---
title: "Cadsys (India) Ltd (CADSYS) — Share Price, Financials & Analysis"
symbol: "CADSYS"
company: "Cadsys (India) Ltd"
canonical: "https://tapetide.com/stocks/CADSYS"
isin: "INE090Y01013"
nse_symbol: "CADSYS"
sector: "Commercial Services"
industry: "BPO / KPO"
market_cap_cr: 46.41
generated_at: "2026-09-13T18:46:44.566Z"
---

# Cadsys (India) Ltd (CADSYS)

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

## Company

- **NSE Symbol:** CADSYS
- **ISIN:** INE090Y01013
- **Sector:** Commercial Services
- **Industry:** BPO / KPO
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2017-10-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** cadsystech.com

## About

Incorporated in 1989, Cadsys Ltd undertaking GIS and Engineering design services in various fields.[1]

## Latest Price

- **Price:** ₹44.1
- **Change:** -2.3 (-4.96%)
- **Open:** ₹44.1
- **Day High:** ₹44.1
- **Day Low:** ₹44.1
- **Previous Close:** ₹46.4
- **Volume:** 500
- **As Of:** 2026-09-11T08:25:07+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:15.457772Z.

- **Market Cap:** ₹46.41 Cr
- **Classification:** SME
- **P/E (reported):** -1.5
- **Book Value:** ₹34.84
- **Price to Book:** 1.33
- **Dividend Yield:** 0%
- **ROE:** -106.15%
- **ROCE:** -45.05%
- **Debt to Equity:** 0.2
- **Revenue (yearly):** ₹116.51 Cr
- **Net Income:** ₹-30.69 Cr
- **EBITDA:** ₹-25.89 Cr
- **52-Week High:** ₹74.4
- **52-Week Low:** ₹35.6
- **RSI (14):** 25.38

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-07-29
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 45.8 (of 4271 scored stocks)
- **Confidence:** 90%
- **Data coverage:** 79%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 41.65 | 15% |
| growth | 40.6 | 15% |
| momentum | 71.3 | 15% |
| ownership | 50 | 10% |
| quality | 49.35 | 25% |
| valuation | 55.6 | 20% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 183 to 53.9 days.
- Company's working capital requirements have reduced from 129 days to 65.6 days

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -19.9% over last 3 years.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 87.99% | 85.79% | -163.41% |
| ebitda margin growth | 14.5% | -18.69% | -269.78% | 721.64% |
| net income growth | 7.3% | -55.33% | -320.79% | -13% |
| revenue growth | 108.6% | 13.78% | -13% | 30% |
| roce | — | -417.7% | -676.09% | -6.29% |
| roe | — | — | -28.29% | 906.16% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | -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 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 42 | 45 | 52 | 42 | 31 | 67 | 175 | 215 | 100 | 117 |
| Expenses | 26 | 31 | 34 | 38 | 34 | 70 | 162 | 189 | 129 | 131 |
| Operating Profit | 16 | 14 | 18 | 3 | -2 | -3 | 13 | 26 | -29 | -15 |
| OPM % | 38 | 31 | 34 | 8 | -7 | -3.9 | 7 | 12 | -29 | -13 |
| Other Income | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 3 | -27 | -10 |
| Interest | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 8 | 7 | 3 |
| Depreciation | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 6 | 5 | 3 |
| Profit before tax | 12 | 9 | 15 | 0 | -5 | -4 | 8 | 14 | -68 | -31 |
| Tax % | 10 | 16 | 18 | -367 | 12 | 15 | 5 | 4 | 1 | 1 |
| Net Profit | 11 | 7 | 12 | 0 | -5 | -5 | 7 | 14 | -69 | -31 |
| EPS in Rs | 20.27 | 9.86 | 16.55 | 0.4 | -7.16 | -6.06 | 6.25 | 10.73 | -37.04 | -18.5 |
| Dividend Payout % | 5 | 10 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 10 | 10 |
| Reserves | 24 | 42 | 55 | 49 | 44 | 43 | 43 | 50 | 19 | 25 |
| Borrowings | 17 | 7 | 6 | 13 | 18 | 36 | 81 | 84 | 112 | 7 |
| Other Liabilities | 9 | 4 | 7 | 4 | 4 | 31 | 62 | 105 | 63 | 33 |
| Total Liabilities | 55 | 60 | 75 | 73 | 73 | 117 | 193 | 246 | 205 | 76 |
| Fixed Assets | 16 | 30 | 32 | 33 | 30 | 54 | 79 | 74 | 67 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 7 | 7 | 0 | 2 | 10 | 0 |
| Investments | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 27 |
| Other Assets | 39 | 29 | 42 | 40 | 35 | 55 | 114 | 170 | 127 | 30 |
| Total Assets | 55 | 60 | 75 | 73 | 73 | 117 | 193 | 246 | 205 | 76 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 6 | 14 | -10 | 7 | -2 | -31 | -37 | -4 | 97 |
| Cash from Investing Activity | -13 | -19 | -3 | -8 | -8 | -7 | -19 | -3 | 4 | 29 |
| Cash from Financing Activity | 12 | 0 | -2 | 4 | 4 | 14 | 46 | 38 | -6 | -125 |
| Net Cash Flow | 5 | -13 | 10 | -13 | 4 | 5 | -4 | -2 | -6 | 1 |
| Free Cash Flow | -7 | -12 | 11 | -14 | -1 | -29 | -57 | -40 | -10 | 154 |
| CFO/OP | 52 | 58 | 97 | -286 | -318 | 39 | -241 | -139 | 14 | -662 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 80 | 68 | 79 | 187 | 178 | 145 | 128 | 166 | 329 | 54 |
| Cash Conversion Cycle | 80 | 68 | 79 | 187 | 178 | 145 | 128 | 166 | 329 | 54 |
| Working Capital Days | 16 | 89 | 72 | 200 | 201 | 78 | 105 | 117 | 204 | 66 |
| ROCE % | 40 | 21 | 25 | 0 | -9 | -6 | 9 | 12 | -17 | -14 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.68% | 47.68% | 47.68% | 47.71% | 47.71% | 47.71% | 47.71% | 47.78% | 47.78% | 47.78% | 47.78% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 46.83% | 46.59% | 46.91% | 47.02% | 47.31% | 48.88% | 49.96% | 49.89% | 49.81% | 49.97% | 49.99% |
| Others | 5.49% | 5.73% | 5.41% | 5.28% | 4.99% | 3.41% | 2.33% | 2.33% | 2.41% | 2.25% | 2.23% |
| No. of Shareholders | 479 | 463 | 462 | 443 | 428 | 363 | 680 | 1290 | 964 | 919 | 877 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 1 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 53.28 | Sell |
| EMA (10) | 52.19 | Sell |
| SMA (20) | 61.33 | Sell |
| EMA (20) | 56.76 | Sell |
| SMA (50) | 59.95 | Sell |
| EMA (50) | 58.57 | Sell |
| SMA (100) | 54.77 | Sell |
| EMA (100) | 58.22 | Sell |
| SMA (200) | 58.69 | Sell |
| EMA (200) | 63.9 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 24.9 | Buy |
| MACD (12,26,9) | -4.32 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 35.83 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 3.28 | High Volatility |
| ROC (12) | -34.13 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 9.77 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul - Exchange had sought clarification from Cadsys (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Reply to Clarification- Financial results 8 Jul - Exchange had sought clarification from Cadsys (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://nsearchives.nseindia.com/corporate/CADSYS_25062026215356_CADSYS_INDIA_LIMITEDREPLY25062026.pdf) |
| 7 Feb - Website Temporarily Taken Offline for Preventive Technical Review | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb - Website Temporarily Taken Offline for Preventive Technical Review](https://www.bseindia.com/xml-data/corpfiling/AttachHis/303d8279-d308-4c39-8c83-26ca5961d1ac.pdf) |
| 7 Feb - Website hacked; taken offline Feb 07, 2026 for security review; experts engaged; restoration after verification. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Feb - Website hacked; taken offline Feb 07, 2026 for security review; experts engaged; restoration after verification.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2883bcc4-25ad-40ee-bd23-2e1aa3d9d79d.pdf) |
| 7 Feb - Feb 7 board meeting postponed; Unaudited results for Sep 30, 2025 and Dec 31, 2025 deferred to next week. | [Board Meeting Outcome for Outcome Of Board Meeting Held Today On February 07, 2026. 7 Feb - Feb 7 board meeting postponed; Unaudited results for Sep 30, 2025 and Dec 31, 2025 deferred to next week.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22fb4d52-f2ae-4b3c-aa79-7663140e1b79.pdf) |
| 6 February 2026 - Cadsys (India) Limited has informed regarding Outcome of Board Meeting held on March 29, 2024. | [Outcome of Board Meeting 6 February 2026 - Cadsys (India) Limited has informed regarding Outcome of Board Meeting held on March 29, 2024.](https://nsearchives.nseindia.com/corporate/CADSYS_06022026000732_CADSYS29032024.pdf) |
| 4 Sep - AGM on 28 Sep 2026 to approve FY26 accounts, director reappointment, and RPTs of ₹20 crore and ₹50 crore. | [Shareholders meeting 4 Sep - AGM on 28 Sep 2026 to approve FY26 accounts, director reappointment, and RPTs of ₹20 crore and ₹50 crore.](https://nsearchives.nseindia.com/corporate/CADSYS_04092026173605_Cadsys_34_AGM_Notice_2026.pdf) |
| 4 May 2026 - Cadsys (India) Limited has informed regarding Outcome of Board Meeting held on May 04, 2026. | [Outcome of Board Meeting 4 May 2026 - Cadsys (India) Limited has informed regarding Outcome of Board Meeting held on May 04, 2026.](https://nsearchives.nseindia.com/corporate/CADSYS_04052026115320_CadsysBoardMeeting04052026Outcome01-2026-27.pdf) |
| 30 Jun - Cadsys (India) Limited has informed about General Updates | [General Updates 30 Jun - Cadsys (India) Limited has informed about General Updates](https://nsearchives.nseindia.com/corporate/CADSYS_30062026080349_LettertoNSE29062026.pdf) |
| 30 Jan - Board meeting on Feb 07, 2026 to approve unaudited Q2/HY results ended Sep 30, 2025; trading window closed. | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On February 07, 2026 30 Jan - Board meeting on Feb 07, 2026 to approve unaudited Q2/HY results ended Sep 30, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af3c8312-f65f-40f8-b966-0e12f8d25150.pdf) |
| 3 Sep - Cadsys (India) Limited has informed regarding Outcome of Board Meeting held on September 03, 2026. | [Outcome of Board Meeting 3 Sep - Cadsys (India) Limited has informed regarding Outcome of Board Meeting held on September 03, 2026.](https://nsearchives.nseindia.com/corporate/CADSYS_03092026180124_CADSYSBoardMeetingOutcome03092026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31398_CADSYS_2025_2026_A_2575084_04092026171726.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28772_CADSYS_2024_2025_A_3894224_06092025165459.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25439_CADSYS_2023_2024_02092024174148.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22773_CADSYS_2022_2023_16082023191643_08162023200000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21645_CADSYS_2021_2022_07092022190128_09072022200002.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19726_CADSYS_2020_2021_08092021173916_09082021180011.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17430_CADSYS_2019_2020_05092020193805_05092020200005.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16003_CADSYS_2018_2019_13092019075131_13092019080002.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13837_CADSYS_2017_2018_30092018162521.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d924a82-1e6e-464b-990b-9b29239f15b6.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/CADSYS_19112024173546_CADSYS_Investor_Presentation30092024.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/CADSYS_13112020200451_Cadsys_India_Limited_InvestorPresentation12Nov2020.pdf) |
| May 2023 | [Concall - May 2023](https://archives.nseindia.com/corporate/CADSYS_31052023000557_CADSYSInvestorPresentation29052023.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/CADSYS_01062025001220_CADSYSInvestorPresentationMar2025.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/CADSYS_04062024012838_CADSYS_InvestorPresentation_29052024.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://archives.nseindia.com/corporate/CADSYS_02062022005055_20220530InvestorPresentationCadsysIndLtd.pdf) |
| Jun 2020 | [Concall - Jun 2020](https://archives.nseindia.com/corporate/CADSYS_26062020091123_Cadsys_India_Ltd_InvestorPresentation25June2020.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 2026-09-13T18:46:44.566Z.