Company Overview

Enfuse Solutions Ltd, incorporated in 2017, is a global information technology company specializing in integrated digital solutions. The company offers services across Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence (ML & AI), and Edtech & Technology Solutions. Initially established as 'Enfuse Solutions Private Limited', it was converted into a Public Limited Company on November 24, 2023. Enfuse Solutions provides these services by combining custom-designed data processes, domain specialists, and in-house software to streamline and automate operations.

Business Segments and Services

Enfuse Solutions operates across several key domains:

- Data Management & Analytics: Organizing and analyzing data to provide insights for informed decision-making, including Master Data Management and Product Information Management.

- E-commerce & Digital Services: Developing and optimizing digital platforms for seamless online experiences, covering E-commerce platform management, content management, and Digital Marketing.

- Machine Learning & AI: Offering advanced technological solutions such as tagging/labeling, transcription, and data annotation for AI model training.

- Edtech & Technology Solutions: Leveraging technology to enhance educational experiences and providing overall technological solutions like live proctoring, record and review systems, and student counseling.

The company also provides outsourced professional and managed services, including comprehensive data annotation and tagging for AI/ML enablement across images, audio, video, and text.

Financial Performance and Market Position

Enfuse Solutions Ltd reported revenue of ₹43.5 Cr and a profit of ₹3.25 Cr, with a market capitalization of ₹200 Cr as of June 2025 (showing a 13.5% increase in one year). The company is listed on the NSE SME platform under the symbol ENFUSE.

Key Financial Metrics:

- Revenue: ₹43.5 Cr

- Profit: ₹3.25 Cr

- Market Capitalization: ₹226.50 Cr (June 2025)

- P/E Ratio: 69.91 (as of June 10, 2025)

- P/B Ratio: 7.10 (as of June 10, 2025)

- ROE: 27.94% (for the last reported financial year on a consolidated basis)

- ROCE: 14.6%

- Book Value: ₹39.6

- Face Value: ₹10.0

Market Performance and Valuation

As of June 10, 2025, Enfuse Solutions Ltd (ENFUSE) has a market capitalization of ₹226.50 Cr. The stock's 52-week high is ₹282, and the 52-week low is ₹111.80.

IPO and Listing Details

The Enfuse Solutions IPO was open for bidding from March 15 to March 19, 2024, with allotment finalized on March 20, 2024. The shares were listed on NSE SME on March 22, 2024. The IPO price band was set at ₹96 per share, with the issue being entirely a fresh issue of 23.38 lakh shares amounting to ₹22.44 crores.

Shareholding Pattern

In the last reported quarter, the shareholding pattern for Enfuse Solutions Ltd shows:

- Promoters: 73.6%

- FIIs: 0.3%

- Public: 26.1%

The stable promoter holding indicates strong management confidence in the company's future growth.

Geographic Presence and Operations

Enfuse Solutions operates two delivery centers located in Thane, Maharashtra, and Vikroli, Mumbai, Maharashtra. The company serves clients both domestically within India and internationally, exporting services to countries such as the US, Ireland, the Netherlands, and Canada.

Recent Corporate Developments

- Resignation: The Company Secretary has resigned.

- Interim Compliance Officer: The Managing Director has been appointed as the interim Compliance Officer, effective from June 11, 2025.

- Exchange Clarification: The Exchange has sought clarification from Enfuse Solutions Limited regarding its financial results for the quarter ended March 31, 2025, in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015.

Sector Classification and Competitive Positioning

Enfuse Solutions Ltd (ENFUSE) is classified within the Information Technology sector, specifically the IT Services & Consulting sub-sector. The company competes in the dynamic digital transformation and AI/ML services market, positioning itself as a specialized provider of integrated digital solutions across various industry verticals.

Working Capital and Operational Metrics

Recent operational metrics highlight areas for attention:

- Debtor Days: Increased from 80.4 to 107 days.

- Working Capital Days: Increased from 101 days to 231 days.

These trends suggest potential challenges in working capital management that the company may need to address.

Enfuse Solutions represents an emerging player in the IT services space, with a strategic focus on high-growth areas like AI/ML and digital transformation. Investors are advised to closely monitor working capital trends and overall operational efficiency metrics.