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 / 37.0
- Stock P/E 97.4
- Book Value ₹ 13.5
- Dividend Yield 0.00 %
- ROCE 7.07 %
- ROE 8.63 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 145 days to 50.0 days
Cons
- Stock is trading at 19.6 times its book value
- Company has a low return on equity of -9.90% over last 3 years.
- Earnings include an other income of Rs.0.39 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 0.13 | 1.56 | 2.44 | 1.55 | 4.76 | 13.81 | 15.51 | |
| 1.89 | 1.88 | 2.04 | 1.86 | 6.50 | 13.67 | 14.63 | |
| Operating Profit | -1.76 | -0.32 | 0.40 | -0.31 | -1.74 | 0.14 | 0.88 |
| OPM % | -1,353.85% | -20.51% | 16.39% | -20.00% | -36.55% | 1.01% | 5.67% |
| 0.30 | 0.04 | 0.66 | 0.34 | 0.09 | 0.43 | 0.39 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 | 0.09 | 0.07 |
| Profit before tax | -1.47 | -0.29 | 1.06 | 0.02 | -1.69 | 0.47 | 1.20 |
| Tax % | -23.13% | -10.34% | 0.94% | -2,350.00% | 3.55% | -80.85% | |
| -1.13 | -0.05 | 1.05 | 0.50 | -1.75 | 0.85 | 1.71 | |
| EPS in Rs | -52.15 | -2.31 | 40.15 | 1.85 | -4.89 | 1.20 | 2.73 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 154% |
| 3 Years: | 78% |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 14% |
| TTM: | 183% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 644% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -10% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.22 | 0.22 | 0.22 | 2.97 | 4.07 | 4.07 | 4.07 |
| Reserves | 1.98 | 2.01 | 2.02 | 0.06 | 1.74 | 1.47 | 1.43 |
| 0.01 | 0.65 | 0.16 | 0.06 | 0.38 | 1.46 | 1.36 | |
| 1.09 | 0.26 | 0.42 | 0.35 | 1.47 | 1.31 | 1.48 | |
| Total Liabilities | 3.30 | 3.14 | 2.82 | 3.44 | 7.66 | 8.31 | 8.34 |
| 0.04 | 0.02 | 0.02 | 0.02 | 0.19 | 0.19 | 0.18 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Investments | 0.10 | 0.09 | 0.15 | 0.01 | 1.68 | 1.21 | 1.29 |
| 3.16 | 3.03 | 2.65 | 3.40 | 5.79 | 6.91 | 6.87 | |
| Total Assets | 3.30 | 3.14 | 2.82 | 3.44 | 7.66 | 8.31 | 8.34 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1.40 | -1.63 | 0.17 | 0.75 | -2.77 | -2.51 | |
| -0.09 | 0.39 | -0.05 | 0.13 | -1.83 | 0.87 | |
| 2.77 | 0.63 | -0.49 | -0.10 | 5.04 | 1.08 | |
| Net Cash Flow | 1.28 | -0.61 | -0.37 | 0.78 | 0.44 | -0.56 |
| Free Cash Flow | -1.41 | -1.63 | 0.17 | 0.74 | -2.95 | -2.52 |
| CFO/OP | 81% | 509% | 42% | -229% | 157% | -1,793% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 1,628.46 | 271.41 | 281.23 | 211.94 | 26.84 | 9.51 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 1,628.46 | 271.41 | 281.23 | 211.94 | 26.84 | 9.51 |
| Working Capital Days | -814.23 | 250.35 | 270.76 | 280.23 | 104.29 | 49.95 |
| ROCE % | -12.40% | 14.44% | -7.56% | -35.31% | 7.07% |
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 ・Standalone data |
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| Median Remuneration Increase % ・Standalone data |
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| Number of Permanent Employees Number ・Standalone data |
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Documents
Announcements
-
Closure of Trading Window
1d - 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.