Alankit Limited (ALANKIT)
₹7.24 +0.56% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Alankit's revenue was ₹77.7 Cr (-14.4% year on year, -23.0% on the previous quarter), and net profit ₹5.3 Cr (-10.8% year on year); the operating margin was 8.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹77.7 | -14.4% | -23.0% |
| Operating profit | ₹6.3 | from loss | +39.5% |
| Net profit | ₹5.3 | -10.8% | +122.4% |
| EPS (₹) | 0.19 | +0.0% | +137.5% |
| Operating margin | 8.2% | — | — |
ALANKIT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 87.46% of the ALANKIT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.78%. That is higher than usual for this stock. Turnover was only ₹7 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 47.4% · 66.7% · 80.1% · 69.4% · 87.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Alankit Limited has entered into an agreement with the Global Legal Entity Identifier Foundation (GLEIF) on October 15, 2026. Under this partnership, the company has been recognized and authorized to operate as a Validation Agent for Legal Entity Identifiers (LEIs). No contract value, fee structure, or expected revenue contribution was disclosed in the filing. This expands Alankit's verification and e-governance service offerings alongside its existing TIN and UID services.
- Agreement executed with Global Legal Entity Identifier Foundation (GLEIF) on 15th October, 2026
- Authorised to act as a Validation Agent for Legal Entity Identifier issuance and verification
- Commercial terms, revenue model, and financial impact were not disclosed in the filing
Alankit Limited has approved the allotment of 1,65,00,000 equity shares of face value ₹1 each upon the conversion of warrants to Alka Agarwal, belonging to the Promoter Group. The warrants were converted at an issue price of ₹8.60 per share, mobilizing approximately ₹14.19 crore, which represents ~6.4% of the company's market cap of ₹220 crore. Consequent to this allotment, the paid-up equity share capital increases to ₹30,41,58,100 divided into 30,41,58,100 equity shares. The allotment modestly increases promoter skin in the game while slightly diluting existing minority shareholding.
- 1,65,00,000 equity shares of face value ₹1 allotted pursuant to warrant conversion
- Conversion price set at ₹8.60 per share, totaling ~₹14.19 crore
- Allotment made to promoter group entity Alka Agarwal
- Paid-up share capital expanded to ₹30,41,58,100 (30,41,58,100 shares of ₹1 each)
Alankit Limited has approved the allotment of 1.65 crore equity shares of face value Rs 1 each following the conversion of fully convertible warrants. The shares were allotted to promoter group member Alka Agarwal at an issue price of Rs 8.60 each, bringing in an aggregate capital value of approximately Rs 14.19 crore. Following this conversion, the company's paid-up equity share capital increases to Rs 28,76,58,100 (28.76 crore shares).
- Allotment of 1,65,00,000 equity shares upon conversion of warrants
- Warrant conversion executed at an issue price of Rs 8.60 per share
- Total capital inflow value of Rs 14.19 crore (approx. 6.6% of current market cap)
- Allottee is Alka Agarwal, belonging to the Promoter Group
- Paid-up equity share capital expanded to Rs 28,76,58,100
Alankit Limited has approved the allotment of 5,00,00,000 fully convertible warrants on a preferential basis to Alka Agarwal of the Promoter Group. The warrants are issued at Rs 8.60 each, generating an aggregate capital infusion of Rs 43 crore. This fundraise represents approximately 19.8% of the company's current market cap of Rs 217 crore and is priced at a premium to the current market price of Rs 7.60. Upon full conversion, the company's paid-up equity share capital will expand to Rs 32.12 crore comprising 32,11,58,100 shares.
- 5,00,00,000 Fully Convertible Warrants allotted on a preferential basis
- Issue price fixed at Rs 8.60 per warrant, representing a premium over the current share price of Rs 7.60
- Aggregate fundraise amount stands at Rs 43,00,00,000 (Rs 43 crore)
- Allotment made exclusively to Alka Agarwal, belonging to the Promoter Group
- Fully diluted paid-up equity share capital to reach Rs 32,11,58,100 (32.12 crore shares of Re 1 face value)
Alankit Limited has announced the voting results of its 37th Annual General Meeting held on September 08, 2026. Shareholders approved all 26 resolutions, including a key special resolution for the issuance of up to 10,00,00,000 fully convertible warrants on a preferential basis to promoters and the public. With 27.12 crore total equity shares outstanding, the issuance of 10 crore warrants represents a massive potential dilution of approximately 36.9% on an expanded equity base. Multiple related-party transactions involving subsidiaries were also cleared.
- Approved issuance of up to 10,00,00,000 fully convertible warrants to promoter group and public categories
- All 26 resolutions considered at the 37th AGM were passed with requisite majority
- Special resolution for warrant issuance received 99.93% approval of polled non-promoter votes (27.24 lakh votes in favour)
- Total shareholder count stood at 105,383 as of the August 31, 2026 record date
Alankit Limited's Board Management Committee on September 09, 2026, took on record a revised valuation report dated August 24, 2026. The revision by Independent Registered Valuer Bhavin R. Patel was carried out pursuant to instructions from the National Stock Exchange of India (NSE). The report relates to the valuation originally dated August 07, 2026, connected to its preferential issue disclosures. The company noted that all other particulars and details contained in the valuation report remain unchanged.
- Management Committee took on record the revised valuation report on September 09, 2026
- Revised report dated August 24, 2026 replaces/updates the earlier report dated August 07, 2026
- Revision was initiated specifically as per instructions issued by the NSE
- Valuation conducted by Independent Registered Valuer Mr. Bhavin R. Patel (IBBI/RV/05/2019/11668)
Alankit Limited conducted its 37th Annual General Meeting on September 08, 2026, attended by 85 members. The company transacted 26 items of business, which included standard adoption of FY26 financial statements and director re-appointment. Significant special business tabled included the issuance of up to 10,00,00,000 fully convertible warrants on a preferential basis to promoters and public categories, alongside 22 resolutions approving related-party transactions (RPTs) across subsidiaries. Final voting results will be declared separately within 48 hours.
- Conducted 37th AGM on September 08, 2026, with 85 members present (including 5 promoter group members)
- Tabled special resolution for issuing up to 10,00,00,000 fully convertible warrants to Promoter and Public categories
- Considered 22 separate resolutions approving related-party transactions across multiple subsidiaries and promoter entities
- Remote e-voting held between September 05, 2026 and September 07, 2026; final results to be published within 48 hours
At its 37th Annual General Meeting held on September 8, 2026, Alankit Limited shareholders approved the issuance of up to 10,00,00,000 fully convertible warrants on a preferential basis to promoters and public categories. Additionally, shareholders cleared extensive related party transactions (RPTs) spanning parent and subsidiary entities including Alankit Assignments, Alankit Finsec, and Verasys Limited. The adoption of FY26 standalone and consolidated financial statements and the re-appointment of Director Meera Lal were also approved.
- Approved issuance of up to 10,00,00,000 Fully Convertible Warrants to Promoter & Promoter Group and Public categories on a preferential basis
- Approval granted for 22 extensive related party transactions involving entities like Alankit Assignments, Verasys, and Alankit Finsec
- Re-appointment of Ms. Meera Lal (DIN: 08689247) as Non-Executive Director retiring by rotation approved
- Adoption of Audited Standalone and Consolidated Financial Statements for FY26 formally passed
Alankit Limited has appointed Finportal Investments Private Limited as its Investor Relations (IR) agency to provide IR advisory services effective September 02, 2026. The company also designated a dedicated email ID (investorrelations@alankit.com) for investor correspondence and queries. This is an administrative update intended to improve stakeholder communication and IR outreach.
- Appointed Finportal Investments Private Limited as IR Agency effective September 02, 2026
- Introduced dedicated investor contact email: investorrelations@alankit.com
- Filed under Regulation 30 of SEBI LODR Regulations on September 03, 2026
Alankit Limited has issued a notice for its 37th AGM on September 08, 2026, seeking approval for a significant Rs 86 crore fundraise. The company proposes to issue 10 crore fully convertible warrants at Rs 8.60 each, which is a premium to the current market price of Rs 8.20. This fundraise represents approximately 36.7% of the company's current market capitalization. Additionally, shareholders will vote on related party transactions (RPT) totaling Rs 87 crore with Alankit Assignments Limited, including a provision for loans/advances up to Rs 50 crore.
- Proposed issuance of 10,00,00,000 fully convertible warrants at an issue price of Rs 8.60 per warrant.
- Total fundraise of Rs 86 crore, equivalent to ~36.7% of the current market capitalization of Rs 234 crore.
- Warrants split equally with 5,00,00,000 units each for the Promoter (Alka Agarwal) and a Public investor (Ramesh Sawalram Saraogi).
- Approval sought for Related Party Transactions up to Rs 87 crore, including a Rs 50 crore limit for loans and advances.
- Warrant holders must pay 25% upfront (Rs 21.5 crore) with the balance 75% payable within 18 months upon conversion.
Alankit Limited has approved a preferential issue of 10 crore convertible warrants at Rs 8.60 each, aiming to raise Rs 86 crore, which represents approximately 36% of its current market capitalization. The promoter group will subscribe to 50% of this issue. Simultaneously, the company disclosed a significant consolidated Income Tax demand of Rs 179.32 crore for assessment years 2011-12 to 2020-21, which it is currently contesting. Q1 FY27 consolidated total comprehensive income saw a decline to Rs 1.69 crore compared to Rs 2.49 crore in the year-ago period.
- Approved preferential issue of 10,00,00,000 warrants at Rs 8.60 per warrant to raise Rs 86 crore.
- Disclosed a consolidated Income Tax demand of Rs 179.32 crore under section 156 for AY 2011-12 to 2020-21.
- Standalone Q1 FY27 revenue fell 15.3% YoY to Rs 23.07 crore from Rs 27.23 crore.
- Promoter group member Alka Agarwal to be allotted 5,00,00,000 warrants (50% of the issue).
- Consolidated total comprehensive income for Q1 FY27 decreased to Rs 1.69 crore from Rs 2.49 crore YoY.
Alankit Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The certificate, issued by the Registrar and Share Transfer Agent (RTA), Alankit Assignments Limited, confirms that physical share certificates received for dematerialization were processed and cancelled. The name of the depository has been substituted in the company's records as the registered owner. This is a standard procedural filing required for all listed companies to ensure the integrity of electronic shareholding records.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Certificate issued by Registrar & Share Transfer Agent on July 6, 2026
- Confirms mutilation and cancellation of physical certificates under Regulation 74(5)
- Filing submitted to exchanges on July 13, 2026
Alankit Limited has informed the stock exchanges that its trading window for dealing in company securities will be closed starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, regarding the upcoming financial results for the quarter ended June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the declaration of the unaudited standalone and consolidated financial results. The specific date for the board meeting to approve these results will be announced separately in due course.
- Trading window closure effective from July 1, 2026
- Closure relates to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the announcement of standalone and consolidated results
- Compliance with Clause 4 of Schedule B and Regulation 9 of SEBI Insider Trading Regulations
Alankit Limited's Board has approved the audited financial results for the fiscal year ended March 31, 2026. The report is overshadowed by a massive income tax demand of ₹179.32 crore covering multiple assessment years, which the company is currently appealing. Furthermore, the company reported significant write-offs of receivables totaling ₹13.13 crore and a related party property transaction worth ₹53.93 crore where the title is yet to be transferred. These 'Emphasis of Matter' items highlighted by the auditor suggest potential risks to future cash flows and asset valuation.
- Audited FY26 consolidated and standalone financial results approved with an unmodified auditor opinion.
- Significant contingent liability: Income tax demand of ₹17,932.61 lakhs (₹179.32 crore) for AY 2011-12 to 2020-21.
- Financial adjustments: ₹1,312.65 lakhs in trade receivables written off against ₹1,084.17 lakhs in payables written back.
- Related party transaction: ₹5,393.00 lakhs (₹53.93 crore) paid for immovable property with legal title transfer still pending.
- The Board meeting concluded at 2:15 P.M. on May 26, 2026, confirming the results for the full fiscal year.
Alankit Limited's promoter group, led by Ankit Agarwal, has submitted its annual declaration under SEBI Takeover Regulations for the financial year ending March 31, 2026. The filing confirms that the promoters and persons acting in concert have not created any encumbrance, directly or indirectly, on their shareholding during the period. This disclosure covers 11 promoter entities, including Alankit Assignments Limited and Alankit Finsec Limited. Such declarations are routine but essential for verifying that promoter stakes are not pledged against debt.
- Promoter group confirms zero encumbrance on shares for the entire Financial Year 2025-26.
- The declaration is made in compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- A total of 11 promoter and promoter group entities are covered under this non-encumbrance certificate.
- The filing ensures transparency regarding the stability of the promoter's equity stake in the company.
Financial Performance
Revenue Growth by Segment
Total revenue grew 27.7% YoY to INR 301.06 Cr. Segment B (Product Sale) grew 112% YoY to INR 137.91 Cr for the half-year ended September 2025. Segment A (Services) grew 30% YoY to INR 38.26 Cr. Segment C (Financial Services) declined 35% YoY to INR 10.78 Cr.
Geographic Revenue Split
The company maintains a wide domestic network across major parts of India and an international presence in the UK, UAE, and Singapore, though specific percentage splits per region are not disclosed.
Profitability Margins
Net Profit Margin for FY25 was 7.20%, a decline from 9.33% in the previous year. Profit After Tax (PAT) stood at INR 21.67 Cr compared to INR 21.98 Cr in the prior year.
EBITDA Margin
EBITDA margin was recorded at 14% in FY20 (INR 21.8 Cr). For Q1 FY21, the EBITDA margin improved to 17.69% (INR 4.9 Cr), up 107 bps YoY.
Capital Expenditure
The company invested INR 12.30 Cr in Alankit Imagination Limited during FY21 to establish a discount brokerage business. Total investment in subsidiaries stood at INR 40.68 Cr as of March 2022.
Credit Rating & Borrowing
The company utilizes working capital limits of INR 5 Cr, which remain almost fully utilized. Debt-Equity ratio improved to 0.04x from 0.15x, indicating low leverage.
Operational Drivers
Raw Materials
Inventory for product sales (INR 0.58 Cr in Q1 FY21) primarily consists of IT-enabled products and e-governance hardware; specific material components are not disclosed.
Key Suppliers
Key partners and service providers include NSDL, UIDAI, Income Tax Department, UTI, NASSCOM, State Bank of India, Bank of Baroda, Axis Bank, and IDBI Bank.
Capacity Expansion
Expansion is focused on digital infrastructure, specifically the 'World' digital platform for investing and the transition of brokerage business to Alankit Imagination Limited.
Raw Material Costs
Not applicable as a service-oriented business; however, product sale segment costs are reflected in the segment results which showed a profit of INR 3.94 Cr on INR 137.91 Cr revenue (2.8% margin) for H1 FY26.
Manufacturing Efficiency
Not applicable; service efficiency is managed through a geographically wide network of business centers and regional offices.
Logistics & Distribution
Distribution is handled through a large network of PAN centers and business centers across India.
Strategic Growth
Expected Growth Rate
16.09%
Growth Strategy
Growth is targeted through the expansion of the discount brokerage business via Alankit Imagination Limited, leveraging partnerships with Drive Wealth and Stockal for the 'World' digital platform, and increasing penetration in e-governance services like GST Suvidha and Digital Signature Certificates.
Products & Services
PAN card applications, TAN, e-TDS filing, UID (Aadhaar) services, Digital Signature Certificates, GST Suvidha Provider services, and discount brokerage investing.
Brand Portfolio
Alankit, Alankit Imagination, World (Digital Platform).
New Products/Services
Discount brokerage services and the 'World' digital platform for international investing are expected to diversify revenue streams.
Market Expansion
Focus on increasing overseas presence in Singapore, UAE, and UK to capture NRI and international service demand.
Market Share & Ranking
Market leader in Tax Information Network (TIN) facilitation (PAN, TAN, e-TDS) and other services like UID, P2F, and NSR.
Strategic Alliances
Partnerships with Drive Wealth and Stockal for digital investing platforms; associations with leading banks (SBI, Axis, IDBI) for service delivery.
External Factors
Industry Trends
The e-governance industry is shifting toward integrated digital platforms and paperless compliance. Alankit is positioning itself as a 'one-stop-shop' for government and financial services.
Competitive Landscape
Faces competition from new fintech startups in the brokerage space and other authorized e-governance service providers.
Competitive Moat
The moat is built on a massive physical and digital distribution network (PAN centers) and long-standing licenses from government bodies, which are difficult for new entrants to replicate quickly.
Macro Economic Sensitivity
Highly sensitive to government policy changes regarding digital identity and tax compliance frameworks.
Consumer Behavior
Increasing consumer preference for digital-first financial services and online tax compliance.
Geopolitical Risks
Operations in UK, UAE, and Singapore expose the company to international regulatory changes and trade dynamics.
Regulatory & Governance
Industry Regulations
Operations are governed by NSDL, UIDAI, and Income Tax Department regulations. Compliance with SEBI (LODR) and the Companies Act 2013 is integrated into the governance framework.
Taxation Policy Impact
The company follows standard Indian corporate tax rates; specific effective tax rate not disclosed.
Legal Contingencies
An exceptional item of INR 5.92 Cr was recorded in March 2025 for a settlement amount paid to a vendor following a commercial dispute determined under arbitration.
Risk Analysis
Key Uncertainties
Dependence on government schemes is the primary risk; any policy shift could impact the core e-governance revenue. Exposure to subsidiaries (40.44% of net worth) is a key monitorable for credit ratings.
Geographic Concentration Risk
While present internationally, the bulk of revenue is derived from the Indian domestic market, specifically government-linked services.
Third Party Dependencies
Heavy reliance on NSDL and UIDAI for the authority to process applications.
Technology Obsolescence Risk
Risk of digital platforms becoming obsolete if not updated; company is mitigating this through the 'World' platform and IT-enabled service investments.
Credit & Counterparty Risk
Large receivables from various customers lead to high utilization of working capital limits.
