Sancode Technologies Ltd
Incorporated in 2016, Sancode Technologies Ltd provides technology development and technical/management consultancy services[1]
- Market Cap ₹ 108 Cr.
- Current Price ₹ 266
- High / Low ₹ 272 / 40.5
- Stock P/E 1,201
- Book Value ₹ 18.7
- Dividend Yield 0.00 %
- ROCE 0.00 %
- ROE 0.00 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 14.2 times its book value
- The company has delivered a poor sales growth of -0.65% over past five years.
- Company has a low return on equity of -2.63% over last 3 years.
- Company has high debtors of 328 days.
- Working capital days have increased from 1,760 days to 3,832 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.21 | 0.31 | 0.83 | 0.95 | 0.38 | 0.62 | 0.30 | 0.36 | |
| 1.04 | 1.31 | 0.37 | 0.21 | 0.30 | 1.81 | 0.61 | 0.64 | |
| Operating Profit | -0.83 | -1.00 | 0.46 | 0.74 | 0.08 | -1.19 | -0.31 | -0.28 |
| OPM % | -395.24% | -322.58% | 55.42% | 77.89% | 21.05% | -191.94% | -103.33% | -77.78% |
| 0.01 | 0.02 | 0.02 | 0.01 | 0.08 | 0.15 | 0.39 | 0.39 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 |
| Profit before tax | -0.83 | -0.99 | 0.47 | 0.75 | 0.16 | -1.06 | 0.06 | 0.09 |
| Tax % | 0.00% | 0.00% | 0.00% | 1.33% | -293.75% | 0.00% | 0.00% | |
| -0.83 | -0.99 | 0.48 | 0.74 | 0.63 | -1.06 | 0.06 | 0.09 | |
| EPS in Rs | -38.30 | -45.69 | 22.15 | 34.15 | 2.12 | -2.61 | 0.15 | 0.22 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -32% |
| TTM: | -63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 117% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 584% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -3% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.22 | 0.22 | 0.22 | 0.22 | 2.97 | 4.07 | 4.07 | 4.07 |
| Reserves | -0.21 | 1.63 | 2.11 | 2.84 | 0.73 | 3.32 | 3.38 | 3.54 |
| 0.07 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.22 | 0.07 | 0.06 | 0.13 | 0.18 | 0.12 | 0.09 | 0.13 | |
| Total Liabilities | 0.30 | 1.93 | 2.40 | 3.20 | 3.88 | 7.51 | 7.54 | 7.74 |
| 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.10 | 0.08 | 0.07 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Investments | 0.03 | 0.43 | 1.49 | 2.13 | 2.12 | 2.12 | 1.64 | 1.64 |
| 0.26 | 1.49 | 0.90 | 1.07 | 1.75 | 5.29 | 5.82 | 6.03 | |
| Total Assets | 0.30 | 1.93 | 2.40 | 3.20 | 3.88 | 7.51 | 7.54 | 7.74 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.00 | 0.62 | 0.68 | -2.44 | -1.03 | |||
| 0.00 | -0.64 | 0.01 | -1.98 | 0.86 | |||
| 0.00 | 0.00 | 0.00 | 4.73 | 0.00 | |||
| Net Cash Flow | 0.00 | -0.02 | 0.69 | 0.31 | -0.17 | ||
| Free Cash Flow | 0.00 | 0.62 | 0.67 | -2.54 | -1.03 | ||
| CFO/OP | 0% | 85% | 850% | 208% | 332% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 121.67 | 11.77 | 321.02 | 361.16 | 0.00 | 88.31 | 328.50 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 121.67 | 11.77 | 321.02 | 361.16 | 0.00 | 88.31 | 328.50 |
| Working Capital Days | -399.76 | -70.65 | 290.24 | 330.42 | 28.82 | 1,418.79 | 3,832.50 |
| ROCE % | -102.06% | 22.38% | 27.73% | 4.73% | -18.94% | 0.00% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| DSA Commission Revenue Volume (Consolidated) INR Lakhs |
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| Number of Subsidiaries Number |
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| Median Remuneration Increase % |
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| Number of Permanent Employees Number |
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Documents
Announcements
-
Closure of Trading Window
2d - Trading window closed April 1, 2026 until 48 hours after FY2026 results communication; board meeting date pending.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
27 Mar - EGM (25 Mar 2026) approved increase in authorised capital, up to 2,325,582 preferential warrants, RPT and Sections 185/186 approvals.
-
Announcement under Regulation 30 (LODR)-Acquisition
25 Mar - Acquired remaining 1 share (₹10) of Sancode Semi; became wholly-owned subsidiary effective 25-Mar-2026.
- Shareholder Meeting / Postal Ballot-Outcome of EGM 25 Mar
- Intimation Regarding Extra Ordinary General Meeting (EGM) 4 Mar
Business Overview:[1][2]
a) SIL is a software and product development company offering an API enabled platform and solutions for organizations to adopt technology applications
b) Company helps organizations to drive digital transformation and competitive differentiation by providing them easy to implement pre-built business logic and solution workflows, specially for finance automations.
c) Itdevelops, provides, undertakes, designs, distributes and deals in Systems and application software, undertakes offshore software development projects, digital transformation, cloud migration, advance analytics, Robotic process automation, machine learning and AI projects in all areas of application. This includes those in emerging segments like Internet and Intranet website applications, enterprise solutions software, resource
planning, e-commerce, value added
products and other business applications
for corporations across the globe.