SIGMA

Sigma Solve Limited

IT enabled services and digital solutions provider

Information Technology›Information Technology›IT - Services›IT Enabled Services

sigmasolve.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹44.40
Market cap
458 Cr
Stock P/E
14.7
P/B
5.92
Dividend yield
0.1%
ROE (FY26)
30.7%
ROCE (FY26)
40.4%
Operating margin (FY26)
28.6%
Debt / equity (FY26)
0.03
OCF / EBITDA (FY26)
108.0%
OCF / EBITDA (3Y)
72.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sigma Solve is an Ahmedabad-based company in the IT enabled services industry, with consolidated revenue of ₹96 crore in FY26.

Company snapshot

37thBy market cap

Ranked among 56 companies in IT Enabled Services.

What we see

Positives
  • ✓Net margin of 25.0% — the business keeps a healthy share of every rupee it earns.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 20261Jun 2026
Sales16 Cr16 Cr16 Cr16 Cr17 Cr20 Cr24 Cr21 Cr26 Cr25 Cr25 Cr23 Cr
Operating expenses (approx.)10 Cr11 Cr10 Cr11 Cr12 Cr14 Cr14 Cr16 Cr18 Cr17 Cr17 Cr15 Cr
EBITDA6 Cr6 Cr6 Cr5 Cr5 Cr6 Cr10 Cr5 Cr8 Cr8 Cr8 Cr8 Cr
OPM %35.6%35.2%36.7%29.6%31.0%30.6%41.3%24.0%29.9%31.7%31.6%33.6%
Other income1 Cr0.62 Cr0.31 Cr0.75 Cr0.59 Cr0.19 Cr-0.13 Cr2 Cr2 Cr2 Cr-0.79 Cr9 Cr
Interest0.11 Cr0.10 Cr0.10 Cr0.09 Cr0.17 Cr0.08 Cr0.07 Cr0.07 Cr0.18 Cr0.06 Cr0.05 Cr0.04 Cr
Depreciation0.32 Cr0.32 Cr0.33 Cr0.26 Cr0.25 Cr0.27 Cr0.27 Cr0.21 Cr0.22 Cr0.24 Cr0.20 Cr0.19 Cr
Profit before tax7 Cr6 Cr6 Cr5 Cr5 Cr6 Cr9 Cr7 Cr9 Cr9 Cr7 Cr16 Cr
Tax %38.6%22.4%8.9%23.6%24.6%25.6%26.3%24.3%24.4%27.2%—23.7%
Net profit4 Cr5 Cr5 Cr4 Cr4 Cr5 Cr7 Cr5 Cr7 Cr7 Cr5 Cr13 Cr
EPS (₹)₹2.59₹4.46₹5.18₹3.82₹4.00₹8.22₹6.64₹5.04₹0.65₹0.65—₹1.22
  1. 1Mar 2026: Derived from year-to-date: the year to 31 Mar 2026 less the quarters to 30 Jun 2025, 30 Sep 2025 and 31 Dec 2025; the filing gives no figures for this quarter alone

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2024Mar 2025Mar 2026TTM
Sales10 Cr65 Cr76 Cr96 CrSign in free for the trailing twelve months
Operating expenses (approx.)9 Cr42 Cr50 Cr67 CrSign in free for the trailing twelve months
EBITDA2 Cr23 Cr26 Cr28 CrSign in free for the trailing twelve months
OPM %17.8%35.5%33.8%29.5%Sign in free for the trailing twelve months
Other income0.52 Cr4 Cr1 Cr5 CrSign in free for the trailing twelve months
Interest0.06 Cr0.32 Cr0.41 Cr0.36 CrSign in free for the trailing twelve months
Depreciation0.19 Cr1 Cr1 Cr0.88 CrSign in free for the trailing twelve months
Profit before tax2 Cr25 Cr26 Cr32 CrSign in free for the trailing twelve months
Tax %8.2%23.3%25.7%24.4%Sign in free for the trailing twelve months
Net profit2 Cr19 Cr19 Cr24 CrSign in free for the trailing twelve months
EPS (₹)₹5.73₹31.40₹18.57₹2.32Sign in free for the trailing twelve months
Dividend payout %—2.7%2.7%2.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2024Mar 2025Mar 2026
Equity capital3 Cr10 Cr10 Cr10 Cr
Reserves3 Cr20 Cr39 Cr67 Cr
Borrowings3 Cr5 Cr4 Cr2 Cr
Other liabilities2 Cr5 Cr8 Cr10 Cr
Total liabilities14 Cr40 Cr62 Cr89 Cr
Fixed assets (net)0.39 Cr8 Cr7 Cr6 Cr
CWIP0.0062 Cr0 Cr——
Investments0.89 Cr7 Cr21 Cr37 Cr
Loans & advances—0.04 Cr0.01 Cr0 Cr
Inventories—0 Cr0 Cr2 Cr
Trade receivables4 Cr15 Cr21 Cr18 Cr
Cash & bank8 Cr7 Cr2 Cr9 Cr
Other assets0.39 Cr3 Cr10 Cr17 Cr
Total assets14 Cr40 Cr62 Cr89 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.34 Cr7 Cr18 Cr30 Cr
Cash from investing4 Cr37 Cr-21 Cr-22 Cr
Cash from financing4 Cr-41 Cr-2 Cr-3 Cr
Net cash flow8 Cr3 Cr-5 Cr6 Cr
Free cash flow (OCF − Capex)-0.75 Cr6 Cr18 Cr30 Cr

Ratios

MetricMar 2020Mar 2024Mar 2025Mar 2026
ROCE %18.1%72.8%49.2%40.4%
ROE %16.5%53.4%38.6%30.7%
Debtor days1428210070
Inventory days—0041
Days payable14103825
Cash conversion cycle128726286
OCF / EBITDA %-18.2%32.0%70.0%108.0%
OCF / EBITDA % (3 years)———72.5%
Debt / equity0.520.160.070.03
Current ratio—4.455.565.24
Net debt / EBITDA-2.69-0.100.05-0.24