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SESHAASAI TECHNOLOGIES L (STYL) Fair Value & Analysis

Technology · IN · Market cap ₹52.7B

ST SESHAASAI TECHNOLOGIES L STYL · NSE
Price₹398.30
Fair Value₹281.12
Upside-29.4%
Quality63/100
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Mixed Growth
Solidly profitable · 16.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Wide moat 84/100
Evidence: High Range ₹176.92 – ₹409.32 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 4 days ago

Share price −0.4% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹176.92 to ₹409.32) leaves room in how you read the outcome.
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Price vs Fair Value (11 months)

₹429.25 ₹213.13 Fair Value ₹281.12 Sep 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

11‑month range ₹213.13 – ₹429.25 · fair‑value band ₹176.92 – ₹409.32 · the ₹398.30 price screens above the ₹281.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

Full chart & analysis →

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Analysis

SESHAASAI TECHNOLOGIES L (STYL) currently trades at ₹398.30, while our model-based Fair Value estimate is ₹281.12, implying the stock looks roughly 29.4% overvalued today. The Quality Score stands at 63/100 (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, SESHAASAI TECHNOLOGIES L generated revenue of ₹14.4B at a net margin of 16.7%. Revenue grew 9.6% year over year. It earns a return on equity of 23.2%. Net debt stands at ₹2.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹176.92 (bear case) to ₹409.32 (bull case); at ₹398.30, the current price sits within 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 9% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at -29%, STYL screens cheaper 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.

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
Growth DCF ₹166.04 ₹242.36 ₹351.76 80
Residual Income ₹97.54 ₹128.03 ₹396.46 76
Rev-Margin DCF ₹179.78 ₹287.80 ₹411.69 74
All 23 models by family
DCF Models
FCF DCF ₹163.38 ₹249.61 ₹381.23 38
5Y Revenue Exit ₹179.78 ₹288.30 ₹427.17 39
5Y EBITDA Exit ₹246.26 ₹412.69 ₹607.63 41
5Y P/E Exit ₹243.28 ₹407.11 ₹579.53 38
10Y Revenue Exit ₹166.63 ₹264.37 ₹396.15 36
10Y EBITDA Exit ₹214.76 ₹350.74 ₹533.93 37
10Y P/E Exit ₹212.86 ₹346.87 ₹512.48 35
Earnings-Based
Graham-Dodd ₹100.87 ₹314.15 ₹417.83 54
Lynch FV ₹68.32 ₹97.60 ₹126.88 50
PEG = 1.0 ₹68.32 ₹97.60 ₹126.88 46
EPV ₹164.63 ₹190.61 ₹213.35 59
Multiples
P/E Multiple ₹311.50 ₹415.33 ₹519.16 63
P/S Multiple ₹189.12 ₹252.16 ₹315.21 58
P/B Multiple ₹189.12 ₹252.16 ₹315.21 55
EV/EBIT ₹381.71 ₹506.05 ₹630.38 53
EV/EBITDA ₹325.36 ₹430.90 ₹536.45 54
EV/Revenue ₹197.29 ₹278.10 ₹358.92 43
Asset-Based
NCAV (Graham) ₹44.07 ₹59.06 ₹88.15 50
Growth DCF
Growth DCF ₹166.04 ₹242.36 ₹351.76 80
Rev-Margin DCF ₹179.78 ₹287.80 ₹411.69 74
Economic Profit
Residual Income ₹97.54 ₹128.03 ₹396.46 76
ROIC Compounder ₹175.84 ₹220.05 ₹271.49 72
Growth Earnings
Growth-Adj P/E ₹250.79 ₹358.27 ₹465.75 68

Widest divergence: Growth Earnings (₹358.27) versus Asset-Based (₹59.06). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹14.4B
Revenue growth (YoY) +9.6%
Net margin 16.7%
Return on equity 23.2%
Free cash flow ₹2.2B FY2026
P/E ratio 25.8
More key figures
Operating margin 26.9%
EPS (TTM) ₹15.45
EPS growth (YoY) +18.5%
Net debt ₹2.5B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 70

Profitability 69
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 82
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

Seshaasai Technologies Limited provides payment, communications and fulfilment, and IoT solutions in India. The company offers smart cards comprising banking, smart ID payment, contact-based, multi-utility contactless, transit, prepaid, access and control payment, and NFT token cards; metal and high-tech payment cards; merchant QR solutions; payment form …

Full company description

Seshaasai Technologies Limited provides payment, communications and fulfilment, and IoT solutions in India. The company offers smart cards comprising banking, smart ID payment, contact-based, multi-utility contactless, transit, prepaid, access and control payment, and NFT token cards; metal and high-tech payment cards; merchant QR solutions; payment form factor products, such as wrist bands, key fobs and chains, watch straps, payment stickers and bracelets, and custom packaging kits; and secure banking instruments, including personalised cheque books, demand drafts and payment orders, passbooks, and customer communication products. It also provides print communication products consisting of statements, policy documents, business communication documents, utility bills, and loyalty campaigns, as well as direct mail, including brochures, postcards, and packages. In addition, the company offers radio frequency identification (RFID) solutions; RFID components, such as RFID inlays, RFID tags and labels, RFID automation, software integration, and handheld readers; RFID tunnels and antennas; RFID for the banking, financial, and insurance sector; and RFID active tracking, as well as eSIMs and SIM cards. Further, it provides various platforms comprising RUBIC, a customer communication platform; eTaTrak for integrated deliverables and logistics management; IOMS, an inventory and order management system; and izeIOT for connected products over the cloud. The company serves the banking, financial services, insurance, government, retail, supply chain and manufacturing, health and pharma, and renewable energy industries. Seshaasai Technologies Limited was incorporated in 1993 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SESHAASAI TECHNOLOGIES L reported revenue of ₹14.4B in FY2026 versus ₹6.7B in FY2022, a compound +21.0%/yr. Reported net income was ₹2.4B in FY2026, compounding +59.2%/yr from FY2022.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹14.4B
Latest YoY
−1.5%
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.
+7.9%
Revenue +21.0%/yr
FY22 ₹6.7B
FY23 ₹11.5B
FY24 ₹15.6B
FY25 ₹14.6B
FY26 ₹14.4B
Net income +59.2%/yr
FY22 ₹374M
FY23 ₹1.1B
FY24 ₹1.7B
FY25 ₹2.2B
FY26 ₹2.4B

STYL screens 29% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "SESHAASAI TECHNOLOGIES L Fair Value". https://www.fairvalue-calculator.com/stock/STYL

Peer Group

Software - Infrastructure · 370 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Above median
Fair Value upside −29% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 10% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.03× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 25.8× · Pricier than median
P/B 3.69× · Pricier than median
P/S (TTM) 3.66× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 13.5× · Cheaper 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 0
FUTURE 48 · sector 49
PAST 93 · sector 14
HEALTH 98 · sector 99
DIVIDEND 6 · sector 30

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $506.06 $365.74 -28%
Oracle Corporation ORAC C$7.22 C$2.34 -68%
Fortinet, Inc FTNT $160.84 $61.46 -62%
Synopsys, Inc 1SNPS €358.00 €93.61 -74%
Block, Inc XYZ A$111.01 A$70.69 -36%
Range Intelligent Computing Technology Group 300442 ¥67.70 ¥30.89 -54%
Oracle Financial Services Software Limited OFSS ₹11,679 ₹6,897 -41%
360 Security Technology Inc 601360 ¥9.58 ¥1.05 -89%
One97 Communications Limited PAYTM ₹1,610 ₹241.68 -85%
PT GoTo Gojek Tokopedia Tbk GOTO 50.00 IDR 20.41 IDR -59%

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Frequently asked questions

Is SESHAASAI TECHNOLOGIES L (STYL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹281.12 versus a price of ₹398.30, about −29% (overvalued).
What is the fair value of STYL?
Our model-based fair value for SESHAASAI TECHNOLOGIES L is ₹281.12 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹398.30.
What is the quality score of STYL?
SESHAASAI TECHNOLOGIES L has a Quality Score of 63/100. 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 SESHAASAI TECHNOLOGIES L (STYL)?
SESHAASAI TECHNOLOGIES L reported trailing-twelve-month revenue of about ₹14.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of STYL?
The net profit margin of SESHAASAI TECHNOLOGIES L is about 16.7%, meaning it keeps roughly 16.7% of revenue as net income. Based on the latest reported figures.

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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