Bartronics India Limited (IN:ASMS)
:ASMS
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Bartronics India Limited
(ASMS)
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Rating:43Neutral
Price Target:
₹7.00
▼(-7.41% Downside)
Action:Reiterated
Date:05/31/26
The score is held down primarily by weak cash flow quality (negative free cash flow and low cash conversion) and a below-trend technical setup (price below key moving averages with negative MACD). A high P/E further limits the score given the business’s volatile financial history, despite FY2026’s revenue rebound and improved leverage.
Positive Factors
Improved Leverage
Reduced leverage to ~0.26 and equity growth strengthen the capital structure, lowering refinancing and interest risk. This durable improvement increases financial flexibility for capex, working capital or strategic investments and reduces balance-sheet vulnerability over the next 2–6 months.
Negative Factors
Weak Cash Generation / Negative FCF
Persistent negative free cash flow and historically negative operating cash flow mean reported profits are not converting to cash. This undermines self-funding capacity, may force external financing for growth or working capital, and raises medium-term liquidity and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Reduced leverage to ~0.26 and equity growth strengthen the capital structure, lowering refinancing and interest risk. This durable improvement increases financial flexibility for capex, working capital or strategic investments and reduces balance-sheet vulnerability over the next 2–6 months.
Read all positive factors
Bartronics India Limited (ASMS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.21B
Dividend YieldN/A
Average Volume (3M)15.16K
Price to Earnings (P/E)36.1
Beta (1Y)1.68
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees130
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.06
Shares Outstanding304,576,750
10 Day Avg. Volume18,067
30 Day Avg. Volume15,165
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)6.40
Price to Sales (P/S)2.10
P/FCF Ratio-479.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bartronics India Limited Business Overview & Revenue Model
Company Description
Bartronics India Ltd. operates internationally and within India, providing specialized services in automated identification, data acquisition, and financial inclusion. The company's diverse offerings include a variety of banking support services, ...
How the Company Makes Money
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Bartronics India Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 213.03M | 1.04B | 400.36M | 488.38M | 526.27M | 655.62M |
| Gross Profit | 34.91M | 86.57M | 38.43M | 44.70M | 59.09M | 556.18M |
| EBITDA | 24.43M | 56.66M | 24.55M | 6.81M | 1.60B | 57.71M |
| Net Income | 19.35M | 59.35M | 17.46M | 13.83M | 1.10B | -503.01M |
Balance Sheet | ||||||
| Total Assets | 347.30M | 680.41M | 325.55M | 297.39M | 278.04M | 16.19B |
| Cash, Cash Equivalents and Short-Term Investments | 14.27M | 12.50M | 15.78M | 102.81M | 39.43M | 90.70M |
| Total Debt | 1.67M | 87.54M | 1.83M | 0.00 | 0.00 | 12.00B |
| Total Liabilities | 50.40M | 338.65M | 43.05M | 32.34M | 23.96M | 15.52B |
| Stockholders Equity | 296.90M | 341.75M | 282.50M | 265.05M | 254.08M | 664.69M |
Cash Flow | ||||||
| Free Cash Flow | -17.36M | -4.56M | -20.17M | -5.25M | -92.95M | 39.77M |
| Operating Cash Flow | -17.11M | 12.88M | -17.38M | -4.81M | -92.93M | 39.83M |
| Investing Cash Flow | 11.14M | -102.36M | -12.79M | 9.56M | 5.87M | 1.22M |
| Financing Cash Flow | -450.00K | 85.70M | 1.76M | 0.00 | -22.54M | 89.00K |
Bartronics India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹4.23B | 13.94 | ― | 13.69% | 0.53% | -12.90% | |
67 Neutral | ₹4.51B | 10.77 | ― | ― | 22.60% | 29.03% | |
62 Neutral | ₹5.29B | 21.40 | ― | 0.23% | 121.14% | 173.12% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | ₹3.57B | 10.38 | ― | ― | -4.46% | -36.03% | |
51 Neutral | ₹4.40B | 20.51 | ― | ― | 32.61% | 25.99% | |
43 Neutral | ₹2.21B | 36.10 | ― | ― | ― | ― |
* Technology Sector Average
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Bartronics India Limited
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Bartronics India Limited Corporate Events
Avio Smart Market Stack Files SEBI Compliance Certificate for March Quarter
Apr 16, 2026
Avio Smart Market Stack Limited has notified the stock exchanges that it has obtained the mandatory quarterly certificate from its registrar and share transfer agent, Bigshare Services Private Limited, as required under Regulation 74(5) of the SEB...
Avio Smart Market Stack, Agrosperity in MoU to Expand Digital Agri Ecosystem
Mar 16, 2026
Avio Smart Market Stack Limited has signed a memorandum of understanding with Agrosperity Tech Solutions, operator of the KiVi (Kisan Vikas) “phygital” platform, to strengthen India’s agricultural ecosystem through digital techno...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.