Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹72Cr
Rev Gr TTM
Revenue Growth TTM
51.59%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ORCHASP
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 1.0 | -34.1 | -25.4 | -23.3 | -64.0 | 14.8 | 31.1 | 75.7 | 100.3 | 122.7 | 64.3 | -27.6 |
| 16 | 3 | 3 | 3 | 4 | 3 | 19 | 6 | 4 | 7 | 7 | 4 |
Operating Profit Operating ProfitCr |
| -67.6 | 14.8 | 17.4 | 11.7 | -15.1 | 11.8 | -321.6 | 8.2 | 42.8 | 9.2 | 3.9 | 5.3 |
Other Income Other IncomeCr | 5 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| -2 | 0 | 0 | 0 | 0 | 0 | -14 | 1 | 3 | 1 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -137.1 | -57.6 | -29.2 | -71.6 | 100.6 | -8.0 | -4,300.0 | 85.2 | 30,100.0 | 134.8 | 101.5 | -62.0 |
| -17.1 | 8.3 | 9.7 | 7.9 | 0.3 | 6.6 | -311.1 | 8.3 | 43.1 | 7.0 | 2.8 | 4.4 |
| -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.4 | 0.0 | -0.4 | 0.0 | 0.0 | 0.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 16.7 | 15.1 | 296.3 | 95.7 | -42.3 | 36.6 | -90.1 | 355.7 | -37.1 | -43.5 | 59.2 | 26.4 |
| 24 | 17 | 49 | 101 | 55 | 80 | 8 | 37 | 27 | 13 | 32 | 22 |
Operating Profit Operating ProfitCr |
| -108.6 | -29.6 | 8.4 | 3.7 | 8.5 | 3.0 | -0.5 | 0.2 | -15.4 | 5.5 | -51.6 | 15.9 |
Other Income Other IncomeCr | -14 | 0 | 0 | 0 | 4 | 0 | 1 | 1 | 5 | 1 | 1 | 0 |
Interest Expense Interest ExpenseCr | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 1 | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -29 | -67 | 2 | 3 | 7 | 2 | 0 | 0 | 0 | 1 | -11 | 4 |
| 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
| -1,11,564.8 | -132.0 | 103.5 | 64.1 | 62.9 | -72.9 | -87.4 | -73.5 | 526.3 | 94.1 | -1,648.7 | 137.6 |
| -247.1 | -498.0 | 4.3 | 3.6 | 10.3 | 2.0 | 2.6 | 0.1 | 1.5 | 5.1 | -49.9 | 14.9 |
| -4.0 | -9.3 | 0.3 | 0.5 | 0.7 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | -0.4 | -0.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 72 | 72 | 14 | 16 | 20 | 20 | 20 | 20 | 23 | 30 | 64 | 64 |
| 9 | -59 | 2 | 7 | 77 | 78 | 81 | 81 | 78 | 78 | 48 | 49 |
Current Liabilities Current LiabilitiesCr | 13 | 15 | 29 | 15 | 16 | 22 | 29 | 45 | 74 | 71 | 89 | 104 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 1 | 1 | 0 | 3 | 4 | 1 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 26 | 25 | 43 | 37 | 47 | 55 | 61 | 77 | 107 | 111 | 133 | 148 |
Non Current Assets Non Current AssetsCr | 69 | 5 | 3 | 2 | 69 | 69 | 69 | 68 | 68 | 68 | 68 | 68 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 28 | 2 | -2 | -2 | -2 | 2 | -4 | -12 | 0 | 0 | -16 |
Investing Cash Flow Investing Cash FlowCr | -27 | 0 | 0 | 0 | -63 | 0 | -3 | 0 | 0 | 0 | 0 |
Financing Cash Flow Financing Cash FlowCr | -1 | -1 | 2 | 4 | 65 | -3 | 7 | 12 | 0 | 0 | 15 |
|
Free Cash Flow Free Cash FlowCr | 2 | 2 | -2 | -3 | -1 | 2 | -4 | -12 | 0 | 0 | -16 |
| -98.1 | -2.3 | -96.3 | -64.8 | -34.2 | 99.6 | -1,699.5 | -21,495.3 | 122.3 | 46.0 | 148.1 |
CFO To EBITDA CFO To EBITDA% | -223.2 | -38.7 | -49.8 | -63.6 | -41.5 | 66.7 | 8,737.2 | -14,707.3 | -11.9 | 43.2 | 143.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 7 | 5 | 27 | 21 | 18 | 8 | 15 | 70 | 31 | 62 | 71 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 11.5 | 5.5 | 2.9 | 4.9 | 77.5 | 709.0 | 91.0 | 83.2 | 0.0 |
Price To Sales Price To Sales | 0.6 | 0.4 | 0.5 | 0.2 | 0.3 | 0.1 | 1.9 | 1.9 | 1.3 | 4.7 | 3.4 |
Price To Book Price To Book | 0.1 | 0.4 | 1.6 | 0.9 | 0.2 | 0.1 | 0.1 | 0.7 | 0.3 | 0.6 | 0.6 |
| -0.6 | -1.4 | 6.5 | 5.7 | 4.3 | 4.2 | -370.2 | 857.8 | -8.5 | 85.4 | -6.5 |
Profitability Ratios Profitability Ratios |
| 99.7 | 99.7 | 100.0 | 100.0 | 100.0 | 63.3 | 100.0 | 100.0 | 97.9 | 100.0 | 99.7 |
| -108.6 | -29.6 | 8.4 | 3.7 | 8.5 | 3.0 | -0.5 | 0.2 | -15.4 | 5.5 | -51.6 |
| -247.1 | -498.0 | 4.3 | 3.6 | 10.3 | 2.0 | 2.6 | 0.1 | 1.5 | 5.1 | -49.9 |
| -33.9 | -476.1 | 12.8 | 11.9 | 8.6 | 2.6 | 1.0 | 0.8 | 1.2 | 1.4 | -9.2 |
| -35.8 | -486.8 | 14.4 | 16.1 | 6.4 | 1.7 | 0.2 | 0.1 | 0.3 | 0.6 | -9.4 |
| -30.3 | -228.6 | 5.1 | 9.9 | 5.3 | 1.4 | 0.2 | 0.0 | 0.2 | 0.4 | -5.2 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Orchasp Limited is a **public limited IT services company** headquartered in **Hyderabad, Telangana, India**, listed on both the **Bombay Stock Exchange (BSE)** and the **National Stock Exchange (NSE)**. The company operates as a mid-tier digital transformation and technology solutions provider, offering **bespoke software development**, **cloud services**, **data analytics**, **AI/ML**, **IoT**, and **business process automation** across diverse industry domains.
Over recent years, Orchasp has evolved from a traditional IT services provider into a **platform-driven digital solutions company**, with a strategic focus on **Industry 4.0**, **cloud-native technologies**, and **end-to-end digital transformation services**.
---
### **Core Services & Offerings**
#### **1. Application Development & Automation**
- Builds **secure, production-ready web applications** using modern frameworks (as of 2023–2025).
- Utilizes **iterative UI/UX design processes**, converting conceptual designs into functional wireframes and final applications.
- Offers **full-cycle development**, from ideation to deployment and maintenance.
- Supports **automated builds, testing, and deployment**, enabling clients to scale efficiently in cloud environments.
- Implements **proactive application monitoring** to detect and resolve issues before impact.
#### **2. Cloud Enablement Services**
- Provides **comprehensive cloud services** including strategy, architecture, migration, integration, deployment, and ongoing support.
- Focuses on **cloud-native solutions** with an emphasis on **resilience, automation, optimization, and multi-cloud compatibility**.
- Aligns with industry forecasts: over **95% of new workloads expected on cloud-native platforms by 2025** (Gartner).
- Services are **customized** based on client industry, needs, and cloud maturity level.
#### **3. Data Analytics, AI & Machine Learning**
- Delivers **end-to-end AI/ML and analytics solutions**, guiding clients from **use case prioritization** to **enterprise-wide deployment**.
- Empowers organizations to **operationalize data and AI initiatives** and convert investments into measurable business outcomes.
- Leverages AI/ML for **predictive analytics**, **driver behavior monitoring**, and **industrial predictive maintenance systems**.
#### **4. Internet of Things (IoT) & Embedded Systems**
- Specializes in **full-stack IoT development** for **Industry 4.0** and **enterprise applications**.
- Develops **embedded technologies for connected vehicles**, including **intuitive driver monitoring apps**.
- Deploys **AI-powered predictive maintenance systems** for industrial clients.
- Has developed **IoT-based smart meter regulating stations** for natural gas, featuring **remote control, leak detection, automatic shutoff, and real-time billing**.
#### **5. Business Process Services (BPS) & RPA**
- Combines **people, processes, and technology** to deliver **value-driven business transformation**.
- Uses **Robotic Process Automation (RPA), AI, and ML** to automate repetitive tasks and improve efficiency.
- Offers **on-demand IT staffing and staff augmentation**, enabling clients to scale teams flexibly and reduce fixed costs.
- Provides solutions for **sales commission automation, investor communications, credit card management**, and **ERP systems** (e.g., Sugar ERP for the sugar industry).
#### **6. E-Learning & Training Platforms**
- Operates **Indusmasters.in**, a **centralized Learning Management System (LMS)** for corporate training.
- Enables **scalable, real-time employee development** and rapid deployment of product training across dispersed teams.
- Focuses on **digital upskilling** and **process streamlining** for enterprise clients.
---
### **Platform-Based Business Model (Indus Brand Ecosystem)**
Since 2022, Orchasp has adopted a **platform-led strategy**, launching a suite of **nine digital platforms** under the **"Indus" brand**, serving both **B2B and B2C** markets:
1. **Indusayush / Cyber1health.com** – Electronic Health Records (EHR) platform enabling secure, centralized storage and global access to patient data (diagnostics, prescriptions, imaging, etc.). Exclusive access for patients, doctors, and insurers. Pilot achieved over **10,000 active users**.
2. **Induscargo / Bharatcargo.in** – Logistics platform for **Small and Medium Fleet Operators (SFOs/MFOs)**, supporting **Full Truck Load (FTL)** and **Partial Truck Load (PTL)** services. Aggregates shipments and optimizes route efficiency.
3. **Induskare.in** – Healthcare emergency services aggregator connecting users to emergency medical support.
4. **Induscrafts.in (formerly Indycrafts)** – E-commerce marketplace for **Indian heritage handicrafts and handlooms**, connecting artisans with domestic and global consumers. Focus on **capacity building, skill development, and marketing support**.
5. **Indusmaster** – Informal e-learning and digital skilling platform.
These platforms follow a **service aggregation model**, enrolling service providers, acquiring customers via **subscription or free registration**, and monetizing through **transaction fees, subscriptions, or ads**.
---
### **Industry Domains & Client Focus**
Orchasp has developed **deep domain expertise** in:
- **Healthcare** (Healsoft hospital management software, EHR systems)
- **Telecom**
- **Engineering & Energy** (smart metering, gas regulation)
- **Logistics & Transportation**
- **Retail**
- **Government & Public Sector**
Serves **mid-sized enterprises**, **government bodies**, and **SMEs**, maintaining **long-standing client relationships** built on consistent delivery, structured processes, and robust documentation.
---
### **Geographic Presence & Market Strategy**
- **Dedicated sales teams** in **India, UAE, and USA**, with coverage in major cities.
- Generates a **growing share of revenue from international clients**, primarily in the **U.S.**, due to **higher profit margins**.
- Growth driven by:
- Expansion of **end-to-end service offerings** for existing clients
- Increasing **export market focus**
- Platform monetization and digital product sales
**International operations** expose the company to **global economic volatility and geopolitical risks**, while domestic operations remain sensitive to **pandemic-related disruptions**.
---
### **Technology & Innovation Strategy**
- **Industry 4.0 Focus**: Strategic alignment with industrial automation, smart systems, and IoT-driven transformation.
- **Startup Partnerships**: Actively pursuing collaborations with startups to co-develop innovative solutions in **AI, cybersecurity, analytics, and digital platforms**.
- **Investments Planned** in **platform development**, **acquisitions**, and **emerging tech R&D**.
- Enhancing core offerings in **cybersecurity, analytics, IT infrastructure, and BPO**.
---
### **Operational & Governance Strengths**
- Maintains a **robust Quality and Information Security Management System (QMS/ISMS)**, regularly reviewed in management meetings.
- Emphasizes **structured processes, documentation, and operational efficiency**.
- Offers **tailored cybersecurity solutions** with real-time alerts, reporting dashboards, and threat mitigation for complex landscapes.
---
### **Financial & Competitive Position**
- **Competes with**:
- Large IT firms in **application development, maintenance, and BPO**
- Mid-sized and small firms in **government contracts and niche domains**
- Revenue mix includes **project-based services**, **subscription-based platforms**, and **product sales**.
- The **project services segment** (installation, modernization, maintenance) constituted over **35% of the IT professional services market** in 2021.