STYL

Seshaasai Technologies share price & financials

Price
₹399.95
Market cap
₹5.6k Cr
Sector
Financial Services
Calls analysed
4
Latest concall · Q1 FY27 · call held 24 Jul 2026

Seshaasai Technologies Limited Q1 FY27

Revenue from Operations ₹377 cr +21%EBITDA ₹94 cr EBITDA Margin 25.1% PAT ₹60 cr +64%

What went well

  • Revenue of INR 377 crores, up 21.1% YoY, reflecting strength of diversified business model.
  • EBITDA margin at 25.1%, an increase of 135 bps YoY, supported by disciplined cost management.
  • PAT of INR 60 crores, registering a growth of 63.8% YoY, with margin at 16% (up 418 bps YoY).

What to watch

  • Gross margin moderated to 41.7% in Q1 FY27 from 44.5% in Q1 FY26, due to material cost mix and rising geopolitical issues.
  • Operating environment impacted by geopolitical uncertainties, currency fluctuations, and cost pressures.
Read the full call →

What Seshaasai Technologies Limited does

Seshaasai Technologies designs and manufactures physical and digital payment instruments — including metal, biometric, and standard payment cards, wearables and stickers — for banks, fintechs, and payment schemes. Its Communication & Fulfilment Solutions (CFS) business produces and dispatches high-volume, personalised BFSI output such as bank statements, passbooks, insurance policies and ID cards through an end-to-end order-intake, manufacturing, and delivery system. Its IoT Solutions business makes RFID tags, data loggers, automation hardware and SIM/eSIM components, and the company also personalises SIM cards. Revenue is earned by manufacturing and personalising these products at scale under long-standing, recurring wallet-share contracts with banks, insurers, fintechs, and other enterprises.

Segments

  • Payment Solutions
  • Communication & Fulfilment Solutions (CFS)
  • IoT Solutions
Manufacturing units
24
Manufacturing locations
7 locations across 6 states, Pan-India
R&D labs
2
Total customers
1,144 (as of March 31, 2026)
Banks served
66+
PSU banks served
10 of 12
Founded 1993Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 5 delivered 2 missed 11 open
  • H2 FY26 Revenue Performance delivered said Q2 FY26 Promised: We expect H2 FY26 to be better, supported by seasonal pickup in BFSI volumes... Q1 FY27: Promise achieved in prior quarters. No new updates.
  • Payment Business YoY Growth missed said Q2 FY26 Promised: So probably the H2 this year on a Y-o-Y basis, we probably should be a tad better than last year. Q1 FY27: Promise missed in prior quarters. No new updates.
  • Gross Margins at risk said Q3 FY26 Promised: On the overall outlook, we are confident to maintain on a similar range from 43% to 45% gross margins. Q1 FY27: At risk. Q1 FY27 gross margin was 41.7%, below the guided range of 43-45%, due to input cost pressures. Management expects recovery in H2.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 20.9%, net profit up 67.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue395 339 369 311 351 −11%374 +10%404 +9%376 +21%
EBITDA104 77 99 71 94 −10%98 +27%120 +21%89 +25%
Net profit65 54 63 37 58 −11%67 +24%83 +32%62 +68%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −5.8% 1Y

₹200₹250₹300₹350₹400Sept 25Nov 25Dec 25Feb 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 19 May 2026Q1 FY27 — 24 Jul 2026

1Y: ₹411.45 on 30 Sept 2025 → ₹387.4. High ₹429.25 (1 Oct 2025), low ₹213.13 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−3.9%
24 Jul
Q4 FY26
+1.9%
19 May
Q3 FY26
+0.3%
30 Jan
Q2 FY26
−2.1%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 1.6% a year over 1 year, FY25 to FY26. Operating margin widened to 26.6%.

Year endingFY25FY26
Revenue₹1.5k Cr₹1.4k Cr
Operating profit₹360 Cr₹383 Cr
Operating margin24.6%26.6%
Interest₹34 Cr₹21 Cr
Depreciation₹42 Cr₹45 Cr
Net profit₹222 Cr₹245 Cr
Net margin15.2%17.0%
Cash from operations₹165 Cr₹225 Cr
Free cash flow₹50 Cr₹61 Cr
ROCE37.0%28.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹3 Cr₹2 Cr₹89 Cr₹148 Cr₹162 Cr₹162 Cr
Reserves₹108 Cr₹181 Cr₹201 Cr₹287 Cr₹1.1k Cr₹1.3k Cr
Borrowings₹142 Cr₹232 Cr₹312 Cr₹350 Cr₹338 Cr₹82 Cr
Other liabilities₹87 Cr₹154 Cr₹180 Cr₹176 Cr₹200 Cr₹158 Cr
Total liabilities₹340 Cr₹569 Cr₹783 Cr₹960 Cr₹1.8k Cr₹1.7k Cr
Fixed assets₹127 Cr₹225 Cr₹285 Cr₹351 Cr₹484 Cr₹499 Cr
Capital work in progress₹8 Cr₹6 Cr₹0 Cr₹3 Cr₹19 Cr₹50 Cr
Investments₹0 Cr₹1 Cr₹1 Cr₹25 Cr₹2 Cr₹50 Cr
Other assets₹205 Cr₹336 Cr₹497 Cr₹581 Cr₹1.3k Cr₹1.1k Cr
Total assets₹340 Cr₹569 Cr₹783 Cr₹960 Cr₹1.8k Cr₹1.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Sep 2025, DIIs added +2.50 pp while the public trimmed −1.54 pp. The shareholder count shrank 60% to 80,072.

Promoters
81.8%
FIIs
0.3%
DIIs
7.7%
Public
10.2%

Since Sep 2025

  • DIIs +2.50 pp
  • Public −1.54 pp
  • FIIs −0.95 pp

How it drifted, 4 quarters

Over this window DIIs went from 5.2% to 7.7% — +2.5 pp.

Sep '25Dec '25Jun '26

Ownership split by quarter, oldest first. Sep '25: Promoters 81.8%, FIIs 1.2%, DIIs 5.2%, Public 11.7%.Dec '25: Promoters 81.8%, FIIs 0.7%, DIIs 7.3%, Public 10.3%.Mar '26: Promoters 81.8%, FIIs 0.3%, DIIs 7.0%, Public 10.8%.Jun '26: Promoters 81.8%, FIIs 0.3%, DIIs 7.7%, Public 10.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Seshaasai Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Pragnyat Pravin Lalwani 40.90%unchanged
Gautam Sampatraj Jain 40.90%unchanged
Florintree Nextech Llp 4.07%unchanged
Franklin India Multi Cap Fund Mutual fund1.25%newly disclosed
Tata AIG General Insurance Company Limited Insurer1.21%unchanged
UTI Small Cap Fund Mutual fund1.07%unchanged
Parag Parikh ELSS Tax Saver Fund Mutual fund1.07%newly disclosed
Qupod Technovations Private Limited 0.00%unchanged
Gayatri Ashram Trust (Charitable Trust) 0.00%unchanged
Seshaasai Datagenie Private Limited 0.00%unchanged
Srichakra Infratech Private Limited 0.00%unchanged
Srichakra Transtech Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in STYL

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹41 Cr
1 schemes
Biggest holder
Nippon India Banking & Financial Services Fund
₹41 Cr · 0.5% of that fund
SchemeHoldingLast month
Nippon India Banking & Financial Services Fund Nippon India Mutual Fund₹41 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
-2%
vs est. average cost
Held by funds
₹41 Cr
1 schemes · ≈ 0.77% of the company

Shares held by these funds +8%

Sep '25 10.74 L shares Jul '26

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Seshaasai Technologies Limited

Guides on how to read this kind of business and the numbers that matter.