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Trigyn Technologies Limited
(TRIGYN)
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Rating:57Neutral
Price Target:
₹55.00
▼(-28.46% 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
Conservative balance sheet
Very low leverage gives Trigyn meaningful financial flexibility and limits solvency risk as it pursues projects or manages weaker operating periods. Steadily growing equity also provides a stronger capital base, reducing dependence on borrowing to support the business.
Negative Factors
Extremely thin profitability
Near-breakeven operating profit and a roughly 0.2% net margin leave little buffer against execution variation, cost increases, or weaker project economics. This limits internally generated earnings available for reinvestment and makes durable returns dependent on restoring operating profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives Trigyn meaningful financial flexibility and limits solvency risk as it pursues projects or manages weaker operating periods. Steadily growing equity also provides a stronger capital base, reducing dependence on borrowing to support the business.
Read all positive factors
Trigyn Technologies Limited (TRIGYN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.67B
Dividend Yield0.51%
Average Volume (3M)5.69K
Price to Earnings (P/E)16.2
Beta (1Y)1.44
Revenue Growth14.22%
EPS GrowthN/A
CountryIN
Employees744
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)3.28
Shares Outstanding30,785,736
10 Day Avg. Volume4,699
30 Day Avg. Volume5,692
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.05B | 9.76B | 8.98B | 12.80B | 12.73B | 10.41B |
| Gross Profit | 3.94B | 4.83B | 4.13B | 4.58B | 4.20B | 3.15B |
| EBITDA | 161.12M | 36.27M | 342.52M | 467.44M | 672.79M | 671.35M |
| Net Income | 100.83M | 19.87M | 117.69M | 199.63M | 346.77M | 390.72M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 9.82B | 9.03B | 8.74B | 8.56B | 7.55B |
| Cash, Cash Equivalents and Short-Term Investments | 4.74B | 4.74B | 4.23B | 3.36B | 1.38B | 2.15B |
| Total Debt | 0.00 | 102.59M | 127.60M | 46.98M | 67.83M | 73.56M |
| Total Liabilities | -7.97B | 1.85B | 1.62B | 1.72B | 1.75B | 1.47B |
| Stockholders Equity | 7.97B | 7.97B | 7.41B | 7.01B | 6.81B | 6.08B |
Cash Flow | ||||||
| Free Cash Flow | -620.88M | 39.86M | 513.66M | 1.25B | -576.57M | 292.02M |
| Operating Cash Flow | -612.72M | 56.91M | 514.92M | 1.26B | -520.73M | 449.63M |
| Investing Cash Flow | 114.16M | 24.00M | 157.48M | 682.98M | -628.59M | -314.57M |
| Financing Cash Flow | -12.48M | -213.00K | -34.55M | -37.42M | -28.16M | -56.37M |
Trigyn Technologies Limited Technical Analysis
Negative
76.88
Price Trends
55.72
Negative
55.65
Negative
56.75
Negative
Market Momentum
-0.65
Positive
43.75
Neutral
28.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRIGYN, the sentiment is Negative. The current price of 76.88 is above the 20-day moving average (MA) of 56.13, above the 50-day MA of 55.72, and above the 200-day MA of 56.75, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 43.75 is Neutral, neither overbought nor oversold. The STOCH value of 28.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹6.34B | 15.16 | ― | 2.80% | 10.51% | 31.80% | |
68 Neutral | ₹6.70B | 11.22 | ― | 3.28% | 8.25% | 15.33% | |
66 Neutral | ₹4.85B | 15.72 | ― | 0.66% | -1.79% | 0.05% | |
66 Neutral | ₹4.13B | 13.60 | ― | 17.08% | 4.74% | -11.10% | |
57 Neutral | ₹1.67B | 16.19 | ― | 0.51% | 14.22% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹765.64M | -2.41 | ― | 0.10% | -49.83% | -6031.99% |
* General Sector Average
IN:TRIGYN
Trigyn Technologies Limited
53.52
-30.78
-36.51%
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285.70
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29.90
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IN:XCHANGING
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-26.57%
Trigyn Technologies Limited Corporate Events
Trigyn Technologies Sets Virtual 40th AGM, Confirms Dispatch of FY26 Reports
Sep 7, 2026
Trigyn Technologies Limited has announced that the notice for its 40th Annual General Meeting, along with the annual report for FY 2025-26, has been dispatched to shareholders via email and post, and made available on its website and the BSE and N...
Trigyn Technologies Sets September 30 Virtual AGM With Remote E-Voting
Sep 5, 2026
Trigyn Technologies Limited has scheduled its 40th Annual General Meeting for Wednesday, September 30, 2026, at 3:30 p.m. IST, to be conducted via video conferencing and other audio-visual means in line with Indian corporate and securities regulat...
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.