3i Infotech financials and balance sheet

NSE: 3IINFOLTDBSE: 532628IT - SoftwareSmall Cap

₹20.23₹0.96 (4.53%)BSE ₹20.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹21.19.

52-week range of traded prices to 23 Oct 2026

₹12.68Low, 9 Mar 2026₹27.80High, 12 Aug 2026

Delivery only: shares bought must be paid for in full, with no selling on the same day.
Next results date: the board meets on 29 Oct 2026 to consider: financial results and other business matters.

Market cap: ₹420 Cr2,089th largest listed
P/E: 12.2
P/B: 1.1
Dividend yield: Nonein the last 12 months
ROE: 10.0%
ROCE: −6.8%
Debt to equity: 0.13
Volume, NSE: 3,08,747

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.3i Infotech annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 2 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹609 Cr, differs from its quarters added, ₹913 Cr; the company reports a discontinued business.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue693
Employee costs−482
Other expenses−229
Operating profit−18
Depreciation−20
Other income+90
One-off items−3.4
Finance costs−4.0
Profit before tax45
Tax−10
Net profit35

What the company owns

Plant, investments and other assets₹476 Cr
Receivables₹108 Cr
Cash and bank₹78 Cr

What pays for it: net worth and liabilities

Net worth₹378 Cr
Other liabilities₹133 Cr
Owed to suppliers₹104 Cr
Borrowings₹48 Cr

3i Infotech business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.3i Infotech segment results by quarter

Revenue by segment

₹693 CrTotal

AAA₹493 Cr71.1% of total
IS₹135 Cr19.4% of total
BPS₹64 Cr9.2% of total
OTHERS₹1 Cr0.2% of total

Profit by segment

AAA₹51.9 Cr68.3% of total
IS₹14.6 Cr19.1% of total
BPS₹9.6 Cr12.6% of total

Segment results by year

Consolidated, ₹ crore, years to March.

AAA
Revenue, ₹ crore
521
483
493
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
32
64
52
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
IS
Revenue, ₹ crore
151
135
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
16
15
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
BPS
Revenue, ₹ crore
89
92
64
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
8
16
10
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
OTHERS
Revenue, ₹ crore
21
1
1
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
7
−25
−9
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	1,122	1,141	609	677	729	814	726	693
Company revenue, as in its results	1,122	1,141	609	677	729	814	726	693
Revenue	–	–	–	–	521	–	483	493
Revenue growth	–	–	–	–	–	–	–	2.1%
Profit	–	–	–	–	32	–	64	52
Profit growth	–	–	–	–	–	–	–	−18.4%
Margin	–	–	–	–	6.2%	–	13.2%	10.5%
Revenue	–	–	–	–	–	–	151	135
Revenue growth	–	–	–	–	–	–	–	−10.6%
Profit	–	–	–	–	–	–	16	15
Profit growth	–	–	–	–	–	–	–	−6.8%
Margin	–	–	–	–	–	–	10.4%	10.8%
Revenue	–	–	–	–	89	–	92	64
Revenue growth	–	–	–	–	–	–	–	−30.1%
Profit	–	–	–	–	8	–	16	10
Profit growth	–	–	–	–	–	–	–	−39.7%
Margin	–	–	–	–	9.0%	–	17.4%	15.0%
Revenue	–	–	–	–	21	–	1	1
Profit	–	–	–	–	7	–	−25	−9
Margin	–	–	–	–	33.3%	–	−4,111.7%	−645.2%
Revenue	–	–	–	–	–	338	–	–
Profit	–	–	–	–	–	17	–	–
Margin	–	–	–	–	–	5.1%	–	–
Revenue	–	–	–	–	–	248	–	–
Profit	–	–	–	–	–	37	–	–
Margin	–	–	–	–	–	14.9%	–	–
Revenue	–	–	–	–	–	228	–	–
Profit	–	–	–	–	–	−14	–	–
Margin	–	–	–	–	–	−6.0%	–	–
Revenue	–	–	–	–	98	–	–	–
Profit	–	–	–	–	−1	–	–	–
Margin	–	–	–	–	−1.1%	–	–	–
Revenue	1,067	1,084	556	608	–	–	–	–
Revenue growth	–	1.5%	−48.7%	9.4%	–	–	–	–
Profit	277	302	80	62	–	–	–	–
Profit growth	–	8.9%	−73.5%	−23.2%	–	–	–	–
Margin	26.0%	27.8%	14.4%	10.1%	–	–	–	–
Revenue	54	58	53	69	–	–	–	–
Revenue growth	–	5.9%	−8.7%	31.0%	–	–	–	–
Profit	16	13	9	−4	–	–	–	–
Profit growth	–	−16.4%	−27.5%	–	–	–	–	–
Margin	28.4%	22.5%	17.8%	−5.4%	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.3i Infotech quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 8 May	Mar 2020Filed 16 Jun	Mar 2021Filed 3 Jun	Mar 2022Filed 10 May	Mar 2023Filed 15 May	Mar 2024Filed 18 Jul	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
Revenue from operations	1,004	991	1,122	1,141	609	677	729	814	726	693
	847	835	972	963	644	699	696	827	695	711
Materials and goods bought	–	–	0	0	0	0	0	0	0	0
Employee costs	–	–	604	658	496	540	558	577	532	482
Other expenses	–	–	368	305	147	160	139	250	162	229
Operating profit before depreciation	157	156	150	178	−35	−22	33	−13	31	−18
Operating margin	15.6%	15.7%	13.3%	15.6%	−5.7%	−3.3%	4.5%	−1.6%	4.3%	−2.6%
Materials, % of revenue	–	–	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Employee costs, % of revenue	–	–	53.9%	57.7%	81.6%	79.7%	76.5%	70.9%	73.4%	69.6%
Other expenses, % of revenue	–	–	32.8%	26.7%	24.2%	23.6%	19.0%	30.8%	22.3%	33.0%
Depreciation and amortisation	14	9	2	19	15	14	23	27	28	20
Operating profit after depreciation	143	147	147	159	−50	−37	10	−41	3	−38
Other income	19	18	21	20	24	14	9	3	16	90
Finance costs	93	51	45	47	38	8	9	10	8	4
Profit before one-off items and tax	69	114	124	132	−65	−31	9	−47	12	49
One-off items	33	−34	−45	−50	346	−23	−5	−237	0	−3
Profit before tax	103	79	79	81	281	−54	4	−284	12	45
	9	8	11	13	23	3	3	14	−14	10
Current tax	–	–	11	13	23	3	2	13	−14	10
Deferred tax	–	–	0	0	0	0	1	1	0	0
Profit from discontinued businesses	–	–	–	–	133	–	–	–	–	–
	94	71	68	68	391	−57	1	−298	25	35
Belonging to the company's shareholders	94	71	67	68	391	−57	1	−298	25	35
Belonging to outside owners of subsidiaries	–	–	1	0	0	0	0	0	–	0
Other comprehensive income	–	–	2	3	−4	−8	−65	−51	−13	−29
Total comprehensive income	–	–	70	71	387	−65	−63	−349	12	6
Net margin	9.4%	7.2%	6.1%	6.0%	–	−8.5%	0.2%	−36.6%	3.5%	5.1%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Net margin is left blank for the year to Mar 2021: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 8 May	Mar 2020Filed 16 Jun	Mar 2021Filed 3 Jun	Mar 2022Filed 10 May	Mar 2023Filed 15 May	Mar 2024Filed 18 Jul	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
	328	391	753	704	643	293	307	378
	323	391	753	704	643	293	307	381
Share capital	1,617	1,617	1,617	168	168	169	170	207
Reserves	−1,293	−1,225	−864	536	474	124	137	174
Belonging to outside owners of subsidiaries	4	0	0	–	0	0	0	−3
	845	766	516	54	38	42	39	48
Repayable after a year	814	766	516	54	0	0	7	7
Repayable within a year	32	0	0	0	38	42	32	41
	330	309	159	133	263	318	222	246
Trade payables	104	51	55	31	71	93	69	104
Other financial liabilities	73	145	55	68	88	117	79	30
Other liabilities	103	97	34	15	46	49	35	42
Provisions	4	2	2	5	6	6	6	8
Tax owed	14	14	14	14	14	12	0	22
	834	829	557	123	66	52	44	38
Other financial liabilities	0	43	0	51	46	28	16	9
Other liabilities	0	0	25	0	0	0	0	–
Provisions	20	20	16	18	20	25	21	22
Liabilities going with businesses held for sale	–	–	16	0	–	–	–	–
	1,492	1,529	1,486	960	972	664	573	662
Held for sale or for a demerger	–	–	91	2	–	–	–	–
	963	1,010	507	558	625	329	311	384
Plant in use, after depreciation	141	139	54	53	175	153	2	4
Intangible assets	230	231	0	0	0	21	20	15
Goodwill	435	435	304	304	304	71	71	79
Intangible assets being developed	0	0	0	8	42	6	1	–
Property held to earn rent	0	0	0	0	0	0	132	121
Investments	0	0	0	0	2	2	2	0
Other financial assets	9	11	137	171	17	10	11	34
Deferred tax	128	136	2	2	2	1	18	19
Other assets	20	58	10	19	84	65	53	112
	528	519	888	400	347	335	262	279
Inventories	1	0	0	0	0	0	0	0
Trade receivables	244	192	88	94	122	157	102	108
Cash and cash equivalents	101	90	676	128	61	50	55	20
Other bank balances	4	1	15	9	6	5	5	58
Loans given	0	0	0	0	0	0	0	0
Other financial assets	154	208	72	85	94	72	63	73
Tax paid in advance	0	0	0	0	0	9	17	0
Other assets	24	29	37	86	64	42	21	20
Net debt	741	675	−174	−82	−29	−13	−20	−30

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 3 Jun	Mar 2022Filed 10 May	Mar 2023Filed 15 May	Mar 2024Filed 18 Jul	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
	79	−50	80	51	44	−44
	63	−45	53	61	54	−9
	10	−50	82	69	11	−37
Receivables	118	−19	−25	−41	54	−6
Payables	−19	−24	40	22	−24	34
Other working capital	−89	−7	67	88	−19	−64
Tax paid	16	−5	27	−10	−10	−34
Capital spending	0	3	75	1	0	1
Free cash flow	79	−53	5	51	44	−45
	803	−4	−106	14	1	−32
Plant and property sold	0	0	0	2	4	0
Interest received	0	6	3	2	1	2
Dividends received	0	0	0	0	0	0
	−296	−494	−41	−25	−26	60
Borrowings raised	0	0	0	0	0	8
Borrowings repaid	−259	−475	−16	0	−3	0
Interest paid	0	−14	−2	−4	−3	−1
Lease payments	−14	−6	−20	0	−21	−10
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	3	0	64
Net change in cash	586	−548	−67	40	19	−15

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 8 May	Mar 2020Filed 16 Jun	Mar 2021Filed 3 Jun	Mar 2022Filed 10 May	Mar 2023Filed 15 May	Mar 2024Filed 18 Jul	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
	–	–	–	–	–	−₹3.44	₹0.08	−₹17.69	₹1.50	₹1.83
As stated that year	₹0.77	₹0.44	₹0.42	₹0.42	₹2.42	−₹3.44	₹0.08	−₹17.69	₹1.50	₹1.83
	–	–	–	–	–	−₹3.44	₹0.08	−₹17.69	₹1.49	₹1.82
As stated that year	₹0.77	₹0.44	₹0.42	₹0.42	₹2.42	−₹3.44	₹0.08	−₹17.69	₹1.49	₹1.82
	–	–	–	–	–	₹41.90	₹38.16	₹17.34	₹18.09	₹18.38
On that year's share count	–	–	₹2.00	₹2.42	₹4.66	₹41.90	₹38.16	₹17.34	₹18.09	₹18.38
Shareholder yield	–	–	–	–	0.0%	0.0%	0.0%	−0.4%	−0.1%	−22.5%
Market cap at the year end (₹ crore)	529	671	622	210	1,204	848	462	667	359	285

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Consolidated, years to March.3i Infotech PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 8 May	Mar 2020Filed 16 Jun	Mar 2021Filed 3 Jun	Mar 2022Filed 10 May	Mar 2023Filed 15 May	Mar 2024Filed 18 Jul	Mar 2025Filed 12 Jun	Mar 2026Filed 8 May
Revenue growth	–	−1.3%	13.2%	1.7%	–	11.2%	7.7%	11.6%	−10.8%	−4.5%
Operating profit growth	–	−0.7%	−4.0%	19.3%	–	–	–	–	–	–
Net profit growth	–	−24.4%	−4.2%	−0.2%	–	–	–	–	–	38.5%
Earnings per share growth	–	–	–	–	–	–	–	–	–	22.0%
	–	–	20.8%	18.9%	68.4%	−7.9%	0.2%	−63.7%	8.4%	10.3%
	–	–	–	−1.9 pts	49.4 pts	−76.3 pts	8.1 pts	−63.9 pts	72.2 pts	1.9 pts
From the net margin	–	–	–	−0.2 pts	–	–	8.1 pts	−39.9 pts	69.8 pts	3.9 pts
From asset turnover	–	–	–	0.1 pts	–	–	0.1 pts	−12.6 pts	1.1 pts	−0.5 pts
From borrowing	–	–	–	−1.7 pts	–	–	0.0 pts	−11.4 pts	1.3 pts	−1.5 pts
Return on capital employed	–	–	12.6%	13.8%	−4.0%	−4.8%	1.5%	−12.1%	1.0%	−8.9%
Cash conversion	–	–	–	–	20.2%	–	5,843.1%	–	174.4%	−124.1%
Interest cover	1.5	2.9	3.3	3.4	–	–	1.1	–	0.5	–
Debt to equity	–	–	2.58	1.96	0.69	0.08	0.06	0.14	0.13	0.13
Receivable days	–	–	80	61	53	51	61	70	51	57
Working capital days	–	–	41	38	23	70	28	2	7	−2
Asset turnover	–	–	0.75	0.76	0.40	0.55	0.75	1.00	1.17	1.12
Assets per rupee of net worth	–	–	4.62	4.23	2.63	1.68	1.43	1.75	2.06	1.79
Sales per rupee of plant	–	–	7.96	8.21	11.20	12.68	4.17	5.32	366.55	163.53
Capital spending to depreciation	–	–	–	–	0.00	0.19	3.31	0.03	0.01	0.06
Plant being built, % of plant in use	–	–	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	–

Interest cover is left blank for the years to Mar 2021, Mar 2022, Mar 2024 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. From the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2021 and Mar 2022: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. Revenue growth is left blank for the year to Mar 2021: between the two periods the company restated its earlier figures and the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. Net profit growth is left blank for the year to Mar 2021: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 5.7%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	2.6%	−1.7%
Profit growth, yearly rate	–	−38.1%	195.8%
Return on equity, average	–	−10.5%	−15.0%
Return on capital employed, average	–	−4.7%	−6.7%
Operating margin, average	5.6%	0.2%	0.0%
Net margin, average	−0.9%	−7.3%	−9.4%
Asset turnover, average	–	0.92	1.10
Debt to equity, average	–	0.11	0.13

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	82	52	−44
Cash from investing	−127	−17	−32
Cash from financing	−526	9	60
Capital spending	80	2	1
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	67	67	64
Borrowings raised	8	8	8
Borrowings repaid	494	3	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	6	4	6	4	6	4
Altman Z-scorePublished threshold 1.1	–	–	−1.10	−0.78	3.84	6.20	4.31	−1.17	2.68	3.07
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.58	−2.08	−2.73	−5.16	−2.59	−1.83
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−32.56	−0.29	2.83	−44.39	−3.14	17.87
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	0.33	–	–	–
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−23.30	−7.29	−5.06	22.67	16.74	−23.92	10.07
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	5.05	−20.90	9.04	−1.70	−4.23	−3.17	−1.05
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.00	–	0.00	0.00	0.00	–	–
Effective tax ratePublished threshold 17.16 per cent	8.30	10.53	13.85	16.49	8.21	–	68.72	–	−118.35	22.22
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	–	−546.12	–	−203.27	−54.05

A threshold marked as ours has no published figure; it is the line we read the check against.