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 19.7
- Book Value ₹ 93.7
- Dividend Yield 0.74 %
- ROCE 27.7 %
- ROE 23.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
- Company has been maintaining a healthy dividend payout of 24.9%
Cons
- Debtor days have increased from 69.3 to 83.3 days.
- Working capital days have increased from 53.6 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 1,558 | 1,463 | 1,441 | 1,560 | |
| Sales growth | -6% | -2% | +14% | |
| 1,267 | 1,102 | 1,062 | 1,158 | |
| Operating Profit | 292 | 361 | 380 | 402 |
| OPM % | 19% | 25% | 26% | 26% |
| 11 | 9 | 14 | 24 | |
| Interest | 34 | 34 | 21 | 9 |
| Depreciation | 36 | 41 | 44 | 43 |
| Profit before tax | 233 | 295 | 329 | 374 |
| Tax % | 27% | 25% | 27% | |
| 169 | 222 | 240 | 276 | |
| EPS in Rs | 11.47 | 15.06 | 14.83 | 17.05 |
| Dividend Payout % | 5% | 53% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 148 | 148 | 162 | 162 |
| Reserves | 286 | 491 | 1,264 | 1,355 |
| 350 | 379 | 84 | 88 | |
| 174 | 144 | 157 | 172 | |
| Total Liabilities | 958 | 1,160 | 1,667 | 1,776 |
| 371 | 447 | 526 | 590 | |
| CWIP | 3 | 10 | 54 | 66 |
| Investments | 0 | 0 | 14 | 17 |
| 584 | 704 | 1,074 | 1,104 | |
| Total Assets | 958 | 1,160 | 1,667 | 1,776 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 200 | 167 | 220 | |
| -111 | -112 | -375 | |
| -32 | -34 | 243 | |
| Net Cash Flow | 57 | 21 | 89 |
| Free Cash Flow | 84 | 52 | 59 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 91% | 67% | 81% |
Ratios
Consolidated / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 52 | 73 | 83 |
| Inventory Days | 63 | 72 | 98 |
| Days Payable | 51 | 42 | 54 |
| Cash Conversion Cycle | 64 | 103 | 127 |
| Working Capital Days | 16 | 38 | 108 |
| ROCE % | 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]