Investor presentationSep 2026
Sep 2026 · PPT
Source: Nse
Sahasra Electronic Solutions Ltd. (SAHASRA)
SME CapIndustrials stocks · SME cap · NSE
Sahasra Electronic Solutions is an Indian electronics manufacturer with 7 sites and 9 sales offices, offering EMS, PCB fabrication, memory solutions, and IT hardware. It also operates India's first operational OSAT facility for wafer processing, IC packaging, and testing, serving diverse sectors including automotive, medical, and defense.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result01 Jun, 07:57 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
59NeutralSMA20 +41.7% / mo · MACD −
Stock trend: 64
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SAHASRAD candles · FIT view+57.1%Latest close ₹420.05 on 2026-10-19
Bar
-5.0%
RSI
50
MACD hist
-7.38
52W pos
69%
2026-10-19O ₹442.10H ₹454.95L ₹418.00C ₹420.05Vol 61,200 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SAHASRANifty India ManufacturingNifty 500
- SAHASRA
- +29.0%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +34.6 pp
Chart stats
19 Oct 2026- From 52W high
- -19.5%
- 52W range position
- 69%
- ATR (14)
- 6.5%
- Volume vs 20D
- 0.50x
- Avg traded value
- ₹5.4 Cr
- 20D price channel
- ₹347 - ₹521.8
₹521.8
₹188.4 - ₹521.8
₹27.2
Latest completed session
20-session average
68.4% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED18
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral59
Price trend and sector-relative-strength timing.
Valuation
Legacy model-900.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence58
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹78 Cr | NDF | +27.9% |
| EBITDA | ₹8 Cr | NDF | -27.3% |
| Operating margin | 10.0% | NDF | -700 bps |
| PAT | ₹6 Cr | NDF | +0.0% |
| PAT margin | 7.7% | NDF | -215 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 88.20
- P/B
- 5.32
- EV/EBITDA
- 48.85
- Market Cap
- 1252.00Cr
Profitability
- ROE
- 6.22%
- ROCE
- 6.04%
- ROA
- 3.18%
- Dividend Y
- 0.20%
Growth (CAGR)
- Revenue 5Y
- 44.79%
- EPS 5Y
- —
- Revenue 3Y
- 44.79%
- EPS 3Y
- —
Balance Sheet
- Debt/Equity
- 0.29
- Interest Coverage
- 3.60×
- Altman Z
- 6.82
- Book Value
- 94.10
Cash Flow
- FCF Yield
- 0.56%
- FCF Positive Y
- 1/5
- OCF
- -10.00 Cr
- EPS TTM
- 5.68
Shareholding
- Promoter Hold
- 69.90%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 100%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 78.0+27.9% vs prev
Net Profit
₹ CrLatest: 6.0+0.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 50. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~29.4% over last month) — short-term momentum positive.
- RSI(14) at 50 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 19% off 52W high · 123% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
91
RS percentile
Stage 2 UptrendEstablished S2
1M return
+25.0%
3M return
+29.0%
6M return
+52.2%
1Y return
+60.4%
RS 1D
0
RS 20D
+18
Sector rank
#2
Industry rank
#25
Stage evidence
- Price is 31.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +9.2%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
11 Sept 2026
S2 age
25 trading sessions
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 141.25-3.23%
RS vs Nifty 500141
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth8/25
Quality0/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
5/9 (+3)
Penalties
-1
Raw sum
18
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
18/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 8/15 to the score.
- Growth contributes 8/25 to the score.
- Valuation contributes 0/30 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -900.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
88.2
PB
5.3
EV/EBITDA
48.9
ROE
6.2%
ROCE
6.0%
FCF Yield
0.6%
Debt/Equity
0.3
MoS
-900.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
18
Previous: 18
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-900.7%
Previous: -900.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
18
18
18
18
18
18
18
18
18
18
18
18
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹109.66
-283.0% MoS
Growth-justified P/E
7.4
Growth-justified Value
₹41.98
-900.7% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VINYAS
SME
Vinyas Innovative Technologies Ltd.
Electronics Manufacturing Services
match 85
28
56.7
12.9%
-69%
OVERVALUED
AIMTRON
SME
Aimtron Electronics Ltd.
Electronics Manufacturing Services
match 70
47
81.2
23.6%
-94%
FAIR VALUE
CYIENTDLM
Small
Cyient DLM Limited
Electronics Manufacturing Services
match 65
34
85.1
7.5%
-80%
WATCHLIST
AVALON
Micro
Avalon Technologies Limited
Electronics Manufacturing Services
match 64
43
99.4
16.5%
-157%
WATCHLIST
DIXON
Mid
Dixon Technologies (India) Limited
Electronics Manufacturing Services
match 63
50
41.3
18.9%
+0%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-16T07:27:29.210Z
Management commentary snapshot
FY26 consolidated revenue grew 45% YoY to INR 138.8 cr, with PAT surging 617% YoY to INR 12.1 cr. Q1 FY27 consolidated revenue jumped 117.4% YoY to INR 47.9 cr, driven by strong EMS and Memory Solutions performance.
The company is demonstrating robust growth, particularly in EMS and Memory Solutions, and is strategically expanding into the high-value semiconductor OSAT segment. The planned merger and significant capex for semiconductor expansion indicate a clear growth trajectory. However, the low utilization rates in EMS units and the ambitious revenue target post-merger warrant close monitoring of execution and ramp-up.
Current business mix
Revenue contribution by segment (FY26)
Latest issuer-disclosed distribution across 4 reported categories.
EMS66.0%
Memory solutions18.9%
Semiconductor11.3%
Computer and IT accessories3.8%
Growth engines
Semiconductor OSAT
PositiveSahasra Semiconductors is INDIA’s First Operational OSAT. Entry into semiconductor packaging through subsidiary acquisition. Investing ₹200 cr in semiconductor expansion.
NAND Flash Memory Production
PositiveMajority focus towards NAND Flash Memory production with demand being at all time high due to the Memory Super Cycle as AI demand expands.
Diversification into High-Growth Segments
PositiveExpanding portfolio across PCBA, IT hardware, memory and semiconductor-linked products. Increasing focus on products with higher growth and profitability potential, including IOT, enterprise computing and IP-led solutions.
Make In India Initiative
PositiveForay into Laptop & Tablet under “Make In India” Initiative. India pivot is contributing to 45% of revenue mitigating global market risks.
Capacity and execution
Bhiwadi Semiconductor Unit Inauguration
PositiveSahasra Semiconductors Pvt Limited, Bhiwadi Unit inaugurated by Hon’ble Chief Minister of Rajasthan... on May 15, 2026.
New SMT Lines at Bhiwadi EMS
PositiveTwo new SMT lines have been installed at the Bhiwadi EMS Facility.
SESL Box Build & Coating Lines
Positive2 more lines installed at SESL including box build and coating line.
Semiconductor Expansion Investment
PositiveInvesting ₹200 cr in semiconductor expansion.
Tailwinds
Memory Super Cycle & AI Demand
PositiveMajority focus towards NAND Flash Memory production with demand being at all time high due to the Memory Super Cycle as AI demand expands.
Government Support for Semiconductors
PositiveWe are applying to ISM 2.0 and Rajasthan Semiconductor Policy 2026.
Make In India Initiative
PositiveForay into Laptop & Tablet under “Make In India” Initiative. India pivot is contributing to 45% of revenue mitigating global market risks.
Risk radar
Low EMS Capacity Utilization
ConcernUnit 1 Noida (EMS) 2026 utilization 22.5%, Unit 2 Bhiwadi (EMS) 2026 utilization 6.1%.
Global Market Risks
ConcernStrengthening risk management through diversification of product portfolio and expansion of client base across geographies. India pivot is contributing to 45% of revenue mitigating global market risks.
Execution of New Projects/Merger
ConcernTargeting consolidated revenue of ₹325 cr by FY2027 post merger. Investing ₹200 cr in semiconductor expansion.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for assessing overall growth and the impact of strategic shifts over time, especially for a growing company. QoQ is important to track sequential momentum, particularly with new capacity additions, facility inaugurations, and the stated 60% QoQ revenue increase in Q1 FY27.
Sector KPIs management disclosed
Revenue Growth (FY26)
PositiveRevenue grew by 45% YoY in FY26 to INR 138.8 cr
PAT Growth (FY26)
PositivePAT grew by 617% YoY in FY26 to INR 12.1 cr with margins at 8.7%
Consolidated Revenue Growth (Q1 FY27)
PositiveConsolidated Q1 FY27 Revenue 47.90 cr vs Q1 FY26 Revenue 22.03 cr (+117.4% YoY). The revenue showed an increase of around 60% QoQ.
EBITDA Margin (FY26)
NeutralEBITDA was INR 18.2 cr in FY26 with margins at 13.1%
Management forward view
FY27 Revenue Target
PositiveTargeting consolidated revenue of ₹325 cr by FY2027 post merger.
ODM Ambition
PositiveAiming to establish Sahasra as an Original Design Manufacturer (ODM) in IT hardware and memory domain with in-house substrate design capabilities.
Investment in R&D and Expansion
PositiveInvesting ₹200 cr in semiconductor expansion and ₹50 cr in R&D to build high-value IP and future capabilities.
Strategic Merger Rationale
PositiveConsolidate complementary electronics manufacturing, PCB & skilling operations under a single listed entity. Eliminate duplication of functions; optimise financial & operational resources.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Consolidated Revenue (FY27) | Q1 FY27 Consolidated Revenue: INR 47.90 cr. FY26 Consolidated Revenue: INR 138.8 cr. | Progress towards the FY27 target of INR 325 cr, especially post-merger. |
| EMS Capacity Utilization | Noida 22.5%, Bhiwadi 6.1% (2026). | Improvement in utilization rates of EMS facilities as new lines are installed and large-scale manufacturing targets are pursued. |
| Semiconductor Project Timelines | MicroSD (Oct 2024), eSIM IC (Feb 2025), LED Driver IC (Jun 2025), RFID IC (Jan 2026) in production. COB/UDP trial production Q1-2026. | Timely ramp-up and mass production of new semiconductor packages (e.g., COB/UDP, eMMC/eSSD) and progress on the package roadmap. |
| Order Book Growth | INR 93 cr (Q1 FY27 consolidated). | Growth in order book and its conversion into revenue, especially for the newly inaugurated semiconductor unit and expanded EMS facilities. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
58Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 22nd percentile of the scored universe and 18th percentile within Industrials. Main check: cash conversion is weak at 38/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
22nd percentile
overall median 67 · Industrials: 18th pctile, median 68 · SME: 24th pctile, median 64
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
38
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
40
weak · capital discipline
Results
45
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 69.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.9%.
Trust risks
- ▸Operating cash flow is negative at ₹-10 Cr.
- ▸Only 1 years of positive FCF.
- ▸ROCE is low at 6%.
- ▸ROE is low at 6.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sahasra Electronic Solutions Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
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All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.