Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹221Cr
Rev Gr TTM
Revenue Growth TTM
60.73%
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | | 614.3 | -46.1 | 46.2 | 94.4 | 44.8 | 42.2 | 68.3 | 45.5 | 86.0 |
| 50 | 10 | 15 | 22 | 25 | 14 | 30 | 33 | 39 | 25 | 43 | 60 |
Operating Profit Operating ProfitCr |
| 5.6 | 12.6 | 13.2 | 11.7 | 14.5 | 14.3 | 9.1 | 7.7 | 5.2 | 9.1 | 10.8 | 10.9 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 |
Depreciation DepreciationCr | 0 | 0 | 2 | 1 | 2 | 1 | 1 | 1 | -1 | 1 | 1 | 1 |
| 2 | 1 | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 4 | 6 |
| 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
|
Growth YoY PAT Growth YoY% | 22,500.0 | | | 1,190.0 | 3.6 | 56.0 | 868.8 | -50.4 | -19.8 | 5.1 | 52.9 | 382.8 |
| 4.2 | 4.5 | 0.9 | 5.2 | 8.1 | 4.8 | 4.7 | 1.8 | 4.5 | 3.0 | 4.9 | 4.6 |
| 0.3 | 0.1 | 0.0 | 0.2 | 0.4 | 0.1 | 0.3 | 0.1 | 0.3 | 0.1 | 0.4 | 0.5 |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | | 18.1 | 54.4 | 45.3 |
| 0 | 63 | 71 | 116 | 167 |
Operating Profit Operating ProfitCr |
| | 8.9 | 13.1 | 8.1 | 9.3 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 2 | 2 | 2 | 3 |
Depreciation DepreciationCr | 0 | 1 | 5 | 3 | 2 |
| 0 | 3 | 4 | 6 | 13 |
| 0 | 0 | -1 | 1 | 5 |
|
| | 29,121.0 | 47.0 | 13.4 | 68.3 |
| | 4.2 | 5.2 | 3.8 | 4.4 |
| 0.0 | 0.5 | 0.7 | 0.8 | 1.4 |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 102 | 56 | 61 | 61 | 61 |
| -134 | 26 | 33 | 38 | 41 |
Current Liabilities Current LiabilitiesCr | 5 | 22 | 21 | 58 | 60 |
Non Current Liabilities Non Current LiabilitiesCr | 28 | 8 | 6 | 7 | 16 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 1 | 67 | 75 | 96 | 111 |
Non Current Assets Non Current AssetsCr | 0 | 45 | 46 | 68 | 68 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | -52 | 3 | 14 |
Investing Cash Flow Investing Cash FlowCr | 0 | -16 | -6 | -5 |
Financing Cash Flow Financing Cash FlowCr | 0 | 69 | 3 | -10 |
|
Free Cash Flow Free Cash FlowCr | 0 | -57 | 3 | 14 |
| 0.0 | -1,796.4 | 75.3 | 297.5 |
CFO To EBITDA CFO To EBITDA% | 0.0 | -842.1 | 29.9 | 140.4 |
| Financial Year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 0 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 |
Price To Sales Price To Sales | | 0.0 | 0.0 | 0.0 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.0 |
| -2,722.9 | 2.7 | 1.3 | 2.5 |
Profitability Ratios Profitability Ratios |
| | 100.6 | 116.9 | 109.1 |
| | 8.9 | 13.1 | 8.1 |
| | 4.2 | 5.2 | 3.8 |
| 0.2 | 4.9 | 5.4 | 6.4 |
| 0.0 | 3.5 | 4.5 | 4.9 |
| -1.1 | 2.6 | 3.5 | 3.0 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
ACS Technologies Limited is a forward-thinking Indian technology enterprise with over 40 years of experience in delivering integrated digital infrastructure and smart technology solutions. The company serves government, defense, public sector undertakings (PSUs), BFSI, healthcare, and commercial enterprises, operating as a full-scale system integrator across IT infrastructure, cybersecurity, IoT, AI, and geospatial technologies. As of November 2025, ACS has undergone a strategic transformation to position itself as a dual-vertical organization—**Infrastructure Technologies** and **Convergence Technologies**—to enhance market focus, reduce risk, and accelerate growth.
---
### **Recent Developments (November 2025)**
#### **Major Contract Award – Digital Infrastructure for Amaravati Capital Region**
- In November 2025, ACS Technologies secured a **domestic contract worth ₹14.44 crore** from **Redbay Technologies Private Limited** for a comprehensive digital infrastructure project in the **Amaravati capital region**.
- The project is non-related party and free of promoter group interest, affirming its arms-length nature and competitive bidding success.
- Key deliverables include:
- Creation of a **multi-layered orthomosaic base map** using high-resolution drone surveys.
- Establishment of **Master Control Points (MCPs)**, **Ground Control Points (GCPs)**, and utility mapping across habitation zones.
- Development and installation of **premium DDN (Digital Data Numbering) plates** for property identification and assessment.
- A **digitized base map with over 200 layers**, forming a foundational digital twin for urban planning.
#### **Digital Ecosystem Deployment**
- Design and deployment of a **web and mobile application ecosystem** integrated with **BHIM UPI and RuPay**, supporting:
- **One million users**.
- Scalable transaction capacity of **10,000 transactions per hour**.
- Implementation of a robust **hardware and server ecosystem**, including a **5 petabyte (PB) storage server**, enabling large-scale data processing and archiving.
This project underscores ACS’s growing role in **smart city infrastructure**, **geospatial intelligence**, and **digital financial inclusion**, aligning with national initiatives like Digital India and Smart Cities Mission.
---
### **Strategic Restructuring (September 2025)**
ACS Technologies has restructured into **two distinct business verticals**, effective September 2025:
#### **1. Infrastructure Technologies Vertical**
- **Focus**: Mission-critical, stable-revenue IT and telecom infrastructure services.
- **Core Offerings**:
- IT Infrastructure: Data centers, cloud migration, network design, enterprise support.
- Telecommunications: Fiber rollout, network deployment, 5G support.
- Cybersecurity: Threat management, compliance (ISO 27001), consulting, and secure infrastructure.
- Facilities Management: Building automation, infrastructure monitoring.
- **Strengths**:
- 40+ years of legacy in government and defense sectors.
- Security clearances, vendor empanelments (e.g., ECIL, ITIL), and long-term client relationships.
- Certifications: ISO 20000-1, ISO 27001, ISO 9001:2015.
- **Client Model**: Long-term contracts with government, defense, PSUs, and large enterprises.
#### **2. Convergence Technologies Vertical**
- **Focus**: High-growth, innovation-driven technologies targeting emerging markets.
- **Core Focus Areas**:
- **IoT & Industrial Automation** (via **IOTIQ** platform).
- **Artificial Intelligence & Machine Learning**.
- **Drone-based geospatial services**.
- **Smart City & Urban Intelligence Solutions**.
- **Growth Drivers**:
- AI Centre of Excellence and R&D in AI-powered chatbots, predictive maintenance, and real-time data analytics.
- In-house product development in **smart helmets**, **proximity detection systems**, **industrial sensors**, and **LoRa-based mesh networks**.
- Expansion into defense, BFSI, manufacturing, and healthcare digital transformation.
- **Client Model**: Project-based engagements, solution licensing, and SaaS/PaaS offerings.
---
### **Dual Revenue & Risk Model**
- **Balanced Portfolio**:
- *Infrastructure* provides **steady, recurring revenue** resilient during economic downturns.
- *Convergence* drives **high-margin, high-growth** innovation-led projects.
- **Market Risk Diversification**: Reduces dependency on single technology or client base.
- **Cross-Vertical Synergies**:
- AI-powered threat detection in cybersecurity.
- IoT analytics integrated with telecom networks.
- GIS and drone data enhanced by AI modeling.
---
### **Technology & Innovation (2023–2025)**
#### **Athena Smart Analytics Platform**
- A cloud-based, scalable **Common Operational Picture (COP)** platform unifying multiple smart systems.
- Currently integrates **16+ IoT systems**, including:
- Smart water meters
- Street lighting
- Fleet and vehicle tracking
- Digital signage for smart advertising
- **Upcoming Integrations**: Emergency video conferencing, smart condominiums, passenger information systems, energy monitoring.
- Designed to scale from **individual homes to entire cities**.
#### **Proprietary Products & SaaS Offerings**
- **IOTIQ**: Brand for home/office automation using Zigbee protocol — secure, scalable, and affordable.
- **ACS IntelliQ**: Queue management system deployed at Apollo Health Group (India) with international expansion underway in Thailand (LoI for 450 hospitals).
- **ACS DMS**: Enterprise Document Management System managing 7+ TB for APEPDCL (Andhra Pradesh power utility).
- **ACS HelpDesk**: Internally developed SaaS for IT service management; being commercialized for government and corporate use to generate **recurring monthly revenue (MRR)**.
#### **R&D Focus**
- **Industrial IoT (IIoT)** for manufacturing, pharma, agriculture, and construction.
- Development of **custom electronics**, PCBs, firmware, and communication modules.
- Planned **in-house electronics assembly and testing facility** to reduce supply chain costs and enhance IP control.
---
### **Market Expansion & Partnerships (2023–2025)**
#### **Domestic Expansion**
- Core markets: Telangana, Andhra Pradesh, Kerala, Maharashtra, Odisha.
- New sales offices planned in **Chennai, Bengaluru, Pune, Mumbai, Delhi NCR, Kolkata**.
- Targeting high-value contracts (₹5–25 crore) across construction, real estate, hospitality, and facilities management.
#### **Global Outreach**
- Reinitiated expansion in **Thailand** (Naresuan Medical Centre PoC) and **Middle East**.
- Strategic partnerships with IT/IoT vendors and academic institutions in **India, UK, Germany, USA, and Thailand** for joint R&D and IP creation.
- Minority stakes in startups to broaden solution portfolio and optimize supply chain.
---
### **Client Base & Differentiation**
- **Clients**: Military, central/state governments, PSUs, banks, airports, corporate sector.
- **Differentiators**:
- Custom solutions over off-the-shelf products.
- System integration across **IT, IoT, security, and O&M**.
- Strong geospatial expertise (30+ years) and drone capabilities.
- Focus on **government and smart city projects** with complex, large-scale requirements.
- Over **80% revenue from long-term clients**, indicating high trust and delivery consistency.