Shigan Quantum Technologies Ltd

Shigan Quantum Technologies Ltd

₹ 105 1.74%
24 Jun - close price
About

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]

Key Points

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

  • Market Cap 190 Cr.
  • Current Price 105
  • High / Low 167 / 70.2
  • Stock P/E 35.4
  • Book Value 36.6
  • Dividend Yield 0.00 %
  • ROCE 13.4 %
  • ROE 10.0 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.71%
  • Company has a low return on equity of 13.8% over last 3 years.

* 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

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
78 87 155 110 53 66 86
73 79 146 102 52 60 79
Operating Profit 5 8 9 9 2 6 7
OPM % 6% 9% 6% 8% 3% 9% 8%
0 0 0 0 0 0 2
Interest 1 1 1 1 2 2 3
Depreciation 0 1 1 1 1 1 2
Profit before tax 4 6 7 7 -1 2 5
Tax % 25% 26% 24% 25% 21% 22% 28%
3 4 5 5 -1 2 4
EPS in Rs 12.03 3.48 3.17 2.90 -0.66 1.07 1.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
69 69 73 96 242 164 152
64 63 67 89 225 153 139
Operating Profit 5 6 6 7 17 10 13
OPM % 7% 8% 8% 7% 7% 6% 8%
0 0 0 0 0 0 2
Interest 1 1 1 1 2 3 5
Depreciation 0 0 1 1 1 2 3
Profit before tax 4 4 4 5 13 5 7
Tax % 27% 29% 26% 25% 25% 27% 26%
3 3 3 4 10 4 5
EPS in Rs 13.80 13.30 11.52 14.48 5.73 2.24 2.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 17%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 14%
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 40%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
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
Equity Capital 2 2 3 3 17 17 18
Reserves 4 6 11 15 32 36 48
7 7 7 9 22 35 45
8 7 5 20 67 38 41
Total Liabilities 21 22 25 46 138 127 152
2 2 2 3 7 15 17
CWIP 0 0 3 3 0 0 0
Investments 0 0 0 0 0 5 5
19 20 19 40 132 106 129
Total Assets 21 22 25 46 138 127 152

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 -27 2 -12
-1 -0 -5 -1 -2 -16 -5
-1 -1 1 1 34 10 17
Net Cash Flow 0 0 0 2 4 -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 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%

Shareholding Pattern

Numbers in percentages

Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
73.63% 73.63% 73.63% 73.63% 69.92%
0.00% 0.00% 0.19% 0.00% 0.00%
26.37% 26.37% 26.17% 26.37% 30.08%
No. of Shareholders 546516505621772

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents