Seshaasai Technologies Ltd
Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, communications, and fulfilment services.[1]
- Market Cap ₹ 3,450 Cr.
- Current Price ₹ 213
- High / Low ₹ 437 / 212
- Stock P/E 15.4
- Book Value ₹ 79.2
- Dividend Yield 0.00 %
- ROCE 36.5 %
- ROE 41.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.9%
Cons
* 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 369 | 673 | 1,146 | 1,558 | 1,462 | 1,405 | |
| 326 | 571 | 947 | 1,267 | 1,102 | 1,043 | |
| Operating Profit | 43 | 102 | 199 | 292 | 360 | 362 |
| OPM % | 12% | 15% | 17% | 19% | 25% | 26% |
| 1 | 4 | 8 | 11 | 10 | 11 | |
| Interest | 16 | 24 | 32 | 34 | 34 | 27 |
| Depreciation | 13 | 27 | 32 | 36 | 41 | 44 |
| Profit before tax | 16 | 54 | 142 | 233 | 295 | 303 |
| Tax % | 31% | 31% | 25% | 27% | 25% | |
| 11 | 37 | 107 | 169 | 222 | 224 | |
| EPS in Rs | 444.71 | 1,464.71 | 90.39 | 114.78 | 15.05 | 14.46 |
| Dividend Payout % | 0% | 0% | 7% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 81% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 44% |
| Last Year: | 41% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 2 | 89 | 148 | 148 | 162 |
| Reserves | 108 | 181 | 201 | 287 | 490 | 1,120 |
| 142 | 232 | 312 | 350 | 379 | 336 | |
| 87 | 154 | 180 | 176 | 144 | 200 | |
| Total Liabilities | 340 | 569 | 783 | 960 | 1,160 | 1,818 |
| 127 | 225 | 285 | 351 | 428 | 450 | |
| CWIP | 8 | 6 | 0 | 3 | 8 | 19 |
| Investments | 0 | 1 | 1 | 25 | 25 | 39 |
| 205 | 336 | 497 | 581 | 699 | 1,310 | |
| Total Assets | 340 | 569 | 783 | 960 | 1,160 | 1,818 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 32 | 58 | 51 | 202 | ||
| -21 | -41 | -72 | -114 | ||
| -10 | -15 | 38 | -32 | ||
| Net Cash Flow | 1 | 2 | 17 | 56 | |
| Free Cash Flow | 10 | 15 | -24 | 107 | |
| CFO/OP | 87% | 69% | 43% | 90% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 102 | 84 | 70 | 52 | 73 |
| Inventory Days | 97 | 87 | 74 | 63 | 65 |
| Days Payable | 115 | 103 | 62 | 53 | 38 |
| Cash Conversion Cycle | 83 | 67 | 82 | 62 | 100 |
| Working Capital Days | 34 | 7 | 13 | 16 | 37 |
| ROCE % | 23% | 34% | 39% | 37% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| IoT / RFID Tags and Labels Sold Million Units |
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| Capacity Utilization: IoT Tags/Labels % |
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| Capacity Utilization: Standard Payment Cards % |
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| Cheque Leaves Sold Million Units |
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| Market Share in Credit and Debit Card Issuance (India) % |
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| Payment Cards Sold (Debit, Credit, Prepaid) Million Units |
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| Total Customers Serviced Number |
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| Cumulative Citizen Identity Cards Processed Million Units |
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Documents
Announcements
- Closure of Trading Window 25 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Company to attend Investec India Promoter & Founder Conference on March 10, 2026 in Mumbai, 10:00-16:00.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Feb
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Feb - CRISIL monitoring report: IPO+Pre-IPO gross proceeds Rs6,000.00m; Rs3,458.41m utilized as of Dec 31, 2025.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
6 Feb - GST inspection/search at Mumbai and Navi Mumbai premises on 5 Feb 2026; no violations reported yet.
Concalls
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Feb 2026Transcript PPT REC
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
Business Profile[1]
Seshaasai Technologies offers Payment Solutions, Communication & Fulfilment Solutions, and IoT-based RFID Solutions catering to the Banking, Financial Services, and Insurance (BFSI) sector. It ranks among India’s top two payment card manufacturers, with a 31.9% market share in debit and credit card issuance in FY25.