AAA Technologies Ltd. (IN:AAATECH)
:AAATECH
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AAA Technologies Ltd.
(AAATECH)
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Rating:56Neutral
Price Target:
₹95.00
▼(-2.91% Downside)
Action:Downgraded
Date:06/03/26
The score is primarily supported by a strong, low-risk balance sheet and generally decent cash conversion, but is held back by a sharp deterioration in the latest operating performance (revenue and margin decline), weak technical momentum, and a high P/E with only a modest dividend yield.
Positive Factors
Conservative Balance Sheet
Zero debt and steadily growing equity give AAATECH durable financial flexibility. A debt-free capital structure lowers refinancing and solvency risk, enabling the company to fund operations, weather demand shocks, and pursue strategic investments or vendor partnerships over the next 2-6 months.
Negative Factors
Sharp Revenue and Margin Decline
A circa 31% revenue drop and material gross/EBIT margin compression greatly reduce earnings visibility and signal weaker demand, pricing pressure, or adverse mix. Such an abrupt operating deterioration can impair cash flow predictability and force margin-restoring measures that take months to execute.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Zero debt and steadily growing equity give AAATECH durable financial flexibility. A debt-free capital structure lowers refinancing and solvency risk, enabling the company to fund operations, weather demand shocks, and pursue strategic investments or vendor partnerships over the next 2-6 months.
Read all positive factors
AAA Technologies Ltd. (AAATECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.18B
Dividend Yield1.59%
Average Volume (3M)3.57K
Price to Earnings (P/E)57.3
Beta (1Y)1.16
Revenue Growth-19.94%
EPS Growth-41.01%
CountryIN
Employees97
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)2.75
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...
How the Company Makes Money
AAA Technologies Ltd. generates revenue through its diverse range of IT services, including auditing and security-focused solutions for organizations. Key revenue streams include fees for cybersecurity consulting, IT audits, system integration, an...
AAA Technologies Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
84
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 297.27M | 203.79M | 254.56M | 237.95M | 230.00M | 144.02M |
| Gross Profit | 124.33M | 13.36M | 164.74M | 184.87M | 175.62M | 107.66M |
| EBITDA | 47.05M | 16.58M | 35.99M | 51.72M | 41.00M | 29.89M |
| Net Income | 35.24M | 20.63M | 35.10M | 32.12M | 28.68M | 23.38M |
Balance Sheet | ||||||
| Total Assets | 343.12M | 326.45M | 325.54M | 293.88M | 276.75M | 278.31M |
| Cash, Cash Equivalents and Short-Term Investments | 249.28M | 65.97M | 228.24M | 205.09M | 128.38M | 92.12M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 34.38M | 16.81M | 17.29M | 14.32M | 22.89M | 38.67M |
| Stockholders Equity | 308.74M | 309.64M | 308.25M | 279.56M | 253.85M | 239.64M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 41.17M | 13.96M | 74.56M | 35.98M | 37.99M |
| Operating Cash Flow | 0.00 | 41.20M | 16.55M | 77.17M | 48.95M | 38.73M |
| Investing Cash Flow | 0.00 | -184.23M | -25.25M | -64.71M | -82.79M | 8.83M |
| Financing Cash Flow | 0.00 | -19.24M | -6.41M | -6.41M | -4.28M | -4.28M |
AAA Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹34.46B | 47.09 | ― | ― | -16.99% | 7.60% | |
56 Neutral | ₹1.18B | 57.25 | ― | 1.59% | -19.94% | -41.01% | |
55 Neutral | ₹2.14B | -13.54 | ― | 0.84% | -21.33% | -207.13% | |
53 Neutral | ₹48.76B | -31.46 | ― | 0.25% | 6.93% | -2481.56% | |
44 Neutral | ₹839.77M | -3.10 | ― | 0.46% | -56.14% | -419.18% | |
41 Neutral | ₹332.91M | -0.68 | ― | ― | -29.59% | -3524.70% |
* Technology Sector Average
IN:AAATECH
AAA Technologies Ltd.
95.22
6.90
7.81%
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AAA Technologies Ltd. Corporate Events
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...
Open Offer Announcement Targets Shareholders of AAA Technologies Ltd
Apr 22, 2026
AAA Technologies Ltd. has become the subject of an open offer process, with Mark Corporate Advisors Pvt Ltd issuing an Offer Opening Public Announcement under India’s takeover regulations directed at the company’s eligible equity share...
AAA Technologies Launches E-Voting Postal Ballot to Confirm New Managing Director
Mar 18, 2026
AAA Technologies Ltd. has published newspaper notices announcing a postal ballot process to seek shareholder approval for special business, including the redesignation of Venugopal Madanlal Dhoot as Managing Director. The company is conducting the...
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.