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 ₹ 128 Cr.
- Current Price ₹ 63.0
- High / Low ₹ 98.8 / 41.2
- Stock P/E 18.8
- Book Value ₹ 46.8
- Dividend Yield 0.31 %
- 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: | -11% |
| 1 Year: | -34% |
| 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% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 January 2026 - Registrar certifies demat/remat details furnished for quarter ended December 31, 2025.
-
General Updates
5 January 2026 - Filed Investor Presentation (Dec 2025) on Jan 5, 2026 outlining products, facilities, EV and fire-safety strategy.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 December 2025 - Virtual analyst/institutional investor meeting held 2 December 2025; 14 participants; no presentation or UPSI disclosed.
-
Analysts/Institutional Investor Meet/Con. Call Updates
27 November 2025 - Virtual analyst/investor meeting scheduled 2 December 2025 at 3:30 PM IST.
-
Change in Company Secretary/Compliance Officer
13 November 2025 - Board approved H1 (ended 30 Sep 2025) results: standalone revenue ₹10,856.49 lakh, PAT ₹258.05 lakh; new CS Sachin Dagar effective 14 Nov 2025.
Annual reports
Concalls
-
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