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 ₹ 158 Cr.
- Current Price ₹ 82.8
- High / Low ₹ 139 / 61.5
- Stock P/E 18.6
- Book Value ₹ 48.7
- Dividend Yield 0.00 %
- ROCE 13.6 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 1.95% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.05% over last 3 years.
- Debtor days have increased from 43.8 to 67.8 days.
- 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| 69 | 69 | 73 | 96 | 242 | 164 | 152 | 211 | |
| 64 | 63 | 67 | 89 | 225 | 153 | 139 | 191 | |
| Operating Profit | 5 | 6 | 6 | 7 | 17 | 10 | 13 | 20 |
| OPM % | 7% | 8% | 8% | 7% | 7% | 6% | 8% | 10% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 5 | 6 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 3 |
| Profit before tax | 4 | 4 | 4 | 5 | 13 | 5 | 7 | 11 |
| Tax % | 27% | 29% | 26% | 25% | 25% | 27% | 26% | 26% |
| 3 | 3 | 3 | 4 | 10 | 4 | 5 | 8 | |
| EPS in Rs | 13.80 | 13.30 | 11.52 | 14.48 | 5.73 | 2.24 | 2.97 | 4.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -5% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -5% |
| TTM: | 58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 9% |
| Last Year: | 10% |
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 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 17 | 17 | 18 | 20 |
| Reserves | 4 | 6 | 11 | 15 | 32 | 36 | 53 | 73 |
| 7 | 7 | 7 | 9 | 22 | 35 | 45 | 54 | |
| 8 | 7 | 5 | 20 | 67 | 38 | 36 | 31 | |
| Total Liabilities | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 177 |
| 2 | 2 | 2 | 3 | 7 | 15 | 17 | 16 | |
| CWIP | 0 | 0 | 3 | 3 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 6 |
| 19 | 20 | 19 | 40 | 132 | 106 | 129 | 154 | |
| Total Assets | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 177 |
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 | |
|---|---|---|---|---|---|---|---|---|
| 2 | 2 | 3 | 2 | -8 | 2 | -12 | -12 | |
| -1 | -0 | -5 | -1 | -2 | -16 | -5 | -3 | |
| -1 | -1 | 1 | 1 | 34 | 10 | 17 | 16 | |
| Net Cash Flow | 0 | 0 | 0 | 2 | 24 | -4 | -0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 26 | 22 | 43 | 52 | 13 | 51 | 68 |
| Inventory Days | 53 | 112 | 93 | 69 | 110 | 178 | 186 | 128 |
| Days Payable | 38 | 43 | 19 | 85 | 87 | 90 | 103 | 65 |
| Cash Conversion Cycle | 58 | 95 | 95 | 26 | 76 | 101 | 133 | 132 |
| Working Capital Days | 55 | 70 | 73 | 69 | 59 | 145 | 200 | 178 |
| ROCE % | 38% | 28% | 27% | 32% | 11% | 12% | 14% |
Documents
Announcements
-
Structural Digital Database
1 July 2025 - SEBI SDD compliance certificate confirms proper UPSI database maintenance for FY ending March 31, 2025.
-
Structural Digital Database
30 June 2025 - SDD compliance certificate confirming no non-compliance for quarter ended March 31, 2025.
-
Action(s) initiated or orders passed
28 June 2025 - NSE advisory for delayed lock-in of warrants, non-compliance under SEBI ICDR Regulations.
-
Updates
24 June 2025 - Shigan Quantum Technologies reports audited FY25 standalone and consolidated financial results with profit and EPS details.
-
Action(s) taken or orders passed
20 June 2025 - Company fined ₹60,000 plus GST for 3-day delay in preferential share allotment.
Business Overview:[1]
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