BSE: 0 | NSE: SHIGAN | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shigan Quantum Technologies Ltd is a average quality company.
The key valuation ratios of Shigan Quantum Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -4.0 | 4.3 | 2.7 | 1.7 | 1.0 | 0.9 | 1.3 | -0.2 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 8.3 | 5.7 | 38.7 | 69 | 69.1 | 72.8 | 95.7 | 242 | 164 | 152 | 152 |
| Sales YoY Gr. | - | -31.7% | 581.3% | 78.4% | 0% | 5.4% | 31.4% | 153% | -32.4% | -7.2% | - |
| Adj EPS ⓘ | -0 | -1.2 | 2.3 | 2.9 | 3.2 | 2.4 | 3.3 | 6.1 | 3.1 | 2.9 | 2.8 |
| YoY Gr. | - | NA | NA | 27.8% | 7.1% | -23.2% | 34.3% | 86.5% | -49.3% | -5.5% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 13.5 | 28.9 | 31.1 | 36.6 | 38.8 |
| Adj Net Profit ⓘ | 0 | -1.2 | 2.3 | 2.9 | 3.2 | 3.1 | 4.1 | 10.4 | 5.3 | 5.3 | 5 |
| Cash Flow from Ops. ⓘ | -0.1 | 0.1 | 0.8 | 2.2 | 1.8 | 3.5 | 2.2 | -27.4 | 2.1 | -12.3 | - |
| Debt/CF from Ops. ⓘ | -14.8 | 11.9 | 4 | 3.1 | 4.1 | 2 | 4 | -0.8 | 16.9 | -3.6 | - |
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% | ||||
| BVPSⓘ | NA | NA | 39.4% | 17.7% | ||||
| Share Price | - | - | - | 24.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -1.3 | -87.5 | 128.4 | 69.4 | 45.2 | 28.3 | 27 | 31.2 | 10.2 | 8.4 | 7.5 |
| Op. Profit Mgn % ⓘ | 3.7 | -14.7 | 9.3 | 7.9 | 9.2 | 7.9 | 7.8 | 7.2 | 7.5 | 8.6 | NAN |
| Net Profit Mgn % ⓘ | -0.3 | -21.6 | 5.9 | 4.3 | 4.6 | 4.2 | 4.3 | 4.3 | 3.2 | 3.5 | 3.5 |
| Debt to Equity ⓘ | 0.8 | 1.7 | 1.2 | 1.2 | 0.9 | 0.5 | 0.5 | 0.5 | 0.7 | 0.7 | - |
| Working Cap Days ⓘ | 192 | 251 | 51 | 69 | 105 | 100 | 107 | 108 | 233 | 266 | 0 |
| Cash Conv. Cycle ⓘ | 82 | 146 | 29 | 37 | 59 | 68 | 40 | 17 | 50 | 86 | 0 |
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 7.50%
Net Profit has been subdued in last 3 years -3.73%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.8 | 2.5 |
| TTM Sales (₹ Cr.) | 152 | 152 |
| BVPS (₹.) ⓘ | 38.8 | 38.6 |
| Reserves (₹ Cr.) ⓘ | 55 | 55 |
| P/BV ⓘ | 3.32 | 3.33 |
| PE ⓘ | 45.55 | 51.46 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 245 |
| Equity (₹ Cr.) | 19.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 51.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8 | 6 | 39 | 69 | 69 | 73 | 96 | 242 | 164 | 152 |
| Operating Expenses ⓘ | 8 | 7 | 35 | 64 | 63 | 67 | 89 | 225 | 154 | 139 |
| Manufacturing Costs | 0 | 1 | 3 | 5 | 10 | 8 | 15 | 29 | 23 | 20 |
| Material Costs | 5 | 3 | 28 | 53 | 46 | 52 | 64 | 181 | 114 | 102 |
| Employee Cost | 2 | 1 | 2 | 3 | 3 | 4 | 3 | 6 | 7 | 9 |
| Other Costs ⓘ | 1 | 1 | 2 | 4 | 5 | 5 | 6 | 10 | 8 | 8 |
| Operating Profit ⓘ | 0 | -1 | 3 | 5 | 6 | 6 | 7 | 17 | 10 | 13 |
| 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 ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Interest ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 5 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | -1 | 3 | 4 | 4 | 4 | 5 | 13 | 5 | 7 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 1 | 2 |
| Profit After Tax | 0 | -1 | 2 | 3 | 3 | 3 | 4 | 10 | 4 | 5 |
| 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 | -1.3 | 2.1 | 2.8 | 2.7 | 2.3 | 2.9 | 5.7 | 2.2 | 3.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 1 | 3 | 6 | 8 | 13 | 17 | 50 | 54 | 66 |
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 17 | 17 | 18 |
| Reserves ⓘ | 0 | -1 | 1 | 4 | 6 | 11 | 15 | 32 | 36 | 48 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2 | 1 | 3 | 6 | 7 | 7 | 9 | 18 | 34 | 43 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 7 |
| Short Term Debt | 1 | 1 | 3 | 6 | 7 | 7 | 8 | 17 | 34 | 36 |
| Trade Payables | 1 | 1 | 2 | 5 | 5 | 3 | 15 | 43 | 28 | 29 |
| Others Liabilities ⓘ | 2 | 2 | 1 | 3 | 3 | 2 | 5 | 28 | 10 | 13 |
| Total Liabilities ⓘ | 6 | 5 | 9 | 20 | 23 | 24 | 45 | 138 | 126 | 151 |
Fixed Assets | ||||||||||
| Gross Block | 2 | 2 | 3 | 4 | 4 | 5 | 8 | 13 | 23 | 28 |
| Accumulated Depreciation | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 6 | 8 | 11 |
| Net Fixed Assetsⓘ | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 7 | 15 | 17 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
| Inventories | 2 | 2 | 5 | 8 | 14 | 13 | 12 | 55 | 56 | 52 |
| Trade Receivables | 2 | 1 | 2 | 8 | 5 | 4 | 11 | 6 | 6 | 21 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 26 | 3 | 10 |
| Others Assetsⓘ | 1 | 1 | 1 | 3 | 2 | 1 | 14 | 45 | 42 | 46 |
| Total Assets ⓘ | 6 | 5 | 9 | 20 | 23 | 24 | 45 | 138 | 126 | 151 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 1 | 2 | 2 | 3 | 2 | -27 | 2 | -12 |
| PBT ⓘ | 0 | -1 | 3 | 4 | 4 | 4 | 5 | 13 | 5 | 7 |
| Adjustment ⓘ | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 7 | 8 |
| Changes in Working Capital ⓘ | -1 | 1 | -2 | -2 | -3 | -1 | -4 | -41 | -8 | -25 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -4 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | -1 | 0 | -5 | -1 | -2 | -16 | -5 |
| Capex | 0 | 0 | 0 | -1 | 0 | -5 | -1 | -2 | -11 | -5 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | -1 | -1 | 1 | 1 | 34 | 10 | 17 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 23 | 0 | 7 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 7 |
| Interest Paid ⓘ | 0 | 0 | 0 | -1 | -1 | -1 | -1 | -2 | -3 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 13 | 8 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | -4 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.6 | -92.37 | 116.05 | 65.18 | 38.64 | 26.95 | 24.1 | 29.54 | 7.48 | 8.98 |
| ROCE (%) | 7.28 | -42.48 | 74.56 | 51.7 | 37.45 | 27.93 | 27.13 | 31.78 | 10.61 | 11.6 |
| Asset Turnover Ratio | 1.42 | 1.14 | 6.08 | 4.76 | 3.18 | 3.06 | 2.74 | 2.64 | 1.24 | 1.09 |
| PAT to CFO Conversion(x) | N/A | N/A | 0.5 | 0.67 | 0.67 | 1 | 0.5 | -2.7 | 0.5 | -2.4 | Working Capital Days |
| Receivable Days | 82 | 94 | 15 | 27 | 34 | 23 | 30 | 13 | 13 | 32 |
| Inventory Days | 61 | 106 | 28 | 32 | 58 | 68 | 48 | 50 | 123 | 129 |
| Payable Days | 88 | 90 | 17 | 25 | 43 | 28 | 50 | 58 | 114 | 102 |
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:
Major events and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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