Bartronics India Limited, incorporated as a Private Limited Company on September 10, 1990, was initially named Super Bar Tronics Private Limited. It later transitioned to Super Bartronics Limited before converting into a Public Limited Company on July 27, 1995. The company adopted its current name, Bartronics India Limited, on January 1, 1996. It is recognized as India's leading Automatic Identification and Data Collection (AIDC) solution provider and holds the distinction of being the oldest and leading Identification technology specialist in the country.
Bartronics India Limited operates as an India-based information technology (IT) services and business solution provider. The company is involved in the manufacturing of smart cards and radio frequency identification (RFID) equipment. It has established itself as a pioneer in introducing advanced identification technologies and data capture solutions across a wide array of industry verticals within India.
The company's core operations currently revolve around providing solutions based on Bar Coding, one of the foundational AIDC technologies. Over the past two decades, Bartronics has been at the forefront of introducing newer technologies and solutions in India, including Biometrics, RFID, POS (Point of Sale), EAS (Electronic Article Surveillance), and Smart Cards. It offers a comprehensive suite of automatic identification and data capture (AIDC) solutions. These include identification technologies, enterprise mobility services, application development and management, IT infrastructure management, software quality assurance and testing, and strategic consulting.
Bartronics India serves diverse sectors with its extensive technology offerings. Its product and service portfolio encompasses barcode scanners, RFID readers, biometric systems, smart cards, and associated software applications. These solutions are tailored for various industries such as healthcare, retail, logistics, manufacturing, and government sectors. The company's expertise is geared towards enabling businesses to optimize their operational efficiency, enhance productivity, and improve overall performance through the adoption of advanced technology solutions.
Bartronics possesses a manufacturing facility with a significant capacity to produce 80 million smart cards per annum. The company commenced its Smart Cards Manufacturing facility in Hyderabad during the 2007-08 financial year. To broaden its market reach and technological capabilities, Bartronics has forged strategic partnerships. Notably, it established a tie-up with Singapore-based Watchdata Technologies, a prominent global player in Smart Cards, for sourcing and marketing smart card-based products within India and neighboring countries.
The company also incorporated a wholly owned subsidiary, Bartronics Asia Pte Ltd, on June 14, 2007, in the Republic of Singapore, with the objective of capturing the Asian market and providing enhanced after-sales services. Furthermore, Bartronics has cultivated partnerships with various technology companies and has participated in significant government projects, including those focused on financial inclusion initiatives.
Bartronics India Ltd reported a market capitalization of ₹503 crore as of May 2025. For the financial year ending March 2025, the company's financial performance indicated mixed results. For the full fiscal year, net profit saw an increase of 26.81% to ₹1.75 crore, compared to ₹1.38 crore in the previous year ended March 2024. However, sales declined by 18.02% to ₹40.04 crore in the year ended March 2025, down from ₹48.84 crore during the prior year.
Recent quarterly performance highlights revenue generation challenges. For the quarter ended March 2025, net profit declined by 53.03% to ₹0.93 crore, compared to ₹1.98 crore in the corresponding quarter of the previous year (March 2024). Sales also decreased by 28.20% to ₹8.91 crore in the quarter ended March 2025, from ₹12.41 crore in the same period of the prior year. The company has experienced revenue headwinds, with a poor sales growth rate of -9.55% over the past five years.
- Market Cap: ₹503 crore (as of May 2025)
- Revenue FY25: ₹40.04 crore
- Net Profit FY25: ₹1.75 crore
- Net Profit Q4 FY25: ₹0.93 crore
- Sales Q4 FY25: ₹8.91 crore
- 52-week High: ₹25.84
- 52-week Low: ₹12.87
- PE Ratio: 189.00 (as on May 19, 2025)
The promoter holding in Bartronics India Ltd has seen a reduction, standing at 75.00% as of March 2025, down from 85.57% as of July 2024. The company has been actively seeking growth opportunities and expanding its business portfolio. A notable recent development includes an Memorandum of Understanding (MOU) aimed at collaborating on establishing a semiconductor production facility, an equipment refurbishment center, and a training center in India.
Recent corporate actions also include changes in the board of directors, with the appointment of Mr. Panidapu Lakshmi Naga Srinivasa Rao as an Independent Director for a term of five years, effective from June 19, 2025. The company is also exploring opportunities in emerging technologies, particularly in the AI and machine learning sectors, through potential acquisitions and strategic partnerships.
Bartronics India Limited maintains a strong balance sheet position, being almost debt-free. However, investors should carefully consider the company's recent revenue challenges and declining sales trends. Despite signing an MOU for a semiconductor facility, the company has experienced a 6% decline in revenue in 2025 and a 25% drop over the past year. While the stock has shown significant growth over the past two to five years, and the company's focus on technology diversification and expansion into new sectors may present future growth prospects, the near-term financial performance remains under pressure.
