SIGMAADV

SIGMA ADVANCED SYSTEMS LIMITED

Aerospace and defence precision-components manufacturer of mission-critical systems and components

Industrials›Capital Goods›Aerospace & Defense›Aerospace & Defense

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

Price as of 2026-10-16

Stock price
₹957.60
Market cap
18,146 Cr
Stock P/E
111.1
P/B
36.03
ROE (FY26)
57.2%
ROCE (FY26)
41.8%
Operating margin (FY26)
6.8%
Debt / equity (FY26)
0.64
OCF / EBITDA (FY26)
71.8%
OCF / EBITDA (3Y)
408.1%

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 Advanced Systems (formerly Megasoft Limited) makes aerospace and defence components and sub-systems, from aero-engine and airframe parts to missile guidance, radar, electronic-warfare and counter-drone products, for global aerospace makers and for Indian and export defence customers.

Company snapshot

6thBy market cap

Ranked among 25 companies in Aerospace & Defense.

What we see

Positives
  • ✓Net margin of 54.5% — the business keeps a healthy share of every rupee it earns.
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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 2026Jun 2026
Sales0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr146 Cr323 Cr374 Cr
Operating expenses (approx.)2 Cr2 Cr1 Cr2 Cr2 Cr3 Cr3 Cr16 Cr2 Cr139 Cr268 Cr313 Cr
EBITDA-2 Cr-2 Cr-1 Cr-2 Cr-2 Cr-3 Cr-3 Cr-16 Cr-2 Cr7 Cr55 Cr61 Cr
OPM %—————————4.6%17.1%16.3%
Other income11 Cr8 Cr8 Cr8 Cr9 Cr13 Cr13 Cr187 Cr4 Cr14 Cr91 Cr5 Cr
Interest4 Cr4 Cr5 Cr4 Cr4 Cr5 Cr5 Cr3 Cr0.14 Cr5 Cr11 Cr8 Cr
Depreciation0.67 Cr0.67 Cr1 Cr1 Cr1 Cr1 Cr1 Cr0.85 Cr0.93 Cr6 Cr7 Cr8 Cr
Profit before tax-3 Cr-5 Cr-8 Cr-17 Cr-14 Cr6 Cr-5 Cr167 Cr0.56 Cr-0.47 Cr130 Cr46 Cr
Tax %-2.6%0.0%0.0%0.0%0.0%0.0%0.0%18.5%0.0%-118.3%1.4%23.8%
Net profit-3 Cr-5 Cr-8 Cr-17 Cr-14 Cr6 Cr-5 Cr136 Cr0.56 Cr-1 Cr128 Cr35 Cr
EPS (₹)₹-0.44₹-0.65₹-1.10₹-2.27₹-1.93₹0.79₹-0.65₹18.47₹0.08₹-0.14₹7.29₹2.01

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales70 Cr66 Cr62 Cr57 Cr59 Cr52 Cr2 Cr0 Cr0 Cr492 CrSign in free for the trailing twelve months
Operating expenses (approx.)65 Cr57 Cr60 Cr51 Cr55 Cr71 Cr20 Cr9 Cr10 Cr444 CrSign in free for the trailing twelve months
EBITDA6 Cr10 Cr2 Cr5 Cr4 Cr-18 Cr-18 Cr-9 Cr-10 Cr48 CrSign in free for the trailing twelve months
OPM %8.0%14.5%3.2%9.5%6.9%-35.0%-898.1%——9.7%Sign in free for the trailing twelve months
Other income8 Cr0.99 Cr9 Cr7 Cr7 Cr27 Cr42 Cr37 Cr42 Cr296 CrSign in free for the trailing twelve months
Interest6 Cr5 Cr6 Cr7 Cr5 Cr3 Cr11 Cr17 Cr18 Cr20 CrSign in free for the trailing twelve months
Depreciation5 Cr4 Cr4 Cr4 Cr4 Cr4 Cr3 Cr3 Cr4 Cr14 CrSign in free for the trailing twelve months
Profit before tax2 Cr1 Cr0.71 Cr0.67 Cr2 Cr5 Cr9 Cr-12 Cr-30 Cr301 CrSign in free for the trailing twelve months
Tax %-23.4%-55.3%52.6%-5.6%-0.1%11.8%0.0%-5.3%0.0%11.1%Sign in free for the trailing twelve months
Net profit3 Cr2 Cr0.33 Cr0.71 Cr2 Cr5 Cr9 Cr-13 Cr-30 Cr268 CrSign in free for the trailing twelve months
EPS (₹)₹0.59₹0.45₹0.08₹0.16₹0.42₹0.74₹1.20₹-1.73₹-4.06₹15.21Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%——0.0%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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital44 Cr44 Cr44 Cr44 Cr44 Cr74 Cr74 Cr74 Cr74 Cr176 Cr
Reserves87 Cr91 Cr93 Cr96 Cr97 Cr111 Cr120 Cr107 Cr70 Cr292 Cr
Borrowings46 Cr47 Cr41 Cr40 Cr30 Cr25 Cr146 Cr145 Cr137 Cr300 Cr
Other liabilities96 Cr115 Cr144 Cr151 Cr146 Cr77 Cr38 Cr41 Cr84 Cr290 Cr
Total liabilities273 Cr297 Cr322 Cr331 Cr317 Cr286 Cr377 Cr366 Cr364 Cr1,059 Cr
Fixed assets (net)81 Cr40 Cr128 Cr163 Cr169 Cr187 Cr179 Cr187 Cr200 Cr259 Cr
CWIP—58 Cr31 Cr——————9 Cr
Investments——0 Cr0 Cr0 Cr0 Cr133 Cr112 Cr67 Cr14 Cr
Loans & advances——0 Cr0 Cr0 Cr8 Cr28 Cr10 Cr15 Cr0 Cr
Inventories——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr193 Cr
Trade receivables63 Cr75 Cr58 Cr59 Cr31 Cr23 Cr0 Cr0 Cr0 Cr363 Cr
Cash & bank0.56 Cr0.62 Cr3 Cr6 Cr7 Cr35 Cr2 Cr17 Cr9 Cr21 Cr
Other assets129 Cr124 Cr102 Cr103 Cr111 Cr34 Cr35 Cr39 Cr73 Cr199 Cr
Total assets273 Cr297 Cr322 Cr331 Cr317 Cr286 Cr377 Cr366 Cr364 Cr1,059 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity45 Cr16 Cr51 Cr17 Cr20 Cr16 Cr13 Cr42 Cr40 Cr34 Cr
Cash from investing9 Cr-12 Cr-38 Cr-6 Cr-3 Cr-10 Cr-131 Cr-8 Cr-22 Cr-265 Cr
Cash from financing-58 Cr-4 Cr-11 Cr-8 Cr-16 Cr22 Cr85 Cr-19 Cr-26 Cr242 Cr
Net cash flow-4 Cr0.05 Cr2 Cr3 Cr0.96 Cr28 Cr-33 Cr15 Cr-8 Cr11 Cr
Free cash flow (OCF − Capex)44 Cr4 Cr——20 Cr16 Cr11 Cr31 Cr23 Cr-35 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.6%3.4%3.8%4.2%4.3%3.9%5.8%1.5%-4.2%41.8%
ROE %2.1%1.3%0.2%0.5%1.3%2.5%4.6%-7.1%-20.8%57.2%
Debtor days3284103443821911580——269
Inventory days——00000——333
Days payable620453247269177401538——332
Cash conversion cycle-292-439711314-244-538——270
OCF / EBITDA %800.4%163.3%2600.8%324.5%484.1%————71.8%
OCF / EBITDA % (3 years)——650.8%497.9%773.9%————408.1%
Debt / equity0.350.350.300.280.210.140.750.800.950.64
Current ratio——0.470.490.441.502.542.060.821.42
Net debt / EBITDA8.09—19.396.305.54————5.84