Mahaveer Infoway Limited

About

Mahaveer Infoway Limited provides technology-oriented solutions in India. The company offers consulting and information technology (IT) services, including software development, product and application testing, packaged software integration, system maintenance, and engineering design services; product development and creation of software; cloud migration; and custom development. It also provides development services, such as Ms. Net, Java/J2EE, and SharePoint; and mobile enablement services comprising Android, BlackBerry, Symbian/Ovi, Windows Mobile, iPhone, and J2ME platforms. In addition, the company offers a range of testing services, including consulting, security, performance engineering, software validation, engagement model, and test automation, as well as tool services. Further, it provides networking, software testing, offshore staffing, real estate development, training, and financial services; and distributes IT and telecom products. The company serves insurance, banking and financial services, manufacturing, telecommunications, transportation, and engineering industries. Mahaveer Infoway Limited was incorporated in 1991 and is headquartered in Hyderabad, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	0.00	0.51	0.68	0.67	0.75	0.25	0.64	1.02	0.83	0.58	1.60	1.67	1.57
Expenses	0.17	1.02	0.60	0.61	0.59	0.60	0.46	0.80	0.75	1.66	1.35	1.44	1.41
Operating Profit	-0.17	-0.51	0.08	0.06	0.16	-0.35	0.18	0.22	0.08	-1.08	0.25	0.23	0.16
OPM %	—	-100.00	11.76	8.96	21.33	-140.00	28.12	21.57	9.64	-186.21	15.62	13.77	10.19
Other Income	0.07	1.23	0.00	0.00	0.00	0.28	0.00	0.00	0.00	0.29	0.00	0.00	0.00
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.02	0.02	0.02
Interest	0.00	-0.01	0.00	0.00	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Profit before tax	-0.13	0.70	0.05	0.03	0.10	-0.13	0.12	0.16	0.02	-0.86	0.20	0.18	0.11
Tax %	0.00	34.29	0.00	0.00	0.00	76.92	0.00	0.00	0.00	1.16	0.00	0.00	0.00
Net Profit	-0.13	0.46	0.05	0.03	0.10	-0.24	0.13	0.16	0.02	-0.86	0.19	0.17	0.10
EPS in Rs	-0.24	0.83	0.09	0.05	0.18	-0.44	0.24	0.29	0.04	-1.56	0.34	0.31	0.18

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	2.61	2.73	5.41	4.11	3.04	1.24	2.20	1.68	2.28	11.04	25.81	55.96
Expenses	2.83	2.59	5.85	3.57	2.58	1.26	2.35	2.29	2.43	14.39	29.74	61.21
Operating Profit	-0.22	0.14	-0.44	0.54	0.46	-0.02	-0.15	-0.61	-0.15	-3.35	-3.93	-5.25
OPM %	-8.43	5.13	-8.13	13.14	15.13	-1.61	-6.82	-36.31	-6.58	-30.34	-15.23	-9.38
Other Income	1.23	0.28	0.29	-0.55	0.00	-0.14	0.00	0.42	0.18	3.63	4.67	6.31
Interest	0.02	0.13	0.13	0.16	0.16	0.23	0.32	0.36	0.49	0.64	0.61	0.69
Depreciation	0.12	0.12	0.11	0.06	0.07	0.07	0.09	0.09	0.10	0.06	0.08	0.09
Profit before tax	0.87	0.17	-0.39	-0.23	0.23	-0.46	-0.56	-0.64	-0.56	-0.42	0.05	0.28
Tax %	27.59	58.82	2.56	34.78	13.04	2.17	-12.50	1.56	1.79	2.38	-20.00	39.29
Net Profit	0.64	0.08	-0.39	-0.31	0.21	-0.47	-0.48	-0.65	-0.57	-0.42	0.06	0.17
EPS in Rs	1.16	0.15	-0.71	-0.56	0.38	-0.85	-0.87	-1.18	-1.03	-0.76	0.11	0.31
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51
Reserves	-0.84	-1.48	-1.56	-1.17	-0.85	-1.06	-0.59	-0.11	0.54	1.10	1.52	1.46
Borrowings	0.00	1.51	1.72	1.35	1.98	2.93	3.63	3.36	4.00	5.52	5.87	5.80
Other Liabilities	1.84	1.76	1.78	2.99	1.59	0.36	0.27	0.97	0.76	2.26	0.56	2.65
Total Liabilities	6.51	7.30	7.45	8.68	8.23	7.74	8.82	9.73	10.81	14.39	13.46	15.42
Fixed Assets	1.04	1.16	1.28	1.20	1.29	1.34	1.33	1.36	1.30	0.25	0.31	0.35
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.14	1.14	1.42
Investments	0.05	0.32	0.32	0.58	1.07	1.07	1.78	1.78	2.39	2.03	2.03	1.75
Other Assets	5.42	5.82	5.85	6.90	5.87	5.33	5.71	6.59	7.12	10.97	9.98	11.90
Total Assets	6.51	7.30	7.45	8.68	8.23	7.74	8.82	9.73	10.81	14.39	13.46	15.42

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-0.53	-0.10	-0.28	0.70	1.12	-0.44	0.31	0.00	1.95	0.25	0.77	1.36
Cash from Investing Activity	0.56	0.28	0.34	0.50	-0.02	0.72	0.00	0.55	-0.36	0.12	0.00	-0.77
Cash from Financing Activity	-0.03	-0.13	-0.57	-0.74	-1.09	-0.28	-0.29	-0.58	-1.99	-0.95	-0.53	-0.24
Net Cash Flow	0.00	0.05	-0.51	0.46	0.01	0.00	0.02	-0.03	-0.40	-0.58	0.24	0.36
Free Cash Flow	-0.53	-0.10	-0.46	0.70	1.10	-0.44	0.31	-0.17	1.94	0.25	1.02	0.49
CFO/OP %	123.00	-14.00	52.00	148.00	243.00	2,200.00	-207.00	0.00	-1,300.00	-7.00	-20.00	-26.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	15.38	102.95	31.71	92.36	160.89	423.87	283.70	469.29	324.98	106.46	43.98	37.37
Inventory Days	547.50	365.00	116.28	305.22	369.17	600.80	399.35	335.45	425.83	128.70	36.49	16.93
Days Payable	15.21	10.14	22.61	15.73	0.00	80.75	38.65	67.79	79.08	63.29	4.10	11.71
Cash Conversion Cycle	547.67	457.81	125.38	381.84	530.06	943.92	644.41	736.95	671.73	171.86	76.36	42.59
Working Capital Days	475.48	322.22	150.45	174.95	261.74	571.05	283.70	475.80	368.20	90.26	36.91	18.78
ROCE %	17.43	5.35	-4.58	9.25	5.56	-1.00	-2.77	-2.98	-0.63	1.76	5.14	7.76

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	47.07	47.07	47.07	47.07	47.07	47.07	47.07	47.07	47.07	47.07	47.07	47.07
Public	52.92	52.93	52.93	52.92	52.92	52.93	52.92	52.92	52.92	52.92	52.92	52.92
No. of Shareholders	2,546	2,613	2,653	2,650	2,636	2,654	2,569	2,321	2,230	1,979	1,581	1,588