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 ₹ 116 Cr.
- Current Price ₹ 57.2
- High / Low ₹ 88.0 / 41.2
- Stock P/E 17.2
- Book Value ₹ 48.8
- Dividend Yield 0.87 %
- ROCE 11.0 %
- ROE 7.02 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
Cons
- Company has a low return on equity of 8.43% over last 3 years.
- Contingent liabilities of Rs.36.4 Cr.
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | 164 | 152 | 211 | 218 | |
| 0 | 154 | 139 | 190 | 200 | |
| Operating Profit | 0 | 10 | 13 | 21 | 19 |
| OPM % | 6% | 8% | 10% | 9% | |
| 0 | 0 | 2 | 1 | 3 | |
| Interest | 0 | 3 | 5 | 7 | 8 |
| Depreciation | 0 | 2 | 4 | 4 | 4 |
| Profit before tax | 0 | 5 | 7 | 12 | 10 |
| Tax % | 28% | 29% | 26% | 30% | |
| 0 | 4 | 5 | 9 | 7 | |
| EPS in Rs | 0.00 | 2.13 | 2.63 | 4.29 | 3.32 |
| Dividend Payout % | 0% | 0% | 5% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -18% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 17 | 18 | 20 | 20 | |
| Reserves | 37 | 53 | 73 | 79 | |
| 35 | 45 | 56 | 66 | ||
| 38 | 36 | 40 | 38 | ||
| Total Liabilities | 127 | 152 | 188 | 204 | |
| 15 | 22 | 30 | 36 | ||
| CWIP | 0 | 0 | 0 | 0 | |
| Investments | 0 | 0 | 0 | 0 | |
| 112 | 129 | 158 | 168 | ||
| Total Assets | 127 | 152 | 188 | 204 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | -3 | -7 | -6 | 8 | |
| 0 | -11 | -10 | -11 | -9 | |
| 0 | 10 | 17 | 18 | 3 | |
| Net Cash Flow | 0 | -4 | -0 | 1 | 2 |
| Free Cash Flow | 0 | -14 | -18 | -18 | -2 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -21% | -40% | -11% | 59% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 13 | 51 | 68 | 78 | |
| Inventory Days | 178 | 186 | 130 | 126 | |
| Days Payable | 91 | 104 | 66 | 79 | |
| Cash Conversion Cycle | 100 | 133 | 132 | 126 | |
| Working Capital Days | 79 | 110 | 84 | 98 | |
| ROCE % | 11% | 14% | 11% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Capex - Purchase of Fixed Assets INR Lakhs |
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| Foreign Exchange Earnings (Exports) INR Lakhs ・Standalone data |
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| Number of Permanent Employees Nos ・Standalone data |
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| R&D Expenditure INR Lakhs ・Standalone data |
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| Alternate Fuel Systems Installed Capacity kits per month ・Standalone data |
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| Manufacturing Capacity sq.m |
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| Segment Revenue Mix (FY26) % of total revenue |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended 30 September 2026.
-
Shareholders meeting
- Shigan Quantum disclosed AGM voting results for 25 September 2026, including dividend and authorised share capital increase.
-
Amendment to AOA/MOA
- Members approved alteration of Clause V at 25 September 2026 AGM; authorised share capital set at ₹25 crore.
-
Updates
- Chairman’s AGM speech highlights FY2025-26 revenue of ₹231.32 crore, segment growth, and future strategy.
-
Shareholders meeting
- AGM held on 25 September 2026 approved FY26 accounts, final dividend, related-party transactions, and capital increase.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
Business Overview:[1][2]
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.
Under development products: Hydrogen-
ICE systems, retrofit/aftermarket kits and
IoT diagnostics.