Trust Fintech Ltd
Incorporated in 1998, Trust Fintech Ltd is in the business of selling software and allied services[1]
- Market Cap ₹ 77.4 Cr.
- Current Price ₹ 32.5
- High / Low ₹ 94.1 / 30.1
- Stock P/E 9.51
- Book Value ₹ 48.2
- Dividend Yield 1.54 %
- ROCE 15.7 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.67 times its book value
Cons
- Earnings include an other income of Rs.4.07 Cr.
- Company has high debtors of 177 days.
- Working capital days have increased from 119 days to 182 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 - Software Software Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 23.37 | 17.49 | 22.53 | 34.73 | 31.26 | 34.86 | |
| 20.48 | 15.54 | 16.74 | 17.02 | 21.47 | 25.00 | |
| Operating Profit | 2.89 | 1.95 | 5.79 | 17.71 | 9.79 | 9.86 |
| OPM % | 12.37% | 11.15% | 25.70% | 50.99% | 31.32% | 28.28% |
| 0.23 | 0.37 | 0.16 | 0.23 | 4.37 | 4.07 | |
| Interest | 0.05 | 0.06 | 0.04 | 0.02 | 0.04 | 0.04 |
| Depreciation | 0.13 | 0.47 | 0.49 | 1.23 | 1.96 | 2.57 |
| Profit before tax | 2.94 | 1.79 | 5.42 | 16.69 | 12.16 | 11.32 |
| Tax % | 25.17% | 25.14% | 25.65% | 25.10% | 25.99% | |
| 2.20 | 1.34 | 4.02 | 12.50 | 9.00 | 8.14 | |
| EPS in Rs | 4.24 | 2.58 | 7.75 | 7.13 | 3.78 | 3.41 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | 13.24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 89% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5.18 | 5.18 | 5.18 | 17.54 | 23.83 | 23.83 |
| Reserves | 8.64 | 9.98 | 22.00 | 27.57 | 86.64 | 90.93 |
| -0.44 | 1.19 | -0.00 | 0.17 | -0.00 | -0.00 | |
| 2.52 | 3.24 | 4.05 | 7.16 | 7.66 | 9.16 | |
| Total Liabilities | 15.90 | 19.59 | 31.23 | 52.44 | 118.13 | 123.92 |
| 1.40 | 1.70 | 10.06 | 12.85 | 16.91 | 37.05 | |
| CWIP | 2.63 | 2.63 | 5.23 | 8.34 | 13.51 | -0.00 |
| Investments | 2.93 | 5.47 | 3.61 | 7.94 | 53.87 | 48.10 |
| 8.94 | 9.79 | 12.33 | 23.31 | 33.84 | 38.77 | |
| Total Assets | 15.90 | 19.59 | 31.23 | 52.44 | 118.13 | 123.92 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 4.84 | 0.16 | 0.77 | 12.68 | -37.76 | |
| -3.74 | -3.11 | 0.62 | -17.09 | -13.04 | |
| 0.55 | 1.58 | -1.52 | 5.62 | 53.12 | |
| Net Cash Flow | 1.66 | -1.36 | -0.14 | 1.21 | 2.32 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 61.85 | 100.17 | 137.54 | 124.96 | 177.25 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 61.85 | 100.17 | 137.54 | 124.96 | 177.25 |
| Working Capital Days | 36.08 | 68.87 | 73.55 | 99.95 | 182.38 |
| ROCE % | 12.45% | 25.09% | 46.12% | 15.67% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtors Turnover Ratio Ratio |
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| Employee Headcount (Total Software Professionals) Number |
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| Global Presence (Countries) Number |
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| Permanent Employees on Rolls Number |
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| Product Development Completion - CBS Customization for NBFCs (India) Percentage |
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| Product Development Completion - CBS for Credit Union South America (Spanish) Percentage |
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| Product Development Completion - Loan Origination for North America Percentage |
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| Product Development Completion - Risk Management using AI Percentage |
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| Product Development Completion - Universal Digital Reconciliation Percentage |
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Documents
Announcements
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Outcome of Board Meeting
27 February 2026 - Board reviewed operations, CSR, budget 2026-27, director evaluations; filed compliances for quarter ended 31 Dec 2025.
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Bagging/Receiving of orders/contracts
17 February 2026 - Received USD 220,000 (approx INR 2 crore) 3-month core-banking development order from FASYL, Nigeria.
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Bagging/Receiving of orders/contracts
17 February 2026 - Received Rs.1,78,50,000 CBS software purchase order from WNSB BANK; 5-year contract (17 Feb 2026).
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Reply to Clarification- Financial results
10 February 2026 - Corrected standalone XBRL for H1 (30 Sep 2025) resubmitted; consolidated unchanged.
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Outcome of Board Meeting
17 January 2026 - Corrected standalone XBRL PAT mismatch for HY ended 30 Sep 2025; revised outcome resubmitted (Board meeting 14 Nov 2025).
Business Overview:[1][2]
TFL is a CMMI Level 5, ISO 9001:2015, and ISO 27001:2013 certified company specializing in software solutions and services. Its offerings cover sectors including banking, ERP implementation, customized software development, SAP B1, and offshore IT services.