Esconet Technologies Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹488 Cr
- P/E
- 80.86
- ROE
- 8.03%
- PEG
- 2.93
- Price to sales
- 1.38
- Debt to equity
- 0.17
- 52W high / low
- ₹369 / ₹91.2
- EBITDA margin
- 2.49%
- Net profit margin
- 1.65%
- Promoter holding
- 59.15%
- Sales (last year)
- ₹354 Cr
Incorporated in 2012, Esconet Technologies Ltd is a system integrator in the IT infrastructure, cloud computing, managed services and data security sectors[1]
Guidance scorecard · Q2 FY27 call
What Esconet Technologies Ltd's management guided
and where it ranks in IT - Hardware
RevenueQ1 FY27 call
0–10%- FY26-27 revenue growth is not expected to be significantly higher than the previous year; focus will be on margin expansion rather than top-line growth.
- Zeacloud revenue is expected to remain flat around ₹5-5.5 crores, with growth being insignificant in the overall consolidated revenue.
- HexaData is growing and scaling, contributing significantly to revenue and margin expansion.
- The company intends to prioritize profitability and operational efficiency over sales volume increases.
- The order book model is short-term with execution cycles typically 60-90 days; order book size is around ₹20-25 crores as of June 30.
2 more points from Esconet Technologies Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Esconet Technologies Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- No plans to raise any funds in the current financial year (FY2026-27).
- The company is focusing on margin improvement rather than top-line growth this year.
- Capital investments are ongoing, particularly in inventory, which has been increasing quarter over quarter.
- Continuous development and maintenance costs, especially for Zeacloud software, are being incurred (researched as revenue expense currently).
2 more points from Esconet Technologies Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Esconet Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Esconet does not maintain a traditional order book model due to the short execution timeframe of orders (typically 60-90 days from proposal submission to fulfillment).
- As of 30th June, estimated order book stood around ₹20-25 crores.
- The company operates on a run-rate basis with ongoing orders rather than long-term order books.
2 more points from Esconet Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Hardware
on management's own guidance
- Marushika Tech.Moderate growth2
- Rashi Peripherals LtdGood growth1
- Control PrintModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Hardware companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Rashi Peripherals Ltd | 20–40% | Flat | ₹5,753 Cr | 18.0 |
| 2 | Marushika Tech. | 10–20% | Up 2%+ | ₹101 Cr | 11.2 |
| 3 | Control Print | 10–20% | Up 0–2% | ₹947 Cr | 24.3 |
| 4 | 10–20% | Flat | ₹734 Cr | — | |
| 5 | 10–20% | Flat | ₹149 Cr | 20.2 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Hardware rankingFinancials of Esconet Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Esconet Technologies Ltd
Shareholding breakup across reporting periods.
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 64.94% | 64.94% | 64.94% | 61.30% | 61.30% | 60.82% | 60.09% | 60.09% | 60.19% | 60.19% | 59.15% |
| FIIs + | 5.20% | 0.34% | 0.05% | 0.04% | 0.04% | 0.15% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| DIIs + | 2.68% | 0.08% | 0.08% | 0.07% | 0.00% | 0.44% | 0.41% | 0.41% | 0.00% | 0.00% | 0.34% |
| Public + | 27.18% | 34.65% | 34.93% | 38.59% | 38.66% | 38.58% | 39.37% | 39.37% | 39.69% | 39.69% | 40.38% |
| No. of Shareholders | 922 | 1,763 | 1,832 | 2,215 | 2,312 | 2,460 | 2,698 | 2,872 | 2,963 | 2,863 | 2,744 |
Financials of Esconet Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2026 | Sep 2026 | |
|---|---|---|
| Sales + | 116 | 242 |
| Expenses + | 108 | 223 |
| Operating Profit | 8 | 19 |
| OPM % | 7% | 8% |
| Other Income + | 2 | 1 |
| Interest | 0 | 0 |
| Depreciation | 1 | 1 |
| Profit before tax | 9 | 19 |
| Tax % | 28% | 25% |
| Net Profit + | 6 | 14 |
| EPS in Rs | 4.99 | 10.81 |
Financials of Esconet Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales + | 95 | 141 | 230 | 354 |
| Expenses + | 89 | 131 | 220 | 346 |
| Operating Profit | 6 | 10 | 10 | 9 |
| OPM % | 6% | 7% | 4.4% | 2.5% |
| Other Income + | 0 | 0 | 3 | 3 |
| Interest | 1 | 2 | 1 | 1 |
| Depreciation | 1 | 1 | 2 | 2 |
| Profit before tax | 4 | 7 | 11 | 9 |
| Tax % | 32% | 27% | 25% | 31% |
| Net Profit + | 3 | 5 | 8 | 6 |
| EPS in Rs | 3.61 | 4.39 | 6.11 | 4.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Esconet Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.77 | 12 | 13 | 13 | 13 |
| Reserves | 5 | 25 | 57 | 67 | 86 |
| Borrowings + | 11 | 5 | 1 | 13 | 2 |
| Other Liabilities + | 12 | 33 | 46 | 62 | 150 |
| Total Liabilities | 29 | 75 | 117 | 156 | 251 |
| Fixed Assets + | 2 | 3 | 5 | 18 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 5 |
| Other Assets + | 27 | 72 | 112 | 137 | 228 |
| Total Assets | 29 | 75 | 117 | 156 | 251 |
Financials of Esconet Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -2 | -1 | 2 | -9 |
| Cash from Investing Activity + | -0 | -1 | -3 | -16 |
| Cash from Financing Activity + | 2 | 18 | 20 | 16 |
| Net Cash Flow | 0 | 15 | 19 | -9 |
| Free Cash Flow | -2 | -3 | -2 | -16 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -9% | 6% | 46% | -71% |
Financials of Esconet Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 49 | 97 | 83 | 46 |
| Inventory Days | 43 | 46 | 35 | 61 |
| Days Payable | 50 | 95 | 77 | 65 |
| Cash Conversion Cycle | 41 | 49 | 41 | 42 |
| Working Capital Days | 25 | 52 | 48 | 36 |
| ROCE % | 31% | 20% | 12% |
Guidance history
How Esconet Technologies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | None planned | None planned | — |
| Q4 FY25 call → | 20–40% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Esconet Technologies Ltd's management said in earlier quarters
Others in IT - Hardware this season
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Consolidated Revenue for Q2 FY 2027 (Quarter ended 30-Sep-26):** ₹11,908.32 lakhs . Key results statement takeaways from Moschip Technologies Ltd's Q2 FY27 resu
- Control Print Ltd (Q2 FY27)
Q2FY27 Income from Operations (Consolidated): ₹1,442.2 mn, up 28.8% YoY from ₹1,119.6 mn in Q2FY26. Key investor presentation takeaways from Control Print Ltd's
- Smartlink Holdings Ltd (Q2 FY27)
Year-on-year growth:** Approximately 14.4% increase in revenue (8,037.18 vs 7,026.87 lakhs) . Key results statement takeaways from Smartlink Holdings Ltd's Q2 F
- DC Infotech & Communication Ltd (Q2 FY26)
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