Bodhtree Consulting Ltd (BODHTREE)
🎯 Key Takeaways
- Bodhtree Consulting Ltd is a micro-cap IT software services company operating at a significant loss, with negative ROE and ROCE, indicating structural un profitability. The company has consistently reported minimal or no revenue over recent quarters, with financial performance showing persistent operational deficits and deteriorating margins.
- Revenue grew 603% QoQ to ₹2 in Q3FY24.
- ⚠️ Persistent operational losses with no revenue growth trajectory.
📖 The Story
Bodhtree Consulting Ltd is a micro-cap IT software services company operating at a significant loss, with negative ROE and ROCE, indicating structural un profitability. The company has consistently reported minimal or no revenue over recent quarters, with financial performance showing persistent operational deficits and deteriorating margins. It remains in a survival and stabilization phase, with no visible path to profitability evident from current disclosures.
📰 What's Happening
The company has not secured any new material orders or contract wins in the latest filings, with revenue remaining negligible (₹2 crore) in Dec 2023 and Sep 2023. There has been no expansion, acquisition, or strategic partnership announced in recent quarters. Management has not disclosed any new client wins or sector-specific pivots, and operations appear stagnant with no signs of revenue recovery or scale-up in service delivery.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|
| Revenue | 2 | 2 | 0 | 2 |
| Operating Profit | -24 | -1 | -0 | -0 |
| OPM % | -974.6% | -36.9% | -54.5% | -7.8% |
| Net Profit | -25 | -1 | -0 | -1 |
| EPS | ₹-12.52 | ₹-0.45 | ₹-0.03 | ₹-0.32 |
Revenue has remained flat at ₹2 crore over the last three quarters, while operating losses have narrowed slightly from ₹24 lakh (Mar 2023) to ₹1 lakh (Dec 2023), suggesting marginal cost control but no top-line recovery. Net loss improved from ₹25 lakh to ₹1 lakh over the same period, but this is not indicative of sustainable progress. The lack of revenue growth and persistent losses suggest the business model is not currently generating value or scaling effectively.
🔮 Management Outlook & What's Next
There is no forward guidance or strategic outlook provided in the latest filing. Management has not articulated a clear path to revenue growth, margin improvement, or operational turnaround. The absence of any commentary on business recovery, client pipeline, or investment plans suggests either a lack of confidence or silence on future expectations, which raises concerns about forward-looking strategy.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2022 | Mar 2023 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 |
| Reserves | 48 | 48 | 22 | 21 |
| Borrowings | 18 | 13 | 12 | 13 |
| Total Liabilities | 142 | 134 | 117 | 118 |
| Fixed Assets | 1 | 1 | 28 | 1 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 142 | 134 | 117 | 118 |
The balance sheet remains stable with minimal changes in equity and reserves, but borrowings have increased slightly to ₹13 crore from ₹12 crore, indicating modest capital reliance. Total assets have plateaued, with no significant investments or asset growth noted. There is no evidence of aggressive reinvestment or deleveraging; the capital structure appears static, with little movement in financial commitments or liabilities.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2023 |
|---|---|
| Operating | +7 |
| Investing | +0 |
| Financing | +2 |
| Net Cash Flow | +9 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 73.2% | 73.2% | 73.2% | 73.2% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 19.9% | 20.1% | 19.9% | 20.0% |
| # Shareholders | 4,461 | 4,504 | 4,416 | 4,379 |
Promoter holding remains stable at 73.17% with no signs of dilution or sale. FII and DII ownership is extremely low (0% and 0.05% respectively), suggesting limited institutional interest. The shareholder base is fragmented among 4,379 public shareholders, but retail participation is minimal. No activist activity or foreign interest is visible, indicating low market confidence or liquidity.
⚖️ Peer Comparison — IT - Software
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| TCS | 8.56 L Cr | 17.2 | 63.2% | 46.7% | 0.00 |
| INFY | 4.68 L Cr | 15.6 | 44.9% | 32.7% | 0.00 |
| HCLTECH | 3.67 L Cr | 21.0 | 31.6% | 23.2% | 0.00 |
| WIPRO | 1.80 L Cr | 14.4 | 18.1% | 15.1% | 0.19 |
| TECHM | 1.60 L Cr | 28.2 | 24.8% | 17.4% | 0.00 |
| LTM | 1.37 L Cr | 26.1 | 30.5% | 21.6% | 0.00 |
| OFSS | 1.06 L Cr | 30.9 | 60.3% | 43.6% | 0.00 |
| PERSISTENT | 91,416 | 47.0 | 32.7% | 24.5% | 0.00 |
| COFORGE | 87,786 | 40.3 | 25.6% | 20.7% | 0.04 |
| MPHASIS | 47,828 | 25.0 | 22.3% | 17.8% | 0.17 |
⚠️ Risk Factors
1. Persistent operational losses with no revenue growth trajectory. 2. Absence of new orders or client acquisitions, signaling potential business stagnation. 3. Negative profitability metrics (ROE, ROCE) and deteriorating margins despite cost reduction efforts. 4. Lack of management guidance or strategic clarity on future business direction.
📋 Recent Filings
-
🟡 Board Meeting 1 September 2026Bodhtree Consulting issued a corrigendum to its 44th AGM notice dated September 1, 2026, clarifying the specific utilization of ₹3.99 crore raised via...
-
🟡 Board Meeting 1 September 2026Bodhtree Consulting issued a corrigendum to its 44th AGM notice dated September 1, 2026, clarifying the specific utilization of ₹3.99 crore raised via...
🧠 Analyst's Read
Bodhtree Consulting remains a high-risk, micro-cap entity with no visible path to profitability or growth. Investors should monitor for any signs of revenue recovery, new contract wins, or strategic shifts, but current indicators suggest limited upside potential in the near term.
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 2026-09-02.
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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