💰 Financial Performance

Revenue Growth by Segment

The company achieved a revenue CAGR of 33.2% between FY22 and FY25. While specific segment-wise growth percentages are not detailed, the business focuses on end-to-end Data Centre Solutions and IT transformations. In H1 FY26, revenues were reported as higher year-on-year, though specific percentage growth for that half-year was not quantified.

Geographic Revenue Split

Not disclosed in available documents. The company is domiciled in India with its registered office in Mumbai.

Profitability Margins

Net Profit Ratio improved significantly from 9.61% in FY24 to 15.47% in FY25, a 60.97% increase. Operating Profit Ratio rose from 18% in FY24 to 22% in FY25 (up 24.57%) due to improved cost efficiency and margin management despite lower absolute revenues in FY25.

EBITDA Margin

EBITDA grew at a CAGR of 48.5% between FY22 and FY25. For H1 FY26, management noted that margins saw some moderation due to an increased share of product-heavy engagements compared to service-heavy ones.

Capital Expenditure

The company added INR 0.5548 Cr (55.48 Lakhs) to its gross block in FY24, primarily in vehicles (INR 2.38 Cr gross block) and office equipment. The Net Block of Property, Plant & Equipment stood at INR 1.31 Cr as of March 31, 2024.

Credit Rating & Borrowing

The company is virtually debt-free with a Debt-Equity Ratio of 0.00. Consequently, borrowing costs are negligible. Debt Service Coverage Ratio is also 0.00, reflecting no debt obligations.

⚙️ Operational Drivers

Raw Materials

As an IT solutions provider, 'raw materials' consist of third-party hardware and software licenses. Key components include servers, networking equipment, and security software, which represent the bulk of project-based costs.

Import Sources

Not specifically disclosed, but sourced through global technology partners operating in India.

Key Suppliers

Major OEM partners include IBM, Veritas, Dell, and Fortinet, who provide the underlying technology for Unified's data center and security solutions.

Capacity Expansion

Operational capacity is driven by human capital. The company had 38 permanent employees as of March 31, 2025, holding over 310 certifications/badges. Expansion is focused on upskilling in emerging technologies rather than physical manufacturing capacity.

Raw Material Costs

Not applicable in a traditional sense; however, the cost of goods/services is managed through OEM partnerships. Margins moderated in H1 FY26 because the share of lower-margin hardware/product sales increased relative to high-margin services.

Manufacturing Efficiency

Not applicable. Efficiency is measured by the Net Capital Turnover Ratio, which was 4.31 in FY25, down 61.09% from 11.08 in FY24, indicating a change in working capital intensity.

Logistics & Distribution

Not disclosed as a separate material cost; distribution is primarily digital or direct-from-OEM to client site.

📈 Strategic Growth

Expected Growth Rate

33.2%

Growth Strategy

Growth is targeted through the expansion of Data Centre solutions, which is an industry projected to grow from USD 10.6 Billion in 2025 to USD 21.8 Billion by 2030. Strategy involves leveraging 310+ OEM certifications to capture cloud transformation and cybersecurity demand, and maintaining a high PAT CAGR (50.4% historically).

Products & Services

Data center infrastructure, virtualization, data protection, networking, cyber security, and secure application delivery.

Brand Portfolio

Unified Data-Tech Solutions (Udtechs).

New Products/Services

Focusing on emerging technologies and upskilling in niche areas like cybersecurity and cloud to provide higher-margin managed services.

Market Expansion

Targeting India's expanding tech economy, specifically the Data Centre industry which is expected to see a CAGR of roughly 15% through 2030.

Market Share & Ranking

Not disclosed.

Strategic Alliances

Maintains strong alliances with IBM, Veritas, Dell, and Fortinet for system integration and support.

🌍 External Factors

Industry Trends

The Indian IT sector reached USD 282 billion in FY25. Future trends include a shift toward Managed & SaaS solutions and a strengthening cybersecurity ecosystem, with the domestic data center market expected to double by 2030.

Competitive Landscape

Faces competition for technical talent and from other system integration specialists in the IT infrastructure space.

Competitive Moat

The moat is built on 'switching costs' and 'technical expertise,' evidenced by 310+ specialized certifications. This makes the company a 'trusted partner' for enterprise-wide IT transformations, which are difficult for clients to migrate once implemented.

Macro Economic Sensitivity

Sensitive to client spending patterns in finance and healthcare. Inflationary pressures and currency fluctuations impact the procurement cycles of imported OEM hardware.

Consumer Behavior

Enterprises are shifting toward cloud transformation and digital-first infrastructure, driving demand for Unified's virtualization and security services.

Geopolitical Risks

Geopolitical developments are cited as factors that could impact project timelines and client procurement cycles.

⚖️ Regulatory & Governance

Industry Regulations

Subject to stringent data protection and compliance regulations, particularly in the finance and healthcare sectors. Non-compliance by the company or third-party partners poses legal and financial risks.

Environmental Compliance

Not disclosed as a material cost for this service-based IT firm.

Taxation Policy Impact

Subject to standard Indian corporate tax rates; no specific fiscal incentives were highlighted.

Legal Contingencies

The independent auditor's report does not list any material pending litigation or court cases with specific INR values. Cost records maintenance under Section 148(1) is not applicable.

⚠️ Risk Analysis

Key Uncertainties

Talent attrition is a major risk; rising employee costs or skill shortages in cybersecurity could impact delivery. Client concentration and OEM dependency are also primary risks.

Geographic Concentration Risk

Registered office and operations are concentrated in Mumbai, India.

Third Party Dependencies

High dependency on OEMs (Dell, IBM, etc.) for product supply and technical badges.

Technology Obsolescence Risk

High risk; requires continuous investment in employee certifications (310+ currently) to stay relevant in cloud and virtualization.

Credit & Counterparty Risk

Trade Receivables Turnover Ratio decreased by 52.74% (from 32.39 to 15.31), with the collection cycle slowing from 11 days to 24 days, indicating a slight deterioration in receivable quality or timing.