Csm Technologies Limited (CSM)

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Csm Technologies Limited (CSM) · mywealthgrid

About

Csm Technologies Limited (₹517.91 Cr market cap) provides software development and consulting services to Indian enterprises within the IT sector. The company operates as a mid-sized player in the competitive computers-software segment, relying on technical expertise and client relationships for growth. Recent earnings volatility—profitable in Mar 2026 (₹9.3 Cr, 25% OPM) but loss-making in Jun 2026 (-₹8.28 Cr, -17.85% OPM)—indicates operational or market challenges requiring investigation.

Face value: ₹10

Market cap

₹486 Cr

P/E

20.6×

P/B

4.7×

Dividend yield

0.5%

ROE

23%

ROCE

31.3%

Debt / equity

0.69

OPM

20%

EPS (TTM)

₹4.6

Book value

₹19.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility and deterioration: Q1 showed -₹8.28 Cr loss vs ₹9.3 Cr profit in Mar 2026; if not temporary cyclicality, indicates structural deterioration risk.
Customer/project concentration risk: 29% sequential revenue decline from ₹60.43 Cr (Mar 2026) to ₹42.7 Cr (Jun 2026) suggests concentrated customer base—verify top customer exposure and pipeline quality.
Valuation risk: P/E 21.95x assumes sustained profitability; Q1 losses threaten current multiples if deterioration persists beyond temporary cycle.
Competitive margin pressure in IT services: Sector faces pricing compression—verify if CSM's demonstrated 25% OPM (Mar 2026) is defensible or faces compression under competitive and macro headwinds.

Generated analysis · source review pending

Growth drivers

Revenue recovery to ₹60.43 Cr (Mar 2026 level) from Q1 ₹42.7 Cr would restore profit potential on existing cost structure
Operating margin normalization from -17.85% (Jun 2026) back to 25% (Mar 2026) demonstrated capability would significantly improve profitability
Verify if Q1 decline reflects temporary project completion cycle or structural loss of clients; recovery drivers depend entirely on root cause

Generated analysis · source review pending

62 historical price candles were omitted because the exchange source has not been verified.

₹94.3-4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 23% (3-yr avg)
+High return on capital employed of 31.3%
+Healthy operating margin of 20%
+High promoter holding of 71.2% with no pledge

Cons

−Low dividend payout of 10.9% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

64/100

Business quality: 62
Valuation: 65

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 2026
Revenue	226
COGS	13
Gross profit	213
	168
	45
OPM %	20%
Depreciation	6
Interest	7
	0
Profit before tax	32
Tax	8
Tax %	25.1%
PAT	24
PAT margin %	10.6%
EPS (₹)	6.1
EPS adjusted (₹)	6.1
	8.2%

₹ Cr	Mar 2026
Equity capital	39
Reserves	64
Minority interest	0
	71
	41
Total equity & liabilities	215
	54
CWIP	1
Investments	1
	158
Total assets	215

₹ Cr	Mar 2026
	-6
	-18
	30
Net cash flow	6
Free cash flow	-10
CFO / Operating profit %	-12.3%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 23%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2026
Margins
Gross margin %	94.4%
EBITDA margin %	20%
EBIT margin %	17.3%
PAT margin %	10.6%
Working capital
Receivable days	145
Inventory days	0
Payable days	302
NWC days	-157
Leverage
Current ratio	1.66
Debt to EBITDA	1.56
Debt to equity	0.69
Interest coverage	5.9
Asset turnover	1.05
Return ratios
Return on assets %	11.2%
Return on capital employed %	31.3%
Return on equity %	23.4%

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 (%)	Jun 2026
	71.18%
	9.19%
	3.63%
Government	0%
	16%
No. of shareholders	40,467

Promoter holding up 0 percentage points since Jun 2026.

15 deals · 29 Jul 2026 – 18 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Sept 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	4,69,251	₹109.33	₹5.13 Cr
18 Sept 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	4,69,251	₹109.23	₹5.13 Cr
18 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	4,26,544	₹108.80	₹4.64 Cr
18 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	4,26,002	₹108.93	₹4.64 Cr
18 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	3,53,874	₹108.59	₹3.84 Cr
18 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	3,53,874	₹108.54	₹3.84 Cr
18 Sept 2026	QE SECURITIES LLP	Bulk	NSE	Sell	3,04,248	₹107.93	₹3.28 Cr
18 Sept 2026	QE SECURITIES LLP	Bulk	NSE	Buy	3,01,081	₹108.45	₹3.27 Cr
16 Sept 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	2,85,279	₹98.80	₹2.82 Cr
16 Sept 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	2,85,279	₹98.80	₹2.82 Cr

1–10 of 15

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Mr. Priyadarshi PanyDirector
Ms. Lagna PandaDirector
Mr. Prasant MohapatraDirector
Mr. Bibekananda SatapathyDirector
Mr. Soumendra Kumar DasDirector
Shweta Janardhan SharmaCompany Secretary and Compliance Office

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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Csm Technologies Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Investor Presentation and earnings call

Jul 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Final dividend22 Sept 2026 · ex-date₹0.5

2

Board meeting to consider results14 Aug 2026
Board meeting to consider results20 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

33 announcementsExport CSV

30 Sept 2026, 10:23 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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Ratio	Mar 2026
Margins
Gross margin %	94.4%
EBITDA margin %	20%
EBIT margin %	17.3%
PAT margin %	10.6%
Working capital
Receivable days	145
Inventory days	0
Payable days	302
NWC days	-157
Leverage
Current ratio	1.66
Debt to EBITDA	1.56
Debt to equity	0.69
Interest coverage	5.9
Asset turnover	1.05
Return ratios
Return on assets %	11.2%
Return on capital employed %	31.3%
Return on equity %	23.4%

Date	Category	Subject	Filing
30 Sept 2026, 10:23 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 9:39 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 9:00 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 5:33 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 6:01 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 5:13 pm	Company Update Clarification	Clarification sought from CSM Technologies Ltd	—
7 Sept 2026, 3:55 pm	Corp. Action Record Date	Corporate Action-Fixes Record Date For (Dividend)	PDF
7 Sept 2026, 1:38 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Csm Technologies Limited

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

Compounded returns

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Investor Presentation and earnings call

Events

Dividends1

Board meetings2

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Investor Presentation and earnings call

Dividends1

Board meetings2

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

2

1

2