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63 Moons Technologies Ltd.
(63MOONS)
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Rating:58Neutral
Price Target:
₹845.00
▲(19.17% Upside)
Action:Reiterated
Date:08/01/26
The score is held back primarily by weak and volatile fundamentals—sharp profitability deterioration and recent cash flow burn—despite a very strong, low-leverage balance sheet. Technicals are a meaningful positive with the price well above major moving averages, while valuation is constrained by a negative P/E, partly offset by a high dividend yield.
Positive Factors
Very Low Leverage
The company carries minimal debt against a large equity base, giving it financial flexibility to fund operations or withstand weaker periods without heavy financing pressure. This conservative structure is a durable buffer, although it does not by itself ensure profitable capital deployment.
Negative Factors
Severe Profitability Deterioration
Profitability has deteriorated materially despite the FY2026 revenue rebound, with negative gross profit and deeply negative operating results. This indicates that added revenue has not translated reliably into earnings and creates a durable concern about margin sustainability and operating economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
The company carries minimal debt against a large equity base, giving it financial flexibility to fund operations or withstand weaker periods without heavy financing pressure. This conservative structure is a durable buffer, although it does not by itself ensure profitable capital deployment.
Read all positive factors
63 Moons Technologies Ltd. (63MOONS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.25B
Dividend Yield0.25%
Average Volume (3M)27.63K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth237.50%
EPS Growth-203.18%
CountryIN
Employees414
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-14.15
Shares Outstanding46,078,537
10 Day Avg. Volume28,409
30 Day Avg. Volume27,625
Financial Highlights & Ratios
PEG Ratio2.14
Price to Book (P/B)0.61
Price to Sales (P/S)10.24
P/FCF Ratio-12.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
63 Moons Technologies Ltd. Business Overview & Revenue Model
Company Description
63 Moons Technologies Ltd. functions as a parent company, primarily delivering computer programming, advisory, and associated services. The firm is headquartered in Mumbai, Maharashtra, and currently employs 872 full-time staff members. Its busine...
How the Company Makes Money
63MOONS primarily makes money by building, licensing, deploying, and supporting technology platforms for capital market and exchange/market-infrastructure use cases. Key revenue streams typically include: (1) Software/platform licensing and implem...
63 Moons Technologies Ltd. Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
82
Very Positive
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.18B | 2.12B | 468.20M | 4.72B | 2.90B | 1.60B |
| Gross Profit | -708.99M | -260.28M | -732.77M | 2.70B | 1.25B | 296.16M |
| EBITDA | -1.25B | -2.82B | -2.35B | 2.32B | 410.99M | -632.87M |
| Net Income | -651.95M | -224.34M | -331.70M | 2.23B | -163.09M | -531.73M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 38.87B | 36.79B | 36.45B | 34.66B | 33.68B |
| Cash, Cash Equivalents and Short-Term Investments | 19.56B | 19.56B | 20.84B | 14.23B | 15.74B | 15.42B |
| Total Debt | 0.00 | 54.22M | 28.48M | 51.71M | 42.02M | 2.79M |
| Total Liabilities | -36.50B | 2.37B | 2.43B | 3.27B | 3.75B | 2.91B |
| Stockholders Equity | 36.50B | 35.49B | 34.14B | 33.47B | 31.15B | 30.96B |
Cash Flow | ||||||
| Free Cash Flow | -1.36B | -1.77B | -1.54B | 1.65B | 510.60M | -1.28B |
| Operating Cash Flow | -1.33B | -1.34B | -1.43B | 1.70B | 707.12M | -1.02B |
| Investing Cash Flow | -304.36M | -1.20B | -477.47M | -999.70M | 499.84M | 749.72M |
| Financing Cash Flow | 1.94B | 2.55B | 1.65B | 217.29M | 189.20M | 808.04M |
63 Moons Technologies Ltd. Technical Analysis
Neutral
709.05
Price Trends
821.66
Negative
744.32
Positive
695.84
Positive
Market Momentum
4.69
Positive
45.02
Neutral
18.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:63MOONS, the sentiment is Neutral. The current price of 709.05 is below the 20-day moving average (MA) of 856.78, below the 50-day MA of 821.66, and above the 200-day MA of 695.84, indicating a neutral trend. The MACD of 4.69 indicates Positive momentum. The RSI at 45.02 is Neutral, neither overbought nor oversold. The STOCH value of 18.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:63MOONS.
63 Moons Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹51.92B | 42.30 | ― | 0.21% | 29.74% | 25.01% | |
69 Neutral | ₹17.15B | 16.24 | ― | 1.92% | 1.66% | -37.05% | |
66 Neutral | ₹53.35B | 22.25 | ― | 0.14% | 110.17% | 23.73% | |
63 Neutral | ₹27.20B | 32.38 | ― | 1.52% | 21.39% | -13.43% | |
61 Neutral | ₹23.38B | 17.96 | ― | ― | 44.48% | 27.93% | |
58 Neutral | ₹37.25B | -57.32 | ― | 0.25% | 237.50% | -203.18% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:63MOONS
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63 Moons Technologies Ltd. Corporate Events
63 Moons Subsidiary Ticker Limited Updates on NCLT-Approved Resolution Plan
Sep 9, 2026
63 Moons Technologies has updated exchanges that its non-material subsidiary Ticker Limited is undergoing a restructuring process connected to insolvency proceedings involving Baron Infotech Limited. The company notified that the National Company ...
63 Moons boosts stake in tech subsidiary Ticker with Rs 70 crore infusion
Sep 7, 2026
63 Moons Technologies Ltd. has disclosed that its wholly owned overseas subsidiary, Financial Technologies Singapore Pte. Ltd., has subscribed on a preferential basis to 259,259,26 new equity shares issued by its Indian subsidiary Ticker Ltd. for ...
63 Moons Technologies Moves AGM and Annual Report Access Fully Online
Aug 27, 2026
63 Moons Technologies Ltd., a fintech and market infrastructure solutions provider listed on BSE and NSE, has reiterated its adherence to SEBI’s Listing Obligations and Disclosure Requirements. The company continues to emphasize digital acce...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.