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.

01 · the index people search for

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.

02 · the sector itself · before any single company

How has IT Enabled Services moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 22% behind NIFTY 500. Earnings across its companies grew 8% 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 months2 are 20% or more behind over a year while earnings grew 20% or more

RS ↑13w · 5/12 >200d (+2) · 7/12 lead (+0) · 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

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.

03 · sector relative strength, before individual stocks

Is IT Enabled Services outperforming NIFTY 500?

IT Enabled Services has underperformed NIFTY 500 by 14% over the last 52 weeks. Over 13 weeks the gap is a lead of 11.3%. 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.

+11.3%Sector vs NIFTY 500 · 13 weeks

-14.0%Sector vs NIFTY 500 · 52 weeks

4/12Stocks leading NIFTY 500

6/12Stocks 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

IT Enabled Services has underperformed NIFTY 500 by 14% over 52 weeks and 11.3% over 13 weeks. 4 of 12 covered companies beat NIFTY on Mansfield relative strength, while 6 of 12 beat the sector itself. RPSG Ventures Ltd leads with revenue of ₹11,322 crore, based on 12 of 12 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

₹66.8K Cr

Firstsource Solutions Ltd

Revenue growing

10/12

positive TTM year-on-year growth

Beating NIFTY 500

4/12

positive Mansfield relative strength

Comparing 5 of 12

04 · 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.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1eClerx Services LtdECLERX	73.6/100Favorable setup90% evidence	TURNING	28.3/35 Revenue 22.3% · PAT 30.4% · OPM change 2 pp 88% evidence	22.9/25 ROCE 34.8% · OPM 26% 100% evidence	12.1/20 P/E 24.6× · PEG 0.67 100% evidence	10.3/20 RS sector 0.8% · RS bench -3.6% · 1Y 1.2%3 of 10 weeks ahead 70% evidence
Exact sum: 28.3 + 22.9 + 12.1 + 10.3 = 73.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Firstsource Solutions LtdFSL	68.7/100Favorable setup96% evidence	BREAKING OUT	23.0/35 Revenue 19.8% · PAT 13.5% · OPM change 2 pp 88% evidence	17.9/25 ROCE 16.8% · OPM 17% 100% evidence	12.4/20 P/E 28.6× · PEG 0.77 100% evidence	15.4/20 RS sector 1.9% · RS bench 1.3% · 1Y -10.7%8 of 12 weeks ahead 100% evidence
Exact sum: 23 + 17.9 + 12.4 + 15.4 = 68.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Alldigi Tech LtdALLDIGI	61.8/100Mixed-positive evidence81% evidence	ASLEEP	18.7/35 Revenue 8% · PAT 30.3% · OPM change 3 pp 95% evidence	20.8/25 ROCE 27.9% · OPM 28% 95% evidence	10.1/20 P/E 13.4× · PEG — 50% evidence	12.2/20 RS sector 5.2% · RS bench -6% · 1Y -18.3%0 of 10 weeks ahead 70% evidence
Exact sum: 18.7 + 20.8 + 10.1 + 12.2 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Aurum Proptech LtdAURUM	58.4/100Mixed-positive evidence66% evidence	TURNING	27.0/35 Revenue 64.1% · PAT 100% · OPM change 9 pp 71% evidence	5.9/25 ROCE 1.8% · OPM 26% 95% evidence	8.5/20 P/E 1686× · PEG — 15% evidence	17.0/20 RS sector 19.7% · RS bench 18.7% · 1Y 12.1%7 of 10 weeks ahead 70% evidence
Exact sum: 27 + 5.9 + 8.5 + 17 = 58.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5One Point One Solutions LtdONEPOINT	55.3/100Mixed-positive evidence76% evidence	TURNING	21.0/35 Revenue 22.3% · PAT 15.2% · OPM change 5 pp 83% evidence	12.9/25 ROCE 10.9% · OPM 23% 95% evidence	9.1/20 P/E 38.5× · PEG — 15% evidence	12.3/20 RS sector 8.9% · RS bench 9.9% · 1Y 17%9 of 12 weeks ahead 100% evidence
Exact sum: 21 + 12.9 + 9.1 + 12.3 = 55.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Happiest Minds Technologies LtdHAPPSTMNDS	55.0/100Mixed-positive evidence94% evidence	ASLEEP	21.9/35 Revenue 11.5% · PAT 16.8% · OPM change 2 pp 100% evidence	12.9/25 ROCE 13.3% · OPM 19% 100% evidence	13.1/20 P/E 24.5× · PEG 1.4 100% evidence	7.1/20 RS sector -1.4% · RS bench -15.7% · 1Y -38.5%0 of 11 weeks ahead 70% evidence
Exact sum: 21.9 + 12.9 + 13.1 + 7.1 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Latent View Analytics LtdLATENTVIEW	47.1/100Mixed-negative evidence76% evidence	TURNING	17.9/35 Revenue 22.9% · PAT 7% · OPM change -1 pp 95% evidence	15.9/25 ROCE 15.8% · OPM 20% 76% evidence	9.8/20 P/E 33.5× · PEG — 50% evidence	3.5/20 RS sector -16.7% · RS bench -16.8% · 1Y -23.4%1 of 10 weeks ahead 70% evidence
Exact sum: 17.9 + 15.9 + 9.8 + 3.5 = 47.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Protean eGov Technologies LtdPROTEAN	43.1/100Mixed-negative evidence90% evidence	TURNING	20.5/35 Revenue 18.7% · PAT 8.7% · OPM change 4 pp 88% evidence	9.3/25 ROCE 12.7% · OPM 12% 100% evidence	9.1/20 P/E 24.1× · PEG 4.02 100% evidence	4.2/20 RS sector -25.8% · RS bench -11.8% · 1Y -22.6%9 of 11 weeks ahead 70% evidence
Exact sum: 20.5 + 9.3 + 9.1 + 4.2 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9RPSG Ventures LtdRPSGVENT	43.1/100Mixed-negative evidence68% evidence	TURNING	12.0/35 Revenue 17.8% · PAT -80% · OPM change 0 pp 83% evidence	7.0/25 ROCE 10.6% · OPM 13% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	14.1/20 RS sector 10.7% · RS bench 11.3% · 1Y -6.1%7 of 12 weeks ahead 100% evidence
Exact sum: 12 + 7 + 10 + 14.1 = 43.1 · Decision use: Price leads the evidence: RS versus the benchmark is 11.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
10Route Mobile LtdROUTE	42.1/100Mixed-negative evidence82% evidence	FADING	8.4/35 Revenue -0.3% · PAT -14.2% · OPM change 0 pp 95% evidence	14.1/25 ROCE 17.2% · OPM 9% 76% evidence	13.6/20 P/E 9.6× · PEG — 50% evidence	6.0/20 RS sector -14.8% · RS bench -15.4% · 1Y -41.7%6 of 12 weeks ahead 100% evidence
Exact sum: 8.4 + 14.1 + 13.6 + 6 = 42.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
11IRIS Regtech Solutions LtdIRIS	41.9/100Mixed-negative evidence83% evidence	FADING	14.8/35 Revenue 9.7% · PAT 100% · OPM change -4.9 pp 83% evidence	8.8/25 ROCE 10.6% · OPM 13.7% 95% evidence	13.9/20 P/E 4.1× · PEG — 50% evidence	4.4/20 RS sector -13.2% · RS bench -13.4% · 1Y -33.8%4 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 8.8 + 13.9 + 4.4 = 41.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12Hinduja Global Solutions LtdHGS	27.7/100Adverse evidence62% evidence	TURNING	7.7/35 Revenue -2.2% · PAT -80% · OPM change -9.5 pp 62% evidence	4.0/25 ROCE 1.4% · OPM 2.5% 95% evidence	8.8/20 P/E 60.9× · PEG — 15% evidence	7.2/20 RS sector -3.1% · RS bench -6.4% · 1Y -26.7%6 of 10 weeks ahead 70% evidence
Exact sum: 7.7 + 4 + 8.8 + 7.2 = 27.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Showing 10 of 12 companies

05 · what price has already done

Market action

One Point One Solutions Ltd has the strongest one-year price move in IT Enabled Services at +17%. Aurum Proptech Ltd leads on Mansfield relative strength against NIFTY at +18.7%. 4 of 12 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · 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 · 191 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 LATENTVIEW23%

3eClerx Services Ltd ECLERX22%

4One Point One Solutions Ltd ONEPOINT⚠ unverified22%

5Firstsource Solutions Ltd FSL20%

Revenue · company comparison

12/12 level · 12/12 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them 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	₹629 Cr	14%	Jun 2026
Protean eGov Technologies Ltd PROTEAN	₹308 Cr	39%	Mar 2026
Latent View Analytics Ltd LATENTVIEW	₹287 Cr	22%	Jun 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

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹100 Cr

Mar 2023₹108 Cr

Jun 2023₹108 Cr

Sep 2023₹112 Cr

Dec 2023₹120 Cr

Mar 2024₹130 Cr

Jun 2024₹129 Cr

Sep 2024₹131 Cr

Dec 2024₹139 Cr

Mar 2025₹146 Cr

Jun 2025₹144 Cr

Sep 2025₹147 Cr

Dec 2025₹153 Cr

Mar 2026₹155 Cr

Jun 2026₹150 Cr

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹39 Cr

Mar 2023₹45 Cr

Jun 2023₹44 Cr

Sep 2023₹53 Cr

Dec 2023₹57 Cr

Mar 2024₹60 Cr

Jun 2024₹65 Cr

Sep 2024₹64 Cr

Dec 2024₹65 Cr

Mar 2025₹68 Cr

Jun 2025₹65 Cr

Sep 2025₹82 Cr

Dec 2025₹112 Cr

Mar 2026₹124 Cr

Jun 2026₹112 Cr

eClerx Services Ltd · ECLERX

Sep 2021₹523 Cr

Dec 2021₹559 Cr

Mar 2022₹592 Cr

Jun 2022₹618 Cr

Sep 2022₹650 Cr

Dec 2022₹687 Cr

Mar 2023₹693 Cr

Jun 2023₹684 Cr

Sep 2023₹722 Cr

Dec 2023₹753 Cr

Mar 2024₹767 Cr

Jun 2024₹782 Cr

Sep 2024₹832 Cr

Dec 2024₹854 Cr

Mar 2025₹898 Cr

Jun 2025₹935 Cr

Sep 2025₹1.0K Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.1K Cr

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 2021₹1.4K Cr

Dec 2021₹1.5K Cr

Mar 2022₹1.5K Cr

Jun 2022₹1.5K Cr

Sep 2022₹1.5K Cr

Dec 2022₹1.5K Cr

Mar 2023₹1.6K Cr

Jun 2023₹1.5K Cr

Sep 2023₹1.5K Cr

Dec 2023₹1.6K Cr

Mar 2024₹1.7K Cr

Jun 2024₹1.8K Cr

Sep 2024₹1.9K Cr

Dec 2024₹2.1K Cr

Mar 2025₹2.2K Cr

Jun 2025₹2.2K Cr

Sep 2025₹2.3K Cr

Dec 2025₹2.4K Cr

Mar 2026₹2.6K Cr

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021₹265 Cr

Dec 2021₹284 Cr

Mar 2022₹301 Cr

Jun 2022₹329 Cr

Sep 2022₹356 Cr

Dec 2022₹367 Cr

Mar 2023₹378 Cr

Jun 2023₹391 Cr

Sep 2023₹407 Cr

Dec 2023₹410 Cr

Mar 2024₹417 Cr

Jun 2024₹464 Cr

Sep 2024₹522 Cr

Dec 2024₹531 Cr

Mar 2025₹545 Cr

Jun 2025₹550 Cr

Sep 2025₹574 Cr

Dec 2025₹588 Cr

Mar 2026₹604 Cr

Jun 2026₹629 Cr

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹1.1K Cr

Mar 2023₹1.1K Cr

Jun 2023₹1.1K Cr

Sep 2023₹1.2K Cr

Dec 2023₹1.2K Cr

Mar 2024₹1.1K Cr

Jun 2024₹1.1K Cr

Sep 2024₹1.1K Cr

Dec 2024₹1.1K Cr

Mar 2025₹1.2K Cr

Jun 2025₹1.1K Cr

Sep 2025₹1.1K Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.1K Cr

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹17 Cr

Dec 2022₹19 Cr

Mar 2023₹21 Cr

Jun 2023₹21 Cr

Sep 2023₹24 Cr

Dec 2023₹27 Cr

Mar 2024₹30 Cr

Jun 2024₹28 Cr

Sep 2024₹27 Cr

Dec 2024₹33 Cr

Mar 2025₹30 Cr

Jun 2025₹25 Cr

Sep 2025₹29 Cr

Dec 2025₹36 Cr

Mar 2026₹39 Cr

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹145 Cr

Mar 2023₹141 Cr

Jun 2023₹148 Cr

Sep 2023₹156 Cr

Dec 2023₹166 Cr

Mar 2024₹172 Cr

Jun 2024₹179 Cr

Sep 2024₹209 Cr

Dec 2024₹228 Cr

Mar 2025₹232 Cr

Jun 2025₹236 Cr

Sep 2025₹258 Cr

Dec 2025₹278 Cr

Mar 2026₹289 Cr

Jun 2026₹287 Cr

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹35 Cr

Mar 2023₹36 Cr

Jun 2023₹36 Cr

Sep 2023₹40 Cr

Dec 2023₹42 Cr

Mar 2024₹52 Cr

Jun 2024₹61 Cr

Sep 2024₹62 Cr

Dec 2024₹66 Cr

Mar 2025₹67 Cr

Jun 2025₹69 Cr

Sep 2025₹71 Cr

Dec 2025₹77 Cr

Mar 2026₹96 Cr

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022₹157 Cr

Sep 2022₹178 Cr

Dec 2022₹176 Cr

Mar 2023₹232 Cr

Jun 2023₹220 Cr

Sep 2023₹236 Cr

Dec 2023₹204 Cr

Mar 2024₹222 Cr

Jun 2024₹197 Cr

Sep 2024₹220 Cr

Dec 2024₹202 Cr

Mar 2025₹222 Cr

Jun 2025₹211 Cr

Sep 2025₹250 Cr

Dec 2025₹229 Cr

Mar 2026₹308 Cr

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹986 Cr

Mar 2023₹1.0K Cr

Jun 2023₹967 Cr

Sep 2023₹1.0K Cr

Dec 2023₹1.0K Cr

Mar 2024₹1.0K Cr

Jun 2024₹1.1K Cr

Sep 2024₹1.1K Cr

Dec 2024₹1.2K Cr

Mar 2025₹1.2K Cr

Jun 2025₹1.1K Cr

Sep 2025₹1.1K Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.1K Cr

Jun 2026₹1.2K Cr

RPSG Ventures Ltd · RPSGVENT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹1.7K Cr

Mar 2023₹1.8K Cr

Jun 2023₹2.3K Cr

Sep 2023₹1.8K Cr

Dec 2023₹1.8K Cr

Mar 2024₹2.0K Cr

Jun 2024₹2.5K Cr

Sep 2024₹2.2K Cr

Dec 2024₹2.4K Cr

Mar 2025₹2.5K Cr

Jun 2025₹3.0K Cr

Sep 2025₹2.7K Cr

Dec 2025₹2.8K Cr

Mar 2026₹2.9K Cr

Jun 2026—

Revenue growth · reported quarter history

Alldigi Tech Ltd · ALLDIGI⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202320%

Mar 202420%

Jun 202419%

Sep 202417%

Dec 202416%

Mar 202512%

Jun 202512%

Sep 202512%

Dec 202510%

Mar 20266.2%

Jun 20264.2%

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202348%

Mar 202433%

Jun 202448%

Sep 202421%

Dec 202414%

Mar 202513%

Jun 20250.0%

Sep 202528%

Dec 202572%

Mar 202682%

Jun 202672%

eClerx Services Ltd · ECLERX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202227%

Sep 202224%

Dec 202223%

Mar 202317%

Jun 202311%

Sep 202311%

Dec 20239.6%

Mar 202411%

Jun 202414%

Sep 202415%

Dec 202413%

Mar 202517%

Jun 202520%

Sep 202521%

Dec 202525%

Mar 202623%

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-0.9%

Sep 20224.1%

Dec 20222.8%

Mar 20230.8%

Jun 20233.9%

Sep 20233.5%

Dec 20236.1%

Mar 20247.3%

Jun 202417%

Sep 202425%

Dec 202432%

Mar 202529%

Jun 202524%

Sep 202520%

Dec 202516%

Mar 202620%

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202234%

Sep 202234%

Dec 202229%

Mar 202326%

Jun 202319%

Sep 202314%

Dec 202312%

Mar 202410%

Jun 202419%

Sep 202428%

Dec 202430%

Mar 202531%

Jun 202519%

Sep 202510.0%

Dec 202511%

Mar 202611%

Jun 202614%

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20237.6%

Mar 20242.7%

Jun 2024-3.6%

Sep 2024-7.9%

Dec 2024-12%

Mar 20255.6%

Jun 2025-3.3%

Sep 20250.4%

Dec 20251.0%

Mar 2026-6.6%

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202341%

Dec 202345%

Mar 202448%

Jun 202434%

Sep 202412%

Dec 202420%

Mar 2025-2.0%

Jun 2025-8.9%

Sep 20256.1%

Dec 20258.4%

Mar 202632%

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202314%

Mar 202422%

Jun 202421%

Sep 202434%

Dec 202437%

Mar 202535%

Jun 202532%

Sep 202523%

Dec 202522%

Mar 202625%

Jun 202622%

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202320%

Mar 202444%

Jun 202469%

Sep 202455%

Dec 202457%

Mar 202529%

Jun 202513%

Sep 202515%

Dec 202517%

Mar 202643%

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202216%

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202340%

Sep 202333%

Dec 202316%

Mar 2024-4.3%

Jun 2024-10%

Sep 2024-6.8%

Dec 2024-1.0%

Mar 20250.0%

Jun 20257.1%

Sep 202514%

Dec 202513%

Mar 202639%

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20233.9%

Mar 20240.8%

Jun 202414%

Sep 20249.7%

Dec 202416%

Mar 202516%

Jun 2025-4.7%

Sep 20250.5%

Dec 2025-6.5%

Mar 2026-3.7%

Jun 20269.6%

RPSG Ventures Ltd · RPSGVENT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20237.3%

Mar 202413%

Jun 20249.6%

Sep 202421%

Dec 202429%

Mar 202526%

Jun 202518%

Sep 202523%

Dec 202516%

Mar 202615%

Jun 2026—

07 · 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 · 229 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%

4One Point One Solutions Ltd ONEPOINT⚠ unverified23%

5Latent View Analytics Ltd LATENTVIEW20%

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

All-company data · latest reported quarter

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
One Point One Solutions Ltd ONEPOINT⚠ unverified	23%	+5.0 pp	Mar 2026
Latent View Analytics Ltd LATENTVIEW	20%	−1.0 pp	Jun 2026
Happiest Minds Technologies Ltd HAPPSTMNDS	19%	+2.0 pp	Jun 2026
Firstsource Solutions Ltd FSL	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	2.5%	−9.5 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Alldigi Tech Ltd · ALLDIGI⚠ unverified

Sep 202124%

Dec 202126%

Mar 202228%

Jun 202223%

Sep 202223%

Dec 202221%

Mar 202322%

Jun 202323%

Sep 202323%

Dec 202326%

Mar 202427%

Jun 202424%

Sep 202423%

Dec 202423%

Mar 202524%

Jun 202525%

Sep 202524%

Dec 202530%

Mar 202628%

Jun 202628%

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021—

Dec 2021-51%

Mar 2022-93%

Jun 2022-46%

Sep 2022-21%

Dec 2022-1.6%

Mar 2023-4.0%

Jun 2023-4.0%

Sep 2023-14%

Dec 2023-3.6%

Mar 202424%

Jun 202412%

Sep 202417%

Dec 202418%

Mar 202521%

Jun 202517%

Sep 202526%

Dec 202524%

Mar 202623%

Jun 202626%

eClerx Services Ltd · ECLERX

Sep 202132%

Dec 202131%

Mar 202231%

Jun 202223%

Sep 202228%

Dec 202228%

Mar 202330%

Jun 202324%

Sep 202328%

Dec 202328%

Mar 202426%

Jun 202421%

Sep 202426%

Dec 202424%

Mar 202524%

Jun 202524%

Sep 202527%

Dec 202526%

Mar 202626%

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 202117%

Dec 202116%

Mar 202216%

Jun 202212%

Sep 202213%

Dec 202214%

Mar 202316%

Jun 202316%

Sep 202315%

Dec 202315%

Mar 202415%

Jun 202415%

Sep 202415%

Dec 202415%

Mar 202515%

Jun 202516%

Sep 202516%

Dec 202516%

Mar 202617%

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 202123%

Dec 202124%

Mar 202224%

Jun 202226%

Sep 202225%

Dec 202224%

Mar 202324%

Jun 202323%

Sep 202320%

Dec 202320%

Mar 202420%

Jun 202418%

Sep 202418%

Dec 202418%

Mar 202515%

Jun 202517%

Sep 202517%

Dec 202518%

Mar 202617%

Jun 202619%

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 20218.3%

Dec 20215.5%

Mar 20223.3%

Jun 20224.4%

Sep 20226.4%

Dec 20227.0%

Mar 20233.4%

Jun 20237.0%

Sep 20238.0%

Dec 202310%

Mar 20246.0%

Jun 20241.5%

Sep 20243.2%

Dec 20246.0%

Mar 202512%

Jun 20252.7%

Sep 20252.4%

Dec 20251.6%

Mar 20262.5%

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 202111%

Dec 202115%

Mar 202213%

Jun 202213%

Sep 202210%

Dec 202214%

Mar 202314%

Jun 202312%

Sep 202312%

Dec 202313%

Mar 202421%

Jun 202414%

Sep 202418%

Dec 202416%

Mar 202519%

Jun 20251.0%

Sep 20250.5%

Dec 202513%

Mar 202614%

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 202128%

Dec 202130%

Mar 202231%

Jun 202229%

Sep 202228%

Dec 202229%

Mar 202321%

Jun 202319%

Sep 202320%

Dec 202322%

Mar 202424%

Jun 202421%

Sep 202422%

Dec 202422%

Mar 202524%

Jun 202521%

Sep 202522%

Dec 202522%

Mar 202623%

Jun 202620%

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 202124%

Dec 202119%

Mar 202223%

Jun 202224%

Sep 202224%

Dec 202222%

Mar 202324%

Jun 202323%

Sep 202334%

Dec 202335%

Mar 202428%

Jun 202428%

Sep 202427%

Dec 202424%

Mar 202518%

Jun 202522%

Sep 202524%

Dec 202524%

Mar 202623%

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202214%

Sep 202216%

Dec 202218%

Mar 202315%

Jun 202315%

Sep 202315%

Dec 2023-1.5%

Mar 202410%

Jun 20248.0%

Sep 202414%

Dec 20248.0%

Mar 20258.0%

Jun 20258.0%

Sep 202512%

Dec 202514%

Mar 202612%

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 202113%

Dec 202111%

Mar 20229.0%

Jun 202212%

Sep 202212%

Dec 202213%

Mar 202313%

Jun 202313%

Sep 202313%

Dec 202312%

Mar 202412%

Jun 202411%

Sep 202412%

Dec 202411%

Mar 202510%

Jun 20259.0%

Sep 202512%

Dec 202513%

Mar 202612%

Jun 20269.0%

RPSG Ventures Ltd · RPSGVENT

Sep 202112%

Dec 202114%

Mar 202213%

Jun 202215%

Sep 20228.9%

Dec 202210%

Mar 20239.0%

Jun 202327%

Sep 202312%

Dec 202310%

Mar 202411%

Jun 202422%

Sep 202410%

Dec 202411%

Mar 202513%

Jun 202520%

Sep 202511%

Dec 202512%

Mar 202613%

Jun 2026—

Margin change · reported quarter history

Alldigi Tech Ltd · ALLDIGI⚠ unverified

Sep 2021+3.8 pp

Dec 2021+1.3 pp

Mar 2022−0.9 pp

Jun 2022+0.8 pp

Sep 2022−1.5 pp

Dec 2022−5.5 pp

Mar 2023−5.6 pp

Jun 2023+0.1 pp

Sep 2023+0.0 pp

Dec 2023+5.0 pp

Mar 2024+5.0 pp

Jun 2024+1.0 pp

Sep 20240.0 pp

Dec 2024−3.0 pp

Mar 2025−3.0 pp

Jun 2025+1.0 pp

Sep 2025+1.0 pp

Dec 2025+7.0 pp

Mar 2026+4.0 pp

Jun 2026+3.0 pp

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021−3,117.5 pp

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3,153.9 pp

Dec 2022+49.0 pp

Mar 2023+89.3 pp

Jun 2023+42.2 pp

Sep 2023+7.1 pp

Dec 2023−2.0 pp

Mar 2024+28.0 pp

Jun 2024+16.0 pp

Sep 2024+31.0 pp

Dec 2024+21.6 pp

Mar 2025−3.0 pp

Jun 2025+5.0 pp

Sep 2025+9.0 pp

Dec 2025+6.0 pp

Mar 2026+2.0 pp

Jun 2026+9.0 pp

eClerx Services Ltd · ECLERX

Sep 2021+3.3 pp

Dec 2021+2.4 pp

Mar 2022−1.5 pp

Jun 2022−5.8 pp

Sep 2022−3.7 pp

Dec 2022−2.8 pp

Mar 2023−0.8 pp

Jun 2023+0.8 pp

Sep 2023+0.1 pp

Dec 20230.0 pp

Mar 2024−4.0 pp

Jun 2024−3.0 pp

Sep 2024−2.0 pp

Dec 2024−4.0 pp

Mar 2025−2.0 pp

Jun 2025+3.0 pp

Sep 2025+1.0 pp

Dec 2025+2.0 pp

Mar 2026+2.0 pp

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 2021+0.9 pp

Dec 2021+0.8 pp

Mar 2022−0.2 pp

Jun 2022−3.8 pp

Sep 2022−3.8 pp

Dec 2022−2.3 pp

Mar 2023+0.1 pp

Jun 2023+3.7 pp

Sep 2023+2.1 pp

Dec 2023+1.0 pp

Mar 2024−1.0 pp

Jun 2024−1.0 pp

Sep 20240.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025+1.0 pp

Sep 2025+1.0 pp

Dec 2025+1.0 pp

Mar 2026+2.0 pp

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021−1.4 pp

Dec 2021−2.6 pp

Mar 2022−1.4 pp

Jun 2022+3.1 pp

Sep 2022+2.6 pp

Dec 2022+0.1 pp

Mar 2023+0.2 pp

Jun 2023−3.4 pp

Sep 2023−5.5 pp

Dec 2023−4.0 pp

Mar 2024−4.0 pp

Jun 2024−5.0 pp

Sep 2024−2.0 pp

Dec 2024−2.0 pp

Mar 2025−5.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 20250.0 pp

Mar 2026+2.0 pp

Jun 2026+2.0 pp

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 2021−5.7 pp

Dec 2021+3.4 pp

Mar 2022+1.0 pp

Jun 2022−10.6 pp

Sep 2022−1.9 pp

Dec 2022+1.5 pp

Mar 2023+0.1 pp

Jun 2023+2.6 pp

Sep 2023+1.6 pp

Dec 2023+3.0 pp

Mar 2024+2.6 pp

Jun 2024−5.5 pp

Sep 2024−4.8 pp

Dec 2024−4.0 pp

Mar 2025+6.0 pp

Jun 2025+1.2 pp

Sep 2025−0.8 pp

Dec 2025−4.4 pp

Mar 2026−9.5 pp

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 2021−18.3 pp

Dec 2021−15.3 pp

Mar 2022−0.7 pp

Jun 2022+8.9 pp

Sep 2022−1.5 pp

Dec 2022−1.1 pp

Mar 2023+0.4 pp

Jun 2023−1.6 pp

Sep 2023+1.9 pp

Dec 2023−1.5 pp

Mar 2024+7.3 pp

Jun 2024+1.7 pp

Sep 2024+5.7 pp

Dec 2024+3.0 pp

Mar 2025−2.6 pp

Jun 2025−12.6 pp

Sep 2025−17.1 pp

Dec 2025−2.9 pp

Mar 2026−4.9 pp

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 2021—

Dec 2021−4.7 pp

Mar 2022−5.0 pp

Jun 2022−1.8 pp

Sep 2022+0.3 pp

Dec 2022−0.9 pp

Mar 2023−9.5 pp

Jun 2023−10.0 pp

Sep 2023−8.2 pp

Dec 2023−7.0 pp

Mar 2024+3.0 pp

Jun 2024+2.0 pp

Sep 2024+2.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 20250.0 pp

Sep 20250.0 pp

Dec 20250.0 pp

Mar 2026−1.0 pp

Jun 2026−1.0 pp

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021+19.2 pp

Dec 2021+1.9 pp

Mar 2022+16.0 pp

Jun 2022+5.7 pp

Sep 2022+0.1 pp

Dec 2022+2.8 pp

Mar 2023+0.8 pp

Jun 2023−1.0 pp

Sep 2023+9.5 pp

Dec 2023+13.1 pp

Mar 2024+4.0 pp

Jun 2024+5.0 pp

Sep 2024−7.0 pp

Dec 2024−11.0 pp

Mar 2025−10.0 pp

Jun 2025−6.0 pp

Sep 2025−3.0 pp

Dec 20250.0 pp

Mar 2026+5.0 pp

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+10.8 pp

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023+1.2 pp

Sep 2023−1.5 pp

Dec 2023−19.5 pp

Mar 2024−5.0 pp

Jun 2024−7.0 pp

Sep 2024−1.0 pp

Dec 2024+9.5 pp

Mar 2025−2.0 pp

Jun 20250.0 pp

Sep 2025−2.0 pp

Dec 2025+6.0 pp

Mar 2026+4.0 pp

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 2021+0.9 pp

Dec 2021−0.8 pp

Mar 2022−4.8 pp

Jun 2022−0.4 pp

Sep 2022−0.7 pp

Dec 2022+2.2 pp

Mar 2023+4.0 pp

Jun 2023+1.4 pp

Sep 2023+0.8 pp

Dec 2023−1.0 pp

Mar 2024−1.0 pp

Jun 2024−2.0 pp

Sep 2024−1.0 pp

Dec 2024−1.0 pp

Mar 2025−2.0 pp

Jun 2025−2.0 pp

Sep 20250.0 pp

Dec 2025+2.0 pp

Mar 2026+2.0 pp

Jun 20260.0 pp

RPSG Ventures Ltd · RPSGVENT

Sep 2021+1.1 pp

Dec 2021+2.9 pp

Mar 2022−2.6 pp

Jun 2022+1.5 pp

Sep 2022−3.5 pp

Dec 2022−4.2 pp

Mar 2023−3.8 pp

Jun 2023+12.2 pp

Sep 2023+3.1 pp

Dec 20230.0 pp

Mar 2024+2.0 pp

Jun 2024−5.0 pp

Sep 2024−2.0 pp

Dec 2024+1.0 pp

Mar 2025+2.0 pp

Jun 2025−2.0 pp

Sep 2025+1.0 pp

Dec 2025+1.0 pp

Mar 20260.0 pp

Jun 2026—

08 · 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 · 191 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₹223 Cr

5Latent View Analytics Ltd LATENTVIEW₹199 Cr

Profit growthfastest growers

1IRIS Regtech Solutions Ltd IRIS100%

2eClerx Services Ltd ECLERX30%

3Alldigi Tech Ltd ALLDIGI⚠ unverified30%

4Happiest Minds Technologies Ltd HAPPSTMNDS17%

5One Point One Solutions Ltd ONEPOINT⚠ unverified15%

Net profit · company comparison

12/12 level · 10/12 change

All-company data · latest reported quarter

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	₹68 Cr	19%	Jun 2026
Latent View Analytics Ltd LATENTVIEW	₹47 Cr	-7.8%	Jun 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

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹7 Cr

Mar 2023₹12 Cr

Jun 2023₹16 Cr

Sep 2023₹16 Cr

Dec 2023₹11 Cr

Mar 2024₹21 Cr

Jun 2024₹32 Cr

Sep 2024₹12 Cr

Dec 2024₹20 Cr

Mar 2025₹19 Cr

Jun 2025₹15 Cr

Sep 2025₹18 Cr

Dec 2025₹21 Cr

Mar 2026₹29 Cr

Jun 2026₹18 Cr

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹-11 Cr

Mar 2023₹-10 Cr

Jun 2023₹-16 Cr

Sep 2023₹-24 Cr

Dec 2023₹-21 Cr

Mar 2024₹-5 Cr

Jun 2024₹-11 Cr

Sep 2024₹-12 Cr

Dec 2024₹-9 Cr

Mar 2025₹-10 Cr

Jun 2025₹-10 Cr

Sep 2025₹-8 Cr

Dec 2025₹3 Cr

Mar 2026₹16 Cr

Jun 2026₹45 Cr

eClerx Services Ltd · ECLERX

Sep 2021₹101 Cr

Dec 2021₹107 Cr

Mar 2022₹119 Cr

Jun 2022₹99 Cr

Sep 2022₹126 Cr

Dec 2022₹131 Cr

Mar 2023₹132 Cr

Jun 2023₹107 Cr

Sep 2023₹136 Cr

Dec 2023₹139 Cr

Mar 2024₹130 Cr

Jun 2024₹112 Cr

Sep 2024₹140 Cr

Dec 2024₹137 Cr

Mar 2025₹153 Cr

Jun 2025₹142 Cr

Sep 2025₹183 Cr

Dec 2025₹192 Cr

Mar 2026₹190 Cr

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 2021₹135 Cr

Dec 2021₹135 Cr

Mar 2022₹132 Cr

Jun 2022₹85 Cr

Sep 2022₹129 Cr

Dec 2022₹158 Cr

Mar 2023₹141 Cr

Jun 2023₹126 Cr

Sep 2023₹127 Cr

Dec 2023₹129 Cr

Mar 2024₹134 Cr

Jun 2024₹135 Cr

Sep 2024₹138 Cr

Dec 2024₹160 Cr

Mar 2025₹161 Cr

Jun 2025₹169 Cr

Sep 2025₹180 Cr

Dec 2025₹120 Cr

Mar 2026₹205 Cr

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021₹44 Cr

Dec 2021₹49 Cr

Mar 2022₹52 Cr

Jun 2022₹56 Cr

Sep 2022₹59 Cr

Dec 2022₹58 Cr

Mar 2023₹58 Cr

Jun 2023₹58 Cr

Sep 2023₹58 Cr

Dec 2023₹60 Cr

Mar 2024₹72 Cr

Jun 2024₹51 Cr

Sep 2024₹50 Cr

Dec 2024₹50 Cr

Mar 2025₹34 Cr

Jun 2025₹57 Cr

Sep 2025₹54 Cr

Dec 2025₹40 Cr

Mar 2026₹61 Cr

Jun 2026₹68 Cr

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹52 Cr

Mar 2023₹26 Cr

Jun 2023₹17 Cr

Sep 2023₹18 Cr

Dec 2023₹8 Cr

Mar 2024₹88 Cr

Jun 2024₹162 Cr

Sep 2024₹-51 Cr

Dec 2024₹-9 Cr

Mar 2025₹-2 Cr

Jun 2025₹11 Cr

Sep 2025₹-27 Cr

Dec 2025₹34 Cr

Mar 2026₹-14 Cr

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹1 Cr

Dec 2022₹1 Cr

Mar 2023₹2 Cr

Jun 2023₹1 Cr

Sep 2023₹1 Cr

Dec 2023₹2 Cr

Mar 2024₹5 Cr

Jun 2024₹3 Cr

Sep 2024₹4 Cr

Dec 2024₹4 Cr

Mar 2025₹3 Cr

Jun 2025₹0 Cr

Sep 2025₹117 Cr

Dec 2025₹5 Cr

Mar 2026₹4 Cr

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹52 Cr

Mar 2023₹34 Cr

Jun 2023₹33 Cr

Sep 2023₹34 Cr

Dec 2023₹47 Cr

Mar 2024₹45 Cr

Jun 2024₹39 Cr

Sep 2024₹41 Cr

Dec 2024₹43 Cr

Mar 2025₹51 Cr

Jun 2025₹51 Cr

Sep 2025₹46 Cr

Dec 2025₹51 Cr

Mar 2026₹55 Cr

Jun 2026₹47 Cr

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹2 Cr

Mar 2023₹3 Cr

Jun 2023₹3 Cr

Sep 2023₹6 Cr

Dec 2023₹6 Cr

Mar 2024₹7 Cr

Jun 2024₹8 Cr

Sep 2024₹8 Cr

Dec 2024₹8 Cr

Mar 2025₹9 Cr

Jun 2025₹9 Cr

Sep 2025₹10 Cr

Dec 2025₹9 Cr

Mar 2026₹10 Cr

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022₹21 Cr

Sep 2022₹26 Cr

Dec 2022₹28 Cr

Mar 2023₹32 Cr

Jun 2023₹32 Cr

Sep 2023₹33 Cr

Dec 2023₹15 Cr

Mar 2024₹19 Cr

Jun 2024₹21 Cr

Sep 2024₹28 Cr

Dec 2024₹23 Cr

Mar 2025₹20 Cr

Jun 2025₹24 Cr

Sep 2025₹24 Cr

Dec 2025₹22 Cr

Mar 2026₹30 Cr

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹85 Cr

Mar 2023₹104 Cr

Jun 2023₹92 Cr

Sep 2023₹88 Cr

Dec 2023₹114 Cr

Mar 2024₹95 Cr

Jun 2024₹81 Cr

Sep 2024₹107 Cr

Dec 2024₹85 Cr

Mar 2025₹60 Cr

Jun 2025₹59 Cr

Sep 2025₹-19 Cr

Dec 2025₹103 Cr

Mar 2026₹114 Cr

Jun 2026₹69 Cr

RPSG Ventures Ltd · RPSGVENT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹-7 Cr

Mar 2023₹-132 Cr

Jun 2023₹362 Cr

Sep 2023₹-15 Cr

Dec 2023₹-55 Cr

Mar 2024₹-95 Cr

Jun 2024₹270 Cr

Sep 2024₹-73 Cr

Dec 2024₹-46 Cr

Mar 2025₹12 Cr

Jun 2025₹251 Cr

Sep 2025₹-41 Cr

Dec 2025₹-136 Cr

Mar 2026₹-72 Cr

Jun 2026—

Profit growth · reported quarter history

Alldigi Tech Ltd · ALLDIGI⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202357%

Mar 202475%

Jun 2024100%

Sep 2024-25%

Dec 202482%

Mar 2025-9.5%

Jun 2025-53%

Sep 202550%

Dec 20255.0%

Mar 202653%

Jun 202620%

eClerx Services Ltd · ECLERX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20228.8%

Sep 202225%

Dec 202222%

Mar 202311%

Jun 20238.1%

Sep 20237.9%

Dec 20236.1%

Mar 2024-1.5%

Jun 20244.7%

Sep 20242.9%

Dec 2024-1.4%

Mar 202518%

Jun 202527%

Sep 202531%

Dec 202540%

Mar 202624%

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-37%

Sep 2022-4.4%

Dec 202217%

Mar 20236.8%

Jun 202348%

Sep 2023-1.6%

Dec 2023-18%

Mar 2024-5.0%

Jun 20247.1%

Sep 20248.7%

Dec 202424%

Mar 202520%

Jun 202525%

Sep 202530%

Dec 2025-25%

Mar 202627%

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202256%

Sep 202234%

Dec 202218%

Mar 202312%

Jun 20233.6%

Sep 2023-1.7%

Dec 20233.5%

Mar 202424%

Jun 2024-12%

Sep 2024-14%

Dec 2024-17%

Mar 2025-53%

Jun 202512%

Sep 20258.0%

Dec 2025-20%

Mar 202679%

Jun 202619%

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-85%

Mar 2024238%

Jun 2024853%

Sep 2024-383%

Dec 2024-213%

Mar 2025-102%

Jun 2025-93%

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202337%

Dec 202319%

Mar 2024199%

Jun 2024211%

Sep 2024184%

Dec 2024104%

Mar 2025-39%

Jun 2025-92%

Sep 20252,904%

Dec 202548%

Mar 202644%

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-9.6%

Mar 202432%

Jun 202418%

Sep 202421%

Dec 2024-8.5%

Mar 202513%

Jun 202531%

Sep 202512%

Dec 202519%

Mar 20267.8%

Jun 2026-7.8%

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023180%

Mar 2024133%

Jun 2024167%

Sep 202433%

Dec 202433%

Mar 202529%

Jun 202513%

Sep 202525%

Dec 202513%

Mar 202611%

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022110%

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202352%

Sep 202327%

Dec 2023-46%

Mar 2024-41%

Jun 2024-34%

Sep 2024-15%

Dec 202453%

Mar 20255.3%

Jun 202514%

Sep 2025-14%

Dec 2025-4.4%

Mar 202650%

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202334%

Mar 2024-8.7%

Jun 2024-12%

Sep 202422%

Dec 2024-25%

Mar 2025-37%

Jun 2025-27%

Sep 2025-118%

Dec 202521%

Mar 202690%

Jun 202617%

RPSG Ventures Ltd · RPSGVENT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-25%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-7.0%

Sep 2025—

Dec 2025—

Mar 2026-700%

Jun 2026—

09 · 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

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

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	Jun 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

Sep 202121%

Dec 2021—

Mar 202224%

Jun 2022—

Sep 202223%

Dec 2022—

Mar 202323%

Jun 2023—

Sep 202322%

Dec 202328%

Mar 202429%

Jun 202441%

Sep 202429%

Dec 202438%

Mar 202528%

Jun 202533%

Sep 202528%

Dec 202534%

Mar 202625%

Jun 202630%

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021-2.8%

Dec 2021-5.2%

Mar 2022-9.5%

Jun 2022—

Sep 2022-14%

Dec 2022—

Mar 2023-18%

Jun 2023—

Sep 2023-21%

Dec 2023-20%

Mar 2024-17%

Jun 2024-12%

Sep 2024-9.9%

Dec 2024-3.8%

Mar 2025-7.5%

Jun 2025-3.1%

Sep 2025-4.5%

Dec 20250.5%

Mar 2026-1.9%

Jun 202614%

eClerx Services Ltd · ECLERX

Sep 202125%

Dec 2021—

Mar 202232%

Jun 2022—

Sep 202231%

Dec 2022—

Mar 202333%

Jun 2023—

Sep 202329%

Dec 202334%

Mar 202426%

Jun 202432%

Sep 202428%

Dec 202432%

Mar 202525%

Jun 202530%

Sep 202525%

Dec 202534%

Mar 202629%

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 202119%

Dec 2021—

Mar 202217%

Jun 2022—

Sep 202214%

Dec 202213%

Mar 202314%

Jun 2023—

Sep 202315%

Dec 202317%

Mar 202416%

Jun 202418%

Sep 202415%

Dec 202417%

Mar 202516%

Jun 202519%

Sep 202517%

Dec 202517%

Mar 202619%

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 202128%

Dec 2021—

Mar 202230%

Jun 202230%

Sep 202229%

Dec 2022—

Mar 202330%

Jun 202328%

Sep 202319%

Dec 202328%

Mar 202417%

Jun 202427%

Sep 202415%

Dec 202415%

Mar 202512%

Jun 202519%

Sep 202513%

Dec 202513%

Mar 202614%

Jun 2026—

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 202114%

Dec 2021—

Mar 20223.0%

Jun 2022—

Sep 2022-1.0%

Dec 2022—

Mar 2023-1.3%

Jun 2023—

Sep 2023-1.9%

Dec 20232.5%

Mar 2024-1.7%

Jun 20245.1%

Sep 2024-3.2%

Dec 20245.2%

Mar 2025-2.7%

Jun 20254.2%

Sep 2025-2.4%

Dec 20254.4%

Mar 2026-6.6%

Jun 2026—

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021-3.1%

Dec 2021—

Mar 20227.9%

Jun 2022—

Sep 202213%

Dec 2022—

Mar 202316%

Jun 2023—

Sep 202318%

Dec 202334%

Mar 202416%

Jun 202428%

Sep 20249.0%

Dec 202417%

Mar 20257.8%

Jun 202516%

Sep 20256.9%

Dec 202512%

Mar 20265.9%

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202312%

Jun 202312%

Sep 202313%

Dec 202318%

Mar 20248.5%

Jun 202412%

Sep 20245.4%

Dec 202413%

Mar 20256.0%

Jun 202512%

Sep 20255.7%

Dec 202512%

Mar 20266.4%

Jun 2026—

ROCE change · reported quarter history

Alldigi Tech Ltd · ALLDIGI⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.7 pp

Dec 2022—

Mar 2023−1.1 pp

Jun 2023—

Sep 2023−1.0 pp

Dec 2023—

Mar 2024+6.7 pp

Jun 2024—

Sep 2024+7.5 pp

Dec 2024+10.4 pp

Mar 2025−1.5 pp

Jun 2025−7.3 pp

Sep 2025−1.6 pp

Dec 2025−3.8 pp

Mar 2026−2.8 pp

Jun 2026−3.5 pp

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−10.9 pp

Dec 2022—

Mar 2023−8.3 pp

Jun 2023—

Sep 2023−7.3 pp

Dec 2023—

Mar 2024+0.9 pp

Jun 2024—

Sep 2024+11.1 pp

Dec 2024+16.3 pp

Mar 2025+9.4 pp

Jun 2025+9.3 pp

Sep 2025+5.4 pp

Dec 2025+4.3 pp

Mar 2026+5.6 pp

Jun 2026+17.5 pp

eClerx Services Ltd · ECLERX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.3 pp

Dec 2022—

Mar 2023+0.4 pp

Jun 2023—

Sep 2023−1.3 pp

Dec 2023—

Mar 2024−6.8 pp

Jun 2024—

Sep 2024−1.6 pp

Dec 2024−2.2 pp

Mar 2025−1.0 pp

Jun 2025−1.9 pp

Sep 2025−2.6 pp

Dec 2025+2.4 pp

Mar 2026+4.5 pp

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.5 pp

Dec 2022—

Mar 2023−3.3 pp

Jun 2023—

Sep 2023+1.0 pp

Dec 2023+4.1 pp

Mar 2024+2.0 pp

Jun 2024—

Sep 2024−0.6 pp

Dec 2024+0.3 pp

Mar 2025+0.3 pp

Jun 2025+1.5 pp

Sep 2025+2.5 pp

Dec 2025+0.1 pp

Mar 2026+3.2 pp

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.2 pp

Dec 2022—

Mar 2023−0.1 pp

Jun 2023−2.2 pp

Sep 2023−10.5 pp

Dec 2023—

Mar 2024−13.0 pp

Jun 2024−1.2 pp

Sep 2024−4.1 pp

Dec 2024−13.3 pp

Mar 2025−4.1 pp

Jun 2025−7.5 pp

Sep 2025−1.4 pp

Dec 2025−1.4 pp

Mar 2026+1.8 pp

Jun 2026—

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−14.5 pp

Dec 2022—

Mar 2023−4.3 pp

Jun 2023—

Sep 2023−0.9 pp

Dec 2023—

Mar 2024−0.4 pp

Jun 2024—

Sep 2024−1.3 pp

Dec 2024+2.7 pp

Mar 2025−1.0 pp

Jun 2025−0.9 pp

Sep 2025+0.8 pp

Dec 2025−0.8 pp

Mar 2026−3.9 pp

Jun 2026—

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+16.1 pp

Dec 2022—

Mar 2023+8.4 pp

Jun 2023—

Sep 2023+5.3 pp

Dec 2023—

Mar 2024−0.6 pp

Jun 2024—

Sep 2024−9.3 pp

Dec 2024−16.4 pp

Mar 2025−7.9 pp

Jun 2025−12.5 pp

Sep 2025−2.1 pp

Dec 2025−4.8 pp

Mar 2026−1.9 pp

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024−3.0 pp

Jun 2024−0.1 pp

Sep 2024−7.7 pp

Dec 2024−5.6 pp

Mar 2025−2.5 pp

Jun 2025+0.1 pp

Sep 2025+0.3 pp

Dec 2025−0.5 pp

Mar 2026+0.4 pp

Jun 2026—

10 · compare level, then change

Valuation Against Growth & Quality

eClerx Services Ltd has the lowest 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 4.13×, 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 PEG at 0.67×, 13% below Firstsource Solutions Ltd. Only 4 of 12 companies have earnings and growth steady enough for the ratio to mean anything, 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 · 39 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1eClerx Services Ltd ECLERX0.7

2Firstsource Solutions Ltd FSL0.8

3Happiest Minds Technologies Ltd HAPPSTMNDS1.4

4Protean eGov Technologies Ltd PROTEAN4.0

P/Elowest P/E

1IRIS Regtech Solutions Ltd IRIS4.1

2Route Mobile Ltd ROUTE9.6

3Alldigi Tech Ltd ALLDIGI⚠ unverified13.4

4Protean eGov Technologies Ltd PROTEAN24.1

5Happiest Minds Technologies Ltd HAPPSTMNDS24.5

Valuation · company comparison

4/12 level · 11/12 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Protean eGov Technologies Ltd PROTEAN	4.0	20.9	Mar 2026
Happiest Minds Technologies Ltd HAPPSTMNDS	1.4	23.3	Jun 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	—	31.1	Jun 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

PEG · reported quarter history

eClerx Services Ltd · ECLERX

Sep 20210.5

Dec 20210.4

Mar 2022—

Jun 20220.3

Sep 20220.5

Dec 20220.5

Mar 20230.6

Jun 20230.8

Sep 20230.9

Dec 20231.7

Mar 20241.9

Jun 20243.1

Sep 20244.5

Dec 2024—

Mar 2025—

Jun 20253.9

Sep 20252.6

Dec 20250.9

Mar 20260.7

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 20210.7

Dec 20210.8

Mar 2022—

Jun 20220.5

Sep 2022—

Dec 2022—

Mar 20232.0

Jun 2023—

Sep 20231.6

Dec 20231.7

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20252.2

Jun 20253.3

Sep 20252.2

Dec 20251.6

Mar 20260.8

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 20215.3

Dec 2021—

Mar 20222.2

Jun 20224.9

Sep 20222.2

Dec 20221.8

Mar 20234.5

Jun 20232.3

Sep 20233.1

Dec 20236.9

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 20261.4

Protean eGov Technologies Ltd · PROTEAN

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 20253.3

Dec 20254.0

Mar 2026—

Jun 2026—

P/E · reported quarter history

Alldigi Tech Ltd · ALLDIGI⚠ unverified

Sep 202130.5

Dec 202135.3

Mar 202226.7

Jun 202218.7

Sep 202213.7

Dec 202212.9

Mar 202313.7

Jun 202316.9

Sep 202317.9

Dec 202319.4

Mar 202420.1

Jun 202427.5

Sep 202424.1

Dec 202423.9

Mar 202520.2

Jun 202520.0

Sep 202521.2

Dec 202517.3

Mar 202614.4

Jun 202613.8

Aurum Proptech Ltd · AURUM⚠ unverified

Sep 20219.3

Dec 20219.4

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 2025-65.2

Mar 2026616.1

Jun 202630.1

eClerx Services Ltd · ECLERX

Sep 202124.7

Dec 202125.2

Mar 202220.0

Jun 202215.8

Sep 202217.1

Dec 202214.4

Mar 202313.8

Jun 202316.7

Sep 202318.1

Dec 202325.3

Mar 202422.6

Jun 202423.1

Sep 202428.4

Dec 202434.0

Mar 202525.8

Jun 202531.1

Sep 202534.7

Dec 202536.3

Mar 202620.8

Jun 2026—

Firstsource Solutions Ltd · FSL

Sep 202129.1

Dec 202125.4

Mar 202217.8

Jun 202213.0

Sep 202215.0

Dec 202214.8

Mar 202314.6

Jun 202317.3

Sep 202321.2

Dec 202323.5

Mar 202426.6

Jun 202428.7

Sep 202442.9

Dec 202448.5

Mar 202542.9

Jun 202546.0

Sep 202540.0

Dec 202536.6

Mar 202621.4

Jun 2026—

Happiest Minds Technologies Ltd · HAPPSTMNDS

Sep 2021138.9

Dec 2021117.1

Mar 202296.9

Jun 202268.8

Sep 202272.3

Dec 202259.7

Mar 202349.1

Jun 202361.0

Sep 202354.1

Dec 202356.1

Mar 202447.7

Jun 202452.2

Sep 202452.6

Dec 202448.0

Mar 202542.6

Jun 202551.6

Sep 202541.2

Dec 202535.9

Mar 202628.6

Jun 202623.3

Hinduja Global Solutions Ltd · HGS⚠ unverified

Sep 202118.4

Dec 202129.0

Mar 202235.3

Jun 202227.6

Sep 202266.6

Dec 202221.1

Mar 202314.9

Jun 202317.3

Sep 202317.6

Dec 202364.5

Mar 202452.8

Jun 202429.3

Sep 202458.8

Dec 202454.9

Mar 202517.8

Jun 2025-97.2

Sep 2025—

Dec 202546.8

Mar 2026—

Jun 2026—

IRIS Regtech Solutions Ltd · IRIS

Sep 202149.8

Dec 202182.4

Mar 2022186.1

Jun 2022158.1

Sep 202259.0

Dec 202251.5

Mar 202338.8

Jun 202334.5

Sep 202344.0

Dec 202347.1

Mar 202439.9

Jun 202446.1

Sep 202460.9

Dec 202469.8

Mar 202551.4

Jun 202543.0

Sep 202560.2

Dec 202567.2

Mar 202642.9

Jun 2026—

Latent View Analytics Ltd · LATENTVIEW

Sep 2021—

Dec 20215.1

Mar 20223.8

Jun 202210.5

Sep 202258.3

Dec 202255.1

Mar 202341.2

Jun 202345.8

Sep 202353.2

Dec 202360.5

Mar 202470.6

Jun 202464.9

Sep 202459.3

Dec 202458.4

Mar 202545.7

Jun 202548.6

Sep 202545.0

Dec 202549.9

Mar 202627.1

Jun 202631.1

One Point One Solutions Ltd · ONEPOINT⚠ unverified

Sep 2021-15.0

Dec 2021142.2

Mar 2022138.8

Jun 202256.7

Sep 202227.3

Dec 202235.3

Mar 202347.8

Jun 202345.5

Sep 202369.2

Dec 202370.5

Mar 202459.1

Jun 202456.6

Sep 202456.5

Dec 202441.8

Mar 202535.4

Jun 202538.5

Sep 202532.5

Dec 202541.8

Mar 202629.7

Jun 2026—

Protean eGov Technologies Ltd · PROTEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202345.3

Mar 202436.4

Jun 202446.8

Sep 202487.8

Dec 202496.3

Mar 202559.5

Jun 202537.7

Sep 202538.2

Dec 202534.4

Mar 202620.9

Jun 2026—

Route Mobile Ltd · ROUTE

Sep 202181.8

Dec 202168.9

Mar 202258.3

Jun 202245.9

Sep 202241.9

Dec 202232.7

Mar 202331.5

Jun 202330.4

Sep 202328.3

Dec 202327.3

Mar 202426.6

Jun 202431.5

Sep 202427.7

Dec 202424.2

Mar 202517.0

Jun 202519.0

Sep 202516.5

Dec 202515.0

Mar 20269.0

Jun 202610.2

RPSG Ventures Ltd · RPSGVENT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20229.8

Sep 202212.7

Dec 202212.9

Mar 202331.4

Jun 202339.5

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202617.7

Jun 2026—

11 · 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.

12 · 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 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

IT Enabled Services company comparison FAQs

These 24 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the IT Enabled Services sector outperforming NIFTY 500?

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 73.6/100 with 89.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which IT Enabled Services company has the lowest comparable PEG?

eClerx Services Ltd has the lowest comparable PEG at 0.67, among 4 of 12 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this IT Enabled Services comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 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 PEG — where a LOWER number is cheaper — eClerx Services Ltd screens cheapest at 0.67×. Only 4 of 12 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the IT Enabled Services sector beating the market?

IT Enabled Services has underperformed NIFTY 500 by 14% over the last 52 weeks and 11.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 12 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 73.6 out of 100 with 89.6% evidence confidence, from 28.3 points on growth and earnings, 22.9 on capital efficiency, 12.1 on valuation and 10.3 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, 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 ₹66,815 crore of combined market value. Firstsource Solutions Ltd is the largest at ₹21,361 crore, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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 24.6×, 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 2026-08-05.

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. The sector itself is 14% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.