Xelpmoc Design And Tech Limited (XELPMOC)
₹86.56 +0.91% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Xelpmoc Design's revenue was ₹1.0 Cr (+23.3% year on year, -11.0% on the previous quarter), and net profit ₹-2.2 Cr (a bigger loss than a year earlier); the operating margin was -178.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.0 | +23.3% | -11.0% |
| Operating profit | ₹-1.7 | loss narrowed | loss narrowed |
| Net profit | ₹-2.2 | loss widened | loss widened |
| EPS (₹) | -1.49 | loss widened | loss widened |
| Operating margin | -178.4% | — | — |
XELPMOC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 56.98% of the XELPMOC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 63.22%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.1 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: 48.2% · 52.9% · 45.0% · 72.5% · 57.0%
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
Xelpmoc Design and Tech Limited announced that shareholders approved all resolutions at its 11th Annual General Meeting held on September 30, 2026. A total of 7,717,196 votes were polled across 14,822,321 outstanding shares, representing a 52.06% voter turnout. Key approvals included the adoption of FY26 financial statements, the reappointment of director Mr. Jaison Jose, and the implementation of the Employee Stock Option Scheme 2026 (ESOP-2026). Each resolution passed with 99.89% votes in favor and 0.11% against.
- All resolutions passed with 7,708,704 votes (99.89%) in favor and 8,492 votes (0.11%) against
- Overall voter turnout was 52.06%, polling 7,717,196 votes out of 14,822,321 total shares
- Promoter group polled 7,095,367 votes (98.04% of promoter holding), 100% in favor
- Shareholders approved the new ESOP-2026 scheme, including grants exceeding 1% of issued capital
Xelpmoc Design and Tech Limited concluded its 11th Annual General Meeting on September 30, 2026, with all 6 resolutions passed by requisite majority. Key approvals included the adoption of FY26 financial statements and the implementation of the new ESOP Scheme 2026, extending to subsidiary employees. Additionally, shareholders approved granting options under both the 2020 and 2026 ESOP schemes exceeding 1% of issued capital to identified employees. The meeting had 39 members present via video conferencing.
- 11th AGM held on September 30, 2026, with 39 members attending via video conferencing
- Approval granted for the new Employee Stock Option Scheme 2026 and its extension to subsidiary employees
- Shareholders approved option grants under ESOP Scheme 2020 and ESOP Scheme 2026 exceeding 1% of issued capital to identified employees
- Re-appointment of retiring director Mr. Jaison Jose approved by ordinary resolution
Xelpmoc Design And Tech Limited has allotted 8,400 equity shares of face value ₹10 each pursuant to the exercise of vested employee stock options under its ESOP Scheme 2019. The exercise price was ₹10 per share, resulting in a nominal capital realization of ₹84,000. Following this allotment, the paid-up share capital increased marginally to ₹14,83,07,210 consisting of 1,48,30,721 equity shares. Given the negligible size relative to the company's ₹109 Cr market cap, the dilution impact is practically zero.
- Allotment of 8,400 equity shares of face value ₹10 each under ESOP Scheme 2019
- Exercise price fixed at ₹10 per share, generating ₹84,000 in proceeds
- Total paid-up share capital expands to ₹14,83,07,210 representing 1,48,30,721 shares
Xelpmoc Design and Tech announced that its Board and Audit Committee approved the sale of its equity investment in Woovly India Private Limited for a total consideration of ₹14.58 crore. The valuation is based on a report obtained from a registered valuer. The transaction is highly material for Xelpmoc, representing roughly 3.6x its TTM revenue of ~₹4 crore and about 13% of its current market capitalization of ₹113 crore. This cash influx could substantially bolster liquidity for a loss-making business (TTM net loss of ₹8 crore).
- Board approved the disposal of equity shares held in Woovly India Private Limited
- Total consideration agreed is ₹14,58,36,810 (~₹14.58 crore)
- Valuation confirmed by an independent report from a registered valuer
- Sale value is ~3.6x the company's TTM revenue of ₹4 crore and ~13% of its ₹113 crore market cap
Xelpmoc Design And Tech Limited has dispatched its Annual Report for FY26 and announced its 11th Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing. The cut-off date to determine voting eligibility is September 23, 2026. Key agenda items include the adoption of FY26 financial statements, the reappointment of retiring director Mr. Jaison Jose, and approvals for a new ESOP Scheme 2026 including grants exceeding 1% of issued capital. This comes as the company continues to face operational stress, posting a TTM net loss of Rs -8 Cr on Rs 4 Cr TTM revenue.
- 11th AGM scheduled for Wednesday, September 30, 2026 at 3:00 P.M. IST via VC/OAVM
- Cut-off date set to September 23, 2026 for e-voting eligibility
- Special resolutions proposed for approval and implementation of ESOP Scheme 2026, extending to subsidiary employees
- Resolutions include approval to grant options exceeding 1% of issued capital to identified employees under ESOP schemes
Xelpmoc Design and Tech Limited released its updated investor presentation following the quarter ended June 30, 2026. The presentation outlines the company's business model transition toward corporate AI/ML and SaaS products, specifically showcasing DocuXray.ai (document intelligence) and RELY (senior living ERP). The company remains in a loss-making position, reporting a net loss of Rs 2.20 Cr on revenue of Rs 0.96 Cr for the June 2026 quarter (TTM revenue at Rs 4 Cr with Rs -8 Cr PAT). No new contracts, order wins, or structural transactions were disclosed in the presentation.
- Outlined DocuXray.ai document intelligence platform claiming 98%+ extraction accuracy and 40–70% operational cost reduction
- Showcased RELY SaaS suite for senior living, targeting a 15–25% reduction in billing leakage and 40–60% lead recovery
- Highlighted network reach across 1,000+ corporate and startup ecosystem connects
- Financial backdrop shows ongoing turnaround efforts with TTM revenue of Rs 4 Cr and TTM PAT of Rs -8 Cr
Xelpmoc Design and Tech reported Q1 FY27 consolidated revenue from operations of Rs 0.96 Cr (Rs 9.6 million), up 23.1% YoY from Rs 0.78 Cr but down 11.1% QoQ from Rs 1.08 Cr. Operating losses persisted with an adjusted operating EBITDA loss of Rs 1.49 Cr (Rs 14.9 million), compared to a loss of Rs 1.64 Cr in Q1 FY26. The estimated fair value of its startup investment portfolio stood at Rs 72.68 Cr (Rs 726.8 million) as of June 30, 2026. Operationally, the company launched its RELY Agetech platform and onboarded 3 initial customers.
- Operating revenue stood at Rs 9.6 million (Rs 0.96 Cr), up 23.1% YoY but down 11.1% QoQ
- Adjusted operating EBITDA loss was Rs 14.9 million (Rs 1.49 Cr), excluding Rs 2.3 million in ESOP expenses
- Fair value of portfolio investments stood at Rs 726.8 million (Rs 72.68 Cr) as of June 30, 2026
- RELY Agetech platform went live during the quarter, onboarding 3 customers
Xelpmoc Design and Tech announced the approval of its 'Employee Stock Option Scheme 2026' covering up to 7,41,116 equity shares of face value Rs 10 each, subject to shareholder and stock exchange approvals. If fully granted and exercised, the scheme represents a potential dilution of approximately 5.0% of the company's total equity base (~1.47 crore shares). The Board also approved the appointment of Mr. Arvind Khandelwal as Chief Business Officer effective August 21, 2026. The new CBO brings over 20 years of corporate banking and leadership experience as Xelpmoc attempts to pivot towards corporate revenue.
- Approved ESOP 2026 scheme covering up to 7,41,116 equity shares of face value Rs 10 each
- Minimum vesting period set at 1 year from the grant date under SEBI (SBEB) Regulations
- Appointed Mr. Arvind Khandelwal as Chief Business Officer with effect from August 21, 2026
- Potential equity dilution pool equals ~5.0% relative to the current share count
Xelpmoc Design And Tech Limited announced the appointment of Mr. Arvind Khandelwal as Chief Business Officer effective August 21, 2026, bringing over 20 years of banking and corporate leadership experience. Additionally, the Board approved the 'ESOP Scheme 2026' covering up to 7,41,116 equity shares (face value ₹10 each), subject to shareholder and regulatory approvals. The Board meeting on August 14, 2026, also approved the unaudited financial results for the first quarter ended June 30, 2026.
- Appointment of Mr. Arvind Khandelwal as Chief Business Officer with effect from August 21, 2026
- Approval of ESOP Scheme 2026 covering up to 7,41,116 equity shares of face value ₹10 each
- Minimum vesting period for options under the proposed ESOP Scheme set at 1 year from the grant date
- Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026
Xelpmoc Design and Tech Limited announced that its Nomination and Remuneration Committee approved the grant of 1,20,000 stock options to eligible employees on August 14, 2026. The options are granted under the company's Employees Stock Option Scheme, 2020, with each option convertible into one equity share of face value Rs 10. The exercise price is fixed at Rs 10 per option. Vesting starts after a 1-year cliff and spans over three years in a 50:30:20 ratio, with an exercise window of up to seven years post-vesting.
- Approved grant of 1,20,000 options under the Employee Stock Option Scheme, 2020
- Options correspond to 1,20,000 equity shares of face value Rs 10 each
- Exercise price set at Rs 10 per option
- Vesting begins after 1 year and vests across 3 years in a 50:30:20 ratio
- Exercise period is up to 7 years from the respective date of vesting
Xelpmoc Design and Tech Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board approved the appointment of Mr. Arvind Khandelwal as Chief Business Officer effective August 21, 2026, bringing over 20 years of corporate and investment banking experience. Additionally, the Board approved the 'ESOP Scheme 2026' covering up to 7,41,116 equity shares, subject to shareholder and stock exchange approvals. Financial notes highlighted continuing going concern uncertainties in subsidiaries Soultrax Studios and Signal Analytics.
- Approved 'ESOP Scheme 2026' covering up to 7,41,116 equity shares of face value Rs 10 each, subject to shareholder approval.
- Appointed Mr. Arvind Khandelwal as Chief Business Officer with effect from August 21, 2026.
- Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Noted material uncertainties regarding going concern status for subsidiaries Soultrax Studios Private Limited and Signal Analytics Private Limited.
Xelpmoc Design and Tech Limited has allotted 22,828 equity shares to employees following the exercise of options under its 2019 ESOP scheme. The shares were issued at an exercise price of Rs 10 per share, which is significantly lower than the current market price of Rs 80.9, resulting in a total realization of Rs 2.28 lakh. This allotment represents a marginal equity dilution of approximately 0.15% of the total paid-up capital. The company's total paid-up share capital now stands at Rs 14.82 crore.
- Allotment of 22,828 equity shares of face value Rs 10 each to employees.
- Total capital raised through the exercise of options amounts to Rs 2,28,280.
- Total paid-up share capital increased to Rs 14,82,23,210 comprising 1,48,22,321 shares.
- The allotment results in a minor equity dilution of ~0.15% based on the new share count.
Xelpmoc Design and Tech Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited (the company's RTA), confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the required 15-day period. This process includes the mutilation and cancellation of physical certificates and updating the depository as the registered owner. This is a standard administrative filing required for all listed companies in India.
- Compliance confirmed for the quarter ended June 30, 2026.
- Dematerialization requests were processed within the mandated 15 days of receipt.
- Certificate issued by KFin Technologies Limited on July 8, 2026.
- Confirms that physical certificates were mutilated and cancelled as per SEBI norms.
Promoter Sandipan Chattopadhyay has submitted a formal declaration under Regulation 31(4) of the SEBI (SAST) Regulations for Xelpmoc Design and Tech Limited. The filing confirms that the promoter, along with persons acting in concert, did not encumber any shares of the company during the financial year ending March 31, 2026. This is a routine annual compliance disclosure confirming the absence of share pledges.
- Declaration covers the entire financial year 2025-26 ending March 31, 2026
- Promoter Sandipan Chattopadhyay confirms zero direct or indirect encumbrance of shares
- Compliance fulfilled under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Xelpmoc Design and Tech Limited has announced the closure of its trading window for all designated persons starting June 30, 2026, at 5:00 P.M. This is a standard regulatory procedure in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 FY26 financial results. The window will remain closed until 48 hours after the results are publicly disclosed. Given the company's small TTM revenue of Rs 4 Cr and significant operating losses, investors should focus on the upcoming results for signs of operational turnaround.
- Trading window closure begins Tuesday, June 30, 2026, at 5:00 P.M.
- Closure is in anticipation of the financial results for the 1st quarter ending June 30, 2026.
- The window will reopen 48 hours after the public announcement of the results.
- Company reported a TTM revenue of Rs 4 Cr and a TTM PAT of Rs -7 Cr.
- Promoter holding stood at 49.52% as of March 2026.
Financial Performance
Revenue Growth by Segment
The Corporate segment contributed 100% of revenue in Q2 FY26, reflecting a strategic pivot away from the startup segment. Standalone revenue from operations decreased by 39.75% YoY to INR 3.90 Cr in FY25 from INR 6.47 Cr in FY24. Consolidated revenue for Q2 FY26 was INR 0.76 Cr, a 53.7% YoY decline from INR 1.63 Cr in Q2 FY25.
Profitability Margins
Net Profit Margin stood at -2.07% in FY25 compared to -2.15% in FY24. Operating Profit Margin was -2.04% in FY25 vs -1.90% in FY24. The company reported a standalone net loss of INR 8.62 Cr in FY25, an improvement from a loss of INR 10.13 Cr in FY24.
EBITDA Margin
Operating EBITDA margin was -140.70% of operating income in FY25. Adjusted Operating EBITDA for Q2 FY26 was negative INR 1.61 Cr, compared to negative INR 1.02 Cr in Q2 FY25, primarily due to the revenue decline during the transition to corporate-focused services.
Credit Rating & Borrowing
The company is debt-free as of FY25, with an Interest Coverage Ratio of -76.64 due to the absence of debt and presence of operating losses.
Operational Drivers
Raw Materials
Human Capital/Employee Benefits (ESOP expenses represented INR 0.25 Cr in Q2 FY26) and Technology Infrastructure.
Import Sources
Not applicable as the company provides professional and technical consulting services.
Key Suppliers
Not applicable; the company operates as a technology partner and consultant.
Capacity Expansion
Current team size is 54 members as of September 30, 2025, down from 64 clients served in FY25. The company is focusing on scaling in-house products like Rely and DocuXray rather than physical capacity.
Raw Material Costs
Employee benefit expenses are the primary cost driver; ESOP expenditure was INR 0.25 Cr in Q2 FY26, up from INR 0.01 Cr in Q2 FY25.
Manufacturing Efficiency
Not applicable; service-based model focused on client delivery and product development.
Strategic Growth
Growth Strategy
The company is transitioning from a startup-heavy revenue model to a corporate-focused model, targeting 100% corporate revenue. Growth is driven by the monetization of in-house products like 'Rely' and 'DocuXray' (BFSI automation), and a pilot project in 'AgeTech' expected to monetize by Q3/Q4 FY26. The goal is to reach EBITDA breakeven within 1-2 quarters.
Products & Services
Professional and technical consulting in product development, data science, and analytics; AI/ML technology specializing in Natural Language Processing; SaaS platforms; and automated document classification for BFSI.
Brand Portfolio
Rely, DocuXray, Xelpmoc.
New Products/Services
AgeTech pilot project (expected monetization Q3/Q4 FY26); DocuXray for automated document sorting and data extraction in the insurance sector.
Market Expansion
Focusing on the BFSI and Insurance sectors for automation products; expanding corporate segment reach globally from offices in Bengaluru, Hyderabad, and Mumbai.
Strategic Alliances
Technology partner for 12 investee companies including Mihup Communication (Fair Value INR 42.93 Cr) and One Point Six Technologies (Pencil) where it holds a 7.9% stake.
External Factors
Industry Trends
The industry is shifting toward AI/ML and automated data science services. Xelpmoc is positioning itself as a 'leveraged mutual fund' for technology, aiming to profit from the 'wealth at the bottom of the pyramid' by providing global-standard tech to underserved sectors.
Competitive Landscape
Competes with specialized tech consultants and AI/ML service providers; differentiates through its equity-for-tech business model.
Competitive Moat
The moat is built on a 'leveraged mutual fund' model where the company gains equity in high-potential startups in exchange for tech services. This provides long-term upside through portfolio appreciation (Fair Value of INR 70.34 Cr as of Sept 2025) while maintaining a debt-free balance sheet.
Macro Economic Sensitivity
Highly sensitive to the startup funding ecosystem and venture capital availability, which impacts the ability of early-stage clients to sustain operations and pay for tech services.
Consumer Behavior
Increased demand for automation in BFSI and insurance to reduce human error and manual sorting costs.
Regulatory & Governance
Industry Regulations
Compliance with Indian Accounting Standards (IND AS) and the Companies Act, 2013. Products like DocuXray are designed to help clients ensure compliance with regulatory standards in the BFSI sector.
Risk Analysis
Key Uncertainties
The primary risk is the financial instability of startup clients; if they do not receive timely funding, they may fail to sustain operations, impacting Xelpmoc's receivables and equity value.
Geographic Concentration Risk
Operations are concentrated in India with offices in Bengaluru, Hyderabad, and Mumbai, though it has a UK subsidiary (Xelpmoc Design and Tech UK Limited).
Third Party Dependencies
Dependency on the success of investee companies (12 companies) for long-term portfolio gains.
Technology Obsolescence Risk
High risk given the rapid evolution of AI/ML; mitigated by continuous development of in-house frameworks like Rely and DocuXray.
Credit & Counterparty Risk
Receivables risk from startups led to the conversion of INR 1.20 Cr of receivables into equity for Pencil (OPSTPL) to manage outstanding debts.