Sigma Advanced System Ltd

₹ 1,077 4.99%

01 Oct - close price

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 ₹ 20,453 Cr.
Current Price ₹ 1,077
High / Low ₹ 1,077 / 139
Stock P/E 123
Book Value ₹ 26.6
Dividend Yield 0.00 %
ROCE 11.7 %
ROE -4.03 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 40.5 times its book value
Promoter holding has decreased over last quarter: -4.98%
Company has a low return on equity of -5.63% over last 3 years.
Earnings include an other income of Rs.101 Cr.
Company has high debtors of 270 days.
Working capital days have increased from 86.3 days to 123 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 Nifty Total Market Nifty Microcap 250 BSE Industrials Nifty India Defence Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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	0	0	0	0	0	19	57	5	18	146	323	374
	3	2	2	1	2	2	19	40	20	17	139	268	313
Operating Profit	-3	-2	-2	-1	-2	-2	-0	16	-15	1	7	55	61
OPM %							-2.2%	29%	-291%	6%	4.6%	17%	16%
	11	11	8	8	8	9	13	13	188	4	5	89	3
Interest	4	4	4	5	4	4	5	5	4	0	5	11	8
Depreciation	1	1	1	1	1	1	1	1	1	1	6	7	8
Profit before tax	4	4	0	0	1	1	6	23	168	3	0	127	49
Tax %	14%	2%	0%	0%	0%	0%	22%	22%	18%	0%	550%	1%	22%
	3	-3	-5	-8	-17	-14	7	9	136	4	-1	128	35
EPS in Rs	0.47	-0.44	-0.65	-1.10	-2.27	-1.93	0.99	1.17	18.49	0.57	-0.14	7.29	1.36
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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	TTM
	98	63	67	66	62	57	59	52	2	0	107	492	861
	73	47	62	57	60	51	55	71	20	9	132	441	737
Operating Profit	25	16	6	10	2	5	4	-18	-18	-9	-24	51	124
OPM %	25%	25%	8%	14%	3.2%	9%	7%	-35%	-898%		-23%	10%	14%
	1	1	8	1	9	6	7	30	43	37	42	285	101
Interest	12	8	6	5	6	7	5	3	11	17	20	20	24
Depreciation	14	7	5	4	4	4	4	4	3	3	5	14	21
Profit before tax	0	2	2	1	1	1	2	5	11	8	-7	301	180
Tax %	-208%	26%	-24%	-55%	53%	-6%	0%	12%	0%	8%	102%	11%
	1	1	3	2	0	1	2	5	9	-13	-14	268	167
EPS in Rs	0.10	0.18	0.37	0.23	0.04	0.10	0.25	0.63	1.20	-1.73	-1.90	15.21	9.08
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:	964%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	20%

Stock Price CAGR
10 Years:	56%
5 Years:	120%
3 Years:	183%
1 Year:	594%

Return on Equity
10 Years:	-2%
5 Years:	-3%
3 Years:	-6%
Last Year:	-4%

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	131	292
	94	98	46	47	41	40	34	29	146	147	148	332
	49	56	96	114	144	151	141	73	38	38	116	259
Total Liabilities	312	282	273	297	322	331	317	286	377	366	468	1,059
	193	194	187	141	208	243	248	204	179	187	202	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	75	10
	108	88	86	98	83	89	69	82	65	66	192	714
Total Assets	312	282	273	297	322	331	317	286	377	366	468	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	19	-210
	-1	-12	9	-12	-38	-6	-3	-10	-133	10	20	278
	9	-3	-58	-4	-11	-8	-16	22	85	-17	-50	-57
Net Cash Flow	-6	1	-4	0	2	3	1	28	-33	15	-10	11
Free Cash Flow	-16	2	54	4	13	11	17	15	32	11	2	123
CFO/OP	-59%	107%	809%	170%	2,622%	323%	483%	-93%	-106%	-252%	-83%	-389%

Ratios

Consolidated / 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		201	270
Inventory Days											99	382
Days Payable											99	381
Cash Conversion Cycle	326	377	343	411	345	382	191	158	0		201	271
Working Capital Days	-138	-401	-259	-310	-555	-611	-581	-72	4,960		50	123
ROCE %	4%	4%	0%	3%	4%	4%	4%	2%	8%	8%	4%	12%

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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