Key Metrics of 3i Infotech Limited
About 3i Infotech Limited
Sectors
Company details
- Website
- 3i-infotech.com
- Listed
- NSE: 3IINFOLTD · ₹19.13
Operational Areas of 3i Infotech Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 12 Sep 2022 | CARE | Other | — | — | — | ₹0 | View |
| 29 Sep 2021 | CARE | Watch | BBB- | — | Stable | ₹61.9 Cr | View |
| 05 Feb 2021 | CARE | Watch | BBB | — | — | ₹238 Cr | View |
| 07 Jan 2021 | CARE | Watch | BBB | — | — | ₹254 Cr | View |
| 28 Jan 2020 | CARE | Assigned | BBB | — | Stable | ₹378 Cr | View |
Credit strengths (CARE, Sep 2021)
+ Improvement in financial risk profile
The company utilised the proceeds from the sale of its software product division, to repay the entire debt as well as redeem the preference share. For the repayment of Foreign Currency Convertible Bonds (FCCB), the entire amount has been deposited in an escrow account awaiting the RBI approval. The repayment of debt has led to improvement in financial risk profile of the company and the company has surplus cash of over Rs. 100 cr. as liquidity buffer.
+ Diversified client profile
The Services segment, provides consulting services, business optimisation services and an extensive expertise in mobility, da ta analytics, testing and application development. Owing to its presence across the globe the company is able to serve its clients by offering various services. The clients are spread across banking, finance and insurance sectors mainly. A majority of the company’s revenue is export based. Further the company also provides the services of BPO, staffing along with IT infra
Credit challenges
− Mid-size operation in an industry subject to competition from large players & high attrition among workforce
The industry in which 3i infotech operates is dominated by very large domestic and multinational players, compared to which 3i infotech’s scale of operations is much smaller as it’s a mid-size player. 3i faces intense competition from these players which constrains its revenue and profitability. Further, the skilled human resources form an integral part of the organisations such as 3i. Ability to retain quality talent continues to be a challenge in the IT industry.
− Low operating margins
The service division is a low margin business with PBILDT margin of around 5-6%. As the company competes with some of the larger players in the industry, there will be pressure on profitability margins of the company going ahead. Industry Prospects: Although global technology spending declined 3.2% in 2020, the Indian IT sector grew through the COVID-19 pandemic, driven by industry’s digital transformation and technology adoption, according to NASSCOM’s annual strategic report. The Indian IT
Could lead to an upgrade
Removal of the NPA status of the company by the lenders The ability of the company to grow the scale of operations and ensure the improvement in operating margins The ability of the company to retain talented human resources
Could lead to a downgrade
Lower than anticipated free cash and bank reserves hampering the ability of the company to procure new business Lower than expected revenue growth and operating margins
Agency-reported financials (CARE, 12 Sep 2022)
| Metric | March 31, 2021 | March 31, 2022 | Q1FY23 |
|---|---|---|---|
| Total operating income | ₹228 Cr | ₹267 Cr | ₹160 Cr |
| PBILDT | ₹36.83 Cr | ₹50.69 Cr | ₹4.76 Cr |
| PAT | ₹254 Cr | ₹8.43 Cr | ₹-7.87 Cr |
| Overall gearing (times) | 0.71× | 0.19× | — |
| Interest coverage (times) | 0.61× | 5.78× | — |
| Revenue growth (YoY) | — | 17.0% | — |
| EBITDA margin | 16.2% | 19.0% | 3.0% |
| Implied interest cost (EBITDA ÷ coverage) | ₹60.38 Cr | ₹8.77 Cr | — |
| PAT margin | 111.5% | 3.2% | −4.9% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Facilities Action Credit Long Term Bank Facilities ) | Working capital & bank lines | — | ₹61.9 Cr | — | BBB- (Stable) | Watch | CARE |
CARE ratings on record (checked 29 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Term Loan | — | Withdrawn |
Credit assessment · Services
Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Information on file | 56% · missing: Capex / investment plans, Lender details, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 37% chance the next rating action is stable or better
- Interest coverage 5.78×
Rated limits by facility
Timeline
From the report
The proceeds from the sales were utilized to repay the debt from various lenders.
From the report
Post the sale of the software division, though the revenues and operating profits have redu ced significantly, the company has adequate liquidity buffer in the for m of cash balance of over Rs. 100 crores.
From the report
The repayment of debt has led to improvement in financial risk profile of the company and the company has surplus cash of over Rs. 100 cr. as liquidity buffer.
From the report
Going forward it is understood that subsequent to the aforementioned transaction, 3i shall become a debt free company and retain surplus cash to the tune of Rs. 150 crore.
From the report
Going forward it is understood that subsequent to the aforementioned transaction, 3i shall become a debt free company and retain surplus cash to the tune of Rs. 150 crore.
From the report
Ability to retain quality talent continues to be a challenge in the IT industry Liquidity: Adequate Total cash & bank balance was Rs. 112 crore as on September 30, 2020. 3i manages its working capital requirement through internal accruals.
From the report
Going forward it is understood that subsequent to the aforementioned transaction, 3i shall become a debt free company and retain surplus cash to the tune of Rs. 150 crore.
From the report
Going forward it is understood that subsequent to the aforementioned transaction, 3i shall become a debt free company and retain surplus cash to the tune of Rs. 150 crore.
From the report
Liquidity: Adequate 3i maintained cash balance of Rs. 112.03 crore as on September 30, 2020 and manages its working capital requirement through internal accruals.
From the report
Liquidity: Stretched Although the company has a cash and bank balance of Rs.99.33 crores as on September 30, 2019, Rs. 27.04 crores are lien marked as cash margins for Bank Gaurantees.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of 3i Infotech Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Infosys |
IT Services & Consulting · IT Services | infosys.com | 1981 | India |
 Wipro |
Part of Wipro. | wipro.com | 1945 | India |
 Tata Consultancy Services |
Indian IT Services · IT Services & Software | tcs.com | 1968 | Mumbai, India |
 HCL Technologies |
Indian IT Services · IT Services & Software | hcltech.com | 1991 | New Delhi, India |
 Tech Mahindra |
IT Services & Consulting · IT Services | techmahindra.com | 1987 | Mumbai, India |
 LTM Limited |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, India |
 Coforge Limited |
Travel & Tourism · Restaurants, Hotels & Travel | coforge.com | — | Gurugram, Haryana, India |
 Mphasis |
Indian IT Services · IT Services & Software | mphasis.com | 2000 | Bangalore, India |
 Persistent Systems |
IT Services & Consulting · IT Services | persistent.com | 1990 | Pune, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Group companies
Business activities and related parties
quaternary sector of the economy
Filings
No filings on record yet.