Sigma Advanced System Ltd

₹ 965 2.47%

24 Sep 10:22 a.m.

sigmaadvsys.com BSE: 532408 NSE: SIGMAADV

About

Incorporated in 1999, Sigma Advanced Systems is a Hyderabad-based aerospace and defense manufacturing company^[1]

Key Points

Business Overview:^[1]^[2]
Sigma is positioned as a Tier‑1, integrated aerospace & defence player with a dual manufacturing footprint in the UK and India.

Website BSE NSE - BE

Market Cap ₹ 18,327 Cr.
Current Price ₹ 965
High / Low ₹ 970 / 139
Stock P/E 252
Book Value ₹ 26.9
Dividend Yield 0.00 %
ROCE 10.5 %
ROE -5.34 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 34.8 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -4.98%
Company has a low return on equity of 1.59% over last 3 years.
Earnings include an other income of Rs.47.5 Cr.
Company has high debtors of 330 days.
Working capital days have increased from 170 days to 291 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

Industrials Capital Goods Aerospace & Defense Aerospace & Defense

Part of BSE Industrials

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.00	0.00	0.00	0.00	0.00	0.00	18.99	56.73	0.00	18.15	28.59	105.70	41.33
	2.60	2.48	2.39	1.44	1.82	2.11	19.40	39.61	15.94	17.10	24.46	77.17	31.50
Operating Profit	-2.60	-2.48	-2.39	-1.44	-1.82	-2.11	-0.41	17.12	-15.94	1.05	4.13	28.53	9.83
OPM %							-2.16%	30.18%		5.79%	14.45%	26.99%	23.78%
	11.21	10.80	7.73	7.61	7.61	8.56	12.98	12.06	187.65	3.76	12.89	24.67	6.22
Interest	4.17	4.14	4.21	4.54	4.22	4.49	4.85	5.22	3.42	0.22	2.43	3.62	2.28
Depreciation	0.67	0.67	0.67	1.17	1.04	1.05	1.27	1.31	0.85	1.03	1.05	1.08	1.05
Profit before tax	3.77	3.51	0.46	0.46	0.53	0.91	6.45	22.65	167.44	3.56	13.54	48.50	12.72
Tax %	14.59%	2.28%	0.00%	0.00%	0.00%	0.00%	21.86%	21.85%	18.51%	0.00%	3.84%	3.77%	24.84%
	3.22	3.42	0.46	0.46	0.54	0.91	5.04	17.71	136.44	3.56	13.01	46.66	9.57
EPS in Rs	0.44	0.46	0.06	0.06	0.07	0.12	0.68	2.40	18.50	0.48	1.76	2.65	0.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	51	29	31	29	24	20	16	14	2	0	107	158	194
	45	26	35	31	28	19	16	33	20	9	92	139	150
Operating Profit	6	3	-4	-3	-5	1	1	-18	-18	-9	16	19	44
OPM %	11%	11%	-14%	-9%	-20%	6%	4.2%	-131%	-898%		14%	12%	22%
	1	1	8	1	10	6	7	30	43	37	42	229	48
Interest	3	2	2	3	4	4	3	2	11	17	20	10	9
Depreciation	3	1	1	1	1	3	3	3	3	3	5	4	4
Profit before tax	0	1	1	-6	1	1	1	6	11	8	32	234	78
Tax %	-425%	53%	-84%	-11%	46%	-8%	-1%	10%	0%	8%	22%	14%
	1	0	1	-5	0	1	1	6	11	8	25	201	73
EPS in Rs	0.08	0.06	0.15	-0.67	0.06	0.08	0.19	0.76	1.56	1.02	3.43	11.38	5.43
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	18%
5 Years:	57%
3 Years:	331%
TTM:	156%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-55%

Stock Price CAGR
10 Years:	53%
5 Years:	120%
3 Years:	171%
1 Year:	466%

Return on Equity
10 Years:	1%
5 Years:	2%
3 Years:	2%
Last Year:	-5%

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	44	44	44	44	44	44	44	74	74	74	74	176
Reserves	130	101	102	97	103	104	105	111	122	130	200	298
	17	17	16	17	12	9	6	29	146	147	148	71
	18	20	66	94	127	133	123	43	38	38	116	81
Total Liabilities	210	182	228	253	287	291	278	256	380	389	538	626
	47	61	55	13	105	135	138	185	179	187	202	28
CWIP	0	0	0	58	31	0	0	0	0	0	0	0
Investments	69	56	56	56	34	34	34	7	136	136	144	10
	94	65	117	126	117	122	107	65	64	66	191	589
Total Assets	210	182	228	253	287	291	278	256	380	389	538	626

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
	1	6	3	18	48	7	11	23	13	23	59	-135
	-1	-3	-2	-16	-39	-1	-1	-42	-147	10	-19	227
	-3	-2	-2	-2	-9	-7	-10	51	103	-17	-51	-90
Net Cash Flow	-3	0	-2	-0	1	-1	0	32	-30	15	-10	2
Free Cash Flow	-0	-8	0	2	10	7	10	23	17	11	42	219
CFO/OP	14%	197%	-45%	-670%	-1,040%	621%	1,574%	-128%	-73%	-253%	388%	-657%

Ratios

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
Debtor Days	437	409	424	610	590	800	626	232	0		201	330
Inventory Days											99	57
Days Payable											99	185
Cash Conversion Cycle	437	409	424	610	590	800	626	232	0		201	202
Working Capital Days	416	347	511	-532	-1,179	-1,269	-1,487	138	4,964		50	291
ROCE %	2%	2%	-3%	-1%	3%	3%	3%	3%	8%	7%	14%	11%

Insights

In beta

Jun 2026

Aerospace Sub-assemblies Mix - Commercial Share (Nasmyth)
%

xx
xx
xx
xx
xxx,xxx
x
xx
xxx

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Defense Sub-systems Revenue Mix - Missiles Share
%

International Export Markets
count

International Revenue Share
%

Manufacturing Footprint
sq ft

Number of Manufacturing Locations
count

Orderbook Mix - Commercial Share
%

Total Employee Count (FTEs)
FTEs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Jul 2026
	43.77%	43.54%	42.77%	35.07%	35.07%	35.07%	35.07%	35.07%	35.07%	71.22%	71.22%	66.24%
	0.00%	0.05%	0.07%	0.14%	0.14%	0.13%	0.19%	0.51%	0.23%	0.07%	0.24%	0.13%
	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%
	56.11%	56.40%	57.16%	64.79%	64.79%	64.78%	64.73%	64.42%	64.69%	28.70%	28.52%	33.61%
No. of Shareholders	30,950	33,636	34,180	36,032	35,199	34,566	32,591	32,808	33,798	33,623	46,289	49,801

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jul 2026
	7.24%	7.24%	7.23%	7.24%	0.00%	43.77%	43.77%	43.54%	35.07%	71.22%	66.24%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.13%	0.07%	0.13%
	8.57%	8.59%	8.57%	8.57%	8.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
	84.19%	84.17%	84.20%	84.19%	91.43%	56.23%	56.25%	56.40%	64.78%	28.70%	33.61%
No. of Shareholders	26,058	24,380	23,426	22,573	22,229	33,882	33,109	33,636	34,566	33,623	49,801

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Sigma Advanced System Ltd

Sigma Advanced System Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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