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 ₹ 472 Cr.
- Current Price ₹ 46.0
- High / Low ₹ 65.5 / 27.5
- Stock P/E 18.6
- Book Value ₹ 6.04
- Dividend Yield 0.11 %
- 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 44.5%
Cons
- Stock is trading at 7.63 times its book value
- Debtor days have increased from 72.6 to 100 days.
- Working capital days have increased from 38.2 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 | 56 | 65 | 76 | 95 | |
| 9 | 14 | 26 | 33 | 42 | 50 | 64 | |
| Operating Profit | 2 | 7 | 15 | 23 | 23 | 26 | 30 |
| OPM % | 18% | 35% | 37% | 41% | 35% | 34% | 32% |
| 1 | 0 | 1 | 1 | 4 | 1 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 7 | 16 | 24 | 25 | 26 | 34 |
| Tax % | 10% | 29% | 12% | 22% | 23% | 26% | |
| 2 | 5 | 14 | 18 | 19 | 19 | 25 | |
| EPS in Rs | 0.20 | 0.30 | 0.87 | 1.14 | 1.57 | 1.86 | 2.46 |
| Dividend Payout % | 0% | 7% | 2% | 4% | 3% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 23% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 29% |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 94% |
| 3 Years: | 30% |
| 1 Year: | 67% |
| 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 | 26 | 20 | 39 | 52 |
| 3 | 1 | 0 | 4 | 5 | 4 | 3 | |
| 5 | 1 | 13 | 24 | 5 | 8 | 12 | |
| Total Liabilities | 14 | 22 | 37 | 64 | 40 | 62 | 77 |
| 0 | 1 | 1 | 1 | 8 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 7 | 0 | 0 | 0 |
| Investments | 1 | 6 | 21 | 44 | 7 | 17 | 39 |
| 12 | 15 | 15 | 13 | 25 | 38 | 32 | |
| Total Assets | 14 | 22 | 37 | 64 | 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 | -31 | 36 | -21 | |
| 4 | 3 | -1 | 3 | -41 | -2 | |
| Net Cash Flow | 8 | 3 | 1 | -7 | 3 | -5 |
| Free Cash Flow | 0 | 5 | 16 | 13 | 6 | 18 |
| CFO/OP | -11% | 101% | 123% | 105% | 73% | 84% |
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 | 35 | 82 | 100 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 142 | 62 | 29 | 35 | 82 | 100 |
| Working Capital Days | 3 | 43 | 9 | -13 | 49 | 78 |
| ROCE % | 44% | 58% | 52% | 52% | 59% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Total Employees Number |
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| Client Retention Rate % |
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| Order Book USD |
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| Revenue from Recurring Clients % |
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| Total Clients Served (Cumulative) Number |
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| Total Projects Completed (Cumulative) Number |
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| Order Pipeline USD |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Sigma solve Limited submit its certificate under reg 74(5) of SEBI (Dp) Regulation 2018
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Sigma Solve Limited Submit Its Annual SAST Disclosure For The Year 2025-2026
3 Apr - Sigma Solve filed yearly Regulation 31(4) promoter and promoter group disclosure for year ended 31 March 2026.
- Closure of Trading Window 1 Apr
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Change In Constitution Of Committees
18 Mar - March 18, 2026: Sigma Solve reconstituted Audit, Nomination & Remuneration, Stakeholders committees.
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Board Meeting Outcome for Outcome Of Board Meeting
18 Mar - Sharmeel Sanjay Gandhi and Nitin Pramukhlal Patel resigned effective 16 Mar 2026; committees reconstituted.
Annual reports
Concalls
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Dec 2022TranscriptAI SummaryPPT
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