Shigan Quantum Technologies Ltd
Shigan Quantum Technologies limited is an alternative fuel system solution provider for automotive, locomotive and stationary engine applications. We are the only company in India, who has completely indegenised BS-VI + OBD-II CNG fuel system, to provide advanced technology at Indian price, for Indian Automotive OE customers. [1]
- Market Cap ₹ 201 Cr.
- Current Price ₹ 117
- High / Low ₹ 158 / 67.0
- Stock P/E 52.1
- Book Value ₹ 31.1
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 7.48 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 90.7 days to 145 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 | |
|---|---|---|---|---|---|---|
| 69 | 69 | 73 | 96 | 242 | 164 | |
| 64 | 63 | 67 | 89 | 225 | 153 | |
| Operating Profit | 5 | 6 | 6 | 7 | 17 | 10 |
| OPM % | 7% | 8% | 8% | 7% | 7% | 6% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 |
| Profit before tax | 4 | 4 | 4 | 5 | 13 | 5 |
| Tax % | 27% | 29% | 26% | 25% | 25% | 27% |
| 3 | 3 | 3 | 4 | 10 | 4 | |
| EPS in Rs | 13.80 | 13.30 | 11.52 | 14.48 | 5.73 | 2.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 31% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 10% |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 17% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | 2 | 3 | 3 | 17 | 17 | |
| Reserves | 4 | 6 | 11 | 15 | 32 | 36 |
| 7 | 7 | 7 | 9 | 22 | 35 | |
| 8 | 7 | 5 | 20 | 67 | 38 | |
| Total Liabilities | 21 | 22 | 25 | 46 | 138 | 127 |
| 2 | 2 | 2 | 3 | 7 | 15 | |
| CWIP | 0 | 0 | 3 | 3 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 5 |
| 19 | 20 | 19 | 40 | 132 | 106 | |
| Total Assets | 21 | 22 | 25 | 46 | 138 | 127 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | 2 | 3 | 2 | -27 | 2 | |
| -1 | -0 | -5 | -1 | -2 | -16 | |
| -1 | -1 | 1 | 1 | 34 | 10 | |
| Net Cash Flow | 0 | 0 | 0 | 2 | 4 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 42 | 26 | 22 | 43 | 9 | 13 |
| Inventory Days | 53 | 112 | 93 | 69 | 110 | 178 |
| Days Payable | 38 | 43 | 19 | 85 | 87 | 90 |
| Cash Conversion Cycle | 58 | 95 | 95 | 26 | 32 | 101 |
| Working Capital Days | 55 | 70 | 73 | 69 | 59 | 145 |
| ROCE % | 38% | 28% | 27% | 32% | 11% |
Business Area[1] It manufactures Alternate Fuel Systems for high-duty & light-duty vehicles power generation equipment, industrial equipment, and off-highway applications.