---
title: "Mindpool Technologies Ltd (MINDPOOL) — Share Price, Financials & Analysis"
symbol: "MINDPOOL"
company: "Mindpool Technologies Ltd"
canonical: "https://tapetide.com/stocks/MINDPOOL"
isin: "INE00RQ01019"
nse_symbol: "MINDPOOL"
sector: "Information Technology"
industry: "IT Enabled Services"
market_cap_cr: 30.13
generated_at: "2026-09-13T19:52:51.978Z"
---

# Mindpool Technologies Ltd (MINDPOOL)

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

## Company

- **NSE Symbol:** MINDPOOL
- **ISIN:** INE00RQ01019
- **Sector:** Information Technology
- **Industry:** IT Enabled Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2019-02-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mindpooltech.com

## About

Incorporated in 2011, Mindpool Technologies 
 Ltd is in the business of IT Staffing, software development and information technology enabled services

## Latest Price

- **Price:** ₹71.1
- **Change:** 0 (0%)
- **Open:** ₹71.1
- **Day High:** ₹71.1
- **Day Low:** ₹71.1
- **Previous Close:** ₹71.1
- **Volume:** 1000
- **As Of:** 2026-08-28T05:43:06+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:47.440533Z.

- **Market Cap:** ₹30.13 Cr
- **Classification:** SME
- **P/E (reported):** 85.7
- **Book Value:** ₹45.35
- **Price to Book:** 1.57
- **Dividend Yield:** 0%
- **ROE:** 1.83%
- **ROCE:** 3.98%
- **Debt to Equity:** 0.12
- **Revenue (yearly):** ₹52.5 Cr
- **Net Income:** ₹0.4 Cr
- **EBITDA:** ₹1 Cr
- **52-Week High:** ₹71.1
- **52-Week Low:** ₹68.55
- **RSI (14):** 54.47

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 130 days to 103 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -8.26% over past five years.
- Company has a low return on equity of 1.00% over last 3 years.
- Earnings include an other income of Rs.0.35 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -366.67% | -112.37% | 87.94% |
| ebitda margin growth | -99.78% | 64.71% | -6.22% | -20% |
| net income growth | -99.92% | 300% | 43% | -30% |
| revenue growth | -96.78% | 51.3% | 4% | -8% |
| roce | — | 218.4% | 44.2% | 3.52% |
| roe | — | 251.92% | 1.14% | -71.93% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 37.36 | 42.93 | 41.3 | 28.65 | 22.71 | 23.11 | 23.85 | 20.52 | 16.06 | 18.35 | 24.82 | 27.35 |
| Expenses | 35.32 | 40.88 | 39.66 | 28.43 | 22.15 | 23.03 | 23.53 | 20.24 | 15.92 | 18.32 | 24.58 | 26.91 |
| Operating Profit | 2.04 | 2.05 | 1.64 | 0.22 | 0.56 | 0.08 | 0.32 | 0.28 | 0.14 | 0.03 | 0.24 | 0.44 |
| OPM % | 5.46 | 4.78 | 3.97 | 0.77 | 2.47 | 0.35 | 1.34 | 1.36 | 0.87 | 0.16 | 0.97 | 1.61 |
| Other Income | 0.3 | 0.09 | 0.04 | 0.45 | 0.07 | 0.13 | 0.12 | 0.21 | 0.11 | 0.15 | 0.19 | 0.16 |
| Interest | 0.75 | 0.97 | 0.78 | 0.02 | 0.16 | 0.15 | 0.11 | 0.14 | 0.08 | 0.07 | 0.13 | 0.14 |
| Depreciation | 0.29 | 0.27 | 0.28 | 0.07 | 0.26 | 0.15 | 0.22 | 0.2 | 0.1 | 0.08 | 0.1 | 0.13 |
| Profit before tax | 1.3 | 0.9 | 0.62 | 0.58 | 0.21 | -0.09 | 0.11 | 0.15 | 0.07 | 0.03 | 0.2 | 0.33 |
| Tax % | 14.62 | 13.33 | 1.61 | 12.07 | 0 | 288.89 | 0 | 46.67 | 0 | -33.33 | 0 | 54.55 |
| Net Profit | 0.8 | 0.69 | 0.6 | 0.51 | 0.21 | -0.35 | 0.12 | 0.08 | 0.07 | 0.03 | 0.21 | 0.14 |
| EPS in Rs | 1.89 | 1.63 | 1.42 | 1.2 | 0.5 | -0.83 | 0.28 | 0.19 | 0.17 | 0.07 | 0.5 | 0.33 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 24.86 | 20.22 | 22.17 | 38.4 | 80.29 | 48.47 | 45.82 | 44.37 | 34.41 | 52.18 |
| Expenses | 22.84 | 17.96 | 20.58 | 36.78 | 76.19 | 47.77 | 45.14 | 43.69 | 34 | 51.38 |
| Operating Profit | 2.02 | 2.26 | 1.59 | 1.62 | 4.1 | 0.7 | 0.68 | 0.68 | 0.41 | 0.8 |
| OPM % | 8.13 | 11.18 | 7.17 | 4.22 | 5.11 | 1.44 | 1.48 | 1.53 | 1.19 | 1.53 |
| Other Income | 0.57 | 0.19 | 0.34 | 0.49 | 0.39 | 0.5 | 0.16 | 0.33 | 0.25 | 0.35 |
| Interest | 0.63 | 0.1 | 0.13 | 0.79 | 1.73 | 0.03 | 0.31 | 0.33 | 0.39 | 0.39 |
| Depreciation | 0.14 | 0.11 | 0.12 | 0.38 | 0.57 | 0.14 | 0.41 | 0.42 | 0.18 | 0.22 |
| Profit before tax | 1.82 | 2.24 | 1.68 | 0.94 | 2.19 | 1.03 | 0.12 | 0.26 | 0.09 | 0.54 |
| Tax % | 28.57 | 25.89 | 4.76 | 4.26 | 14.16 | 6.8 | 225 | 26.92 | -11.11 | 33.33 |
| Net Profit | 1.29 | 1.67 | 1.61 | 0.9 | 1.88 | 0.96 | -0.13 | 0.2 | 0.1 | 0.35 |
| EPS in Rs | 1290 | 5.5 | 3.8 | 1.6 | 3.52 | 2.27 | -0.31 | 0.47 | 0.24 | 0.83 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 3.04 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 |
| Reserves | 8.66 | 7.11 | 10.44 | 11.8 | 13.19 | 10.5 | 13.57 | 13.84 | 14.07 | 14.98 |
| Borrowings | 6.11 | 1.21 | 0.88 | 14.35 | 15 | 0.32 | 1.88 | 0 | 0 | 2.24 |
| Other Liabilities | 2.07 | 2.54 | 2.12 | 9.57 | 10.45 | 2.37 | 2.71 | 3.82 | 4.69 | 5.22 |
| Total Liabilities | 16.85 | 13.9 | 17.68 | 39.96 | 42.88 | 17.43 | 22.4 | 21.9 | 23 | 26.68 |
| Fixed Assets | 0.33 | 0.23 | 0.59 | 5.88 | 5.42 | 0.14 | 0.86 | 0.47 | 0.29 | 0.83 |
| CWIP | 0 | 0 | 0 | 0.45 | 0.45 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.25 | 1.25 | 1.25 | 0.15 | 0.03 | 1.2 | 1.94 | 1.94 | 2.46 | 2.67 |
| Other Assets | 15.27 | 12.42 | 15.84 | 33.48 | 36.98 | 16.09 | 19.6 | 19.49 | 20.25 | 23.18 |
| Total Assets | 16.85 | 13.9 | 17.68 | 39.96 | 42.88 | 17.43 | 22.4 | 21.9 | 23 | 26.68 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 3.86 | -2.88 | -14.09 | 0.92 | -1.99 | -2.27 | 1.94 | 0.09 | -0.24 |
| Cash from Investing Activity | — | 0.16 | -0.31 | -4.07 | -0.07 | 1.08 | 1.06 | 0.3 | -0.17 | -0.64 |
| Cash from Financing Activity | — | -4.62 | 2.18 | 18.52 | 0.07 | 0.27 | 1.25 | -2.13 | -0.23 | 2.18 |
| Net Cash Flow | — | -0.6 | -1.02 | 0.37 | 0.92 | -0.63 | 0.05 | 0.11 | -0.31 | 1.29 |
| Free Cash Flow | — | 3.85 | -3.37 | -19.83 | 0.76 | -1.99 | -3.43 | 1.9 | 0.09 | -0.93 |
| CFO/OP | — | 225 | -166 | -860 | 31 | -284 | -294 | 301 | 41 | -2 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 33.77 | 120.22 | 170.89 | 130.03 | 64.01 | 67.02 | 85 | 73.38 | 119.12 | 97.23 |
| Cash Conversion Cycle | 33.77 | 120.22 | 170.89 | 130.03 | 64.01 | 67.02 | 85 | 73.38 | 119.12 | 97.23 |
| Working Capital Days | 40.96 | 129.07 | 195.59 | 185.92 | 93.97 | 95.94 | 114.07 | 125.78 | 162.4 | 103.11 |
| ROCE % | 17.65 | 18.06 | 14.04 | 7.08 | 10.58 | 2.74 | 3.22 | 3.12 | 2.64 | 4.32 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% | 71.27% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.28% | 26.37% | 26.37% | 25.81% | 25.81% | 25.57% | 25.55% | 25.4% | 25.4% | 25.4% | 25.88% |
| Others | 2.45% | 2.36% | 2.36% | 2.93% | 2.93% | 3.16% | 3.19% | 3.33% | 3.33% | 3.33% | 2.86% |
| No. of Shareholders | 78 | 78 | 78 | 78 | 77 | 97 | 95 | 120 | 118 | 117 | 117 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 4 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 177.52 | Sell |
| EMA (10) | 175.05 | Sell |
| SMA (20) | 126.29 | Sell |
| EMA (20) | 144.08 | Sell |
| SMA (50) | 86.73 | Sell |
| EMA (50) | 105.8 | Sell |
| SMA (100) | 80.93 | Sell |
| EMA (100) | 88.28 | Sell |
| SMA (200) | 74.38 | Sell |
| EMA (200) | 70.28 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.3 | Neutral |
| MACD (12,26,9) | 36.41 | Buy |
| Stochastic (14,3,3) | 67.09 | Neutral |
| ADX (14) | 43.57 | Buy |
| Williams %R (14) | -98.74 | Buy |
| ATR (14) | 27.44 | High Volatility |
| ROC (12) | -1.46 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 50.73 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - Re-appointment of Sunil Jain as Independent Director (15 Feb 2026–14 Feb 2031); postal ballot notice and scrutinizer appointed. | [Appointment 9 January 2026 - Re-appointment of Sunil Jain as Independent Director (15 Feb 2026–14 Feb 2031); postal ballot notice and scrutinizer appointed.](https://nsearchives.nseindia.com/corporate/MINDPOOL_09012026110804_NSE_100th_BM_Outcome.pdf) |
| 9 January 2026 - Postal ballot: approve ₹15 crore/year RPTs with S A Tech (FY2025–28); reappoint Sunil Jain 15/2/2026–14/2/2031. | [Shareholders meeting 9 January 2026 - Postal ballot: approve ₹15 crore/year RPTs with S A Tech (FY2025–28); reappoint Sunil Jain 15/2/2026–14/2/2031.](https://nsearchives.nseindia.com/corporate/MINDPOOL_09012026174657_NSE_Postal_Ballot_Notice_Intimation_09012026.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no dematerialization requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no dematerialization requests received.](https://nsearchives.nseindia.com/corporate/MINDPOOL_07042026183904_Certificate_Under_Regulation74_5_.pdf) |
| 6 April 2026 - NSE issued no-objection letter for Mindpool Technologies-S A Tech Software India amalgamation, valid until October 6, 2026. | [Amalgamation/Merger 6 April 2026 - NSE issued no-objection letter for Mindpool Technologies-S A Tech Software India amalgamation, valid until October 6, 2026.](https://nsearchives.nseindia.com/corporate/MINDPOOL_06042026220150_Mindpool_Reg30_Intimation_NOC.pdf) |
| 31 Aug - 16th AGM on 24 Sep 2026; annual report dispatched; Poonam Sharma redesignated Executive Whole-Time Director. | [Shareholders meeting 31 Aug - 16th AGM on 24 Sep 2026; annual report dispatched; Poonam Sharma redesignated Executive Whole-Time Director.](https://nsearchives.nseindia.com/corporate/MINDPOOL_31082026160741_NSE_Annual_Report_Notice_2026.pdf) |
| 29 May - Submitted SDD compliance certificate for FY ended 31 March 2026 under PIT regulations. | [Structural Digital Database 29 May - Submitted SDD compliance certificate for FY ended 31 March 2026 under PIT regulations.](https://nsearchives.nseindia.com/corporate/MINDPOOL_29052026172124_SDD_Compliance_Certificate.pdf) |
| 25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after FY2026 results announcement. | [Trading Window 25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after FY2026 results announcement.](https://nsearchives.nseindia.com/corporate/MINDPOOL_25032026142803_Trading_Window_Closure_25020226.pdf) |
| 22 Aug - Board approved Rohit Kalamkar as Internal Auditor for FY 2026-27 on 22 August 2026. | [Outcome of Board Meeting 22 Aug - Board approved Rohit Kalamkar as Internal Auditor for FY 2026-27 on 22 August 2026.](https://nsearchives.nseindia.com/corporate/MINDPOOL_22082026124321_NSE_BM_Outcome_IA.pdf) |
| 21 May 2026 - Board approved FY26 audited standalone/consolidated results, auditor appointments, and amalgamation scheme amendment on 21 May 2026. | [Outcome of Board Meeting 21 May 2026 - Board approved FY26 audited standalone/consolidated results, auditor appointments, and amalgamation scheme amendment on 21 May 2026.](https://nsearchives.nseindia.com/corporate/MINDPOOL_21052026120931_NSE_Financials_FY_2025-2026.pdf) |
| 21 May - Mindpool Technologies approved Uday Surpuriya as internal auditor for FY 2026-27 on 21 May 2026. | [Outcome of Board Meeting 21 May - Mindpool Technologies approved Uday Surpuriya as internal auditor for FY 2026-27 on 21 May 2026.](https://nsearchives.nseindia.com/corporate/MINDPOOL_21052026122204_NSE_BM_Internal_Auditor_Appointment_Disclosure.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30870_MINDPOOL_2025_2026_A_7265230_31082026152231.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28822_MINDPOOL_2024_2025_A_2143038_06092025192530.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25222_MINDPOOL_2023_2024_28082024155424.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22925_MINDPOOL_2022_2023_24082023181246_08242023190000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21360_MINDPOOL_2021_2022_05092022165542_09052022170036.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_18836_MINDPOOL_2020_2021_23082021174614_23082021180006.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17321_MINDPOOL_2019_2020_04092020205409_04092020210006.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15365_MINDPOOL_2018_2019_26082019162846_26082019170004.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/MINDPOOL_10112020184735_NSE_Investors_Presentation_H1_SEPT_2020.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/MINDPOOL_11112020090959_NSE_Revised_investor_presentation.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://archives.nseindia.com/corporate/MINDPOOL_15072020154118_NSE_investor_PresentationMarch2020.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 2026-09-13T19:52:51.978Z.