Brainbees Solutions Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Brainbees Solutions Ltd trades at ₹212, in a downtrend and 101 weeks into that stage. That is −21.4% against its own 200-day average. It sits at 0% of a 52-week range of ₹212 to ₹401. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (11 weeks and counting).

Today the stock is in a downtrend — week 101 of stage 4, confirmed. At ₹212 it trades −21.4% versus its 200-day average and sits at 0% of its 52-week range (₹212–₹401).

Against the market, two honest reads. Cumulative: over the last 1.9 years the stock moved −68% while the NIFTY 500 moved +0% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (11 weeks and counting; last ahead the week of 2026-06-04) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: how the P/E reads against its own history.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Brainbees Solutions Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Brainbees Solutions Ltd at 1.3× its FY26 revenue of ₹8,548 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Brainbees Solutions Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

30.6/100 — rank 6 of 6 in New age - Platform - E-Retail · 62% evidence confidence

Brainbees Solutions Ltd scores 30.6 out of 100 against the 6 companies it is compared with in New age - Platform - E-Retail, ranking 6. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 12.5 + 8.1 + 10 + 0 = 30.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Brainbees Solutions Ltd reported ₹2,163 Cr of revenue in the Mar 26 quarter, +12.1% year on year. That is the 8th straight quarter of year-on-year growth. Over 8 years it has compounded at 49.8% a year. The last full year, FY26, came in at ₹8,548 Cr. The last four reported quarters add to ₹8,549 Cr.

Brainbees Solutions Ltd reported ₹2,163 Cr of revenue in the Mar 26 quarter, +12.1% year on year. That is the 8th straight quarter of year-on-year growth. Over 8 years it has compounded at 49.8% a year. The last full year, FY26, came in at ₹8,548 Cr. The last four reported quarters add to ₹8,549 Cr.

FY26 revenue came in at ₹8,548 Cr (+11.6% on the year), capping 8 years at 49.8% compound. The latest quarter (Mar 26) printed ₹2,163 Cr, +12.1% year on year — the 8th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +11.7% growth against the decade's 49.8% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +11.6% over the last 4 quarters against +14.9%/yr over the last 8 — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 3.0% this quarter (+2.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Brainbees Solutions Ltd's operating margin is 3.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 9 fiscal years the operating margin has ranged −186.0% to 3.0%. The current quarter sits inside that band.

Brainbees Solutions Ltd's operating margin is 3.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 9 fiscal years the operating margin has ranged −186.0% to 3.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 3.0%, +2.0 pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged −186.0%–3.0%, and FY26's 3.0% is the top of that band — a record year.

Why the margin moved: operating margin went +2.4 pp year on year while gross margin went −2.1 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

→ Margins held — did that reach the bottom line? Next: profit null in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Brainbees Solutions Ltd posted a net loss of ₹48.0 Cr in the Mar 26 quarter. The full FY26 year was a loss of ₹204 Cr. That loss is 2.2% of the quarter's revenue. The same quarter a year earlier lost ₹112 Cr. 12 of the last 12 reported quarters were loss-making.

Brainbees Solutions Ltd posted a net loss of ₹48.0 Cr in the Mar 26 quarter. The full FY26 year was a loss of ₹204 Cr. That loss is 2.2% of the quarter's revenue. The same quarter a year earlier lost ₹112 Cr. 12 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹−48.0 Cr, null year on year. On the full year, FY26 printed ₹−204 Cr (null).

→ Profit rose — but did the cash follow?

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Brainbees Solutions Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹365 Cr of operating cash against ₹−204 Cr of profit. After ₹402 Cr of capital spending, ₹−37.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹365 Cr against reported profit of ₹−204 Cr, leaving free cash of ₹−37.0 Cr after ₹402 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 81-day cycle and ₹1,235 Cr of building.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Brainbees Solutions Ltd's cash conversion cycle runs 81 days in FY26, down from 109 days in FY21. Capital spending ran ₹1,235 Cr over the last 3 years. At FY26 sales of ₹8,548 Cr each day of that cycle holds about ₹23.4 Cr, so roughly ₹1,897 Cr sits inside the business at any moment.

FY26: debtors at 16 days, inventory at 133 days — roughly 4.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 81 days, tighter than FY21's 109.

The full loop: cash goes out to suppliers and production on day 0; stock waits 133 days to sell; customers pay about 16 days after that; and suppliers themselves are paid at 68 days — netting out to the 81-day cycle.

In money terms: at FY26 sales of ₹8,548 Cr, each day of the cycle holds about ₹23.4 Cr — so the 81-day loop keeps roughly ₹1,897 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹1,235 Cr over the last 3 fiscal years against ₹1,183 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹20.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 1%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Brainbees Solutions Ltd earns a ROCE of 1% in FY26. That is up from a trough of −89% in FY19. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −2.4% net margin on 0.95× asset turns.

FY26 ROCE is 1%, recovered from a FY19 trough of −89% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): −2.4% net margin × 0.95× asset turns × 1.87× balance-sheet leverage ≈ −4.3% on equity. Margin does its share; leverage is a meaningful part of the equation.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 48% on reported income across 12 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.33.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Brainbees Solutions Ltd carries ₹1,594 Cr of borrowings against ₹4,827 Cr of equity in FY26, a debt-to-equity of 0.33. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹214 Cr to ₹1,594 Cr. Capital spending ran ₹1,235 Cr across the last 3 of those years.

FY26: borrowings of ₹1,594 Cr against equity of ₹4,827 Cr — a debt-to-equity of 0.33. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹214 Cr to ₹1,594 Cr while capital spending ran ₹1,235 Cr in just the last 3 — part of the build-out is riding on borrowed money.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 48% on reported income across 12 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 5.9 points over 7 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 5.9 points of Brainbees Solutions Ltd over 7 quarters, the biggest move on the register. That takes domestic institutions to 22.7% of the company. Foreign institutions moved −5.5 points over the same window, to 3.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +5.9 points over 7 quarters to 22.7%; Foreign institutions: −5.5 points over 7 quarters to 3.6%.

Why the register moved: rotation — foreign institutions −5.5 points against domestic institutions +5.9 points over 7 quarters — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Brainbees Solutions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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