---
title: "Baron Infotech Ltd (532336) — Share Price, Financials & Analysis"
symbol: "532336"
company: "Baron Infotech Ltd"
canonical: "https://tapetide.com/stocks/532336"
isin: "INE228B01017"
bse_code: "532336"
sector: "Information Technology"
industry: "Software Products"
market_cap_cr: 2
generated_at: "2026-10-13T11:01:40.511Z"
---

# Baron Infotech Ltd (532336)

Canonical page: https://tapetide.com/stocks/532336

## Company

- **BSE Code:** 532336
- **ISIN:** INE228B01017
- **Sector:** Information Technology
- **Industry:** Software Products
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2012-02-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** baroninfotech.com

## About

Incorporated in 1994, Baron Infotech Ltd 
is in the business of providing IT based 
services[1]

## Latest Price

## Key Fundamentals

Price-based figures as of 2026-10-12T15:30:00+05:30.

Observed at 2026-10-12T04:33:35.336097Z.

- **Market Cap:** ₹2 Cr
- **Classification:** Microcap
- **EPS (TTM):** -₹0.2
- **Book Value:** -₹0.38
- **Dividend Yield:** 0%
- **ROE:** 613.77%
- **ROCE:** 584.98%
- **Debt to Equity:** 1.24
- **Revenue (yearly):** ₹0.1 Cr
- **Net Income:** -₹1.3 Cr
- **EBITDA:** -₹1.3 Cr
- **52-Week High:** ₹1.99
- **52-Week Low:** ₹1.38

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 12.4%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 100% | 0% | -100% |
| ebitda margin growth | 0% | 666.69% | — | — |
| net income growth | -0.1% | 333.33% | — | 4% |
| revenue growth | 0% | 0% | 0% | 0% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.02 | 0.05 | 0.04 | 0.02 | 0.01 | 0.02 | 0 | 0.03 | 0 | 0 | 0 | 0 |
| Expenses | 0.02 | 0.05 | 0.04 | 0.34 | 0.02 | 0.79 | 0.01 | 0.5 | 0.08 | 0 | 0 | 0.01 |
| Operating Profit | 0 | 0 | 0 | -0.32 | -0.01 | -0.77 | -0.01 | -0.47 | -0.08 | 0 | 0 | -0.01 |
| OPM % | 0 | 0 | 0 | -1600 | -100 | -3850 | — | -1566.67 | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0 | 0 | 0 | 0.08 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | -0.32 | -0.01 | -0.77 | -0.01 | -0.53 | -0.08 | 0 | 0 | -0.09 |
| Tax % | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | — | — | 0 |
| Net Profit | 0 | 0 | 0 | -0.32 | -0.01 | -0.77 | -0.01 | -0.53 | -0.08 | 0 | 0 | -0.09 |
| EPS in Rs | 0 | 0 | 0 | -0.31 | -0.01 | -0.75 | -0.01 | -0.52 | -0.08 | 0 | 0 | -0.09 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.12 | 0.25 | 0.06 | 0.05 | 0.05 | 0.09 | 0.1 | 0.12 | 0.07 | 0 |
| Expenses | 3.17 | 0.29 | 0.07 | 0.05 | 0.13 | 0.1 | 0.13 | 0.43 | 1.34 | 0.06 |
| Operating Profit | -3.05 | -0.04 | -0.01 | 0 | -0.08 | -0.01 | -0.03 | -0.31 | -1.27 | -0.06 |
| OPM % | -2541.67 | -16 | -16.67 | 0 | -160 | -11.11 | -30 | -258.33 | -1814.29 | — |
| Other Income | 0 | 0.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.11 |
| Depreciation | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -3.12 | 0.92 | -0.01 | 0 | -0.08 | -0.01 | -0.03 | -0.31 | -1.33 | -0.17 |
| Tax % | -31.09 | 16.3 | 0 | — | 175 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -2.16 | 0.76 | -0.01 | 0 | -0.21 | -0.01 | -0.03 | -0.31 | -1.33 | -0.17 |
| EPS in Rs | -2.12 | 0.75 | -0.01 | 0 | -0.21 | -0.01 | -0.03 | -0.3 | -1.3 | -0.17 |
| Dividend Payout % | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 |
| Reserves | -9.27 | -8.51 | -8.53 | -8.53 | -8.74 | -8.75 | -8.78 | -9.09 | -10.42 | -10.59 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 1.1 |
| Other Liabilities | 0.04 | 0.05 | 0.06 | 0.06 | 0.14 | 0.18 | 0.2 | 0.5 | 0.77 | 1.23 |
| Total Liabilities | 0.97 | 1.74 | 1.73 | 1.73 | 1.6 | 1.63 | 1.62 | 1.61 | 1.65 | 1.94 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0.93 | 0.93 | 0 | 0 | 0 | 0.93 |
| CWIP | 0 | 0.93 | 0.93 | 0.93 | 0 | 0 | 0.93 | 0.93 | 0.93 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.97 | 0.81 | 0.8 | 0.8 | 0.67 | 0.7 | 0.69 | 0.68 | 0.72 | 1.01 |
| Total Assets | 0.97 | 1.74 | 1.73 | 1.73 | 1.6 | 1.63 | 1.62 | 1.61 | 1.65 | 1.94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0.93 | 0 | 0 | 0.01 | 0.02 | 0 | -0.01 | 0 | -0.01 |
| Cash from Investing Activity | 0 | -0.93 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0 | -0.01 | 0 | -0.01 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0 | -0.01 | 0 | -0.01 |
| CFO/OP | 0 | -2325 | 0 | — | -12 | -200 | 0 | 3 | 0 | 17 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Inventory Days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Working Capital Days | -121.67 | -58.4 | -365 | -438 | -1095 | -770.56 | -730 | -1520.83 | -9594.29 | — |
| ROCE % | -155.22 | 70.23 | -0.6 | 0 | -5.11 | -0.69 | -2.09 | -24.51 | -127.64 | -7.55 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% | 12.44% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% | 85.27% |
| Others | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% |
| No. of Shareholders | 9402 | 9389 | 9382 | 9372 | 9349 | 9349 | 9349 | 9349 | 9349 | 9349 | 9349 | 9349 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.93 | Buy |
| EMA (10) | 1.92 | Buy |
| SMA (20) | 1.82 | Buy |
| EMA (20) | 1.83 | Buy |
| SMA (50) | 1.57 | Buy |
| EMA (50) | 1.61 | Buy |
| SMA (100) | 1.28 | Buy |
| EMA (100) | 1.36 | Buy |
| SMA (200) | 0.96 | Buy |
| EMA (200) | 1.06 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 99.97 | Sell |
| MACD (12,26,9) | 0.13 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 98.94 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.02 | Neutral |
| ROC (12) | 15.03 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 100 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-05-05 | [Corporate Insolvency Resolution Process (CIRP)-Filing of Resolution plan with Tribunal](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f7cb91ad-f0b0-4c6b-b2f0-256f8f929b5c.pdf) |
| 2026-04-26 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachLive/078bf31b-61a2-4e32-b477-22d7c6ab764d.pdf) |
| 2026-04-25 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/078bf31b-61a2-4e32-b477-22d7c6ab764d.pdf) |
| 2026-04-24 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af648af2-7ca5-4bd8-863d-a759cdc33037.pdf) |
| 2026-04-24 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b4e152d-46f3-4f43-804f-f4e79b3ca98f.pdf) |
| 2026-04-24 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachLive/af648af2-7ca5-4bd8-863d-a759cdc33037.pdf) |
| 2026-04-24 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b4e152d-46f3-4f43-804f-f4e79b3ca98f.pdf) |
| 2026-04-22 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d606f895-b575-48dd-a5b0-00df27dabac2.pdf) |
| 2026-04-22 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d606f895-b575-48dd-a5b0-00df27dabac2.pdf) |
| 2026-04-11 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bffda9e6-3fc0-4d6c-a4ad-3d3443bbd081.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22398b12-5a50-45e3-96c0-ddc89a0bf232.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/532336/76744532336.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/532336/72092532336.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/532336/66956532336.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/532336/5323360319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/532336/5323360318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/532336/5323360317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532336/5323360316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532336/5323360315.pdf) |
| Jun 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532336/5323360614.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef33749c-6258-43ec-8b3e-c83c8e5421d7.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcbeac66-b6b7-4efd-8bd7-b269c66bbd52.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e20f6bb-aa75-4b9b-855d-9ed07a616e3b.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-24 | Credit rating update — India Ratings |
| 2024-07-25 | Credit rating update — India Ratings |
| 2023-04-26 | Credit rating update — India Ratings |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-06 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a294ea0-9170-4644-a3ff-c00154009e8c.pdf) |
| 2026-10-06 | [Withdrawal Of Record Date Pursuant To Status Quo Order Passed By The Honble National Company Lawappellate Tribunal ("NCLAT") Chennai Bench](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e3df332-6f73-43be-9432-603562dcbf70.pdf) |
| 2026-10-05 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c9ed40d-0df9-401d-bcb2-f76c187e478a.pdf) |
| 2026-10-02 | [Disclosure Under Regulation 30 Of SEBI LODR 2015 Of Honble NCLAT Chennai Bench Status Quo Orders](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a84ae62f-d764-4c0c-bbd4-6d3546901fb7.pdf) |
| 2026-09-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99f205de-ca49-46fd-a8a5-1f14db21374d.pdf) |
| 2026-09-23 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b09322a-02c2-46bc-bdf5-b6093cf249b9.pdf) |
| 2026-09-23 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc7e7782-784a-4ff0-9346-a05d07fc3f13.pdf) |
| 2026-09-22 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=915dc036-50db-47a0-9c73-b0ca3958b808.pdf) |
| 2026-09-22 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7ed45d3-b933-4a73-b84e-61e755ea78f0.pdf) |
| 2026-09-21 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db44c6ad-a917-4ee9-8e16-7b233f1411e5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2024-02-12 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b06c4abd-dbc4-4a1c-ad9c-7ebcfc6d1883.pdf) |
| 2023-11-11 | [Results-Unaudited Financial Result For The Half Year Ended 30/09/2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42eecd31-096e-497a-9aa0-9cec93d66b66.pdf) |
| 2023-08-16 | [Revised Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9592875f-a375-4a05-aaaa-933f4168566d.pdf) |
| 2023-06-10 | [Revised Financials For The Fourth Quarter Ended 31 March 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89d1695c-6209-4b3a-855a-24cfb6a6eebc.pdf) |
| 2023-02-13 | [Board Meeting Outcome for Unaudited Financial Results For The Third Quarter Ended 31St December 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1e90fa8-de55-4f3a-a121-a512ce33c84f.pdf) |
| 2022-11-14 | [Outcome Of Board Meeting - Financial Results For The Quarter Ended 30Th September, 2022.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8fb1507-b9c7-4e8c-a871-ae7dfde3f3b6.pdf) |
| 2022-08-12 | [Board Meeting Outcome for Under Regulation 30 & 33 Of Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c15ee2a-a9f2-4fae-8bd5-3a2d5b73a0ad.pdf) |
| 2022-05-30 | [Board Meeting Outcome for Outcome Of Board Meeting - Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=115903f6-82d5-4b2b-a672-855f314d65ba.pdf) |
| 2022-02-14 | [Outcome Of Board Meeting - Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e03fd4d4-8f9d-44f8-929a-36a10d22cafd.pdf) |
| 2021-11-13 | [Board Meeting Outcome for Outcome Of Board Meeting - Financial Results\<BR\> Ref.; Regulation 30 Of Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015\<BR\>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98f935fe-7cdf-4dcf-99d2-e886d797ffe3.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:40.511Z.