Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹839Cr
Rev Gr TTM
Revenue Growth TTM
12.28%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

KELLTONTEC
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% | 15.4 | 15.0 | 5.9 | 6.3 | 2.1 | 5.2 | 12.5 | 13.6 | 15.5 | 12.8 | 10.7 | 10.4 |
| 226 | 222 | 214 | 227 | 216 | 230 | 238 | 245 | 257 | 260 | 263 | 269 |
Operating Profit Operating ProfitCr |
| 6.9 | 11.0 | 11.0 | 7.5 | 13.0 | 12.2 | 12.0 | 12.2 | 10.2 | 11.9 | 12.2 | 12.6 |
Other Income Other IncomeCr | -183 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | 6 |
Depreciation DepreciationCr | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| -174 | 20 | 19 | 10 | 24 | 23 | 24 | 25 | 21 | 27 | 29 | 30 |
| 2 | 4 | 2 | 1 | 0 | 3 | 4 | 4 | 1 | 4 | 5 | 5 |
|
Growth YoY PAT Growth YoY% | -1,037.2 | -5.2 | -1.8 | -50.9 | 113.6 | 29.3 | 18.9 | 157.3 | -19.8 | 13.6 | 22.5 | 21.5 |
| -72.7 | 6.2 | 6.9 | 3.3 | 9.7 | 7.6 | 7.3 | 7.5 | 6.7 | 7.7 | 8.0 | 8.3 |
| -3.8 | 0.3 | 0.4 | 0.1 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 |
| Financial Year | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 78.0 | | 71.4 | 27.4 | 3.9 | -5.3 | 0.6 | 8.6 | 8.9 | 7.2 | 11.7 | 8.3 |
| 205 | 309 | 533 | 665 | 696 | 658 | 668 | 738 | 824 | 878 | 970 | 1,050 |
Operating Profit Operating ProfitCr |
| 13.7 | 13.8 | 13.3 | 15.1 | 14.5 | 14.6 | 13.9 | 12.4 | 10.2 | 10.6 | 11.6 | 11.8 |
Other Income Other IncomeCr | 2 | 1 | 4 | 3 | 5 | 4 | 5 | 1 | -182 | 2 | 2 | 4 |
Interest Expense Interest ExpenseCr | 6 | 9 | 10 | 16 | 19 | 16 | 13 | 12 | 11 | 18 | 20 | 21 |
Depreciation DepreciationCr | 3 | 3 | 4 | 5 | 7 | 13 | 13 | 11 | 14 | 16 | 17 | 16 |
| 26 | 39 | 71 | 99 | 97 | 87 | 87 | 83 | -114 | 72 | 93 | 107 |
| 4 | 8 | 18 | 31 | 20 | 17 | 16 | 13 | 13 | 8 | 13 | 16 |
|
| 246.9 | | 71.3 | 28.9 | 12.5 | -8.3 | 0.8 | -0.9 | -280.0 | 150.5 | 24.6 | 14.6 |
| 9.3 | 8.6 | 8.6 | 8.7 | 9.4 | 9.2 | 9.2 | 8.4 | -13.8 | 6.5 | 7.3 | 7.7 |
| 2.6 | 0.7 | 0.5 | 1.3 | 1.6 | 1.5 | 1.5 | 1.5 | -2.7 | 1.3 | 1.6 | 1.8 |
| Financial Year | Jun 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 | 22 | 23 | 24 | 48 | 48 | 48 | 48 | 48 | 48 | 49 | 49 | 53 |
| 44 | 102 | 154 | 212 | 281 | 368 | 372 | 430 | 325 | 395 | 487 | 664 |
Current Liabilities Current LiabilitiesCr | 116 | 141 | 164 | 224 | 208 | 212 | 164 | 157 | 166 | 167 | 187 | 180 |
Non Current Liabilities Non Current LiabilitiesCr | 43 | 42 | 110 | 97 | 62 | 90 | 47 | 37 | 58 | 50 | 67 | 40 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 128 | 188 | 226 | 340 | 356 | 418 | 413 | 463 | 522 | 562 | 683 | 784 |
Non Current Assets Non Current AssetsCr | 109 | 121 | 226 | 241 | 243 | 300 | 219 | 209 | 75 | 98 | 106 | 154 |
Total Assets Total AssetsCr |
| Financial Year | Jun 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 | 17 | 14 | 43 | 55 | 59 | 56 | 80 | 1 | 24 | 56 | 6 |
Investing Cash Flow Investing Cash FlowCr | -56 | -29 | -46 | -40 | -39 | -39 | 32 | -4 | -72 | -40 | -25 |
Financing Cash Flow Financing Cash FlowCr | 51 | 7 | 12 | -10 | -15 | -13 | -102 | -11 | 53 | -19 | 19 |
|
Free Cash Flow Free Cash FlowCr | -41 | -15 | 40 | 47 | 48 | 30 | 74 | -11 | 3 | 35 | -5 |
| 76.8 | 44.0 | 80.9 | 80.2 | 76.6 | 80.1 | 111.8 | 0.9 | -19.1 | 87.8 | 7.4 |
CFO To EBITDA CFO To EBITDA% | 52.1 | 27.6 | 52.4 | 46.3 | 50.0 | 50.3 | 73.8 | 0.6 | 26.0 | 53.8 | 4.6 |
| Financial Year | Jun 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 | 284 | 1,002 | 627 | 626 | 385 | 69 | 693 | 812 | 424 | 949 | 1,041 |
Price To Earnings Price To Earnings | 12.8 | 24.3 | 11.8 | 9.2 | 5.0 | 1.0 | 9.8 | 11.5 | 0.0 | 14.8 | 13.1 |
Price To Sales Price To Sales | 1.2 | 2.8 | 1.0 | 0.8 | 0.5 | 0.1 | 0.9 | 1.0 | 0.5 | 1.0 | 0.9 |
Price To Book Price To Book | 4.3 | 8.0 | 3.5 | 2.4 | 1.2 | 0.2 | 1.6 | 1.7 | 1.1 | 2.1 | 1.9 |
| 10.3 | 21.6 | 8.7 | 6.0 | 3.9 | 1.3 | 7.0 | 8.6 | 5.8 | 10.1 | 9.2 |
Profitability Ratios Profitability Ratios |
| 98.8 | 99.0 | 99.8 | 95.5 | 97.3 | 97.0 | 98.1 | 99.7 | 100.0 | 100.0 | 100.0 |
| 13.7 | 13.8 | 13.3 | 15.1 | 14.5 | 14.6 | 13.9 | 12.4 | 10.2 | 10.6 | 11.6 |
| 9.3 | 8.6 | 8.6 | 8.7 | 9.4 | 9.2 | 9.2 | 8.4 | -13.8 | 6.5 | 7.3 |
| 23.3 | 23.9 | 29.6 | 32.2 | 26.8 | 19.6 | 19.3 | 16.1 | -19.8 | 15.5 | 16.1 |
| 33.8 | 24.6 | 29.9 | 26.3 | 23.4 | 16.9 | 16.9 | 14.7 | -34.0 | 14.4 | 14.9 |
| 9.3 | 10.0 | 11.8 | 11.8 | 12.8 | 9.8 | 11.3 | 10.5 | -21.3 | 9.7 | 10.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Kellton Tech Solutions Ltd. is a publicly listed global provider of AI-first digital transformation and technology consulting services. Headquartered in Hyderabad, India, the company operates across the United States, Europe, and the Asia-Pacific region with over **1,800 employees** and a presence in **10 global locations**. Listed on the NSE (KELLTONTEC) and BSE (519602), Kellton partners with startups to Fortune 500 enterprises to build intelligent, scalable, and future-ready digital ecosystems.
Kellton has established itself as a leader in **Agentic AI, enterprise application modernization, cloud engineering, SAP services, data analytics, IoT, and product engineering**, earning recognition from industry analysts such as **Zinnov Zones (Leader in ER&D and Experience Engineering)**, **ISG**, and **Avasant (Challenger in SAP S/4HANA Services)**. The company is also a **CMMI Level-5 and ISO 9001:2015 certified** organization.
---
### **Core Business Segments & Revenue Streams**
Kellton’s business is diversified across five core service lines:
1. **AI & Machine Learning**: Focus on **Generative AI** and **Agentic AI** to create autonomous, context-aware enterprise solutions.
2. **Data and Analytics**: AI-driven platforms for real-time insights, advanced data management, and analytics.
3. **Product Engineering**: Cloud-native, AI-integrated digital products tailored to client needs.
4. **Cloud Engineering**: End-to-end cloud services — migration, implementation, optimization, and security.
5. **SAP Services**: Full lifecycle SAP implementation, modernization (S/4HANA), and managed services.
- **Digital Transformation Services** account for ~82% of revenue, highlighting Kellton’s identity as a transformation-first partner.
- Over **51% of revenue is derived from exports**, with ~80% coming from the **North American market**, making it vulnerable to geopolitical and regulatory risks (e.g., H-1B visa policies, economic cycles).
- The company is actively diversifying into **Canada, Europe, Middle East, and Asia-Pacific** to balance geographic exposure.
---
### **Recent Strategic Developments (Nov 2025)**
Kellton is at the forefront of enterprise AI and large-scale digital transformation:
#### **1. Major Client Implementations & Deliverables**
- **Global Food Services Enterprise**: Successfully launched a next-generation **iPaaS (Integration Platform as a Service)** across **10 countries and over 1,500 stores**, replacing legacy middleware with a modern, scalable architecture.
- **Asia Cup 2025 OTT Streaming**: Enabled high-quality, **low-latency live streaming** for millions of viewers in partnership with a leading OTT platform (e.g., Sony LIV), showcasing capabilities in **cloud-native engineering and digital broadcasting**.
- **SAP S/4HANA Transformation**: Leading end-to-end ERP modernization programs for major industrial and engineering enterprises, including a **21-entity multinational go-live**, recognized publicly by client CIOs and SAP.
#### **2. Agentic AI Leadership**
- Launched **KAI (Kellton Agentic Intelligence)**, an **enterprise-grade Agentic AI platform** that autonomously manages workflows in Finance, HR, Operations, and Support by integrating with existing systems.
- Developing **Agentic AI-powered Risk Adjustment Solution** for a healthcare AI company to automate **payer workflows**, reduce compliance risks, and accelerate decision-making.
- Partnered with a **U.S. consumer finance firm** to apply Agentic AI in **risk modeling, portfolio evaluation, and lending decisions**, enhancing accuracy, transparency, and regulatory compliance.
#### **3. Strategic Partnerships & Co-Development**
- Signed a **strategic MoU under the EU-India Framework Agreement** with a European tech firm to co-develop a sovereign, human-centric AI ecosystem, including contributions to an **AI Gigafactory** focused on AI, Cloud, and Cybersecurity.
- Empanelled as a **technology partner by a global logistics conglomerate** to develop AI solutions including **predictive route optimization, intelligent chatbots, and data-led decision platforms**.
#### **4. Expansion of Proprietary Platforms**
- **Audit.io**: A no-code/low-code mobile platform for digitizing audits and compliance, with growing adoption in retail and manufacturing.
- **Task.io**: An automated task management system that transforms SOPs into actionable daily tasks, enhancing team efficiency.
- **Optima**: Proprietary Industrial IoT platform used in energy and oil & gas sectors for real-time monitoring and predictive maintenance.
#### **5. AI & Digital Transformation in Key Verticals**
- **Healthcare**: Developed digital platforms for surgical device tracking, automated resource management, and federal grant processing modernization.
- **Energy**: Deployed AI-powered **Fuel Tracker Management System** for coal logistics automation and executed a **$2.5M IoT project with Oil India Ltd.** for real-time wellhead monitoring.
- **Media & Entertainment**: Built next-gen OTT CMS for a 33M+ user platform, recognized by **MongoDB** for scalability and efficiency.
- **Finance & BFSI**: Collaborating with a U.S. consumer finance firm on AI-driven operational efficiency and launched secure digital payment solutions.
---
### **Strategic Growth Initiatives**
#### **Acquisitions & Capital Deployment**
- Raised **~Rs. 600 crores** (~$100M) through FCCB and QIP rounds in late 2024/2025.
- Capital is being deployed for **strategic acquisitions**, targeting companies with:
- Deep **AI, data, or cybersecurity capabilities**.
- Access to **new customer bases or geographies**.
- Acquired **Xitij (U.S.-based Microsoft partner)** in March 2025 to strengthen cloud and data analytics expertise in the Microsoft ecosystem.
- Aims to **improve EBITDA margins of acquired entities** within 6–12 months through operational optimization.
#### **Product-Led Growth & IP Development**
- Generating early revenues from proprietary products (~$500K) with a target of **$20–30 million in annual product revenue by 2028**.
- Focus on **SaaS platforms (tHRive+, Audit.io, KeLive)** and platforms-as-products (Optima, KAI).
- Investing in **AI-driven product IP** and planning **opportunistic acquisitions** to accelerate R&D.
#### **Global Expansion & Talent Strategy**
- Expanding footprint in **APAC, Canada, and Europe** (especially BENELUX) to reduce dependency on North America.
- Investing in **AI upskilling programs**, including training in **LLMs, prompt engineering, and AI ethics**, with strategic partnerships with **Microsoft, AWS, and Google Cloud**.
- Adopting a **"follow-the-sun" delivery model** using AI tools for knowledge management and multilingual collaboration.
---
### **Key Differentiators**
- **AI-First Philosophy**: Embedded Agentic and Generative AI in core operations and client offerings across SAP, payments, compliance, and customer experience.
- **Full-Stack Digital Capabilities**: Combines consulting, product engineering, cloud, data, and AI to deliver end-to-end transformation.
- **Proprietary Platforms**: KAI, Audit.io, Task.io, tHRive+, KeLive, and Optima demonstrate shift toward product-led innovation.
- **Public Sector & UN Engagement**: Selected by **UNFPA** to develop **generative AI applications for global health programs**, reinforcing trust and ethical AI stance.
- **SAP Leadership**: SAP Silver Partner, **authorized for RISE with SAP**, operates a **dedicated SAP Center of Excellence**, and has delivered greenfield S/4HANA implementations on AWS.