CapitalNumbers Infotech Ltd (544343)

Information Technology · IT - Software · NSE · Updated 13 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹79 ↓ 36.06% (1Y)

🎯 Key Takeaways

CapitalNumbers Infotech Ltd is in a strategic transition phase, shifting from organic growth to inorganic expansion via a proposed acquisition of Epitome Cloud Inc. using IPO proceeds.
⚠️ The success of the Epitome Cloud acquisition hinges on shareholder approval at the AGM, creating execution risk if sentiment turns negative. Integrati

Market Cap

₹193

P/B Ratio

1.23

Debt/Equity

0.00

Div Yield

1.27%

Promoter

75.0%

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📖 The Story

CapitalNumbers Infotech Ltd is in a strategic transition phase, shifting from organic growth to inorganic expansion via a proposed acquisition of Epitome Cloud Inc. using IPO proceeds. The company maintains a debt-free balance sheet and stable promoter holding, but faces near-term share price pressure with a -27.43% one-year return.

📰 What's Happening

The board has proposed reallocating Rs. 1,146.46 Lakhs from IPO issue expenses toward acquiring 100% of Epitome Cloud Inc. for approximately Rs. 40 Crore, pending shareholder approval at the September 29, 2026 AGM. This marks a strategic pivot from capital raising for general corporate purposes to targeted M&A. The reappointment of key auditors and senior managerial personnel reflects continuity in governance as the company prepares for this structural move.

Source: Stock Announcements

🔮 Management Outlook & What's Next

Management has explicitly linked the IPO fund reallocation to the acquisition of Epitome Cloud Inc., stating that the variation in the IPO object will finance this strategic subsidiary purchase. The next critical step is shareholder approval at the AGM on September 29, 2026, after which the acquisition would mark the company’s first major move beyond organic operations.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2026	Mar 2026
Equity Capital	24	24	24
Reserves	132	147	167
Borrowings	0	0	0
Total Liabilities	164	175	193
Fixed Assets	9	9	8
Investments	44	54	81
Total Assets	164	175	193

The balance sheet reflects a conservative capital structure with zero borrowings and growing equity and reserves, suggesting disciplined financial management. The absence of debt and consistent asset growth supports the company’s capacity to undertake strategic investments like the Epitome Cloud acquisition without leverage risk.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+19
Investing	-77
Financing	+64
Net Cash Flow	+6

👥 Shareholding Pattern

Category	Q4FY25	Q2FY26	Q4FY26
Promoters	74.4%	74.7%	75.0%
FII	2.2%	0.7%	0.2%
DII	5.5%	4.6%	3.5%
Public	11.2%	13.1%	15.0%
# Shareholders	4,428	4,540	4,450

Promoter holding remains stable above 74% (74.98% in Q4FY26), indicating no dilution or exit. However, FII and DII stakes have fluctuated, with FII decreasing from 2.23% (Q4FY25) to 0.16% (Q4FY26) and DII rising slightly, suggesting mixed institutional interest. The growing number of public shareholders (4,450 to 4,540) may reflect retail retailization or index inclusion.

⚖️ Peer Comparison — IT - Software

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
TCS	7.97 L Cr	16.0	63.2%	46.7%	0.00
INFY	4.21 L Cr	14.0	44.9%	32.7%	0.00
HCLTECH	3.28 L Cr	18.8	31.6%	23.2%	0.00
WIPRO	1.66 L Cr	13.3	18.1%	15.1%	0.19
TECHM	1.51 L Cr	26.6	24.8%	17.4%	0.00
LTM	1.28 L Cr	24.4	30.5%	21.6%	0.00
OFSS	1.02 L Cr	30.0	60.3%	43.6%	0.00
PERSISTENT	87,353	45.0	32.7%	24.5%	0.00
COFORGE	81,783	37.5	25.6%	20.7%	0.04
MPHASIS	43,788	22.9	22.3%	17.8%	0.17

🔗 Peer Stock Analyses

TCS INFY HCLTECH WIPRO TECHM

⚠️ Risk Factors

The success of the Epitome Cloud acquisition hinges on shareholder approval at the AGM, creating execution risk if sentiment turns negative. Integration risk is heightened given the company’s small size and lack of prior M&A experience. Additionally, the shift from organic to acquisitive growth may not resonate with investors seeking organic scalability in the IT software space.

📋 Recent Filings

🧠 Analyst's Read

CapitalNumbers Infotech is transitioning toward strategic growth via acquisition, supported by a strong balance sheet and promoter stability, but faces execution and market timing risks. Investors should monitor AGM approval status and post-acquisition integration progress as key near-term catalysts.

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 2026-09-13.

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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