---
title: "Tridhya Tech Ltd (TRIDHYA) — Share Price, Financials & Analysis"
symbol: "TRIDHYA"
company: "Tridhya Tech Ltd"
canonical: "https://tapetide.com/stocks/TRIDHYA"
isin: "INE0LWY01029"
nse_symbol: "TRIDHYA"
sector: "Services"
industry: "Commercial Services & Supplies"
market_cap_cr: 16.19
generated_at: "2026-09-13T18:50:11.283Z"
---

# Tridhya Tech Ltd (TRIDHYA)

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

## Company

- **NSE Symbol:** TRIDHYA
- **ISIN:** INE0LWY01029
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2023-07-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tridhyatech.com

## About

Incorporated in 2018, Tridhya Tech Ltd is in the business of IT Solutions Developments & Maintenance Services and IT Staff Augmentation[1]

## Latest Price

- **Price:** ₹6.95
- **Change:** 0 (0%)
- **Open:** ₹6.9
- **Day High:** ₹6.95
- **Day Low:** ₹6.85
- **Previous Close:** ₹6.95
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:41.190110Z.

- **Market Cap:** ₹16.19 Cr
- **Classification:** SME
- **P/E (reported):** 33.1
- **Book Value:** ₹18.73
- **Price to Book:** 0.37
- **Dividend Yield:** 0%
- **ROE:** -8.71%
- **ROCE:** 3.78%
- **Debt to Equity:** 1.75
- **Revenue (yearly):** ₹27.67 Cr
- **Net Income:** ₹0.49 Cr
- **EBITDA:** ₹3.1 Cr
- **52-Week High:** ₹19.95
- **52-Week Low:** ₹6.3
- **RSI (14):** 30.3

## Tapetide Score

- **Score:** 38 / 100
- **Score date:** 2026-08-05
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 11.6 (of 4199 scored stocks)
- **Confidence:** 87%
- **Data coverage:** 74%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 1.1 | 15% |
| growth | 27.68 | 15% |
| momentum | 27.53 | 15% |
| ownership | 50 | 10% |
| quality | 64.28 | 25% |
| valuation | 49.38 | 20% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.37 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -1.82% over last 3 years.
- Earnings include an other income of Rs.7.83 Cr.
- Promoter holding has decreased over last 3 years: -19.1%
- Working capital days have increased from 120 days to 349 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 472.38% | 229.34% | — |
| ebitda margin growth | -52.5% | -34.46% | -43.53% | -79.33% |
| net income growth | -71.43% | -112.89% | -40% | -85.59% |
| revenue growth | 17.39% | -35.05% | 9% | 14.43% |
| roce | -51.49% | -23.64% | -69.76% | 11.82% |
| roe | -73.81% | 729.52% | 1.88% | -156.6% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.65 | 9.87 | 17.46 | 17.82 | 21.83 | 14.12 | 13.49 | 14.18 |
| Expenses | 10.18 | 5.35 | 21.93 | 11.02 | 20.92 | 16.06 | 13.96 | 10.63 |
| Operating Profit | 1.47 | 4.52 | -4.47 | 6.8 | 0.91 | -1.94 | -0.47 | 3.55 |
| OPM % | 12.62 | 45.8 | -25.6 | 38.16 | 4.17 | -13.74 | -3.48 | 25.04 |
| Other Income | 0.33 | 1.86 | 1.38 | 2.31 | 2.16 | 4.5 | 3.89 | 3.94 |
| Interest | 1.21 | 1.59 | 2.02 | 1.77 | 1.29 | 4.88 | 3.86 | 3.06 |
| Depreciation | 0 | 1.01 | 2.28 | -0.08 | 1.38 | 1.85 | 1.72 | 1.78 |
| Profit before tax | 0.59 | 3.78 | -7.39 | 7.42 | 0.4 | -4.17 | -2.16 | 2.65 |
| Tax % | 0 | 31.48 | -2.98 | 10.11 | 47.5 | -4.8 | 0.46 | 0 |
| Net Profit | 0.59 | 2.59 | -7.17 | 6.68 | 0.21 | -3.97 | -2.16 | 2.64 |
| EPS in Rs | 1.74 | 1.52 | -3.08 | 2.87 | 0.09 | -1.61 | -0.92 | 1.21 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 13.72 | 21.51 | 35.28 | 35.95 | 27.67 |
| Expenses | 8.08 | 15.51 | 32.95 | 36.06 | 24.57 |
| Operating Profit | 5.64 | 6 | 2.33 | -0.11 | 3.1 |
| OPM % | 41.11 | 27.89 | 6.6 | -0.31 | 11.2 |
| Other Income | 0.3 | 2.19 | 3.69 | 5.79 | 7.83 |
| Interest | 0.72 | 2.22 | 3.78 | 6.21 | 6.93 |
| Depreciation | 0.69 | 1.59 | 2.2 | 3.24 | 3.5 |
| Profit before tax | 4.53 | 4.38 | 0.04 | -3.77 | 0.5 |
| Tax % | 24.28 | 27.17 | 1325 | -0.27 | 2 |
| Net Profit | 3.43 | 3.18 | -0.49 | -3.76 | 0.49 |
| EPS in Rs | 11.76 | 1.87 | -0.21 | -1.53 | 0.29 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.46 | 17 | 23.29 | 23.29 | 23.29 |
| Reserves | 13.14 | 3.68 | 23.41 | 19.65 | 20.33 |
| Borrowings | 7.05 | 37.36 | 38.41 | 100.17 | 76.22 |
| Other Liabilities | 3.87 | 7.08 | 6.28 | 7.26 | 6.3 |
| Total Liabilities | 25.52 | 65.12 | 91.39 | 150.37 | 126.14 |
| Fixed Assets | 14.23 | 22.22 | 35.5 | 37.04 | 39.3 |
| CWIP | 0 | 2.5 | 0.88 | 1.92 | 0 |
| Investments | 2.45 | 5.65 | 7.3 | 6.75 | 4.35 |
| Other Assets | 8.84 | 34.75 | 47.71 | 104.66 | 82.49 |
| Total Assets | 25.52 | 65.12 | 91.39 | 150.37 | 126.14 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.76 | -15.95 | -5.54 | 20.63 | 24.85 |
| Cash from Investing Activity | -9.51 | -15.27 | -13.31 | -0.24 | 6.87 |
| Cash from Financing Activity | 9.86 | 31.26 | 19.77 | -21.36 | -30.87 |
| Net Cash Flow | -1.41 | 0.05 | 0.92 | -0.96 | 0.85 |
| Free Cash Flow | -5.79 | -22.65 | -16.01 | 15.17 | 21 |
| CFO/OP | -18 | -235 | -238 | -18782 | 700 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 39.11 | 110.3 | 145.67 | 82.14 | 94.71 |
| Inventory Days | — | — | — | — | 0 |
| Cash Conversion Cycle | 39.11 | 110.3 | 145.67 | 82.14 | 94.71 |
| Working Capital Days | 9.05 | 302.72 | 108.01 | -97.37 | 348.77 |
| ROCE % | — | 16.56 | 5.06 | 2.9 | 5.65 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.98% | 58.98% | 59.28% | 59.27% | 45.25% | 61.11% | 61.53% | 61.53% | 61.74% | 61.74% | 61.74% | 61.74% |
| FIIs | 3.12% | 3.12% | 1.88% | 1.15% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 3.13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 20.26% | 20.5% | 21.49% | 23.4% | 24.02% | 19.79% | 19.15% | 20.5% | 21.41% | 21.32% | 23.71% | 23.95% |
| Others | 17.64% | 14.27% | 17.35% | 16.18% | 30.73% | 19.1% | 19.32% | 17.97% | 16.85% | 16.94% | 14.55% | 14.31% |
| No. of Shareholders | 916 | 912 | 895 | 908 | 863 | 704 | 693 | 690 | 710 | 684 | 674 | 668 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.63 | Sell |
| EMA (10) | 7.63 | Sell |
| SMA (20) | 8.54 | Sell |
| EMA (20) | 8.27 | Sell |
| SMA (50) | 9.36 | Sell |
| EMA (50) | 9.17 | Sell |
| SMA (100) | 10.16 | Sell |
| EMA (100) | 10.48 | Sell |
| SMA (200) | 13.23 | Sell |
| EMA (200) | 13.92 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 30.29 | Neutral |
| MACD (12,26,9) | -0.75 | Sell |
| Stochastic (14,3,3) | 7.37 | Buy |
| ADX (14) | 23.55 | Neutral |
| Williams %R (14) | -94.29 | Buy |
| ATR (14) | 0.37 | High Volatility |
| ROC (12) | -15.24 | Sell |
| Stoch RSI (14) | 4.69 | Buy |
| UO (7,14,28) | 31.12 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Tridhya Tech published 9th AGM notice for September 29, 2026 via VC/OAVM. | [Copy of Newspaper Publication 8 Sep - Tridhya Tech published 9th AGM notice for September 29, 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/TRIDHYA_08092026183149_Newspaperpublicationsigned.pdf) |
| 7 Sep - 9th AGM on 29 Sep 2026; annual report and related party transaction approvals sought. | [Shareholders meeting 7 Sep - 9th AGM on 29 Sep 2026; annual report and related party transaction approvals sought.](https://nsearchives.nseindia.com/corporate/TRIDHYA_07092026195639_Noticesigned.pdf) |
| 7 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/TRIDHYA_07072026180131_Reg74_5_signed.pdf) |
| 7 January 2026 - Certificate under Regulation 74(5) confirming dematerialisation for quarter ended 31 December 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - Certificate under Regulation 74(5) confirming dematerialisation for quarter ended 31 December 2025.](https://nsearchives.nseindia.com/corporate/TRIDHYA_07012026191206_Reg74_5__tridhya.pdf) |
| 7 April 2026 - Regulation 74(5) certificate submitted for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Regulation 74(5) certificate submitted for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/TRIDHYA_07042026192321_Reg74_5_signed.pdf) |
| 5 Sep - Board approved FY26 report, AGM on 29 September 2026, auditors, and related party transactions. | [Updates 5 Sep - Board approved FY26 report, AGM on 29 September 2026, auditors, and related party transactions.](https://nsearchives.nseindia.com/corporate/TRIDHYA_05092026185621_BMoutcomesigned.pdf) |
| 5 Sep - Board approved FY26 report, AGM on 29 Sept 2026, auditor appointments, and related party transactions. | [Outcome of Board Meeting 5 Sep - Board approved FY26 report, AGM on 29 Sept 2026, auditor appointments, and related party transactions.](https://nsearchives.nseindia.com/corporate/TRIDHYA_05092026184317_BMoutcomesigned.pdf) |
| 5 Sep - Board approved AGM notice for 29 Sept 2026, auditor appointments, and related party transactions. | [Appointment 5 Sep - Board approved AGM notice for 29 Sept 2026, auditor appointments, and related party transactions.](https://nsearchives.nseindia.com/corporate/TRIDHYA_05092026184723_BMoutcomesigned.pdf) |
| 5 Jun - Promoters disclose FY26 shareholding and confirm no encumbrance on Tridhya Tech shares. | [Disclosure under SEBI Takeover Regulations 5 Jun - Promoters disclose FY26 shareholding and confirm no encumbrance on Tridhya Tech shares.](https://nsearchives.nseindia.com/corporate/team_bbodade_25052026170758_TRIDHYA.pdf) |
| 31 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results announcement. | [Trading Window 31 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results announcement.](https://nsearchives.nseindia.com/corporate/TRIDHYA_31032026181140_Tradingwindowclosure.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31774_TRIDHYA_2025_2026_A_27922374_07092026193603.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28474_TRIDHYA_2024_2025_A_5432221_04092025191508.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26055_TRIDHYA_2023_2024_06092024195147.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23751_TRIDHYA_2022_2023_07092023161920_09072023170000.zip) |

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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 2026-09-13T18:50:11.283Z.