ALFA Finder
| Market Cap | ₹812.27 CrSmall Cap |
|---|---|
| ROE Annual | 22.4%Return on Equity |
| Promoter Holding | 62.71%No Pledge |
| Order from | Ooredoo QPSC |
| Execution period | 2 years for onboarding of hospitals, clinics, health centres and pharmacies; 3 years for managed services of the E-Health Eco System and National Drug Control roll-out |
| Deal value | ₹128.93 Cr |
| Share of market cap | 15.9% |
| Share of annual revenue | 28.7% |
Key highlights
- Order value of ₹128.93 Cr represents 28.7% of the company's FY24 annual operating revenue
- Contract awarded by Ooredoo QPSC, a Qatari entity with a market value of ~QAR 42 billion
- Implementation includes a 2-year phase for facility onboarding and 3 years for managed services
- Scope covers E-Health Eco Systems and National Drug Control roll-out operations in Qatar
- Execution to be managed through SRIT India's Doha QFC branch to ensure local support
A ₹129 Crore E-Health Mandate from Qatar
The contract from Ooredoo QPSC is structured into two distinct operational phases. The initial two years will focus on the onboarding of hospitals, clinics, health centres, and pharmacies into a unified digital infrastructure. Following this, the company will undertake a three-year term for the managed services of the E-Health Eco System and National Drug Control roll-out operations.
This deal is worth roughly 15.9% of SRIT India's total market capitalization. To facilitate the project, the company is leveraging its existing branch infrastructure within the Doha Qatar Financial Centre (QFC), ensuring proximity to the client and regional operational compliance.
Benchmarking Against the Existing ₹1,205 Crore Order Book
- The ₹128.93 crore contract significantly bolsters the outstanding order book, which stood at ₹1,204.72 crore as of June 30, 2026.
- This win is comparable in scale to the ₹123.91 crore SITC telecom equipment order received from Damodar Valley Corporation in May 2025.
- The project value far exceeds recent domestic wins, such as the ₹5.70 crore Maharashtra CCTV surveillance system contract awarded in October 2026.
- SRIT India has maintained a strong execution track record, having completed over 103 projects totaling ₹1,234.72 crore over the last decade.
- Latest quarterly financials show robust momentum, with net profit surging 102.13% to reach ₹13.76 crore for the quarter ended September 2026.
Sector Positioning and Post-Listing Momentum
SRIT India operates in the IT software products sector, specifically targeting healthcare and governance digital transformations. This international order underscores the company’s ability to compete for large-scale government and semi-government mandates outside of India. Following its successful listing on the BSE and NSE on October 6, 2026, which raised ₹218.40 crore, the company has maintained focus on high-efficiency projects.
With a Piotroski score of 4 and an operating profit margin of 19.69% in the most recent quarter, the company is positioning itself to handle complex managed services that provide steady, recurring revenue streams over multi-year execution periods.
| Date | Announcement | Amount |
|---|---|---|
| 27 Oct 2026 | Awarded contract by Directorate of Sports and Youth Services, Maharashtra for CCTV surveillance system at Shiv Chhatrapati Sports Complex, PuneSource: tenderkart.in | ₹5.70 Cr |
| 22 Jun 2025 | Awarded contract by Finance Department, Government of Assam for technical support and O&M of Financial Management Information System (FMIS)Source: tendertiger.co.in | ₹42.22 Cr |
| 20 May 2025 | Issued Letter of Intent in consortium with G R Infraprojects and Annu Projects for BharatNet Phase-III Kerala Package 16 middle-mile networkSource: images.moneycontrol.com | – |
| 09 May 2025 | Selected as L1 bidder for SITC of telecom equipment for Wideband Communication Infrastructure by Damodar Valley CorporationSource: biharinfratales.com | ₹123.91 Cr |
What to watch next
- Commencement of hospital and pharmacy onboarding in Qatar through early 2027
- Release of December 2026 quarterly financial results in February 2027
- Updates regarding the deployment of the E-Health Eco System and drug control modules
| Share price | ₹126.38 |
|---|---|
| Market capitalisation | ₹812.27 Cr |
| Revenue (annual) | ₹450.00 Cr |
| Net profit (annual) | ₹43.30 Cr |
| Revenue (latest quarter) | ₹104.70 Cr+19.24% vs previous quarter |
| Net profit (latest quarter) | ₹13.76 Cr+102.13% vs previous quarter |
| Promoter holding | 62.71% |
| FII holding | 3.03%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by SRIT India Limited announcing a new international order from Ooredoo QPSC in Qatar. Market figures from a third-party data provider.
