Price
Financials
Consolidated, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12 | 19 | 16 | 51 | 73 | 101 | 108 | 107 | 60 | 41 | 69 | 47 |
| Expenses | 15 | 20 | 18 | 53 | 79 | 84 | 94 | 96 | 67 | 64 | 87 | 44 |
| Operating Profit | -2 | -1 | -2 | -2 | -5 | 17 | 14 | 12 | -7 | -24 | -18 | 4 |
| OPM % | -19% | -4.0% | -12% | -3.2% | -7% | 16% | 13% | 11% | -11% | -58% | -26% | 8% |
| Other Income | 0 | 3 | 0 | 4 | 2 | 3 | 1 | 2 | 0 | -27 | 1 | -11 |
| Interest | 0 | 1 | 0 | 1 | 1 | 2 | 4 | 4 | 4 | 3 | 2 | 0 |
| Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 1 |
| Profit before tax | -4 | -0 | -4 | -1 | -7 | 15 | 8 | 7 | -12 | -56 | -22 | -9 |
| Tax % | 11% | 24% | 7% | 46% | 7% | -1% | 4% | 3% | 1% | 1% | 2% | -1% |
| Net Profit | -5 | -1 | -4 | -1 | -8 | 15 | 7 | 7 | -12 | -56 | -22 | -9 |
| EPS in Rs | -6.41 | -0.75 | -5.01 | -1.05 | -5.69 | 11.94 | 6.36 | 4.39 | -7.17 | -29.88 | -13.11 | -5.38 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24 | 30 | 42 | 45 | 52 | 42 | 31 | 67 | 175 | 215 | 100 | 116 |
| Expenses | 16 | 22 | 26 | 31 | 34 | 38 | 34 | 70 | 162 | 189 | 129 | 131 |
| Operating Profit | 8 | 8 | 16 | 14 | 18 | 3 | -2 | -3 | 13 | 26 | -29 | -15 |
| OPM % | 34% | 27% | 38% | 31% | 34% | 8% | -7% | -3.9% | 7% | 12% | -29% | -12% |
| Other Income | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 3 | -27 | -10 |
| Interest | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 8 | 7 | 3 |
| Depreciation | 1 | 1 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 6 | 5 | 3 |
| Profit before tax | 7 | 8 | 12 | 9 | 15 | 0 | -5 | -4 | 8 | 14 | -68 | -31 |
| Tax % | 36% | 32% | 10% | 16% | 18% | -367% | 12% | 15% | 5% | 4% | 1% | 1% |
| Net Profit | 5 | 6 | 11 | 7 | 12 | 0 | -5 | -5 | 7 | 14 | -69 | -31 |
| EPS in Rs | 43.31 | 51.09 | 20.27 | 9.86 | 16.55 | 0.40 | -7.16 | -6.06 | 6.25 | 10.73 | -37.04 | -18.50 |
| Dividend Payout % | 23% | 4% | 5% | 10% | 8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 15% | 30% | -13% | 17% | ||
| Compounded Profit Growth | % | -13% | % | 46% | ||
| Stock Price CAGR | % | 11% | -38% | -28% | ||
| Return on Equity | -1% | -12% | -20% | -36% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 5 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 10 | 10 |
| Reserves | 12 | 17 | 24 | 42 | 55 | 49 | 44 | 43 | 43 | 50 | 21 | 25 |
| Borrowings | 5 | 6 | 17 | 7 | 6 | 13 | 18 | 36 | 81 | 84 | 112 | 7 |
| Other Liabilities | 5 | 4 | 9 | 4 | 7 | 4 | 4 | 31 | 62 | 105 | 61 | 33 |
| Total Liabilities | 23 | 29 | 55 | 60 | 75 | 73 | 73 | 117 | 193 | 246 | 205 | 76 |
| Fixed Assets | 4 | 5 | 16 | 30 | 32 | 33 | 30 | 54 | 79 | 74 | 67 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 7 | 0 | 2 | 10 | 0 |
| Investments | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 27 |
| Other Assets | 19 | 23 | 39 | 29 | 42 | 40 | 35 | 55 | 114 | 170 | 127 | 30 |
| Total Assets | 23 | 29 | 55 | 60 | 75 | 73 | 73 | 117 | 193 | 246 | 205 | 76 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4 | 5 | 7 | 6 | 14 | -10 | 7 | -2 | -31 | -37 | -4 | 97 |
| Cash from Investing Activity | 0 | -1 | -13 | -19 | -3 | -8 | -8 | -7 | -19 | -3 | 4 | 29 |
| Cash from Financing Activity | -0 | -2 | 12 | -0 | -2 | 4 | 4 | 14 | 46 | 38 | -6 | -125 |
| Net Cash Flow | 4 | 2 | 5 | -13 | 10 | -13 | 4 | 5 | -4 | -2 | -6 | 1 |
| Free Cash Flow | 4 | 3 | -7 | -12 | 11 | -14 | -1 | -29 | -57 | -40 | -10 | 154 |
| CFO/OP | 72% | 97% | 52% | 58% | 97% | -286% | -318% | 39% | -241% | -139% | 14% | -669% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 42 | 80 | 68 | 79 | 187 | 178 | 145 | 128 | 166 | 329 | 54 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 36 | 42 | 80 | 68 | 79 | 187 | 178 | 145 | 128 | 166 | 329 | 54 |
| Working Capital Days | -58 | -48 | 16 | 89 | 72 | 200 | 201 | 78 | 105 | 117 | 204 | 66 |
| ROCE % | 54% | 42% | 40% | 21% | 25% | 0% | -9% | -6% | 9% | 12% | -17% | -14% |
| Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 47.68% | 47.68% | 47.68% | 47.68% | 47.68% | 47.70% | 47.71% | 47.71% | 47.78% | 47.78% | 47.78% | 47.78% |
| DIIs | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 52.15% | 52.31% | 52.32% | 52.32% | 52.32% | 52.30% | 52.29% | 52.29% | 52.22% | 52.22% | 52.22% | 52.22% |
| No. of Shareholders | 553 | 524 | 479 | 463 | 462 | 443 | 363 | 680 | 1,290 | 964 | 919 | 877 |
Fundamentals
Market Cap₹ 41.6 Cr.
Current Price₹ 41.6
Book Value₹ 34.8
ROCE-14.0 %
ROE-35.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)46%
Consolidated figures.
Valuation
Market capRs 40 Cr
Enterprise valueRs 44 Cr
Price to book1.15x
Price to sales0.34x
EV / sales0.38x
Price to cash flow0.41x
Earnings yield-46.35%
P/E, 3-year average21.05x
P/B, 3-year average2.15x
P/E, 5-year average14.03x
P/B, 5-year average1.54x
Profitability
Operating margin (excl. other income)-12.48%
Operating margin (incl. other income)-21.19%
EBITDA margin-21.19%
Pre-tax margin-26.22%
Net profit margin-15.89%
ROE-55.98%
ROCE-29.77%
ROA-13.21%
ROE, 3-year average-41.62%
ROCE, 3-year average-18.78%
ROA, 3-year average-8.66%
ROE, 5-year average-24.90%
ROCE, 5-year average-9.81%
ROA, 5-year average-5.55%
ROIC (approx.)-71.00%
Tax rate-0.85%
Other income / net worth-29.10%
Growth
Sales growth (latest year)16.51%
Sales CAGR, 3 years-12.67%
Sales CAGR, 5 years29.89%
Per share
EPS (TTM)Rs -18.50
EPS (latest year)Rs -18.50
EPS, 3-year averageRs -14.94
EPS, 5-year averageRs -8.92
Book value per shareRs 34.84
Sales per shareRs 116.41
Cash flow per shareRs 96.99
Free cash flow per shareRs 153.96
Efficiency
Asset turnover1.54x
Fixed asset turnover6.51x
Debtor days54 days
Debtors turnover6.77x
Cash conversion cycle54 days
Working capital days66 days
Leverage
Total debtRs 7 Cr
Cash and bankRs 3 Cr
Net debtRs 4 Cr
Debt to equity0.21x
Interest coverage-9.38x
Owners' fund to total sources46.12%
Debt to assets9.74%
Cash flow
Cash from Operating Activity (latest year)Rs 97 Cr
Cash from Investing Activity (latest year)Rs 29 Cr
Cash from Financing Activity (latest year)Rs -125 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 154 Cr
FCFE (approx.: FCF + change in debt)Rs 49 Cr
Sales to cash flow1.20x
Statement figures
Net sales (TTM)Rs 116 Cr
Net sales (latest year)Rs 116 Cr
Operating profit excl. other income (latest year)Rs -15 Cr
Other income (TTM)Rs -10 Cr
EBITDA (TTM)Rs -25 Cr
PBDT (TTM)Rs -28 Cr
Profit before tax (TTM)Rs -31 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -18 Cr
Net profit (latest year)Rs -18 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 39 Cr
Total expenditure (latest year)Rs 131 Cr
Total income (latest year)Rs 106 Cr
Share capitalRs 10 Cr
ReservesRs 25 Cr
Shareholders' fundsRs 35 Cr
Total assetsRs 76 Cr
Net blockRs 18 Cr
InvestmentsRs 27 Cr
ReceivablesRs 17 Cr
Other liabilitiesRs 33 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding47.78% (+0.07 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.15 is at the 53th percentile (median 1.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | CADSYS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.5% | -2.8% | -6.7 pts |
| 1 month | -42.2% | -6.8% | -35.4 pts |
| 3 months | -17.0% | -7.6% | -9.4 pts |
| 6 months | -43.0% | +0.4% | -43.4 pts |
| 1 year | -50.1% | -9.9% | -40.2 pts |
| 2 years | -82.9% | -13.6% | -69.4 pts |
| 3 years | -77.9% | +14.2% | -92.1 pts |
| 5 years | +53.5% | +27.9% | +25.6 pts |
Red flags
F-score 6 of 8| explain | Share dilution Share count up 0% in a year, 33% in three |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹47 Cr -56.1% vs Mar 2024.
Net loss ₹9 Cr.
Against our estimate for Mar 2026: sales +49.5%, profit -10.4% in line.
Activity
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| We Win Ltd | 48 | 10.7 | 10.9 % |
| Informed Technologies India Ltd | 33 | 29.0 | -0.32 % |
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| Platinumone Business Services Ltd | 24 | 35.0 | 13.4 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 daysLoss makingMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Cadsys (India) Ltd?
Cadsys (India) Ltd (CADSYS) has a market capitalisation of Rs 41.6 Cr. at the 2026-09-30 close.
What were Cadsys (India) Ltd's latest quarterly results?
In the Mar 2026 quarter, Cadsys (India) Ltd sales was Rs 47 Cr (-56.1% vs Mar 2024) with a net loss of Rs 9 Cr.
What is the 52-week high and low of Cadsys (India) Ltd?
The 52-week high is Rs 74.40 and the 52-week low is Rs 35.60.