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Sasken Technologies Ltd
(SASKEN)
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Rating:52Neutral
Price Target:
₹1,694.00
▲(12.84% Upside)
Action:Reiterated
Date:07/22/26
The score is mainly held back by deteriorating cash flows (negative operating and free cash flow in the last two years) and weak technical momentum (below key moving averages with negative MACD). A strong, low-debt balance sheet provides meaningful downside resilience, but valuation is also a headwind given the high P/E and only modest dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Sasken financial resilience and flexibility to fund operations or pursue growth without heavy debt servicing demands. Growing equity and assets further support solvency, helping the company withstand periods of uneven project demand or weaker cash conversion.
Negative Factors
Negative Cash Generation
Negative operating and free cash flow reduces Sasken’s ability to self-fund expansion, return capital, or absorb execution setbacks, even with low leverage. The deterioration also raises concern about working-capital management, collections, cash costs, or capital needs relative to reported profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Sasken financial resilience and flexibility to fund operations or pursue growth without heavy debt servicing demands. Growing equity and assets further support solvency, helping the company withstand periods of uneven project demand or weaker cash conversion.
Read all positive factors
Sasken Technologies Ltd (SASKEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.48B
Dividend Yield1.51%
Average Volume (3M)1.22K
Price to Earnings (P/E)36.4
Beta (1Y)0.76
Revenue Growth68.15%
EPS Growth66.19%
CountryIN
Employees1,828
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)35.59
Shares Outstanding15,191,491
10 Day Avg. Volume1,243
30 Day Avg. Volume1,220
Financial Highlights & Ratios
PEG Ratio4.49
Price to Book (P/B)1.97
Price to Sales (P/S)1.51
P/FCF Ratio-79.16
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
Sasken Technologies Ltd Business Overview & Revenue Model
Company Description
Sasken Technologies Limited is a global provider specializing in product engineering and digital transformation solutions. Their extensive service portfolio encompasses comprehensive hardware design, along with a broad spectrum of software develop...
How the Company Makes Money
Sasken makes money by delivering contract-based engineering services and solutions to enterprise and OEM customers, earning revenue primarily from fees billed for software/embedded engineering work. Its core revenue model is services-led and inclu...
Sasken Technologies Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.13B | 5.51B | 4.06B | 4.47B | 4.34B |
| Gross Profit | 2.08B | 678.35M | 899.33M | 1.61B | 1.48B |
| EBITDA | 1.19B | 229.11M | 1.02B | 1.31B | 1.64B |
| Net Income | 539.30M | 502.83M | 787.17M | 994.72M | 1.28B |
Balance Sheet | |||||
| Total Assets | 11.66B | 9.58B | 9.26B | 8.23B | 7.71B |
| Cash, Cash Equivalents and Short-Term Investments | 1.77B | 2.35B | 745.28M | 959.68M | 569.52M |
| Total Debt | 281.15M | 255.82M | 79.97M | 33.27M | 2.56M |
| Total Liabilities | 2.91B | 1.55B | 1.41B | 1.04B | 1.18B |
| Stockholders Equity | 8.55B | 7.88B | 7.69B | 7.19B | 6.54B |
Cash Flow | |||||
| Free Cash Flow | -212.26M | -670.94M | 516.61M | 637.54M | 1.01B |
| Operating Cash Flow | -85.15M | -571.59M | 593.56M | 714.93M | 1.07B |
| Investing Cash Flow | 781.01M | 834.92M | 70.95M | -271.17M | -691.37M |
| Financing Cash Flow | -486.38M | -464.38M | -394.14M | -370.72M | -392.14M |
Sasken Technologies Ltd Technical Analysis
Negative
1501.20
Price Trends
1830.07
Negative
1951.60
Negative
1612.25
Positive
Market Momentum
-50.35
Positive
38.35
Neutral
30.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SASKEN, the sentiment is Negative. The current price of 1501.2 is below the 20-day moving average (MA) of 1730.20, below the 50-day MA of 1830.07, and below the 200-day MA of 1612.25, indicating a neutral trend. The MACD of -50.35 indicates Positive momentum. The RSI at 38.35 is Neutral, neither overbought nor oversold. The STOCH value of 30.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SASKEN.
Sasken Technologies Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹870.46B | 44.81 | ― | 0.33% | 25.39% | 25.32% | |
70 Outperform | ₹1.47T | 25.74 | ― | 3.43% | 10.95% | 12.97% | |
68 Neutral | ₹285.29B | 50.85 | ― | 1.19% | 15.21% | -18.75% | |
65 Neutral | ₹344.47B | 26.11 | ― | 1.78% | 5.66% | 3.90% | |
64 Neutral | ₹135.15B | 22.62 | ― | 1.55% | 9.55% | -27.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹25.48B | 36.42 | ― | 1.51% | 68.15% | 66.19% |
* General Sector Average
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Sasken Technologies Ltd Corporate Events
Sasken’s GST Appeal Dismissed; Rs 10.9 Crore Demand Confirmed, No Material Impact Seen
Sep 22, 2026
Sasken Technologies Limited has disclosed that the Joint Commissioner Appeals, GST Department, Bengaluru, has dismissed its appeal for FY 2021-22 under the SGST and CGST Acts. The order confirms a tax demand of Rs 5.87 crore, interest of Rs 4.44 c...
Sasken Faces GST Appeal Setback but Sees No Material Financial Impact
Sep 22, 2026
Sasken Technologies has disclosed that the Joint Commissioner Appeals of the GST Department in Bengaluru has dismissed its appeal for FY 2020-21 under the SGST and CGST Acts, thereby confirming a tax demand originally raised by the state tax autho...
Sasken Technologies Closes Insider Trading Window Ahead of Quarterly Results
Sep 16, 2026
Sasken Technologies Ltd. has announced the closure of its trading window for company insiders, in line with SEBI’s Prohibition of Insider Trading Regulations and its own internal code governing trades in its securities. The move applies to d...
Sasken Schedules Virtual Meets With Key Institutional Investors
Aug 17, 2026
Sasken Technologies Limited has announced that its representatives will hold virtual meetings with institutional investors MKP Securities and Nippon AIF on 20 August 2026. The company stated that discussions will rely solely on its Q1 FY27 and ear...
Sasken Technologies Adopts FY26 Accounts, Declares Dividend at 38th AGM
Jul 31, 2026
Sasken Technologies Ltd held its 38th Annual General Meeting on July 31, 2026, via video conferencing and other audio-visual means in line with Ministry of Corporate Affairs and SEBI circulars. The AGM was deemed to have taken place at the company...
Sasken Technologies Sets August 3 Earnings Call to Discuss Q1 FY27 Results
Jul 30, 2026
Sasken Technologies Ltd, a Bengaluru-headquartered provider of product engineering and RD services to industries including semiconductors, automotive, industrials, telecom, and consumer electronics, is part of the Sasken Group, which also encompas...
Sasken Schedules Board Meeting to Approve Q1 FY27 Financial Results
Jul 24, 2026
Sasken Technologies Limited has announced that its Board of Directors will meet on July 31, 2026, to review and approve the audited standalone and consolidated financial results for the quarter ended June 30, 2026. This scheduled board meeting sig...
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.