Infollion Research Services Ltd
Incorporated in 2009, Infollion Research Services Ltd operates in the B2B Human
Cloud segment in India[1]
- Market Cap ₹ 371 Cr.
- Current Price ₹ 383
- High / Low ₹ 575 / 341
- Stock P/E 27.2
- Book Value ₹ 63.4
- Dividend Yield 0.00 %
- ROCE 31.2 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 38.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 13 | 16 | 22 | 34 | 52 | 77 | 93 | |
| 10 | 13 | 18 | 28 | 42 | 63 | 77 | |
| Operating Profit | 3 | 3 | 3 | 5 | 10 | 15 | 16 |
| OPM % | 20% | 17% | 16% | 16% | 20% | 19% | 17% |
| 0 | 0 | 0 | 0 | 2 | 2 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 3 | 4 | 6 | 12 | 16 | 18 |
| Tax % | 20% | 23% | 29% | 26% | 26% | 24% | |
| 2 | 2 | 3 | 4 | 9 | 12 | 14 | |
| EPS in Rs | 1,597.01 | 1,552.24 | 1,902.99 | 5.71 | 8.84 | 12.78 | 14.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 53% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 63% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 27% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 7 | 10 | 10 | 10 |
| Reserves | 5 | 7 | 8 | 5 | 32 | 44 | 52 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 1 | 1 | 2 | 3 | 5 | 8 | 7 | |
| Total Liabilities | 6 | 8 | 10 | 16 | 47 | 62 | 69 |
| 0 | 0 | 0 | 0 | 0 | 0 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| 6 | 8 | 10 | 16 | 46 | 59 | 64 | |
| Total Assets | 6 | 8 | 10 | 16 | 47 | 62 | 69 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 3 | 9 | 6 | |
| 0 | 0 | -0 | -0 | -1 | -2 | |
| 0 | 0 | 0 | 0 | 17 | 0 | |
| Net Cash Flow | 1 | 2 | 1 | 2 | 25 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 105 | 87 | 55 | 64 | 78 | 83 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 105 | 87 | 55 | 64 | 78 | 83 |
| Working Capital Days | 102 | 86 | 82 | 71 | 68 | 77 |
| ROCE % | 45% | 47% | 53% | 40% | 31% |
Documents
Announcements
-
Amendment to AOA/MOA
17 October 2025 - Authorized capital increased from Rs10 crore to Rs50 crore; AGM approval dated September 26, 2025.
-
Analysts/Institutional Investor Meet/Con. Call Updates
17 October 2025 - H1 FY25-26 transcript: revenue Rs52.67Cr (+46%), EBITDA Rs8.67Cr, PAT Rs7.30Cr; call Oct 16, 2025.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
17 October 2025 - Reconciliation of share capital audit for quarter ended Sep 30, 2025; issued capital 9,696,972 shares.
-
Analysts/Institutional Investor Meet/Con. Call Updates
17 October 2025 - Audio/video link of H1 FY2025-26 earnings call posted on company investor website (Oct 17, 2025).
-
Investor Presentation
15 October 2025 - Investor presentation uploaded Oct 15, 2025; FY25 revenue INR 773.03 Mn, EBITDA 18.96%.
Annual reports
Concalls
-
Oct 2025Transcript PPT
-
Apr 2025Transcript PPT REC
-
Mar 2025TranscriptNotesPPT
-
Oct 2024TranscriptPPT
-
May 2024Transcript PPT
-
Nov 2023TranscriptPPT
Business Overview:[1]
Infollion Research Services Ltd. operates as a B2B human cloud platform within the gig economy, serving as a hub for expert professionals and senior management talent. The company leverages its proprietary tech platform and in-house research to connect global clients with vetted subject matter experts, facilitating contingent hiring, SOW-based contracting, and independent consultations.