Identixweb Limited

Identixweb Limited

BBSE:IDENTIXWEB
74.99
INR
+9.99
(+15.37%)
864.04MMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
5.75
5.96
6.07
8.71
12.5
- -
Basic EPS, GAAP
0.72
1.29
2.53
3.56
5.13
- -
Free Cash Flow per Basic Share
0.43
0.05
-3.4
-2.13
-7.04
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.81
4.47
9.86
18.7
32.75
32.75
Tangible Book Value per Share
0.81
4.37
4.47
9.68
13.51
13.51
Basic Weighted Avg Shares
10
10
10
10
10
10
Sales/Revenue/Turnover
60
62
63
91
130
- -
Operating Margin (%)
12.51
30.63
39.05
53.26
48.56
- -
Depreciation Expense
2
3
8
11
12
- -
Net Income, GAAP
8
13
26
37
54
- -
Effective Tax Rate (%)
7.15
27.19
26.34
33.54
31.79
- -
Profit Margin (%)
12.55
21.65
41.64
40.91
41.03
- -
Working Capital
6
22
23
76
110
110
LT Debt
1
5
1
4
1
1
Total Equity
8
47
98
186
326
326
Return on Invested Capital (%)
- -
41.14
28.13
20.33
15.47
- -
Return on Capital (%)
- -
44.96
36.63
28.45
23.22
- -
Return on Common Equity (%)
- -
48.85
35.26
24.95
19.93
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
4
1
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
- -
731
864

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
102
196
150
Cash, Cash Equivalents & STI
69
117
93
Accounts Receivable, Net
26
39
16
Inventories
- -
- -
- -
Total Current Liabilities
26
43
40
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
75.26%
Free Cash Flow
- -
- -
230.16%
Net Income, GAAP
- -
- -
43.93%
Sales/Revenue/Turnover
- -
- -
43.49%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
63
2025
- -
- -
91
2026
- -
- -
130

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.53
2025
- -
- -
3.56
2026
- -
- -
5.13

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Priyankkumar J. Savani
Full Time Employees
94
Sector
Technology services
Industry
Packaged software
Address
Surat India
IPO Date
Apr 3, 2025
Business
Identixweb Limited is an India-based information technology and Software-as-a-Service (SaaS) company that specializes in developing e-commerce applications, plugins, and custom digital software solutions. Founded in 2017 and headquartered in Surat, Gujarat, India, the company primarily develops proprietary applications for e-commerce platforms, with a specialized focus on the Shopify ecosystem, while delivering end-to-end web and mobile application engineering services to global digital merchants and enterprises. The company operates across two core business segments: Proprietary SaaS Products and IT Development Services. Its product portfolio includes iCart Cart Drawer Cart Upsell, an application designed to optimize shopping cart drawers, present in-cart product recommendations, and increase average order value; Stellar Delivery Date & Pickup, a logistics scheduling application enabling customizable local delivery dates and in-store pickup options; iTable Compare & Pricing Table, a tool facilitating side-by-side product comparisons, feature matrices, and tiered pricing charts; Wholesale Hero, a business-to-business (B2B) pricing and wholesale discount automation solution; and iWeb Order Printer, an invoicing utility for generating and customizing PDF invoices, packing slips, and receipts. Through its IT Development Services division, the company provides custom Shopify store design and theme engineering; full-stack web application development utilizing technologies including Node.js, React.js, and PHP; mobile application development utilizing Flutter; user interface and user experience (UI/UX) design; third-party Application Programming Interface (API) integrations; and continuous website maintenance and technical consulting. Identixweb Limited caters to a diversified client base of direct-to-consumer (D2C) brands, independent retailers, and online merchants across international markets, including North America, Europe, and the Asia-Pacific region. In recent corporate developments, the company converted from a private limited entity into a public limited company and completed its Initial Public Offering (IPO) on the BSE SME platform in March 2025, formally listing its equity shares on the Bombay Stock Exchange in April 2025 under the ticker IDENTIXWEB (Security Code: 544388). Following its public listing, the company expanded its domestic footprint by establishing a new software development facility in Bengaluru, Karnataka, to enhance its product development capacity and talent acquisition alongside its established operating centers in Surat and Ahmedabad.