PS IT Infrastructure & Services Ltd (505502)
🎯 Key Takeaways
- PS IT Infrastructure & Services Ltd is currently in a severe distress phase, undergoing Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Mumbai Bench on April 29, 2026, following a petition by Golden Medows Export Private Limited. The company operates under suspended board powers with a Resolution Professional managing affairs, and its financial performance reflects mounting stress, including a widened net loss and default on borrowings.
- Revenue declined 7.7% QoQ to ₹16 in Q1FY15.
- ⚠️ Ongoing Corporate Insolvency Resolution Process (CIRP) with suspended board powers and NCLT oversight poses existential risk to operations and shareho
- Market Cap
- ₹10
- P/B Ratio
- 0.31
- Debt/Equity
- 0.31
- Promoter
- 1.9%
📖 The Story
PS IT Infrastructure & Services Ltd is currently in a severe distress phase, undergoing Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Mumbai Bench on April 29, 2026, following a petition by Golden Medows Export Private Limited. The company operates under suspended board powers with a Resolution Professional managing affairs, and its financial performance reflects mounting stress, including a widened net loss and default on borrowings.
📰 What's Happening
The company filed its FY 2025-26 Annual Report on August 27, 2026, confirming its admission into CIRP and detailing governance changes, including the re-appointment of Kawarlal K. Ojha as Director and Poonam Shah as Company Secretary. The 44th AGM is scheduled for September 21, 2026, via Video Conferencing. Management has not proposed any dividend, and the report underscores material risks related to insolvency proceedings and default on short-term borrowings of ₹994.47 lakh.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2013 | Mar 2014 | Jun 2014 |
|---|---|---|---|
| Revenue | 66 | 18 | 16 |
| Operating Profit | 66 | 18 | 16 |
| OPM % | 100.1% | 99.4% | 100.1% |
| Net Profit | 1 | -1 | 0 |
| EPS | ₹0.16 | ₹-0.14 | ₹0.05 |
The company's revenue has declined significantly over recent quarters, from ₹66 lakh in Jun 2013 to ₹16 lakh in Jun 2014, with corresponding operating profits collapsing from ₹66 lakh to ₹16 lakh. Despite a brief period of profitability in early 2013, recent quarters show persistent losses, culminating in a net loss of ₹165.66 lakh in FY 2025-26, up from ₹43.14 lakh in the prior fiscal year, indicating deteriorating operational performance and scale contraction.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance beyond operational continuity under CIRP. The only forward-looking statement pertains to the scheduled 44th AGM on September 21, 2026, via Video Conferencing, where shareholders will vote on key governance matters. There is no disclosed recovery plan or timeline for exit from CIRP, and management's communication remains limited to procedural updates rather than strategic revival initiatives.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 54 | 54 | 54 | 54 |
| Reserves | -20 | -20 | -22 | -21 |
| Borrowings | 5 | 3 | 10 | 9 |
| Total Liabilities | 39 | 39 | 43 | 42 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 39 | 39 | 43 | 42 |
The balance sheet shows a precarious financial position with negative reserves (₹-22 crore as of Mar 2026) and minimal equity base of ₹54 crore, while total assets have stagnated around ₹42-43 crore. Borrowings remain low at ₹10 lakh but are accompanied by a default on short-term borrowings of ₹994.47 lakh, suggesting liquidity strain despite low leverage ratios. The lack of reserve growth and asset expansion signals insufficient internal funding and potential capital erosion.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -3 |
| Investing | 0 |
| Financing | 0 |
| Net Cash Flow | -3 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 2.0% | 1.9% | 1.9% | 1.9% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 70.5% | 70.8% | 71.3% | 72.0% |
| # Shareholders | 5,103 | 5,048 | 5,009 | 5,024 |
Promoter holding remains stable at 1.89% over recent quarters, but public shareholding has declined slightly from 71.97% in Q1FY27 to 70.84% in Q3FY26, with the number of shareholders decreasing marginally. Institutional ownership (FII and DII) remains at 0%, indicating no institutional confidence or participation. The lack of investor accumulation and persistent retail dominance suggest limited market interest or trust in the company's recovery prospects.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.13 L Cr | 30.2 | 10.4% | — | 3.82 |
| BAJAJFINSV | 2.80 L Cr | 27.5 | 11.4% | — | 5.50 |
| SHRIRAMFIN | 2.30 L Cr | 17.3 | 11.5% | — | 3.80 |
| ICICIAMC | 1.59 L Cr | 31.8 | 111.5% | — | 0.00 |
| JIOFIN | 1.45 L Cr | 68.4 | 2.3% | — | 0.17 |
| CHOLAFIN | 1.40 L Cr | 24.2 | 9.3% | — | 6.93 |
| TATACAP | 1.39 L Cr | 25.4 | 8.4% | — | 5.28 |
| BAJAJHLDNG | 1.21 L Cr | 13.6 | 12.4% | — | 0.00 |
| MUTHOOTFIN | 1.11 L Cr | 9.8 | 14.4% | — | 3.88 |
| PFC | 1.09 L Cr | 4.2 | 9.8% | — | 7.62 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Ongoing Corporate Insolvency Resolution Process (CIRP) with suspended board powers and NCLT oversight poses existential risk to operations and shareholder value. 2. Widening net losses and declining revenue trend reflect fundamental operational weakness and potential inability to service debts. 3. Default on short-term borrowings of ₹994.47 lakh indicates acute liquidity stress despite low overall leverage. 4. Negative reserves and stagnant asset base suggest capital insufficiency and possible insolvency of equity.
📋 Recent Filings
- Announcement2026-09-29PS IT Infrastructure & Services Ltd announced that its trading window will close on October 1, 2026, following SEBI insider trading rules, preventing …
- 🔴 Corporate Action2026-09-29PS IT Infrastructure & Services Ltd confirmed on September 29, 2026 that it has not issued any non-convertible securities, making Regulation 57(4) SEB…
- 🟡 Board Meeting2026-09-21PS IT Infrastructure & Services held its 44th AGM on September 21, 2026 via video conference, approving audited FY2026 financial statements and reappo…
- 🟡 voting results2026-09-21PS IT Infrastructure & Services Ltd filed the Scrutinizer Report for the 44th Annual General Meeting held on September 21, 2026, confirming voting res…
- 🟡 Board Meeting2026-08-27PS IT Infrastructure & Services Ltd announced a book closure from September 15 to 21, 2026 to facilitate its 43rd Annual General Meeting, complying wi…
- 🔴 annual report2026-08-27PS IT Infrastructure & Services Limited (BSE: 505502) filed its FY 2025-26 Annual Report on August 27, 2026, disclosing that the company is under Corp…
🧠 Analyst's Read
The company is in a critical phase of financial and legal distress with no visible path to recovery or operational revival disclosed. Investors should monitor developments related to the CIRP resolution plan, NCLT decisions, and any attempts at restructuring or capital infusion, as shareholder value is highly vulnerable to outcomes determined by the insolvency court.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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