Kody TechnolabShare price, financial results, shareholding and management

NSE Emerge · KODYTECHRobots and softwareListed 27 Sept 2023
kodytechnolab.com ↗Live price on NSE ↗ISIN INE0Q7P01013 · Lot 100 shares · ₹1.47 lakh
₹1,474.05
-4.90% on the day
Close · 6 Nov 2026
Valuation
Market cap
₹2,125 cr
Stock P/E
126.8peers 17.1
Book value
₹138
Price to book
10.69
EV / operating profit
87.8
Market cap to sales
26.47
Returns and growth
ROCE · FY26
18.7%
ROE · FY26
12.1%
ROE, 3-year average
22.5%
Operating margin · FY26
29.6%peers 22.8%
Sales growth, 3 years
94.0%
Profit growth, 3 years
77.4%
Safety
Debt to equity
0.04peers 0.01
Borrowings
₹7.8 cr
Interest cover
35.2×
Cash from business / op. profit
48%
Debtor days
192
Pledged
0.00%
Ownership and share
Promoter holding
69.49%
Change in promoter holding
0.00 pts
Shareholders
2,697
52-week high / low
₹1,603 / ₹623
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.

Kody Technolab share price chart

₹1,474.05+116.74% 1 year

Close on 6 Nov 2026 · -4.93% on the day · Vol 13,400

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
-3.9%
3 months
+8.4%
6 months
+91.2%
1 year
+116.7%
Traded a day, 20 days
₹2.46 cr
Taken for delivery
92%

Business growth

Sales and net profit, from the reported results

SalesProfit
FY26 on FY25+12%-7%
3 years, a year+94%+77%
Latest half, H2 FY26+60%+105%

About Kody Technolab: business, products and customers

Kody Technolab is an Ahmedabad software company that now builds its own robots: Odigo, a robot that moves around malls showing advertisements and guiding shoppers, and Medigo, a robot that runs quick health check ups without a doctor. Its shares trade on NSE Emerge.

Kody Technolab began as a builder of software and apps and calls itself a deep tech company in robotics and AI. Its first robot, Odigo, carries screens through malls and hypermarkets, so a media owner can offer moving advertisements that can be targeted by floor, zone and time of day, with reports on how many people saw them. Medigo, launched in March 2026, is a self service health screening robot that the company says can check for more than 65 conditions and give a report in about three minutes.

Its biggest deals run through Falcon Tech Robotics, a UAE joint venture between Kody Technolab and Platinum Group for Businessmen Services. In November 2025 Falcon signed LuLu Group International for 290 Odigo robots across 60 UAE stores on an advertising revenue sharing basis, and Hypermedia, a UAE outdoor advertising company, for 360 robots across 30 malls and the Dubai Expo site. In June 2026 Kody Technolab became the exclusive worldwide maker of the four Medigo robots, with Falcon as distributor and Sccore AI Tech Diagnostic deploying them.

Read more about the business

Because the contracts are signed by the joint venture, and the LuLu deal pays from advertising earned, the filings read do not show how much of each deal reaches Kody Technolab's own sales, or when. The documents read do not split sales between software services and robots, and they name no competing companies, so no peers are given here.

What is new: the company issued convertible warrants at ₹975 a share in February 2026 and has been converting them through 2026, and in August 2026 it ended a planned drone joint venture with Vira Drones of Switzerland, which had never been set up.

From the company's press releases of November 2025 and June 2026, the Medigo product announcement of March 2026, its exchange announcements of 2025 and 2026, and the reported results filed with NSE.

Read the deeper study ↓

In its favour

  • Sales have grown very fast: 94% a year over three years.
  • It has little debt for its size: debt to equity 0.04.
  • The promoters own a large part of the company: 69.49%.

To watch

  • The first Medigo deliveries, which the June 2026 press release said would begin in the first half of FY27.
  • Any report of how many of the 650 Odigo robots agreed with LuLu and Hypermedia have been deployed.
  • Conversion of the remaining warrants issued at ₹975 a share in February 2026.
  • Collection of the money owed by customers at March 2026.
  • Customers take longer to pay than before: 192 days in FY26, against 127 in FY20.

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.

Kody Technolab revenue and profit growth

Half-yearly results · Profit and loss

Sales have grown very fast. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.

Sales and net profit, every year, ₹ crore
SalesNet profit
-250255075100Sales, FY20: 1 ₹ cr1Net profit, FY20: -1 ₹ cr-1FY20Sales, FY21: 2 ₹ cr2Net profit, FY21: 0 ₹ cr0FY21Sales, FY22: 4 ₹ cr4Net profit, FY22: 1 ₹ cr1FY22Sales, FY23: 11 ₹ cr11Net profit, FY23: 3 ₹ cr3FY23Sales, FY24: 22 ₹ cr22Net profit, FY24: 5 ₹ cr5FY24Sales, FY25: 72 ₹ cr72Net profit, FY25: 18 ₹ cr18FY25Sales, FY26: 80.3 ₹ cr80.3Net profit, FY26: 16.8 ₹ cr16.8FY26
The latest halves, ₹ crore
SalesNet profit
-200204060Sales, H1FY23: 2 ₹ cr2Net profit, H1FY23: -1 ₹ cr-1H1FY23Sales, H2FY23: 9 ₹ cr9Net profit, H2FY23: 4 ₹ cr4H2FY23Sales, H1FY24: 6 ₹ cr6Net profit, H1FY24: 1 ₹ cr1H1FY24Sales, H2FY24: 17 ₹ cr17Net profit, H2FY24: 4 ₹ cr4H2FY24Sales, H1FY25: 40 ₹ cr40Net profit, H1FY25: 10 ₹ cr10H1FY25Sales, H2FY25: 31.8 ₹ cr31.8Net profit, H2FY25: 7.4 ₹ cr7.4H2FY25Sales, H1FY26: 33.2 ₹ cr33.2Net profit, H1FY26: 6.7 ₹ cr6.7H1FY26Sales, H2FY26: 50.8 ₹ cr50.8Net profit, H2FY26: 15.2 ₹ cr15.2H2FY26

SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.

Kody Technolab half-yearly results

SME companies report every six months · ₹ crore

₹ crore · growth on the same half a year before
H1FY23H2FY23H1FY24H2FY24H1FY25H2FY25H1FY26H2FY26
Sales296174031.7833.2150.80
Expenses345112620.8123.0733.43
Operating profit-15151410.9610.1417.38
OPM-73.0%58.0%20.0%32.0%35.0%34.5%30.5%34.2%
Interest000000.530.390.39
Depreciation000001.061.111.31
Profit before tax-15161410.338.9121.86
Net profit-1414107.426.6615.20

Kody Technolab profit and loss

Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported

₹ crore
FY20FY21FY22FY23FY24FY25FY26
Sales12411227280.28
Expenses2337164756.48
Operating profit-101472523.81
OPM-35.0%-2.0%18.0%40.0%30.0%35.0%29.6%
Other income0000116.73
Interest0000110.79
Depreciation0000012.70
Exceptional and other items····-1··
Profit before tax-101462427.05
Tax rate-3.0%-8.0%0.0%25.0%16.7%25.0%38.0%
Net profit-101351816.76
EPS ₹···3.143.8513.8211.73
Dividend payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

The years to FY25 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.

A tax rate above 60% or below zero (FY20, FY21) comes from tax charged on a small or negative profit, as reported.

Kody Technolab profitability

Margins and returns on capital

Last year the company kept less from each rupee of sales than the year before. It earns a moderate return on the money it uses.

Operating margin, every year

Per cent of sales kept before interest, depreciation and tax

-40%-20%0%20%40%60%FY20: -35.0%-35.0%FY20FY21: -2.0%-2.0%FY21FY22: 18.0%18.0%FY22FY23: 40.0%40.0%FY23FY24: 30.0%30.0%FY24FY25: 35.0%35.0%FY25FY26: 29.6%29.6%FY26
Per cent
FY20FY21FY22FY23FY24FY25FY26
Operating margin-35.0%-2.0%18.0%40.0%30.0%35.0%29.6%
Tax rate-3.0%-8.0%0.0%25.0%16.7%25.0%38.0%
ROCE·0.0%196.1%66.6%28.6%38.5%18.7%
ROE···199.3%24.4%31.0%12.1%
Dividend payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Kody Technolab debt and cash flow

Balance sheet · Cash flow · Working capital

The company's own money, its net worth, has grown fast. It cut its borrowings last year. Its loans are smaller than its own money. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers pay faster than they did in FY24, which frees up the company's money.

Its own money and its borrowings, ₹ crore
Net worthBorrowings
-1000100200Net worth, FY20: -2 ₹ cr-2Borrowings, FY20: 2 ₹ cr2FY20Net worth, FY21: -2 ₹ cr-2Borrowings, FY21: 2 ₹ cr2FY21Net worth, FY22: -1 ₹ cr-1Borrowings, FY22: 2 ₹ cr2FY22Net worth, FY23: 4 ₹ cr4Borrowings, FY23: 7 ₹ cr7FY23Net worth, FY24: 37 ₹ cr37Borrowings, FY24: 1 ₹ cr1FY24Net worth, FY25: 79 ₹ cr79Borrowings, FY25: 13 ₹ cr13FY25Net worth, FY26: 199 ₹ cr199Borrowings, FY26: 7.8 ₹ cr7.8FY26
Cash from the business against net profit, ₹ crore
Cash from the businessNet profit
-1001020Net profit, FY20: -1 ₹ cr-1FY20Cash from the business, FY21: 0 ₹ cr0Net profit, FY21: 0 ₹ cr0FY21Cash from the business, FY22: 0 ₹ cr0Net profit, FY22: 1 ₹ cr1FY22Cash from the business, FY23: -1 ₹ cr-1Net profit, FY23: 3 ₹ cr3FY23Cash from the business, FY24: -9 ₹ cr-9Net profit, FY24: 5 ₹ cr5FY24Cash from the business, FY25: 10 ₹ cr10Net profit, FY25: 18 ₹ cr18FY25Cash from the business, FY26: 11.4 ₹ cr11.4Net profit, FY26: 16.8 ₹ cr16.8FY26

Bars below the line are cash going out.

Kody Technolab balance sheet

At each 31 March · ₹ crore

₹ crore
FY20FY21FY22FY23FY24FY25FY26
Equity capital0.010.010.01361314.29
Reserves-2-2-113166184.45
Net worth-1.99-1.99-0.9943779198.75
Borrowings22271137.76
Other liabilities0.990.990.99452059.60
Total liabilities1121543112266.11
Fixed assets00066751.82
Capital work in progress00014816
Investments000002836.25
Other assets11283369162.04
Receivables······42.20
Inventory······3.50
Cash······42.86
Trade payables······10.09

Kody Technolab cash flow

₹ crore

₹ crore
FY20FY21FY22FY23FY24FY25FY26
Cash from operations·00-1-91011.39
Cash from investing·00-7-4-51-85.88
Cash from financing·0082137113.15
Net cash flow·0008-438.66
Capital spending·007··55.59

Working capital

Days

Days
FY20FY21FY22FY23FY24FY25FY26
Debtor days127103163218276177192
Inventory days······42
Days payable······121
Cash conversion cycle127103163218276177192
Working capital days-63-602915628962197

Kody Technolab peers and competitors

Listed SME companies in the same industry

By sales, Kody Technolab is number 12 of the 33 listed SME companies in it - software.

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.

CompanyMarket cap ₹ crP/ESales ₹ crProfit ₹ crOp. marginDebt/equity
Sotefin Bharat44926.41171724.0%0.29
S A Tech Software India4722.41122.14.9%0.66
Capitalnumbers Infotech1796.91052624.0%0.00
Fidel Softech24617.810213.816.7%0.77
Trident Techlabs18230.097.26.113.3%0.36
Systango Technologies3169.990.431.937.7%0.00
Kody Technolab2,125126.880.316.829.6%0.04
Delaplex13610.668.912.818.8%0.00
TAC Infosec82336.657.322.553.8%0.01
ENS Enterprises13816.451.48.422.8%-
Trust Fintech627.842.87.922.8%0.00
Median of the 10 others18117.193.813.322.8%0.01

Kody Technolab shareholding pattern

Promoters, FIIs, DIIs, HNIs and small holders

The promoters own more than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders is about the same.

Promoters
69.49%
-3.52 pts since Dec 24
Foreign investors (FIIs)
0.09%
+0.06 pts since Dec 24
Indian institutions (DIIs)
0.16%
+0.15 pts since Dec 24
HNIs (over ₹2 lakh each)
10.35%
+3.05 pts since Dec 24
Small holders (up to ₹2 lakh)
12.77%
-0.69 pts since Dec 24
Companies and others
7.14%
+0.95 pts since Dec 24
Number of shareholders
2,697
2,006 in Dec 24

Kody Technolab 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.

Dec 24Mar 25Sep 25Jan 26Feb 26Mar 26Aug 26Sep 26
Promoters73.01%73.01%73.01%72.99%72.73%72.73%69.49%69.49%
Foreign investors (FIIs)0.03%0.06%0.06%0.10%0.09%0.09%0.15%0.09%
Indian institutions (DIIs)0.01%0.07%0.10%0.11%0.15%0.15%0.17%0.16%
HNIs (over ₹2 lakh each)7.30%6.35%5.32%5.49%6.34%6.48%8.90%10.35%
Small holders (up to ₹2 lakh)13.46%14.67%14.88%14.45%13.27%13.12%12.87%12.77%
Companies and others6.19%5.84%6.63%6.86%7.42%7.43%8.42%7.14%
Number of shareholders2,0062,7783,4303,0732,9872,9382,7712,697

The named holders are at 30 Sept 2026, beside 7 Aug 2026, each under the group the pattern files them in.

Kody Technolab study: the business from its own documents

Read from 4 of the company's own documents

Kody Technolab so far

From the company's own record

  1. 27 Sept 2023Listed on NSE Emerge
  2. 30 Sept 2026Promoters at 69.49%
  3. 8 July 2024Highest close since listing, ₹1,824.89

Kody Technolab key facts from the filings

Each figure with the document it comes from

LuLu robots
290
Odigo robots for 60 LuLu stores in the UAE, 17 malls and 43 hypermarkets, in two phases on an advertising revenue share.Press release, 10 November 2025, p.2
Hypermedia robots
360
Odigo robots for 30 malls managed by Hypermedia, about 12 a mall, and the Dubai Expo site.Press release, 27 November 2025, p.2
Medigo maker
Exclusive worldwide
Kody Technolab alone makes the Medigo robots under a three year agreement with a binding minimum purchase framework.Press release, 22 June 2026, p.2 and p.3
Medigo supply starts
H1 FY27
The half year in which the company said manufacture and supply of Medigo units would begin.Press release, 22 June 2026, p.2
Medigo range
4 robots
Static, Kids, Women and Mobile versions, for clinics, schools, women's health and moving use in public places.Press release, 22 June 2026, p.3 and p.4
Show 5 more facts
Sales in FY26
₹80.3 cr
Up from about ₹72 cr in FY25; profit was ₹16.8 cr against about ₹18 cr a year earlier.Reported results FY26 and FY25 filed with NSE
Money owed by customers
₹42.2 cr
Trade receivables at March 2026, more than half a year's sales waiting to be collected.Reported results FY26 filed with NSE; our arithmetic
Warrant price
₹975
Price per share of the 6,76,900 warrants issued in February 2026; one holder's conversion in October 2026 brought in ₹10.2 cr.Announcement, 12 October 2026, p.1 and p.5
Shares in issue
1,45,56,560
Equity shares after the October 2026 conversion of 1,40,000 warrants.Announcement, 12 October 2026, p.1 and p.2
Drone venture
Ended
The planned joint venture with Vira Drones SA was ended by both sides in August 2026; it was never incorporated.Announcement, 11 August 2026, p.1 and p.2

What the company said, and what happened

The company's own statements, attributed, set against what it later reported; not newboard's estimates

The company says manufacture and supply of Medigo robots will begin in the first half of FY27 under a three year agreement with a binding minimum purchase framework, though it gives no value or unit count. Its joint venture Falcon Tech Robotics agreed in November 2025 to deploy 290 Odigo robots for LuLu in two phases and 360 for Hypermedia; the filings read give no value for either and no later count of robots deployed. The company says ending the Vira Drones venture will have no material effect.

650Odigo robots agreedLuLu and Hypermedia, November 2025
H1 FY27Medigo supply startsJune 2026 press release
3 yearsMedigo agreement termWith a minimum purchase framework

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.

Kody Technolab earns money from software work and, more and more, from robots it designs, sold or placed through its joint venture in the UAE.

Its weak spots are that the big robot deals run through one joint venture, the filings do not show how much of them reaches the company, and much of its sales are still waiting to be collected.

WatchCan it set its own prices?The filings read give no prices, and on the LuLu deal its income depends on advertising the robots earn rather than a fixed price.
The evidence. The LuLu deployment is on an advertising revenue sharing basis; no rupee value is given for the LuLu, Hypermedia or Medigo agreements.Press release, 10 November 2025, p.2; Press release, 22 June 2026, p.2
AverageHow strong is it against rivals?It owns the robot designs and has exclusive rights to make Medigo, but the documents read name no rivals to measure it against.
The evidence. Odigo is described as developed and perfected by Kody Technolab; it is the exclusive worldwide maker of Medigo; the company says its core technology is its own.Press release, 27 November 2025, p.3; Press release, 22 June 2026, p.3; Medigo product announcement, March 2026, p.13
WatchWho are its customers?Every large deal disclosed runs through one party, its own UAE joint venture, which then works with LuLu, Hypermedia and Sccore.
The evidence. Falcon Tech Robotics signed the LuLu and Hypermedia agreements and is the exclusive global distributor of Medigo; no Indian or software customer is named in the documents read.Press release, 10 November 2025, p.2; Press release, 27 November 2025, p.2; Press release, 22 June 2026, p.2
WatchDoes it need a lot of money?Making robots needs plant and stock, and customers take a long time to pay, so the company has been raising money through warrants.
The evidence. Trade receivables were ₹42.2 cr at March 2026 against sales of ₹80.3 cr; warrants at ₹975 a share were issued in February 2026 and partly converted in August and October 2026.Reported results FY26 filed with NSE; Announcement, 12 October 2026, p.1 and p.5
AverageCan it keep finding new work?It has signed large robot agreements and launched a second robot, but none carries a stated value and the drone venture was dropped.
The evidence. 650 Odigo robots agreed in November 2025; a three year Medigo agreement in June 2026; the Vira Drones venture ended in August 2026.Press release, 27 November 2025, p.2; Press release, 22 June 2026, p.2; Announcement, 11 August 2026, p.2
WatchDo good and bad years swing a lot?Its robot business is young and rests on a few large agreements, so sales and profit can move a lot with the timing of each deal.
The evidence. Medigo supply was only due to start in the first half of FY27; FY26 sales rose while profit fell against FY25.Press release, 22 June 2026, p.2; Reported results FY26 filed with NSE

Who runs Kody Technolab?

Promoters, directors and officers; tap a name for the background

MSManav Subhashchandra PatelPromoter and Managing Director · holds 62.95%

Signs the company's press releases and filings as Managing Director (DIN 07409757) and speaks for the company on the LuLu, Hypermedia and Medigo agreements. The documents read for this page do not give education or earlier work.

Press release, 22 June 2026, p.1 and p.4; Press release, 10 November 2025, p.3; Shareholding pattern, September 2026
MKManali Krunal PatelPromoter and Whole-time Director · holds 3.27%

Signs filings as Whole-time Director (DIN 07792457), including the July 2025 reply to the exchange on the FY25 results. The documents read for this page do not give education or earlier work.

Clarification on FY25 results, July 2025, p.2; Announcement, 11 December 2025, p.1; Shareholding pattern, September 2026
PSPooja Sunny PatelPromoter · holds 3.27%

Listed in the promoter group of the shareholding pattern. The documents read for this page give no role in the business or background.

Shareholding pattern, September 2026
UHUtsav Himanshu TrivediCompany Secretary and Compliance Officer

Signs the company's filings as Company Secretary in 2026; the previous company secretary, Preeti Tolani, resigned for personal reasons from 10 December 2025. Neeraj Kumar Srivastava resigned as a non-executive director on 7 October 2025, citing other commitments.

Announcement, 12 October 2026, p.2; Announcement, 11 December 2025, p.1 and p.2; Announcement, 7 October 2025, p.1 and p.3

Kody Technolab latest news and announcements

Announcements · Documents · Corporate actions

What changed recently

Each half-year is set against the same half a year earlier

  • H2 FY26: sales ₹50.8 cr (+60%), net profit ₹15.2 cr (+105%) on H2 FY25.
  • Shareholding, 30 Sept 2026: promoters unchanged at 69.49%.

Kody Technolab annual reports, earnings calls and documents

Every document links to its source; “read” marks those this page is built from

Kody Technolab share split, bonus and dividends

From the corporate actions the company announces on the exchange

  • Bonus issueBONUS 1:1ex-date 6 Dec 2024
Checks we ran on Kody Technolab's data · 10

Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.

  • iThe halves of FY26 are shown standalone and the full year consolidated, as the company files them, so the two need not add up.
  • ✓Balance sheet totals add up for FY25 and FY26.
  • ✓Market cap uses the share count in the latest shareholding pattern (1,44,16,560 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 ₹84.0 cr of sales against ₹80.3 cr for the full year; both are shown as reported.
  • ✓Earnings per share moves in line with profit across the years shown.
  • ✓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 Kody Technolab

What does Kody Technolab do?

Kody Technolab is an Ahmedabad software company that now builds its own robots: Odigo, a robot that moves around malls showing advertisements and guiding shoppers, and Medigo, a robot that runs quick health check ups without a doctor. Its shares trade on NSE Emerge.

What is the share price of Kody Technolab?

₹1,474 at the close on 6 Nov 2026, from the exchange's daily figures.

What is the market cap of Kody Technolab?

₹2,125 cr at the close on 6 Nov 2026, on 1,44,16,560 shares.

What is the P/E of Kody Technolab?

126.8 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).

What are Kody Technolab's revenue and profit?

Revenue ₹80 cr and profit after tax ₹17 cr in FY26.

Who are the promoters of Kody Technolab?

Manav Subhashchandra Patel, Manali Krunal Patel, Pooja Sunny Patel; promoters held 69.49% at 30 Sept 2026.

What is Kody Technolab's website?

kodytechnolab.com

More SME companies like Kody Technolab

Other listed SME companies in it - software, the closest in size first, each read from its own documents.

Every listed SME company in IT - Software → · SME companies listed in 2023 →

Built from 3 press releases, 1 result filing, 117 exchange announcements, 8 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.