---
title: "Trust Fintech Ltd (TRUST) — Share Price, Financials & Analysis"
symbol: "TRUST"
company: "Trust Fintech Ltd"
canonical: "https://tapetide.com/stocks/TRUST"
isin: "INE0SWN01019"
nse_symbol: "TRUST"
sector: "Information Technology"
industry: "IT - Software"
market_cap_cr: 64.33
generated_at: "2026-09-13T20:14:33.361Z"
---

# Trust Fintech Ltd (TRUST)

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

## Company

- **NSE Symbol:** TRUST
- **ISIN:** INE0SWN01019
- **Sector:** Information Technology
- **Industry:** IT - Software
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** softtrust.com

## About

Incorporated in 1998, Trust Fintech Ltd is in the business of selling software and allied services[1]

## Latest Price

- **Price:** ₹27.7
- **Change:** +0.7 (+2.59%)
- **Open:** ₹27.65
- **Day High:** ₹28.2
- **Day Low:** ₹26.05
- **Previous Close:** ₹27
- **Volume:** 9600
- **As Of:** 2026-09-11T09:02:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:12.434602Z.

- **Market Cap:** ₹64.33 Cr
- **Classification:** SME
- **P/E (reported):** 8.2
- **Book Value:** ₹45.34
- **Price to Book:** 0.6
- **Dividend Yield:** 1.85%
- **ROE:** 7.31%
- **ROCE:** 10.27%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹42.75 Cr
- **Net Income:** ₹7.61 Cr
- **EBITDA:** ₹9.73 Cr
- **52-Week High:** ₹77
- **52-Week Low:** ₹23.8
- **RSI (14):** 44.62

## Tapetide Score

- **Score:** 65 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 96.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 65.76 | 9% |
| growth | 67.54 | 9% |
| momentum | 43.86 | 12% |
| ownership | 60.37 | 24% |
| quality | 89.8 | 22% |
| valuation | 78.62 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.56 times its book value
- Company has delivered good profit growth of 30.2% CAGR over last 5 years

### Weaknesses

- Company has a low return on equity of 13.0% over last 3 years.
- Earnings include an other income of Rs.4.72 Cr.
- Company has high debtors of 186 days.
- Working capital days have increased from 257 days to 490 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -389.75% | -563.89% | — |
| ebitda margin growth | -44.74% | -59.69% | — |
| net income growth | -4.88% | 27% | 30% |
| revenue growth | 20.08% | 23% | 12% |
| roce | -72.24% | -72.24% | — |
| roe | -73.62% | 17.51% | — |

## 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 | 16.89 | 18.82 | 16.22 | 16.69 | 14.57 | 20.29 | 21.5 |
| Expenses | 14.02 | 8.87 | 8.46 | 11.52 | 9.55 | 15.15 | 16.72 |
| Operating Profit | 2.87 | 9.95 | 7.76 | 5.17 | 5.02 | 5.14 | 4.78 |
| OPM % | 16.99 | 52.87 | 47.84 | 30.98 | 34.45 | 25.33 | 22.23 |
| Other Income | 0.12 | 0.01 | 0.22 | 2.29 | 2.08 | 1.99 | 2.73 |
| Interest | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | -0.02 |
| Depreciation | 0.27 | 0.22 | 1.01 | 0.76 | 1.2 | 1.37 | 1.63 |
| Profit before tax | 2.7 | 9.73 | 6.96 | 6.68 | 5.88 | 5.74 | 5.9 |
| Tax % | 25.19 | 25.18 | 25 | 21.41 | 29.42 | 25.26 | 33.39 |
| Net Profit | 2.02 | 7.28 | 5.22 | 5.26 | 4.15 | 4.3 | 3.93 |
| EPS in Rs | 3.9 | 14.04 | 2.98 | 2.21 | 1.74 | 1.8 | 1.65 |

### 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 | 23.37 | 17.49 | 22.53 | 34.73 | 31.26 | 41.78 |
| Expenses | 20.48 | 15.54 | 16.74 | 17.02 | 21.47 | 31.87 |
| Operating Profit | 2.89 | 1.95 | 5.79 | 17.71 | 9.79 | 9.91 |
| OPM % | 12.37 | 11.15 | 25.7 | 50.99 | 31.32 | 23.72 |
| Other Income | 0.23 | 0.37 | 0.16 | 0.23 | 4.37 | 4.72 |
| Interest | 0.05 | 0.06 | 0.04 | 0.02 | 0.04 | 0 |
| Depreciation | 0.13 | 0.47 | 0.49 | 1.23 | 1.96 | 2.99 |
| Profit before tax | 2.94 | 1.79 | 5.42 | 16.69 | 12.16 | 11.64 |
| Tax % | 25.17 | 25.14 | 25.65 | 25.1 | 25.99 | 29.38 |
| Net Profit | 2.2 | 1.34 | 4.02 | 12.5 | 9 | 8.22 |
| EPS in Rs | 4.24 | 2.58 | 7.75 | 7.13 | 3.78 | 3.45 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 13.24 | 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 | 5.18 | 5.18 | 5.18 | 17.54 | 23.83 | 23.83 |
| Reserves | 8.64 | 9.98 | 22 | 27.57 | 86.64 | 93.67 |
| Borrowings | -0.44 | 1.19 | 0 | 0.17 | 0 | 0 |
| Other Liabilities | 2.52 | 3.24 | 4.05 | 7.16 | 7.66 | 14.04 |
| Total Liabilities | 15.9 | 19.59 | 31.23 | 52.44 | 118.13 | 131.54 |
| Fixed Assets | 1.4 | 1.7 | 10.06 | 12.85 | 16.91 | 41.51 |
| CWIP | 2.63 | 2.63 | 5.23 | 8.34 | 13.51 | 5.4 |
| Investments | 2.93 | 5.47 | 3.61 | 7.94 | 53.87 | 38.67 |
| Other Assets | 8.94 | 9.79 | 12.33 | 23.31 | 33.84 | 45.96 |
| Total Assets | 15.9 | 19.59 | 31.23 | 52.44 | 118.13 | 131.54 |

### 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 | 4.84 | 0.16 | 0.77 | 12.68 | -37.76 | 27.44 |
| Cash from Investing Activity | -3.74 | -3.11 | 0.62 | -17.09 | -13.04 | -23.66 |
| Cash from Financing Activity | 0.55 | 1.58 | -1.52 | 5.62 | 53.12 | -4.77 |
| Net Cash Flow | 1.66 | -1.36 | -0.14 | 1.21 | 2.32 | -0.99 |
| Free Cash Flow | 4.41 | -0.61 | -0.09 | 1.17 | -48.95 | 7.96 |
| CFO/OP | 167 | 8 | 13 | 72 | -386 | 277 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 61.85 | 100.17 | 137.54 | 124.96 | 177.25 | 185.73 |
| Inventory Days | — | — | — | — | — | 0 |
| Cash Conversion Cycle | 61.85 | 100.17 | 137.54 | 124.96 | 177.25 | 185.73 |
| Working Capital Days | 36.08 | 68.87 | 73.55 | 99.95 | 182.38 | 490.1 |
| ROCE % | — | 12.45 | 25.09 | 46.12 | 15.67 | 10.21 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 93.51% | 68.85% | 68.85% | 68.91% | 69.01% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0.03% | 0.05% | 0% | 0.56% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 5.17% | 23.89% | 25.44% | 26.75% | 26.7% |
| Others | 1.32% | 7.23% | 5.66% | 4.34% | 3.73% |
| No. of Shareholders | 25 | 2304 | 2667 | 2613 | 2290 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 30.2 | Sell |
| EMA (10) | 28.77 | Sell |
| SMA (20) | 28.24 | Sell |
| EMA (20) | 28.7 | Sell |
| SMA (50) | 28.48 | Sell |
| EMA (50) | 29.16 | Sell |
| SMA (100) | 31.5 | Sell |
| EMA (100) | 31.57 | Sell |
| SMA (200) | 37.01 | Sell |
| EMA (200) | 38.53 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.91 | Neutral |
| MACD (12,26,9) | 0.13 | Sell |
| Stochastic (14,3,3) | 28.85 | Neutral |
| ADX (14) | 21.99 | Neutral |
| Williams %R (14) | -70.98 | Neutral |
| ATR (14) | 2.56 | High Volatility |
| ROC (12) | -0.72 | Sell |
| Stoch RSI (14) | 34.75 | Neutral |
| UO (7,14,28) | 38.77 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Trust Fintech replies to NSE price movement query, saying no undisclosed price-sensitive information exists. | [Updates 9 April 2026 - Trust Fintech replies to NSE price movement query, saying no undisclosed price-sensitive information exists.](https://nsearchives.nseindia.com/corporate/TRUST_09042026130054_Clarification_09042026.pdf) |
| 9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remain in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remain in demat form.](https://nsearchives.nseindia.com/corporate/TRUST_09042026161527_Cert_Reg74_5_.pdf) |
| 8 July 2026 - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; all shares remain in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 July 2026 - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; all shares remain in demat form.](https://nsearchives.nseindia.com/corporate/TRUST_08072026152844_CertRegu74_5_30062026.pdf) |
| 7 Aug - Trust Fintech Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 7 Aug - Trust Fintech Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/TRUST_ROID_95428_KMP_Doc.zip) |
| 7 Aug - Company Secretary and Compliance Officer Tapasi Das resigns effective 14 August 2026. | [Cessation 7 Aug - Company Secretary and Compliance Officer Tapasi Das resigns effective 14 August 2026.](https://nsearchives.nseindia.com/corporate/TRUST_07082026165459_Resignationofcosecretary14082026.pdf) |
| 4 Sep - Trust Fintech AGM on 28 Sep 2026; e-voting runs 25-27 Sep 2026. | [Updates 4 Sep - Trust Fintech AGM on 28 Sep 2026; e-voting runs 25-27 Sep 2026.](https://nsearchives.nseindia.com/corporate/TRUST_04092026183204_seuupload.pdf) |
| 4 Sep - Book closure from 21 Sep 2026 to 28 Sep 2026 for Trust Fintech’s 28th AGM. | [Updates 4 Sep - Book closure from 21 Sep 2026 to 28 Sep 2026 for Trust Fintech’s 28th AGM.](https://nsearchives.nseindia.com/corporate/TRUST_04092026182621_Seuuplod.pdf) |
| 4 Sep - 28th AGM on 28 September 2026 at 1:00 PM via VC/OAVM; annual report for FY2025-26 enclosed. | [Shareholders meeting 4 Sep - 28th AGM on 28 September 2026 at 1:00 PM via VC/OAVM; annual report for FY2025-26 enclosed.](https://nsearchives.nseindia.com/corporate/TRUST_04092026182042_seuupload.pdf) |
| 31 Aug - Board approved FY26 annual report; 28th AGM on 28 September 2026 via VC/OAVM. | [Outcome of Board Meeting 31 Aug - Board approved FY26 annual report; 28th AGM on 28 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/TRUST_31082026173005_Outcome_of_BM.pdf) |
| 30 March 2026 - Independent Directors' meeting on 30 Mar 2026 reviewed board/chairman performance and information flow. | [Outcome of Board Meeting 30 March 2026 - Independent Directors' meeting on 30 Mar 2026 reviewed board/chairman performance and information flow.](https://nsearchives.nseindia.com/corporate/TRUST_30032026181539_IndDirMeeting30032026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31419_TRUST_2025_2026_A_6191975_04092026183720.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27802_TRUST_2024_2025_A_1790293_28082025152257.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25463_TRUST_2023_2024_02092024192726.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/TRUST_18112024170244_InvestorMeetandpresentation18112024.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/TRUST_18112024142938_Investor_MEET_Presentation_H1_FY_24-25_Trust_Fintech_Limited[1].pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/TRUST_12072024225731_INTIMATIONTONSEINVESTORPRESENTATION.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/TRUST_13082024111802_NewIntimationtoNSEInvestorMeet130824.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 2026-09-13T20:14:33.361Z.