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Trigyn Technologies Limited (IN:TRIGYN)
:TRIGYN
India Market

Trigyn Technologies Limited (TRIGYN) AI Stock Analysis

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IN:TRIGYN

Trigyn Technologies Limited

(TRIGYN)

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Neutral 59 (OpenAI - 5.2)
Rating:59Neutral
Price Target:
₹48.00
▼(-37.57% Downside)
Action:ReiteratedDate:04/02/26
The score is primarily supported by solid financial stability (low leverage) and improved recent free cash flow, but it is meaningfully offset by weak price momentum (below major moving averages with bearish MACD) and an elevated P/E that reduces valuation support.
Positive Factors
Strong balance sheet
A high equity ratio and low leverage provide durable financial flexibility, reducing refinancing and solvency risk. This strength supports long-term contract execution, investment in service capability, and resilience through cyclical IT spending downturns without needing frequent external funding.
Negative Factors
Inconsistent revenue growth
Erratic top-line trends undermine scale benefits in staffing-driven IT services, making utilization forecasting, hiring cadence, and long-term client investment harder. Over several quarters this reduces predictability of cash flows and complicates strategic planning for sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A high equity ratio and low leverage provide durable financial flexibility, reducing refinancing and solvency risk. This strength supports long-term contract execution, investment in service capability, and resilience through cyclical IT spending downturns without needing frequent external funding.
Read all positive factors

Trigyn Technologies Limited (TRIGYN) vs. iShares MSCI India ETF (INDA)

Trigyn Technologies Limited Business Overview & Revenue Model

Company Description
Trigyn Technologies Limited (TRIGYN) is a global provider of information technology services and solutions, specializing in software development, IT consulting, and staffing services. The company operates across various sectors, including governme...
How the Company Makes Money
Trigyn primarily makes money by delivering IT services under client contracts. Key revenue streams typically include: (1) project-based services where the company designs, builds, and/or maintains software applications and charges clients based on...

Trigyn Technologies Limited Financial Statement Overview

Summary
Financials are supported by a strong balance sheet (high equity ratio, low leverage) and improving recent free cash flow, but are held back by inconsistent revenue growth and weakening profitability (declining EBIT and net profit margins, recent drop in revenue and net income).
Income Statement
65
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue9.14B8.98B12.80B12.73B10.41B9.85B
Gross Profit3.18B4.13B4.58B4.20B3.15B3.04B
EBITDA215.41M342.52M467.44M672.79M671.35M938.87M
Net Income44.56M117.69M199.63M346.77M390.72M621.73M
Balance Sheet
Total Assets9.16B9.03B8.74B8.56B7.55B6.83B
Cash, Cash Equivalents and Short-Term Investments4.13B4.23B3.36B1.38B2.15B1.96B
Total Debt67.42M127.60M46.98M67.83M73.56M102.27M
Total Liabilities1.55B1.62B1.72B1.75B1.47B1.25B
Stockholders Equity7.62B7.41B7.01B6.81B6.08B5.58B
Cash Flow
Free Cash Flow-620.88M513.66M1.25B-576.57M292.02M771.81M
Operating Cash Flow-612.72M514.92M1.26B-520.73M449.63M802.23M
Investing Cash Flow114.16M157.48M682.98M-628.59M-314.57M-14.27M
Financing Cash Flow-12.48M-34.55M-37.42M-28.16M-56.37M-45.95M

Trigyn Technologies Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price76.88
Price Trends
50DMA
53.74
Negative
100DMA
61.34
Negative
200DMA
70.92
Negative
Market Momentum
MACD
-2.96
Negative
RSI
45.31
Neutral
STOCH
44.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRIGYN, the sentiment is Negative. The current price of 76.88 is above the 20-day moving average (MA) of 46.57, above the 50-day MA of 53.74, and above the 200-day MA of 70.92, indicating a bearish trend. The MACD of -2.96 indicates Negative momentum. The RSI at 45.31 is Neutral, neither overbought nor oversold. The STOCH value of 44.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TRIGYN.

Trigyn Technologies Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
₹2.32B28.040.84%-10.39%-52.44%
66
Neutral
₹2.14B11.6020.62%1.68%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
59
Neutral
₹1.42B74.37-16.31%-9.79%
55
Neutral
₹3.11B40.24-6.88%
54
Neutral
₹1.23B63.140.26%9.12%22.53%
54
Neutral
₹1.44B-6.200.49%30.15%330.45%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:TRIGYN
Trigyn Technologies Limited
46.25
-23.82
-33.99%
IN:3IINFOLTD
3i Infotech Limited
15.00
-4.76
-24.09%
IN:AARTECH
Aartech Solonics Ltd.
38.87
-13.97
-26.44%
IN:DEVIT
Dev Information Technology Ltd
25.60
-15.66
-37.95%
IN:DRCSYSTEMS
DRC Systems India Limited
14.83
-9.94
-40.13%
IN:INTENTECH
Intense Technologies Limited
98.01
7.69
8.51%

Trigyn Technologies Limited Corporate Events

Trigyn Technologies Chairman Dr. Satyam Cherukuri to Step Down in April 2026
Mar 9, 2026
Trigyn Technologies Limited has announced that Chairman and Non-Executive Director Dr. Satyam Cherukuri has resigned from the board, effective April 7, 2026, citing personal circumstances requiring his full attention. He will also step down from t...
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.Date of analysis: Apr 02, 2026