63 Moons Technologies Ltd. (IN:63MOONS)
:63MOONS
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63 Moons Technologies Ltd.
(63MOONS)
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Rating:50Neutral
Price Target:
₹688.00
▼(-5.19% Downside)
Action:Reiterated
Date:05/21/26
Overall score reflects a strong, low-leverage balance sheet but meaningfully offset by unstable profitability and a recent shift to operating/free-cash-flow burn. Technicals are mixed and valuation is constrained by negative earnings, with a high dividend yield that may be less reliable given current fundamentals.
Positive Factors
Strong balance sheet / low leverage
Very low leverage and a large equity base give the company durable financial flexibility. This structural strength supports longer product development cycles, absorbs periods of cash burn, and enables capital allocation choices (invest, acquire, or support clients) without immediate financing pressure.
Negative Factors
Unstable and negative profitability
Persistent swings to negative gross profit and deep operating losses undermine sustainable earnings power. Structural profitability weakness constrains reinvestment, limits ability to fund growth internally, and raises execution risk for transitioning to higher-margin recurring models.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet / low leverage
Very low leverage and a large equity base give the company durable financial flexibility. This structural strength supports longer product development cycles, absorbs periods of cash burn, and enables capital allocation choices (invest, acquire, or support clients) without immediate financing pressure.
Read all positive factors
63 Moons Technologies Ltd. (63MOONS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.72B
Dividend Yield0.16%
Average Volume (3M)8.37K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth106.23%
EPS Growth32.34%
CountryIN
Employees863
SectorTechnology
Sector Strength88
IndustrySoftware - Services
Share Statistics
EPS (TTM)-6.36
Shares Outstanding46,078,537
10 Day Avg. Volume8,561
30 Day Avg. Volume8,366
Financial Highlights & Ratios
PEG Ratio2.14
Price to Book (P/B)0.61
Price to Sales (P/S)10.24
P/FCF Ratio-12.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
63 Moons primarily makes money by selling and supporting technology products and services used by exchanges, brokers, clearing entities, and other financial-market participants. Key revenue streams typically include: (1) Software/platform revenues...
63 Moons Technologies Ltd. Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
82
Very Positive
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 762.49M | 2.12B | 468.20M | 4.72B | 2.90B | 1.60B |
| Gross Profit | -1.13B | -260.28M | -732.77M | 2.70B | 1.25B | 296.16M |
| EBITDA | -200.40M | -2.82B | -2.35B | 2.32B | 410.99M | -632.87M |
| Net Income | -341.00M | -224.34M | -331.70M | 2.23B | -163.09M | -531.73M |
Balance Sheet | ||||||
| Total Assets | 38.69B | 38.87B | 36.79B | 36.45B | 34.66B | 33.68B |
| Cash, Cash Equivalents and Short-Term Investments | 22.21B | 19.56B | 20.84B | 14.23B | 15.74B | 15.42B |
| Total Debt | 52.99M | 54.22M | 28.48M | 51.71M | 42.02M | 2.79M |
| Total Liabilities | 2.89B | 2.37B | 2.43B | 3.27B | 3.75B | 2.91B |
| Stockholders Equity | 34.94B | 35.49B | 34.14B | 33.47B | 31.15B | 30.96B |
Cash Flow | ||||||
| Free Cash Flow | -1.36B | -1.77B | -1.54B | 1.65B | 510.60M | -1.28B |
| Operating Cash Flow | -1.33B | -1.34B | -1.43B | 1.70B | 707.12M | -1.02B |
| Investing Cash Flow | -304.36M | -1.20B | -477.47M | -999.70M | 499.84M | 749.72M |
| Financing Cash Flow | 1.94B | 2.55B | 1.65B | 217.29M | 189.20M | 808.04M |
63 Moons Technologies Ltd. Technical Analysis
Positive
725.70
Price Trends
618.49
Positive
642.11
Positive
750.49
Negative
Market Momentum
12.70
Positive
53.73
Neutral
48.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:63MOONS, the sentiment is Positive. The current price of 725.7 is above the 20-day moving average (MA) of 705.45, above the 50-day MA of 618.49, and below the 200-day MA of 750.49, indicating a neutral trend. The MACD of 12.70 indicates Positive momentum. The RSI at 53.73 is Neutral, neither overbought nor oversold. The STOCH value of 48.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:63MOONS.
63 Moons Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹21.95B | 59.05 | ― | 0.14% | -16.42% | -29.48% | |
66 Neutral | ₹34.68B | 14.03 | ― | ― | 14.00% | 94.80% | |
63 Neutral | ₹11.91B | 21.95 | ― | 0.55% | 22.52% | 16.07% | |
62 Neutral | ₹32.48B | 10.58 | ― | 3.06% | 18.27% | 49.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹97.98B | 54.75 | ― | ― | 45.99% | 76.41% | |
50 Neutral | ₹31.72B | -41.90 | ― | 0.16% | 106.23% | 32.34% |
* Technology Sector Average
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63 Moons Technologies Ltd. Corporate Events
63 Moons Launches E-Voting Postal Ballot for Special Resolutions
May 21, 2026
63 Moons Technologies has initiated a postal ballot process to seek shareholders’ approval on certain special business resolutions through remote electronic voting. The company is using the e-voting platform of KFin Technologies and will acc...
63 Moons Subsidiary Ticker Marks Milestone With FIU-Approved Tech Rollout
May 7, 2026
Ticker Limited, a subsidiary of 63 Moons Technologies, has deployed a technology platform for a client approved by the Financial Intelligence Unit in India, with the solution now live domestically and with other clients worldwide. The platform, de...
63 Moons Subsidiary Flags Incomplete Disclosure in Baron Infotech Resolution Case
May 6, 2026
63 Moons Technologies has disclosed an update from its non-material subsidiary Ticker Limited regarding an ongoing restructuring linked to Baron Infotech Limited’s insolvency resolution process. Ticker reported that the National Company Law ...
63 Moons Subsidiary 63SATS Cybertech Posts 24x Revenue Surge and Expands Cybersecurity Footprint
Apr 15, 2026
63 Moons Technologies has disclosed an investor update from its subsidiary 63SATS Cybertech Limited, highlighting substantial growth and strategic progress in its cybersecurity business. The update notes a 24-fold revenue increase from Rs 3.6 cror...
NSE Warns 63 Moons Over Misleading Disclosure on MSE Trading Engine Upgrade
Feb 23, 2026
63 Moons Technologies disclosed that it has received a warning letter from the National Stock Exchange of India over a January 27, 2026 announcement about the launch of an upgraded trading engine at the Metropolitan Stock Exchange of India. NSE sa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.