Seshaasai Technologies (STYL) had a P/E of 18.8× on 6 Nov 2026, below the industry P/E of 25.1×, and the shares are 26% below their 52-week high. It earns ROCE of 23% and ROE of 20%, and sales and net profit grew 7.9% and 30% a year over 3 years. It has almost no debt, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹5,189 Cr, ranked 9th of 25 Software (Infrastructure) companies by market cap; the shares fell 14% over the past year.
- ₹314.00
- ₹322.45
- ₹313.15
- ₹320.55
- 38.6K
Health check
- ReturnsBehind
−13.9% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 18.8 vs industry 25.1.
- GrowthSlow
Sales +7.9%, profit +30.5% a year over 3 years.
- ProfitabilityStrong
ROCE 23.2% vs peer median 8.9%.
- Balance sheetSolid
Debt 0.06× equity, interest covered 18.8×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,189 Cr
- Small cap
- P/E
- 18.8
- Industry 25.1
- Price to book
- 3.47
- Peers 5.54
- Dividend yield
- 0.78%
- ROE
- 19.7%
- Peers 9.4%
- ROCE
- 23.2%
- Peers 8.9%
- Debt to equity
- 0.06
- Debt ₹87 Cr
- EPS (TTM)
- ₹17.06
- Face value ₹10
- OPM (TTM)
- 25.8%
- Net margin 17.7%
- Sales growth
- +15.0%
- Latest quarter vs a year ago
- Profit growth
- +21.0%
- Latest quarter vs a year ago
- Price to sales
- 3.33
- EV/EBITDA 12.8
Strengths and risks
Strengths
- Return on equity of 19.7%.
- Return on capital employed of 23.2%.
- Practically debt-free.
- Quarterly profit up 21.0% on a year ago.
- Quarterly sales up 15.0% on a year ago.
About Seshaasai Technologies
Seshaasai Technologies Limited provides payment, communications and fulfilment, and IoT solutions in India. The company offers smart cards comprising banking, smart ID payment, contact-based, multi-utility contactless, transit, prepaid, access and control payment, and NFT token cards; metal and high-tech payment cards; merchant QR solutions; payment form factor products, such as wrist bands, key fobs and chains, watch straps, payment stickers and…
- Headquarters
- Mumbai
- Employees
- 874
- Sector
- Technology
- ISIN
- INE04VU01023
- Website
- seshaasai.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 13.9%
- From 52-week high
- minus 26.1%
Peers · Software - Infrastructure
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JPLJio Platforms | 1,406.40 | minus 0.80% | 12,95,158 | 40.8 | 3.57 | 8.9% | 9.4% | 32.8% | – | – | 0.00% | minus 0.8% |
| PAYTMOne 97 Communications | 1,794.40 | plus 0.72% | 1,14,873 | 136.1 | 6.94 | 3.7% | 5.3% | 8.0% | 1.2% | – | 0.00% | plus 40.5% |
| OFSSOracle Financial Services Software | 10,215.00 | plus 0.64% | 89,010 | 25.0 | 11.57 | 43.2% | 47.4% | 51.6% | 10.4% | 13.5% | 2.64% | plus 21.9% |
| PINELABSPine Labs | 162.45 | plus 0.51% | 18,759 | 116.9 | 3.15 | 3.5% | 3.3% | 17.1% | 21.0% | – | 0.00% | minus 35.3% |
| FRACTALFractal Analytics | 808.85 | minus 0.07% | 14,043 | 38.0 | 4.07 | 10.4% | 13.6% | 16.7% | 18.4% | 12.9% | 0.00% | minus 4.5% |
| E2EE2E Networks | 487.05 | minus 4.97% | 10,007 | 86.8 | 5.54 | −0.5% | 6.9% | 70.9% | 54.8% | – | 0.00% | plus 64.6% |
| MPIMANIPALManipal Payment and Identity Solutions | 312.80 | minus 0.81% | 7,251 | 23.8 | 8.78 | 43.4% | 46.2% | 24.9% | 13.7% | 29.1% | 0.00% | minus 9.4% |
| STYLSeshaasai Technologies | 320.70 | plus 0.05% | 5,189 | 18.8 | 3.47 | 23.2% | 19.7% | 25.8% | 7.9% | 30.5% | 0.78% | minus 13.9% |
| Median of 7 peers | – | −0.07% | 18,759 | 40.8 | 5.54 | 8.9% | 9.4% | 24.9% | 16.1% | 13.5% | 0.00% | −0.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 352 | 374 | 404 | 376 | 405 | |
| 258 | 278 | 286 | 289 | 305 | |
| 94 | 95.6 | 118 | 87.3 | 101 | |
| 26.7% | 25.6% | 29.3% | 23.2% | 24.8% | |
| 1.1 | 5.1 | 6.1 | 7.1 | 5.9 | |
| 7.5 | 2.4 | 2.9 | 1.8 | 1.9 | |
| 11.6 | 11.8 | 9.7 | 10.8 | 10.7 | |
| – | −0.3 | 0 | – | – | |
| 76 | 86.3 | 112 | 81.8 | 94 | |
| 24.3% | 25.9% | 26.8% | 26.3% | 25.8% | |
| 57.6 | 64.1 | 81.8 | 60.2 | 69.7 | |
| 3.85 | 3.96 | 5.06 | 3.73 | 4.25 |
Profit & loss
- Sales CAGR 3Y
- +7.9%
- Profit CAGR 3Y
- +30.5%
- EPS CAGR 3Y
- +32.3%
- ROE
- 19.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,146 | 1,557 | 1,462 | 1,440 | |
| – | +35.9% | minus 6.2% | minus 1.5% | |
| 938 | 1,259 | 1,097 | 1,057 | |
| 208 | 298 | 365 | 383 | |
| 18.1% | 19.1% | 24.9% | 26.6% | |
| −0.2 | 7.4 | 5.4 | 9.1 | |
| 26.8 | 31.6 | 32.3 | 18.4 | |
| 32.3 | 35.8 | 41.2 | 44.2 | |
| −5.5 | −5 | −1.6 | −0.8 | |
| 143 | 233 | 295 | 329 | |
| 24.5% | 27.3% | 24.6% | 27.1% | |
| 108 | 169 | 222 | 240 | |
| – | +56.6% | +31.3% | +8.0% | |
| 6.68 | 10.46 | 15.06 | 15.46 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 88.8 | 148 | 148 | 162 | |
| 201 | 286 | 491 | 1,264 | |
| 312 | 350 | 379 | 83.6 | |
| 180 | 174 | 144 | 157 | |
| 783 | 958 | 1,160 | 1,667 | |
| 279 | 348 | 462 | 566 | |
| 8.7 | 15.6 | 51.2 | 86.6 | |
| 1.3 | 0.6 | 0.1 | 9.6 | |
| 37.8 | 94.5 | 115 | 403 | |
| 456 | 500 | 532 | 601 | |
| 783 | 958 | 1,160 | 1,667 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 50.1 | 200 | 167 | 220 | |
| −71.3 | −111 | −113 | −374 | |
| 38.7 | −31.8 | −34 | 243 | |
| 17.5 | 56.6 | 19.9 | 89.8 | |
| – | −20.4 | – | – | |
| 50.1 | 179 | 167 | 220 | |
| −0.3 | −25.7 | −19 | −17 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 7.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.