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Trigyn Technologies Limited
(TRIGYN)
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Rating:57Neutral
Price Target:
₹63.00
▼(-18.05% Downside)
Action:Reiterated
Date:08/27/26
The score is held back primarily by deteriorating profitability and volatile cash generation, despite a very strong low-debt balance sheet. Technicals are a key positive with the stock trading above major moving averages and positive momentum, while valuation is moderate (P/E ~18.5) and neither improves nor materially detracts from the overall score.
Positive Factors
Very Low Leverage
The conservatively financed balance sheet limits solvency risk and preserves flexibility to fund delivery capacity, technology investment, or working-capital needs. Growing equity also provides a stronger capitalization base for sustaining operations through uneven project cycles.
Negative Factors
Extremely Thin Profitability
Near-breakeven operating profit leaves little cushion against wage inflation, project overruns, pricing pressure, or utilization declines. Persistently weak earnings conversion could constrain reinvestment and reduce the benefit of the company’s otherwise strong balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
The conservatively financed balance sheet limits solvency risk and preserves flexibility to fund delivery capacity, technology investment, or working-capital needs. Growing equity also provides a stronger capitalization base for sustaining operations through uneven project cycles.
Read all positive factors
Trigyn Technologies Limited (TRIGYN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.93B
Dividend YieldN/A
Average Volume (3M)3.83K
Price to Earnings (P/E)18.5
Beta (1Y)1.37
Revenue Growth14.22%
EPS GrowthN/A
CountryIN
Employees763
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.65
Shares Outstanding30,785,736
10 Day Avg. Volume5,350
30 Day Avg. Volume3,827
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)0.15
Price to Sales (P/S)0.12
P/FCF Ratio29.63
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
Trigyn Technologies Limited Business Overview & Revenue Model
Company Description
Trigyn Technologies Limited, established in Mumbai, India, in 1986, operates as an international provider of communication and information technology staffing alongside extensive support services. The company delivers a comprehensive array of syst...
How the Company Makes Money
Trigyn primarily makes money by billing clients for IT services delivered under (1) time-and-materials/resource augmentation arrangements and (2) fixed-price or milestone-based project contracts. Under time-and-materials models, revenue is earned ...
Trigyn Technologies Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
82
Very Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.76B | 8.98B | 12.80B | 12.73B | 10.41B |
| Gross Profit | 4.83B | 4.13B | 4.58B | 4.20B | 3.15B |
| EBITDA | 36.27M | 342.52M | 467.44M | 672.79M | 671.35M |
| Net Income | 19.87M | 117.69M | 199.63M | 346.77M | 390.72M |
Balance Sheet | |||||
| Total Assets | 9.82B | 9.03B | 8.74B | 8.56B | 7.55B |
| Cash, Cash Equivalents and Short-Term Investments | 4.74B | 4.23B | 3.36B | 1.38B | 2.15B |
| Total Debt | 102.59M | 127.60M | 46.98M | 67.83M | 73.56M |
| Total Liabilities | 1.85B | 1.62B | 1.72B | 1.75B | 1.47B |
| Stockholders Equity | 7.97B | 7.41B | 7.01B | 6.81B | 6.08B |
Cash Flow | |||||
| Free Cash Flow | 39.86M | 513.66M | 1.25B | -576.57M | 292.02M |
| Operating Cash Flow | 56.91M | 514.92M | 1.26B | -520.73M | 449.63M |
| Investing Cash Flow | 24.00M | 157.48M | 682.98M | -628.59M | -314.57M |
| Financing Cash Flow | -213.00K | -34.55M | -37.42M | -28.16M | -56.37M |
Trigyn Technologies Limited Technical Analysis
Positive
76.88
Price Trends
54.73
Positive
55.89
Positive
58.36
Positive
Market Momentum
1.47
Negative
62.34
Neutral
81.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRIGYN, the sentiment is Positive. The current price of 76.88 is above the 20-day moving average (MA) of 55.94, above the 50-day MA of 54.73, and above the 200-day MA of 58.36, indicating a bullish trend. The MACD of 1.47 indicates Negative momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 81.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TRIGYN.
Trigyn Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹6.35B | 15.23 | ― | 1.84% | 10.51% | 31.80% | |
68 Neutral | ₹6.85B | 11.16 | ― | 2.40% | 8.25% | 15.33% | |
66 Neutral | ₹5.61B | 17.80 | ― | 0.52% | -1.79% | 0.05% | |
66 Neutral | ₹4.03B | 13.03 | ― | 13.87% | 4.74% | -11.10% | |
57 Neutral | ₹1.93B | 18.52 | ― | ― | 14.22% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹812.13M | -2.41 | ― | ― | -49.83% | -6031.99% |
* General Sector Average
IN:TRIGYN
Trigyn Technologies Limited
60.47
-14.59
-19.44%
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Trigyn Technologies Limited Corporate Events
Trigyn Technologies Wins Shareholder Backing for Board Continuity and Consultancy Pact
Jun 24, 2026
Trigyn Technologies Limited has secured shareholder approval via postal ballot and remote e-voting for key governance resolutions, including the continuation of Dr. Raja Mohan Rao Potluri as a non-executive, non-independent director in the promote...
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.