Sigma Solve Ltd

SIGMA

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Market Cap

₹ 524 Cr

P/E

22.88

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

MODERATE RISK

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Price

PE Ratio

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Overview

Detailed Summary

Sigma Solve Limited is a company offering IT and IT-enabled services, with its roots and operational controls based in Ahmedabad, India. It provides enterprise software development and consultancy services across various domains including web, e-commerce, and business intelligence.

The company has expanded significantly through its subsidiary, Sigma Solve Inc., based in the USA and Australia, focusing on expanding business opportunities and service execution globally.

Sigma Solve Limited generates its revenue exclusively through exports, predominantly billing through Sigma Solve Inc. on a per man-hour basis, reflecting its strong international business focus.

Recent strategic moves include full acquisition of its foreign subsidiary, Sigma Solve Inc., enhancing its control over international operations and expanding its global market presence.

By acquiring a significant stake in Sigma Accounting Private Limited, the company is diversifying its service spectrum, indicating strategic intent toward financial software solutions.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

524 Cr

Volatility

High Risk

P/E Ratio

22.9

Industry P/E

38.4

PEG Ratio

0.3

P/B Ratio

8.5

52W High

65.29

52W Low

22.10

Sales CAGR

17.09%

43.63%

41.96%

10Y

37.46%

Profit CAGR

-1.24%

65.80%

53.86%

10Y

54.30%

ROE

TTM

36.89%

23.13%

19.62%

10Y

20.04%

ROCE

TTM

47.58%

27.49%

24.06%

10Y

24.60%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SIGMA	51.50	524 Cr	22.88	8.45	0.10	36.89	47.58	29.53
ABMKNO	261.10	522 Cr	40.23	2.20	0.49	5.45	8.93	5.64
TECHLABS	298.15	515 Cr	44.83	8.87	0.00	28.67	33.75	18.86
XTGLOBAL	38.90	513 Cr	51.88	2.67	0.00	5.17	7.61	4.29
SYSTANGO	348.40	511 Cr	24.19	5.00	0.00	26.74	32.47	23.65
TECHD	671.50	502 Cr	59.80	8.22	0.00	16.32	22.22	14.32
WORKMATES	385.95	499 Cr	35.80	6.06	0.00	50.32	54.20	22.63

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	16	16	16	16	16	17	20	24	21	26
Expenses	11	10	10	10	11	12	14	14	16	18
Operating Profit	5.77	5.81	5.92	5.96	4.74	5.27	6.00	9.73	4.97	7.64
OPM %	35.42	35.64	36.45	36.74	29.63	30.91	30.64	41.33	24.06	29.86
Other Income	1.20	1.24	0.41	0.31	0.75	0.59	0.19	-0.13	2.14	1.57
Interest	0.01	0.11	0.10	0.10	0.09	0.17	0.08	0.07	0.07	0.18
Depreciation	0.12	0.32	0.32	0.33	0.26	0.25	0.27	0.27	0.21	0.22
Profit Before Tax	6.83	6.62	5.91	5.84	5.14	5.45	5.84	9.26	6.83	8.80
Tax %	21.67	38.67	22.34	8.90	23.54	24.59	27.57	26.24	24.01	24.43
Net Profit	5.35	4.07	4.59	5.32	3.93	4.11	4.23	6.82	5.18	6.65
EPS in Rs	3.50	2.59	4.46	5.18	3.82	4.00	4.11	6.64	5.04	6.50

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	10	21	41	55	65	76	81
Expenses	8.59	14	26	33	42	50	55
Operating Profit	1.86	7.33	15	22	23	26	26
OPM %	17.77	34.65	36.53	40.37	35.48	33.79	32.13
Other Income	0.52	0.34	1.36	1.44	3.54	1.40	2.79
Interest	0.06	0.01	0.00	0.01	0.32	0.41	0.39
Depreciation	0.19	0.32	0.23	0.38	1.09	1.05	1.00
Profit Before Tax	2.12	7.35	16	23	25	26	27
Tax %	10.47	29.24	12.24	34.82	23.34	25.69	25.71
Net Profit	1.90	5.20	14	15	19	19	20
EPS in Rs	—	—	—	10.26	15.73	18.57	22.29
Dividend Payout %	0.00	5.64	2.29	5.19	3.18	2.69	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.01	4.11	4.11	10	10	10
Reserves	2.67	15	19	24	20	39
Borrowings	2.89	1.22	0.42	3.87	4.84	3.65
Other Liabilities	5.00	0.99	13	25	4.95	8.43
Total Liabilities	14	22	37	63	40	62
Fixed Assets	0.41	0.70	0.58	0.63	7.82	6.97
CWIP	0.01	0.01	0.00	6.58	0.00	0.00
Investments	0.89	5.78	21	45	6.90	17
Other Assets	12	15	15	11	25	38
Total Assets	14	22	37	63	40	62

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.42	5.26	16	20	7.40	18
Cash from Investing Activity	4.23	-5.44	-15	-30	37	-21
Cash from Financing Activity	4.06	3.28	-1.00	3.23	-41	-2.10
Net Cash Flow	7.86	3.10	0.86	-7.18	2.72	-4.82

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	May 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%	73.22%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%	26.78%
Total Shareholders	287	292	6,548	9,574	12,726	15,397	15,547	15,220	15,093	14,831	14,171	13,153

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Sep 16, 2025	Aditya vikrambhai patel	Insider - KMP	Disposal	506.10	0.02 Cr	300	—
Sep 16, 2025	Aditya vikrambhai patel huf	Insider - Other	Disposal	502.00	0.08 Cr	1,546	0.01
Aug 24, 2024	Pujanben birenbhai zaverchand	Insider - Immediate Relative	Acquisition	0.00	0.00 Cr	16,25,126	—
Aug 24, 2024	Birenbhai harshadbhai zaverchand	Insider - Immediate Relative	Acquisition	0.00	0.00 Cr	16,25,126	—
Jul 04, 2024	Shivang chokshi	Insider - Promoter Group	Acquisition	—	—	505	—
Jul 02, 2024	Shivang chokshi	Insider - Promoter Group	Disposal	—	—	505	—
Jun 19, 2024	Dipti jayeshbhai shah	Insider - Connected Person	Disposal	393.87	0.08 Cr	1,987	0.01
Jun 17, 2024	Dipti jayeshbhai shah	Insider - Connected Person	Disposal	394.92	0.10 Cr	2,513	0.02
Feb 22, 2024	Dipti jayeshbhai shah	Insider - Connected Person	Disposal	427.18	0.06 Cr	1,500	0.015
Dec 28, 2023	Dipti jayeshbhai shah	Insider - Connected Person	Disposal	474.47	0.07 Cr	1,500	0.01

Projection

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Q1 FY24

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Q4 FY23

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Q2 FY23

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Recent strategic moves include full acquisition of its foreign subsidiary, Sigma Solve Inc., enhancing its control over international operations and expanding its global market presence.

By acquiring a significant stake in Sigma Accounting Private Limited, the company is diversifying its service spectrum, indicating strategic intent toward financial software solutions.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

524 Cr

Volatility

High Risk

P/E Ratio

22.9

Industry P/E

38.4

PEG Ratio

0.3

P/B Ratio

8.5

52W High

65.29

52W Low

22.10

Sales CAGR

17.09%

43.63%

41.96%

10Y

37.46%

Profit CAGR

-1.24%

65.80%

53.86%

10Y

54.30%

ROE

TTM

36.89%

23.13%

19.62%

10Y

20.04%

ROCE

TTM

47.58%

27.49%

24.06%

10Y

24.60%

Sigma Solve Ltd

Sigma Solve Ltd

SIGMA

AI Mode

Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Technicals

Forecasts

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

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Technicals

Forecasts

Oscillators

Neutral

Overall

Bullish

Moving Averages

Bullish

Overall

Bullish

Sigma Solve Ltd

SIGMA

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Projection

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Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

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