Shigan Quantum Technologies Ltd
Incorporated in 2008, Shigan Quantum Technologies Ltd is in the business of manufacturing and providing services
of Alternate Fuel System Components
for CNG and LPG, mainly used by OEM
suppliers to auto industries[1]
- Market Cap ₹ 119 Cr.
- Current Price ₹ 58.6
- High / Low ₹ 88.0 / 41.2
- Stock P/E 17.4
- Book Value ₹ 48.9
- Dividend Yield 0.85 %
- ROCE 11.2 %
- ROE 7.14 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.20 times its book value
Cons
- Company has a low return on equity of 8.63% over last 3 years.
- Contingent liabilities of Rs.36.4 Cr.
- Promoter holding has decreased over last 3 years: -3.89%
* 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
Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 69 | 69 | 73 | 96 | 242 | 164 | 152 | 211 | 229 | |
| 64 | 63 | 67 | 89 | 225 | 153 | 139 | 191 | 211 | |
| Operating Profit | 5 | 6 | 6 | 7 | 17 | 10 | 13 | 20 | 17 |
| OPM % | 7% | 8% | 8% | 7% | 7% | 6% | 8% | 10% | 8% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 5 | 6 | 7 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 3 |
| Profit before tax | 4 | 4 | 4 | 5 | 13 | 5 | 7 | 11 | 10 |
| Tax % | 27% | 29% | 26% | 25% | 25% | 27% | 26% | 26% | 28% |
| 3 | 3 | 3 | 4 | 10 | 4 | 5 | 8 | 7 | |
| EPS in Rs | 13.80 | 13.30 | 11.52 | 14.48 | 5.73 | 2.24 | 2.97 | 4.18 | 3.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 12% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 21% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -21% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 17 | 17 | 18 | 20 | 20 |
| Reserves | 4 | 6 | 11 | 15 | 32 | 36 | 53 | 73 | 79 |
| 7 | 7 | 7 | 9 | 22 | 35 | 45 | 54 | 56 | |
| 8 | 7 | 5 | 20 | 67 | 38 | 36 | 31 | 28 | |
| Total Liabilities | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 177 | 184 |
| 2 | 2 | 2 | 3 | 7 | 15 | 17 | 16 | 19 | |
| CWIP | 0 | 0 | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 6 | 18 |
| 19 | 20 | 19 | 40 | 132 | 106 | 129 | 154 | 146 | |
| Total Assets | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 177 | 184 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 2 | 2 | 3 | 2 | -8 | 2 | -12 | -12 | 25 | |
| -1 | -0 | -5 | -1 | -2 | -16 | -5 | -3 | -17 | |
| -1 | -1 | 1 | 1 | 34 | 10 | 17 | 16 | -5 | |
| Net Cash Flow | 0 | 0 | 0 | 2 | 24 | -4 | -0 | 1 | 2 |
| Free Cash Flow | 1 | 2 | -1 | 1 | -10 | -9 | -17 | -15 | 18 |
| CFO/OP | 63% | 52% | 79% | 52% | -24% | 33% | -81% | -46% | 157% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 26 | 22 | 43 | 52 | 13 | 51 | 68 | 73 |
| Inventory Days | 53 | 112 | 93 | 69 | 110 | 178 | 186 | 128 | 98 |
| Days Payable | 38 | 43 | 19 | 85 | 87 | 90 | 103 | 65 | 53 |
| Cash Conversion Cycle | 58 | 95 | 95 | 26 | 76 | 101 | 133 | 132 | 117 |
| Working Capital Days | 22 | 35 | 40 | 40 | 27 | 67 | 110 | 98 | 98 |
| ROCE % | 38% | 28% | 27% | 32% | 11% | 12% | 14% | 11% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Capex - Purchase of Fixed Assets INR Lakhs |
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| Foreign Exchange Earnings (Exports) INR Lakhs |
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| Number of Permanent Employees Nos |
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| R&D Expenditure INR Lakhs |
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| Manufacturing Capacity sq.m |
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| Segment Revenue Mix (FY26) % of total revenue |
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Extracted by Screener AI
Documents
Announcements
-
Amendment to AOA/MOA
- Members approved alteration of Clause V at 25 September 2026 AGM; authorised share capital set at ₹25 crore.
-
Updates
- Chairman’s AGM speech highlights FY2025-26 revenue of ₹231.32 crore, segment growth, and future strategy.
-
Shareholders meeting
- AGM held on 25 September 2026 approved FY26 accounts, final dividend, related-party transactions, and capital increase.
-
Trading Window
- Trading window closes from 1 October 2026 until 48 hours after half-year results.
-
Updates
- DSIR recognised Shigan's in-house R&D unit on 9 Sep 2026; registration valid till 31 Mar 2029.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
Business Overview:[1][2]
SQTL is an alternative fuel system solution provider for automotive, locomotive and stationary engine applications.
It is the only company in India which has completely
indigenised BS-VI + OBD-II CNG fuel system to provide advanced technology, for Indian Automotive OE customers, through multipoint gas injection (MPGI) technology.
Under development products: Hydrogen-
ICE systems, retrofit/aftermarket kits and
IoT diagnostics.