Meta Infotech Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Meta Infotech Ltd trades at ₹61.5, in a downtrend and 38 weeks into that stage. That is −54.7% against its own 200-day average. It sits at 0% of a 52-week range of ₹62 to ₹236. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (25 weeks and counting).

Today the stock is in a downtrend — week 38 of stage 4, confirmed. At ₹61.5 it trades −54.7% versus its 200-day average and sits at 0% of its 52-week range (₹62–₹236).

Against the market, two honest reads. Cumulative: over the last 8 months the stock moved −74% while the NIFTY 500 moved −11% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (25 weeks and counting) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Meta Infotech Ltd trades at 8.6× P/E, near the bottom of its own range — cheaper only 4% of the time. Its long-run median P/E is 15.0×, measured across 0.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 8.6× is near the bottom of its own range — cheaper only 4% of the time, against a long-run median of 15.0× measured over 0.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Meta Infotech Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

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

Meta Infotech Ltd reported ₹210 Cr of revenue in the Sep 25 quarter, +14.1% year on year. Over 5 years it has compounded at 55.6% a year. The last full year, FY25, came in at ₹219 Cr.

FY25 revenue came in at ₹219 Cr (+44.1% on the year), capping 5 years at 55.6% compound. The latest quarter (Sep 25) printed ₹210 Cr, +14.1% year on year.

Pace check: the last four quarters averaged +14.1% growth against the decade's 55.6% — the current year is running slower than its own long-run rate.

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

Meta Infotech Ltd's operating margin is 8.0% in the Sep 25 quarter, −2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 6 fiscal years the operating margin has ranged 7.0% to 11.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 8.0%, −2.0 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 7.0%–11.0%, and FY25's 11.0% is the top of that band — a record year.

Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

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

Meta Infotech Ltd earned ₹10.0 Cr of net profit in the Sep 25 quarter, −9.1% year on year. Full-year FY25 profit was ₹14.0 Cr. The 5-year compound rate is 69.5%. That is 4.8% of the quarter's revenue.

Sep 25 profit was ₹10.0 Cr, −9.1% year on year. On the full year, FY25 printed ₹14.0 Cr (+27.3%), and the 5-year compound rate is 69.5%.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 56% of Meta Infotech Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−13.0 Cr of operating cash against ₹14.0 Cr of profit. After ₹2.0 Cr of capital spending, ₹−15.0 Cr was left as free cash.

FY25: operating cash of ₹−13.0 Cr against reported profit of ₹14.0 Cr, leaving free cash of ₹−15.0 Cr after ₹2.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 56% of profit.

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

🚨 Why conversion sits at 56%: the cash cycle tightened 41 days between FY20 and FY25 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 2.0× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Meta Infotech Ltd's cash conversion cycle runs 26 days in FY25, down from 67 days in FY20. Capital spending ran ₹10.0 Cr over the last 3 years. At FY25 sales of ₹219 Cr each day of that cycle holds about ₹0.6 Cr, so roughly ₹16.0 Cr sits inside the business at any moment.

FY25: debtors at 37 days, inventory at 10 days — roughly 0.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 26 days, tighter than FY20's 67.

The full loop: cash goes out to suppliers and production on day 0; stock waits 10 days to sell; customers pay about 37 days after that; and suppliers themselves are paid at 21 days — netting out to the 26-day cycle.

In money terms: at FY25 sales of ₹219 Cr, each day of the cycle holds about ₹0.6 Cr — so the 26-day loop keeps roughly ₹16.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹10.0 Cr over the last 3 fiscal years against ₹5.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.

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

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Meta Infotech Ltd earns a ROCE of 51% in FY25. That is up from a trough of 12% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 6.4% net margin on 2.96× asset turns.

FY25 ROCE is 51%, recovered from a FY21 trough of 12% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 6.4% net margin × 2.96× asset turns × 1.64× balance-sheet leverage ≈ 31.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Meta Infotech Ltd carries ₹17.0 Cr of borrowings against ₹45.0 Cr of equity in FY25, a debt-to-equity of 0.38. Operating profit covers the interest bill 25×. Over 5 years borrowings went from ₹11.0 Cr to ₹17.0 Cr. Capital spending ran ₹10.0 Cr across the last 3 of those years.

FY25: borrowings of ₹17.0 Cr against equity of ₹45.0 Cr — a debt-to-equity of 0.38. Operating profit covers the interest bill 25×. Over 5 years borrowings went from ₹11.0 Cr to ₹17.0 Cr while capital spending ran ₹10.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Meta Infotech Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Meta Infotech Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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