Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Seshaasai Technologies Ltd

STYL
IT - Software

Seshaasai Technologies Ltd's stock has fallen further than its earnings. EPS fell 1.5% in a year while the price moved −9.1%.

Biggest watch item: the P/E sits at the 75th percentile of its own range — the multiple has already done part of the work.

The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 75th percentile of its own 1-year range. Underneath, the last four quarters read improving — profit +62.2% year on year, and 93% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Price
₹387
−9.1% 1Y
P/E
23.7×
75th pctile
of its own 1-year range
Revenue (Jun 26)
₹376 Cr
+20.9% YoY
Profit (Jun 26)
₹60.0 Cr
+62.2% YoY
Operating margin
23.0%
flat YoY
ROCE
28%
FY26
ROIC
23.7%
vs WACC 12.0% → +11.7 pp
Cash conversion
93%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Seshaasai Technologies Ltd trades at ₹387, in a confirmed uptrend and 8 weeks into that stage. That is +17.3% against its own 200-day average. It sits at 81% of a 52-week range of ₹220 to ₹427. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 24 straight weeks.

Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹387 it trades +17.3% versus its 200-day average and sits at 81% of its 52-week range (₹220–₹427).

Sep 26: ₹387 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
+17.3% versus the 200-day line, week 8 of stage 2
Price50-day avg200-day avg
S4S2₹443₹383₹323₹263₹203₹387₹330Oct 25Jan 26Apr 26Jun 26Sep 26
S4S2₹443₹383₹323₹263₹203₹387₹330Oct 25Apr 26Sep 26
Beating or trailing, week by week since 2025 Each cell is one week from 2025 to now (53 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Oct 25Sep 26

Against the market, two honest reads. Cumulative: over the last 11 months the stock moved −9% while the NIFTY 500 moved −1% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 24 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Seshaasai Technologies Ltd trades at 23.7× P/E, at the pricey end of its own range (75th percentile). Its long-run median P/E is 20.0×, measured across 0.9 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 23.7× is at the pricey end of its own range (75th percentile), against a long-run median of 20.0× measured over 0.9 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 23.7× vs a 20.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 0.9-year window; loss-period spikes above 28× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (75th percentile)
P/EMedianEPS (TTM) (quarterly)
29.2×₹17.725.3×₹13.221.5×₹8.817.7×₹4.413.8×₹0.0×23.70×₹16Sep 25Dec 25Mar 26Jun 26Sep 26
29.2×₹17.725.3×₹13.221.5×₹8.817.7×₹4.413.8×₹0.0×23.70×₹16Sep 25Mar 26Sep 26
P/E
23.7×
75th percentile of 1y
PEG
1.53
as reported

Why the multiple sits where it does: over the past year annual EPS moved −1.5% against a −9.1% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Seshaasai Technologies Ltd was paying for profit growth of about 8.7% a year. Profit itself has compounded 19.2% a year over the past 2 years. Today the market pays 23.7× P/E, the 75th percentile of its own 1-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Seshaasai Technologies Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 5 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue −1.5% in FY26, profit +8.1% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
−1.1%41%−2.5%6.6%−3.8%−28%−5.1%−62%−6.5%−96%%%−1.5%8.1%FY24FY25FY26
−1.1%41%−2.5%6.6%−3.8%−28%−5.1%−62%−6.5%−96%%%−1.5%8.1%FY24FY25FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
24%74%14%32%3.7%−9.4%−6.4%−51%−16%−92%%%20.9%62.2%−70.1%Jun 24Jun 25Jun 26
24%74%14%32%3.7%−9.4%−6.4%−51%−16%−92%%%20.9%62.2%−70.1%Jun 24Jun 25Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
45%41%37%33%29%%30.5%Jun 24Dec 24Jun 25Dec 25Jun 26
45%41%37%33%29%%30.5%Jun 24Jun 25Jun 26
ROCE
Rolling over
latest 30.5% · span 30.5%–44.3%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−1.5%
Profit+8.1%
EPS−1.5%
Share price−9.1%
Revenue YoY (Jun 26)
+20.9%
latest quarter vs a year ago
Profit YoY (Jun 26)
+62.2%
latest quarter vs a year ago
Revenue 10y
−3.8%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

52.3/100 — rank 29 of 64 in IT - Software · 73% evidence confidence

Seshaasai Technologies Ltd scores 52.3 out of 100 against the 64 companies it is compared with in IT - Software, ranking 29. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 12.6 + 17.1 + 12.6 + 10 = 52.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Seshaasai Technologies Ltd reported ₹376 Cr of revenue in the Jun 26 quarter, +20.9% year on year. That is the 3rd straight quarter of year-on-year growth. Over 2 years it has compounded at −3.8% a year. The last full year, FY26, came in at ₹1,441 Cr. The last four reported quarters add to ₹1,506 Cr.

FY26 revenue came in at ₹1,441 Cr (−1.5% on the year), capping 2 years at −3.8% compound. The latest quarter (Jun 26) printed ₹376 Cr, +20.9% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹1,441 Cr (−1.5% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 3-year window. A bar is red when it is lower than the year before.
−3.8% a year over 2 years
RevenueYoY growth
1.7k−1.1%1.3k−2.5%841−3.8%421−5.1%0−6.5%₹ Cr%₹1,441−1.5%FY24FY25FY26
1.7k−1.1%1.3k−2.5%841−3.8%421−5.1%0−6.5%₹ Cr%₹1,441−1.5%FY24FY25FY26
Jun 26: ₹376 Cr (+20.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
43624%32714%2183.7%109−6.4%0−16%₹ Cr%₹37620.9%Jun 24Jun 25Jun 26
43624%32714%2183.7%109−6.4%0−16%₹ Cr%₹37620.9%Jun 24Jun 25Jun 26

Pace check: the last four quarters averaged +7.7% growth against the decade's −3.8% — the current year is running faster than its own long-run rate.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Seshaasai Technologies Ltd's operating margin is 23.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 19.0% to 26.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 23.0%, +0.0 pp against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 19.0%–26.0%.

Why the margin moved: operating margin went +0.2 pp year on year while gross margin went −2.9 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 26.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 3-year window.
within a 19.0–26.0% band over 3 years
operating marginYoY change (pp)
27%6.4%25%5.0%23%3.5%20%2.0%18%0.6%%%26%1%FY24FY25FY26
27%6.4%25%5.0%23%3.5%20%2.0%18%0.6%%%26%1%FY24FY25FY26
Jun 26: 23.0% operating margin (+0.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
30%3.2%28%2.4%26%1.5%23%0.6%21%−0.2%%%23%0%Jun 24Jun 25Jun 26
30%3.2%28%2.4%26%1.5%23%0.6%21%−0.2%%%23%0%Jun 24Jun 25Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Seshaasai Technologies Ltd earned ₹60.0 Cr of net profit in the Jun 26 quarter, +62.2% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹240 Cr. The 2-year compound rate is 19.2%. That is 16.0% of the quarter's revenue. The same quarter a year earlier earned ₹37.0 Cr.

Jun 26 profit was ₹60.0 Cr, +62.2% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹240 Cr (+8.1%), and the 2-year compound rate is 19.2%.

FY26 profit ₹240 Cr (+8.1% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 3-year window. A bar is red when it is lower than the year before.
19.2% a year over 2 years
Net profitYoY growth
25933%19427%13020%6513%06.2%₹ Cr%₹2408.1%FY24FY25FY26
25933%19427%13020%6513%06.2%₹ Cr%₹2408.1%FY24FY25FY26
Jun 26: ₹60.0 Cr (+62.2% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Net profit (quarterly)YoY growth
8968%6647%4426%224.5%0−17%₹ Cr%₹6062.2%Jun 24Jun 25Jun 26
8968%6647%4426%224.5%0−17%₹ Cr%₹6062.2%Jun 24Jun 25Jun 26

Why profit moved: revenue contributed +20.9% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +25.0% vs revenue +7.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 93% of Seshaasai Technologies Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹220 Cr of operating cash against ₹240 Cr of profit. After ₹167 Cr of capital spending, ₹53.0 Cr was left as free cash.

FY26: operating cash of ₹220 Cr against reported profit of ₹240 Cr, leaving free cash of ₹53.0 Cr after ₹167 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 93% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹220 Cr vs profit ₹240 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 3-year window, annual resolution.
93% of 3-year profit arrived as cash
Operating cashNet profitFree cash
259194130650₹ Cr₹220₹240₹53FY24FY25FY26
259194130650₹ Cr₹220₹240₹53FY24FY25FY26
FY26: CFO = 92% of profit (three-year rate 93%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
121%109%97%84%72%%92%FY24FY25FY26
121%109%97%84%72%%92%FY24FY25FY26

Why conversion sits at 93%: the cash cycle stretched 63 days between FY24 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 3.4× depreciation over three years, so the next section's job is to check what that build-out is buying.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Seshaasai Technologies Ltd's cash conversion cycle runs 127 days in FY26, up from 64 days in FY24. Capital spending ran ₹291 Cr over the last 2 years. At FY26 sales of ₹1,441 Cr each day of that cycle holds about ₹3.9 Cr, so roughly ₹501 Cr sits inside the business at any moment.

FY26: debtors at 83 days, inventory at 98 days — roughly 3.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 127 days, looser than FY24's 64.

The full loop: cash goes out to suppliers and production on day 0; stock waits 98 days to sell; customers pay about 83 days after that; and suppliers themselves are paid at 54 days — netting out to the 127-day cycle.

In money terms: at FY26 sales of ₹1,441 Cr, each day of the cycle holds about ₹3.9 Cr — so the 127-day loop keeps roughly ₹501 Cr sitting inside the business at any moment.

FY26: a 127-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 3-year window.
+63 days vs FY24
Cash cycleInventory daysDebtor daysPayable days
134109856035days127d98d83d54dFY24FY25FY26
134109856035days127d98d83d54dFY24FY25FY26

On the investment side: capital spending of ₹291 Cr over the last 2 fiscal years against ₹85.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹54.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹167 Cr, work-in-progress ₹54.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
18013590450₹ Cr₹167₹54FY25FY26
18013590450₹ Cr₹167₹54FY25FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Seshaasai Technologies Ltd earns a ROCE of 28% in FY26. Return on invested capital clears the cost of that capital by +11.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 16.7% net margin on 0.86× asset turns.

FY26 ROCE is 28%.

Why the return is what it is — the wiring (FY26): 16.7% net margin × 0.86× asset turns × 1.17× balance-sheet leverage ≈ 16.8% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 23.7% − 12.0% = a +11.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 28% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 2-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEROIC (annual)WACC
39%32%25%17%10%%28%24.5%FY25FY26
39%32%25%17%10%%28%24.5%FY25FY26
Q4 FY26: ROCE 22.4% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 5 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
43%32%22%12%1.7%%22.4%6.1%Q1 FY25Q2 FY26Q4 FY26
43%32%22%12%1.7%%22.4%6.1%Q1 FY25Q2 FY26Q4 FY26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Seshaasai Technologies Ltd carries total debt of ₹84.0 Cr against shareholder equity of ₹1,426 Cr as of Mar 26, a debt-to-equity of 0.06 — effectively unlevered. On the annual view that ratio went from 0.59 in FY25 to 0.06 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹84.0 Cr against shareholder equity of ₹1,426 Cr — a debt-to-equity of 0.06. On the annual view, debt-to-equity went from 0.59 (FY25) to 0.06 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹84.0 Cr at 0.06× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 2-year window.
Total debtDebt-to-equity
4090.6×3070.5×2050.3×1020.2×00.0×₹ Cr×₹840.06×FY25FY26
4090.6×3070.5×2050.3×1020.2×00.0×₹ Cr×₹840.06×FY25FY26
Mar 26: debt ₹84.0 Cr, debt-to-equity 0.06 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 6 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
4210.9×3160.7×2110.4×1050.2×00.0×₹ Cr×₹840.06×Jun 24Jun 25Mar 26
4210.9×3160.7×2110.4×1050.2×00.0×₹ Cr×₹840.06×Jun 24Jun 25Mar 26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Seshaasai Technologies Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 4 quarters.
PromotersForeign inst.Domestic inst.Public
88%65%41%17%−6.2%%81.8%0.3%7.7%10.2%Sep 25Dec 25Jun 26
88%65%41%17%−6.2%%81.8%0.3%7.7%10.2%Sep 25Dec 25Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Seshaasai Technologies Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · IT - Software
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Coforge LtdCOFORGE 76.3/100Favorable setup100% evidence LEADER 30.0/35 Revenue 35.7% · PAT 66.5% · OPM change 3 pp 100% evidence 15.6/25 ROCE 23.5% · OPM 19% 100% evidence 12.3/20 P/E 42.7× · PEG 0.57 100% evidence 18.4/20 RS sector 13.3% · RS bench 20.1% · 1Y 11.3%12 of 12 weeks ahead 100% evidence
Exact sum: 30 + 15.6 + 12.3 + 18.4 = 76.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Silver Touch Technologies LtdSILVERTUC 70.0/100Favorable setup93% evidence FADING 30.2/35 Revenue 21.1% · PAT 86.4% · OPM change 8 pp 100% evidence 17.4/25 ROCE 29.8% · OPM 22% 100% evidence 10.3/20 P/E 46.4× · PEG 1.11 65% evidence 12.1/20 RS sector 6.1% · RS bench 14.1% · 1Y 120.3%9 of 12 weeks ahead 100% evidence
Exact sum: 30.2 + 17.4 + 10.3 + 12.1 = 70 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Sahana Systems LtdSAHANA 68.7/100Favorable setup70% evidence TURNING 21.5/35 Revenue 100% · PAT 100% · OPM change -3 pp 48% evidence 19.9/25 ROCE 39.8% · OPM 29% 95% evidence 13.4/20 P/E 14.1× · PEG — 50% evidence 13.9/20 RS sector -5.2% · RS bench 15.9% · 1Y -24.3%3 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 19.9 + 13.4 + 13.9 = 68.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4ASM Technologies Ltd526433 68.2/100Favorable setup69% evidence BREAKING OUT 27.9/35 Revenue 67.8% · PAT 89.5% · OPM change 2 pp 95% evidence 16.1/25 ROCE 27% · OPM 23% 76% evidence 8.6/20 P/E 138× · PEG — 15% evidence 15.6/20 RS sector 5.7% · RS bench 97.1% · 1Y 94%10 of 10 weeks ahead 70% evidence
Exact sum: 27.9 + 16.1 + 8.6 + 15.6 = 68.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5NINtec Systems LtdNINSYS 65.0/100Favorable setup80% evidence FADING 20.0/35 Revenue 21.6% · PAT 18.8% · OPM change 4.2 pp 95% evidence 21.9/25 ROCE 54% · OPM 25.9% 95% evidence 9.3/20 P/E 39.3× · PEG — 15% evidence 13.8/20 RS sector 29.6% · RS bench 37.6% · 1Y 57.1%9 of 12 weeks ahead 100% evidence
Exact sum: 20 + 21.9 + 9.3 + 13.8 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6String Metaverse Ltd534535 63.4/100Mixed-positive evidence82% evidence BASING 27.2/35 Revenue 100% · PAT 100% · OPM change 0 pp 95% evidence 15.7/25 ROCE 41.6% · OPM 11% 76% evidence 14.8/20 P/E 8.2× · PEG — 50% evidence 5.7/20 RS sector -48% · RS bench -35.6% · 1Y -70.4%1 of 12 weeks ahead 100% evidence
Exact sum: 27.2 + 15.7 + 14.8 + 5.7 = 63.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -48% and the one-year return is -70.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
7Cigniti Technologies LtdCIGNITITEC 63.3/100Mixed-positive evidence73% evidence 23.4/35 Revenue 14% · PAT 96.1% · OPM change 2 pp 56% evidence 16.2/25 ROCE 34.1% · OPM 18% 75% evidence 16.2/20 P/E 11.4× · PEG 0.61 100% evidence 7.5/20 RS sector -10.2% · RS bench -15% · 1Y -19.7%0 of 12 weeks ahead to 2026-05-17 70% evidence
Exact sum: 23.4 + 16.2 + 16.2 + 7.5 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Tech Mahindra LtdTECHM 63.2/100Mixed-positive evidence94% evidence BREAKING OUT 21.1/35 Revenue 10.9% · PAT 14.3% · OPM change 3 pp 100% evidence 16.3/25 ROCE 23.1% · OPM 17% 100% evidence 10.6/20 P/E 28.4× · PEG 0.76 100% evidence 15.2/20 RS sector 14.8% · RS bench 4% · 1Y 4.3%8 of 11 weeks ahead 70% evidence
Exact sum: 21.1 + 16.3 + 10.6 + 15.2 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9TAC Infosec LtdTAC 63.0/100Mixed-positive evidence66% evidence TURNING 25.6/35 Revenue 76.4% · PAT 59.4% · OPM change 1.6 pp 71% evidence 20.9/25 ROCE 38.1% · OPM 48.2% 95% evidence 9.5/20 P/E 35.7× · PEG — 15% evidence 7.0/20 RS sector -13.2% · RS bench -15.4% · 1Y -14.4%4 of 10 weeks ahead 70% evidence
Exact sum: 25.6 + 20.9 + 9.5 + 7 = 63 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Sasken Technologies LtdSASKEN 61.6/100Mixed-positive evidence100% evidence FADING 30.7/35 Revenue 67.8% · PAT 67.4% · OPM change 4 pp 100% evidence 8.1/25 ROCE 9.9% · OPM 9% 100% evidence 10.4/20 P/E 36.7× · PEG 0.68 100% evidence 12.4/20 RS sector 9.5% · RS bench 16.6% · 1Y 25%8 of 12 weeks ahead 100% evidence
Exact sum: 30.7 + 8.1 + 10.4 + 12.4 = 61.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Softtech Engineers LtdSOFTTECH 60.8/100Mixed-positive evidence80% evidence TURNING 25.2/35 Revenue 35.8% · PAT 100% · OPM change -0.1 pp 95% evidence 12.1/25 ROCE 6.2% · OPM 27.2% 95% evidence 8.7/20 P/E 124× · PEG — 15% evidence 14.8/20 RS sector 19.9% · RS bench 27.6% · 1Y 13.7%6 of 12 weeks ahead 100% evidence
Exact sum: 25.2 + 12.1 + 8.7 + 14.8 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Datamatics Global Services LtdDATAMATICS 60.7/100Mixed-positive evidence94% evidence ASLEEP 21.0/35 Revenue 13.1% · PAT 1.9% · OPM change 4 pp 100% evidence 15.9/25 ROCE 20.4% · OPM 20% 100% evidence 10.6/20 P/E 17.7× · PEG 0.69 100% evidence 13.2/20 RS sector 9.6% · RS bench -3.3% · 1Y -21.3%5 of 10 weeks ahead 70% evidence
Exact sum: 21 + 15.9 + 10.6 + 13.2 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13IZMO LtdIZMO 60.6/100Mixed-positive evidence81% evidence FADING 24.1/35 Revenue 24.7% · PAT 10.2% · OPM change 8 pp 95% evidence 14.2/25 ROCE 12.6% · OPM 25% 95% evidence 6.6/20 P/E 25.3× · PEG — 50% evidence 15.7/20 RS sector 29% · RS bench 7.6% · 1Y 20.9%8 of 10 weeks ahead 70% evidence
Exact sum: 24.1 + 14.2 + 6.6 + 15.7 = 60.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Danlaw Technologies India Ltd532329 59.9/100Mixed-positive evidence67% evidence TURNING 21.8/35 Revenue 24.1% · PAT 34.5% · OPM change 0.8 pp 95% evidence 15.5/25 ROCE 27.6% · OPM 13.4% 76% evidence 10.2/20 P/E 32× · PEG — 50% evidence 12.4/20 RS sector — · RS bench 93% · 1Y —4 of 4 weeks ahead 25% evidence
Exact sum: 21.8 + 15.5 + 10.2 + 12.4 = 59.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Expleo Solutions LtdEXPLEOSOL 59.6/100Mixed-positive evidence81% evidence TURNING 20.9/35 Revenue 10.4% · PAT 39.4% · OPM change 4 pp 95% evidence 15.8/25 ROCE 24.2% · OPM 15% 95% evidence 13.7/20 P/E 9.4× · PEG — 50% evidence 9.2/20 RS sector -13.3% · RS bench 1.4% · 1Y -12.8%2 of 10 weeks ahead 70% evidence
Exact sum: 20.9 + 15.8 + 13.7 + 9.2 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Hypersoft Technologies Ltd539724 59.6/100Mixed-positive evidence67% evidence FADING 25.5/35 Revenue 100% · PAT 100% · OPM change 2.9 pp 71% evidence 11.9/25 ROCE 20.6% · OPM 14% 76% evidence 8.6/20 P/E 386× · PEG — 15% evidence 13.6/20 RS sector 40.8% · RS bench 50.5% · 1Y 116.6%10 of 12 weeks ahead 100% evidence
Exact sum: 25.5 + 11.9 + 8.6 + 13.6 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17InfoBeans Technologies LtdINFOBEAN 58.9/100Mixed-positive evidence87% evidence ASLEEP 26.5/35 Revenue 35.5% · PAT 60.4% · OPM change 0 pp 95% evidence 16.9/25 ROCE 29.2% · OPM 21% 95% evidence 9.7/20 P/E 17.6× · PEG — 50% evidence 5.8/20 RS sector -12.9% · RS bench -6.5% · 1Y 10.4%3 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 16.9 + 9.7 + 5.8 = 58.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -12.9% and the one-year return is 10.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
18R Systems International LtdRSYSTEMS 57.5/100Mixed-positive evidence100% evidence BASING 18.9/35 Revenue 24.1% · PAT -1% · OPM change 3 pp 100% evidence 16.5/25 ROCE 19.5% · OPM 18% 100% evidence 17.7/20 P/E 13.5× · PEG 0.26 100% evidence 4.4/20 RS sector -28.2% · RS bench -23.7% · 1Y -46.9%0 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 16.5 + 17.7 + 4.4 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Ksolves India LtdKSOLVES 57.3/100Mixed-positive evidence87% evidence ASLEEP 17.8/35 Revenue 16% · PAT 16.7% · OPM change 3.9 pp 95% evidence 20.7/25 ROCE 131% · OPM 30.3% 95% evidence 13.8/20 P/E 16.5× · PEG — 50% evidence 5.0/20 RS sector -16.6% · RS bench -10.9% · 1Y -19.3%0 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 20.7 + 13.8 + 5 = 57.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20BLS E-Services LtdBLSE 56.8/100Mixed-positive evidence75% evidence LEADER 18.1/35 Revenue 71.2% · PAT 9.4% · OPM change 0 pp 95% evidence 10.3/25 ROCE 16.4% · OPM 7% 76% evidence 9.0/20 P/E 48.9× · PEG — 15% evidence 19.4/20 RS sector 41.8% · RS bench 50.4% · 1Y 75.9%12 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 10.3 + 9 + 19.4 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Subex LtdSUBEXLTD 56.5/100Mixed-positive evidence65% evidence BREAKING OUT 24.4/35 Revenue 2.8% · PAT 100% · OPM change 13 pp 95% evidence 10.3/25 ROCE 12.8% · OPM 19% 95% evidence 9.4/20 P/E 36.2× · PEG — 15% evidence 12.4/20 RS sector — · RS bench 80.4% · 1Y —9 of 9 weeks ahead 25% evidence
Exact sum: 24.4 + 10.3 + 9.4 + 12.4 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22Saksoft LtdSAKSOFT 55.7/100Mixed-positive evidence100% evidence BREAKING OUT 17.9/35 Revenue 8.2% · PAT 13% · OPM change 0 pp 100% evidence 15.6/25 ROCE 25.5% · OPM 18% 100% evidence 13.5/20 P/E 14.5× · PEG 0.6 100% evidence 8.7/20 RS sector -16% · RS bench -10.8% · 1Y -30.5%12 of 12 weeks ahead 100% evidence
Exact sum: 17.9 + 15.6 + 13.5 + 8.7 = 55.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Infosys LtdINFY 55.1/100Mixed-positive evidence82% evidence ASLEEP 18.1/35 Revenue 11.2% · PAT 11.1% · OPM change 0 pp 95% evidence 20.1/25 ROCE 40% · OPM 24% 76% evidence 14.0/20 P/E 13.5× · PEG — 50% evidence 2.9/20 RS sector -26.2% · RS bench -21.2% · 1Y -28.2%0 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 20.1 + 14 + 2.9 = 55.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24LTM LtdLTM 54.4/100Mixed-positive evidence100% evidence BREAKING OUT 17.1/35 Revenue 13.9% · PAT 10% · OPM change 1 pp 100% evidence 17.9/25 ROCE 29.6% · OPM 18% 100% evidence 10.7/20 P/E 22.6× · PEG 1.18 100% evidence 8.7/20 RS sector -17.1% · RS bench -11.7% · 1Y -17.7%5 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 17.9 + 10.7 + 8.7 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25AvenuesAI LtdCCAVENUE 53.6/100Mixed-positive evidence93% evidence BREAKING OUT 20.9/35 Revenue 100% · PAT 43.8% · OPM change -2.3 pp 100% evidence 5.0/25 ROCE 7.7% · OPM 3.7% 100% evidence 14.8/20 P/E 19.2× · PEG 0.37 65% evidence 12.9/20 RS sector -4.7% · RS bench 1.7% · 1Y 0.7%12 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 5 + 14.8 + 12.9 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26Xchanging Solutions LtdXCHANGING 53.6/100Mixed-positive evidence81% evidence TURNING 18.6/35 Revenue 8.4% · PAT 13.2% · OPM change 1 pp 95% evidence 15.5/25 ROCE 18% · OPM 34% 95% evidence 13.6/20 P/E 11.4× · PEG — 50% evidence 5.9/20 RS sector -24.4% · RS bench -11.2% · 1Y -30.2%1 of 10 weeks ahead 70% evidence
Exact sum: 18.6 + 15.5 + 13.6 + 5.9 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27Blue Cloud Softech Solutions LtdBLUECLOUDS 53.0/100Mixed-positive evidence74% evidence 22.0/35 Revenue 41.1% · PAT 36.2% · OPM change 10 pp 95% evidence 12.4/25 ROCE 14.2% · OPM 20% 95% evidence 9.6/20 P/E 27.6× · PEG — 15% evidence 9.0/20 RS sector -3.8% · RS bench -8.7% · 1Y -33.2%1 of 12 weeks ahead 70% evidence
Exact sum: 22 + 12.4 + 9.6 + 9 = 53 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28TechNVision Ventures LtdTECHNVISN 52.9/100Mixed-positive evidence74% evidence ASLEEP 25.9/35 Revenue 23.4% · PAT 100% · OPM change 2.9 pp 95% evidence 5.5/25 ROCE 12.9% · OPM 5.2% 95% evidence 8.5/20 P/E 1002× · PEG — 15% evidence 13.0/20 RS sector 32.1% · RS bench -14% · 1Y -20.6%0 of 9 weeks ahead 70% evidence
Exact sum: 25.9 + 5.5 + 8.5 + 13 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29Seshaasai Technologies Ltdthis pageSTYL 52.3/100Mixed-positive evidence73% evidence BREAKING OUT 12.6/35 Revenue 6.7% · PAT 20.6% · OPM change 0 pp 100% evidence 17.1/25 ROCE 27.7% · OPM 23% 100% evidence 12.6/20 P/E 23.7× · PEG 0.81 65% evidence 10.0/20 RS sector — · RS bench — · 1Y -9.1%10 of 10 weeks ahead 0% evidence
Exact sum: 12.6 + 17.1 + 12.6 + 10 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Tanla Platforms LtdTANLA 52.2/100Mixed-positive evidence94% evidence ASLEEP 14.4/35 Revenue 13.2% · PAT 9.9% · OPM change 0 pp 100% evidence 16.5/25 ROCE 26.3% · OPM 16% 100% evidence 13.1/20 P/E 12.5× · PEG 1.21 100% evidence 8.2/20 RS sector -12% · RS bench -5.7% · 1Y -23.7%6 of 10 weeks ahead 70% evidence
Exact sum: 14.4 + 16.5 + 13.1 + 8.2 = 52.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
31Tata Consultancy Services LtdTCS 50.6/100Mixed-positive evidence100% evidence TURNING 10.0/35 Revenue 7.7% · PAT 1.1% · OPM change -1 pp 100% evidence 22.5/25 ROCE 63% · OPM 26% 100% evidence 11.9/20 P/E 14.8× · PEG 1.85 100% evidence 6.2/20 RS sector -21.5% · RS bench -16.2% · 1Y -27.8%0 of 12 weeks ahead 100% evidence
Exact sum: 10 + 22.5 + 11.9 + 6.2 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
32Capillary Technologies India LtdCAPILLARY 50.4/100Mixed-positive evidence63% evidence ASLEEP 27.4/35 Revenue 27.8% · PAT 135.8% · OPM change 5.8 pp 100% evidence 4.1/25 ROCE 3.4% · OPM 15.7% 100% evidence 8.9/20 P/E 71.8× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 27.4 + 4.1 + 8.9 + 10 = 50.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
33RNIT AI Solutions LtdAUTOPALIND 50.4/100Thin evidence · provisional55% evidence BREAKING OUT 16.9/35 Revenue 56.7% · PAT 71.3% · OPM change -0.6 pp 95% evidence 14.6/25 ROCE 20.2% · OPM 35.3% 76% evidence 8.9/20 P/E 68× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —5 of 12 weeks ahead 0% evidence
Exact sum: 16.9 + 14.6 + 8.9 + 10 = 50.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
34Birlasoft LtdBSOFT 50.3/100Mixed-positive evidence100% evidence ASLEEP 19.7/35 Revenue 1.4% · PAT 21.1% · OPM change 4 pp 100% evidence 13.0/25 ROCE 21.2% · OPM 16% 100% evidence 14.6/20 P/E 13.2× · PEG 0.62 100% evidence 3.0/20 RS sector -26% · RS bench -20.6% · 1Y -25%0 of 12 weeks ahead 100% evidence
Exact sum: 19.7 + 13 + 14.6 + 3 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
35Mphasis LtdMPHASIS 49.0/100Mixed-negative evidence94% evidence FADING 15.0/35 Revenue 13.7% · PAT 9.9% · OPM change -1 pp 100% evidence 17.3/25 ROCE 22.1% · OPM 18% 100% evidence 6.0/20 P/E 22.6× · PEG 2.19 100% evidence 10.7/20 RS sector 0% · RS bench -7% · 1Y -18%3 of 10 weeks ahead 70% evidence
Exact sum: 15 + 17.3 + 6 + 10.7 = 49 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
36Hexaware Technologies LtdHEXT 48.9/100Mixed-negative evidence94% evidence FADING 14.2/35 Revenue 13% · PAT 1.2% · OPM change 4 pp 100% evidence 17.8/25 ROCE 30.1% · OPM 16% 100% evidence 10.7/20 P/E 21.4× · PEG 0.81 100% evidence 6.2/20 RS sector -21.4% · RS bench -14.7% · 1Y -31.1%6 of 10 weeks ahead 70% evidence
Exact sum: 14.2 + 17.8 + 10.7 + 6.2 = 48.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
37HCL Technologies LtdHCLTECH 48.2/100Mixed-negative evidence82% evidence BREAKING OUT 12.2/35 Revenue 12.6% · PAT 2.6% · OPM change 0 pp 95% evidence 19.0/25 ROCE 30.4% · OPM 20% 76% evidence 9.0/20 P/E 18× · PEG — 50% evidence 8.0/20 RS sector -18.3% · RS bench -12.7% · 1Y -15%7 of 12 weeks ahead 100% evidence
Exact sum: 12.2 + 19 + 9 + 8 = 48.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
38Mastek LtdMASTEK 47.9/100Mixed-negative evidence82% evidence FADING 13.8/35 Revenue 6% · PAT 5% · OPM change 0 pp 95% evidence 13.3/25 ROCE 17.7% · OPM 15% 76% evidence 12.6/20 P/E 11.5× · PEG — 50% evidence 8.2/20 RS sector -16.4% · RS bench -11.1% · 1Y -33.2%4 of 12 weeks ahead 100% evidence
Exact sum: 13.8 + 13.3 + 12.6 + 8.2 = 47.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
39Dynacons Systems & Solutions LtdDSSL 47.2/100Mixed-negative evidence87% evidence ASLEEP 16.8/35 Revenue 10.5% · PAT 16.2% · OPM change 3 pp 95% evidence 15.4/25 ROCE 29.8% · OPM 13% 95% evidence 8.1/20 P/E 15.9× · PEG — 50% evidence 6.9/20 RS sector -7% · RS bench -0.5% · 1Y 9%6 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 15.4 + 8.1 + 6.9 = 47.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
40Zensar Technologies LtdZENSARTECH 46.6/100Mixed-negative evidence100% evidence ASLEEP 15.6/35 Revenue 8% · PAT 15.3% · OPM change 0 pp 100% evidence 13.6/25 ROCE 22.8% · OPM 15% 100% evidence 14.3/20 P/E 12.2× · PEG 1.11 100% evidence 3.1/20 RS sector -33% · RS bench -28.6% · 1Y -45.2%0 of 12 weeks ahead 100% evidence
Exact sum: 15.6 + 13.6 + 14.3 + 3.1 = 46.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
41Unicommerce eSolutions LtdUNIECOM 46.6/100Mixed-negative evidence74% evidence ASLEEP 14.4/35 Revenue 38.4% · PAT 18.1% · OPM change -8.1 pp 95% evidence 16.5/25 ROCE 21.1% · OPM 10.6% 95% evidence 9.1/20 P/E 44.1× · PEG — 15% evidence 6.6/20 RS sector -14.5% · RS bench -19.2% · 1Y -44.1%0 of 10 weeks ahead 70% evidence
Exact sum: 14.4 + 16.5 + 9.1 + 6.6 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
42XT Global Infotech LtdXTGLOBAL 46.5/100Mixed-negative evidence61% evidence 18.4/35 Revenue 85.4% · PAT 29.4% · OPM change -6.6 pp 53% evidence 9.4/25 ROCE 7.5% · OPM 9.5% 71% evidence 9.1/20 P/E 40.8× · PEG — 50% evidence 9.6/20 RS sector -1% · RS bench -12.7% · 1Y -21.9%2 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 18.4 + 9.4 + 9.1 + 9.6 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
43Wipro LtdWIPRO 45.0/100Mixed-negative evidence100% evidence BASING 12.9/35 Revenue 6.4% · PAT -1.7% · OPM change 0 pp 100% evidence 15.3/25 ROCE 17.8% · OPM 19% 100% evidence 13.5/20 P/E 12.5× · PEG 1.4 100% evidence 3.3/20 RS sector -25.8% · RS bench -20.8% · 1Y -31.3%0 of 12 weeks ahead 100% evidence
Exact sum: 12.9 + 15.3 + 13.5 + 3.3 = 45 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
44Excelsoft Technologies LtdEXCELSOFT 44.3/100Mixed-negative evidence60% evidence TURNING 12.0/35 Revenue 26.8% · PAT 4.2% · OPM change -1.8 pp 95% evidence 12.2/25 ROCE 13.6% · OPM 16.3% 95% evidence 10.1/20 P/E 18.7× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 12 + 12.2 + 10.1 + 10 = 44.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
45Sonata Software LtdSONATSOFTW 43.1/100Mixed-negative evidence100% evidence BREAKING OUT 9.0/35 Revenue 4% · PAT 7.9% · OPM change 0 pp 100% evidence 13.6/25 ROCE 30.7% · OPM 5% 100% evidence 13.1/20 P/E 14.7× · PEG 0.81 100% evidence 7.4/20 RS sector -17.3% · RS bench -12.1% · 1Y -25.9%11 of 12 weeks ahead 100% evidence
Exact sum: 9 + 13.6 + 13.1 + 7.4 = 43.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
4663 Moons Technologies Ltd63MOONS 43.1/100Thin evidence · provisional58% evidence BREAKING OUT 20.6/35 Revenue 100% · PAT -80% · OPM change 128 pp 71% evidence 3.4/25 ROCE -3.7% · OPM -52% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 9.1/20 RS sector -22.4% · RS bench 28.9% · 1Y -1.6%10 of 11 weeks ahead 70% evidence
Exact sum: 20.6 + 3.4 + 10 + 9.1 = 43.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
47Magellanic Cloud LtdMCLOUD 38.9/100Mixed-negative evidence81% evidence TURNING 9.6/35 Revenue 13.7% · PAT 6.7% · OPM change -7 pp 95% evidence 13.9/25 ROCE 19.8% · OPM 28% 95% evidence 11.9/20 P/E 13.6× · PEG — 50% evidence 3.5/20 RS sector -54.4% · RS bench -23.4% · 1Y -68%6 of 11 weeks ahead 70% evidence
Exact sum: 9.6 + 13.9 + 11.9 + 3.5 = 38.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
48Innovana Thinklabs LtdINNOVANA 38.7/100Mixed-negative evidence81% evidence TURNING 8.7/35 Revenue 26% · PAT -39% · OPM change -32.5 pp 95% evidence 11.3/25 ROCE 15.8% · OPM 17.6% 95% evidence 9.0/20 P/E 21.9× · PEG — 50% evidence 9.7/20 RS sector -0.4% · RS bench -15.1% · 1Y -40.3%0 of 10 weeks ahead 70% evidence
Exact sum: 8.7 + 11.3 + 9 + 9.7 = 38.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
49Kellton Tech Solutions LtdKELLTONTEC 36.2/100Mixed-negative evidence87% evidence BASING 10.0/35 Revenue 9.5% · PAT 9.6% · OPM change -1 pp 95% evidence 9.7/25 ROCE 15% · OPM 11% 95% evidence 11.9/20 P/E 8× · PEG — 50% evidence 4.6/20 RS sector -24.3% · RS bench -19.4% · 1Y -45.5%0 of 12 weeks ahead 100% evidence
Exact sum: 10 + 9.7 + 11.9 + 4.6 = 36.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
50Aurionpro Solutions LtdAURIONPRO 36.1/100Mixed-negative evidence93% evidence ASLEEP 12.9/35 Revenue 14.8% · PAT 5.1% · OPM change -3 pp 100% evidence 10.7/25 ROCE 16.3% · OPM 17% 100% evidence 10.0/20 P/E 18× · PEG 1.39 65% evidence 2.5/20 RS sector -30.2% · RS bench -25.6% · 1Y -47.2%2 of 12 weeks ahead 100% evidence
Exact sum: 12.9 + 10.7 + 10 + 2.5 = 36.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
51Allied Digital Services LtdADSL 35.5/100Mixed-negative evidence74% evidence BASING 14.2/35 Revenue 19.1% · PAT 5.6% · OPM change 0 pp 95% evidence 6.5/25 ROCE 7.4% · OPM 9% 95% evidence 10.7/20 P/E 14.6× · PEG — 15% evidence 4.1/20 RS sector -29.8% · RS bench -24.4% · 1Y -39.4%1 of 10 weeks ahead 70% evidence
Exact sum: 14.2 + 6.5 + 10.7 + 4.1 = 35.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
52Mindteck (India) LtdMINDTECK 32.3/100Adverse evidence87% evidence ASLEEP 7.9/35 Revenue -1.8% · PAT 0.3% · OPM change -1.7 pp 95% evidence 10.4/25 ROCE 15.1% · OPM 7.8% 95% evidence 11.8/20 P/E 15.3× · PEG — 50% evidence 2.2/20 RS sector -27.9% · RS bench -23.1% · 1Y -24.6%3 of 12 weeks ahead 100% evidence
Exact sum: 7.9 + 10.4 + 11.8 + 2.2 = 32.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
53Moschip Technologies LtdMOSCHIP 31.1/100Adverse evidence87% evidence TURNING 7.7/35 Revenue 8.4% · PAT -33.6% · OPM change -3.9 pp 100% evidence 7.0/25 ROCE 11% · OPM 8.2% 100% evidence 3.7/20 P/E 129× · PEG 5.04 65% evidence 12.7/20 RS sector 1.9% · RS bench 0.9% · 1Y -15.1%3 of 10 weeks ahead 70% evidence
Exact sum: 7.7 + 7 + 3.7 + 12.7 = 31.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
54Orient Technologies LtdORIENTTECH 30.7/100Thin evidence · provisional54% evidence BASING 15.1/35 Revenue — · PAT — · OPM change -0.5 pp 19% evidence 2.4/25 ROCE 8.4% · OPM 6.7% 95% evidence 9.0/20 P/E 45.6× · PEG — 15% evidence 4.2/20 RS sector -21.8% · RS bench -16.7% · 1Y -9.4%0 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 2.4 + 9 + 4.2 = 30.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
55Quick Heal Technologies LtdQUICKHEAL 20.4/100Adverse evidence69% evidence BASING 6.2/35 Revenue -6.6% · PAT -80% · OPM change -22.1 pp 71% evidence 1.8/25 ROCE -6% · OPM -39% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 2.4/20 RS sector -32.9% · RS bench -29.1% · 1Y -50.2%2 of 12 weeks ahead 100% evidence
Exact sum: 6.2 + 1.8 + 10 + 2.4 = 20.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
56Covance Softsol Ltd544361 66.8/100Thin evidence · provisional49% evidence 25.8/35 Revenue 43.5% · PAT 100% · OPM change 19.7 pp 62% evidence 17.8/25 ROCE 31.4% · OPM 23.1% 76% evidence 11.1/20 P/E 12.9× · PEG — 15% evidence 12.1/20 RS sector — · RS bench 48.4% · 1Y — 25% evidence
Exact sum: 25.8 + 17.8 + 11.1 + 12.1 = 66.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
57Exato Technologies Ltd544626 57.8/100Thin evidence · provisional38% evidence TURNING 21.0/35 Revenue — · PAT — · OPM change 3.4 pp 45% evidence 17.5/25 ROCE 26.8% · OPM 18% 76% evidence 9.3/20 P/E 40× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —4 of 4 weeks ahead 0% evidence
Exact sum: 21 + 17.5 + 9.3 + 10 = 57.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
58Unified Data- Tech Solutions LtdUNIFIED 56.1/100Thin evidence · provisional36% evidence 16.9/35 Revenue — · PAT — · OPM change 1 pp 26% evidence 18.8/25 ROCE 45.2% · OPM 15% 76% evidence 10.2/20 P/E 18.6× · PEG — 15% evidence 10.2/20 RS sector — · RS bench -1.2% · 1Y 15.3%0 of 12 weeks ahead 25% evidence
Exact sum: 16.9 + 18.8 + 10.2 + 10.2 = 56.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
59Kody Technolab LtdKODYTECH 54.2/100Thin evidence · provisional48% evidence BREAKING OUT 15.2/35 Revenue — · PAT — · OPM change -5 pp 19% evidence 14.4/25 ROCE 16.8% · OPM 29% 95% evidence 8.7/20 P/E 125× · PEG — 15% evidence 15.9/20 RS sector 10.3% · RS bench 61.9% · 1Y 107.4%10 of 10 weeks ahead 70% evidence
Exact sum: 15.2 + 14.4 + 8.7 + 15.9 = 54.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
60Metalic Technoforge LtdMETA 53.0/100Thin evidence · provisional27% evidence 16.2/35 Revenue — · PAT — · OPM change -2 pp 13% evidence 17.1/25 ROCE 36.1% · OPM 8% 76% evidence 9.7/20 P/E 25.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -12.7%0 of 12 weeks ahead 0% evidence
Exact sum: 16.2 + 17.1 + 9.7 + 10 = 53 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
61Veefin Solutions LtdVEEFIN 47.3/100Thin evidence · provisional50% evidence 17.7/35 Revenue — · PAT — · OPM change -5.1 pp 19% evidence 10.6/25 ROCE 9.8% · OPM 19.7% 76% evidence 12.2/20 P/E 27.7× · PEG — 50% evidence 6.8/20 RS sector -7.2% · RS bench -24.9% · 1Y -40%0 of 12 weeks ahead 70% evidence
Exact sum: 17.7 + 10.6 + 12.2 + 6.8 = 47.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
62Trident Techlabs LtdTECHLABS 45.8/100Thin evidence · provisional40% evidence 16.0/35 Revenue — · PAT — · OPM change -2 pp 15% evidence 16.2/25 ROCE 26.7% · OPM 27% 71% evidence 10.5/20 P/E 14.9× · PEG — 15% evidence 3.1/20 RS sector -50.2% · RS bench -56.5% · 1Y -72.5%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 16 + 16.2 + 10.5 + 3.1 = 45.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
63ERP Soft Systems Ltd530909 44.2/100Thin evidence · provisional41% evidence 19.8/35 Revenue 19.1% · PAT 100% · OPM change -1.1 pp 53% evidence 8.0/25 ROCE 1.6% · OPM 1.7% 57% evidence 8.8/20 P/E 74.9× · PEG — 15% evidence 7.6/20 RS sector — · RS bench -47.6% · 1Y -59.7%0 of 12 weeks ahead to 2026-03-29 25% evidence
Exact sum: 19.8 + 8 + 8.8 + 7.6 = 44.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
64IDream Film Infrastructure Company Ltd504375 38.2/100Thin evidence · provisional35% evidence TURNING 12.8/35 Revenue — · PAT 100% · OPM change — 33% evidence 3.1/25 ROCE -9.2% · OPM -25.8% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 12.3/20 RS sector — · RS bench 78% · 1Y —8 of 8 weeks ahead 25% evidence
Exact sum: 12.8 + 3.1 + 10 + 12.3 = 38.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Seshaasai Technologies Ltd's share price today?

Seshaasai Technologies Ltd trades at ₹387, −9.1% over the past year. The company is valued at ₹6,268 Cr. The stock sits at 81% of its 52-week range of ₹220–₹427, +17.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 11 September 2026.

What were Seshaasai Technologies Ltd's latest quarterly results?

Seshaasai Technologies Ltd reported revenue of ₹376 Cr and net profit of ₹60.0 Cr for the Jun 26 quarter. Revenue rose 20.9% and profit rose 62.2% year on year. Earnings per share were ₹3.73. The operating margin was 23.0%, 0.0 pp higher than a year earlier. — as of 11 September 2026.

What is Seshaasai Technologies Ltd's revenue?

Seshaasai Technologies Ltd reported revenue of ₹376 Cr in the Jun 26 quarter, +20.9% year on year. For the full FY26 fiscal year, revenue was ₹1,441 Cr (−1.5%). Over the last 2 years revenue compounded at −3.8% a year. — as of 11 September 2026.

What is Seshaasai Technologies Ltd's profit?

Seshaasai Technologies Ltd earned ₹60.0 Cr of net profit in the Jun 26 quarter, +62.2% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹240 Cr. The operating margin ran 23.0% in the latest quarter. — as of 11 September 2026.

What is Seshaasai Technologies Ltd's market cap?

Seshaasai Technologies Ltd's market capitalisation is ₹6,268 Cr at a share price of ₹387. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Seshaasai Technologies Ltd's P/E ratio?

Seshaasai Technologies Ltd trades at a P/E of 23.7×, at the 75th percentile of its own 1-year range, against a long-run median of 20.0×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Seshaasai Technologies Ltd pay a dividend?

Yes — Seshaasai Technologies Ltd's dividend payout was 17% of profit in FY26, and it recorded a payout in each of its last 3 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is Seshaasai Technologies Ltd overvalued?

On its own history, Seshaasai Technologies Ltd looks expensive: its P/E of 23.7× sits at the 75th percentile of its 1-year range (long-run median 20.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Seshaasai Technologies Ltd growing?

Yes — Seshaasai Technologies Ltd is growing: latest-quarter revenue +20.9% year on year, profit +62.2%, and the margin +0.0 pp at 23.0%. The 2-year compound rates are −3.8% (revenue) and 19.2% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Seshaasai Technologies Ltd performing?

Seshaasai Technologies Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 20.9% and profit rose 62.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 24 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Seshaasai Technologies Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +17.3% versus its 200-day average and at 81% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Seshaasai Technologies Ltd beating the market?

On recent form, yes — Seshaasai Technologies Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 24 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 11 months the stock moved −9% against the NIFTY 500's −1% — behind the index over the full window. — as of 11 September 2026.

Will Seshaasai Technologies Ltd's share price go up?

This page publishes no price forecast for Seshaasai Technologies Ltd. What it measures instead: the share price is ₹387, the price is in a confirmed uptrend 8 weeks in. Its P/E of 23.7× sits at the 75th percentile of its own 1-year range. — as of 11 September 2026.

Who owns Seshaasai Technologies Ltd?

Promoters hold 81.8% of Seshaasai Technologies Ltd, foreign institutions 0.3%, domestic institutions 7.7% and the public 10.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does Seshaasai Technologies Ltd have too much debt?

No — Seshaasai Technologies Ltd's debt-to-equity is 0.06, and operating profit covers the interest bill 18×. FY26 borrowings were ₹84.0 Cr against equity of ₹1,426 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Seshaasai Technologies Ltd's capex?

Seshaasai Technologies Ltd spent ₹291 Cr on capital expenditure over the last 2 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹167 Cr, with ₹54.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Seshaasai Technologies Ltd's cash flow?

Seshaasai Technologies Ltd generated ₹220 Cr of operating cash flow in FY26 and ₹53.0 Cr of free cash flow after ₹167 Cr of capital spending. Reported profit that year was ₹240 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Seshaasai Technologies Ltd's profit real cash?

Yes — over the last 3 fiscal years, 93% of Seshaasai Technologies Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹220 Cr against reported profit of ₹240 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Seshaasai Technologies Ltd in its business cycle?

Seshaasai Technologies Ltd's FY26 operating margin was 26.0%, against a 3-year band of 19.0%–26.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 23.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Seshaasai Technologies Ltd's price assume?

At its price on 13 June 2026, Seshaasai Technologies Ltd was priced for profit growth of about 8.7% a year. Profit itself has compounded 19.2% a year over the past 2 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Seshaasai Technologies Ltd story?

Biggest watch item: the P/E sits at the 75th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Seshaasai Technologies Ltd a stock worth studying right now?

This is not investment advice. The machine read: Seshaasai Technologies Ltd's stock has fallen further than its earnings. EPS fell 1.5% in a year while the price moved −9.1%. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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