BSE: 526433 · ISIN INE867C01010
ASM Technologies Ltd. stock analysis
ASM Technologies Ltd. ranks #364 in the TickerSutra evidence-ranked universe with a score of 66/100 and 95% data confidence. The latest captured fundamentals show ROCE of 26.9%, quarterly sales growth of 61.8% and quarterly profit growth of 72.3%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 26.9%
- 34% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- Promoter pledge is 9.3% of promoter holding
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹192cr | ₹21cr | ₹14cr | 11.0% |
| 2023 | ₹220cr | ₹21cr | ₹7cr | 9.0% |
| 2024 | ₹202cr | ₹6cr | ₹-7cr | 2.8% |
| 2025 | ₹289cr | ₹47cr | ₹25cr | 16.0% |
| 2026 | ₹529cr | ₹101cr | ₹61cr | 19.0% |
| TTM | ₹604cr | ₹121cr | ₹72cr | 20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Enclosed
RoutineASM Technologies Ltd - 526433 - Closure of Trading WindowBSE · 28 Sept 2026Enclosed
RoutineASM Technologies Ltd - 526433 - Corrigendum To The EGM NoticeBSE · 25 Sept 2026Enclosed
RoutineASM Technologies Ltd - 526433 - Announcement under Regulation 30 (LODR)-Preferential IssueBSE · 9 Sept 2026Enclosed
RoutineASM Technologies Ltd - 526433 - Board Meeting Outcome for Outcome Of Board MeetingBSE · 9 Sept 2026Enclosed
MANAGEMENT COMMENTARY
Signals from filed documents
With seven manufacturing facilities currently in operation, ASM has strengthened its ability to support customers through an integrated global manufacturing network. The Company also continued to progress its long-term infrastructure expansion plans through the proposed development of a new integrated manufacturing facility in Karnataka supported through land allotted by KIADB. In addition, approval received under th
Our successful Offshore Development and Support Centers, located in India and overseas, cater to our esteemed global clientele. During the financial year, ASM explored new growth opportunities and achieved expansion in both domestic and international markets. This performance underscores ASM's strategic journey to reposition itself as a unique technology solutions provider.
The Company has filed an application to the Deputy Commissioner of Income Tax requesting rectification of the demand by allowing the TDS credit relating to ADE and thereby nullifying the demand raised. Based on the merits of the case, management is confident of receiving a favourable order and does not anticipate any material liability arising from the said demand. (iii) During the year, the Company has received tran
Industries We Serve ASM Technologies supports customers across diverse industries where engineering complexity, precision and innovation are critical: Hi-tech Capital Equipment Engineering Strengthening India’s Electronics Manufacturing Ecosystem ASM Technologies continues to align its capabilities with emerging industrial opportunities in India’s electronics and semiconductor ecosystem. ASM Technologies received app
At the same time, the Company operates in a dynamic business environment that is exposed to various risks and challenges including rapid technological changes, talent availability, cybersecurity risks, supply chain disruptions, foreign exchange fluctuations and increasing competitive intensity. Further, geopolitical uncertainties and evolving regulatory requirements may impact market conditions and business operation
The issue of Securities may be consummated in one or more tranches at such time or times at such price and to such classes of investors as the Board (including any duly authorized committee thereof) may in its absolute discretion decide, having due regard to the prevailing market conditions and any other relevant factors and whenever necessary, in consultation with the book running lead manager(s) and other agencies
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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