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AAA Technologies Ltd.
(AAATECH)
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Rating:61Neutral
Price Target:
₹105.00
▲(7.31% Upside)
Action:Reiterated
Date:08/11/26
The score is primarily driven by financial fundamentals: a very strong, low-risk balance sheet helps, but FY2026’s sharp revenue decline and margin compression meaningfully raise near-term performance risk. Technically, the stock trends above key moving averages but with mixed momentum signals. Valuation is the main drag due to the elevated P/E with only a modest dividend yield.
Positive Factors
Conservative balance sheet
Zero debt and steadily growing equity provide durable financial flexibility. Over 2–6 months this reduces refinancing risk, supports continued investment or shareholder returns, and gives the company headroom to absorb revenue volatility without distress.
Negative Factors
Sharp revenue decline
A ~31% revenue drop materially shrinks the revenue base and can erode scale benefits and client stickiness. Over the next 2–6 months this makes forecasting, capacity planning, and margin recovery difficult and raises execution risk for returning to prior growth levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero debt and steadily growing equity provide durable financial flexibility. Over 2–6 months this reduces refinancing risk, supports continued investment or shareholder returns, and gives the company headroom to absorb revenue volatility without distress.
Read all positive factors
AAA Technologies Ltd. (AAATECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.18B
Dividend Yield1.64%
Average Volume (3M)3.57K
Price to Earnings (P/E)55.1
Beta (1Y)1.17
Revenue Growth-23.86%
EPS Growth-39.64%
CountryIN
Employees97
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.62
Shares Outstanding12,826,800
10 Day Avg. Volume1,326
30 Day Avg. Volume3,566
Financial Highlights & Ratios
PEG Ratio-1.34
Price to Book (P/B)3.69
Price to Sales (P/S)5.61
P/FCF Ratio27.75
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
AAA Technologies Ltd. Business Overview & Revenue Model
Company Description
Established in Mumbai, India, in 2000, AAA Technologies Limited delivers specialized information technology (IT) and information security auditing and consulting services. The company provides a comprehensive suite of information systems (IS) audi...
AAA Technologies Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
84
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 203.79M | 254.56M | 237.95M | 230.00M | 144.02M |
| Gross Profit | 99.96M | 164.74M | 184.87M | 175.62M | 107.66M |
| EBITDA | 30.82M | 35.99M | 51.72M | 41.00M | 29.89M |
| Net Income | 20.63M | 35.10M | 32.12M | 28.68M | 23.38M |
Balance Sheet | |||||
| Total Assets | 326.45M | 325.54M | 293.88M | 276.75M | 278.31M |
| Cash, Cash Equivalents and Short-Term Investments | 65.97M | 228.24M | 205.09M | 128.38M | 92.12M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 16.81M | 17.29M | 14.32M | 22.89M | 38.67M |
| Stockholders Equity | 309.64M | 308.25M | 279.56M | 253.85M | 239.64M |
Cash Flow | |||||
| Free Cash Flow | 41.17M | 13.96M | 74.56M | 35.98M | 37.99M |
| Operating Cash Flow | 41.20M | 16.55M | 77.17M | 48.95M | 38.73M |
| Investing Cash Flow | -184.23M | -25.25M | -64.71M | -82.79M | 8.83M |
| Financing Cash Flow | -19.24M | -6.41M | -6.41M | -4.28M | -4.28M |
AAA Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹1.18B | 55.11 | ― | 1.59% | -23.86% | -39.64% | |
56 Neutral | ₹1.42B | 1.90 | ― | 0.49% | 6.99% | 461.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹1.29B | -1.40 | ― | ― | -61.40% | -12541.12% | |
47 Neutral | ₹1.24B | -15.23 | ― | ― | -1.09% | -13.47% | |
41 Neutral | ₹776.23M | -2.54 | ― | ― | -49.83% | -6031.99% | |
37 Underperform | ₹1.28B | -14.47 | ― | ― | -26.19% | -172.63% |
* General Sector Average
IN:AAATECH
AAA Technologies Ltd.
91.50
10.99
13.65%
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AAA Technologies Ltd. Corporate Events
AAA Technologies Secures NICSI Empanelment Through 2029 for Government ICT Audits
Jul 2, 2026
AAA Technologies Ltd., a CERT-In empanelled IT security auditing company listed on Indian exchanges, provides comprehensive ICT infrastructure audit services to government bodies and data centres, reinforcing its position in the cybersecurity and ...
AAA Technologies posts lower FY26 profit despite steady revenues
Jun 1, 2026
AAA Technologies Ltd. has published its audited financial results for the quarter and year ended 31 March 2026, reporting total income from operations of Rs 392.58 lakh for the quarter and Rs 2,180.26 lakh for the year. The company swung to a quar...
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.