Sasken Technologies Limited (SASKEN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+323.3%

₹7,054.13

vs ₹1,666.40 price

Levered DCF

₹4,701.28

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.1

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	31.15×	46.75×	30.03×	11.89×	10.75×	11.47×	7.81×	12.14×
P/B	1.97×	3.01×	3.08×	1.64×	2.11×	2.33×	1.3×	1.57×
P/S	1.51×	4.3×	5.82×	2.65×	3.18×	2.95×	1.25×	2.18×
EV / EBITDA	13.56×	103.13×	22.85×	8.89×	8.28×	8.08×	4.88×	9.25×
Gross margin	18.7%	12.3%	22.1%	35.9%	34.1%	40.5%	34.7%	32.9%
Operating margin	4.4%	1.9%	21.1%	21.6%	29.1%	27.8%	15.6%	12.8%
Net margin	4.8%	9.1%	19.4%	22.3%	29.6%	25.8%	16.0%	17.9%
Current ratio	2.17×	3.38×	1.57×	2.26×	1.63×	2.5×	2.08×	2.97×
Debt / equity	0.03×	0.03×	0.01×	0×	0×	0×	0.01×	0×
Interest coverage	12.34×	3.83×	260.83×	721.98×	2,792.65×	264.32×	109.11×	0×
Dividend yield	2.3%	1.6%	1.6%	3.2%	2.9%	1.1%	18.5%	1.6%
Payout ratio	70.1%	75.0%	47.8%	37.8%	31.7%	13.1%	144.7%	19.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.3%	6.4%	10.2%	13.8%	19.6%	20.3%	16.6%	13.0%
Return on invested capital	4.1%	1.0%	8.9%	10.6%	15.5%	16.6%	11.0%	7.5%
Return on assets	4.6%	5.2%	8.5%	12.1%	16.6%	17.1%	12.7%	11.4%
Free cash flow yield	-1.3%	-2.8%	2.2%	5.4%	7.3%	8.9%	15.7%	1.0%
Earnings yield	3.2%	2.1%	3.3%	8.4%	9.3%	8.7%	12.8%	8.2%
Enterprise value	₹16.1B	₹23.6B	₹23.2B	₹11.6B	₹13.6B	₹12.9B	₹6B	₹10.8B
Net debt / EBITDA	-0.58×	-0.28×	-0.43×	-0.17×	-0.1×	-0.12×	-0.09×	-0.12×
Cash conversion cycle (days)	89	85	69	15	84	69	-42	83