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 ₹ 148 Cr.
- Current Price ₹ 73.0
- High / Low ₹ 95.0 / 41.2
- Stock P/E 21.8
- Book Value ₹ 46.8
- Dividend Yield 0.27 %
- 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.
Peer comparison
Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments
Part of Nifty SME Emerge
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: | -3% |
| 1 Year: | -1% |
| 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 |
| Free Cash Flow | 1 | 2 | -1 | 1 | -10 | -9 | -17 | -15 |
| CFO/OP | 63% | 52% | 79% | 52% | -24% | 33% | -81% | -46% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Research and Development (R&D) Expenditure INR Lakhs |
|
||||
| Trade Receivables Turnover Ratio Ratio |
|||||
| Number of Full-time Employees Numbers |
|||||
| Annual OEM Natural Gas Vehicle Sales (Market Context) Units |
|||||
Extracted by Screener AI
Documents
Announcements
-
Action(s) taken or orders passed
10 April 2026 - ED-related PMLA summons received on 10 April 2026; no order passed yet.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 April 2026 - Regulation 74(5) certificate filed for quarter ended March 31, 2026.
-
Appointment
30 March 2026 - Shigan Quantum EGM approved re-appointments/appointments of independent directors effective 1 Apr, 10 Sep, 6 Oct 2026; MD/JMD reappointed.
-
Change in Director(s)
30 March 2026 - EGM approved re-appointments (Balraj, Vijay, Shubhangi) and appointment of Prashant effective 1 Apr 2026; MDs reconfirmed Oct 6, 2026.
-
Shareholders meeting
30 March 2026 - EGM 27 Mar 2026: all resolutions passed—reappointments, remuneration variations, material RPT approved; 74.86% votes polled.
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