NSE: CSM · BSE: 544806
CSM TECHNOLOGIES LIMITED
Provides government-technology (GovTech) and digital public infrastructure software to state and national governments in India and abroad. Operates across 14 countries, 20 Indian states and union territories, with roughly 1,300 employees running around 180 active projects on multi-year contracts of typically 3-5 years. FY26 revenue stood at Rs 226 cr (up 12% YoY), with an order book of Rs 357.63 cr as of 31 March 2026 — about 1.5x annual revenue and providing visibility beyond 24 months. Mining is its top industry vertical, and it has built capabilities around the MOSIP open-source digital identity framework for foundational ID systems. International work contributed roughly 5-9% of FY26 revenue, with an African delivery centre in Nairobi and new country additions in Malawi and Cabo Verde; a World Bank-funded electronic auctioning platform for Malawi was won in mid-2026. Largest input cost is people, evidenced by a one-time Rs 2.7 cr exceptional charge booked for new Labour Codes. AR · MarketPing reader · 2026-09-16
Revenue streams, as the annual report describes them. GovTech and digital public infrastructure projects, Mining sector solutions, International government projects (9%). Long-cycle, project-based government IT services with multi-year contracts
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 43 |
| Profit before tax | (11) |
| Net profit | (8) |
| EPS (₹) | (2.14) |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · COO promoted to Chief Strategy Officer; VP gets salary hike | management changes | medium | — | — |
| 30 Sept 2026 · AGM approvals: director rotation change and new secretarial auditor | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · All 7 resolutions passed at 27th AGM; final dividend approved | board shareholder meetings | low | — | — |
| 29 Sept 2026 · CSM Technologies 27th AGM concludes via VC; 7 resolutions on dividend, RPTs | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closes ahead of Q2 FY26 results announcement | compliance | minimal | — | — |
| 23 Sept 2026 · CSM Technologies clarifies on recent share price movement | regulatory legal | medium | — | — |
| 22 Sept 2026 · BSE seeks clarification from CSM Technologies on price movement | regulatory legal | high | — | — |
| 21 Sept 2026 · CSM Technologies AGM on 29 Sep 2026; Book Closure 22-29 Sep | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 27th AGM notice advertisement and e-voting details announced | compliance | minimal | — | — |
| 5 Sept 2026 · CSM Technologies announces 27th AGM on 29 September 2026 via video conferencing | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.