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Shigan Quantum Technologies Ltd (SHIGAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SHIGAN Auto Ancillary | Small Cap | Shigan Quantum Tech. Share Price

BSE Share Price
Not Listed

Shigan Quantum Technologies Ltd (SHIGAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SHIGAN Auto Ancillary | Small Cap | Shigan Quantum Tech. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹142 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹3.4
TTM Sales
₹229 Cr.
Book Value per Share
₹48.9
P/E Ratio
20.74
In line with its 5-year historical median
Industry PE
43.1
Price to Book (P/B)
1.43
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
8.74
Lower than its 5-year historical median
Dividend Yield
0.31%
Profitability Efficiency
Return on Equity (ROE)
10.66%
Underperforms industry median
Return on Capital Employed (ROCE)
13.63%
In line with industry median
Return on Assets (ROA)
5.19%
Operating Profit Margin
9.8%
Net Profit Margin
4.03%
Gross Profit Margin
7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
38.61%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
54.95%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
57.81%
Asset Quality
Promoter Holding
69.74%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹79 Cr.
Equity
₹20.3 Cr.
Face Value
₹10
All Time Low / High
- / -

Shigan Quantum Technologies stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Shigan Quantum Technologies Ltd a good quality company?
Shigan Quantum Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shigan Quantum Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shigan Quantum Technologies Ltd vs industry peers?
Shigan Quantum Technologies Ltd revenue CAGR is 23.68%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shigan Quantum Technologies Ltd?
Promoters hold 69.74% of the Shigan Quantum Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shigan Quantum Technologies Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 2.61% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -42.5%74.6%51.7%37.5%27.9%27.1%31.8%10.6%11.6%13.6%-
Value Creation
Index
-4.04.32.71.71.00.91.3-0.2-0.20.0-

Growth Parameters

Sales 5.738.76969.172.895.7242164152211229
Sales YoY Gr.-581.3%78.4%0%5.4%31.4%153%-32.4%-7.2%38.6%-
Adj EPS -1.22.32.93.22.43.36.13.12.94.43.4
YoY Gr.-NA27.8%7.1%-23.2%34.3%86.5%-49.3%-5.5%50.7%-
BVPS (₹) 0000013.528.931.136.645.748.9
Adj Net
Profit
-1.22.32.93.23.14.110.45.35.38.97
Cash Flow from Ops. 0.10.82.21.83.52.2-27.42.1-12.3-12.4-
Debt/CF from Ops. 11.943.14.124-0.816.9-3.6-4.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 49.4%23.7%-4.5%38.6%
Adj EPS NA12.6%-10.3%50.7%
BVPSNANA16.5%24.8%
Share Price - - -1.2% -14.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-87.5128.469.445.228.32731.210.28.410.97.2
Op. Profit
Mgn %
-14.79.37.99.27.97.87.27.58.69.8NAN
Net Profit
Mgn %
-21.65.94.34.64.24.34.33.23.54.23
Debt to
Equity
1.71.21.20.90.50.50.50.70.70.6-
Working Cap
Days
25151691051001071082332662170
Cash Conv.
Cycle
1462937596840175086870

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales63969697396242164152211
Operating Expenses + 73564636789225154139191
Manufacturing Costs1351081529232030
Material Costs32853465264181114102140
Employee Cost 12334367910
Other Costs 124556108810
Operating Profit -13566717101320
Operating Profit Margin (%) -16.5%8.4%7.4%8.3%7.6%7.0%6.9%6.2%8.5%9.5%
Other Income + 0000000021
Exceptional Items 0000000000
Interest 0011112356
Depreciation 0000111233
Profit Before Tax -134445135711
Tax -0011113123
Profit After Tax -12333410458
PAT Margin (%) -22.8%5.4%4.0%3.9%4.0%3.8%4.1%2.4%3.5%4.0%
Adjusted EPS (₹)-1.32.12.82.72.32.95.72.23.04.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%4.80%

Valuation of Shigan Quantum Tech. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1368131750546693
Share Capital 22223317171820
Reserves -1146111532364873
Debt +13677918344351
Long Term Debt0000011078
Short Term Debt13677817343644
Minority Interest0000000000
Trade Payables125531543282925
Others Liabilities 2133252810138
Total Liabilities 5920232445138126151176

Fixed Assets

Net Fixed Assets +1122237151716
Gross Block23445813232831
Accumulated Depreciation122234681114
CWIP 0000330000
Investments 0000000556
Inventories25814131255565249
Trade Receivables1285411662139
Cash Equivalents 0000022631021
Others Assets 113211445424644
Total Assets 5920232445138126151176

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 012232-272-12-12
PBT -134445135711
Adjustment 01122247810
Changes in Working Capital 1-2-2-3-1-4-41-8-25-31
Tax Paid -0-1-1-1-1-1-4-1-2-3
Cash Flow From Investing Activity + 0-0-1-0-5-1-2-16-5-3
Capex -0-0-1-0-5-1-2-11-5-2
Net Investments 0000000-5-0-1
Others 0000000001
Cash Flow From Financing Activity + -0-0-1-11134101716
Net Proceeds from Shares 000020230713
Net Proceeds from Borrowing 00000013-071
Interest Paid -0-0-1-1-1-1-2-3-5-6
Dividend Paid 0000000000
Others 0000-0201388
Net Cash Flow -0-000024-4-01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-92.37116.0565.1838.6426.9524.129.547.488.9810.66
ROCE (%)-42.4874.5651.737.4527.9327.1331.7810.6111.613.63
Asset Turnover Ratio1.146.084.763.183.062.742.641.241.091.29
PAT to CFO Conversion(x)N/A0.50.670.6710.5-2.70.5-2.4-1.5
Working Capital Days
Receivable Days93.9015.1026.8033.9022.9029.6012.9013.2032.3052.10
Inventory Days105.602831.9057.8068.4048.1050.20122.80129.1087.60
Payable Days90.4017.1025.2042.8028.3050.2058.40113.50102.5069.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shigan Quantum Technologies Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Shigan Quantum Tech. stood at ₹142.3 Cr

The latest P/E ratio of Shigan Quantum Tech. as of 31-Dec-1969 is 20.74.

The latest P/B ratio of Shigan Quantum Tech. as of 31-Dec-1969 is 1.43.

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 ₹229 ( Cr.) .

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 Undervalued 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.

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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