Silver Touch Technologies Limited (SILVERTUC)
₹128.54 -0.56% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Silver Touch's revenue was ₹71.5 Cr (+23.2% year on year, -28.2% on the previous quarter), and net profit ₹10.1 Cr (+135.9% year on year); the operating margin was 21.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹71.5 | +23.2% | -28.2% |
| Operating profit | ₹15.1 | +68.0% | -26.6% |
| Net profit | ₹10.1 | +135.9% | -23.6% |
| EPS (₹) | 0.80 | +150.0% | -23.1% |
| Operating margin | 21.2% | — | — |
SILVERTUC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 44.59% of the SILVERTUC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 37.78%. That is close to its usual level. Volume was 0.4 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 45.7% · 36.3% · 32.2% · 45.2% · 44.6%
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
Silver Touch Technologies Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter and half-year ended September 30, 2026. The certificate was issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, dated October 3, 2026. It confirms that share certificates received for dematerialisation during the quarter were duly processed, verified, and cancelled within statutory timelines. This is a standard quarterly regulatory compliance intimation with no operational or financial impact.
- Regulation 74(5) certificate submitted for the second quarter and half-year ended 30th September, 2026
- Confirmation issued by RTA MUFG Intime India Private Limited dated 03-10-2026
- RTA confirmed securities received for dematerialisation were processed and listed on stock exchanges within prescribed timelines
Silver Touch Technologies has secured a purchase order worth ₹35.63 crore (inclusive of GST) from ITI Limited for the supply of 80 high-performance enterprise servers for the Indian Army. The supply scope is scheduled for completion within 6 months, representing approximately 10.4% of TTM revenue (₹343 crore). The contract also envisages an 8-year post-warranty Annual Maintenance Contract (AMC) worth ₹14.04 crore, taking the potential 11-year lifecycle value to ₹49.67 crore. The order was won through a competitive two-bid tender and reverse auction process.
- Purchase order value of ₹35,63,18,292.20 (inclusive of GST) for 80 enterprise servers with 3-year warranty
- Potential 8-year AMC post-warranty valued at ₹14,04,07,208.04, bringing total lifecycle value to approx. ₹49.67 crore
- Execution timeline for supply is within 6 months in up to 3 lots
- End customer is the Indian Army via PSU ITI Limited, won via competitive two-bid tender and reverse auction
Silver Touch Technologies has secured a purchase order from the Space Applications Centre (SAC), ISRO, for the supply, installation, commissioning, and support of high-end computing workstations. The contract value has not been disclosed in the filing. Execution is scheduled within 18 weeks from the purchase order date, targeting completion by February 2, 2027, followed by a warranty and support phase. Payment terms specify receipt within 90 days of successful delivery, installation, and acceptance.
- Purchase order awarded by Space Applications Centre (SAC), ISRO, Ahmedabad
- Delivery and execution timeline set for 18 weeks, with target completion by 02 February 2027
- Workstations feature 60-core Intel Xeon processors, 512 GB memory, and NVIDIA Blackwell-class GPUs with 96 GB memory
- Commercial consideration value was not disclosed in the filing
- Payment terms agreed at within 90 days post installation and acceptance
Silver Touch Technologies issued a revised investor presentation for Q1 FY27 reporting a 23.45% YoY increase in consolidated total income to ₹78.02 crore. EBITDA surged 88.79% YoY to ₹17.05 crore as margins expanded by 782 bps to 22.22%, aided by a ~75% reduction in lower-margin hardware purchase of stock-in-trade. Consolidated PAT rose 147.71% YoY to ₹10.01 crore with a PAT margin of 13.04%. The company highlighted an order book exceeding ₹800 crore, providing significant revenue visibility relative to its TTM revenue of ₹343 crore.
- Consolidated total revenue increased 23.45% YoY to ₹78.02 crore in Q1 FY27
- EBITDA grew 88.79% YoY to ₹17.05 crore, with EBITDA margin expanding 782 bps to 22.22%
- PAT surged 147.71% YoY to ₹10.01 crore compared to ₹4.04 crore in Q1 FY26
- Active order book stands at ₹800+ crore (~2.3x TTM revenue)
- Stock-in-trade purchases dropped ~75% YoY to ₹2.80 crore vs ₹11.19 crore, confirming mix shift to proprietary software
Silver Touch Technologies has secured a Purchase Order worth ₹5,05,50,050 (exclusive of taxes) from Gujarat Energy Limited (GEL), a Government of Gujarat undertaking. The contract spans a 3-year execution period from October 1, 2026, to September 30, 2029. The scope covers Critical Infrastructure Management through IT Facility Management Services and End User Support. Relative to Silver Touch's TTM revenue of ₹343 Cr, this contract represents approximately 1.5% spread over three years (~₹1.69 Cr annually).
- Order value of ₹5,05,50,050 (exclusive of applicable taxes and duties)
- Contract duration of 3 years from October 1, 2026 to September 30, 2029
- Awarded by Gujarat Energy Limited via competitive open e-tender
- Order represents ~1.5% of TTM revenue of ₹343 Cr
Silver Touch Technologies has secured a ₹5.12 crore contract from Gujarat Urja Vikas Nigam Limited (GUVNL). The 12-month agreement covers comprehensive management and OEM-authorised support for GUVNL's core IT infrastructure, including servers, storage, SAN switches, and backup systems supporting its e-Urja platform. Relative to the company's TTM revenue of ₹343 crore, the order is modest at ~1.5%, but strengthens its domestic public utility footprint.
- Order size valued at Rs. 5,12,34,996 awarded by Gujarat Urja Vikas Nigam Limited (GUVNL)
- Contract execution timeline is 12 Months
- SLA commitment involves ensuring 99% application uptime for GUVNL's e-Urja enterprise backbone
- Scope covers comprehensive management and OEM support for computer servers, storage systems, SAN-switches, and tape library
Silver Touch Technologies released its Q1 FY27 investor presentation, reporting consolidated total revenue of ₹78.02 Cr, up 23.45% YoY. Profit After Tax (PAT) jumped 147.7% YoY to ₹10.01 Cr, while EBITDA grew 88.8% YoY to ₹17.05 Cr with EBITDA margin expanding by 782 bps to 22.22%. The margin expansion was supported by a 76.3% YoY decline in operational stock-in-trade hardware expenses (down to ₹2.86 Cr from ₹12.06 Cr), reflecting an accelerated mix shift toward high-margin proprietary software, AI solutions, and e-governance platforms.
- Consolidated total income rose 23.45% YoY to ₹78.02 Cr in Q1 FY27 compared to ₹63.20 Cr in Q1 FY26
- EBITDA increased 88.79% YoY to ₹17.05 Cr, with EBITDA margins expanding 782 bps to 22.22%
- Consolidated PAT surged 147.71% YoY to ₹10.01 Cr from ₹4.04 Cr in the year-ago period
- Operational expenses (hardware/stock-in-trade) dropped 76.3% YoY to ₹2.86 Cr, driving software-led operating leverage
Silver Touch Technologies Limited has submitted the voting results and Scrutinizer Report for its 32nd Annual General Meeting held on August 24, 2026. All five ordinary and special resolutions were passed with over 99.99% approval among votes polled. Key agenda items approved include the adoption of FY26 financial statements, declaration of FY26 dividend, reappointment of directors retiring by rotation, and the reappointment of Mr. Piyushkumar Mithileshkumar Sinha as an Independent Director.
- All 5 resolutions passed with requisite majority (>99.99% votes in favour).
- Total voting participation stood at 75.77% (9,60,82,677 votes polled out of 12,68,10,000 total shares) on general resolutions.
- Promoter and promoter group cast 9,35,56,660 votes (98.82% of promoter holding) in favour of resolutions 1, 2, 4, and 5.
- Adoption of FY26 Audited Financial Statements and declaration of dividend for FY26 formally approved.
Silver Touch Technologies conducted its 32nd Annual General Meeting on August 24, 2026, through Video Conferencing. A total of 5 resolutions were placed before shareholders, covering the adoption of FY26 financial statements, dividend declaration, reappointment of retiring directors, and reappointment of an Independent Director. Remote e-voting ran from August 21 to August 23, 2026, and voting results along with the Scrutinizer's Report will be published within 48 hours.
- 32nd AGM concluded on August 24, 2026, between 17:00 and 17:30 IST via Video Conferencing.
- 5 resolutions presented to shareholders, including FY26 dividend declaration and director re-appointments.
- Remote e-voting took place from August 21, 2026 (09:00 AM) to August 23, 2026 (05:00 PM).
- Formal voting results and Scrutinizer's Report to be submitted within 48 hours.
Silver Touch Technologies has scheduled its 32nd Annual General Meeting (AGM) for August 24, 2026, to adopt the FY26 financial results and approve a dividend of ₹0.10 per share. The total dividend payout is approximately ₹1.27 crore, which is a conservative 3.5% of the FY26 PAT of ₹36.14 crore. Key agenda items include the re-appointment of Chairman Mr. Vipul Thakkar and a special resolution for the second 5-year term of Independent Director Mr. Piyushkumar Sinha. The company maintains a strong promoter holding of 74.62% as of March 2026.
- Proposed dividend of ₹0.10 per equity share (5% of face value ₹2) for FY26.
- Total equity shares eligible for dividend distribution: 12,68,10,000.
- AGM scheduled for August 24, 2026, at 17:00 IST via Video Conferencing.
- Special resolution proposed for re-appointment of Independent Director Mr. Piyushkumar Sinha until August 11, 2031.
- Adoption of FY26 Audited Financial Statements showing revenue of ₹329.54 crore and PAT of ₹36.14 crore.
Silver Touch Technologies has fixed August 17, 2026, as the record date for a final dividend of ₹ 0.10 per share (5% of face value ₹ 2) for FY26. The dividend is subject to shareholder approval at the 32nd AGM scheduled for August 24, 2026. With a TTM PAT of ₹ 36 Cr, the total dividend payout is approximately ₹ 1.28 Cr, representing a modest payout ratio of ~3.5%. The current dividend yield is negligible at approximately 0.05% based on the current market price of ₹ 209.2.
- Final dividend of ₹ 0.10 per equity share of face value ₹ 2 recommended for FY26
- Record date for determining shareholder entitlement fixed as August 17, 2026
- 32nd Annual General Meeting (AGM) scheduled for August 24, 2026, via video conferencing
- Dividend payout represents 5% of the face value per equity share
- Payment to be completed within 30 days of shareholder approval at the AGM
Silver Touch Technologies (SILVERTUC) held its board meeting on July 30, 2026, approving Q1 FY27 results and recommending a final dividend of ₹0.10 per share (5%) for FY26. The board also authorized a fresh investment limit of up to ₹10.00 Crores under Section 186, which represents approximately 6% of the company's current net worth. Key leadership continuity was maintained with the re-appointment of two Whole Time Directors and an Independent Director for a second five-year term.
- Recommended a final dividend of ₹0.10 per equity share (5%) for the financial year ended March 31, 2026
- Approved a new investment limit of up to ₹10.00 Crores under Section 186 of the Companies Act
- Set the Record Date for dividend eligibility as August 17, 2026, with the AGM scheduled for August 24, 2026
- Re-appointed Independent Director Mr. Piyushkumar Sinha for a second 5-year term from 2026 to 2031
- Approved un-audited standalone and consolidated financial results for the quarter ended June 30, 2026
Silver Touch Technologies (SILVERTUC) has recommended a final dividend of ₹0.10 per equity share (5% of face value) for FY26. The board also approved a fresh investment limit of up to ₹10.00 Crores under Section 186 of the Companies Act, representing approximately 5.95% of the company's net worth. Additionally, the company scheduled its 32nd Annual General Meeting for August 24, 2026, and set August 17, 2026, as the record date for dividend eligibility. Key management re-appointments, including the promoter-director, were also proposed for shareholder approval.
- Recommended a final dividend of ₹0.10 per equity share for the financial year ended March 31, 2026.
- Approved an investment limit of up to ₹10.00 Crores under Section 186 of the Companies Act.
- Fixed August 17, 2026, as the record date for determining dividend eligibility.
- Scheduled the 32nd Annual General Meeting (AGM) for August 24, 2026.
- Proposed re-appointment of Independent Director Mr. Piyushkumar Sinha for a second 5-year term until August 2031.
Silver Touch Technologies (SILVERTUC) has approved its Q1 FY27 financial results and recommended a final dividend of ₹0.10 per equity share (5% of face value) for FY26. The board also authorized a fresh investment of up to ₹10.00 Crores under Section 186, which represents approximately 6% of the company's current net worth (₹168 Cr). Additionally, the company proposed the re-appointment of key directors, including a second five-year term for Independent Director Mr. Piyushkumar Sinha. The 32nd Annual General Meeting (AGM) is scheduled for August 24, 2026.
- Recommended a final dividend of ₹0.10 per equity share (5%) for the financial year ended March 31, 2026.
- Authorized a new investment limit of up to ₹10.00 Crores under Section 186 of the Companies Act.
- Set August 17, 2026, as the Record Date for determining dividend eligibility.
- Re-appointed Mr. Piyushkumar Sinha as an Independent Director for a second 5-year term (2026-2031).
- Scheduled the 32nd Annual General Meeting for August 24, 2026, via video conferencing.
Silver Touch Technologies has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate, issued by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed and listed on the stock exchanges. The RTA also confirmed that physical certificates were mutilated and cancelled after due verification. This is a routine administrative filing required to maintain the integrity of the electronic shareholding system.
- Compliance certificate issued for the quarter and three months ended June 30, 2026
- Confirmation provided by RTA MUFG Intime India Private Limited (formerly Link Intime)
- Verification that dematerialized securities are listed on NSE and BSE (Scrip Code: 543525)
- Confirmation that physical certificates were mutilated and cancelled within prescribed timelines
Financial Performance
Revenue Growth by Segment
Standalone revenue from IT services and hardware sales grew 29% YoY to INR 266.63 Cr in FY 2024-25. Consolidated revenue reached INR 288.38 Cr, a 28.5% increase from INR 224.30 Cr in FY 2023-24, driven by new service contracts and timely delivery of software projects.
Geographic Revenue Split
Domestic operations contributed 86.3% (INR 248.93 Cr) of consolidated revenue in FY 2024-25, while Export revenue contributed 13.7% (INR 39.45 Cr). Standalone domestic revenue grew 32.4% YoY to INR 248.22 Cr.
Profitability Margins
Net Profit Margin (PAT Margin) improved from 7.56% in FY 2024-25 to 8.41% in FY 2024-25. Consolidated PAT for Q2 FY26 rose 69.55% YoY to INR 7.46 Cr, with PAT margins expanding by 284 bps to 8.72% due to a higher mix of software services.
EBITDA Margin
EBITDA margin for Q2 FY26 stood at 16.14%, a significant improvement of 390 bps from 12.24% in Q2 FY25. This was driven by a 50.66% surge in EBITDA to INR 13.80 Cr, reflecting better absorption of fixed overheads and higher-margin software service contracts.
Capital Expenditure
Not explicitly disclosed in absolute INR Cr for future periods, but the company reported a 235% increase in its Debt-Equity ratio in FY 2024-25 to fund business expansion and operational working capital requirements.
Credit Rating & Borrowing
The company maintains an IVR BBB/Stable (Long Term) and IVR A3+ (Short Term) rating. Borrowing costs are reflected in interest rates of 9.00% to 9.30% p.a. on advances to subsidiaries like Silvertouch Technologies Inc. and Canada Ltd.
Operational Drivers
Raw Materials
Hardware components including computers and peripherals represent the primary 'sale of goods' cost, though specific percentage of total cost per item is not disclosed.
Capacity Expansion
The company operates with 764 employees as of March 31, 2025, and 50 apprentice trainees. Expansion is focused on human capital and service delivery rather than physical manufacturing capacity.
Raw Material Costs
Cost of goods sold relates to computer hardware; however, the shift toward software services (which fetch higher margins) reduced the relative impact of hardware procurement costs on the bottom line in FY 2024-25.
Manufacturing Efficiency
Operational efficiency is measured by the improvement in operating margins from 11.52% in FY24 to 13.72% in FY25, driven by better utilization of the skilled workforce in software services.
Strategic Growth
Expected Growth Rate
13-15%
Growth Strategy
Growth is targeted through expansion in e-Governance, enterprise technology, and digital transformation. The company is leveraging its healthy order book and increasing its presence in international markets like the USA, UK, and France to drive higher-margin export revenue.
Products & Services
IT solutions, software services, e-Governance platforms, enterprise technology solutions, and sale of computer hardware and peripherals.
Brand Portfolio
Silver Touch
New Products/Services
New service contracts in software services contributed to the 29% revenue growth in FY25; specific new product names are not listed.
Market Expansion
Expansion is focused on international subsidiaries in the USA, UK, France, and Canada to diversify revenue away from the 86% domestic concentration.
Strategic Alliances
The company operates through wholly-owned subsidiaries: Silver Touch Technologies INC (USA), Silver Touch Technologies UK Ltd, and Silver Touch Technologies SAS (France).
External Factors
Industry Trends
The industry is shifting toward digital transformation and cybersecurity. Silver Touch is positioning itself by increasing its EBITDA margins to 16.14% in Q2 FY26 through specialized IT services.
Competitive Landscape
The IT industry is highly competitive with low entry barriers for services, though the company's established relationship with government entities provides a defensive advantage.
Competitive Moat
The moat is built on the 20+ years of experience of promoter Mr. Vipul H. Thakkar and a strong track record in e-Governance, which creates high switching costs for government clients.
Macro Economic Sensitivity
Highly sensitive to government IT spending and digital India initiatives, as a significant portion of revenue is derived from domestic government agencies.
Consumer Behavior
Increased demand for digital transformation and automated e-Governance services is driving the 14.25% YoY revenue growth seen in Q2 FY26.
Geopolitical Risks
Global uncertainties and trade disruptions could impact the export segment and the procurement of hardware peripherals.
Regulatory & Governance
Industry Regulations
Compliance with data protection laws and industry-specific regulations is mandatory; adapting to new regulations necessitates significant investments in legal resources and system upgrades.
Taxation Policy Impact
The company noted that changes in corporate tax rates or digital services taxes could erode profit margins. Current tax compliance is managed through prescribed accounting standards.
Legal Contingencies
The company reported no pending cases for holding benami property and no whistle-blower complaints were received during the year.
Risk Analysis
Key Uncertainties
Technology obsolescence and cybersecurity threats are primary risks. A major security breach could impact reputation and lead to legal liabilities, potentially impacting revenue by over 20%.
Geographic Concentration Risk
High geographic concentration with 86.3% of revenue coming from the domestic Indian market.
Third Party Dependencies
Dependency on government tenders for a significant portion of the order book introduces business risk and revenue volatility.
Technology Obsolescence Risk
The company faces high risk from rapidly evolving technologies; failure to upgrade skills could lead to a loss of market share to more agile competitors.
Credit & Counterparty Risk
Counterparty risk is considered low due to the company's association with reputed government clientele, though receivable periods remain high.
