Sigma Advanced System Ltd
Incorporated in 1999, Sigma Advanced Systems is a Hyderabad-based aerospace and defense manufacturing company[1]
- Market Cap ₹ 7,335 Cr.
- Current Price ₹ 416
- High / Low ₹ 446 / 79.5
- Stock P/E 26.4
- Book Value ₹ 26.6
- Dividend Yield 0.00 %
- ROCE 60.8 %
- ROE 90.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 172% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
- Promoter holding has increased by 36.2% over last quarter.
Cons
- Stock is trading at 15.7 times its book value
- Earnings include an other income of Rs.285 Cr.
- Company has high debtors of 270 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 | 63 | 67 | 66 | 62 | 57 | 59 | 52 | 2 | 0 | 0 | 492 | |
| 73 | 47 | 62 | 57 | 60 | 51 | 55 | 71 | 20 | 9 | 10 | 444 | |
| Operating Profit | 25 | 16 | 6 | 10 | 2 | 5 | 4 | -18 | -18 | -9 | -10 | 48 |
| OPM % | 25% | 25% | 8% | 14% | 3% | 9% | 7% | -35% | -898% | 14% | 10% | |
| 1 | 1 | 8 | 1 | 9 | 6 | 7 | 30 | 43 | 37 | 42 | 285 | |
| Interest | 12 | 8 | 6 | 5 | 6 | 7 | 5 | 3 | 11 | 17 | 18 | 20 |
| Depreciation | 14 | 7 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 14 |
| Profit before tax | 0 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | 11 | 8 | 8 | 299 |
| Tax % | -208% | 26% | -24% | -55% | 53% | -6% | 0% | 12% | 0% | 8% | 0% | 11% |
| 1 | 1 | 3 | 2 | 0 | 1 | 2 | 5 | 9 | -13 | -30 | 268 | |
| EPS in Rs | 0.10 | 0.18 | 0.37 | 0.23 | 0.04 | 0.10 | 0.25 | 0.63 | 1.20 | -1.73 | -4.06 | 15.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 53% |
| 3 Years: | 530% |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 71% |
| 5 Years: | 172% |
| 3 Years: | 228% |
| TTM: | 1026% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | 109% |
| 3 Years: | 132% |
| 1 Year: | 405% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 24% |
| 3 Years: | 36% |
| Last Year: | 91% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 126 | 84 | 87 | 91 | 93 | 96 | 97 | 111 | 120 | 107 | 70 | 292 |
| 94 | 98 | 46 | 47 | 41 | 40 | 34 | 29 | 146 | 147 | 139 | 332 | |
| 49 | 56 | 96 | 114 | 144 | 151 | 141 | 73 | 38 | 38 | 82 | 259 | |
| Total Liabilities | 312 | 282 | 273 | 297 | 322 | 331 | 317 | 286 | 377 | 366 | 364 | 1,059 |
| 193 | 194 | 187 | 141 | 208 | 243 | 248 | 204 | 179 | 187 | 200 | 325 | |
| CWIP | 0 | 0 | 0 | 58 | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Investments | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 133 | 112 | 67 | 10 |
| 108 | 88 | 86 | 98 | 83 | 89 | 69 | 82 | 65 | 66 | 97 | 714 | |
| Total Assets | 312 | 282 | 273 | 297 | 322 | 331 | 317 | 286 | 377 | 366 | 364 | 1,059 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -14 | 16 | 45 | 16 | 51 | 17 | 20 | 16 | 15 | 22 | 37 | -225 | |
| -1 | -12 | 9 | -12 | -38 | -6 | -3 | -10 | -133 | 10 | -19 | -6 | |
| 9 | -3 | -58 | -4 | -11 | -8 | -16 | 22 | 85 | -17 | -26 | 242 | |
| Net Cash Flow | -6 | 1 | -4 | 0 | 2 | 3 | 1 | 28 | -33 | 15 | -8 | 11 |
| Free Cash Flow | -16 | 2 | 54 | 4 | 13 | 11 | 17 | 15 | 32 | 11 | 19 | 108 |
| CFO/OP | -59% | 107% | 809% | 170% | 2,622% | 323% | 483% | -93% | -106% | -252% | -352% | -444% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 326 | 377 | 343 | 411 | 345 | 382 | 191 | 158 | 0 | 270 | ||
| Inventory Days | 382 | |||||||||||
| Days Payable | 381 | |||||||||||
| Cash Conversion Cycle | 326 | 377 | 343 | 411 | 345 | 382 | 191 | 158 | 0 | 271 | ||
| Working Capital Days | -138 | -401 | -259 | -310 | -555 | -611 | -581 | -72 | 4,960 | 123 | ||
| ROCE % | 4% | 4% | 0% | 3% | 4% | 4% | 4% | 2% | 8% | 8% | 9% | 61% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Nov 2023 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Geographic Revenue Share - APAC/India/EMEA % |
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| Leasable Property Area (IT Park) Million Sq. Ft. ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (LODR) Regulations, 2015, As Amended From Time To Time ('SEBI Listing Regulations')
1d - Board meeting on June 4, 2026 to consider preferential equity issue and EGM approval.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
27 May - Postal ballot seeks reappointment of Mr. Sivalenka Kalyan Vijay as independent director from June 28, 2026.
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Appointment of Company Secretary and Compliance Officer
25 May - May 25, 2026 board approved FY26 audited results, reappointed independent director, and changed company secretary.
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Announcement under Regulation 30 (LODR)-Change in Management
25 May - On May 25, 2026, board approved FY26 audited results, reappointed independent director, and changed Company Secretary.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
25 May - Board approved FY26 audited results, reappointed independent director, accepted CS resignation, appointed new CS, and paid Reg 17 fine.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Business Overview:[1]
MSL is focused on Pharma, Aerospace and Defense Electronics areas, is in the process of acquiring a few companies, and intend to provide centralized corporate, technology, finance, leadership /management support services to such subsidiaries /associate companies