Sigma Solve Ltd - Stock Valuation and Financial Performance

BSE: 543917 | NSE: SIGMA | BPO/ITeS | Small Cap

Sigma Solve Ltd Share Price

428.50 -3.15 -0.73%
as on 26-Feb'24 16:31

DeciZen - make an informed investing decision on Sigma Solve

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Sigma Solve stock performance -

mw4me loader
P/E Ratio (SA):
232.68
Market Cap:
443.6 Cr.
52-wk low:
297.5
52-wk high:
579.3

Is Sigma Solve Ltd an attractive stock to invest in?

1. Is Sigma Solve Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sigma Solve Ltd is a good quality company.

2. Is Sigma Solve Ltd undervalued or overvalued?

The key valuation ratios of Sigma Solve Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sigma Solve Ltd a good buy now?

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.

10 Year X-Ray of Sigma Solve:

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.
Sigma Solve Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.3%37.1%24%20%14.5%11.6%13.1%-
Value Creation
Index
-0.11.70.70.40.0-0.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 22.53.45.57.510.817.818
Sales YoY Gr.-22.6%34.8%64.4%35.2%43.9%64.8%-
Adj EPS 0.20.91.10.711.21.71.9
YoY Gr.-304.8%31.8%-34.8%30.1%22.1%48.3%-
BVPS (₹) 1.32.13.44.79.310.31214.1
Adj Net
Profit
0.10.20.30.611.21.82
Cash Flow from Ops. -0.10.30.30.40.10.41.2-
Debt/CF from Ops. -2.60.92.60.92.51.23.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA48%47.5%64.8%
Adj EPS NA15.1%33.1%48.3%
BVPSNA42%36.4%16%
Share Price - - 112.4% 125.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.151.3412514.911.915.414.3
Op. Profit
Mgn %
9.811.312.714.314.69.713.816.3
Net Profit
Mgn %
2.78.68.49.91311.19.910.8
Debt to
Equity
0.40.40.90.1000.3-
Working Cap
Days
0375480101948832
Cash Conv.
Cycle
029404663787416

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.30%

Sales growth is growing at healthy rate in last 3 years 47.45%

Net Profit is growing at healthy rate in last 3 years 33.07%

Sales growth is good in last 4 quarters at 39.57%

No data to display

Latest Financials - Sigma Solve Ltd.

Standalone Consolidated
TTM EPS (₹) 1.9 9.6
TTM Sales (₹ Cr.) 17.8 55.5
BVPS (₹.) 14.1 45.6
Reserves (₹ Cr.) 4 37
P/BV 30.65 9.47
PE 232.68 44.80
From the Market
52 Week Low / High (₹) 297.50 / 579.25
All Time Low / High (₹) 297.50 / 579.25
Market Cap (₹ Cr.) 444
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 61.6

Management X-Ray of Sigma Solve:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sigma Solve

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Sigma Solve Ltd Stock News

Sigma Solve Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sigma Solve on 26-Feb-2024 16:31 is ₹428.5.
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 26-Feb-2024 16:31 the market cap of Sigma Solve stood at ₹443.6.
The latest P/E ratio of Sigma Solve as of 26-Feb-2024 16:31 is 232.7.
The latest P/B ratio of Sigma Solve as of 26-Feb-2024 16:31 is 30.65.
The 52-week high of Sigma Solve is ₹579.2 and the 52-week low is ₹297.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sigma Solve is ₹17.76 ( Cr.) .

About Sigma Solve Ltd

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:

  • 2010: Incorporation of the company in the name of Sigma Solve IT Tech Private Limited.
  • 2017: Name of the company changed to Presha Software Private Limited.
  • 2018: Registered office of the company shifted from A/503, Indraprashth-7, Opp. Bodakdev Fire, Station, Bodakdev, Ahmedabad to 305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu bhavan Road, S G Highway, Ahmedabad.
  • 2019: Name of the company changed to Sigma Solve Private Limited.
  • 2019: The company converted to Public Limited from Private Limited Company.
  • 2019: The company acquired 51.04% stake in Sigma Solve Inc. situated in Florida, USA.
  • 2022: The company increased stake in Sigma Solve Inc. to around 60% from 51.04% by investing Rs 70 lakh.
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