# IT Enabled Services/Business Process Outsourcing — company-by-company sector analysis

> IT Enabled Services/Business Process Outsourcing: Brightcom Group Ltd owns the largest revenue base; Colab Platforms Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

IT Enabled Services/Business Process Outsourcing has underperformed NIFTY 500 by 1.7% over 52 weeks and 0.7% over 13 weeks. 2 of 5 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself. Brightcom Group Ltd leads with revenue of ₹6,928 crore, based on 6 of 6 comparable companies through Mar 2026.

### Is the IT Enabled Services/Business Process Outsourcing sector outperforming NIFTY 500?

IT Enabled Services/Business Process Outsourcing has underperformed NIFTY 500 by 1.7% over 52 weeks and 0.7% over 13 weeks. 2 of 5 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself.

### Which IT Enabled Services/Business Process Outsourcing company is largest by revenue?

Brightcom Group Ltd leads with revenue of ₹6,928 crore, based on 6 of 6 comparable companies through Mar 2026.

### Which IT Enabled Services/Business Process Outsourcing company is growing fastest?

Colab Platforms Ltd has the fastest current revenue growth at 100%, across 4 of 6 comparable companies.

### Which IT Enabled Services/Business Process Outsourcing company has the strongest 4-Factor Sector Score?

Inventurus Knowledge Solutions Ltd ranks first at 82.2/100 with 88.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which IT Enabled Services/Business Process Outsourcing company reports the most CAPEX?

Inventurus Knowledge Solutions Ltd reports the largest latest CAPEX at ₹2 crore, with 1 of 6 companies comparable.

### Which IT Enabled Services/Business Process Outsourcing company has the least gross debt?

Brightcom Group Ltd has the lowest comparable gross debt at ₹0 crore. Inventurus Knowledge Solutions Ltd has the highest at ₹753 crore.

### Which IT Enabled Services/Business Process Outsourcing company has the lowest comparable PEG?

Inventurus Knowledge Solutions Ltd has the lowest comparable Guarded PEG at 1.13, among 1 of 6 companies that pass the metric’s comparability rules.

### How much history does this IT Enabled Services/Business Process Outsourcing 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.

## Sector relative strength

IT Enabled Services/Business Process Outsourcing has underperformed NIFTY 500 by 1.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.7%. 2 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Colab Platforms Ltd is the strongest against the sector itself at +81.8%.

13-week sector return versus NIFTY 500: -0.7%
52-week sector return versus NIFTY 500: -1.7%
Stocks leading NIFTY: 2/5
Stocks leading sector: 2/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 6
Combined market value: ₹51.3K Cr

## 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.

1. Inventurus Knowledge Solutions Ltd (IKS): 82/100 — Sector-leading setup; evidence 89%
   - Growth & earnings 31.3/35 | Capital efficiency 18.6/25 | Valuation 13.1/20 | Relative strength 19.2/20
   - Exact sum: 31.3 + 18.6 + 13.1 + 19.2 = 82.2
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. Colab Platforms Ltd (COLAB): 64/100 — Thin evidence · provisional; evidence 51%
   - Growth & earnings 23.3/35 | Capital efficiency 15.4/25 | Valuation 8.5/20 | Relative strength 17.0/20
   - Exact sum: 23.3 + 15.4 + 8.5 + 17 = 64.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3. Brightcom Group Ltd (BCG): 56/100 — Mixed-positive evidence; evidence 70%
   - Growth & earnings 25.1/35 | Capital efficiency 15.2/25 | Valuation 11.5/20 | Relative strength 4.6/20
   - Exact sum: 25.1 + 15.2 + 11.5 + 4.6 = 56.4
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14% and the one-year return is -44.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4. Vakrangee Ltd (VAKRANGEE): 35/100 — Adverse evidence; evidence 76%
   - Growth & earnings 14.8/35 | Capital efficiency 9.3/25 | Valuation 9.7/20 | Relative strength 0.9/20
   - Exact sum: 14.8 + 9.3 + 9.7 + 0.9 = 34.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Fractal Analytics Ltd (FRACTAL): 54/100 — Thin evidence · provisional; evidence 39%
   - Growth & earnings 19.7/35 | Capital efficiency 13.0/25 | Valuation 10.9/20 | Relative strength 10.0/20
   - Exact sum: 19.7 + 13 + 10.9 + 10 = 53.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6. Digitide Solutions Ltd (DIGITIDE): 34/100 — Thin evidence · provisional; evidence 45%
   - Growth & earnings 12.8/35 | Capital efficiency 5.0/25 | Valuation 9.1/20 | Relative strength 7.5/20
   - Exact sum: 12.8 + 5 + 9.1 + 7.5 = 34.4
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: Brightcom Group Ltd is the scale leader at ₹6,928 crore, 100.8% ahead of Fractal Analytics Ltd. Colab Platforms Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 162.5% from a ₹128 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Brightcom Group Ltd is the scale benchmark; Colab Platforms Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Brightcom Group Ltd's growth falls below Colab Platforms Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Brightcom Group Ltd · ₹6,928 crore | 100.8% versus #2 · Fractal Analytics Ltd | 6/8 recent comparable periods | 6/6 companies · 68 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Brightcom Group Ltd (BCG): ₹6.9K Cr
2. Fractal Analytics Ltd (FRACTAL): ₹3.5K Cr
3. Inventurus Knowledge Solutions Ltd (IKS): ₹3.2K Cr
4. Digitide Solutions Ltd (DIGITIDE): ₹3.1K Cr
5. Vakrangee Ltd (VAKRANGEE): ₹255 Cr

### Revenue growth — fastest growers
1. Colab Platforms Ltd (COLAB): 100% — older report
2. Brightcom Group Ltd (BCG): 35%
3. Inventurus Knowledge Solutions Ltd (IKS): 20%
4. Vakrangee Ltd (VAKRANGEE): -0.1%

### 20-quarter Revenue history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹315 Cr | Sep 2023 ₹315 Cr | Dec 2023 ₹567 Cr | Mar 2024 ₹620 Cr | Jun 2024 ₹640 Cr | Sep 2024 ₹643 Cr | Dec 2024 ₹657 Cr | Mar 2025 ₹724 Cr | Jun 2025 ₹740 Cr | Sep 2025 ₹781 Cr | Dec 2025 ₹815 Cr | Mar 2026 ₹858 Cr | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 ₹707 Cr | Mar 2025 ₹758 Cr | Jun 2025 ₹760 Cr | Sep 2025 ₹798 Cr | Dec 2025 ₹854 Cr | Mar 2026 ₹886 Cr | Jun 2026 ₹912 Cr
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹11 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹23 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹46 Cr | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹1.7K Cr | Dec 2022 ₹2.9K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹453 Cr | Mar 2024 ₹705 Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹987 Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹696 Cr | Sep 2024 — | Dec 2024 ₹733 Cr | Mar 2025 ₹733 Cr | Jun 2025 ₹736 Cr | Sep 2025 ₹764 Cr | Dec 2025 ₹780 Cr | Mar 2026 ₹800 Cr | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹49 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹52 Cr | Dec 2023 ₹52 Cr | Mar 2024 ₹54 Cr | Jun 2024 ₹59 Cr | Sep 2024 ₹65 Cr | Dec 2024 ₹68 Cr | Mar 2025 ₹63 Cr | Jun 2025 ₹69 Cr | Sep 2025 ₹69 Cr | Dec 2025 ₹60 Cr | Mar 2026 ₹57 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 103% | Sep 2024 104% | Dec 2024 16% | Mar 2025 17% | Jun 2025 16% | Sep 2025 21% | Dec 2025 24% | Mar 2026 19% | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 21% | Mar 2026 17% | Jun 2026 20%
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 84% | Mar 2024 -78% | Jun 2024 6,117% | Sep 2024 7,772% | Dec 2024 1,975% | Mar 2025 18,473% | Jun 2025 95% | Sep 2025 183% | Dec 2025 96% | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 7.8% | Dec 2023 -84% | Mar 2024 -48% | Jun 2024 -30% | Sep 2024 -28% | Dec 2024 270% | Mar 2025 40% | Jun 2025 23% | Sep 2025 26% | Dec 2025 33% | Mar 2026 62% | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 5.7% | Sep 2025 — | Dec 2025 6.5% | Mar 2026 9.2% | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 4.9% | Mar 2024 5.8% | Jun 2024 5.6% | Sep 2024 27% | Dec 2024 32% | Mar 2025 17% | Jun 2025 17% | Sep 2025 5.9% | Dec 2025 -11% | Mar 2026 -10% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Inventurus Knowledge Solutions Ltd leads both opm at 34% and margin change at +3 percentage points.

Investor read: Inventurus Knowledge Solutions 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.

Evidence: Inventurus Knowledge Solutions Ltd · 34% | 30.8% versus #2 · Brightcom Group Ltd | 5/8 recent comparable periods | 6/6 companies · 81 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Inventurus Knowledge Solutions Ltd (IKS): 34%
2. Brightcom Group Ltd (BCG): 26%
3. Fractal Analytics Ltd (FRACTAL): 13%
4. Digitide Solutions Ltd (DIGITIDE): 11%
5. Vakrangee Ltd (VAKRANGEE): 8.4%

### Margin change — fastest expanders
1. Inventurus Knowledge Solutions Ltd (IKS): +3.0 pp
2. Fractal Analytics Ltd (FRACTAL): +2.0 pp
3. Brightcom Group Ltd (BCG): 0.0 pp
4. Digitide Solutions Ltd (DIGITIDE): −0.2 pp
5. Colab Platforms Ltd (COLAB): −2.4 pp — older report

### 20-quarter OPM history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 35% | Sep 2023 37% | Dec 2023 29% | Mar 2024 20% | Jun 2024 27% | Sep 2024 29% | Dec 2024 28% | Mar 2025 31% | Jun 2025 32% | Sep 2025 35% | Dec 2025 34% | Mar 2026 34% | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 8.6% | Dec 2024 12% | Mar 2025 16% | Jun 2025 11% | Sep 2025 9.0% | Dec 2025 13% | Mar 2026 20% | Jun 2026 13%
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 79% | Jun 2022 61% | Sep 2022 74% | Dec 2022 69% | Mar 2023 94% | Jun 2023 44% | Sep 2023 67% | Dec 2023 77% | Mar 2024 36% | Jun 2024 4.0% | Sep 2024 -0.3% | Dec 2024 2.3% | Mar 2025 5.8% | Jun 2025 -0.3% | Sep 2025 0.8% | Dec 2025 -0.0% | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 32% | Dec 2021 28% | Mar 2022 31% | Jun 2022 31% | Sep 2022 30% | Dec 2022 28% | Mar 2023 29% | Jun 2023 31% | Sep 2023 30% | Dec 2023 9.0% | Mar 2024 18% | Jun 2024 25% | Sep 2024 26% | Dec 2024 26% | Mar 2025 26% | Jun 2025 26% | Sep 2025 26% | Dec 2025 24% | Mar 2026 26% | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 15% | Sep 2024 — | Dec 2024 15% | Mar 2025 11% | Jun 2025 11% | Sep 2025 11% | Dec 2025 11% | Mar 2026 11% | Jun 2026 —
- VAKRANGEE: Sep 2021 19% | Dec 2021 21% | Mar 2022 13% | Jun 2022 8.7% | Sep 2022 4.1% | Dec 2022 10% | Mar 2023 9.3% | Jun 2023 12% | Sep 2023 11% | Dec 2023 12% | Mar 2024 14% | Jun 2024 11% | Sep 2024 8.0% | Dec 2024 8.1% | Mar 2025 11% | Jun 2025 11% | Sep 2025 11% | Dec 2025 13% | Mar 2026 8.4% | Jun 2026 —

### 20-quarter Margin change history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 −7.9 pp | Sep 2024 −7.8 pp | Dec 2024 −1.0 pp | Mar 2025 +11.0 pp | Jun 2025 +5.0 pp | Sep 2025 +6.0 pp | Dec 2025 +6.0 pp | Mar 2026 +3.0 pp | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +0.4 pp | Dec 2025 +1.0 pp | Mar 2026 +4.0 pp | Jun 2026 +2.0 pp
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +15.2 pp | Jun 2023 −16.7 pp | Sep 2023 −7.0 pp | Dec 2023 +7.9 pp | Mar 2024 −57.8 pp | Jun 2024 −40.4 pp | Sep 2024 −67.0 pp | Dec 2024 −74.5 pp | Mar 2025 −30.5 pp | Jun 2025 −4.3 pp | Sep 2025 +1.1 pp | Dec 2025 −2.4 pp | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 +0.8 pp | Dec 2021 −0.3 pp | Mar 2022 −1.4 pp | Jun 2022 −0.6 pp | Sep 2022 −1.7 pp | Dec 2022 −0.2 pp | Mar 2023 −1.9 pp | Jun 2023 +0.2 pp | Sep 2023 0.0 pp | Dec 2023 −19.0 pp | Mar 2024 −11.0 pp | Jun 2024 −6.0 pp | Sep 2024 −4.0 pp | Dec 2024 +17.0 pp | Mar 2025 +8.0 pp | Jun 2025 +1.0 pp | Sep 2025 0.0 pp | Dec 2025 −2.0 pp | Mar 2026 0.0 pp | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 −4.0 pp | Sep 2025 — | Dec 2025 −3.9 pp | Mar 2026 −0.2 pp | Jun 2026 —
- VAKRANGEE: Sep 2021 +11.1 pp | Dec 2021 +10.7 pp | Mar 2022 +1.1 pp | Jun 2022 −12.5 pp | Sep 2022 −14.6 pp | Dec 2022 −10.4 pp | Mar 2023 −3.7 pp | Jun 2023 +3.2 pp | Sep 2023 +7.4 pp | Dec 2023 +1.9 pp | Mar 2024 +4.9 pp | Jun 2024 −0.7 pp | Sep 2024 −3.5 pp | Dec 2024 −4.0 pp | Mar 2025 −3.3 pp | Jun 2025 +0.2 pp | Sep 2025 +2.5 pp | Dec 2025 +4.9 pp | Mar 2026 −2.4 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Brightcom Group Ltd leads with ₹963 crore of TTM profit, 33.4% above Inventurus Knowledge Solutions Ltd. Colab Platforms Ltd shows ≥100% on the scoring scale (130% uncapped) growth from a ₹5 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Brightcom Group 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.

Evidence: Brightcom Group Ltd · ₹963 crore | 33.4% versus #2 · Inventurus Knowledge Solutions Ltd | 5/8 recent comparable periods | 6/6 companies · 68 observations

Definition: 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 profit — largest
1. Brightcom Group Ltd (BCG): ₹963 Cr
2. Inventurus Knowledge Solutions Ltd (IKS): ₹722 Cr
3. Fractal Analytics Ltd (FRACTAL): ₹321 Cr
4. Vakrangee Ltd (VAKRANGEE): ₹11 Cr
5. Digitide Solutions Ltd (DIGITIDE): ₹6 Cr

### Profit growth — fastest growers
1. Colab Platforms Ltd (COLAB): 100% — older report
2. Vakrangee Ltd (VAKRANGEE): 74%
3. Inventurus Knowledge Solutions Ltd (IKS): 49%
4. Brightcom Group Ltd (BCG): 35%

### 20-quarter Net profit history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹103 Cr | Sep 2023 ₹103 Cr | Dec 2023 ₹102 Cr | Mar 2024 ₹64 Cr | Jun 2024 ₹95 Cr | Sep 2024 ₹113 Cr | Dec 2024 ₹130 Cr | Mar 2025 ₹148 Cr | Jun 2025 ₹152 Cr | Sep 2025 ₹181 Cr | Dec 2025 ₹183 Cr | Mar 2026 ₹206 Cr | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 ₹92 Cr | Mar 2025 ₹56 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹33 Cr | Dec 2025 ₹100 Cr | Mar 2026 ₹116 Cr | Jun 2026 ₹72 Cr
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹1 Cr | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹321 Cr | Dec 2022 ₹544 Cr | Mar 2023 ₹229 Cr | Jun 2023 ₹321 Cr | Sep 2023 ₹352 Cr | Dec 2023 ₹-24 Cr | Mar 2024 ₹37 Cr | Jun 2024 ₹160 Cr | Sep 2024 ₹186 Cr | Dec 2024 ₹244 Cr | Mar 2025 ₹121 Cr | Jun 2025 ₹211 Cr | Sep 2025 ₹233 Cr | Dec 2025 ₹311 Cr | Mar 2026 ₹208 Cr | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹55 Cr | Sep 2024 — | Dec 2024 ₹29 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹-2 Cr | Mar 2026 ₹-5 Cr | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹2 Cr | Jun 2026 —

### 20-quarter Profit growth history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -7.8% | Sep 2024 9.7% | Dec 2024 27% | Mar 2025 131% | Jun 2025 60% | Sep 2025 60% | Dec 2025 41% | Mar 2026 39% | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 8.7% | Mar 2026 107% | Jun 2026 89%
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 110% | Mar 2024 11% | Jun 2024 105% | Sep 2024 10% | Dec 2024 4.6% | Mar 2025 375% | Jun 2025 167% | Sep 2025 196% | Dec 2025 21% | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 9.7% | Dec 2023 -104% | Mar 2024 -84% | Jun 2024 -50% | Sep 2024 -47% | Dec 2024 — | Mar 2025 227% | Jun 2025 32% | Sep 2025 25% | Dec 2025 27% | Mar 2026 72% | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -82% | Sep 2025 — | Dec 2025 -107% | Mar 2026 — | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 854% | Mar 2024 222% | Jun 2024 357% | Sep 2024 40% | Dec 2024 -16% | Mar 2025 15% | Jun 2025 48% | Sep 2025 414% | Dec 2025 203% | Mar 2026 -36% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: Inventurus Knowledge Solutions Ltd reports ₹2 crore of CAPEX; Inventurus Knowledge Solutions Ltd has the highest covered intensity at 0.6%. Coverage is only 1 of 6 companies and 2 reported observations, so this is partial evidence—not a complete sector rank.

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.

Evidence: Inventurus Knowledge Solutions Ltd · ₹2 crore | Not enough peers | 2/2 recent comparable periods | 1/6 companies · 2 observations

Definition: 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.

### CAPEX — largest spenders
1. Inventurus Knowledge Solutions Ltd (IKS): ₹2 Cr

### CAPEX intensity — highest reinvestment intensity
1. Inventurus Knowledge Solutions Ltd (IKS): 0.6%

### 20-quarter CAPEX history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹2 Cr | Sep 2023 ₹2 Cr | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter CAPEX intensity history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.6% | Sep 2023 0.6% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: Vakrangee Ltd has the clearest covered balance-sheet capacity with ₹53 crore net cash and gross debt of ₹4 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

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.

Evidence: Brightcom Group Ltd · ₹0 crore | null versus #2 · Colab Platforms Ltd | Not enough history | 6/6 companies · 47 observations

Definition: 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 debt — lowest gross debt
1. Brightcom Group Ltd (BCG): ₹0 Cr
2. Colab Platforms Ltd (COLAB): ₹0 Cr — older report
3. Vakrangee Ltd (VAKRANGEE): ₹4 Cr
4. Fractal Analytics Ltd (FRACTAL): ₹418 Cr
5. Digitide Solutions Ltd (DIGITIDE): ₹531 Cr

### Net debt — lowest net debt
1. Vakrangee Ltd (VAKRANGEE): ₹-53 Cr
2. Inventurus Knowledge Solutions Ltd (IKS): ₹144 Cr
3. Digitide Solutions Ltd (DIGITIDE): ₹274 Cr

### 20-quarter Gross debt history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹65 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹52 Cr | Jun 2023 ₹52 Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1.3K Cr | Jun 2024 — | Sep 2024 ₹935 Cr | Dec 2024 — | Mar 2025 ₹856 Cr | Jun 2025 ₹856 Cr | Sep 2025 ₹766 Cr | Dec 2025 ₹766 Cr | Mar 2026 ₹753 Cr | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹301 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹326 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹364 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹430 Cr | Jun 2025 — | Sep 2025 ₹423 Cr | Dec 2025 — | Mar 2026 ₹418 Cr | Jun 2026 —
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 ₹351 Cr | Mar 2025 ₹354 Cr | Jun 2025 ₹354 Cr | Sep 2025 ₹427 Cr | Dec 2025 ₹427 Cr | Mar 2026 ₹531 Cr | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 ₹27 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹58 Cr | Jun 2023 ₹58 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹53 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹10 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹4 Cr | Jun 2026 —

### 20-quarter Net debt history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹-471 Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹827 Cr | Jun 2024 — | Sep 2024 ₹664 Cr | Dec 2024 — | Mar 2025 ₹664 Cr | Jun 2025 ₹664 Cr | Sep 2025 ₹537 Cr | Dec 2025 ₹537 Cr | Mar 2026 ₹144 Cr | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹87 Cr | Jun 2025 ₹87 Cr | Sep 2025 ₹265 Cr | Dec 2025 ₹265 Cr | Mar 2026 ₹274 Cr | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-21 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹32 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹-36 Cr | Jun 2024 ₹-37 Cr | Sep 2024 ₹-34 Cr | Dec 2024 ₹-34 Cr | Mar 2025 ₹-77 Cr | Jun 2025 ₹-77 Cr | Sep 2025 ₹-88 Cr | Dec 2025 ₹-88 Cr | Mar 2026 ₹-53 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Inventurus Knowledge Solutions Ltd leads ROCE at 36.9%, 20.3 percentage points above Colab Platforms Ltd. Colab Platforms Ltd has the strongest latest improvement at +8 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.

Investor read: Inventurus Knowledge Solutions 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.

Evidence: Inventurus Knowledge Solutions Ltd · 36.9% | 122.3% versus #2 · Colab Platforms Ltd | 4/4 recent comparable periods | 6/6 companies · 43 observations

Definition: 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.

### ROCE — highest
1. Inventurus Knowledge Solutions Ltd (IKS): 37%
2. Colab Platforms Ltd (COLAB): 17% — older report
3. Brightcom Group Ltd (BCG): 15%
4. Fractal Analytics Ltd (FRACTAL): 13%
5. Digitide Solutions Ltd (DIGITIDE): 11%

### ROCE change — fastest improvers
1. Colab Platforms Ltd (COLAB): +8.0 pp — older report
2. Inventurus Knowledge Solutions Ltd (IKS): +4.3 pp
3. Brightcom Group Ltd (BCG): +1.8 pp
4. Fractal Analytics Ltd (FRACTAL): +1.0 pp
5. Vakrangee Ltd (VAKRANGEE): +0.8 pp

### 20-quarter ROCE history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 21% | Jun 2024 — | Sep 2024 26% | Dec 2024 28% | Mar 2025 26% | Jun 2025 32% | Sep 2025 28% | Dec 2025 36% | Mar 2026 30% | Jun 2026 —
- BCG: Sep 2021 21% | Dec 2021 — | Mar 2022 24% | Jun 2022 — | Sep 2022 27% | Dec 2022 — | Mar 2023 27% | Jun 2023 32% | Sep 2023 26% | Dec 2023 18% | Mar 2024 12% | Jun 2024 9.9% | Sep 2024 6.3% | Dec 2024 11% | Mar 2025 12% | Jun 2025 13% | Sep 2025 12% | Dec 2025 14% | Mar 2026 14% | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 18% | Jun 2025 — | Sep 2025 14% | Dec 2025 6.6% | Mar 2026 9.6% | Jun 2026 —
- VAKRANGEE: Sep 2021 2.9% | Dec 2021 — | Mar 2022 2.1% | Jun 2022 — | Sep 2022 -1.9% | Dec 2022 — | Mar 2023 2.0% | Jun 2023 — | Sep 2023 -1.6% | Dec 2023 0.8% | Mar 2024 5.7% | Jun 2024 8.2% | Sep 2024 4.2% | Dec 2024 6.0% | Mar 2025 3.3% | Jun 2025 6.1% | Sep 2025 4.3% | Dec 2025 7.7% | Mar 2026 4.1% | Jun 2026 —

### 20-quarter ROCE change history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +4.8 pp | Jun 2025 — | Sep 2025 +2.0 pp | Dec 2025 +7.9 pp | Mar 2026 +4.3 pp | Jun 2026 —
- BCG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +6.3 pp | Dec 2022 — | Mar 2023 +3.5 pp | Jun 2023 — | Sep 2023 −1.0 pp | Dec 2023 — | Mar 2024 −15.0 pp | Jun 2024 −21.9 pp | Sep 2024 −19.5 pp | Dec 2024 −6.3 pp | Mar 2025 −0.5 pp | Jun 2025 +3.3 pp | Sep 2025 +6.1 pp | Dec 2025 +3.2 pp | Mar 2026 +1.8 pp | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 −8.7 pp | Jun 2026 —
- VAKRANGEE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.8 pp | Dec 2022 — | Mar 2023 −0.1 pp | Jun 2023 — | Sep 2023 +0.3 pp | Dec 2023 — | Mar 2024 +3.7 pp | Jun 2024 — | Sep 2024 +5.8 pp | Dec 2024 +5.2 pp | Mar 2025 −2.4 pp | Jun 2025 −2.1 pp | Sep 2025 +0.1 pp | Dec 2025 +1.7 pp | Mar 2026 +0.8 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Inventurus Knowledge Solutions Ltd has the lowest comparable Guarded PEG at 1.13×. Only 1 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

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.

Evidence: Inventurus Knowledge Solutions Ltd · 1.13× | Not enough peers | 0/6 recent comparable periods | 1/6 companies · 4 observations

Definition: 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 PEG — lowest PEG
1. Inventurus Knowledge Solutions Ltd (IKS): 1.1

### P/E — lowest P/E
1. Brightcom Group Ltd (BCG): 2.0
2. Fractal Analytics Ltd (FRACTAL): 40.7
3. Inventurus Knowledge Solutions Ltd (IKS): 41.9
4. Vakrangee Ltd (VAKRANGEE): 56.0
5. Digitide Solutions Ltd (DIGITIDE): 148.0

### 20-quarter Guarded PEG history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 3.5 | Mar 2025 — | Jun 2025 1.0 | Sep 2025 0.8 | Dec 2025 1.1 | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 88.5 | Mar 2025 70.5 | Jun 2025 56.9 | Sep 2025 47.6 | Dec 2025 46.6 | Mar 2026 35.0 | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 14.3 | Jun 2026 50.8
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 35.6 | Mar 2023 26.7 | Jun 2023 41.3 | Sep 2023 33.7 | Dec 2023 54.8 | Mar 2024 121.1 | Jun 2024 104.0 | Sep 2024 76.6 | Dec 2024 164.1 | Mar 2025 474.4 | Jun 2025 248.1 | Sep 2025 668.3 | Dec 2025 821.7 | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 6.2 | Dec 2021 19.9 | Mar 2022 15.9 | Jun 2022 6.4 | Sep 2022 5.8 | Dec 2022 4.7 | Mar 2023 2.2 | Jun 2023 4.6 | Sep 2023 2.7 | Dec 2023 2.8 | Mar 2024 2.0 | Jun 2024 1.3 | Sep 2024 2.3 | Dec 2024 5.8 | Mar 2025 2.9 | Jun 2025 2.7 | Sep 2025 3.8 | Dec 2025 2.6 | Mar 2026 2.0 | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 70.2 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- VAKRANGEE: Sep 2021 51.1 | Dec 2021 48.0 | Mar 2022 29.2 | Jun 2022 30.0 | Sep 2022 55.8 | Dec 2022 69.8 | Mar 2023 206.9 | Jun 2023 326.0 | Sep 2023 290.8 | Dec 2023 947.5 | Mar 2024 992.5 | Jun 2024 567.0 | Sep 2024 631.2 | Dec 2024 552.3 | Mar 2025 156.8 | Jun 2025 161.7 | Sep 2025 116.9 | Dec 2025 87.3 | Mar 2026 45.6 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: Brightcom Group Ltd leads both ev/ebitda at 0.3× and p/bv at 0.18×.

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.

Evidence: Brightcom Group Ltd · 0.3× | 92.9% versus #2 · Digitide Solutions Ltd | 0/8 recent comparable periods | 6/6 companies · 63 observations

Definition: 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/EBITDA — lowest EV/EBITDA
1. Brightcom Group Ltd (BCG): 0.3
2. Digitide Solutions Ltd (DIGITIDE): 4.2
3. Vakrangee Ltd (VAKRANGEE): 12.8
4. Inventurus Knowledge Solutions Ltd (IKS): 23.1
5. Fractal Analytics Ltd (FRACTAL): 29.0

### P/BV — lowest P/BV
1. Brightcom Group Ltd (BCG): 0.2
2. Digitide Solutions Ltd (DIGITIDE): 1.8
3. Vakrangee Ltd (VAKRANGEE): 3.0
4. Fractal Analytics Ltd (FRACTAL): 4.3
5. Inventurus Knowledge Solutions Ltd (IKS): 13.4

### 20-quarter EV/EBITDA history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 59.9 | Mar 2025 48.5 | Jun 2025 35.4 | Sep 2025 30.3 | Dec 2025 30.4 | Mar 2026 23.1 | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 38.6 | Jun 2026 29.0
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 112.7 | Mar 2023 57.5 | Jun 2023 51.2 | Sep 2023 32.8 | Dec 2023 42.1 | Mar 2024 108.0 | Jun 2024 95.4 | Sep 2024 68.6 | Dec 2024 161.2 | Mar 2025 455.9 | Jun 2025 222.7 | Sep 2025 623.6 | Dec 2025 774.9 | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 5.5 | Dec 2021 6.8 | Mar 2022 13.0 | Jun 2022 4.6 | Sep 2022 3.2 | Dec 2022 2.5 | Mar 2023 1.0 | Jun 2023 2.6 | Sep 2023 1.4 | Dec 2023 1.1 | Mar 2024 0.7 | Jun 2024 0.5 | Sep 2024 0.6 | Dec 2024 1.2 | Mar 2025 0.7 | Jun 2025 0.7 | Sep 2025 1.2 | Dec 2025 0.6 | Mar 2026 0.3 | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 8.2 | Sep 2025 7.1 | Dec 2025 6.1 | Mar 2026 4.2 | Jun 2026 —
- VAKRANGEE: Sep 2021 33.9 | Dec 2021 32.7 | Mar 2022 20.1 | Jun 2022 19.8 | Sep 2022 34.4 | Dec 2022 39.2 | Mar 2023 53.5 | Jun 2023 65.3 | Sep 2023 65.7 | Dec 2023 83.8 | Mar 2024 81.5 | Jun 2024 85.8 | Sep 2024 115.3 | Dec 2024 124.2 | Mar 2025 35.1 | Jun 2025 36.1 | Sep 2025 27.0 | Dec 2025 23.4 | Mar 2026 12.8 | Jun 2026 —

### 20-quarter P/BV history
- IKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 14.7 | Jun 2025 15.4 | Sep 2025 14.4 | Dec 2025 12.7 | Mar 2026 10.4 | Jun 2026 —
- FRACTAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 4.8
- COLAB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.4 | Sep 2022 — | Dec 2022 3.6 | Mar 2023 1.3 | Jun 2023 1.6 | Sep 2023 2.1 | Dec 2023 3.3 | Mar 2024 10.8 | Jun 2024 5.6 | Sep 2024 6.5 | Dec 2024 14.8 | Mar 2025 42.7 | Jun 2025 32.8 | Sep 2025 100.2 | Dec 2025 141.0 | Mar 2026 — | Jun 2026 —
- BCG: Sep 2021 1.0 | Dec 2021 3.4 | Mar 2022 3.2 | Jun 2022 1.0 | Sep 2022 1.1 | Dec 2022 1.0 | Mar 2023 0.6 | Jun 2023 1.2 | Sep 2023 0.7 | Dec 2023 0.5 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.3 | Dec 2025 0.2 | Mar 2026 0.2 | Jun 2026 —
- DIGITIDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 3.2 | Sep 2025 2.8 | Dec 2025 2.3 | Mar 2026 1.3 | Jun 2026 —
- VAKRANGEE: Sep 2021 1.4 | Dec 2021 1.6 | Mar 2022 1.1 | Jun 2022 0.9 | Sep 2022 1.2 | Dec 2022 1.0 | Mar 2023 12.0 | Jun 2023 13.5 | Sep 2023 14.9 | Dec 2023 16.8 | Mar 2024 17.6 | Jun 2024 19.4 | Sep 2024 20.6 | Dec 2024 18.1 | Mar 2025 5.1 | Jun 2025 6.3 | Sep 2025 4.4 | Dec 2025 4.1 | Mar 2026 2.6 | Jun 2026 —

## Market action

Colab Platforms Ltd has the strongest one-year price move in IT Enabled Services/Business Process Outsourcing at +270.6%. It also leads on Mansfield relative strength against NIFTY at +57.4%. 2 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Colab Platforms Ltd (COLAB): 271%
2. Inventurus Knowledge Solutions Ltd (IKS): 11%
3. Vakrangee Ltd (VAKRANGEE): -41%
4. Brightcom Group Ltd (BCG): -44%
5. Digitide Solutions Ltd (DIGITIDE): -59%

### Strongest relative strength versus NIFTY 500
1. Colab Platforms Ltd (COLAB): 57%
2. Inventurus Knowledge Solutions Ltd (IKS): 11%
3. Brightcom Group Ltd (BCG): -18%
4. Vakrangee Ltd (VAKRANGEE): -20%
5. Digitide Solutions Ltd (DIGITIDE): -20%

## What can make this comparison misleading?
- 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.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 3 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.
- 1 company is 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.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Inventurus Knowledge Solutions Ltd (IKS) — market value ₹30.2K Cr; latest fundamentals Mar 2026
- Fractal Analytics Ltd (FRACTAL) — market value ₹13.5K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD
- Colab Platforms Ltd (COLAB) — market value ₹3.5K Cr; latest fundamentals Dec 2025
- Brightcom Group Ltd (BCG) — market value ₹1.9K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Digitide Solutions Ltd (DIGITIDE) — market value ₹1.5K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Vakrangee Ltd (VAKRANGEE) — market value ₹629 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 1. Unverified: 4. Withheld: 1. Graded companies: 6.

3 of 6 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.

1 of 6 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Fractal Analytics Ltd (FRACTAL) — its two data sources disagree by up to 7.3% on reported income across 5 comparable periods, so its derived ratios are withheld.

- WITHHELD | FRACTAL | Fractal Analytics Ltd | diff_gt_2pct | disagreement up to 7.27% over 5 comparable periods

- UNVERIFIED | BCG | Brightcom Group Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | DIGITIDE | Digitide Solutions Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | VAKRANGEE | Vakrangee Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty IT Enabled Services/Business Process Outsourcing index?

The Nifty IT Enabled Services/Business Process Outsourcing index tracks India's listed IT Enabled Services/Business Process Outsourcing companies as a single basket. This page follows the same 6 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/Business Process Outsourcing sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best IT Enabled Services/Business Process Outsourcing stocks in India?

Ranked by this page's four-factor score, Inventurus Knowledge Solutions Ltd places first among 6 listed IT Enabled Services/Business Process Outsourcing companies, followed by Colab Platforms 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/Business Process Outsourcing stocks are listed in India?

This comparison covers 6 listed IT Enabled Services/Business Process Outsourcing 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/Business Process Outsourcing company is the biggest?

Brightcom Group Ltd is the largest, with trailing-twelve-month revenue of ₹6,928 crore, ahead of Fractal Analytics Ltd at ₹3,450 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

### Which IT Enabled Services/Business Process Outsourcing company is growing fastest?

Colab Platforms Ltd has the fastest revenue growth at 100% year on year, across 4 of 6 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/Business Process Outsourcing company has the best profit margins?

Inventurus Knowledge Solutions Ltd has the highest operating margin at 34%, from 6 of 6 comparable companies. Inventurus Knowledge Solutions Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which IT Enabled Services/Business Process Outsourcing company makes the most profit?

Brightcom Group Ltd earns the most, at ₹963 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Colab Platforms 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/Business Process Outsourcing company earns the highest return on capital?

Inventurus Knowledge Solutions Ltd leads on return on capital employed at 36.9%, across 6 of 6 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/Business Process Outsourcing stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Inventurus Knowledge Solutions Ltd screens cheapest at 1.13×. Only 1 of 6 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/Business Process Outsourcing company has the strongest balance sheet?

Brightcom Group Ltd carries the lowest comparable gross debt at ₹0 crore, from 6 of 6 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.

### Is the IT Enabled Services/Business Process Outsourcing sector beating the market?

IT Enabled Services/Business Process Outsourcing has underperformed NIFTY 500 by 1.7% over the last 52 weeks and 0.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which IT Enabled Services/Business Process Outsourcing stock has the strongest price momentum?

Colab Platforms 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/Business Process Outsourcing company scores highest for research priority?

Inventurus Knowledge Solutions Ltd scores 82.2 out of 100 with 88.6% evidence confidence, from 31.3 points on growth and earnings, 18.6 on capital efficiency, 13.1 on valuation and 19.2 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/Business Process Outsourcing companies does this comparison cover, and over what period?

It compares 6 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/Business Process Outsourcing sector?

The 6 IT Enabled Services/Business Process Outsourcing companies on this page carry ₹51,300 crore of combined market value. Inventurus Knowledge Solutions Ltd is the largest at ₹30,209 crore, about 59% 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/Business Process Outsourcing sector's P/E ratio?

The median price-to-earnings ratio across the 6 IT Enabled Services/Business Process Outsourcing companies on this page is 56×, measured on the 6 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/Business Process Outsourcing sector performing?

2 of the 5 covered IT Enabled Services/Business Process Outsourcing companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 1.7% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. 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.

Narrative sector analysis: https://www.sectoralpha.in/sectors/it-enabled-services-business-process-outsourcing