Sify Technologies Limited (SIFY)
NASDAQ:SIFY
Top Page
Sify Technologies
(NASDAQ:SIFY)
Select Model
Select Model
Rating:62Neutral
Price Target:
$13.50
▲(23.97% Upside)
Action:ReiteratedDate:01/20/26
The score is held back most by weakened profitability, rising leverage, and negative free cash flow from heavy capex. Offsetting this, technicals show a clear uptrend with supportive momentum, and the latest earnings call points to strong data-center demand and EBITDA growth—though funding execution and ongoing net losses remain key risks.
Positive Factors
Data-center demand and capacity pipeline
Near‑full monetization of installed capacity (≈127 MW sold of 130 MW ready) demonstrates durable demand for co-location. A sizable pipeline (additional ~125 MW) together with AI-driven density upside supports multi‑period revenue growth and lowers vacancy risk as new capacity comes online.
Negative Factors
Rising leverage and net losses
Increased leverage combined with a 2025 net loss and negative ROE reduces financial flexibility and raises refinancing and interest‑coverage risks. For a capex‑intensive asset base, higher leverage makes sustaining growth harder and amplifies downside if funding costs rise or revenue ramps slower than expected.
Read all positive and negative factors
Positive Factors
Negative Factors
Data-center demand and capacity pipeline
Near‑full monetization of installed capacity (≈127 MW sold of 130 MW ready) demonstrates durable demand for co-location. A sizable pipeline (additional ~125 MW) together with AI-driven density upside supports multi‑period revenue growth and lowers vacancy risk as new capacity comes online.
Read all positive factors
Sify Technologies (SIFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$992.33M
Dividend YieldN/A
Average Volume (3M)61.65K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth5.81%
EPS GrowthN/A
CountryUS
Employees4,319
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding72,221,900
10 Day Avg. Volume51,967
30 Day Avg. Volume61,645
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.32
Price to Sales (P/S)0.66
P/FCF Ratio-7.22
Enterprise Value/Market Cap128.84
Enterprise Value/Revenue3.08
Enterprise Value/Gross Profit8.00
Enterprise Value/Ebitda14.65
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.8
Revenue Forecast (FY)$69.79B
Sify Technologies Business Overview & Revenue Model
Company Description
Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers i...
How the Company Makes Money
Sify primarily makes money by selling recurring and project-based ICT services to enterprise and institutional customers. Key revenue streams typically include: (1) Data Center services: fees for colocation (rack/space/power), related facilities s...
Sify Technologies Earnings Call Summary
Earnings Call Date:Jan 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and growth story: healthy top-line acceleration (revenue +11% YoY) and strong EBITDA growth (+29% YoY), near-full monetization of ready data center capacity, attractive data center margins and ROCE, plus a clear capital plan (planned IPO) to fund a sizable expansion pipeline and AI-driven demand. Offsetting these positives are a continuing net loss, a still-loss-making Digital Services segment with breakeven only expected in late FY26-27, flat Network revenue due to pricing shifts, high near-term capex needs and dependence on the IPO/timing of regulatory approvals. On balance the call signals strong momentum in the core data center and infrastructure businesses while highlighting near-term profitability and funding execution risks.Positive Updates
Revenue and EBITDA Growth
Revenue of INR 11,596 million in Q3 FY25-26, up 11% year-over-year; EBITDA of INR 2,470 million, up 29% year-over-year, indicating strong operating leverage.
Negative Updates
Net Loss Despite Strong EBITDA
Loss before tax INR 257 million and loss after tax INR 329 million in the quarter despite positive EBITDA, indicating non-operating costs, depreciation and/or financing impacts that keep the company loss-making on the bottom line.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue and EBITDA Growth
Revenue of INR 11,596 million in Q3 FY25-26, up 11% year-over-year; EBITDA of INR 2,470 million, up 29% year-over-year, indicating strong operating leverage.
Read all positive updates
Company Guidance
Management guided to near‑term growth and funding milestones while reiterating operational metrics: Q3 revenue was INR 11,596 mn (+11% YoY) with EBITDA INR 2,470 mn (+29% YoY), loss after tax INR 329 mn, quarter CapEx INR 3,452 mn and cash INR 3,627 mn (31‑Dec‑2025); business mix was Network 37% / Data Center 40% / Digital 23%. Data‑center capacity: design 188 MW, ready‑for‑service/installed 130 MW, ~127 MW sold (an additional ~9.1 MW sold in the quarter; 12.16 MW sold since June 2025 with ~4 MW revenue‑generating now), December bookings expected to generate revenue in Q4 (March); four new facilities aggregating ~125 MW are in the pipeline (two Rabale towers live this calendar year; one greenfield mid‑2026; one mid‑2027). Data‑center EBITDA margins are targeted around 44–45% (quarterly swings ~100–200 bps) with ROCE on stabilized sites in the high‑teens; liquid‑cooling adds ~USD 1.3 mn/MW (often customer‑funded). The Infinit Spaces IPO draft was filed Oct‑2025, SEBI approval expected in Jan‑2026, with a primary raise of INR 2,500 crore and an OFS of INR 1,200 crore (total ~INR 3,700 crore) to fund expansion and refinance; digital services are expected to reach breakeven in H2 FY26‑27.Sify Technologies Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.45B | 39.89B | 35.63B | 33.40B | 27.49B | 24.32B |
| Gross Profit | 15.98B | 14.97B | 13.26B | 12.02B | 7.83B | 9.62B |
| EBITDA | 8.73B | 8.09B | 7.33B | 6.67B | 6.34B | 5.34B |
| Net Income | -1.50B | -784.96M | 168.94M | 674.52M | 1.28B | 1.53B |
Balance Sheet | ||||||
| Total Assets | 83.14B | 83.18B | 70.98B | 57.40B | 47.07B | 36.66B |
| Cash, Cash Equivalents and Short-Term Investments | 2.57B | 6.30B | 5.39B | 3.65B | 3.78B | 5.10B |
| Total Debt | 38.46B | 39.51B | 33.54B | 22.93B | 17.46B | 11.74B |
| Total Liabilities | 63.62B | 63.05B | 52.91B | 40.26B | 32.59B | 23.50B |
| Stockholders Equity | 19.52B | 20.13B | 18.07B | 17.15B | 14.48B | 13.17B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.67B | -7.39B | -4.87B | -5.13B | 3.21B |
| Operating Cash Flow | 0.00 | 8.65B | 4.98B | 8.34B | 2.24B | 6.97B |
| Investing Cash Flow | 0.00 | -12.32B | -12.26B | -13.59B | -7.59B | -3.62B |
| Financing Cash Flow | 0.00 | 4.73B | 7.44B | 4.94B | 4.17B | 618.37M |
Sify Technologies Technical Analysis
Positive
10.89
Price Trends
14.50
Negative
13.28
Positive
11.34
Positive
Market Momentum
-0.35
Positive
48.45
Neutral
48.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SIFY, the sentiment is Positive. The current price of 10.89 is below the 20-day moving average (MA) of 13.78, below the 50-day MA of 14.50, and below the 200-day MA of 11.34, indicating a neutral trend. The MACD of -0.35 indicates Positive momentum. The RSI at 48.45 is Neutral, neither overbought nor oversold. The STOCH value of 48.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SIFY.
Sify Technologies Risk Analysis
Sify Technologies disclosed 78 risk factors in its most recent earnings report. Sify Technologies reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sify Technologies Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.22B | 14.58 | 26.17% | 0.47% | 2.52% | 10.02% | |
62 Neutral | $992.33M | -60.25 | -7.83% | ― | 5.81% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $835.05M | -16.17 | -4.06% | 0.97% | 11.59% | -106.83% | |
52 Neutral | $554.89M | 48.21 | 13.13% | ― | 102.05% | -110.74% | |
49 Neutral | $1.70B | -2.42 | -86.86% | ― | -0.83% | -25.72% | |
47 Neutral | $548.84M | -1.79 | -23.85% | 10.11% | -4.94% | -335.70% |
* Communication Services Sector Average
SIFY
Sify Technologies
13.74
9.71
240.94%
IDT
IDT
48.47
1.41
3.00%
SHEN
Shenandoah Telecommunications Co
15.10
3.16
26.44%
GOGO
Gogo
4.12
-2.97
-41.89%
LILA
Liberty Global LiLAC
8.35
2.91
53.49%
CABO
Cable ONE
96.76
-154.07
-61.42%
Sify Technologies Corporate Events
Sify Infinit Spaces Converts Kotak Debentures to Equity Ahead of Planned India IPO
Feb 13, 2026
On February 7, 2026, the board of Sify Infinit Spaces Limited approved the conversion of all outstanding compulsorily convertible secured debentures held by Kotak Special Situations Fund and Kotak Data Centre Fund into SISL equity, giving them 5.3...
Sify Technologies Posts Q3 FY 2025-26 Revenue Growth but Remains in Loss Amid Heavy Infrastructure Investment
Jan 12, 2026
On January 12, 2026, Sify Technologies reported its consolidated IFRS results for the quarter ended December 31, 2025, posting revenues of INR 11,596 million, up 11% year-on-year, and EBITDA of INR 2,470 million, up 29%, while still recording a ne...
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.