āagman

Not investment advice. Data and computed figures, for information only.

Sigma Advanced System Ltd

NSE: SIGMAADV
₹763.65
+₹36.35 (+5.00%)
NSE · 27 Aug 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹19,160 Cr
CMP
₹763.65
52-wk High / Low
₹764 / 140
P/E
115.0
P/B
37.9
Book Value
₹26.6
Div Yield
0.00%
ROCE
12.0%
ROE
−4.0%
Face Value
₹10
D/E
0.71

Price+306.8% over Max

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹95
√(22.5 × EPS × book value per share)
ROIC
4.1%
vs 12.3% sector median
Cash flow to profit
−0.78
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+31,631
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
−4.0%
ROE × earnings retention ratio
ROE stability
24.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −4.98FII +0.06DII +0.02
Latest quarter vs the previous one
Cash-accrual divergence
62.6%
of assets
Low = accruals track cash flow
Strengths
+Promoter holding rose by 22.5pp over the last year
+FII holding rose by 0.1pp over the last year
Watch-outs
−Latest ROCE of 12% trails the sector median of 19%
−Borrowings are up 238.8% since FY2016 (98 to 332)
−Balance-sheet accruals of 62.6% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0000001957518146323374
Expenses32212219402017139268313
Operating Profit−3−2−2−1−2−2016−15175561
OPM %——————0.0%28.1%−300.0%5.6%4.8%17.0%16.3%
Other Income11118889131318845893
Interest44454455405118
Depreciation1111111111678
Profit before tax4400116231683012749
Net Profit3−3−5−8−17−14791364−112835
EPS (₹)0.47−0.44−0.65−1.10−2.27−1.930.991.1718.490.57−0.147.291.36

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales986367666257595220107492861
Expenses7347625760515571209132441737
Operating Profit2516610254−18−18−9−2451124
OPM %25.5%25.4%9.0%15.2%3.2%8.8%6.8%−34.6%−900.0%—−22.4%10.4%14.4%
Other Income118196730433742285101
Interest1286567531117202024
Depreciation1475444443351421
Profit before tax02211125118−7301180
Net Profit113201259−13−14268167
EPS (₹)0.100.180.370.230.040.100.250.631.20−1.73−1.9015.219.08

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital4444444444444474747474176—
Reserves126848791939697111120107131292—
Borrowings9498464741403429146147148332—
Other Liabilities495696114144151141733838116259—
Total Liabilities3122822732973223313172863773664681,059—
Fixed Assets193194187141208243248204179187202325—
CWIP00058310000009—
Investments1200000001331127510—
Other Assets108888698838969826566192714—
Total Assets3122822732973223313172863773664681,059—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−1416451651172016152219−210
Cash from Investing Activity−1−129−12−38−6−3−10−1331020278
Cash from Financing Activity9−3−58−4−11−8−162285−17−50−57
Net Cash Flow−61−4023128−3315−1011

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.04.00.03.04.04.04.02.08.08.04.012.0
ROE %———————————−4.0
EPS (₹)0.100.180.370.230.040.100.250.631.20−1.73−1.9015.21
Book Value (₹)———————————26.6
Face Value (₹)———————————10
P/E———————————115.0
Div Yield %———————————0.00
NPM %1.01.64.03.00.01.63.06.120.0−35.1−9.434.5
OPM %25.025.08.014.03.29.07.0−35.0−898.0—−23.010.0
D/E0.550.770.350.350.300.290.240.160.750.810.720.71
P/B———————————37.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+23.0%
5 years+53.0%
3 years+530.0%
TTM+964.0%
Compounded profit growth
TTM+20.0%
Stock price CAGR
10 years+48.0%
5 years+120.0%
3 years+178.0%
Last year+538.0%
Return on equity
10 years−2.0%
5 years−3.0%
3 years−6.0%
Last year−4.0%

Shareholding pattern

As of 30 Jun 2026
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters7.24%7.24%7.23%7.24%0.00%43.77%43.77%43.54%35.07%71.22%66.24%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.13%0.07%0.13%
DIIs8.57%8.59%8.57%8.57%8.57%0.00%0.00%0.00%0.00%0.00%0.02%
Government———————————
Public84.19%84.17%84.20%84.19%91.43%56.23%56.25%56.40%64.78%28.70%33.61%
No. of shareholders26,05824,38023,42622,57322,22933,88233,10933,63634,56633,62349,801
Change since Dec 2023 (pp)
Promoters +59.00FIIs +0.13DIIs −8.55Public −50.58

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportClosure of Trading WindowShareholder Meeting / Postal Ballot-Outcome of AGMIntimation Of Plant Visit By Investors Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTJul 2026PPTJun 2026PPT

Corporate actions

As of 12 Jul 2021
12 Jul 2021RIGHTS Rights 2:3—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman