Bartronics India Limited (IN:ASMS)
:ASMS
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Bartronics India Limited
(ASMS)
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Rating:44Neutral
Price Target:
₹7.50
▼(-37.50% Downside)
Action:ReiteratedDate:04/02/26
The score is mainly constrained by weak cash generation and declining revenue, alongside a bearish technical trend with the price below key moving averages and negative MACD. A low-debt balance sheet provides some offset, but valuation support is limited with a high P/E and no dividend yield data.
Positive Factors
Conservative balance sheet
Very low leverage and rising equity/assets provide durable financial flexibility. With minimal debt the company can better absorb cash-flow volatility, support bid bonds or working-capital needs for government projects, and avoid near-term refinancing risk while restructuring operations.
Negative Factors
Weak cash generation
Persistent negative OCF and free cash flow over multiple years creates structural funding risk. Even with low reported debt, ongoing cash burn can force asset sales, equity raises, or tighter working-capital terms, limiting investment in bidding, product development, and long-term contract delivery capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and rising equity/assets provide durable financial flexibility. With minimal debt the company can better absorb cash-flow volatility, support bid bonds or working-capital needs for government projects, and avoid near-term refinancing risk while restructuring operations.
Read all positive factors
Bartronics India Limited (ASMS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.48B
Dividend YieldN/A
Average Volume (3M)15.16K
Price to Earnings (P/E)37.1
Beta (1Y)1.59
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees130
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.08
Shares Outstanding304,576,750
10 Day Avg. Volume18,067
30 Day Avg. Volume15,165
Financial Highlights & Ratios
PEG Ratio12.78
Price to Book (P/B)15.81
Price to Sales (P/S)11.15
P/FCF Ratio-221.34
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 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 bus...
How the Company Makes Money
Bartronics India Limited generates revenue primarily by delivering technology solutions and services to institutional customers (such as government departments and enterprises) under project-based and service-based arrangements. Key revenue stream...
Bartronics India Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
78
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 213.03M | 400.36M | 488.38M | 526.27M | 655.62M |
| Gross Profit | 34.91M | 38.43M | 44.70M | 59.09M | 556.18M |
| EBITDA | 24.43M | 24.55M | 6.81M | 1.60B | 57.71M |
| Net Income | 19.35M | 17.46M | 13.83M | 1.10B | -503.01M |
Balance Sheet | |||||
| Total Assets | 347.30M | 325.55M | 297.39M | 278.04M | 16.19B |
| Cash, Cash Equivalents and Short-Term Investments | 14.27M | 15.78M | 102.81M | 39.43M | 90.70M |
| Total Debt | 1.67M | 1.83M | 0.00 | 0.00 | 12.00B |
| Total Liabilities | 50.40M | 43.05M | 32.34M | 23.96M | 15.52B |
| Stockholders Equity | 296.90M | 282.50M | 265.05M | 254.08M | 664.69M |
Cash Flow | |||||
| Free Cash Flow | -17.36M | -20.17M | -5.25M | -92.95M | 39.77M |
| Operating Cash Flow | -17.11M | -17.38M | -4.81M | -92.93M | 39.83M |
| Investing Cash Flow | 11.14M | -12.79M | 9.56M | 5.87M | 1.22M |
| Financing Cash Flow | -450.00K | 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹4.09B | 17.18 | ― | 13.69% | 4.44% | 21.20% | |
72 Outperform | ₹6.37B | 15.31 | ― | ― | 20.39% | 11.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹4.03B | 19.62 | ― | 0.23% | 71.84% | 138.63% | |
59 Neutral | ₹3.15B | 4.73 | ― | ― | -1.07% | 187.83% | |
55 Neutral | ₹3.16B | 40.24 | ― | ― | -6.88% | ― | |
44 Neutral | ₹2.48B | 37.09 | ― | ― | ― | ― |
* Technology Sector Average
IN:ASMS
Bartronics India Limited
8.15
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-42.44%
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Bartronics India Limited Corporate Events
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...
Bartronics India Taps Agritech Veteran to Lead Expansion into Climate and Carbon Platforms
Feb 9, 2026
Bartronics India Limited has appointed agribusiness expert Dr. Raja Krishna Murthy M as Head of its Agri Tech Business, reinforcing leadership as it scales Project Avio Agritech, an integrated platform focused on agri-commerce, sustainable farming...
Bartronics India Set to Sign Definitive Deal for 51% Stake in Shree Naga Narasimha Pvt Ltd
Jan 23, 2026
Bartronics India Limited has completed due diligence on its proposed acquisition of Shree Naga Narasimha Private Limited and plans to sign definitive agreements to acquire a 51% equity stake, based on a valuation provided by an independent valuer....
Bartronics India, Origo Commodities Sign MoU for Potential AgriTech Restructuring
Jan 19, 2026
Bartronics India Limited has signed a Memorandum of Understanding with Origo Commodities India Private Limited to explore a strategic collaboration in the AgriTech and agri supply-chain ecosystem. The MoU sets out the parties’ intent to eval...
Bartronics India Files SEBI Compliance Certificate for December 2025 Quarter
Jan 15, 2026
Bartronics India Limited has submitted to the stock exchanges a compliance certificate from its Registrar and Share Transfer Agent, Bigshare Services Private Limited, for the quarter ended December 31, 2025, in accordance with Regulation 74(5) of ...
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.