One Point One Solutions Limited

Industrials — Specialty Business Services · NSE

₹85.19+₹0.42 (+0.50%)

DalalBaazaar Score

58 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Moderate

Driven by negative free cash flow, micro-cap size, which brings thin liquidity.

In simple words: Reasonable but unspectacular business quality, with both sales and profits growing well. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:01 pm

Understanding the Business

Company site ↗

The 60-second version of One Point One Solutions Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

One Point One Solutions Limited engages in the customer life cycle management, business process management, and technology servicing activities in India.

IndustrySpecialty Business Services

SectorIndustrials

Employees3,430

Annual revenue₹313 Cr

How does it make money?

Turns over ₹313 Cr a year. Of every ₹100 of sales, about ₹12 reaches shareholders as profit, with ₹26 left at the operating level before interest, tax and depreciation. Each of its 3,430 employees supports ₹9.1 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹9.1 lakh

Who are its competitors?

The closest listed comparisons in its industry are LARSEN & TOUBRO LTD., SIEMENS LTD, ABB INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 8.0% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE15.2%

What has been driving growth?

Sales and margins have both contributed to where profit is now. Over 3 years revenue moved +123% while net margin moved +95% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+123%

Margin effect+95%

DalalBaazaar Score

58/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ P/E of 49.8x is demanding — it needs sustained high growth to justify
• P/E is close to its own historical median of 56.2x
✗ P/B of 5.05x is a steep premium to book

Quality vs. Valuation

Company Quality

65/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

57/ 100

Fair

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

49.8x

3Y Median

56.2x

40 monthly readings · mean 65.8x · range 30.7x–148.9x

Sector Median

88.8x

median of 3 sector peers

🟢Current valuation is approximately 11% below its 3y median of 56.2x. Cheaper than its own history, which is worth a reason too: the market may be pricing in something the backward-looking numbers do not show.

🟢Against its sector it trades 44% below the peer median of 88.8x.

vs. its own history

Fair

56.2x median over 40 months · -11%

vs. sector peers

Cheap

88.8x median of 3 peers · -44%

vs. generic bands

Expensive

Above 35x

EV/EBITDA

29.2x

PEG

0.79

What's Good / What's Bad

🟢 What's Going Well2

Margins are improving
EBITDA margin is up from 24.3% to 26.3% over 3 years.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention2

Return on equity is falling
ROE has dropped from 15.9% to 8.6% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from 20.8% to 8.0% — often a sign of competition or overexpansion.

Red Flags

4 items require attention · 1 high · 3 watch

🔴Debt has risen sharplyFinancial
Total debt is up 276% over 3 years, from ₹59 Cr to ₹220 Cr.
🟡Free cash flow is negativeFinancial
Free cash flow was -₹188 Cr in the latest year.
🟡Receivables growing faster than salesFinancial
Receivables up 151% against revenue up 123% — sales are being booked faster than they are collected.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 40% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from 24.3% to 26.3%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.
Cheaper than its peers
It trades 44% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Sales are being booked faster than collected
Receivables are up 151% against revenue up 123%. If customers keep taking longer to pay, reported profit will not turn into cash — and write-offs follow if some never do.
Returns on shareholder capital are falling
ROE has dropped from 15.9% to 8.6%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 23% a year✓ 30.7% CAGR
Latest reported year was 129.4%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 24%✓ 26.3%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Debt / EBITDA stays below 2x✗ 2.7x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
4Free cash flow remains positive✗ -₹188 Cr
Profit that never becomes cash eventually stops being profit.
5ROCE stays above 8%✓ 8.0%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

6 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✗ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✗ Not trading at an extreme valuation (P/E < 40x)
✗ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

4 good · 4 neutral · 3 weak

Market Cap

₹2,240 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

49.8x

Expensive

Expensive — verify against sector peers

P/B Ratio

5.05x

Rich

Steep premium to book — needs high, durable returns to justify

EPS (TTM)

₹1.71

Profitable

Profitable on a per-share basis

ROE

8.6%

Moderate

Moderate capital efficiency

ROCE

8.0%

Moderate

Moderate return on the capital in the business

Debt/Equity

0.48x

Low

Conservative leverage

Revenue Growth (YoY)

129.4%

Healthy

Healthy top-line growth

Profit Growth (YoY)

72.2%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

-₹188 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

Operating Margin

15.8%

Good

Healthy core-business profitability

Net Margin

11.2%

Good

Strong bottom-line conversion

Current Ratio

2.64

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.48

Defensive

Steadier than the market

52W Range Position

95%

Near high

Near its 52-week high

Technical Snapshot

SMA 20 / SMA 50

74.9 / 64.1

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

94.9

Overbought zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹140 Cr	₹170 Cr	₹256 Cr	₹313 Cr	+30.7%
EBITDA	₹34 Cr	₹54 Cr	₹66 Cr	₹82 Cr	+34.1%
EBITDA Margin	24.3%	31.8%	25.9%	26.3%	—
PAT (Net Profit)	₹9 Cr	₹21 Cr	₹33 Cr	₹38 Cr	+63.2%
EPS	₹0.47	₹1.06	₹1.35	₹1.45	+45.6%
ROE	15.9%	15.3%	8.2%	8.6%	—
ROCE	20.8%	18.2%	10.7%	8.0%	—
Total Debt	₹59 Cr	₹58 Cr	₹47 Cr	₹220 Cr	+55.5%
Free Cash Flow	₹13 Cr	-₹16 Cr	₹3 Cr	-₹188 Cr	—

🟢 Revenue has grown at 30.7% a year over 3 years.

🟢 EBITDA has grown at 34.1% a year over 3 years.

🟢 EBITDA Margin has risen from 24.3% to 26.3% over 3 years (+1.9 pts).

🟢 PAT (Net Profit) has grown at 63.2% a year over 3 years.

🟢 EPS has grown at 45.6% a year over 3 years.

🔴 ROE has fallen from 15.9% to 8.6% over 3 years (-7.4 pts).

🔴 ROCE has fallen from 20.8% to 8.0% over 3 years (-12.8 pts).

🔴 Total Debt has grown at 55.5% a year over 3 years.

🔴 Free Cash Flow has turned negative, from ₹13 Cr to -₹188 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹837 Cr

Total Liabilities

₹374 Cr

Cash & Equivalents

₹55 Cr

Operating Cash Flow

₹121 Cr

Capex

-₹309 Cr

Shareholding (proxy)

Institutional Holding

2.8%

Insider Holding

58.8%

Corporate Actions

Ex-Dividend Date

12 Sept 2019

Peer Comparison

Company	P/E	ROE
LARSEN & TOUBRO LTD.	30.1x	15.2%
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%

Recent News

2 positive1 mixed3 general

One Point One Solutions Ltd. Share Price Live Today

CNBC TV18, 16 Oct

One Point One Solutions 52 Week High Streak: Four Sessions

Univest, 14 Oct

We Ran A Stock Scan For Earnings Growth And One Point One Solutions (NSE:ONEPOINT) Passed With Ease

Simply Wall Street, 23 SeptResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

One Point One Solutions Wins ₹39.32 Crore Utility Mandate

HDFC Sky, 23 Sept

Q1 results impact: One Point One Solutions shares rise as net profit rises 73%

Moneycontrol.com, 13 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

One Point One Solutions Q4 Net Profit Rises 18% to ₹10.3 Cr as Margins Hit 22.59%

Sahi, 27 MayResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Watch Items

Trading very close to its 52-week high — momentum-driven entries here carry more mean-reversion risk.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
RSI is in overbought territory — momentum entries here carry more short-term pullback risk.

DalalBaazaar Thesis

StrongFinancial Health · Growth

MiddlingBusiness Quality · Profitability

WeakValuation · Risk

Points for each in the Score ↑

Good business at a fair price

A sound business at a reasonable valuation. Suitable for a long-term holding, with the valuation and the direction of margins worth watching rather than the business itself. 1 high-severity red flag sits above this conclusion and should be read first.

2 of 5 tripwires tripped — Debt / EBITDA stays below 2x; Free cash flow remains positive · see Key things to watch ↑