1. At a Glance
If there was ever a company that screams “bro we do everything futuristic”, it’s Kody Technolab Ltd. Robots? Yes. AI? Obviously. App development? Throw it in. Overseas subsidiary in Dubai? Why not. Humanoid robot named Skanda? Full Bollywood climax loading.
As of early Feb 2026, Kody Technolab is sitting at a market cap of roughly ₹959 crore, trading around ₹752, down a brutal ~42% over 1 year (welcome to SME reality), but still flaunting a ROE of 22% and an eye-popping OPM of 35% for FY25. Sales for FY25 clocked in at ₹71.8 crore, with PAT of ₹17.6 crore, which means margins that most IT midcaps would politely envy.
But don’t get carried away yet. This is not TCS in diapers. This is a services-heavy SME with 177 debtor days, frequent CFO changes, convertible warrants raining from the sky, and a valuation that still assumes future greatness. Curious already? Good. Keep reading.
2. Introduction – Silicon Valley Dreams, SME Balance Sheet
Kody Technolab was incorporated in 2017, which means it’s still young enough to call itself a startup, but old enough to be judged like a listed company. The business positioning is ambitious: combine IT services + AI + robotics + automation and sell it to the world. Sounds sexy. Sounds expensive. Sounds like a PowerPoint investor deck came alive.
They claim delivery of 250+ projects across 30+ countries, with revenue split heavily tilted toward services (~79%), while actual robot manufacturing is still a smaller piece (~18%). Translation? Right now, this is more IT services with robot demos, not a hardcore manufacturing beast.
Exports contribute ~52% of revenue, which gives them global swagger but also FX mood swings. Promoters hold a chunky 73%
, so skin in the game is strong. Public float is thin, volatility is guaranteed, and price charts look like an ECG machine.
So the big question: is Kody a future robotics platform… or just a high-margin IT services SME wearing a robot costume?
3. Business Model – WTF Do They Even Do?
Let’s explain Kody Technolab like you’re smart, but lazy.
At its core, Kody sells software services – digital transformation, app development, AI automation, enterprise solutions. This is where the cash actually comes from.
On top of that, they’ve built a robotics product layer:
- Dasher – a hospitality delivery robot (restaurants, hospitals, offices). Think Zomato waiter, minus salary and attitude.
- Athena – surveillance robot with AI-based people detection, thermal imaging, 360° recording. Basically a night watchman who never sleeps.
- Vulcan – autonomous floor-cleaning robot for hospitals and factories. Expensive jhaadu with a PhD.
- Telos – robotic arm for assembly, painting, packaging. Industrial clients only, no home jugaad.
And then comes the grand vision stuff:
- Humanoid robot “Skanda” (defence, logistics, hospitality).
- Retail navigation + advertising robots (screens + ads + wheels = money?).
So the model is:
- Earn stable cash from IT services
- Fund robotics R&D
- Pray robots
