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CSM Technologies Ltd (CSM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544806 NSE: CSM IT - Software | | CSM Technologies Share Price

₹102 -5.35 (-4.98%)

As on 03-Jul'26 16:59

CSM Technologies Ltd (CSM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544806 NSE: CSM IT - Software | | CSM Technologies Share Price

₹102 -5.35 (-4.98%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹554 Cr.
Current Price
₹102
52-Week Low / High
₹107 / 113
TTM EPS
₹3.2
TTM Sales
₹198 Cr.
Book Value per Share
₹26
P/E Ratio
33.83
In line with its 5-year historical median
Industry PE
20.5
Price to Book (P/B)
4.13
In line with its 5-year historical median
Price to Sales (P/S)
2.80
In line with its 5-year historical median
EV/EBITDA
17.53
In line with its 5-year historical median
Dividend Yield
0.35%
Profitability Efficiency
Return on Equity (ROE)
20.71%
Return on Capital Employed (ROCE)
24.71%
Return on Assets (ROA)
11.00%
Operating Profit Margin
15.6%
Net Profit Margin
8.29%
Gross Profit Margin
14.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
2.55%
Operating Profit Growth (1 Year)
-
14.9%
Net Profit Growth (1 Year)
-
4.13%
Asset Quality
Promoter Holding
71.18%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹83 Cr.
Equity
₹51.6 Cr.
Face Value
₹10
All Time Low / High
- / -

CSM Technologies stock performance

Key Ratios
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CSM Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25TTM
ROCE % 41.6%29.5%24.7%-
Value Creation
Index
2.01.10.8-

Growth Parameters

Sales 153193198198
Sales YoY Gr.-26.2%2.6%-
Adj EPS 4.64.14.23.2
YoY Gr.--10.8%3.5%-
BVPS (₹) 14.818.323.126
Adj Net
Profit
17.215.316.216
Cash Flow from Ops. 15.600-
Debt/CF from Ops. 0.400-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA2.6%
Adj EPS NANANA3.5%
BVPSNANANA26.1%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25TTM
Return on
Equity %
30.624.520.412.9
Op. Profit
Mgn %
15.613.915.6NAN
Net Profit
Mgn %
11.388.28.3
Debt to
Equity
0.10.40.4-
Working Cap
Days
01121600
Cash Conv.
Cycle
033550

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales153193198
Operating Expenses > + 129166167
Manufacturing Costs245153
Material Costs4106
Employee Cost 618190
Other Costs > 402319
Operating Profit > 242731
Operating Profit Margin (%) 15.4%13.9%15.5%
Other Income > + 323
Exceptional Items > 000
Interest > 234
Depreciation > 156
Profit Before Tax > 242123
Tax > 657
Profit After Tax 171616
PAT Margin (%) 11.3%8.2%8.3%
Adjusted EPS (₹)4.64.24.3
Dividend Payout Ratio (%)8.20%9%8.40%

Valuation of CSM Technologies - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 566989
Share Capital 666
Reserves 506383
Debt +33032
Long Term Debt31621
Short Term Debt01411
Minority Interest000
Trade Payables51315
Others Liabilities 221929
Total Liabilities 87132166

Fixed Assets

Net Fixed Assets +263159
Gross Block453363
Accumulated Depreciation1924
CWIP 3230
Investments 121
Inventories000
Trade Receivables233561
Cash Equivalents 852
Others Assets 263542
Total Assets 87132166

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1600
PBT 2400
Adjustment 300
Changes in Working Capital -1200
Tax Paid 100
Cash Flow From Investing Activity + -1100
Capex -800
Net Investments -000
Others -200
Cash Flow From Financing Activity + -300
Net Proceeds from Shares 000
Net Proceeds from Borrowing -100
Interest Paid -200
Dividend Paid 000
Others -000
Net Cash Flow 200

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)30.8525.120.71
ROCE (%)41.5929.4724.71
Asset Turnover Ratio1.761.761.33
PAT to CFO Conversion(x)0.9400
Working Capital Days
Receivable Days54.8054.7088.70
Inventory Days000
Payable Days461.30320.80934.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

CSM Technologies Ltd FAQs

The current trading price of CSM Technologies on 03-Jul-2026 16:59 is ₹102.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jul-2026 the market cap of CSM Technologies stood at ₹554.0 Cr

The latest P/E ratio of CSM Technologies as of 02-Jul-2026 is 33.83.

The latest P/B ratio of CSM Technologies as of 02-Jul-2026 is 4.13.

The 52-week high of CSM Technologies is ₹113.0 and the 52-week low is ₹107.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CSM Technologies is ₹198 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that CSM Technologies Ltd is a below average quality company.

The key valuation ratios of CSM Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CSM Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About CSM Technologies Ltd

CSM Technologies was originally incorporated in the name and style of ‘Cybertech Software & Multimedia Private Limited’ on July 15, 1998. Subsequently, in order to create a better brand value in the domestic and international markets, the name of the company was changed to ‘CSM Technologies Private Limited’ on October 13, 2014. Thereafter, the company converted from a private limited company to a public limited company, pursuant to a resolution passed by the Board of Directors at their meeting held on June 18, 2025 and by the Shareholders at the EGM held on July 11, 2025, following which the name of the company was changed to ‘CSM Technologies Limited’ on July 29, 2025.

The company provides a wide range of Information Technology services relating to software development, software licensing & designing with a minimal up-gradation which looks into the business need, end-to-end business solutions, creation of web enabled applications, web portals, corporate-wise process integration, business critical application, data warehousing, system integration, turnkey projects, e-Governance, community development, system integration technology and process solutions and other related services. It operates through multiple verticals that function as distinct operating segments -- mining & allied services, governance & public services, agriculture & allied services, industry & trade facilitation, education, healthcare and tourism.

Its diversified customer base includes customers from the government sector (government institutions/departments), and enterprises. It has a diverse client base, with a primary focus on government entities and development organizations across India, Africa, and the United States. The company works extensively with central and state government departments, public sector undertakings, and agencies across sectors such as infrastructure, and public administration in India and abroad. In addition, it collaborates with donor and development agencies active in key areas like rural development, healthcare, and education, supporting them in the execution and management of critical social impact initiatives and development programs.

Business area of the company 

The company provides a wide range of Information Technology services relating to software development, software licensing & designing with a minimal up-gradation which looks into the business need, end-to-end business solutions, creation of web enabled applications, web portals, corporate-wise process integration, business critical application, data warehousing, system integration, turnkey projects, e-Governance, community development, system integration technology and process solutions and other related services.

Business verticals of the company

  • Mining and Allied Services
  • Government and Public Services
  • Agriculture and Allied Services
  • Education
  • Industry & Trade Facilitation
  • Healthcare
  • Tourism

Awards, accreditations and recognition 

  • 2013: Received the Vijay Rattan Gold Medal Award from International Institute of Education and Management.
  • 2013: Received an award as the ‘Top 100 SMEs of India’ at the India SME 100 Awards, 2012.
  • 2014: Received an award under the category ‘Best Software Services, Odisha’ at the 6th Odisha Information Technology Fair’ 14.
  • 2016: Received an award under the category ‘Best IT consulting services, Odisha’ at the 8th Odisha Information Technology Fair’16.
  • 2019: Received an award as the ‘Outstanding Exporter of IT/ITES’ by the Directorate of Export Promotion and Marketing, MSME Department, Government of Odisha for the year 2019-2020.
  • 2021: Received an award under the category ‘Smart tech companies’ at the IMC Digital Technology Awards, 2021.
  • 2021: Received an award for implementation of Digital Logistics Management System in the mining domain at the IMC Digital Technology Awards.
  • 2022: Received an award as India’s Most Trusted Companies of the Year, 2022 at the IBC Corporate Awards, 2022.
  • 2022: Received an award under the category ‘Notable Contribution in the IT employment Generation’ by the Electronics and Information Technology Department, Government of Odisha.
  • 2022: Received an award under the category ‘Medium- Platinum’ at the Corporate Excellence Awards, 2022.
  • 2023: Received an award as India’s Best Company of the Year, 2023 from Berkshire Media Private Limited.
  • 2023: Received an award under the category ‘Exceptional Employee Experience-Small & Mid- size’ at the ETHR Employee Experience Awards.
  • 2023: Received an award under the category ‘Excellence in best AI technology/ products/ solutions by Industry’ at the AI Awards 2023 from Confederation of Indian Industry.
  • 2023: Received an award as the Top 100 winners of the 10th edition of India SME 100 Awards, 2023 organised by Bank of India.
  • 2023: Received an award titled ‘Odisha Best Employer Brand Awards 2023’ by the World Federation of HR Professionals.
  • 2023: Received an award under the category ‘Best Product and Service by Emerging Enterprise’ at the 5th edition of BW Emerging Business Award from Businessworld (BW).
  • 2024: Received the certification of compliance of SOC-2 Type II audit of internal controls on the suitability of the design and operating effectiveness of controls to meet the trust services principles criteria for security, availability, confidentiality, processing integrity and privacy principles set forth outlined by American Institute of Certified Public Accountants.
  • 2024: Received an award under the category ‘Best Digital Leadership’ at the IMC Digital Technology Awards 2024 from the IMC Chamber of Commerce and Industry.
  • 2024: Received an award under the category ‘Innovator-Agriculture Enterprise’ at the Nasscom AI Gamechangers for the year 2023-2024 from Nasscom.
  • 2024: Received an award for software development at the TrueFirms Top Company Q3 Award, 2024 from TrueFirms.
  • 2025: Received an award under the category ‘Best Product and Service of the Year’ at the 6th edition of BW Emerging Business Award from Businessworld (BW).
  • 2025: Received a certificate by Univate Solutions Private Limited for its Quality Management Systems at the CMMI Maturity Level 5.
  • 2025: Received a certificate by Great Place To Work, India for completing the assessment and getting certified as a great workplace.

History and milestones

  • 1998: Commenced business in the name and style of ‘Cybertech Software & Multimedia Private Limited’.
  • 2007: Developed a Hospital Management System for a Sudan based hospital.
  • 2010: Developed a Student Academic Management System for end-to-end student admissions in government junior colleges for the state of Odisha.
  • 2010: Developed an Integrated Mines and Minerals Management System used for regulation of ore accounting system in the state of Odisha.
  • 2011: Commenced operations at Patna, Bihar.
  • 2015: Established CSM DWC LLC at Dubai, UAE to facilitate the operations in UAE countries.
  • 2018: Developed an Integrated Tea Trade System, which served as an auction automation platform for tea trade in Kenya.
  • 2020: Established CSM Technologies Africa Ltd at Kigali, Rwanda to facilitate the operations in Rwanda.
  • 2021: Established CSM Technologies Inc at Delware, USA to facilitate the operations in the USA.
  • 2021: Developed an Integrated Mines and Minerals Management System used for regulation of ore accounting system in the state of Chhattisgarh.
  • 2023: Onboarded its first AI powered non-human employee, Medha K, equipped with natural language to assist the company in dealing with the matters of internal human resources department. 
  • 2023: Commenced operations at New Delhi, India.
  • 2023: Established CSM Tech Limited at Nairobi, Kenya to facilitate the operations in Kenya.
  • 2023: Established CSM Tech Corp. at Ontario, Canada to facilitate the operations in Canada.
  • 2024: Developed a Revenue Management System used for regulation of ore accounting system for Kenya.
  • 2025: Conversion from private limited company into a public limited company under the name and style of ‘CSM Technologies Limited’.

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