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10 Yrs X-Ray 
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Analyst Note 
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About
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
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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
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹135 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹3.3
TTM Sales
₹218 Cr.
Book Value per Share
₹48.8
P/E Ratio
20.02
In line with its 5-year historical median
Industry PE
49
Price to Book (P/B)
1.36
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
7.88
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
10.98%
Underperforms industry median
Return on Capital Employed (ROCE)
13.91%
In line with industry median
Return on Assets (ROA)
5.16%
Operating Profit Margin
10.3%
Net Profit Margin
4.14%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
38.61%
Operating Profit Growth (1 Year)
-
64.3%
Net Profit Growth (1 Year)
-
83.4%
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
₹0.00 / 0.00
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
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 13.71%, indicating faster growth and gaining its market share.
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.
Stock return of Shigan Quantum Technologies Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -21.58% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -42.5% | 74.6% | 51.7% | 37.5% | 27.9% | 27.1% | 31.8% | 10.6% | 11.6% | 13.6% | - |
| Value Creation Index ⓘ | -4.0 | 4.3 | 2.7 | 1.7 | 1.0 | 0.9 | 1.3 | -0.2 | -0.2 | 0.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 5.7 | 38.7 | 69 | 69.1 | 72.8 | 95.7 | 242 | 164 | 152 | 211 | 229 |
| Sales YoY Gr. | - | 581.3% | 78.4% | 0% | 5.4% | 31.4% | 153% | -32.4% | -7.2% | 38.6% | - |
| Adj EPS ⓘ | -1.2 | 2.3 | 2.9 | 3.2 | 2.4 | 3.3 | 6.1 | 3.1 | 2.9 | 4.4 | 3.4 |
| YoY Gr. | - | NA | 27.8% | 7.1% | -23.2% | 34.3% | 86.5% | -49.3% | -5.5% | 50.7% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 13.5 | 28.9 | 31.1 | 36.6 | 45.7 | 48.9 |
| Adj Net Profit ⓘ | -1.2 | 2.3 | 2.9 | 3.2 | 3.1 | 4.1 | 10.4 | 5.3 | 5.3 | 8.9 | 7 |
| Cash Flow from Ops. ⓘ | 0.1 | 0.8 | 2.2 | 1.8 | 3.5 | 2.2 | -27.4 | 2.1 | -12.3 | -12.4 | - |
| Debt/CF from Ops. ⓘ | 11.9 | 4 | 3.1 | 4.1 | 2 | 4 | -0.8 | 16.9 | -3.6 | -4.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 49.4% | 23.7% | -4.5% | 38.6% | ||||
| Adj EPS ⓘ | NA | 12.6% | -10.3% | 50.7% | ||||
| BVPSⓘ | NA | NA | 16.5% | 24.8% | ||||
| Share Price | - | - | -20.8% | -6.3% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -87.5 | 128.4 | 69.4 | 45.2 | 28.3 | 27 | 31.2 | 10.2 | 8.4 | 10.9 | 7.2 |
| Op. Profit Mgn % ⓘ | -14.7 | 9.3 | 7.9 | 9.2 | 7.9 | 7.8 | 7.2 | 7.5 | 8.6 | 9.8 | NAN |
| Net Profit Mgn % ⓘ | -21.6 | 5.9 | 4.3 | 4.6 | 4.2 | 4.3 | 4.3 | 3.2 | 3.5 | 4.2 | 3 |
| Debt to Equity ⓘ | 1.7 | 1.2 | 1.2 | 0.9 | 0.5 | 0.5 | 0.5 | 0.7 | 0.7 | 0.6 | - |
| Working Cap Days ⓘ | 251 | 51 | 69 | 105 | 100 | 107 | 108 | 233 | 266 | 217 | 0 |
| Cash Conv. Cycle ⓘ | 146 | 29 | 37 | 59 | 68 | 40 | 17 | 50 | 86 | 87 | 0 |
Valuation of Shigan Quantum Tech. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|
| Sales | 164 | 152 | 211 |
| Operating Expenses ⓘ + | 154 | 139 | 190 |
| Operating Profit ⓘ | 10 | 13 | 21 |
| Operating Profit Margin (%) | 6.1% | 8.4% | 10.0% |
| Other Income ⓘ + | 0 | 2 | 1 |
| Interest ⓘ | 3 | 5 | 7 |
| Depreciation ⓘ | 2 | 4 | 4 |
| Profit Before Tax ⓘ | 5 | 7 | 12 |
| Tax ⓘ | 1 | 2 | 3 |
| Profit After Tax | 4 | 5 | 9 |
| PAT Margin (%) | 2.2% | 3.1% | 4.1% |
| Adjusted EPS (₹) | 2.1 | 2.6 | 4.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 4.70% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 54 | 66 | 93 | ||||||||
| Debt + | 34 | 43 | 53 | ||||||||
| Minority Interest | 0 | 0 | 0 | ||||||||
| Trade Payables | 28 | 29 | 25 | ||||||||
| Others Liabilities ⓘ | 10 | 13 | 16 | ||||||||
| Total Liabilities ⓘ | 127 | 151 | 187 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 15 | 22 | 30 | ||||||||
| CWIP ⓘ | 0 | 0 | 0 | ||||||||
| Investments ⓘ | 0 | 0 | 0 | ||||||||
| Inventories | 56 | 52 | 49 | ||||||||
| Trade Receivables | 6 | 21 | 39 | ||||||||
| Cash Equivalents | 3 | 10 | 22 | ||||||||
| Others Assets ⓘ | 47 | 46 | 47 | ||||||||
| Total Assets ⓘ | 127 | 151 | 187 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -3 | -7 | -6 |
| Cash Flow From Investing Activity ⓘ + | -11 | -10 | -11 |
| Cash Flow From Financing Activity ⓘ + | 10 | 17 | 18 |
| Net Cash Flow ⓘ | -4 | -0 | 1 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.81 | 7.95 | 10.98 | |||||||
| ROCE (%) | 9.37 | 11.01 | 13.91 | |||||||
| Asset Turnover Ratio | 1.29 | 1.09 | 1.25 | |||||||
| PAT to CFO Conversion(x) | -0.75 | -1.4 | -0.67 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 13.10 | 32.30 | 52.20 | |||||||
| Inventory Days | 124.10 | 129.10 | 87.50 | |||||||
| Payable Days | 90.60 | 103.10 | 71.30 | |||||||
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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 ₹135.2 Cr
The latest P/E ratio of Shigan Quantum Tech. as of 31-Dec-1969 is 19.70.
The latest P/B ratio of Shigan Quantum Tech. as of 31-Dec-1969 is 1.36.
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 below 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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