep 30, 2024, at 09:00 Indian Standard Time. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (₹831.4m market cap, or US$10.00m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (₹273m revenue, or US$3.3m). New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (₹742.9m market cap, or US$8.90m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹273m revenue, or US$3.3m). New Risk • Dec 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹826.7m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (₹826.7m market cap, or US$9.92m). Minor Risk Revenue is less than US$5m (₹273m revenue, or US$3.3m). New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 15% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₹273m revenue, or US$3.3m). Market cap is less than US$100m (₹855.8m market cap, or US$10.3m). Aankondiging • Sep 20
Tridhya Tech Limited (NSEI:TRIDHYA) agreed to acquire 51% stake in Tableflow Tech Private limited for INR 30 million. Tridhya Tech Limited (NSEI:TRIDHYA) agreed to acquire 51% stake in Tableflow Tech Private limited for INR 30 million on September 18, 2023. consideration shall be paid in cash. Tableflow Tech Private limited reported Turnover of INR 44.2 million in F.Y. 2022-23. The transaction has already been approved by Tridhya Tech Limited's board of director's. The said acquisition shall be completed during the financial year FY 2023-24. New Risk • Sep 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (66% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Revenue is less than US$5m (₹215m revenue, or US$2.6m). Market cap is less than US$100m (₹1.01b market cap, or US$12.2m). Aankondiging • Sep 09
Tridhya Tech Limited, Annual General Meeting, Sep 30, 2023 Tridhya Tech Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Agenda: To Consider and recommend the appointment of M/s. MAAK & ASSOCIATES, Chartered Accountants, as the Statutory Auditors of the Company for a term of 4 years; to receive, consider and adopt the Audited Financial Statements (standalone and consolidated basis) of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon; to consider reappointment of directors; and to consider other matters. New Risk • Sep 08
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2022 fiscal period end). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risks High level of debt (44% net debt to equity). Revenue is less than US$5m (₹129m revenue, or US$1.6m). Market cap is less than US$100m (₹1.11b market cap, or US$13.4m). Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹50.40, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 37x in the IT industry in India. Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Hetal Somani was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.