Micro Software Services

Sigma Solve Ltd.

SIGMA

₹383.0

0.29% (1.1)

Market Cap

₹392 Cr.

P/E

20.54

Sigma Solve Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Sigma Solve Ltd. Shareprice

Has the share price of Sigma Solve grown faster than its competition?

Sigma Solve has given better returns compared to its competitors.
Sigma Solve has grown at ~-3.34% over the last 1yrs while peers have grown at a median rate of -11.0%

Is Sigma Solve stock expensive?

Sigma Solve is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA.
Latest PE of Sigma Solve is 70.32, while 3 year average PE is 30.51.
Also latest EV/EBITDA of Sigma Solve is 14.96 while 3yr average is 17.44.

View FAQ's On Business

Growth Table

Sigma Solve Ltd.
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-3.82	4.34	12.36	50.98	—	—	—	—	—	—
TTM EPS CAGR	20.45	27.95	—	—	—	—	—	—	—	—
Sales CAGR	17.09	16.87	—	—	—	—	—	—	—	—
PAT Margin (Abs Growth)	-3.20	-4.75	5.13	11.09	19.79	21.44	27.72	—	—	—
PE CAGR	-19.75	-18.25	—	—	—	—	—	—	—	—
CFO CAGR	-63.50	-32.94	12.02	—	90.48	74.99	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Sigma Solve Ltd.
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In Rs. Cr.	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	21.61	36.57	64.01	39.93	61.51
Non Current Assets	5.96	21.45	51.34	16.68	26.93
Net Block	0.70	0.58	0.90	7.82	6.97
Capital Work in Progress	0.01	0.00	6.58	0.00	—
Intangible Assets Under Development	—	—	—	—	—
Long Term Investments	4.79	20.79	42.18	6.02	15.21
Current Assets	15.67	15.15	12.47	23.12	34.57
Inventory	—	—	—	—	—
Accounts Receivable	3.61	3.24	5.42	14.59	20.94
Short Term Investments	0.99	16.46	1.82	0.88	1.40
Cash & Bank Balances	10.99	11.85	4.56	7.28	10.67
Liabilities	21.61	36.57	64.01	39.93	61.51
Shareholders Funds	19.43	22.93	36.31	30.22	49.42
Share Capital	4.11	4.11	10.28	10.28	10.28
Reserves	9.65	18.82	26.04	19.94	39.15
Non Current Liabilities	0.99	0.18	3.54	3.53	5.86
Secured Loans	1.01	—	3.01	2.87	—
Unsecured Loans	—	—	—	—	1.88
Current Liabilities	1.20	2.31	8.03	6.18	6.22
Accounts Payable	0.14	0.28	0.82	0.81	0.98
Short Term Loans	0.21	0.42	0.08	0.98	1.77

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Sigma Solve Ltd.
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In Rs. Cr.	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	10.45	21.15	41.09	55.84	65.05	76.17
Operating Expenses	8.56	13.81	26.07	33.19	41.97	50.43
Raw Material	—	—	—	—	—	5.20
Material Cost (%)	0.00	0.00	0.00	0.00	0.00	6.83
Employee Cost	6.39	6.80	15.29	19.97	29.03	30.86
Power & Fuel Cost	0.07	0.03	0.03	0.08	0.13	—
Operating Profit	1.89	7.35	15.02	22.65	23.08	25.74
Other Income	0.52	0.34	1.36	1.43	3.54	1.40
OPM (%)	18.08	34.73	36.55	40.56	35.48	33.79
Depreciation and Amortisation	0.19	0.32	0.23	0.38	1.09	1.05
Interest	0.10	0.02	0.01	0.01	0.32	0.41
Profit Before Tax	2.12	7.35	16.13	23.68	25.21	25.68
Tax	0.17	2.15	1.97	5.30	5.88	6.60
Net Profit	1.51	3.12	8.96	11.77	16.14	19.09
Number of shares(Crs)	—	0.41	0.41	1.03	1.03	—
Dividend Payout Ratio(%)	0.00	0.00	2.29	4.37	3.18	—

TTM Values as of Mar 2025

Cash Flow

Sigma Solve Ltd.
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In Rs. Cr.	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	-0.34	5.26	16.45	20.26	7.40	18.01
Profit Before Tax	2.12	7.35	16.13	23.68	25.21	25.69
Adjustments	0.26	0.04	1.01	2.50	-0.01	2.10
OCF Before Working Capital	2.37	7.38	17.14	26.19	25.20	27.78
Working Capital Changes	-2.51	0.05	1.31	-2.44	-8.43	-6.06
Taxes Paid	-0.21	-2.17	-2.00	-3.48	-9.37	-3.72
Cash from Investing Activity	4.14	-5.44	-14.59	-30.78	36.52	-20.73
Net Fixed Assets Purchased	-0.42	-0.61	-0.11	-7.04	-1.44	-0.20
Fixed Assets Purchased	-0.42	-0.61	-0.11	-7.06	-1.44	-0.20
Fixed Assets Sold	—	—	—	0.01	—	—
Investment Purchased	—	-4.89	-15.01	-23.72	—	-9.27
Investment Sold	0.43	0.16	0.54	0.84	38.49	—
Interest Recieved	0.00	0.13	0.00	-0.00	-0.54	-0.16
Dividends Recieved	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—
Cash from Financing Activity	4.06	3.28	-1.00	3.23	-41.20	-2.10
Proceeds From Shares	2.00	4.95	—	—	—	—
Net Long Term Borrowings	0.24	0.76	-1.01	3.01	-0.14	-0.99
Proceeds From Borrowings	0.24	0.76	—	3.01	—	—
Repayment From Borrowings	—	—	-1.01	—	-0.14	-0.99
Interest Paid	-0.06	-0.01	-0.00	-0.01	-0.32	-0.41
Dividend Paid	—	—	-0.21	-0.21	-0.51	-0.51
Net Cash Flow	7.86	3.10	0.86	-7.28	2.72	-4.83
Opening Cash & Cash Equivalents	0.02	7.88	10.99	11.85	4.56	7.25
Effect of FX	—	—	—	—	—	—
Closing Cash & Cash Equivalents	7.88	10.99	11.85	4.56	7.28	2.43
Net Capex (est)	0.42	0.61	0.11	7.04	1.44	0.20
Free Cash Flow (est)	-0.75	4.65	16.34	13.22	5.96	17.81

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Sigma Solve Ltd.
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	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	13.09	6.57	1.55	3.74
Liquid Assets (Crs)	15.67	15.15	12.47	23.12
Current Liabilities (Crs)	1.20	2.31	8.03	6.18
Current Ratio	13.09	6.57	1.55	3.74
Current Assets (Crs)	15.67	15.15	12.47	23.12
Current Liabilities (Crs)	1.20	2.31	8.03	6.18
Interest Coverage Ratio	301	1,404	1,742	80.73
EBIT (Crs)	7.37	16.15	23.69	25.53
Interest Expenses (Crs)	0.02	0.01	0.01	0.32
Fixed Asset Turnover	11.04	20.23	43.64	6.99
Net Sales (Crs)	21.15	41.09	55.84	65.05
Fixed Assets (Crs)	1.92	2.03	1.28	9.31
Cash Conversion Cycle	66.17	30.42	28.31	56.16
Inventory Days	0.00	0.00	0.00	0.00
Days Receivable	66.17	30.42	28.31	56.16
Days Payable	—	—	—	—
Debt to Equity Ratio	0.06	0.02	0.11	0.16
Total Debt (Crs)	1.22	0.42	3.87	4.84
Shareholders Equity (Crs)	19.43	22.93	36.31	30.22
Free Cash Flow/Sales (%)	21.98	39.76	23.67	9.16
Free Cash Flow(est) (Crs)	4.65	16.34	13.22	5.96
Net Sales (Crs)	21.15	41.09	55.84	65.05
Profitability Ratios
Gross Margin (%)	100.00	100.00	100.00	100.00
Op Profit Margin (%)	34.73	36.55	40.56	35.48
Operating Profit (Crs)	7.69	16.38	24.08	26.62
Net Sales (Crs)	21.15	41.09	55.84	65.05
Net Profit Margin (%)	14.74	21.81	21.07	24.81
Net Profit (Crs)	3.12	8.96	11.77	16.14
Net Sales (Crs)	21.15	41.09	55.84	65.05
ROCE (%)	36.10	47.12	42.32	75.63
EBIT (Crs)	7.37	16.15	23.69	25.53
Capital Employed (Crs)	20.42	34.27	55.99	33.75
Return on Assets (%)	14.43	24.50	18.38	40.41
Net Profit (Crs)	3.12	8.96	11.77	16.14
Total Assets (Crs)	21.61	36.57	64.01	39.93
ROIC (%)	108	823	188	82.57
Op Profit after Taxes (Crs)	4.97	12.98	17.28	16.85
Invested Capital (Crs)	4.58	1.58	9.19	20.41
ROE (%)	16.05	39.07	32.40	53.40
Net Profit Margin (%)	14.74	21.81	21.07	24.81
Asset Turnover ratio	0.98	1.12	0.87	1.63
Equity Multiplier	1.11	1.59	1.76	1.32
Adjusted EPS	3.03	8.72	11.45	15.70
Valuation Ratios
P/E	5.80	26.15	16.52	22.65
Price to Book	1.31	10.22	5.35	12.09
EV/EBITDA	1.08	13.61	8.05	13.64
Dividend Yield (%)	0.00	0.09	0.26	0.14

Quarterly Results

Sigma Solve Ltd.
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	14.54	13.68	16.29	16.30	16.24	16.22	16.00	17.05	19.58	23.54
Operating Expenses	9.55	6.36	10.52	10.49	10.52	10.26	11.26	11.77	13.59	13.81
Increase/Decrease in Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Raw Material	2.10	0.00	0.00	1.47	1.71	0.00	0.00	2.49	2.71	0.00
Employee Cost	5.02	4.45	7.58	6.93	7.43	7.09	7.29	7.33	7.80	8.44
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	4.99	7.32	5.77	5.81	5.71	5.96	4.74	5.28	5.99	9.72
Other Income	0.53	0.65	1.20	1.24	0.62	0.31	0.75	0.59	0.19	-0.13
Interest	0.01	0.00	0.01	0.11	0.10	0.10	0.09	0.17	0.08	0.07
PBDT	5.51	7.97	6.96	6.94	6.23	6.17	5.40	5.70	6.11	9.53
Depreciation and Amortization	-0.04	0.25	0.12	0.32	0.33	0.33	0.26	0.25	0.27	0.27
Profit Before Tax	5.55	7.71	6.83	6.62	5.91	5.84	5.14	5.45	5.84	9.26
Tax	1.94	0.99	1.48	2.56	1.32	0.52	1.21	1.34	1.61	2.43
Profit After Tax	3.61	6.73	5.35	4.07	4.59	5.32	3.93	4.11	4.23	6.83
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	2.43	4.09	3.57	2.66	4.58	5.32	3.93	4.11	4.23	6.82
Quarterly Ratios
EPS	2.36	3.98	3.48	2.59	4.46	5.18	3.82	4.00	4.11	6.64
Operating Profit Margin	34.29	53.51	35.41	35.64	35.19	36.75	29.62	30.96	30.61	41.32
Net Profit Margin	24.85	49.17	32.84	24.96	28.25	32.79	24.53	24.09	21.60	29.00

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

28.00%

Implied Growth Rate over a 5 year period*

8.00%

Implied Growth Rate over a 10 year period*

3.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Sigma Solve Ltd. Financials

How strong is Sigma Solve balance sheet?

Balance sheet of Sigma Solve is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Sigma Solve increasing or decreasing?

Yes, The net debt of Sigma Solve is increasing.
Latest net debt of Sigma Solve is -₹7.02 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹9.72 Crs.

Is the profitablity of Sigma Solve improving?

Yes, profit is increasing.
The profit of Sigma Solve is ₹19.09 Crs for TTM, ₹16.14 Crs for Mar 2024 and ₹11.77 Crs for Mar 2023.

Does Sigma Solve pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Sigma Solve latest dividend payout ratio is 3.18% and 3yr average dividend payout ratio is 3.28%

How has Sigma Solve allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances

View FAQ's On Shareholding

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Sigma Solve Ltd.

Sigma Solve Ltd.

Has the share price of Sigma Solve grown faster than its competition?

Is Sigma Solve stock expensive?

How strong is Sigma Solve balance sheet?

Is the debt of Sigma Solve increasing or decreasing?

Is the profitablity of Sigma Solve improving?

Does Sigma Solve pay decent dividends?

How has Sigma Solve allocated its funds?

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