Sigma Advanced Systems Ltd.
•2026-08-21
PROS
- Promoters have been increasing their shareholding - up 28.4pp over 2 years
- Latest quarter profit grew 159.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.72x)
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (492.0% of PBT)
- Company has a low return on equity of 6.0% over last 3 years
- Company has a low return on capital employed of 9.0%
- Interest coverage is weak at 1.5x - earnings barely cover interest
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HAL | 5010.00 | 35.94 | 335056.28 | 0.90 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| 2. | BEL | 408.70 | 48.61 | 298750.66 | 0.61 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| 3. | BDL | 1349.00 | 0.00 | 49449.28 | 0.36 | 118.79 | 547.36 | 572.24 | 147.63 | 19.75 | 14.52 |
| 4. | DATAPATTNS | 4775.20 | 3475.81 | 26733.46 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| 5. | AEQUS | 262.40 | 0.00 | 17598.27 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| 6. | ZENTEC | 1932.40 | 96.85 | 17448.21 | 0.05 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| 7. | ASTRAMICRO | 1702.95 | 85.53 | 16168.66 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 19.18 | 20.40 |
| 8. | APOLLO | 385.85 | 118.18 | 14338.17 | 0.06 | 252.16 | 1325.84 | 2512.93 | 1781.17 | 14.05 | 21.38 |
| 9. | SIGMAADV | 691.05 | 86.42 | 13125.04 | 0.00 | 354.12 | 159.95 | 3742.77 | — | 9.66 | 15.54 |
| 10. | PARAS | 1496.10 | 127.65 | 12056.67 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| 11. | UNIMECH | 1498.40 | 105.90 | 7627.16 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| 12. | AXISCADES | 1591.70 | 186.31 | 6770.06 | 0.00 | -14.76 | -170.76 | 183.35 | -24.77 | 14.56 | 4.73 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 19 | 57 | 0 | 0 | 146 | 323 | 3,743 | |
| 3 | 2 | 2 | 1 | 2 | 2 | 19 | 40 | 16 | 2 | 139 | 268 | 3,284 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 11 | 11 | 8 | 8 | 8 | 9 | 13 | 13 | 187 | 4 | 14 | 91 | 50 |
| Interest | 4 | 4 | 4 | 5 | 4 | 4 | 5 | 5 | 3 | 0 | 5 | 11 | 76 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 7 | 75 |
| 4 | 4 | 0 | 0 | 1 | 1 | 6 | 23 | 167 | 1 | 0 | 127 | 465 | |
| Tax % | 14.44% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 21.89% | 21.80% | 18.54% | 0.00% | 560.00% | 1.44% | 23.80% |
| Net Profit | 0 | 0 | 0 | 0 | -168 | -143 | 6 | -48 | 136 | 1 | -10 | 128 | 354 |
| 0 | -0 | -1 | -1 | -2 | -2 | 1 | 0 | 18 | 0 | -0 | 7 | 2 | |
| Equity Capital | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 176 | 1,762 |
| Reserves | 95 | 92 | 87 | 79 | 62 | 48 | 0 | 0 | 206 | 207 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 176 | 1,762 |
| Reserves | 95 | 92 | 87 | 79 | 62 | 48 | 0 | 0 | 206 | 207 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 0
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 4
- Depreciation
- 1
- 4
- Tax %
- 14.44%
- Net Profit
- 0
- 0
- Equity Capital
- 74
- Reserves
- 95
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 95
- Promoter Pledge %
- 0.00%
- 0
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 4
- Depreciation
- 1
- 4
- Tax %
- 2.29%
- Net Profit
- 0
- -0
- Equity Capital
- 74
- Reserves
- 92
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 92
- Promoter Pledge %
- 0.00%
- 0
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 4
- Depreciation
- 1
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- -1
- Equity Capital
- 74
- Reserves
- 87
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 87
- Promoter Pledge %
- 0.00%
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 5
- Depreciation
- 1
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- -1
- Equity Capital
- 74
- Reserves
- 79
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 79
- Promoter Pledge %
- 0.00%
- 0
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 4
- Depreciation
- 1
- 1
- Tax %
- 0.00%
- Net Profit
- -168
- -2
- Equity Capital
- 74
- Reserves
- 62
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 62
- Promoter Pledge %
- 0.00%
- 0
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 4
- Depreciation
- 1
- 1
- Tax %
- 0.00%
- Net Profit
- -143
- -2
- Equity Capital
- 74
- Reserves
- 48
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 48
- Promoter Pledge %
- 0.00%
- 19
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 5
- Depreciation
- 1
- 6
- Tax %
- 21.89%
- Net Profit
- 6
- 1
- Equity Capital
- 74
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 57
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 5
- Depreciation
- 1
- 23
- Tax %
- 21.80%
- Net Profit
- -48
- 0
- Equity Capital
- 74
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 0
- 16
- Operating Profit
- —
- OPM %
- —
- Other Income
- 187
- Interest
- 3
- Depreciation
- 1
- 167
- Tax %
- 18.54%
- Net Profit
- 136
- 18
- Equity Capital
- 74
- Reserves
- 206
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 206
- Promoter Pledge %
- 0.00%
- 0
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 74
- Reserves
- 207
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 207
- Promoter Pledge %
- 0.00%
- 146
- 139
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 5
- Depreciation
- 6
- 0
- Tax %
- 560.00%
- Net Profit
- -10
- -0
- Equity Capital
- 74
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 74
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 323
- 268
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 11
- Depreciation
- 7
- 127
- Tax %
- 1.44%
- Net Profit
- 128
- 7
- Equity Capital
- 176
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 176
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,743
- 3,284
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 76
- Depreciation
- 75
- 465
- Tax %
- 23.80%
- Net Profit
- 354
- 2
- Equity Capital
- 1,762
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,762
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 66 | 70 | 66 | 62 | 57 | 59 | 52 | 2 | 0 | 0 | 4,211 | |
| 50 | 65 | 57 | 60 | 51 | 55 | 71 | 20 | 9 | 10 | 3,693 | |
| Operating Profit | 16 | 13 | 11 | 11 | 12 | 11 | 8 | 24 | 28 | 31 | — |
| OPM % | 25 | 19 | 16 | 17 | 21 | 18 | 16 | 1,226 | — | — | — |
| Other Income | 1 | 8 | 1 | 9 | 7 | 7 | 27 | 42 | 37 | 42 | 157 |
| Interest | 8 | 6 | 5 | 6 | 7 | 5 | 3 | 11 | 17 | 18 | 92 |
| Depreciation | 7 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 89 |
| 2 | 2 | 1 | 1 | 1 | 2 | 5 | 11 | 8 | 8 | 593 | |
| Tax % | 27 | -23 | -55 | 53 | -6 | -0 | 12 | 0 | 8 | 0 | 19 |
| Net Profit | 1 | 3 | 2 | 0 | 1 | 2 | 5 | 11 | 8 | 8 | 480 |
| EPS | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | -2 | -4 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -20 | -38 | -25 |
| Adjusted EPS | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | -2 | -4 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -20 | -38 | -25 |
| Adjusted EPS | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | -2 | -4 | — |
- 66
- 50
- Operating Profit
- 16
- OPM %
- 25
- Other Income
- 1
- Interest
- 8
- Depreciation
- 7
- 2
- Tax %
- 27
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 70
- 65
- Operating Profit
- 13
- OPM %
- 19
- Other Income
- 8
- Interest
- 6
- Depreciation
- 5
- 2
- Tax %
- -23
- Net Profit
- 3
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 66
- 57
- Operating Profit
- 11
- OPM %
- 16
- Other Income
- 1
- Interest
- 5
- Depreciation
- 4
- 1
- Tax %
- -55
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 62
- 60
- Operating Profit
- 11
- OPM %
- 17
- Other Income
- 9
- Interest
- 6
- Depreciation
- 4
- 1
- Tax %
- 53
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 57
- 51
- Operating Profit
- 12
- OPM %
- 21
- Other Income
- 7
- Interest
- 7
- Depreciation
- 4
- 1
- Tax %
- -6
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 59
- 55
- Operating Profit
- 11
- OPM %
- 18
- Other Income
- 7
- Interest
- 5
- Depreciation
- 4
- 2
- Tax %
- -0
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 52
- 71
- Operating Profit
- 8
- OPM %
- 16
- Other Income
- 27
- Interest
- 3
- Depreciation
- 4
- 5
- Tax %
- 12
- Net Profit
- 5
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- 2
- 20
- Operating Profit
- 24
- OPM %
- 1,226
- Other Income
- 42
- Interest
- 11
- Depreciation
- 3
- 11
- Tax %
- 0
- Net Profit
- 11
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -3
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- -3
- Adjusted EPS
- 1
- 0
- 9
- Operating Profit
- 28
- OPM %
- —
- Other Income
- 37
- Interest
- 17
- Depreciation
- 3
- 8
- Tax %
- 8
- Net Profit
- 8
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -20
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- -20
- Adjusted EPS
- -2
- 0
- 10
- Operating Profit
- 31
- OPM %
- —
- Other Income
- 42
- Interest
- 18
- Depreciation
- 4
- 8
- Tax %
- 0
- Net Profit
- 8
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -38
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- -38
- Adjusted EPS
- -4
- 4,211
- 3,693
- Operating Profit
- —
- OPM %
- —
- Other Income
- 157
- Interest
- 92
- Depreciation
- 89
- 593
- Tax %
- 19
- Net Profit
- 480
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 115
- Share of Associates
- -25
- Adjusted EPS
- —
- Minority Interest
- 115
- Share of Associates
- -25
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 5%
- 3 Years:
- 6%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 44 | 44 | 44 | 44 | 44 | 44 | 74 | 74 | 74 | 74 |
| 84 | 87 | 91 | 93 | 96 | 97 | 111 | 120 | 107 | 70 | |
| 98 | 46 | 47 | 41 | 40 | 30 | 1 | 8 | 1 | 1 | |
| Trade Payables | 32 | 29 | 27 | 15 | 12 | 9 | 19 | 0 | 0 | 0 |
| 24 | 66 | 87 | 128 | 139 | 136 | 82 | 176 | 185 | 220 | |
| Total Liabilities | 282 | 273 | 296 | 321 | 331 | 317 | 286 | 377 | 366 | 364 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 194 | 187 | 141 | 208 | 243 | 248 | 204 | 179 | 187 | 200 | |
| Capital Work in Progress | 0 | 0 | 58 | 31 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 133 | 112 | 67 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 5 | 1 | 1 | 3 | 6 | 7 | 37 | 4 | 18 | 10 |
| 83 | 85 | 96 | 80 | 82 | 61 | 45 | 61 | 48 | 88 | |
| Total Assets | 282 | 273 | 296 | 321 | 331 | 317 | 286 | 377 | 366 | 364 |
| Total Debt | 98 | 46 | 47 | 41 | 40 | 30 | 26 | 146 | 145 | 138 |
| Net Working Capital | -64 | -46 | -55 | -91 | -89 | -87 | 27 | 31 | 27 | -12 |
| Contingent Liabilities | 2 | 3 | 0 | 2 | 2 | 2 | 2 | 1 | 1 | 0 |
| Book Value per Share | 28.88 | 29.74 | 30.56 | 24.76 | 25.44 | 25.73 | 21.25 | 22.45 | 20.72 | 15.72 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 98 | 46 | 47 | 41 | 40 | 30 | 26 | 146 | 145 | 138 |
| Net Working Capital | -64 | -46 | -55 | -91 | -89 | -87 | 27 | 31 | 27 | -12 |
| Contingent Liabilities | 2 | 3 | 0 | 2 | 2 | 2 | 2 | 1 | 1 | 0 |
| Book Value per Share | 28.88 | 29.74 | 30.56 | 24.76 | 25.44 | 25.73 | 21.25 | 22.45 | 20.72 | 15.72 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 44
- 84
- 98
- Trade Payables
- 32
- 24
- Total Liabilities
- 282
- 194
- Capital Work in Progress
- 0
- 0
- 0
- Cash & Bank
- 5
- 83
- Total Assets
- 282
- Total Debt
- 98
- Net Working Capital
- -64
- Contingent Liabilities
- 2
- Book Value per Share
- 28.88
- Face Value
- 10.00
- Total Debt
- 98
- Net Working Capital
- -64
- Contingent Liabilities
- 2
- Book Value per Share
- 28.88
- Face Value
- 10.00
- Equity Capital
- 44
- 87
- 46
- Trade Payables
- 29
- 66
- Total Liabilities
- 273
- 187
- Capital Work in Progress
- 0
- 0
- 0
- Cash & Bank
- 1
- 85
- Total Assets
- 273
- Total Debt
- 46
- Net Working Capital
- -46
- Contingent Liabilities
- 3
- Book Value per Share
- 29.74
- Face Value
- 10.00
- Total Debt
- 46
- Net Working Capital
- -46
- Contingent Liabilities
- 3
- Book Value per Share
- 29.74
- Face Value
- 10.00
- Equity Capital
- 44
- 91
- 47
- Trade Payables
- 27
- 87
- Total Liabilities
- 296
- 141
- Capital Work in Progress
- 58
- 0
- 0
- Cash & Bank
- 1
- 96
- Total Assets
- 296
- Total Debt
- 47
- Net Working Capital
- -55
- Contingent Liabilities
- 0
- Book Value per Share
- 30.56
- Face Value
- 10.00
- Total Debt
- 47
- Net Working Capital
- -55
- Contingent Liabilities
- 0
- Book Value per Share
- 30.56
- Face Value
- 10.00
- Equity Capital
- 44
- 93
- 41
- Trade Payables
- 15
- 128
- Total Liabilities
- 321
- 208
- Capital Work in Progress
- 31
- 0
- 0
- Cash & Bank
- 3
- 80
- Total Assets
- 321
- Total Debt
- 41
- Net Working Capital
- -91
- Contingent Liabilities
- 2
- Book Value per Share
- 24.76
- Face Value
- 10.00
- Total Debt
- 41
- Net Working Capital
- -91
- Contingent Liabilities
- 2
- Book Value per Share
- 24.76
- Face Value
- 10.00
- Equity Capital
- 44
- 96
- 40
- Trade Payables
- 12
- 139
- Total Liabilities
- 331
- 243
- Capital Work in Progress
- 0
- 0
- 0
- Cash & Bank
- 6
- 82
- Total Assets
- 331
- Total Debt
- 40
- Net Working Capital
- -89
- Contingent Liabilities
- 2
- Book Value per Share
- 25.44
- Face Value
- 10.00
- Total Debt
- 40
- Net Working Capital
- -89
- Contingent Liabilities
- 2
- Book Value per Share
- 25.44
- Face Value
- 10.00
- Equity Capital
- 44
- 97
- 30
- Trade Payables
- 9
- 136
- Total Liabilities
- 317
- 248
- Capital Work in Progress
- 0
- 0
- 0
- Cash & Bank
- 7
- 61
- Total Assets
- 317
- Total Debt
- 30
- Net Working Capital
- -87
- Contingent Liabilities
- 2
- Book Value per Share
- 25.73
- Face Value
- 10.00
- Total Debt
- 30
- Net Working Capital
- -87
- Contingent Liabilities
- 2
- Book Value per Share
- 25.73
- Face Value
- 10.00
- Equity Capital
- 74
- 111
- 1
- Trade Payables
- 19
- 82
- Total Liabilities
- 286
- 204
- Capital Work in Progress
- 0
- 0
- 0
- Cash & Bank
- 37
- 45
- Total Assets
- 286
- Total Debt
- 26
- Net Working Capital
- 27
- Contingent Liabilities
- 2
- Book Value per Share
- 21.25
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 27
- Contingent Liabilities
- 2
- Book Value per Share
- 21.25
- Face Value
- 10.00
- Equity Capital
- 74
- 120
- 8
- Trade Payables
- 0
- 176
- Total Liabilities
- 377
- 179
- Capital Work in Progress
- 0
- 133
- 0
- Cash & Bank
- 4
- 61
- Total Assets
- 377
- Total Debt
- 146
- Net Working Capital
- 31
- Contingent Liabilities
- 1
- Book Value per Share
- 22.45
- Face Value
- 10.00
- Total Debt
- 146
- Net Working Capital
- 31
- Contingent Liabilities
- 1
- Book Value per Share
- 22.45
- Face Value
- 10.00
- Equity Capital
- 74
- 107
- 1
- Trade Payables
- 0
- 185
- Total Liabilities
- 366
- 187
- Capital Work in Progress
- 0
- 112
- 0
- Cash & Bank
- 18
- 48
- Total Assets
- 366
- Total Debt
- 145
- Net Working Capital
- 27
- Contingent Liabilities
- 1
- Book Value per Share
- 20.72
- Face Value
- 10.00
- Total Debt
- 145
- Net Working Capital
- 27
- Contingent Liabilities
- 1
- Book Value per Share
- 20.72
- Face Value
- 10.00
- Equity Capital
- 74
- 70
- 1
- Trade Payables
- 0
- 220
- Total Liabilities
- 364
- 200
- Capital Work in Progress
- 0
- 67
- 0
- Cash & Bank
- 10
- 88
- Total Assets
- 364
- Total Debt
- 138
- Net Working Capital
- -12
- Contingent Liabilities
- 0
- Book Value per Share
- 15.72
- Face Value
- 10.00
- Total Debt
- 138
- Net Working Capital
- -12
- Contingent Liabilities
- 0
- Book Value per Share
- 15.72
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 45 | 16 | 51 | 17 | 20 | 16 | 15 | 22 | 37 | |
| Cash from Investing | -12 | 9 | -12 | -38 | -6 | -3 | -10 | -133 | 10 | -19 |
| Cash from Financing | -3 | -58 | -4 | -11 | -8 | -16 | 22 | 85 | -17 | -26 |
| 1 | -4 | 0 | 2 | 3 | 1 | 28 | -33 | 15 | -8 | |
| Free Cash Flow | -13 | 45 | 2 | 4 | 0 | 14 | 16 | 15 | 11 | 19 |
| OCF / Net Profit | 12.61 | 16.53 | 9.27 | 153.44 | 24.65 | 10.74 | 3.56 | 1.34 | 2.96 | 4.35 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 38 | 65 | 37 | 50 | 57 | 77 |
| OCF / Net Profit | 12.61 | 16.53 | 9.27 | 153.44 | 24.65 | 10.74 | 3.56 | 1.34 | 2.96 | 4.35 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 38 | 65 | 37 | 50 | 57 | 77 |
- 16
- Cash from Investing
- -12
- Cash from Financing
- -3
- 1
- Free Cash Flow
- -13
- OCF / Net Profit
- 12.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 12.61
- Cumulative 5-Year FCF
- 0
- 45
- Cash from Investing
- 9
- Cash from Financing
- -58
- -4
- Free Cash Flow
- 45
- OCF / Net Profit
- 16.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 16.53
- Cumulative 5-Year FCF
- 0
- 16
- Cash from Investing
- -12
- Cash from Financing
- -4
- 0
- Free Cash Flow
- 2
- OCF / Net Profit
- 9.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 9.27
- Cumulative 5-Year FCF
- 0
- 51
- Cash from Investing
- -38
- Cash from Financing
- -11
- 2
- Free Cash Flow
- 4
- OCF / Net Profit
- 153.44
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 153.44
- Cumulative 5-Year FCF
- 0
- 17
- Cash from Investing
- -6
- Cash from Financing
- -8
- 3
- Free Cash Flow
- 0
- OCF / Net Profit
- 24.65
- Cumulative 5-Year FCF
- 38
- OCF / Net Profit
- 24.65
- Cumulative 5-Year FCF
- 38
- 20
- Cash from Investing
- -3
- Cash from Financing
- -16
- 1
- Free Cash Flow
- 14
- OCF / Net Profit
- 10.74
- Cumulative 5-Year FCF
- 65
- OCF / Net Profit
- 10.74
- Cumulative 5-Year FCF
- 65
- 16
- Cash from Investing
- -10
- Cash from Financing
- 22
- 28
- Free Cash Flow
- 16
- OCF / Net Profit
- 3.56
- Cumulative 5-Year FCF
- 37
- OCF / Net Profit
- 3.56
- Cumulative 5-Year FCF
- 37
- 15
- Cash from Investing
- -133
- Cash from Financing
- 85
- -33
- Free Cash Flow
- 15
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 50
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 50
- 22
- Cash from Investing
- 10
- Cash from Financing
- -17
- 15
- Free Cash Flow
- 11
- OCF / Net Profit
- 2.96
- Cumulative 5-Year FCF
- 57
- OCF / Net Profit
- 2.96
- Cumulative 5-Year FCF
- 57
- 37
- Cash from Investing
- -19
- Cash from Financing
- -26
- -8
- Free Cash Flow
- 19
- OCF / Net Profit
- 4.35
- Cumulative 5-Year FCF
- 77
- OCF / Net Profit
- 4.35
- Cumulative 5-Year FCF
- 77
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.29 | 0.61 | 0.38 | 0.08 | 0.16 | 0.42 | 0.63 | 1.20 | -1.73 | -4.06 |
| Book Value (₹) | 28.88 | 29.74 | 30.56 | 24.76 | 25.44 | 25.73 | 21.25 | 22.45 | 20.72 | 15.72 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.81 | 1.77 | 1.36 | 0.92 | 1.15 | 1.24 | 1.12 | 1.93 | 1.46 | 1.75 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 24.89% | 18.90% | 16.00% | 17.15% | 20.93% | 18.46% | 16.00% | 1225.80% | 0.00% | 0.00% |
| Net Margin % | 1.98% | 3.88% | 2.55% | 0.54% | 1.25% | 3.11% | 8.82% | 577.01% | 0.00% | 0.00% |
| ROE % | 0.87% | 2.10% | 1.27% | 0.27% | 0.64% | 1.63% | 3.41% | 7.06% | 4.76% | 6.29% |
| ROCE % | 3.94% | 4.03% | 3.49% | 4.12% | 4.95% | 4.94% | 5.00% | 9.01% | 8.29% | 9.66% |
| 0.44% | 0.98% | 0.59% | 0.11% | 0.22% | 0.57% | 1.53% | 3.43% | 2.04% | 2.31% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 425 | 333 | 379 | 393 | 379 | 278 | 188 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 425 | 333 | 379 | 393 | 379 | 278 | 188 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.77x | 0.35x | 0.35x | 0.37x | 0.36x | 0.27x | 0.17x | 0.88x | 0.95x | 1.19x |
| Interest Coverage (x) | 1.23x | 1.37x | 1.21x | 1.11x | 1.10x | 1.34x | 2.78x | 2.04x | 1.48x | 1.46x |
| 0.58x | 0.65x | 0.63x | 0.47x | 0.49x | 0.44x | 1.50x | 2.30x | 2.06x | 0.82x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -34.79% | 6.79% | -5.54% | -6.62% | -8.31% | 4.71% | -11.79% | -96.24% | -100.00% | 0.00% |
| Operating Profit Growth % | -36.68% | -18.90% | -20.05% | 0.11% | 11.90% | -7.65% | -23.56% | 188.23% | 17.85% | 9.33% |
| Net Profit Growth % | 75.85% | 109.44% | -37.79% | -80.24% | 111.58% | 161.36% | 150.06% | 146.10% | -33.30% | 11.36% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -243.96% | -134.82% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.31x | 3.24x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 27.60x | 16.18x |
- EPS (₹)
- 0.29
- Book Value (₹)
- 28.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.81
- Operating Margin %
- 24.89%
- Net Margin %
- 1.98%
- ROE %
- 0.87%
- ROCE %
- 3.94%
- 0.44%
- Debtor Days
- 425
- Inventory Days
- 0
- Payable Days
- 0
- 425
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 1.23x
- 0.58x
- Revenue Growth %
- -34.79%
- Operating Profit Growth %
- -36.68%
- Net Profit Growth %
- 75.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.61
- Book Value (₹)
- 29.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.77
- Operating Margin %
- 18.90%
- Net Margin %
- 3.88%
- ROE %
- 2.10%
- ROCE %
- 4.03%
- 0.98%
- Debtor Days
- 333
- Inventory Days
- 0
- Payable Days
- 0
- 333
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 1.37x
- 0.65x
- Revenue Growth %
- 6.79%
- Operating Profit Growth %
- -18.90%
- Net Profit Growth %
- 109.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.38
- Book Value (₹)
- 30.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.36
- Operating Margin %
- 16.00%
- Net Margin %
- 2.55%
- ROE %
- 1.27%
- ROCE %
- 3.49%
- 0.59%
- Debtor Days
- 379
- Inventory Days
- 0
- Payable Days
- 0
- 379
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 1.21x
- 0.63x
- Revenue Growth %
- -5.54%
- Operating Profit Growth %
- -20.05%
- Net Profit Growth %
- -37.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.08
- Book Value (₹)
- 24.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.92
- Operating Margin %
- 17.15%
- Net Margin %
- 0.54%
- ROE %
- 0.27%
- ROCE %
- 4.12%
- 0.11%
- Debtor Days
- 393
- Inventory Days
- 0
- Payable Days
- 0
- 393
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 1.11x
- 0.47x
- Revenue Growth %
- -6.62%
- Operating Profit Growth %
- 0.11%
- Net Profit Growth %
- -80.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.16
- Book Value (₹)
- 25.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.15
- Operating Margin %
- 20.93%
- Net Margin %
- 1.25%
- ROE %
- 0.64%
- ROCE %
- 4.95%
- 0.22%
- Debtor Days
- 379
- Inventory Days
- 0
- Payable Days
- 0
- 379
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 1.10x
- 0.49x
- Revenue Growth %
- -8.31%
- Operating Profit Growth %
- 11.90%
- Net Profit Growth %
- 111.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.42
- Book Value (₹)
- 25.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.24
- Operating Margin %
- 18.46%
- Net Margin %
- 3.11%
- ROE %
- 1.63%
- ROCE %
- 4.94%
- 0.57%
- Debtor Days
- 278
- Inventory Days
- 0
- Payable Days
- 0
- 278
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 1.34x
- 0.44x
- Revenue Growth %
- 4.71%
- Operating Profit Growth %
- -7.65%
- Net Profit Growth %
- 161.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.63
- Book Value (₹)
- 21.25
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.12
- Operating Margin %
- 16.00%
- Net Margin %
- 8.82%
- ROE %
- 3.41%
- ROCE %
- 5.00%
- 1.53%
- Debtor Days
- 188
- Inventory Days
- 0
- Payable Days
- 0
- 188
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 2.78x
- 1.50x
- Revenue Growth %
- -11.79%
- Operating Profit Growth %
- -23.56%
- Net Profit Growth %
- 150.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.20
- Book Value (₹)
- 22.45
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.93
- Operating Margin %
- 1225.80%
- Net Margin %
- 577.01%
- ROE %
- 7.06%
- ROCE %
- 9.01%
- 3.43%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.88x
- Interest Coverage (x)
- 2.04x
- 2.30x
- Revenue Growth %
- -96.24%
- Operating Profit Growth %
- 188.23%
- Net Profit Growth %
- 146.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -1.73
- Book Value (₹)
- 20.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.46
- Operating Margin %
- 0.00%
- Net Margin %
- 0.00%
- ROE %
- 4.76%
- ROCE %
- 8.29%
- 2.04%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.95x
- Interest Coverage (x)
- 1.48x
- 2.06x
- Revenue Growth %
- -100.00%
- Operating Profit Growth %
- 17.85%
- Net Profit Growth %
- -33.30%
- -243.96%
- P/E (x)
- 0.00x
- P/B (x)
- 4.31x
- Dividend Yield %
- 0.00%
- 27.60x
- EPS (₹)
- -4.06
- Book Value (₹)
- 15.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.75
- Operating Margin %
- 0.00%
- Net Margin %
- 0.00%
- ROE %
- 6.29%
- ROCE %
- 9.66%
- 2.31%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 1.19x
- Interest Coverage (x)
- 1.46x
- 0.82x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 9.33%
- Net Profit Growth %
- 11.36%
- -134.82%
- P/E (x)
- 0.00x
- P/B (x)
- 3.24x
- Dividend Yield %
- 0.00%
- 16.18x
Documents
Announcements
- Press Release
2026-08-17 - SIGMA ADVANCED SYSTEMS LIMITED has informed the Exchange regarding a press release dated August 17, 2026, titled "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 - Media Release - "India becomes the First Country to establish Anti-Drone Patrolling of Border and Urban areas. Indrajaal Ranger secures ₹155 Crore orders from Home Ministry, taking Counter-Drone Security Beyond Military Installations, to Border Villages, VVIP Routes and City Streets"".
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - SIGMA ADVANCED SYSTEMS LIMITED has informed the Exchange about Schedule of meet - Intimation of Schedule of Analysts/Institutional Investors Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Annual Reports
Credit Ratings
Nothing filed yet.

