---
title: "Matrix Geo Solutions Ltd (MGSL) — Share Price, Financials & Analysis"
symbol: "MGSL"
company: "Matrix Geo Solutions Ltd"
canonical: "https://tapetide.com/stocks/MGSL"
isin: "INE132901013"
nse_symbol: "MGSL"
sector: "Information Technology"
industry: "IT Enabled Services"
market_cap_cr: 99.08
generated_at: "2026-09-13T20:36:43.692Z"
---

# Matrix Geo Solutions Ltd (MGSL)

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

## Company

- **NSE Symbol:** MGSL
- **ISIN:** INE132901013
- **Sector:** Information Technology
- **Industry:** IT Enabled Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** matrix-geo.com

## About

Incorporated in 2008, Matrix Geo Solutions Ltd provides Geospatial Technology and Engineering Consultancy Services.[1]

## Latest Price

- **Price:** ₹74
- **Change:** +8.45 (+12.89%)
- **Open:** ₹64.15
- **Day High:** ₹74
- **Day Low:** ₹62.85
- **Previous Close:** ₹65.55
- **Volume:** 42000
- **As Of:** 2026-09-11T09:46:13+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:47.640681Z.

- **Market Cap:** ₹99.08 Cr
- **Classification:** SME
- **P/E (reported):** 9.5
- **Book Value:** ₹44.92
- **Price to Book:** 1.46
- **Dividend Yield:** 0%
- **ROE:** 15.36%
- **ROCE:** 20.19%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹41.5 Cr
- **Net Income:** ₹10.1 Cr
- **EBITDA:** ₹14.6 Cr
- **52-Week High:** ₹120
- **52-Week Low:** ₹57.2
- **RSI (14):** 37.66

## Tapetide Score

- **Score:** 56 / 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:** 74.1 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 77.16 | 9% |
| growth | 91.74 | 9% |
| momentum | 60.17 | 12% |
| ownership | 38.06 | 24% |
| quality | 61.73 | 22% |
| valuation | 49.75 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 343 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -628.64% | -613.17% | — |
| ebitda margin growth | -5.49% | -2.19% | 89.06% |
| net income growth | 74.14% | 110% | 741.67% |
| revenue growth | 86.94% | 66% | 33.19% |
| roce | -39.48% | -42.43% | 25.38% |
| roe | -42.47% | 23.84% | -12.03% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 9 | 13 | 14 | 26 |
| Expenses | 5 | 9 | 8 | 19 |
| Operating Profit | 4 | 4 | 6 | 7 |
| OPM % | 47 | 30 | 41 | 29 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 4 | 4 | 5 | 8 |
| Tax % | 25 | 25 | 25 | 25 |
| Net Profit | 3 | 3 | 4 | 6 |
| EPS in Rs | 3.01 | 2.61 | 2.75 | 4.15 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 10 | 9 | 14 | 22 | 40 |
| Expenses | 8 | 7 | 9 | 14 | 27 |
| Operating Profit | 2 | 2 | 5 | 8 | 13 |
| OPM % | 18 | 21 | 37 | 38 | 34 |
| Other Income | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 1 | 4 | 8 | 13 |
| Tax % | 24 | 23 | 25 | 25 | 25 |
| Net Profit | 1 | 1 | 3 | 6 | 10 |
| EPS in Rs | 1210 | 1090 | 3350 | 5.42 | 6.9 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 11 | 15 |
| Reserves | 7 | 8 | 11 | 11 | 51 |
| Borrowings | 0 | 2 | 2 | 2 | 2 |
| Other Liabilities | 7 | 5 | 4 | 6 | 10 |
| Total Liabilities | 14 | 15 | 17 | 30 | 77 |
| Fixed Assets | 1 | 3 | 3 | 4 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 20 |
| Other Assets | 13 | 12 | 14 | 26 | 53 |
| Total Assets | 14 | 15 | 17 | 30 | 77 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 0 | 2 | 2 | -11 |
| Cash from Investing Activity | 0 | -2 | -1 | -2 | -22 |
| Cash from Financing Activity | -1 | 1 | 0 | 5 | 34 |
| Net Cash Flow | 0 | 0 | 0 | 5 | 1 |
| Free Cash Flow | 2 | -2 | 2 | 0 | -13 |
| CFO/OP | 56 | 23 | 55 | 38 | -52 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 359 | 287 | 216 | 198 | 343 |
| Inventory Days | 0 | 0 | 3 | 0 | 0 |
| Days Payable | — | — | 147 | — | — |
| Cash Conversion Cycle | 359 | 287 | 72 | 198 | 343 |
| Working Capital Days | 136 | 166 | 179 | 185 | 303 |
| ROCE % | — | 19 | 42 | 44 | 31 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 91.52% | 67.26% | 67.26% | 67.26% | 67.26% |
| FIIs | 0% | 3.6% | 1.75% | 0.44% | 0.44% |
| DIIs | 0% | 9.45% | 8.5% | 8.36% | 7.5% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 14.02% | 15.51% | 16.84% | 16.79% |
| Others | 8.48% | 5.67% | 6.98% | 7.1% | 8.01% |
| No. of Shareholders | 38 | 39 | 445 | 444 | 538 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 73.55 | Buy |
| EMA (10) | 73.67 | Buy |
| SMA (20) | 79.78 | Sell |
| EMA (20) | 75.51 | Sell |
| SMA (50) | 72.56 | Buy |
| EMA (50) | 74.41 | Sell |
| SMA (100) | 72.37 | Buy |
| EMA (100) | 74.95 | Sell |
| SMA (200) | 79.58 | Sell |
| EMA (200) | 81.8 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.36 | Neutral |
| MACD (12,26,9) | -1.22 | Sell |
| Stochastic (14,3,3) | 14.25 | Buy |
| ADX (14) | 21.5 | Neutral |
| Williams %R (14) | -62.96 | Neutral |
| ATR (14) | 7.01 | High Volatility |
| ROC (12) | -13.04 | Sell |
| Stoch RSI (14) | 52.04 | Neutral |
| UO (7,14,28) | 42.78 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_09042026160405_Certificate.pdf) |
| 9 April 2026 - Corporate governance provisions deemed inapplicable for quarter ended March 31, 2026 due to SME listing. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 9 April 2026 - Corporate governance provisions deemed inapplicable for quarter ended March 31, 2026 due to SME listing.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_09042026160924_Cerificate.pdf) |
| 7 January 2026 - Corporate governance provisions not applicable for quarter ended Dec 31, 2025 due to SME listing (Reg 15(2)(b)). | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 January 2026 - Corporate governance provisions not applicable for quarter ended Dec 31, 2025 due to SME listing (Reg 15(2)(b)).](https://nsearchives.nseindia.com/corporate/MATRIXGEO_07012026170013_Cerificate.pdf) |
| 6 July 2026 - Submitted transcript of H2/FY26 earnings call held July 1, 2026; discussed FY26 revenue ₹40.1 crore and FY27 guidance ₹65 crore. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 July 2026 - Submitted transcript of H2/FY26 earnings call held July 1, 2026; discussed FY26 revenue ₹40.1 crore and FY27 guidance ₹65 crore.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_06072026173708_MGSL_Earnings_call_Transcript.pdf) |
| 6 July 2026 - Mr. Shivam Kumar resigned as CFO, effective 30 June 2026, for personal reasons. | [General Updates 6 July 2026 - Mr. Shivam Kumar resigned as CFO, effective 30 June 2026, for personal reasons.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_06072026164021_Resignation-CFO.pdf) |
| 6 April 2026 - Submitted promoter declaration under Regulation 31(4) for FY ended March 31, 2026. | [Updates 6 April 2026 - Submitted promoter declaration under Regulation 31(4) for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_06042026171731_Declaration_Regulation_31_4_.pdf) |
| 5 Aug - Matrix Geo won LoA from Northeast Frontier Railway for drone-based OHE inspection under Lumding Division on 05 Aug 2026. | [Updates 5 Aug - Matrix Geo won LoA from Northeast Frontier Railway for drone-based OHE inspection under Lumding Division on 05 Aug 2026.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_05082026105717_NSE_NEAPS_Disclosure_Letter.pdf) |
| 4 July 2026 - Mr. Shivam Kumar resigned as CFO effective 30 June 2026. | [Resignation 4 July 2026 - Mr. Shivam Kumar resigned as CFO effective 30 June 2026.](https://nsearchives.nseindia.com/corporate/MATRIXGEO_04072026181743_Outcome_of_Board_Meeting.pdf) |
| 4 July 2026 - Matrix Geo Solutions Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 4 July 2026 - Matrix Geo Solutions Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/MGSL_ROID_91142_KMP_Doc.zip) |
| 4 February 2026 - Matrix Geo highlights alignment with Budget 2026–27; geospatial opportunities (LiDAR, UAV, GIS). | [General Updates 4 February 2026 - Matrix Geo highlights alignment with Budget 2026–27; geospatial opportunities (LiDAR, UAV, GIS).](https://nsearchives.nseindia.com/corporate/MATRIXGEO_04022026154518_Budget_General_Updates.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30392_MGSL_2025_2026_A_52239907_17082026200625.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29177_MGSL_2024_2025_A_1758946_05112025153107.pdf) |

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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 2026-09-13T20:36:43.692Z.