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 ₹ 484 Cr.
- Current Price ₹ 93.7
- High / Low ₹ 115 / 76.3
- Stock P/E 19.4
- Book Value ₹
- Dividend Yield 0.53 %
- ROCE 29.4 %
- ROE 28.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
Cons
- Debtor days have increased from 108 to 145 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 - Software Computers - Software & Consulting
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 92 | 160 | 197 | 199 | 226 | |
| 78 | 132 | 173 | 170 | 180 | |
| Operating Profit | 14 | 28 | 24 | 30 | 46 |
| OPM % | 15% | 17% | 12% | 15% | 20% |
| 0 | 1 | 2 | 1 | -0 | |
| Interest | 1 | 2 | 3 | 4 | 7 |
| Depreciation | 3 | 4 | 5 | 6 | 6 |
| Profit before tax | 10 | 23 | 18 | 20 | 32 |
| Tax % | 33% | 30% | 30% | 31% | 25% |
| 6 | 16 | 13 | 14 | 24 | |
| EPS in Rs | 216.07 | 25.12 | 19.93 | 21.98 | 6.10 |
| Dividend Payout % | 0% | 9% | 11% | 10% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 85% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 24% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.30 | 6 | 6 | 6 | 39 |
| Reserves | 34 | 44 | 53 | 71 | 64 |
| 7 | 9 | 34 | 35 | 72 | |
| 23 | 21 | 31 | 43 | 40 | |
| Total Liabilities | 64 | 80 | 124 | 155 | 215 |
| 19 | 28 | 31 | 59 | 58 | |
| CWIP | 1 | 3 | 23 | 0 | 12 |
| Investments | 1 | 0 | 1 | 0 | 1 |
| 44 | 49 | 68 | 95 | 144 | |
| Total Assets | 64 | 80 | 124 | 155 | 215 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 4 | 17 | 10 | 9 | -6 | |
| -10 | -9 | -32 | -9 | -20 | |
| 0 | -6 | 19 | 0 | 30 | |
| Net Cash Flow | -6 | 3 | -4 | -0 | 4 |
| Free Cash Flow | -11 | 8 | -19 | -1 | -21 |
| CFO/OP | 27% | 79% | 62% | 48% | 4% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 105 | 51 | 66 | 113 | 145 |
| Inventory Days | 0 | ||||
| Days Payable | |||||
| Cash Conversion Cycle | 105 | 51 | 66 | 113 | 145 |
| Working Capital Days | 53 | 48 | 40 | 72 | 72 |
| ROCE % | 49% | 26% | 24% | 29% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Employee Expenses as % of Total Operating Income % of TOI |
|
|
| Export Revenue Share of Total Operating Income % of TOI |
||
| Export Work Orders Executed ₹ crore |
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| Number of International Subsidiaries count |
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| Odisha Geography Concentration % of total work orders |
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| Outstanding Order Book ₹ crore |
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| Top 5 Customer Concentration % of TOI |
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Extracted by Screener AI
Documents
Announcements
-
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.
-
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
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Closure of Trading Window
Concalls
-
Jul 2026Transcript REC