---
title: "Enser Communications Ltd (ENSER) — Share Price, Financials & Analysis"
symbol: "ENSER"
company: "Enser Communications Ltd"
canonical: "https://tapetide.com/stocks/ENSER"
isin: "INE0R9I01021"
nse_symbol: "ENSER"
sector: "Information Technology"
industry: "IT Enabled Services"
market_cap_cr: 132.92
generated_at: "2026-09-13T20:37:26.369Z"
---

# Enser Communications Ltd (ENSER)

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

## Company

- **NSE Symbol:** ENSER
- **ISIN:** INE0R9I01021
- **Sector:** Information Technology
- **Industry:** IT Enabled Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2024-03-22
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** enser.co.in

## About

Incorporated in 2008, Enser Communications Limited offers Business Process Management (BPM) services to companies in the insurance, e-commerce, education, and travel sectors.[1]

## Latest Price

- **Price:** ₹15.15
- **Change:** +0.35 (+2.36%)
- **Open:** ₹15.5
- **Day High:** ₹15.5
- **Day Low:** ₹15.15
- **Previous Close:** ₹14.8
- **Volume:** 40000
- **As Of:** 2026-09-11T09:15:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:46:04.760528Z.

- **Market Cap:** ₹132.92 Cr
- **Classification:** SME
- **P/E (reported):** 12.9
- **Book Value:** ₹5.06
- **Price to Book:** 2.92
- **Dividend Yield:** 0%
- **ROE:** 23.36%
- **ROCE:** 32.36%
- **Debt to Equity:** 0.87
- **Revenue (yearly):** ₹101.16 Cr
- **Net Income:** ₹10.98 Cr
- **EBITDA:** ₹18.86 Cr
- **52-Week High:** ₹23.25
- **52-Week Low:** ₹7.8
- **RSI (14):** 42.89

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 20.4 | 9% |
| growth | 57.79 | 9% |
| momentum | 85.32 | 12% |
| ownership | 52.67 | 24% |
| quality | 81.69 | 22% |
| valuation | 41.36 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 138% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 177 days.
- Working capital days have increased from 44.8 days to 75.9 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 98.88% | -102.72% | -102.4% |
| ebitda margin growth | 5.13% | — | — |
| net income growth | 24.77% | 88% | 138% |
| revenue growth | 18.45% | 50% | 56% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.62 | 18.09 | 27.99 | 39.02 | 31.3 | 35.66 | 50.03 |
| Expenses | 12.92 | 14.67 | 22.71 | 31.92 | 25.23 | 26.51 | 41.87 |
| Operating Profit | 1.7 | 3.42 | 5.28 | 7.1 | 6.07 | 9.15 | 8.16 |
| OPM % | 11.63 | 18.91 | 18.86 | 18.2 | 19.39 | 25.66 | 16.31 |
| Other Income | 0.3 | 0.07 | 0.15 | 0.38 | 0.09 | 0.08 | 0.37 |
| Interest | 0.35 | 0.5 | 0.54 | 0.4 | 0.75 | 1.45 | 2.12 |
| Depreciation | 0.41 | 0.17 | 0.6 | 0.39 | 0.9 | 1.8 | 0.54 |
| Profit before tax | 1.24 | 2.82 | 4.29 | 6.69 | 4.51 | 5.98 | 5.87 |
| Tax % | 25 | 24.47 | 27.04 | 27.5 | 26.16 | 32.78 | 18.4 |
| Net Profit | 0.93 | 2.14 | 3.13 | 4.85 | 3.33 | 4.02 | 4.8 |
| EPS in Rs | — | 107 | 0.36 | 0.56 | 0.38 | 0.46 | 0.55 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.24 | 16.6 | 25.41 | 46.08 | 70.32 | 85.68 |
| Expenses | 8.94 | 14.72 | 22.79 | 37.38 | 57.15 | 68.37 |
| Operating Profit | 0.3 | 1.88 | 2.62 | 8.7 | 13.17 | 17.31 |
| OPM % | 3.25 | 11.33 | 10.31 | 18.88 | 18.73 | 20.2 |
| Other Income | 0.37 | 0.26 | 0.5 | 0.22 | 0.47 | 0.45 |
| Interest | 0.64 | 0.48 | 0.6 | 1.04 | 1.15 | 3.57 |
| Depreciation | 0.31 | 0.31 | 0.71 | 0.77 | 1.28 | 2.35 |
| Profit before tax | -0.28 | 1.35 | 1.81 | 7.11 | 11.21 | 11.84 |
| Tax % | -60.71 | 42.22 | 24.86 | 25.88 | 26.94 | 25.59 |
| Net Profit | -0.12 | 0.78 | 1.35 | 5.27 | 8.18 | 8.81 |
| EPS in Rs | — | — | — | 0.6 | 0.94 | 1.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 8.72 | 17.43 | 17.43 |
| Reserves | 1.56 | 2.34 | 4.49 | 17.15 | 16.61 | 25.43 |
| Borrowings | 2.76 | 3.09 | 6.32 | 6.76 | 14.64 | 37.45 |
| Other Liabilities | 2.29 | 3.26 | 3.44 | 5.01 | 17.33 | 23.92 |
| Total Liabilities | 6.62 | 8.7 | 14.26 | 37.64 | 66.01 | 104.23 |
| Fixed Assets | 0.94 | 1.46 | 2.51 | 2.43 | 13.02 | 20.98 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 7.91 | 8.24 |
| Other Assets | 5.67 | 7.23 | 11.74 | 35.2 | 45.08 | 75.01 |
| Total Assets | 6.62 | 8.7 | 14.26 | 37.64 | 66.01 | 104.23 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.88 | 1.62 | -2.58 | 1.4 | -0.72 | -4.8 |
| Cash from Investing Activity | -1.38 | -0.38 | -0.67 | -12.39 | -9.11 | -16.84 |
| Cash from Financing Activity | -1.54 | -0.15 | 2.66 | 15.55 | 6.73 | 19.87 |
| Net Cash Flow | -2.04 | 1.09 | -0.59 | 4.56 | -3.09 | -1.77 |
| Free Cash Flow | 0.81 | 0.79 | -3.52 | 0.72 | -12.6 | -15.1 |
| CFO/OP | 333 | 111 | -76 | 31 | 14 | -12 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 10.67 | 8.36 | 70.1 | 93.63 | 123.85 | 176.96 |
| Inventory Days | — | — | — | — | — | 8.3 |
| Days Payable | — | — | — | — | — | 648.54 |
| Cash Conversion Cycle | 10.67 | 8.36 | 70.1 | 93.63 | 123.85 | -463.27 |
| Working Capital Days | -145.37 | -95.87 | -8.33 | 30.42 | 27.98 | 75.91 |
| ROCE % | — | 37.26 | 29.64 | 37.51 | 30.57 | 24.08 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 90.13% | 66.24% | 66.24% | 66.24% | 66.24% | 66.24% | 66.25% | 66.32% | 66.38% | 66.43% | 66.6% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 9.87% | 24.68% | 22.75% | 22.82% | 23.82% | 23.56% | 22.8% | 21.38% | 21.3% | 20.88% | 20.72% |
| Others | 0% | 9.07% | 11% | 10.93% | 9.94% | 10.19% | 10.95% | 12.3% | 12.32% | 12.7% | 12.67% |
| No. of Shareholders | 23 | 23 | 451 | 471 | 732 | 788 | 827 | 798 | 767 | 744 | 732 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 7 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 15.04 | Buy |
| EMA (10) | 15.06 | Buy |
| SMA (20) | 15.04 | Buy |
| EMA (20) | 14.97 | Buy |
| SMA (50) | 14.47 | Buy |
| EMA (50) | 14.8 | Buy |
| SMA (100) | 15.07 | Buy |
| EMA (100) | 14.82 | Buy |
| SMA (200) | 14.95 | Buy |
| EMA (200) | 15.64 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.76 | Neutral |
| MACD (12,26,9) | 0.13 | Sell |
| Stochastic (14,3,3) | 45.13 | Neutral |
| ADX (14) | 15.38 | Neutral |
| Williams %R (14) | -37.84 | Neutral |
| ATR (14) | 0.94 | High Volatility |
| ROC (12) | -1.62 | Sell |
| Stoch RSI (14) | 45.23 | Neutral |
| UO (7,14,28) | 59.15 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Enser Communications schedules non-deal roadshow on 17 September 2026 in Mumbai. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 Sep - Enser Communications schedules non-deal roadshow on 17 September 2026 in Mumbai.](https://nsearchives.nseindia.com/corporate/ENSER06_09092026162647_INVESTORMEET.pdf) |
| 9 Sep - AGM notice republished in Marathi on 09 September 2026 after English-language error. | [Copy of Newspaper Publication 9 Sep - AGM notice republished in Marathi on 09 September 2026 after English-language error.](https://nsearchives.nseindia.com/corporate/ENSER06_09092026121046_NPINTIMATION.pdf) |
| 9 May 2026 - Enser Communications Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 9 May 2026 - Enser Communications Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/ENSER_ROID_85055_KMP_Doc.zip) |
| 9 May 2026 - Board approved resignation of Company Secretary Muskan Sharma and appointment of Alisha Saraswat from May 11, 2026. | [Outcome of Board Meeting 9 May 2026 - Board approved resignation of Company Secretary Muskan Sharma and appointment of Alisha Saraswat from May 11, 2026.](https://nsearchives.nseindia.com/corporate/ENSER06_09052026114142_BMOUTCOME.pdf) |
| 9 Jul - Promoter Rajnish Sarna bought 1,55,000 shares from 3-29 June 2026, raising holding to 41.73%. | [Updates 9 Jul - Promoter Rajnish Sarna bought 1,55,000 shares from 3-29 June 2026, raising holding to 41.73%.](https://nsearchives.nseindia.com/corporate/ENSER06_09072026180832_Reg_7_2__Signed.pdf) |
| 8 Sep - Newspaper notice published for 18th AGM on September 29, 2026, with book closure details. | [Copy of Newspaper Publication 8 Sep - Newspaper notice published for 18th AGM on September 29, 2026, with book closure details.](https://nsearchives.nseindia.com/corporate/ENSER06_08092026112608_NPINTIMATION.pdf) |
| 8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=ENSER&tabIndex=sme) |
| 8 April 2026 - Enser Communications replies to NSE price-movement clarification, citing no undisclosed material information. | [Updates 8 April 2026 - Enser Communications replies to NSE price-movement clarification, citing no undisclosed material information.](https://nsearchives.nseindia.com/corporate/ENSER06_08042026223822_clarificationonpricemovementsigned.pdf) |
| 7 Sep - FY26 annual report filed; AGM on 29 Sep 2026; revenue crossed ₹100 crore. | [General Updates 7 Sep - FY26 annual report filed; AGM on 29 Sep 2026; revenue crossed ₹100 crore.](https://nsearchives.nseindia.com/corporate/ENSER06_07092026181355_SEINTIMATIONOFAR.pdf) |
| 7 Sep - Enser announces 18th AGM on 29 Sept 2026, adopts FY26 accounts and seeks director remuneration approvals. | [Shareholders meeting 7 Sep - Enser announces 18th AGM on 29 Sept 2026, adopts FY26 accounts and seeks director remuneration approvals.](https://nsearchives.nseindia.com/corporate/ENSER06_07092026180117_SEINTIMATIONOFNOTICE.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31734_ENSER_2025_2026_A_14850702_07092026180812.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28193_ENSER_2024_2025_A_46473322_02092025185732.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25633_ENSER_2023_2024_03092024221116.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/ENSER06_24112025145438_Investorpptsigned.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/ENSER_27052024183130_investorpptfinal.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/ENSER06_23062025063427_Investor_ppt_finalsigned.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/ENSER06_27122024141851_Enser_Presentation_signed.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 2026-09-13T20:37:26.369Z.