Kellton Tech Solutions Limited (KELLTONTEC)
₹12.43 +2.47% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Kellton Tech's revenue was ₹316 Cr (+6.8% year on year, +0.5% on the previous quarter), and net profit ₹22.3 Cr (-1.5% year on year); the operating margin was 10.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹316 | +6.8% | +0.5% |
| Operating profit | ₹34.4 | -2.0% | +37.6% |
| Net profit | ₹22.3 | -1.5% | +11.6% |
| EPS (₹) | 0.42 | -9.5% | +13.5% |
| Operating margin | 10.9% | — | — |
EPS restated for the ₹5 to ₹1 split of Jul 2025: Q1 FY26 ₹2.32 to ₹0.46.
KELLTONTEC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 37.5% of the KELLTONTEC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 43.71%. That is close to its usual level.
Delivery in the last 5 sessions: 47.9% · 37.4% · 31.4% · 43.0% · 37.5%
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
Kellton Tech Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent (RTA) XL Softech Systems Limited on October 03, 2026, confirms that security certificates received for dematerialization were processed, confirmed, and mutilated within the stipulated 30-day window. This is a mandatory, procedural quarterly filing with no impact on the company's financial operations or revenue.
- Quarterly dematerialization certificate submitted for the quarter ended September 30, 2026
- RTA confirmation issued by XL Softech Systems Limited on October 03, 2026
- Dematerialization requests confirmed and processed within the required 30-day timeline
Kellton Tech Solutions concluded its 32nd Annual General Meeting on September 30, 2026. A key resolution presented to shareholders was approval for raising funds via Foreign Currency Convertible Bonds (FCCBs) aggregating up to USD 50 Million (approximately ₹415-420 Cr) in one or more tranches. At this size, the potential fundraise represents over 60% of the company's current market cap of ₹694 Cr and is intended to fund opportunistic deep tech acquisitions. Voting results from the scrutinizer will be declared separately.
- AGM held on September 30, 2026, commencing at 11:00 AM and concluding at 11:50 AM IST
- Special resolution tabled to approve raising up to USD 50 Million via FCCBs on a private placement basis
- Proposed fundraise (~₹415 Cr) represents over 60% of the current market cap of ₹694 Cr
- Re-appointment of Ms. Geeta Goti as Independent Woman Director for a 5-year term from Sept 2027 to Sept 2032
Kellton Tech Solutions reported that a notice from the National Stock Exchange (NSE) regarding a fine for delayed compliance with Regulation 31(1) (shareholding pattern) was reviewed by its Board on September 23, 2026. The Board noted the non-compliance and was briefed on corrective internal measures undertaken by management. Instructions have been issued to the compliance department to ensure adherence to reporting timelines to prevent recurrence. The specific financial penalty amount was not disclosed in the document.
- NSE issued a notice regarding delayed compliance under SEBI Regulation 31(1)
- Board of Directors reviewed the matter at its meeting held on September 23, 2026
- Company Secretary Rahul Jain signed the filing on September 23, 2026
- Specific fine amount levied by the exchange was not disclosed
Kellton Tech Solutions has received board approval on September 23, 2026, to raise funds through a Rights Issue of equity shares of face value ₹1 each. The total issue size, issue price, entitlement ratio, and record date are yet to be determined by the board. The company currently has a market capitalization of ₹740 Cr and debt of ₹86 Cr. Proceeds will likely support strategic needs, though detailed utilization plans remain pending notification.
- Board approved raising funds via Rights Issue of equity shares on September 23, 2026
- Equity shares proposed to be issued carry a face value of ₹1 each
- Issue size, price, and rights entitlement ratio remain not disclosed and will be decided subsequently
- Board meeting commenced at 11:00 AM IST and concluded at 11:55 AM IST
Kellton Tech Solutions has been chosen by an unnamed automotive finance company to build an enterprise loan integration platform. The platform aims to connect origination, customer management, credit assessment, and servicing systems with external data providers. However, the commercial value and execution timeline of the contract were not disclosed in the filing. Without disclosed financials, its materiality relative to Kellton's TTM revenue of ₹1,237 crore cannot be quantified.
- Announcement dated September 15, 2026, details a new client engagement in automotive lending technology.
- Project scope covers integrating loan origination, credit assessment, servicing, and external verification systems.
- Commercial deal value and execution duration were not disclosed.
- Kellton highlights delivery capability supported by an employee base of over 2,000 professionals.
Kellton Tech Solutions won First Prize at SEBI's Securities Market TechSprint 2026 for its Agentic AI compliance solution, 'NIYAMA'. The solution was selected out of 525 national teams and 340 working prototypes evaluated during the competition. While this win validates Kellton's engineering capabilities in AI and BFSI RegTech, no direct revenue or commercial contract values were disclosed in the filing. The company recorded TTM revenues of Rs 1,237 Cr with an operating margin of 10.9%.
- Won First Prize out of 525 registered teams across India at SEBI's TechSprint 2026
- Developed prototype 'NIYAMA' that was shortlisted among 340 submissions and 25 jury finalists
- Solution targets Agentic Compliance to translate regulatory text into machine-actionable code
- No commercial order value or revenue contribution was disclosed in the filing
Kellton Tech Solutions Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 under SEBI LODR Regulation 34(2)(f). The filing discloses a total standalone workforce of 1,448 employees (1,184 permanent and 264 non-permanent) with a permanent employee turnover rate of 22%. Exports contributed 50% of total standalone turnover across 7 international countries and 28 Indian states. This is a routine annual ESG disclosure filing and has no impact on the company's financial operations or near-term performance.
- Standalone total employee count stood at 1,448 as of March 31, 2026 (1,184 permanent and 264 other than permanent)
- Permanent employee turnover rate was 22% in FY25-26, compared to 19% in FY24-25 and 33% in FY23-24
- Exports accounted for 50% of the total turnover, serving 7 international countries and 28 states domestically
- Women representation stood at 12.50% on the Board of Directors (1 out of 8) and 0% among Key Management Personnel
Kellton Tech Solutions has issued the Notice for its 32nd Annual General Meeting scheduled for September 30, 2026. Among key agenda items, the company seeks shareholder approval to raise up to USD 50 million (approx. Rs 415-420 crore) via Foreign Currency Convertible Bonds (FCCBs) on a private placement basis. Additionally, it proposes enhancing its borrowing limits under Section 180(1)(c) up to INR 750 crore. The proposed USD 50M fundraise represents over 55% of the company's current market cap of Rs 743 crore, signaling potential dilution or capital for inorganic expansion.
- AGM scheduled for September 30, 2026 via Video Conferencing with e-voting cut-off on September 23, 2026
- Special resolution proposed to raise funds via FCCBs up to USD 50 million in one or more tranches
- Borrowing limit proposed to be enhanced up to INR 750 crore under Section 180(1)(c)
- Proposed reappointment of Ms. Geeta Goti as Independent Director for a 5-year term from Sep 6, 2027 to Sep 5, 2032
Kellton Tech Solutions has approved raising up to USD 50 million (approximately ₹415–420 crore) through the issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis in one or more tranches. Relative to the company's current market capitalisation of ₹749 crore and net worth of ₹305 crore, this represents a sizeable capital-raising initiative. The proposed issuance remains subject to regulatory and shareholder approvals at the upcoming AGM scheduled for September 30, 2026.
- Approved fundraise via FCCBs on private placement basis for an aggregate amount up to USD 50 Million
- Proposed fundraise is subject to shareholder and statutory/regulatory approvals
- Re-appointment of Srinivas Potluri as Director retiring by rotation approved
- Recommended re-appointment of Geeta Goti as Independent Woman Director for a 5-year term starting September 06, 2027
- Annual General Meeting (AGM) scheduled for September 30, 2026 via video conference
Kellton Tech Solutions has been selected by a major U.S. healthcare administration and claims management firm to build an AI-driven enterprise claims management platform. The engagement will integrate healthcare, dental, and workers' compensation claims into a unified enterprise system. While contract size and execution duration were not disclosed, the deal strengthens Kellton's high-margin healthcare digital transformation portfolio across its 2,000+ professional team.
- Selected to design and build an AI-driven enterprise claims management platform for a leading U.S. healthcare company
- Engagement unifies healthcare, dental, and workers' compensation claims across the entire lifecycle
- Deal value and execution timeline were not disclosed in the announcement
- Kellton operates with a global team of over 2,000 professionals across North America, Europe, the Middle East, and Asia
Kellton Tech Solutions has been awarded the Emerging Excellence Award by the Asian Development Bank (ADB) at its 5th IDIQ Vendor Summit. The recognition reflects Kellton's expanding role under ADB's Indefinite Delivery/Indefinite Quantity (IDIQ) framework during 2025-26. Kellton stated it expects to grow this engagement into a $5 million (~₹41.5 Cr) strategic account. Relative to Kellton's TTM revenue of ₹1,237 Cr, the target account potential represents approximately 3.4% of annual turnover.
- Received Emerging Excellence Award from Asian Development Bank at the 5th IDIQ Vendor Summit
- Expects to scale the ADB engagement into a $5 million strategic technology account
- Targeted $5 million size equates to ~3.4% of Kellton's TTM revenue of ₹1,237 Cr
- Recognised among the fastest-growing technology vendors under ADB's IDIQ framework during 2025–26
Kellton Tech Solutions Limited has issued newspaper advertisements regarding a special window for the re-lodgement of physical shares. This is a procedural filing in compliance with Regulation 47 of SEBI (LODR) Regulations, 2015. The notices were published in Business Standard and Mana Telangana on August 06, 2026. This administrative update has no impact on the company's TTM revenue of ₹1,217 Cr or its operational outlook.
- Notice published in 2 newspapers: Business Standard (English) and Mana Telangana (Telugu)
- Compliance with SEBI (LODR) Regulation 47 regarding physical share re-lodgement
- Announcement date of August 06, 2026, for the special window
- Company maintains a TTM revenue of ₹1,217 Cr and a market cap of ₹363 Cr
Kellton Tech reported Q1 FY27 revenue of ₹316 crore, a 7% year-on-year increase, with an EBITDA of ₹35 crore (11.1% margin). The company secured several high-profile wins, including a Fortune India 500 conglomerate and a Middle East energy infrastructure firm. Management highlighted a predictable revenue stream for the next 9 months based on the current order book. Key operational milestones include the completion of a digital oil field project for Oil India across 46 sites and the launch of AI-focused platforms like Phoenix.ai and Structi.ai.
- Reported Q1 FY27 revenue of ₹316 crore, representing approximately 26% of TTM revenue.
- Achieved a PAT of ₹22.3 crore for the quarter with an EPS of ₹0.42.
- Confirmed order book visibility for the next 9 months, providing short-term revenue predictability.
- Successfully deployed the Optima digital oil fields platform for Oil India across 46 sites and 80 wells in under 6 months.
- Launched Phoenix.ai, an accelerator claiming to modernize legacy systems 80% faster at half the cost.
Kellton Tech Solutions has submitted copies of newspaper advertisements regarding its unaudited financial results for the quarter ended June 30, 2026. The notices were published in Business Standard (English) and Mana Telangana (Telugu) on July 27, 2026. This is a standard procedural filing under SEBI Regulation 47. The company currently maintains a TTM revenue of ₹1,217 Cr and a market capitalization of ₹364 Cr.
- Publication date of newspaper notices: July 27, 2026
- Reporting period covered: Quarter ended June 30, 2026
- Compliance reference: Regulation 47 of SEBI (LODR) Regulations, 2015
- TTM Revenue as per context: ₹1,217 Cr
Kellton Tech Solutions has released the audio recording of its earnings conference call for the quarter ended June 30, 2026. This is a standard regulatory disclosure following the announcement of quarterly financial results. Investors can access the management's discussion on the company's TTM revenue of ₹1,217 Cr and its strategy for digital transformation, which currently contributes 83% of total revenue. The filing provides transparency into management's outlook on its 12% expected growth rate and ongoing deep-tech acquisition plans.
- Audio recording made available for the quarter ended June 30, 2026
- Company maintains a TTM revenue of ₹1,217 Cr and TTM PAT of ₹92 Cr
- Digital Transformation services represent 83% of the company's revenue mix
- Market capitalization stands at ₹361 Cr with a low P/E ratio of 3.9
- Management continues to target a 12% annual growth rate through organic and inorganic routes
Financial Performance
Revenue Growth by Segment
The Digital Transformation segment is the primary driver, contributing 83% of total revenue. Overall revenue for Q2 FY26 reached INR 3,009 Mn, representing an 11.1% YoY growth compared to INR 2,709 Mn in Q2 FY25. H1 FY26 revenue stood at INR 5,971 Mn, up 12.0% YoY from INR 5,333 Mn.
Geographic Revenue Split
While specific percentage splits are not provided, the company notes a strong brand presence in India and is actively investing to expand its footprint outside India. Foreign operations are managed through subsidiaries like Kellton Tech Solutions Inc. and Kellton Tech Inc. (USA).
Profitability Margins
Profitability showed an upward trend in Q2 FY26: Operating (EBITDA) margin rose to 12.6% from 12.1% YoY, and Net (PAT) margin improved to 8.0% from 7.2% YoY. H1 FY26 PAT margin was 7.8% compared to 7.4% in H1 FY25.
EBITDA Margin
EBITDA margin for Q2 FY26 was 12.6%, a 50 bps increase YoY. Absolute EBITDA grew 15.6% YoY to INR 378 Mn. Management has set a long-term target of 20% EBITDA margin by optimizing overheads and leveraging economies of scale in acquired entities.
Capital Expenditure
Not explicitly disclosed in absolute INR Cr for future periods, but the company is deploying funds from the first round of FCCB and seeking a new round of FCCB primarily for acquisitions and working capital requirements.
Credit Rating & Borrowing
The company utilizes FCCB (Foreign Currency Convertible Bonds) for low-cost funding. It also carries promoter loans of INR 22.94 Cr and subsidiary loans of INR 4.58 Cr as of May 2024.
Operational Drivers
Raw Materials
As a technology services firm, the primary 'raw material' is human capital, consisting of a curated team of 1800+ employees, which accounts for the bulk of operational costs.
Import Sources
Not applicable as the company is a service provider; however, talent is primarily sourced from India with global delivery capabilities.
Key Suppliers
Not applicable for IT services; the company relies on technology partners for Cloud and DevOps services.
Capacity Expansion
Current capacity is defined by its 1800+ employee base. Expansion is driven by 'team augmentation' and 'curated team' expansion to support new digital transformation projects.
Raw Material Costs
Employee benefit expenses are the primary cost. Total expenses for FY25 were INR 9,702 Mn against a revenue of INR 10,978 Mn (approx. 88% of revenue).
Manufacturing Efficiency
Not applicable; efficiency is measured by project delivery, such as the successful iPaaS implementation across 10 countries and 1,500+ stores for a global food services client.
Logistics & Distribution
Not applicable; services are delivered digitally or through onsite team augmentation.
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
Growth is driven by a two-pronged strategy: organic expansion in Digital Transformation (83% of revenue) and inorganic growth through 'opportunistic buys' of deep tech companies. The company uses FCCB proceeds to acquire firms with single-digit EBITDA margins and aims to scale them to higher profitability within 6-12 months by removing redundant overheads.
Products & Services
Digital Transformation services, Product Development, AR/VR, AI/ML, Web3, Data Analytics, Cloud & DevOps, and iPaaS (Integration Platform as a Service).
Brand Portfolio
Kellton, Kellton Tech.
New Products/Services
Next-generation integration platform (iPaaS) recently implemented for a global food services enterprise; expected to drive recurring service revenue.
Market Expansion
Targeting global markets outside India where brand awareness is currently low, supported by increased marketing spend and international acquisitions.
Strategic Alliances
Not specifically named in the documents, though the company operates as a technology consulting partner for global enterprises.
External Factors
Industry Trends
The industry is shifting toward AI/ML and Web3 integration. Kellton is positioning itself as a CMMI Level 5 provider to capture high-end digital transformation projects, which currently grow at a 12% YoY rate for the company.
Competitive Landscape
Competes with global and Indian IT service providers in the digital transformation and product engineering space.
Competitive Moat
Moat is built on high-level certifications (CMMI Level 5) and specialized expertise in emerging tech (Web3, AI). This provides a competitive advantage in securing complex, large-scale global contracts that require high process maturity.
Macro Economic Sensitivity
Sensitive to global IT spending trends and digital transformation budgets of large enterprises.
Consumer Behavior
Enterprise shift toward 'Digital First' strategies is driving demand for Kellton's core services.
Geopolitical Risks
Exposure to international trade regulations and data protection laws (e.g., GDPR) across the 10 countries where it recently deployed iPaaS solutions.
Regulatory & Governance
Industry Regulations
Compliant with SEBI LODR Regulation 30 for material disclosures and Companies Act 2013 for internal financial controls. Adheres to global data protection policies.
Taxation Policy Impact
Effective tax rate is approximately 17-20% based on H1 FY26 PBT of INR 561 Mn and PAT of INR 468 Mn.
Legal Contingencies
The company reported no pending proceedings under the Insolvency and Bankruptcy Code, 2016. Related party transactions include office rent of INR 2.21 Cr paid to relatives of KMP.
Risk Analysis
Key Uncertainties
Equity dilution risk is high; the conversion of FCCB Round 1 into equity resulted in flat EPS (0.42) despite a 23% increase in PAT, impacting shareholder returns.
Geographic Concentration Risk
High dependence on the Indian market for brand recognition, with a strategic need to diversify revenue from international geographies.
Third Party Dependencies
Dependency on specialized tech talent; any increase in attrition could impact the delivery of high-margin AI/ML projects.
Technology Obsolescence Risk
Risk of rapid shifts in tech stacks (e.g., Web3, AI); mitigated by continuous investment in a 'curated team' and deep tech acquisitions.
Credit & Counterparty Risk
Working capital risk due to 'stretched' payment cycles from large clients like LIC, which could impact liquidity if not managed via FCCB or other borrowings.
