Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Silver Touch Technologies Ltd

SILVERTUC
IT - Software

Silver Touch Technologies Ltd's price has outrun its earnings. +177.8% in a year against EPS +61.1% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only 23% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a confirmed uptrend (36 weeks in) while the P/E sits at the 83rd percentile of its own 9-year range. Underneath, the last four quarters read improving — profit +44.4% year on year, and 23% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Consistent
fundamental trajectory, 12 quarters
Price
₹198
+177.8% 1Y
P/E
71.0×
83rd pctile
of its own 9-year range
Revenue (Mar 26)
₹101 Cr
+17.4% YoY
Profit (Mar 26)
₹13.0 Cr
+44.4% YoY
Operating margin
21.0%
+3.0 pp YoY
ROCE
29%
FY26
ROIC
20.8%
vs WACC 12.0% → +8.8 pp
Cash conversion
23%
of profit, last 3 FY
01 · Price story

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.

Silver Touch Technologies Ltd trades at ₹198, in a confirmed uptrend and 36 weeks into that stage. That is +45.5% against its own 200-day average. It sits at 99% of a 52-week range of ₹69 to ₹199. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 18 straight weeks.

Today the stock is in a confirmed uptrend — week 36 of stage 2, confirmed. At ₹198 it trades +45.5% versus its 200-day average and sits at 99% of its 52-week range (₹69–₹199).

Jul 26: ₹198 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+45.5% versus the 200-day line, week 36 of stage 2
Price50-day avg200-day avg
S2S4S2S3S2₹212₹164₹117₹69.0₹21.3₹198₹136Jul 23Apr 24Feb 25Nov 25Jul 26
S2S4S2S3S2₹212₹164₹117₹69.0₹21.3₹198₹136Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2017 Each cell is one week from 2017 to now (441 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Dec 17Jul 26

Against the market, two honest reads. Cumulative: over the last 8.6 years the stock moved +1,521% while the NIFTY 500 moved +160% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 18 straight weeks — 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: the P/E sits at the 83rd percentile of its own range.

02 · Valuation

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.

Silver Touch Technologies Ltd trades at 71.0× P/E, at the pricey end of its own range (83rd percentile). Its long-run median P/E is 49.8×, measured across 8.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 71.0× is at the pricey end of its own range (83rd percentile), against a long-run median of 49.8× measured over 8.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 71.0× vs a 49.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 8.6-year window; loss-period spikes above 149× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (83rd percentile)
P/EMedianEPS (TTM) (quarterly)
160.4×₹3.0120.5×₹2.380.5×₹1.540.5×₹0.80.0×₹0.0×71.00×₹3Dec 17Jan 20Aug 22Aug 24Jul 26
160.4×₹3.0120.5×₹2.380.5×₹1.540.5×₹0.80.0×₹0.0×71.00×₹3Dec 17Aug 22Jul 26
PEG 0.60 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Computed here as quarter-end P/E ÷ trailing-twelve-month EPS growth (only quarters with positive growth), because a reported quarterly PEG is not held for this stock. Last 12 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
1.6×1.3×1.0×0.7×0.4××0.60×Q1 FY24Q3 FY24Q2 FY25Q1 FY26Q4 FY26
1.6×1.3×1.0×0.7×0.4××0.60×Q1 FY24Q2 FY25Q4 FY26
P/E
71.0×
83rd percentile of 9y
PEG
n/m
not derivable — 3-year earnings growth unavailable

🚨 Why the multiple sits where it does: over the past year annual EPS moved +61.1% against a +177.8% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +86.2%/yr price move, ~+103.9%/yr came from earnings growth and ~−17.7 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full 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.

03 · Stage: Consistent

Stage: Consistent 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).

Silver Touch Technologies Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 31.7% and holding. The read is built from 12 quarters across 4 curves, on full evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
51%142%42%110%32%78%23%46%14%13%%%18.5%66.7%61.1%Jun 23Sep 24Mar 26
51%142%42%110%32%78%23%46%14%13%%%18.5%66.7%61.1%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
33%28%23%18%13%%31.7%Jun 23Sep 24Mar 26
33%28%23%18%13%%31.7%Jun 23Sep 24Mar 26
Revenue growth
Steady high
latest +18.5% · span +16.1% to +48.4%
Profit growth
Rising
latest +66.7% · span +22.2% to +133.3%
EPS growth
Rising
latest +61.1% · span +28.4% to +123.3%
ROCE
Rising
latest 31.7% · span 14.1%–31.7%

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

Growth, year by year: revenue +20.1% in FY26, profit +63.6% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
45%330%27%220%9.9%110%−7.4%0.0%−25%−111%%%20.1%63.6%FY16FY21FY26
45%330%27%220%9.9%110%−7.4%0.0%−25%−111%%%20.1%63.6%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+18.5%) with the last 8 annualized (+23.5%).
revenue rolling over, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
51%142%42%110%32%78%23%46%14%13%%%18.5%66.7%Jun 23Sep 24Mar 26
51%142%42%110%32%78%23%46%14%13%%%18.5%66.7%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+20.1%+28.3%+17.9%+9.5%
Profit+63.6%+53.3%+104.8%+28.2%
EPS+61.1%+54.8%+103.9%+17.8%
Share price+177.8%+73.5%+86.2%
Revenue YoY (Mar 26)
+17.4%
latest quarter vs a year ago
Profit YoY (Mar 26)
+44.4%
latest quarter vs a year ago
Revenue 10y
9.5%
long-run compound pace

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

04 · 4-Factor Sector Score

4-Factor Sector Score

72.2/100 — rank 1 of 63 in IT - Software · 89% evidence confidence

Silver Touch Technologies Ltd scores 72.2 out of 100 against the 63 companies it is compared with in IT - Software, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

The four contributions add to the total exactly: 27.7 + 18.4 + 10.3 + 15.8 = 72.2. 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.

05 · Revenue

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

Silver Touch Technologies Ltd reported ₹101 Cr of revenue in the Mar 26 quarter, +17.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.5% a year. The last full year, FY26, came in at ₹346 Cr. The last four reported quarters add to ₹346 Cr.

Silver Touch Technologies Ltd reported ₹101 Cr of revenue in the Mar 26 quarter, +17.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.5% a year. The last full year, FY26, came in at ₹346 Cr. The last four reported quarters add to ₹346 Cr.

FY26 revenue came in at ₹346 Cr (+20.1% on the year), capping 10 years at 9.5% compound. The latest quarter (Mar 26) printed ₹101 Cr, +17.4% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹346 Cr (+20.1% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
9.5% a year over 10 years
RevenueYoY growth
37445%28027%1879.9%93−7.4%0−25%₹ Cr%₹34620.1%FY16FY21FY26
37445%28027%1879.9%93−7.4%0−25%₹ Cr%₹34620.1%FY16FY21FY26
Mar 26: ₹101 Cr (+17.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
10985%8265%5544%2724%03.3%₹ Cr%₹10117.4%Jun 23Sep 24Mar 26
10985%8265%5544%2724%03.3%₹ Cr%₹10117.4%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +18.1% growth against the decade's 9.5% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +18.5% over the last 4 quarters against +23.5%/yr over the last 8 — rolling over; TTM profit +66.7% vs +47.9%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 21.0% this quarter (+3.0 pp YoY).

06 · Operating margin

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.

Silver Touch Technologies Ltd's operating margin is 21.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 3.0% to 18.0%. The current quarter is running above every full year in that window.

Silver Touch Technologies Ltd's operating margin is 21.0% in the Mar 26 quarter, +3.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 3.0% to 18.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 21.0%, +3.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.0%–18.0%, and FY26's 18.0% is the top of that band — a record year.

Why the margin moved: operating margin went +3.5 pp year on year while gross margin went +6.9 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.

FY26: 18.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a 3.0–18.0% band over 13 years
operating marginYoY change (pp)
19%5.7%15%3.1%11%0.5%6.2%−2.1%1.8%−4.7%%%18%5%FY12FY20FY26
19%5.7%15%3.1%11%0.5%6.2%−2.1%1.8%−4.7%%%18%5%FY12FY20FY26
Mar 26: 21.0% operating margin (+3.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
22%7.7%18%5.1%15%2.5%11%−0.1%7.0%−2.7%%%21%3%Jun 23Sep 24Mar 26
22%7.7%18%5.1%15%2.5%11%−0.1%7.0%−2.7%%%21%3%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +44.4% in the latest quarter.

07 · Net profit

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

Silver Touch Technologies Ltd earned ₹13.0 Cr of net profit in the Mar 26 quarter, +44.4% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹36.0 Cr. The 10-year compound rate is 28.2%. That is 12.9% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.

Silver Touch Technologies Ltd earned ₹13.0 Cr of net profit in the Mar 26 quarter, +44.4% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹36.0 Cr. The 10-year compound rate is 28.2%. That is 12.9% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.

Mar 26 profit was ₹13.0 Cr, +44.4% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹36.0 Cr (+63.6%), and the 10-year compound rate is 28.2%.

FY26 profit ₹36.0 Cr (+63.6% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
28.2% a year over 10 years
Net profitYoY growth
39546%29378%19210%1042%0−126%₹ Cr%₹3663.6%FY16FY21FY26
39546%29378%19210%1042%0−126%₹ Cr%₹3663.6%FY16FY21FY26
Mar 26: ₹13.0 Cr (+44.4% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
5th straight quarter of growth
Net profit (quarterly)YoY growth
14216%11158%7100%442%0−16%₹ Cr%₹1344.4%Jun 23Sep 24Mar 26
14216%11158%7100%442%0−16%₹ Cr%₹1344.4%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +17.4% and the margin +3.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +68.2% vs revenue +18.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 23% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

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.

Over the last 3 fiscal years 23% of Silver Touch Technologies Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹17.0 Cr of operating cash against ₹36.0 Cr of profit. After ₹−1.0 Cr of capital spending, ₹18.0 Cr was left as free cash.

FY26: operating cash of ₹17.0 Cr against reported profit of ₹36.0 Cr, leaving free cash of ₹18.0 Cr after ₹−1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 23% of profit.

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

FY26: CFO ₹17.0 Cr vs profit ₹36.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
23% of 3-year profit arrived as cash
Operating cashNet profitFree cash
41235−14−32₹ Cr₹17₹36₹18FY16FY21FY26
41235−14−32₹ Cr₹17₹36₹18FY16FY21FY26
FY26: CFO = 47% of profit (three-year rate 23%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
329%224%118%12%−93%%47%FY16FY21FY26
329%224%118%12%−93%%47%FY16FY21FY26

🚨 Why conversion sits at 23%: the cash cycle tightened 26 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 1.6× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹34.0 Cr of building over 3 years.

09 · Where the cash goes

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).

Silver Touch Technologies Ltd's cash conversion cycle runs −60 days in FY26, down from −34 days in FY21. Capital spending ran ₹34.0 Cr over the last 3 years. At FY26 sales of ₹346 Cr each day of that cycle holds about ₹0.9 Cr, so roughly ₹−57.0 Cr sits inside the business at any moment.

FY26: debtors at 121 days, inventory at 7 days — roughly 0.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −60 days, tighter than FY21's −34.

The full loop: cash goes out to suppliers and production on day 0; stock waits 7 days to sell; customers pay about 121 days after that; and suppliers themselves are paid at 188 days — netting out to the −60-day cycle.

In money terms: at FY26 sales of ₹346 Cr, each day of the cycle holds about ₹0.9 Cr — so the −60-day loop keeps roughly ₹−57.0 Cr sitting inside the business at any moment.

FY26: a −60-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−26 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
49728267−148−363days−60d7d121d188dFY12FY17FY20FY23FY26
49728267−148−363days−60d7d121d188dFY12FY20FY26

On the investment side: capital spending of ₹34.0 Cr over the last 3 fiscal years against ₹21.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹−1.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
2619124−3₹ Cr₹−1₹0FY16FY18FY21FY23FY26
2619124−3₹ Cr₹−1₹0FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 29% and the ROIC − WACC spread is +8.8 pp.

10 · Return on capital

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.

Silver Touch Technologies Ltd earns a ROCE of 29% in FY26. That is up from a trough of 3% in FY21. Return on invested capital clears the cost of that capital by +8.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 10.4% net margin on 1.17× asset turns.

FY26 ROCE is 29%, recovered from a FY21 trough of 3% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 10.4% net margin × 1.17× asset turns × 1.75× balance-sheet leverage ≈ 21.3% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 20.8% − 12.0% = a +8.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 29% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 3%
ROCEROIC (annual)WACC
31%24%16%8.5%0.9%%29%21.9%FY12FY20FY26
31%24%16%8.5%0.9%%29%21.9%FY12FY20FY26
Q4 FY26: ROCE 26.2% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
27%23%19%15%10%%26.2%20.6%Q4 FY23Q2 FY25Q4 FY26
27%23%19%15%10%%26.2%20.6%Q4 FY23Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.20.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Silver Touch Technologies Ltd carries total debt of ₹33.0 Cr against shareholder equity of ₹170 Cr as of Mar 26, a debt-to-equity of 0.19 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.19 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹33.0 Cr against shareholder equity of ₹170 Cr — a debt-to-equity of 0.19. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.19 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹33.0 Cr at 0.19× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
480.4×360.3×240.2×120.1×00.0×₹ Cr×₹330.19×FY22FY24FY26
480.4×360.3×240.2×120.1×00.0×₹ Cr×₹330.19×FY22FY24FY26
Mar 26: debt ₹33.0 Cr, debt-to-equity 0.19 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
520.35×390.28×260.22×130.15×00.08×₹ Cr×₹330.19×Dec 22Sep 24Mar 26
520.35×390.28×260.22×130.15×00.08×₹ Cr×₹330.19×Dec 22Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

12 · Ownership

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.

No holder of Silver Touch Technologies Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.3 points over the same window, to 74.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +0.5 points over 8 quarters to 0.5%; Promoters: +0.3 points over 8 quarters to 74.7%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

Fiscal-year ends: promoters +0.3 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
81%59%37%16%−6.0%%74.6%1.1%0%24.2%Mar 24Mar 25Mar 26
81%59%37%16%−6.0%%74.6%1.1%0%24.2%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
81%59%37%16%−6.0%%74.7%0.5%0%24.9%Jun 23Dec 24Jun 26
81%59%37%16%−6.0%%74.7%0.5%0%24.9%Jun 23Dec 24Jun 26

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

13 · 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.

Silver Touch Technologies 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.

Related companies · same sector · IT - Software Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Silver Touch Technologies Ltd this page71.0×₹2,538 CrTurning around
Tata Consultancy Services Ltd15.2×₹8.2L CrConsistent
Infosys Ltd13.6×₹4.2L CrConsistent
HCL Technologies Ltd19.0×₹3.4L CrMixed
Wipro Ltd13.3×₹1.8L CrTopping out
Tech Mahindra Ltd28.7×₹1.5L CrTopping out
LTM Ltd21.6×₹1.2L CrConsistent
Coforge Ltd40.0×₹65,726 CrMixed
Mphasis Ltd22.6×₹43,674 CrConsistent
Hexaware Technologies Ltd23.0×₹33,719 CrNo read
IDream Film Infrastructure Company Ltd₹17,180 CrNo read
Zensar Technologies Ltd15.1×₹11,511 CrTurning around
Sonata Software Ltd15.8×₹8,079 CrMixed
Tanla Platforms Ltd14.9×₹7,954 CrTurning around
Birlasoft Ltd14.8×₹7,896 CrTurning around
Seshaasai Technologies Ltd23.6×₹6,221 CrNo read
ASM Technologies Ltd103.0×₹6,206 CrNo read
AvenuesAI Ltd20.2×₹5,700 CrMixed
Mastek Ltd12.0×₹5,242 CrConsistent
Datamatics Global Services Ltd20.3×₹4,856 CrTopping out
Aurionpro Solutions Ltd21.0×₹4,562 CrMixed
Moschip Technologies Ltd141.0×₹4,508 CrMixed
Capillary Technologies India Ltd128.0×₹3,790 Cr
TechNVision Ventures Ltd984.0×₹3,563 CrNo read
Cigniti Technologies Ltd11.4×₹3,472 CrMixed
63 Moons Technologies Ltd₹3,264 CrNo read
ASM Technologies Ltd52.8×₹3,220 CrNo read
TechNVision Ventures Ltd14,485.0×₹3,187 CrNo read
R Systems International Ltd12.6×₹2,909 CrTurning around
Sasken Technologies Ltd48.1×₹2,765 CrImproving
BLS E-Services Ltd44.6×₹2,565 CrMixed
Saksoft Ltd16.3×₹2,231 CrMixed
Blue Cloud Softech Solutions Ltd31.2×₹1,889 CrMixed
Hypersoft Technologies Ltd440.0×₹1,798 CrNo read
Kody Technolab Ltd104.0×₹1,748 Cr
IZMO Ltd34.8×₹1,653 CrImproving
NINtec Systems Ltd50.3×₹1,610 CrMixed
Dynacons Systems & Solutions Ltd18.6×₹1,580 CrMixed
Magellanic Cloud Ltd13.6×₹1,568 CrMixed
InfoBeans Technologies Ltd18.0×₹1,526 CrMixed
12 · Frequently asked questions

Frequently asked questions

What is Silver Touch Technologies Ltd's share price today?

Silver Touch Technologies Ltd trades at ₹198, +177.8% over the past year. The company is valued at ₹2,538 Cr. The stock sits at 99% of its 52-week range of ₹69–₹199, +45.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 36 weeks in. — as of 24 July 2026.

What were Silver Touch Technologies Ltd's latest quarterly results?

Silver Touch Technologies Ltd reported revenue of ₹101 Cr and net profit of ₹13.0 Cr for the Mar 26 quarter. Revenue rose 17.4% and profit rose 44.4% year on year. Earnings per share were ₹1.04. The operating margin was 21.0%, 3.0 pp higher than a year earlier. — as of 24 July 2026.

What is Silver Touch Technologies Ltd's revenue?

Silver Touch Technologies Ltd reported revenue of ₹101 Cr in the Mar 26 quarter, +17.4% year on year. For the full FY26 fiscal year, revenue was ₹346 Cr (+20.1%). Over the last 10 years revenue compounded at 9.5% a year. — as of 24 July 2026.

What is Silver Touch Technologies Ltd's profit?

Silver Touch Technologies Ltd earned ₹13.0 Cr of net profit in the Mar 26 quarter, +44.4% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹36.0 Cr. The operating margin ran 21.0% in the latest quarter. — as of 24 July 2026.

What is Silver Touch Technologies Ltd's market cap?

Silver Touch Technologies Ltd's market capitalisation is ₹2,538 Cr at a share price of ₹198. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Silver Touch Technologies Ltd's P/E ratio?

Silver Touch Technologies Ltd trades at a P/E of 71.0×, at the 83rd percentile of its own 9-year range, against a long-run median of 49.8×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Silver Touch Technologies Ltd pay a dividend?

Not in its latest year — Silver Touch Technologies Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 12 of its last 13 reported fiscal years, so there is a history but no current dividend. — as of 24 July 2026.

Is Silver Touch Technologies Ltd overvalued?

On its own history, Silver Touch Technologies Ltd looks expensive against its own history: its P/E of 71.0× sits at the 83rd percentile of its 9-year range (long-run median 49.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.

Is Silver Touch Technologies Ltd growing?

Yes — Silver Touch Technologies Ltd is growing: latest-quarter revenue +17.4% year on year, profit +44.4%, and the margin +3.0 pp at 21.0%. The 10-year compound rates are 9.5% (revenue) and 28.2% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Silver Touch Technologies Ltd performing?

Silver Touch Technologies Ltd is in a confirmed uptrend, 36 weeks in. Its latest quarter's revenue rose 17.4% and profit rose 44.4% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 18 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Silver Touch Technologies Ltd in?

Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 31.7% and holding. The read comes from the last 12 quarters of growth (revenue growth +18.5% latest, profit growth +66.7% latest, eps growth +61.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Silver Touch Technologies Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 36 of stage 2), trading +45.5% versus its 200-day average and at 99% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Silver Touch Technologies Ltd beating the market?

On recent form, yes — Silver Touch Technologies Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 18 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 8.6 years the stock moved +1,521% against the NIFTY 500's +160% — ahead of the index over the full window. — as of 24 July 2026.

Will Silver Touch Technologies Ltd's share price go up?

This page publishes no price forecast for Silver Touch Technologies Ltd. What it measures instead: the share price is ₹198, the price is in a confirmed uptrend 36 weeks in. Its P/E of 71.0× sits at the 83rd percentile of its own 9-year range. — as of 24 July 2026.

Who owns Silver Touch Technologies Ltd?

Promoters hold 74.7% of Silver Touch Technologies Ltd, foreign institutions 0.5%, domestic institutions 0.0% and the public 24.9% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.

Does Silver Touch Technologies Ltd have too much debt?

No — Silver Touch Technologies Ltd's debt-to-equity is 0.20, and operating profit covers the interest bill 9×. FY26 borrowings were ₹33.0 Cr against equity of ₹169 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Silver Touch Technologies Ltd's capex?

Silver Touch Technologies Ltd spent ₹34.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹−1.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Silver Touch Technologies Ltd's cash flow?

Silver Touch Technologies Ltd generated ₹17.0 Cr of operating cash flow in FY26 and ₹18.0 Cr of free cash flow after ₹−1.0 Cr of capital spending. Reported profit that year was ₹36.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Silver Touch Technologies Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 23% of Silver Touch Technologies Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹17.0 Cr against reported profit of ₹36.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Silver Touch Technologies Ltd in its business cycle?

Silver Touch Technologies Ltd's FY26 operating margin was 18.0%, against a 13-year band of 3.0%–18.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 21.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Silver Touch Technologies Ltd story?

The sharpest disagreement: profits are rising, but only 23% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Silver Touch Technologies Ltd a stock worth studying right now?

This is not investment advice. The machine read: Silver Touch Technologies Ltd's price has outrun its earnings. +177.8% in a year against EPS +61.1% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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