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 ₹ 536 Cr.
- Current Price ₹ 52.0
- High / Low ₹ 65.5 / 21.0
- Stock P/E 103
- Book Value ₹ 2.09
- Dividend Yield 0.10 %
- ROCE 33.7 %
- ROE 29.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 56.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.9%
- Debtor days have improved from 81.7 to 32.2 days.
Cons
- Stock is trading at 24.9 times its book value
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1.38 | 1.71 | 1.82 | 2.04 | 2.50 | 3.37 | 5.54 | 7.49 | 10.78 | 17.76 | 27.66 | 31.94 | 32.60 | |
1.31 | 1.56 | 1.62 | 1.77 | 2.23 | 2.95 | 4.72 | 6.41 | 9.73 | 15.24 | 21.90 | 23.99 | 25.30 | |
Operating Profit | 0.07 | 0.15 | 0.20 | 0.27 | 0.27 | 0.42 | 0.82 | 1.08 | 1.05 | 2.52 | 5.76 | 7.95 | 7.30 |
OPM % | 5.07% | 8.77% | 10.99% | 13.24% | 10.80% | 12.46% | 14.80% | 14.42% | 9.74% | 14.19% | 20.82% | 24.89% | 22.39% |
0.01 | 0.02 | 0.01 | 0.00 | 0.08 | 0.12 | 0.15 | 0.30 | 0.60 | 0.50 | 1.01 | 0.78 | 0.92 | |
Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.03 | 0.04 | 0.03 | 0.01 | 0.33 | 0.42 | 0.39 |
Depreciation | 0.03 | 0.04 | 0.06 | 0.10 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.18 | 0.80 | 0.92 | 0.91 |
Profit before tax | 0.05 | 0.13 | 0.15 | 0.16 | 0.27 | 0.47 | 0.87 | 1.28 | 1.55 | 2.83 | 5.64 | 7.39 | 6.92 |
Tax % | 40.00% | 23.08% | 26.67% | 25.00% | 14.81% | 27.66% | 25.29% | 25.78% | 20.65% | 31.80% | 25.53% | 24.49% | |
0.04 | 0.10 | 0.11 | 0.12 | 0.23 | 0.35 | 0.65 | 0.95 | 1.22 | 1.93 | 4.21 | 5.57 | 5.18 | |
EPS in Rs | 1.33 | 3.33 | 3.67 | 4.00 | 7.67 | 11.67 | 0.09 | 0.09 | 0.12 | 0.19 | 0.41 | 0.54 | 0.51 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 21.63% | 16.84% | 26.63% | 12.21% | 9.23% |
Compounded Sales Growth | |
---|---|
10 Years: | 34% |
5 Years: | 42% |
3 Years: | 44% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 51% |
5 Years: | 57% |
3 Years: | 74% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
1 Year: | 41% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 22% |
3 Years: | 26% |
Last Year: | 29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 3.01 | 4.11 | 4.11 | 10.28 | 10.28 | 10.28 |
Reserves | 0.06 | 0.15 | 0.27 | 0.39 | 0.54 | 0.89 | 0.65 | 5.46 | 6.47 | 2.45 | 6.14 | 11.22 |
0.18 | 0.16 | 0.00 | 0.06 | 0.23 | 0.77 | 0.34 | 0.18 | 0.41 | 3.86 | 4.82 | 3.63 | |
0.14 | 0.19 | 0.36 | 0.25 | 0.34 | 0.59 | 0.95 | 0.69 | 1.10 | 2.78 | 3.49 | 4.72 | |
Total Liabilities | 0.39 | 0.51 | 0.64 | 0.71 | 1.12 | 2.26 | 4.95 | 10.44 | 12.09 | 19.37 | 24.73 | 29.85 |
0.08 | 0.05 | 0.23 | 0.23 | 0.17 | 0.19 | 0.15 | 0.14 | 0.19 | 0.44 | 7.66 | 6.97 | |
CWIP | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 6.58 | 0.00 | 0.00 |
Investments | 0.22 | 0.23 | 0.24 | 0.20 | 0.57 | 1.31 | 2.98 | 7.87 | 8.32 | 4.62 | 5.31 | 5.56 |
0.09 | 0.10 | 0.17 | 0.28 | 0.38 | 0.76 | 1.81 | 2.42 | 3.58 | 7.73 | 11.76 | 17.32 | |
Total Assets | 0.39 | 0.51 | 0.64 | 0.71 | 1.12 | 2.26 | 4.95 | 10.44 | 12.09 | 19.37 | 24.73 | 29.85 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.30 | 0.29 | 0.07 | 0.35 | 1.20 | 1.66 | 13.26 | |
0.00 | 0.00 | 0.00 | 0.00 | -0.38 | -0.83 | -1.85 | -4.87 | -0.04 | -4.25 | -2.33 | -11.08 | |
0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.55 | 1.57 | 4.81 | 0.02 | 3.23 | 0.14 | -2.11 | |
Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | 0.01 | 0.00 | 0.01 | 0.33 | 0.18 | -0.54 | 0.07 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2.64 | 4.27 | 18.05 | 32.21 | 45.26 | 73.65 | 96.19 | 89.67 | 104.62 | 101.73 | 111.24 | 32.23 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 2.64 | 4.27 | 18.05 | 32.21 | 45.26 | 73.65 | 96.19 | 89.67 | 104.62 | 101.73 | 111.24 | 32.23 |
Working Capital Days | -34.38 | -57.63 | -46.13 | -7.16 | -17.52 | -57.40 | 16.47 | 51.66 | 62.30 | 41.72 | 53.31 | -15.54 |
ROCE % | 42.11% | 50.00% | 45.95% | 33.87% | 34.29% | 28.92% | 17.02% | 13.21% | 20.59% | 31.56% | 33.69% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Sigma solve Limited submit Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018
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Clarification sought from Sigma Solve Ltd
3 Oct - Exchange has sought clarification from Sigma Solve Ltd on October 3, 2025, with reference to Movement in Volume.
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Sigma Solve Limited Provide Clarification Letter
3 Oct - 3 Oct 2025: Sigma Solve says volume rise market-driven; no undisclosed price-sensitive information.
- Closure of Trading Window 1 Oct
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Sigma Solve Limited Submit Its Adjudication Order Dated September 25,2025
26 Sep - SEBI adjudication order dated September 25, 2025 fined Sigma Solve Rs.2 lakh for IPO proceeds disclosure and LODR violations.
Annual reports
Concalls
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
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