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 ₹ 212 Cr.
- Current Price ₹ 117
- High / Low ₹ 167 / 89.7
- Stock P/E 27.2
- Book Value ₹ 41.5
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 8.64 %
- Face Value ₹ 10.0
Pros
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.
- 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: | % |
| 1 Year: | 12% |
| 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
-
Clarification - Financial Results
11 December 2024 - Exchange has sought clarification from Shigan Quantum Technologies Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Conversion
18 November 2024 - Shigan Quantum Technologies Limited has informed about Conversion
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2024 - Shigan Quantum Technologies Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Outcome of Board Meeting
14 November 2024 - Shigan Quantum Technologies Limited has informed regarding Board meeting held on November 14, 2024.
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Financial Result Updates
14 November 2024 - Shigan Quantum Technologies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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