---
title: "Fourth Generation Information Systems Ltd (532403) — Share Price, Financials & Analysis"
symbol: "532403"
company: "Fourth Generation Information Systems Ltd"
canonical: "https://tapetide.com/stocks/532403"
isin: "INE739B01039"
bse_code: "532403"
sector: "Information Technology"
industry: "Software Products"
market_cap_cr: 2.3
generated_at: "2026-10-13T10:59:59.777Z"
---

# Fourth Generation Information Systems Ltd (532403)

Canonical page: https://tapetide.com/stocks/532403

## Company

- **BSE Code:** 532403
- **ISIN:** INE739B01039
- **Sector:** Information Technology
- **Industry:** Software Products
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2011-12-29
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** fgisindia.com

## About

Incorporated in 1998, Fourth Generation Information Systems Ltd is an IT and ITES provider[1]

## Latest Price

- **Price:** ₹6.41
- **Change:** 0 (0%)
- **Open:** ₹6.41
- **Day High:** ₹6.41
- **Day Low:** ₹6.41
- **Previous Close:** ₹6.41
- **Volume:** 110
- **As Of:** 2026-10-12T09:05:12+00:00

## Key Fundamentals

Price-based figures as of 2026-10-12T14:35:12+05:30.

Observed at 2026-10-12T04:33:30.341980Z.

- **Market Cap:** ₹2.3 Cr
- **Classification:** Microcap
- **EPS (TTM):** -₹2.29
- **Book Value:** -₹6.13
- **Dividend Yield:** 0%
- **ROE:** 36.24%
- **ROCE:** -13.32%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0 Cr
- **Net Income:** -₹0.8 Cr
- **EBITDA:** -₹0.2 Cr
- **52-Week High:** ₹10.1
- **52-Week Low:** ₹4.81

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 34.2%
- Promoters have pledged 74.2% of their holding.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -118.75% | 96.9% | -28.57% |
| ebitda margin growth | -0.1% | — | — | — |
| net income growth | -50% | 0% | 700% | 700% |
| revenue growth | 0% | -100% | -100% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0.03 | 0.02 | 0.03 | 0.06 | 0.02 | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.05 | 0.04 | 0.05 | 0.09 | 0.01 | 0.09 | 0.09 | 0.08 | 0.03 | 0.02 | 0.03 | 0.11 |
| Operating Profit | -0.05 | -0.01 | -0.03 | -0.06 | 0.05 | -0.07 | -0.07 | -0.08 | -0.03 | -0.02 | -0.03 | -0.11 |
| OPM % | — | -33.33 | -150 | -200 | 83.33 | -350 | -350 | — | — | — | — | — |
| Other Income | 0 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -0.06 | 0.01 | -0.04 | -0.07 | 0.04 | -0.08 | -0.08 | -0.23 | -0.18 | -0.17 | -0.18 | -0.26 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.06 | 0.01 | -0.05 | -0.07 | 0.03 | -0.08 | -0.08 | -0.24 | -0.19 | -0.18 | -0.18 | -0.26 |
| EPS in Rs | -0.17 | 0.03 | -0.14 | -0.2 | 0.08 | -0.23 | -0.23 | -0.68 | -0.54 | -0.51 | -0.51 | -0.73 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.05 | 0.03 | 0.04 | 0 | 0 | 0 | 0.06 | 0.14 | 0 | 0 |
| Expenses | 0.06 | 0.05 | 0.1 | 0.07 | 0.07 | 0.11 | 0.17 | 0.48 | 0.17 | 0.19 |
| Operating Profit | -0.01 | -0.02 | -0.06 | -0.07 | -0.07 | -0.11 | -0.11 | -0.34 | -0.17 | -0.19 |
| OPM % | -20 | -66.67 | -150 | — | — | — | -183.33 | -242.86 | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.02 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.52 | 0.56 | 0.56 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.09 | 0 | 0.05 | 0.06 | 0.06 | 0.06 | 0.04 |
| Profit before tax | -0.02 | -0.03 | -0.07 | -0.16 | -0.07 | -0.16 | -0.14 | -0.9 | -0.79 | -0.79 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.56 | 0 | — |
| Net Profit | -0.02 | -0.03 | -0.07 | -0.16 | -0.07 | -0.16 | -0.14 | -0.85 | -0.79 | -0.81 |
| EPS in Rs | -0.06 | -0.08 | -0.2 | -0.45 | -0.2 | -0.45 | -0.39 | -2.39 | -2.23 | -2.29 |
| 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 |
| Reserves | -3.44 | -3.46 | -3.49 | -3.56 | -3.72 | -3.8 | -3.95 | -4.09 | -4.94 | -5.73 |
| Borrowings | 0.04 | 0.04 | 0.04 | 0.17 | 0.2 | 0.27 | 0.38 | 3.29 | 3.88 | 3.88 |
| Other Liabilities | 0.98 | 0.98 | 1 | 0.92 | 0.96 | 0.97 | 1.36 | 1.38 | 2.1 | 2.68 |
| Total Liabilities | 1.13 | 1.11 | 1.1 | 1.08 | 0.99 | 0.99 | 1.34 | 4.13 | 4.59 | 4.38 |
| Fixed Assets | 0.12 | 0.11 | 0.1 | 0.09 | 0 | 0 | 0.28 | 0.22 | 0.17 | 0.11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.51 | 0.51 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.01 | 1 | 1 | 0.99 | 0.99 | 0.99 | 1.06 | 3.91 | 3.91 | 3.76 |
| Total Assets | 1.13 | 1.11 | 1.1 | 1.08 | 0.99 | 0.99 | 1.34 | 4.13 | 4.59 | 4.38 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.03 | -0.01 | 0.01 | -0.12 | -0.03 | -0.07 | 0.23 | -2.9 | 0.48 | -0.09 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | -0.33 | 0.03 | -0.49 | 0 |
| Cash from Financing Activity | 0.03 | 0 | 0 | 0.13 | 0.03 | 0.07 | 0.11 | 2.91 | 0.07 | 0 |
| Net Cash Flow | 0.01 | -0.01 | 0.01 | 0 | 0 | 0 | 0.01 | 0.05 | 0.05 | -0.09 |
| Free Cash Flow | -0.03 | -0.01 | 0.01 | -0.12 | -0.03 | -0.07 | -0.1 | -2.9 | -0.03 | -0.09 |
| CFO/OP | 100 | 100 | -50 | 200 | 43 | 100 | -209 | 2636 | -141 | 53 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 2482 | 4136.67 | 3102.5 | — | — | — | 2068.33 | 104.29 | — |
| Inventory Days | — | — | — | 0 | — | — | — | — | — | — |
| Cash Conversion Cycle | — | 2482 | 4136.67 | 3102.5 | — | — | — | 2068.33 | 104.29 | — |
| Working Capital Days | — | -219 | -486.67 | -1095 | — | — | — | 15330 | -1772.86 | — |
| ROCE % | -25 | -14.29 | -26.09 | -53.85 | -168.42 | -280 | — | -10.26 | -14.5 | -10.98 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 36.17% | 35.87% | 35.87% | 35.87% | 35.87% | 35.54% | 34.71% | 34.71% | 34.71% | 34.15% | 34.15% | 34.15% |
| 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 | 62% | 62.3% | 62.3% | 62.3% | 62.3% | 62.62% | 63.45% | 63.45% | 63.45% | 64.01% | 64.01% | 64.01% |
| Others | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
| No. of Shareholders | 6907 | 6907 | 6907 | 6907 | 6907 | 6908 | 6909 | 6909 | 6909 | 6909 | 6909 | 6909 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 8 / 2 / 9

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 6.2 | Buy |
| EMA (10) | 6.25 | Buy |
| SMA (20) | 6.08 | Buy |
| EMA (20) | 6.45 | Sell |
| SMA (50) | 7.85 | Sell |
| EMA (50) | 7.16 | Sell |
| SMA (100) | 7.7 | Sell |
| EMA (100) | 7.13 | Sell |
| SMA (200) | 5.95 | Buy |
| EMA (200) | 6.34 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.73 | Neutral |
| MACD (12,26,9) | -0.39 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 35.77 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.21 | High Volatility |
| ROC (12) | 26.68 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 84.7 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-30 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a0e4ddf-c3eb-406c-8f14-3da293f511a5.pdf) |
| 2026-04-30 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0a0e4ddf-c3eb-406c-8f14-3da293f511a5.pdf) |
| 2026-04-20 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/377cf884-7c06-4a85-9bef-f3d56b4935b0.pdf) |
| 2026-04-20 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachLive/377cf884-7c06-4a85-9bef-f3d56b4935b0.pdf) |
| 2026-03-24 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51af0753-710d-4bd0-a467-a4f5ffa7dcfd.pdf) |
| 2026-02-14 | [Board Meeting Outcome for Outcome Of Board Meeting 14-02-2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec873fb5-62c9-4003-826c-d604db4c33ba.pdf) |
| 2026-02-14 | [Outcome Of Board Meeting Held On 14Th February 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ba86514-34c5-4011-9797-82b5f0b61019.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1fc3c788-6391-49d0-9a07-c18694823c8f.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Raising of Funds](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84369df6-7dc7-432c-bbdd-043dfbcaf40d.pdf) |
| 2026-02-09 | [Investor Presentation For The Quarter Ended 31St December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ab99cba-2335-421f-95ed-9aed16902edd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09cbd147-d0ab-44da-8fb8-9f42b41b4511.pdf) |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5408c4f6-594d-400d-aadf-28e17b39561e.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d62a733d-0096-410a-b578-347757c9f788.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7a8ca2e-3583-4f27-aebb-5b7d1f551745.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e88d1c5f-abd6-43d1-bd82-c076edd311df.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00d062a9-0f54-4c90-b3ea-fde1cf882aba.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b5faa876-2c91-4b11-9fa6-a2abacc5d32d.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/512463/73983512463.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/532403/76370532403.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/512463/70525512463.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ab99cba-2335-421f-95ed-9aed16902edd.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/66a44a24-9f87-4f73-b5b6-0a3bbb213a59.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-29 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1bdeda63-6499-4553-910b-b60371c79c92.pdf) |
| 2026-09-29 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d85483b8-5b88-44c8-9b29-e368902610de.pdf) |
| 2026-09-28 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb5f1f03-7f72-47db-bf9e-f2c398746a6e.pdf) |
| 2026-09-28 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f4b8867-be6f-4789-808a-ec74ac780937.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09cbd147-d0ab-44da-8fb8-9f42b41b4511.pdf) |
| 2026-09-05 | [Notice Of AGM Scheduled To Be Held On 28-09-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=948a257f-0dbe-4a9e-8b44-fd7ffe91b25c.pdf) |
| 2026-08-31 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 31-08-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed96ff9d-dc6c-48ff-bc82-555357f5f79e.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=569333c0-7344-4c2e-b0d5-855f87561b48.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fe819bf-f51a-4a1d-8c72-4b04ab8287f2.pdf) |
| 2026-08-31 | [The Register Of Member & Share Transfer Books Of The Company Will Remain Closed From 22Nd September 2026 To 28Thseptember 2026. (Both Days Inclusive) For The Purpose Of Ensuing Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5714f44f-c7b7-4442-ab47-d1f03b670d52.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Unaudited Standalone Financial Results Of The Company For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e51f81d9-8b9d-4a64-bb21-515784ade302.pdf) |
| 2026-05-29 | [Standalone Audited Financial Results Of The Company For The Quarter And Financial Year Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63de5286-55af-4f95-83d9-9ed3c7957a28.pdf) |
| 2026-02-14 | [Outcome Of Board Meeting Held On 14Th February 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ba86514-34c5-4011-9797-82b5f0b61019.pdf) |
| 2025-11-13 | [Outcome Of Board Meeting Held On 13Th November 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71ddae6f-90c5-445b-afcb-682a96068afd.pdf) |
| 2025-08-13 | [Unaudited Standalone Financials Results Along With Limited Review Report For The Quarterly Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f52332d-309a-4c8c-bc4f-c44dd5b9eb26.pdf) |
| 2024-11-14 | [Un-Audited Standalone Financial Results For The Quarter And Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e911d5a4-8359-4b49-9c1b-40ad9c80ac50.pdf) |
| 2024-08-13 | [Outcome Of Board Meeting Held On 13Th August 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf25298b-2d3a-4146-b76e-b3bbf0fa0cd6.pdf) |
| 2024-05-30 | [Results For The Financial Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a51bb5e1-1614-4125-a664-15b2e5b226dd.pdf) |
| 2024-02-14 | [Outcome Of Board Meeting Held On 14Th February 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de9c785e-82ed-41b7-9bc2-e9ee2cd49910.pdf) |
| 2023-11-14 | [Outcome Of Board Meeting Held On 14Th November 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0bfa3c3f-369d-4c84-9ef1-52af14c2399d.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 2026-10-13T10:59:59.777Z.