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Trigyn Technologies Ltd

TRIGYN·NSE
55.76-0.46%Tue, 22 Sept '26

Trigyn Technologies Ltd

TRIGYN
NSE
55.76
-0.46%
|Tue, 22 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
172Cr
Close
Close Price
55.76
Industry
Industry
IT - Software
PE
Price To Earnings
17.10
PS
Price To Sales
0.17
Revenue
Revenue
1,005Cr
Rev Gr TTM
Revenue Growth TTM
14.33%
PAT Gr TTM
PAT Growth TTM
2,291.30%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
316307334242208207240225242258252253
Growth YoY
Revenue Growth YoY%
-2.3-9.73.1-25.0-34.3-32.6-28.3-7.216.424.85.112.6
Expenses
ExpensesCr
300323317232203207234227240258248249
Operating Profit
Operating ProfitCr
16-171794-16-22043
OPM
OPM%
5.1-5.45.23.92.1-0.32.3-1.00.90.11.41.4
Other Income
Other IncomeCr
323444444344
Interest Expense
Interest ExpenseCr
001000211011
Depreciation
DepreciationCr
222111111111
PBT
PBTCr
17-16181262715266
Tax
TaxCr
66-145145-1163
PAT
PATCr
11-22198013-55113
Growth YoY
PAT Growth YoY%
0.5-243.6632.8-37.1-96.7105.6-86.5-160.61,363.9-43.9-75.4175.7
NPM
NPM%
3.4-7.25.73.10.20.61.1-2.02.20.30.31.4
EPS
EPS
3.5-7.26.22.50.10.40.8-1.51.70.20.21.1
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
316307334242208207240225242258252253
Growth YoY
Revenue Growth YoY%
-2.3-9.73.1-25.0-34.3-32.6-28.3-7.216.424.85.112.6
Expenses
ExpensesCr
300323317232203207234227240258248249
Operating Profit
Operating ProfitCr
16-171794-16-22043
OPM
OPM%
5.1-5.45.23.92.1-0.32.3-1.00.90.11.41.4
Other Income
Other IncomeCr
323444444344
Interest Expense
Interest ExpenseCr
001000211011
Depreciation
DepreciationCr
222111111111
PBT
PBTCr
17-16181262715266
Tax
TaxCr
66-145145-1163
PAT
PATCr
11-22198013-55113
Growth YoY
PAT Growth YoY%
0.5-243.6632.8-37.1-96.7105.6-86.5-160.61,363.9-43.9-75.4175.7
NPM
NPM%
3.4-7.25.73.10.20.61.1-2.02.20.30.31.4
EPS
EPS
3.5-7.26.22.50.10.40.8-1.51.70.20.21.1

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
6256796858959119851,0411,2731,2808989761,005
Growth
Revenue Growth%
26.78.70.830.71.88.25.622.30.6-29.88.714.3
Expenses
ExpensesCr
5636126238108338939751,2121,245880973995
Operating Profit
Operating ProfitCr
6267618577926561351849
OPM
OPM%
9.89.98.99.48.59.36.34.82.72.00.40.9
Other Income
Other IncomeCr
211-4533612171515
Interest Expense
Interest ExpenseCr
111123322333
Depreciation
DepreciationCr
111123777533
PBT
PBTCr
626660787889595838261319
Tax
TaxCr
24272030282720241815119
PAT
PATCr
38393948506239352012210
Growth
PAT Growth%
56.71.81.122.83.424.1-37.2-11.3-42.4-41.0-83.12,291.3
NPM
NPM%
6.15.85.85.45.56.33.82.71.61.30.21.0
EPS
EPS
13.013.213.216.016.320.212.711.36.53.80.63.3
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
6256796858959119851,0411,2731,2808989761,005
Growth
Revenue Growth%
26.78.70.830.71.88.25.622.30.6-29.88.714.3
Expenses
ExpensesCr
5636126238108338939751,2121,245880973995
Operating Profit
Operating ProfitCr
6267618577926561351849
OPM
OPM%
9.89.98.99.48.59.36.34.82.72.00.40.9
Other Income
Other IncomeCr
211-4533612171515
Interest Expense
Interest ExpenseCr
111123322333
Depreciation
DepreciationCr
111123777533
PBT
PBTCr
626660787889595838261319
Tax
TaxCr
24272030282720241815119
PAT
PATCr
38393948506239352012210
Growth
PAT Growth%
56.71.81.122.83.424.1-37.2-11.3-42.4-41.0-83.12,291.3
NPM
NPM%
6.15.85.85.45.56.33.82.71.61.30.21.0
EPS
EPS
13.013.213.216.016.320.212.711.36.53.80.63.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
2930303131313131313131
Reserves
ReservesCr
259295336402473527577650679703766
Current Liabilities
Current LiabilitiesCr
55557397104115140164160150170
Non Current Liabilities
Non Current LiabilitiesCr
233111010711121316
Total Liabilities
Total LiabilitiesCr
347385446541618683755856874903982
Current Assets
Current AssetsCr
219243289372410462518552682720790
Non Current Assets
Non Current AssetsCr
127142158169208221237304191183192
Total Assets
Total AssetsCr
347385446541618683755856874903982
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
2930303131313131313131
Reserves
ReservesCr
259295336402473527577650679703766
Current Liabilities
Current LiabilitiesCr
55557397104115140164160150170
Non Current Liabilities
Non Current LiabilitiesCr
233111010711121316
Total Liabilities
Total LiabilitiesCr
347385446541618683755856874903982
Current Assets
Current AssetsCr
219243289372410462518552682720790
Non Current Assets
Non Current AssetsCr
127142158169208221237304191183192
Total Assets
Total AssetsCr
347385446541618683755856874903982

Cash Flow

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
524615-18-18045-5212651-9
Investing Cash Flow
Investing Cash FlowCr
01-2-3-11-1-31-63681620
Financing Cash Flow
Financing Cash FlowCr
-1-1-17-5-5-6-3-4-3-3
Net Cash Flow
Net Cash FlowCr
514713-13-17748-118191648
Free Cash Flow
Free Cash FlowCr
514513-18-157729-5812551
CFO To PAT
CFO To PAT%
135.5118.338.9-36.5-2.1129.0115.1-150.2631.0437.5-459.8
CFO To EBITDA
CFO To EBITDA%
84.568.625.1-20.9-1.387.068.8-85.7362.5291.1-252.1
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
524615-18-18045-5212651-9
Investing Cash Flow
Investing Cash FlowCr
01-2-3-11-1-31-63681620
Financing Cash Flow
Financing Cash FlowCr
-1-1-17-5-5-6-3-4-3-3
Net Cash Flow
Net Cash FlowCr
514713-13-17748-118191648
Free Cash Flow
Free Cash FlowCr
514513-18-157729-5812551
CFO To PAT
CFO To PAT%
135.5118.338.9-36.5-2.1129.0115.1-150.2631.0437.5-459.8
CFO To EBITDA
CFO To EBITDA%
84.568.625.1-20.9-1.387.068.8-85.7362.5291.1-252.1

Ratios

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
19733938622170191414283288208118172
Price To Earnings
Price To Earnings
5.18.79.84.61.43.110.68.214.417.759.017.1
Price To Sales
Price To Sales
0.30.50.60.30.10.20.40.20.20.20.10.2
Price To Book
Price To Book
0.71.11.10.50.10.30.70.40.40.30.10.2
EV To EBITDA
EV To EBITDA
2.13.44.31.2-0.70.13.22.5-1.3-10.8-96.4-31.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
99.499.698.793.398.598.299.795.996.598.2
OPM
OPM%
9.89.98.99.48.59.36.34.82.72.00.40.9
NPM
NPM%
6.15.85.85.45.56.33.82.71.61.30.21.0
ROCE
ROCE%
21.920.716.618.015.716.110.08.85.63.92.02.0
ROE
ROE%
13.312.010.811.29.911.16.45.12.81.60.30.3
ROA
ROA%
11.110.18.89.08.19.15.24.02.31.30.20.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
19733938622170191414283288208118172
Price To Earnings
Price To Earnings
5.18.79.84.61.43.110.68.214.417.759.017.1
Price To Sales
Price To Sales
0.30.50.60.30.10.20.40.20.20.20.10.2
Price To Book
Price To Book
0.71.11.10.50.10.30.70.40.40.30.10.2
EV To EBITDA
EV To EBITDA
2.13.44.31.2-0.70.13.22.5-1.3-10.8-96.4-31.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
99.499.698.793.398.598.299.795.996.598.2
OPM
OPM%
9.89.98.99.48.59.36.34.82.72.00.40.9
NPM
NPM%
6.15.85.85.45.56.33.82.71.61.30.21.0
ROCE
ROCE%
21.920.716.618.015.716.110.08.85.63.92.02.0
ROE
ROE%
13.312.010.811.29.911.16.45.12.81.60.30.3
ROA
ROA%
11.110.18.89.08.19.15.24.02.31.30.20.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Trigyn Technologies is a global IT partner that builds and runs the digital plumbing for governments, United Nations agencies, and large companies - what it calls “critical digital infrastructure” - touching the lives of more than two billion people. Founded in Mumbai in 1986, it spent nearly four decades evolving from an IT staffing firm into a full-service provider, and in the last year it has begun rewiring its entire delivery model around artificial intelligence under a new management team. The recurring thread is a willingness to deploy people and technology into difficult, remote, and highly regulated environments - from UN field missions to US state governments - using a blend of offshore development centres, on-the-ground managed services, and a growing set of reusable AI and cloud toolkits. # Business segments A single engine, but one that powers many different vehicles - IT staffing, managed services, and project-based solutions, all delivered through the same global resource network and offshore centres, now being retooled for an AI-led world. ## 1. Communication and IT staffing support services: the people and platforms that keep governments and global institutions running **Trigyn places skilled technology professionals inside client organisations and runs entire technology operations for them - from a helpdesk agent to a smart-city command centre - with a model that blends staff augmentation, managed services, and fixed-price project delivery.** - **Staffing is the heartbeat** - the company runs a mature, integrated staff-augmentation engine that sources, vets, and places technology professionals across project management, software development, network support, ERP (SAP and Oracle), and user-experience design, using a proprietary Resource Management System that matches opportunities from around the world to the most cost-effective recruiters in the US or Mumbai. In the most recent year, placements of billable resources with US clients grew roughly 30%, even as the overall workforce shrank after a large contract loss. - **Managed services in hard-to-reach places** - beyond supplying people, Trigyn takes full responsibility for running large-scale technology operations across more than 15 countries, often in remote locations with patchy connectivity and limited local infrastructure, meeting strict service-level agreements. This operation has scaled from just over 20 skilled resources in mid-2020 to more than 2,000 by mid-2023, giving the company the muscle to bid for and deliver complex, multi-country engagements. - **An offshore factory in Mumbai** - at its registered office inside the SEEPZ Special Economic Zone, the company operates an Offshore Development Centre that handles custom application development, legacy modernisation, mobile-app building, business-intelligence reporting, independent testing, and 24/7 support. Within this centre, dedicated Centers of Excellence act as reusable-toolkit hubs, originally focused on content management and mobility, and now expanded to cover AI, data engineering, cloud, cybersecurity, and the Internet of Things. - **Projects that become infrastructure** - the company also designs, builds, and operates specific technology systems under fixed-price contracts, including smart-city command centres, virtual classroom networks for state governments, smart parking platforms, and vaccination-management systems. These are not one-off software deliveries; they often involve physical hardware installation, multi-year operations-and-maintenance commitments, and in some cases public-private partnership concessions where the company earns revenue from end-users. - **Paid by the hour, the project, or the box** - revenue comes through three channels: time-and-material billing where the client pays for hours worked, fixed-price contracts where progress is measured by man-hours against a total estimate, and the resale of traded hardware and software where revenue is recognised when ownership transfers. This mix lets the company serve clients who want flexible staffing, turnkey projects, or both. # Group structure and partners **Trigyn is an Indian public company controlled by a telecom holding group, with its operational heart in a US subsidiary that holds the critical government contract vehicles, surrounded by a constellation of small domestic subsidiaries and a three-tiered partnership network that spans the world’s largest cloud platforms and niche AI startups.** - **The US subsidiary is the main engine** - Trigyn Technologies Inc., headquartered in New Jersey with offices across the US East Coast and in Canada, employs senior management including the Executive Vice Chairperson, and holds the two most important government access points: a GSA Schedule 70 contract that allows it to sell IT professional services directly to US federal, state, and local agencies, and a UN staffing-support contract with a ceiling of roughly US$260 million. - **A telecom parent with a 44% stake** - United Telecom Limited has held between 44% and 46% of Trigyn’s shares for years, making Trigyn an associate of UTL and linking it to a broader infrastructure and technology group. - **Eight subsidiaries, some in need of revival** - the group includes four Indian entities incorporated in 2022 (focused on fin-tech, e-governance, education, and healthcare), plus two older Indian subsidiaries with negative net worth that management has been trying to revive or merge, and a Swiss subsidiary now under liquidation. - **Partnerships in three layers** - the company’s technology alliances are organised into global hyperscalers and enterprise platforms (Microsoft, IBM, AWS, SAP, Oracle), emerging AI and generative-AI innovators, and niche domain specialists, giving it a ready catalogue of tools to pull into client engagements without building everything from scratch.

Documents — Trigyn Technologies Ltd

  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/pgtbompxcoaltlora5khgq65.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/37vqtcowbtg4xg6v4r2souvx.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/9xprp5t6ydzo9ub1ykp9uph9.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/bpfvyqm619f3ojnlupnbbp6v.pdf
  • Q1 FY2026 Quarterly Result (Jun 2025, PDF): https://www.stockscans.in/document/liscydiy95m0bk3lrq0y02np.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/3zgojddqobtwvlhme9pvvr9m.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/1ju55qt3kfljtnzkrbbxnc7o.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/lhq2ym99v0amhrc82sgijpxl.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/gc8nlqk4h1usz6ksnaxoqzvg.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/ujya70xa8j36ujbaq0u8xc9v.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/iadzne4fiqbgyjrmv7spf2qu.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/c5pexaegxgrlhchtq4sedrre.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/oppv5d1hilgqtc87ui5y2kwn.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/kv952uhnpb2y3ljx57m2dcib.pdf
  • FY2020 Annual Report (PDF): https://www.stockscans.in/document/zxpsc51xx3annmwqyxo2rieh.pdf