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Sasken Technologies Limited (532663) Fair Value & Analysis

Technology · IN · Market cap ₹10.9B

ST Sasken Technologies Limited 532663 · BSE
Price₹1,916
Fair Value₹385.10
Upside-79.9%
Quality61/100
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Expensive Growth
Solidly profitable · 18.7% net margin
3.84% dividend yield
Mixed vs. peers (7/12)
Wide moat 65/100
Evidence: High Range ₹329.43 – ₹385.10 Share as image

Fair value as of: Aug 18, 2026

From 15 valuation models · updated today

Share price +2.0% over the past month.

A solid business, but screening 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹385.10). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹2,634 ₹662.82 Fair Value ₹385.10 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹662.82 – ₹2,634 · fair‑value band ₹329.43 – ₹385.10 · the ₹1,916 price screens above the ₹385.10 fair value. Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

Sasken Technologies Limited (532663) currently trades at ₹1,916, while our model-based Fair Value estimate is ₹385.10, implying the stock looks roughly 79.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Sasken Technologies Limited generated revenue of ₹4.5B at a net margin of 18.7%. Revenue declined 14.7% year over year. It earns a return on equity of 13.4%. The stock trades on a trailing P/E of 11.6 (as of Aug 18, 2026). Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹329.43 (bear case) to ₹385.10 (bull case); at ₹1,916, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 94% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -29% fair-value upside, at -80%, 532663 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹57.83 to ₹734.98). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹421.16 ₹441.15 ₹458.33 76
Gordon GGM ₹230.17 ₹285.12 ₹342.93 70
Growth-Adj P/E ₹388.58 ₹555.11 ₹721.65 68
All 15 models by family
DCF Models
Owner Earnings ₹385.16 ₹513.23 ₹764.65 31
Earnings-Based
Graham-Dodd ₹227.18 ₹380.23 ₹462.38 54
EPV ₹52.61 ₹57.83 ₹62.40 59
Dividend Discount
Gordon GGM ₹230.17 ₹285.12 ₹342.93 70
DDM Multi-Stage ₹230.17 ₹308.78 ₹405.82 61
Multiples
P/E Multiple ₹551.24 ₹734.98 ₹918.73 63
P/S Multiple ₹329.43 ₹439.24 ₹549.05 58
P/B Multiple ₹425.96 ₹567.94 ₹709.93 55
EV/EBIT ₹110.07 ₹139.67 ₹169.26 53
EV/EBITDA ₹163.98 ₹211.54 ₹259.10 54
EV/Revenue ₹81.14 ₹106.79 ₹132.43 43
Asset-Based
NCAV (Graham) ₹261.66 ₹350.63 ₹523.32 50
Economic Profit
Residual Income ₹421.16 ₹441.15 ₹458.33 76
ROIC Compounder ₹52.61 ₹57.83 ₹62.40 67
Growth Earnings
Growth-Adj P/E ₹388.58 ₹555.11 ₹721.65 68

Widest divergence: Growth Earnings (₹555.11) versus Earnings-Based (₹57.83). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹4.5B
Revenue growth (YoY) -14.7%
Net margin 18.7%
Return on equity 13.4%
P/E ratio 11.6 as of Aug 18, 2026
Operating margin 20.8%
More key figures
EPS (TTM) ₹55.51
Dividend yield 3.8%
EPS growth (YoY) +16.2%

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 56 · Market factors (momentum, volatility) 57

Profitability 51
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sasken Technologies Limited provides product engineering and digital transformation services worldwide. Its services include test automation, consultancy, test specifications, product testing, and application testing; and platform development and sustenance, mobility, data analytics, Internet of Things, and blockchain services to digital solutions.

Full company description

Sasken Technologies Limited provides product engineering and digital transformation services worldwide. Its services include test automation, consultancy, test specifications, product testing, and application testing; and platform development and sustenance, mobility, data analytics, Internet of Things, and blockchain services to digital solutions. The company offers IC and hardware designs, platform and application software, modem software development services for semiconductor industry; hardware design and development, embedded software development, application development, android security management services, and device and platform testing solutions for smart devices and wearables; and connected infotainment, autonomous, ADAS, V2X, telematics, mobility, analytics, and cloud services for automotive industry. It also provides hardware design and development, middleware development, bearers/protocol stack porting, optimization, android security management services, device and platform testing, and mobility solutions for enterprise grade devices; heavy machinery, industrial products, smart building and home automation services, and industry 4.0 solutions for industrial automation and control services; and terminal design and development, embedded software development, access network enhancement, maintenance, IP, and application development solutions for satellite communication industry. In addition, it offers services for transportation industry. The company was formerly known as Sasken Communication Technologies Limited and changed its name to Sasken Technologies Limited in February 2017. Sasken Technologies Limited was founded in 1989 and is headquartered in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sasken Technologies Limited reported revenue of ₹5.5B in FY2025 versus ₹4.4B in FY2021, a compound +5.5%/yr. Reported net income was ₹503M in FY2025, compounding −18.6%/yr from FY2021.

Growth Quality 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹5.5B
Latest YoY
+35.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.3%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.7%
Revenue +5.5%/yr
FY21 ₹4.4B
FY22 ₹4.3B
FY23 ₹4.5B
FY24 ₹4.1B
FY25 ₹5.5B
Net income −18.6%/yr
FY21 ₹1.1B
FY22 ₹1.3B
FY23 ₹995M
FY24 ₹787M
FY25 ₹503M

532663 screens 80% overvalued. Compare with Tanla Platforms Limited →

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Cite: Fair Value Calculator (2026). "Sasken Technologies Limited Fair Value". https://www.fairvalue-calculator.com/stock/532663

Peer Group

Consumer Discretionary · 3608 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Technical & System Software” was too small, so the broader sector is used.)

Quality Score 61 · Above median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 3.8% · Above median

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

P/E (TTM) 11.6× · Cheaper than median
P/B 1.39× · Pricier than median
P/S (TTM) 2.42× · Pricier than 75% of peers
EV/EBITDA 10.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 0 · sector 14
PAST 54 · sector 21
HEALTH 0 · sector 96
DIVIDEND 77 · sector 48

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Technical & System Software stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Tanla Platforms Limited 532790 ₹572.85 ₹633.94 +11%
Vama Industries Limited 512175 ₹4.69 ₹0.9400 -80%
PCS Technology Limited 517119 ₹19.78 ₹14.04 -29%
B2B Software Technologies Limited 531268 ₹25.46 ₹36.93 +45%
Cressanda Solutions Limited 512379 ₹2.13 ₹1.05 -51%
Cybermate Infotek Limited 532271 ₹1.48 ₹1.81 +22%
Svam Software Limited 523722 ₹6.38 ₹1.75 -73%
Samsung Electronics Co 005930 255,500 KRW 163,160 KRW -36%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
MediaTek Inc 2454 4,015 TWD 1,559 TWD -61%

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Frequently asked questions

Is Sasken Technologies Limited (532663) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹385.10 versus a price of ₹1,916, about −80% (overvalued).
What is the fair value of 532663?
Our model-based fair value for Sasken Technologies Limited is ₹385.10 (as of Aug 18, 2026), built from audited fundamentals. The current price is ₹1,916.
What is the quality score of 532663?
Sasken Technologies Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sasken Technologies Limited (532663)?
Sasken Technologies Limited reported trailing-twelve-month revenue of about ₹4.5B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 532663?
The net profit margin of Sasken Technologies Limited is about 18.7%, meaning it keeps roughly 18.7% of revenue as net income. Based on the latest reported figures.
Does Sasken Technologies Limited pay a dividend?
Sasken Technologies Limited currently shows a dividend yield of about 3.84% relative to its recent price (as of Aug 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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