Past 10 year's financial track record analysis by Moneyworks4me indicates that Sigma Solve Ltd is a good quality company.
The key valuation ratios of Sigma Solve Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sigma Solve Ltd is likely to Fall 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.1% | 46.5% | 40.3% | 31.3% | 19.1% | 15% | 20.6% | 31.5% | - |
| Value Creation Index ⓘ | 0.4 | 2.3 | 1.9 | 1.2 | 0.4 | 0.1 | 0.5 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 2 | 2.5 | 3.4 | 5.5 | 7.5 | 10.8 | 17.8 | 27.7 | 31 |
| Sales YoY Gr. | - | 22.6% | 34.8% | 64.4% | 35.2% | 43.9% | 64.8% | 55.7% | - |
| Adj EPS ⓘ | 0.2 | 0.9 | 1.1 | 0.7 | 1 | 1.2 | 1.8 | 4.1 | 5.7 |
| YoY Gr. | - | 304.8% | 31.8% | -34.8% | 30.1% | 22.1% | 50.9% | 132.6% | - |
| BVPS (₹) ⓘ | 1.3 | 2.1 | 3.4 | 4.7 | 9.3 | 10.3 | 12.4 | 16 | 18.5 |
| Adj Net Profit ⓘ | 0.1 | 0.2 | 0.3 | 0.6 | 1 | 1.2 | 1.8 | 4.2 | 6 |
| Cash Flow from Ops. ⓘ | -0.1 | 0.3 | 0.3 | 0.4 | 0.1 | 0.4 | 1.2 | 1.7 | - |
| Debt/CF from Ops. ⓘ | -2.6 | 0.9 | 2.6 | 0.9 | 2.5 | 1.2 | 3.2 | 2.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 52.4% | 54.6% | 55.7% | ||||
| Adj EPS ⓘ | NA | 29.4% | 62.4% | 132.6% | ||||
| BVPSⓘ | NA | 36.4% | 19.7% | 29.1% | ||||
| Share Price | - | - | -7.6% | -26.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.1 | 51.3 | 41 | 25 | 14.9 | 11.9 | 15.4 | 28.7 | 32.9 |
| Op. Profit Mgn % ⓘ | 9.8 | 11.3 | 12.7 | 14.3 | 14.6 | 9.7 | 14.2 | 20.8 | 25.9 |
| Net Profit Mgn % ⓘ | 2.7 | 8.6 | 8.4 | 9.9 | 13 | 11.1 | 10.1 | 15.1 | 19 |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.9 | 0.1 | 0 | 0 | 0.3 | 0.3 | 0.1 |
| Working Cap Days ⓘ | 0 | 37 | 54 | 80 | 101 | 94 | 106 | 125 | 55 |
| Cash Conv. Cycle ⓘ | 0 | 29 | 40 | 46 | 63 | 78 | 74 | 81 | 34 |
Return on Equity has increased versus last 3 years average to 32.80%
Sales growth is growing at healthy rate in last 3 years 54.57%
Net Profit is growing at healthy rate in last 3 years 62.41%
Sales growth is good in last 4 quarters at 38.42%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.7 | 17.5 |
| TTM Sales (₹ Cr.) | 30.7 | 65.5 |
| BVPS (₹.) ⓘ | 18.5 | 36.8 |
| Reserves (₹ Cr.) ⓘ | 9 | 28 |
| P/BV ⓘ | 18.15 | 9.11 |
| PE ⓘ | 59.30 | 19.21 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 307.50 / 516.50 |
| All Time Low / High (₹) | 297.50 / 579.25 |
| Market Cap (₹ Cr.) | 345 |
| Equity (₹ Cr.) | 10.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 81 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 3 | 6 | 7 | 11 | 18 | 28 |
| Operating Expenses ⓘ | 2 | 2 | 3 | 5 | 6 | 10 | 15 | 22 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 2 | 2 | 3 | 5 | 8 | 12 | 19 |
| Other Costs ⓘ | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 |
| Operating Profit ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 6 |
| Operating Profit Margin (%) | 8.8% | 10.6% | 12.7% | 14.3% | 14.0% | 9.5% | 14.1% | 20.8% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 6 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit After Tax | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 4 |
| PAT Margin (%) | 2.0% | 8.3% | 9.9% | 11.7% | 12.7% | 11.3% | 10.9% | 15.2% |
| Adjusted EPS (₹) | 0.2 | 0.8 | 1.3 | 0.9 | 0.9 | 1.2 | 1.9 | 4.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 17% | 27% | 12% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 1 | 1 | 4 | 10 | 11 | 13 | 16 | ||
| Share Capital ⓘ | 0 | 0 | 0 | 3 | 4 | 4 | 10 | 10 | ||
| Reserves ⓘ | 0 | 1 | 1 | 1 | 5 | 6 | 2 | 6 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 4 | ||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | ||
| Short Term Debt | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | ||
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | ||
| Others Liabilities ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 4 | ||
| Total Liabilities ⓘ | 1 | 1 | 2 | 5 | 10 | 12 | 19 | 25 | ||
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | ||
| Accumulated Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | ||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | ||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | ||
| Investmentsⓘ | 0 | 1 | 1 | 3 | 8 | 8 | 5 | 5 | ||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Trade Receivables | 0 | 0 | 1 | 1 | 2 | 3 | 5 | 8 | ||
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | ||
| Others Assetsⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 3 | ||
| Total Assets ⓘ | 1 | 1 | 2 | 5 | 10 | 12 | 19 | 25 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| PBT ⓘ | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 6 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -0 | -0 | -0 | -0 | -1 | -1 | -1 | -3 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -1 | 0 | -5 | 0 | -4 | -2 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | -7 | -1 |
| Net Investments | 0 | 0 | -1 | -2 | -5 | 1 | 3 | -1 |
| Others ⓘ | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 1 | 0 | 5 | 0 | 3 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 49.16 | 48.35 | 29.53 | 14.48 | 12.14 | 16.54 | 28.91 | ||
| ROCE (%) | N/A | 46.51 | 40.27 | 31.33 | 19.05 | 14.98 | 20.57 | 31.54 | ||
| Asset Turnover Ratio | 3.15 | 2.9 | 2.05 | 1.56 | 0.98 | 0.96 | 1.13 | 1.25 | ||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 0 | 0 | 0 | 0.5 | 0.5 | Working Capital Days | |
| Receivable Days | 33 | 36 | 54 | 70 | 80 | 83 | 83 | 88 | ||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
The company was incorporated as ‘Sigma Solve IT Tech Private Limited’ at Ahmedabad on April 29, 2010, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Later on, the name of the company was changed from ‘Sigma Solve IT Tech Private Limited’ to ‘Presha Software Private Limited’ and certificate to that effect was issued by Assistant Registrar of Companies, Registrar of Companies, Ahmedabad on February 18, 2017. Subsequently, the name of the company was changed from ‘Presha Software Private Limited’ to ‘Sigma Solve Private Limited’ and certificate to that effect was issued by Registrar of Companies, Ahmedabad on March 7, 2019. Consequent up on the conversion of the company from Private Limited Company to Public Limited Company, the name of the company was changed to ‘Sigma Solve Limited’ and fresh Certificate of Incorporation consequent up on the conversion from Private Limited Company to Public Limited Company dated June 17, 2019 was issued by the Registrar of Companies, RoC – Ahmedabad.
The company Sigma and Sigma Solve Inc. (Erstwhile group concern and now subsidiary company with effect from October 23, 2019) having their offices at Florida (USA), Atlanta (Home Office), Australia (Home Office) jointly makes efforts for new business acquisitions. The operation of the company is controlled from its registered office situated at Ahmedabad, (Gujarat) India. The company’s 100% of the revenue is from export of services, and in order to provide hassle free payment facilities to its clients, it channelizes its payment through Sigma Solve Inc. The company does not have any identified customers being almost 100% of sales is booked by Sigma Solve Inc., and subsequently, the company Sigma is charging on monthly basis to Sigma Solve Inc. for providing the execution facilities on per man hour basis in conjunction with efficiency level achieved on monthly basis. Moreover, the company Sigma also occasionally serves directly to clients.
Business area of the company
The company and Sigma Solve Inc. are jointly offering enterprise software development. It offers turnkey consultancy services to its customers in their business domain. It also in association with group entity ‘Sigma Solve’ 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.
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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