Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Atishay Ltd

ATISHAY
BSE
194.70
0.15%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
Alert
Watchlist
Note

Atishay Ltd

ATISHAY
BSE
194.70
0.15%
30 Apr '26, 4:00 PM
Company Overview
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
215Cr
Close
Close Price
194.70
Industry
Industry
IT Enabled Services/Business Process Outsourcing
PE
Price To Earnings
29.95
PS
Price To Sales
3.85
Revenue
Revenue
56Cr
Rev Gr TTM
Revenue Growth TTM
9.05%
PAT Gr TTM
PAT Growth TTM
2.00%
Peer Comparison
How does ATISHAY stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
ATISHAY
VS

Quarterly Results

Standalone
Numbers
Percentage
QuarterJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
RevenueCr
7712171013151312181510
Growth YoY
Revenue Growth YoY%
89.343.195.7156.949.978.229.4-26.521.138.01.5-20.8
Expenses
ExpensesCr
7691481112101015137
Operating Profit
Operating ProfitCr
013322332333
OPM
OPM%
3.019.023.019.216.415.819.222.916.414.416.726.6
Other Income
Other IncomeCr
000101111000
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000100100001
PBT
PBTCr
013322332232
Tax
TaxCr
001111111111
PAT
PATCr
012311222222
Growth YoY
PAT Growth YoY%
130.6415.0575.0377.4881.840.811.6-6.752.826.2-10.4-25.0
NPM
NPM%
1.614.116.114.510.711.213.918.413.510.212.217.4
EPS
EPS
0.10.91.72.31.01.31.92.11.51.71.71.6

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
191921232623262021435156
Growth
Revenue Growth%
-2.214.46.315.0-11.514.0-24.88.6101.618.29.0
Expenses
ExpensesCr
141515182020221921364246
Operating Profit
Operating ProfitCr
54656351181010
OPM
OPM%
24.821.627.420.224.112.217.53.03.817.718.717.7
Other Income
Other IncomeCr
11111212222
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
111112211222
PBT
PBTCr
54546340181010
Tax
TaxCr
111120100233
PAT
PATCr
333342201677
Growth
PAT Growth%
-12.29.0-7.338.6-41.81.3-95.5476.8754.326.11.9
NPM
NPM%
17.916.115.313.416.110.69.40.63.012.813.712.8
EPS
EPS
3.62.23.02.83.82.22.30.10.65.16.46.5

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
9911111111111111111111
Reserves
ReservesCr
121415182223262526313744
Current Liabilities
Current LiabilitiesCr
442367364597
Non Current Liabilities
Non Current LiabilitiesCr
144321000112
Total Liabilities
Total LiabilitiesCr
253132354143404341485863
Current Assets
Current AssetsCr
117691415151715142330
Non Current Assets
Non Current AssetsCr
142426262628262626343633
Total Assets
Total AssetsCr
253132354143404341485863

Cash Flow

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
1311080-284-2
Investing Cash Flow
Investing Cash FlowCr
-9-20-10-211-603
Financing Cash Flow
Financing Cash FlowCr
3-1-1-2-2-2-2-1-1-10
Net Cash Flow
Net Cash FlowCr
-500-2-130-2130
Free Cash Flow
Free Cash FlowCr
-11101070-262
CFO To PAT
CFO To PAT%
41.879.430.931.417.1318.1347.2-232.8137.257.6-34.5
CFO To EBITDA
CFO To EBITDA%
31.344.420.421.014.9171.366.5-183.799.442.1-24.9

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
36537895783031433280221241
Price To Earnings
Price To Earnings
10.817.623.931.318.612.212.3394.050.114.431.533.8
Price To Sales
Price To Sales
1.92.83.74.23.01.31.22.21.51.94.34.3
Price To Book
Price To Book
1.82.33.03.32.40.90.81.20.91.94.64.4
EV To EBITDA
EV To EBITDA
6.213.613.620.912.711.66.371.836.910.322.824.3
Profitability Ratios
Profitability Ratios
GPM
GPM%
51.842.092.681.596.797.5100.199.7100.0102.198.241.5
OPM
OPM%
24.821.627.420.224.112.217.53.03.817.718.717.7
NPM
NPM%
17.916.115.313.416.110.69.40.63.012.813.712.8
ROCE
ROCE%
22.615.217.314.116.67.610.61.63.417.918.716.5
ROE
ROE%
16.713.012.510.412.97.26.70.31.813.114.513.0
ROA
ROA%
13.69.610.28.610.35.76.20.31.611.512.011.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Atishay Limited is a technology-driven IT services company with over three decades of experience, established in 1989 as Associated Computer Services and incorporated as a public limited company in 2013. Listed on the BSE SME platform, Atishay has evolved into a leading provider of e-Governance, financial inclusion, system integration, and digital transformation solutions across India. Operating in seven states—primarily Rajasthan, Madhya Pradesh, Himachal Pradesh, Maharashtra, and expanding into Haryana and Odisha—the company serves more than 12 government entities and public sector undertakings (PSUs). Atishay positions itself as a bridge between citizens and public services, aligning its growth strategy with the national vision of *Viksit Bharat@2047*. With a strong emphasis on innovation, operational efficiency, and long-term client relationships, it combines software development, hardware deployment, and network management to deliver scalable, secure, and citizen-centric digital solutions. --- ### **Core Business Segments** 1. **e-Governance & Public Sector Digitization** - Large-scale digitization of government databases, services, and rural infrastructure. - System integration for electoral rolls, Aadhaar, voter ID, land records, and cooperative institutions. - Development and maintenance of government applications compliant with data security standards (ISO 27000, CERT-In). 2. **Financial Inclusion & Retail Fintech** - Operation of **Zapurse**, a multi-service digital platform offering banking, AePS, mATM, DMT, utility payments, FasTAG, insurance, and mobile recharges. - Deployment of micro-ATMs and cash-out services through Aadhaar-enabled biometric transactions in rural areas. - Aggregator role in delivering financial services via E-Mitra kiosks and a decentralized agent network. 3. **System Integration & Software Solutions** - Turnkey solutions integrating hardware, software, and networking for government and enterprise clients. - In-house product development including **eSahyog** (PACS automation), **TrackVec** (fleet and asset tracking), and **Maxidoo** (ERP for hospitality). - Strategic partnerships with BSNL, UIDAI, and state governments to support backend operations and digital infrastructure. --- ### **Recent Developments (2025–2024)** #### **November 2025** - Atishay received a **Letter of Acceptance (LOA)** from **RajCOMP Info Services Ltd (RISL)**, a Government of Rajasthan PSU, to act as **Local Service Provider (LSP)** for the **e-Mitra kiosk program**. - Will be responsible for setting up and managing e-Mitra kiosks across **three divisions** (Ajmer, Bikaner, Jaipur), covering **17 districts**. - This marks a significant expansion in Atishay’s footprint in Rajasthan’s e-governance ecosystem, enhancing its role in last-mile delivery of G2C and B2C services. #### **May 2025 (Multiple Highlights)** - Awarded major contracts to digitize **Primary Agriculture Credit Societies (PACS)** in **Madhya Pradesh (4,536 societies)** and **Himachal Pradesh (1,782 societies)**. - Achieved **100% Go-Live status in MP**, making it the **first fully digital state** under the national PACS digitization initiative. - Completed Phase I in HP with **80% Go-Live**, with five-year post-implementation support planned. - Secured projects in **Agriculture & Rural Development Banks (ARDBs)** in HP and developed software for digital finance initiatives in Rajasthan and HP. - Received orders for **micro-ATM supply**, **smart classroom integration**, and **Ayushman Card printing and delivery** in Haryana and Odisha. - Appointed to manage **computerization of Registrar of Cooperative Societies (RCS)** offices in Himachal Pradesh. - Investing in **AI, Big Data, and Blockchain** to enhance service delivery, data security, and system scalability. #### **Earlier Contracts (2024–2025)** | Date | Key Development | |------|------------------| | Dec 2024 | ₹19.95 lakh contract for Smart Classroom at Govt. College of Pharmacy, Rohru (HP). | | Nov 2024 | ₹1.93 crore contract for computerization of ARDBs across all districts in HP. | | Oct 2024 | ₹16 crore order for digitizing 919 additional PACS in HP (expanding from prior 863). | | Jul 2024 | ₹90.69 lakh order from Ganganagar KCSB for micro-ATM supply under PACS digitization. | | Mar 2025 | ₹27.64 lakh order from Udaipur Central Cooperative Bank for micro-ATMs in Rajasthan. | | Feb 2025 | ₹19.57 lakh order for Smart Classroom at Govt. College of Pharmacy, Kangra (HP). | | Jan 2025 | ₹3.02 crore contract from **Government of Odisha** to print and deliver **co-branded Ayushman cards** across 10 districts. | > These recurring contracts underscore strong **client trust, execution capability, and revenue visibility** in the rural and cooperative finance space. --- ### **Flagship Platforms & Products** #### **1. Zapurse** - Rebranded from Atishay Online, Zapurse is a **digital self-service platform** aggregating financial and utility services. - Offers: Banking, DMT, AePS, mATM, FasTAG, insurance, bill payments, recharges. - Serves over **30,000 E-Mitra kiosks in Rajasthan** and **2,000+ direct agents** in MP, MH, and other states. - Processed over **₹3,360 crores** in transactions (as of May 2025). - Targets **micro-entrepreneurs**, enabling financial inclusion through decentralized retail points. #### **2. e-Mitra @Home** - Atishay is the **exclusive technology partner** for Rajasthan’s **e-Mitra platform**, delivering over **450 G2C and B2C services** at citizens’ doorsteps. - Manages **IT infrastructure, e-Sahayaks (field agents), and system integrations** across government departments. - Enabled **Single Sign-On (SSO), Aadhaar-based authentication**, and digital payments through Aadhaar-enabled systems. - Recognized as a **best-practice model** for citizen-centric service delivery with national replication potential. #### **3. TrackVec** - Proprietary GPS-based platform for: - Fleet management (real-time tracking, driver behavior, fuel monitoring) - Asset tracking (logistics, supply chain) - Workforce monitoring (field staff, attendance) - Personal tracking (family safety) #### **4. eSahyog** - Centralized ERP solution for **PACS automation**, compliant with **NABARD’s Common Accounting Standard (CAS)**. - Digitizes loan management, member accounts, and daily operations of rural cooperatives. - Deployed across thousands of societies in MP and HP, with hardware and data migration support. --- ### **Strategic Strengths** - **Proven Track Record**: Completed **100+ government projects** worth over **₹85 crores** in the last three financial years. - **Diversified Revenue Model**: Reduced dependence on single states or verticals through multi-state e-governance and fintech expansion. - **Operational Efficiency**: Achieves cost savings via automation, process optimization, vendor contracts, and skilled workforce deployment. - **Technology Leadership**: Active in **AI, Big Data, Blockchain**, and real-time analytics to improve service delivery and security. - **Government Trust**: Empanelled with **UIDAI** across 6 states, technology partner for **e-Mitra**, and trusted system integrator for electoral, cooperative, and urban infrastructure projects. - **Scalable Agent Network**: Operating **over 36,000 POS terminals** (30,000+ in Rajasthan alone), building **India’s largest last-mile digital distribution network**. --- ### **Financial and Operational Metrics (as of May 2025)** - **Transaction Volume (Zapurse)**: ₹3,360 crores - **Agent Network**: 30,000+ E-Mitra kiosks (Rajasthan), 2,000+ agents (Pan-India) - **Project Execution**: 4,536 PACS (MP), 1,782+ PACS (HP), 17 districts in Raj. (e-Mitra LSP) - **Years of Experience**: Over 35 years in public sector IT services - **States Served**: 7 (Rajasthan, MP, HP, Maharashtra, Haryana, Odisha, Chhattisgarh) - **Clients**: 12+ government entities and PSUs