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 ₹ 72.7
- High / Low ₹ 95.0 / 41.2
- Stock P/E 21.9
- Book Value ₹ 48.8
- Dividend Yield 0.28 %
- ROCE 11.0 %
- ROE 7.02 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 8.43% over last 3 years.
- 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% | 0% |
| 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: | 1% |
| 1 Year: | -11% |
| 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/OP | -21% | -40% | -11% | 59% |
Ratios
Consolidated Figures in Rs. Crores / 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 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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Extracted by Screener AI
Documents
Announcements
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General Updates
29 May 2026 - Investor Presentation May 2026 outlines CNG/LNG, hydrogen, EV components and fire safety growth plans.
-
Press Release
29 May 2026 - Shigan reported FY26 results, recommended 5% dividend, and highlighted new lines, customers, and technology tie-ups.
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Outcome of Board Meeting
28 May 2026 - Board approved FY26 audited standalone and consolidated results, recommended 5% dividend, and filed borrowing details.
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Dividend
28 May 2026 - Board approved FY26 audited standalone and consolidated results; recommended 5% dividend of ₹0.50 per share.
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Outcome of Board Meeting
28 May 2026 - Board approved FY26 audited standalone and consolidated results; recommended 5% final dividend.
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