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 ₹ 293 Cr.
- Current Price ₹ 286
- High / Low ₹ 480 / 210
- Stock P/E 16.7
- Book Value ₹ 36.8
- Dividend Yield 0.18 %
- ROCE 52.5 %
- ROE 46.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.2%
Cons
- Stock is trading at 7.76 times its book value
- Debtor days have increased from 48.8 to 81.9 days.
- Working capital days have increased from 21.9 days to 60.3 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
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 | TTM | |
---|---|---|---|---|---|---|
10 | 21 | 41 | 55 | 65 | 69 | |
9 | 14 | 26 | 33 | 42 | 47 | |
Operating Profit | 2 | 7 | 15 | 22 | 23 | 22 |
OPM % | 18% | 35% | 37% | 40% | 35% | 32% |
1 | 0 | 1 | 1 | 4 | 2 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
Profit before tax | 2 | 7 | 16 | 23 | 25 | 22 |
Tax % | 10% | 29% | 12% | 35% | 23% | |
2 | 5 | 14 | 15 | 19 | 18 | |
EPS in Rs | 1.96 | 3.03 | 8.70 | 9.63 | 15.70 | 17.12 |
Dividend Payout % | 0% | 7% | 2% | 5% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 45% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 71% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 41% |
Last Year: | 47% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 3 | 4 | 4 | 10 | 10 | 10 |
Reserves | 3 | 15 | 19 | 24 | 20 | 28 |
3 | 1 | 0 | 4 | 5 | 4 | |
5 | 1 | 13 | 25 | 5 | 6 | |
Total Liabilities | 14 | 22 | 37 | 63 | 40 | 48 |
0 | 1 | 1 | 1 | 8 | 7 | |
CWIP | 0 | 0 | 0 | 7 | 0 | 0 |
Investments | 1 | 6 | 21 | 45 | 7 | 16 |
12 | 15 | 15 | 11 | 25 | 24 | |
Total Assets | 14 | 22 | 37 | 63 | 40 | 48 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
-0 | 5 | 16 | 20 | 7 | |
4 | -5 | -15 | -30 | 37 | |
4 | 3 | -1 | 3 | -41 | |
Net Cash Flow | 8 | 3 | 1 | -7 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 142 | 62 | 29 | 36 | 82 |
Inventory Days | |||||
Days Payable | |||||
Cash Conversion Cycle | 142 | 62 | 29 | 36 | 82 |
Working Capital Days | 95 | 47 | 13 | -7 | 60 |
ROCE % | 44% | 58% | 52% | 53% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
1d - Sigma Solve not classified as Large Corporate; SEBI disclosure requirements not applicable.
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Sigma Solve Limited Submitted Regulation 31(4) Of SEBI(SAST) Regulations, 2011
7 Apr - Yearly disclosure of shareholding by promoters.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Certificate under Regulation 74(5) for Q1 2025.
- Closure of Trading Window 26 Mar
-
Sigma Solve Limited Submitted Revised Limited Review Report For The Consolidation Financial Result For The Quarter Ended December 31, 2024
18 Mar - Clarification on Limited Review Report for financial results.
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