Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹54 Cr.
Stock P/E
33.6
P/B
2.7
Current Price
₹59.7
Book Value
₹ 21.9
Face Value
10
52W High
₹169
52W Low
₹ 59.7
Dividend Yield
—

Kandarp Digi Smart Overview

Business

Kandarp Digi Smart BPO Ltd. is an Indian Business Process Outsourcing (BPO) company. It specializes in providing a range of outsourced services to both government bodies and private sector clients. The company's core business model involves taking over and managing non-core operations for its clients, enabling them to focus on their primary business functions and achieve cost efficiencies. Kandarp Digi Smart BPO makes money by charging clients for its services, typically based on project scope, service level agreements (SLAs), or transactional volumes.

Revenue Mix

While a detailed percentage-based revenue mix by segment is not readily available, Kandarp Digi Smart BPO's services can be broadly categorized into:

Data Processing & Management: Includes data entry, data conversion, scanning, digitization, and document management services.

Customer Interaction Services: Inbound and outbound call center operations, customer support, and telemarketing.

Back-Office Operations: Services such as HR & payroll processing, accounting support, and other administrative tasks.

Digital & IT-enabled Services: May include content moderation, digital marketing support, and e-governance project implementation for government clients. The company often emphasizes its involvement in various government projects.

Industry

The Indian BPO/ITeS industry is highly competitive and diverse, comprising large multinational corporations, established domestic players, and numerous mid-sized to small specialized firms. Kandarp Digi Smart BPO operates within this fragmented landscape, primarily focusing on domestic clients, including government entities. Given its size, it positions itself as a cost-effective solution provider, likely competing on pricing, localized expertise, and responsiveness, rather than global scale or extensive technology differentiation against larger industry leaders.

MOAT

Kandarp Digi Smart BPO, being a relatively smaller player in a highly competitive industry, generally operates with limited durable competitive advantages.

Cost Advantage: May possess a cost advantage in specific niche segments or for local projects due to lower overheads compared to larger players.

Client Relationships: For government projects, developing and maintaining strong relationships and a track record of successful execution can create some sticky business.

Niche Expertise: Potential to develop expertise in specific types of data processing or e-governance projects, which can be a temporary advantage.

However, broad moats like strong brand recognition, significant switching costs for generic BPO services, or proprietary technology at scale are less evident.

Growth Drivers

Increased Outsourcing Demand: Growing trend for businesses and government agencies to outsource non-core functions to improve efficiency and reduce costs.

Digital India & E-governance Initiatives: Government's continued push for digitization across various sectors creates a consistent demand for data management, back-office support, and IT-enabled services.

Expansion of Service Offerings: Diversifying into new, higher-value BPO services or adopting automation tools can attract new clients and revenue streams.

Tier 2/3 City Focus: Potential for growth by tapping into talent pools and catering to clients in smaller cities within India.

Risks

Intense Competition & Pricing Pressure: The BPO industry is highly competitive, leading to pricing pressures that can impact profit margins.

Client Concentration: Dependence on a few large clients, especially government projects, can lead to revenue volatility if a major contract is lost or not renewed.

Technological Obsolescence: Rapid advancements in automation and artificial intelligence (AI) could reduce demand for traditional, manual BPO services.

Talent Acquisition & Retention: Challenges in attracting, training, and retaining skilled personnel in a competitive job market.

Data Security & Privacy: Risks associated with handling sensitive client data, including potential breaches and compliance failures, which could result in reputational damage and penalties.

Economic Downturns: Reduced client spending on outsourced services during economic slowdowns.

Management & Ownership

Kandarp Digi Smart BPO Ltd. is a promoter-driven company, typical for many smaller Indian businesses. The promoter group generally holds a significant stake, which aligns their interests with the company's long-term performance. Details on specific management quality would require deeper due diligence into their track record, corporate governance practices, and any public disclosures regarding their vision and execution.

Outlook

Kandarp Digi Smart BPO operates in a dynamic Indian BPO/ITeS market that benefits from ongoing domestic outsourcing trends and government digitization efforts. The company's focus on cost-effective solutions and government projects provides a potentially stable revenue base. However, it faces significant challenges from intense competition, pricing pressures, and the need to adapt to technological shifts like automation. Its ability to grow will depend on its capacity to expand client relationships, diversify service offerings beyond basic BPO, maintain operational efficiencies, and effectively navigate the competitive landscape while managing risks inherent to the industry.

Kandarp Digi Smart Share Price

Live · NSE · Inception: 2001
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Kandarp Digi Smart Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Kandarp Digi Smart Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 11 10 10 13 16 17 24
Other Income 0 0 0 0 0 0 0
Total Income 11 10 11 13 16 17 24
Total Expenditure 9 8 10 11 14 14 21
Operating Profit 2 2 0 2 2 3 4
Interest 0 0 0 0 0 0 0
Depreciation 0 0 0 0 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 -0
Profit Before Tax 2 2 0 1 1 2 3
Provision for Tax 0 0 0 0 0 1 1
Profit After Tax 1 1 0 1 1 1 2
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 1 1 0 1 1 1 2
Adjusted Earnings Per Share 2.4 1.8 0.2 1.4 1.1 1.1 1.8

Kandarp Digi Smart Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 7 7 8 17 18 20
Minority's Interest 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 1 1
Other Non-Current Liabilities 0 0 0 -0 -0 0 0
Total Current Liabilities 3 5 10 11 9 7 9
Total Liabilities 9 12 17 19 26 26 29
Fixed Assets 0 0 0 1 4 4 5
Other Non-Current Assets 3 4 7 8 8 8 6
Total Current Assets 6 7 10 10 14 14 19
Total Assets 9 12 17 19 26 26 29

Kandarp Digi Smart Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 0 0 0 0 1
Cash Flow from Operating Activities 1 1 2 -3 -4 -1 1
Cash Flow from Investing Activities -1 -1 -3 -1 -5 0 1
Cash Flow from Financing Activities 1 0 1 4 9 2 -1
Net Cash Inflow / Outflow 0 -0 -0 -0 0 1 0
Closing Cash & Cash Equivalent 1 0 0 0 0 1 1

Kandarp Digi Smart Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.36 1.78 0.17 1.41 1.14 1.13 1.78
CEPS(Rs) 2.57 2.14 0.31 1.5 1.83 2.02 2.59
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 9.22 11 11.17 12.39 18.81 19.98 21.89
Core EBITDA Margin(%) 20.9 18.7 3.44 11.9 13.25 17.09 15.2
EBIT Margin(%) 19.98 17.73 3.76 11.57 9.52 12.44 12.29
Pre Tax Margin(%) 17.85 15.08 1.47 9.73 7.8 9.46 10.32
PAT Margin (%) 13.42 11.16 1.01 6.92 6.34 6.13 6.55
Cash Profit Margin (%) 14.59 13.42 1.88 7.35 10.2 10.96 9.56
ROA(%) 16.07 10.6 0.73 4.97 4.58 3.93 5.81
ROE(%) 25.6 17.59 1.52 12 8.29 5.82 8.49
ROCE(%) 31.55 22.69 4.22 15.08 10.5 9.72 12.84
Receivable days 122.86 167.74 241.17 233.9 206.52 224.73 188.69
Inventory Days 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0
PER(x) 0 0 0 0 14.93 21.18 44.24
Price/Book(x) 0 0 0 0 0.9 1.2 3.59
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 0.11 0.22 0.33 0.63 1.1 1.53 3.02
EV/Core EBITDA(x) 0.52 1.08 7.21 5.29 8.19 8.87 19.58
Net Sales Growth(%) 0 -9.43 4.15 22.98 25.84 2.48 47.37
EBIT Growth(%) 0 -19.64 -77.89 278.08 3.58 33.92 45.58
PAT Growth(%) 0 -24.67 -90.53 739.68 15.21 -0.9 57.48
EPS Growth(%) 0 -24.67 -90.53 739.67 -19.46 -0.9 57.48
Debt/Equity(x) 0.21 0.25 0.42 0.25 0.16 0.27 0.21
Current Ratio(x) 1.91 1.54 0.99 0.9 1.57 2.06 2.16
Quick Ratio(x) 1.91 1.54 0.99 0.9 1.57 2.06 2.16
Interest Cover(x) 9.36 6.69 1.64 6.29 5.52 4.17 6.25
Total Debt/Mcap(x) 0 0 0 0 0.17 0.23 0.06

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +41% +23% +19% —
Operating Profit CAGR +33% +26% +15% —
PAT CAGR +100% +26% +15% —
Share Price CAGR -40% +45% — —
ROE Average +8% +8% +7% +11%
ROCE Average +13% +11% +10% +15%

Kandarp Digi Smart Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 58.77 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 41.23 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 69.9169.9169.9167.6858.7758.7758.7758.7758.7758.77
FII 0000000000
DII 0000000000
Public 30.0930.0930.0932.3241.2341.2341.2341.2341.2341.23
Others 0000000000
Total 100100100100100100100100100100

Kandarp Digi Smart Peer Comparison

Kandarp Digi Smart Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Kandarp Digi Smart Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp