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 ₹ 136 Cr.
- Current Price ₹ 71.2
- High / Low ₹ 139 / 61.5
- Stock P/E 17.4
- Book Value ₹ 41.5
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 8.64 %
- 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 13.0% over last 3 years.
- Debtor days have increased from 38.7 to 50.6 days.
- Promoter holding has decreased over last 3 years: -3.89%
- Working capital days have increased from 135 days to 200 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 69 | 69 | 73 | 96 | 242 | 164 | 152 | 192 | |
| 64 | 63 | 67 | 89 | 225 | 153 | 139 | 174 | |
| Operating Profit | 5 | 6 | 6 | 7 | 17 | 10 | 13 | 18 |
| OPM % | 7% | 8% | 8% | 7% | 7% | 6% | 8% | 9% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 5 | 6 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 4 |
| Profit before tax | 4 | 4 | 4 | 5 | 13 | 5 | 7 | 11 |
| Tax % | 27% | 29% | 26% | 25% | 25% | 27% | 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 | 4.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| TTM: | 1014% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -16% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 13% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 17 | 17 | 18 | 18 |
| Reserves | 4 | 6 | 11 | 15 | 32 | 36 | 53 | 57 |
| 7 | 7 | 7 | 9 | 22 | 35 | 45 | 49 | |
| 8 | 7 | 5 | 20 | 67 | 38 | 36 | 33 | |
| Total Liabilities | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 157 |
| 2 | 2 | 2 | 3 | 7 | 15 | 17 | 17 | |
| 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 | 133 | |
| Total Assets | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 157 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 3 | 2 | -8 | 2 | -12 | |
| -1 | -0 | -5 | -1 | -2 | -16 | -5 | |
| -1 | -1 | 1 | 1 | 34 | 10 | 17 | |
| Net Cash Flow | 0 | 0 | 0 | 2 | 24 | -4 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 26 | 22 | 43 | 52 | 13 | 51 |
| Inventory Days | 53 | 112 | 93 | 69 | 110 | 178 | 186 |
| Days Payable | 38 | 43 | 19 | 85 | 87 | 90 | 103 |
| Cash Conversion Cycle | 58 | 95 | 95 | 26 | 76 | 101 | 133 |
| Working Capital Days | 55 | 70 | 73 | 69 | 59 | 145 | 200 |
| ROCE % | 38% | 28% | 27% | 32% | 11% | 12% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 April 2025 - Reconciliation of share capital audit and pending listing of preferential shares.
-
Disclosure under SEBI Takeover Regulations
11 April 2025 - Girdhari Sales Private Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made …
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
11 April 2025 - Non-applicability of SEBI corporate governance report due to SME listing.
-
Structural Digital Database
10 April 2025 - Q4 FY25 SEBI insider-trading digital database compliance certificate submission
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 April 2025 - Certificate under Regulation 74(5) for quarter ended March 31, 2025
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