Stock Name : Sasken Technologies Ltd/Tips Open Buy : 712 Posted Date : Oct 22, 2020
Stopless/Horizon : 747.7575 Target : 818 Results Achieved (Yes/No) :

Overview: Sasken Technologies limited is a leading provider of software solutions. It is a Small Cap company with a market capital of Rs 1121.52 Crore.

About the company: Sasken Technologies limited was incorporated in 1989 as ASIC Technologies Private Limited in Gujarat and in 1992, the companychanged its name to Silicon Automation Systems (India) Private Limited. In 1993, the company shifted its registered office from Gujarat to Karnataka (Banglore). In 2000, the company’s name was changed as Sasken Communication Technologies Limited.In 2017, the company got its present name “Sasken Technologies Limited”.

Sasken Technologies is a specialist in Product Engineering and Digital Transformation, the company provides concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries.

Sasken’s customers include Intel, Qualcomm, Intel, British Telecom, Honeywell, Sony, Inmarsat, Harman, Motorola Solutions, Texas Instruments, GE, Kroger and Lebara, among others. The top 10 customers contribute to 66 % of the company’s revenue.

The company operates from state-of-the-art centres in Bengaluru, Pune, Chennai, and Kolkata (India), Kaustinen and Tampere (Finland), Detroit (USA), and München (Germany).

Since its initial public offering (IPO) in 2005, SaskenTechnologies is been listed in the National Stock Exchange and Bombay Stock Exchange Ltd.

Subsidiaries:As on FY 2019-2020, there are four subsidiaries for Sasken Technologies: (1) Sasken Communication Technologies Mexico S.A. de C.V. (2) Sasken Inc. (3) Sasken Communication Technologies (Shanghai) Co. Ltd. (4) Sasken Finland Oy.

Management: Mr. Rajiv C Mody is the Chairman, Managing Director & CEO of the company.

Shareholding Pattern (As on June 2020):
• Promoters: 23.69
• Foreign Promoters: 21.37
• Foreign Institutions: 20.29
• General Public: 22.77
• Others: 11.62
• Financial Institutions: 0.03
• GDR: 0.23

Dividend: Sasken Technologies declared an equity dividend of 400.00% amounting to Rs 40 per share for the year ending March 2020.

Sales Report: Sasken Technologies posted a consolidated sale of Rs 113.06 Crore, which is up by .19 % from last quarter sales of Rs 112.85 Crore, but down by -16.04 % from the corresponding period of the previous year’s sales of Rs 134.66 Crore. The company’s net profit after tax for the quarter ended June 30, 2020 is Rs 28.28.

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