Kore Digital Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹29 Cr
- P/E
- 0.81
- ROE
- 28.60%
- Price to sales
- 0.08
- Debt to equity
- 0.04
- 52W high / low
- ₹191 / ₹21.9
- EBITDA margin
- 13.94%
- Net profit margin
- 8.95%
- Promoter holding
- 63.86%
- Sales (last year)
- ₹408 Cr
Incorporated in 2009, Kore Digital Ltd is in the business of Telecom and Communication Infrastructure[1]
Guidance scorecard · Q4 FY26 call
What Kore Digital Ltd's management guided
and where it ranks in Telecom - Services
Telecom - Services
RevenueQ1 FY26 call
20–40%- Kore Digital projects a revenue opportunity of Rs. 700 crores for FY '26, with a possibility to reach up to Rs. 1,000 crores depending on project approvals and execution.
- The Samruddhi Mahamarg optical fiber corridor project is expected to start contributing revenue from December 2025, with major revenue from BTS poles expected to increase cash flow significantly by FY '27.
- The company guarantees a 50% growth rate in sales/revenue for FY '27, with 100% growth being an optimistic possibility.
- Defense sector entry is poised for growth with innovative metal 3D printing technology, expecting initial orders around Rs. 7-10 crores and potential for a large market.
2 more points from Kore Digital Ltd's call on revenue
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MarginsQ1 FY26 call
FlatSee what Kore Digital Ltd said on margins — free account, 30 seconds.
CapexQ1 FY26 call
Planned- Kore Digital plans significant CAPEX in defense manufacturing, with an estimated Rs. 150 crores to be raised via bank debt or investors.
- Government of India guarantees Rs. 100 crores to banks for factory and machinery loans, easing capital raise.
- Planned factory setup for metal 3D printing and defense manufacturing expected by January-February 2026.
- Initial defense product orders expected around Rs. 7-10 crores; production scale-up to follow.
- Continued investment in telecom infrastructure, including Samruddhi Mahamarg optical fiber corridor and metro connectivity projects.
2 more points from Kore Digital Ltd's call on capex
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FundraisingQ1 FY26 call
PlannedSee what Kore Digital Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY26 call
Rising- Kore Digital Limited has a current project pipeline of Rs. 400 crores under execution.
- The company anticipates a revenue opportunity of Rs. 1,000 crores in FY '26.
- The Samruddhi project is progressing well, with milestone-based revenue expected to start from December 2025.
- Revenue from the Samruddhi project is currently mainly from earthwork on service roads, with major revenue expected from BTS poles and underground ducts in the coming months.
- Additional large telecom tenders are in the pipeline, with results expected in the next quarter.
2 more points from Kore Digital 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 Telecom - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Telecom - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹39,185 Cr | 68.4 | |
| 2 | 40%+ | Flat | ₹3,509 Cr | 11.7 | |
| 3 | 40%+ | Flat | ₹3,372 Cr | 15.5 | |
| 4 | 20–40% | Flat | ₹11.94L Cr | 38.2 | |
| 5 | 20–40% | Flat | ₹81,095 Cr | 43.9 | |
| 6 | 20–40% | Flat | ₹52,416 Cr | 41.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Telecom - Services rankingFinancials of Kore Digital Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kore Digital Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|
| Sales + | 119 | 116 | 157 | 101 |
| Expenses + | 100 | 99 | 137 | 85 |
| Operating Profit | 19 | 17 | 20 | 16 |
| OPM % | 16% | 15% | 13% | 16% |
| Other Income + | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 |
| Profit before tax | 17 | 15 | 18 | 15 |
| Tax % | 25% | 21% | 24% | 25% |
| Net Profit + | 13 | 12 | 14 | 11 |
| EPS in Rs | 10.38 | 9.74 | 11.24 | 8.95 |
Financials of Kore Digital Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| Sales + | 104 | 328 | 494 |
| Expenses + | 88 | 280 | 421 |
| Operating Profit | 16 | 47 | 73 |
| OPM % | 15% | 14% | 15% |
| Other Income + | 2 | 0 | 0 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 5 | 8 |
| Profit before tax | 16 | 42 | 65 |
| Tax % | 30% | 24% | |
| Net Profit + | 11 | 32 | 49 |
| EPS in Rs | 9.58 | 26.74 | 40.31 |
| Dividend Payout % | 0% | 0% |
Financials of Kore Digital Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 4 | 12 | 12 |
| Reserves | 71 | 94 | 119 |
| Borrowings + | 1 | 7 | 6 |
| Other Liabilities + | 77 | 133 | 175 |
| Total Liabilities | 153 | 246 | 312 |
| Fixed Assets + | 10 | 39 | 36 |
| CWIP | 0 | 24 | 24 |
| Investments | 0 | 0 | 0 |
| Other Assets + | 142 | 183 | 252 |
| Total Assets | 153 | 246 | 312 |
Financials of Kore Digital Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Cash from Operating Activity + | -8 | 13 |
| Cash from Investing Activity + | -8 | -57 |
| Cash from Financing Activity + | 56 | 5 |
| Net Cash Flow | 40 | -38 |
| Free Cash Flow | -16 | -44 |
| CFO/OP | -45% | 50% |
Financials of Kore Digital Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 173 | 156 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 173 | 156 |
| Working Capital Days | 84 | 47 |
| ROCE % | 45% |
Guidance history
How Kore Digital Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY25 call → | 40%+ | Flat | Planned | None planned | Rising |
| Q2 FY25 call → | 40%+ | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Kore Digital Ltd's management said in earlier quarters
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