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Raymond Moses: Unleashing the Financial Potential of Billions!
BSE: 532663 | NSE: SASKEN | IT - Software | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sasken Technologies Ltd is a good quality company.
The key valuation ratios of Sasken Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sasken Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 63.2% | 61.2% | 16.5% | 16.2% | 17.5% | 19.7% | 24.2% | 25.5% | 16.6% | 13.2% | - |
| Value Creation Index ⓘ | 3.5 | 3.4 | 0.2 | 0.2 | 0.3 | 0.4 | 0.7 | 0.8 | 0.2 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 347 | 402 | 390 | 421 | 415 | 417 | 392 | 386 | 351 | 335 | 380 |
| Sales YoY Gr. | - | 15.9% | -2.9% | 7.9% | -1.6% | 0.5% | -5.8% | -1.7% | -9.1% | -4.7% | - |
| Adj EPS ⓘ | 1.1 | 23.6 | 29.3 | 40.1 | 47 | 48.7 | 70.6 | 82.9 | 61.2 | 53.8 | 41.9 |
| YoY Gr. | - | 1971.9% | 24.1% | 36.9% | 17% | 3.6% | 45.2% | 17.4% | -26.1% | -12.1% | - |
| BVPS (₹) ⓘ | 209.2 | 281.5 | 327.7 | 360.9 | 409.8 | 318.1 | 377.6 | 435.4 | 472.8 | 506.6 | 519.6 |
| Adj Net Profit ⓘ | 2.4 | 41.9 | 50.2 | 68.7 | 80.4 | 73.2 | 106 | 125 | 92.1 | 81.2 | 63 |
| Cash Flow from Ops. ⓘ | 182 | 246 | 8 | 57.2 | 19.2 | 107 | 96.7 | 102 | 31.2 | 44 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -0.4% | -4.2% | -5.2% | -4.7% | ||||
| Adj EPS ⓘ | 53.5% | 2.8% | -8.7% | -12.1% | ||||
| BVPSⓘ | 10.3% | 4.3% | 10.3% | 7.2% | ||||
| Share Price | 21.7% | 23.8% | 10.9% | 47.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.6 | 8.9 | 9.5 | 11.7 | 12.2 | 12.4 | 20.3 | 20.4 | 13.4 | 10.9 | 8.2 |
| Op. Profit Mgn % ⓘ | 6.5 | 7.6 | 9 | 12.5 | 16.2 | 20.7 | 31.2 | 30.1 | 15.8 | 6.1 | 2.3 |
| Net Profit Mgn % ⓘ | 0.7 | 10.4 | 12.9 | 16.3 | 19.4 | 17.6 | 27.1 | 32.3 | 26.3 | 24.3 | 16.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 186 | 153 | 174 | 155 | 162 | 171 | 157 | 143 | 160 | 167 | 75 |
| Cash Conv. Cycle ⓘ | 40 | 17 | 28 | 46 | 46 | 51 | 48 | 42 | 52 | 49 | 26 |
Sales growth is good in last 4 quarters at 11.36%
Return on Equity has declined versus last 3 years average to 8.20%
Sales growth has been subdued in last 3 years -5.18%
Net Profit has been subdued in last 3 years -8.65%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 41.9 | 43.1 |
| TTM Sales (₹ Cr.) | 380 | 464 |
| BVPS (₹.) ⓘ | 519.6 | 520.7 |
| Reserves (₹ Cr.) ⓘ | 770 | 771 |
| P/BV ⓘ | 3.30 | 3.29 |
| PE ⓘ | 40.94 | 39.75 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1131.10 / 1950.00 |
| All Time Low / High (₹) | 41.00 / 1950.00 |
| Market Cap (₹ Cr.) | 2,589 |
| Equity (₹ Cr.) | 15.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 33.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 347 | 402 | 390 | 421 | 415 | 417 | 392 | 386 | 351 | 335 |
| Operating Expenses ⓘ | 324 | 371 | 355 | 370 | 347 | 330 | 272 | 270 | 296 | 314 |
| Manufacturing Costs | 22 | 26 | 32 | 30 | 30 | 27 | 20 | 19 | 17 | 14 |
| Material Costs | 1 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 259 | 291 | 282 | 300 | 278 | 268 | 232 | 233 | 252 | 266 |
| Other Costs ⓘ | 43 | 57 | 42 | 40 | 40 | 35 | 20 | 18 | 27 | 34 |
| Operating Profit ⓘ | 23 | 31 | 35 | 51 | 67 | 86 | 121 | 116 | 55 | 20 |
| Operating Profit Margin (%) | 6.5% | 7.6% | 9.0% | 12.2% | 16.2% | 20.7% | 30.8% | 30.1% | 15.8% | 6.1% |
| Other Income ⓘ | 24 | 31 | 38 | 50 | 54 | 40 | 35 | 46 | 65 | 84 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 10 | 6 | 6 | 6 | 6 | 10 | 9 | 6 | 6 | 6 |
| Exceptional Items ⓘ | 217 | 233 | 20 | 0 | 0 | 0 | -20 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 254 | 289 | 87 | 95 | 115 | 116 | 126 | 156 | 114 | 98 |
| Tax ⓘ | 95 | 81 | 9 | 12 | 21 | 33 | 34 | 28 | 16 | 14 |
| Profit After Tax | 159 | 209 | 78 | 83 | 94 | 82 | 93 | 128 | 98 | 84 |
| PAT Margin (%) | 45.8% | 52.0% | 19.9% | 19.7% | 22.7% | 19.8% | 23.6% | 33.2% | 28.0% | 25.1% |
| Adjusted EPS (₹) | 74.4 | 117.9 | 45.5 | 48.5 | 55.0 | 54.7 | 61.5 | 85.2 | 65.2 | 55.8 |
| Dividend Payout Ratio (%) | 36% | 27% | 15% | 21% | 23% | 101% | 41% | 29% | 38% | 45% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 447 | 499 | 561 | 617 | 701 | 479 | 568 | 655 | 712 | 764 |
| Share Capital ⓘ | 21 | 18 | 17 | 17 | 17 | 15 | 15 | 15 | 15 | 15 |
| Reserves ⓘ | 425 | 481 | 544 | 600 | 684 | 464 | 553 | 640 | 696 | 749 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 22 | 63 | 13 | 15 | 16 | 14 | 12 | 15 | 9 | 9 |
| Others Liabilities ⓘ | 64 | 57 | 75 | 70 | 62 | 106 | 73 | 84 | 81 | 107 |
| Total Liabilities ⓘ | 533 | 618 | 649 | 703 | 779 | 599 | 653 | 755 | 802 | 880 |
Fixed Assets | ||||||||||
| Gross Block | 177 | 176 | 43 | 46 | 53 | 68 | 62 | 66 | 73 | 74 |
| Accumulated Depreciation | 136 | 136 | 6 | 11 | 16 | 26 | 29 | 34 | 37 | 41 |
| Net Fixed Assetsⓘ | 41 | 39 | 37 | 35 | 37 | 42 | 33 | 32 | 36 | 33 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 223 | 387 | 407 | 487 | 534 | 358 | 433 | 559 | 602 | 685 |
| Inventories | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 60 | 80 | 69 | 71 | 73 | 82 | 59 | 71 | 60 | 51 |
| Cash Equivalents | 110 | 13 | 12 | 14 | 4 | 11 | 37 | 12 | 7 | 12 |
| Others Assetsⓘ | 98 | 97 | 123 | 94 | 130 | 105 | 91 | 81 | 96 | 99 |
| Total Assets ⓘ | 533 | 618 | 649 | 703 | 779 | 599 | 653 | 755 | 802 | 880 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 182 | 246 | 8 | 57 | 19 | 107 | 97 | 102 | 31 | 44 |
| PBT ⓘ | 254 | 289 | 87 | 95 | 115 | 116 | 126 | 156 | 114 | 98 |
| Adjustment ⓘ | 3 | 14 | -29 | -42 | -46 | -19 | -6 | -37 | -51 | -71 |
| Changes in Working Capital ⓘ | 17 | 15 | -33 | 15 | -38 | 5 | -9 | -5 | -32 | 18 |
| Tax Paid ⓘ | -91 | -72 | -17 | -11 | -13 | 5 | -15 | -12 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -118 | -78 | 26 | -37 | -12 | 184 | -84 | -56 | 2 | 0 |
| Capex | -3 | -4 | -4 | -4 | -8 | -14 | -2 | -4 | -6 | -2 |
| Net Investments | -51 | -93 | 18 | -60 | -17 | 176 | -102 | -72 | -25 | 7 |
| Others ⓘ | -64 | 18 | 11 | 27 | 13 | 22 | 19 | 20 | 33 | -5 |
| Cash Flow From Financing Activityⓘ | -65 | -171 | -31 | -18 | -18 | -284 | -17 | -41 | -38 | -39 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -57 | -63 | -6 | -18 | -18 | -114 | -15 | -41 | -38 | -38 |
| Others ⓘ | -7 | -108 | -25 | 0 | 0 | -170 | -2 | 0 | -1 | -2 |
| Net Cash Flow ⓘ | -1 | -3 | 3 | 2 | -10 | 7 | -5 | 5 | -5 | 4 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 39.79 | 44.2 | 14.68 | 14.09 | 14.26 | 13.95 | 17.69 | 20.97 | 14.36 | 11.41 |
| ROCE (%) | 63.22 | 61.23 | 16.45 | 16.21 | 17.48 | 19.71 | 24.15 | 25.51 | 16.6 | 13.21 |
| Asset Turnover Ratio | 0.73 | 0.7 | 0.62 | 0.62 | 0.56 | 0.6 | 0.63 | 0.55 | 0.45 | 0.4 |
| PAT to CFO Conversion(x) | 1.14 | 1.18 | 0.1 | 0.69 | 0.2 | 1.3 | 1.04 | 0.8 | 0.32 | 0.52 | Working Capital Days |
| Receivable Days | 70 | 64 | 70 | 61 | 64 | 68 | 66 | 61 | 68 | 61 |
| Inventory Days | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | -7,655 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Established in 1989, Sasken employs around 1400 people, operating from state-of-the-art centers in Bengaluru, Pune, Chennai, and Kolkata (India), Kaustinen and Tampere (Finland), and München (Germany). The company also has a presence across Japan and UK. Sasken has been listed in the National Stock Exchange and Bombay Stock Exchange Ltd. in Mumbai, India since its initial public offering in 2005.
The company’s solutions are backed by CMMI-DEV-V1.3-ML3, ISO 9001 (QMS) and ISO/IEC 27001 (ISMS) certifications. The company’s proprietary quality management system strengthens its business offerings and ensures client satisfaction. Sasken’s commitment to environment, health and safety is backed by its ISO 14001 (EMS) certification.
Sasken is compliant to ISO 26262 Road Vehicles-Functional Safety standard for Management of Functional Safety, Software Product Development, and Supporting Processes.
Business area of the company
The company is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries.
Industry Offerings
Consumer Electronics
Automotive
Enterprise Devices
Satcom
Semiconductor
Telecom
Industrials
Transportation Services
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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