Sigma Solve Q4 FY24 Share Price & Earnings Call Analysis

Financials of Sigma Solve

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Sigma Solve

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +13.6816.2916.3016.2416.2216.0017.0519.5823.5420.6625.5924.7324.64
Expenses +6.3610.5210.4910.3210.2611.2611.7713.5813.8115.6917.9616.8916.84
Operating Profit7.325.775.815.925.964.745.286.009.734.977.637.847.80
OPM %53.51%35.42%35.64%36.45%36.74%29.62%30.97%30.64%41.33%24.06%29.82%31.70%31.66%
Other Income +0.651.201.240.410.310.750.590.19-0.132.141.571.67-0.79
Interest0.000.010.110.100.100.090.170.080.070.070.180.060.05
Depreciation0.250.120.320.320.330.260.250.270.270.210.220.240.20
Profit before tax7.726.846.625.915.845.145.455.849.266.838.809.216.76
Tax %12.69%21.78%38.52%22.50%9.08%23.54%24.59%27.74%26.35%24.01%24.43%27.14%20.71%
Net Profit +6.735.354.074.595.323.934.114.236.825.196.666.715.37
EPS in Rs0.400.350.260.450.520.380.400.410.660.500.650.650.52

Financials of Sigma Solve

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +10214156657696
Expenses +9142633425067
Operating Profit271523232628
OPM %18%35%37%41%35%34%30%
Other Income +1011415
Interest0000000
Depreciation0000111
Profit before tax271624252632
Tax %10%29%12%22%23%26%24%
Net Profit +251418191924
EPS in Rs0.200.300.871.141.571.862.32
Dividend Payout %0%7%2%4%3%3%0%

Financials of Sigma Solve

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital34410101010
Reserves3151926203967
Borrowings +3104542
Other Liabilities +5113245810
Total Liabilities14223764406289
Fixed Assets +0111876
CWIP0007000
Investments16214471739
Other Assets +12151513253844
Total Assets14223764406289

Financials of Sigma Solve

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-05162071830
Cash from Investing Activity +4-5-15-3136-21-22
Cash from Financing Activity +43-13-41-2-3
Net Cash Flow831-73-56
Free Cash Flow05161361830
CFO/OP-11%101%123%105%73%84%131%

Financials of Sigma Solve

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1426229358210070
Inventory Days0
Days Payable
Cash Conversion Cycle1426229358210070
Working Capital Days3439-13497869
ROCE %44%58%52%52%59%48%