Sigma Solve Limited
NSE: SIGMA · IT Enabled Services · sector
₹40.45NSE close 2026-10-26
Key numbers
Market cap₹416 cr
Price₹40.45
52w high / low₹64 / ₹35
P/E16.5xSector median 20.1x
P/B5.4xSector median 1.6x
Book value₹7.5
Dividend yield0.13%Sector median 0.70%
ROE49.5%Sector median 8.4%
ROCE52.6%Sector median 11.3%
OPM31.7%Sector median 9.6%
Debt / equity0.03xSector median 0.03x
EV/EBITDA13.2xSector median 10.8x
Interest cover125.3x
Current ratio5.24x
Sales growth 3y–Sector median +11.0%
Profit growth 3y–Sector median +16.6%
PEG0.30x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 91 companies in IT Enabled Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹2 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 125.3x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 3 years (FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 36% of net profit in the last 12 months.
- Debtor days went from 82 (FY24) to 70 (FY26).
- Dividend paid in 3 of the last 3 financial years.
- Price ₹40.45 on 2026-10-26: -37.0% from the 52-week high, +14.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹62.82 · low ₹37.59
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 20 | 24 | 21 | 26 | 25 | 25 | 23 |
| EBITDA | 5 | 6 | 10 | 5 | 8 | 8 | 8 | 8 |
| OPM % | 31.0% | 30.6% | 41.3% | 24.0% | 29.9% | 31.7% | 31.7% | 33.6% |
| Other income | 1 | 0 | -0 | 2 | 2 | 2 | -1 | 9 |
| Net profit | 4 | 4 | 7 | 5 | 7 | 7 | 5 | 13 |
| EPS (₹) | 0.80 | 0.82 | 0.66 | 0.50 | 0.07 | 0.65 | 0.52 | 1.22 |
| Revenue YoY | +50.1% | +26.3% | +4.7% | +11.5% | ||||
| Profit YoY | +61.8% | +58.2% | -21.3% | +142.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 65 | 76 | 96 | 98 |
| EBITDA | 23 | 26 | 28 | 31 |
| Net profit | 16 | 19 | 24 | 31 |
| EPS (₹) | 3.14 | 1.86 | 2.32 | 2.46 |
| Revenue growth | +17.1% | +25.5% | +21.2% | |
| Profit growth | +18.3% | +24.0% | +53.8% | |
| Dividend / share (₹) | 0.50 | 0.50 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +21.2% |
| Net profit | – | – | +53.8% |
| EPS | – | – | – |
| Share price | – | +9.0% (2y) | -19.7% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 30 | 49 | 77 |
| Borrowings | 5 | 4 | 2 |
| Cash & equivalents | 8 | 12 | 9 |
| Total assets | 40 | 62 | 89 |
| Fixed assets | 8 | 7 | 6 |
| Capital work in progress | 0 | – | – |
| Investments | 6 | 5 | 0 |
| Receivables | 15 | 21 | 18 |
| Inventory | 0 | 0 | 2 |
| Payables | 0 | 1 | 1 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 7 | 18 | 30 |
| Cash from investing | 37 | -21 | -22 |
| Cash from financing | -41 | -2 | -3 |
| Capex | 1 | 0 | 0 |
| Free cash flow | 6 | 18 | 30 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 53.4% | 38.6% | 30.7% |
| ROCE % | 72.8% | 49.2% | 40.4% |
| Debtor days | 82 | 100 | 70 |
| Inventory days | 0 | 0 | 41 |
| Payable days | 10 | 38 | 25 |
| Cash conversion cycle (days) | 72 | 62 | 86 |
| Working capital days | 101 | 136 | 102 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.22% |
| FIIs | 0.02% |
| DIIs | 0.02% |
| Public (non-institutions) | 26.74% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.22% | 73.22% | 73.22% | 73.22% | 73.22% | 73.22% | 73.22% | 73.22% |
| Promoter group | % |
|---|---|
| Prakash Ratilal Parikh | 20.80% |
| Kalpana Prakashbhai Parikh | 20.78% |
| Pujan Biren Zaverchand | 15.81% |
| Biren Harshad Zaverchand | 15.81% |
| Shivang Rajulbhai Chokshi | 0.00% |
| Pintu Nitin Patel | 0.00% |
| Darshanaben Rajulbhai Chokshi | 0.00% |
| Deepak Navinchandra Choksi | 0.00% |
| Public holders above 1% | % |
|---|---|
| Binaben Janakbhai Shah | 4.12% |
| Angat Godiwala | 2.41% |
| Divyaprabhaben Pravinbhai Shah | 1.33% |
21,488 shareholders. Pledged: – of promoter shares.
Peers in IT Enabled Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTTS | ₹42,777 cr | 27.8x | 6.0x | 23.2% | 26.8% | 17.8% | +11.1% | 1.39% |
| IKS | ₹28,359 cr | 36.4x | 10.1x | 33.3% | 30.2% | 34.3% | – | – |
| TATATECH | ₹27,242 cr | 48.4x | 7.1x | 15.2% | 18.1% | 13.9% | – | 1.75% |
| NETWEB | ₹24,404 cr | 93.4x | 33.7x | 41.6% | 37.4% | 13.3% | – | 0.05% |
| SAGILITY | ₹20,823 cr | 21.0x | 2.1x | 11.0% | 13.1% | 23.6% | – | 0.11% |
| AFFLE | ₹18,518 cr | 38.7x | 5.1x | 14.5% | 16.1% | 22.5% | +23.6% | – |
| BBOX | ₹14,137 cr | 60.6x | 11.0x | 22.1% | 20.2% | 8.2% | +0.2% | 0.12% |
| CYIENT | ₹13,821 cr | 36.3x | 2.4x | 6.9% | 11.6% | 11.2% | +6.5% | 2.38% |
| ESDS | ₹12,988 cr | – | – | – | – | – | – | – |
| SIGMA | ₹416 cr | 16.5x | 5.4x | 49.5% | 52.6% | 31.7% | – | 0.13% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-16 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-10-06 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2025-09-10 | Dividend | Dividend - Re 0.50 Per Share |
| 2024-08-13 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-09-22 | Dividend | Dividend - Rs 0.50 Per Share |
| 2023-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Information Technology |
| Industry | IT Enabled Services |
| Sub-industry | IT Enabled Services |
| Symbol | SIGMA |
| BSE code | 543917 |
| ISIN | INE0A0S01028 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.