Sigma Solve Ltd

Sigma Solve Ltd

₹ 415 3.23%
03 May - close price
About

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

Key Points

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

  • Market Cap 427 Cr.
  • Current Price 415
  • High / Low 579 / 225
  • Stock P/E 174
  • Book Value 13.3
  • Dividend Yield 0.12 %
  • ROCE 20.5 %
  • ROE 16.6 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.8%

Cons

  • Stock is trading at 31.2 times its book value
  • Company has a low return on equity of 13.5% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
3.61 4.19 4.90 5.06 5.93 6.54 6.78
3.11 3.51 4.04 4.58 4.95 5.63 5.59
Operating Profit 0.50 0.68 0.86 0.48 0.98 0.91 1.19
OPM % 13.85% 16.23% 17.55% 9.49% 16.53% 13.91% 17.55%
-0.06 0.41 0.12 0.03 0.26 0.22 0.28
Interest 0.00 0.00 0.01 0.01 0.01 0.11 0.10
Depreciation 0.03 0.03 -0.01 0.13 0.05 0.24 0.25
Profit before tax 0.41 1.06 0.98 0.37 1.18 0.78 1.12
Tax % 24.39% 23.58% 33.67% 56.76% 22.03% 28.21% 26.79%
0.31 0.81 0.66 0.15 0.93 0.56 0.82
EPS in Rs 0.30 0.79 0.64 0.15 0.90 0.54 0.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.44 0.68 1.38 1.71 1.82 2.04 2.50 3.37 5.54 7.49 10.78 17.76 24.31
0.42 0.63 1.31 1.56 1.62 1.77 2.23 2.95 4.72 6.41 9.73 15.30 20.75
Operating Profit 0.02 0.05 0.07 0.15 0.20 0.27 0.27 0.42 0.82 1.08 1.05 2.46 3.56
OPM % 4.55% 7.35% 5.07% 8.77% 10.99% 13.24% 10.80% 12.46% 14.80% 14.42% 9.74% 13.85% 14.64%
0.00 0.00 0.01 0.02 0.01 0.00 0.08 0.12 0.15 0.30 0.60 0.51 0.79
Interest 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.03 0.04 0.03 0.03 0.23
Depreciation 0.01 0.03 0.03 0.04 0.06 0.10 0.07 0.07 0.07 0.06 0.07 0.18 0.67
Profit before tax 0.01 0.01 0.05 0.13 0.15 0.16 0.27 0.47 0.87 1.28 1.55 2.76 3.45
Tax % 0.00% 0.00% 40.00% 23.08% 26.67% 25.00% 14.81% 27.66% 25.29% 25.78% 20.65% 31.16%
0.01 0.01 0.04 0.10 0.11 0.12 0.23 0.35 0.65 0.95 1.22 1.91 2.46
EPS in Rs 0.87 0.92 1.18 1.86 2.39
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.63% 16.84% 26.91%
Compounded Sales Growth
10 Years: %
5 Years: 48%
3 Years: 47%
TTM: 65%
Compounded Profit Growth
10 Years: %
5 Years: 60%
3 Years: 48%
TTM: 81%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 182%
1 Year: 74%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 13%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 3.01 4.11 4.11 10.28 10.28
Reserves 0.01 0.01 0.06 0.15 0.27 0.39 0.54 0.89 0.65 5.46 6.47 2.01 3.38
0.08 0.21 0.18 0.16 0.00 0.06 0.23 0.77 0.34 0.18 0.41 3.86 5.52
0.03 0.04 0.14 0.19 0.36 0.25 0.34 0.59 0.95 0.69 1.10 2.73 4.02
Total Liabilities 0.13 0.27 0.39 0.51 0.64 0.71 1.12 2.26 4.95 10.44 12.09 18.88 23.20
0.03 0.10 0.08 0.05 0.23 0.23 0.17 0.19 0.15 0.14 0.19 0.44 8.11
CWIP 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.01 0.01 0.00 6.58 0.00
Investments 0.00 0.00 0.22 0.23 0.24 0.20 0.57 1.31 2.98 7.87 8.32 5.84 4.98
0.10 0.17 0.09 0.10 0.17 0.28 0.38 0.76 1.81 2.42 3.58 6.02 10.11
Total Assets 0.13 0.27 0.39 0.51 0.64 0.71 1.12 2.26 4.95 10.44 12.09 18.88 23.20

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.30 0.29 0.07 0.35 1.22
0.00 0.00 0.00 0.00 0.00 0.00 -0.38 -0.83 -1.85 -4.87 -0.04 -4.27
0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.55 1.57 4.81 0.02 3.23
Net Cash Flow 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 0.01 0.00 0.01 0.33 0.18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74.66 26.84 2.64 4.27 18.05 32.21 45.26 73.65 96.19 89.67 104.62 101.73
Inventory Days
Days Payable
Cash Conversion Cycle 74.66 26.84 2.64 4.27 18.05 32.21 45.26 73.65 96.19 89.67 104.62 101.73
Working Capital Days 33.18 0.00 -31.74 -53.36 -46.13 -3.58 8.76 22.74 37.55 60.43 76.18 58.57
ROCE % 12.12% 42.11% 50.00% 45.95% 33.87% 34.29% 28.92% 17.02% 13.21% 20.49%

Shareholding Pattern

Numbers in percentages

3 Recently
Oct 2020Mar 2021Sep 2021Mar 2022Sep 2022Oct 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22%
26.79% 26.78% 26.79% 26.78% 26.78% 26.78% 26.78% 26.79% 26.78% 26.78% 26.78%
No. of Shareholders 2481251091622352512876,5489,57412,72615,397

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