---
title: "Indus Networks Ltd (532381) — Share Price, Financials & Analysis"
symbol: "532381"
company: "Indus Networks Ltd"
canonical: "https://tapetide.com/stocks/532381"
isin: "INE006B01017"
bse_code: "532381"
generated_at: "2026-10-13T11:02:27.325Z"
---

# Indus Networks Ltd (532381)

Canonical page: https://tapetide.com/stocks/532381

## Company

- **BSE Code:** 532381
- **ISIN:** INE006B01017
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indusnetworks.com

## About

Indus Networks Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in providing software and information technology enabled services in India

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.07 times its book value

### Weaknesses

- Company has a low return on equity of 1.81% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 282 days.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 230% | 90% |
| revenue growth | 125% | 76% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 21.61 | 10.83 | 0.01 | 21.49 | 25.57 | 19.9 | 22.96 | 20.74 | 19.24 | -13.04 | -12.81 | 90.42 |
| Expenses | 1.5 | 0.82 | 2.41 | 1.9 | 1.27 | -1.42 | 10.25 | 0.97 | 1.42 | 0.75 | 7.88 | 100.96 |
| Operating Profit | 20.11 | 10.01 | -2.4 | 19.59 | 24.3 | 21.32 | 12.71 | 19.77 | 17.82 | -13.79 | -20.69 | -10.54 |
| OPM % | 93.06 | 92.43 | -24000 | 91.16 | 95.03 | 107.14 | 55.36 | 95.32 | 92.62 | — | — | -11.66 |
| Other Income | 0 | 0.06 | 0.02 | 0.03 | 0 | 0.01 | 0.17 | 0.01 | 0.24 | 0 | 2.2 | 21.23 |
| Interest | 0.85 | 1.1 | 1.09 | 1.55 | 0.85 | 1.4 | 0.96 | 1.22 | 0.58 | 0.72 | 0.56 | 0.05 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 2.14 |
| Profit before tax | 19.25 | 8.96 | -3.49 | 18.06 | 23.43 | 19.92 | 11.91 | 18.55 | 17.47 | -14.53 | -19.06 | 8.5 |
| Tax % | 4.05 | 25.89 | -16.05 | 19.55 | 16.77 | 22.64 | 16.04 | 27.12 | 0.34 | -25.4 | -4.2 | 30.47 |
| Net Profit | 18.47 | 6.64 | -2.94 | 14.53 | 19.5 | 15.41 | 10 | 13.51 | 17.41 | -10.84 | -18.27 | 5.91 |
| EPS in Rs | 2.4 | 0.86 | -0.38 | 1.89 | 2.54 | 2.01 | 1.3 | 1.76 | 2.27 | -1.41 | -2.38 | 0.77 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Sales | 21.8 | 16.69 | 38.83 | 40.32 | 90.9 |
| Expenses | 18.24 | 13.17 | 34.51 | 37.91 | 86.53 |
| Operating Profit | 3.56 | 3.52 | 4.32 | 2.41 | 4.37 |
| OPM % | 16.33 | 21.09 | 11.13 | 5.98 | 4.81 |
| Other Income | 0.01 | 0.01 | 0.01 | 0 | -1.85 |
| Interest | 0.06 | 0.07 | 0.09 | 0.23 | 0.12 |
| Depreciation | 2.64 | 2.94 | 3.22 | 4.22 | 2.18 |
| Profit before tax | 0.87 | 0.52 | 1.02 | -2.04 | 0.22 |
| Tax % | 25.29 | 50 | 36.27 | -33.33 | 90.91 |
| Net Profit | 0.65 | 0.26 | 0.65 | -1.36 | 0.02 |
| EPS in Rs | 1 | 0.4 | 1 | -2.09 | 0.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| Reserves | 9.55 | 17.73 | 13.09 | 11.73 | 11 |
| Borrowings | 0.47 | 0.49 | 64.73 | 32.98 | 54.64 |
| Other Liabilities | 12.59 | 8.35 | 41.27 | 63.53 | 107.23 |
| Total Liabilities | 29.11 | 33.07 | 125.59 | 114.74 | 179.37 |
| Fixed Assets | 8.82 | 9.56 | 10.69 | 6.59 | 8.74 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0.01 | 0.01 | 0.01 | 11.45 |
| Other Assets | 20.29 | 23.5 | 114.89 | 108.14 | 159.18 |
| Total Assets | 29.11 | 33.07 | 125.59 | 114.74 | 179.37 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4.99 | 5.37 | 9.8 | 0.42 | 16.52 |
| Cash from Investing Activity | -3.86 | -3.69 | -4.35 | -0.12 | -15.76 |
| Cash from Financing Activity | 9.05 | -1.85 | -5.4 | -0.09 | -1.04 |
| Net Cash Flow | 0.2 | -0.17 | 0.05 | 0.21 | -0.28 |
| Free Cash Flow | -8.85 | 1.46 | 5.45 | 0.3 | 12.2 |
| CFO/OP | -140 | 153 | 227 | 17 | 378 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 244.28 | 477.85 | 346.39 | 249.94 | 282.32 |
| Inventory Days | — | 115.83 | — | — | 25.68 |
| Days Payable | — | 522.68 | — | — | 7316.34 |
| Cash Conversion Cycle | 244.28 | 70.99 | 346.39 | 249.94 | -7008.34 |
| Working Capital Days | 156.72 | 377.25 | 714.3 | 416.33 | 215.95 |
| ROCE % | — | 2.86 | 2.04 | -2.67 | 3.71 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.44% | 64.26% | 63.52% | 63.52% | 63.62% | 63.62% | 63.62% | 45.32% | 9.95% | 50.08% |
| FIIs | 0% | 1.7% | 0.16% | 2.98% | 2.08% | 3.56% | 3.56% | 3.3% | 4.42% | 4.98% |
| DIIs | 1.95% | 0.03% | 0.02% | 0% | 0% | 0.01% | 0% | 0.2% | 0% | 4.03% |
| Public | 33.61% | 34.01% | 36.3% | 33.5% | 34.3% | 32.81% | 32.81% | 51.18% | 85.63% | 40.91% |
| No. of Shareholders | 5995 | 5722 | 4992 | 4295 | 4185 | 5496 | 5418 | 5935 | 5875 | 5673 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.62% | 63.62% | 63.62% | 63.62% | 45.32% | 45.32% | 45.32% | 45.32% | 9.95% | 61.21% | 61.21% | 50.08% |
| FIIs | 3.56% | 3.56% | 3.56% | 0% | 3.3% | 5.62% | 7.2% | 7.2% | 4.42% | 2.56% | 2.61% | 4.98% |
| DIIs | 0% | 0% | 0% | 0% | 0.2% | 0% | 0% | 0% | 0% | 0% | 0.09% | 4.03% |
| Public | 32.81% | 32.81% | 32.82% | 36.38% | 51.18% | 49.06% | 47.47% | 47.48% | 85.63% | 36.24% | 36.1% | 40.91% |
| No. of Shareholders | 5418 | 5406 | 5317 | 5219 | 5935 | 7419 | 6992 | 7012 | 5875 | 5637 | 5555 | 5673 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/xml-data/corpfiling/AttachLive/99b76aee-5285-454d-9caa-481f16347515.pdf) |
| 2026-02-21 | [Intimation Of Record Date For Issue Of Bonus Shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25da900e-0a91-4512-9471-36f1b8204dfe.pdf) |
| 2026-02-20 | [Intimation Of In-Principle Approval Received For Issue And Allotment Of 6,14,46,600 Equity Shares Pursuant To Bonus Issue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac4afbf9-22fc-4451-b947-e1685f78a390.pdf) |
| 2026-02-19 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e47aad4-c3f5-479d-82a6-4949865fffab.pdf) |
| 2026-02-19 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9b01e0c-c9b4-4daa-9ea4-7d13ac28c082.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9804e93c-2722-4e86-9991-0a9aa8d32af5.pdf) |
| 2026-02-13 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d1cd3234-678c-4079-b97c-d3498b1df452.pdf) |
| 2026-02-12 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f95c5667-a50f-49ea-8d3b-16e832c72fef.pdf) |
| 2026-02-12 | [Unaudited Standalone & Consolidate Financial Result For The Quarter Ended 31St December,2025.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b906cfdc-6b49-4718-a7e4-ed0e8c23a60a.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dcdc4c68-6bc6-4d48-a2a4-96e7f5ab7a67.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/907cc024-f73d-4285-b80b-0ea364afca81.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a23dd0c0-dd5e-47d8-8dc7-3710a08c8280.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3a96d013-5ed3-406c-9da6-9930403bfc34.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/507912/73022507912_17_06_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/507912/69012507912.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/507912/5079120320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/507912/5079120319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/507912/5079120318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/507912/5079120317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/507912/5079120316.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2023-01-27 | Credit rating update — Brickwork Ratings |
| 2022-11-04 | Credit rating update — Brickwork Ratings |
| 2021-10-29 | Credit rating update — Brickwork Ratings |
| 2020-10-30 | Credit rating update — Brickwork Ratings |
| 2019-11-19 | Credit rating update — Brickwork Ratings |

---

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 2026-10-13T11:02:27.325Z.