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 ₹ 892 Cr.
- Current Price ₹ 1,009
- High / Low ₹ 1,730 / 685
- Stock P/E 43.1
- Book Value ₹ 178
- Dividend Yield 0.10 %
- 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
- Company has high debtors of 181 days.
- Working capital days have increased from 87.1 days to 181 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 6 | 3 | 12 | 24 | 54 | 108 | 135 | |
| 6 | 2 | 9 | 14 | 35 | 84 | 105 | |
| Operating Profit | 1 | 1 | 3 | 10 | 19 | 24 | 30 |
| OPM % | 12% | 25% | 23% | 40% | 35% | 23% | 22% |
| 0 | 0 | 0 | 0 | 0 | 2 | 4 | |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | 0 | 0 | 2 | 9 | 19 | 25 | 31 |
| Tax % | 33% | 32% | 37% | 30% | 20% | 32% | |
| 0 | 0 | 1 | 6 | 15 | 17 | 21 | |
| EPS in Rs | 3.70 | 10.53 | 17.69 | 19.54 | 23.40 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 107% |
| TTM: | 82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 210% |
| 3 Years: | 142% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 3 | 6 | 8 | 9 | 9 |
| Reserves | 0 | 0 | 1 | 5 | 45 | 135 | 148 |
| 7 | 7 | 5 | 5 | 13 | 4 | 6 | |
| 2 | 0 | 5 | 9 | 22 | 23 | 29 | |
| Total Liabilities | 8 | 8 | 14 | 24 | 88 | 172 | 192 |
| 0 | 0 | 0 | 0 | 0 | 17 | 22 | |
| CWIP | 1 | 1 | 1 | 1 | 14 | 8 | 2 |
| Investments | 0 | 0 | 0 | 0 | 23 | 45 | 44 |
| 8 | 7 | 13 | 23 | 50 | 102 | 124 | |
| Total Assets | 8 | 8 | 14 | 24 | 88 | 172 | 192 |
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 | -42 | -56 | 103 | 144 | -63 | 181 |
| ROCE % | 11% | 31% | 76% | 47% | 24% |
Documents
Announcements
-
Giving guarantees/indemnity/ becoming a surety for third party
28 February 2026 - 28 Feb 2026: Appointed Dipak Patel (Whole Time); Bhavika Somani (Independent); ₹15Cr guarantee; proposed SSA for subsidiary investor.
-
General Updates
28 February 2026 - Board approved appointments, reconstituted committees, ₹15 crore corporate guarantee, and proposed SSA for subsidiary equity; meeting dated 28 Feb 2026.
-
Outcome of Board Meeting
28 February 2026 - Board appointed Dipak Patel WTD (28 Feb 2026–27 Feb 2031), Bhavika Somani Independent; ₹15 crore guarantee; SSA for subsidiary investor.
-
Press Release
26 February 2026 - Subsidiary Sahana Defence awarded ₹24.69 Crore CEL order for RF/radar drone detection and 5-year AMC.
-
General Updates
25 February 2026 - Incorporated Sahana System INC (WOS) in New York on 24 Feb 2026; subscribed 1,000 shares totaling USD 100.
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
-
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