Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹2,044Cr
Rev Gr TTM
Revenue Growth TTM
16.12%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SILVERTUC
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% | 8.3 | 27.8 | 22.2 | 15.7 | 79.3 | 30.9 | 44.6 | 39.5 | 8.7 | 11.3 | 14.3 | 29.5 |
| 37 | 40 | 46 | 46 | 68 | 50 | 66 | 65 | 70 | 54 | 72 | 77 |
Operating Profit Operating ProfitCr |
| 16.4 | 8.2 | 11.8 | 13.9 | 13.8 | 11.5 | 12.2 | 13.1 | 18.0 | 14.3 | 16.1 | 19.8 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 5 | 2 | 5 | 6 | 9 | 5 | 6 | 7 | 12 | 6 | 10 | 15 |
| 1 | 0 | 1 | 1 | 3 | 1 | 2 | 1 | 3 | 2 | 2 | 4 |
|
Growth YoY PAT Growth YoY% | 519.7 | 12.2 | 68.7 | 115.2 | 54.5 | 125.8 | 21.9 | 12.6 | 45.7 | 21.7 | 69.5 | 109.5 |
| 9.3 | 3.4 | 7.0 | 8.8 | 8.0 | 5.8 | 5.9 | 7.1 | 10.8 | 6.4 | 8.7 | 11.4 |
| 0.3 | 0.1 | 0.3 | 0.4 | 0.5 | 0.3 | 0.3 | 0.4 | 0.7 | 0.3 | 0.6 | 0.9 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 40.2 | 22.3 | -9.9 | -19.8 | -8.3 | 17.3 | 37.0 | 28.6 | 14.7 |
| 111 | 156 | 191 | 177 | 148 | 128 | 147 | 199 | 251 | 273 |
Operating Profit Operating ProfitCr |
| 10.0 | 9.7 | 9.3 | 7.0 | 2.7 | 8.3 | 10.3 | 11.1 | 13.0 | 17.3 |
Other Income Other IncomeCr | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 0 |
Interest Expense Interest ExpenseCr | 3 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 7 |
Depreciation DepreciationCr | 4 | 3 | 4 | 4 | 2 | 3 | 5 | 5 | 7 | 8 |
| 6 | 14 | 15 | 8 | 1 | 9 | 13 | 22 | 30 | 42 |
| 2 | 5 | 4 | 3 | 0 | 2 | 4 | 5 | 8 | 11 |
|
| | 106.5 | 26.1 | -50.1 | -81.2 | 550.3 | 51.0 | 65.4 | 38.2 | 43.0 |
| 3.3 | 4.8 | 5.0 | 2.8 | 0.7 | 4.6 | 5.9 | 7.2 | 7.7 | 9.6 |
| 3.2 | 0.8 | 8.3 | 4.2 | 0.8 | 5.0 | 0.8 | 1.3 | 1.8 | 2.5 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| 36 | 53 | 63 | 68 | 69 | 73 | 82 | 100 | 121 | 132 |
Current Liabilities Current LiabilitiesCr | 29 | 49 | 55 | 48 | 33 | 30 | 42 | 41 | 88 | 105 |
Non Current Liabilities Non Current LiabilitiesCr | 4 | 3 | 2 | 4 | 10 | 7 | 11 | 18 | 21 | 29 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 53 | 93 | 105 | 102 | 93 | 91 | 101 | 116 | 164 | 190 |
Non Current Assets Non Current AssetsCr | 23 | 25 | 28 | 30 | 31 | 32 | 47 | 57 | 79 | 90 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 13 | 8 | -7 | 0 | 12 | 8 | 16 | 3 | -3 |
Investing Cash Flow Investing Cash FlowCr | -3 | -3 | -5 | -3 | -2 | -7 | -19 | -12 | -19 |
Financing Cash Flow Financing Cash FlowCr | -9 | 2 | 8 | 2 | -6 | -8 | 7 | 3 | 27 |
|
Free Cash Flow Free Cash FlowCr | 9 | 6 | -12 | -2 | 9 | 1 | -5 | -10 | -22 |
| 309.6 | 101.2 | -64.2 | 6.1 | 1,181.3 | 117.3 | 162.3 | 17.5 | -11.8 |
CFO To EBITDA CFO To EBITDA% | 102.2 | 50.6 | -34.6 | 2.4 | 281.3 | 64.8 | 93.2 | 11.2 | -7.0 |
| Financial Year | 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 | 0 | 152 | 160 | 131 | 108 | 258 | 464 | 816 | 802 |
Price To Earnings Price To Earnings | 0.0 | 18.2 | 15.2 | 24.8 | 109.0 | 40.1 | 47.8 | 50.8 | 36.1 |
Price To Sales Price To Sales | 0.0 | 0.9 | 0.8 | 0.7 | 0.7 | 1.9 | 2.8 | 3.6 | 2.8 |
Price To Book Price To Book | 0.0 | 2.5 | 2.2 | 1.7 | 1.4 | 3.0 | 4.9 | 7.2 | 6.0 |
| 0.7 | 8.3 | 8.1 | 9.9 | 22.9 | 20.6 | 27.1 | 32.8 | 22.1 |
Profitability Ratios Profitability Ratios |
| 59.9 | 49.2 | 56.4 | 64.3 | 64.0 | 85.5 | 88.2 | 85.6 | 83.7 |
| 10.0 | 9.7 | 9.3 | 7.0 | 2.7 | 8.3 | 10.3 | 11.1 | 13.0 |
| 3.3 | 4.8 | 5.0 | 2.8 | 0.7 | 4.6 | 5.9 | 7.2 | 7.7 |
| 16.0 | 22.6 | 19.6 | 10.8 | 3.2 | 11.2 | 13.9 | 18.6 | 19.1 |
| 9.6 | 12.8 | 13.9 | 6.5 | 1.2 | 7.5 | 10.2 | 14.2 | 16.6 |
| 5.3 | 7.1 | 7.9 | 4.0 | 0.8 | 5.3 | 6.6 | 9.3 | 9.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Company Overview**
Silver Touch Technologies Limited (STTL) is a publicly listed Indian IT services and digital transformation company headquartered in Ahmedabad, Gujarat. Listed on both the **NSE (SILVERTUC)** and **BSE (543525)**, STTL has evolved from a computer sales and maintenance startup founded in 1992 into a full-service, global IT solutions provider with over **30 years of experience** and a strong legacy in e-Governance, enterprise digital transformation, and emerging technologies.
The company employs **over 1,500 qualified IT professionals** and serves a diverse client base of over **2,000 global clients**, including government agencies, public sector undertakings (PSUs), and large enterprises across industries such as pharmaceuticals, manufacturing, BFSI, retail, healthcare, and transportation.
---
### **Leadership & Governance**
Founded in 1995 by four engineering graduates, the company is co-led by **Mr. Vipul Haridas Thakkar**, Chairman & Managing Director, a seasoned leader with over 27 years of experience in e-Governance and enterprise IT. His strategic vision has steered the company from local IT services to a globally recognized digital transformation partner.
---
### **Global Presence & Structure**
Silver Touch operates through a robust global delivery model:
- **India**: Headquarters in Ahmedabad, with offices in New Delhi and Mumbai.
- **International Subsidiaries**:
- Silver Touch Technologies Inc. (USA, 2012)
- Silver Touch Technologies Canada Limited (Toronto, 2021–22)
- The company delivers projects across the **USA, UK, Canada, France, Germany, Australia, the Middle East**, and India.
STTL is empaneled with the **Government of India** and various state governments and PSUs, reinforcing its credibility in public-sector digitalization.
---
### **Core Service Domains**
STTL offers end-to-end digital transformation services across six key verticals:
1. **Digital Transformation & AI Services**
2. **E-Governance Solutions**
3. **SAP & Odoo ERP Services**
4. **System Integration**
5. **Cloud & Cybersecurity**
6. **Robotic Process Automation (RPA) & Intelligent Automation**
It holds **CMMi Level 5 certification**, demonstrating excellence in process maturity and software delivery.
---
### **Recent Strategic Developments (2025)**
#### **Key Contracts & Government Projects**
- **Airports Authority of India (AAI) Contract**:
In Nov 2025, STTL secured a major contract to deploy **secure communication systems and VHF Active Multicoupler networks** across **15 Indian airports**, enhancing Air Traffic Control (ATC) infrastructure and network security. This highlights STTL’s capability in mission-critical, high-stakes environments.
- **National Medical Commission (NMC) Partnership**:
Appointed as the **Managed Service Provider (MSP)** to modernize and operate the NMC’s nationwide digital ecosystem, reinforcing STTL’s leadership in digital public services.
#### **Enterprise & International Projects**
- **SAP S/4HANA Transformation**:
Successfully delivered an SAP S/4HANA ERP transformation for a major Indian manufacturing conglomerate, consolidating over **20 plants** onto a unified cloud platform. Results include:
- **25% reduction in process turnaround time**
- Real-time analytics and integrated MIS for improved decision-making.
- **UK Financial Services Cloud Migration**:
Migrated a mid-sized UK financial firm to **Microsoft Azure**, implementing a comprehensive **cybersecurity framework** including SOC, vulnerability assessment, and GDPR compliance. Achieved:
- **99.9% system uptime**
- Full GDPR compliance and enhanced data protection.
---
### **Innovation & Strategic Focus Areas (2025)**
#### **1. Generative AI & AI-Driven Products**
STTL is a recognized leader in **Generative AI adoption**, leveraging AI/ML across sectors:
- Launched **CHATGMP™** and **BatchSmart™** via its **AI4Pharma Tech Limited** joint venture (50.09% owned), targeting the pharmaceutical industry with AI-powered compliance and batch-release platforms:
- **CHATGMP™**: Trained on 88,000+ FDA inspection records; provides real-time compliance guidance.
- **BatchSmart™**: Automates batch record reviews across multiple plants with centralized dashboards.
- Developed **enterprise AI chatbots**, including a smart grievance-tracking bot for the **Aaple Sarkar portal**, supporting multilingual (Hindi, Marathi, Gujarati, English), text-to-speech, and real-time API-based status updates.
#### **2. High-Performance Computing (HPC) & AI Infrastructure**
- Deployed **NVIDIA DGX A100-based HPC clusters** for research institutes (e.g., Institute for Plasma Research), combining AI and traditional HPC to accelerate scientific discovery.
- Delivered GPU-powered HPC solutions with **petaflops-level performance**, MIG support, and high-speed interconnects for AI training in healthcare and life sciences.
#### **3. Robotic Process Automation (RPA) & Cognitive Automation**
- Implemented **AI-integrated RPA bots** for:
- **Accounts Payable automation** using SAP and Azure Cognitive Services (98% accuracy).
- **Bid tracking automation** for an international client, overcoming CAPTCHA and session timeout challenges.
- **Tax and accounting automation** for CA firms, reducing manual effort by 95%.
- **Timecard and payroll automation** for UK manufacturing firms, saving over 6,000 labor hours.
#### **4. E-Governance & Citizen Services**
- A leading **e-Governance solutions provider** in India, STTL delivers:
- **Smart City** platforms
- **Direct Benefit Transfer (DBT) Portals**
- **Single Window Systems**
- **Digital Governance & Mobile-First G2C/G2B platforms**
- Developed the **Khel Mahakumbh portal** for the Sports Authority of Gujarat, managing 50+ lakh player registrations and one of India’s largest sports databases.
#### **5. Cloud & Cybersecurity**
- Offers **managed cybersecurity services** including **SOC-as-a-Service, VAPT, and identity management** with 24/7 monitoring.
- Operates a **private cloud in the UK**, hosting SAP, HANA, and virtual desktops, with plans to expand cloud hosting and SaaS offerings.
---
### **Financial & Operational Strength**
- As of **April 1, 2025**, market capitalization stood at **INR 8,367 million**.
- Delivered **over 4,000 projects**, developed **1,000+ applications**, and completed **350+ ERP implementations**.
- Over **20 AI/ML and AI infrastructure projects** delivered.
- Strong **order pipeline** in government and enterprise digital transformation.