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Bartronics India Limited
(ASMS)
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Rating:45Neutral
Price Target:
₹7.00
▼(-7.41% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak cash generation and inconsistent financial performance despite the FY2026 rebound, along with a technically weak trend (below major moving averages). A relatively high P/E with no dividend yield support further limits the overall attractiveness.
Positive Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue rebound and return to solid profitability indicate renewed operating activity and customer demand. If the improvement is sustained, greater scale could support reinvestment and strengthen the company’s ability to compete in identity and transaction-processing markets.
Negative Factors
Weak Cash Conversion
Reported profitability is not translating reliably into cash, with operating cash flow negative across several years and still very small relative to FY2026 earnings. Persistently negative free cash flow can constrain investment, increase reliance on external funding, and weaken resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue rebound and return to solid profitability indicate renewed operating activity and customer demand. If the improvement is sustained, greater scale could support reinvestment and strengthen the company’s ability to compete in identity and transaction-processing markets.
Read all positive factors
Bartronics India Limited (ASMS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.15B
Dividend YieldN/A
Average Volume (3M)99.30K
Price to Earnings (P/E)33.8
Beta (1Y)1.52
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees130
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.06
Shares Outstanding304,576,750
10 Day Avg. Volume244,737
30 Day Avg. Volume99,304
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)6.40
Price to Sales (P/S)2.10
P/FCF Ratio-479.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bartronics India Limited Business Overview & Revenue Model
Company Description
Bartronics India Ltd. operates internationally and within India, providing specialized services in automated identification, data acquisition, and financial inclusion. The company's diverse offerings include a variety of banking support services, ...
How the Company Makes Money
Bartronics India Limited makes money primarily by delivering technology solutions and services to customers that require secure identity, authentication, and related transaction/processing capabilities. Key revenue streams have historically includ...
Bartronics India Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 213.03M | 1.04B | 400.36M | 488.38M | 526.27M | 655.62M |
| Gross Profit | 34.91M | 86.57M | 38.43M | 44.70M | 59.09M | 556.18M |
| EBITDA | 24.43M | 56.66M | 24.55M | 6.81M | 1.60B | 57.71M |
| Net Income | 19.35M | 59.35M | 17.46M | 13.83M | 1.10B | -503.01M |
Balance Sheet | ||||||
| Total Assets | 347.30M | 680.41M | 325.55M | 297.39M | 278.04M | 16.19B |
| Cash, Cash Equivalents and Short-Term Investments | 14.27M | 12.50M | 15.78M | 102.81M | 39.43M | 90.70M |
| Total Debt | 1.67M | 87.54M | 1.83M | 0.00 | 0.00 | 12.00B |
| Total Liabilities | 50.40M | 338.65M | 43.05M | 32.34M | 23.96M | 15.52B |
| Stockholders Equity | 296.90M | 341.75M | 282.50M | 265.05M | 254.08M | 664.69M |
Cash Flow | ||||||
| Free Cash Flow | -17.36M | -4.56M | -20.17M | -5.25M | -92.95M | 39.77M |
| Operating Cash Flow | -17.11M | 12.88M | -17.38M | -4.81M | -92.93M | 39.83M |
| Investing Cash Flow | 11.14M | -102.36M | -12.79M | 9.56M | 5.87M | 1.22M |
| Financing Cash Flow | -450.00K | 85.70M | 1.76M | -58.61M | -22.54M | 89.00K |
Bartronics India Limited Technical Analysis
Negative
7.56
Price Trends
7.11
Negative
7.41
Negative
9.11
Negative
Market Momentum
-0.03
Negative
45.75
Neutral
56.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASMS, the sentiment is Negative. The current price of 7.56 is above the 20-day moving average (MA) of 7.06, above the 50-day MA of 7.11, and below the 200-day MA of 9.11, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 56.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASMS.
Bartronics India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | ₹20.20B | 24.61 | ― | 1.94% | 21.39% | -13.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹2.21B | 11.48 | ― | 1.54% | 7.45% | 8.72% | |
49 Neutral | ₹6.26B | 64.63 | ― | 0.20% | -8.79% | 40.60% | |
45 Neutral | ₹2.15B | 33.79 | ― | ― | ― | ― | |
41 Neutral | ₹1.16B | -48.54 | ― | ― | -73.73% | 99.90% | |
37 Underperform | ₹1.28B | -14.47 | ― | ― | -26.19% | -172.63% |
* General Sector Average
IN:ASMS
Bartronics India Limited
7.00
-8.07
-53.55%
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Bartronics India Limited Corporate Events
Avio Smart Market Stack Taps Industry Veteran to Lead Global Healthcare Push
Jun 17, 2026
Avio Smart Market Stack Limited has appointed healthcare industry veteran Sandeep Pandya as Head of International Sales for its Diagnostics Healthcare Division, tasking him with accelerating global expansion. With over two decades of experience i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.