IT services Historical case study · data as of 24 Jul 2026 · published 27 Oct 2026 (95 days later)

Birlasoft — 100-point case study

How Birlasoft looked on 50 technical and 50 fundamental measures on 24 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: BSOFT · BSE: 532400
Close on 24 Jul 2026	₹282.40
Market cap then	₹7,888 crore
Valuation	P/E 15.2× · P/B 1.92×
Momentum	RSI (14) 42 · 1-year return -28.7%
Next 3 months	+8.6% vs Nifty 50 -4.3% (to 26 Oct 2026)

Scorecard

Technical — 50 points

5 bullish · 19 neutral · 1 caution · 24 bearish — the picture leaned negative.

Fundamental — 50 points

13 bullish · 32 neutral · 1 caution · 3 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Technical analysis — 50 points

Calculated by code from daily prices up to 24 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.01%/day	Neutral	Over the last 20 sessions the regression line of closing prices was rising about 0.01% a day — a flat, sideways phase. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return -26.6%	Bearish	The 100-session trend line was down (-0.32%/day) and the stock was -26.6% over three months, so the medium-term picture was bearish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -28.7%	Bearish	Compared with a year earlier the price was -28.7%. A weak year for the stock. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 306.16 / 30W 358.14	Bearish	On the weekly chart the stock showed a weekly close below the 10-week average, which sat below the 30-week. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 331.80→304.60; lows 306.90→270.20	Bearish	The two most recent swing points showed lower swing highs and lower swing lows — classic downtrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	13.4	Neutral	ADX at 13.4 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 21.4 / –DI 22.2	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	284.89 (-0.9%)	Bearish	Close of 282.40 was 0.9% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	306.43 (-7.8%)	Bearish	Close of 282.40 was 7.8% below the 50-day SMA — the medium-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	369.02 (-23.5%)	Bearish	Close of 282.40 was 23.5% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 284.77 / 21E 290.21	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 04 May 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 17.0% below the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	-10.0% in 20 sessions	Bearish	The 50-day average fell 10.0% over the past month — declining. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	285 / 306 / 337 / 369	Bearish	The 20/50/100/200-day averages were perfectly stacked bearish (20 < 50 < 100 < 200). Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	285.25 (-1.0%)	Bearish	Anchored to the start of July, the volume-weighted average price was 285.25; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	41.5	Bearish	RSI at 41.5 reflected soft, below-average momentum. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -7.31 / signal -8.46	Bullish	MACD was above its signal line — momentum turning or staying positive. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	2.23 → 1.15	Bearish	The histogram fell over the last five sessions, meaning momentum was weakening. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-7.31	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 32.3 / %D 38.5	Bearish	Slow stochastic at 32.3 was mid-range with %K below %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-64.5	Neutral	%R of -64.5 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-49	Neutral	CCI at -49 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-2.7%	Bearish	Price changed -2.7% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.41 (bands 270.61–299.17)	Neutral	%B of 0.41 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 10.0% (10th pct of 6M)	Caution	Band width was at the 10th percentile of the last six months. A squeeze like this often precedes a larger move (direction unknown). How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹9.94 (3.5% of price)	Neutral	A typical day's range was about ₹9.94, or 3.5% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	35.5% vs 1Y 37.8%	Neutral	Annualised 30-day volatility was 35.5%, close to the one-year level of 37.8%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	270.88–308.42	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.12	Neutral	A beta of 1.12 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.47× / 5-day 0.37×	Neutral	The final session traded 0.47× its 20-day average volume and the last five sessions averaged 0.37× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 2.21	Bullish	Average volume on up days was 2.21× that on down days — accumulation-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price fell — volume diverged from price. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	-0.16	Bearish	CMF at -0.16 indicated net outflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	61.0	Bullish	MFI, a volume-weighted RSI, was 61.0. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹70 cr/day	Neutral	About ₹70 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	275.00 / 270.20	Neutral	Nearest support (prior swing lows) sat at 275.00, 2.7% below the close, then 270.20. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	304.60 / 331.80 / 337.25	Neutral	Nearest resistance (prior swing highs) sat at 304.60, 7.9% above the close, then 331.80, 337.25. How to read: Information only.
40	Monthly pivot points (for next month)	P 285.73 \| R1 301.27 \| S1 266.87	Neutral	Classic pivots from July's high/low/close gave a pivot of 285.73; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 318 \| 38.2% 348 \| 50.0% 372 \| 61.8% 396	Neutral	Measuring the 6-month fall from 474.00 to 270.20, the close was nearest the 23.6% retracement at 318.30. How to read: Information only.
42	52-week high / low	H 474.00 / L 270.20	Bearish	The close was 40.4% below the 52-week high and 4.5% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	3 open; latest gap-up 10 Jul at 276.25	Neutral	There were 3 unfilled gap(s). The latest, a gap-up on 10 Jul 2026, left an open level at 276.25 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	counter-trend bounce inside a larger downtrend	Neutral	Rule-based pattern scan: counter-trend bounce inside a larger downtrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 270.20–313.45	Neutral	The close was inside the prior 20-day range of 270.20–313.45. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Bullish engulfing	Bullish	On 24 Jul the candle opened 277.45, ranged 277.25–286.00 and closed 282.40: Bullish engulfing. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 326.89–353.12; Tenkan 290.75 / Kijun 300.35	Bearish	Price was below the cloud and the Tenkan line was below the Kijun line — a bearish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -7.2% / 3M -25.0%	Bearish	The stock underperformed the Nifty 50 by 25.0 points over three months and underperformed by 7.2 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty IT	3M -22.1%	Bearish	Against its sector index (Nifty IT) the stock was 22.1 points behind over three months. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	5 bullish · 24 bearish · 19 neutral · 1 caution	Bearish	Across the 49 readings the technical picture leaned negative. Levels that mattered: support 275.00, resistance 304.60. This is a description of the chart on 24 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 24 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 24 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	15.2×	Neutral	At ₹282.40 the market valued the company at about ₹7,888 crore, or 15.2× the ₹518 crore profit of the four quarters to Mar 2026. That is a moderate multiple. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	1.92×	Neutral	Market cap was 1.92× the Mar 2026 book value (equity + reserves) of ₹4,113 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	1.49×	Neutral	The company was valued at 1.49× its trailing-12-month sales of ₹5,311 crore. How to read: Information only.
4	EV / EBITDA (approx.)	9.3×	Neutral	Enterprise value (market cap + ₹141 cr borrowings; cash not netted) was 9.3× trailing operating profit of ₹866 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	6.6%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹6.6 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	0.95	Bullish	P/E of 15.2 divided by 3-year profit growth of 16.0% a year gives a PEG of 0.95. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	2.30%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹6.5 a share, a 2.30% yield on the ₹282.40 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹7,888 cr	Neutral	At about ₹0.08 lakh crore the company was a small-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹247.88 vs ₹282.40	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹247.88; the price was 14% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	-1.2%	Bearish	Revenue for FY26 was ₹5,310 crore, -1.2% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+2.4%	Neutral	The Jan–Mar 2026 quarter brought ₹1,349 crore of revenue, +2.4% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+0.2%	Neutral	FY26 net profit was ₹518 crore, +0.2% on FY25's ₹517 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+44.3%	Bullish	Quarterly profit was ₹176 crore versus ₹122 crore a year earlier (+44.3%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	3.5%	Bearish	Revenue compounded at 3.5% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	16.0%	Bullish	Net profit compounded at 16.0% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	8.3%	Neutral	Over five years (FY21–FY26) revenue compounded at 8.3% a year. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	-0.3%	Bearish	Reported EPS went from ₹18.60 to ₹18.55 (-0.3%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	16%	Neutral	Operating profit (EBITDA) was 16% of sales in FY26 versus 13% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	12% → 16% → 18% → 18%	Bullish	Quarterly margins moved from 12% to 18% over the last four quarters — expanding. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	9.8%	Neutral	₹9.8 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	13.6%	Neutral	FY26 profit was 13.6% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	21%	Bullish	Return on capital employed (debt + equity) was 21% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	9.84%	Neutral	Net profit was 9.84% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	34%	Neutral	The company paid about 34% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	3%	Neutral	Non-operating 'other income' of ₹24 crore made up 3% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.03	Bullish	Borrowings of ₹141 crore were 0.03× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.16×	Bullish	Debt equalled 0.16 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	40.5×	Bullish	Earnings before interest and tax covered interest cost 40.5 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+18.2%	Bullish	Shareholders' equity grew +18.2% from ₹3,479 crore to ₹4,113 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹2 cr (0% of fixed assets)	Neutral	Projects under construction (CWIP) were 0% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	38 days	Neutral	Working capital tied up equalled 38 days of sales (FY25: 32). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	83 days	Neutral	It took 83 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	83 (FY25 67)	Caution	Customers took 83 days on average to pay, versus 67 a year earlier — a notable stretch in collections. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹481 cr	Neutral	The business generated ₹481 crore of operating cash in FY26 versus ₹588 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	₹441 cr	Bullish	After capital spending, free cash flow was ₹441 crore. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	0.93×	Neutral	Operating cash flow was 0.93× reported profit — reasonable cash backing. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	5.6%	Bullish	FY26 free cash flow was 5.6% of the snapshot market cap. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	₹1,681 cr	Bullish	Free cash flow over FY24–FY26 added up to ₹1,681 crore. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	₹40 cr	Neutral	Implied capital expenditure was about ₹40 crore, 0.8% of sales. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	35%	Neutral	The company paid out about 35% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	29% / 35% / 35%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹56 cr → ₹56 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	40.38% (-0.25 pts YoY)	Neutral	Promoters owned 40.38% at Jun 2026 versus 40.63% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	12.78% (+0.40 pts YoY)	Neutral	FIIs held 12.78% at Jun 2026, up from 12.38% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	21.98% (-0.44 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 21.98%, down from 22.42%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	4.0 lakh (-11.5% YoY)	Neutral	The shareholder count moved from 4.5 lakh to 4.0 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	5/8	Neutral	Passed: positive profit, positive operating cash flow, leverage fell, operating margin improved, no meaningful dilution (<3%). Failed: CFO > net profit, ROA improved, asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	2 strength(s) · 1 weakness(es)	Neutral	Strengths: Company is almost debt free; Company has been maintaining a healthy dividend payout of 32.9%. Weaknesses: The company has delivered a poor sales growth of 8.35% over past five years. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	13 bullish · 3 bearish · 32 neutral · 1 caution	Bullish	On the numbers published by 24 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 15.2×, P/B 1.92×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 24 Apr 2026 – 24 Jul 2026 that an investor could have known on the snapshot date.

29 Apr 2026 Birlasoft reschedules Q4 FY26 earnings call to 6:00 pm on May 6 — In a filing to BSE/NSE, Birlasoft said Q4 and FY2025-26 results would be announced on May 6, 2026, and moved its earnings conference call that day from 5:30 pm to 6:00 pm IST. source
06 May 2026 Birlasoft Q4 FY26: revenue Rs 13,486 million, PAT up 44.1% YoY; Rs 4 final dividend recommended — Q4 FY26 revenue rose 2.4% YoY and 0.1% QoQ in rupee terms (down 3.7% QoQ in USD). EBITDA margin was 18.5%, PAT Rs 1,759 million (adjusted PAT Rs 2,019 million excluding a one-time tax charge), deal TCV USD 208 million. The board recommended a final dividend of Rs 4 per share. source
13 May 2026 Birlasoft shares hit 52-week low after five straight losing sessions — The stock fell for a fifth consecutive session to a new 52-week low around Rs 320, trading below its 5- to 200-day moving averages; one-year return was about -24% versus about -8% for the Sensex. source
24 Jun 2026 Birlasoft fixes July 10 as record date for Rs 4 final dividend — Birlasoft set July 10, 2026 as the record date for the FY26 final dividend of Rs 4 per share (200% of face value), subject to shareholder approval at the 35th AGM scheduled for July 27, 2026 via video conference. source

What happened next (24 Jul 2026 → 26 Oct 2026)

Price went from ₹282.40 to ₹306.60 by 26 Oct 2026 (+8.6%) while the Nifty 50 moved -4.3% — outperforming by 12.8 points.
Highest ₹331.00 on 06 Aug 2026; lowest ₹267.05 on 01 Oct 2026.
S1 275.00: broken on a closing basis on 25 Sep 2026.
S2 270.20: broken on a closing basis on 29 Sep 2026.
R1 304.60: cleared on a closing basis on 29 Jul 2026.
R2 331.80: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 28 Jul 2026): revenue ₹1,379 crore (+7.3% YoY), net profit ₹161 crore (+51.9% YoY), operating margin 16% vs 12% a year earlier (Screener consolidated figures).

Later news

28 Jul 2026 Birlasoft Q1 FY27: PAT up 51.3% YoY to Rs 1,610 million; revenue up 7.4% YoY — Q1 FY27 revenue was Rs 13,794 million (up 2.3% QoQ, 7.4% YoY; USD revenue down 0.1% QoQ). EBITDA margin 16.1%, PAT Rs 1,610 million, deal TCV USD 169 million (up 20% YoY), headcount 11,057. source
01 Aug 2026 Birlasoft gains 7% in week after Q1 results — Shares rose about 7% in the week of July 27-31, 2026, from about Rs 282.5 to Rs 302.4, versus a 2.4% gain in the Sensex, following the Q1 FY27 results. source
08 Oct 2026 Birlasoft named an OpenAI Select Partner — Birlasoft joined OpenAI's partner network to build and deploy AI solutions for enterprise clients, focusing on manufacturing, life sciences and energy and utilities. source
21 Oct 2026 Birlasoft to announce Q2 FY27 results on October 28; board to consider interim dividend — The board will meet on October 28, 2026 to approve results for the quarter and half-year ended September 30, 2026, and will also consider an interim dividend. source

Educational summary. On 24 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved +8.6% against -4.3% for the Nifty 50. Here the chart's message did not line up neatly with what followed — a reminder that indicators describe the past, not the future. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Birlasoft today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 27 Oct 2026); index — Nifty 50, Nifty IT via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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