Share price
₹19.23 latest close · +8.0% over the last 90 sessions
₹19.23 month-end · +13.3% over 12 months
₹19.23 month-end · −56.4% over 3 years
₹19.23 month-end · −48.6% since Oct '21
52-week range ₹12.68 to ₹27.80 · 1-year volatility 34.5%
Was the rally earned?
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 8.4x to 11.7x); per-share earnings took off 22 points.
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 215 points, but investors now pay less per rupee of profit (P/E 629.6x to 11.7x), which took 271 points back.
- The share count rose 23%.
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 46.9x to 11.7x); per-share earnings took off 9 points.
- The share count fell 90%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-88.5% (2021-12 peak to 2026-03 low, not yet recovered)
Is it expensive against its own past and its peers?
Usual range 6.1x to 572.3x since 2021-10.
45% below the Technology Services median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Technology Services peers?
Each cell is the company's percentile rank among its Technology Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE42nd▲ 14 pts vs a year ago
- Op. margin15th▲ 3 pts vs a year ago
- Revenue growth13th▼ 3 pts vs a year ago
- EPS growth19th
- Debt/equity ↓42nd▲ 11 pts vs a year ago
- Cash cycle ↓66th▼ 5 pts vs a year ago
- P/E ↓86th▼ 11 pts vs a year ago
- 12M momentum84th▲ 60 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Technology Services sector page Watch it move against Technology Services in the Observatory
What is the price implying?
At a P/E of 11.7x, the price would imply about 9.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Technology Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹19.23
- P/E
- 11.7x
- ROCE
- 13.0%
- Market Cap
- ₹398 cr
- Revenue (TTM)
- ₹701 cr
- P/S
- 0.6x
- P/B
- 1.0x
- ROE
- 9.0%
- Operating Margin
- 2.9%
- Debt / Equity
- 0.2x
- 12M Momentum
- 13.3%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance185%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 184.5%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate4%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 3.9%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-4 daysWithin range
Debtor days are below the median of the previous three fiscal years by 4 days (57 vs 61). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, DIIs added 3.9 pts.
- The number of shareholders fell from 2.9 lakh to 2.4 lakh (-19%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like 3I INFOTECH LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −16% to +41% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (+10.1%, 80% range −0.2% to +20.3%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 37 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| PTL Finance |
Aug 2022 | 9x | 14% | +35% | −22% | −1% |
| INSECTICID Process Industries |
Mar 2023 | 13x | 16% | +14% | −38% | −30% |
| DICIND Process Industries |
Jul 2025 | 26x | 15% | +4% | −25% | −21% |
| MANAKSIA Non-Energy Minerals |
Jan 2021 | 6x | 9% | +51% | −19% | +8% |
| VENKEYS Process Industries |
Mar 2025 | 17x | 8% | +5% | −36% | −26% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: P/E, ROCE and debt/equity. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
15 events since Jun '22
- SepResultsYear-on-year EPS growth turned negative.
- SepPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the top quartile).
- JunPeer rankMoved into the top quartile of Technology Services on EPS growth (from the bottom quartile).
- JunSharesShare count is up 21.8% over 12 months.
- MarPriceFell 88% from the Dec 2021 peak to the Mar 2026 low.
- DecInstitutionsFII + DII holding rose 10.3 pts over 2 quarters to 17.3%.
- OctValuationP/E fell below the 10th percentile of its own history to date (8.7x).
- JunResultsEPS (TTM) turned positive.
Show 7 earlier events
- JunPeer rankMoved into the 3rd quartile of Technology Services on ROCE (from the bottom quartile).
- MarPeer rankMoved into the 3rd quartile of Technology Services on operating margin (from the bottom quartile).
- JunResultsEPS (TTM) turned negative.
- JunResultsEPS (TTM) turned positive.
- MayDebtDebt / equity halved over 12 months to 0.17x.
- OctDebtDebt / equity halved over 12 months to 0.17x.
- JunResultsEPS (TTM) turned negative.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history62 months · 2021-10 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 11.7x | ₹701 cr | 9.0% | 13.0% | 0.2x |
| 2026-10 | 11.6x | ₹701 cr | 9.0% | 13.0% | 0.2x |
| 2026-09 | 13.6x | ₹701 cr | 8.9% | 13.0% | 0.2x |
| 2026-08 | 13.5x | ₹693 cr | 9.2% | 13.0% | 0.2x |
| 2026-07 | 13.6x | ₹693 cr | 9.2% | 13.0% | 0.2x |
| 2026-06 | 10.0x | ₹693 cr | 9.2% | 13.0% | 0.2x |
| 2026-05 | 6.5x | ₹705 cr | 17.8% | 6.0% | 0.2x |
| 2026-04 | 6.6x | ₹705 cr | 17.8% | 6.0% | 0.2x |
| 2026-03 | 5.2x | ₹705 cr | 17.8% | 6.0% | 0.2x |
| 2026-02 | 4.1x | ₹714 cr | 22.8% | 6.0% | 0.2x |
| 2026-01 | 4.4x | ₹714 cr | 22.8% | 6.0% | 0.2x |
| 2025-12 | 4.9x | ₹714 cr | 22.8% | 6.0% | 0.2x |
| 2025-11 | 8.4x | ₹717 cr | 13.6% | 6.0% | 0.2x |
| 2025-10 | 8.7x | ₹717 cr | 13.6% | 6.0% | 0.2x |
| 2025-09 | 10.7x | ₹717 cr | 13.6% | 6.0% | 0.2x |
| 2025-08 | 17.6x | ₹726 cr | 8.3% | 6.0% | 0.2x |
| 2025-07 | 18.7x | ₹726 cr | 8.3% | 6.0% | 0.2x |
| 2025-06 | 19.4x | ₹726 cr | 8.3% | 6.0% | 0.2x |
| 2025-05 | — | ₹736 cr | -34.6% | -10.0% | 0.3x |
| 2025-04 | — | ₹736 cr | -34.6% | -10.0% | 0.3x |
| 2025-03 | — | ₹736 cr | -34.6% | -10.0% | 0.3x |
| 2025-02 | — | ₹767 cr | -50.6% | -10.0% | 0.3x |
| 2025-01 | — | ₹767 cr | -50.6% | -10.0% | 0.3x |
| 2024-12 | — | ₹767 cr | -50.6% | -10.0% | 0.3x |
| 2024-11 | — | ₹799 cr | -99.8% | -10.0% | 0.3x |
| 2024-10 | — | ₹799 cr | -99.8% | -10.0% | 0.3x |
| 2024-09 | — | ₹799 cr | -99.8% | -10.0% | 0.3x |
| 2024-08 | — | ₹814 cr | -102.1% | -10.0% | 0.3x |
| 2024-07 | — | ₹814 cr | -102.1% | -10.0% | 0.3x |
| 2024-06 | — | ₹814 cr | -102.1% | -10.0% | 0.3x |
| 2024-05 | 471.9x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2024-04 | 527.4x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2024-03 | 534.9x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2024-02 | 659.4x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2024-01 | 833.4x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-12 | 662.7x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-11 | 629.6x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-10 | 492.9x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-09 | 547.7x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-08 | 443.4x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-07 | 471.1x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-06 | 457.0x | ₹729 cr | 0.2% | 3.0% | 0.2x |
| 2023-05 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2023-04 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2023-03 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2023-02 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2023-01 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-12 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-11 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-10 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-09 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-08 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-07 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-06 | — | ₹677 cr | -8.1% | -2.0% | 0.2x |
| 2022-05 | 22.5x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2022-04 | 27.6x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2022-03 | 24.5x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2022-02 | 24.6x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2022-01 | 37.2x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2021-12 | 45.3x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2021-11 | 46.9x | ₹609 cr | 51.9% | -2.0% | 0.8x |
| 2021-10 | 18.9x | ₹609 cr | 51.9% | -2.0% | 0.8x |