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Sasken Technologies Ltd share Price Today

Company details

1,541.10
1,577.60
849.25
1,834.00
6M Return 20.42%
1Y Return 82.71%
Mkt Cap.(Cr) 2,339.65
Volume 20,355
Div Yield 1.62%
OI
-
OI Chg %
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Volume 20,355

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IT Consulting & Software company Sasken Technologies announced Q2FY24 results:

Financial Performance:
- Sasken Technologies reported positive financial results for Q2FY24, with consolidated revenues of Rs 102.51 crore, representing a 4.1% increase over the previous quarter.
- The company's consolidated EBIT for the quarter was Rs 12.71 crore, with EBIT margins at 12.4%.
- Consolidated PAT for the quarter stood at Rs 18.08 crore, with PAT margins at 17.6%.
-The Board has declared an interim dividend of Rs 12 per equity share for FY24.

Business Highlights:
- Sasken Technologies formed a strategic partnership with Qualcomm Technologies, Inc. through the Qualcomm IoT Accelerator Program, aiming to deliver robust and efficient IoT solutions.
- The company received prestigious awards, including the Exemplar of Inclusion and Top 100 Best Companies for Women in India.
- Sasken Technologies added new logos to its list of esteemed customers and experienced steady growth in the automotive and digital domains.

People:
- As of September 2023, Sasken Technologies had 1,381 employees, with a 17% LTM attrition rate.
- The company has focused on enhancing employee engagement, skill development, and learning opportunities to reduce attrition rates and improve employee experience.
 

 

 

Result PDF

View Other Company Results

Sasken Technologies Ltd shares SWOT Analysis

Strengths (4)

  • Company with No Debt
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Book Value per share Improving for last 2 years

Weakness (8)

  • Negative profit growth, promoters decreasing shareholding QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • Red Flag: Resignation of Top Management

Resistance and support

R1 1,572.5
R2 1,593.3
R3 1,609.0
Pivot

1,556.80

S1 1,536.0
S2 1,520.3
S3 1,499.5
EMA SMA
1,513.4
1,524.1
1,502.4
1,397.0
1,498.1
1,535.4
1,558.4
1,396.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-10-06 1302.18 106970 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-10-06 1302.27 106970 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-10-04 1176.76 142437 NSE
Name Category Shares
PALLAVI BHARAT MEHTA PROMOTER 4.35%
SEJAL PRANABH MODY PROMOTER 2.2%
PRANABH DINESH MODY PROMOTER 1.91%
LEKAR PHARMA LIMITED PROMOTER 4.26%
DINESH MODY VENTURES LLP PROMOTER 0.79%
KUMUD MODY VENTURES LLP PROMOTER 0.79%
SHIRISH MODY ENTERPRISES LLP PROMOTER 0.79%
BHARATI MODY VENTURES LLP PROMOTER 0.77%
ERAGON VENTURES LIMITED (FORMERLY KNOWN AS IFIUNIK PHARMACEUTICALS LIMITED) PROMOTER 0.68%
RAJIV C MODY PROMOTER 10.32%
NAMAN R MODY PROMOTER 6.24%
SAKHEE R MODY PROMOTER 2.63%
BIPIN AMRITLAL TURAKHIA PROMOTER 2.51%
ARTI MODY PROMOTER 2.12%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Sasken Technologies Ltd Stocks COMPARISON

Financials( in Cr) Sasken Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,551.70 3,787.25 1,515.40 1,443.45 490.40
% Change 0.08 -0.38 0.27 -0.17 -1.08
Mcap Cr 2,339.65 1,370,260.38 629,022.39 391,703.97 256,240.77
Revenue TTM Cr 433.91 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 128.25 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 29.73 29.40 24.18 24.96 23.22
1 Year Return 82.71 17.97 17.11 26.89 29.00
ROCE 25.63 62.85 44.74 27.62 17.11
ROE 21.06 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 653.54 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,174.76 13,274.51
LAST 3M 100,774.38 -18,853.99
LAST 6M 177,467.27 -3,043.74
LAST 12M 289,801.20 99,689.80

Sasken Technologies Ltd Information

Stock PE (TTM)
29.73
Promoter Holding
43.25%
Book Value
509.9025
ROCE
25.63%
ROE
21.06%
Description
  • Sasken Communication Technology Limited (SCTL), SEI CMM Level 5 certified embedded communications solutions company, which was incorporated on 13th February 1989 as ASIC Technologies Private Limited in the State of Gujarat. The Company helps businesses across the communications value chain accelerate product development life cycles. Sasken offers a unique combination of research and development consultancy, wireless software products and software services, and works with Network OEMs, Semiconductor Vendors, Terminal Device OEMs and Operators across the world. In addition to being directly involved in the development of a variety of technologies, Sasken is a member of premier technology bodies including ITU, 3GPP, GCF, MPEG-ISO, WiMAX, NFC, DLNA and ATM, DSL & SDR forums. The Company`s name was changed to Silicon Automation Systems (India) Private Limited in October of the year 1992. After a year, in 1993, SCTL had shifted its registered office from the State of Gujarat to the State of Karnataka and also in the same year, the company received the first contract in the telecom space. During the year 1994, Sasken had begun investing in research and development in the telecom space. An ISO 9001:1994 compliant certification was obtained by the company in the year 1996 and in the identical year, SCTL started to participate in standards bodies such as ITU/T. The first licensing deal in the DSL technology space was awarded to the company in the year of 1997. The name of the company was changed from Silicon Automation Systems (India) Private Limited to Silicon Automation Systems Limited in December of the 1998. On 17th October of the year 2000, the company got its present name Sasken Communication Technologies Limited. During the same year of 2000, the company awarded its first licensing deal in the wireless space. An ISO9001: 2000 compliant certification was handed over to the company in period of 2001 and in immediate next year, SCTL assessed at SEI CMM Level 5, awarded the NHRD award for lifetime achievement. Also, the company ranked 14th in the Business Today-Hewitt survey for Best Employers in India during the identical year of 2002. During the year 2003, the company got improved, ranked first in the Business Today-Mercer survey for Best Employers in India, and ranked sixth in the Dataquest and Business World-Great Places to Work surveys. Also in the same year, SCTL had received TL9000 and BS7799 certification. In 2005, the company had entered into capital market by the way of Initial Public Offerings. Sasken acquired iSoftTech Private Limited, Chennai in June 2006 and also acquired 100% stake in Botnia Hightech(Now Sasken Finland) headquartered in Kaustinen, Finland during September of the year 2006, with other offices in Tampere, Oulu and Turku in Finland. In January 2007, Sasken entered into a Joint Venture with Tata Autocomp (A prominent member of Tata Group) known as TACO Sasken Automotive Electronics Pvt Ltd (TSAE). The JV focuses on automotive electronic products in the areas of telematics, infotainment and occupant convenience. SCTL Joined the Near Field Communication (NEC) Forum, a non-profit industry association advancing the use of NFC technology, as an associate member in the year 2007. Nokia had transferred its adaptation software R&D operations in Bochum, Germany to the company in June 2008 and July of the same year, SCTL made its first NFC Software Stack partner agreement with Innovision Research and Technology (UK). During 2014, Sasken Communication Technologies Oy, was merged with its wholly owned subsidiary, viz. Sasken Finland Oy which became effective on April 1, 2014. The Board of Directors at their meeting held on September 14, 2015 considered the Amalgamation of Sasken Network Engineering Limited (SNEL) (Transferor Company) with its Holding Company, Sasken Technologies (Transferee Company), to be effected through a Scheme of Amalgamation with the Appointed Date as April 01, 2015.

Registered Address

No 139/25 Domlur Layout, Ring Road Domlur Post, Bangalore, Karnataka, 560071

Tel : 91-80-66943000
Email : investor:sasken.com ; cosec:sasken.com
Website : http://www.sasken.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532663
NSE Code : SASKEN
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE231F01020

FAQ’s on Sasken Technologies Ltd Shares

You can buy Sasken Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sasken Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 20, 2024 03:56 PM the closing price of Sasken Technologies Ltd was Rs.1,551.70.

The latest PE ratio of Sasken Technologies Ltd as of Jun 20, 2024 03:56 PM is 29.73

The latest PB ratio of Sasken Technologies Ltd as of Jun 20, 2024 03:56 PM is 0.33

The 52-week high of Sasken Technologies Ltd share price is Rs. 1,834.00 while the 52-week low is Rs. 849.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 20, 2024 03:56 PM, the market cap of Sasken Technologies Ltd stood at Rs. 2,339.65.

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