Infinity Infoway Ltd

BSE: 544567

₹ 630-0.28%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 344 crWebsite: www.infinityinfoway.comUpdated: 24 Oct 2026

About

Infinity Infoway Ltd provides ERP software for education and industry, plus online examination and digital learning platforms. In FY26, Education ERP made up 53.6% of revenue and Industrial ERP 36.25%. Its revenue grew about 80% to Rs. 2,377 lakhs in FY26. Gujarat supplied 71.02% of FY26 revenue.^[1]

Business segments

Education ERP: Rs. 1,274 lakhs, or 53.6% of revenue, in FY26.^[1]
Industrial ERP: Rs. 861 lakhs, or 36.25% of revenue, in FY26.^[1]
Online Examination System: 10% of revenue in FY26. Digital Learning Platform: 0.13% of revenue in FY26.^[1]

Products and services

ZeroTouch DaaS is a device-as-a-service product for universities and colleges. It holds a 20-year process patent, and 150 machines were built and ready to deploy as of FY26.^[1]
The online examination platform could handle 2 lakh students at the same time as of FY26.^[1]
The company has a partnership with NPST to link TimePay prepaid cards to Infinity ERP for cashless payments on campuses and at companies. The pilot is complete, and card design approval from NSDL payment bank was pending as of Q4 FY26.^[1]

Operations and people

Headcount was 156 in FY26.^[1]
Attrition was 16.55% in FY26.^[1]
ZeroTouch build capacity was around 3,000 to 4,000 machines in the short term, according to management in Q4 FY26.^[1]

Customers and markets

The company worked with 55+ universities in FY26.^[1]
Revenue by state in FY26: Gujarat 71.02% (Rs. 1,688 lakhs), Madhya Pradesh 20.39%, Maharashtra 6.40%.^[1]
The company was awarded 7 tenders in FY26.^[1]
The company is expanding into Rajasthan, Karnataka and Odisha, with UP and northern India planned next (Q4 FY26 call).^[1]

Expansion and plans

The company plans to deploy about 900 ZeroTouch machines in FY27 and about 900 to 1,050 in FY28, out of a first lot of 3,000.^[1]
It has hired a team in the Gulf and started digital marketing in the UAE. The UAE is the first target market, with Saudi Arabia and Bahrain to follow (Q4 FY26).^[1]
Two new AI-based products are planned for launch in FY27.^[1]

Recent developments

In FY26, the company won a Rs. 10.97 crore order from the Government of Gujarat for AI-based data analysis in higher education. It also signed a Rs. 1.45 crore annual contract with a university.^[1]
By March 2026, the company had used Rs. 1,109.27 lakhs of the Rs. 2,200.86 lakhs raised in its IPO. The ZeroTouch allocation (Rs. 375 lakhs) and the IT infrastructure allocation (Rs. 260.56 lakhs) were fully used.^[1]

Market Cap

₹344 Cr

High / Low

₹640 / 315

Stock P/E

37.3

Price / Book

8.2

Book Value

₹77

EPS

₹12.9

No. of Shares

0.55 Cr

ROCE

22.9%

ROE

16.8%

OPM

39.7%

Debt / Equity

0.01

Sales

₹24 Cr

Net Profit

₹7 Cr

Promoter holding

68.5%

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