Sasken Technologies Ltd

Sasken Technologies Ltd

₹ 2,132 2.75%
13 Dec - close price
About

Established in 1989, Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc.
Located in India, the company has presence all over the world

Key Points

Services Offered
The company helps its clients in digitalization, modernization and also launching of industrial products through Product Engineering. The services offered by the company are in the below mentioned verticals -
a) Semiconductor: The company offers its customers the ability to integrate third-party solutions and perform extensive testing of the final product to ensure a zero-defect launch. [1]
b) Consumer Electronics: Product offerings include Smart TV, Smart Speakers, Smart Home Appliances, and Mobile Phones. Sasken is helping customers in the Consumer Electronics industry to build next-gen devices equipped with cloud-based analytics along with low power tech such as sensors, connectivity and tracking solutions. [2]
c) Automotive: Sasken helps several leading OEMs & Tier-1s with business solutions in the IVI, Telematics, and ADAS areas. It enables Automotive OEMs and Tier-1s to address challenges like increasing complexity, time-to-market, cost pressure, rising demand for more multimedia and connectivity capabilities, active and autonomous safety. [3]
d) Enterprise Devices: The company offers hardware and software development, device and platform testing, mobility solutions and Android services. [4]
e) SatCom: One of the few companies in the world to develop and maintain end-to-end satellite phones. [5]
f) Telecom: The company has more than 30 years of expertise in telecommunications with 3GPP technology experience in 2G/3G/4G/5G. [6]
g) Transportation: Sasken has proven expertise with cloud and open API enablement for intelligent transportation platforms. Its expertise in Azure and AWS has helped it to enable 30% cost savings with cloud infrastructure usage for a European Public Transport ISV. [7]
h) Industrials: Sasken’s expertise in ‘Chip to Cognition’ technologies has enabled multiple solution accelerators, which address overall IIoT enablement needs of Industrial products and manufacturing plants. [8]

  • Market Cap 3,221 Cr.
  • Current Price 2,132
  • High / Low 2,400 / 1,195
  • Stock P/E 49.8
  • Book Value 521
  • Dividend Yield 1.17 %
  • ROCE 12.0 %
  • ROE 10.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 38.4%

Cons

  • The company has delivered a poor sales growth of -4.22% over past five years.
  • Earnings include an other income of Rs.75.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
109 106 109 101 120 123 103 98 103 96 109 123 135
74 75 78 74 90 94 89 89 88 92 107 118 130
Operating Profit 34 32 31 27 30 29 14 9 15 5 2 5 5
OPM % 32% 30% 28% 27% 25% 24% 14% 9% 14% 5% 2% 4% 3%
12 8 5 -6 16 11 8 22 10 18 21 17 19
Interest 0 0 0 0 0 0 0 0 0 0 0 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2 2 3 4
Profit before tax 45 38 34 20 44 39 21 29 23 21 21 19 19
Tax % 17% 20% 21% 25% 18% 19% 18% 11% 21% 16% 18% 7% 37%
37 30 27 15 36 31 17 26 18 18 17 18 12
EPS in Rs 24.78 19.99 17.86 10.12 23.87 20.76 11.34 17.08 12.01 11.79 11.40 12.04 7.98
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
475 458 428 483 467 503 504 492 445 434 447 406 464
433 405 745 436 417 434 433 404 314 305 346 376 447
Operating Profit 42 53 -317 47 50 69 71 88 131 129 101 31 17
OPM % 9% 12% -74% 10% 11% 14% 14% 18% 29% 30% 23% 8% 4%
18 32 544 249 53 36 46 36 29 35 30 71 76
Interest 0 0 0 0 0 0 0 1 0 0 0 0 1
Depreciation 19 13 11 7 7 6 7 11 10 7 7 7 10
Profit before tax 40 72 216 290 96 100 111 112 149 158 124 94 80
Tax % 20% 29% 45% 29% 12% 17% 18% 30% 23% 19% 20% 16%
32 51 120 206 85 82 90 79 115 128 99 79 65
EPS in Rs 15.18 24.19 56.01 116.42 49.50 48.17 52.85 52.38 76.11 85.21 66.09 52.21 43.21
Dividend Payout % 46% 132% 48% 27% 14% 21% 24% 105% 33% 29% 38% 48%
Compounded Sales Growth
10 Years: -1%
5 Years: -4%
3 Years: -3%
TTM: 9%
Compounded Profit Growth
10 Years: 5%
5 Years: -3%
3 Years: -12%
TTM: -30%
Stock Price CAGR
10 Years: 26%
5 Years: 29%
3 Years: 23%
1 Year: 60%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 15%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 21 21 21 18 17 17 17 15 15 15 15 15 15
Reserves 401 386 426 481 544 604 681 460 550 638 704 754 771
1 1 1 1 0 0 0 4 0 0 3 8 28
80 89 111 137 101 113 96 144 104 117 100 149 148
Total Liabilities 504 498 559 638 662 734 794 623 669 771 823 926 963
123 127 42 40 38 37 40 44 34 34 39 48 79
CWIP 0 0 0 0 0 0 1 0 0 0 0 10 0
Investments 139 134 195 351 374 459 510 340 412 539 582 632 634
242 237 321 246 250 237 243 239 222 198 202 236 249
Total Assets 504 498 559 638 662 734 794 623 669 771 823 926 963

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
45 64 191 249 28 79 20 112 119 107 71 59
50 9 -137 -79 18 -54 -28 171 -98 -70 -27 6
-86 -72 -65 -174 -31 -18 -18 -282 -17 -39 -37 -39
Net Cash Flow 9 1 -11 -4 15 6 -26 1 5 -2 8 26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 74 60 73 61 57 60 69 55 69 59 59
Inventory Days
Days Payable
Cash Conversion Cycle 69 74 60 73 61 57 60 69 55 69 59 59
Working Capital Days 48 41 6 7 32 14 56 12 19 11 19 -4
ROCE % 9% 16% -9% 11% 13% 17% 17% 19% 28% 25% 17% 12%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
43.04% 43.05% 43.13% 43.38% 43.38% 43.38% 43.38% 43.38% 43.44% 43.25% 43.25% 43.10%
18.86% 18.98% 18.96% 18.81% 18.61% 18.61% 18.55% 18.62% 18.52% 18.37% 18.38% 18.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.33% 1.09% 1.10% 1.21% 1.31%
0.00% 0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
38.01% 37.88% 37.82% 37.67% 37.85% 37.94% 38.02% 37.61% 36.89% 37.23% 37.11% 37.25%
0.09% 0.09% 0.09% 0.09% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 28,15630,20830,75730,09629,47728,94428,33628,37727,05726,12825,04324,985

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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