Sahana Systems Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹955 Cr
- P/E
- 14.09
- ROE
- 31.68%
- PEG
- 0.12
- Price to sales
- 2.88
- Debt to equity
- 0.07
- 52W high / low
- ₹1,199 / ₹706
- EBITDA margin
- 30.17%
- Net profit margin
- 22.59%
- Promoter holding
- 57.31%
- Sales (last year)
- ₹331 Cr
Incorporated in 2012, Sahana System Ltd is in the business of IT services, Digital Marketing, Software Development, and trading of Computer Hardware[1]
Guidance scorecard · Q2 FY26 call
What Sahana Systems Ltd's management guided
and where it ranks in IT - Services
IT - Services
RevenueQ2 FY26 call
20–40%- Revenue targets are INR210 crores for FY 2026, INR350 crores for FY 2027, and INR500 crores for FY 2028 (consolidated).
- The company projects crossing INR3,000 crores in annual revenue within 5 years across different segments.
- Plans to achieve INR5,000 crores in revenue in around 6 years.
- Growth driven by multiple business verticals: defense (targeting INR1,000-2,000 crores in 5 years), system integration in marine ecosystem (INR500-600 crores), and master system integration for government (INR1,000 crores).
- Current order book secured for next 1-1.5 years, with strong pipeline and over 80% chances of winning significant large-scale projects.
- Future growth supported by recurring business and new marquee projects, especially in defense and government sectors.
2 more points from Sahana Systems Ltd's call on revenue
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MarginsQ2 FY26 call
Up 0–2%See what Sahana Systems Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Current and future capex plans are aligned with project execution and business growth.
- For ongoing projects, existing cash flow is adequate to support current capex needs.
- Large-scale projects in the pipeline (potentially worth around INR 1,000 crores each) might require additional funding.
- The company may opt for bank facilities like overdraft (OD) and cash credit (CC) for cash flow support if large projects are secured earlier than anticipated.
- Decisions will be made based on project achievement.
- Strategic investments include R&D in EV charging station security and IoT-enabled solutions.
2 more points from Sahana Systems Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Sahana Systems Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- Sahana System Limited has confirmed order book visibility for the next 1 to 1.5 years from existing confirmed orders.
- The company is among shortlisted vendors for several large-scale projects worth around INR 1,000 crores each, with a high chance (>80%) of winning.
- Current confirmed orders have been won over the past 6 to 12 months, supporting revenue recognition in the near term.
- The company projects booking around INR 200 crores revenue in FY 2026, INR 650 crores in FY 2027, and around INR 500 crores (standalone) in FY 2028.
- Larger scale projects in the pipeline could push overall order book substantially, with potential order inflows beyond 1.5 years.
2 more points from Sahana Systems 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 - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹28,129 Cr | 107.9 | |
| 2 | 40%+ | Flat | ₹1,612 Cr | 37.6 | |
| 3 | 40%+ | Flat | ₹1,534 Cr | 131.2 | |
| 4 | 40%+ | Flat | ₹571 Cr | 24.8 | |
| 5 | 40%+ | Flat | ₹378 Cr | 26.9 | |
| 6 | 40%+ | Flat | ₹84 Cr | 8.3 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Services rankingSahana Systems Ltd announcements
All announcements →- Acquisition / mergerNotableSahana Defence Limited to acquire 60% stake in Siddhanta Machining Pvt Ltd
Financials of Sahana Systems Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sahana Systems Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Sahana Systems Ltd
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| Sales + | 24 | 69 | 167 | 229 |
| Expenses + | 14 | 46 | 111 | 155 |
| Operating Profit | 10 | 23 | 56 | 74 |
| OPM % | 40% | 34% | 34% | 32% |
| Other Income + | 0 | 0 | 2 | 6 |
| Interest | 1 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 1 | 4 |
| Profit before tax | 9 | 23 | 56 | 74 |
| Tax % | 30% | 21% | 30% | |
| Net Profit + | 6 | 18 | 39 | 53 |
| EPS in Rs | 10.53 | 21.42 | 40.14 | 71.45 |
| Dividend Payout % | 0% | 0% | 0% |
Financials of Sahana Systems Ltd
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 6 | 8 | 9 | 9 |
| Reserves | 5 | 48 | 167 | 193 |
| Borrowings + | 5 | 13 | 12 | 14 |
| Other Liabilities + | 9 | 27 | 60 | 71 |
| Total Liabilities | 24 | 96 | 248 | 287 |
| Fixed Assets + | 0 | 13 | 37 | 51 |
| CWIP | 1 | 14 | 17 | 2 |
| Investments | 0 | 8 | 21 | 18 |
| Other Assets + | 23 | 61 | 173 | 217 |
| Total Assets | 24 | 96 | 248 | 287 |
Financials of Sahana Systems Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Cash from Operating Activity + | 1 | 34 | -48 |
| Cash from Investing Activity + | 0 | -22 | -35 |
| Cash from Financing Activity + | -3 | 13 | 79 |
| Net Cash Flow | -2 | 26 | -4 |
| Free Cash Flow | 1 | 20 | -61 |
| CFO/OP | 37% | 126% | -69% |
Financials of Sahana Systems Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 109 | 106 | 193 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 109 | 106 | 193 |
| Working Capital Days | 144 | -27 | 181 |
| ROCE % | 55% | 42% |
Guidance history
How Sahana Systems Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | Rising |
| Q2 FY25 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
27 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −11.4% | 47% |
| Last 6 months | +6.2% | 62% |
| Last 3 months | −4.2% | 55% |
The price is 45.1% below its all-time high of ₹1,640.5 (13 Dec 2024). Stocks more than 20% below their peak have their score halved, so 55 became 27.
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 Sahana Systems Ltd: 0.4 × 47 + 0.4 × 62 + 0.2 × 55 = 55, halved to 27 because the price is more than 20% below its all-time high.
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 Sahana Systems Ltd's management said in earlier quarters
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