Alldigi Tech Ltd (ALLDIGI)
🎯 Key Takeaways
- Alldigi Tech Ltd is transitioning from a domestic IT services provider to an internationally focused, AI-driven digital platform company, evidenced by strategic investments in AI platforms like Aeonox and Buzzily 2.0, expansion into new verticals such as Insurance BPO and Healthcare RCM, and a deliberate shift toward higher-margin international revenue.
- Revenue declined 2.8% QoQ to ₹150 in Q1FY27.
- ⚠️ 1) Revenue growth is decelerating sequentially, with Q1 FY27 revenue down from Q4 FY26, raising concerns about sustainability of YoY growth momentum.
📖 The Story
Alldigi Tech Ltd is transitioning from a domestic IT services provider to an internationally focused, AI-driven digital platform company, evidenced by strategic investments in AI platforms like Aeonox and Buzzily 2.0, expansion into new verticals such as Insurance BPO and Healthcare RCM, and a deliberate shift toward higher-margin international revenue. The company is in a growth phase with improving profitability and cash flow, supported by margin expansion and disciplined capital allocation, though it remains in early stages of scaling its new product ecosystem.
📰 What's Happening
In Q1 FY27, Alldigi Tech reported ₹150.3 crores revenue (+4.4% YoY), with EBITDA up 13.1% YoY to ₹41.4 crores and PAT rising 21.7% YoY to ₹18.1 crores, driven by AI-led operational efficiencies and a shift toward higher-margin international business, which now constitutes 68.8% of revenue. EBITDA margin expanded by 210 bps YoY to 27.5%, and the company declared an interim dividend of ₹30 per share. Management highlighted the upcoming India launch of Aeonox SaaS platform by September 2026 and emphasized continued investment in AI-enabled platforms and deeper client engagement in international markets.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 147 | 153 | 155 | 150 |
| Operating Profit | 21 | 31 | 28 | 25 |
| OPM % | 14.4% | 20.6% | 17.9% | 16.8% |
| Net Profit | 18 | 21 | 29 | 18 |
| EPS | ₹11.56 | ₹13.68 | ₹18.95 | ₹11.89 |
Revenue has shown modest YoY growth over the past four quarters, with a sequential dip in Q1 FY27 to ₹150.3 crores from ₹155 crores in Q4 FY26, but YoY growth remains positive. Operating profit margin declined slightly sequentially to 16.8% from 17.9% in the prior quarter, reflecting short-term operational volatility, yet YoY margin expansion to 27.5% EBITDA margin indicates underlying efficiency gains. Net profit and EPS have grown steadily YoY, supporting the 21.7% PAT increase, while operating cash flow of ₹33 crores covered 80.2% of EBITDA, underscoring strong cash conversion. The company is leveraging AI-driven process improvements to scale profitability despite modest revenue headwinds.
🔮 Management Outlook & What's Next
Management expressed confidence in delivering sustainable, profitable growth, citing a healthy pipeline, deeper client engagement, and continued expansion in international and digital opportunities. They specifically highlighted the India launch of Aeonox by September 2026 as a key growth catalyst and emphasized the strategic importance of AI-led platforms in driving margin improvement and revenue mix transformation.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 |
| Reserves | 252 | 244 | 232 | 236 |
| Borrowings | 41 | 63 | 82 | 0 |
| Total Liabilities | 384 | 419 | 413 | 519 |
| Fixed Assets | 57 | 87 | 107 | 208 |
| Investments | 99 | 83 | 85 | 59 |
| Total Assets | 384 | 419 | 413 | 519 |
The balance sheet shows a strong equity base of ₹15 crores with reserves growing to ₹236 crores by March 2026, indicating long-term value accumulation. Borrowings remain minimal at ₹82 crores as of March 2026, down from ₹63 crores a year ago, reflecting a conservative capital structure. Total assets have fluctuated slightly but remain stable around ₹413–519 crores, with no significant capital expenditures or deleveraging signals. The company is not reinvesting aggressively in assets but is returning capital via dividends, suggesting a focus on profitability and shareholder returns over aggressive expansion.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +144 |
| Investing | -15 |
| Financing | -127 |
| Net Cash Flow | +1 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 73.4% | 73.4% | 73.4% | 73.4% |
| FII | 1.9% | 1.5% | 1.4% | 1.0% |
| DII | 1.4% | 1.4% | 1.4% | 1.6% |
| Public | 18.1% | 18.2% | 18.4% | 18.6% |
| # Shareholders | 15,891 | 16,059 | 16,972 | 17,108 |
Promoter holding remains stable at 73.39% over the past year, indicating confidence in long-term prospects. FII ownership has increased slightly from 1.35% in Q4 FY26 to 1.04% in Q1 FY27, though still low in absolute terms, while DII rose from 1.44% to 1.57%, suggesting growing institutional interest. The number of public shareholders has grown from 15,891 to 17,108, indicating retail investor participation. No significant selling by promoters or institutions is evident, and the shareholder base is broadening.
⚖️ 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 |
⚠️ Risk Factors
1) Revenue growth is decelerating sequentially, with Q1 FY27 revenue down from Q4 FY26, raising concerns about sustainability of YoY growth momentum. 2) Margin expansion is partly driven by international mix and AI efficiencies, but the company has not yet proven scalable profitability in new markets or product lines like Aeonox. 3) High reliance on international revenue (68.8%) exposes it to currency and geopolitical risks, with no clear timeline for domestic market recovery. 4) The EXM platform strategy was questioned at the AGM, suggesting potential execution or synergy risks in integrating new AI offerings.
📋 Recent Filings
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🟡 Board Meeting 14 August 2026Alldigi Tech Limited held its 27th AGM on August 12, 2026, approving FY26 audited financials with ₹60 per share dividend, highlighting [amount context...
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🟡 Board Meeting 12 August 2026Alldigi Tech Limited announced voting results from its 27th Annual General Meeting held on August 12, 2026, where all four proposed resolutions were p...
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🟡 Board Meeting 25 July 2026Alldigi Tech Limited announced a change of registered office within Chennai, effective July 25, 2026, moving from Velachery to DLF Cyber City to impro...
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🔴 Financial Results 24 July 2026Alldigi Tech reported Q1 FY27 revenue of **₹150.3 crores**, up 4.4% YoY, with EBITDA at **₹41.4 crores** (+13.1% YoY) and PAT at **₹18.1 crores** (+21...
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🔴 Financial Results 24 July 2026Alldigi Tech Limited reported Q1 FY27 revenue of ₹150.3 crores, down 2.8% QoQ but up 4.4% YoY, with EBITDA rising 13.1% YoY to ₹41.4 crores and PAT in...
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🔴 Corporate Action 24 July 2026Alldigi Tech Limited announced an interim dividend of INR 30 per share for FY2026-27, payable by August 20, 2026, to shareholders on record as of July...
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🔴 Corporate Action 24 July 2026Alldigi Tech Limited announced an interim dividend of INR 30 per share for FY2026-27, payable by August 20, 2026, to shareholders recorded on July 31,...
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🟡 Board Meeting 24 July 2026Alldigi Tech Limited announced the outcome of its Board meeting held on July 24, 2026, approving unaudited standalone and consolidated financial resul...
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🔴 annual report 20 July 2026Alldigi Tech Limited announced that its Annual Report for FY 2025-26 is now accessible via email link and website for shareholders who have not regist...
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Announcement 8 May 2026Alldigi Tech Limited announced that the audio recording of its May 8, 2026 earnings conference call is now available on its investor relations website...
🧠 Analyst's Read
Alldigi Tech is executing a clear strategic shift toward AI-driven international growth, with improving profitability and strong cash flow supporting its dividend policy. However, near-term revenue volatility and unproven scalability of new platforms like Aeonox introduce uncertainty. Investors should monitor the India launch of Aeonox and management’s ability to sustain margin expansion amid competitive IT pricing pressures.
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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