---
title: "Sancode Technologies Ltd (543897) — Share Price, Financials & Analysis"
symbol: "543897"
company: "Sancode Technologies Ltd"
canonical: "https://tapetide.com/stocks/543897"
isin: "INE0P7001013"
nse_symbol: "SANCODETECHNOLOGIESLTD"
bse_code: "543897"
sector: "Information Technology"
industry: "IT Enabled Services"
market_cap_cr: 495.2
generated_at: "2026-09-13T20:13:03.368Z"
---

# Sancode Technologies Ltd (543897)

Canonical page: https://tapetide.com/stocks/543897

## Company

- **NSE Symbol:** SANCODETECHNOLOGIESLTD
- **BSE Code:** 543897
- **ISIN:** INE0P7001013
- **Sector:** Information Technology
- **Industry:** IT Enabled Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2023-04-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sancodetech.com

## About

Incorporated in 2016, Sancode Technologies Ltd provides technology development and technical/management consultancy services[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:38:21.730086Z.

- **Market Cap:** ₹495.2 Cr
- **Classification:** SME
- **P/E (reported):** 1021.8
- **EPS (reported):** ₹0
- **Book Value:** ₹68.77
- **Price to Book:** 9.66
- **Dividend Yield:** 0%
- **ROE:** 15.32%
- **ROCE:** 7.33%
- **Debt to Equity:** 0.24
- **Revenue (yearly):** ₹15.76 Cr
- **Net Income:** ₹0.48 Cr
- **EBITDA:** ₹0.48 Cr
- **52-Week High:** ₹664.2
- **52-Week Low:** ₹89.35
- **RSI (14):** 99.06

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 69.2 days to 53.5 days

### Weaknesses

- Stock is trading at 36.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -6.98%
- Company has a low return on equity of -6.54% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 9.39% | -434.67% | -53.99% |
| ebitda margin growth | -0.9% | -24.31% | -108.88% | -81.83% |
| net income growth | -1% | -40% | 16% | 51% |
| revenue growth | 5.8% | 10.99% | 117% | 59% |
| roce | 0% | -128.85% | 655.67% | 6.63% |
| roe | 0% | -154.06% | 0.91% | -2.73% |

## 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 | 1.42 | 0.13 | 0.84 | 3.91 | 5.76 | 8.05 | 7.46 | 8.3 |
| Expenses | 0.65 | 1.21 | 1.89 | 4.6 | 6.72 | 6.95 | 7.68 | 7.59 |
| Operating Profit | 0.77 | -1.08 | -1.05 | -0.69 | -0.96 | 1.1 | -0.22 | 0.71 |
| OPM % | 54.23 | -830.77 | -125 | -17.65 | -16.67 | 13.66 | -2.95 | 8.55 |
| Other Income | 0.38 | 0.02 | 0 | 0.09 | 0.05 | 0.38 | 0.01 | 0.09 |
| Interest | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0.01 |
| Depreciation | 0 | 0 | 0 | 0.02 | 0.05 | 0.04 | 0.03 | 0.03 |
| Profit before tax | 1.15 | -1.06 | -1.06 | -0.63 | -0.97 | 1.44 | -0.24 | 0.76 |
| Tax % | 21.74 | -44.34 | 0 | 9.52 | 0 | -26.39 | -54.17 | 22.37 |
| Net Profit | 0.66 | -0.58 | -1.06 | -0.69 | -0.96 | 1.82 | -0.11 | 0.59 |
| EPS in Rs | 30.46 | -1.95 | -2.83 | -2.06 | -1.23 | 2.46 | 0.27 | 0.88 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.13 | 1.56 | 2.44 | 1.55 | 4.76 | 13.81 | 15.76 |
| Expenses | 1.89 | 1.88 | 2.04 | 1.86 | 6.5 | 13.67 | 15.27 |
| Operating Profit | -1.76 | -0.32 | 0.4 | -0.31 | -1.74 | 0.14 | 0.49 |
| OPM % | -1353.85 | -20.51 | 16.39 | -20 | -36.55 | 1.01 | 3.11 |
| Other Income | 0.3 | 0.04 | 0.66 | 0.34 | 0.09 | 0.43 | 0.11 |
| Interest | 0 | 0 | 0 | 0.01 | 0.02 | 0.01 | 0.02 |
| Depreciation | 0.01 | 0.01 | 0 | 0 | 0.02 | 0.09 | 0.06 |
| Profit before tax | -1.47 | -0.29 | 1.06 | 0.02 | -1.69 | 0.47 | 0.52 |
| Tax % | -23.13 | -10.34 | 0.94 | -2350 | 3.55 | -80.85 | 7.69 |
| Net Profit | -1.13 | -0.05 | 1.05 | 0.5 | -1.75 | 0.85 | 0.48 |
| EPS in Rs | -52.15 | -2.31 | 40.15 | 1.85 | -4.89 | 1.2 | 1.16 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.22 | 0.22 | 0.22 | 2.97 | 4.07 | 4.07 | 4.07 |
| Reserves | 1.98 | 2.01 | 2.02 | 0.06 | 1.74 | 1.47 | 3.56 |
| Borrowings | 0.01 | 0.65 | 0.16 | 0.06 | 0.38 | 1.46 | 1.85 |
| Other Liabilities | 1.09 | 0.26 | 0.42 | 0.35 | 1.47 | 1.31 | 0.88 |
| Total Liabilities | 3.3 | 3.14 | 2.82 | 3.44 | 7.66 | 8.31 | 10.36 |
| Fixed Assets | 0.04 | 0.02 | 0.02 | 0.02 | 0.19 | 0.19 | 0.15 |
| CWIP | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Investments | 0.1 | 0.09 | 0.15 | 0.01 | 1.68 | 1.21 | 1.37 |
| Other Assets | 3.16 | 3.03 | 2.65 | 3.4 | 5.79 | 6.91 | 8.84 |
| Total Assets | 3.3 | 3.14 | 2.82 | 3.44 | 7.66 | 8.31 | 10.36 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.4 | -1.63 | 0.17 | 0.75 | -2.77 | -2.51 | 0.12 |
| Cash from Investing Activity | -0.09 | 0.39 | -0.05 | 0.13 | -1.83 | 0.87 | -0.15 |
| Cash from Financing Activity | 2.77 | 0.63 | -0.49 | -0.1 | 5.04 | 1.08 | 1.85 |
| Net Cash Flow | 1.28 | -0.61 | -0.37 | 0.78 | 0.44 | -0.56 | 1.82 |
| Free Cash Flow | -1.41 | -1.63 | 0.17 | 0.74 | -2.95 | -2.52 | 0.11 |
| CFO/OP | 81 | 509 | 42 | -229 | 157 | -1793 | 24 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1628.46 | 271.41 | 281.23 | 211.94 | 26.84 | 9.51 | 9.03 |
| Cash Conversion Cycle | 1628.46 | 271.41 | 281.23 | 211.94 | 26.84 | 9.51 | 9.03 |
| Working Capital Days | -814.23 | 250.35 | 270.76 | 280.23 | 104.29 | 49.95 | 53.5 |
| ROCE % | — | -12.4 | 14.44 | -7.56 | -35.31 | 7.07 | 6.56 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 97.47% | 71.24% | 71.53% | 71.53% | 72.56% | 72.56% | 72.56% | 65.58% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12.87% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 22.5% | 21.76% | 21.65% | 20.1% | 20.14% | 20.62% | 16.14% |
| Others | 2.53% | 6.27% | 6.71% | 6.82% | 7.34% | 7.3% | 6.82% | 5.42% |
| No. of Shareholders | 9 | 218 | 244 | 268 | 240 | 237 | 208 | 201 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 620.81 | Buy |
| EMA (10) | 623.24 | Buy |
| SMA (20) | 568.12 | Buy |
| EMA (20) | 573.79 | Buy |
| SMA (50) | 440.07 | Buy |
| EMA (50) | 469.03 | Buy |
| SMA (100) | 333.71 | Buy |
| EMA (100) | 371.45 | Buy |
| SMA (200) | 228.69 | Buy |
| EMA (200) | 274.19 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 99.15 | Sell |
| MACD (12,26,9) | 64.48 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 89.44 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 10.53 | Neutral |
| ROC (12) | 26.74 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 99.88 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75c4e9b2-c9cc-489b-a735-08a56c8bd542.pdf) |
| 2026-09-08 | [Notice Of Annual General Meeting Scheduled On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc79ce18-729e-417f-8795-91c433002430.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b85eb10a-3eef-4228-b77c-8da557b867e2.pdf) |
| 2026-09-07 | [Disclosure Under Regulation 30 For Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fecdc5d5-74bc-49ef-91ab-17b9f8df80a0.pdf) |
| 2026-09-04 | [Board Meeting Outcome for For Meeting Held On 4Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=849fefc1-40c1-4a10-829b-00ec4ed6abd2.pdf) |
| 2026-08-03 | [Announcement Under Regulation 30 (LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9097dc2e-3cf5-406e-af43-3eba9359252f.pdf) |
| 2026-07-30 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=246637A2_2997_4935_A9D1_13059520DAAC_130145.pdf) |
| 2026-07-29 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9FAB2409_F031_4D48_A80C_7FB20B8D4A6C_102156.pdf) |
| 2026-07-29 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7CAFC8A7_4558_4F69_B735_25CDBAAEEAEB_104126.pdf) |
| 2026-07-24 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=743ac3e2-b06d-4da5-9801-35af62d11cd4.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Financial Result For Financial Year Ended On 31-03-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1298626-7c40-41f3-bd1f-d0789498c5c8.pdf) |
| 2025-11-15 | [Standalone And Consolidated Financial Result For Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=798ea592-9755-4c50-af5f-081b069bf4f0.pdf) |
| 2025-05-31 | [Financial Result For The Period Ended On 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82aefe0f-e3ce-49f1-a414-86b95775700b.pdf) |
| 2024-11-14 | [Financial Results 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c01f38e5-2731-45ce-b206-b5bf9cd1971f.pdf) |
| 2024-05-31 | [Financial Results 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4222652d-52b5-48fd-99e5-d9b089417581.pdf) |
| 2023-12-09 | [Revised Financial Results For The Half Year Ended September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c75e1dff-78bb-4126-9df6-de82ee693f36.pdf) |
| 2023-11-14 | [Financial Results 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c82198c8-4cbf-4624-9f9d-8230daec92fc.pdf) |
| 2023-08-14 | [Result - Financial Result For The Quarter Ended On 30Th June, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=664d49b0-3a64-41c5-a6f3-faedd91eb08d.pdf) |
| 2023-05-29 | [Board Meeting Outcome for Outcome Of Board Meeting Of Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=200b63c0-b9fe-4daf-9d23-08c9c4af9a59.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Company hereby submits newspaper publication of the Unaudited Financial Results for the quarter and nine months ended 31st December 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb - Company hereby submits newspaper publication of the Unaudited Financial Results for the quarter and nine months ended 31st December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/959cd0c3-7142-497d-950b-8d677b41caee.pdf) |
| 5 Jan - Company hereby submits certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December 2025 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Jan - Company hereby submits certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/208434d1-6501-46b2-8403-7491ec03cb27.pdf) |
| 5 Feb - Board approved Q3 & 9M results: 9M loss before tax INR 6,048m; negative net worth INR 9,483m. | [Board Meeting Outcome for Board Meeting Outcome For Board Meeting Held On Thursday, 5Th February 2026 5 Feb - Board approved Q3 & 9M results: 9M loss before tax INR 6,048m; negative net worth INR 9,483m.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1abf832-d2a2-4451-bbb4-ba627fec32ed.pdf) |
| 5 Feb - Board approved Q3 (Dec 31, 2025) results: 9M consolidated loss ₹7,191m; negative net worth ₹23,554m. | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended 31St December 2025 5 Feb - Board approved Q3 (Dec 31, 2025) results: 9M consolidated loss ₹7,191m; negative net worth ₹23,554m.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9526cc54-6441-43ba-9a83-df8b7d9f990f.pdf) |
| 4 Mar - Find Attached the Newspaper Advertisement for Extra Ordinary General Meeting of Sancode Technologies Limited for your Reference. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Mar - Find Attached the Newspaper Advertisement for Extra Ordinary General Meeting of Sancode Technologies Limited for your Reference.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc572997-5445-49c3-bc46-b10a3e62558c.pdf) |
| 31 Mar - Trading window closed April 1, 2026 until 48 hours after FY2026 results communication; board meeting date pending. | [Closure of Trading Window 31 Mar - Trading window closed April 1, 2026 until 48 hours after FY2026 results communication; board meeting date pending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/203bd9de-1061-42ac-b43c-667d234baa60.pdf) |
| 3 Feb - In-principal approval for OSAT unit in Khordha; ₹1,650 crore capex; subsidiary Sancode Semi; 02 Feb 2026. | [Announcement Under Regulation 30 (LODR) Regulation, 2015 3 Feb - In-principal approval for OSAT unit in Khordha; ₹1,650 crore capex; subsidiary Sancode Semi; 02 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e699976-ac2e-4535-885c-0484c43596e9.pdf) |
| 2m - Company hereby announces appointment of Mr. Vishesh Kathuria as an Alternate Director to Mr. Charles Cheau Loo Leong. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulation, 2015 2m - Company hereby announces appointment of Mr. Vishesh Kathuria as an Alternate Director to Mr. Charles Cheau Loo Leong.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bf1ec9ca-9cbe-4f0a-b6de-094670377476.pdf) |
| 27 Mar - EGM (25 Mar 2026) approved increase in authorised capital, up to 2,325,582 preferential warrants, RPT and Sections 185/186 approvals. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 27 Mar - EGM (25 Mar 2026) approved increase in authorised capital, up to 2,325,582 preferential warrants, RPT and Sections 185/186 approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9665cb7e-38ab-4fa0-ba56-43820c1586ac.pdf) |
| 27 Jan - Board meeting on 5 Feb 2026 to approve unaudited Q3 and nine-month results ended 31 Dec 2025; trading window closed. | [Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025 27 Jan - Board meeting on 5 Feb 2026 to approve unaudited Q3 and nine-month results ended 31 Dec 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c674576b-815b-44a0-a429-ca6f44efff15.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_RENUKA_2010_2012_06072012121209.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7829f879-2c6e-4768-8258-d04a41259270.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dda08d99-c90f-4f8a-9648-2ad8289f1ceb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96f8702f-01d6-4e13-99bb-e30a684c7c2d.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f0dfc04f-77b5-45b1-a187-33e693d00710.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86a63c0b-509f-462f-ba38-e39290d12021.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/831e3eb4-9c98-4435-b6e2-4e71208b6e69.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532670/74708532670.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532670/69435532670.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532670/5326700320.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1760fe2f-a87e-4689-af18-408f7589f236.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78ee8c9a-01e9-43e8-a5cf-429dc02535cb.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 2026-09-13T20:13:03.368Z.