Integrated Personnel Services Ltd.

Integrated Personnel Services Ltd.

NNSE:IPSL
199.95
INR
-0.05
(-0.02%)
1.88BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
234.55
192.04
235.21
336.23
340.79
407.47
465.69
- -
Basic EPS, GAAP
4.32
2.65
5
7.71
7.45
9.11
12.73
- -
Free Cash Flow per Basic Share
-3.46
0.62
-0.13
-2.07
-7.93
-8.68
-7.27
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.1
- -
Book Value per Share
15.62
18.27
23.83
44.96
56.63
65.51
77.97
77.97
Tangible Book Value per Share
15.28
17.82
23.42
44.67
55.22
64.87
76.78
76.78
Basic Weighted Avg Shares
7
7
7
6
7
8
9
9
Sales/Revenue/Turnover
1,690
1,384
1,695
1,975
2,456
3,162
4,008
- -
Operating Margin (%)
3.24
3.58
3.85
4.67
4.29
3.7
4.06
- -
Depreciation Expense
3
3
2
4
10
16
14
- -
Net Income, GAAP
31
19
36
45
54
71
110
- -
Effective Tax Rate (%)
3.75
10.98
4.93
6.54
1.99
1.2
7.49
- -
Profit Margin (%)
1.84
1.38
2.13
2.29
2.19
2.24
2.73
- -
Working Capital
61
96
117
314
288
470
542
542
LT Debt
61
76
86
95
37
52
43
43
Total Equity
113
132
172
324
408
564
671
671
Return on Invested Capital (%)
- -
12.06
14.83
16.47
15.14
14.06
14.29
- -
Return on Capital (%)
- -
12.33
15.41
16.91
15.5
14.73
15.05
- -
Return on Common Equity (%)
- -
15.62
23.78
18.27
14.67
14.55
17.75
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
294
430
475
LT Borrowings
52
35
43
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
2,324
2,656
1,876

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
906
1,092
1,288
Cash, Cash Equivalents & STI
65
89
103
Accounts Receivable, Net
433
873
613
Inventories
- -
- -
- -
Total Current Liabilities
436
619
746
Payables & Accruals
- -
- -
- -
ST Debt
294
430
475
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.45%
19.02%
Free Cash Flow
- -
285.5%
-7.1%
Net Income, GAAP
- -
43.99%
55.02%
Sales/Revenue/Turnover
- -
23.77%
26.74%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,456
2025
- -
- -
3,162
2026
- -
- -
4,008

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7.45
2025
- -
- -
9.11
2026
- -
- -
12.73

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
0.1

Company Description

CEO
Tarang Raghuvir Goyal
Full Time Employees
130
Sector
Commercial services
Industry
Personnel services
Address
10th Floor, Jet Prime, Near .K. Tower, Old Airport Road, Santacruz (E) Mumbai MA India 400055
IPO Date
Nov 11, 2022
Business
Integrated Personnel Services Limited (IPSL.NS) provides end-to-end human resource management solutions, specializing in raising, leasing, and managing human capital through customized staffing and recruitment services across India. The company offers manpower outsourcing, contract staffing and flexi-staffing, permanent recruitment and executive search, recruitment process outsourcing, payroll management and processing, regulatory compliance solutions, HR consulting, vocational training, education and assessment services, IT staffing and augmentation, and international recruitment; it serves industries including infrastructure, heavy engineering, manufacturing, construction, energy and power, oil and gas, hospitality, petrochemicals and refineries, telecommunications, banking and finance, retail and FMCG, logistics, automobiles, and information technology. Founded in 2004 and headquartered in Mumbai, Maharashtra, the company operates through a pan-India network spanning over 600 locations, managing more than 35,000 associates with capabilities for both domestic and international deployments. In recent developments, Integrated Personnel Services completed its initial public offering on the NSE SME platform in November 2022, raising approximately Rs 12.74 crore to support growth and expansion initiatives. The company has pursued strategic enhancements in 2024-2025, including new appointments to its board of directors such as Tarang Goyal as Chairman and Managing Director, Sandeep Kaur Goyal as Whole Time Director, Raghuvir Prasad Goyal as Non-Executive Director, and Girish Kumar Joshi as Independent Director, alongside approvals for auditors and operational matters during board meetings. Further, it incorporated a new subsidiary, approved a Rs 50 million working capital limit with ICICI Bank, and addressed potential business restructuring, mergers, acquisitions, and policy amendments through extraordinary general meetings and board outcomes in 2025.