ASM Technologies Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹9,117 Cr
- P/E
- 124.80
- ROE
- 25.47%
- PEG
- 1.42
- Price to sales
- 15.08
- Debt to equity
- 0.42
- 52W high / low
- ₹7,018 / ₹2,140
- Sales growth (5Y)
- 30.92%
- EBITDA margin
- 20.00%
- Net profit margin
- 11.38%
- Promoter holding
- 57.65%
- Sales (last year)
- ₹604 Cr
Guidance scorecard · Q1 FY27 call
What ASM Technologies Ltd's management guided
and where it ranks in IT - Software
IT - Software
RevenueQ2 FY26 call
10–20%- Manufacturing business has strong visibility for the next 18-24 months with ongoing design, engineering, prototyping, and qualification processes supporting sustained momentum.
- New Manufacturing plants expected to start contributing from Q4 FY '26, with CAPEX deployments phased over coming years leading to incremental revenue recognition.
- Services revenue, though lumpy, is expected to grow steadily in upcoming quarters as fixed projects complete and new work ramps up.
- Expansion of Design Led Manufacturing (DLM) capacity with new facilities coming online by end of 2025 and early 2026 will enable significant scaling in manufacturing volumes and revenues.
- Employee count expected to grow proportionately with business scale-up, supporting both manufacturing and ER&D segments.
- Continuous customer diversification across geographies and product lines will aid growth.
2 more points from ASM Technologies Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what ASM Technologies Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- ASM Technologies has announced a substantial CAPEX plan totaling Rs. 760-750 crores over the medium term.
- The investment is planned in three phases over the next 18-24 months, with Rs. 300-500 crores allocated for new manufacturing plants starting by Q4 FY '26.
- Current CAPEX deployment includes Rs. 30-35 crores expected during FY '26, with potential increase depending on land allotment.
- The company is acquiring land and finalizing applications for government incentives (approx. 25% central + 25% state) to support the CAPEX.
- Financing will be a mix of debt, accruals, government incentives, and possibly some equity, with details to be evaluated as phases progress.
2 more points from ASM Technologies Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what ASM Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
- ASM Technologies has visibility of orders for the next 18-24 months, indicating a strong and sustained order book.
- The orders cover both their Design-Led Manufacturing (DLM) and Engineering R&D (ER&D) segments.
- The order pipeline includes continuous qualification processes, with ongoing engagement to qualify newer parts, products, and systems.
- Management highlighted a robust momentum in Manufacturing, with growing business and no signs of one-off large orders; the current run rate is expected to sustain.
2 more points from ASM Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Software companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹569 Cr | 34.7 | |
| 2 | 40%+ | Flat | ₹336 Cr | 7.3 | |
| 3 | CapitalNumbers | 20–40% | Up 2%+ | ₹181 Cr | 9.2 |
| 4 | 20–40% | Up 2%+ | ₹159 Cr | 11.5 | |
| 5 | 20–40% | Up 0–2% | ₹1,826 Cr | 28.5 | |
| 6 | 20–40% | Flat | ₹4,341 Cr | 84.7 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Software rankingASM Technologies Ltd announcements
All announcements →- Fundraise / allotmentNotableASM Technologies allots 10,78,974 equity shares on preferential basis at Rs. 4,875
- Board / shareholder meeting outcomeNotableASM Technologies Limited holds EGM on October 4, 2026, approves two resolutions
- Board / shareholder meeting outcomeNotableASM Technologies issues corrigendum for EGM notice on preferential equity issue
- Fundraise / allotmentNotableASM Technologies calls EGM on Oct 4, 2026 for Rs. 525,99,98,250 preferential share issue
- Fundraise / allotmentNotableASM Technologies board approves preferential issue of up to 10,78,974 equity shares
Financials of ASM Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of ASM Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 52 | 51 | 50 | 56 | 45 | 53 | 57 | 65 | 115 | 123 | 154 | 116 | 135 |
| Expenses + | 50 | 49 | 48 | 55 | 43 | 49 | 51 | 53 | 89 | 97 | 124 | 97 | 110 |
| Operating Profit | 2 | 2 | 2 | 0 | 1 | 4 | 6 | 12 | 25 | 26 | 30 | 19 | 25 |
| OPM % | 4% | 5% | 4% | 1% | 3% | 7% | 11% | 18% | 22% | 21% | 20% | 17% | 18% |
| Other Income + | 2 | 2 | 0 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | -1 | 5 |
| Interest | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 1 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| Profit before tax | -1 | -0 | -3 | -4 | -3 | 1 | 4 | 8 | 22 | 21 | 26 | 13 | 23 |
| Tax % | -131% | -35% | -16% | -82% | 13% | -81% | 40% | 33% | 29% | 27% | 28% | 29% | 28% |
| Net Profit + | 0 | -0 | -3 | -1 | -3 | 3 | 2 | 5 | 15 | 16 | 19 | 9 | 17 |
| EPS in Rs | 0.25 | 0.36 | -1.59 | -0.19 | -11.54 | 2.62 | 2.43 | 4.41 | 12.93 | 11.95 | 13.11 | 6.38 | 11.49 |
Financials of ASM Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 164 | 63 | 81 | 83 | 88 | 92 | 137 | 192 | 220 | 202 | 289 | 529 |
| Expenses + | 147 | 69 | 75 | 80 | 83 | 90 | 120 | 171 | 200 | 196 | 241 | 428 |
| Operating Profit | 17 | -6 | 6 | 2 | 5 | 2 | 17 | 21 | 21 | 6 | 47 | 101 |
| OPM % | 10% | -10% | 8% | 3% | 6% | 3% | 12% | 11% | 9% | 3% | 16% | 19% |
| Other Income + | 0 | 18 | 1 | 2 | 5 | 4 | 3 | 7 | 6 | 5 | 8 | 6 |
| Interest | 5 | 3 | 1 | 0 | 1 | 2 | 3 | 6 | 7 | 10 | 12 | 9 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 3 | 4 | 4 | 9 | 11 | 10 | 14 |
| Profit before tax | 10 | 7 | 4 | 3 | 9 | 2 | 14 | 18 | 11 | -11 | 34 | 84 |
| Tax % | 48% | 16% | 70% | 127% | 22% | 63% | 37% | 22% | 37% | -33% | 27% | 28% |
| Net Profit + | 5 | 6 | 1 | -1 | 7 | 1 | 9 | 14 | 7 | -7 | 25 | 61 |
| EPS in Rs | 4.58 | 5.51 | 1.22 | -0.69 | 6.33 | 1.13 | 7.74 | 13.28 | 8.68 | -3.65 | 22.09 | 41.65 |
| Dividend Payout % | 20% | 64% | 187% | -329% | 43% | 101% | 82% | 58% | 76% | -27% | 14% | 29% |
Financials of ASM Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 10 | 10 | 10 | 12 | 12 | 15 |
| Reserves | 47 | 46 | 48 | 45 | 46 | 45 | 47 | 56 | 61 | 130 | 153 | 292 |
| Borrowings + | 43 | 17 | 1 | 8 | 15 | 23 | 35 | 51 | 74 | 82 | 86 | 128 |
| Other Liabilities + | 23 | 22 | 7 | 11 | 20 | 10 | 24 | 30 | 23 | 15 | 35 | 68 |
| Total Liabilities | 118 | 90 | 61 | 69 | 86 | 83 | 116 | 146 | 169 | 239 | 287 | 503 |
| Fixed Assets + | 57 | 8 | 10 | 11 | 11 | 15 | 16 | 28 | 48 | 49 | 76 | 127 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Investments | 3 | 3 | 15 | 23 | 19 | 13 | 17 | 24 | 27 | 28 | 29 | 88 |
| Other Assets + | 57 | 79 | 36 | 34 | 56 | 55 | 81 | 94 | 93 | 163 | 182 | 288 |
| Total Assets | 118 | 90 | 61 | 69 | 86 | 83 | 116 | 146 | 169 | 239 | 287 | 503 |
Financials of ASM Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 12 | -42 | 28 | 0 | 2 | -8 | 4 | 14 | 20 | -1 | -23 | 68 |
| Cash from Investing Activity + | -1 | 62 | -12 | -4 | -1 | 5 | -9 | -9 | -25 | -66 | 33 | -166 |
| Cash from Financing Activity + | -9 | -17 | -19 | 4 | 2 | 0 | 7 | -6 | 4 | 68 | -9 | 102 |
| Net Cash Flow | 2 | 3 | -3 | 0 | 3 | -3 | 2 | -1 | -1 | 1 | 0 | 4 |
| Free Cash Flow | 9 | -26 | 26 | -3 | -3 | -12 | -2 | 6 | 1 | -3 | -50 | -25 |
| CFO/OP | 69% | 697% | 409% | 195% | 137% | -111% | 42% | 94% | 124% | 84% | -48% | 81% |
Financials of ASM Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 182 | 48 | 86 | 112 | 84 | 133 | 108 | 90 | 94 | 163 | 80 |
| Inventory Days | 72 | 152 | 204 | |||||||||
| Days Payable | 88 | 139 | 82 | |||||||||
| Cash Conversion Cycle | 72 | 182 | 48 | 86 | 112 | 84 | 133 | 108 | 90 | 78 | 176 | 202 |
| Working Capital Days | -12 | 168 | 79 | 39 | 1 | 25 | 37 | 10 | -8 | -5 | 66 | 107 |
| ROCE % | 16% | 13% | 9% | 3% | 13% | 3% | 19% | 22% | 13% | -1% | 19% | 28% |
Momentum score · price trend
93 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +77.5% | 91% |
| Last 6 months | +93.4% | 96% |
| Last 3 months | +33.3% | 92% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For ASM Technologies Ltd: 0.4 × 91 + 0.4 × 96 + 0.2 × 92 = 93.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What ASM Technologies Ltd's management said in earlier quarters
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