Best IT Stock: Excelsoft Technologies vs Sasken Technologies

The stock of Excelsoft Technologies listed on the BSE and NSE on 26 November 2025. At the time of writing, the shares had risen by 12.5% to Rs 135. The company had launched its initial public offering (IPO) at a price of Rs 120.

The IPO, which aimed to raise Rs 5,000 million (m), was subscribed 45.46 times, indicating strong demand across investor categories.

In this editorial, we provide a brief comparison between Excelsoft Technologies and Sasken Technologies.

Although the products and services offered by the two companies differ in several key aspects, this comparison stems from Excelsoft's draft red herring prospectus, which included an analysis of some listed peers, one of them being Sasken Technologies.

It is important for investors to note that this may not necessarily be a strict peer-to-peer comparison.

Business Overview

Excelsoft Technologies

Incorporated in 2000, Excelsoft Technologies is a global vertical SaaS company focused on the learning and assessment market.

Excelsoft Technologies offers technology-based solutions across diverse learning and assessment segments through its cloud-based platforms.

The company has successfully developed AI-based products and services, to stand out in the digital assessments and proctoring space.

Over the years, it has been recognised with various global awards & accolades for its products and services such as e-Assessment Association Award and Brandon Hall Group Awards in various categories.

Sasken Technologies

Sasken Technologies has a strong pressence in product engineering and digital transformation.

It offers comprehensive solutions from concept development to market delivery and chip-to-cognition R&D.

These services cater to industries such as semiconductors, automotive, industrial, consumer electronics, enterprise devices, satellite communications, telecom, and transportation.

Over the past three decades, Sasken's advanced engineering expertise and technology patents have played a role in driving innovation for more than a hundred Fortune 500 companies.

The company has facilities located in India, Finland, Germany, and Japan.

FY25 Financials: Excel Technologies vs Sasken Technologies

Source: Excelsoft Technologies Draft Red Herring Prospectus

The two companies perform differently across various financial metrics. Excel Technologies generates only half the revenue of Sasken Technologies.

However, it surpasses Sasken significantly in terms of EBITDA margins. Sasken, on the other hand, excels in net profitability due to its higher revenues. When it comes to ROCE, Excel Technologies leads by a substantial margin.

Strengths

Excelsoft Technologies

Excelsoft Technologies has strengths that position it well in the digital learning and assessment technology space:

• Deep domain expertise in learning and assessment technology, developed over more than two decades, enabling delivery of mission-critical, feature-rich products such as Learning Management Systems (LMS), online assessments, remote proctoring, digital content platforms, and AI-powered analytics.
• A comprehensive and broad product portfolio that supports scalable, cloud-based SaaS models with recurring revenues, ensuring customer retention and stable long-term contracts.
• A global presence across 19 countries with a diversified client base including large, established names like Pearson Education, AQA, and Brigham Young University, reinforcing platform credibility and reducing dependence on any single geography.
• Strong financial health characterised by steady revenue growth, improving profitability, high EBITDA margins (around 31%), and minimal debt (debt-to-equity ratio of approximately 0.05), providing flexibility for continued investments in R&D and AI innovation.
• Continuous investment in AI, data analytics, and platform upgrades, enables the company to stay at the forefront of EdTech innovation with adaptive learning and automated proctoring solutions.

Sasken Technologies

Sasken Technologies has many strengths that distinguish it in the product engineering and digital transformation space.

• It leverages deep expertise in semiconductor and telecommunication technologies, enabling it to address diverse verticals like automotive, industrial, consumer electronics, satellite communications, and transportation.
• This broad domain knowledge helps Sasken Technologies deliver innovative solutions in emerging technologies including 5G, AI & machine learning, blockchain, edge computing, and industrial analytics, which are crucial for the evolving digital and IoT landscape.
• The company also excels in industrial IoT enablement and smart services, which help clients improve manufacturing efficiency through data-driven insights.
• Sasken Technologies has developed a collaborative global delivery model with facilities in India, Finland, Germany, and Japan, serving over 100 Fortune 500 clients and powering more than a billion devices worldwide.

Which Stock is Better, Sasken Technologies or Excelsoft Technologies?

Sasken Technologies and Excelsoft Technologies serve different niche segments within the technology sector and have distinct financial profiles.

Sasken Technologies is larger in terms of revenues while Excelsoft Technologies operates with very good margins.

Sasken offers scale and diversification with innovation-driven growth, while Excelsoft provides leaner operations with higher margins and focused growth in EdTech SaaS.

In this case, investment suitability depends on individual risk tolerance, sector preference, and valuation perspective rather than a clear "better" choice.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...