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Xtranet Technologies Unlisted Shares
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XtraNet Technologies shares are likely in a sideways trend due to a combination of factors, including the company's recent financial performance, potential for future growth, and the broader market context. Specifically, XtraNet is planning an IPO after the release of their FY25 financial results.
As on 01 Aug 2026, 02:45 PM, we are buying shares of the N/A for N/A and selling them for N/A per share.
About Xtranet Technologies Unlisted Shares
Established in 2002 and headquartered in Bhopal, Madhya Pradesh, XtraNet Technologies Pvt. Ltd. is a leading IT and IT-enabled services company. With a focus on delivering cost-effective and scalable solutions, XtraNet operates across multiple domains such as ERP, IT system integration, BPO, application development, smart city projects, digital transformation, and PKI/e-signature services. The company has a global footprint, with offices in the USA, Canada, and Singapore, serving a diverse industry base.
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Business Divisions
A) Services Division
- IT Systems Integration: Enhancing connectivity and performance across enterprise infrastructure.
- BPO Services: Managing non-core processes to boost client operational efficiency.
- ERP & App Development: Custom-built software and ERP deployments tailored to client needs.
B) Product Division
- XtraTrust: A secure PKI and digital certificate platform for digital verification and signatures.
- Synergy: A low-code platform that enables quick, cost-efficient digital transformation for businesses.
Revenue Segmentation (FY24):
- IT Services: 52%
- BPO Services: 34%
- ERP & App Dev: 5%
- XtraTrust: 5%
- Synergy: 4%
Financial Highlights (Pwrite Format)
- Revenue Growth: Increased from ₹86 Cr in FY22 to ₹226 Cr in FY24, showing strong business expansion.
- Profitability: PAT rose significantly from ₹1 Cr in FY22 to ₹11.84 Cr in FY24, indicating rising profitability.
- Margins Improvement: Gross margins rebounded to 24.78% in FY24 from 12.96% in FY23.
- EBITDA and OPM: EBITDA touched ₹17.91 Cr with an OPM of 7.92% in FY24, showing efficient operations.
- Debt Position: Borrowings increased to ₹37 Cr in FY24, reflecting higher leverage for growth.
- Receivables: Trade receivables dropped to ₹95 Cr from ₹160 Cr in FY23, improving cash flow.
- EPS Surge: EPS climbed to ₹17.18 in FY24 from ₹7.98 in FY23, benefiting shareholders.
Pros
- Strong competitive advantages through XtraTrust CA and Synergy platforms.
- Significant improvement in profitability and capital efficiency metrics.
- Increasing contribution from higher-margin service offerings enhances earnings quality.
- Established client relationships with over 23 years of government engagement and presence on the GeM procurement platform.
- Well-positioned to benefit from rising Digital India initiatives and GovTech spending.
- Scalable growth opportunities for both Synergy and XtraTrust across government and enterprise segments.
- International diversification potential through its UAE subsidiary.
Cons
- Weak cash generation and negative free cash flow.
- High working capital requirements may pressure liquidity.
- Governance concerns due to a family-controlled board structure and relatively small statutory auditor.
- Historical compliance issues under Sections 185 and 42 of the Companies Act.
- Key trademarks are personally owned by the Managing Director rather than the company.
- Dependence on government spending priorities and policy decisions creates revenue concentration risk.
- Faces competition from larger, better-funded IT and technology service providers.
Key Details
| Share Name | Particulars |
|---|---|
| Xtranet Technologies Unlisted Shares | - |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 20000 |
| Depository | NSDL & CDSL |
| PAN Number | AAACX0238J |
| ISIN Number | INE0NG701011 |
| CIN | U72200MP2002PLC014956 |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 461.99 |
| P/E Ratio | 15.4 |
| P/B Ratio | 4.32 |
| Debt to Equity | 0.41 |
| ROE (%) | 31.42 |
| Book Value | - |
| EPS | 38.31 |
| Face Value | - |
| Total Shares | - |
Financials
| P&L Statement | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 276 | 226 | 216 | 86 |
| Cost of Material Consumed | 179 | 170 | 188 | 64 |
| Gross Profit Margins | 35.14% | 24.78% | 12.96% | 25.58% |
| EBITDA | 45 | 17.91 | 11 | 5 |
| EBITDA Margins | 16.30% | 7.92% | 5.09% | 5.81% |
| EBIT | 42.7 | 17.37 | 10 | 3 |
| EBIT Margins | 15.47% | 7.69% | 4.63% | 3.49% |
| PBT | 40 | 15.49 | 7.5 | 2 |
| PAT | 30 | 11.84 | 5.5 | 1 |
| NPM | 10.87% | 5.24% | 2.55% | 1.16% |
| EPS | 38.31 | 17.18 | 7.98 | 1.96 |
| Cash Flow Statement | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash from Operating Activity | 8.6 | -4.44 | -2 | -13 |
| Cash from Investing Activity | -30.4 | -5.78 | -3.2 | -2 |
| Cash from Financing Activity | 19.7 | 12.83 | 3.8 | 5 |
| Net Cash Flow | -2.1 | 2.61 | -1.4 | -10 |
| Assets | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Fixed Assets | 23 | 4.67 | 5.5 | 5.5 |
| CWIP | - | - | - | - |
| Investments | 1.4 | 4.14 | 4 | 4 |
| Trade Receivables | 162 | 95 | 160 | 18 |
| Inventory | 80 | 54.5 | 35 | 15 |
| Other Assets | 55.6 | 40.38 | 16.5 | 12.5 |
| Total Assets | 322 | 198.69 | 221 | 55 |
| Liabilities | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Share Capital | 7.83 | 6.89 | 6.89 | 5.09 |
| Reserves | 89 | 30.8 | 19 | 6 |
| Borrowings | 39 | 37 | 17 | 22 |
| Trade Payables | - | - | - | - |
| Other Liabilities | 186.17 | 124 | 178.11 | 21.91 |
| Total Liabilities | 322 | 198.69 | 221 | 55 |
Peer Comparison
| Company | Market Cap (cr.) | Revenue (cr.) | P/E | P/B | ROE (%) |
|---|---|---|---|---|---|
| Xtranet Technologies Unlisted Shares | 461.99 | 276 | 15.4 | 4.32 | 31% |
| CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED | 64607.59 | 29068.2 | 18.37 | 3.35 | 18% |
| ESDS SOFTWARE SOLUTION LIMITED | 4900.87 | 361.34 | 86.92 | 11.63 | 13% |
| PRISMA GLOBAL LIMITED | 2791.41 | 488 | 195.84 | 281.87 | 14% |
| TRANSLINE TECHNOLOGIES LIMITED | 1114.72 | 371.08 | 23.76 | 6.04 | 27% |
| HCIN Networks Unlisted shares | 225.34 | 25.41 | 31.88 | 1.87 | 34% |
Promoters or Management
| Name | Designation |
|---|---|
| Mr. JP Singh | Director |
| Mr. Sukhbir Singh | Director |
Frequently Asked Questions
1. What is the revenue split of Xtranet Technologies?
Xtranet derives majority of its revenue from its services- 52% of revenue from IT services, 34% from BPO services. Other segments contribute little such as ERP and Application development – 5%. Its products- XtraTrust and Synergy contribute 9%.
2. What is the authorized capital and recent changes in it?
Xtranet increased its authorized capital from Rs 9,50,00,000 divided into 95,00,000 shares to Rs 55,00,00,000 divided into 5,50,00,000 shares. Increasing its authorized capital will help it raise capital in the future which help in its expansion. It also modified its MoA and AoA to convert the company from a private ltd to public ltd company. This indicates that the company is planning for and IPO.
3. Has the company raised any capital and what are its IPO plans?
In august of 2024, Xtranet raised 30 cr through a private placement. After the release of FY 25 results, company plans to move forward with their IPO.
4. Who are Xtranet technologies’ clients?
Few of its government clients are – Indian Oil, Income Tax department, Employee provident fund organization. Its corporate clients include – Hitachi, Reliance industries, Trident group, HDFC etc.
5. Where are offices of Xtranet present?
Xtranet has presence in various offices in India such as Bhopal, Jaipur, Mumbai, New Delhi etc and in various countries such as USA, UAE. Singapore etc.