---
title: "Sahana Systems Ltd (SAHANA) — Share Price, Financials & Analysis"
symbol: "SAHANA"
company: "Sahana Systems Ltd"
canonical: "https://tapetide.com/stocks/SAHANA"
isin: "INE0LEX01011"
nse_symbol: "SAHANA"
sector: "Information Technology"
industry: "IT - Services"
market_cap_cr: 962.89
generated_at: "2026-09-13T21:13:48.841Z"
---

# Sahana Systems Ltd (SAHANA)

Canonical page: https://tapetide.com/stocks/SAHANA

## Company

- **NSE Symbol:** SAHANA
- **ISIN:** INE0LEX01011
- **Sector:** Information Technology
- **Industry:** IT - Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2023-06-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sahanasystem.com

## About

Incorporated in 2012, Sahana System 
Ltd is in the business of IT services, Digital Marketing, Software Development, and trading of Computer Hardware[1]

## Latest Price

- **Price:** ₹904.45
- **Change:** -0.9 (-0.1%)
- **Open:** ₹905.4
- **Day High:** ₹914
- **Day Low:** ₹898
- **Previous Close:** ₹905.35
- **Volume:** 13950
- **As Of:** 2026-09-11T10:01:38+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:42.136005Z.

- **Market Cap:** ₹962.89 Cr
- **Classification:** SME
- **P/E (reported):** 12.8
- **Book Value:** ₹237.83
- **Price to Book:** 3.81
- **Dividend Yield:** 0.11%
- **ROE:** 20.83%
- **ROCE:** 30.01%
- **Debt to Equity:** 0.07
- **Revenue (yearly):** ₹331.15 Cr
- **Net Income:** ₹73.93 Cr
- **EBITDA:** ₹99.75 Cr
- **52-Week High:** ₹1046.65
- **52-Week Low:** ₹570.85
- **RSI (14):** 59.8

## Tapetide Score

- **Score:** 65 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Flat
- **Percentile:** 96.7 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 54.48 | 9% |
| growth | 98.9 | 9% |
| momentum | 51.48 | 12% |
| ownership | 67.14 | 24% |
| quality | 72.73 | 22% |
| valuation | 56.31 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%
- Debtor days have improved from 135 to 106 days.

### Weaknesses

- Promoter holding has decreased over last 3 years: -5.57%
- Working capital days have increased from 101 days to 149 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -241.04% | — | -741.25% |
| ebitda margin growth | -13.89% | -12.92% | — |
| net income growth | 88.6% | 122% | — |
| revenue growth | 95.72% | 139% | — |
| roce | -27.11% | -66.62% | — |
| roe | -35.51% | 37.27% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 7 | 17 | 24 | 45 | 53 | 115 | 114 | 217 |
| Expenses | 5 | 9 | 18 | 28 | 33 | 78 | 76 | 155 |
| Operating Profit | 2 | 8 | 6 | 17 | 20 | 36 | 38 | 62 |
| OPM % | 30 | 44 | 26 | 38 | 38 | 32 | 33 | 29 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 4 |
| Profit before tax | 2 | 7 | 6 | 17 | 19 | 37 | 38 | 61 |
| Tax % | 0 | 38 | 25 | 20 | 27 | 31 | 26 | 22 |
| Net Profit | 2 | 4 | 5 | 14 | 14 | 25 | 28 | 47 |
| EPS in Rs | 2.62 | 6.13 | 4.43 | 13.42 | 13.48 | 33.46 | 26.1 | 40.69 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 24 | 69 | 167 | 331 |
| Expenses | 14 | 46 | 111 | 231 |
| Operating Profit | 10 | 23 | 56 | 100 |
| OPM % | 40 | 34 | 34 | 30 |
| Other Income | 0 | 0 | 2 | 7 |
| Interest | 1 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 1 | 7 |
| Profit before tax | 9 | 23 | 56 | 98 |
| Tax % | 30 | 21 | 30 | 24 |
| Net Profit | 6 | 18 | 39 | 75 |
| EPS in Rs | 8.75 | 17.85 | 33.46 | 64.03 |
| Dividend Payout % | 0 | 0 | 0 | 1 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 6 | 8 | 9 | 9 |
| Reserves | 5 | 48 | 167 | 243 |
| Borrowings | 5 | 13 | 12 | 18 |
| Other Liabilities | 9 | 27 | 60 | 116 |
| Total Liabilities | 24 | 96 | 248 | 386 |
| Fixed Assets | 0 | 13 | 37 | 58 |
| CWIP | 1 | 14 | 17 | 36 |
| Investments | 0 | 8 | 21 | 19 |
| Other Assets | 23 | 61 | 173 | 273 |
| Total Assets | 24 | 96 | 248 | 386 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 34 | -48 | 41 |
| Cash from Investing Activity | 0 | -22 | -35 | -71 |
| Cash from Financing Activity | -3 | 13 | 79 | 25 |
| Net Cash Flow | -2 | 26 | -4 | -5 |
| Free Cash Flow | 1 | 20 | -61 | -6 |
| CFO/OP | 37 | 126 | -69 | 55 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 109 | 106 | 193 | 106 |
| Cash Conversion Cycle | 109 | 106 | 193 | 106 |
| Working Capital Days | 144 | -27 | 181 | 149 |
| ROCE % | — | 55 | 42 | 40 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.88% | 62.88% | 62.88% | 62.88% | 61.05% | 58% | 57.15% | 57.19% | 57.3% | 57.31% | 57.31% | 57.31% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.18% | 0.7% | 0.96% |
| DIIs | 0% | 0.6% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.6% | 0.59% | 0.6% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 32.19% | 32.83% | 31.34% | 31.6% | 33.26% | 36.95% | 37.85% | 35.47% | 35.76% | 36.16% | 28.7% | 29.09% |
| Others | 4.93% | 3.69% | 5.78% | 5.52% | 5.69% | 5.05% | 5% | 7.34% | 6.94% | 5.76% | 12.71% | 12.05% |
| No. of Shareholders | 447 | 890 | 1264 | 1478 | 1777 | 2857 | 3209 | 3116 | 3280 | 3381 | 3154 | 3382 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 912.85 | Sell |
| EMA (10) | 905.32 | Sell |
| SMA (20) | 893 | Buy |
| EMA (20) | 895.05 | Buy |
| SMA (50) | 877.85 | Buy |
| EMA (50) | 880.23 | Buy |
| SMA (100) | 859.67 | Buy |
| EMA (100) | 882.19 | Buy |
| SMA (200) | 890.34 | Buy |
| EMA (200) | 937.67 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.53 | Neutral |
| MACD (12,26,9) | 13.35 | Sell |
| Stochastic (14,3,3) | 50.07 | Neutral |
| ADX (14) | 15.19 | Neutral |
| Williams %R (14) | -67.38 | Neutral |
| ATR (14) | 30.28 | High Volatility |
| ROC (12) | -3.93 | Sell |
| Stoch RSI (14) | 21.76 | Neutral |
| UO (7,14,28) | 38.99 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Newspaper publication of 6th AGM notice, dividend record date and e-voting information published on September 8, 2026. | [Copy of Newspaper Publication 8 Sep - Newspaper publication of 6th AGM notice, dividend record date and e-voting information published on September 8, 2026.](https://nsearchives.nseindia.com/corporate/SAHANA_08092026163445_Advt_Noticeof6thAGM_SSL-CoveringLetter.pdf) |
| 7 Sep - Notice of 6th AGM on Sept 30, 2026; ₹1 final dividend and several related-party approvals. | [Shareholders meeting 7 Sep - Notice of 6th AGM on Sept 30, 2026; ₹1 final dividend and several related-party approvals.](https://nsearchives.nseindia.com/corporate/SAHANA_07092026215232_Notice_6thAGM_SSL.pdf) |
| 7 Sep - Board approved internal auditor, secretarial auditor appointments and revised AGM notice on September 7, 2026. | [Outcome of Board Meeting 7 Sep - Board approved internal auditor, secretarial auditor appointments and revised AGM notice on September 7, 2026.](https://nsearchives.nseindia.com/corporate/SAHANA_07092026162420_BM_Outcome_SSL_070926_Signed.pdf) |
| 7 Sep - Board appointed internal auditor for FY27 and secretarial auditor for FY27-31, with AGM approval pending. | [General Updates 7 Sep - Board appointed internal auditor for FY27 and secretarial auditor for FY27-31, with AGM approval pending.](https://nsearchives.nseindia.com/corporate/SAHANA_07092026163045_BM_Outcome_SSL_070926_Signed.pdf) |
| 7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no dematerialisation cases. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no dematerialisation cases.](https://nsearchives.nseindia.com/corporate/SAHANA_07072026183425_CoveringLetteralonwithCertificate.pdf) |
| 6 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no shares dematerialised. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no shares dematerialised.](https://nsearchives.nseindia.com/corporate/SAHANA_06042026172221_CoveringLetteralongwithCertificateofRTA.pdf) |
| 31 July 2026 - Sahana received provisional LOI for ₹69.51 crore IGAS project from RailTel at Deendayal Port Authority. | [Press Release 31 July 2026 - Sahana received provisional LOI for ₹69.51 crore IGAS project from RailTel at Deendayal Port Authority.](https://nsearchives.nseindia.com/corporate/SAHANA_31072026104623_SSLPressRelease.pdf) |
| 30 May 2026 - Company filed March 31, 2026 warrant proceeds statement; ₹5.74 crore utilized, no deviation. | [Statement of deviation(s) or variation(s) under Reg. 32 30 May 2026 - Company filed March 31, 2026 warrant proceeds statement; ₹5.74 crore utilized, no deviation.](https://nsearchives.nseindia.com/corporate/SAHANA_30052026222816_SoDforNSE300526.pdf) |
| 30 May 2026 - Board approved FY26 audited results, recommended Rs 1 final dividend, and confirmed clean audit opinion. | [Dividend 30 May 2026 - Board approved FY26 audited results, recommended Rs 1 final dividend, and confirmed clean audit opinion.](https://nsearchives.nseindia.com/corporate/SAHANA_30052026224136_BoDM_Outcome_30052026.pdf) |
| 30 May 2026 - Board approved FY26 audited results, recommended 10% dividend, and reported no deviation in warrant use. | [Integrated Filing- Financial 30 May 2026 - Board approved FY26 audited results, recommended 10% dividend, and reported no deviation in warrant use.](https://nsearchives.nseindia.com/corporate/SAHANA_30052026222417_BoDM_Outcome_30052026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31812_SAHANA_2025_2026_A_4172847_07092026215853.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28325_SAHANA_2024_2025_A_9320167_03092025184521.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26030_SAHANA_2023_2024_06092024182922.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23152_SAHANA_2022_2023_31082023182742_08312023190034.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SAHANA_24112025191330_TranscriptLetterforNSE.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SAHANA_25112024195823_Transcript_sahana_merged.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T21:13:48.841Z.