Mobilise App LabShare price, financial results, shareholding and management
- Market cap
- ₹110 cr
- Stock P/E
- 19.6peers 19.2
- Book value
- ₹31.3
- Price to book
- 3.68
- EV / operating profit
- 11.0
- Market cap to sales
- 5.95
- ROCE · FY26
- 40.5%
- ROE · FY26
- 30.3%
- ROE, 3-year average
- 97.8%
- Operating margin · FY26
- 44.6%peers 8.7%
- Sales growth, 3 years
- 38.4%
- Profit growth, 3 years
- 47.0%
- Debt to equity
- 0.00peers 0.00
- Borrowings
- ₹0.1 cr
- Interest cover
- 753.0×
- Cash from business / op. profit
- 241%
- Debtor days
- 84
- Pledged
- 0.00%
- Promoter holding
- 70.68%
- Change in promoter holding
- +0.03 pts
- Shareholders
- 308
- High / low since listing
- ₹126 / ₹45
- 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.
Mobilise App Lab share price chart
Close on 6 Nov 2026 · +0.22% on the day · Vol 14,400
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
- +11.6%
- 3 months
- -0.6%
- 6 months
- +7.4%
- Since IPO
- +44.1%
- Traded a day, 20 days
- ₹0.14 cr
- Taken for delivery
- 91%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +14% | +16% |
| 3 years, a year | +38% | +47% |
About Mobilise App Lab: business, products and customers
Mobilise App Lab makes online software that businesses, hospitals' maintenance contractors and schools rent each month to run their staff records and payroll, look after equipment, order supplies and manage students. Its shares trade on NSE Emerge.
Mobilise began in Faridabad, Haryana as Mobilise App Lab LLP in April 2013, became a private company in July 2023 and a public company in April 2025. It sells four products: HRevO for hiring, staff records and payroll; OpsSuite for tracking and maintaining equipment; SCMPro for buying and paying suppliers; and EduPro for running schools. The software runs on Microsoft Azure, and the company also fits RFID tags, GPS trackers, biometric machines and cameras that feed into it.
OpsSuite is used mostly by service companies that maintain medical equipment in government hospitals under state tenders; the offer document lists about 9.6 lakh biomedical assets managed across states from Bihar to Kerala. In April 2025 Bangalore International Airport gave it an asset tagging order, and EduPro served about 34,000 students in fifteen schools in August 2025.
Read more about the business
Most income is a monthly charge per employee, per asset or site, or per student, with lump sums for larger projects and extra fees for changes, so much of it repeats each year. Part of the cost is devices bought for clients, and some software development is recorded as an asset and written off over time rather than charged at once, which lifts reported margins now and adds to depreciation later.
The offer document names Unicommerce eSolutions and IRIS Business Services as listed software companies in its field and compares its figures with theirs, while noting they may not be direct competitors; it also names Zoho, Keka, Edunext and Version Systems among unlisted rivals.
From the offer document (Red Herring Prospectus, 2026) and the company's exchange announcement of 22 July 2026.
Read the deeper study ↓In its favour
- Sales have grown fast: 38% a year over three years.
- It earns a high return on the money it uses: ROCE 41% in FY26.
- It brings in more cash than it shows as profit: ₹19.8 cr against ₹5.6 cr in FY26.
- It has little debt for its size: debt to equity 0.00.
- The promoters own a large part of the company: 70.68%.
To watch
- Results for the half year to September 2026, the first after hiring paid for by the issue begins (offer document, p.85).
- Whether the largest customer's share keeps falling from the 57.8% reported for the nine months to December 2025 (offer document, p.167).
- Release of the company's guarantee on Ashish Sharma's personal loan (offer document, p.38).
- Independent director terms of one year from May and June 2025, and the appointment of Lokesh Sharma on 22 July 2026 (offer document, p.191; exchange announcement).
- Customers take longer to pay than before: 84 days in FY26, against 12 in FY24.
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.
Mobilise App Lab revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit grew roughly in step with sales.
SME companies report every six months.
Mobilise App Lab half-yearly results
SME companies report every six months · ₹ crore
| H2FY26 | |
|---|---|
| Sales | 9.93 |
| Expenses | 5.58 |
| Operating profit | 4.34 |
| OPM | 43.8% |
| Interest | 0.01 |
| Depreciation | 0.74 |
| Profit before tax | 3.88 |
| Net profit | 2.88 |
Mobilise App Lab profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 6.95 | 12.06 | 16.14 | 18.43 |
| Expenses | 4.65 | 7.66 | 9.34 | 10.21 |
| Operating profit | 2.30 | 4.40 | 6.80 | 8.22 |
| OPM | 33.1% | 36.5% | 42.1% | 44.6% |
| Other income | 0.18 | 0.08 | 0.03 | 0.38 |
| Interest | 0.01 | 0.02 | 0.01 | 0.01 |
| Depreciation | 0.05 | 0.28 | 0.33 | 1.34 |
| Profit before tax | 2.42 | 4.18 | 6.49 | 7.52 |
| Tax rate | 27.3% | 25.8% | 25.7% | 25.7% |
| Net profit | 1.76 | 3.10 | 4.82 | 5.59 |
| EPS ₹ | 17,600 | 31,000 | 24.10 | 9.63 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Earnings per share before FY25 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Mobilise App Lab profitability
Margins and returns on capitalLast year the company kept more 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
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Operating margin | 33.1% | 36.5% | 42.1% | 44.6% |
| Tax rate | 27.3% | 25.8% | 25.7% | 25.7% |
| ROCE | · | 213.7% | 116.2% | 40.5% |
| ROE | · | 173.2% | 89.8% | 30.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Mobilise App Lab 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 more cash than it showed as profit. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Mobilise App Lab balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | · | 0 | 2 | 9.51 |
| Reserves | · | 3.58 | 5.15 | 20.27 |
| Net worth | · | 3.58 | 7.15 | 29.79 |
| Borrowings | · | 0.35 | 0.11 | 0.09 |
| Other liabilities | · | 2.57 | 3.99 | 2.77 |
| Total liabilities | · | 6.50 | 11.25 | 32.65 |
| Fixed assets | · | 2.21 | 3.24 | 7.24 |
| Capital work in progress | · | 0 | 0 | 0.70 |
| Investments | · | 0 | 0.16 | 0.20 |
| Other assets | · | 4.29 | 7.85 | 24.51 |
| Receivables | · | · | · | 4.26 |
| Inventory | · | · | · | 0.04 |
| Cash | · | · | · | 19.38 |
| Trade payables | · | · | · | 0 |
Mobilise App Lab cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | · | 4.54 | 5.68 | 19.79 |
| Cash from investing | · | -2.04 | -3.20 | -5.96 |
| Cash from financing | · | -1.30 | -1.77 | 2.49 |
| Net cash flow | · | 1.20 | 0.71 | 16.32 |
| Capital spending | · | · | · | 5.63 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | · | 12 | 90 | 84 |
| Inventory days | · | · | · | 10 |
| Days payable | · | · | · | 185 |
| Cash conversion cycle | · | 12 | 90 | -91 |
| Working capital days | · | -29 | 17 | 53 |
Mobilise App Lab peers and competitors
Listed SME companies in the same industryBy sales, Mobilise App Lab is number 28 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.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Focus Business Solution | 219 | 251.3 | 24.1 | 0.9 | 6.7% | 0.01 |
| Ace Alpha Tech | 288 | 19.2 | 24 | 15 | 79.0% | 0.00 |
| Quicktouch Technologies | 18 | - | 22.3 | -9.5 | -22.4% | 0.68 |
| Austere Systems | 44 | 8.7 | 22.3 | 5 | 28.2% | 0.00 |
| Yudiz Solutions | 23 | - | 21.8 | -0.2 | -0.8% | 0.00 |
| Logiciel Solutions | 24 | 10.2 | 20.7 | 2.4 | 10.7% | 0.00 |
| Wherrelz IT Solutions | 5 | 23.9 | 19.7 | 0.2 | 1.1% | - |
| Micropro Software Solutions | 26 | - | 18.9 | -1.3 | 4.8% | 0.08 |
| Mobilise App Lab | 110 | 19.6 | 18.4 | 5.6 | 44.6% | 0.00 |
| Naapbooks | 175 | 21.1 | 17.6 | 8.3 | 66.0% | 0.03 |
| Identixweb | 68 | 14.5 | 13.1 | 4.7 | 57.5% | 0.00 |
| Median of the 10 others | 35 | 19.2 | 21.2 | 1.6 | 8.7% | 0.00 |
Mobilise App Lab 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 is about the same.
Mobilise App Lab 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.
| Feb 26 | Mar 26 | |
|---|---|---|
| Promoters | 70.65% | 70.68% |
| Foreign investors (FIIs) | 2.14% | 2.14% |
| Indian institutions (DIIs) | 10.03% | 8.34% |
| HNIs (over ₹2 lakh each) | 2.94% | 6.56% |
| Small holders (up to ₹2 lakh) | 10.68% | 7.96% |
| Companies and others | 3.56% | 4.32% |
| Number of shareholders | 369 | 308 |
The named holders are at 31 March 2026, beside 27 Feb 2026, each under the group the pattern files them in.
Mobilise App Lab study: the business from its own documents
Read from 2 of the company's own documentsMobilise App Lab so far
From the company's own record
- 2 March 2026Listed on NSE Emerge at ₹80
- 31 March 2026Promoters at 70.68%
- 29 May 2026Highest close since listing, ₹120.00
Mobilise App Lab key facts from the filings
Each figure with the document it comes from
- Largest customer
- 57.8% of sales
- Share of revenue from one customer in the nine months to December 2025, down from 75.1% in FY25; the customer is not named.Offer document, p.167
- Top ten customers
- 94.1%
- Share of revenue in the nine months to December 2025; repeat customers gave 83.7%.Offer document, p.44 and p.158
- HR software
- 48.5% of sales
- HRevO's share of revenue in the nine months to December 2025, with OpsSuite 31.7%, SCMPro 12.2% and EduPro 7.5%.Offer document, p.158
- Assets on OpsSuite
- 9,60,734
- Biomedical and healthcare equipment items managed for five clients across thirteen state programmes.Offer document, p.149
- Maharashtra
- 53.6% of sales
- Revenue from one state in the nine months to December 2025, after 68.4% in FY25.Offer document, p.28
Show 5 more facts
- EBITDA margin
- 48.3%
- For the nine months to December 2025, up from 33.2% in FY23 as revenue grew faster than costs.Offer document, p.118
- Guarantee for a promoter
- ₹0.78 cr
- Amount outstanding in December 2025 on a ₹2.5 cr loan taken by Ashish Sharma that the company guarantees.Offer document, p.21 and p.38
- Promoter linked firm
- 98% stake
- The company took a 98% stake in Mobilise IE Firm, a director's proprietorship that supplied it data entry staff, on 19 July 2025.Offer document, p.22, p.157 and p.186
- Certifications
- ISO 9001, ISO 27001, CMMI 3
- Quality and information security certifications, with security audits by a CERT-In empanelled firm as clients require.Offer document, p.159
- Issue money for hiring
- ₹5.5 cr
- For product development staff, beside ₹5.5 cr for IT infrastructure and ₹3.0 cr for marketing, spread from early 2026 to mid 2027.Offer document, p.84 and p.85
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The offer document plans to spend the issue money from January 2026 to June 2027 on hiring product developers, on marketing in India, and on network, computing, security and cloud infrastructure, and to combine its four products into a single platform. On 22 July 2026 the company appointed Lokesh Sharma as an independent director. These are the company's statements, not newboard's.
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.
Mobilise rents out its software every month, so most income repeats, and it keeps a large share of each rupee because the software is already built.
Its weak spot is that one customer pays more than half the bills, and most of the rest comes from a handful of others.
AverageCan it set its own prices?Clients pay monthly charges for software built around their needs, but the company says price often decides who wins the work.
AverageHow strong is it against rivals?It has a niche in tracking hospital equipment for state programmes, but faces large software firms and many small ones.
WatchWho are its customers?Businesses rather than individuals, with one unnamed customer giving well over half of revenue.
StrongDoes it need a lot of money?No. It has few physical assets and has needed little borrowing; the issue money goes mainly to people and computers.
AverageCan it keep finding new work?Existing clients keep buying and add modules, and new names such as an airport have come in, but growth has relied on word of mouth.
AverageDo good and bad years swing a lot?Monthly charges keep income steady, but the work behind the largest client depends on government tenders that can change.
Who runs Mobilise App Lab?
Promoters, directors and officers; tap a name for the background
ASAshish SharmaPromoter and Managing Director · holds 51.51%
Co-founder of Mobilise App Lab LLP, working with it since 2015 and a partner from April 2023; Managing Director for five years from 21 April 2025. Bachelor of Information Systems from Guru Gobind Singh Indraprastha University, PGDM from International Management Institute, New Delhi, and ITIL certified. Began in 2005 at Bharti Cellular (Airtel) and later worked at Infosys, IBM and Bharti Infratel, with over twenty years of experience as the offer document states. Also a director of Mindvolt Systems. Paid ₹0.96 cr in FY25. The offer document lists Smriti Sharma as spouse and Manish Sharma as brother.
Offer document, p.189, p.192 to p.194 and p.208 to p.209SSSmriti SharmaPromoter and Whole Time Director · holds 10.30%
With Mobilise since 2013 as a partner, then non executive director from July 2023 and whole time director for five years from 21 April 2025. B.Com., M.Com. and Ph.D. in Management from Maharshi Dayanand University, Rohtak; earlier an assistant professor at Aggarwal College and DAV Centenary College. Oversees administration and gives inputs on EduPro, with fourteen years of experience as the offer document states.
Offer document, p.190 and p.192MSManish SharmaPromoter and Non Executive Director · holds 7.39%
Director since 17 July 2023. A medical oncologist (MBBS, DNB in General Medicine and in Medical Oncology) who heads oncology at Positron Hospital, Rohtak, after Safdarjung Hospital, Rajiv Gandhi Cancer Institute and Action Cancer Hospital; advises on OpsSuite for healthcare clients.
Offer document, p.190 to p.193RKRakesh KhandujaIndependent Director
Appointed for one year from 29 May 2025. Post Diploma in Electrical Engineering from YMCA Institute of Engineering, Faridabad; Head of Solutions, Government Operations at Nokia Solutions and Networks India from 2000 to 2024.
Offer document, p.191 and p.193PVPrashant Veer SinghIndependent Director
Appointed for one year from 25 June 2025. A retired Major of the Army's Corps of Signals with a Bachelor of Electronics from the University of Poona and an MBA from Amity University; held senior roles at Bharti Airtel, Bharti Infratel and Tata Communications.
Offer document, p.191 to p.193Mobilise App Lab latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- Shareholding, 31 March 2026: promoters 70.65% to 70.68%.
Mobilise App Lab announcements
23 on record, latest first; each opens the filing on the exchange
- 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 ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of 3rd Annual General Meeting held on September 25, 2026PDF ↗
- Copy of Newspaper PublicationOn information regarding 3rd Annual General Meeting of the Company and information on e-voting (Post-Dispatch of AGM Notice)PDF ↗
- Updates'Intimation regarding dispatch of physical letter Containing weblink'PDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 25, 2026PDF ↗
- Copy of Newspaper PublicationOn information regarding 3rd Annual General Meeting (Pre-Dispatch AGM Notice)PDF ↗
- AppointmentOf Mr Lokesh Sharma as Non- Executive Independent Director of the company w.e.f. July 22, 2026PDF ↗
- Outcome of Board MeetingHeld on July 22, 2026PDF ↗
- Reply to Clarification- Financial resultsThe Exchange had sought clarification from Mobilise App Lab Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing ObligatPDF ↗
- Quarterly Compliance Report on Corporate governance - within 21 days from the enMobilise App Lab Limited has informed regarding 'Non-Applicability of Corporate Governance Report under Regulation 27(2) of the SEBI (Listing Obligations and DiPDF ↗
Mobilise App Lab annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
- FY26 ↗read
Mobilise App Lab 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 Mobilise App Lab's data · 8
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 (95,12,000 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.
- !Earnings per share changes basis between FY24 (₹31,000.00) and FY25 (₹24.10) 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, FY23 to FY26.
- iPrices run to the close on 12 Oct 2026, from the exchange's daily figures.
Questions people ask about Mobilise App Lab
What does Mobilise App Lab do?
Mobilise App Lab makes online software that businesses, hospitals' maintenance contractors and schools rent each month to run their staff records and payroll, look after equipment, order supplies and manage students. Its shares trade on NSE Emerge.
What is the share price of Mobilise App Lab?
₹115 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Mobilise App Lab?
₹110 cr at the close on 6 Nov 2026, on 95,12,000 shares.
What is the P/E of Mobilise App Lab?
19.6 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Mobilise App Lab's revenue and profit?
Revenue ₹18 cr and profit after tax ₹6 cr in FY26.
Who are the promoters of Mobilise App Lab?
Ashish Sharma, Smriti Sharma, Manish Sharma; promoters held 70.68% at 31 March 2026.
What was the IPO price of Mobilise App Lab?
₹80 a share; it listed on 2 March 2026.
What is Mobilise App Lab's website?
www.mobilise.co.in
More SME companies like Mobilise App Lab
Other listed SME companies in it - software, the closest in size first, each read from its own documents.
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Every listed SME company in IT - Software → · SME companies listed in 2026 →
Built from 1 offer document, 1 annual report, 23 exchange announcements, 2 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.