Shyama Computronics and Services Limited

Technology — Information Technology Services · BSE

₹3.66+₹0.03 (+0.83%)

DalalBaazaar Score

60 / 100

🟢 Good

Verdict

CAUTION

Risk

High

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

In simple words: The business is earning a fairly low return on the money invested in it, but sales are shrinking. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:08 pm

Caution warranted. Multiple fundamental metrics — flagged in red below — point to either valuation stretch, leverage risk, or weakening profitability. This doesn't mean avoid the stock outright, but it does mean the burden of proof is on the growth story to justify the current price.

Understanding the Business

Company site ↗

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

What does this company do?

Shyama Computronics and Services Limited provides information technology services in India and internationally. It also engages in investment activities.

IndustryInformation Technology Services

SectorTechnology

Annual revenue₹0 Cr

How does it make money?

Turns over ₹0 Cr a year. Of every ₹100 of sales, about ₹41 reaches shareholders as profit, with ₹58 left at the operating level before interest, tax and depreciation.

EBITDA margin57.9%

Net margin40.8%

Who are its competitors?

The closest listed comparisons in its industry are TATA CONSULTANCY SERV LT, INFOSYS LIMITED, HCL TECHNOLOGIES LTD, WIPRO LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

TATA CONSULTANCY SERV LTP/E 17.3x · ROE 45.6%

INFOSYS LIMITEDP/E 15.8x · ROE 32.0%

HCL TECHNOLOGIES LTDP/E 20.4x · ROE 24.6%

WIPRO LTDP/E 14.5x · ROE 15.9%

What is its competitive advantage?Little sign of one

Returns on capital of 1.5% 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.

ROCE1.5%

ROE1.1%

Peer median ROE32.0%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +84% while net margin moved -42% 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+84%

Margin effect-42%

DalalBaazaar Score

60/ 100

Good

Weighted across six categories. Every point is explained below.

✓ Revenue CAGR of 22.6% — compounding well above nominal GDP
✗ Profit CAGR of only 2.4%
✗ Profit is compounding slower than revenue — margins are being squeezed as the business grows
✗ Latest-year revenue growth of -12.3% is below the longer-term trend — momentum is fading
✗ Profit fell 50.0% in the latest year

Quality vs. Valuation

Company Quality

60/ 100

Average

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

Valuation

44/ 100

Expensive

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

33.3x

3Y Median

36.4x

40 monthly readings · mean 39.7x · range 19.6x–70.4x

Sector Median

16.5x

median of 4 sector peers

🟡Currently trading close to its 3y median of 36.4x — the market is paying about what it usually pays for this company.

⚠️Against its sector it trades 101% above the peer median of 16.5x.

vs. its own history

Fair

36.4x median over 40 months · -8%

vs. sector peers

Expensive

16.5x median of 4 peers · +101%

vs. generic bands

Fair

15x–35x

P/E (Trailing)

33.3x

P/B

0.29x

EV/EBITDA

22.7x

PEG

14.16

Dividend Yield

None

What's Good / What's Bad

🟢 What's Going Well2

Margins are improving
EBITDA margin is up from 25.8% to 57.9% over 3 years.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention1

Free cash flow is negative
The business is not currently covering its capital spending from operations.

Red Flags

1 item require attention · 1 watch

🟡Free cash flow is negativeFinancial
Free cash flow was -₹0 Cr in the latest year.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from 25.8% to 57.9%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.
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?

A premium to the sector to defend
It trades 101% above the peer median. That premium needs a reason that persists, or it closes.
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 17% a year✓ 22.6% CAGR
Latest reported year was -12.3%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 56%✓ 57.9%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Free cash flow remains positive✗ -₹0 Cr
Profit that never becomes cash eventually stops being profit.
4ROCE stays above 8%✗ 1.5%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.
5Valuation vs its own median of 36.4x✓ 33.3x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

5 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✗ Generates positive free cash flow
✓ 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

2 good · 4 neutral · 5 weak

Market Cap

₹4 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

33.3x

Fair

Fairly valued against the generic band

P/B Ratio

0.29x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹0.11

Profitable

Profitable on a per-share basis

ROE

1.1%

Weak

Weak capital efficiency

ROCE

1.5%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

-12.3%

Shrinking

Sales are contracting

Profit Growth (YoY)

-50.0%

Falling

Profits are shrinking

Dividend Yield

None

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

Free Cash Flow

-₹0 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

CMP

₹3.66

Operating Margin

9.6%

Average

Average margins

Net Margin

29.3%

Good

Strong bottom-line conversion

Current Ratio

23.24

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.61

Defensive

Steadier than the market

52W Range Position

40%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

3.6 / 3.6

Bullish alignment (short > long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

42.9

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	+22.6%
EBITDA	₹0 Cr	-₹0 Cr	₹0 Cr	₹0 Cr	+60.4%
EBITDA Margin	25.8%	-29.6%	41.7%	57.9%	—
PAT (Net Profit)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	+2.4%
EPS	₹0.11	₹0.11	₹0.14	₹0.11	+2.2%
ROE	1.1%	1.1%	1.4%	1.1%	—
ROCE	1.5%	-0.3%	1.7%	1.5%	—
Free Cash Flow	-₹2 Cr	₹0 Cr	-₹0 Cr	-₹0 Cr	—

🟢 Revenue has grown at 22.6% a year over 3 years.

🟢 EBITDA has grown at 60.4% a year over 3 years.

🟢 EBITDA Margin has risen from 25.8% to 57.9% over 3 years (+32.0 pts).

🟢 PAT (Net Profit) has grown at 2.4% a year over 3 years.

🟢 EPS has grown at 2.2% a year over 3 years.

🟡 ROE has held roughly flat at 1.1% over 3 years.

🟡 ROCE has held roughly flat at 1.5% over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹10 Cr

Total Liabilities

₹0 Cr

Total Debt

—

Cash & Equivalents

₹0 Cr

Operating Cash Flow

-₹0 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

24.9%

Peer Comparison

Company	P/E	ROE
TATA CONSULTANCY SERV LT	17.3x	45.6%
INFOSYS LIMITED	15.8x	32.0%
HCL TECHNOLOGIES LTD	20.4x	24.6%
WIPRO LTD	14.5x	15.9%

Recent News

1 mixed2 negative3 general

Shyama Computronics passes all AGM resolutions with 96% support

scanx.trade, 24 Sept

Shyama Computronics FY26 Results: Net profit falls 21% to ₹11.40 lakh

scanx.trade, 01 SeptResults

🔴Potentially negativeReported deterioration, which feeds the growth and margin inputs on this page directly.

Shyama Infosys Ltd Share Price

Business Today, 31 Jan

Monarch Networth Capital consolidated net profit declines 0.15% in the June 2026 quarter

Business Standard, 10 AugResults

🔴Potentially negativeReported deterioration, which feeds the growth and margin inputs on this page directly.

DFL Stock Price and Chart — BSE:DFL

TradingView, 13 Aug

Nifty ends above 24,550 mark; realty shares rally

Business Standard, 10 AugPrice move

🟡Mixed / dependsA price move, which is not by itself a change in the business. Worth finding the cause before reading it as either good or bad.

Watch Items

Revenue growth is negative (-12.3%) on the latest reported period — check if this is one-off or a trend.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

🟢Business QualityStrong13/20

🟢Financial HealthStrong13.2/20

🟡GrowthModest10/20

🟡ProfitabilityModerate8.9/15

🟡ValuationFair9.5/15

🟡RiskModerate5.4/10

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you.

This thesis breaks if

✓Revenue growth stays above 17% a year22.6% CAGR
✓EBITDA margin holds above 56%57.9%
✗Free cash flow remains positive-₹0 Cr
✗ROCE stays above 8%1.5%
✓Valuation vs its own median of 36.4x33.3x today