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 ₹ 101 Cr.
- Current Price ₹ 49.5
- High / Low ₹ 95.0 / 41.2
- Stock P/E 14.4
- Book Value ₹ 46.9
- Dividend Yield 0.40 %
- ROCE 13.9 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.05 times its book value
Cons
- Company has a low return on equity of 8.68% over last 3 years.
- Debtor days have increased from 43.9 to 67.9 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 0 | 164 | 152 | 211 | 215 | |
| 0 | 154 | 139 | 190 | 196 | |
| Operating Profit | 0 | 10 | 13 | 21 | 19 |
| OPM % | 6% | 8% | 10% | 9% | |
| 0 | 0 | 2 | 1 | 1 | |
| Interest | 0 | 3 | 5 | 7 | 7 |
| Depreciation | 0 | 2 | 4 | 4 | 4 |
| Profit before tax | 0 | 5 | 7 | 12 | 9 |
| Tax % | 28% | 29% | 26% | ||
| 0 | 4 | 5 | 9 | 7 | |
| EPS in Rs | 0.00 | 2.13 | 2.63 | 4.29 | 3.45 |
| Dividend Payout % | 0% | 0% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -12% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 17 | 18 | 20 | 20 |
| Reserves | 37 | 53 | 73 | 75 |
| 35 | 45 | 56 | 68 | |
| 38 | 36 | 40 | 29 | |
| Total Liabilities | 127 | 152 | 188 | 192 |
| 15 | 22 | 30 | 32 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 112 | 129 | 158 | 160 | |
| Total Assets | 127 | 152 | 188 | 192 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | -3 | -7 | -6 | |
| 0 | -11 | -10 | -11 | |
| 0 | 10 | 17 | 18 | |
| Net Cash Flow | 0 | -4 | -0 | 1 |
| Free Cash Flow | 0 | -14 | -18 | -18 |
| CFO/OP | -21% | -40% | -11% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 13 | 51 | 68 | |
| Inventory Days | 178 | 186 | 130 | |
| Days Payable | 91 | 104 | 66 | |
| Cash Conversion Cycle | 100 | 133 | 132 | |
| Working Capital Days | 79 | 110 | 84 | |
| ROCE % | 11% | 14% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Research and Development (R&D) Expenditure INR Lakhs ・Standalone data |
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| Trade Receivables Turnover Ratio Ratio ・Standalone data |
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| Number of Full-time Employees Numbers ・Standalone data |
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| Annual OEM Natural Gas Vehicle Sales (Market Context) Units ・Standalone data |
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Documents
Announcements
-
Shareholders meeting
27 March 2026 - EGM on 27 Mar 2026 approved reappointments, remuneration changes, new independent director, and related-party transactions.
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Trading Window
25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year ending 31 March 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
19 March 2026 - Analyst/Institutional Investor meet on 20 March 2026 at 3:00 PM cancelled due to unforeseen exigencies.
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Analysts/Institutional Investor Meet/Con. Call Updates
17 March 2026 - Analyst/investor meet on 20 Mar 2026 at 3:00 PM IST (virtual); public-domain discussion only.
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Shareholders meeting
2 March 2026 - EGM 27 Mar 2026: director reappointments; MD/JMD remuneration ₹7,00,000/month; related-party transactions approved up to ₹4,000 lakhs.
Annual reports
Concalls
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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