ADSLInformation Technology

Allied Digital Services Limited

IT Enabled Services · ISIN INE102I01027 · BSE 532875 · NSE EQ · FV ₹5
Last price
₹104
-1.81%today
What this company does

Allied Digital Services Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹265 cr of revenue in its latest quarter (Q2 FY27) and kept 4.1% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet44

How much it owes, and whether earnings cover the interest

Cash quality38

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation87

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 14% vs last year
✓ Promoters hold 51%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 4.1% net margin
! Profit down 24% vs last year
! Low 6.9% return on equity

What if I invest in ADSL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹104▼ -1.81%
latest close · 2026-11-04
1-year return
+26.9%
52-wk low ₹8252-wk high ₹175
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.8Low
LowAverageHigh
P/B ratio0.93Below book
Below bookModerateHigh
EV / EBITDA5.4Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.9%Weak
WeakFairStrong ▸15%
Return on capital10.8%Fair
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin10.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.24Comfortable
LowModerateHigh ▸1
Interest cover5.0×Strong
RiskyOkayStrong ▸5×
Current ratio2.56Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹592 cr
Book value
₹112
EPS
₹2.22
latest quarter
Net debt
₹-18 cr
more cash than debt
Enterprise value
₹574 cr
EBITDA
₹106 cr
annualised
EBIT
₹85 cr
annualised
Operating margin
8.0%
Return on assets
3.9%
Earnings yield
8.50%
P/S
0.56
Sales / share
₹187.3
Tax rate
26.3%
Face value
₹5
Shares
5.7 cr
Working capital
₹513 cr
Current assets
₹841 cr
Current liabilities
₹328 cr
Delivery %
38.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 10% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹111–₹124, midpoint ₹118

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹265 cr
Other Income₹2 cr
Total Income₹267 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹165 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹59 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹21 cr
Total Expenses₹250 cr
Profit before Tax₹17 cr
Tax Expense₹5 cr
Net Profit₹13 cr
Net margin on total income4.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹161 cr60.0%
Employee benefit expense₹59 cr22.0%
Finance costs₹4 cr1.6%
Depreciation & amortisation₹5 cr1.9%
Other expenses₹21 cr8.0%
Tax expense₹5 cr1.7%
Profit for the period₹13 cr4.7%
Total income ₹267 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue268 cr260 cr265 cr
Total income274 cr263 cr267 cr
Expenses286 cr246 cr250 cr
Profit before tax-13 cr17 cr17 cr
Tax-9 cr4 cr5 cr
Net profit (owners' share)-5 cr11 cr11 cr
Net margin (owners' share, on revenue)-2.0%4.4%4.1%
EPS (₹)-0.602.192.22
YoY (latest quarter): total income +11.1% · net profit -24.4%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,121 cr
Shareholder equity
₹635 cr
parent shareholders
Total debt
₹167 cr
Cash
₹185 cr
Cash flow · H1 FY27
Operating
₹16 cr
Investing
₹-4 cr
Financing
₹29 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹4,224₹44,774 cr29.5
Inventurus Knowledge Solutions Limited₹1,730₹29,555 cr37.4
Tata Technologies Limited₹648₹26,306 cr38.4
Netweb Technologies India Limited₹4,088₹23,276 cr43.4
Affle 3i Limited₹1,583₹22,270 cr42.9
SAGILITY LIMITED₹42₹19,812 cr17.4
Black Box Limited₹798₹14,168 cr63.3
Amagi Media Labs Limited₹564₹12,209 cr94.7
Cyient Limited₹1,139₹11,939 cr24.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.44%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹1.5 / share28 Aug 2026
Dividend₹1.5 / share4 Sep 2025
Dividend₹1.5 / share2 Aug 2024
Dividend₹1.25 / share10 Aug 2023
Dividend₹1 / share20 Jul 2022
Dividend₹0.75 / share3 Sep 2021
Who owns it · 2026-09-30
No pledge
Promoter
51.0%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
48.9%
Promoter stake down 1.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtDeepak Shukla · Employee300 · ₹6,0006 Aug 26
BoughtPradeep Rawat · Designated Person225 · ₹4,5006 Aug 26
BoughtAshish Sharma · Employee1,000 · ₹20,0006 Aug 26
Bulk / block deals
BoughtALPHAGREP SECURITIES PRIVATE LIMITED · NSE3.52 L @ ₹121.228 Sep 26
SoldALPHAGREP SECURITIES PRIVATE LIMITED · NSE3.52 L @ ₹121.2128 Sep 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE4.25 L @ ₹130.9124 Jun 26
Stake changes
BoughtTejal P Shah · promoter→ 19.76% · 79.28 L6 Apr 23
BoughtNitin Dhanji Shah · promoter→ 37.04% · 35.00 L13 Oct 21
OthersMr. Nitin Dhanji Shah along with PAC · promoter→ 37.41%16 Sep 20
Promoter pledges
ReleasedKotak Mahindra Bank Ltd10.00 L · 1.99% held17 Jul 20
ReleasedShital Jawahar at HUF3.50 L · 0.70% held17 Dec 19
ReleasedComfort Fincap11.69 L · 3.03% held6 Feb 19
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 1 Sep 2026
See the official result
1
1 - To consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of the Auditors thereon.
Backed by 95% of shareholders other than promotersneeded 50%
9.92 L votes for, 49,969 against · 89% of mutual funds and other big investors said no
2
2 - To declare a dividend on Equity Shares of the Company for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
10.41 L votes for, 1,066 against · 0% of mutual funds and other big investors said no
3
3 - To appoint a Director in place of Mr. Nehal Shah(DIN: 02766841), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Backed by 95% of shareholders other than promotersneeded 50%
9.91 L votes for, 51,085 against · 89% of mutual funds and other big investors said no
4
4 - Re-appointment of Mr. Shakti Kumar Leekha (DIN: 03246804) as an Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
10.40 L votes for, 2,322 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 51.0% between them · as of 2026-09-30
Nitin Dhanji Shah33.16%
Tejal Prakash Shah16.11%
Rohan Prakash Shah0.73%
Prakash Dhanjibhai Shah acting as a beneficiary and family trustee of Padma Pragna Private Trust0.39%
Vivil Investments Private Limited0.33%
Nehal Nitin Shah0.20%
Abhirati Properties Private Limited0.03%
Dhara N Shahno shares
Business done with them
FY2026 · 2 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹968 cr revenue and received ₹56 L back from them.
ABHIRATI PROPERTIES PRIVATE LIMITED
Other income from them · As per Notes
also owns 0.03% of the company
₹31 L
company received
Vivil Investments Private Limited
Other income from them · As per Notes
also owns 0.33% of the company
₹25 L
company received

The company also transacted with 6 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.