---
title: "Melstar Information Technologies Ltd (MELSTAR) — Share Price, Financials & Analysis"
symbol: "MELSTAR"
company: "Melstar Information Technologies Ltd"
canonical: "https://tapetide.com/stocks/MELSTAR"
isin: "INE817A01019"
nse_symbol: "MELSTAR"
bse_code: "532307"
sector: "Information Technology"
industry: "IT - Services"
generated_at: "2026-09-13T20:05:54.501Z"
---

# Melstar Information Technologies Ltd (MELSTAR)

Canonical page: https://tapetide.com/stocks/MELSTAR

## Company

- **NSE Symbol:** MELSTAR
- **BSE Code:** 532307
- **ISIN:** INE817A01019
- **Sector:** Information Technology
- **Industry:** IT - Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2001-01-25
- **CEO:** Mr. Vineet Goverdhan Shah
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** melstar.com

## About

Incorporated in 1986, Melstar Information Technologies Ltd is a software service company  which provides IT solutions and skilled manpower.

## Latest Price

- **Price:** ₹4.25
- **Change:** 0 (0%)
- **Open:** ₹4.15
- **Day High:** ₹4.37
- **Day Low:** ₹3.96
- **Previous Close:** ₹4.25
- **Volume:** 0
- **As Of:** 2025-06-16T08:17:23+00:00

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 42.7%

### Weaknesses

- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Company has high debtors of 701 days.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -7% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.75 | 0 |
| Expenses | 0 | 0.54 | 0.07 | 0.28 | 0.86 | 0.71 | 0.86 | 0.67 | 0.65 | 0.62 |
| Operating Profit | 0 | -0.54 | -0.07 | -0.28 | -0.86 | -0.71 | -0.86 | -0.67 | 0.1 | -0.62 |
| OPM % | — | — | — | — | — | — | — | — | 13.33 | — |
| Other Income | 0 | 12.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0.32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 11.28 | -0.07 | -0.28 | -0.86 | -0.71 | -0.86 | -0.67 | 0.1 | -0.62 |
| Tax % | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0 | 11.28 | -0.07 | -0.28 | -0.86 | -0.71 | -0.86 | -0.67 | 0.1 | -0.63 |
| EPS in Rs | 0 | 7.9 | -0.05 | -0.2 | -0.6 | -0.5 | -0.6 | -0.47 | 0.07 | -0.44 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 25.5 | 53.53 | 21.05 | 18.6 | 22.31 | 31.48 | 0 | 0 | 0.75 | 0.75 |
| Expenses | 24.05 | 51.99 | 22.6 | 20.29 | 21.11 | 29.8 | 0.54 | 1.21 | 2.89 | 2.8 |
| Operating Profit | 1.45 | 1.54 | -1.55 | -1.69 | 1.2 | 1.68 | -0.54 | -1.21 | -2.14 | -2.05 |
| OPM % | 5.69 | 2.88 | -7.36 | -9.09 | 5.38 | 5.34 | — | — | -285.33 | -273.33 |
| Other Income | 2.79 | 1.64 | 1.81 | 1.07 | -0.78 | 0.25 | 12.14 | 0 | 0 | 0 |
| Interest | 0.52 | 0.46 | 0.81 | 0.92 | 1.37 | 1.58 | 0.32 | 0 | 0 | 0 |
| Depreciation | 0.86 | 0.86 | 0.84 | 0.82 | 0.71 | 0.69 | 0 | 0 | 0 | 0 |
| Profit before tax | 2.86 | 1.86 | -1.39 | -2.36 | -1.66 | -0.34 | 11.28 | -1.21 | -2.14 | -2.05 |
| Tax % | 0 | 19.89 | -5.76 | 2.97 | 0 | 11.76 | 0 | 0 | 0 | — |
| Net Profit | 2.86 | 1.49 | -1.31 | -2.43 | -1.66 | -0.38 | 11.28 | -1.21 | -2.14 | -2.06 |
| EPS in Rs | 2 | 1.04 | -0.92 | -1.7 | -1.16 | -0.27 | 7.9 | -0.85 | -1.5 | -1.44 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 14.28 | 14.28 | 14.28 | 14.28 | 14.28 | 14.28 | 14.28 | 14.28 | 2.79 | 2.79 |
| Reserves | -4.6 | -2.18 | -0.73 | -2.04 | -4.55 | -6.5 | -6.91 | -8.2 | 4.22 | 2.08 |
| Borrowings | 3.36 | 2.96 | 1.84 | 5.27 | 7.95 | 8.79 | 11.14 | 2.88 | 2.88 | 8.54 |
| Other Liabilities | 6.12 | 4.83 | 17.89 | 13.64 | 3.28 | 5.57 | 10.67 | 1.02 | 0.44 | 0.5 |
| Total Liabilities | 19.16 | 19.89 | 33.28 | 31.15 | 20.96 | 22.14 | 29.18 | 9.98 | 10.33 | 13.91 |
| Fixed Assets | 12.35 | 11.67 | 10.85 | 9.99 | 9.14 | 8.17 | 8.45 | 0 | 0.02 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.91 | 2.33 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0.35 | 0.35 | 0 | 0 | 0 |
| Other Assets | 6.81 | 8.22 | 22.43 | 21.16 | 11.82 | 12.71 | 18.05 | 9.98 | 10.31 | 13.9 |
| Total Assets | 19.16 | 19.89 | 33.28 | 31.15 | 20.96 | 22.14 | 29.18 | 9.98 | 10.33 | 13.91 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.69 | 0.93 | 1.17 | -0.26 | -2.3 | 1 | 1.55 | 0.54 | -2.27 | 0.14 |
| Cash from Investing Activity | 0.05 | -0.18 | 0.06 | -2.64 | 0.38 | -0.48 | -2.4 | 0 | -0.02 | -0.25 |
| Cash from Financing Activity | 1.25 | -1.14 | -1.25 | 2.89 | 1.78 | -0.49 | 0.81 | -0.32 | 2.14 | 0 |
| Net Cash Flow | -0.39 | -0.39 | -0.02 | -0.01 | -0.14 | 0.03 | -0.03 | 0.22 | -0.14 | -0.11 |
| Free Cash Flow | -1.92 | 0.74 | 1.11 | -0.26 | -2.3 | 0.07 | -0.05 | 0.54 | -2.29 | -0.11 |
| CFO/OP | 87 | 130 | 98 | -8 | 149 | 144 | 193 | -100 | 188 | -7 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 69.46 | 67.27 | 127.58 | 216.23 | 61.81 | 73.13 | 56 | — | — | 700.8 |
| Inventory Days | — | — | 0 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 69.46 | 67.27 | 127.58 | 216.23 | 61.81 | 73.13 | 56 | — | — | 700.8 |
| Working Capital Days | 0.72 | -18.18 | 2.52 | -9.36 | -37.28 | -77.38 | -96.35 | — | — | 2331.13 |
| ROCE % | 28.09 | 14.38 | 15.3 | -3.53 | -8.01 | 8.76 | 7.07 | — | -12.84 | -18.37 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.06% | 47.06% | 47.06% | 47.06% | 47.06% | 41.07% | 47.06% | 94.57% | 94.57% |
| DIIs | 0.7% | 0.7% | 0.7% | 0.7% | 0% | 0% | 0% | 0% | 0% |
| Public | 52.24% | 52.24% | 52.24% | 52.24% | 52.94% | 58.93% | 52.94% | 5.43% | 5.43% |
| No. of Shareholders | 9807 | 9588 | 9550 | 9923 | 10122 | 10335 | 10438 | 10430 | 10429 |

### Quarterly

| Category | Dec 2020 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.06% | 47.06% | 41.07% | 47.06% | 47.06% | 47.06% | 47.06% | 55.32% | 55.32% | 55.32% | 94.57% | 94.57% |
| Public | 52.94% | 52.96% | 58.93% | 52.94% | 52.94% | 52.94% | 52.94% | 44.69% | 44.69% | 44.69% | 5.43% | 5.43% |
| No. of Shareholders | 10122 | 10263 | 10335 | 10364 | 10438 | 10438 | 10438 | 10439 | 10439 | 10436 | 10430 | 10429 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 13.17 | Sell |
| EMA (10) | 13.12 | Sell |
| SMA (20) | 14.09 | Sell |
| EMA (20) | 13.74 | Sell |
| SMA (50) | 14.93 | Sell |
| EMA (50) | 14.14 | Sell |
| SMA (100) | 13.72 | Sell |
| EMA (100) | 13.69 | Sell |
| SMA (200) | 12.44 | Sell |
| EMA (200) | 12.59 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.55 | Neutral |
| MACD (12,26,9) | -0.67 | Sell |
| Stochastic (14,3,3) | 1.84 | Buy |
| ADX (14) | 12.88 | Neutral |
| Williams %R (14) | -98.69 | Buy |
| ATR (14) | 0.89 | High Volatility |
| ROC (12) | -18.39 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 28.81 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49b3e4f8-7069-47d2-809b-802e2abeb6d2.pdf) |
| 7 May - Subhash Chandra Varshney resigned as Independent Director effective May 7, 2026. | [Announcement under Regulation 30 (LODR)-Cessation 7 May - Subhash Chandra Varshney resigned as Independent Director effective May 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c179d25-2966-46dd-8d5e-a8eb02c4b76c.pdf) |
| 30 Apr - Melstar confirms it is not a Large Corporate; outstanding borrowings were Rs 5.07 crore on 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Melstar confirms it is not a Large Corporate; outstanding borrowings were Rs 5.07 crore on 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28f5dd9d-a636-4071-b9fa-2d8014b73c3d.pdf) |
| 30 Apr - Melstar confirms it is not a Large Corporate; outstanding borrowings were Rs 5.07 crore on 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Melstar confirms it is not a Large Corporate; outstanding borrowings were Rs 5.07 crore on 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/28f5dd9d-a636-4071-b9fa-2d8014b73c3d.pdf) |
| 27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results announcement. | [Closure of Trading Window 27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4b47920-4b93-4c37-b804-794b39b68d46.pdf) |
| 24 Mar - Uttam Prakash Agarwal resigned as Non-Executive Chairman and Independent Director effective March 23, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 24 Mar - Uttam Prakash Agarwal resigned as Non-Executive Chairman and Independent Director effective March 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91aa6789-1609-4890-9a10-5ead3b456115.pdf) |
| 22 Apr - Ms. Alyzaa Merchant resigned as Independent Director effective April 22, 2026, stepping down from board committees. | [Announcement under Regulation 30 (LODR)-Cessation 22 Apr - Ms. Alyzaa Merchant resigned as Independent Director effective April 22, 2026, stepping down from board committees.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3d4747f-743b-4400-805e-78d43c68f5ab.pdf) |
| 14h - Ms. Alyzaa Merchant resigned as Independent Director effective April 22, 2026, stepping down from board committees. | [Announcement under Regulation 30 (LODR)-Cessation 14h - Ms. Alyzaa Merchant resigned as Independent Director effective April 22, 2026, stepping down from board committees.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f3d4747f-743b-4400-805e-78d43c68f5ab.pdf) |
| 14 Feb - Approved Q3/9M results to Dec 31, 2025; consolidated loss Rs225.28L; appointed CFO and independent director. | [Board Meeting Outcome for Meeting Held On February 14, 2026 14 Feb - Approved Q3/9M results to Dec 31, 2025; consolidated loss Rs225.28L; appointed CFO and independent director.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93b63152-0d40-473e-b3c0-22d53ca96066.pdf) |
| 14 Feb - Approved Q3/9M FY2025 results (9M standalone loss ₹118.41 lakh); appointed CFO and independent director on 14-02-2026. | [Announcement under Regulation 30 (LODR)-Change in Management 14 Feb - Approved Q3/9M FY2025 results (9M standalone loss ₹118.41 lakh); appointed CFO and independent director on 14-02-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ecfb967-8c8b-460b-9e4b-b99a7041bf3e.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=194d39f4-aba9-4cce-ad0f-79859779a289.pdf) |
| 2026-09-08 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db49405b-faa6-4c79-b824-c63338a1bf2a.pdf) |
| 2026-09-08 | [Outcome Of 38Th AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36bb149c-dd2a-4972-a1f0-f92b34dc6435.pdf) |
| 2026-09-08 | [Board Meeting Outcome for Meeting Held On September 08 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dca9e364-c148-4a3e-808e-35333f8afbca.pdf) |
| 2026-09-08 | [Book Closure Date And Cut Off Date For The Purpose Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d011845-b8e4-4cc1-af43-6572d52c38da.pdf) |
| 2026-09-08 | [Details Of E-Voting At The 39Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccf2867c-18ab-4593-998f-a3b808bf92dd.pdf) |
| 2026-09-08 | [Notice Of 39Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d0def47-026c-4725-bad5-50be0b122732.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5b0c2b5-829a-475a-a802-c88349352c02.pdf) |
| 2026-09-03 | [Board Meeting Intimation for Meeting To Be Held On September 08 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4cc8aaa4-4724-4f58-9e82-c63bedd19ab2.pdf) |
| 2026-09-03 | [Board Meeting Intimation For Meeting To Be Held On September 08 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4557410a-8d61-4dae-b5c7-9f84dbf166ef.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MELSTAR_2010_2011_21072011071211.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_MELSTAR_2009_2010_01092010120000.zip) |
| from nse | [Annual Report 2009 from nse](https://archives.nseindia.com/annual_reports/AR_MELSTAR_2008_2009_03092009151000.zip) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/68201532307.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/5323070319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/5323070318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/5323070317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/5323070316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/5323070315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/532307/5323070314.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:05:54.501Z.