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 ₹ 5,435 Cr.
- Current Price ₹ 338
- High / Low ₹ 434 / 209
- Stock P/E 19.4
- Book Value ₹ 94.0
- Dividend Yield 0.74 %
- ROCE 28.0 %
- ROE 23.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 84.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
- Company has been maintaining a healthy dividend payout of 24.8%
Cons
- Debtor days have increased from 69.3 to 83.4 days.
- Working capital days have increased from 53.7 days to 108 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.
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 369 | 673 | 1,146 | 1,558 | 1,462 | 1,441 | 1,559 | |
| Sales growth | +82% | +70% | +36% | -6% | -1% | +14% | |
| 326 | 571 | 947 | 1,267 | 1,101 | 1,057 | 1,153 | |
| Operating Profit | 43 | 102 | 199 | 292 | 361 | 383 | 406 |
| OPM % | 12% | 15% | 17% | 19% | 25% | 27% | 26% |
| 1 | 4 | 8 | 11 | 9 | 14 | 24 | |
| Interest | 16 | 24 | 32 | 34 | 34 | 21 | 9 |
| Depreciation | 13 | 27 | 32 | 36 | 41 | 44 | 43 |
| Profit before tax | 16 | 54 | 142 | 233 | 295 | 333 | 378 |
| Tax % | 31% | 31% | 25% | 27% | 25% | 27% | |
| 11 | 37 | 107 | 169 | 222 | 244 | 280 | |
| EPS in Rs | 0.96 | 3.17 | 9.04 | 11.48 | 15.05 | 15.06 | 17.28 |
| Dividend Payout % | 0% | 0% | 7% | 5% | 53% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 8% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 85% |
| 3 Years: | 32% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 33% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 2 | 89 | 148 | 148 | 162 | 162 |
| Reserves | 108 | 181 | 201 | 287 | 490 | 1,268 | 1,359 |
| 142 | 232 | 312 | 350 | 379 | 82 | 86 | |
| 87 | 154 | 180 | 176 | 144 | 158 | 172 | |
| Total Liabilities | 340 | 569 | 783 | 960 | 1,160 | 1,670 | 1,779 |
| 127 | 225 | 285 | 351 | 426 | 492 | 558 | |
| CWIP | 8 | 6 | 0 | 3 | 10 | 57 | 66 |
| Investments | 0 | 1 | 1 | 25 | 25 | 50 | 54 |
| 205 | 336 | 497 | 581 | 699 | 1,071 | 1,101 | |
| Total Assets | 340 | 569 | 783 | 960 | 1,160 | 1,670 | 1,779 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 32 | 58 | 51 | 202 | 165 | 225 | |
| -21 | -41 | -72 | -114 | -112 | -380 | |
| -10 | -15 | 38 | -32 | -34 | 243 | |
| Net Cash Flow | 1 | 2 | 17 | 56 | 19 | 89 |
| Free Cash Flow | 10 | 15 | -24 | 107 | 50 | 61 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 87% | 69% | 43% | 90% | 66% | 81% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 102 | 84 | 70 | 52 | 73 | 83 |
| Inventory Days | 97 | 87 | 74 | 63 | 72 | 98 |
| Days Payable | 115 | 103 | 62 | 53 | 42 | 55 |
| Cash Conversion Cycle | 83 | 67 | 82 | 62 | 103 | 126 |
| Working Capital Days | 34 | 7 | 13 | 16 | 37 | 108 |
| ROCE % | 23% | 34% | 39% | 37% | 28% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| RFID Hang Tags and Labels Capacity Utilization % |
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| CFS Off-set Printing Production Volume A4 sheets |
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| Payment Cards Capacity Utilization % |
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| Payment Cards Market Share in India % |
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| Payment Cards Production Volume cards |
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| RFID Hang Tags and Labels Installed Capacity tags |
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| RFID Hang Tags and Labels Production Volume tags |
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| Patents Filed (Cumulative) count |
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| Total Customer Count count |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Monitoring agency report for quarter ended September 30, 2026; no deviations, proceeds largely utilized.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of copy of Newspaper Advertisement dated October 31, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 FY27 earnings conference call uploaded on company website.
Concalls
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Nov 2026Transcript PPT REC
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Jan 2026PPT
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Nov 2025Transcript PPT REC
Business Profile:[1]
a)Seshaasai Technologies offers Payment
Solutions, Communication & Fulfilment
Solutions, and IoT-based RFID Solutions
catering to the Banking, Financial Services,
and Insurance (BFSI) sector. It claims a 31.9% share of India credit /debit card issuance in FY25. It manufactures and personalises a wide range of debit and credit cards, including dual-interface, PVC, Made-in-India metal, biometric, dynamic-CVV, LED, wooden and recycled-PVC cards. It also offers custom chip modules, cheque books, merchant QR kits, and payment wearables. [2]. The company is also building SIM/eSIM capability, engaging with NPCI on offline CBDC, and exploring password less authentication through the FIDO Alliance.[3]