Bartronics India Limited (ASMS) AI Stock Analysis

• Market Cap: ₹3.38B
• Dividend Yield: N/A
• Average Volume (3M): 15.16K
• Price to Earnings (P/E): 164.2
• Beta (1Y): 1.23
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 130
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.03
• Shares Outstanding: 304,576,750
• 10 Day Avg. Volume: 18,067
• 30 Day Avg. Volume: 15,165
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ₹11.50 ▼(-4.17% Downside)

The score is primarily held back by weak cash generation and declining revenue despite a currently conservative balance sheet. Technicals also lean bearish with the stock trading below key moving averages and negative MACD. Valuation is a significant headwind due to an extremely high P/E and no dividend yield data.

Bartronics India Limited Business Overview & Revenue Model

Company Description

Bartronics India Limited provides automatic identification, data capture, and financial inclusion services in India and internationally. The company offers a range of banking services, including financial inclusion, business correspondent, and business facilitation banking services. It also provides e-government solutions that include health insurance, public distribution system, smart card based driving license and vehicle registration, and pilgrim management system. In addition, the company provides Internet of Things solutions in healthcare, agriculture, smart cities, and industrial automation industries; technology, mobility, and enterprise solutions; and application development, management, software quality assurance, and IT infrastructure management services. The company was formerly known as Super Bartronics Limited and changed its name to Bartronics India Limited in January 1996. Bartronics India Limited was incorporated in 1990 and is headquartered in Hyderabad, India.

How the Company Makes Money

Bartronics India Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	400.36M	488.38M	526.27M	655.62M
Gross Profit	38.43M	44.70M	59.09M	556.18M
EBITDA	24.55M	6.81M	1.60B	57.71M
Net Income	17.46M	13.83M	1.10B	-503.01M
Balance Sheet
Total Assets	325.55M	297.39M	278.04M	16.19B
Cash, Cash Equivalents and Short-Term Investments	15.78M	102.81M	39.43M	90.70M
Total Debt	1.83M	0.00	0.00	12.00B
Total Liabilities	43.05M	32.34M	23.96M	15.52B
Stockholders Equity	282.50M	265.05M	254.08M	664.69M
Cash Flow
Free Cash Flow	-20.17M	-5.25M	-92.95M	39.77M
Operating Cash Flow	-17.38M	-4.81M	-92.93M	39.83M
Investing Cash Flow	-12.79M	9.56M	5.87M	1.22M
Financing Cash Flow	1.76M	0.00	-22.54M	89.00K

Bartronics India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CYBERTECH	71 Outperform	₹4.31B	12.14	―	13.69%	4.44%	21.20%
DCI	68 Neutral	₹3.83B	20.87	―	―	20.39%	11.63%
TERASOFT	66 Neutral	₹5.10B	31.27	―	0.23%	71.84%	138.63%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INSPIRISYS	61 Neutral	₹3.30B	8.46	―	―	-1.07%	187.83%
3IINFOLTD	55 Neutral	₹3.15B	2.88	―	―	-6.88%	―
ASMS	43 Neutral	₹3.38B	164.20	―	―	―	―

Bartronics India Limited Corporate Events

Bartronics India to Scale Maharashtra Gramin Bank’s Rural Network Under Long-Term SLA

Bartronics India Limited has announced that it will enter into a long-term Service Level Agreement with Maharashtra Gramin Bank to strengthen and expand the bank’s rural banking correspondent and customer outreach network across its operational regions in Maharashtra. Building on a seven-year partnership in which Bartronics has managed about 350 banking touchpoints, the renewed engagement will see the network scaled to nearly 600 touchpoints through the phased addition of around 250 new Customer Service Points, with expected cumulative revenues of about ₹30 crore over the next five years, subject to transaction volumes and service uptake. The expansion is aimed at deepening last-mile banking penetration in rural Maharashtra and is expected to generate local employment through the onboarding of CSP agents, supervisors, and field staff, while continuing to support core financial inclusion services such as cash transactions, fund transfers, Aadhaar-enabled payments, government scheme enrollments, and financial literacy initiatives.

Bartronics India Kicks Off Pan-India Agritech Rollout with Maharashtra Lead, Uttar Pradesh Next

Bartronics India Limited has moved from planning to live execution of its agritech strategy, completing an initial on-ground rollout in Maharashtra and preparing to extend the model to Uttar Pradesh as part of a broader pan-India expansion. Through 10 field engagement sessions across key agricultural districts in Maharashtra, the company has engaged an extensive stakeholder network spanning farmers, FPOs, cooperatives, traders, commission agents, logistics and warehouse operators, food processors and rural service providers, collectively providing access to over one million farmers. The initiative, built around a platform approach that integrates market access, logistics, storage and services rather than isolated farmer interventions, is supported by Ampivo AI, which has soft-launched a multilingual agritech application serving as the digital backbone for farmer onboarding, ecosystem mapping and marketplace enablement. Drawing on learnings and traction from Maharashtra, Bartronics plans to leverage its strong operational presence in Uttar Pradesh for the next phase of field activation, followed by a phased rollout in other agricultural regions, signalling a significant scale-up of its agritech ambitions and potentially reshaping its position in India’s digital agriculture value chain.