Sasken Technologies Ltd

Sasken Technologies Ltd

₹ 1,465 0.41%
07 Oct 1:52 p.m.
About

Established in 1989, Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc.
Located in India, the company has presence all over the world

Key Points

Services Offered
The company helps its clients in digitalization, modernization and also launching of industrial products through Product Engineering. The services offered by the company are in the below mentioned verticals -
a) Semiconductor: The company offers its customers the ability to integrate third-party solutions and perform extensive testing of the final product to ensure a zero-defect launch. [1]
b) Consumer Electronics: Product offerings include Smart TV, Smart Speakers, Smart Home Appliances, and Mobile Phones. Sasken is helping customers in the Consumer Electronics industry to build next-gen devices equipped with cloud-based analytics along with low power tech such as sensors, connectivity and tracking solutions. [2]
c) Automotive: Sasken helps several leading OEMs & Tier-1s with business solutions in the IVI, Telematics, and ADAS areas. It enables Automotive OEMs and Tier-1s to address challenges like increasing complexity, time-to-market, cost pressure, rising demand for more multimedia and connectivity capabilities, active and autonomous safety. [3]
d) Enterprise Devices: The company offers hardware and software development, device and platform testing, mobility solutions and Android services. [4]
e) SatCom: One of the few companies in the world to develop and maintain end-to-end satellite phones. [5]
f) Telecom: The company has more than 30 years of expertise in telecommunications with 3GPP technology experience in 2G/3G/4G/5G. [6]
g) Transportation: Sasken has proven expertise with cloud and open API enablement for intelligent transportation platforms. Its expertise in Azure and AWS has helped it to enable 30% cost savings with cloud infrastructure usage for a European Public Transport ISV. [7]
h) Industrials: Sasken’s expertise in ‘Chip to Cognition’ technologies has enabled multiple solution accelerators, which address overall IIoT enablement needs of Industrial products and manufacturing plants. [8]

  • Market Cap 2,213 Cr.
  • Current Price 1,465
  • High / Low 1,955 / 1,085
  • Stock P/E 29.3
  • Book Value 512
  • Dividend Yield 1.71 %
  • ROCE 12.7 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 37.5%

Cons

  • The company has delivered a poor sales growth of -4.20% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.79.0 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
98 99 94 94 86 90 88 86 82 85 81 86 101
68 66 66 69 65 77 79 75 76 76 75 87 98
Operating Profit 30 34 28 25 21 13 10 11 6 10 6 -1 3
OPM % 31% 34% 30% 26% 25% 15% 11% 13% 8% 11% 7% -2% 3%
15 15 8 8 -6 21 22 28 21 19 21 23 16
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 2 2 1 1 1 1 2 2 2 2 2 2
Profit before tax 43 47 34 32 13 33 30 37 26 27 25 20 16
Tax % 17% 17% 20% 19% 27% 15% 13% 9% 10% 15% 15% 18% 9%
36 39 28 26 10 28 27 34 24 23 21 17 15
EPS in Rs 23.89 25.91 18.35 17.10 6.48 18.45 17.63 22.65 15.63 15.31 13.92 11.04 9.84
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
363 354 347 402 390 421 415 417 392 386 351 335 353
333 319 324 371 355 369 346 330 270 269 296 314 336
Operating Profit 30 35 23 31 35 52 68 87 122 117 55 20 17
OPM % 8% 10% 7% 8% 9% 12% 16% 21% 31% 30% 16% 6% 5%
22 49 242 265 58 49 53 39 13 45 65 84 79
Interest 0 0 0 0 0 0 0 1 0 0 0 0 1
Depreciation 12 10 10 6 6 6 6 10 9 6 6 6 7
Profit before tax 41 74 254 290 87 95 115 116 126 156 114 98 88
Tax % 11% 22% 37% 28% 11% 13% 18% 29% 27% 18% 14% 14%
36 58 159 209 78 83 94 82 93 128 98 84 75
EPS in Rs 17.13 27.23 74.39 117.91 45.45 48.51 54.97 54.69 61.53 85.24 65.21 55.82 50.11
Dividend Payout % 41% 118% 36% 27% 15% 21% 23% 101% 41% 29% 38% 45%
Compounded Sales Growth
10 Years: -1%
5 Years: -4%
3 Years: -5%
TTM: 2%
Compounded Profit Growth
10 Years: 2%
5 Years: -3%
3 Years: -8%
TTM: -33%
Stock Price CAGR
10 Years: 18%
5 Years: 20%
3 Years: 3%
1 Year: 9%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 15%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 21 21 21 18 17 17 17 15 15 15 15 15
Reserves 349 331 425 481 544 600 685 464 554 642 703 757
0 0 0 0 0 0 0 3 0 0 3 3
67 77 98 129 91 95 81 128 91 107 88 108
Total Liabilities 436 430 545 628 652 712 783 611 659 763 810 884
54 49 41 39 37 35 37 42 33 32 36 33
CWIP 0 0 0 0 0 0 1 0 0 0 0 0
Investments 185 163 223 387 407 487 534 358 433 559 602 685
197 218 280 202 208 190 211 211 193 172 172 166
Total Assets 436 430 545 628 652 712 783 611 659 763 810 884

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
36 22 182 246 8 57 19 107 97 102 31 44
51 46 -118 -78 26 -37 -12 184 -84 -56 2 -0
-83 -70 -65 -171 -31 -18 -18 -284 -17 -41 -38 -39
Net Cash Flow 3 -1 -1 -3 3 2 -10 7 -5 5 -5 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 74 64 73 65 62 65 72 55 67 63 56
Inventory Days
Days Payable
Cash Conversion Cycle 64 74 64 73 65 62 65 72 55 67 63 56
Working Capital Days 36 38 2 -7 30 15 60 8 20 9 27 -11
ROCE % 10% 24% 9% 11% 11% 16% 17% 19% 27% 25% 16% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
43.01% 43.04% 43.05% 43.13% 43.38% 43.38% 43.38% 43.38% 43.38% 43.44% 43.25% 43.25%
20.75% 18.86% 18.98% 18.96% 18.81% 18.61% 18.61% 18.55% 18.62% 18.52% 18.37% 18.38%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.33% 1.09% 1.10% 1.21%
0.00% 0.00% 0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
36.15% 38.01% 37.88% 37.82% 37.67% 37.85% 37.94% 38.02% 37.61% 36.89% 37.23% 37.11%
0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 26,82928,15630,20830,75730,09629,47728,94428,33628,37727,05726,12825,043

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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