NSE: SASKEN · BSE: 532663
SASKEN TECHNOLOGIES LTD
Operates as an Indian IT services company with two reportable segments. Software Services contributes 69.4% of total segment revenue at Rs 772.46 crore in FY26 with a 27.2% EBIT margin, and grew 24.3% year-on-year in Q1 FY27. Product Solutions, the second segment, accounted for 30.6% of revenue at Rs 340.70 crore with an 8.1% EBIT margin and was described as stabilising in Q1 FY27 amid memory cost pressure. The business is people-intensive, with employee costs at 56.7% of FY26 revenue (Rs 631.18 crore), followed by materials at 21.3% and other operating expenses at 14.2%. Sasken Technologies is debt-free, with FY26 total revenue of Rs 1,113.17 crore, net profit of Rs 58.65 crore, and a net profit margin of 5.27%. In Q1 FY27, it added five new client logos and booked new order total contract value of US$33.7 million. The board has recommended a final dividend of Rs 13 per share for FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Software Services (69%), Product Solutions (31%). People-intensive IT services with debt-free balance sheet
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 434 | 447 | 406 | 551 | 1,113 |
| EBITDA (ex other income) | 129 | 101 | 31 | 23 | 80 |
| margin % | 29.7 | 22.5 | 7.6 | 4.2 | 7.2 |
| Owners' profit | 128 | 99 | 79 | 50 | 54 |
| EPS, as reported (₹) | 85.31 | 66.14 | 52.29 | 33.30 | 35.61 |
| ROE % · ROCE % | 19.6 · 23.9 | 13.8 · 17.0 | 10.0 · 11.7 | 6.3 · 7.7 | 6.7 · 8.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 107 | 71 | 59 | (57) | (23) |
| Capex | (7) | (8) | (8) | (10) | (13) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135 | 145 | 148 | 274 | 529 | 250 | 334 | 339 |
| Profit before tax | 19 | 11 | 13 | 12 | 26 | 12 | 37 | 30 |
| Net profit | 12 | 9 | 12 | 10 | 21 | 9 | 29 | 24 |
| EPS (₹) | 7.98 | 6.00 | 7.29 | 6.24 | 12.68 | 5.12 | 17.79 | 16.37 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Software Services | 949 | 68.4 |
| Product Solutions | 438 | 31.6 |
| Total, before eliminations | 1,387 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 43,370 | 32.9 | 6.68 | 20.0 | 19.7 | 21.1 | 15.1 | 19.6 |
| INVENTURUS KNOWLEDGE SO L | 28,839 | 37.0 | 10.30 | 26.2 | 25.8 | 27.7 | — | 33.6 |
| TATA TECHNOLOGIES LIMITED | 26,430 | 47.4 | 6.74 | 28.7 | 13.9 | 14.3 | — | 18.3 |
| NETWEB TECH INDIA LTD | 25,071 | 95.9 | 34.66 | — | 28.5 | 37.5 | — | 15.7 |
| SAGILITY LIMITED | 21,192 | 21.4 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| AFFLE 3I LIMITED | 19,968 | 41.7 | 5.47 | 27.3 | 12.5 | 15.2 | 39.3 | 25.8 |
| BLACK BOX LIMITED | 14,418 | 61.8 | 11.20 | 28.7 | 16.9 | 9.5 | 6.2 | 8.4 |
| CYIENT LIMITED | 12,888 | 33.8 | 2.09 | 11.7 | 7.5 | 9.7 | 12.0 | 13.0 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 35.8 | 17.9 | 58 of 76 | 24% |
| P/B | 3.2 | 2.2 | 52 of 70 | 26% |
| ROCE | 8.2 | 9.6 | 48 of 86 | 45% |
| ROE | 6.7 | 9.2 | 40 of 70 | 44% |
| Debt / Equity | 0.0 | 0.0 | 1 of 70 | 74% |
| EBITDA margin | 12.3 | 13.0 | 36 of 69 | 49% |
| Revenue growth | 24.0 | 20.8 | 30 of 67 | 56% |
| Profit growth | 135.1 | 14.6 | 9 of 64 | 87% |
| Market cap | 2825 | 325 | 14 of 87 | 85% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Q2 FY27 profit jumps 144%; board declares Rs 12 interim dividend | results | high | — | — |
| 28 Oct 2026 · Sasken Q2 FY27 revenue rises 26%, profit jumps 144%; Rs12 dividend declared | results | high | — | — |
| 28 Oct 2026 · Q2 profit up 144%, interim dividend of Rs 12 per share; record date Nov 3, 2026 | results | high | — | — |
| 28 Oct 2026 · Q2 revenue rises 26%, profit jumps 144%; Rs 12 interim dividend | results | high | — | — |
| 28 Oct 2026 · Sasken declares Rs 12 interim dividend after strong Q2 profit growth | corporate actions | high | — | — |
| 28 Oct 2026 · Q2 revenue up 25.6%, net profit up 144% to Rs 25.6 cr; Rs 12 interim dividend | results | high | — | — |
| 26 Oct 2026 · Sasken to discuss Q2 and H1 FY27 results on October 29 | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Depository certificates filed for quarter ended September 30, 2026 | compliance | minimal | — | — |
| 21 Oct 2026 · Sasken board to meet Oct 28 to consider Q2 results and interim dividend | results | low | — | — |
| 21 Oct 2026 · Board to review September 2026 results and interim dividend | results | low | — | — |
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.