Sigma Solve Ltd
Incorporated in 2010, Sigma Solve Ltd is in the business of IT Services & Consulting[1]
Sigma Solve builds state of the art custom enterprise apps that generate & maximize revenues with unique mobile app development solutions
- Market Cap ₹ 413 Cr.
- Current Price ₹ 40.2
- High / Low ₹ 65.5 / 35.5
- Stock P/E 59.4
- Book Value ₹ 2.73
- Dividend Yield 0.12 %
- ROCE 35.5 %
- ROE 28.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 52.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.7%
Cons
- Stock is trading at 14.7 times its book value
* 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
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.71 | 1.82 | 2.04 | 2.50 | 3.37 | 5.54 | 7.49 | 10.78 | 17.76 | 27.66 | 31.94 | 38.52 | |
| 1.56 | 1.62 | 1.77 | 2.23 | 2.95 | 4.72 | 6.41 | 9.73 | 15.24 | 21.90 | 23.99 | 29.54 | |
| Operating Profit | 0.15 | 0.20 | 0.27 | 0.27 | 0.42 | 0.82 | 1.08 | 1.05 | 2.52 | 5.76 | 7.95 | 8.98 |
| OPM % | 8.77% | 10.99% | 13.24% | 10.80% | 12.46% | 14.80% | 14.42% | 9.74% | 14.19% | 20.82% | 24.89% | 23.31% |
| 0.02 | 0.01 | 0.00 | 0.08 | 0.12 | 0.15 | 0.30 | 0.60 | 0.50 | 1.01 | 0.78 | 1.68 | |
| Interest | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.03 | 0.04 | 0.03 | 0.01 | 0.33 | 0.42 | 0.36 |
| Depreciation | 0.04 | 0.06 | 0.10 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.18 | 0.80 | 0.92 | 0.87 |
| Profit before tax | 0.13 | 0.15 | 0.16 | 0.27 | 0.47 | 0.87 | 1.28 | 1.55 | 2.83 | 5.64 | 7.39 | 9.43 |
| Tax % | 23.08% | 26.67% | 25.00% | 14.81% | 27.66% | 25.29% | 25.78% | 20.65% | 31.80% | 25.53% | 24.49% | 26.30% |
| 0.10 | 0.11 | 0.12 | 0.23 | 0.35 | 0.65 | 0.95 | 1.22 | 1.93 | 4.21 | 5.57 | 6.95 | |
| EPS in Rs | 3.33 | 3.67 | 4.00 | 7.67 | 11.67 | 0.09 | 0.09 | 0.12 | 0.19 | 0.41 | 0.54 | 0.68 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 21.63% | 16.84% | 26.63% | 12.21% | 9.23% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 39% |
| 3 Years: | 29% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 53% |
| 3 Years: | 53% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 10% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 25% |
| 3 Years: | 29% |
| Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 3.01 | 4.11 | 4.11 | 10.28 | 10.28 | 10.28 | 10.28 |
| Reserves | 0.15 | 0.27 | 0.39 | 0.54 | 0.89 | 0.65 | 5.46 | 6.47 | 2.45 | 6.14 | 11.22 | 17.82 |
| 0.16 | 0.00 | 0.06 | 0.23 | 0.77 | 0.34 | 0.18 | 0.41 | 3.86 | 4.82 | 3.63 | 1.99 | |
| 0.19 | 0.36 | 0.25 | 0.34 | 0.59 | 0.95 | 0.69 | 1.10 | 2.78 | 3.49 | 4.72 | 5.04 | |
| Total Liabilities | 0.51 | 0.64 | 0.71 | 1.12 | 2.26 | 4.95 | 10.44 | 12.09 | 19.37 | 24.73 | 29.85 | 35.13 |
| 0.05 | 0.23 | 0.23 | 0.17 | 0.19 | 0.15 | 0.14 | 0.19 | 0.44 | 7.66 | 6.97 | 6.33 | |
| CWIP | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 6.58 | 0.00 | 0.00 | 0.00 |
| Investments | 0.23 | 0.24 | 0.20 | 0.57 | 1.31 | 2.98 | 7.87 | 8.32 | 4.62 | 5.31 | 5.56 | 5.59 |
| 0.10 | 0.17 | 0.28 | 0.38 | 0.76 | 1.81 | 2.42 | 3.58 | 7.73 | 11.76 | 17.32 | 23.21 | |
| Total Assets | 0.51 | 0.64 | 0.71 | 1.12 | 2.26 | 4.95 | 10.44 | 12.09 | 19.37 | 24.73 | 29.85 | 35.13 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.26 | 0.30 | 0.29 | 0.07 | 0.35 | 1.20 | 1.66 | 13.26 | 11.07 | |
| 0.00 | 0.00 | 0.00 | -0.38 | -0.83 | -1.85 | -4.87 | -0.04 | -4.25 | -2.33 | -11.08 | -2.61 | |
| 0.00 | 0.00 | 0.00 | 0.10 | 0.55 | 1.57 | 4.81 | 0.02 | 3.23 | 0.14 | -2.11 | -2.56 | |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | -0.02 | 0.01 | 0.00 | 0.01 | 0.33 | 0.18 | -0.54 | 0.07 | 5.90 |
| Free Cash Flow | 0.00 | 0.00 | 0.00 | 0.25 | 0.21 | 0.25 | 0.03 | 0.23 | -5.82 | 0.23 | 13.03 | 10.89 |
| CFO/OP | 0% | 0% | 0% | 119% | 93% | 61% | 39% | 70% | 67% | 49% | 182% | 148% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4.27 | 18.05 | 32.21 | 45.26 | 73.65 | 96.19 | 89.67 | 104.62 | 101.73 | 111.24 | 32.23 | 0.28 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 4.27 | 18.05 | 32.21 | 45.26 | 73.65 | 96.19 | 89.67 | 104.62 | 101.73 | 111.24 | 32.23 | 0.28 |
| Working Capital Days | -57.63 | -46.13 | -7.16 | -17.52 | -57.40 | 16.47 | 51.66 | 62.30 | 41.72 | 53.31 | -15.54 | -8.81 |
| ROCE % | 42.11% | 50.00% | 45.95% | 33.87% | 34.29% | 28.92% | 17.02% | 13.21% | 20.59% | 31.56% | 33.69% | 35.46% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Total Employees Number |
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| Order Book USD |
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| Revenue from Recurring Clients % |
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| Total Clients Served (Cumulative) Number |
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| Order Pipeline USD |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 May - Sigma solve Limited Provide their Newspaper Publication of Financial result
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Statement Of Deviation
19 May - IPO proceeds deviation report for year ended March 31, 2026; Rs31.57 lakh unutilized, no change in utilised amount.
- Financial Result For The Year Ended March 31 2026 19 May
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Board Meeting Outcome for Outcome Of Board Meeting
19 May - Board approved FY2026 audited standalone and consolidated results; appointed internal auditor for FY2026-27.
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Board Meeting Intimation for Financial Result For The Quarter And Year Ended March 31 2026
13 May - Board meets 19 May 2026 to approve FY26 audited results and appoint internal auditor.
Annual reports
Concalls
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Dec 2022TranscriptAI SummaryPPT
Business Overview:[1][2]
SSL is an enterprise software solutions company. It is in the business of selling plugins. These plugins are categorized and sold by the company from its digital store. Also, company offers turnkey consultancy services. In association with group entity Sigma Solve, company provide services related to Web & E-
commerce Development, Real Time Application development, Business Intelligence Analytics, CRM Development, Digital Marketing, UI & UX Design, Automation Testing and Quality Assurance. Company has its offices at Florida (USA), Atlanta (Home Office), Australia (Home Office), and Ahmedabad