Sigma Solve Ltd

Sigma Solve Ltd

₹ 374 -1.80%
11 Dec 4:00 p.m.
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 385 Cr.
  • Current Price 374
  • High / Low 516 / 302
  • Stock P/E 21.5
  • Book Value 36.8
  • Dividend Yield 0.13 %
  • 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 10.2 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
11.98 15.56 14.54 13.68 16.29 16.30 16.24 16.22 16.00 17.05
7.99 8.36 9.55 6.36 10.52 10.49 10.32 10.26 11.26 11.77
Operating Profit 3.99 7.20 4.99 7.32 5.77 5.81 5.92 5.96 4.74 5.28
OPM % 33.31% 46.27% 34.32% 53.51% 35.42% 35.64% 36.45% 36.74% 29.62% 30.97%
-0.68 0.02 0.53 0.65 1.20 1.24 0.41 0.31 0.75 0.59
Interest 0.00 0.01 0.01 0.00 0.01 0.11 0.10 0.10 0.09 0.17
Depreciation 0.08 0.08 -0.04 0.25 0.12 0.32 0.32 0.33 0.26 0.25
Profit before tax 3.23 7.13 5.55 7.72 6.84 6.62 5.91 5.84 5.14 5.45
Tax % 21.36% 22.86% 34.95% 12.69% 21.78% 38.52% 22.50% 9.08% 23.54% 24.59%
2.53 5.50 3.62 6.73 5.35 4.07 4.59 5.32 3.93 4.11
EPS in Rs 2.46 5.34 2.36 3.98 3.47 2.59 4.47 5.18 3.82 4.00
Raw PDF

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 66
9 14 26 33 42 44
Operating Profit 2 7 15 22 23 22
OPM % 18% 35% 37% 40% 35% 33%
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 17.47
Dividend Payout % 0% 7% 2% 5% 3%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 45%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 71%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 18%
1 Year: -16%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Mar 2022Sep 2022Oct 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22% 73.22%
26.78% 26.79% 26.78% 26.78% 26.78% 26.78% 26.79% 26.78% 26.78% 26.78% 26.78% 26.78%
No. of Shareholders 1251091622352512876,5489,57412,72615,39715,54715,220

Documents