Sigma Solve Ltd (IN:SIGMA)
:SIGMA
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Sigma Solve Ltd
(SIGMA)
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Rating:74Outperform
Price Target:
₹50.00
▼(-15.68% Downside)
Action:ReiteratedDate:04/01/26
The score is primarily driven by strong financial performance (growth, profitability, and a very low-leverage balance sheet) and supportive income-oriented valuation (high dividend yield). These positives are partially offset by weak technicals, with the price trading below key moving averages and bearish momentum indicators.
Positive Factors
Low leverage & strong balance sheet
Very low leverage and an 80% equity ratio provide durable financial flexibility, lowering default and refinancing risk and enabling strategic choices (capex, dividends, M&A) without heavy borrowing. High ROE (~38.6%) signals efficient capital deployment supporting sustainable returns.
Negative Factors
Negative investing cash flow
Sustained negative investing cash flow implies significant capital deployment (capex or acquisitions). If these investments do not deliver expected returns, they can depress future margins, ROE and cash generation, creating a structural capital-allocation risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strong balance sheet
Very low leverage and an 80% equity ratio provide durable financial flexibility, lowering default and refinancing risk and enabling strategic choices (capex, dividends, M&A) without heavy borrowing. High ROE (~38.6%) signals efficient capital deployment supporting sustainable returns.
Read all positive factors
Sigma Solve Ltd (SIGMA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.55B
Dividend Yield0.09%
Average Volume (3M)19.07K
Price to Earnings (P/E)22.1
Beta (1Y)1.00
Revenue Growth36.40%
EPS Growth27.52%
CountryIN
Employees224
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.65
Shares Outstanding102,774,980
10 Day Avg. Volume16,573
30 Day Avg. Volume19,069
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)5.20
Price to Sales (P/S)3.37
P/FCF Ratio14.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sigma Solve Ltd Business Overview & Revenue Model
Company Description
Sigma Solve Limited engages in the enterprise software development business in India. The company offers information and information enabled services; and turnkey consultancy services to customers in their business domain. It also provides service...
Sigma Solve Ltd Financial Statement Overview
Summary
Income Statement
89
Very Positive
Balance Sheet
85
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 893.62M | 761.72M | 650.54M | 558.42M | 410.92M | 211.53M |
| Gross Profit | 418.30M | 358.95M | 299.33M | 295.88M | 258.49M | 147.24M |
| EBITDA | 322.18M | 271.41M | 266.20M | 240.76M | 163.70M | 76.79M |
| Net Income | 228.79M | 190.90M | 161.37M | 117.66M | 89.61M | 31.18M |
Balance Sheet | ||||||
| Total Assets | 774.68M | 615.06M | 400.02M | 631.20M | 366.01M | 216.35M |
| Cash, Cash Equivalents and Short-Term Investments | 76.49M | 120.66M | 81.46M | 63.88M | 283.05M | 119.72M |
| Total Debt | 34.11M | 36.54M | 48.37M | 38.70M | 4.23M | 12.19M |
| Total Liabilities | 154.33M | 120.79M | 97.84M | 113.79M | 25.10M | 22.07M |
| Stockholders Equity | 620.23M | 494.25M | 302.18M | 341.75M | 229.35M | 137.57M |
Cash Flow | ||||||
| Free Cash Flow | 167.66M | 178.08M | 59.61M | 127.12M | 163.37M | 46.50M |
| Operating Cash Flow | 168.65M | 180.08M | 73.97M | 197.42M | 164.47M | 52.61M |
| Investing Cash Flow | -138.44M | -207.31M | 365.22M | -122.32M | -145.86M | -54.36M |
| Financing Cash Flow | -13.24M | -21.01M | -411.99M | 32.31M | -10.01M | 32.79M |
Sigma Solve Ltd Technical Analysis
Positive
59.30
Price Trends
42.88
Positive
48.65
Negative
46.60
Negative
Market Momentum
-0.13
Negative
58.86
Neutral
87.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIGMA, the sentiment is Positive. The current price of 59.3 is above the 20-day moving average (MA) of 40.33, above the 50-day MA of 42.88, and above the 200-day MA of 46.60, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 87.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SIGMA.
Sigma Solve Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹4.55B | 22.08 | ― | 0.09% | 36.40% | 27.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
46 Neutral | ₹370.07M | 50.36 | ― | ― | -14.85% | -128.21% | |
43 Neutral | ₹874.02M | -10.16 | ― | ― | -48.96% | -422.00% | |
42 Neutral | ₹61.70M | -2.10 | ― | ― | ― | ― | |
42 Neutral | ₹217.33M | -116.67 | ― | ― | ― | ― |
* Technology Sector Average
IN:SIGMA
Sigma Solve Ltd
44.26
18.12
69.32%
IN:GSS
GSS Infotech Limited
15.75
-20.92
-57.05%
IN:MELSTAR
Melstar Information Technologies Limited
―
―
―
IN:SECURKLOUD
SecureKloud Technologies Limited
26.16
-2.19
-7.72%
IN:TECHIN
Techindia Nirman Ltd.
15.17
-3.93
-20.58%
Sigma Solve Ltd Corporate Events
Sigma Solve files SEBI demat compliance certificate for March 2026 quarter
Apr 6, 2026
Sigma Solve Limited has notified the stock exchanges that it has obtained the requisite compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter and year ended 31 March 2026. The c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.