Sotefin BharatShare price, financial results, shareholding and management
- Market cap
- ₹420 cr
- Stock P/E
- 24.7peers 20.1
- Book value
- ₹46.3
- Price to book
- 4.99
- EV / operating profit
- -
- Market cap to sales
- 3.59
- ROCE · FY26
- 31.8%
- ROE · FY26
- 24.3%
- ROE, 3-year average
- 24.8%
- Operating margin · FY26
- 24.0%peers 18.3%
- Sales growth, 3 years
- 46.8%
- Profit growth, 3 years
- 62.0%
- Debt to equity
- 0.29peers 0.01
- Borrowings
- ₹24 cr
- Interest cover
- 9.3×
- Cash from business / op. profit
- -25%
- Debtor days
- 235
- Pledged
- 0.00%
- Promoter holding
- 45.70%
- Change in promoter holding
- -
- Shareholders
- 1,824
- 52-week high / low
- ₹314 / ₹197
- 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.
Sotefin Bharat share price chart
Close on 6 Nov 2026 · -1.16% on the day · Vol 19,200
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
- -10.3%
- 3 months
- +13.3%
- Traded a day, 20 days
- ₹0.55 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +24% | +55% |
| 3 years, a year | +47% | +62% |
About Sotefin Bharat: business, products and customers
Sotefin Bharat designs, builds and maintains automated car parking systems, including robotic parking that stacks cars without ramps, mostly for city governments and property developers. Its shares trade on BSE SME.
Sotefin Bharat, a Kolkata company set up in 2012, sells robotic, puzzle, tower and stack parking systems and then maintains them. Robotic parking, built around the SILOMAT robotic dolly that is patented by Sotefin SA of Switzerland and imported from it, was 94% of FY26 revenue. A framework agreement with Sotefin SA governs the supplies and services between the two.
It fabricates the steel structures at a plant in Bagnan, Howrah, bought in December 2024 and making parts since July 2025, with an installed capacity of 4,000 car spaces a year. It has completed more than 55 projects with over 12,000 parking spaces and had 147 employees in March 2026. Most work comes from government tenders, from bodies such as the Mumbai and Delhi municipal corporations, CPWD, MMRDA and NHIDCL, and the rest from private developers; Mumbai projects alone were 83% of FY26 revenue.
Read more about the business
Each project is a contract: the company does the parking scope and hands the civil work to subcontractors, so the share of civil work in a year's projects moves its margins, as it did in FY26. Government tenders need earnest money, security deposits and bank guarantees, and government clients pay slowly, so a large part of each year's sales sits as money owed. Export sales to the US were about a tenth of revenue in FY24 and FY25 but almost nil in FY26.
The offer document names no competitors; it describes a fragmented industry with low entry barriers. The company plans to make the robots in India with money from its IPO, and has signed memoranda with the Government of Karnataka and MMRDA to promote automated parking.
From the red herring prospectus of July 2026 (business, history, management, promoters, restated financial statements, related party transactions and outstanding litigation).
Read the deeper study ↓In its favour
- Sales have grown fast: 47% a year over three years.
- It earns a high return on the money it uses: ROCE 32% in FY26.
- It has little debt for its size: debt to equity 0.29.
To watch
- Execution and collection of the ₹534.4 cr order book, and new orders after FY26 intake of ₹40.3 cr (Red herring prospectus, July 2026, p.195).
- The robot manufacturing facility in Kolkata, to be funded with ₹20.1 cr of IPO money in FY27 (Red herring prospectus, July 2026, p.104 and p.105).
- The criminal revision application by promoter Jignesh Sanghavi pending before the Sessions Court, Mumbai (Red herring prospectus, July 2026, p.338).
- The auditor's notes that the accounting software had no audit trail in FY26 and that quarterly statements to the bank differed from the books (Red herring prospectus, July 2026, p.305).
- Customers take longer to pay than before: 235 days in FY26, against 163 in FY23.
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.
Sotefin Bharat revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
Sotefin Bharat profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 37 | 56 | 94 | 117 |
| Expenses | 30 | 46 | 75 | 88 |
| Operating profit | 8 | 10 | 18 | 28 |
| OPM | 20.0% | 18.0% | 20.0% | 24.0% |
| Other income | 0 | 1 | 0 | 1 |
| Interest | 2 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 2 |
| Exceptional and other items | · | · | · | 1 |
| Profit before tax | 6 | 9 | 16 | 25 |
| Tax rate | 33.3% | 33.3% | 31.2% | 32.0% |
| Net profit | 4 | 6 | 11 | 17 |
| EPS ₹ | 3.64 | 5.68 | 8.91 | 13 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
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.
Sotefin Bharat 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 | 20.0% | 18.0% | 20.0% | 24.0% |
| Tax rate | 33.3% | 33.3% | 31.2% | 32.0% |
| ROCE | · | 25.6% | 31.3% | 31.8% |
| ROE | · | 24.0% | 26.2% | 24.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Sotefin Bharat debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Sotefin Bharat balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 13 |
| Reserves | 21 | 27 | 55 | 71 |
| Net worth | 22 | 28 | 56 | 84 |
| Borrowings | 17 | 19 | 12 | 24 |
| Other liabilities | 7 | 14 | 31 | 21 |
| Total liabilities | 46 | 61 | 99 | 129 |
| Fixed assets | 10 | 10 | 13 | 32 |
| Capital work in progress | 1 | 3 | 12 | 3 |
| Investments | 0 | 0 | 0 | 0 |
| Other assets | 35 | 48 | 74 | 94 |
Sotefin Bharat cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | -4 | 1 | 4 | -7 |
| Cash from investing | -2 | -2 | -13 | -13 |
| Cash from financing | 7 | 0 | 9 | 19 |
| Net cash flow | 1 | -1 | 0 | -1 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | 163 | 239 | 218 | 235 |
| Cash conversion cycle | 163 | 239 | 218 | 235 |
| Working capital days | 98 | 101 | 131 | 158 |
Sotefin Bharat peers and competitors
Listed SME companies in the same industryBy sales, Sotefin Bharat is number 6 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 |
|---|---|---|---|---|---|---|
| Workmates Core2Cloud Solution | 520 | 32.5 | 144 | 16 | 15.0% | 0.00 |
| All E Technologies | 236 | 9.2 | 138 | 25.7 | 17.8% | 0.00 |
| Sotefin Bharat | 420 | 24.7 | 117 | 17 | 24.0% | 0.29 |
| S A Tech Software India | 47 | 22.4 | 112 | 2.1 | 4.9% | 0.66 |
| Capitalnumbers Infotech | 179 | 6.9 | 105 | 26 | 24.0% | 0.00 |
| Fidel Softech | 246 | 17.8 | 102 | 13.8 | 16.7% | 0.77 |
| Trident Techlabs | 182 | 30.0 | 97.2 | 6.1 | 13.3% | 0.36 |
| Systango Technologies | 316 | 9.9 | 90.4 | 31.9 | 37.7% | 0.00 |
| Kody Technolab | 2,192 | 130.8 | 80.3 | 16.8 | 29.7% | 0.04 |
| Delaplex | 136 | 10.6 | 68.9 | 12.8 | 18.8% | 0.00 |
| TAC Infosec | 823 | 36.6 | 57.3 | 22.5 | 53.8% | 0.01 |
| Median of the 10 others | 241 | 20.1 | 99.8 | 16.4 | 18.3% | 0.01 |
Sotefin Bharat shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company. Foreign and Indian funds own a noticeable share.
Sotefin Bharat 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.
| Jul 26 | |
|---|---|
| Promoters | 45.70% |
| Foreign investors (FIIs) | 4.81% |
| Indian institutions (DIIs) | 8.96% |
| Number of shareholders | 1,824 |
Sotefin Bharat study: the business from its own documents
Read from 1 of the company's own documentsSotefin Bharat key facts from the filings
Each figure with the document it comes from
- FY26 revenue
- ₹116.7 cr
- Up from ₹93.8 cr in FY25 and ₹56.3 cr in FY24; profit after tax was ₹17.4 cr.Red herring prospectus, July 2026, p.278
- Order book
- ₹534.4 cr
- Unexecuted orders at March 2026; new orders in FY26 were ₹40.3 cr against ₹214.2 cr in FY25.Red herring prospectus, July 2026, p.195
- Largest customer
- 48.25%
- Share of FY26 revenue from one unnamed customer; the top ten gave 91.77%.Red herring prospectus, July 2026, p.25 and p.29
- Government bodies
- 56.52%
- Share of FY26 revenue from government clients; private developers gave 43.46%.Red herring prospectus, July 2026, p.196
- Robotic parking
- 94.14%
- Share of FY26 revenue, up from 74.88% in FY24 as puzzle parking shrank.Red herring prospectus, July 2026, p.195
Show 4 more facts
- EBITDA margin
- 25.55%
- Up from 19.69% in FY25, as civil and installation costs fell from 37.83% to 24.40% of revenue.Red herring prospectus, July 2026, p.194 and p.321
- Trade receivables
- ₹75.1 cr
- Money owed by customers at March 2026, about 205 days of sales by the company's measure.Red herring prospectus, July 2026, p.131 and p.277
- Cash from operations
- ₹6.9 cr outflow
- FY26, despite ₹17.4 cr of profit, as receivables rose and supplier dues were paid down.Red herring prospectus, July 2026, p.279
- Contingent liabilities
- ₹20.4 cr
- At March 2026, mostly bank guarantees given for performance on projects.Red herring prospectus, July 2026, p.49
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 states an order book of ₹534.4 cr at March 2026, more than four times FY26 revenue. It plans to spend ₹20.1 cr of IPO money on a facility in Kolkata to make about sixty robots a year, which are now imported, and ₹8.2 cr on new office premises, both in FY27, and ₹40 cr on working capital over FY27 and FY28. Under its memorandum with the Government of Karnataka, the company says it proposes to invest about ₹8,500 crore over five years in automated car and bus parking projects on a PPP model.
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.
Sotefin Bharat earns by winning parking projects, mostly from government bodies, building them with Swiss robot technology and maintaining them afterwards.
Its weak spots are dependence on one large customer and one city, and slow payment, which ties up much of its money.
AverageCan it set its own prices?Partly. The patented robotic system sets it apart, but most work is won in tenders where price decides.
AverageHow strong is it against rivals?Access to Sotefin SA's robot technology and a record of completed projects help, but the company calls its industry fragmented with low entry barriers.
WatchWho are its customers?Mostly government bodies, and very few of them: one customer gave nearly half of FY26 sales.
WatchDoes it need a lot of money?Yes. Money owed by customers, deposits and bank guarantees grow with each project, so operating cash flow was negative in FY26 and the IPO sets aside ₹40 cr for working capital.
AverageCan it keep finding new work?The order book is large against yearly sales, but new orders in FY26 were a fraction of the year before.
AverageDo good and bad years swing a lot?Sales have risen each year shown, but they depend on government spending, tender timing and a few large projects, and exports fell away in FY26.
Who runs Sotefin Bharat?
Promoters, directors and officers; tap a name for the background
ACArup ChoudhuriPromoter, Chairman and Managing Director
Attended a Bachelor's course in Civil Engineering at the University of Calcutta (1988) and was earlier a vice president at Simplex Projects; has over 25 years of experience as a structural engineer and leads engineering design and project management. A director since December 2013. Holds 87.85% of the corporate promoter Pisa International and is a director of Paciano Hospitality. Paid ₹51 lakh in FY26, and received ₹1.02 cr in FY26 as advances for reimbursement of expenses. SEBI directed the company to include Aloke Choudhuri, a brother of Arup Choudhuri, in the promoter group after the company had sought an exemption.
Red herring prospectus, July 2026, p.248, p.250, p.264, p.265, p.267 and p.72JPJignesh Pravinchandra SanghaviPromoter and Executive Director
Bachelor's in Civil Engineering from Mangalore University (1990) with further diplomas in management, construction management and real estate; associated with the company since 2017 and runs real estate ventures Krisha Infrasol and Relcon Realty LLP. Held 27,47,085 shares, 20.56% before the IPO. Paid ₹45 lakh in FY26. A criminal complaint filed in 2014 over a land-linked flat allotment led a magistrate to issue process on 20 July 2024 under cheating sections of the Indian Penal Code; a revision application challenging that order is pending before the Sessions Court, Mumbai.
Red herring prospectus, July 2026, p.97, p.248, p.250, p.72 and p.338PIPisa International Private LimitedCorporate promoter
A Kolkata company owned by Arup Choudhuri (87.85%) and Monalisa Ghosh (12.15%). Held 27,47,085 shares, 20.56% before the IPO, and has given corporate guarantees for some of the company's borrowings.
Red herring prospectus, July 2026, p.50, p.97 and p.265MGMonalisa GhoshExecutive Director
Doctorate in Business Administration from the University of Groningen and University of Nijmegen (2012); associated with the company since 2012 and an executive director since May 2025, looking after human resources. A director and shareholder of Pisa International. Paid ₹24.3 lakh in FY26.
Red herring prospectus, July 2026, p.249, p.250, p.265 and p.72JSJaya SenguptaChief Financial Officer
With the company since 3 March 2025; a commerce graduate from Calcutta University with over 25 years of experience in financial management, reporting and compliance.
Red herring prospectus, July 2026, p.261BDBiswajit DasCompany Secretary and Compliance Officer
With the company since 12 May 2025.
Red herring prospectus, July 2026, p.261DSDurga Shanker MishraIndependent Director
B.Tech in Electrical Engineering from IIT Kanpur; around 40 years in the Indian Administrative Service, including Chief Secretary of Uttar Pradesh. On the board since 1 September 2025.
Red herring prospectus, July 2026, p.249 and p.251GPGirraj Prasad GargIndependent Director
Civil engineer with an MBA and a law degree; over 30 years at SEBI, where the roles included Executive Director and Chief General Manager. On the board since 1 September 2025.
Red herring prospectus, July 2026, p.250 and p.251Sotefin Bharat latest news and announcements
Announcements · Documents · Corporate actionsSotefin Bharat announcements
6 on record, latest first; each opens the filing on the exchange
- Insider Trading / SASTClosure of Trading Window for Half Year Ended on 30th September , 2026PDF ↗
- Company UpdateSummary of the proceedings & Voting Result of the 14th AGMPDF ↗
- AGM/EGMSummary of proceedings and voting results of 14th AGMPDF ↗
- AGM/EGMScrutinizer''s Report - 14th Annual General MeetingPDF ↗
- AGM/EGMOutcome of 14th Annual General MeetingPDF ↗
- Company UpdateRegistered Office of the Company has been shifted to 375, Survey Park, A/68, Nandan Kanan, Santoshpur, Kolkata - 700075PDF ↗
Sotefin Bharat annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Sotefin Bharat 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 Sotefin Bharat'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.
- iThe shares traded on only 58 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,81,60,307 shares).
- !The FY26 results imply 1,30,00,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY23 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Sotefin Bharat
What does Sotefin Bharat do?
Sotefin Bharat designs, builds and maintains automated car parking systems, including robotic parking that stacks cars without ramps, mostly for city governments and property developers. Its shares trade on BSE SME.
What is the share price of Sotefin Bharat?
₹231 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Sotefin Bharat?
₹420 cr at the close on 6 Nov 2026, on 1,81,60,307 shares.
What is the P/E of Sotefin Bharat?
24.7 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Sotefin Bharat's revenue and profit?
Revenue ₹117 cr and profit after tax ₹17 cr in FY26.
Who are the promoters of Sotefin Bharat?
Arup Choudhuri, Jignesh Pravinchandra Sanghavi, Pisa International Private Limited; promoters held 45.70% at 31 July 2026.
What is Sotefin Bharat's website?
www.sotefinbharat.com
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Other listed SME companies in it - software, the closest in size first, each read from its own documents.
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Built from 1 offer document, 6 exchange announcements, 1 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.