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Marushika Tech.

Q4 FY26IT - Hardware

Marushika Tech. Q4 FY26: Revenue ₹116.43 Cr

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹118
Market cap₹101 Cr
P/E11.2
Updated16 Oct 2026
Read4 min read

What the Q4 FY26 call signalled

3 of 4 strong

RevenueModerate growth
MarginMargins up
CapexCapex planned
Order bookOrder book rising

The short version

Marushika Technology expects continued strong growth supported by government policies favoring data centers, cyber security, cloud infrastructure, and digital transformation. Marushika Technology expects continued strong revenue growth driven by expanding in data centers, cyber security, LMS, SaaS, defense, and other high-margin technology solutions.

From Marushika Tech.'s Q4 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • Marushika Technology expects continued strong growth supported by government policies favoring data centers, cyber security, cloud infrastructure, and digital transformation.
  • Revenue growth for FY26 reached ₹116.43 crores, a 36.6% YoY increase; service revenue notably grew from ₹17.44 crores to ₹49.61 crores.
  • The company targets crossing ₹500 crore in top-line revenue in the near future, with expansion into new verticals and partnerships.
  • New segments like LMS, SaaS, defense auto tech, and AI-based solutions (via Graymatics partnership) are forecasted to contribute significantly.
  • Order book is robust with ₹35 crores already lined up for FY27.

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • The company is expanding its portfolio by adding new verticals such as Learning Management System (LMS) and SaaS platforms, data center solutions (including electronic assets like servers, storage, switches), and managed services.
  • They are actively pursuing strategic partnerships, particularly in AI-based video analytics and data center projects, to enhance their offerings.
  • Discussions are ongoing with major firms for partnerships related to data center electronics.
  • Focus areas for capital investment likely include digital infrastructure enhancing data center capabilities, cyber security, cloud infrastructure services, and AI-enabled digital platforms.

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Top-ranked in IT - Hardware

Ranked on what management guided this quarter

Guidance-ranked
Rev 2Mar 3
2Control Print
Rev 3Mar 2
3
Rev 3Mar 3
4
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
  • As of April and May FY27, Marushika Technology has already achieved ₹14 crores of turnover.
  • The company currently holds a strong order book exceeding ₹35 crores.
  • This indicates a robust executable pipeline for FY27, supporting expected growth.
  • The management's focus on government, PSU, and large system integrator projects contributes to this strong order book.

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Frequently Asked Questions

What were Marushika Tech. Q4 FY26 results?

Marushika Technology expects continued strong growth supported by government policies favoring data centers, cyber security, cloud infrastructure, and digital transformation. Marushika Technology expects continued strong revenue growth driven by expanding in data centers, cyber security, LMS, SaaS, defense, and other high-margin technology solutions.

What is Marushika Tech. share price analysis?

Marushika Tech. currently shows a below-average growth signal. The stock trades at a P/E of 11.2 with a market cap of ₹101 Cr. Investors should review the full earnings analysis for detailed insights.

Is Marushika Tech. planning capital expenditure?

The company is expanding its portfolio by adding new verticals such as Learning Management System (LMS) and SaaS platforms, data center solutions (including electronic assets like servers, storage, switches), and managed services.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.