Fidel Softech Ltd(FIDEL)

NSE: FIDEL

₹ 175+2.22%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 241 crUpdated: 27 Oct 2026

About

Fidel Softech provides IT consulting and language localization services, with a presence in Japan and the US built through acquisitions. It reported FY26 revenue of 102.36 (Rs Cr). Export revenue made up 95.3% of FY26 revenue, and the company has 500+ employees worldwide as of Q4 FY26.^[1][2][3]

Business segments

After its acquisitions, the revenue mix as of Q4 FY26 is 70% IT consulting and 30% language localization.^[3]
Export revenue was Rs 97.53 Cr (95.3% share) and domestic revenue was Rs 4.82 Cr (4.7%) in FY26.^[2]
As of Q4 FY26, 53% of revenue, mainly from the US and Japan, earns single-digit margins while it scales up, and the other 47% earns double-digit margins.^[3]

Services

AI-led services, including proofs of concept, multilingual LLMs, AI-assisted software localization (i18n) and data solutions, contributed about ₹3 Cr in FY26.^[3]
In FY26 the company set up a new High-Tech Solutions unit for SME manufacturing digital transformation (IoT, cloud, AI, imaging). It is at the proof-of-concept stage and has no recognisable revenue yet.^[3]

Key operating numbers

Attrition was 15% in Q4 FY26.^[3]
The company added 66 new hires in Q4 FY26 and had 500+ employees worldwide.^[3]
Typical deal size ranged from USD 300K to 1M in FY26.^[3]

Customers and geography

Revenue by geography as of Q4 FY26 was APAC 55%, US 27% and EMEA 18%.^[3]
Japan client NTD Communications referred Fidel to its US office, which Techvine now serves. The company cites this as early cross-selling between its acquired units (FY26).^[3]
Some revenue once booked in India is now delivered and recognised onsite in Japan and the US, which has lowered standalone India revenue (FY26).^[3]

Acquisitions

In FY26 the company completed the acquisitions of Fidel Technologies KK, IM Corporation and Techvine.^[3]
IM Corporation, a former client in Japan, brought about 150 native Japanese professionals and access to 40+ clients. Techvine adds upstream consulting in the US.^[3]

Orders and pipeline

In FY26 the company won a 100 million JPY annual managed services contract in Japan against top-tier system integrators. Its full revenue effect is expected in FY27.^[3]
A new language localization deal with a global US firm is expected to add ₹3-4 Cr of annual revenue in FY27.^[3]

Plans

The company plans to move to the NSE Main Board within FY27, subject to eligibility conditions that include a ₹75 Cr net worth threshold.^[3]
It plans to invest 3-5% of revenue in R&D and new businesses, either in-house, through joint ventures or through startup investments.^[3]
It is looking for further acquisitions that add capabilities, open new geographies such as Singapore and Hong Kong, or give direct access to end customers.^[3]
Management has stated an aim of ₹300 Cr revenue in 3-3.5 years from the FY26 base, and ~₹500 Cr by FY31.^[3]

Market Cap

₹241 Cr

High / Low

₹200 / 108

Stock P/E

17.4

Price / Book

4.3

Book Value

₹41

EPS

₹10.0

No. of Shares

1.38 Cr

ROCE

26.8%

ROE

27.2%

OPM

18.4%

Debt / Equity

0.77

Sales

₹102 Cr

Net Profit

₹14 Cr

Promoter holding

73.1%

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Fidel Softech Ltd(FIDEL)

About

Business segments

Services

Key operating numbers

Customers and geography

Acquisitions

Orders and pipeline

Plans

Signal history

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Company data

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