Is the IT Enabled Services sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 4 of 12 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
IT Enabled Services Stocks in India
IT Enabled Services: RPSG Ventures Ltd owns the largest revenue base; Aurum Proptech Ltd has the fastest current growth.
Nifty IT Enabled Services Index — Constituents & Performance
The IT Enabled Services companies below are the listed Indian IT Enabled Services universe this page tracks — the same constituent set people search for as the Nifty IT Enabled Services index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has IT Enabled Services moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 18% behind NIFTY 500. Earnings across its companies grew 5% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.
BREAKING OUT · ahead 13w✓Price down, no fundamental support7 of 12 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS ↑13w · 4/12 >200d (+1) · 7/12 lead (+1) · EPS 9/12↑
IT Enabled Services, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together7 of 12 stocks moving
Fresh3 crossed in the last 4 weeks
Backed by scoresmovers score +2 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
2/3+2
Mid
3/4+1
Small
2/5−2
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 12 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is IT Enabled Services outperforming NIFTY 500?
The 52-week comparison of IT Enabled Services against NIFTY 500 is not available from the current market series. 4 of 12 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Aurum Proptech Ltd is the strongest against the sector itself at +19.7%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/12Stocks leading NIFTY 500
5/12Stocks leading sector
Sector metric: 32.5 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 4 of 12 covered companies currently have positive Mansfield relative strength versus NIFTY 500. RPSG Ventures Ltd leads with revenue of ₹11,322 crore, based on 12 of 12 comparable companies through Mar 2026. Aurum Proptech Ltd has the fastest current revenue growth at 64.1%, across 12 of 12 comparable companies.
Which IT Enabled Services company is largest by revenue?
RPSG Ventures Ltd leads with revenue of ₹11,322 crore, based on 12 of 12 comparable companies through Mar 2026.
Which IT Enabled Services company is growing fastest?
Aurum Proptech Ltd has the fastest current revenue growth at 64.1%, across 12 of 12 comparable companies.
Which IT Enabled Services company has the strongest 4-Factor Sector Score?
eClerx Services Ltd ranks first at 75.6/100 with 89.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which IT Enabled Services company reports the most CAPEX?
Firstsource Solutions Ltd reports the largest latest CAPEX at ₹12 crore, with 3 of 12 companies comparable.
Which IT Enabled Services company has the least gross debt?
IRIS Regtech Solutions Ltd has the lowest comparable gross debt at ₹2 crore. RPSG Ventures Ltd has the highest at ₹8,243 crore.
Which IT Enabled Services company has the lowest comparable PEG?
eClerx Services Ltd has the lowest comparable Guarded PEG at 0.67, among 4 of 12 companies that pass the metric’s comparability rules.
How much history does this IT Enabled Services comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
12
complete canonical membership
Combined market value
₹62.9K Cr
Firstsource Solutions Ltd
Revenue growing
10/12
positive TTM year-on-year growth
Beating NIFTY 500
4/12
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
eClerx Services Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 89.6% evidence confidence.
Route Mobile Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
RPSG Ventures Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. eClerx Services Ltd · ECLERX
75.6/100 · Favorable setup · 90% evidence
Exact sum: 28.3 + 21.8 + 13 + 12.5 = 75.6
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
28.3/35Growth & earnings
Revenue 22.3% · PAT 30.4% · OPM change 2 pp
88% evidence
21.8/25Capital efficiency
ROCE 34.8% · debt/equity 0.15×
100% evidence
13.0/20Valuation
P/E 24.8× · PEG 0.67
100% evidence
12.5/20Relative strength
RS sector 0.8% · RS bench 3.8% · 1Y 6.6%
70% evidence
2. Firstsource Solutions Ltd · FSL
60.6/100 · Mixed-positive evidence · 96% evidence
Exact sum: 22.4 + 16.2 + 12.4 + 9.6 = 60.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.4/35Growth & earnings
Revenue 19.8% · PAT 13.5% · OPM change 2 pp
88% evidence
16.2/25Capital efficiency
ROCE 16.8% · debt/equity 0.67×
100% evidence
12.4/20Valuation
P/E 24× · PEG 0.77
100% evidence
9.6/20Relative strength
RS sector -9.2% · RS bench -10.9% · 1Y -24.6%
100% evidence
3. Aurum Proptech Ltd · AURUM
60.2/100 · Mixed-positive evidence · 66% evidence
Exact sum: 27 + 7.7 + 8.5 + 17 = 60.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27.0/35Growth & earnings
Revenue 64.1% · PAT 100% · OPM change 9 pp
71% evidence
7.7/25Capital efficiency
ROCE 1.8% · debt/equity 0.44×
95% evidence
8.5/20Valuation
P/E 1696× · PEG —
15% evidence
17.0/20Relative strength
RS sector 19.7% · RS bench 30.7% · 1Y 20%
70% evidence
4. Alldigi Tech Ltd · ALLDIGI
58.9/100 · Mixed-positive evidence · 81% evidence
Exact sum: 18.7 + 17.9 + 10.1 + 12.2 = 58.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.7/35Growth & earnings
Revenue 8% · PAT 30.3% · OPM change 3 pp
95% evidence
17.9/25Capital efficiency
ROCE 27.9% · debt/equity 0.68×
95% evidence
10.1/20Valuation
P/E 13.6× · PEG —
50% evidence
12.2/20Relative strength
RS sector 5.2% · RS bench -6.4% · 1Y -14.8%
70% evidence
5. One Point One Solutions Ltd · ONEPOINT
55.1/100 · Mixed-positive evidence · 76% evidence
Exact sum: 21 + 12.7 + 9.1 + 12.3 = 55.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.0/35Growth & earnings
Revenue 22.3% · PAT 15.2% · OPM change 5 pp
83% evidence
12.7/25Capital efficiency
ROCE 10.9% · debt/equity 0.49×
95% evidence
9.1/20Valuation
P/E 36.1× · PEG —
15% evidence
12.3/20Relative strength
RS sector 5.6% · RS bench 5.3% · 1Y 8.5%
100% evidence
6. Latent View Analytics Ltd · LATENTVIEW
51.5/100 · Mixed-positive evidence · 73% evidence
Exact sum: 20.8 + 17.3 + 9.9 + 3.5 = 51.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.8/35Growth & earnings
Revenue 25.1% · PAT 16.7% · OPM change -1 pp
83% evidence
17.3/25Capital efficiency
ROCE 15.8% · debt/equity 0.02×
80% evidence
9.9/20Valuation
P/E 31.6× · PEG —
50% evidence
3.5/20Relative strength
RS sector -16.7% · RS bench -20.5% · 1Y -30.9%
70% evidence
7. Route Mobile Ltd · ROUTE
46.2/100 · Mixed-negative evidence · 83% evidence
Exact sum: 8.4 + 16.4 + 13.6 + 7.8 = 46.2
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
8.4/35Growth & earnings
Revenue -0.3% · PAT -14.2% · OPM change 0 pp
95% evidence
16.4/25Capital efficiency
ROCE 17.2% · debt/equity 0.01×
80% evidence
13.6/20Valuation
P/E 10.1× · PEG —
50% evidence
7.8/20Relative strength
RS sector -11.6% · RS bench -13.5% · 1Y -41.5%
100% evidence
8. Happiest Minds Technologies Ltd · HAPPSTMNDS
45.3/100 · Mixed-negative evidence · 90% evidence
Exact sum: 20.2 + 10.9 + 6 + 8.2 = 45.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.2/35Growth & earnings
Revenue 12.3% · PAT 14.6% · OPM change 2 pp
88% evidence
10.9/25Capital efficiency
ROCE 13.3% · debt/equity 0.89×
100% evidence
6.0/20Valuation
P/E 25.1× · PEG 6.9
100% evidence
8.2/20Relative strength
RS sector -1.4% · RS bench -16.5% · 1Y -39.4%
70% evidence
9. Protean eGov Technologies Ltd · PROTEAN
44.9/100 · Mixed-negative evidence · 90% evidence
Exact sum: 19.9 + 12.6 + 9.1 + 3.3 = 44.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.9/35Growth & earnings
Revenue 18.7% · PAT 8.7% · OPM change 4 pp
88% evidence
12.6/25Capital efficiency
ROCE 12.7% · debt/equity 0.08×
100% evidence
9.1/20Valuation
P/E 23.2× · PEG 4.02
100% evidence
3.3/20Relative strength
RS sector -25.8% · RS bench -17.3% · 1Y -27%
70% evidence
10. IRIS Regtech Solutions Ltd · IRIS
44.5/100 · Mixed-negative evidence · 83% evidence
Exact sum: 14.8 + 12.2 + 13.9 + 3.6 = 44.5
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
14.8/35Growth & earnings
Revenue 9.7% · PAT 100% · OPM change -4.9 pp
83% evidence
12.2/25Capital efficiency
ROCE 10.6% · debt/equity 0.01×
95% evidence
13.9/20Valuation
P/E 4.1× · PEG —
50% evidence
3.6/20Relative strength
RS sector -15.6% · RS bench -16.9% · 1Y -36.2%
100% evidence
11. RPSG Ventures Ltd · RPSGVENT
41.6/100 · Mixed-negative evidence · 69% evidence
Exact sum: 12 + 5.5 + 10 + 14.1 = 41.6
Decision use: Price leads the evidence: RS versus the benchmark is 6.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
12.0/35Growth & earnings
Revenue 17.8% · PAT -80% · OPM change 0 pp
83% evidence
5.5/25Capital efficiency
ROCE 10.6% · debt/equity 3.29×
80% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
14.1/20Relative strength
RS sector 7.6% · RS bench 6.7% · 1Y -0.3%
100% evidence
12. Hinduja Global Solutions Ltd · HGS
31.9/100 · Adverse evidence · 62% evidence
Exact sum: 7.7 + 7.1 + 8.8 + 8.3 = 31.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.7/35Growth & earnings
Revenue -2.2% · PAT -80% · OPM change -9 pp
62% evidence
7.1/25Capital efficiency
ROCE 1.4% · debt/equity 0.24×
95% evidence
8.8/20Valuation
P/E 60.8× · PEG —
15% evidence
8.3/20Relative strength
RS sector -3.1% · RS bench -5.3% · 1Y -29.7%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
RPSG Ventures Ltd has the highest Revenue among the 12 IT Enabled Services companies compared here, at ₹11,322 crore. Firstsource Solutions Ltd is next at ₹9,556 crore. Aurum Proptech Ltd has the highest Revenue growth at 64.1%, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: RPSG Ventures Ltd is the scale leader at ₹11,322 crore, 18.5% ahead of Firstsource Solutions Ltd. Aurum Proptech Ltd's growth is 64.1% from a ₹430 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderRPSG Ventures Ltd · ₹11,322 crore
Gap18.5% versus #2 · Firstsource Solutions Ltd
Persistence8/8 recent comparable periods
Coverage12/12 companies · 189 observations
Investor read: RPSG Ventures Ltd is the scale benchmark; Aurum Proptech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: RPSG Ventures Ltd's growth falls below Aurum Proptech Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1RPSG Ventures Ltd RPSGVENT₹11.3K Cr
2Firstsource Solutions Ltd FSL₹9.6K Cr
3Route Mobile Ltd ROUTE₹4.5K Cr
4Hinduja Global Solutions Ltd HGS⚠ unverified₹4.3K Cr
5eClerx Services Ltd ECLERX₹4.1K Cr
Revenue growthfastest growers
1Aurum Proptech Ltd AURUM⚠ unverified64%
2Latent View Analytics Ltd LATENTVIEW25%
3eClerx Services Ltd ECLERX22%
4One Point One Solutions Ltd ONEPOINT⚠ unverified22%
5Firstsource Solutions Ltd FSL20%
Revenue · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| RPSG Ventures Ltd RPSGVENT | ₹2.9K Cr | 15% | Mar 2026 |
| Firstsource Solutions Ltd FSL | ₹2.6K Cr | 20% | Mar 2026 |
| Route Mobile Ltd ROUTE | ₹1.2K Cr | 9.6% | Jun 2026 |
| eClerx Services Ltd ECLERX | ₹1.1K Cr | 23% | Mar 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | ₹1.1K Cr | -6.6% | Mar 2026 |
| Happiest Minds Technologies Ltd HAPPSTMNDS | ₹604 Cr | 11% | Mar 2026 |
| Protean eGov Technologies Ltd PROTEAN | ₹308 Cr | 39% | Mar 2026 |
| Latent View Analytics Ltd LATENTVIEW | ₹289 Cr | 25% | Mar 2026 |
| Alldigi Tech Ltd ALLDIGI⚠ unverified | ₹150 Cr | 4.2% | Jun 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | ₹112 Cr | 72% | Jun 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | ₹96 Cr | 43% | Mar 2026 |
| IRIS Regtech Solutions Ltd IRIS | ₹39 Cr | 32% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
—
—
—
—
—
₹100 Cr
₹108 Cr
₹108 Cr
₹112 Cr
₹120 Cr
₹130 Cr
₹129 Cr
₹131 Cr
₹139 Cr
₹146 Cr
₹144 Cr
₹147 Cr
₹153 Cr
₹155 Cr
₹150 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
—
—
—
—
—
₹39 Cr
₹45 Cr
₹44 Cr
₹53 Cr
₹57 Cr
₹60 Cr
₹65 Cr
₹64 Cr
₹65 Cr
₹68 Cr
₹65 Cr
₹82 Cr
₹112 Cr
₹124 Cr
₹112 Cr
eClerx Services Ltd · ECLERX
₹523 Cr
₹559 Cr
₹592 Cr
₹618 Cr
₹650 Cr
₹687 Cr
₹693 Cr
₹684 Cr
₹722 Cr
₹753 Cr
₹767 Cr
₹782 Cr
₹832 Cr
₹854 Cr
₹898 Cr
₹935 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
—
Firstsource Solutions Ltd · FSL
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.7K Cr
₹1.8K Cr
₹1.9K Cr
₹2.1K Cr
₹2.2K Cr
₹2.2K Cr
₹2.3K Cr
₹2.4K Cr
₹2.6K Cr
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
₹265 Cr
₹284 Cr
₹301 Cr
₹329 Cr
₹356 Cr
₹367 Cr
₹378 Cr
₹391 Cr
₹407 Cr
₹410 Cr
₹417 Cr
₹464 Cr
₹522 Cr
₹531 Cr
₹545 Cr
₹550 Cr
₹574 Cr
₹588 Cr
₹604 Cr
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
—
—
—
—
—
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
—
IRIS Regtech Solutions Ltd · IRIS
—
—
—
—
₹17 Cr
₹19 Cr
₹21 Cr
₹21 Cr
₹24 Cr
₹27 Cr
₹30 Cr
₹28 Cr
₹27 Cr
₹33 Cr
₹30 Cr
₹25 Cr
₹29 Cr
₹36 Cr
₹39 Cr
—
Latent View Analytics Ltd · LATENTVIEW
—
—
—
—
—
₹145 Cr
₹141 Cr
₹148 Cr
₹156 Cr
₹166 Cr
₹172 Cr
₹179 Cr
₹209 Cr
₹228 Cr
₹232 Cr
₹236 Cr
₹258 Cr
₹278 Cr
₹289 Cr
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
—
—
—
—
₹35 Cr
₹36 Cr
₹36 Cr
₹40 Cr
₹42 Cr
₹52 Cr
₹61 Cr
₹62 Cr
₹66 Cr
₹67 Cr
₹69 Cr
₹71 Cr
₹77 Cr
₹96 Cr
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
₹157 Cr
₹178 Cr
₹176 Cr
₹232 Cr
₹220 Cr
₹236 Cr
₹204 Cr
₹222 Cr
₹197 Cr
₹220 Cr
₹202 Cr
₹222 Cr
₹211 Cr
₹250 Cr
₹229 Cr
₹308 Cr
—
Route Mobile Ltd · ROUTE
—
—
—
—
—
₹986 Cr
₹1.0K Cr
₹967 Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
RPSG Ventures Ltd · RPSGVENT
—
—
—
—
—
₹1.7K Cr
₹1.8K Cr
₹2.3K Cr
₹1.8K Cr
₹1.8K Cr
₹2.0K Cr
₹2.5K Cr
₹2.2K Cr
₹2.4K Cr
₹2.5K Cr
₹3.0K Cr
₹2.7K Cr
₹2.8K Cr
₹2.9K Cr
—
Revenue growth · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
—
—
—
—
—
—
—
—
—
20%
20%
19%
17%
16%
12%
12%
12%
10%
6.2%
4.2%
Aurum Proptech Ltd · AURUM⚠ unverified
—
—
—
—
—
—
—
—
—
48%
33%
48%
21%
14%
13%
0.0%
28%
72%
82%
72%
eClerx Services Ltd · ECLERX
—
—
—
27%
24%
23%
17%
11%
11%
9.6%
11%
14%
15%
13%
17%
20%
21%
25%
23%
—
Firstsource Solutions Ltd · FSL
—
—
—
-0.9%
4.1%
2.8%
0.8%
3.9%
3.5%
6.1%
7.3%
17%
25%
32%
29%
24%
20%
16%
20%
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
—
34%
34%
29%
26%
19%
14%
12%
10%
19%
28%
30%
31%
19%
10.0%
11%
11%
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
—
—
—
—
—
—
—
—
—
7.6%
2.7%
-3.6%
-7.9%
-12%
5.6%
-3.3%
0.4%
1.0%
-6.6%
—
IRIS Regtech Solutions Ltd · IRIS
—
—
—
—
—
—
—
—
41%
45%
48%
34%
12%
20%
-2.0%
-8.9%
6.1%
8.4%
32%
—
Latent View Analytics Ltd · LATENTVIEW
—
—
—
—
—
—
—
—
—
14%
22%
21%
34%
37%
35%
32%
23%
22%
25%
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
—
—
—
—
—
—
—
—
20%
44%
69%
55%
57%
29%
13%
15%
17%
43%
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
16%
—
—
—
40%
33%
16%
-4.3%
-10%
-6.8%
-1.0%
0.0%
7.1%
14%
13%
39%
—
Route Mobile Ltd · ROUTE
—
—
—
—
—
—
—
—
—
3.9%
0.8%
14%
9.7%
16%
16%
-4.7%
0.5%
-6.5%
-3.7%
9.6%
RPSG Ventures Ltd · RPSGVENT
—
—
—
—
—
—
—
—
—
7.3%
13%
9.6%
21%
29%
26%
18%
23%
16%
15%
—
02 · compare level, then change
Operating Economics & Margin Trend
Alldigi Tech Ltd has the highest OPM among the 12 IT Enabled Services companies compared here, at 28%. Aurum Proptech Ltd is next at 26%. Aurum Proptech Ltd has the highest Margin change at +9 percentage points, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Alldigi Tech Ltd leads opm at 28%; Aurum Proptech Ltd leads margin change at +9 percentage points.
LeaderAlldigi Tech Ltd · 28%
Gap7.7% versus #2 · Aurum Proptech Ltd
Persistence5/8 recent comparable periods
Coverage12/12 companies · 227 observations
Investor read: Alldigi Tech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Alldigi Tech Ltd ALLDIGI⚠ unverified28%
2Aurum Proptech Ltd AURUM⚠ unverified26%
3eClerx Services Ltd ECLERX26%
4Latent View Analytics Ltd LATENTVIEW23%
5One Point One Solutions Ltd ONEPOINT⚠ unverified23%
Margin changefastest expanders
1Aurum Proptech Ltd AURUM⚠ unverified+9.0 pp
2One Point One Solutions Ltd ONEPOINT⚠ unverified+5.0 pp
3Protean eGov Technologies Ltd PROTEAN+4.0 pp
4Alldigi Tech Ltd ALLDIGI⚠ unverified+3.0 pp
5eClerx Services Ltd ECLERX+2.0 pp
Operating margin · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Alldigi Tech Ltd ALLDIGI⚠ unverified | 28% | +3.0 pp | Jun 2026 |
| eClerx Services Ltd ECLERX | 26% | +2.0 pp | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | 26% | +9.0 pp | Jun 2026 |
| Latent View Analytics Ltd LATENTVIEW | 23% | −1.0 pp | Mar 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | 23% | +5.0 pp | Mar 2026 |
| Firstsource Solutions Ltd FSL | 17% | +2.0 pp | Mar 2026 |
| Happiest Minds Technologies Ltd HAPPSTMNDS | 17% | +2.0 pp | Mar 2026 |
| IRIS Regtech Solutions Ltd IRIS | 14% | −4.9 pp | Mar 2026 |
| RPSG Ventures Ltd RPSGVENT | 13% | 0.0 pp | Mar 2026 |
| Protean eGov Technologies Ltd PROTEAN | 12% | +4.0 pp | Mar 2026 |
| Route Mobile Ltd ROUTE | 9.0% | 0.0 pp | Jun 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | 3.0% | −9.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
24%
26%
28%
23%
23%
21%
22%
23%
23%
26%
27%
24%
23%
23%
24%
25%
24%
30%
28%
28%
Aurum Proptech Ltd · AURUM⚠ unverified
—
-51%
-93%
-46%
-21%
-1.6%
-4.0%
-4.0%
-14%
-4.0%
24%
12%
17%
18%
21%
17%
26%
24%
23%
26%
eClerx Services Ltd · ECLERX
32%
31%
31%
23%
28%
28%
30%
24%
28%
28%
26%
21%
26%
24%
24%
24%
27%
26%
26%
—
Firstsource Solutions Ltd · FSL
17%
16%
16%
12%
13%
14%
16%
16%
15%
15%
15%
15%
15%
15%
15%
16%
16%
16%
17%
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
23%
24%
24%
26%
25%
24%
24%
23%
20%
20%
20%
18%
18%
18%
15%
17%
17%
18%
17%
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
8.3%
5.5%
3.3%
4.4%
6.4%
7.0%
3.0%
7.0%
8.0%
10%
6.0%
2.0%
3.0%
6.0%
12%
3.0%
2.0%
2.0%
3.0%
—
IRIS Regtech Solutions Ltd · IRIS
11%
15%
13%
13%
10%
14%
14%
12%
12%
13%
21%
14%
18%
16%
19%
1.0%
0.5%
13%
14%
—
Latent View Analytics Ltd · LATENTVIEW
28%
30%
31%
29%
28%
29%
21%
19%
20%
22%
24%
21%
22%
22%
24%
21%
22%
22%
23%
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
24%
19%
23%
24%
24%
22%
24%
23%
34%
35%
28%
28%
27%
24%
18%
22%
24%
24%
23%
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
14%
16%
18%
15%
15%
15%
-2.0%
10%
8.0%
14%
8.0%
8.0%
8.0%
12%
14%
12%
—
Route Mobile Ltd · ROUTE
13%
11%
9.0%
12%
12%
13%
13%
13%
13%
12%
12%
11%
12%
11%
10%
9.0%
12%
13%
12%
9.0%
RPSG Ventures Ltd · RPSGVENT
12%
14%
13%
15%
8.9%
10%
9.0%
27%
12%
10%
11%
22%
10%
11%
13%
20%
11%
12%
13%
—
Margin change · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
+3.8 pp
+1.3 pp
−0.9 pp
+0.8 pp
−1.5 pp
−5.5 pp
−5.6 pp
+0.1 pp
+0.0 pp
+5.0 pp
+5.0 pp
+1.0 pp
0.0 pp
−3.0 pp
−3.0 pp
+1.0 pp
+1.0 pp
+7.0 pp
+4.0 pp
+3.0 pp
Aurum Proptech Ltd · AURUM⚠ unverified
−3,117.5 pp
—
—
—
+3,153.9 pp
+49.0 pp
+89.3 pp
+42.2 pp
+7.1 pp
−2.4 pp
+28.0 pp
+16.0 pp
+31.0 pp
+22.0 pp
−3.0 pp
+5.0 pp
+9.0 pp
+6.0 pp
+2.0 pp
+9.0 pp
eClerx Services Ltd · ECLERX
+3.3 pp
+2.4 pp
−1.5 pp
−5.8 pp
−3.7 pp
−2.8 pp
−0.8 pp
+0.8 pp
+0.1 pp
0.0 pp
−4.0 pp
−3.0 pp
−2.0 pp
−4.0 pp
−2.0 pp
+3.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
—
Firstsource Solutions Ltd · FSL
+0.9 pp
+0.8 pp
−0.2 pp
−3.8 pp
−3.8 pp
−2.3 pp
+0.1 pp
+3.7 pp
+2.1 pp
+1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
−1.4 pp
−2.6 pp
−1.4 pp
+3.1 pp
+2.6 pp
+0.1 pp
+0.2 pp
−3.4 pp
−5.5 pp
−4.0 pp
−4.0 pp
−5.0 pp
−2.0 pp
−2.0 pp
−5.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+2.0 pp
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
−5.7 pp
+3.4 pp
+1.0 pp
−10.6 pp
−1.9 pp
+1.5 pp
−0.3 pp
+2.6 pp
+1.6 pp
+3.0 pp
+3.0 pp
−5.0 pp
−5.0 pp
−4.0 pp
+6.0 pp
+1.0 pp
−1.0 pp
−4.0 pp
−9.0 pp
—
IRIS Regtech Solutions Ltd · IRIS
−18.3 pp
−15.3 pp
−0.7 pp
+8.9 pp
−1.5 pp
−1.1 pp
+0.4 pp
−1.6 pp
+1.9 pp
−1.5 pp
+7.3 pp
+1.7 pp
+5.7 pp
+3.0 pp
−2.6 pp
−12.6 pp
−17.1 pp
−2.9 pp
−4.9 pp
—
Latent View Analytics Ltd · LATENTVIEW
—
−4.7 pp
−5.0 pp
−1.8 pp
+0.3 pp
−0.9 pp
−9.5 pp
−10.0 pp
−8.2 pp
−7.0 pp
+3.0 pp
+2.0 pp
+2.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
+19.2 pp
+1.9 pp
+16.0 pp
+5.7 pp
+0.1 pp
+2.8 pp
+0.8 pp
−1.0 pp
+9.5 pp
+13.1 pp
+4.0 pp
+5.0 pp
−7.0 pp
−11.0 pp
−10.0 pp
−6.0 pp
−3.0 pp
0.0 pp
+5.0 pp
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
+10.8 pp
—
—
—
+1.2 pp
−1.5 pp
−20.0 pp
−5.0 pp
−7.0 pp
−1.0 pp
+10.0 pp
−2.0 pp
0.0 pp
−2.0 pp
+6.0 pp
+4.0 pp
—
Route Mobile Ltd · ROUTE
+0.9 pp
−0.8 pp
−4.8 pp
−0.4 pp
−0.7 pp
+2.2 pp
+4.0 pp
+1.4 pp
+0.8 pp
−1.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
−2.0 pp
−2.0 pp
0.0 pp
+2.0 pp
+2.0 pp
0.0 pp
RPSG Ventures Ltd · RPSGVENT
+1.1 pp
+2.9 pp
−2.6 pp
+1.5 pp
−3.5 pp
−4.2 pp
−3.8 pp
+12.2 pp
+3.1 pp
0.0 pp
+2.0 pp
−5.0 pp
−2.0 pp
+1.0 pp
+2.0 pp
−2.0 pp
+1.0 pp
+1.0 pp
0.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
eClerx Services Ltd has the highest Net profit among the 12 IT Enabled Services companies compared here, at ₹707 crore. Firstsource Solutions Ltd is next at ₹674 crore. IRIS Regtech Solutions Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: eClerx Services Ltd leads with ₹707 crore of TTM profit, 4.9% above Firstsource Solutions Ltd. IRIS Regtech Solutions Ltd shows ≥100% on the scoring scale (855% uncapped) growth from a ₹127 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeadereClerx Services Ltd · ₹707 crore
Gap4.9% versus #2 · Firstsource Solutions Ltd
Persistence7/8 recent comparable periods
Coverage12/12 companies · 189 observations
Investor read: eClerx Services Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1eClerx Services Ltd ECLERX₹707 Cr
2Firstsource Solutions Ltd FSL₹674 Cr
3Route Mobile Ltd ROUTE₹267 Cr
4Happiest Minds Technologies Ltd HAPPSTMNDS₹212 Cr
5Latent View Analytics Ltd LATENTVIEW₹203 Cr
Profit growthfastest growers
1IRIS Regtech Solutions Ltd IRIS100%
2eClerx Services Ltd ECLERX30%
3Alldigi Tech Ltd ALLDIGI⚠ unverified30%
4Latent View Analytics Ltd LATENTVIEW17%
5One Point One Solutions Ltd ONEPOINT⚠ unverified15%
Net profit · company comparison
12/12 level · 10/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Firstsource Solutions Ltd FSL | ₹205 Cr | 27% | Mar 2026 |
| eClerx Services Ltd ECLERX | ₹190 Cr | 24% | Mar 2026 |
| Route Mobile Ltd ROUTE | ₹69 Cr | 17% | Jun 2026 |
| Happiest Minds Technologies Ltd HAPPSTMNDS | ₹61 Cr | 79% | Mar 2026 |
| Latent View Analytics Ltd LATENTVIEW | ₹55 Cr | 7.8% | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | ₹45 Cr | — | Jun 2026 |
| Protean eGov Technologies Ltd PROTEAN | ₹30 Cr | 50% | Mar 2026 |
| Alldigi Tech Ltd ALLDIGI⚠ unverified | ₹18 Cr | 20% | Jun 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | ₹10 Cr | 11% | Mar 2026 |
| IRIS Regtech Solutions Ltd IRIS | ₹4 Cr | 44% | Mar 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | ₹-14 Cr | -93% | Mar 2026 |
| RPSG Ventures Ltd RPSGVENT | ₹-72 Cr | -700% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
—
—
—
—
—
₹7 Cr
₹12 Cr
₹16 Cr
₹16 Cr
₹11 Cr
₹21 Cr
₹32 Cr
₹12 Cr
₹20 Cr
₹19 Cr
₹15 Cr
₹18 Cr
₹21 Cr
₹29 Cr
₹18 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
—
—
—
—
—
₹-11 Cr
₹-10 Cr
₹-16 Cr
₹-24 Cr
₹-21 Cr
₹-5 Cr
₹-11 Cr
₹-12 Cr
₹-9 Cr
₹-10 Cr
₹-10 Cr
₹-8 Cr
₹3 Cr
₹16 Cr
₹45 Cr
eClerx Services Ltd · ECLERX
₹101 Cr
₹107 Cr
₹119 Cr
₹99 Cr
₹126 Cr
₹131 Cr
₹132 Cr
₹107 Cr
₹136 Cr
₹139 Cr
₹130 Cr
₹112 Cr
₹140 Cr
₹137 Cr
₹153 Cr
₹142 Cr
₹183 Cr
₹192 Cr
₹190 Cr
—
Firstsource Solutions Ltd · FSL
₹135 Cr
₹135 Cr
₹132 Cr
₹85 Cr
₹129 Cr
₹158 Cr
₹141 Cr
₹126 Cr
₹127 Cr
₹129 Cr
₹134 Cr
₹135 Cr
₹138 Cr
₹160 Cr
₹161 Cr
₹169 Cr
₹180 Cr
₹120 Cr
₹205 Cr
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
₹44 Cr
₹49 Cr
₹52 Cr
₹56 Cr
₹59 Cr
₹58 Cr
₹58 Cr
₹58 Cr
₹58 Cr
₹60 Cr
₹72 Cr
₹51 Cr
₹50 Cr
₹50 Cr
₹34 Cr
₹57 Cr
₹54 Cr
₹40 Cr
₹61 Cr
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
—
—
—
—
—
₹52 Cr
₹26 Cr
₹17 Cr
₹18 Cr
₹8 Cr
₹88 Cr
₹162 Cr
₹-51 Cr
₹-9 Cr
₹-2 Cr
₹11 Cr
₹-27 Cr
₹34 Cr
₹-14 Cr
—
IRIS Regtech Solutions Ltd · IRIS
—
—
—
—
₹1 Cr
₹1 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹5 Cr
₹3 Cr
₹4 Cr
₹4 Cr
₹3 Cr
₹0 Cr
₹117 Cr
₹5 Cr
₹4 Cr
—
Latent View Analytics Ltd · LATENTVIEW
—
—
—
—
—
₹52 Cr
₹34 Cr
₹33 Cr
₹34 Cr
₹47 Cr
₹45 Cr
₹39 Cr
₹41 Cr
₹43 Cr
₹51 Cr
₹51 Cr
₹46 Cr
₹51 Cr
₹55 Cr
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
—
—
—
—
₹2 Cr
₹3 Cr
₹3 Cr
₹6 Cr
₹6 Cr
₹7 Cr
₹8 Cr
₹8 Cr
₹8 Cr
₹9 Cr
₹9 Cr
₹10 Cr
₹9 Cr
₹10 Cr
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
₹21 Cr
₹26 Cr
₹28 Cr
₹32 Cr
₹32 Cr
₹33 Cr
₹15 Cr
₹19 Cr
₹21 Cr
₹28 Cr
₹23 Cr
₹20 Cr
₹24 Cr
₹24 Cr
₹22 Cr
₹30 Cr
—
Route Mobile Ltd · ROUTE
—
—
—
—
—
₹85 Cr
₹104 Cr
₹92 Cr
₹88 Cr
₹114 Cr
₹95 Cr
₹81 Cr
₹107 Cr
₹85 Cr
₹60 Cr
₹59 Cr
₹-19 Cr
₹103 Cr
₹114 Cr
₹69 Cr
RPSG Ventures Ltd · RPSGVENT
—
—
—
—
—
₹-7 Cr
₹-132 Cr
₹362 Cr
₹-15 Cr
₹-55 Cr
₹-95 Cr
₹270 Cr
₹-73 Cr
₹-46 Cr
₹12 Cr
₹251 Cr
₹-41 Cr
₹-136 Cr
₹-72 Cr
—
Profit growth · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
—
—
—
—
—
—
—
—
—
57%
75%
100%
-25%
82%
-9.5%
-53%
50%
5.0%
53%
20%
eClerx Services Ltd · ECLERX
—
—
—
8.8%
25%
22%
11%
8.1%
7.9%
6.1%
-1.5%
4.7%
2.9%
-1.4%
18%
27%
31%
40%
24%
—
Firstsource Solutions Ltd · FSL
—
—
—
-37%
-4.4%
17%
6.8%
48%
-1.6%
-18%
-5.0%
7.1%
8.7%
24%
20%
25%
30%
-25%
27%
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
—
56%
34%
18%
12%
3.6%
-1.7%
3.5%
24%
-12%
-14%
-17%
-53%
12%
8.0%
-20%
79%
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
—
—
—
—
—
—
—
—
—
-85%
238%
853%
-383%
-213%
-102%
-93%
—
—
—
—
IRIS Regtech Solutions Ltd · IRIS
—
—
—
—
—
—
—
—
37%
19%
199%
211%
184%
104%
-39%
-92%
2,904%
48%
44%
—
Latent View Analytics Ltd · LATENTVIEW
—
—
—
—
—
—
—
—
—
-9.6%
32%
18%
21%
-8.5%
13%
31%
12%
19%
7.8%
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
—
—
—
—
—
—
—
—
180%
133%
167%
33%
33%
29%
13%
25%
13%
11%
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
110%
—
—
—
52%
27%
-46%
-41%
-34%
-15%
53%
5.3%
14%
-14%
-4.4%
50%
—
Route Mobile Ltd · ROUTE
—
—
—
—
—
—
—
—
—
34%
-8.7%
-12%
22%
-25%
-37%
-27%
-118%
21%
90%
17%
RPSG Ventures Ltd · RPSGVENT
—
—
—
—
—
—
—
—
—
—
—
-25%
—
—
—
-7.0%
—
—
-700%
—
04 · compare level, then change
Capacity Spending & Returns On It
Firstsource Solutions Ltd has the highest CAPEX among the 12 IT Enabled Services companies compared here, at ₹12 crore. Protean eGov Technologies Ltd is next at ₹3 crore. Protean eGov Technologies Ltd has the highest CAPEX intensity at 1.3%, so level and change sit with different companies. 3 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Firstsource Solutions Ltd reports ₹12 crore of CAPEX; Protean eGov Technologies Ltd has the highest covered intensity at 1.3%. Coverage is only 3 of 12 companies and 8 reported observations, so this is partial evidence—not a complete sector rank.
LeaderFirstsource Solutions Ltd · ₹12 crore
Gap300% versus #2 · Protean eGov Technologies Ltd
Persistence2/2 recent comparable periods
Coverage3/12 companies · 8 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Firstsource Solutions Ltd FSL₹12 Cr
2Protean eGov Technologies Ltd PROTEAN₹3 Cr
3Aurum Proptech Ltd AURUM⚠ unverified₹2 Cr
CAPEX intensityhighest reinvestment intensity
1Protean eGov Technologies Ltd PROTEAN1.3%
2Firstsource Solutions Ltd FSL0.8%
Capital expenditure · company comparison
3/12 level · 2/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Latent View Analytics Ltd (LATENTVIEW) — its two data sources disagree by up to 4% on reported income across 14 comparable periods, so its derived ratios are withheld; Route Mobile Ltd (ROUTE) — its two data sources disagree by up to 9% on reported income across 14 comparable periods, so its derived ratios are withheld; RPSG Ventures Ltd (RPSGVENT) — its two data sources disagree by up to 311% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Firstsource Solutions Ltd FSL | ₹12 Cr | 0.8% | Mar 2026 |
| Protean eGov Technologies Ltd PROTEAN | ₹3 Cr | 1.3% | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | ₹2 Cr | — | Jun 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Aurum Proptech Ltd · AURUM⚠ unverified
—
₹2 Cr
₹2 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Firstsource Solutions Ltd · FSL
—
—
—
—
—
₹15 Cr
₹12 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
₹2 Cr
₹17 Cr
—
—
₹2 Cr
₹3 Cr
—
—
—
—
—
—
—
—
—
—
—
CAPEX intensity · reported quarter history
Firstsource Solutions Ltd · FSL
—
—
—
—
—
1.0%
0.8%
—
—
—
—
—
—
—
—
—
—
—
—
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
1.3%
9.6%
—
—
0.9%
1.3%
—
—
—
—
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
12/12 capacity base · 12/12 OCF · 12/12 CAPEX · 12/12 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
₹23 Cr
₹24 Cr
₹13 Cr
₹34 Cr
₹33 Cr
₹64 Cr
₹72 Cr
₹78 Cr
₹106 Cr
₹209 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
₹263 Cr
₹256 Cr
₹338 Cr
₹368 Cr
₹27 Cr
₹70 Cr
₹237 Cr
₹473 Cr
₹458 Cr
₹519 Cr
eClerx Services Ltd · ECLERX
₹327 Cr
₹343 Cr
₹348 Cr
₹481 Cr
₹728 Cr
₹715 Cr
₹794 Cr
₹844 Cr
₹974 Cr
₹1.1K Cr
Firstsource Solutions Ltd · FSL
₹2.1K Cr
₹2.1K Cr
₹2.2K Cr
₹2.9K Cr
₹3.0K Cr
₹3.7K Cr
₹3.7K Cr
₹3.9K Cr
₹5.0K Cr
₹5.6K Cr
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
₹61 Cr
₹38 Cr
₹128 Cr
₹158 Cr
₹435 Cr
₹413 Cr
₹1.2K Cr
₹1.2K Cr
Hinduja Global Solutions Ltd · HGS⚠ unverified
₹981 Cr
₹920 Cr
₹1.0K Cr
₹1.7K Cr
₹1.6K Cr
₹2.2K Cr
₹2.8K Cr
₹2.8K Cr
₹2.9K Cr
₹2.9K Cr
IRIS Regtech Solutions Ltd · IRIS
₹38 Cr
₹36 Cr
₹33 Cr
₹27 Cr
₹22 Cr
₹17 Cr
₹16 Cr
₹16 Cr
₹21 Cr
₹24 Cr
Latent View Analytics Ltd · LATENTVIEW
—
—
₹37 Cr
₹35 Cr
₹30 Cr
₹29 Cr
₹23 Cr
₹28 Cr
₹410 Cr
₹397 Cr
One Point One Solutions Ltd · ONEPOINT⚠ unverified
₹30 Cr
₹42 Cr
₹71 Cr
₹122 Cr
₹108 Cr
₹62 Cr
₹69 Cr
₹126 Cr
₹142 Cr
₹520 Cr
Protean eGov Technologies Ltd · PROTEAN
—
₹142 Cr
₹162 Cr
₹69 Cr
₹58 Cr
₹69 Cr
₹74 Cr
₹99 Cr
₹164 Cr
₹186 Cr
Route Mobile Ltd · ROUTE
₹33 Cr
₹182 Cr
₹172 Cr
₹176 Cr
₹194 Cr
₹952 Cr
₹968 Cr
₹924 Cr
₹850 Cr
₹898 Cr
RPSG Ventures Ltd · RPSGVENT
—
₹3.0K Cr
₹3.2K Cr
₹4.0K Cr
₹4.1K Cr
₹9.9K Cr
₹10.0K Cr
₹10.1K Cr
₹11.3K Cr
₹12.8K Cr
Operating cash flow · fiscal-year history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
₹70 Cr
₹53 Cr
₹20 Cr
₹76 Cr
₹70 Cr
₹64 Cr
₹71 Cr
₹91 Cr
₹118 Cr
₹144 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
₹88 Cr
₹-23 Cr
₹48 Cr
₹119 Cr
₹-786 Cr
₹-24 Cr
₹-50 Cr
₹20 Cr
₹28 Cr
₹63 Cr
eClerx Services Ltd · ECLERX
₹312 Cr
₹305 Cr
₹206 Cr
₹333 Cr
₹365 Cr
₹444 Cr
₹493 Cr
₹526 Cr
₹655 Cr
₹873 Cr
Firstsource Solutions Ltd · FSL
₹200 Cr
₹315 Cr
₹400 Cr
₹410 Cr
₹976 Cr
₹704 Cr
₹795 Cr
₹644 Cr
₹701 Cr
₹1.2K Cr
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
₹58 Cr
₹112 Cr
₹144 Cr
₹168 Cr
₹207 Cr
₹213 Cr
₹236 Cr
₹261 Cr
Hinduja Global Solutions Ltd · HGS⚠ unverified
₹409 Cr
₹343 Cr
₹170 Cr
₹884 Cr
₹692 Cr
₹530 Cr
₹111 Cr
₹192 Cr
₹457 Cr
₹413 Cr
IRIS Regtech Solutions Ltd · IRIS
₹4 Cr
₹-3 Cr
₹1 Cr
₹2 Cr
₹12 Cr
₹0 Cr
₹6 Cr
₹12 Cr
₹27 Cr
₹105 Cr
Latent View Analytics Ltd · LATENTVIEW
—
—
₹64 Cr
₹63 Cr
₹90 Cr
₹87 Cr
₹97 Cr
₹115 Cr
₹130 Cr
₹165 Cr
One Point One Solutions Ltd · ONEPOINT⚠ unverified
₹12 Cr
₹9 Cr
₹32 Cr
₹22 Cr
₹-2 Cr
₹27 Cr
₹22 Cr
₹27 Cr
₹28 Cr
₹121 Cr
Protean eGov Technologies Ltd · PROTEAN
—
₹99 Cr
₹136 Cr
₹54 Cr
₹100 Cr
₹11 Cr
₹-8 Cr
₹58 Cr
₹193 Cr
₹78 Cr
Route Mobile Ltd · ROUTE
₹-60 Cr
₹28 Cr
₹23 Cr
₹98 Cr
₹222 Cr
₹135 Cr
₹73 Cr
₹-98 Cr
₹602 Cr
₹581 Cr
RPSG Ventures Ltd · RPSGVENT
—
₹-35 Cr
₹358 Cr
₹184 Cr
₹901 Cr
₹662 Cr
₹726 Cr
₹1.0K Cr
₹1.1K Cr
₹1.2K Cr
CAPEX · reported cash flow · fiscal-year history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
₹7 Cr
₹5 Cr
₹-6 Cr
₹41 Cr
₹22 Cr
₹54 Cr
₹36 Cr
₹40 Cr
₹71 Cr
₹162 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
₹21 Cr
₹11 Cr
₹102 Cr
₹31 Cr
₹-340 Cr
₹46 Cr
₹205 Cr
₹309 Cr
₹67 Cr
₹165 Cr
eClerx Services Ltd · ECLERX
₹14 Cr
₹64 Cr
₹50 Cr
₹204 Cr
₹329 Cr
₹90 Cr
₹193 Cr
₹176 Cr
₹271 Cr
₹260 Cr
Firstsource Solutions Ltd · FSL
₹107 Cr
₹76 Cr
₹217 Cr
₹831 Cr
₹333 Cr
₹998 Cr
₹235 Cr
₹411 Cr
₹1.5K Cr
₹988 Cr
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
—
₹-3 Cr
₹113 Cr
₹63 Cr
₹319 Cr
₹36 Cr
₹887 Cr
₹51 Cr
Hinduja Global Solutions Ltd · HGS⚠ unverified
₹174 Cr
₹80 Cr
₹296 Cr
₹991 Cr
₹-40 Cr
₹949 Cr
₹1.1K Cr
₹478 Cr
₹685 Cr
₹488 Cr
IRIS Regtech Solutions Ltd · IRIS
₹6 Cr
₹2 Cr
₹1 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹4 Cr
₹5 Cr
₹7 Cr
₹5 Cr
Latent View Analytics Ltd · LATENTVIEW
—
—
—
₹5 Cr
₹2 Cr
₹7 Cr
₹3 Cr
₹15 Cr
₹411 Cr
₹28 Cr
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
₹22 Cr
₹45 Cr
₹80 Cr
₹13 Cr
₹-24 Cr
₹26 Cr
₹79 Cr
₹42 Cr
₹407 Cr
Protean eGov Technologies Ltd · PROTEAN
—
—
₹48 Cr
₹-66 Cr
₹6 Cr
₹28 Cr
₹23 Cr
₹52 Cr
₹93 Cr
₹69 Cr
Route Mobile Ltd · ROUTE
₹28 Cr
₹161 Cr
₹7 Cr
₹27 Cr
₹44 Cr
₹796 Cr
₹98 Cr
₹42 Cr
₹15 Cr
₹140 Cr
RPSG Ventures Ltd · RPSGVENT
—
—
₹309 Cr
₹1.0K Cr
₹342 Cr
₹6.2K Cr
₹325 Cr
₹428 Cr
₹1.6K Cr
₹1.9K Cr
Free cash flow · fiscal-year history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
₹63 Cr
₹48 Cr
₹26 Cr
₹35 Cr
₹48 Cr
₹10 Cr
₹35 Cr
₹51 Cr
₹47 Cr
₹-18 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
₹67 Cr
₹-34 Cr
₹-54 Cr
₹88 Cr
₹-446 Cr
₹-70 Cr
₹-255 Cr
₹-289 Cr
₹-39 Cr
₹-102 Cr
eClerx Services Ltd · ECLERX
₹298 Cr
₹241 Cr
₹156 Cr
₹129 Cr
₹36 Cr
₹354 Cr
₹300 Cr
₹350 Cr
₹384 Cr
₹613 Cr
Firstsource Solutions Ltd · FSL
₹93 Cr
₹239 Cr
₹183 Cr
₹-421 Cr
₹643 Cr
₹-294 Cr
₹560 Cr
₹233 Cr
₹-799 Cr
₹226 Cr
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
—
₹115 Cr
₹31 Cr
₹105 Cr
₹-112 Cr
₹177 Cr
₹-651 Cr
₹210 Cr
Hinduja Global Solutions Ltd · HGS⚠ unverified
₹235 Cr
₹263 Cr
₹-126 Cr
₹-107 Cr
₹732 Cr
₹-419 Cr
₹-984 Cr
₹-286 Cr
₹-228 Cr
₹-75 Cr
IRIS Regtech Solutions Ltd · IRIS
₹-2 Cr
₹-5 Cr
₹0 Cr
₹2 Cr
₹11 Cr
₹0 Cr
₹2 Cr
₹7 Cr
₹20 Cr
₹100 Cr
Latent View Analytics Ltd · LATENTVIEW
—
—
—
₹58 Cr
₹88 Cr
₹80 Cr
₹94 Cr
₹100 Cr
₹-281 Cr
₹137 Cr
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
₹-13 Cr
₹-13 Cr
₹-58 Cr
₹-15 Cr
₹51 Cr
₹-4 Cr
₹-52 Cr
₹-14 Cr
₹-286 Cr
Protean eGov Technologies Ltd · PROTEAN
—
—
₹88 Cr
₹120 Cr
₹94 Cr
₹-17 Cr
₹-31 Cr
₹6 Cr
₹100 Cr
₹9 Cr
Route Mobile Ltd · ROUTE
₹-88 Cr
₹-133 Cr
₹16 Cr
₹71 Cr
₹178 Cr
₹-661 Cr
₹-25 Cr
₹-140 Cr
₹587 Cr
₹441 Cr
RPSG Ventures Ltd · RPSGVENT
—
—
₹49 Cr
₹-836 Cr
₹559 Cr
₹-5.5K Cr
₹401 Cr
₹610 Cr
₹-514 Cr
₹-702 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
IRIS Regtech Solutions Ltd has the lowest Gross debt among the 12 IT Enabled Services companies compared here, at ₹2 crore. Latent View Analytics Ltd is next at ₹33 crore. Hinduja Global Solutions Ltd has the lowest Net debt at ₹2,762 crore net cash, so level and change sit with different companies.
What the numbers say: Hinduja Global Solutions Ltd has the clearest covered balance-sheet capacity with ₹2,762 crore net cash and gross debt of ₹1,968 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderIRIS Regtech Solutions Ltd · ₹2 crore
Gap93.9% versus #2 · Latent View Analytics Ltd
PersistenceNot enough history
Coverage12/12 companies · 173 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1IRIS Regtech Solutions Ltd IRIS₹2 Cr
2Latent View Analytics Ltd LATENTVIEW₹33 Cr
3Route Mobile Ltd ROUTE₹42 Cr
4Protean eGov Technologies Ltd PROTEAN₹87 Cr
5Alldigi Tech Ltd ALLDIGI⚠ unverified₹171 Cr
Net debtlowest net debt
1Hinduja Global Solutions Ltd HGS⚠ unverified₹-2.8K Cr
2eClerx Services Ltd ECLERX₹-653 Cr
3Protean eGov Technologies Ltd PROTEAN₹-238 Cr
4Alldigi Tech Ltd ALLDIGI⚠ unverified₹27 Cr
5Happiest Minds Technologies Ltd HAPPSTMNDS₹71 Cr
Debt and balance-sheet capacity · company comparison
12/12 level · 8/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| RPSG Ventures Ltd RPSGVENT | ₹8.2K Cr | — | Mar 2026 |
| Firstsource Solutions Ltd FSL | ₹2.9K Cr | ₹2.6K Cr | Mar 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | ₹2.0K Cr | ₹-2.8K Cr | Mar 2026 |
| Happiest Minds Technologies Ltd HAPPSTMNDS | ₹1.5K Cr | ₹71 Cr | Mar 2026 |
| eClerx Services Ltd ECLERX | ₹385 Cr | ₹-653 Cr | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | ₹225 Cr | ₹84 Cr | Jun 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | ₹220 Cr | ₹159 Cr | Mar 2026 |
| Alldigi Tech Ltd ALLDIGI⚠ unverified | ₹171 Cr | ₹27 Cr | Jun 2026 |
| Protean eGov Technologies Ltd PROTEAN | ₹87 Cr | ₹-238 Cr | Mar 2026 |
| Route Mobile Ltd ROUTE | ₹42 Cr | — | Jun 2026 |
| Latent View Analytics Ltd LATENTVIEW | ₹33 Cr | — | Mar 2026 |
| IRIS Regtech Solutions Ltd IRIS | ₹2 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
₹17 Cr
₹17 Cr
₹43 Cr
₹43 Cr
₹46 Cr
₹46 Cr
₹44 Cr
₹44 Cr
₹52 Cr
₹52 Cr
₹45 Cr
₹45 Cr
₹41 Cr
₹41 Cr
₹63 Cr
₹63 Cr
₹82 Cr
₹82 Cr
₹171 Cr
₹171 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
—
₹2 Cr
₹8 Cr
₹8 Cr
₹50 Cr
₹50 Cr
₹99 Cr
₹99 Cr
₹232 Cr
₹232 Cr
₹323 Cr
₹319 Cr
₹194 Cr
₹194 Cr
₹273 Cr
₹273 Cr
₹281 Cr
₹281 Cr
₹225 Cr
₹225 Cr
eClerx Services Ltd · ECLERX
₹176 Cr
₹176 Cr
₹163 Cr
₹163 Cr
₹176 Cr
₹176 Cr
₹194 Cr
₹194 Cr
₹215 Cr
₹215 Cr
₹266 Cr
₹266 Cr
₹290 Cr
₹290 Cr
₹358 Cr
₹358 Cr
₹395 Cr
₹395 Cr
₹385 Cr
—
Firstsource Solutions Ltd · FSL
₹1.3K Cr
₹1.3K Cr
₹1.8K Cr
₹1.8K Cr
₹1.5K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹2.3K Cr
₹2.3K Cr
₹2.6K Cr
₹2.6K Cr
₹2.4K Cr
₹2.4K Cr
₹2.9K Cr
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
₹206 Cr
₹206 Cr
₹250 Cr
₹88 Cr
₹393 Cr
₹393 Cr
₹534 Cr
₹175 Cr
₹530 Cr
₹530 Cr
₹512 Cr
₹516 Cr
₹1.3K Cr
₹236 Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹462 Cr
₹1.5K Cr
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
₹1.1K Cr
₹1.1K Cr
₹1.4K Cr
₹312 Cr
₹1.4K Cr
₹1.4K Cr
₹998 Cr
₹998 Cr
₹1.7K Cr
₹1.7K Cr
₹2.1K Cr
₹2.1K Cr
₹2.2K Cr
₹2.2K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
—
IRIS Regtech Solutions Ltd · IRIS
—
—
₹7 Cr
—
—
—
₹6 Cr
—
—
—
₹6 Cr
—
—
—
₹4 Cr
—
₹2 Cr
—
₹2 Cr
—
Latent View Analytics Ltd · LATENTVIEW
—
—
₹26 Cr
—
—
—
₹21 Cr
—
—
—
₹24 Cr
—
—
—
₹29 Cr
—
₹25 Cr
—
₹33 Cr
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
₹96 Cr
₹96 Cr
₹53 Cr
₹53 Cr
₹64 Cr
₹64 Cr
₹59 Cr
₹59 Cr
₹56 Cr
₹56 Cr
₹58 Cr
₹58 Cr
₹81 Cr
₹81 Cr
₹47 Cr
₹47 Cr
₹53 Cr
₹53 Cr
₹220 Cr
—
Protean eGov Technologies Ltd · PROTEAN
—
—
₹12 Cr
₹12 Cr
—
—
₹8 Cr
₹12 Cr
₹20 Cr
₹20 Cr
₹21 Cr
₹21 Cr
₹20 Cr
₹20 Cr
₹69 Cr
₹69 Cr
₹67 Cr
₹67 Cr
₹87 Cr
—
Route Mobile Ltd · ROUTE
—
—
₹16 Cr
—
—
—
₹140 Cr
—
—
—
₹378 Cr
—
—
—
₹468 Cr
—
₹21 Cr
—
₹42 Cr
—
RPSG Ventures Ltd · RPSGVENT
—
—
₹2.8K Cr
—
—
—
₹3.4K Cr
—
—
—
₹4.2K Cr
—
—
—
₹6.2K Cr
—
₹6.4K Cr
—
₹8.2K Cr
—
Net debt · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
₹-163 Cr
₹-163 Cr
₹-85 Cr
₹-86 Cr
₹-109 Cr
₹-109 Cr
₹-93 Cr
₹-93 Cr
₹-99 Cr
₹-99 Cr
₹-93 Cr
₹-93 Cr
₹-121 Cr
₹-121 Cr
₹-101 Cr
₹-101 Cr
₹-55 Cr
₹-55 Cr
₹27 Cr
₹27 Cr
Aurum Proptech Ltd · AURUM⚠ unverified
—
₹-133 Cr
₹-94 Cr
₹-103 Cr
₹-76 Cr
₹-76 Cr
₹32 Cr
₹26 Cr
₹190 Cr
₹190 Cr
₹282 Cr
₹271 Cr
₹116 Cr
₹116 Cr
₹213 Cr
₹205 Cr
₹120 Cr
₹120 Cr
₹84 Cr
₹84 Cr
eClerx Services Ltd · ECLERX
₹-722 Cr
₹-722 Cr
₹-516 Cr
₹-525 Cr
₹-666 Cr
₹-666 Cr
₹-495 Cr
₹-496 Cr
₹-696 Cr
₹-696 Cr
₹-819 Cr
₹-819 Cr
₹-546 Cr
₹-546 Cr
₹-662 Cr
₹-668 Cr
₹-856 Cr
₹-856 Cr
₹-653 Cr
—
Firstsource Solutions Ltd · FSL
₹1.0K Cr
₹1.0K Cr
₹1.6K Cr
₹1.6K Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹2.0K Cr
₹2.0K Cr
₹2.4K Cr
₹2.4K Cr
₹2.1K Cr
₹2.1K Cr
₹2.6K Cr
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
₹-342 Cr
₹-342 Cr
₹-372 Cr
₹-567 Cr
₹-53 Cr
₹-53 Cr
₹6 Cr
₹-680 Cr
₹-607 Cr
₹-607 Cr
₹-714 Cr
₹-714 Cr
₹-134 Cr
₹-1.5K Cr
₹582 Cr
₹582 Cr
₹-130 Cr
₹-1.2K Cr
₹71 Cr
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
₹258 Cr
₹258 Cr
₹-2.2K Cr
₹-3.2K Cr
₹-942 Cr
₹-942 Cr
₹-121 Cr
₹-221 Cr
₹854 Cr
₹854 Cr
₹-790 Cr
₹-935 Cr
₹-2.0K Cr
₹-2.0K Cr
₹-2.3K Cr
₹-2.3K Cr
₹-2.8K Cr
₹-2.8K Cr
₹-2.8K Cr
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
₹94 Cr
₹94 Cr
₹52 Cr
₹52 Cr
₹62 Cr
₹62 Cr
₹58 Cr
₹57 Cr
₹55 Cr
₹55 Cr
₹40 Cr
₹40 Cr
₹64 Cr
₹64 Cr
₹34 Cr
₹34 Cr
₹33 Cr
₹33 Cr
₹159 Cr
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
₹-277 Cr
—
—
₹-135 Cr
₹-145 Cr
₹-116 Cr
₹-116 Cr
₹-144 Cr
₹-144 Cr
₹-195 Cr
₹-195 Cr
₹-231 Cr
₹-231 Cr
₹-150 Cr
₹-150 Cr
₹-238 Cr
—
06 · compare level, then change
Return On Capital Employed
eClerx Services Ltd has the highest ROCE among the 12 IT Enabled Services companies compared here, at 34.8%. Alldigi Tech Ltd is next at 27.9%. Aurum Proptech Ltd has the highest ROCE change at +17.5 percentage points, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: eClerx Services Ltd leads ROCE at 34.8%, 6.9 percentage points above Alldigi Tech Ltd. Aurum Proptech Ltd has the strongest latest improvement at +17.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeadereClerx Services Ltd · 34.8%
Gap24.7% versus #2 · Alldigi Tech Ltd
Persistence2/8 recent comparable periods
Coverage12/12 companies · 124 observations
Investor read: eClerx Services Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1eClerx Services Ltd ECLERX35%
2Alldigi Tech Ltd ALLDIGI⚠ unverified28%
3Route Mobile Ltd ROUTE17%
4Firstsource Solutions Ltd FSL17%
5Latent View Analytics Ltd LATENTVIEW16%
ROCE changefastest improvers
1Aurum Proptech Ltd AURUM⚠ unverified+17.5 pp
2eClerx Services Ltd ECLERX+4.5 pp
3Firstsource Solutions Ltd FSL+3.2 pp
4Happiest Minds Technologies Ltd HAPPSTMNDS+1.8 pp
5Latent View Analytics Ltd LATENTVIEW+1.0 pp
Return on capital · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Latent View Analytics Ltd (LATENTVIEW) — its two data sources disagree by up to 4% on reported income across 14 comparable periods, so its derived ratios are withheld; Route Mobile Ltd (ROUTE) — its two data sources disagree by up to 9% on reported income across 14 comparable periods, so its derived ratios are withheld; RPSG Ventures Ltd (RPSGVENT) — its two data sources disagree by up to 311% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Alldigi Tech Ltd ALLDIGI⚠ unverified | 30% | −3.5 pp | Jun 2026 |
| eClerx Services Ltd ECLERX | 29% | +4.5 pp | Mar 2026 |
| Firstsource Solutions Ltd FSL | 19% | +3.2 pp | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | 14% | +17.5 pp | Jun 2026 |
| Happiest Minds Technologies Ltd HAPPSTMNDS | 14% | +1.8 pp | Mar 2026 |
| Protean eGov Technologies Ltd PROTEAN | 6.4% | +0.4 pp | Mar 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | 5.9% | −1.9 pp | Mar 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | -6.6% | −3.9 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
21%
—
24%
—
23%
—
23%
—
22%
28%
29%
41%
29%
38%
28%
33%
28%
34%
25%
30%
Aurum Proptech Ltd · AURUM⚠ unverified
-2.8%
-5.2%
-9.5%
—
-14%
—
-18%
—
-21%
-20%
-17%
-12%
-9.9%
-3.8%
-7.5%
-3.1%
-4.5%
0.5%
-1.9%
14%
eClerx Services Ltd · ECLERX
25%
—
32%
—
31%
—
33%
—
29%
34%
26%
32%
28%
32%
25%
30%
25%
34%
29%
—
Firstsource Solutions Ltd · FSL
19%
—
17%
—
14%
13%
14%
—
15%
17%
16%
18%
15%
17%
16%
19%
17%
17%
19%
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
28%
—
30%
30%
29%
—
30%
28%
19%
28%
17%
27%
15%
15%
12%
19%
13%
13%
14%
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
14%
—
3.0%
—
-1.0%
—
-1.3%
—
-1.9%
2.5%
-1.7%
5.1%
-3.2%
5.2%
-2.7%
4.2%
-2.4%
4.4%
-6.6%
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
-3.1%
—
7.9%
—
13%
—
16%
—
18%
34%
16%
28%
9.0%
17%
7.8%
16%
6.9%
12%
5.9%
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
—
—
—
12%
12%
13%
18%
8.5%
12%
5.4%
13%
6.0%
12%
5.7%
12%
6.4%
—
ROCE change · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
—
—
—
—
+1.7 pp
—
−1.1 pp
—
−1.0 pp
—
+6.7 pp
—
+7.5 pp
+10.4 pp
−1.5 pp
−7.3 pp
−1.6 pp
−3.8 pp
−2.8 pp
−3.5 pp
Aurum Proptech Ltd · AURUM⚠ unverified
—
—
—
—
−10.9 pp
—
−8.3 pp
—
−7.3 pp
—
+0.9 pp
—
+11.1 pp
+16.3 pp
+9.4 pp
+9.3 pp
+5.4 pp
+4.3 pp
+5.6 pp
+17.5 pp
eClerx Services Ltd · ECLERX
—
—
—
—
+5.3 pp
—
+0.4 pp
—
−1.3 pp
—
−6.8 pp
—
−1.6 pp
−2.2 pp
−1.0 pp
−1.9 pp
−2.6 pp
+2.4 pp
+4.5 pp
—
Firstsource Solutions Ltd · FSL
—
—
—
—
−4.5 pp
—
−3.3 pp
—
+1.0 pp
+4.1 pp
+2.0 pp
—
−0.6 pp
+0.3 pp
+0.3 pp
+1.5 pp
+2.5 pp
+0.1 pp
+3.2 pp
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
—
—
—
—
+1.2 pp
—
−0.1 pp
−2.2 pp
−10.5 pp
—
−13.0 pp
−1.2 pp
−4.1 pp
−13.3 pp
−4.1 pp
−7.5 pp
−1.4 pp
−1.4 pp
+1.8 pp
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
—
—
—
—
−14.5 pp
—
−4.3 pp
—
−0.9 pp
—
−0.4 pp
—
−1.3 pp
+2.7 pp
−1.0 pp
−0.9 pp
+0.8 pp
−0.8 pp
−3.9 pp
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
—
—
—
—
+16.1 pp
—
+8.4 pp
—
+5.3 pp
—
−0.6 pp
—
−9.3 pp
−16.4 pp
−7.9 pp
−12.5 pp
−2.1 pp
−4.8 pp
−1.9 pp
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
—
—
—
—
—
—
—
−3.0 pp
−0.1 pp
−7.7 pp
−5.6 pp
−2.5 pp
+0.1 pp
+0.3 pp
−0.5 pp
+0.4 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
eClerx Services Ltd has the lowest Guarded PEG among the 12 IT Enabled Services companies compared here, at 0.67×. Firstsource Solutions Ltd is next at 0.77×. IRIS Regtech Solutions Ltd has the lowest P/E at 4.07×, so level and change sit with different companies. 4 of 12 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: eClerx Services Ltd has the lowest comparable Guarded PEG at 0.67×, 13% below Firstsource Solutions Ltd. Only 4 of 12 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeadereClerx Services Ltd · 0.67×
Gap13% versus #2 · Firstsource Solutions Ltd
Persistence0/8 recent comparable periods
Coverage4/12 companies · 38 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1eClerx Services Ltd ECLERX0.7
2Firstsource Solutions Ltd FSL0.8
3Protean eGov Technologies Ltd PROTEAN4.0
4Happiest Minds Technologies Ltd HAPPSTMNDS6.9
P/Elowest P/E
1IRIS Regtech Solutions Ltd IRIS4.1
2Route Mobile Ltd ROUTE10.1
3Alldigi Tech Ltd ALLDIGI⚠ unverified13.6
4Protean eGov Technologies Ltd PROTEAN23.2
5Firstsource Solutions Ltd FSL24.0
Valuation · company comparison
4/12 level · 11/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Happiest Minds Technologies Ltd HAPPSTMNDS | 6.9 | 28.6 | Mar 2026 |
| Protean eGov Technologies Ltd PROTEAN | 4.0 | 20.9 | Mar 2026 |
| Firstsource Solutions Ltd FSL | 0.8 | 21.4 | Mar 2026 |
| eClerx Services Ltd ECLERX | 0.7 | 20.8 | Mar 2026 |
| Latent View Analytics Ltd LATENTVIEW | — | 27.1 | Mar 2026 |
| Route Mobile Ltd ROUTE | — | 10.2 | Jun 2026 |
| RPSG Ventures Ltd RPSGVENT | — | 17.7 | Mar 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | — | 46.8 | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | — | 30.1 | Jun 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | — | 29.7 | Mar 2026 |
| Alldigi Tech Ltd ALLDIGI⚠ unverified | — | 13.8 | Jun 2026 |
| IRIS Regtech Solutions Ltd IRIS | — | 42.9 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
eClerx Services Ltd · ECLERX
0.5
0.4
—
0.3
0.5
0.5
0.6
0.8
0.9
1.7
1.9
3.1
4.5
—
—
3.9
2.6
0.9
0.7
—
Firstsource Solutions Ltd · FSL
0.7
0.8
—
0.5
—
—
2.0
—
1.6
1.7
—
—
—
—
2.2
3.3
2.2
1.6
0.8
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
5.3
—
2.2
4.9
2.2
1.8
4.5
2.3
3.1
6.9
—
—
—
—
—
—
—
—
—
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
3.3
4.0
—
—
P/E · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
30.5
35.3
26.7
18.7
13.7
12.9
13.7
16.9
17.9
19.4
20.1
27.5
24.1
23.9
20.2
20.0
21.2
17.3
14.4
13.8
Aurum Proptech Ltd · AURUM⚠ unverified
9.3
9.4
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-65.2
616.1
30.1
eClerx Services Ltd · ECLERX
24.7
25.2
20.0
15.8
17.1
14.4
13.8
16.7
18.1
25.3
22.6
23.1
28.4
34.0
25.8
31.1
34.7
36.3
20.8
—
Firstsource Solutions Ltd · FSL
29.1
25.4
17.8
13.0
15.0
14.8
14.6
17.3
21.2
23.5
26.6
28.7
42.9
48.5
42.9
46.0
40.0
36.6
21.4
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
138.9
117.1
96.9
68.8
72.3
59.7
49.1
61.0
54.1
56.1
47.7
52.2
52.6
48.0
42.6
51.6
41.2
35.9
28.6
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
18.4
29.0
35.3
27.6
66.6
21.1
14.9
17.3
17.6
64.5
52.8
29.3
58.8
54.9
17.8
-97.2
—
46.8
—
—
IRIS Regtech Solutions Ltd · IRIS
49.8
82.4
186.1
158.1
59.0
51.5
38.8
34.5
44.0
47.1
39.9
46.1
60.9
69.8
51.4
43.0
60.2
67.2
42.9
—
Latent View Analytics Ltd · LATENTVIEW
—
5.1
3.8
10.5
58.3
55.1
41.2
45.8
53.2
60.5
70.6
64.9
59.3
58.4
45.7
48.6
45.0
49.9
27.1
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
-15.0
142.2
138.8
56.7
27.3
35.3
47.8
45.5
69.2
70.5
59.1
56.6
56.5
41.8
35.4
38.5
32.5
41.8
29.7
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
—
—
—
—
—
—
45.3
36.4
46.8
87.8
96.3
59.5
37.7
38.2
34.4
20.9
—
Route Mobile Ltd · ROUTE
81.8
68.9
58.3
45.9
41.9
32.7
31.5
30.4
28.3
27.3
26.6
31.5
27.7
24.2
17.0
19.0
16.5
15.0
9.0
10.2
RPSG Ventures Ltd · RPSGVENT
—
—
—
9.8
12.7
12.9
31.4
39.5
—
—
—
—
—
—
—
—
—
—
17.7
—
08 · compare level, then change
Enterprise Value & Book Value
Route Mobile Ltd has the lowest EV/EBITDA among the 12 IT Enabled Services companies compared here, at 3.3×. Hinduja Global Solutions Ltd is next at 3.6×. Hinduja Global Solutions Ltd has the lowest P/BV at 0.24×, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Route Mobile Ltd leads ev/ebitda at 3.3×; Hinduja Global Solutions Ltd leads p/bv at 0.24×.
LeaderRoute Mobile Ltd · 3.3×
Gap8.3% versus #2 · Hinduja Global Solutions Ltd
Persistence0/8 recent comparable periods
Coverage12/12 companies · 214 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Route Mobile Ltd ROUTE3.3
2Hinduja Global Solutions Ltd HGS⚠ unverified3.6
3RPSG Ventures Ltd RPSGVENT4.6
4Alldigi Tech Ltd ALLDIGI⚠ unverified7.0
5Protean eGov Technologies Ltd PROTEAN11.3
P/BVlowest P/BV
1Hinduja Global Solutions Ltd HGS⚠ unverified0.2
2RPSG Ventures Ltd RPSGVENT1.2
3Route Mobile Ltd ROUTE1.3
4Protean eGov Technologies Ltd PROTEAN2.2
5IRIS Regtech Solutions Ltd IRIS2.5
Enterprise and book valuation · company comparison
12/12 level · 12/12 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| IRIS Regtech Solutions Ltd IRIS | 22.6 | 2.4 | Mar 2026 |
| Latent View Analytics Ltd LATENTVIEW | 17.2 | 3.3 | Mar 2026 |
| Aurum Proptech Ltd AURUM⚠ unverified | 14.6 | 3.0 | Jun 2026 |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | 13.7 | 2.6 | Mar 2026 |
| Happiest Minds Technologies Ltd HAPPSTMNDS | 13.1 | 3.6 | Mar 2026 |
| eClerx Services Ltd ECLERX | 12.2 | 5.2 | Mar 2026 |
| Firstsource Solutions Ltd FSL | 11.7 | 3.5 | Mar 2026 |
| Protean eGov Technologies Ltd PROTEAN | 11.3 | 1.9 | Mar 2026 |
| Alldigi Tech Ltd ALLDIGI⚠ unverified | 7.0 | 4.7 | Jun 2026 |
| RPSG Ventures Ltd RPSGVENT | 4.6 | 1.0 | Mar 2026 |
| Hinduja Global Solutions Ltd HGS⚠ unverified | 3.6 | 0.2 | Mar 2026 |
| Route Mobile Ltd ROUTE | 3.3 | 1.2 | Jun 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
7.2
11.4
9.4
6.2
7.7
7.3
7.2
8.2
8.8
9.3
9.6
13.9
12.0
11.0
10.2
9.7
9.5
8.3
6.8
7.0
Aurum Proptech Ltd · AURUM⚠ unverified
24.0
—
—
—
—
—
—
—
203.2
218.6
98.2
22.9
29.3
16.6
10.0
26.0
20.2
18.4
13.5
14.6
eClerx Services Ltd · ECLERX
14.2
14.1
11.3
9.1
9.7
8.2
7.8
9.7
10.8
15.1
13.4
13.8
16.2
19.9
15.1
18.2
20.6
21.4
12.2
—
Firstsource Solutions Ltd · FSL
17.0
15.1
10.9
8.4
9.6
9.4
9.6
11.1
12.8
14.2
15.4
16.2
23.4
26.5
23.2
23.5
21.1
19.1
11.7
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
90.6
75.1
60.7
43.5
46.9
38.7
31.4
37.4
33.3
32.1
25.9
27.6
26.5
23.9
19.8
19.9
17.8
16.1
13.1
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
10.3
12.9
9.5
8.3
7.6
8.2
4.2
3.8
6.1
8.3
5.8
4.5
6.5
6.2
4.6
4.6
4.2
3.7
3.6
—
IRIS Regtech Solutions Ltd · IRIS
17.9
27.3
24.8
19.6
16.5
15.0
13.4
13.4
17.7
20.3
17.4
25.1
37.1
45.7
35.2
26.8
33.9
34.9
22.6
—
Latent View Analytics Ltd · LATENTVIEW
—
88.8
66.0
45.8
41.6
40.0
29.7
32.6
39.0
44.5
51.1
46.8
42.8
40.6
29.9
30.6
29.4
32.4
17.2
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
9.1
12.3
10.5
6.0
6.6
9.6
11.3
12.7
19.1
23.7
21.8
23.6
29.6
21.7
17.9
18.4
15.1
19.1
13.7
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
—
—
—
—
—
—
29.7
23.5
28.8
52.9
56.3
35.5
22.6
22.4
19.6
11.3
—
Route Mobile Ltd · ROUTE
55.6
51.3
41.6
31.4
26.8
20.2
18.7
18.5
17.6
17.4
17.1
19.4
17.0
13.8
9.2
10.3
7.7
6.2
3.1
3.3
RPSG Ventures Ltd · RPSGVENT
4.8
4.0
3.5
2.8
3.5
3.2
3.2
4.0
3.6
4.0
4.0
4.1
5.6
6.2
5.4
4.5
5.2
4.7
4.6
—
P/BV · reported quarter history
Alldigi Tech Ltd · ALLDIGI⚠ unverified
2.4
4.0
3.5
2.5
3.3
3.3
3.5
4.0
4.0
3.8
4.3
7.7
6.5
5.5
5.4
5.7
5.4
5.0
4.4
4.7
Aurum Proptech Ltd · AURUM⚠ unverified
2.5
4.7
3.8
3.3
4.2
4.0
4.2
5.2
4.0
4.7
4.7
5.0
3.6
2.3
1.7
3.1
1.8
2.7
2.4
3.0
eClerx Services Ltd · ECLERX
5.3
5.3
4.5
4.5
4.2
3.7
4.1
5.2
5.2
6.4
5.9
6.9
6.5
8.5
6.5
7.7
8.6
8.5
5.2
—
Firstsource Solutions Ltd · FSL
4.9
4.3
3.1
2.5
2.2
2.2
2.4
2.9
3.5
3.5
3.8
4.4
6.1
6.7
6.2
7.3
6.1
5.5
3.5
—
Happiest Minds Technologies Ltd · HAPPSTMNDS
38.7
32.5
28.0
23.4
19.6
17.4
20.6
17.1
15.3
9.8
8.1
8.4
8.2
7.0
6.0
6.7
5.2
4.5
3.6
—
Hinduja Global Solutions Ltd · HGS⚠ unverified
2.9
3.1
2.0
2.1
0.6
0.7
0.5
0.6
0.6
0.6
0.5
0.5
0.5
0.4
0.3
0.3
0.3
0.3
0.2
—
IRIS Regtech Solutions Ltd · IRIS
7.9
10.5
7.5
5.9
5.4
5.1
5.0
5.3
6.3
7.2
6.4
12.7
15.7
15.4
12.9
13.3
8.8
3.2
2.4
—
Latent View Analytics Ltd · LATENTVIEW
—
—
—
6.5
6.5
6.7
6.3
6.9
7.0
7.3
8.2
8.5
7.1
7.1
5.4
6.2
5.6
5.9
3.3
—
One Point One Solutions Ltd · ONEPOINT⚠ unverified
1.4
4.9
5.0
3.4
3.8
6.0
7.5
8.6
12.2
13.1
14.3
18.7
10.6
3.7
3.2
7.1
2.8
3.6
2.6
—
Protean eGov Technologies Ltd · PROTEAN
—
—
—
—
—
—
—
—
—
5.5
4.6
5.0
8.4
8.5
5.7
3.8
3.6
3.1
1.9
—
Route Mobile Ltd · ROUTE
17.7
14.2
13.3
11.1
5.2
4.5
5.2
6.0
5.5
5.0
5.0
6.2
4.5
3.7
2.5
2.9
2.1
1.7
1.1
1.2
RPSG Ventures Ltd · RPSGVENT
1.2
0.9
0.8
0.6
0.5
0.5
0.4
0.5
0.7
0.8
0.7
0.9
1.3
1.3
1.1
1.1
1.0
1.0
1.0
—
09 · let price answer last
Market action
Aurum Proptech Ltd has the strongest one-year price move in IT Enabled Services at +20%. It also leads on Mansfield relative strength against NIFTY at +30.7%. 4 of 12 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This IT Enabled Services comparison names 6 specific ways its own evidence can mislead, all listed below. All 12 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. 3 have second-feed figures withheld because the two sources disagree.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 4 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 3 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
10 · the complete set
Which companies are included?
All 12 companies in the canonical IT Enabled Services membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Firstsource Solutions Ltd FSLAHEAD | ₹17.9K Cr | ₹254 | 2026-07-19 | Mar 2026 | Cross-checked |
| eClerx Services Ltd ECLERXAHEAD | ₹17.5K Cr | ₹1,862 | 2026-07-19 | Mar 2026 | Cross-checked |
| Latent View Analytics Ltd LATENTVIEW | ₹6.1K Cr | ₹296 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Happiest Minds Technologies Ltd HAPPSTMNDS | ₹5.7K Cr | ₹373 | 2026-07-19 | Mar 2026 | Cross-checked |
| Route Mobile Ltd ROUTEAHEAD | ₹3.6K Cr | ₹569 | 2026-07-19 | Jun 2026 | Second feed withheld |
| RPSG Ventures Ltd RPSGVENTAHEAD | ₹3.0K Cr | ₹894 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Protean eGov Technologies Ltd PROTEANAHEAD | ₹2.4K Cr | ₹594 | 2026-07-19 | Mar 2026 | Cross-checked |
| Hinduja Global Solutions Ltd HGS⚠ unverified | ₹2.0K Cr | ₹423 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Aurum Proptech Ltd AURUMAHEAD20/26 WEEKS⚠ unverified | ₹1.6K Cr | ₹221 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| One Point One Solutions Ltd ONEPOINT⚠ unverified | ₹1.4K Cr | ₹54.0 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Alldigi Tech Ltd ALLDIGI⚠ unverified | ₹1.3K Cr | ₹823 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| IRIS Regtech Solutions Ltd IRISAHEADLAGGING, FUNDAMENTALS UP | ₹503 Cr | ₹244 | 2026-07-19 | Mar 2026 | Primary source only |
How each company's sources stand: 4 of 12 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 3 of 12 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Latent View Analytics Ltd (LATENTVIEW) — its two data sources disagree by up to 4% on reported income across 14 comparable periods, so its derived ratios are withheld; Route Mobile Ltd (ROUTE) — its two data sources disagree by up to 9% on reported income across 14 comparable periods, so its derived ratios are withheld; RPSG Ventures Ltd (RPSGVENT) — its two data sources disagree by up to 311% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 12 IT Enabled Services companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 5 unverified · 3 withheld, of 12 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
IT Enabled Services company comparison FAQs
These 18 answers restate the IT Enabled Services comparison above in question form. Every one is computed from the same 12 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty IT Enabled Services index?
The Nifty IT Enabled Services index tracks India's listed IT Enabled Services companies as a single basket. This page follows the same 12 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the IT Enabled Services sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best IT Enabled Services stocks in India?
Ranked by this page's four-factor score, eClerx Services Ltd places first among 12 listed IT Enabled Services companies, followed by Firstsource Solutions Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many IT Enabled Services stocks are listed in India?
This comparison covers 12 listed IT Enabled Services companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which IT Enabled Services company is the biggest?
RPSG Ventures Ltd is the largest, with trailing-twelve-month revenue of ₹11,322 crore, ahead of Firstsource Solutions Ltd at ₹9,556 crore. That covers 12 of 12 companies with comparable reporting through Mar 2026.
Which IT Enabled Services company is growing fastest?
Aurum Proptech Ltd has the fastest revenue growth at 64.1% year on year, across 12 of 12 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which IT Enabled Services company has the best profit margins?
Alldigi Tech Ltd has the highest operating margin at 28%, from 12 of 12 comparable companies. Aurum Proptech Ltd shows the biggest recent improvement, at +9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which IT Enabled Services company makes the most profit?
eClerx Services Ltd earns the most, at ₹707 crore of trailing-twelve-month net profit, from 12 of 12 comparable companies. IRIS Regtech Solutions Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which IT Enabled Services company earns the highest return on capital?
eClerx Services Ltd leads on return on capital employed at 34.8%, across 12 of 12 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which IT Enabled Services stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — eClerx Services Ltd screens cheapest at 0.67×. Only 4 of 12 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which IT Enabled Services company has the strongest balance sheet?
IRIS Regtech Solutions Ltd carries the lowest comparable gross debt at ₹2 crore, from 12 of 12 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which IT Enabled Services stock has the strongest price momentum?
Aurum Proptech Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which IT Enabled Services company scores highest for research priority?
eClerx Services Ltd scores 75.6 out of 100 with 89.6% evidence confidence, from 28.3 points on growth and earnings, 21.8 on capital efficiency, 13 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many IT Enabled Services companies does this comparison cover, and over what period?
It compares 12 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the IT Enabled Services sector?
The 12 IT Enabled Services companies on this page carry ₹62,925 crore of combined market value. Firstsource Solutions Ltd is the largest at ₹17,929 crore, about 28% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the IT Enabled Services sector's P/E ratio?
The median price-to-earnings ratio across the 12 IT Enabled Services companies on this page is 24.8×, measured on the 11 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the IT Enabled Services sector performing?
4 of the 12 covered IT Enabled Services companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.