String Metaverse Ltd

BSE: 534535

₹ 6.52-4.26%refreshed 23 Oct, 03:55 pm ISTMarket cap: ₹ 795 crWebsite: www.biogreenpapers.comUpdated: 24 Oct 2026

About

String Metaverse Ltd describes itself as a diversified technology enterprise working across AI, Web3 infrastructure, blockchain, digital assets, fintech, enterprise technology and digital infrastructure, through domestic and international operations. It reported FY26 revenue of 1069.11 Cr. It reports two segments, Gaming - IT Services and high-frequency trading (HFT). It describes itself as the first Web 3.0 enterprise listed on BSE.^[1][2][3][4]

Business segments

In FY25 the group reported a single segment, gaming software development services.^[4]

Products and platforms

Launched a real-world asset tokenization platform on Solana in Q3 FY26, settled through the $IDLE token. It had ten live tokenized asset pairs covering US stocks and metals.^[5]
Introduced the String Pay X virtual crypto-backed debit card with Visa in FY26, usable in 150+ countries.^[6]
Launched Phase 1 of Bills on Chain with Hedera Blockchain in FY26, which puts bills on-chain as tokens.^[6]
Its games include String Games, IdleMine, String Spin & Win, String Arc8 and String Esports. New titles in Q2 FY26 were IdleMine 3.0, String Drive, String Tetris and Rabbit9x.^[7][8]
Runs StringX, its own trading engine, linked to Binance, Deribit, Raydium, Uniswap and HyperLiquid for automated trading and market-making.^[7]

Key operating numbers

Ecosystem users: over 5 million in FY26, compared with 4.7 million in Q2 FY26 and 4 million in Q1 FY26.^[6][8][7]
Cumulative DeFi and tokenized asset volume passed $220 million in FY26, with average daily volume of $1.2 - 1.3 million.^[6]
Derivatives volume on centralized exchanges was $4+ billion in FY26.^[6]
On-chain real-world asset volume was $8.93M in Q3 FY26.^[5]
String Fintech HK processed $920 million of perpetual contract volume on Deribit and Binance in Q2 FY26.^[8]
The company's Solana validator nodes handled over $80 million of DeFi volume and 1 million+ on-chain transactions in Q2 FY26.^[8]
The company had 53 employees as on March 31, 2026.^[1]

Operations and international presence

Runs high-performance co-location servers in LD-4 for Deribit and in TY-4 for Binance and Hyper Liquid.^[8]
Started subsidiaries in Singapore (String Digi Tech, operating from May 2025) and Canada (String Pay X). Its RAK-based DePIN & AI and Digital Assets units began operating in Q1 FY26.^[7]
Subsidiaries held 72.66% of consolidated net assets as at March 31, 2026.^[1]
Foreign-currency sales were Rs. 1,06,661.12 lakhs in FY26, against foreign-currency purchases of Rs. 93,102.07 lakhs.^[1]

Expansion plans

Investing $50M in validator nodes on Solana, Ethereum, Sui, Base and other major L1 chains (stated in Q1 FY26).^[7]
Plans a global network of high-performance compute and blockchain nodes (stated in Q3 FY26).^[5]
Targets 100M community users within three years, up from 5.2M in Q3 FY26. Its next stated milestone is 10 million users.^[5][6]
Proceeds from its rights issue are going into overseas subsidiaries, technology development and digital infrastructure (FY26).^[1]

Recent developments

On 17 Sep 2026 the board approved a preferential issue of up to 8,32,03,383 shares at ₹8.85 each, raising up to ₹73,63,49,939. An EGM is set for October 15, 2026.^[9]
Dr. S. Ravi stepped down as Chairman and Non-Executive Non-Independent Director with effect from September 30, 2026, citing professional commitments.^[10]
Shareholder approval is being sought for related-party transactions of up to ₹1,000 crore in total, including with Spacenet Enterprises India and Thalassa Enterprises.^[1]

Market Cap

₹795 Cr

High / Low

₹27 / 5

Stock P/E

7.2

Price / Book

2.8

Book Value

₹3

EPS

₹0.7

No. of Shares

116.43 Cr

ROCE

41.5%

ROE

41.6%

OPM

9.6%

Debt / Equity

0.00

Sales

₹1,069 Cr

Net Profit

₹103 Cr

Promoter holding

75.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

String Metaverse Ltd

About

Business segments

Products and platforms

Key operating numbers

Operations and international presence

Expansion plans

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions