Sahana Systems Ltd
Incorporated in 2012, Sahana System
Ltd is in the business of IT services, Digital Marketing, Software Development, and trading of Computer Hardware[1]
- Market Cap ₹ 1,414 Cr.
- Current Price ₹ 1,600
- High / Low ₹ 2,135 / 991
- Stock P/E 81.9
- Book Value ₹ 163
- Dividend Yield 0.00 %
- ROCE 24.0 %
- ROE 17.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 210% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Cons
- Stock is trading at 9.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.85%
- Company has high debtors of 181 days.
- Working capital days have increased from 154 days to 225 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Half Yearly 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 | |
|---|---|---|---|---|---|---|
| 6 | 3 | 12 | 24 | 54 | 108 | |
| 6 | 2 | 9 | 14 | 35 | 84 | |
| Operating Profit | 1 | 1 | 3 | 10 | 19 | 24 |
| OPM % | 12% | 25% | 23% | 40% | 35% | 23% |
| 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 2 | 9 | 19 | 25 |
| Tax % | 33% | 32% | 37% | 30% | 20% | 32% |
| 0 | 0 | 1 | 6 | 15 | 17 | |
| EPS in Rs | 3.70 | 10.53 | 17.69 | 19.54 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 107% |
| TTM: | 102% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 210% |
| 3 Years: | 142% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 28% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 3 | 6 | 8 | 9 |
| Reserves | 0 | 0 | 1 | 5 | 45 | 135 |
| 7 | 7 | 5 | 5 | 13 | 4 | |
| 2 | 0 | 5 | 9 | 23 | 23 | |
| Total Liabilities | 8 | 8 | 14 | 24 | 89 | 172 |
| 0 | 0 | 0 | 0 | 0 | 17 | |
| CWIP | 1 | 1 | 1 | 1 | 14 | 8 |
| Investments | 0 | 0 | 0 | 0 | 15 | 45 |
| 8 | 7 | 13 | 23 | 59 | 102 | |
| Total Assets | 8 | 8 | 14 | 24 | 89 | 172 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -5 | -0 | -2 | 1 | 25 | -19 | |
| 4 | 0 | -0 | 0 | -36 | -44 | |
| 1 | 0 | 2 | -3 | 35 | 52 | |
| Net Cash Flow | 0 | -0 | 0 | -2 | 25 | -11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 38 | 17 | 144 | 109 | 84 | 181 |
| Inventory Days | 517 | 14,836 | 941 | |||
| Days Payable | 127 | 129 | 365 | |||
| Cash Conversion Cycle | 428 | 14,724 | 720 | 109 | 84 | 181 |
| Working Capital Days | 342 | 741 | 256 | 216 | 23 | 225 |
| ROCE % | 11% | 31% | 76% | 47% | 24% |
Documents
Announcements
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Outcome of Board Meeting
8 May 2025 - Audited FY25 standalone and consolidated results with unmodified opinion; rights issue proceeds utilized as planned.
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Outcome of Board Meeting
8 May 2025 - Audited standalone and consolidated financial results for year ended March 31, 2025 approved by board.
-
Press Release
6 May 2025 - Sahana forms 5-year strategic alliance with IPRCL to innovate port infrastructure and jointly bid projects.
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Press Release
5 May 2025 - Sahana empaneled with HPCL for IT services, Rs.100L+ limit, valid 3 years.
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Updates
3 May 2025 - Correction on financial results frequency and exemption from newspaper publication for SME company.
Annual reports
Concalls
-
Nov 2024TranscriptPPTREC
Business Overview:[1]
SSL is a CMMI Level-5, ISO 9001, and ISO /IEC 27001 certified IT company which provides software solutions. Company also does trading
of hardware instruments related to the Franking Machines / Computers / LED / Laptops