Shigan Quantum Technologies Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SHIGAN | Auto Ancillary | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Shigan Quantum Tech.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Shigan Quantum Technologies stock performance -

mw4me loader
P/E Ratio (SA):
38.64
Market Cap:
208 Cr.
52-wk low:
0
52-wk high:
0

Is Shigan Quantum Technologies Ltd an attractive stock to invest in?

1. Is Shigan Quantum Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shigan Quantum Technologies Ltd is a average quality company.

2. Is Shigan Quantum Technologies Ltd undervalued or overvalued?

The key valuation ratios of Shigan Quantum Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Shigan Quantum Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shigan Quantum Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shigan Quantum Tech.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shigan Quantum Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.3%-42.5%74.6%51.7%37.5%27.9%27.1%31.8%10.6%11.6%-
Value Creation
Index
-0.5-4.04.32.71.71.00.91.3-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8.35.738.76969.172.895.7242164152152
Sales YoY Gr.--31.7%581.3%78.4%0%5.4%31.4%153%-32.4%-7.2%-
Adj EPS -0-1.22.32.93.22.43.36.13.12.93
YoY Gr.-NANA27.8%7.1%-23.2%34.3%86.5%-49.3%-5.5%-
BVPS (₹) 00000013.528.931.136.636.6
Adj Net
Profit
0-1.22.32.93.23.14.110.45.35.35
Cash Flow from Ops. -0.10.10.82.21.83.52.2-27.42.1-12.3-
Debt/CF from Ops. -14.811.943.14.124-0.816.9-3.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 38.1%17.1%16.7%-7.2%
Adj EPS NA-1.6%-3.7%-5.5%
BVPSNANA39.4%17.7%
Share Price - - - 2.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-1.3-87.5128.469.445.228.32731.210.28.48.1
Op. Profit
Mgn %
3.7-14.79.37.99.27.97.87.27.58.6NAN
Net Profit
Mgn %
-0.3-21.65.94.34.64.24.34.33.23.53.5
Debt to
Equity
0.81.71.21.20.90.50.50.50.70.7-
Working Cap
Days
19225151691051001071082332660
Cash Conv.
Cycle
8214629375968401750860

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.68%

Debt to equity has declined versus last 3 years average to 0.67

Return on Equity has declined versus last 3 years average to 8.10%

Net Profit has been subdued in last 3 years -3.73%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Shigan Quantum Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 3 2.6
TTM Sales (₹ Cr.) 152 152
BVPS (₹.) 36.6 36.4
Reserves (₹ Cr.) 48 48
P/BV 3.13 3.15
PE 38.64 43.65
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 208
Equity (₹ Cr.) 18.1
Face Value (₹) 10
Industry PE 53.8

Management X-Ray of Shigan Quantum Tech.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shigan Quantum Tech.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales863969697396242164152
Operating Expenses 873564636789225154139
Manufacturing Costs013510815292320
Material Costs532853465264181114102
Employee Cost 2123343679
Other Costs 11245561088
Operating Profit 0-135667171013
Operating Profit Margin (%) 3.7%-16.5%8.4%7.4%8.3%7.6%7.0%6.9%6.2%8.5%
Other Income 0000000002
Interest 0001111235
Depreciation 0000011123
Exceptional Items 0000000000
Profit Before Tax 0-1344451357
Tax 0001111312
Profit After Tax 0-1233341045
PAT Margin (%) 0.6%-22.8%5.4%4.0%3.9%4.0%3.8%4.1%2.4%3.5%
Adjusted EPS (₹)0.1-1.32.12.82.72.32.95.72.23.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 213681317505466
Share Capital 2222233171718
Reserves 0-11461115323648
Minority Interest0000000000
Debt2136779183443
Long Term Debt0000001107
Short Term Debt1136778173436
Trade Payables11255315432829
Others Liabilities 2213325281013
Total Liabilities 65920232445138126151

Fixed Assets

Gross Block2234458132328
Accumulated Depreciation11222346811
Net Fixed Assets111222371517
CWIP 0000033000
Investments 0000000055
Inventories2258141312555652
Trade Receivables212854116621
Cash Equivalents 000000226310
Others Assets11132114454246
Total Assets 65920232445138126151

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0012232-272-12
PBT 0-1344451357
Adjustment 0011222478
Changes in Working Capital -11-2-2-3-1-4-41-8-25
Tax Paid 00-1-1-1-1-1-4-1-2
Cash Flow From Investing Activity 000-10-5-1-2-16-5
Capex 000-10-5-1-2-11-5
Net Investments 00000000-50
Others 0000000000
Cash Flow From Financing Activity 000-1-111341017
Net Proceeds from Shares 00000202307
Net Proceeds from Borrowing 00000001307
Interest Paid 000-1-1-1-1-2-3-5
Dividend Paid 0000000000
Others 00000020138
Net Cash Flow 00000024-40
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.6-92.37116.0565.1838.6426.9524.129.547.488.98
ROCE (%)7.28-42.4874.5651.737.4527.9327.1331.7810.6111.6
Asset Turnover Ratio1.421.146.084.763.183.062.742.641.241.09
PAT to CFO Conversion(x)N/AN/A0.50.670.6710.5-2.70.5-2.4
Working Capital Days
Receivable Days82941527342330131332
Inventory Days61106283258684850123129
Payable Days8890172543285058114102

Shigan Quantum Technologies Ltd Stock News

Shigan Quantum Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shigan Quantum Tech. on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Shigan Quantum Tech. stood at ₹208.0.
The latest P/E ratio of Shigan Quantum Tech. as of 01-Jan-1970 05:30 is 38.64.
The latest P/B ratio of Shigan Quantum Tech. as of 01-Jan-1970 05:30 is 3.13.
The 52-week high of Shigan Quantum Tech. is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shigan Quantum Tech. is ₹151.9 ( Cr.) .

About Shigan Quantum Technologies Ltd

Shigan Quantum Technologies is engaged in the business of designing, developing and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems for OEMS and others. It manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications.The company was incorporated in the year 2008 with an object to manufacture alternate fuel systems in India. Subsequently, it has gained expertise in various products in the alternate fuel systems, especially in CNG and LNG fuel kits within automotive industry through its in-house expertise and technical assistance. Since April 2020, the company has also ventured into manufacturing of Fire Detection & Alarm System and Fire Detection & Suppression System (FDAS &FDSS).

The company source its critical technologies from MNC companies with whom it has long term technology user agreement or manufacturing license. It has entered into technology agreements with companies for developing exclusive products customised to its requirements. It has got exclusive manufacturing rights in India for these products after their development. With change in technologies, it has plan to acquire the Foreign Suppliers’ expertise through Joint Venture or by outright purchase of their technologies and localise production of Gaseous Fuel Injection Technology systems. Such Gaseous Fuel Injection Technology systems will enable the Company to manufacture products that will meet the upcoming Emission norms thereby enhancing the performance of the vehicle. It is engaged in designing, optimizing, manufacturing, assembling, testing and kit integration of alternate fuel systems/kits for heavy/light duty commercial vehicles and buses, power generation equipment and industrial equipment viz. forklifts etc.

The company imports its raw materials from countries like Singapore, USA, Chicago, Mexico, Switzerland, China, Hong Kong, UAE, Italy, France, etc. It also procure its raw materials from domestic suppliers located in Pune, Gurugram, Ghaziabad, Bangalore and other domestic market in India. It export certain components of CNG Fuel Systems to countries like New Jersey, Australia, Italy, Sweden, Canada.

Business area of the company

Shigan Quantum Technologies is engaged in the business of designing, developing, manufacturing, and assembling Alternate Fuel Systems i.e. LNG, CNG, and Hydrogen Fuel Kit Systems. Since April 2020, the business has ventured into Fire Detection & Alarm systems. It manufactures Alternate Fuel Systems for high duty & light-duty vehicles power generation equipment, industrial equipment, and off-highway applications. It exports CNG fuel systems to countries such as New Jersey, Sweden, Canada, Australia, and Italy.

Products:

  • CNG Filters
  • Engine Control Unit (ECU)
  • Fuel Rail
  • High Pressure Regulator
  • Injectors
  • Fire Detection and Suppression System
  • CNG Tube and Fitting
  • Filler Valve
  • FMFD Module

Major events and milestones

  • 2008: The company was Incorporated as ‘Shigan Quantum Technologies Private Limited’.
  • 2019: Awarded Supplier of the year at the Vendor’s meet 2019.
  • 2021: Conversion of the company from Private Limited to Public Limited Company.
  • 2021: The company was awarded Certificate of Recognition for Best HR initiative of the Year-WFH Management at Energy HR summit, India.
  • 2021: The company got shareholders’ approval to raise funds through Initial Public Offer (IPO) and to get Listed.
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