Allied Digital Services Limited

NSEI:ADSL Stock Report

Market Cap: ₹6.2b

Allied Digital Services Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Nitin Shah

Chief executive officer

₹28.9m

Total compensation

CEO salary percentage100.00%
CEO tenure31.5yrs
CEO ownership33.2%
Management average tenure2.4yrs
Board average tenure4.8yrs

Recent management updates

Recent updates

Analysis Article Jan 11

Allied Digital Services (NSE:ADSL) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 15

Earnings Troubles May Signal Larger Issues for Allied Digital Services (NSE:ADSL) Shareholders

A lackluster earnings announcement from Allied Digital Services Limited ( NSE:ADSL ) last week didn't sink the stock...
Analysis Article Oct 07

Here's What's Concerning About Allied Digital Services' (NSE:ADSL) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Sep 19

Allied Digital Services Limited's (NSE:ADSL) 28% Jump Shows Its Popularity With Investors

Allied Digital Services Limited ( NSE:ADSL ) shares have had a really impressive month, gaining 28% after a shaky...
Narrative Update Aug 07

Digital Transformation And AI Will Unlock New Markets

The consensus price target for Allied Digital Services has been raised to ₹225.00, primarily reflecting upgraded revenue growth forecasts (from 16.2% to 19.7% per annum) and a higher future P/E multiple. What's in the News Allied Digital received an additional contract worth approximately INR 800 million for CCTV-based surveillance and public safety upgrades in Pune, targeting crime-prone areas.
Analysis Article May 30

What Is Allied Digital Services Limited's (NSE:ADSL) Share Price Doing?

While Allied Digital Services Limited ( NSE:ADSL ) might not have the largest market cap around , it received a lot of...
Analysis Article May 15

Allied Digital Services Limited (NSE:ADSL) Doing What It Can To Lift Shares

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 27x, you may consider Allied...
Analysis Article Feb 28

These 4 Measures Indicate That Allied Digital Services (NSE:ADSL) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Feb 10

Further Upside For Allied Digital Services Limited (NSE:ADSL) Shares Could Introduce Price Risks After 27% Bounce

Allied Digital Services Limited ( NSE:ADSL ) shareholders would be excited to see that the share price has had a great...
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New Narrative Feb 09

Investments In Talent And Digital Solutions Will Drive Future Market Expansion

Capitalizing on digital solutions demand and securing significant contracts enhance Allied Digital's revenue visibility and future growth prospects.
Analysis Article Jan 11

Allied Digital Services (NSE:ADSL) Is Looking To Continue Growing Its Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Sep 12

A Piece Of The Puzzle Missing From Allied Digital Services Limited's (NSE:ADSL) 38% Share Price Climb

Despite an already strong run, Allied Digital Services Limited ( NSE:ADSL ) shares have been powering on, with a gain...
Analysis Article Aug 31

Is It Too Late To Consider Buying Allied Digital Services Limited (NSE:ADSL)?

Allied Digital Services Limited ( NSE:ADSL ), is not the largest company out there, but it led the NSEI gainers with a...
Analysis Article Jul 28

The Market Lifts Allied Digital Services Limited (NSE:ADSL) Shares 35% But It Can Do More

Despite an already strong run, Allied Digital Services Limited ( NSE:ADSL ) shares have been powering on, with a gain...
Analysis Article Jul 01

We Think Allied Digital Services (NSE:ADSL) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jun 13

Potential Upside For Allied Digital Services Limited (NSE:ADSL) Not Without Risk

With a price-to-earnings (or "P/E") ratio of 18x Allied Digital Services Limited ( NSE:ADSL ) may be sending bullish...
Analysis Article Apr 04

Returns At Allied Digital Services (NSE:ADSL) Are On The Way Up

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Mar 14

Estimating The Intrinsic Value Of Allied Digital Services Limited (NSE:ADSL)

Key Insights The projected fair value for Allied Digital Services is ₹146 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Feb 03

Here's Why Allied Digital Services (NSE:ADSL) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Dec 27

Returns On Capital Are Showing Encouraging Signs At Allied Digital Services (NSE:ADSL)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jul 14

Is Allied Digital Services (NSE:ADSL) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

CEO Compensation Analysis

How has Nitin Shah's remuneration changed compared to Allied Digital Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

₹258m

Mar 31 2026₹29m₹29m

₹288m

Dec 31 2025n/an/a

₹319m

Sep 30 2025n/an/a

₹357m

Jun 30 2025n/an/a

₹361m

Mar 31 2025₹33m₹33m

₹278m

Dec 31 2024n/an/a

₹538m

Sep 30 2024n/an/a

₹478m

Jun 30 2024n/an/a

₹477m

Mar 31 2024₹30m₹30m

₹414m

Dec 31 2023n/an/a

₹413m

Sep 30 2023n/an/a

₹489m

Jun 30 2023n/an/a

₹552m

Mar 31 2023₹52mn/a

₹538m

Dec 31 2022n/an/a

₹611m

Sep 30 2022n/an/a

₹486m

Jun 30 2022n/an/a

₹636m

Mar 31 2022₹37m₹37m

₹610m

Dec 31 2021n/an/a

₹481m

Sep 30 2021n/an/a

₹483m

Jun 30 2021₹19mn/a

₹195m

Mar 31 2021n/an/a

₹193m

Dec 31 2020n/an/a

₹182m

Sep 30 2020n/an/a

₹142m

Jun 30 2020n/an/a

₹163m

Mar 31 2020₹10mn/a

₹193m

Compensation vs Market: Nitin's total compensation ($USD301.82K) is above average for companies of similar size in the Indian market ($USD42.52K).

Compensation vs Earnings: Nitin's compensation has been consistent with company performance over the past year.


CEO

Nitin Shah (72 yo)

31.5yrs
Tenure
₹28,882,000
Compensation

Mr. Nitin Dhanji Shah founded Allied Digital Services Limited and has been its Chairman since April 1, 2016 and serves as its Managing Director. Mr. Shah worked for Crompton Greaves & Nelco. Mr. Shah serve...


Leadership Team

NamePositionTenureCompensationOwnership
Nitin Shah
Founderno data₹28.88m33.16%
₹ 2.1b
Nehal Shah
Joint MD & Whole Time Directorless than a year₹1.30m0.20%
₹ 12.3m
Sunil Bhatt
Executive Director & CTO of Allied Digital Servicesno datano datano data
Tejal Shah
Executive Director3.3yrs₹9.50m16.11%
₹ 1.0b
Gopal Tiwari
Chief Financial Officerno data₹5.15m0.067%
₹ 4.2m
Mohinder Chandna
Vice President of Operationsno data₹3.00m0.094%
₹ 5.8m
Manoj Shah
Chief Information Officerno datano data0.099%
₹ 6.2m
Khyati Shah
Company Secretary & Compliance Officer2.4yrsno datano data
Sair Muhammad
Executive Vice President of Salesno datano datano data
Dhara Bhansali
Chief Marketing Officerno datano data0.00088%
₹ 54.6k
Praveen Rai
Vice President of Human Resourceno datano datano data
Jawahar Ali
Chief Executive Officer of Digital Engineering Services (DES)no data₹3.00mno data
2.4yrs
Average Tenure
59yo
Average Age

Experienced Management: ADSL's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nitin Shah
Founder31.5yrs₹28.88m33.16%
₹ 2.1b
Nehal Shah
Joint MD & Whole Time Director8.1yrs₹1.30m0.20%
₹ 12.3m
Sunil Bhatt
Executive Director & CTO of Allied Digital Services5.1yrsno datano data
Tejal Shah
Executive Director3.3yrs₹9.50m16.11%
₹ 1.0b
Rohan Shah
VP of Business Development & Additional Executive Director1.1yrsno data0.73%
₹ 45.2m
Narsimha Mannepalli
Non Executive Independent Director1.1yrs₹150.00kno data
Milind Kamat
Independent Non-Executive Director6.2yrs₹490.00kno data
Swanubhuti Jain
Independent Director5.1yrs₹630.00kno data
Shakti Leekha
Non-Executive Independent Director4.6yrs₹510.00kno data
Anup Mahapatra
Non-Executive - Independent Director4.3yrs₹450.00kno data
4.8yrs
Average Tenure
55yo
Average Age

Experienced Board: ADSL's board of directors are considered experienced (4.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/20 05:19
End of Day Share Price 2026/08/20 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Allied Digital Services Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Naushil ShahAnand Rathi Shares and Stock Brokers Limited
Kunal BajajChoice Equity Broking Private Limited
Krupal ManiarICICI Securities Ltd.