Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹8004 Cr.
Stock P/E
23.3
P/B
2.5
Current Price
₹569.8
Book Value
₹ 224
Face Value
5
52W High
₹1244.9
52W Low
₹ 589
Dividend Yield
1.23%

Intellect Design Overview

Business

Intellect Design Arena Ltd. is a global FinTech product company that develops and offers a comprehensive suite of software products and platforms primarily for the financial services industry. The company's core business model revolves around licensing its proprietary software products (either on-premise or cloud-hosted SaaS) and providing related services such as implementation, integration, customization, and ongoing maintenance and support. Intellect makes money through recurring revenue streams from annual maintenance contracts (AMCs) and subscription fees (for SaaS offerings), as well as project-based revenue from new license sales and implementation services. Its solutions cover various aspects of banking, insurance, and capital markets.

Revenue Mix

Intellect Design Arena categorizes its business primarily by the product families it offers to the financial services sector. While exact percentages can fluctuate and are not always precisely detailed across public reports, the major segments include:

Global Consumer Banking (iGCB): Core banking, digital engagement, payments, lending.

Global Transaction Banking (iGTB): Corporate banking solutions including cash management, trade finance, and payments.

Capital Markets & Wealth Management (iRTM, Intellect Wealth): Treasury, risk management, capital markets, and wealth management platforms.

Insurance (Intellect SEEC): Solutions for underwriting, claims, and policy administration.

eMACH.ai & Strategic Products: An integrated suite of microservices-based, API-first, cloud-native, headless, and event-driven architecture that underpins its products, and other emerging solutions.

Revenue is generated from product licenses, implementation services, and annual maintenance/subscription contracts.

Industry

Intellect operates in the highly specialized and competitive FinTech software industry, a subset of the broader IT software sector. This industry is characterized by complex regulatory environments, high entry barriers for new core system providers, and a strong demand for robust, secure, and scalable solutions. Intellect positions itself as a pure-play FinTech product company, distinguishing itself from traditional IT services firms that primarily offer custom development or system integration. Its focus on a microservices-based, cloud-native architecture (eMACH.ai) aims to provide agility and scalability, differentiating it from legacy monolithic systems. It competes with global FinTech giants like Temenos, FIS, Oracle FSS, and Capgemini (for certain segments) as well as niche players.

MOAT

Intellect Design Arena's competitive advantages primarily stem from:

High Switching Costs: Financial institutions invest significantly in core banking and other critical systems. Migrating to a new vendor is extremely complex, time-consuming, costly, and carries substantial operational risk, creating high switching costs for existing clients.

Deep Domain Expertise & IP: The company possesses specialized intellectual property and deep domain knowledge in financial services, which is hard to replicate. Its products are built over years of understanding complex banking processes and regulatory requirements.

Client Relationships: Long-standing relationships with various financial institutions globally, built on trust and successful project deliveries.

Product Architecture (eMACH.ai): Its modern, open-architecture product suite offers flexibility and faster integration, potentially attracting banks looking to modernize their technology stack.

Growth Drivers

Digital Transformation in Banking: Banks globally are investing heavily in modernizing their legacy IT infrastructure to enhance customer experience, improve operational efficiency, and meet evolving digital demands.

Cloud Adoption: Increasing adoption of cloud-native and SaaS solutions by financial institutions provides a significant growth avenue for Intellect's product offerings.

Regulatory Compliance: Ongoing and evolving regulatory requirements necessitate advanced software solutions for risk management, reporting, and compliance.

Emerging Markets & Geographic Expansion: Opportunities in growing financial markets in Asia, Africa, and Latin America, alongside continued penetration in developed markets.

Expansion into New Product Lines: Developing and acquiring new products to address evolving needs in areas like blockchain, AI/ML-driven analytics, and Open Banking.

Risks

Intense Competition: The FinTech software market is highly competitive with established global players and emerging specialized vendors.

Technological Obsolescence: Rapid technological changes demand continuous R&D investment to keep products competitive and relevant. Failure to innovate can lead to loss of market share.

Economic Sensitivity: Financial institutions' IT spending can be impacted by global economic downturns, interest rate changes, and geopolitical instability.

Execution Risk: Large, complex project implementations carry execution risks, potential delays, and cost overruns, which can impact profitability and client relationships.

Cybersecurity Threats: As a provider of critical software to financial institutions, the company faces significant cybersecurity risks and must ensure the robustness of its solutions.

Client Concentration: Dependence on a few large contracts or clients can pose a risk if those relationships are impacted.

Management & Ownership

Intellect Design Arena was founded by Mr. Arun Jain, who also founded Polaris Consulting & Services. He serves as the Chairman and Managing Director. The management team comprises experienced professionals with a strong background in financial technology and global operations. The company has a promoter-led ownership structure, which typically indicates a strong long-term vision and commitment to the business. The quality of management is generally perceived as focused on product innovation and global expansion within the FinTech space.

Outlook

Intellect Design Arena operates in a promising niche driven by the secular trend of digital transformation within the global financial services industry. Its focus on a modern, open architecture (eMACH.ai) and a shift towards recurring revenue through SaaS models positions it well to capitalize on the increasing demand for agile and scalable FinTech solutions. The high switching costs inherent in core banking systems provide a degree of revenue stability. However, the company faces significant competition from well-capitalized global players and niche innovators. Its ability to continuously innovate, execute large projects effectively, and expand its footprint in new geographies will be crucial for sustained growth. While macroeconomic headwinds could impact client IT spending in the short term, the long-term imperative for banks to modernize their technology stack offers a robust growth runway for Intellect Design Arena.

Intellect Design Share Price

Live · BSE / NSE · Inception: 2011
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Intellect Design Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 614 606 558 610 726 702 758 731 847 845
Other Income 17 17 29 15 23 33 31 22 37 28
Total Income 631 623 587 625 749 734 789 753 884 873
Total Expenditure 477 486 477 491 522 558 605 631 664 679
Operating Profit 153 137 110 134 227 176 184 122 221 194
Interest 1 1 1 1 1 1 1 1 2 1
Depreciation 35 37 39 40 41 48 49 53 59 58
Exceptional Income / Expenses 0 0 0 0 0 0 0 -31 0 0
Profit Before Tax 117 100 70 93 184 126 134 36 160 135
Provision for Tax 49 23 17 23 46 32 34 10 42 33
Profit After Tax 68 76 52 70 139 95 100 27 118 102
Adjustments 5 -2 1 -0 -3 -0 2 2 2 -0
Profit After Adjustments 73 74 53 70 135 94 102 28 120 102
Adjusted Earnings Per Share 5.3 5.4 3.8 5.1 9.7 6.8 7.3 2 8.6 7.3

Intellect Design Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 811 914 1087 1450 1347 1497 1878 2231 2506 2500 3038 3181
Other Income 26 34 27 63 26 13 41 51 59 77 123 118
Total Income 836 948 1114 1512 1373 1510 1919 2283 2565 2577 3161 3299
Total Expenditure 847 937 1012 1317 1271 1139 1403 1793 1964 1966 2454 2579
Operating Profit -11 11 102 195 102 371 516 490 601 611 706 721
Interest 2 13 17 16 22 13 7 7 6 8 10 5
Depreciation 21 24 27 42 69 77 98 122 137 156 209 219
Exceptional Income / Expenses 0 0 0 0 6 0 0 0 0 0 -31 -31
Profit Before Tax -33 -20 64 140 23 290 413 363 461 444 460 465
Provision for Tax -9 3 7 9 5 25 63 95 138 109 117 119
Profit After Tax -23 -22 57 131 18 265 350 269 323 334 343 347
Adjustments 0 0 -10 0 -2 -2 -1 -1 -2 -2 2 6
Profit After Adjustments -23 -22 47 131 16 263 349 267 321 333 345 352
Adjusted Earnings Per Share -2.2 -2.1 3.7 10 1.2 19.8 25.9 19.7 23.5 24 24.7 25.2

Intellect Design Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 611 598 802 1020 1045 1393 1809 2058 2439 2786 3170
Minority's Interest 0 0 10 9 12 12 13 11 12 31 29
Borrowings 0 56 90 64 35 8 0 0 0 0 0
Other Non-Current Liabilities -9 -11 -15 -42 3 -60 -51 -15 52 455 624
Total Current Liabilities 398 530 459 536 730 611 764 800 875 975 1227
Total Liabilities 1000 1173 1346 1587 1825 1963 2534 2854 3378 4247 5050
Fixed Assets 258 278 274 334 368 397 433 493 555 724 888
Other Non-Current Assets 196 271 374 428 505 522 686 960 1040 1520 1640
Total Current Assets 546 624 698 825 951 1045 1415 1402 1783 2002 2522
Total Assets 1000 1173 1346 1587 1825 1963 2534 2854 3378 4247 5050

Intellect Design Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 98 45 23 61 75 100 145 146 94 200 324
Cash Flow from Operating Activities -101 -65 49 -50 44 463 453 174 410 431 510
Cash Flow from Investing Activities 31 -109 -149 1 -100 -190 -399 -177 -255 -245 -272
Cash Flow from Financing Activities 16 146 143 63 80 -225 -52 -50 -49 -63 -113
Net Cash Inflow / Outflow -53 -28 42 14 24 48 2 -53 106 123 125
Closing Cash & Cash Equivalent 45 23 61 75 100 145 146 94 200 324 452

Intellect Design Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -2.18 -2.06 3.72 9.96 1.21 19.76 25.94 19.69 23.47 23.97 24.73
CEPS(Rs) -0.26 0.16 6.63 13.11 6.54 25.67 33.3 28.74 33.61 35.35 39.53
DPS(Rs) 0 0 0 0 0 0 2.5 2.5 3.5 7 7
Book NAV/Share(Rs) 55.11 53.02 61.58 75.35 75.73 100.02 127.89 143.27 168.1 193.27 217.88
Core EBITDA Margin(%) -4.48 -2.56 6.91 9.11 5.6 23.95 25.29 19.65 21.63 21.36 19.22
EBIT Margin(%) -3.74 -0.75 7.38 10.78 3.32 20.24 22.39 16.58 18.62 18.06 15.46
Pre Tax Margin(%) -4.01 -2.14 5.86 9.67 1.69 19.37 22 16.28 18.4 17.75 15.14
PAT Margin (%) -2.89 -2.45 5.22 9.06 1.31 17.67 18.66 12.04 12.88 13.38 11.3
Cash Profit Margin (%) -0.35 0.19 7.66 11.92 6.43 22.8 23.85 17.48 18.35 19.63 18.17
ROA(%) -2.43 -2.06 4.5 8.95 1.03 13.97 15.58 9.97 10.36 8.77 7.38
ROE(%) -3.87 -3.83 8.41 14.87 1.77 22.69 22.97 14.66 15.21 13.42 11.99
ROCE(%) -4.81 -0.94 8.96 14.78 3.65 22.08 25.85 19.13 20.76 17.28 15.78
Receivable days 71.63 71.1 74.86 55.89 66.05 57.46 43.14 55.04 70.63 73.21 67.71
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 44.29 20.44 45.27 37.43 36.52 20.87 46.76 28.9 24.21
Price/Book(x) 3.83 2.03 2.68 2.7 0.72 7.39 7.41 2.87 6.53 3.58 2.75
Dividend Yield(%) 0 0 0 0 0 0 0.26 0.61 0.32 1.01 1.17
EV/Net Sales(x) 2.77 1.41 1.92 1.89 0.65 6.5 6.7 2.46 5.91 3.72 2.59
EV/Core EBITDA(x) -212.91 119.98 20.52 14.03 8.57 26.21 24.42 11.19 24.64 15.2 11.14
Net Sales Growth(%) 33.17 12.7 19.01 33.32 -7.08 11.18 25.42 18.8 12.33 -0.26 21.53
EBIT Growth(%) 62.58 77.41 1270.89 94.58 -71.37 577.55 38.73 -12.03 26.19 -3.27 4.08
PAT Growth(%) 72.12 4.54 353.33 131.46 -86.56 1399.69 32.42 -23.36 20.15 3.63 2.64
EPS Growth(%) 71.91 5.44 280.55 167.61 -87.87 1535.43 31.29 -24.11 19.22 2.09 3.19
Debt/Equity(x) 0.04 0.4 0.21 0.13 0.26 0.04 0 0 0 0 0
Current Ratio(x) 1.37 1.18 1.52 1.54 1.3 1.71 1.85 1.75 2.04 2.05 2.06
Quick Ratio(x) 1.37 1.18 1.52 1.54 1.3 1.71 1.85 1.75 2.04 2.05 2.06
Interest Cover(x) -14.05 -0.54 4.85 9.75 2.03 23.35 57.94 56.88 84.65 58.59 48.13
Total Debt/Mcap(x) 0.01 0.2 0.08 0.05 0.35 0.01 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +22% +11% +15% +14%
Operating Profit CAGR +16% +13% +14% —
PAT CAGR +3% +8% +5% —
Share Price CAGR -42% -6% -4% +13%
ROE Average +12% +14% +16% +11%
ROCE Average +16% +18% +20% +13%

Intellect Design Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 29.62 %
FII 23.51 %
DII (MF + Insurance) 7.33 %
Public (retail) 39.53 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 30.3530.2630.0529.9529.9129.8729.8429.8129.7329.62
FII 27.8527.5327.1926.2124.8627.8327.5326.625.5723.51
DII 3.795.236.357.18.237.167.187.117.17.33
Public 38.0136.9836.4136.743735.1335.4536.4937.639.53
Others 0000000000
Total 100100100100100100100100100100

Intellect Design Peer Comparison

IT - Software Edit Columns

Intellect Design Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Intellect Design Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 29.62%.
  • Company has a low return on equity of 14% over the last 3 years.
  • The company has delivered a poor profit growth of 5% over past five years.
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