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Trigyn Technologies Ltd

TRIGYN
NSE
60.81
5.01%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Trigyn Technologies Ltd

TRIGYN
NSE
60.81
5.01%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
187Cr
Close
Close Price
60.81
Industry
Industry
IT - Software
PE
Price To Earnings
48.26
PS
Price To Sales
0.19
Revenue
Revenue
964Cr
Rev Gr TTM
Revenue Growth TTM
-2.68%
PAT Gr TTM
PAT Growth TTM
-86.12%
Peer Comparison
How does TRIGYN stack up?
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TRIGYN
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
324323316307334242208207240225242258
Growth YoY
Revenue Growth YoY%
18.613.1-2.3-9.73.1-25.0-34.3-32.6-28.3-7.216.424.8
Expenses
ExpensesCr
316305300323317232203207234227240258
Operating Profit
Operating ProfitCr
81816-171794-16-220
OPM
OPM%
2.55.55.1-5.45.23.92.1-0.32.3-1.00.90.1
Other Income
Other IncomeCr
233234444443
Interest Expense
Interest ExpenseCr
000010002110
Depreciation
DepreciationCr
222221111111
PBT
PBTCr
81917-161812627152
Tax
TaxCr
5766-145145-11
PAT
PATCr
31211-22198013-551
Growth YoY
PAT Growth YoY%
-30.2103.50.5-243.6632.8-37.1-96.7105.6-86.5-160.61,363.9-43.9
NPM
NPM%
0.83.83.4-7.25.73.10.20.61.1-2.02.20.3
EPS
EPS
0.83.93.5-7.26.22.50.10.40.8-1.51.70.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
4936256796858959119851,0411,2731,280898964
Growth
Revenue Growth%
9.126.78.70.830.71.88.25.622.30.6-29.87.4
Expenses
ExpensesCr
4575636126238108338939751,2121,245880959
Operating Profit
Operating ProfitCr
36626761857792656135186
OPM
OPM%
7.49.89.98.99.48.59.36.34.82.72.00.6
Other Income
Other IncomeCr
5211-45336121715
Interest Expense
Interest ExpenseCr
111112332234
Depreciation
DepreciationCr
111112377754
PBT
PBTCr
406266607878895958382614
Tax
TaxCr
16242720302827202418159
PAT
PATCr
24383939485062393520124
Growth
PAT Growth%
-69.756.71.81.122.83.424.1-37.2-11.3-42.4-41.0-66.8
NPM
NPM%
5.06.15.85.85.45.56.33.82.71.61.30.4
EPS
EPS
8.313.013.213.216.016.320.212.711.36.53.81.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
292930303131313131313131
Reserves
ReservesCr
218259295336402473527577650679703731
Current Liabilities
Current LiabilitiesCr
5155557397104115140164160150140
Non Current Liabilities
Non Current LiabilitiesCr
1233111010711121315
Total Liabilities
Total LiabilitiesCr
299347385446541618683755856874903916
Current Assets
Current AssetsCr
172219243289372410462518552682720733
Non Current Assets
Non Current AssetsCr
126127142158169208221237304191183183
Total Assets
Total AssetsCr
299347385446541618683755856874903916

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0524615-18-18045-5212651
Investing Cash Flow
Investing Cash FlowCr
101-2-3-11-1-31-636816
Financing Cash Flow
Financing Cash FlowCr
-2-1-1-17-5-5-6-3-4-3
Net Cash Flow
Net Cash FlowCr
-2514713-13-17748-11819164
Free Cash Flow
Free Cash FlowCr
0514513-18-157729-5812551
CFO To PAT
CFO To PAT%
0.1135.5118.338.9-36.5-2.1129.0115.1-150.2631.0437.5
CFO To EBITDA
CFO To EBITDA%
0.184.568.625.1-20.9-1.387.068.8-85.7362.5291.1

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
10419733938622170191414283288208
Price To Earnings
Price To Earnings
4.25.18.79.84.61.43.110.68.214.417.7
Price To Sales
Price To Sales
0.20.30.50.60.30.10.20.40.20.20.2
Price To Book
Price To Book
0.40.71.11.10.50.10.30.70.40.40.3
EV To EBITDA
EV To EBITDA
2.52.13.44.31.2-0.70.13.22.5-1.3-10.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
99.999.599.798.893.598.598.399.797.398.899.8
OPM
OPM%
7.49.89.98.99.48.59.36.34.82.72.0
NPM
NPM%
5.06.15.85.85.45.56.33.82.71.61.3
ROCE
ROCE%
16.521.920.716.618.015.716.110.08.85.63.9
ROE
ROE%
9.913.312.010.811.29.911.16.45.12.81.6
ROA
ROA%
8.211.110.18.89.08.19.15.24.02.31.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Trigyn Technologies Limited, founded in 1986, is a global IT services and solutions provider delivering end-to-end digital transformation to governments, intergovernmental organizations, Fortune 500 companies, and public sector agencies. The company operates in over 25 countries across North America, Europe, Asia, and Africa, with its U.S. subsidiary headquartered in Edison, New Jersey. Trigyn is publicly listed on India’s National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). As of 2025, Trigyn has transitioned from being a traditional IT staffing and services provider to a strategic, AI-led technology partner focused on scalable innovation, digital government modernization, and enterprise digitalization. --- ### **Strategic Transformation (FY2024–2026)** Trigyn has undergone a significant organizational and strategic transformation in recent years, driven by: - **Loss of a major contract in FY2023–2024**, leading to restructuring efforts and diversification of business mix. - Appointment of a **new senior leadership team** in 2025, including a new CEO, CTO, and Chief Delivery Officer, who are spearheading an AI-first strategy. - A deliberate shift toward **high-value, outcome-based engagements** in AI, cloud modernization, data analytics, cybersecurity, and digital government platforms. Despite an overall year-over-year revenue decline linked to the prior contract loss, the company successfully achieved **~30% growth in placements of billable resources for U.S.-based clients** during FY2024–2025 — a strong signal of improved competitiveness in key markets. --- ### **Core Business Model & Service Offerings** Trigyn operates under a **single reportable segment**: *Communication and Information Technology Staffing Support Services*. However, its offerings have evolved into strategic, vertically integrated solutions: #### **Flagship Services (AI-First Approach)** - **AI-Enhanced Enterprise Digitalization & Process Intelligence**: For workflow automation and real-time decision-making. - **Cloud Services & AI Ops**: AI-driven monitoring, predictive analytics, and cost/performance optimization in multi-cloud environments. - **Data Platforms, Analytics & MLOps**: Helping clients build governed, scalable data ecosystems and deploy machine learning models. - **AI-Powered Smart City & IoT Solutions**: Leveraging computer vision, sensor networks, and edge computing for urban mobility, energy, and citizen services. - **Healthcare & Medicaid Technology Services**: Modernizing public health systems with AI-assisted compliance, claims processing, and predictive analytics. Key player in ACA (Healthcare.gov) and CMS initiatives. - **Security & Risk Management**: AI-powered threat intelligence, automated monitoring, and zero-trust frameworks for evolving cyber threats. --- ### **Technology Partnerships & Ecosystem** Trigyn leverages a **three-tiered partnership model** to enhance scalability and innovation: 1. **Global Hyperscalers & Platform Providers**: Strategic alliances with **Microsoft, AWS, IBM, SAP, and Oracle** for secure, scalable, and enterprise-grade cloud infrastructure and application platforms. 2. **Emerging AI & Generative AI Innovators**: Collaboration with cutting-edge startups and AI labs to integrate capabilities like **NLP, computer vision, and intelligent automation** into client offerings. 3. **Niche Domain Specialists**: Partnerships with specialized vendors to deliver tailored solutions in government, healthcare, public safety, and critical infrastructure. The company also promotes **open-source technologies** where they offer cost efficiency and flexibility, engaging actively with open-source communities. --- ### **Innovation & Delivery Model** Trigyn’s **NextGen Delivery Model** emphasizes agility, automation, AI integration, and customer-centric outcomes: - **Centers of Excellence (CoEs)** established in AI, Data Engineering, Cloud, Cybersecurity, and IoT. - Use of **reusable AI/ML accelerators and modular frameworks** to reduce time-to-value and ensure consistent, scalable deployments. - **Agile and POD-based delivery teams** enabling faster development cycles and enhanced collaboration. - Shift from project-based to **outcome-based engagements**, focused on measurable business impact (e.g., reduced costs, improved compliance, optimized performance). --- ### **Global Delivery & Operations** - Anchored by its **Offshore Development Center (ODC) in Mumbai**, which supports round-the-clock development, testing, maintenance, and managed services. - Delivers via multiple service models: **Staff Augmentation, Managed Services, Offshore Development, and Business Process Outsourcing (BPO)**. - Over **2,500 professionals** deployed globally as of early 2025, with strong presence in the U.S., Canada, Europe, and Asia. - Serves clients in complex and remote environments, including under challenging connectivity conditions. --- ### **Market Positioning & Growth Strategy** #### **Target Markets** - **Digital Government Platforms**: Especially in healthcare IT, Medicaid modernization, public safety, and smart city infrastructure. - **U.S. Public Sector Expansion**: Reinforced by GSA Multiple Award Schedule (MAS) contract (GS-35F-139A), enabling streamlined access to federal, state, and local government opportunities. - **ESG-Driven IT Solutions**: Aligning services with environmental, social, and governance mandates. - **International Organizations & Enterprises**: Including UN agencies, multilateral institutions, and private sector clients. #### **Growth Levers** - Deepening client relationships through transformational outcomes. - Geographic expansion beyond the U.S., targeting emerging markets and ESG-aligned tech projects. - Scaling AI-led innovation via CoEs and reusable technology assets. - Investing in **talent transformation** programs to address shortages in AI, cloud, and cybersecurity. --- ### **Client Base & Certifications** #### **Key Clients Include:** - U.S. federal, state, and local governments (e.g., CMS, State of Maryland, New Jersey, NYC) - Intergovernmental organizations (e.g., UN agencies) - Fortune 500 corporations across finance, pharma, manufacturing, and distribution #### **Certifications & Standards:** - **ISO 9001:2015** – Quality Management - **ISO 27001:2013** – Information Security Management - **ISO 20000-1:2018** – IT Service Management - **ISO 14001:2015** – Environmental Management (as of 2024) - **CMMI Development Maturity Level 5 (V2.0)** – Highest benchmark for process maturity and software development excellence --- ### **Financial & Operational Highlights (FY2024–2025)** - Achieved **~30% YoY growth in U.S. billable resource placements** despite macroeconomic headwinds and contract loss. - Diversified revenue streams and improved business mix: reduced dependency on any single client or service line. - Strengthened **financial foundation and innovation roadmap** for FY2025–2026, with strategic investments expected to fully materialize in the current fiscal period. - Focused reinvestment in AI accelerators, global talent hubs, and digital delivery capabilities.