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ASM Technologies Ltd (526433)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526433 NSE: IT - Software | Small Cap | ASM Technology Share Price
₹6,895.10 -97.95 (-1.40%)
As on 11-Sep'26 16:01
ASM Technologies Ltd (526433)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526433 NSE: IT - Software | Small Cap | ASM Technology Share Price
₹6,895.10 -97.95 (-1.40%)
As on 11-Sep'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹10,202 Cr.
Current Price
₹6,895.1
52-Week Low / High
₹2,100 / 6,993
TTM EPS
₹49.4
TTM Sales
₹604 Cr.
Book Value per Share
₹229
P/E Ratio
141.67
Higher than its 5-year historical median
Industry PE
20.8
Price to Book (P/B)
30.54
Higher than its 5-year historical median
Price to Sales (P/S)
16.88
Higher than its 5-year historical median
EV/EBITDA
78.99
Higher than its 5-year historical median
Dividend Yield
0.24%
Profitability Efficiency
Return on Equity (ROE)
27.61%
Outperforms industry median
Return on Capital Employed (ROCE)
28.11%
Outperforms industry median
Return on Assets (ROA)
15.74%
Operating Profit Margin
19.2%
Net Profit Margin
11.5%
Gross Profit Margin
19%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
100.1%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
113.72%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
142.46%
Asset Quality
Promoter Holding
57.65%
Pledged shares (%) of Promoter's holding (%)
9.31%
Reserves
₹319 Cr.
Equity
₹14.6 Cr.
Face Value
₹10
All Time Low / High
₹0.81 / 6990.00
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is ASM Technologies Ltd a good quality company?
ASM Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does ASM Technologies Ltd performance compare with that of its Peers?
Revenue growth of ASM Technologies Ltd vs industry peers?
ASM Technologies Ltd revenue CAGR is 33.48%, compared to the industry median CAGR of 3.19%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of ASM Technologies Ltd?
Promoters hold 57.65% of the ASM Technologies Ltd, with 9.31% of their stake pledged, indicating low pledge risk.
Stock return of ASM Technologies Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 61.5% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
ASM Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.3% | 12.9% | 15.6% | 5% | 24.8% | 22.4% | 21.9% | 6.9% | 19.4% | 27% | - |
| Value Creation Index ⓘ | 0.2 | -0.1 | 0.1 | -0.6 | 0.8 | 0.6 | 0.6 | -0.5 | 0.4 | 0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 74.2 | 76.2 | 76.1 | 83.8 | 113 | 141 | 139 | 171 | 240 | 480 | 564 |
| Sales YoY Gr. | - | 2.7% | -0.2% | 10.2% | 35% | 24.6% | -1.4% | 23% | 40.1% | 100.1% | - |
| Adj EPS ⓘ | 6.1 | 3.4 | 4.9 | -0.1 | 12.4 | 14.9 | 13.9 | 2.2 | 21.8 | 43.6 | 51.2 |
| YoY Gr. | - | -44.3% | 45% | -101.2% | NA | 20.5% | -6.8% | -84.3% | 898.6% | 100.1% | - |
| BVPS (₹) ⓘ | 48.4 | 49.1 | 52.6 | 51.7 | 60.2 | 71.4 | 84.6 | 109.1 | 129.5 | 230.9 | 249.4 |
| Adj Net Profit ⓘ | 6.6 | 3.7 | 5.3 | -0.1 | 13.4 | 14.9 | 13.9 | 2.6 | 25.9 | 63.6 | 75 |
| Cash Flow from Ops. ⓘ | 28 | 0.4 | 0.8 | -9.9 | 10.7 | 7.9 | -2.9 | -6.2 | -18.5 | 37.1 | - |
| Debt/CF from Ops. ⓘ | 0 | 19 | 11.3 | -1.5 | 2.3 | 4.2 | -16.2 | -9.3 | -3.7 | 2.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 23.1% | 33.5% | 51.1% | 100.1% | ||||
| Adj EPS ⓘ | 24.4% | 28.7% | 46.5% | 100.1% | ||||
| BVPSⓘ | 19% | 30.9% | 39.7% | 78.3% | ||||
| Share Price | 61.8% | 97.4% | 140.8% | 64.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.1 | 7 | 9.7 | -0.1 | 22.1 | 21.8 | 17.8 | 2.1 | 14.9 | 24.3 | 21.3 |
| Op. Profit Mgn % ⓘ | 15.5 | 9 | 7.9 | 2.4 | 16.3 | 14 | 12.7 | 3.5 | 15.7 | 19.9 | 20.7 |
| Net Profit Mgn % ⓘ | 8.9 | 4.8 | 7 | -0.1 | 11.8 | 10.6 | 10 | 1.5 | 10.8 | 13.3 | 13.2 |
| Debt to Equity ⓘ | 0 | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 0.6 | 0.5 | 0.5 | 0.3 | - |
| Working Cap Days ⓘ | 213 | 104 | 131 | 169 | 162 | 154 | 203 | 232 | 253 | 189 | 114 |
| Cash Conv. Cycle ⓘ | 33 | 55 | 71 | 77 | 88 | 91 | 120 | 138 | 150 | 112 | 82 |
Valuation of ASM Technology - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 5.59 | 11.70 | 9.71 | 9.26 | 9.26 | 9.31 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 81 | 83 | 88 | 92 | 137 | 192 | 220 | 202 | 289 | 529 |
| Operating Expenses > ⓘ + | 75 | 80 | 83 | 90 | 120 | 171 | 199 | 196 | 242 | 427 |
| Operating Profit > ⓘ | 6 | 2 | 5 | 2 | 17 | 21 | 21 | 6 | 47 | 101 |
| Operating Profit Margin (%) | 7.6% | 2.9% | 6.2% | 2.6% | 12.3% | 11.0% | 9.5% | 3.0% | 16.4% | 19.1% |
| Other Income > ⓘ + | 1 | 2 | 5 | 4 | 3 | 7 | 6 | 5 | 9 | 8 |
| Interest > ⓘ | 1 | 0 | 1 | 2 | 3 | 6 | 7 | 10 | 12 | 9 |
| Depreciation > ⓘ | 2 | 1 | 1 | 3 | 4 | 4 | 9 | 11 | 10 | 14 |
| Profit Before Tax > ⓘ | 4 | 3 | 9 | 2 | 14 | 18 | 11 | -11 | 34 | 84 |
| Tax > ⓘ | 3 | 4 | 2 | 1 | 5 | 4 | 4 | -3 | 9 | 23 |
| Profit After Tax | 1 | -1 | 7 | 1 | 9 | 14 | 7 | -7 | 25 | 61 |
| PAT Margin (%) | 1.6% | -0.9% | 8.0% | 0.8% | 6.3% | 7.3% | 3.2% | -3.6% | 8.7% | 11.5% |
| Adjusted EPS (₹) | 1.2 | -0.7 | 6.4 | 1.2 | 7.9 | 14.6 | 9.6 | -3.7 | 22.1 | 41.7 |
| Dividend Payout Ratio (%) | 195.20% | -329.80% | 43.10% | 100.60% | 82.20% | 58.20% | 73.30% | -27.30% | 18.10% | 39.60% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 53 | 50 | 51 | 50 | 57 | 66 | 72 | 108 | 133 | 307 | |
| Debt + | 1 | 8 | 15 | 20 | 29 | 42 | 55 | 60 | 60 | 105 | |
| Minority Interest | 0 | 0 | 1 | 0 | 0 | -0 | -3 | -5 | 0 | 0 | |
| Trade Payables | 0 | 4 | 9 | 4 | 11 | 15 | 9 | 6 | 21 | 28 | |
| Others Liabilities ⓘ | 1 | 3 | 6 | 6 | 14 | 17 | 27 | 58 | 64 | 54 | |
| Total Liabilities ⓘ | 56 | 64 | 82 | 80 | 111 | 140 | 160 | 226 | 278 | 494 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 7 | 7 | 11 | 15 | 16 | 28 | 48 | 49 | 76 | 120 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 7 | |
| Investments ⓘ | 15 | 23 | 19 | 13 | 17 | 24 | 27 | 28 | 29 | 88 | |
| Inventories | 0 | 0 | 2 | 4 | 6 | 9 | 3 | 5 | 19 | 70 | |
| Trade Receivables | 11 | 20 | 27 | 21 | 50 | 57 | 55 | 52 | 129 | 116 | |
| Cash Equivalents | 7 | 2 | 10 | 7 | 10 | 9 | 10 | 73 | 13 | 29 | |
| Others Assets ⓘ | 17 | 14 | 12 | 20 | 11 | 12 | 16 | 21 | 12 | 64 | |
| Total Assets ⓘ | 56 | 64 | 82 | 80 | 111 | 140 | 160 | 226 | 278 | 494 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 28 | 0 | 2 | -8 | 4 | 14 | 20 | -1 | -23 | 68 |
| Cash Flow From Investing Activity ⓘ + | -12 | -4 | -1 | 5 | -9 | -9 | -25 | -66 | 33 | -166 |
| Cash Flow From Financing Activity ⓘ + | -19 | 4 | 2 | 0 | 7 | -6 | 4 | 68 | -9 | 102 |
| Net Cash Flow ⓘ | -3 | 0 | 3 | -3 | 2 | -1 | -1 | 1 | 0 | 4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.57 | -1.47 | 13.83 | 1.37 | 16.05 | 22.69 | 10.42 | -7.96 | 20.76 | 27.61 |
| ROCE (%) | 9.17 | 5.37 | 15.65 | 5.16 | 20.82 | 23.62 | 15.23 | -0.41 | 20.3 | 28.11 |
| Asset Turnover Ratio | 1.12 | 1.37 | 1.2 | 1.14 | 1.44 | 1.52 | 1.47 | 1.04 | 1.14 | 1.37 |
| PAT to CFO Conversion(x) | 28 | N/A | 0.29 | -8 | 0.44 | 1 | 2.86 | N/A | -0.92 | 1.11 |
| Working Capital Days | ||||||||||
| Receivable Days | 94.30 | 66.60 | 96.40 | 95.50 | 94.80 | 102 | 92.30 | 96.20 | 114.30 | 84.60 |
| Inventory Days | 0 | 0 | 10.30 | 12.40 | 12.90 | 14.60 | 10.40 | 7 | 14.80 | 30.60 |
| Payable Days | 0 | 0 | 420 | 769.10 | 800 | 497.10 | 169.20 | 114.90 | 105.90 | 71.80 |
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ASM Technologies Ltd FAQs
The current trading price of ASM Technology on 11-Sep-2026 16:01 is ₹6,895.1.
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 10-Sep-2026 the market cap of ASM Technology stood at ₹10,201.9 Cr
The latest P/E ratio of ASM Technology as of 10-Sep-2026 is 136.6.
The latest P/B ratio of ASM Technology as of 10-Sep-2026 is 28.04.
The 52-week high of ASM Technology is ₹6,993.1 and the 52-week low is ₹2,099.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ASM Technology is ₹564 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that ASM Technologies Ltd is a average quality company.
The key valuation ratios of ASM 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 ASM Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About ASM Technologies Ltd
ASM Technologies, established in 1992, is a pioneer in providing world-class consulting services in enterprise solutions for the Packaged ERP products and in enterprise product development for SMB segment and in technology solutions covering embedded systems and system software to its global clientele.
ASM offers a broad spectrum of enterprise services such as configuration, implementation, customization, end-user training and documentation, post implementation support and maintenance across leading commercial off-the-shelf products like SAP, Oracle Applications, PeopleSoft, JD Edwards and Microsoft Enterprise products.
The company has been providing consulting services (product engineering, development, product support, porting, testing and test automation) to its global clientele in the embedded software and system software space.
ASM has been running ODCs, both in India and overseas successfully for its international clients providing cost effective onsite, offsite and offshore services through a team of experienced engineers and consultants with extensive technical and domain expertise, which reinforces its ability to provide solutions to client needs.
A company promoted by technocrats, ASM was offered IPO status as far back as 1994, and is listed on the Bombay and Bangalore Stock Exchange. With over 545 employees worldwide (as on 30th June 2008), the company has development centres in Bangalore (India), Singapore, Chicago, Toledo and Tampa (USA), and London (UK).
Milestones:
• Publicly listed company in India • 545 employees worldwide• Global presence - offices in India, Singapore, USA (Chicago, Toledo and Tampa), Japan & UK • Focus on enterprise applications and technology solutions • Certified in ISO-9001:2000 and assessed at CMMI Maturity Level 3 for all its development & support operations • Development centres in India (Bangalore), Singapore, and USA (Chicago)• Successful offshore development & support centres in India and overseas • Industry Verticals: Manufacturing, Oil & Gas, Consumer Electronics, Growth Industries, Telecom, Public Utilities & Retail • 52% of customers Fortune 500 • 78% of the customers are Global 2000 • 92% of business is “Repeat Business†• 500+ person-years of product engineering • Technology transfer to 15 OEMs -- $120 million worth products deployed • Involved in engineering 45+ products and 120+ product releases
Services:
1. Enterprise Applications -- SAP, Oracle Applications, PeopleSoft & J D Edwards, Microsoft Dynamics, Business Process Management, Internet Applications, Outsourced Product Development, White Papers
2. Technology Solutions -- System Software, Embedded Systems, Network & Telecom, Engineering Services, Outsourced Product Development
Group Companies:
ASM Technologies (India), Pinnacle Talent Inc (USA), Advanced Synergic (Singapore) and ESR Associates Inc (USA)
Partners:
• Cincom• ORACLE• Microsoft• SAP
Clients:
Bharat Petroleum, ConocoPhilips, Coca Cola, IBM, MeadWesta, DTE Energy, HP, Infoblox, etc.
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