Sector Alpha Week of 2026-10-16
This is research, not advice. We’re not SEBI-registered.
Sector Alpha, written by code from the published numbers · Data as of 2026-10-16

Kwick Forensic Solutions Ltd

544895

Kwick Forensic Solutions Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been mixed, and 38% of the last 3 years' profit came in as cash. What will decide it: the next one or two quarters of results.

Price
₹213
P/E
33.8×
over 0 years
ROCE
51%
FY26
Profit that came in as cash
38%
last 3 years
Figures we could not check: Some figures on this page come from a second data source that we could not check against the main one, because the two do not cover enough of the same periods. They are shown because they are the only figures there are, and every section that uses one is marked unverified.
01 · Price story

Price story A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Kwick Forensic Solutions Ltd's share price was ₹213 at the close on 16 October 2026. That is 30.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹139 and ₹236, and today it sits 77% of the way up from that low.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row.

Oct 26: ₹213, 30.6% above its 200-day average. Weekly closing price (₹) with its 50-day and 200-day averages. The coloured bands show the phase: grey sideways, green rising, amber stalling, red falling. 1-year window.
Price50-day avg200-day avg
₹244₹216₹188₹160₹132₹₹213₹164Sep 26Sep 26Sep 26Oct 26Oct 26
₹244₹216₹188₹160₹132₹₹213₹164Sep 26Sep 26Oct 26
Week by week since 2026: did it beat the NIFTY 500 over the past 13 weeks? Each square is one week, from 2026 to now (30 weeks). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. Grey means there is no reading for that week.
Sep 26Oct 26

Over the last 1 months the share price moved +36% while the NIFTY 500 moved −4%, so it is ahead of the index over that whole period. The chart below shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

02 · Valuation

Valuation P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Kwick Forensic Solutions Ltd's P/E is 33.8×, with too little history to compare. Its usual P/E (the middle reading) is 27.0×, over 0.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E 33.8× against a usual 27.0×: with too little history to compare P/E, weekly (left scale); earnings per share, trailing twelve months, weekly (right scale). 0.1-year window. The eps (ttm) bars are red where the reading is lower than the quarter before.
P/EMedianEPS (TTM) (quarterly)
38.6×₹6.834.2×₹5.129.8×₹3.425.3×₹1.720.9×₹0.0×₹33.80×₹6Sep 26Sep 26Sep 26Oct 26Oct 26
38.6×₹6.834.2×₹5.129.8×₹3.425.3×₹1.720.9×₹0.0×₹33.80×₹6Sep 26Sep 26Oct 26
P/E
33.8×
too little history to compare

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

03 · Business trend

Business trend Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Kwick Forensic Solutions Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend.

Growth year by year: revenue +63.1% in FY26, profit +55.6% Growth on the year before, each year, %: revenue (left scale); net profit and EPS (right scale, because profit growth swings much more). Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).
Revenue growthProfit growthEPS growth
437%332%302%216%167%100%31%−16%−104%−132%%%63.1%55.6%FY21FY22FY23FY24FY26
437%332%302%216%167%100%31%−16%−104%−132%%%63.1%55.6%FY21FY23FY26

Why it matters: with too little history, we say so rather than guess a direction.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%) Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
1yr3yr5yr10yr
Revenue+63.1%+74.4%+54.6%—
Profit+55.6%+91.3%+69.5%—
EPS+58.0%+6.2%+21.1%—
04 · Revenue

Revenue Revenue is everything the company billed its customers in the period.

Kwick Forensic Solutions Ltd's latest quarterly revenue is not on file. Over 5 years it has grown 54.6% a year on average. The last full year, FY26, came in at ₹106 Cr.

FY26 revenue was ₹106 Cr, +63.1% on the year before.

FY26 revenue ₹106 Cr (+63.1% on the year before), 54.6% a year over 5 years Bars: revenue, ₹ Cr (left scale). Line: growth on the year before, % (right scale). 6-year window. A bar is red when it is lower than the year before.
RevenueGrowth on a year earlier
114437%86302%57167%2931%0−104%₹ Cr%₹10663.1%FY21FY22FY23FY24FY26
114437%86302%57167%2931%0−104%₹ Cr%₹10663.1%FY21FY23FY26
05 · Operating margin

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

We do not have a clean operating margin for Kwick Forensic Solutions Ltd. Its accounts do not report the operating-profit line this section uses, which is common for lenders and holding companies. The other sections show what its filings do report.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

FY26: 18.0%, within a range of 9.0% to 19.0% over 6 years Operating margin each year, % (left line); change on the year before, in percentage points (right line). 6-year window.
operating marginChange on the year before (points)
20%8.0%17%4.3%14%0.5%11%−3.3%8.2%−7.0%%%18%−1%FY21FY23FY26
20%8.0%17%4.3%14%0.5%11%−3.3%8.2%−7.0%%%18%−1%FY21FY23FY26
06 · Net profit

Net profit Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Kwick Forensic Solutions Ltd's latest quarterly profit is not on file. Full-year FY26 profit was ₹14.0 Cr. Over 5 years profit has grown 69.5% a year on average.

For the full year, FY26 profit was ₹14.0 Cr (+55.6% on the year before).

FY26 profit ₹14.0 Cr (+55.6% on the year before), 69.5% a year over 5 years Bars: net profit, ₹ Cr (left scale). Line: growth on the year before, % (right scale). 6-year window. A bar is red when it is lower than the year before.
Net profitGrowth on a year earlier
15224%11137%850%4−37%0−124%₹ Cr%₹1455.6%FY21FY22FY23FY24FY26
15224%11137%850%4−37%0−124%₹ Cr%₹1455.6%FY21FY23FY26
07 · Cash flow

Cash flow The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Over the last 3 years, 38% of Kwick Forensic Solutions Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹8.0 Cr of operating cash against ₹14.0 Cr of profit. After ₹2.0 Cr of spending on assets, ₹6.0 Cr was left over as free cash.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹8.0 Cr against profit ₹14.0 Cr; 38% of 3 years' profit came in as cash Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 6-year window, yearly figures.
Operating cashNet profitFree cash
151061−4₹ Cr₹8₹14₹6FY21FY23FY26
151061−4₹ Cr₹8₹14₹6FY21FY23FY26
FY26: operating cash was 57% of profit (38% over three years) Operating cash as a share of net profit, each year, % (line). Dashed line = 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.
Conversion100%
332%216%100%−16%−132%%57%FY21FY23FY26
332%216%100%−16%−132%%57%FY21FY23FY26

🚨 Why 38% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

08 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Kwick Forensic Solutions Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 87 days in FY26, up from 83 days in FY21. It spent ₹3.0 Cr on assets over the last 3 years. Customers take 79 days to pay, and stock sits for 49 days on average.

At FY26 sales of ₹106 Cr, each day of that cycle ties up about ₹0.3 Cr, so roughly ₹25.0 Cr is tied up in the business at any time.

FY26: customers took 79 days to pay and stock sat for 49 days, about 1.6 months of sales sitting as stock, for a full cycle of 87 days, longer than FY21's 83.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 49 days. Customers pay about 79 days after that. Suppliers are paid at 41 days. Together that makes the 87-day cycle.

FY26: a 87-day cash cycle, +4 days compared with FY21 Debtor days, inventory days, payable days and the full cash cycle, each year. 6-year window.
Cash cycleInventory daysDebtor daysPayable days
904665427189−50days87d49d79d41dFY21FY22FY23FY24FY26
904665427189−50days87d49d79d41dFY21FY23FY26

Spending on assets: ₹3.0 Cr over the last 3 years. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹2.0 Cr, work in progress ₹1.0 Cr, steady spending Capital spending each year, ₹ Cr (bars); work in progress, ₹ Cr (line). Quarterly capital-spending figures are not available for India, so this is yearly.
CapexWork-in-progress
2.21.61.10.50.0₹ Cr₹2₹1FY22FY23FY24FY25FY26
2.21.61.10.50.0₹ Cr₹2₹1FY22FY24FY26

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

09 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Kwick Forensic Solutions Ltd earned a ROCE of 51% in FY26. That is up from a low of 7% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 13.2% net margin and 1.74× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 13.2% net margin × 1.74× asset turnover × 1.45× leverage (assets divided by equity) ≈ 33.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

FY26: ROCE 51%, the climb back from FY22's 7% Return on capital employed each year, % (line). 5-year window, low years included. Dashed line = the 12.0% cost of capital used on this page.
ROCECost of capital
58%44%31%17%3.2%%51%FY22FY23FY24FY25FY26
58%44%31%17%3.2%%51%FY22FY24FY26
10 · Debt

Debt Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Kwick Forensic Solutions Ltd had ₹0.0 Cr of borrowings against ₹42.0 Cr of equity in FY26, so its debt is 0.00× its equity. Over 5 years borrowings went from ₹2.0 Cr to ₹0.0 Cr. Over the last 3 of those years it spent ₹3.0 Cr on assets.

The spending on assets is being paid for from cash, not new debt.

FY26: borrowings ₹0.0 Cr, 0.00× equity, debt falling while the business grows Borrowings each year, ₹ Cr (bars); debt-to-equity, × (line). 6-year window. Quarterly balance-sheet figures are not available for India, so this is yearly.
BorrowingsDebt-to-equity
61.5×51.1×30.7×20.3×0−0.1×₹ Cr×₹00.00×FY21FY22FY23FY24FY26
61.5×51.1×30.7×20.3×0−0.1×₹ Cr×₹00.00×FY21FY23FY26
11 · Ownership

Ownership Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

No group of Kwick Forensic Solutions Ltd's owners changed its stake by a full percentage point over the last two years. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

No owner group moved a full point in two years Shareholding by owner group, % of the company, each quarter, last 1 quarters.
PromotersForeign inst.Domestic inst.Public
70%51%33%15%−3.6%%64.7%1.5%10.8%23.0%Sep 26
70%51%33%15%−3.6%%64.7%1.5%10.8%23.0%Sep 26
12 · Balance-sheet safety

Balance-sheet safety The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

For Kwick Forensic Solutions Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

13 · Related companies

No sector comparison is shown here — no sector comparison is available for this company.

14 · Frequently asked questions

Frequently asked questions

What is Kwick Forensic Solutions Ltd's share price today?

Kwick Forensic Solutions Ltd's share price is ₹213. The whole company is worth ₹458 Cr on the market. In the last 52 weeks it traded between ₹139 to ₹236; today it is 77% of the way up from the low, 30.6% above its 200-day average (as of 16 October 2026).

What is Kwick Forensic Solutions Ltd's market cap?

Kwick Forensic Solutions Ltd's market capitalisation is ₹458 Cr at a share price of ₹213. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 16 October 2026).

Does Kwick Forensic Solutions Ltd pay a dividend?

No. Kwick Forensic Solutions Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate (as of 16 October 2026).

How is Kwick Forensic Solutions Ltd performing?

Kwick Forensic Solutions Ltd's latest readings are below. Over the past 13 weeks it has done better than the NIFTY 500, for 17 weeks running. This describes what the data did, not a rating (as of 16 October 2026).

Is Kwick Forensic Solutions Ltd beating the market?

Lately, yes. Over the past 13 weeks Kwick Forensic Solutions Ltd has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row. Over the longer run, the last 1 months, the share price moved +36% against −4% for the NIFTY 500, so it is ahead of the index over that period (as of 16 October 2026).

Will Kwick Forensic Solutions Ltd's share price go up?

This page does not forecast Kwick Forensic Solutions Ltd's share price. What it shows instead: the share price is ₹213. Nobody can reliably say which way a price will move, and this site does not try (as of 16 October 2026).

Who owns Kwick Forensic Solutions Ltd?

Promoters own 64.7% of Kwick Forensic Solutions Ltd, foreign institutions 1.5%, domestic institutions 10.8% and the public 23.0% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 16 October 2026).

Does Kwick Forensic Solutions Ltd have too much debt?

No. Kwick Forensic Solutions Ltd's debt is 0.00× its equity, and its operating profit is 12 times its interest bill. FY26 borrowings were ₹0.0 Cr against equity of ₹42.0 Cr. So the returns on this page come from the business, not borrowed money (as of 16 October 2026).

What is Kwick Forensic Solutions Ltd's capex?

Kwick Forensic Solutions Ltd spent ₹3.0 Cr on capital expenditure (new plants, machines and other long-term assets) over the last 3 years, worked out from the change in fixed assets plus depreciation (as of 16 October 2026).

What is Kwick Forensic Solutions Ltd's cash flow?

Kwick Forensic Solutions Ltd brought in ₹8.0 Cr of operating cash flow in FY26 and ₹6.0 Cr of free cash flow after ₹2.0 Cr of spending on assets. Reported profit that year was ₹14.0 Cr, so operating cash was less than profit. Indian companies report cash flow once a year (as of 16 October 2026).

Is Kwick Forensic Solutions Ltd's profit real cash?

Not fully. Over the last 3 years, 38% of Kwick Forensic Solutions Ltd's reported profit came in as cash from operations. In FY26, operating cash was ₹8.0 Cr against reported profit of ₹14.0 Cr. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 16 October 2026).

Where is Kwick Forensic Solutions Ltd in its business cycle?

Kwick Forensic Solutions Ltd's FY26 operating margin was 18.0%, against a 6-year range of 9.0% to 19.0%: the middle of its own range, neither a peak nor a low. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 16 October 2026).

What could break the Kwick Forensic Solutions Ltd story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 16 October 2026).

Is Kwick Forensic Solutions Ltd a stock worth studying right now?

What the numbers show: Kwick Forensic Solutions Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 16 October 2026).

Sector Alpha, written by code from the published numbers · Data as of 2026-10-16. Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions. This is research, not advice. We’re not SEBI-registered.

This is research, not advice. We’re not SEBI-registered.

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