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 ₹ 58.7
- High / Low ₹ 95.0 / 41.2
- Stock P/E 17.5
- Book Value ₹ 46.8
- Dividend Yield 0.34 %
- ROCE 13.6 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
Cons
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 69 | 69 | 73 | 96 | 242 | 164 | 152 | 211 | 214 | |
| 64 | 63 | 67 | 89 | 225 | 153 | 139 | 191 | 196 | |
| Operating Profit | 5 | 6 | 6 | 7 | 17 | 10 | 13 | 20 | 18 |
| OPM % | 7% | 8% | 8% | 7% | 7% | 6% | 8% | 10% | 8% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | |
| 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 | 9 |
| Tax % | 27% | 29% | 26% | 25% | 25% | 27% | 26% | 26% | |
| 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 | 3.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -5% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -5% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| 1 Year: | -30% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 17 | 17 | 18 | 20 | 20 |
| Reserves | 4 | 6 | 11 | 15 | 32 | 36 | 53 | 73 | 75 |
| 7 | 7 | 7 | 9 | 22 | 35 | 45 | 54 | 58 | |
| 8 | 7 | 5 | 20 | 67 | 38 | 36 | 31 | 24 | |
| Total Liabilities | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 177 | 177 |
| 2 | 2 | 2 | 3 | 7 | 15 | 17 | 16 | 17 | |
| CWIP | 0 | 0 | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 6 | 6 |
| 19 | 20 | 19 | 40 | 132 | 106 | 129 | 154 | 154 | |
| Total Assets | 21 | 22 | 25 | 46 | 138 | 127 | 152 | 177 | 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 | 22 | 35 | 40 | 40 | 27 | 67 | 110 | 98 |
| ROCE % | 38% | 28% | 27% | 32% | 11% | 12% | 14% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Research and Development (R&D) Expenditure INR Lakhs |
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| Trade Receivables Turnover Ratio Ratio |
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| Number of Full-time Employees Numbers |
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| Annual OEM Natural Gas Vehicle Sales (Market Context) Units |
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Documents
Announcements
-
Shareholders meeting
2 March 2026 - EGM 27 Mar 2026: director reappointments; MD/JMD remuneration ₹7,00,000/month; related-party transactions approved up to ₹4,000 lakhs.
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Change in Director(s)
25 February 2026 - Board recommended reappointment of Shishir and Gagan Agrawal as MD/JMD from 6 Oct 2026; multiple independent director appointments.
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Updates
25 February 2026 - Shigan Quantum's board approved revised UPSI fair disclosure Code (version 1.1) dated 25-Feb-2026; will be posted online.
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Updates
25 February 2026 - 25 Feb 2026: Board approved materiality policy; MD/JMD with CFO/CS authorised to determine/disseminate material events.
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Updates
2 February 2026 - Company states no undisclosed information; share price movement market-driven; complies with Regulation 30 disclosures.
Annual reports
Concalls
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Jan 2026TranscriptAI SummaryPPT
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