Seshaasai Technologies Limited
₹312.70-₹20.85 (-6.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,469 Cr
- P/E
- 20.8x
- EV / EBITDA
- 15.5x
- Revenue
- ₹1,462 Cr
- Net margin
- 10.8%
- ROCE
- 37.2%
Price chart
Technical chartScreen technicals →-15.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -15.4%
- 3M
- -9.8%
- 6M
- +29.2%
- 1Y
- -15.5%
- 5Y
- -26.5%
52-week range
Day change -₹20.85 (-6.3%) from ₹334 to ₹313 · Last close Oct 30, 2026
AI Summary
Indian StockStrengths1
- Healthy return on equity of 38.9%
Concerns0
Rule-based from financial data. Not advice.
About the company
Seshaasai Technologies Limited provides payment, communications and fulfilment, and IoT solutions in India.
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Seshaasai Technologies Limited provides payment, communications and fulfilment, and IoT solutions in India. The company offers smart cards comprising banking, smart ID payment, contact-based, multi-utility contactless, transit, prepaid, access and control payment, and NFT token cards; metal and high-tech payment cards; merchant QR solutions; payment form factor products, such as wrist bands, key fobs and chains, watch straps, payment stickers and bracelets, and custom packaging kits; and secure banking instruments, including personalised cheque books, demand drafts and payment orders, passbooks, and customer communication products. It also provides print communication products consisting of statements, policy documents, business communication documents, utility bills, and loyalty campaigns, as well as direct mail, including brochures, postcards, and packages. In addition, the company offers radio frequency identification (RFID) solutions; RFID components, such as RFID inlays, RFID tags and labels, RFID automation, software integration, and handheld readers; RFID tunnels and antennas; RFID for the banking, financial, and insurance sector; and RFID active tracking, as well as eSIMs and SIM cards. Further, it provides various platforms comprising RUBIC, a customer communication platform; eTaTrak for integrated deliverables and logistics management; IOMS, an inventory and order management system; and izeIOT for connected products over the cloud. The company serves the banking, financial services, insurance, government, retail, supply chain and manufacturing, health and pharma, and renewable energy industries. Seshaasai Technologies Limited was incorporated in 1993 and is based in Mumbai, India.
- Sector
- Technology
- Shares outstanding
- 16.2 Cr shares
- ISIN
- INE04VU01023
- BSE code
- 544533
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,469 Cr
- P/E
- 20.8x
- P/B
- 3.5x
- EV / EBITDA
- 15.5x
- EV / Sales
- 3.0x
- P/S
- 2.9x
- Earnings yield
- 4.8%
- 52-week high
- ₹422.45
- 52-week low
- ₹213.85
Profitability
- Operating margin
- 18.7%
- Net margin
- 10.8%
- EBITDA margin
- 19.4%
- ROE
- 38.9%
- ROCE
- 37.2%
- ROA
- 17.6%
- Dividend payout
- 5.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 4.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,462 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹303 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 46.4%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹202 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 296.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹56.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.6%
Solvency and efficiency
- Current ratio
- 3.44
- Debt / Equity
- 0.80
- Debt / Assets
- 0.36
- Debt / EBITDA
- 1.16
- Interest coverage
- 8.59
- Financial leverage
- 2.21
- CFO / Net profit
- 1.20
- Cash / Market cap
- 13.0%
- Cash per share
- ₹35.88
- Asset turnover
- 1.62
- Fixed asset turnover
- 4.44
- Capital intensity
- 0.23
- Debtor days
- 52 days
- Inventory turnover
- 5.79
- Cash conversion cycle
- 62 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹15 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,102 Cr |
| Sales | Operating profit | ₹360 Cr |
| Operating profit | Interest | ₹34 Cr |
| Operating profit | Depreciation | ₹41 Cr |
| Operating profit | Profit before tax | ₹285 Cr |
| Other income | Profit before tax | ₹10 Cr |
| Profit before tax | Tax and other | ₹73 Cr |
| Profit before tax | Net profit | ₹222 Cr |
Revenue and net profit
Revenue fell 6.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹369 Cr | ₹11 Cr |
| FY2022 | ₹673 Cr | ₹37 Cr |
| FY2023 | ₹1,146 Cr | ₹107 Cr |
| FY2024 | ₹1,558 Cr | ₹169 Cr |
| FY2025 | ₹1,462 Cr | ₹222 Cr |
Cash flows
Cash from operations, with free cash flow as the dashed line.
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹32 Cr | ₹11 Cr |
| FY2022 | ₹58 Cr | ₹17 Cr |
| FY2023 | ₹51 Cr | -₹21 Cr |
| FY2024 | ₹202 Cr | ₹88 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,462 Cr-6.2%1Y
- Net profit
- ₹222 Cr+31.4%1Y
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,462 Cr | ₹360 Cr | — | ₹222 Cr | — | — | 34.8% | -6.2% | +31.4% |
Monthly returns
Month-by-month returns of STYL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,160 Cr |
| Equity capital | ₹148 Cr |
| Reserves | ₹490 Cr |
| Borrowings | ₹379 Cr |
| Other liabilities | ₹144 Cr |
| Assets | ₹1,160 Cr |
| Fixed assets | ₹428 Cr |
| Capital work in progress | ₹8 Cr |
| Investments | ₹25 Cr |
| Other assets | ₹699 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
STYL trades at 20.8x earnings against a peer median of 52.1x (a 60% discount).
Not shown (no positive earnings and no EV / Sales): Sterlite Technologies Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Seshaasai Technologies LimitedSTYLthis companyP/E ↓ discount | ₹4,469 Cr | 20.8x | 3.5x | 38.9% | 15.5x |
| Technocraft Industries (India) Ltd.TIIL | ₹4,713 Cr | 20.3x | 3.1x | 12.5% | 15.9x |
| Cigniti Technologies LtdCIGNITI | ₹4,640 Cr | 24.4x | 6.2x | 18.6% | 30.7x |
| eMudhra LimitedEMUDHRA | ₹4,633 Cr | 202.0x | 8.4x | 4.0% | 97.4x |
| R Systems International LimitedRSYSTEMS | ₹4,561 Cr | 19.3x | 8.2x | — | — |
| Sterlite Technologies Limited.STLTECH | ₹4,536 Cr | — | 3.2x | -7.4% | 26.6x |
| Datamatics Global Services LimitedDATAMATICS | ₹4,344 Cr | 58.9x | 5.0x | 10.4% | 35.0x |
| ASM Technologies Ltd.ASM TECHNOLO | ₹4,324 Cr | 76.6x | 13.6x | 1.9% | 229.0x |
| TechNVision Ventures LimitedTECHNVISN | ₹4,151 Cr | 4030.0x | 233.6x | 3.6% | 1459.8x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
STYL since 1 January, against earlier years.
Historical volatility
STYL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 15.0% |
| FY2023 | 17.0% |
| FY2024 | 19.0% |
| FY2025 | 25.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,462 Cr |
| Costs | |
| Interest | ₹34 Cr |
| Expenses | ₹1,102 Cr |
| Operating profitOperating Profit | ₹360 Cr |
| Other income and charges | |
| Profit before tax | ₹295 Cr |
| Tax | |
| Net profitNet Profit | ₹222 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,160 Cr |
| Equity capitalEquity Capital | ₹148 Cr |
| Reserves | ₹490 Cr |
| Borrowings | ₹379 Cr |
| Other liabilitiesOther Liabilities | ₹144 Cr |
| AssetsTotal Assets | ₹1,160 Cr |
| Fixed assetsFixed Assets | ₹428 Cr |
| Capital work in progressCWIP | ₹8 Cr |
| Investments | ₹25 Cr |
| Other assetsOther Assets | ₹699 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | — |
| Investing cash flowCash from Investing Activity | — |
| Financing cash flowCash from Financing Activity | — |
| Change in cashNet Cash Flow | — |
Learn while you research
Academy chapters picked for Seshaasai Technologies Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read