Onemi Technology Solutions 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.

Onemi Technology Solutions Ltd trades at ₹310, in a confirmed uptrend and 12 weeks into that stage. That is +24.0% against its own 200-day average. It sits at 72% of a 52-week range of ₹232 to ₹340. On relative strength it has no relative-strength read yet.

Today the stock is in a confirmed uptrend — week 12 of stage 2, confirmed. At ₹310 it trades +24.0% versus its 200-day average and sits at 72% of its 52-week range (₹232–₹340).

Against the market, two honest reads. Cumulative: over the last 2 months the stock moved +34% while the NIFTY 500 moved +4% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — 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.

Onemi Technology Solutions Ltd trades at 16.5× P/E, about the priciest it has ever traded. Its long-run median P/E is 12.0×, measured across 0.3 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 16.5× is about the priciest it has ever traded, against a long-run median of 12.0× measured over 0.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is full 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).

Onemi Technology Solutions 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.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

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.

Onemi Technology Solutions Ltd reported ₹670 Cr of revenue in the Jun 26 quarter, +44.7% year on year. That is the 2nd straight quarter of year-on-year growth. Over 5 years it has compounded at 65.7% a year. The last full year, FY26, came in at ₹2,188 Cr. The last four reported quarters add to ₹2,343 Cr.

FY26 revenue came in at ₹2,188 Cr (+61.8% on the year), capping 5 years at 65.7% compound. The latest quarter (Jun 26) printed ₹670 Cr, +44.7% year on year — the 2nd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +56.3% growth against the decade's 65.7% — 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.

Onemi Technology Solutions Ltd's operating margin is 31.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across the last four quarters the operating margin has moved −2.0 percentage points. Across 6 fiscal years the operating margin has ranged −13.0% to 32.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 31.0%, +0.0 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged −13.0%–32.0%.

🚨 Why the margin moved: operating margin went −2.4 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

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

Onemi Technology Solutions Ltd earned ₹95.0 Cr of net profit in the Jun 26 quarter, +58.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹281 Cr. That is 14.2% of the quarter's revenue. The same quarter a year earlier earned ₹54.0 Cr.

Jun 26 profit was ₹95.0 Cr, +58.3% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹281 Cr (+74.5%).

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 −275% of Onemi Technology Solutions Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−461 Cr of operating cash against ₹281 Cr of profit. After ₹13.0 Cr of capital spending, ₹−474 Cr was left as free cash.

FY26: operating cash of ₹−461 Cr against reported profit of ₹281 Cr, leaving free cash of ₹−474 Cr after ₹13.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −275% 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 −275%: the cash cycle stretched 15 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 15 days — the next section's job is to find where the cash is stuck.

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).

Onemi Technology Solutions Ltd's cash conversion cycle runs 17 days in FY26, up from 2 days in FY21. Capital spending ran ₹51.0 Cr over the last 3 years. At FY26 sales of ₹2,188 Cr each day of that cycle holds about ₹6.0 Cr, so roughly ₹102 Cr sits inside the business at any moment.

FY26: debtors at 17 days (an asset-light business — no inventory to speak of) — for a full cycle of 17 days, looser than FY21's 2.

In money terms: at FY26 sales of ₹2,188 Cr, each day of the cycle holds about ₹6.0 Cr — so the 17-day loop keeps roughly ₹102 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹51.0 Cr over the last 3 fiscal years against ₹68.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

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.⚠ unverified

Onemi Technology Solutions Ltd earns a ROCE of 23% in FY26. That is up from a trough of 15% in FY23. Return on invested capital clears the cost of that capital by −3.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 12.8% net margin on 0.55× asset turns.

FY26 ROCE is 23%, recovered from a FY23 trough of 15% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 12.8% net margin × 0.55× asset turns × 2.97× balance-sheet leverage ≈ 20.9% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 8.4% − 12.0% = a −3.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

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.

Onemi Technology Solutions Ltd carries ₹1,928 Cr of borrowings against ₹1,343 Cr of equity in FY26, a debt-to-equity of 1.44. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹125 Cr to ₹1,928 Cr. Capital spending ran ₹51.0 Cr across the last 3 of those years.

FY26: borrowings of ₹1,928 Cr against equity of ₹1,343 Cr — a debt-to-equity of 1.44. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹125 Cr to ₹1,928 Cr while capital spending ran ₹51.0 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 Onemi Technology Solutions 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.

Onemi Technology Solutions 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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