63 Moons Technologies Ltd. (63MOONS) AI Stock Analysis

• Market Cap: ₹34.96B
• Dividend Yield: 0.16%
• Average Volume (3M): 8.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -72.26%
• EPS Growth: -142.14%
• Country: IN
• Employees: 863
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Services
• EPS (TTM): -6.13
• Shares Outstanding: 46,078,537
• 10 Day Avg. Volume: 8,561
• 30 Day Avg. Volume: 8,366
• PEG Ratio: 0.77
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 64.81
• P/FCF Ratio: -19.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹893.00 ▲(20.63% Upside)

63 Moons Technologies Ltd. faces significant financial challenges with declining revenue and profitability, which heavily impacts its overall score. Technical analysis shows mixed signals, with overbought indicators suggesting potential price corrections. The stock's valuation is concerning due to negative earnings and a low dividend yield. These factors combined result in a low overall stock score.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to withstand economic fluctuations and invest in growth opportunities.

Strategic Partnerships

Strategic partnerships enhance market presence and contribute to steady earnings, supporting long-term growth by expanding the customer base and increasing revenue streams.

Market Demand

Increasing demand for financial technology solutions positions the company well for future growth, as it can capitalize on industry trends and expand its market share.

Negative Factors

Declining Revenue

Declining revenue indicates potential challenges in maintaining market position and competitiveness, which could impact long-term profitability and growth prospects.

Negative Cash Flow

Negative cash flow trends can lead to liquidity issues, limiting the company's ability to invest in growth initiatives and meet financial obligations, affecting long-term sustainability.

Profitability Challenges

Deteriorating profitability and net losses suggest operational inefficiencies and cost management issues, which could hinder the company's ability to generate sustainable earnings over time.

63 Moons Technologies Ltd. Business Overview & Revenue Model

Company Description

63 Moons Technologies Ltd. is a holding company, which engages in the provision of computer programming, consultancy, and related services. The company is headquartered in Mumbai, Maharashtra and currently employs 872 full-time employees. The firm's segments include STP Technologies/solutions, Exchange based, Storage & Allied Services, and Others. Its STP Technologies/solutions segment offers straight through processing solutions and includes an integrated mix of various products, projects and services incidental thereto. The Exchange Based segment offers trading platform for multi asset class, such as commodity, equity, equity derivatives and forex-based derivatives. The Storage and Allied services segment offers warehousing and collateral management services. The Others segment consists of various services towards trading, procurement, process management, risk consultancy activities, shared business support services, information technology infrastructure sharing, non-banking financial company (NBFC) related activities, Internet telecommunication services and training, certification and franchise fees.

How the Company Makes Money

63 Moons generates revenue through multiple streams, primarily by selling software licenses and providing technology services to exchanges and financial institutions. Its core revenue model includes transaction-based fees from its trading platforms, subscription fees for its software solutions, and consulting services related to technology implementation and support. Additionally, the company has formed strategic partnerships with various financial institutions and exchanges, which enhance its market presence and contribute to steady earnings. The growing demand for technology-driven solutions in the financial sector also plays a crucial role in driving its revenue growth.

63 Moons Technologies Ltd. Financial Statement Overview

Summary

The company faces significant challenges with declining revenue and profitability, as indicated by a negative gross profit margin and substantial net losses. While the balance sheet is strong with low leverage, cash flow issues are emerging, requiring careful management to avoid liquidity problems.

Income Statement

The income statement shows significant volatility with a recent sharp decline in revenue and profitability. The gross profit margin is negative in the latest year, indicating inefficiencies or high costs. Net profit margins have also deteriorated, with substantial net losses recorded in the latest TTM period compared to previous profitable years. Revenue growth has reversed, showing a decline from the previous year, which is concerning for future prospects.

Balance Sheet

The balance sheet remains relatively robust, with a strong equity base and a low debt-to-equity ratio, indicating low financial leverage. The equity ratio is high, suggesting a stable financial structure. However, the declining net income impacts return on equity, which has turned negative in the latest period. Overall, the company maintains a solid asset base, which is a positive indicator of financial health.

Cash Flow

Cash flow analysis reveals a negative trend in operating cash flows, with the latest TTM showing significant negative operating cash flow. Free cash flow has also turned negative, indicating potential liquidity issues if this trend continues. The ratios of operating and free cash flows to net income are unfavorable, suggesting inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	941.41M	468.20M	4.72B	2.90B	1.60B	1.60B
Gross Profit	-491.02M	-732.77M	2.70B	1.25B	296.16M	384.54M
EBITDA	-36.14M	-2.35B	2.32B	410.99M	-632.87M	-447.49M
Net Income	-247.36M	-331.70M	2.23B	-163.09M	-531.73M	-632.93M
Balance Sheet
Total Assets	0.00	36.79B	36.45B	34.66B	33.68B	33.46B
Cash, Cash Equivalents and Short-Term Investments	20.84B	20.84B	14.23B	15.74B	15.42B	13.63B
Total Debt	0.00	28.48M	51.71M	42.02M	2.79M	4.96M
Total Liabilities	-34.36B	2.43B	3.27B	3.75B	2.91B	2.91B
Stockholders Equity	34.36B	34.14B	33.47B	31.15B	30.96B	30.91B
Cash Flow
Free Cash Flow	0.00	-1.54B	1.65B	510.60M	-1.28B	-392.11M
Operating Cash Flow	0.00	-1.43B	1.70B	707.12M	-1.02B	-357.95M
Investing Cash Flow	0.00	-477.47M	-999.70M	499.84M	749.72M	600.35M
Financing Cash Flow	0.00	1.65B	217.29M	189.20M	808.04M	-4.26M

63 Moons Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 740.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:63MOONS, the sentiment is Negative. The current price of 740.25 is below the 20-day moving average (MA) of 783.03, below the 50-day MA of 785.76, and below the 200-day MA of 846.10, indicating a bearish trend. The MACD of -8.09 indicates Positive momentum. The RSI at 41.33 is Neutral, neither overbought nor oversold. The STOCH value of 9.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:63MOONS.

63 Moons Technologies Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIGNITITEC	80 Outperform	₹49.84B	17.28	―	―	13.58%	104.94%
RSYSTEMS	73 Outperform	₹49.46B	26.19	―	2.98%	8.36%	36.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AVALON	59 Neutral	₹57.28B	64.48	―	―	46.80%	201.41%
NPST	58 Neutral	₹30.04B	99.23	―	0.14%	-36.28%	-44.04%
IKIO	54 Neutral	₹13.82B	71.39	―	0.56%	11.73%	-64.05%
63MOONS	47 Neutral	₹34.96B	-110.50	―	0.16%	-72.26%	-142.14%

63 Moons Technologies Ltd. Corporate Events

NCLT Approves NSEL’s One-Time Settlement with Traders

The National Company Law Tribunal (NCLT) in Mumbai has approved a significant One-Time Settlement Scheme between National Spot Exchange Limited (NSEL) and its traders, facilitated by 63 Moons Technologies Ltd. The settlement involves a payment of Rs. 1,950 crores to 5,682 traders, resolving outstanding legal cases and transferring traders’ rights to 63 Moons, showcasing the company’s commitment to supporting traders despite no direct financial obligation.