Matrix Geo Sol. (MGSL) – Share Price & Analysis

Price ₹61.50, Market Cap 89.68 (Cr), P/E 8.91x. Score: 61/100.

Financial Ratios PE Ratio Shareholding Dividend Quarterly Results Financial Statements

Matrix Geo Sol. Stock Price Today (NSE: MGSL)

Matrix Geo Sol.

MGSLIT Enabled Services

₹61.50+₹0.00 (+0.00%)

As on 01 Aug 2026, 02:48 pm ISTMarket Closed

Fundamental Score

...

Matrix Geo Sol. Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Matrix Geo Sol. share price today is ₹61.50, up +0.00% on NSE/BSE as of 1 August 2026. Matrix Geo Sol. (MGSL) is a Small-cap company in the IT Enabled Services sector with a market capitalisation of ₹89.68 (Cr). The 52-week high for MGSL share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 8.91x, MGSL is currently trading below its industry average P/E of 27.70x. The company has a Return on Equity (ROE) of 23.02% and a debt-to-equity ratio of 0.03.

Matrix Geo Sol. Share Price Chart — NSE/BSE Historical Performance

No data

High

₹61.50

Low

₹61.50

Volume

Change

+0.00%

AI Research Briefing

High-growth DaaS proxy riding the infra capex wave, but bleeding cash through bloated B2G receivables.

Research Confidence

7.5/10High

MICRO-CAP DARK HORSESharp near-term bounce (1M: 2.5%) after a heavy medium-term correction (6M: -34.01%).Extremely cheap optically at 8.91x P/E vs 27.7x industry, but reflects a deep cash flow discount.

WHAT'S HAPPENING NOW (last 2-4 weeks)

In late July 2026, Matrix Geo Solutions reported a massive execution sprint for Q1 FY27. They bagged new orders worth ₹6.41 crore across 36 projects in water, railways, and mining. The major headline is a ₹1.24 crore mandate from Central Railway for precision track geometry surveys over 300 km using drones, aimed at safely increasing train speeds to 160 kmph. Execution on international fronts is also scaling, with the Nacala Rail Corridor project in Mozambique hitting 70% completion.

CORE STORY (THE REAL GAME)

This is a Drone-as-a-Service (DaaS) infrastructure proxy. The company has aggressively pivoted from legacy geospatial mapping into high-margin drone surveying and GeoAI. They are selling the picks and shovels for the Indian government's massive capex push across railways and roadways, embedding themselves into the structural modernization theme.

WHAT IS DRIVING THE STOCK

Optically exploding growth against a depressed valuation. The company posted a 116% YoY profit surge and 97% sales jump in the latest quarter. They are trading at a deep discount P/E of 8.91x against an industry median of 27.7x. The continuous drumbeat of fresh mandate announcements is dragging speculative bids back into the counter.

BULL vs BEAR

Bull:A pure-play on the defence and infra capex boom. Winning sticky, technical contracts (like the DRIIV Foundation GeoAI pact). Transition to international projects provides a hedge against domestic government lethargy.

Bear:The balance sheet is a ticking time bomb. Receivables have bloated to roughly 90% of sales. B2G clients are starving the company of cash, leading to a catastrophic 5Y Free Cash Flow of negative ₹11.12 Cr. Tech obsolescence in the drone sector requires constant CapEx. Add severe micro/SME cap liquidity risk.

WHAT MARKET IS PRICING

The market is pricing the headline order wins and the P/E mismatch. It is deliberately ignoring the cash conversion cycle. When the delayed payments inevitably force them to raise debt or dilute equity, the growth illusion shatters.

BOTTOM LINE

A high-velocity revenue engine attached to a broken cash collection pipe; trade the order-flow momentum, but do not marry the balance sheet.

Why Now

Secured ₹6.41 crore in Q1 FY27 orders across 36 projects
Won ₹1.24 crore Central Railway track survey contract in July 2026
Recent 116% YoY profit growth flashing on screener at 8.9x P/E

Potential Catalysts

Collection of pending receivables improving working capital
New international mandates expanding outside the Indian B2G structure
Regulatory push for drone usage in PSU infra projects

Key Risks

Severe working capital stress with receivables nearing 90% of sales
5Y Free Cash Flow is heavily negative at ₹-11.12 Cr
Extreme microcap liquidity risk

Institutional Activity

Promoter holding stable at 67.26%, while FIIs reduced marginally by 1.31%.

Macro Context

Drone capex shifting from pilot phase to mass execution, backed by aggressive Union Budget 2026 allocations.

Order Book / Expansion

Bagged ₹6.41 crore in Q1 FY27 new orders and a ₹1.24 crore Central Railway contract.

Cash Flow Quality

Toxic. Record profits are not converting to cash, with 5Y FCF at ₹-11.12 Cr due to bloated debtor days.

3–6 Month Outlook

Earnings will continue to look explosive optically, but survival hinges entirely on recovering B2G dues.

Primary Thesis Risk

Massive B2G debtor days will choke working capital, triggering a liquidity crisis despite optically surging profits.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

23.02%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

30.04%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

32.05%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Matrix Geo Sol. Valuation Check

Excellent

Price to Earnings (P/E)

8.91x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

27.70x

Average P/E of all peers in this sector

Market-cap Classification

Small-cap

Higher growth potential with higher volatility.

Market Capitalisation

89.68 (Cr)

Total market value of all outstanding shares

Shareholding Pattern

Excellent

Promoter Holding

67.26%

% shares held by company founders/management

Poor

FII Holding

0.44%

% shares held by foreign institutional investors

Average

DII Holding

8.36%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

116.07%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

96.97%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.03x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

85.19x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-11.12 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Matrix Geo Sol. Fundamental Analysis & Valuation Benchmarking

Educational evaluation of MGSL across key market metrics for learning purposes.

Positive Indicators

10 factors identified

Strong Return on Equity (23.02%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (30.04%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Strong Operating Margins (32.05%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Attractive Valuation (P/E: 8.91 vs Industry: 27.70)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (116.07%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (96.97%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Conservative Debt Levels (D/E: 0.03)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (85.19x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (67.26%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Negative Free Cash Flow (₹-11.12 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 8.80%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Matrix Geo Sol. vs IT Enabled Services Peers

Peer Comparison -

Compare Matrix Geo Sol. with 10 other companies in the same sector

11 companies

Company Info	Fundamental Overall score	Valuation Price metrics	Profitability Return metrics		Financial Health Debt management	Growth 5Y performance		Dividend Yield %
Company Company name	Score Bull Run comprehensive fundamental score based on 20+ metrics	Price Current trading price of the stock	Market Cap Total value of all shares in the market	P/E Price per share divided by earnings per share	ROE Net income divided by shareholder equity	ROCE Earnings before interest and tax divided by capital employed	Debt/Eq Total debt divided by total equity	Profit 5Y Average annual profit growth over 5 years	Sales 5Y Average annual sales growth over 5 years	Dividend Annual dividend per share divided by price per share
Matrix Geo Sol.Matrix Geo Sol....Selected✓ MGSL •	61/100	₹61.50₹62	₹89.68₹89.68	8.91Average 8.9 Average	23.02%Excellent 23.02% Excellent	30.04%Excellent 30.04% Excellent	0.03Excellent 0.0 Excellent	— —	— —	0.00%
L&T Technology Services LtdL&T Technology ... LTTS • 540115	64.8/100	₹3555.40₹3555	₹37231.27₹37231.27	27.70Average 27.7 Average	21.53%Excellent 21.53% Excellent	26.71%Excellent 26.71% Excellent	0.09Excellent 0.1 Excellent	15.78%Excellent 15.78% Excellent	15.07%Excellent 15.07% Excellent	1.65%
Inventurus Knowledge Solutions Pvt LtdInventurus Know... IKS • 544309	65.9/100	₹1848.90₹1849	₹32213.44₹32213.44	44.64Average 44.6 Average	40.32%Excellent 40.32% Excellent	36.86%Excellent 36.86% Excellent	0.34Excellent 0.3 Excellent	34.25%Excellent 34.25% Excellent	42.03%Excellent 42.03% Excellent	0.00%
Tata Technologies LtdTata Technologi... TATATECH • 544028	59.1/100	₹747.65₹748	₹30817.30₹30817.30	50.27Average 50.3 Average	16.34%Good 16.34% Good	20.90%Excellent 20.90% Excellent	0.24Excellent 0.2 Excellent	20.78%Excellent 20.78% Excellent	18.25%Excellent 18.25% Excellent	1.10%
Netweb Technologies India LtdNetweb Technolo... NETWEB • 543945	67.1/100	₹4524.00₹4524	₹24894.73₹24894.73	120.95Average 121.0 Average	32.84%Excellent 32.84% Excellent	37.50%Excellent 37.50% Excellent	0.39Excellent 0.4 Excellent	90.38%Excellent 90.38% Excellent	72.54%Excellent 72.54% Excellent	0.06%
Affle India LtdAffle India Ltd... AFFLE • 542752	67.3/100	₹1586.00₹1586	₹21135.57₹21135.57	46.47Average 46.5 Average	13.79%Average 13.79% Average	16.84%Good 16.84% Good	0.00Excellent 0.0 Excellent	27.54%Excellent 27.54% Excellent	39.29%Excellent 39.29% Excellent	0.00%
Sagility India LtdSagility India ... SAGILITY • 544282	54.7/100	₹43.40₹43	₹19637.96₹19637.96	20.71Average 20.7 Average	10.54%Average 10.54% Average	13.37%Average 13.37% Average	0.11Excellent 0.1 Excellent	— —	— —	0.12%
Tritax Big Box REIT plcTritax Big Box ... BBOX • 500463	42.8/100	₹755.50₹756	₹15506.23₹15506.23	56.47Average 56.5 Average	26.84%Excellent 26.84% Excellent	22.20%Excellent 22.20% Excellent	0.90Good 0.9 Good	13.73%Good 13.73% Good	6.23%Good 6.23% Good	0.11%
Cyient LtdCyient Ltd... CYIENT • 532175	28.8/100	₹847.70₹848	₹9344.05₹9344.05	19.74Average 19.7 Average	8.61%Poor 8.61% Poor	12.28%Average 12.28% Average	0.08Excellent 0.1 Excellent	5.40%Good 5.40% Good	11.96%Good 11.96% Good	3.10%
E2E Networks LtdE2E Networks Lt... E2E •	22.6/100	₹517.15₹517	₹8458.45₹8458.45	— —	-0.95%Poor -0.95% Poor	-0.51%Poor -0.51% Poor	0.09Excellent 0.1 Excellent	— —	47.40%Excellent 47.40% Excellent	0.00%
Cigniti Technologies LtdCigniti Technol... CIGNITITEC • 534758	63.5/100	₹1260.30₹1260	₹5101.67₹5101.67	17.88Average 17.9 Average	25.96%Excellent 25.96% Excellent	34.09%Excellent 34.09% Excellent	0.02Excellent 0.0 Excellent	12.67%Good 12.67% Good	18.23%Excellent 18.23% Excellent	0.00%

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Matrix Geo Sol. Quarterly Performance

Latest quarterly metrics for MGSL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

96.97%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

116.07%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Matrix Geo Sol. Financial Statements

Annual income statement, balance sheet and cash flow for Matrix Geo Sol. (MGSL) — sourced from NSE/BSE filings.

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Fetching financial data for Matrix Geo Sol.

About MGSL (Matrix Geo Sol.)

Matrix Geo Sol. (MGSL) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the IT Enabled Services sector with a curren...t market capitalisation of ₹89.68 (Cr). Matrix Geo Sol. has delivered a Return on Equity (ROE) of 23.02% and a ROCE of 30.04%. The debt-to-equity ratio stands at 0.03, reflecting the company's capital structure. Investors tracking MGSL share price can monitor key metrics including P/E ratio, promoter holding of 67.26%, and quarterly earnings growth.

Company Details

Symbol:MGSL

Industry:IT Enabled Services

Sector:N/A

Website:N/A

MGSL Share Price: Frequently Asked Questions

What is the current share price of Matrix Geo Sol.?

Matrix Geo Sol. (MGSL) trades at ₹61.50 on NSE. Market cap ₹89.68 (Cr). Educational data only.

What is the P/E ratio of Matrix Geo Sol.?

Matrix Geo Sol. has a P/E of 8.91x vs industry average 27.70x.

What is the Bull Run score for Matrix Geo Sol.?

Matrix Geo Sol. has a Bull Run score of 61/100 based on 25+ financial parameters.

Does Matrix Geo Sol. pay dividends?

Matrix Geo Sol. has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Matrix Geo Sol.?

Matrix Geo Sol. has ROE of 23.02%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Matrix Geo Sol.?

Matrix Geo Sol. has debt-to-equity of 0.03.

Is Matrix Geo Sol. a good investment?

Bull Run gives Matrix Geo Sol. a score of 61/100. This is not investment advice — consult a SEBI-registered advisor.