Sasken Technologies Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Telecom Software Services: 69.4% • Telecom Software Products: 30.6%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Company is almost debt free
- Latest quarter profit grew 135.1% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 20.1% CAGR over last 5 years
- Working capital cycle has improved - days down from 189 to 93
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (51.0% of PBT)
- Company has a low return on equity of 8.2% over last 3 years
- Company has a low return on capital employed of 10.2%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.11x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2300.90 | 16.72 | 832485.76 | 4.78 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1130.00 | 15.14 | 458580.27 | 4.25 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1294.00 | 20.15 | 351148.26 | 4.17 | 4626.00 | 20.34 | 34579.00 | 13.94 | 31.20 | 19.87 |
| WIPRO | 176.80 | 13.25 | 175109.01 | 6.22 | 3356.30 | 0.59 | 24478.60 | 10.59 | 18.49 | 18.93 |
| TECHM | 1592.00 | 30.38 | 156037.29 | 3.20 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4550.00 | 25.80 | 134962.70 | 1.65 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 12067.35 | 30.79 | 105086.26 | 3.31 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5655.00 | 46.38 | 89207.62 | 0.71 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1967.45 | 49.61 | 87153.72 | 0.80 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2425.35 | 24.23 | 46294.46 | 2.56 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3492.45 | 28.07 | 37047.05 | 1.66 | 3571.00 | 1029.71 | 29401.00 | 1014.73 | 27.70 | 18.65 |
| SASKEN | 1880.00 | 41.18 | 2856.00 | 1.33 | 23.52 | 135.08 | 339.24 | 24.02 | 9.72 | 9.47 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 | 103 | 96 | 109 | 123 | 135 | 145 | 148 | 274 | 255 | 250 | 334 | 339 | |
| 89 | 88 | 92 | 107 | 118 | 130 | 138 | 141 | 259 | 240 | 224 | 301 | 319 | |
| Operating Profit | 9 | 15 | 5 | 2 | 5 | 5 | 6 | 7 | 15 | 15 | 26 | 33 | 20 |
| OPM % | 9.44% | 14.21% | 4.98% | 1.86% | 4.22% | 3.36% | 4.21% | 4.78% | 5.35% | 5.87% | 10.25% | 9.93% | 5.87% |
| 22 | 10 | 18 | 21 | 17 | 19 | 9 | 10 | 8 | 10 | -2 | 15 | 10 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 9 | 9 | 10 | 10 | 11 |
| Profit before Tax | 29 | 23 | 21 | 21 | 19 | 19 | 11 | 13 | 12 | 14 | 12 | 37 | 30 |
| Tax % | 10.95% | 21.29% | 15.64% | 17.81% | 7.24% | 36.55% | 17.31% | 9.09% | 16.74% | 27.39% | 23.32% | 22.52% | 20.46% |
| Net Profit | 0 | 0 | 0 | 0 | 18 | 12 | 9 | 12 | 10 | 10 | 9 | 29 | 24 |
| 17.08 | 12.01 | 11.79 | 11.41 | 12.03 | 7.98 | 6.00 | 7.29 | 6.24 | 6.44 | 5.12 | 17.79 | 16.37 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 467 | 503 | 504 | 492 | 445 | 434 | 447 | 406 | 551 | 1,113 | 1,179 | |
| 417 | 435 | 434 | 405 | 316 | 305 | 346 | 376 | 528 | 1,025 | 1,085 | |
| Operating Profit | 50 | 68 | 70 | 87 | 129 | 129 | 101 | 31 | 23 | 88 | 94 |
| OPM % | 10.69% | 13.47% | 13.90% | 17.77% | 28.90% | 29.75% | 22.55% | 7.52% | 4.12% | 7.94% | 7.95% |
| 53 | 38 | 47 | 36 | 32 | 35 | 30 | 71 | 56 | 30 | 32 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 3 | 4 | 4 |
| Depreciation | 7 | 6 | 7 | 11 | 10 | 7 | 7 | 7 | 14 | 39 | 41 |
| Profit before Tax | 96 | 100 | 111 | 112 | 149 | 158 | 124 | 94 | 62 | 76 | 93 |
| Tax % | 12.13% | 17.29% | 18.21% | 29.60% | 23.38% | 18.76% | 19.54% | 16.06% | 18.54% | 22.65% | 22.72% |
| Net Profit | 85 | 82 | 90 | 79 | 115 | 128 | 99 | 79 | 51 | 59 | 72 |
| EPS | 48.18 | 48.17 | 52.92 | 48.57 | 76.26 | 85.22 | 65.58 | 52.21 | 33.25 | 35.51 | — |
| Dividend Payout % | 14.14% | 20.76% | 23.65% | 105.01% | 32.85% | 29.34% | 37.83% | 47.89% | 75.18% | 70.40% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 20%
- 3 Years:
- 36%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -13%
- 5 Years:
- -14%
- 3 Years:
- -18%
STOCK PRICE CAGR
- 10 Years:
- 18%
- 5 Years:
- 6%
- 3 Years:
- 24%
- 1 Year:
- 29%
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 12%
- 3 Years:
- 8%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 16 | 20 |
| 544 | 604 | 680 | 460 | 549 | 637 | 698 | 745 | 764 | 835 | |
| 0 | 0 | 0 | 4 | 0 | 0 | 2 | 12 | 26 | 26 | |
| Trade Payables | 13 | 17 | 18 | 17 | 14 | 16 | 11 | 16 | 15 | 34 |
| 85 | 88 | 75 | 115 | 85 | 95 | 88 | 117 | 118 | 234 | |
| Total Liabilities | 659 | 726 | 791 | 611 | 663 | 763 | 815 | 922 | 954 | 1,165 |
| 38 | 37 | 40 | 44 | 34 | 34 | 39 | 58 | 76 | 353 | |
| Capital Work in Progress | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| 374 | 459 | 510 | 340 | 412 | 539 | 582 | 632 | 591 | 277 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 106 | 175 | |
| Cash & Bank | 35 | 43 | 17 | 18 | 53 | 20 | 28 | 55 | 39 | 97 |
| 212 | 187 | 223 | 208 | 164 | 169 | 166 | 111 | 141 | 228 | |
| Total Assets | 659 | 726 | 791 | 611 | 663 | 763 | 815 | 922 | 954 | 1,165 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 46 | 92 | 34 | 107 | 135 | 122 | 81 | 59 | -57 | -23 | |
| Cash from Investing | 19 | -56 | -25 | 173 | -97 | -69 | -27 | 7 | 83 | 92 |
| Cash from Financing | -31 | -18 | -18 | -282 | -17 | -39 | -37 | -39 | -46 | -49 |
| 16 | 5 | -23 | 3 | 6 | -1 | 7 | 27 | -20 | 21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 49.49 | 48.17 | 52.85 | 52.37 | 76.11 | 85.21 | 66.09 | 52.21 | 33.25 | 35.51 |
| Book Value (₹) | 328.18 | 362.96 | 407.61 | 315.46 | 374.80 | 433.40 | 473.57 | 504.17 | 515.47 | 559.78 |
| Dividend per Share (₹) | 7.00 | 10.00 | 12.50 | 55.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Cash EPS (₹) | 53.36 | 51.81 | 56.71 | 59.79 | 82.87 | 89.53 | 70.58 | 57.15 | 42.64 | 64.30 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 17.71% | 21.05% | 23.23% | 25.16% | 36.00% | 37.89% | 29.20% | 7.52% | 4.12% | 7.94% |
| Net Margin % | 18.12% | 16.39% | 17.93% | 16.01% | 25.75% | 29.56% | 22.25% | 19.37% | 9.17% | 5.27% |
| ROE % | 15.97% | 13.94% | 13.72% | 13.45% | 22.05% | 21.09% | 14.57% | 10.69% | 6.56% | 7.20% |
| ROCE % | 18.15% | 16.85% | 16.76% | 19.20% | 28.84% | 25.93% | 18.03% | 12.65% | 8.32% | 9.72% |
| 13.16% | 11.89% | 11.92% | 11.24% | 17.99% | 17.99% | 12.61% | 9.07% | 5.39% | 5.54% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 68 | 57 | 58 | 65 | 66 | 62 | 63 | 62 | 57 | 46 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39 |
| 68 | 57 | 58 | 65 | 66 | 62 | 63 | 62 | 57 | 19 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.00x | 0.00x | 0.00x | 159.82x | 320.63x | 3493.30x | 925.70x | 286.54x | 23.36x | 19.94x |
| 1.88x | 1.70x | 2.97x | 2.08x | 2.50x | 1.63x | 2.26x | 1.57x | 3.38x | 2.17x | |
| GROWTH | ||||||||||
| Revenue Growth % | -3.29% | 7.65% | 0.26% | -2.40% | -9.63% | -2.46% | 3.01% | -9.07% | 35.55% | 102.06% |
| Operating Profit Growth % | 30.56% | 27.97% | 10.65% | 5.70% | 29.32% | 2.66% | -20.61% | -22.19% | -22.46% | 61.45% |
| Net Profit Growth % | -58.95% | -2.67% | 9.71% | -12.82% | 45.31% | 11.96% | -22.44% | -20.84% | -35.85% | 16.11% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -21.01% | -36.31% | 6.79% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.22x | 46.75x | 31.17x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.03x | 3.02x | 1.98x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.64% | 1.61% | 2.26% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.10x | 29.36x | 12.46x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - Sasken Technologies Limited has informed the Exchange about Schedule of meet
2026-08-28 - Sasken Technologies Limited has informed the Exchange about Schedule of meet
2026-08-17 - Sasken Technologies Limited has informed the Exchange about Schedule of meet
2026-08-13 - Sasken Technologies Limited has informed the Exchange about Schedule of meet
2026-08-06 - Sasken Technologies Limited has informed the Exchange about General Updates
2026-08-06 - Sasken Technologies Limited has informed the Exchange about Transcript
2026-08-04 - Sasken Technologies Limited has informed the Exchange regarding the approval of the Share Allotment Committee of the Company was sought by way of a circular resolution circulated on August 03, 2026. The majority assent was received on August 3, 2026 and final assent thereto was received on August 04, 2026 at 9:40 a.m.
2026-08-04 - Sasken Technologies Limited has informed the Exchange regarding Allotment of 5020 RSUs.
2026-08-04 - Sasken Technologies Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for SASKEN
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