Seshaasai Technologies Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,339 Cr
- P/E
- 19.86
- ROE
- 23.57%
- PEG
- 0.65
- Price to sales
- 3.53
- Debt to equity
- 0.06
- 52W high / low
- ₹417 / ₹213
- Sales growth (5Y)
- 31.29%
- EBITDA margin
- 26.62%
- Net profit margin
- 16.92%
- Promoter holding
- 81.80%
- Sales (last year)
- ₹1,506 Cr
Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, communications, and fulfilment services.[1]
Guidance scorecard · Q2 FY27 call
What Seshaasai Tech.'s management guided
and where it ranks in Financial Technology (Fintech)
Financial Technology (Fintech)
RevenueQ1 FY27 call
10–20%- Revenue growth expected at 8% to 12% year-on-year for FY27.
- IoT segment projected to grow ~45% in FY27 and 35-40% in FY28.
- Payment solutions expected to grow at a CAGR of 10-12%.
- Communication and fulfillment segment expected to remain flat.
- Bengaluru facility (metal cards) to commercialize by end of 2026, contributing meaningfully from FY28.
- IoT to contribute approximately 15-18% of total revenue by end FY27.
- Order book steady; growth guided by customer demand visibility.
2 more points from Seshaasai Tech.'s call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Seshaasai Tech. said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Capex for FY27 is planned in the range of INR 140 to 160 crores, aligned with IPO proceeds utilization.
- Investments focus on capacity expansion across all three verticals: payment solutions, communication & fulfillment, and IoT.
- A new greenfield metal card manufacturing facility in Bengaluru is nearing operational readiness, expected to be commissioned by the end of calendar year 2026.
- Capex spent in Q1 FY27 includes INR 6.7 crores on capital expenditure.
- Strategic investments aim to deepen capacity, expand manufacturing capabilities, and support growth in premium metal cards and IoT solutions.
2 more points from Seshaasai Tech.'s call on capex
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FundraisingQ1 FY27 call
See what Seshaasai Tech. said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Seshaasai Technologies currently has a steady order pipeline that aligns with their guidance for the year.
- The business operates on a back-to-back order basis, driven by customer demand.
- Visibility on order book is based on customer indications at present.
- Management commits to sharing updates on the order book and pending orders in future quarters as new orders come in.
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 Financial Technology (Fintech)
on management's own guidance
- Strong growth2
- Strong growth1
- One 97Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Financial Technology (Fintech) companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹3,847 Cr | 86.1 | |
| 2 | 40%+ | Flat | ₹4,826 Cr | 16.3 | |
| 3 | One 97 | 20–40% | Up 2%+ | ₹1.09L Cr | 134.0 |
| 4 | 20–40% | Flat | ₹19,058 Cr | 147.3 | |
| 5 | 20–40% | Flat | ₹7,659 Cr | 26.5 | |
| 6 | 20–40% | Flat | ₹1,808 Cr | 614.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Financial Technology (Fintech) rankingSeshaasai Tech. announcements
All announcements →Financials of Seshaasai Tech.
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Seshaasai Tech.
Shareholding breakup across reporting periods.
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Promoters + | 81.80% | 81.80% | 81.80% | 81.80% | 81.80% |
| FIIs + | 1.24% | 0.69% | 0.33% | 0.29% | 0.21% |
| DIIs + | 5.24% | 7.26% | 7.05% | 7.74% | 8.27% |
| Public + | 11.71% | 10.25% | 10.83% | 10.17% | 9.73% |
| No. of Shareholders | 1,98,290 | 84,906 | 81,803 | 80,072 | 68,460 |
Financials of Seshaasai Tech.
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 360 | 395 | 339 | 369 | 311 | 351 | 374 | 404 | 376 |
| Expenses + | 280 | 291 | 261 | 270 | 240 | 257 | 276 | 284 | 287 |
| Operating Profit | 80 | 104 | 77 | 99 | 71 | 94 | 98 | 120 | 89 |
| OPM % | 22% | 26% | 23% | 27% | 23% | 27% | 26% | 30% | 24% |
| Other Income + | 2 | 2 | 3 | 3 | 2 | 1 | 5 | 6 | 7 |
| Interest | 8 | 9 | 8 | 9 | 8 | 8 | 2 | 3 | 2 |
| Depreciation | 10 | 11 | 11 | 10 | 11 | 12 | 12 | 10 | 11 |
| Profit before tax | 64 | 87 | 62 | 82 | 55 | 76 | 89 | 113 | 83 |
| Tax % | 36% | 25% | 13% | 23% | 33% | 24% | 25% | 27% | 26% |
| Net Profit + | 40 | 65 | 54 | 63 | 37 | 58 | 67 | 83 | 62 |
| EPS in Rs | 2.74 | 4.40 | 3.63 | 4.28 | 2.48 | 3.58 | 4.12 | 5.10 | 3.82 |
Financials of Seshaasai Tech.
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 369 | 673 | 1,146 | 1,558 | 1,462 | 1,441 | 1,506 |
| Expenses + | 326 | 571 | 947 | 1,267 | 1,101 | 1,057 | 1,105 |
| Operating Profit | 43 | 102 | 199 | 292 | 361 | 383 | 401 |
| OPM % | 12% | 15% | 17% | 19% | 25% | 27% | 27% |
| Other Income + | 1 | 4 | 8 | 11 | 9 | 14 | 19 |
| Interest | 16 | 24 | 32 | 34 | 34 | 21 | 15 |
| Depreciation | 13 | 27 | 32 | 36 | 41 | 44 | 44 |
| Profit before tax | 16 | 54 | 142 | 233 | 295 | 333 | 362 |
| Tax % | 31% | 31% | 25% | 27% | 25% | 27% | |
| Net Profit + | 11 | 37 | 107 | 169 | 222 | 244 | 269 |
| EPS in Rs | 0.96 | 3.17 | 9.04 | 11.48 | 15.05 | 15.06 | 16.62 |
| Dividend Payout % | 0% | 0% | 7% | 5% | 53% | 17% |
Financials of Seshaasai Tech.
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 2 | 89 | 148 | 148 | 162 |
| Reserves | 108 | 181 | 201 | 287 | 490 | 1,268 |
| Borrowings + | 142 | 232 | 312 | 350 | 379 | 82 |
| Other Liabilities + | 87 | 154 | 180 | 176 | 144 | 158 |
| Total Liabilities | 340 | 569 | 783 | 960 | 1,160 | 1,670 |
| Fixed Assets + | 127 | 225 | 285 | 351 | 426 | 492 |
| CWIP | 8 | 6 | 0 | 3 | 10 | 57 |
| Investments | 0 | 1 | 1 | 25 | 25 | 50 |
| Other Assets + | 205 | 336 | 497 | 581 | 699 | 1,071 |
| Total Assets | 340 | 569 | 783 | 960 | 1,160 | 1,670 |
Financials of Seshaasai Tech.
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 32 | 58 | 51 | 202 | 165 | 225 |
| Cash from Investing Activity + | -21 | -41 | -72 | -114 | -112 | -380 |
| Cash from Financing Activity + | -10 | -15 | 38 | -32 | -34 | 243 |
| Net Cash Flow | 1 | 2 | 17 | 56 | 19 | 89 |
| Free Cash Flow | 10 | 15 | -24 | 107 | 50 | 61 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 87% | 69% | 43% | 90% | 66% | 81% |
Financials of Seshaasai Tech.
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 102 | 84 | 70 | 52 | 73 | 83 |
| Inventory Days | 97 | 87 | 74 | 63 | 72 | 98 |
| Days Payable | 115 | 103 | 62 | 53 | 42 | 55 |
| Cash Conversion Cycle | 83 | 67 | 82 | 62 | 103 | 126 |
| Working Capital Days | 34 | 7 | 13 | 16 | 37 | 108 |
| ROCE % | 23% | 34% | 39% | 37% | 28% |
Guidance history
How Seshaasai Tech.'s guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
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 | −19.0% | 38% |
| Last 6 months | +27.2% | 79% |
| Last 3 months | −11.7% | 39% |
The price is 27.8% below its all-time high of ₹429.25 (1 Oct 2025). 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 Seshaasai Tech.: 0.4 × 38 + 0.4 × 79 + 0.2 × 39 = 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 28 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 Seshaasai Tech.'s management said in earlier quarters
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