Infinity Infoway Ltd
Incorporated in 2008, Infinity Infoway Limited is a leading SaaS company specializing in customized cloud-based ERP (Enterprise Resource Planning) solutions.[1]
- Market Cap ₹ 207 Cr.
- Current Price ₹ 380
- High / Low ₹ 484 / 294
- Stock P/E 32.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 59.9 %
- ROE 48.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 61.1%
Cons
- Company has high debtors of 157 days.
- Working capital days have increased from 81.6 days to 142 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Part of BSE SME IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 5.17 | 10.17 | 13.19 | |
| 3.71 | 5.29 | 7.02 | |
| Operating Profit | 1.46 | 4.88 | 6.17 |
| OPM % | 28.24% | 47.98% | 46.78% |
| 0.17 | 0.24 | 0.29 | |
| Interest | 0.08 | 0.06 | 0.04 |
| Depreciation | 0.33 | 0.40 | 0.78 |
| Profit before tax | 1.22 | 4.66 | 5.64 |
| Tax % | 26.23% | 25.11% | 22.16% |
| 0.91 | 3.48 | 4.38 | |
| EPS in Rs | 910.00 | 3,480.00 | 11.30 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
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| TTM: | 30% |
| Compounded Profit Growth | |
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| TTM: | 26% |
| Stock Price CAGR | |
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| Return on Equity | |
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| 3 Years: | 61% |
| Last Year: | 48% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 3.88 | 3.88 |
| Reserves | 1.73 | 5.20 | 9.17 | 22.45 |
| 0.70 | 0.48 | 0.23 | 0.72 | |
| 1.20 | 2.42 | 1.65 | 1.24 | |
| Total Liabilities | 3.64 | 8.11 | 14.93 | 28.29 |
| 1.06 | 1.34 | 3.11 | 5.65 | |
| CWIP | 0.00 | 0.00 | 0.01 | 0.00 |
| Investments | 0.01 | 0.11 | 0.21 | 0.21 |
| 2.57 | 6.66 | 11.60 | 22.43 | |
| Total Assets | 3.64 | 8.11 | 14.93 | 28.29 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 1.40 | 2.22 | 2.40 | |
| -0.80 | -1.16 | -2.84 | |
| -0.38 | -0.27 | 3.19 | |
| Net Cash Flow | 0.22 | 0.80 | 2.75 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 92.49 | 144.28 | 157.46 |
| Inventory Days | 0.00 | 0.00 | 0.00 |
| Days Payable | |||
| Cash Conversion Cycle | 92.49 | 144.28 | 157.46 |
| Working Capital Days | 24.71 | 77.88 | 142.24 |
| ROCE % | 116.11% | 59.88% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Education ERP Active AMCs Count |
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| Education ERP Software Deployed Count |
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| Employee Attrition Rate Percentage |
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| Geographic Reach (Number of States) Count |
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| Industrial Active AMCs Count |
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| Industrial Software Deployed Count |
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| Number of Personnel Headcount |
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| Students Served Number |
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| Total Exams Conducted (Online/OES) Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
26 Feb - Awarded ₹10.97 Crore five-year AI-based data analytics contract by Knowledge Consortium of Gujarat, agreement dated 25 Feb 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Feb - Education software contract with Barkatullah Vishwavidyalaya: ~₹1.45 Cr/year, 5-year term, signed 02-Feb-2026.
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Disclosure Under Regulation 30 For Grant Of ESOP To The Director Mr. Nikunj Vrajlal Gajera , Wholetime Director
29 Jan - Granted 20,000 ESOPs to Wholetime Director Nikunj Gajera at ₹10, grant date 29-Jan-2026; shareholder approval obtained.
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Disclosure Under Regulation 30 Of SEBI For Appointment Of Secretarial Auditor
29 Jan - Appointed CS Janvi N. Davda as secretarial auditor for FY2025-26 on 29.01.2026.
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Board Meeting Outcome for 1.Financial Results
2. Grant Of Esop
3. Appointment If Secretarial Auditor
29 Jan - Unaudited results quarter ended 31-Dec-2025: Q PAT ₹157.14L; 9M PAT ₹437.27L. Granted 35,825 ESOPs (20,000 to director).
Business Profile[1]
Infinity Infoway Limited is a Software-as-a-Service (SaaS) company primarily engaged in providing customized and integrated Enterprise Resource Planning (ERP) solutions across multiple sectors — mainly education, manufacturing, retail, and construction.
The company also offers Online Examination Systems (OES) and a self-learning digital education platform, Brainzorg. It has successfully deployed its “Campus Management System” ERP in 26 universities across India, with 22 universities under active AMC contracts.[2]