Sigma Advanced System Ltd

₹ 938 -1.52%

09 Nov - close price

sigmaadvsys.com BSE: 532408 NSE: SIGMAADV

About

Incorporated in 1999, Sigma Advanced Systems is a Hyderabad-based aerospace and defense manufacturing company^[1]

Key Points

Business Overview:^[1]^[2]
Sigma is positioned as a Tier‑1, integrated aerospace & defence player with a dual manufacturing footprint in the UK and India.

Website BSE NSE - BE

Market Cap ₹ 17,814 Cr.
Current Price ₹ 938
High / Low ₹ 1,165 / 139
Stock P/E 212
Book Value ₹ 51.1
Dividend Yield 0.00 %
ROCE 10.5 %
ROE -5.34 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Cons

Stock is trading at 18.4 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -5.13%
Company has a low return on equity of 1.59% over last 3 years.
Earnings include an other income of Rs.54.4 Cr.
Company has high debtors of 330 days.
Working capital days have increased from 170 days to 291 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Aerospace & Defense Aerospace & Defense

Part of Nifty Microcap 250 BSE Industrials Nifty India Defence Nifty Smallcap 500 Nifty Total Market

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	0	0	0	0	0	19	57	0	18	29	106	41	47
YoY Sales growth										+51%	+86%		+156%
	2	2	1	2	2	19	40	16	17	24	77	32	34
Operating Profit	-2	-2	-1	-2	-2	-0	17	-16	1	4	29	10	13
OPM %						-2.2%	30%		6%	14%	27%	24%	27%
	11	8	8	8	9	13	12	188	4	13	25	6	11
Interest	4	4	5	4	4	5	5	3	0	2	4	2	3
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	4	0	0	1	1	6	23	167	4	14	48	13	19
Tax %	2%	0%	0%	0%	0%	22%	22%	19%	0%	4%	4%	25%	23%
	3	0	0	1	1	5	18	136	4	13	47	10	15
EPS in Rs	0.46	0.06	0.06	0.07	0.12	0.68	2.40	18.50	0.48	1.76	2.65	0.54	0.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	51	29	31	29	24	20	16	14	2	0	107	158	222
Sales growth	+0%	-42%	+6%	-8%	-17%	-14%	-19%	-14%	-86%	-100%		+47%	+137%
	45	26	35	31	28	19	16	33	20	9	92	139	167
Operating Profit	6	3	-4	-3	-5	1	1	-18	-18	-9	16	19	55
OPM %	11%	11%	-14%	-9%	-20%	6%	4.2%	-131%	-898%		14%	12%	25%
	1	1	8	1	10	6	7	30	43	37	42	229	54
Interest	3	2	2	3	4	4	3	2	11	17	20	10	11
Depreciation	3	1	1	1	1	3	3	3	3	3	5	4	4
Profit before tax	0	1	1	-6	1	1	1	6	11	8	32	234	94
Tax %	-425%	53%	-84%	-11%	46%	-8%	-1%	10%	0%	8%	22%	14%
	1	0	1	-5	0	1	1	6	11	8	25	201	84
EPS in Rs	0.12	0.08	0.22	-0.94	0.08	0.11	0.27	0.76	1.56	1.02	3.43	11.38	5.73
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	18%
5 Years:	57%
3 Years:	331%
TTM:	137%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-48%

Stock Price CAGR
10 Years:	49%
5 Years:	108%
3 Years:	164%
1 Year:	356%

Return on Equity
10 Years:	1%
5 Years:	2%
3 Years:	2%
Last Year:	-5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	44	44	44	44	44	44	44	74	74	74	74	176	190
Reserves	130	101	102	97	103	104	105	111	122	130	200	298	780
	17	17	16	17	12	9	6	29	146	147	148	71	129
	18	20	66	94	127	133	123	43	38	38	116	81	61
Total Liabilities	210	182	228	253	287	291	278	256	380	389	538	626	1,160
	47	61	55	13	105	135	138	185	179	187	202	28	48
CWIP	0	0	0	58	31	0	0	0	0	0	0	0	0
Investments	69	56	56	56	34	34	34	7	136	136	144	10	195
	94	65	117	126	117	122	107	65	64	66	191	589	918
Total Assets	210	182	228	253	287	291	278	256	380	389	538	626	1,160

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	6	3	18	48	7	11	23	13	23	59	-135
	-1	-3	-2	-16	-39	-1	-1	-42	-147	10	-19	227
	-3	-2	-2	-2	-9	-7	-10	51	103	-17	-51	-90
Net Cash Flow	-3	0	-2	-0	1	-1	0	32	-30	15	-10	2
Free Cash Flow	-0	-8	0	2	10	7	10	23	17	11	42	219
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	14%	197%	-45%	-670%	-1,040%	621%	1,574%	-128%	-73%	-253%	388%	-657%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	437	409	424	610	590	800	626	232	0		201	330
Inventory Days											99	57
Days Payable											99	185
Cash Conversion Cycle	437	409	424	610	590	800	626	232	0		201	202
Working Capital Days	416	347	511	-532	-1,179	-1,269	-1,487	138	4,964		50	291
ROCE %	2%	2%	-3%	-1%	3%	3%	3%	3%	8%	7%	14%	11%

Insights

In beta

Jun 2026

Aerospace Sub-assemblies Mix - Commercial Share (Nasmyth)
%

xx
xx
xx
xx
xxx,xxx
x,xxx
xx
xxx

Please log in to see hidden values.

Defense Sub-systems Revenue Mix - Missiles Share
%

International Export Markets
count

International Revenue Share
%

Manufacturing Footprint
sq ft

Order Book
INR Cr

Orderbook Mix - Commercial Share
%

Total Employee Count (FTEs)
FTEs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	43.77%	43.54%	42.77%	35.07%	35.07%	35.07%	35.07%	35.07%	35.07%	71.22%	71.22%	66.09%
	0.00%	0.05%	0.07%	0.14%	0.14%	0.13%	0.19%	0.51%	0.23%	0.07%	0.24%	0.52%
	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	1.62%
	56.11%	56.40%	57.16%	64.79%	64.79%	64.78%	64.73%	64.42%	64.69%	28.70%	28.52%	31.79%
No. of Shareholders	30,950	33,636	34,180	36,032	35,199	34,566	32,591	32,808	33,798	33,623	46,289	56,780

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	7.24%	7.24%	7.23%	7.24%	0.00%	43.77%	43.77%	43.54%	35.07%	71.22%	66.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.13%	0.07%	0.52%
	8.57%	8.59%	8.57%	8.57%	8.57%	0.00%	0.00%	0.00%	0.00%	0.00%	1.62%
	84.19%	84.17%	84.20%	84.19%	91.43%	56.23%	56.25%	56.40%	64.78%	28.70%	31.79%
No. of Shareholders	26,058	24,380	23,426	22,573	22,229	33,882	33,109	33,636	34,566	33,623	56,780

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Annual reports

Right Issue

Credit ratings

Concalls

Nov 2026

Transcript
PPT REC
Nov 2026

Transcript

PPT
REC
Aug 2026

Transcript

AI Summary
PPT
Jul 2026

Transcript

AI Summary
PPT
Jun 2026

Transcript

AI Summary
PPT