MELSTAR

Melstar Information Technologies Limited

Melstar Information Technologies Limited (MELSTAR) financial statements and selected valuation metrics through 30 September 2026.

Information Technology›Information Technology›IT - Services›IT Enabled Services

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Key metrics

Price as of 2026-11-11

Stock price

₹442.21

Market cap

124 Cr

Stock P/E

Loss (TTM EPS ₹-1.17)

P/B

24.14

ROE (FY26)

-43.9%

ROCE (FY26)

-15.9%

Operating margin (FY26)

-285.3%

Debt / equity (FY26)

1.75

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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Segment mix

Reportable segments as of 2019-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.2% of revenue

Segment	Shareof revenue	Revenue₹ Cr	PBT₹ Cr	Assets₹ Cr
Segment -A (Software Services)	100.2%	3	-2	—
Segment-B (IT Infraprojects)	—	0	0	—
Unallocated	—	0	0	—

What we see

Concerns

✗Net margin is negative — the company is spending more than it earns right now.

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Quarterly results

Quarterly · ₹ Cr · click a figure for its source · Ctrl-click to pick several to share

Metric	Dec 2024	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
Sales	0	0	0	0	0.75	0	2
Operating expenses (approx.)	0.28	0.71	0.86	0.67	0.65	0.62	0.63
EBITDA	-0.28	-0.71	-0.86	-0.67	0.10	-0.62	0.87
OPM %	—	—	—	—	13.8%	—	58.3%
Other income	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0
Depreciation	0	0.0008	0.0008	0.0008	0.0009	0.0038	0.0042
Profit before tax	-0.28	-0.71	-0.86	-0.67	0.10	-0.63	0.87
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net profit	-0.28	-0.71	-0.86	-0.67	0.10	-0.63	0.87
EPS (₹)	-0.95	-2.56	-3.07	-2.40	0.37	-2.25	3.11

1,234 from the company's filing1,234 calculated by BullKarma

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · click a figure for its source · Ctrl-click to pick several to share

Metric	Mar 2025	Mar 2026	TTM
Sales	0	0.75	Sign in free for the trailing twelve months
Operating expenses (approx.)	1	3	Sign in free for the trailing twelve months
EBITDA	-1	-2	Sign in free for the trailing twelve months
OPM %	—	-284.8%	Sign in free for the trailing twelve months
Other income	0	0	Sign in free for the trailing twelve months
Interest	0	0	Sign in free for the trailing twelve months
Depreciation	0.0008	0.0033	Sign in free for the trailing twelve months
Profit before tax	-1	-2	Sign in free for the trailing twelve months
Tax %	0.0%	0.0%	Sign in free for the trailing twelve months
Net profit	-1	-2	Sign in free for the trailing twelve months
EPS (₹)	-4.34	-7.66	Sign in free for the trailing twelve months
Dividend payout %	—	—	Sign in free for the trailing twelve months

1,234 from the company's filing1,234 calculated by BullKarma

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · click a figure for its source · Ctrl-click to pick several to share

Metric	Mar 2025	Mar 2026
Equity capital	3	3
Reserves	4	2
Borrowings	3	9
Other liabilities	0.43	0.50
Total liabilities	10	14
Fixed assets (net)	0.02	0.01
CWIP	0	0
Investments	0	0
Loans & advances	9	12
Trade receivables	1	1
Cash & bank	0.18	0.07
Other assets	0.06	0.43
Total assets	10	14

1,234 from the company's filing1,234 calculated by BullKarma

Cash flows

Annual · ₹ Cr · last column includes FCF · click a figure for its source · Ctrl-click to pick several to share

Metric	Mar 2025	Mar 2026
Cash from operating activity	-2	0.14
Cash from investing	-0.02	-0.25
Cash from financing	2	0
Net cash flow	-0.14	-0.11
Free cash flow (OCF − Capex)	—	-0.11

Ratios

Metric	Mar 2025	Mar 2026
ROCE %	-12.2%	-15.9%
ROE %	-17.3%	-43.9%
PBT margin %	—	-285.3%
Cash conversion cycle	—	656
Debt / equity	0.41	1.75
Net debt / EBITDA	—	—

1,234 from the company's filing1,234 calculated by BullKarma