Trigyn Technologies Limited (TRIGYN) AI Stock Analysis

• Market Cap: ₹2.77B
• Dividend Yield: N/A
• Average Volume (3M): 18.74K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 1.09
• Revenue Growth: -26.70%
• EPS Growth: -102.94%
• Country: IN
• Employees: 763
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -1.50
• Shares Outstanding: 30,785,736
• 10 Day Avg. Volume: 45,947
• 30 Day Avg. Volume: 18,740
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹93.00
• Price Target Upside: 3.44% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: ₹93.00 ▲(3.44% Upside)

The overall stock score is primarily influenced by financial stability and technical analysis. The strong balance sheet and improving cash flow are positive, but challenges in revenue growth and profitability, combined with overbought technical indicators and poor valuation metrics, weigh down the score.

Trigyn Technologies Limited Business Overview & Revenue Model

Company Description

Trigyn Technologies Limited provides communications and information technology staffing support services in India and internationally. The company offers system integration services, such as custom application development and maintenance, enterprise content management, legacy modernization/application reengineering, mobile application development and enablement, business intelligence and reporting, user experience consulting/design, independent testing, business process outsourcing, and helpdesk and support. It also provides managed services; and staff augmentation services, including project management and business analysis, helpdesk and network support, network and infrastructure design, ERP technical and functional, and UX/UI and usability, as well as architecture, design, development, and quality assurance. In addition, the company offers development and maintenance, SAP, and IT solutions. It serves international organizations, non-governmental organizations, and state and local governments, as well as the commercial sector comprising financial services, pharmaceutical, manufacturing, and distribution. The company was formerly known as Leading Edge Systems Ltd and changed its name to Trigyn Technologies Limited in July 2000. Trigyn Technologies Limited was incorporated in 1986 and is headquartered in Mumbai, India.

How the Company Makes Money

Trigyn Technologies Limited generates revenue primarily through its diverse portfolio of IT services, which include enterprise software development, IT infrastructure management, and digital transformation consulting. The company earns significant income from long-term contracts with government agencies and international organizations, providing critical IT solutions and support. Additionally, Trigyn benefits from its staffing services, where it supplies skilled IT professionals to clients on a temporary or permanent basis. Strategic partnerships and collaborations with technology providers also contribute to Trigyn's revenue, allowing the company to enhance its service offerings and maintain competitive pricing.

Trigyn Technologies Limited Financial Statement Overview

Summary

Trigyn Technologies shows financial stability with a strong balance sheet and improving cash flow. However, challenges in revenue growth and profitability are evident. Strategic initiatives are needed to drive consistent growth and margin improvement.

Income Statement

Trigyn Technologies has experienced fluctuations in revenue and profitability. The recent drop in revenue and net income signals potential challenges in maintaining growth. Gross profit margin is healthy, but declining EBIT and net profit margins indicate pressure on profitability. Revenue growth has been inconsistent, highlighting the need for strategic adjustments to sustain long-term growth.

Balance Sheet

The company maintains a strong financial position with a high equity ratio and low debt levels, reflecting stability and reduced financial risk. The debt-to-equity ratio remains favorable, indicating conservative leverage. However, a decrease in stockholders' equity growth rate suggests potential challenges in value creation. Overall, the balance sheet showcases financial prudence.

Cash Flow

Cash flow analysis reveals a mixed performance with strong free cash flow generation in the latest period compared to previous years. However, the volatility in operating cash flow and previous periods of negative free cash flow highlight potential operational inefficiencies that need addressing. The recent improvement provides a good starting point for enhancing cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.92B	8.98B	12.80B	12.73B	10.41B	9.85B
Gross Profit	4.30B	4.13B	4.58B	4.26B	3.21B	3.04B
EBITDA	447.70M	342.52M	467.44M	660.73M	671.35M	938.87M
Net Income	282.42M	117.69M	199.63M	346.77M	390.72M	621.73M
Balance Sheet
Total Assets	0.00	9.03B	8.74B	8.56B	7.55B	6.83B
Cash, Cash Equivalents and Short-Term Investments	3.46B	4.23B	3.36B	1.38B	2.15B	1.96B
Total Debt	0.00	127.60M	46.98M	67.83M	73.56M	102.27M
Total Liabilities	-7.12B	1.62B	1.72B	1.75B	1.47B	1.25B
Stockholders Equity	7.12B	7.41B	7.01B	6.81B	6.08B	5.58B
Cash Flow
Free Cash Flow	0.00	513.66M	1.25B	-576.57M	292.02M	771.81M
Operating Cash Flow	0.00	514.92M	1.26B	-520.73M	449.63M	802.23M
Investing Cash Flow	0.00	-19.67M	682.98M	-628.59M	-314.57M	-14.27M
Financing Cash Flow	0.00	-34.55M	-37.42M	-28.16M	-56.37M	-45.95M

Trigyn Technologies Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 89.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 89.91 is above the 20-day moving average (MA) of 79.29, above the 50-day MA of 79.58, and above the 200-day MA of 86.61, indicating a bullish trend. The MACD of 3.09 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 54.97 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRCSYSTEMS	72 Outperform	2.72B	17.34	23.34%	―	22.13%	7.44%
INTENTECH	66 Neutral	3.04B	29.47	11.56%	0.77%	2.40%	-42.62%
DEVIT	62 Neutral	2.28B	16.96	21.67%	0.49%	28.58%	21.00%
3IINFOLTD	60 Neutral	4.56B	5.57	8.26%	―	-10.35%	―
AARTECH	57 Neutral	1.73B	―	8.68%	0.23%	―	―
TRIGYN	56 Neutral	₹2.77B	21.11	―	―	-26.70%	-102.94%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Trigyn Technologies Limited Corporate Events

Trigyn Technologies Announces Strategic Leadership Changes and Expansion Plans

Trigyn Technologies Limited’s board meeting on August 11, 2025, resulted in several key decisions. The board approved the unaudited financial results for the quarter ended June 30, 2025, and appointed Mrs. Bhavana Rao Potluri as Executive Vice Chair, entrusting her with strategic responsibilities. Additionally, the board approved the incorporation of a wholly owned subsidiary in Dubai, aiming to expand its international presence.