Exato Technologies Limited helps businesses improve how they serve and communicate with their consumers. The offerings are built around Customer Experience-as-a-Service (CXaaS) and AI-as-a-Service, helping organizations enhance customer engagement, streamline operations, and achieve measurable business outcomes. Company creates solutions that make customer service smarter, faster, and more efficient by leveraging technologies such as artificial intelligence (AI), automation, and cloud platforms. The tools include virtual assistants, automation features, and customer sentiment analysis, enabling companies to manage interactions across multiple channels i.e phone, chat, email, and others in a seamless manner. These solutions reduce costs and response time while improving the customer experience. Company operates with a team of over 60 engineers in India, delivering solutions to both international clients and domestic enterprises. They serve clients in the USA, Singapore, and other international markets, supported by delivery partnerships while also catering to enterprises within India. The business is further supported by technology partnerships with NICE Ltd., Acumatica, and Mitel. They work with MakeMyTrip, RBL Bank, IGT Solutions Pvt. Ltd., IKS, and WNS, delivering customer experience solutions that are scalable, resilient, and outcome-driven. As per financial performance, Exato Technologies Limited has posted total income / net profits of Rs 73.13 Cr / 5.05 Cr (FY23), Rs 114.90 Cr / Rs 5.30 Cr (FY24), Rs 126.16 Cr / 9.74 Cr (FY25) and Rs 71.52 Cr / 7.26 (upto Q2 FY26). So as per previous financials data, company has shown steady growth, but sudden rise in net-profit just before IPO raises doubts. Also trade receivables is around 27% of FY25 total sales. Company has an average EPS of Rs 10.81 and average RoNW of 21.94% for last three fiscals. Issue is priced at a P/BV of 2.15 as per NAV of Rs 65.1/- as on 30.09.25. If we attribute latest earnings of FY24, FY25 and annualised FY26 on equity post issue, then asking price is at a P/E of around 26.56, 14.46 and 9.70 respectively. As per RHP, comparison between listed peers is shown in above table. On BRLM's front, GYR Capital Advisors Private Limited is associated with this SME IPO, and has handled 38 SME IPOs in last three fiscal years. From last 10 IPOs, all opened above issue price on the day of listing. As of now, from last 10 IPOs, 6 are trading below issue price and remaining all are trading above issue price. ( As on 25.11.25 ) As per financials, Exato Technologies Limited has shown steady growth, RoNW is 23.03% and P/E is 26.56, 14.46 and 9.70 respectively as per FY24, FY25 and annualised FY26 earnings. So issue looks fairly priced, but sudden rise in net profit just before IPO raises doubts. Company creates solutions that make customer service smarter, faster, and more efficient by leveraging technologies such as artificial intelligence (AI), automation, and cloud platforms, which is highly competitive & growing business segment. Performance of BRLM is average. So, we give SUBSCRIBE rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
✍️ Post a Comment