ASM Technologies Ltd (ASMTEC)

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ASM Technologies Ltd (ASMTEC) · mywealthgrid

About

ASM Technologies Ltd is a software consulting company operating in India's IT sector. The company reported December 2024 quarterly revenue of ₹57.47 Cr with a market capitalization of ₹7,061.66 Cr, positioning it as a mid-cap player in the Computers - Software & Consulting space. Recent quarters show revenue expansion and improvement in operating margins.

Face value: ₹10

Market cap

₹9,641 Cr

P/E

367.6×

P/B

31.4×

Dividend yield

0.4%

ROE

25.7%

ROCE

33.3%

Debt / equity

0.37

OPM

19.1%

EPS (TTM)

₹18.0

Book value

₹210.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: OPM ranged from -4.61% (Dec 2023) to 16.39% (Dec 2024), and quarterly revenue spans ₹31.36–57.47 Cr, suggesting business concentration or execution inconsistency
Extreme valuation: PE of 116.22 leaves minimal room for growth disappointment
Minimal institutional investor base: FII 0.49% and DII 0.72% holdings may limit liquidity and research coverage
Revenue sustainability: verify whether 2× growth from Dec 2023 (₹27.53 Cr) to Dec 2024 (₹57.47 Cr) reflects large contract wins, project cycles, or baseline market expansion

Generated analysis · source review pending

Growth drivers

Revenue doubling: Dec 2024 ₹57.47 Cr versus Dec 2023 ₹27.53 Cr shows expansion trajectory
Margin recovery: OPM improved from -4.61% (Dec 2023) to 16.39% (Dec 2024), indicating operational gains
Capital efficiency: ROE of 25.74% demonstrates effective capital deployment
Verify sustainability: whether revenue momentum reflects durable demand shifts or project cycles, and what client segments or geographies are driving growth

Generated analysis · source review pending

2,143 historical price candles were omitted because the exchange source has not been verified.

₹6,603.7-3.9%1Y

Quick read

rule-based

Pros

+Profit CAGR of 47.9% over the last 5 years
+Revenue CAGR of 30.9% over the last 5 years
+Comfortable interest coverage of 10.8×

Cons

−Expensive at 367.6× trailing earnings
−Trading at 31.4× book value

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 75
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Persistent Systems LimitedPERSISTENTPERSISTENT	₹84,691 Cr	₹84,691 Cr	₹15,718 Cr	₹2,881 Cr	19%	₹1,923 Cr	12.7%	34.2%	26.3%	48
Coforge LimitedCOFORGECOFORGE	₹80,837 Cr	₹81,237 Cr	₹18,152 Cr	₹3,397 Cr	17.9%	₹1,717 Cr	10.6%	22.2%	19.7%	88
Mphasis LimitedMPHASISMPHASIS	₹42,956 Cr	₹44,749 Cr	₹16,531 Cr	₹3,071 Cr	18.8%	₹1,910 Cr	11.7%	24.7%	18.3%	58
Hexaware Technologies LimitedHEXTHEXT	₹29,966 Cr	₹29,966 Cr	₹14,420 Cr	₹2,155 Cr	14.2%	₹1,344 Cr	10.2%	—	—	—
Tata Elxsi LimitedTATAELXSITATAELXSI	₹19,268 Cr	₹19,268 Cr	₹3,886 Cr	₹876 Cr	22.5%	₹655 Cr	16.7%	29.9%	21.3%	-54
Fractal Analytics LimitedFRACTALFRACTAL	₹12,510 Cr	₹12,796 Cr	₹3,300 Cr	₹508 Cr	15.4%	₹292 Cr	8.7%	15.3%	11.8%	61
Rategain Travel Technologies LimitedRATEGAINRATEGAIN	₹9,953 Cr	₹10,875 Cr	₹2,336 Cr	₹459 Cr	18.5%	₹242 Cr	10.7%	13.8%	10.5%	36
Zensar Technologies LimitedZENSARTECHZENSARTECH	₹9,881 Cr	₹9,881 Cr	₹5,811 Cr	₹926 Cr	16.1%	₹776 Cr	13.6%	23%	17.6%	31
ASM Technologies LtdASMTECASMTEC	₹9,641 Cr	₹9,754 Cr	₹529 Cr	₹101 Cr	19.1%	₹26 Cr	11.5%	33.3%	25.7%	202
Intellect Design Arena LimitedINTELLECTINTELLECT	₹8,566 Cr	₹8,566 Cr	₹3,182 Cr	₹603 Cr	19.1%	₹351 Cr	11.3%	15.6%	11.6%	46
Birlasoft LimitedBSOFTBSOFT	₹7,542 Cr	₹7,551 Cr	₹5,404 Cr	₹930 Cr	16.3%	₹573 Cr	9.8%	21.2%	13.7%	63
Sonata Software LimitedSONATSOFTWSONATSOFTW	₹7,124 Cr	₹7,692 Cr	₹11,015 Cr	₹752 Cr	6.9%	₹463 Cr	4.3%	32.4%	25.7%	-19

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	137	192	220	202	289	529
COGS	3	10	26	18	45	125
Gross profit	134	182	194	184	243	404
	117	161	173	178	196	303
	17	21	21	6	47	101
OPM %	12.3%	11%	9.5%	3%	16.3%	19.1%
Depreciation	4	4	9	11	10	14
Interest	3	6	7	10	12	9
	3	7	6	5	9	6
Profit before tax	14	18	11	-11	34	84
Tax	5	4	4	-3	9	23
Tax %	37.5%	22.3%	37.1%	-32.9%	26.6%	27.8%
	9	14	7	-7	25	61
PAT margin %	6.3%	7.3%	3.2%	-3.5%	8.7%	11.5%
EPS (₹)	8.6	13.9	6.9	-3.2	10.6	41.7
EPS adjusted (₹)	8.6	13.9	6.9	-6.1	22.1	41.6
	81.4%	61.2%	100.9%	—	37.8%	39.6%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	12	12	15
Reserves	—	56	61	130	153	292
	—	45	61	69	77	113
	—	35	36	28	45	83
Total equity & liabilities	—	146	169	238	287	503
	27	28	48	49	76	120
CWIP	—	0	1	—	7	0
Investments	—	24	27	28	32	88
	—	94	93	162	179	295
Total assets	—	146	169	238	287	503

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-42	14	4	14	20	-1	-23	93
	17	-15	9	-9	-25	-66	33	-166
	28	-5	-11	-6	4	68	-9	102
Net cash flow	3	-6	2	-1	-1	1	0	29
Free cash flow	-42	13	4	6	1	-1	-23	-2
CFO / Operating profit %	—	—	25.1%	66.2%	96.2%	-10.2%	-49.7%	92.4%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	97.6%	95%	88.2%	91.3%	84.3%	76.4%
EBITDA margin %	12.3%	11%	9.5%	3%	16.4%	19.1%
EBIT margin %	9.7%	8.7%	5.7%	-2.6%	13%	16.5%
PAT margin %	6.3%	7.3%	3.2%	-3.5%	8.7%	11.5%
Working capital
Receivable days	—	108	90	94	163	80
Inventory days	—	353	45	73	152	204
Payable days	—	575	125	0	139	82
NWC days	—	-114	11	166	176	202
Leverage
Current ratio	—	1.39	1.24	2.34	1.78	2.53
Debt to EBITDA	—	2.15	2.9	11.56	1.62	1.11
Debt to equity	—	0.69	0.85	0.49	0.46	0.37
Interest coverage	5.9	4.2	2.6	-0	3.9	10.8
Asset turnover	—	1.31	1.31	0.85	1.01	1.05
Return ratios
Return on assets %	—	9.5%	4.2%	-3%	8.7%	12.1%
Return on capital employed %	—	29.5%	21%	-0.3%	25.4%	33.3%
Return on equity %	—	21.1%	10%	-5%	15.2%	19.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.79%	62.79%	61.54%	57.36%	57.1%	57.1%	57.1%	56.83%	57.4%	57.96%	57.96%	57.65%
	0.02%	0%	0.66%	0.23%	0.21%	0.23%	0.23%	0.67%	0.52%	0.5%	0.23%	0.49%
	0%	0.02%	0%	0%	0.02%	0%	0%	0.02%	0.08%	0.35%	0.42%	0.72%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	37.19%	37.19%	37.8%	42.41%	42.67%	42.67%	42.67%	42.48%	42%	41.19%	41.39%	41.14%
No. of shareholders	—	—	—	—	—	—	—	—	26,400	28,238	28,455	28,766

Promoter holding down 5.14 percentage points since Sep 2023.

6 deals · 6 Jan 2022 – 15 Mar 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
15 Mar 2024	IDS SYSTEMS LLP	Bulk	BSE	Sell	60,000	₹927.43	₹5.56 Cr
15 Mar 2024	MERU INVESTMENT FUND PCC-CELL 1	Bulk	BSE	Buy	57,234	₹927.00	₹5.31 Cr
12 Mar 2024	CAPRI GLOBAL HOLDINGS PRIVATE LIMITED	Bulk	BSE	Buy	1,00,000	₹1,037.50	₹10.38 Cr
12 Mar 2024	IDS SYSTEMS LLP	Bulk	BSE	Sell	94,026	₹1,037.50	₹9.76 Cr
6 Jan 2022	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Buy	56,987	₹753.67	₹4.29 Cr
6 Jan 2022	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Sell	34,908	₹780.71	₹2.73 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. M R VikramNon-Executive - Non Independent Director-Chairperson
Mr. Rabindra SrikantanExecutive Director-CEO-MD
Narsingh L RathodChief Financial Officer
Mr. M LakshminarayanNon-Executive - Independent Director
Mr. Shekar ViswanthanNon-Executive - Non Independent Director
Mrs. Preeti RabindraNon-Executive - Non Independent Director
Mr. Ramesh RadhakrishnanNon-Executive - Independent Director
Mr. Hardik AgrawalNon-Executive - Independent Director
Ms. Vanishree KulkarniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	17	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

39

Interim dividend12 Aug 2026 · ex-date₹6
Final dividend29 Jul 2026 · ex-date₹12
Interim dividend11 Feb 2026 · ex-date₹2.5
Interim dividend14 Nov 2025 · ex-date₹1
Final dividend19 Sept 2025 · ex-date₹3
Interim dividend22 Aug 2025 · ex-date₹1
Interim dividend24 Feb 2025 · ex-date₹1
Final dividend18 Jul 2024 · ex-date₹1
Final dividend27 Jul 2023 · ex-date₹4
Interim dividend21 Feb 2023 · ex-date₹1
Interim dividend22 Nov 2022 · ex-date₹1
Interim dividend18 Aug 2022 · ex-date₹1
Final dividend13 Jul 2022 · ex-date₹2.5
Interim dividend11 Feb 2022 · ex-date₹2.5
Interim dividend12 Nov 2021 · ex-date₹2.5
Interim dividend18 Aug 2021 · ex-date₹1
Final dividend5 Jul 2021 · ex-date₹3
Interim dividend18 Nov 2020 · ex-date₹2
Interim dividend14 Aug 2020 · ex-date₹2
Final dividend7 Jul 2020 · ex-date₹2.5
Final dividend17 Jun 2019 · ex-date₹3
Interim dividend13 Nov 2018 · ex-date₹3
Final dividend28 Jun 2018 · ex-date₹2.5
Interim dividend10 Nov 2017 · ex-date₹2.5
Final dividend15 Jun 2017 · ex-date₹2.5
Interim dividend27 Oct 2016 · ex-date₹2.5
Interim dividend28 Mar 2016 · ex-date₹6
Interim dividend21 Oct 2015 · ex-date₹1.8
Final dividend11 Aug 2015 · ex-date₹0.8
Interim dividend11 Nov 2014 · ex-date₹1.2
Final dividend23 Jun 2014 · ex-date₹1.8
Interim dividend11 Nov 2013 · ex-date₹1
Final dividend20 Jun 2013 · ex-date₹1.3
Interim dividend8 Nov 2012 · ex-date₹1.2
Dividend dividend18 Jun 2012 · ex-date₹2.5
Dividend dividend5 Jul 2011 · ex-date₹2
Dividend dividend5 Jul 2010 · ex-date₹1.2
Dividend dividend15 Jun 2009 · ex-date₹1
Dividend dividend29 May 2008 · ex-date₹0.75

1

Board meeting to consider results5 Aug 2026

1

Bonus 1:117 Feb 2021 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

28 Sept 2026, 5:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Sept 2026, 11:03 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

12 Sept 2026, 6:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 Sept 2026, 6:00 pmAGM/EGM

Notice Of EGM

EGM PDF

9 Sept 2026, 8:57 amCompany Update

Announcement under Regulation 30 (LODR)-Preferential Issue

Preferential Issue PDF

9 Sept 2026, 8:54 amBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting

Outcome of Board Meeting PDF

6 Sept 2026, 11:22 amBoard Meeting

Board Meeting Intimation for Notice Of Board Meeting

Exchange filing PDF

31 Aug 2026, 9:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:45 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Sept 2026, 11:03 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

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ASM Technologies Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

39

1

1

Announcements

39

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

ASM Technologies Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends39

Board meetings1

Bonus issues1

Announcements

Dividends39

Board meetings1

Bonus issues1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

39

1

1

39

1

1