Ks Smart Technologies Ltd

BSE: 516038

₹ 77.34-5.00%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,269 crWebsite: www.ksstech.coUpdated: 24 Oct 2026

About

Ks Smart Technologies Ltd, formerly Soma Papers, was historically a paper products maker and in FY 2025-26 transitioned into a sensor- and AI-driven technology company serving Education, Intelligent Surveillance, Defence and Smart Utility sectors. It is now described as engaged in IT infrastructure contracts, with KS Smart Solutions Private Limited as its wholly-owned subsidiary since October 2025. Reported FY26 revenue was 1311.92.^[1][2][3]

Business transformation

Historically a manufacturer and supplier of paper products, the company embarked on a strategic transition into a technology-driven enterprise during FY 2025-26.^[1]
In FY25 the company was not engaged in any activity, citing scarcity of working capital funds, and its outlook depended on bringing in a partner.^[4]
As of Q1 FY27 the company, formerly Soma Papers, is described as engaged in IT infrastructure contracts.^[2]
KS Smart Solutions Private Limited became a wholly-owned subsidiary in October 2025.^[1]

Products and platforms

The company had 9 in-house products as of FY26.^[1]
Flagship Ikshana suite includes Video Analytics, Video Management System, MDM and EMS platforms; Ikshana Video Analytics delivers alerts across 25+ use cases (FY26).^[1]
A compact UPS for edge computing completed proof of concept and is moving to productisation (FY26 annual report).^[1]

Deployment scale

Over 2,00,000 devices managed as of FY26.^[1]
Smart classrooms deployed exceed 30,000 as of FY26.^[1]
Tablets deployed 80,000+ and laptops 3+ lakhs as of FY26.^[1]
VR flight simulator deployed across five Indian Air Force stations, with over 50 simulators on active defence bases (FY26).^[1]

Customers

Customers include the Indian Air Force, Army and Navy; its Beyond Visual Range Combat Simulation System was developed for the IAF (FY26).^[1]
Public safety work includes CCTV surveillance in Chennai public buses monitored via a central command centre (FY26).^[1]

Geographic reach and people

In FY26 it expanded beyond its Tamil Nadu stronghold into Gujarat, Punjab and Rajasthan, and set up presence in Delhi, Bihar, Punjab and Karnataka.^[1]
Permanent group workforce stood at 250+ as on 31st March 2026.^[1]
Management plans to expand geographically, deepen AI investments, build manufacturing capability and selectively explore international markets (FY26 annual report).^[1]

Preferential issue and funding

All Rs 176.60 cr raised through the preferential issue was fully used by June 30, 2026, with Rs 46.95 cr spent in Q1 FY27.^[2]
The full Rs 75 cr earmarked for repaying the wholly owned subsidiary's debt was used, of which Rs 43.23 cr was spent in Q1 FY27.^[2]

Market Cap

₹1,269 Cr

High / Low

₹270 / 75

Stock P/E

17.3

Price / Book

5.0

Book Value

₹18

EPS

₹4.5

No. of Shares

16.41 Cr

ROCE

25.8%

ROE

25.3%

OPM

9.7%

Debt / Equity

0.69

Sales

₹1,312 Cr

Net Profit

₹74 Cr

Promoter holding

61.0%

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