Compuage Infocom Ltd (COMPINFO)
🎯 Key Takeaways
- Compuage Infocom Ltd is currently in a distressed restructuring phase under the Insolvency and Bankruptcy Code, with ongoing creditor-led resolution efforts and no operational recovery evident in financial performance. The company has not generated profits since FY22, with persistent losses and negative ROCE indicating severe capital erosion.
- Revenue declined 66.7% QoQ to ₹389 in Q4FY23.
- ⚠️ 1) Prolonged insolvency resolution with no clear timeline or resolution plan, risking extended operational freeze. 2) Persistent operating losses and
📖 The Story
Compuage Infocom Ltd is currently in a distressed restructuring phase under the Insolvency and Bankruptcy Code, with ongoing creditor-led resolution efforts and no operational recovery evident in financial performance. The company has not generated profits since FY22, with persistent losses and negative ROCE indicating severe capital erosion. Governance concerns have emerged around fund allocation, as evidenced by the rejection of a proposed NCLT filing for fund distribution.
📰 What's Happening
Management commentary is minimal and largely procedural, centered on the scheduled meetings of the Committee of Creditors (CoC) on 14 May 2026, 24 June 2026, and 12 August 2026. These meetings are critical for advancing the insolvency resolution process under the RP appointed by the CoC. The rejection of a proposal to file an NCLT application for fund distribution in the latest filing raises red flags about transparency in creditor fund handling, suggesting unresolved disputes that could delay restructuring outcomes.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
|---|---|---|---|---|
| Revenue | 942 | 1,242 | 1,167 | 389 |
| Operating Profit | 25 | 32 | 29 | -137 |
| OPM % | 2.6% | 2.6% | 2.5% | -35.3% |
| Net Profit | 6 | 8 | 8 | -137 |
| EPS | ₹0.95 | ₹1.29 | ₹0.99 | ₹-16.02 |
The company's financial trajectory shows a sharp decline from profitability in Dec 2022 (₹8 lakh net profit) to sustained losses starting Jun 2022, with operating margins collapsing from 2.6% to -35.3% by Mar 2023. Revenue has trended downward from ₹1,242 crore in Sep 2022 to ₹389 crore in Mar 2023, while operating losses have widened significantly. This deterioration occurred despite stable borrowing levels, indicating deteriorating operational health rather than temporary cyclicality.
🔮 Management Outlook & What's Next
There is no forward-looking operational guidance or strategic roadmap disclosed in the available filings. Management commentary is limited to procedural updates on the insolvency process, with no mention of revenue revival plans, cost restructuring, or business model transformation. The absence of recovery targets or timelines suggests that resolution efforts are still in early or stalled stages, with no visible path to operational or financial stabilization.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2022 | Mar 2022 | Mar 2023 | Mar 2023 | Mar 2025 |
|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 17 | 17 |
| Reserves | 217 | 235 | 248 | 157 | -313 |
| Borrowings | 514 | 509 | 498 | 476 | 656 |
| Total Liabilities | 1,083 | 1,181 | 1,280 | 1,018 | 692 |
| Fixed Assets | 46 | 49 | 47 | 49 | 44 |
| Investments | 0 | 1 | 1 | 1 | 1 |
| Total Assets | 1,083 | 1,181 | 1,280 | 1,018 | 692 |
The balance sheet reflects a highly leveraged and capital-constrained structure, with total borrowings of ₹656 crore against equity of ₹17 crore and negative reserves of ₹313 crore as of Mar 2025. Total assets have declined from ₹1,280 crore in Mar 2023 to ₹692 crore, signaling asset erosion. The capital structure is unsustainable without resolution, and there is no evidence of deleveraging or strategic asset sales to improve solvency.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +31 |
| Investing | -29 |
| Financing | 0 |
| Net Cash Flow | +2 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 42.6% | 42.6% | 42.6% | 42.6% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 49.9% | 50.2% | 50.4% | 50.4% |
| # Shareholders | 33,458 | 32,812 | 32,379 | 32,062 |
Shareholding patterns remain stable, with promoter holding steady at 42.65% and public shareholder base slightly reducing from 50.41% to 49.94% over four quarters, while FII and DII holdings remain at zero. The lack of institutional interest and absence of new investors suggest limited market confidence. No promoter pledging or sale signals are evident, but the stagnant ownership structure offers no support for recovery, and the company remains largely disconnected from market participation.
⚖️ Peer Comparison — Trading
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ADANIENT | 3.92 L Cr | 44.9 | 10.9% | 9.1% | 1.09 |
| PREMIERENE | 45,372 | 26.9 | 50.0% | 59.3% | 0.67 |
| AEGISLOG | 43,622 | 34.9 | 24.6% | 24.4% | 0.40 |
| REDINGTON | 28,378 | 16.7 | 18.4% | 14.8% | 0.26 |
| HONASA | 15,338 | 61.5 | 28.3% | 21.1% | 0.00 |
| 504346 | 11,409 | — | -24.9% | -47.5% | 0.73 |
| LLOYDSENT | 10,831 | 35.3 | 7.0% | 5.7% | 0.17 |
| SGMART | 10,406 | 83.7 | 11.2% | 7.8% | 0.14 |
| MMTC | 9,321 | 20.9 | 42.4% | 26.3% | 0.00 |
| EBGNG | 7,293 | 51.8 | 31.3% | 62.9% | 1.92 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Prolonged insolvency resolution with no clear timeline or resolution plan, risking extended operational freeze. 2) Persistent operating losses and negative cash flow from operations despite asset base, indicating no path to profitability. 3) Governance concerns around fund distribution and creditor disputes, potentially undermining resolution credibility. 4) Zero institutional or DII interest, reflecting complete market abandonment and liquidity risk.
📋 Recent Filings
-
🟡 voting results 25 August 2026The Committee of Creditors approved renewal of a residential lease agreement and settlement with Appnet Technologies, while rejecting a proposal to fi...
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🔴 Announcement 10 August 2026Compuage Infocom Limited disclosed that the 27th meeting of its Committee of Creditors is scheduled for 12 August 2026 at 4:00 PM to discuss the Corpo...
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🔴 Announcement 22 June 2026Compuage Infocom Limited disclosed that the 26th meeting of its Committee of Creditors is scheduled for Wednesday, 24 June 2026 at 3:00 PM, convened u...
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🔴 Announcement 12 May 2026Compuage Infocom Limited disclosed that the 25th meeting of its Committee of Creditors will be held on Thursday, 14 May 2026 at 4:00 PM, as required u...
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🟡 voting results 10 April 2026The Committee of Creditors approved the appointment of Advocate Sunil D'Souza and law firms Anchorstone Legal, Conventus Technologies, Nigama Computec...
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share transfer 10 April 2026Compuage Infocom Limited, under insolvency resolution, received a SEBI Regulation 74(5) confirmation certificate from its share transfer agent MUFG In...
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🟡 Board Meeting 26 March 2026Compuage Infocom held its adjourned 26th AGM on March 24, 2026, under Corporate Insolvency Resolution Process (CIRP). Two ordinary resolutions passed ...
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🟡 Board Meeting 24 March 2026Compuage Infocom's **26th AGM was held on March 24, 2026**, after being adjourned from March 17 due to lack of quorum. The company remains under **Cor...
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🟡 Board Meeting 24 March 2026Compuage Infocom's 26th AGM was held on **March 24, 2026** after initial adjournment due to quorum failure. The company, under **Corporate Insolvency ...
🧠 Analyst's Read
The company is in a critical and unresolved distress phase with no visible catalysts for recovery. Investors should monitor the outcome of the upcoming CoC meetings for any resolution plan or asset sale initiative, but expect continued volatility and potential write-off of equity value. The lack of operational or financial guidance limits near-term upside.
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 2026-09-03.
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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