CSM Technologies Ltd
CSM Technologies Ltd. is engaged in
software development and implementation
services.
The company specializes in delivering
GovTech solutions and driving digital transformation initiatives. Co. offers
technology solutions across wide
range of sectors, including mining
and allied services, government and
public services, agriculture, industry
and trade facilitation, education, health
care, and tourism. Its product portfolio
includes Docovault, Dokutory, Dokutory
Classic Editor, Docutory E-Sign Engine,
CSM AI Foundry, LANDMAS, CSM Proof
Chain, and DFMS. The company was
founded by Priyadarshi Nanu Pany in
1998 and is headquartered in Bhubaneswar,
- Market Cap ₹ 441 Cr.
- Current Price ₹ 85.5
- High / Low ₹ 115 / 76.3
- Stock P/E 18.8
- Book Value ₹
- Dividend Yield 0.58 %
- ROCE 23.9 %
- ROE 22.2 %
- Face Value ₹ 10.0
Pros
Cons
- Company has high debtors of 154 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 61 | 74 | 90 | 153 | 193 | 198 | 213 | |
| 52 | 62 | 76 | 127 | 166 | 167 | 174 | |
| Operating Profit | 9 | 12 | 14 | 26 | 27 | 31 | 39 |
| OPM % | 14% | 16% | 15% | 17% | 14% | 16% | 18% |
| 1 | 2 | 1 | 1 | 2 | 2 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 3 | 4 | 7 |
| Depreciation | 3 | 3 | 3 | 1 | 5 | 6 | 6 |
| Profit before tax | 6 | 10 | 11 | 24 | 21 | 23 | 27 |
| Tax % | 17% | 35% | 29% | 27% | 26% | 29% | 25% |
| 5 | 6 | 8 | 17 | 16 | 16 | 20 | |
| EPS in Rs | 1.35 | 1.68 | 2.08 | 4.58 | 4.16 | 4.25 | 5.23 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 9% | 8% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 12% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 9% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.30 | 0.30 | 0.30 | 6 | 6 | 6 | 39 |
| Reserves | 24 | 31 | 38 | 50 | 63 | 83 | 74 |
| 8 | 5 | 7 | 6 | 34 | 35 | 72 | |
| 13 | 13 | 22 | 20 | 29 | 42 | 40 | |
| Total Liabilities | 46 | 49 | 68 | 82 | 132 | 166 | 224 |
| 8 | 7 | 19 | 26 | 31 | 59 | 56 | |
| CWIP | 4 | 6 | 1 | 3 | 23 | 0 | 12 |
| Investments | 1 | 1 | 1 | 1 | 2 | 1 | 3 |
| 34 | 36 | 47 | 52 | 75 | 106 | 153 | |
| Total Assets | 46 | 49 | 68 | 82 | 132 | 166 | 224 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2 | 15 | 4 | 16 | 8 | 8 | -11 | |
| -8 | -3 | -10 | -11 | -31 | -8 | -17 | |
| 3 | -4 | 0 | -3 | 19 | 0 | 29 | |
| Net Cash Flow | -3 | 8 | -6 | 2 | -4 | -0 | 2 |
| Free Cash Flow | 2 | 11 | -11 | 8 | -20 | -2 | -26 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 137% | 159% | 51% | 57% | 51% | 43% | -8% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 70 | 112 | 55 | 66 | 113 | 154 |
| Inventory Days | 0 | 0 | 0 | 0 | |||
| Days Payable | |||||||
| Cash Conversion Cycle | 87 | 70 | 112 | 55 | 66 | 113 | 154 |
| Working Capital Days | 94 | 39 | 69 | 69 | 43 | 72 | 69 |
| ROCE % | 31% | 30% | 48% | 28% | 24% | 24% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Employee Expenses as % of Total Operating Income % of TOI |
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| Export Revenue from Services Outside India ₹ crore |
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| Export Revenue Share of Total Operating Income % of TOI |
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| Number of Active Projects count |
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| Odisha Revenue Concentration % of revenue from operations |
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| Top 5 Customer Concentration % of TOI |
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| Number of International Subsidiaries count |
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| Outstanding Order Book ₹ crore |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- We enclose hereby copy of certificate received from Kfintech Technologies Limited pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- CSM Tech won US$174,000 mandate for Mozambique Beira Corridor trade observatory on October 9, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
- Board re-designates Mrutyunjaya Panda as CSO and raises Ashwini Kumar’s remuneration to Rs. 1.01 crore from 1 Oct 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
- AGM approved Priyadarshi Pany’s rotation status change and appointed Bimal Pattanaik & Associates as secretarial auditor for 2026-2031.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Concalls
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Jul 2026Transcript REC