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IB Infotech Enterprises Ltd

IBINFO

BSE

₹27.24-3.95%19 Oct 2026

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Trading

IB Infotech Enterprises Ltd

IBINFO

BSE

₹27.24

-3.95%

19 Oct 2026

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Indices

Business Overview: What the company does, in plain English.Forensic Report: Accounting quality and red flags.

IB Infotech Enterprises is a small listed company that spent most of its life dormant, earning nothing but interest on fixed deposits while it searched for a way to restart. That restart came in 2022, when it pivoted sharply from its original IT charter into supplying goods and services to a network of educational trusts and managing a hotel business - both tied to its promoter group. The recurring pattern is simple: the company uses related-party contracts with trusts and firms connected to its directors to generate its income, operating as a trading and services vehicle rather than a manufacturer.

Business segments

A single operating engine - supplying goods and services to educational institutions - with a small hospitality side bet that was acquired from related parties.

1. Supply of goods and services to educational institutions: the company's sole operating engine

The company earns its income by selling everything from uniforms and stationery to computer hardware and transport services to a closed network of promoter-linked schools and colleges under three-year contracts.

One customer group, many items - it supplies uniforms, stationery, electronic items, furniture, computer hardware and software, and even transport and maintenance services to educational institutions, all under contracts that treat it as a single "Operating Segment".
Revenue locked in by related-party deals - the Board approved three-year supply contracts in August 2022 with two charitable trusts: Thakur Educational Trust (worth ₹1.23 crores) and Sheth Vasantben Natwarlal Charitable Trust (worth ₹2.00 crores), making the company's income dependent on a handful of promoter-affiliated institutions.
It holds inventory, but lightly - the company carries stock-in-trade valued at the lower of cost and net realisable value on a FIFO basis, and recognises revenue from goods only when the risks and rewards of ownership pass to the institution, net of returns and taxes.
No manufacturing, no exports - the company does not make anything itself and has no foreign exchange transactions, so every rupee it earns comes from domestic trading and services within this closed institutional loop.

2. Hospitality management: a small related-party side bet

The company bought 81% of a hotel business from relatives of its promoter and signed a management contract to run it, aiming to earn fees from an industry it had never operated in before.

Acquired, not built - in February 2022, the Board agreed to subscribe to 202,500 equity shares of Pearl Leisure Private Limited for ₹20.25 lakhs, giving it 81% ownership of a company incorporated in 2011 in Ahmedabad that had a turnover of roughly ₹131.50 lakhs at the time.
A management contract layered on top - simultaneously, the company proposed a five-year agreement with Pearl Leisure to manage its hotel operations - administration, marketing, catering, housekeeping, and lodging - for up to ₹10 crores per annum, creating a fee stream on top of the equity stake.
Promoter overlap, but not called a related-party deal - relatives of the promoter director were existing shareholders of Pearl Leisure, yet the acquisition was not classified as a related-party transaction.
The subsidiary later disappeared from filings - later annual reports state the company has no subsidiaries, suggesting the stake was sold or restructured, though the details are not disclosed in the available notes.

Group structure and partners

The company is a tightly held promoter vehicle with no operating subsidiaries, run by a husband-and-wife director pair who control nearly two-thirds of the shares.

Promoters hold the reins - as of March 2023, Rita Rajkumar Singh held 45.47% and Rajkumar Singh held 18.49%, giving the promoter family a combined 63.96% stake, with their son Bavel Rajkumar Singh also serving as a Non-Executive Director during FY24.
A small board with family at the centre - the Board as of March 2025 comprised Mr. Rajkumar Singh (Non-Executive Director and spouse of Mrs. Rita Singh), Mrs. Rita Singh (Whole Time Director appointed in October 2024), and three other directors including two independents, so executive authority sits with the promoter family.
No group companies, no holding structure - the company has no holding company, no Core Investment Company, and no subsidiaries, associates, or joint ventures, making it a standalone listed entity with no corporate group around it.
Listed but thinly traded - its equity shares trade on the BSE under Scrip Code 519463, with both CDSL and NSDL connectivity for dematerialised holdings, and its registrar is Link Intime India Pvt Ltd.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹35Cr

Close Price

₹27.24

Industry

Trading

Price To Earnings

28.08

Price To Sales

5.49

Revenue

₹6Cr

Rev Gr TTM

Revenue Growth TTM

-1.09%

PAT Gr TTM

PAT Growth TTM

-2.33%

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	1	1	2	2	2	1	1	2	2	2	0	1
Growth YoY Revenue Growth YoY%	31.6	-42.0	150.8	-0.8	117.0	-6.4	-28.1	-3.0	3.7	170.4	-79.1	-34.4
Expenses ExpensesCr	1	1	1	2	2	1	1	1	2	2	1	1
Operating Profit Operating ProfitCr	0	0	0	1	0	0	0	1	0	1	-1	0
OPM OPM%	16.0	17.0	14.4	21.4	20.7	43.2	32.7	52.9	18.7	21.4	-343.5	23.5
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	1	0
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	0	0	0	0	0	1	0	0	0	1
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	0	0
PAT PATCr	0	0	0	0	0	0	0	1	0	0	0	0
Growth YoY PAT Growth YoY%	-21.4	-75.5	14.3	-8.8	45.5	15.4	-18.8	174.2	68.8	133.3	100.0	-55.3
NPM NPM%	11.0	13.8	10.5	13.3	7.4	17.1	11.8	37.4	12.0	14.7	113.0	25.5
EPS EPS₹	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.7	0.2	0.3	0.2	0.3

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	1	1	2	2	2	1	1	2	2	2	0	1
Growth YoY Revenue Growth YoY%	31.6	-42.0	150.8	-0.8	117.0	-6.4	-28.1	-3.0	3.7	170.4	-79.1	-34.4
Expenses ExpensesCr	1	1	1	2	2	1	1	1	2	2	1	1
Operating Profit Operating ProfitCr	0	0	0	1	0	0	0	1	0	1	-1	0
OPM OPM%	16.0	17.0	14.4	21.4	20.7	43.2	32.7	52.9	18.7	21.4	-343.5	23.5
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	1	0
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	0	0	0	0	0	1	0	0	0	1
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	0	0
PAT PATCr	0	0	0	0	0	0	0	1	0	0	0	0
Growth YoY PAT Growth YoY%	-21.4	-75.5	14.3	-8.8	45.5	15.4	-18.8	174.2	68.8	133.3	100.0	-55.3
NPM NPM%	11.0	13.8	10.5	13.3	7.4	17.1	11.8	37.4	12.0	14.7	113.0	25.5
EPS EPS₹	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.7	0.2	0.3	0.2	0.3

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	0	0	0	0	0	0	0	3	6	6	7	6
Growth Revenue Growth%									95.0	11.1	10.0	-1.1
Expenses ExpensesCr	0	0	0	0	0	0	0	2	5	5	6	6
Operating Profit Operating ProfitCr	0	0	0	0	0	0	0	1	1	2	1	0
OPM OPM%								27.6	17.5	26.1	19.2	7.7
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	1	2
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	1	0	0
PBT PBTCr	0	0	0	0	0	0	0	1	1	1	2	2
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	1	0
PAT PATCr	0	0	0	0	0	0	0	1	1	1	2	1
Growth PAT Growth%	104.0	-1,416.2	7.1	-56.9	-29.1	11.2	-37.2	718.9	-0.7	1.3	132.9	-2.3
NPM NPM%								24.6	12.5	11.4	24.2	19.8
EPS EPS₹	0.0	0.0	0.0	-0.1	-0.8	-0.1	-0.1	0.6	0.6	0.6	1.4	1.0

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	0	0	0	0	0	0	0	3	6	6	7	6
Growth Revenue Growth%									95.0	11.1	10.0	-1.1
Expenses ExpensesCr	0	0	0	0	0	0	0	2	5	5	6	6
Operating Profit Operating ProfitCr	0	0	0	0	0	0	0	1	1	2	1	0
OPM OPM%								27.6	17.5	26.1	19.2	7.7
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	1	2
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	1	0	0
PBT PBTCr	0	0	0	0	0	0	0	1	1	1	2	2
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	1	0
PAT PATCr	0	0	0	0	0	0	0	1	1	1	2	1
Growth PAT Growth%	104.0	-1,416.2	7.1	-56.9	-29.1	11.2	-37.2	718.9	-0.7	1.3	132.9	-2.3
NPM NPM%								24.6	12.5	11.4	24.2	19.8
EPS EPS₹	0.0	0.0	0.0	-0.1	-0.8	-0.1	-0.1	0.6	0.6	0.6	1.4	1.0

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	1	1	1	1	1	1	1	1	1	1	1
Reserves ReservesCr	0	0	0	-1	-1	-1	-1	0	0	1	3
Current Liabilities Current LiabilitiesCr	0	0	0	0	0	0	0	0	0	1	1
Non Current Liabilities Non Current LiabilitiesCr	0	0	0	0	0	0	0	0	0	2	2
Total Liabilities Total LiabilitiesCr	1	1	1	1	1	1	0	1	2	5	7
Current Assets Current AssetsCr	0	1	1	1	1	1	0	1	1	2	5
Non Current Assets Non Current AssetsCr	1	0	0	0	0	0	0	1	0	2	2
Total Assets Total AssetsCr	1	1	1	1	1	1	0	1	2	5	7

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	1	1	1	1	1	1	1	1	1	1	1
Reserves ReservesCr	0	0	0	-1	-1	-1	-1	0	0	1	3
Current Liabilities Current LiabilitiesCr	0	0	0	0	0	0	0	0	0	1	1
Non Current Liabilities Non Current LiabilitiesCr	0	0	0	0	0	0	0	0	0	2	2
Total Liabilities Total LiabilitiesCr	1	1	1	1	1	1	0	1	2	5	7
Current Assets Current AssetsCr	0	1	1	1	1	1	0	1	1	2	5
Non Current Assets Non Current AssetsCr	1	0	0	0	0	0	0	1	0	2	2
Total Assets Total AssetsCr	1	1	1	1	1	1	0	1	2	5	7

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	0	0	0	0	0	0	0	-13	1	1	-1
Investing Cash Flow Investing Cash FlowCr	-1	1	0	0	0	0	0	13	-1	0	1
Financing Cash Flow Financing Cash FlowCr	0	0	0	0	0	0	0	0	0	-1	0
Net Cash Flow Net Cash FlowCr	-1	1	0	0	0	0	0	0	0	0	0
Free Cash Flow Free Cash FlowCr	0	0	0	0	0	0	0	-14	2	1	-1
CFO To PAT CFO To PAT%	-1,493.4	198.1	-27.1	41.1	72.3	119.5	127.0	-1,819.2	103.4	173.4	-32.6
CFO To EBITDA CFO To EBITDA%	89.5	91.1	-11.8	25.8	51.8	93.3	107.0	-1,621.7	74.2	76.0	-41.1

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	0	0	0	0	0	0	0	-13	1	1	-1
Investing Cash Flow Investing Cash FlowCr	-1	1	0	0	0	0	0	13	-1	0	1
Financing Cash Flow Financing Cash FlowCr	0	0	0	0	0	0	0	0	0	-1	0
Net Cash Flow Net Cash FlowCr	-1	1	0	0	0	0	0	0	0	0	0
Free Cash Flow Free Cash FlowCr	0	0	0	0	0	0	0	-14	2	1	-1
CFO To PAT CFO To PAT%	-1,493.4	198.1	-27.1	41.1	72.3	119.5	127.0	-1,819.2	103.4	173.4	-32.6
CFO To EBITDA CFO To EBITDA%	89.5	91.1	-11.8	25.8	51.8	93.3	107.0	-1,621.7	74.2	76.0	-41.1

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr		3	2	2		1	2	8	15	22	79	35
Price To Earnings Price To Earnings								10.8	20.4	30.2	45.9	28.1
Price To Sales Price To Sales								2.7	2.5	3.5	11.1	5.5
Price To Book Price To Book		3.9	2.2	2.9		2.8	5.0	7.0	8.5	9.2	19.7	8.7
EV To EBITDA EV To EBITDA		-22.2	-9.4	-11.5		-8.2	-13.8	9.2	14.1	14.3	59.3	78.1
Profitability Ratios Profitability Ratios
GPM GPM%								44.5	38.5	45.6	38.2	38.2
OPM OPM%								27.6	17.5	26.1	19.2	7.7
NPM NPM%								24.6	12.5	11.4	24.2	19.8
ROCE ROCE%	0.7	-6.2	-6.1	-10.6	-15.9	-16.5	-29.2	70.8	56.3	26.6	41.9	41.9
ROE ROE%	0.4	-6.2	-6.1	-10.6	-15.9	-16.5	-29.2	64.4	41.9	30.6	42.9	42.9
ROA ROA%	0.4	-6.2	-6.0	-10.5	-15.5	-15.2	-27.9	56.6	38.7	15.4	25.6	25.6
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr		3	2	2		1	2	8	15	22	79	35
Price To Earnings Price To Earnings								10.8	20.4	30.2	45.9	28.1
Price To Sales Price To Sales								2.7	2.5	3.5	11.1	5.5
Price To Book Price To Book		3.9	2.2	2.9		2.8	5.0	7.0	8.5	9.2	19.7	8.7
EV To EBITDA EV To EBITDA		-22.2	-9.4	-11.5		-8.2	-13.8	9.2	14.1	14.3	59.3	78.1
Profitability Ratios Profitability Ratios
GPM GPM%								44.5	38.5	45.6	38.2	38.2
OPM OPM%								27.6	17.5	26.1	19.2	7.7
NPM NPM%								24.6	12.5	11.4	24.2	19.8
ROCE ROCE%	0.7	-6.2	-6.1	-10.6	-15.9	-16.5	-29.2	70.8	56.3	26.6	41.9	41.9
ROE ROE%	0.4	-6.2	-6.1	-10.6	-15.9	-16.5	-29.2	64.4	41.9	30.6	42.9	42.9
ROA ROA%	0.4	-6.2	-6.0	-10.5	-15.5	-15.2	-27.9	56.6	38.7	15.4	25.6	25.6
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	ORIENTALTL	NUWAY	PANCHATV	IBINFO	ROSEMER	PACE	NEWTRAC
Market CapitalizationMkt CapCr	36	35	35	35	34	34	33
Close PriceClose₹	4.89	37.00	60.45	27.24	43.08	14.99	4.97
IndustryIndustry	Trading	Trading	Trading	Trading	Trading	Trading	Trading
Price To EarningsPE	11.64	168.18	8.77	28.08	4.47	9.03
Price To SalesPS	1.31	3,546.45	0.62	5.49	0.36	0.34	1.07
RevenueRevenueCr	27	0	57	6	94	100	31
Revenue Growth TTMRev Gr TTM%	23.4%			-1.1%	-6.8%	38.7%	-25.8%
PAT Growth TTMPAT Gr TTM%	-76.7%	111.9%		-2.3%	-25.1%	18.2%	-1,546.2%

	ORIENTALTL	NUWAY	PANCHATV	IBINFO	ROSEMER	PACE	NEWTRAC
Market CapitalizationMkt CapCr	36	35	35	35	34	34	33
Close PriceClose₹	4.89	37.00	60.45	27.24	43.08	14.99	4.97
IndustryIndustry	Trading	Trading	Trading	Trading	Trading	Trading	Trading
Price To EarningsPE	11.64	168.18	8.77	28.08	4.47	9.03
Price To SalesPS	1.31	3,546.45	0.62	5.49	0.36	0.34	1.07
RevenueRevenueCr	27	0	57	6	94	100	31
Revenue Growth TTMRev Gr TTM%	23.4%			-1.1%	-6.8%	38.7%	-25.8%
PAT Growth TTMPAT Gr TTM%	-76.7%	111.9%		-2.3%	-25.1%	18.2%	-1,546.2%

FY2026

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FY2024

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FY2026

Jun 26