1. At a Glance
Unified Data-Tech Solutions Ltd (UDTSL) is the kind of company your IT friend brags about after installing “just one more firewall.” Incorporated in 2010 and freshly listed in May 2025 with a ₹144.5 crore IPO (entirely an offer for sale, because why not?), this Mumbai-based tech integrator has gone from data centers to Dalal Street with a bang.
As of November 2025, the stock trades at ₹394 with a market cap of ₹791 crore. Over the last three months, it’s up 21%, proving that sometimes the IT guy gets more returns than the fund manager. With a P/E of 26.9 and ROCE of a jaw-dropping 47.9%, this is no sleepy smallcap. ROE is an equally spicy 36.5%, and despite being debt-free, the company’s still allergic to dividends — maybe they prefer compounding over cash-outs.
In H1FY26, UDTSL clocked ₹149 crore in sales and ₹17 crore in PAT. Sales grew 40.8% year-on-year, while profit dipped 21.4%, suggesting that margins are going through a debugging phase. But with an operating profit margin (OPM) still at 13%, the company is comfortably in the green zone of the IT forest.
So what exactly is Unified Data-Tech integrating? Let’s unpack this digital suitcase.
2. Introduction
Once upon a bandwidth, in the lanes of Mumbai, a group of tech engineers decided that India’s IT chaos needed order — or at least a central server. Thus was born Unified Data-Tech Solutions, the startup that quietly became the go-to tech plumber for data centers, cybersecurity, virtualization, and everything that crashes on a Monday morning.
From Pune to Ahmedabad, the company’s technicians have been wiring up data centers faster than your Wi-Fi reconnects. But this isn’t your typical IT services story. While most firms build software, UDTSL builds the infrastructure — racks, routers, switches, and digital fortresses that keep your bank accounts and cat memes safe.
In FY24, nearly 80% of revenue came from BFSI clients. That’s right — your credit card transactions are probably bouncing off a Unified Data firewall before hitting the bank. Manufacturing (15%), IT/ITeS (2%), and Government (1.5%) fill out the rest of the pie. Basically, if it connects to the cloud and pays taxes, UDTSL is in it.
The IPO in May 2025 was a blockbuster, raising ₹144.5 crore entirely via offer-for-sale. No fresh funds came in, but early investors exited with smiles wider than their broadband pipes. Post-listing, the company’s market cap surged above ₹790 crore — not bad for a firm that started with ₹0 debt and ₹20 crore equity capital.
3. Business Model – WTF Do They Even Do?
Unified Data-Tech Solutions isn’t writing code for your favorite food app. It’s building the servers that keep it alive. The company’s bread and butter issystem integration— assembling, securing, and maintaining IT infrastructure for clients who want everything digital except accountability.
Here’s the roast and reality mix:
- Data Center Infrastructure:They sell and integrate servers, storage, networking gear, and security systems — basically the tech version of Lego but for adults with budgets.
- Virtualization & Private Cloud:VMware, Hyper-V, VDI, OpenStack — the usual suspects in the “we’ll make your system lighter but charge you heavier” game.
- Data Protection & Resiliency:Disaster recovery and high availability. Fancy ways of saying “we’ll make sure your data survives your intern’s mistakes.”
- Networking & Cybersecurity:Firewalls, VPNs, IDS/IPS — the digital equivalent of hiring bouncers for your office’s backend.
- Secure Application Delivery:Load balancers, app firewalls, and access control systems — like bouncers for the bouncers.
- Hybrid Cloud Management:Mixing public and private clouds because commitment is overrated.
Their client roster runs over 1,000 names across India, with Pune and Ahmedabad branches acting as regional servers. The top 5 clients contribute nearly 62% of revenues — meaning if one sneezes, UDTSL might catch a digital cold. But so far, the antivirus seems strong.
4. Financials Overview
Type of Result:Half-Yearly (Figures in ₹ Crores)
| Metric | Sep 2025 (Latest H1FY26) | Mar 2025 (Prev H2FY25) | Sep 2024 (YoY H1FY25) | YoY % | QoQ % |
|---|---|---|---|---|---|
| Revenue | 149 | 114 | 106 | +40.8% | +30.7% |
| EBITDA | 19 | 15 | 22 | -13.6% | +26.6% |
| PAT | 17 | 12 | 22 | -21.4% | +41.7% |
| EPS (₹) | 8.60 | 6.02 | 10.94 | -21.4% | +42.8% |
Annualised EPS:₹8.60 × 2 = ₹17.20At CMP ₹394,P/E = 22.9x, a discount to the industry average of 33.1x.
Commentary:Revenue shot up 40.8% YoY — as if the company overclocked its growth. But profits took a hit, with PAT dipping 21%. Blame rising costs, declining margins, or just the new “let’s list and chill” phase post-IPO. Yet, the EPS still looks solid enough to keep investors plugged in.
5. Valuation Discussion – Fair Value Range Only
Method 1: P/E Method
- Annualized EPS = ₹17.2
- Industry P/E = 33.1
- Applying a conservative band of 22x–30x →Fair Value Range = ₹378 – ₹516
Method 2: EV/EBITDA
- EBITDA (FY25) = ₹36 Cr
- EV = ₹791 Cr
- EV/EBITDA = 19.9xIndustry median ~22x → reasonable range₹720 – ₹850 Cr EV⇒₹345 – ₹420/share
Method 3: DCF (Simple Growth Basis)Assuming 20% PAT growth for 3 years, 10% terminal, 12% cost of equity ⇒ intrinsic value ~₹410
Fair Value Range:₹375 – ₹520 per share
(Disclaimer: This fair value range is for educational purposes only and not investment advice. Don’t sell your laptop to buy the stock.)
6. What’s Cooking – News, Triggers, Drama
In September 2025, the company received a₹27.61 crore purchase orderfor software license supply, integration, and five-year warranty — the tech version of a long-term relationship. Project completion is expected in two months, which means revenue recognition could spice up H2FY26 results.
Board meetings in November 2025 approved H1FY26 results, appointed Adfactors PR (because every IT company eventually realizes storytelling is harder than scripting), and confirmed no borrowings — a financial rarity worth bragging about.
No new subsidiaries, no debt, no drama. It’s as if the CFO runs on firewall rules — “deny all funny business.”
7. Balance Sheet
Figures in ₹ Crores
| Particulars | Mar 2023 | Mar 2024 | Sep 2025 |
|---|---|---|---|
| Total Assets | 64 | 78 | 136 |
| Net Worth (Equity + Reserves) | 39 | 64 | 115 |
| Borrowings | 0 | 0 | 0 |
| Other Liabilities | 25 | 14 | 21 |
| Total Liabilities | 64 | 78 | 136 |
Commentary:
- Company remainsdebt-free, which is rare enough to deserve

