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 ₹ 569 Cr.
- Current Price ₹ 55.4
- High / Low ₹ 65.5 / 21.0
- Stock P/E 24.8
- Book Value ₹ 6.03
- Dividend Yield 0.09 %
- ROCE 58.8 %
- ROE 47.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 68.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.6%
Cons
- Stock is trading at 9.17 times its book value
- Debtor days have increased from 72.6 to 100 days.
- Working capital days have increased from 38.1 days to 78.1 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 10 | 21 | 41 | 55 | 65 | 76 | 89 | |
| 9 | 14 | 26 | 33 | 42 | 50 | 61 | |
| Operating Profit | 2 | 7 | 15 | 22 | 23 | 26 | 28 |
| OPM % | 18% | 35% | 37% | 40% | 35% | 34% | 32% |
| 1 | 0 | 1 | 1 | 4 | 1 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 7 | 16 | 23 | 25 | 26 | 31 |
| Tax % | 10% | 29% | 12% | 35% | 23% | 26% | |
| 2 | 5 | 14 | 15 | 19 | 19 | 23 | |
| EPS in Rs | 0.20 | 0.30 | 0.87 | 0.96 | 1.57 | 1.86 | 2.22 |
| Dividend Payout % | 0% | 7% | 2% | 5% | 3% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 23% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 29% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 33% |
| 1 Year: | 56% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 44% |
| Last Year: | 48% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 4 | 4 | 10 | 10 | 10 | 10 |
| Reserves | 3 | 15 | 19 | 24 | 20 | 39 | 52 |
| 3 | 1 | 0 | 4 | 5 | 4 | 3 | |
| 5 | 1 | 13 | 25 | 5 | 8 | 12 | |
| Total Liabilities | 14 | 22 | 37 | 63 | 40 | 62 | 77 |
| 0 | 1 | 1 | 1 | 8 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 7 | 0 | 0 | 0 |
| Investments | 1 | 6 | 21 | 45 | 7 | 17 | 39 |
| 12 | 15 | 15 | 11 | 25 | 38 | 32 | |
| Total Assets | 14 | 22 | 37 | 63 | 40 | 62 | 77 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0 | 5 | 16 | 20 | 7 | 18 | |
| 4 | -5 | -15 | -30 | 36 | -21 | |
| 4 | 3 | -1 | 3 | -41 | -2 | |
| Net Cash Flow | 8 | 3 | 1 | -7 | 3 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 142 | 62 | 29 | 36 | 82 | 100 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 142 | 62 | 29 | 36 | 82 | 100 |
| Working Capital Days | 3 | 43 | 9 | -13 | 49 | 78 |
| ROCE % | 44% | 58% | 52% | 53% | 59% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Nov - Newspaper Publication for the Unaudited Financial result for the Quarter and half year ended September 30 2025
-
Sigma Solve Limited Provides Media Release Regarding Performance Of The Company
31 Oct - Q2 FY25-26 consolidated revenue ₹2,715L (19% YoY), net profit ₹665.3L; 1:10 share split; ₹0.50 dividend.
-
Statement Of Deviation
31 Oct - IPO proceeds variation: Rs31.57L unutilized public issue expenses reclassified; Rs265.45L utilised, shareholder-approved Sept 19, 2022.
- Sigma Solve Limited Intimate About Their Financial Result For The Quarter Ended September 30 2025 31 Oct
-
Board Meeting Outcome for Sigma Solve Limited Intimate About Their Financial Result For The Quarter And Half Year Ended September 30 , 2025
31 Oct - Sigma Solve approved unaudited standalone and consolidated results for quarter/half year ended 30 Sept 2025.
Annual reports
Concalls
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
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