Qualitek Labs Ltd.

Qualitek Labs Ltd.

BBSE:QLL
543.25
INR
+15.25
(+2.89%)
3.60BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
8.62
16.29
25.96
50.56
78.96
114.14
- -
Basic EPS, GAAP
0.21
0.57
3.99
7.46
7.08
12.49
- -
Free Cash Flow per Basic Share
-6.39
-9.38
-13.7
-8.37
-14.45
-29.34
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.73
1.19
13.42
44.02
86.98
130.81
130.81
Tangible Book Value per Share
-0.73
1.19
13.42
44.02
53.59
61.43
61.43
Basic Weighted Avg Shares
7
7
7
6
9
11
11
Sales/Revenue/Turnover
64
120
191
292
702
1,245
- -
Operating Margin (%)
6.3
6.5
23.87
23.11
17.79
18.78
- -
Depreciation Expense
3
5
8
14
43
67
- -
Net Income, GAAP
2
4
29
43
63
136
- -
Effective Tax Rate (%)
60.39
13.21
25.25
26.05
26.25
20.3
- -
Profit Margin (%)
2.41
3.51
15.39
14.76
8.97
10.94
- -
Working Capital
-121
-132
-101
48
100
25
25
LT Debt
3
2
103
102
309
601
601
Total Equity
-5
9
99
324
928
1,524
1,524
Return on Invested Capital (%)
- -
4.55
12.83
12.71
9.49
9.22
- -
Return on Capital (%)
- -
4.62
13.43
12.76
6.88
8.44
- -
Return on Common Equity (%)
- -
- -
54.66
20.34
10.57
11.39
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
194
182
335
LT Borrowings
290
542
571
LT Finance Leases
19
- -
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
12
Market Capitalization
2,318
4,151
3,599

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
426
475
588
Cash, Cash Equivalents & STI
52
5
60
Accounts Receivable, Net
289
342
421
Inventories
26
30
32
Total Current Liabilities
326
327
563
Payables & Accruals
- -
- -
- -
ST Debt
194
182
335
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
248.41%
64.28%
Free Cash Flow
- -
71.15%
149.04%
Net Income, GAAP
- -
196.44%
116.2%
Sales/Revenue/Turnover
- -
83.76%
77.31%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
292
2025
- -
- -
702
2026
- -
- -
1,245

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7.46
2025
- -
- -
7.08
2026
- -
- -
12.49

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

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

Company Description

CEO
Antaryami Nayak
Full Time Employees
677
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Noida India
IPO Date
Jan 25, 2024
Business
Qualitek Labs Limited is an India-based testing, inspection, certification, and homologation services provider delivering comprehensive quality assurance, material testing, and regulatory compliance solutions to industrial and commercial sectors. Founded in 2018 and headquartered in New Delhi with corporate operations based in Noida, Uttar Pradesh, the company serves clients across the automotive, electric vehicle, defense, aerospace, pharmaceuticals, food and agriculture, environmental, and metals and metallurgy industries. The company provides an extensive portfolio of specialized technical services categorized into core testing and assurance domains, comprising: automotive and mobility testing, including electric vehicle battery pack evaluations, powertrain validation, vibration and fatigue analysis, environmental climatic simulation, salt spray corrosion testing, ingress protection, interior trim flammability, and component homologation support; defense and aerospace testing, including qualification testing under JSS 55555 and military standard specifications; mechanical and metallurgical testing, including tensile strength, impact resistance, hardness, microstructural characterization, and failure analysis; chemical and analytical testing, including elemental composition analysis, hazardous substance identification, and RoHS/REACH compliance testing; electrical and electronics testing, including electromagnetic compatibility, electromagnetic interference, and electrical safety assessments; pharmaceutical and life sciences testing, covering active pharmaceutical ingredient analysis, raw material validation, microbial limit testing, and stability studies; food, agriculture, and water testing, encompassing pesticide residue analysis, nutritional profiling, heavy metal detection, and environmental water quality assessments; inspection and auditing services, including pre-shipment inspection, vendor assessment, factory audits, and Type A third-party inspection under ISO/IEC 17020:2012; and technical consultancy, consisting of reverse engineering, regulatory advisory, and product development validation. In recent corporate developments, Qualitek Labs completed its initial public offering and listed its equity shares on the BSE SME platform in January 2024 (Ticker: BSE: 544091 / QLL) to finance infrastructure expansion and working capital requirements. Following its public listing, the company executed strategic acquisitions to broaden its sectoral capabilities, including the acquisition of a 100% equity stake in Quality and Testing Infosolution Private Limited, a majority stake in Interstellar Testing Centre Private Limited, and a specialized food testing laboratory facility in Mumbai for INR 8.82 crore. Through its subsidiary Interstellar Testing Centre, the company secured a three-year contract from Indian Oil Corporation. Operationally, Qualitek Labs has expanded its testing infrastructure across key industrial hubs in India, maintaining facilities in Noida, Pune, Bhubaneswar, and a dedicated pharmaceutical laboratory in Baddi, Himachal Pradesh. In 2026, the company approved a fundraising initiative of INR 47 crore through a preferential issue of equity shares and convertible warrants to support ongoing laboratory capacity expansions, equipment modernizations, and strategic growth initiatives.