Infollion Research ServicesShare price, financial results, shareholding and management
- Market cap
- ₹122 cr
- Stock P/E
- 9.6peers 14.7
- Book value
- ₹69.4
- Price to book
- 1.82
- EV / operating profit
- 5.4
- Market cap to sales
- 1.22
- ROCE · FY26
- 28.6%
- ROE · FY26
- 21.0%
- ROE, 3-year average
- 26.7%
- Operating margin · FY26
- 14.7%peers 7.5%
- Sales growth, 3 years
- 43.4%
- Profit growth, 3 years
- 47.1%
- Debt to equity
- 0.00peers 0.17
- Borrowings
- ₹0 cr
- Interest cover
- 39.5×
- Cash from business / op. profit
- 71%
- Debtor days
- 67
- Pledged
- 0.00%
- Promoter holding
- 51.65%
- Change in promoter holding
- -0.06 pts
- Shareholders
- 1,564
- 52-week high / low
- ₹436 / ₹126
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Infollion Research Services share price chart
Close on 6 Nov 2026 · -1.06% on the day · Vol 3,200
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -22.6%
- 3 months
- -21.8%
- 6 months
- -42.5%
- 1 year
- -67.4%
- Traded a day, 20 days
- ₹0.11 cr
- Taken for delivery
- 88%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +30% | +2% |
| 3 years, a year | +43% | +47% |
| Latest half, H2 FY26 | +17% | -17% |
About Infollion Research Services: business, products and customers
Infollion runs an expert network: it finds senior industry people and sets up paid calls, training and short projects between them and consulting firms, investment funds and companies that need their knowledge. It is based in Gurugram and its shares trade on NSE Emerge.
Clients such as management consulting firms, private equity and hedge funds and mid sized companies come to Infollion with a question; its research team finds suitable experts from its vetted network, checks them for conflicts and arranges the call or engagement. Most money comes from these expert calls, with smaller lines in knowledge tours, sit-ins, webinars, temporary senior staff and, since FY26, a training business called Huksa.
The company is a middleman, so revenue is the fee it bills the client and its largest cost is the fee it pays the expert; what is left, the gross margin, was about 41% in FY26. It owns no plant and rents its offices, so it needs little capital, holds cash rather than debt, and grows mainly by adding people in research, sales and new countries.
Read more about the business
Almost all revenue is billed in India, but more than a third of the work now uses experts based outside India, and the company has started selling in the US and the Middle East. It says it is evaluating two to three acquisitions with its cash.
The offer document names its competitors: global expert networks GLG, AlphaSights, Insight Alpha and Guidepoint for expert calls, and staffing firms Randstad, Adecco, TeamLease and Quess for temporary staffing.
From the offer document, the April 2026 investor presentation and results commentary, and the April 2026 earnings call.
Read the deeper study ↓In its favour
- Sales have grown fast: 43% a year over three years.
- It earns a high return on the money it uses: ROCE 29% in FY26.
- It has little debt for its size: debt to equity 0.00.
To watch
- Call volumes after the March 2026 slowdown; the managing director said April 2026 was back only at the same per day level (Earnings call, April 2026, p.5).
- The two to three acquisition targets the company says it has evaluated with its cash (Results commentary, April 2026, p.5).
- US hiring, which the managing director tied to reaching about ₹8 cr to ₹10 cr of US revenue (Earnings call, April 2026, p.9).
- Technology team salaries now being capitalised, which will run through the profit and loss once the platform moves to maintenance (Earnings call, April 2026, p.17; Results commentary, April 2026, p.5).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Infollion Research Services revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Infollion Research Services half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 14 | 20 | 25 | 27 | 35 | 42.11 | 51.09 | 49.23 |
| Expenses | 11 | 17 | 20 | 22 | 28 | 34.60 | 42.42 | 43.17 |
| Operating profit | 3 | 2 | 5 | 5 | 7 | 7.52 | 8.67 | 6.06 |
| OPM | 22.0% | 12.0% | 21.0% | 18.0% | 20.0% | 17.9% | 17.0% | 12.3% |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.20 | 0.22 | 0.22 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 |
| Profit before tax | 3 | 3 | 6 | 6 | 8 | 8.53 | 10.01 | 6.94 |
| Net profit | 2 | 2 | 4 | 4 | 6 | 6.50 | 7.30 | 5.42 |
Infollion Research Services profit and loss
Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 13 | 16 | 22 | 34 | 52 | 77.30 | 100.32 |
| Expenses | 10 | 13 | 18 | 28 | 42 | 62.65 | 85.59 |
| Operating profit | 3 | 3 | 3 | 5 | 10 | 14.66 | 14.73 |
| OPM | 20.0% | 17.0% | 16.0% | 16.0% | 20.0% | 19.0% | 14.7% |
| Other income | 0 | 0 | 0 | 0 | 2 | 2.21 | 2.67 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.39 | 0.44 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.01 |
| Exceptional and other items | · | · | 1 | 1 | · | · | · |
| Profit before tax | 3 | 3 | 4 | 6 | 12 | 16.46 | 16.93 |
| Tax rate | 33.3% | 33.3% | 25.0% | 33.3% | 25.0% | 24.4% | 24.9% |
| Net profit | 2 | 2 | 3 | 4 | 9 | 12.44 | 12.72 |
| EPS ₹ | 1,597 | 1,552 | 1,903 | 5.71 | 8.84 | 12.84 | 13.11 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY24 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Earnings per share before FY23 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Infollion Research Services profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 20.0% | 17.0% | 16.0% | 16.0% | 20.0% | 19.0% | 14.7% |
| Tax rate | 33.3% | 33.3% | 25.0% | 33.3% | 25.0% | 24.4% | 24.9% |
| ROCE | · | 49.9% | 53.3% | 60.0% | 44.4% | 35.1% | 28.6% |
| ROE | · | 33.3% | 39.9% | 40.0% | 33.3% | 25.9% | 21.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Infollion Research Services debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It has almost no borrowings. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Infollion Research Services balance sheet
At each 31 March · ₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Equity capital | 0.01 | 0.01 | 0.01 | 7 | 10 | 9.70 | 9.71 |
| Reserves | 5 | 7 | 8 | 5 | 32 | 44.36 | 57.63 |
| Net worth | 5.01 | 7.01 | 8.01 | 12 | 42 | 54.05 | 67.33 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 0.99 | 0.99 | 1.99 | 4 | 5 | 7.23 | 3.61 |
| Total liabilities | 6 | 8 | 10 | 16 | 47 | 61.28 | 70.94 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.02 |
| Capital work in progress | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 6 | 8 | 10 | 16 | 46 | 59.26 | 65.92 |
| Receivables | · | · | · | · | · | 17.58 | 18.38 |
| Inventory | · | · | · | · | · | 0 | 0 |
| Cash | · | · | · | · | · | 35.47 | 43.48 |
| Trade payables | · | · | · | · | · | 0.27 | 0.79 |
Infollion Research Services cash flow
₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 1 | 2 | 1 | 3 | 9 | 5.62 | 10.51 |
| Cash from investing | 0 | 0 | 0 | 0 | -1 | -1.51 | -2.84 |
| Cash from financing | 0 | 0 | 0 | 0 | 17 | 0.15 | 0.34 |
| Net cash flow | 1 | 2 | 1 | 3 | 25 | 4.26 | 8.01 |
| Capital spending | · | · | · | · | · | 1.51 | 2.90 |
Working capital
Days
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 105 | 87 | 55 | 64 | 78 | 83 | 67 |
| Cash conversion cycle | 105 | 87 | 55 | 64 | 78 | 83 | 67 |
| Working capital days | 102 | 86 | 82 | 71 | 68 | 75 | 61 |
Infollion Research Services peers and competitors
Listed SME companies in the same industryBy sales, Infollion Research Services is number 33 of the 86 listed SME companies in commercial services & supplies.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Cadsys (India) | 36 | - | 117 | -18.5 | -12.6% | 0.21 |
| Shreenath Paper Products | 34 | 11.2 | 115 | 3 | -0.1% | 0.59 |
| Silicon Rental Solutions | 85 | 8.5 | 114 | 10 | 35.0% | 0.05 |
| Sheel Biotech | 121 | 10.3 | 110 | 11.8 | 14.8% | 0.07 |
| Happy Square Outsourcing Services | 40 | 6.7 | 109 | 6 | 6.5% | 0.17 |
| Khfm Hospitality And Facility Management Services | 90 | 25.8 | 107 | 3.5 | 8.6% | 0.52 |
| Anlon Technology Solutions | 571 | 41.1 | 106 | 13.9 | 19.8% | 0.16 |
| Infollion Research Services | 122 | 9.6 | 100 | 12.7 | 14.7% | 0.00 |
| Bombay Metrics Supply Chain | 47 | 28.3 | 92.6 | 1.7 | 3.8% | 0.53 |
| ITCONS E-Solutions | 219 | 41.6 | 87.7 | 5.3 | 6.0% | 0.06 |
| EMA Partners India | 181 | 14.7 | 87.4 | 12.3 | 16.5% | 0.00 |
| Median of the 10 others | 88 | 14.7 | 108 | 5.6 | 7.5% | 0.17 |
Infollion Research Services shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Foreign and Indian funds own a noticeable share. The number of shareholders has grown a lot.
Infollion Research Services shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Jun 23 | Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|
| Promoters | 51.69% | 51.71% | 51.73% | 51.73% | 51.71% | 51.71% | 51.65% |
| Foreign investors (FIIs) | 9.73% | 2.53% | 0.00% | 1.04% | 1.05% | 1.04% | 1.03% |
| Indian institutions (DIIs) | 6.80% | 0.03% | 3.36% | 5.94% | 7.51% | 9.43% | 9.77% |
| HNIs (over ₹2 lakh each) | 17.25% | 21.97% | 20.33% | 15.31% | 15.80% | 14.25% | 14.61% |
| Small holders (up to ₹2 lakh) | 12.88% | 15.19% | 16.61% | 19.98% | 19.44% | 19.19% | 18.56% |
| Companies and others | 1.65% | 8.57% | 7.97% | 6.00% | 4.49% | 4.38% | 4.38% |
| Number of shareholders | 830 | 675 | 1,016 | 1,409 | 1,709 | 1,723 | 1,564 |
The named holders are at 31 March 2026, beside 30 Sept 2025, each under the group the pattern files them in.
Infollion Research Services study: the business from its own documents
Read from 17 of the company's own documentsInfollion Research Services so far
From the company's own record
- 8 June 2023Listed on NSE Emerge
- 31 March 2026Promoters at 51.65%
- 25 April 2025Highest close since listing, ₹500.47
Infollion Research Services key facts from the filings
Each figure with the document it comes from
- Expert calls
- 16,695 → 20,736
- Calls arranged in FY25 and FY26; second half calls were about 9,800 against about 9,000 a year earlier.Investor presentation, April 2026, p.5; Earnings call, April 2026, p.4
- Gross margin
- 44% → 41%
- Fell in FY26 as the company gave free scoping calls to new overseas clients and waived fees on the last calls of large projects.Results commentary, April 2026, p.3
- March slowdown
- 20% to 25% lower
- Drop in volumes in March 2026 against the average of the earlier months of FY26, after client growth softened in the fourth quarter.Results commentary, April 2026, p.3
- Cash and debt
- ₹43.5 cr, no borrowings
- Cash and cash equivalents at March 2026 with nothing borrowed; the company says it has no plan to pay a dividend or repurchase shares and is looking at acquisitions.Investor presentation, April 2026, p.27; Results commentary, April 2026, p.5
- Top ten clients
- 87.76%
- Share of FY23 revenue from the ten largest clients, the last split the documents give; the FY25 annual report still lists dependence on a few clients as a risk.Offer document, p.135 and p.144; Annual report FY25, p.41
Show 5 more facts
- Expert network
- More than 1.2 lakh
- Vetted experts on the platform, against 62,194 at the time of the offer document.Investor presentation, April 2026, p.3; Offer document, p.132
- Overseas billing
- 6.52% of revenue
- Share of FY26 revenue billed to clients outside India, though more than a third of the work now uses experts based abroad.Investor presentation, April 2026, p.23 and p.28
- New lines
- Over ₹1 cr each
- Huksa training, US clients and the Middle East each passed ₹1 cr of yearly revenue in FY26; Huksa added 40 client logos.Investor presentation, April 2026, p.23; Results commentary, April 2026, p.6
- Headcount
- 271
- Staff at the end of FY26 after 71 net additions, mostly in new teams for the US, Middle East, training and technology.Results commentary, April 2026, p.4
- Days to get paid
- 83 → 67 days
- Receivable days fell in FY26 because less revenue was bunched into March than a year earlier; the company says the usual range is about 70 days.Results commentary, April 2026, p.5
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Infollion earns a fee each time it connects a client with the right expert, needs almost no capital and sits on cash with no debt.
Its weak spots are a small number of clients bringing most of the revenue and a business that slows when consulting firms and funds slow.
AverageCan it set its own prices?The managing director says clients care more about the right expert than small price changes, but the company chose to give away calls and waive fees to win and keep clients, and its margin fell.
AverageHow strong is it against rivals?It says it leads the India market, but it faces large global expert networks and clients often use several vendors at once.
WatchWho are its customers?Consulting firms, investment funds and companies, with a handful of them bringing in most of the money.
StrongDoes it need a lot of money?Very little: it rents offices and computers, has no borrowings, and its cash pile grew in FY26.
AverageCan it keep finding new work?Calls and the expert pool keep growing and new lines have started, but client demand softened late in FY26 and the new lines are still small.
AverageDo good and bad years swing a lot?Demand follows how busy consulting firms, private equity and public market funds are, so a slow spell for them shows up quickly in call volumes.
Who runs Infollion Research Services?
Promoters, directors and officers; tap a name for the background
GMGaurav MunjalPromoter and Managing Director · holds 51.60%
Holds a B.Tech and M.Tech in Mechanical Engineering from IIT Bombay under the dual degree programme and has about 15 years of work at the junction of technology and HR in on demand hiring, in India and abroad. A director since the company was formed in 2009, Managing Director for five years from 7 November 2022, and an independent director of E2E Networks. The offer document states that Gaurav Munjal is the husband of Aayara Shaheer.
Offer document, p.157 to 159; Investor presentation, April 2026, p.6ASAayara ShaheerNon Executive Director
A science graduate of Delhi University with a PGDM from T. A. Pai Management Institute, Manipal, and more than 15 years in financial markets at Morgan Stanley, ASK Wealth Advisors and Systematix; Director and Team Head at Sanctum Wealth.
Offer document, p.157; Investor presentation, April 2026, p.6MBMunish BansalNon Executive Director
Holds a B.Tech (Honours) in Electronics and Electrical Communication Engineering from IIT Kharagpur, with more than 22 years in technology; founder and CEO of Simplifii Labs. Joined as an independent director in October 2022 and became a non executive director in February 2024.
Offer document, p.157 to 158; Investor presentation, April 2026, p.6PPPiyush PeshwaniIndependent Director
Holds a B.Tech and M.Tech from IIT Bombay and is co-founder and CEO of OnGrid and eLockr, platforms for background checks and KYC; earlier worked at CA Technologies and ValueMomentum.
Offer document, p.157 to 158; Investor presentation, April 2026, p.6RKRavi KumarIndependent Director
A B.Tech from IIT Bombay and co-founder and CEO of Cubastion Consulting, with more than 17 years in business development and IT consulting. An independent director since February 2024 after serving as a non executive director from 2013 to 2022.
Investor presentation, April 2026, p.6AJAbhishek JhaChief Financial Officer
A chartered accountant with the company since 2021 and CFO since 2022, heading finance and accounts.
Investor presentation, April 2026, p.7Infollion Research Services latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹49.2 cr (+17%), net profit ₹5.4 cr (-17%) on H2 FY25.
- Shareholding, 31 March 2026: promoters 51.71% to 51.65%.
Infollion Research Services announcements
21 on record, latest first; each opens the filing on the exchange
- Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of meetPDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Investor PresentationInvestor PresentationPDF ↗
- Updates'Intimation under Regulation 30 (5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'PDF ↗
- Updates'Intimation under Regulation 30 (5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'PDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 17, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of meetPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 17, 2026PDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of meetPDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 17, 2026PDF ↗
Infollion Research Services annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
- 30 April 2026 ↗read
- 31 Oct 2025 ↗read
- 30 April 2025 ↗read
- 31 Oct 2024 ↗read
- 31 May 2024 ↗read
- 30 Nov 2023 ↗read
- 30 April 2026 ↗read
- 30 April 2026 ↗read
- 31 Oct 2025 ↗read
- 30 April 2025 ↗read
- 31 March 2025 ↗read
- 31 May 2024 ↗read
Infollion Research Services share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Infollion Research Services' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (97,06,759 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY22 (₹1,902.99) and FY23 (₹5.71) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY20 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Infollion Research Services
What does Infollion Research Services do?
Infollion runs an expert network: it finds senior industry people and sets up paid calls, training and short projects between them and consulting firms, investment funds and companies that need their knowledge. It is based in Gurugram and its shares trade on NSE Emerge.
What is the share price of Infollion Research Services?
₹126 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Infollion Research Services?
₹122 cr at the close on 6 Nov 2026, on 97,06,759 shares.
What is the P/E of Infollion Research Services?
9.6 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Infollion Research Services' revenue and profit?
Revenue ₹100 cr and profit after tax ₹13 cr in FY26.
Who are the promoters of Infollion Research Services?
Gaurav Munjal; promoters held 51.65% at 31 March 2026.
What is Infollion Research Services' website?
infollion.com
More SME companies like Infollion Research Services
Other listed SME companies in commercial services & supplies, the closest in size first, each read from its own documents.
- Sheel BiotechSHEEL · NSE Emerge · Commercial Services & Supplies · listed 2025Market cap ₹120 cr
- Khfm Hospitality And Facility Management ServicesKHFM · NSE Emerge · Commercial Services & Supplies · listed 2019Market cap ₹115 cr
- Spectrum Talent ManagementSPECTSTM · NSE Emerge · Commercial Services & Supplies · listed 2023Market cap ₹134 cr
- Propshop Events and ExhibitionsPROPSHOP · NSE Emerge · Commercial Services & Supplies · listed 2026Market cap ₹101 cr
- Diensten TechDTL · NSE Emerge · Commercial Services & Supplies · listed 2024Market cap ₹96 cr
- ANI Integrated ServicesAISL · NSE Emerge · Commercial Services & Supplies · listed 2017Market cap ₹92 cr
Every listed SME company in Commercial Services & Supplies → · SME companies listed in 2023 →
Built from 6 earnings call transcripts, 6 investor presentations, 4 annual reports, 1 offer document, 21 exchange announcements, 7 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.