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 ₹ 433 Cr.
- Current Price ₹ 42.2
- High / Low ₹ 64.5 / 35.5
- Stock P/E 57.1
- Book Value ₹ 2.73
- Dividend Yield 1.19 %
- ROCE 35.9 %
- ROE 28.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 52.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Cons
- Stock is trading at 15.4 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.71 | 1.82 | 2.04 | 2.50 | 3.37 | 5.54 | 7.49 | 10.78 | 17.76 | 27.66 | 31.94 | 38.49 | 38.35 | |
| 1.56 | 1.62 | 1.77 | 2.23 | 2.95 | 4.72 | 6.41 | 9.73 | 15.24 | 21.90 | 23.99 | 29.40 | 28.73 | |
| Operating Profit | 0.15 | 0.20 | 0.27 | 0.27 | 0.42 | 0.82 | 1.08 | 1.05 | 2.52 | 5.76 | 7.95 | 9.09 | 9.62 |
| OPM % | 8.77% | 10.99% | 13.24% | 10.80% | 12.46% | 14.80% | 14.42% | 9.74% | 14.19% | 20.82% | 24.89% | 23.62% | 25.08% |
| 0.02 | 0.01 | 0.00 | 0.08 | 0.12 | 0.15 | 0.30 | 0.60 | 0.50 | 1.01 | 0.78 | 1.59 | 1.79 | |
| Interest | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.03 | 0.04 | 0.03 | 0.01 | 0.33 | 0.42 | 0.38 | 0.33 |
| 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 | 0.85 |
| 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 | 10.23 |
| 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 | 7.59 | |
| EPS in Rs | 0.03 | 0.04 | 0.04 | 0.08 | 0.12 | 0.09 | 0.09 | 0.12 | 0.19 | 0.41 | 0.54 | 0.68 | 0.73 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 21.63% | 16.84% | 26.63% | 12.21% | 9.23% | 7.40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 39% |
| 3 Years: | 29% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 52% |
| 5 Years: | 53% |
| 3 Years: | 54% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | -5% |
| 1 Year: | -19% |
| 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 | -2.57 | |
| 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 | 5.89 |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 0% | 0% | 0% | 119% | 93% | 61% | 39% | 70% | 67% | 49% | 182% | 147% |
Ratios
Standalone / 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 | -15.43 | -8.72 |
| ROCE % | 42.11% | 50.00% | 45.95% | 33.87% | 34.29% | 28.92% | 17.02% | 13.21% | 20.59% | 31.56% | 33.69% | 35.86% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Total Employees No. |
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| Project Pipeline (Total) No. |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter and half-year ended September 30, 2026.
-
Closure of Trading Window
- Trading window closed from 1 Oct 2026 until 48 hours after half-year results.
-
Appointment Of IR(Investor Relation) Agency
- Sigma Solve appoints HI CARE CAPITAL ADVISORS LLP as IR agency effective 25 September 2026 and updates investor email.
- Scrutinizer''s Report And Voting Result
- Shareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from nse
-
Annual Report 2021
from nse
Concalls
-
Feb 2024Transcript PPT
-
Dec 2023Transcript PPT
-
Aug 2023PPT
-
May 2023PPT
-
Dec 2022PPT
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, co.
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. The company
has its offices at Florida (USA), Atlanta
(Home Office), Australia (Home Office),
and Ahmedabad