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Last Updated: April 2, 2026, 3:50 am
Author: Getaka|Social: XLinkedIn

Trejhara Solutions Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹81.99Overvalued by 43.46%vs CMP ₹145.00

P/E (53.6) × ROE (1.8%) × BV (₹103.00) × DY (2.00%)

₹58.21Overvalued by 59.86%vs CMP ₹145.00
MoS: -149.1% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹68.7626%Over (-52.6%)
Graham NumberEarnings₹94.4618%Over (-34.9%)
DCFCash Flow₹21.0315%Over (-85.5%)
Net Asset ValueAssets₹102.568%Over (-29.3%)
EV/EBITDAEnterprise₹33.2910%Over (-77%)
Earnings YieldEarnings₹38.508%Over (-73.4%)
ROCE CapitalReturns₹26.588%Over (-81.7%)
Revenue MultipleRevenue₹49.336%Over (-66%)
Consensus (8 models)₹58.21100%Overvalued
Key Drivers: EPS CAGR -16.1% drags value — could be higher if earnings stabilize. | ROE 1.8% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -16.1%

*Investments are subject to market risks

Investment Snapshot

46
Trejhara Solutions Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 3.0% WeakROE 1.8% WeakD/E 0.05 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money40/100 · Moderate
FII holding down -1.78% (6mo) SellingPromoter increased by 10.82% Positive
Earnings Quality30/100 · Weak
OPM contracting (19% → 10%) DecliningWorking capital: 1,260 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +146% YoY AcceleratingProfit (4Q): -54% YoY DecliningOPM: 6.2% (down 19.2% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 53.6 vs industry 98.1 Cheaper than peersROCE 3.0% vs industry 14.9% Below peersROE 1.8% vs industry 21.0% Below peers3Y sales CAGR: 26% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:50 am

Market Cap 341 Cr.
Current Price 145
Intrinsic Value₹58.21
High / Low 300/140
Stock P/E53.6
Book Value 103
Dividend Yield0.00 %
ROCE2.99 %
ROE1.82 %
Face Value 10.0
PEG Ratio-3.32

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Trejhara Solutions Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Trejhara Solutions Ltd 341 Cr. 145 300/14053.6 1030.00 %2.99 %1.82 % 10.0
Cybertech Systems & Software Ltd 337 Cr. 108 275/95.310.2 61.93.70 %19.4 %14.9 % 10.0
Inspirisys Solutions Ltd 297 Cr. 75.0 121/66.67.25 17.10.00 %23.8 %69.6 % 10.0
3i Infotech Ltd 297 Cr. 14.3 26.0/12.65.07 15.80.00 %4.94 %8.28 % 10.0
Tera Software Ltd 391 Cr. 313 599/19619.0 1070.32 %11.3 %8.04 % 10.0
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Trejhara Solutions Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 17.295.744.036.036.366.436.0525.786.429.5632.6433.9333.81
Expenses 12.315.913.183.453.646.504.7624.304.797.8630.5331.7431.71
Operating Profit 4.98-0.170.852.582.72-0.071.291.481.631.702.112.192.10
OPM % 28.80%-2.96%21.09%42.79%42.77%-1.09%21.32%5.74%25.39%17.78%6.46%6.45%6.21%
Other Income -0.17-311.734.562.760.2612.100.911.270.290.900.183.840.75
Interest 0.161.540.600.360.050.020.080.070.04-0.030.230.190.31
Depreciation 0.261.631.121.070.950.940.941.000.970.960.990.991.02
Profit before tax 4.39-315.073.693.911.9811.071.181.680.911.671.074.851.52
Tax % 21.41%-1.64%-6.50%1.28%21.21%6.50%22.03%23.81%27.47%63.47%36.45%26.39%21.05%
Net Profit 3.45-309.913.943.861.5710.350.911.290.660.610.673.571.21
EPS in Rs 2.92-262.273.333.271.087.130.630.890.450.420.462.460.51

Last Updated: March 3, 2026, 2:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 6:41 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 88775854582269116110
Expenses 73614840442061109102
Operating Profit 14161014143978
OPM % 17%21%17%27%25%13%13%6%7%
Other Income 06422-3021946
Interest 565222111
Depreciation 211112444
Profit before tax 71581314-3042379
Tax % 4%20%16%13%20%-1%6%36%
Net Profit 71271111-2992146
EPS in Rs 10.405.879.399.28-253.1514.602.923.85
Dividend Payout % 0%5%0%0%5%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)71.43%-41.67%57.14%0.00%-2818.18%107.02%-80.95%
Change in YoY Net Profit Growth (%)0.00%-113.10%98.81%-57.14%-2818.18%2925.21%-187.98%

Trejhara Solutions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-13%
3 Years:-21%
TTM:25%
Compounded Profit Growth
10 Years:%
5 Years:-14%
3 Years:-33%
TTM:21%
Stock Price CAGR
10 Years:%
5 Years:79%
3 Years:41%
1 Year:-27%
Return on Equity
10 Years:%
5 Years:-2%
3 Years:-8%
Last Year:1%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: January 7, 2026, 4:34 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.0011.8211.8211.8211.8211.8223.5123.5123.51
Reserves 390.07394.32440.94447.32463.52186.47207.54212.46217.69
Borrowings 80.4755.5833.6634.0724.4420.613.868.279.71
Other Liabilities 45.5370.05109.8587.12110.46127.5123.2319.4116.24
Total Liabilities 516.07531.77596.27580.33610.24346.41258.14263.65267.15
Fixed Assets 4.073.372.462.281.3432.4628.3132.0930.65
CWIP 106.80113.61145.93142.97147.5043.365.850.000.00
Investments 0.090.090.090.090.090.090.000.000.00
Other Assets 405.11414.70447.79434.99461.31270.50223.98231.56236.50
Total Assets 516.07531.77596.27580.33610.24346.41258.14263.65267.15

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -163616-01719-1225
Cash from Investing Activity + -2-7-63-6-10136-6
Cash from Financing Activity + 17-28-9-3-11-8-153
Net Cash Flow -1-01-101-12
Free Cash Flow -18289-0168-1255
CFO/OP -108%233%166%14%138%756%-1,358%132%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-66.47-39.58-23.66-20.07-10.44-17.615.14-1.27

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 172.68140.37165.81157.71157.02283.31216.92103.95
Inventory Days
Days Payable
Cash Conversion Cycle 172.68140.37165.81157.71157.02283.31216.92103.95
Working Capital Days 794.40985.311,434.661,619.251,532.97799.651,653.121,259.55
ROCE %4.59%2.77%2.99%3.08%0.25%1.66%2.37%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Feb 2026
Promoters 29.99%29.99%28.33%23.06%23.06%23.06%23.06%23.06%23.06%23.06%23.06%33.88%
FIIs 0.03%0.03%0.00%0.00%0.00%1.38%1.38%1.43%1.78%1.39%0.05%0.00%
DIIs 0.22%0.22%0.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 69.75%69.75%71.46%76.93%76.94%75.55%75.55%75.50%75.14%75.54%76.87%66.12%
No. of Shareholders 14,34211,90910,94210,4259,97210,17910,10310,0129,8929,7679,7009,571

Shareholding Pattern Chart

No. of Shareholders

Trejhara Solutions Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.8015.51-253.159.289.39
Diluted EPS (Rs.) 1.8015.51-253.159.289.39
Cash EPS (Rs.) 5.6816.39-178.0710.3210.61
Book Value[Excl.RevalReserv]/Share (Rs.) 156.36152.38152.04386.50388.56
Book Value[Incl.RevalReserv]/Share (Rs.) 156.36152.38152.04386.50388.56
Revenue From Operations / Share (Rs.) 79.7415.7458.1849.4045.91
PBDIT / Share (Rs.) 7.695.3313.2213.9713.61
PBIT / Share (Rs.) 4.932.53-61.8612.9312.39
PBT / Share (Rs.) 4.5710.32-254.6911.5810.76
Net Profit / Share (Rs.) 2.9213.58-253.159.289.39
NP After MI And SOA / Share (Rs.) 2.9213.58-253.159.289.39
PBDIT Margin (%) 9.6433.8622.7228.2829.64
PBIT Margin (%) 6.1816.06-106.3126.1726.99
PBT Margin (%) 5.7265.54-437.7523.4523.42
Net Profit Margin (%) 3.6686.30-435.0918.7820.46
NP After MI And SOA Margin (%) 3.6686.30-435.0918.7820.46
Return on Networth / Equity (%) 1.868.91-166.492.402.41
Return on Capital Employeed (%) 3.001.64-33.353.062.99
Return On Assets (%) 1.608.18-86.351.791.91
Long Term Debt / Equity (X) 0.000.000.090.030.05
Total Debt / Equity (X) 0.020.000.100.050.05
Asset Turnover Ratio (%) 0.450.070.140.090.07
Current Ratio (X) 5.536.921.233.223.66
Quick Ratio (X) 5.536.921.233.223.66
Interest Coverage Ratio (X) 21.077.527.0910.408.31
Interest Coverage Ratio (Post Tax) (X) 9.012.65-32.337.916.73
Enterprise Value (Cr.) 257.41217.6280.91104.1760.71
EV / Net Operating Revenue (X) 2.229.521.181.781.12
EV / EBITDA (X) 23.0728.135.186.313.77
MarketCap / Net Operating Revenue (X) 2.319.580.931.380.64
Price / BV (X) 1.180.980.350.170.07
Price / Net Operating Revenue (X) 2.319.580.931.380.64
EarningsYield 0.010.09-4.670.130.31

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Trejhara Solutions Ltd. is a Public Limited Listed company incorporated on 10/03/2017 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72900MH2017PLC292340 and registration number is 292340. Currently company belongs to the Industry of IT Consulting & Software. Company's Total Operating Revenue is Rs. 101.36 Cr. and Equity Capital is Rs. 14.52 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareUnit No. 601, Sigma IT Park, New Mumbai Maharashtra 400701Contact not found
Management
NamePosition Held
Mr. Amit ShethChairman & Wholetime Director
Mr. Paresh ZaveriNon Executive Director
Mr. Snehal PanditNon Executive Director
Dr. Mahendra MehtaInd. Non-Executive Director
Mr. Tushar RanparaInd. Non-Executive Director
Ms. Chetana DasareInd. Non-Executive Director

FAQ

What is the intrinsic value of Trejhara Solutions Ltd and is it undervalued?

As of 13 April 2026, Trejhara Solutions Ltd's intrinsic value is ₹58.21, which is 59.86% lower than the current market price of ₹145.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.82 %), book value (₹103), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Trejhara Solutions Ltd?

Trejhara Solutions Ltd is trading at ₹145.00 as of 13 April 2026, with a FY2026-2027 high of ₹300 and low of ₹140. The stock is currently near its 52-week low. Market cap stands at ₹341 Cr..

How does Trejhara Solutions Ltd's P/E ratio compare to its industry?

Trejhara Solutions Ltd has a P/E ratio of 53.6, which is below the industry average of 98.13. This is broadly in line with or below the industry average.

Is Trejhara Solutions Ltd financially healthy?

Key indicators for Trejhara Solutions Ltd: ROCE of 2.99 % is on the lower side compared to the industry average of 14.90%; ROE of 1.82 % is below ideal levels (industry average: 21.00%). Dividend yield is 0.00 %.

Is Trejhara Solutions Ltd profitable and how is the profit trend?

Trejhara Solutions Ltd reported a net profit of ₹4 Cr in Mar 2025 on revenue of ₹116 Cr. Compared to ₹11 Cr in Mar 2022, the net profit shows a declining trend.

Does Trejhara Solutions Ltd pay dividends?

Trejhara Solutions Ltd has a dividend yield of 0.00 % at the current price of ₹145.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Trejhara Solutions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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