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 ₹ 155 Cr.
- Current Price ₹ 81.5
- High / Low ₹ 139 / 61.5
- Stock P/E 18.3
- 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: | -4% |
| 1 Year: | -24% |
| 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
-
Disclosure under SEBI Takeover Regulations
29 May 2025 - Promoters declare no share encumbrance during FY ending March 31, 2025.
-
Outcome of Board Meeting-XBRL
23 May 2025 - SHIGAN QUANTUM TECHNOLOGIES LIMITED has informed regarding Outcome of Board Meeting held on 23-May-2025 for Dividend
-
Related Party Transactions
23 May 2025 - Disclosure of related party transactions for FY ended March 31, 2025 as per SEBI regulations.
-
Statement of deviation(s) or variation(s) under Reg. 32
23 May 2025 - No deviation in utilization of Rs. 25.91 Cr preferential issue funds as of 31 Mar 2025.
-
Dividend
23 May 2025 - Board approved audited financial results for half and full year ended 31 March 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