1.5
Strong Sell
Last Updated: 14 Feb 2026, 10:31 pm IST | Report Date: Feb 14, 2026

Melstar Information Technologies Limited Stock Analysis

MELSTAR NSE India

Melstar Information Technologies Limited (MELSTAR) is a India-based company listed on NSE. This AI-powered analysis provides investment insights based on quarterly earnings reports and financial performance metrics.

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Melstar Information Technologies presents severe distress signals with zero revenue for at least six consecutive quarters while incurring consolidated losses of ₹67 lakh in Q3 FY2026 (up 138% YoY from ₹28.11 lakh). The 9-month consolidated loss of ₹225.28 lakh is 544% higher than prior year's ₹34.99 lakh, with negative EPS deteriorating to -₹8.06 from -₹1.19. The company remains non-operational since its 2019 insolvency proceedings, awaiting unspecified business licenses with no disclosed timeline or business model details. The auditor's qualified opinion explicitly questions going concern viability despite management's optimistic assertions.

Based on: Melstar Information Technologies Limited - Financial Results (14/2/2026) (Feb 14, 2026)

AI Investment Score & Analysis

+ Key Strengths

New management appointed post-insolvency with stated intention to implement turnaround plan
Reconstituted board committees with addition of Independent Director Rose Mary Vase bringing corporate training expertise
No debt or finance costs reported in current quarter, avoiding interest burden during non-operational phase
Equity capital maintained at ₹279.37 lakh without dilution versus ₹294.37 lakh in prior year

- Key Risks

Zero revenue generation for at least six consecutive quarters with no disclosed timeline for business commencement
Consolidated net loss of ₹225.28 lakh for 9 months FY2026 represents 544% deterioration versus ₹34.99 lakh in prior year
Employee costs of ₹51.11 lakh in Q3 despite zero operations, indicating unsustainable cash burn rate
Auditor issued qualified opinion citing going concern uncertainty and dependence on unspecified business licenses and clearances
Company provides no specifics on business model, revenue projections, funding sources, or operational restart timeline
Negative EPS of -₹8.06 for 9 months represents severe shareholder value destruction versus -₹1.19 in prior year

Forward Outlook

The company remains in a pre-revenue holding pattern with no operational business since its 2019 insolvency resolution. Management claims to have implemented a turnaround plan and is awaiting business licenses to start operations, but the report provides zero details on the nature of planned business activities, expected license approval timelines, capital requirements, or revenue projections. The only tangible actions taken this quarter were governance-related (board reconstitution), not operational. With losses accelerating to ₹225.28 lakh year-to-date while generating zero revenue, the company faces imminent viability questions unless it secures immediate funding and operational licenses within the next 1-2 quarters. Investors should avoid until concrete evidence of business restart and revenue generation emerges.

Score History

All Scores

Date Report Score Sentiment AI
Feb 14, 2026 Melstar Information Technologies Limited - Financial Results (14/2/2026) 1.5 Strong Sell Claude

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Frequently Asked Questions

What is the AI Stock Score?

The AI Stock Score is a composite rating from 0-10 generated by analyzing quarterly earnings reports using three leading AI models (Google Gemini, Anthropic Claude, and OpenAI ChatGPT). Each AI independently evaluates financial performance, growth prospects, risks, and market positioning to provide an objective investment perspective.

How should I interpret Buy/Hold/Sell ratings?

Buy (7.0-10.0): Strong fundamentals and positive outlook. Hold (4.0-6.9): Mixed signals, suitable for existing positions. Sell (0-3.9): Deteriorating fundamentals or significant risks. These are AI-generated opinions for informational purposes only, not investment advice.

How is the composite score calculated?

The composite score is the mathematical average of the latest scores from each AI provider. For example, if Gemini rates 7.5, Claude rates 4.5, and ChatGPT rates 6.0, the composite score would be (7.5+4.5+6.0)/3 = 6.0. This multi-AI approach reduces bias from any single model.

How often are scores updated?

Scores are automatically generated within hours of quarterly earnings results being published on NSE. The system monitors earnings announcements 4 times daily and processes new reports immediately. Check the "Last Updated" date at the top of this page for the most recent analysis timestamp.

Is this financial advice?

No. This is AI-generated analysis for informational and educational purposes only. MarketsHost is not a SEBI-registered Research Analyst or Investment Adviser. AI models can produce inaccurate results. Always consult a qualified financial advisor and conduct your own due diligence before making investment decisions.