On 5 Nov 2026, Mahaveer Infoway was priced at ₹8.85, or 11.8× trailing earnings, against an industry P/E of 27.7×, and the shares are 51% below their 52-week high. Sales fell 14% a year over 3 years, with ROCE of 19% and ROE of 15%, though net profit is above operating profit, which points to a one-off gain. It is a small-cap company with a market cap of ₹4.88 Cr, ranked 73rd of 74 Software (Application) companies by market cap; the shares fell 33% over the past year.
- ₹8.85
- ₹8.85
- ₹8.85
- ₹8.85
- 2
Health check
- ReturnsBehind
−32.7% over a year, better than 1 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −14.0% a year over 3 years.
- ProfitabilityAverage
ROCE 19.4% vs peer median 12.6%.
- Balance sheetFair
Piotroski 7 of 9.
- Red flags4 to check
Quarterly profit down 228.2% on a year ago.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹4.88 Cr
- Small cap
- P/E
- 11.8
- Industry 27.7
- Price to book
- 1.07
- Peers 8.24
- Dividend yield
- 0.00%
- ROE
- 14.7%
- Peers 15.3%
- ROCE
- 19.4%
- Peers 12.6%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹0.75
- OPM (TTM)
- −273.9%
- Net margin 22.1%
- Sales growth
- −90.2%
- Latest quarter vs a year ago
- Profit growth
- −228.2%
- Latest quarter vs a year ago
- Price to sales
- 2.62
- EV/EBITDA −9.0
Strengths and risks
Risks to check
- Quarterly profit down 228.2% on a year ago.
- Quarterly sales down 90.2% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 51% below its 52-week high.
About Mahaveer Infoway
Mahaveer Infoway Limited provides technology-oriented solutions in India. The company offers consulting and information technology (IT) services, including software development, product and application testing, packaged software integration, system maintenance, and engineering design services; product development and creation of proprietary software; cloud migration; and custom development. It also provides development services, such as Ms. Net,…
- Headquarters
- Hyderabad
- Employees
- 18
- Sector
- Technology
- ISIN
- INE019D01016
- Website
- mahaveerinfoway.com
Price range
- Avg volume (3M)
- 342
- 1-year return
- minus 32.7%
- From 52-week high
- minus 50.7%
Peers · Software - Application
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TATAELXSITata Elxsi | 3,855.00 | minus 1.66% | 24,019 | 35.8 | 8.24 | 26.2% | 23.9% | 22.7% | 6.1% | −5.9% | 1.95% | minus 27.2% |
| URBANCOUrban Company | 158.12 | minus 0.25% | 23,446 | – | 12.14 | −7.2% | −21.5% | −22.9% | 34.7% | – | 0.00% | plus 6.5% |
| KFINTECHKfin Technologies | 915.80 | minus 1.14% | 15,835 | 45.6 | 9.75 | 18.9% | 22.6% | 38.1% | 22.5% | 20.6% | 1.31% | minus 13.4% |
| KPITTECHKPIT Technologies | 540.45 | plus 0.12% | 14,713 | 27.7 | 3.99 | 21.3% | 15.3% | 26.7% | 24.2% | 18.7% | 1.39% | minus 53.3% |
| BBOXBlack Box | 810.95 | minus 5.36% | 14,402 | 62.2 | 11.18 | 12.6% | 21.3% | 9.0% | 0.2% | 109.3% | 0.12% | plus 56.1% |
| AMAGIAmagi Media Labs | 568.25 | minus 0.04% | 12,293 | 119.9 | 6.74 | 5.0% | 6.3% | 3.9% | 30.3% | – | 0.00% | plus 63.2% |
| BLACKBUCKBLACKBUCK | 557.55 | plus 3.06% | 10,161 | 56.4 | 6.71 | 11.7% | 12.8% | 23.9% | 53.9% | – | 0.00% | minus 17.3% |
| MAHAVEERMahaveer Infoway | 8.85 | 0.00% | 5 | 11.8 | 1.07 | 19.4% | 14.7% | −273.9% | −14.0% | – | 0.00% | minus 32.7% |
| Median of 7 peers | – | −0.25% | 14,713 | 51.0 | 8.24 | 12.6% | 15.3% | 22.7% | 24.2% | 19.7% | 0.12% | −13.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.8 | 0.7 | 0.7 | 0.5 | – | |
| 0.6 | 0.6 | 0.6 | 1 | – | |
| 0.2 | 0.1 | 0.1 | −0.5 | −0.2 | |
| 20.5% | 8.9% | 11.7% | −101.1% | – | |
| 0 | −0 | 0 | 1.2 | 0.1 | |
| 0 | 0 | 0 | −0 | – | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | 0 | 0 | 0.7 | −0.1 | |
| – | – | – | 33.7% | – | |
| 0.1 | 0 | 0 | 0.5 | −0.1 | |
| 0.18 | 0.05 | 0.09 | 0.84 | -0.23 |
Profit & loss
- Sales CAGR 3Y
- −14.0%
- ROE
- 14.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.1 | 5.4 | 2.7 | 2.6 | |
| – | +31.8% | minus 49.6% | minus 4.2% | |
| 3.6 | 6.9 | 2.6 | 2.5 | |
| 0.6 | −1.5 | 0.2 | 0.1 | |
| 13.5% | −28.4% | 6.0% | 3.7% | |
| 0.1 | 1.9 | 0.3 | 0.3 | |
| 0.1 | 0.1 | 0.1 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| −0.7 | −0.5 | −0 | 0.6 | |
| −0.2 | −0.4 | 0.2 | 0.9 | |
| −34.3% | −0.7% | 54.6% | 26.8% | |
| −0.3 | −0.4 | 0.1 | 0.6 | |
| -0.57 | -0.71 | 0.15 | 1.16 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.5 | 5.5 | 5.5 | 5.5 | |
| −1.2 | −1.6 | −1.5 | −0.8 | |
| 1.4 | 1.7 | 3.1 | 1.4 | |
| 3 | 1.8 | 0.2 | 0.5 | |
| 8.7 | 7.4 | 7.4 | 6.5 | |
| 1.2 | 1.3 | 1.2 | 1 | |
| 0.6 | 0.3 | 0.3 | 0.1 | |
| 0.5 | 0 | 0.1 | 0.1 | |
| 6.3 | 5.8 | 5.8 | 5.4 | |
| 8.7 | 7.4 | 7.4 | 6.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.7 | −0.3 | −0.1 | −0.5 | |
| 0.5 | 0.3 | 0.3 | 0.6 | |
| −0.7 | −0.6 | −0.1 | −0 | |
| 0.5 | −0.5 | 0 | 0 | |
| −0.1 | −0.2 | – | – | |
| 0.7 | −0.5 | −0.1 | −0.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.