Sasken Technologies Ltd (SASKEN) AI Stock Analysis

• Market Cap: ₹16.93B
• Dividend Yield: 1.83%
• Average Volume (3M): 1.02K
• Price to Earnings (P/E): 74.4
• Beta (1Y): 0.93
• Revenue Growth: 77.13%
• EPS Growth: -39.91%
• Country: IN
• Employees: 1,894
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 5.12
• Shares Outstanding: 15,186,471
• 10 Day Avg. Volume: 1,308
• 30 Day Avg. Volume: 1,019
• PEG Ratio: -1.30
• Price to Book (P/B): 3.01
• Price to Sales (P/S): 4.30
• P/FCF Ratio: -35.31
• 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: 64 Neutral
• Price Target: ₹1,193.00 ▼(-20.53% Downside)
• Action: Reiterated Date: 12/25/25
• Date: Action: Reiterated 12/25/25

The score is primarily supported by profitability resilience and a strong, low-leverage balance sheet, but is held back by declining revenue and negative recent free cash flow. Technically, elevated RSI/Stoch and negative MACD add caution, while a high P/E with modest yield further constrains the valuation outlook.

Positive Factors

Balance sheet strength

Low leverage and a high equity ratio give Sasken durable financial flexibility: ability to fund R&D, absorb cyclical downturns, and pursue strategic investments or partnerships without relying heavily on debt, supporting long-term operational stability.

Margin resilience

Sustained gross and EBIT margins indicate effective cost controls and pricing power in specialized engineering services. Margin resilience supports cash generation and reinvestment capacity, helping the company sustain operations even if top-line growth is uneven.

Specialized engineering business model

An end-to-end engineering and digital transformation model focused on telecom and technology creates high technical barriers to entry, long product lifecycles, and sticky client relationships. This specialization supports repeat business and premium billing over time.

Negative Factors

Revenue decline

A multi-year revenue decline reduces scale and can erode competitiveness: it pressures utilization, weakens bargaining power with clients, and complicates capacity planning. If sustained, it limits ability to invest in new capabilities and grow margins.

Negative recent free cash flow

Negative free cash flow in the latest year undermines internal funding for capex, R&D, and working capital. Persistent FCF shortfalls force reliance on external financing or equity, reducing financial optionality and potentially constraining strategic initiatives.

Vertical/client concentration risk

Concentration in telecom and a limited vertical mix exposes Sasken to sector cyclicality, client-specific demand swings, and regulatory shifts. High customer concentration increases revenue volatility and gives large clients outsized negotiating leverage.

Sasken Technologies Ltd Business Overview & Revenue Model

Company Description

Sasken Technologies Limited provides product engineering and digital transformation services worldwide. Its services include hardware design, platform and application software, modem software, embedded software, application development, body electronics and autosar, cockpit, telematics, V2X, smart mobility, device and platform testing, and android services. The company also offers connected manufacturing, machine tools, off-highway machines, enterprise devices, android security management, terminal design and development, access network, application development, maintenance, and IP management services. In addition, the company provides radio access network, modem software development, and transportation services. Further, the company provides analytics, blockchain, devops, digital testing, and internet of things services. Sasken Technologies Limited was incorporated in 1989 and is headquartered in Bengaluru, India.

How the Company Makes Money

Sasken generates revenue primarily through its technology services and solutions, which are offered on a project basis or as long-term contracts. The company's key revenue streams include software development services, product engineering, and consulting services, catering to a diverse clientele across various sectors. Additionally, Sasken may engage in partnerships with leading technology firms and OEMs (Original Equipment Manufacturers), which can enhance its service offerings and expand its market reach. The company also invests in research and development to create proprietary solutions, which can lead to additional revenue opportunities through licensing or direct sales.

Sasken Technologies Ltd Financial Statement Overview

Summary

Mixed fundamentals: strong gross/EBIT margins and a robust, low-leverage balance sheet support the score, but multi-year revenue decline and negative latest-year free cash flow meaningfully reduce it.

Income Statement

Sasken Technologies Ltd has demonstrated an inconsistent revenue trajectory with recent declines but has maintained strong gross profit and EBIT margins. The revenue declined from 2020 to 2025, with a notable dip in 2024. Despite this, the company has maintained a solid gross profit margin, indicating efficient cost management. The net profit margin dropped significantly from prior years, suggesting pressures on profitability.

Balance Sheet

The company exhibits a robust balance sheet with low leverage and a high equity ratio, reflecting financial stability. The debt-to-equity ratio is low, indicating limited reliance on debt. The return on equity has shown variability but remains healthy, demonstrating effective use of shareholder capital.

Cash Flow

Cash flow analysis reveals challenges with negative free cash flow in the latest year, contrasting with positive figures in prior periods. The operating cash flow to net income ratio highlights some inconsistencies in cash generation relative to earnings, which could pose risks if not addressed.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.01B	5.51B	4.06B	4.47B	4.34B	4.45B
Gross Profit	1.20B	678.35M	899.33M	1.61B	1.48B	1.80B
EBITDA	783.50M	229.11M	1.02B	1.31B	1.64B	1.60B
Net Income	415.77M	502.83M	787.17M	994.72M	1.28B	1.15B
Balance Sheet
Total Assets	0.00	9.58B	9.26B	8.23B	7.71B	6.69B
Cash, Cash Equivalents and Short-Term Investments	2.36B	2.35B	745.28M	959.68M	569.52M	1.21B
Total Debt	0.00	255.82M	79.97M	33.27M	2.56M	0.00
Total Liabilities	-8.03B	1.55B	1.41B	1.04B	1.18B	1.04B
Stockholders Equity	8.03B	7.88B	7.69B	7.19B	6.54B	5.65B
Cash Flow
Free Cash Flow	0.00	-670.94M	516.61M	637.54M	1.01B	1.17B
Operating Cash Flow	0.00	-571.59M	593.56M	714.93M	1.07B	1.19B
Investing Cash Flow	0.00	834.92M	70.95M	-271.17M	-691.37M	-966.18M
Financing Cash Flow	0.00	-464.38M	-394.14M	-370.72M	-392.14M	-169.67M

Sasken Technologies Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1501.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SASKEN, the sentiment is Negative. The current price of 1501.2 is above the 20-day moving average (MA) of 1227.07, above the 50-day MA of 1315.49, and above the 200-day MA of 1387.24, indicating a bearish trend. The MACD of -45.51 indicates Positive momentum. The RSI at 31.77 is Neutral, neither overbought nor oversold. The STOCH value of 8.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SASKEN.

Sasken Technologies Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAKSOFT	68 Neutral	₹18.03B	21.87	―	0.42%	21.17%	27.66%
SASKEN	64 Neutral	₹16.93B	74.37	―	1.83%	77.13%	-39.91%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IKIO	54 Neutral	₹10.37B	38.21	―	0.55%	11.73%	-64.05%
NIITLTD	54 Neutral	₹8.99B	78.58	―	1.07%	12.25%	-28.69%
NELCO	53 Neutral	₹13.75B	-349.69	―	0.13%	-7.50%	-79.50%
RAMCOSYS	53 Neutral	₹16.23B	163.07	―	―	20.41%	―

Sasken Technologies Ltd Corporate Events

Sasken Faces NSE, BSE Fine Over Alleged Governance Lapse, Seeks Waiver

Sasken Technologies has disclosed that both BSE and the National Stock Exchange have imposed a combined fine of Rs. 2.68 lakh plus GST for alleged non-compliance with Regulation 17(1) and 20(2)/(2A) of the SEBI Listing Regulations. The exchanges cited lapses related to board composition and the Stakeholders Relationship Committee, although Sasken maintains its governance structures have remained compliant during the relevant period.

The company stated that the financial impact is limited to the quantum of the penalties and will not affect its operations. Sasken has already applied for a waiver of these fines for the period up to 30 September 2025, signaling its intent to contest the exchanges’ view of non-compliance while underscoring its commitment to align with SEBI’s corporate governance norms.

Sasken Board Clears Q3 FY26 Results, Publishes Consolidated Financials

Sasken Technologies Limited has announced that its board has approved and taken on record the standalone and consolidated audited financial results for the quarter and nine months ended December 31, 2025, following a board meeting held on February 6, 2026. Alongside the results, the company released auditor’s reports, a media release and an analyst communication on business performance, and confirmed that consolidated results—covering a broad set of domestic and international subsidiaries including newly added Borqs entities—will be published in extract form in newspapers and in full on the company’s and stock exchanges’ websites, ensuring transparent disclosure for investors and other stakeholders.

Sasken Shareholders Clear Appointment of Meeta Malhotra as Independent Director via Postal Ballot

Sasken Technologies Limited has announced that its shareholders have approved, by special resolution through a remote e-voting postal ballot process, the appointment of Ms. Meeta Malhotra as a Non-Executive Independent Director for a five-year term commencing October 22, 2025. The resolution, conducted in compliance with the Companies Act, SEBI listing regulations, and recent Ministry of Corporate Affairs circulars, was passed with the requisite majority as of the e-voting end date of January 6, 2026, reinforcing Sasken’s board composition and corporate governance framework.

Sasken Shareholders Clear Five-Year Independent Director Appointment via Postal Ballot

Sasken Technologies has secured shareholder approval via a special resolution passed through a remote e-voting postal ballot to appoint Ms. Meeta Malhotra as a Non-Executive Independent Director for a five-year term starting October 22, 2025. The resolution, deemed approved on January 6, 2026, underscores the company’s adherence to regulatory requirements under the Companies Act and SEBI listing regulations, and signals a move to further strengthen its board governance structure, with detailed voting results and the scrutinizer’s report made available on its website for stakeholder transparency.

Sasken Attributes Share Price Surge to Market Forces, Confirms Compliance With Disclosure Norms

Sasken Technologies has told the National Stock Exchange of India that it has complied with all disclosure requirements under SEBI’s Listing Regulations and has no undisclosed events or information that would affect its operations or performance. In response to a query on the sharp rise in its share price, the company attributed the movement to market conditions, noted that its trading window has been closed since December 16, 2025 due to the upcoming quarterly results, and reiterated its commitment to make all required disclosures that could impact the price or volume of its shares.