S A Tech Software India Ltd. (SATECH)
SME CapIT stocks · SME cap · NSE
SA Tech, founded in 2012, helps global companies set up and grow Global Capability Centres (GCCs) in India. They provide product engineering, AI consulting, and IT solutions, leveraging advanced AI. The company is CMMI Level 5 certified, focusing on enterprise transformation and global expansion.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust needs verification, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Average · 30/100YoY data unavailable — classification deferred
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹63 Cr | NDF | +26.0% |
| EBITDA | ₹5 Cr | +0.0% | NDF |
| Operating margin | 8.0% | -300 bps | +720 bps |
| PAT | ₹3 Cr | NDF | NDF |
| PAT margin | 4.8% | -136 bps | +676 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
SATECH reported FY26 revenue of ₹112.15 crore and PAT of ₹2.17 crore. H2 FY26 showed significant sequential improvement with Total Income of ₹63.55 crore, EBITDA of ₹6.08 crore, and PAT of ₹2.81 crore, demonstrating stronger performance over H1 FY26.
H2 FY26 demonstrated meaningful sequential improvement across key financial parameters, driven by focused execution and stronger client relationships. The company is strategically expanding its global footprint and strengthening its GCC enablement expertise, positioning it for continued growth into FY27.
Business Model Mix (Current)
Latest issuer-disclosed distribution across 2 reported categories.
GCC Enablement
Strengthened order pipeline across GCC enablement through new client wins and deeper engagement. Enabled Axiado Corporation’s India GCC launch.
Digital Engineering & Cloud Transformation
Strengthened order pipeline across digital engineering, cloud transformation, and data-driven services.
AI-enabled Solutions
Launched SAT Leasing, India’s first AI-enabled IT asset leasing platform. Implementing AI across operations to increase efficiency.
Global Expansion
Expanded global footprint with a strategic presence in New York City. Building sales team for Europe & Middle East.
New York City Office
Expanded global footprint with a strategic presence in New York City to strengthen on-ground engagement with international clients.
Axiado Corporation India GCC
Successfully enabled Axiado Corporation’s India GCC launch in Bengaluru, reinforcing expertise in setting up and scaling GCCs.
Canada Expansion
Global Operations Growth: Canada – Board Approved.
Healthy Demand Visibility
Entering FY27, the Company is positioned on a much stronger foundation with healthy demand visibility.
Expanding Order Book
Entering FY27, the Company is positioned with an expanding order book.
Growing GCC Opportunities
Entering FY27, the Company is positioned with growing GCC opportunities. India GCC market size expected to reach $110B by FY30.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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.
The company explicitly highlights both H2 FY26 performance compared to H1 FY26, indicating sequential momentum, and provides full-year FY26 vs FY25 figures for overall growth trends. Both comparisons are crucial for understanding the business trajectory.
FY26 Revenue
₹11,215.30 Lakhs
FY26 PAT
₹216.74 Lakhs
H2 FY26 Total Income
₹6,354.54 Lakhs
H2 FY26 EBITDA
₹608.14 Lakhs
FY27 Revenue Target
Revenue target of ₹150+ crore for FY27.
FY27 Gross Margin Expectation
Expected Gross Margin of 27-30% for FY27.
Continued H2 Trajectory
Optimistic that the strong H2 trajectory will continue into H1 FY27 and beyond.
Strategic Focus on GCC
Expected model is focusing more on GCC, which has a gross profit margin of 30% and saves on taxes.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| FY27 Revenue | ₹112.15 crore (FY26) | Achievement of ₹150+ crore revenue target. |
| Gross Margin | Not explicitly stated for FY26 | Achievement of 27-30% gross margin in FY27, especially from GCC business. |
| Order Book Growth | Expanding | Continued expansion of order book, particularly in digital engineering, cloud, data, and GCC enablement. |
| GCC Business Contribution | 50% of current business model (Offshore & GCC) | Shift towards a greater focus on GCC business as per expected model. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
57NeutralSMA20 +3.9% / mo · MACD +
Technical chart
SATECHdaily · 1Y · AUTO-11.9%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 61. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~3.8% over last month) — short-term momentum positive.
- RSI(14) at 61 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 35% off 52W high · 27% 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.
Valuation & score drivers
U-Score 13 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 13 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Balance sheet contributes 8/15 to the score.
- Valuation contributes 5/30 to the score.
- Growth contributes 4/25 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Fair-value margin of safety is negative at -7088.2%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
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.
Score history
12 stored score snapshots. Latest stored move: -2 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 20th percentile of the scored universe and 15th percentile within IT. Main check: financial discipline is weak at 40/100.
Mixed Trust Lite: Promoter holding is 69.6%. Key concern: Only 0 years of positive FCF.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · IT: 15th pctile, median 69 · SME: 21st pctile, median 64
8 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead 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.
Trust positives
- ▸Promoter holding is 69.6%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸ROE is low at 5.1%.
- ▸Revenue CAGR is 12% but EPS CAGR is -71.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 24.50
- P/B
- 1.24
- EV/EBITDA
- 9.96
- Market Cap
- 51.70Cr
Profitability
- ROE
- 5.05%
- ROCE
- —
- ROA
- 2.38%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 12.00%
- EPS 5Y
- -71.43%
- Revenue 3Y
- 12.00%
- EPS 3Y
- -71.43%
Balance Sheet
- Debt/Equity
- 0.67
- Interest Coverage
- 3.00×
- Altman Z
- 2.97
- Book Value
- 32.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 11.00 Cr
- EPS TTM
- 1.62
Shareholding
- Promoter Hold
- 69.64%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 28%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable peers in IT — 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.