Sigma Advanced Systems Limited (SIGMAADV)

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Sigma Advanced Systems Limited (SIGMAADV) · mywealthgrid

About

Sigma Advanced Systems Limited operates in Aerospace & Defense within Industrials, with ₹11,631 Cr market cap and ₹660 stock price. Highest recent quarterly revenue reached ₹323 Cr (Mar 2026), serving India's defense and aerospace ecosystem under 71% promoter ownership.

Face value: ₹10

Market cap

₹18,975 Cr

P/E

116.1×

P/B

40.5×

Dividend yield

ROE

87.6%

ROCE

73.1%

Debt / equity

0.64

OPM

9.7%

EPS (TTM)

₹9.3

Book value

₹26.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme stock volatility (52w range ₹111–₹705, a 6.3x move) coupled with minimal institutional ownership (FII 0.24%, DII 0.02%) signals illiquidity and uncertain fundamentals
Profitability heavily influenced by one-time items: Jun 2025 reported ₹136 Cr net profit on ₹0 revenue; Dec 2025 posted ₹1.03 Cr loss on ₹145.7 Cr revenue; operational earnings sustainability unclear
Thin baseline margins (aggregate OPM 9.73%) leave little room for cost shocks; even recent best quarter (Mar 2026 at 17.12% OPM) is cyclically dependent
PE of 44.02 after 448% annual return leaves limited upside margin; verify government order pipeline and contract visibility before trusting current valuation

Generated analysis · source review pending

Growth drivers

Quarterly revenue jumped to ₹322.82 Cr in Mar 2026 from ₹145.7 Cr in Dec 2025, with OPM expanding to 17.12%; verify if this reflects sustainable operational momentum or a one-off project
1-year stock return of 447.66% signals market pricing strong forward growth; verify whether this reflects confirmed government contracts, capacity expansion, or market sentiment ahead of results
ROE of 87.58% and D/E of 0.64 show efficient capital use and debt capacity for leverage; if order book supports production scale, capital structure can fund growth without dilution
Aerospace & Defense sector typically benefits from India's defense modernization and Make in India initiatives; verify current contract wins and order visibility for FY2027–2028

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,076.9+10.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.8% (3-yr avg)
+High return on capital employed of 29.6%
+Profit CAGR of 170.5% over the last 5 years
+Revenue CAGR of 52.6% over the last 5 years
+Comfortable interest coverage of 16.7×
+High promoter holding of 71.2% with no pledge

Cons

−Expensive at 116.1× trailing earnings
−Trading at 40.5× book value

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 77
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	66	70	66	62	57	59	52	2	0	0	492
COGS	—	—	—	22	16	19	17	0	0	0	185
Gross profit	—	—	—	40	40	40	35	2	—	—	307
	57	65	57	38	35	36	54	22	29	49	257
	9	6	10	2	5	4	-18	-20	-29	-49	50
OPM %	13.4%	8%	14.5%	3.2%	9.5%	6.9%	-35%	-1,027.4%	—	—	10.2%
Depreciation	—	5	4	4	4	4	4	3	3	4	14
Interest	8	6	5	6	7	5	3	11	17	18	20
	—	8	1	9	7	7	30	43	37	42	285
Profit before tax	2	2	1	1	1	2	5	9	-12	-30	301
Tax	—	-1	-1	0	-0	0	1	0	1	0	33
Tax %	—	-23.6%	-55.1%	52.1%	-6%	0%	11.8%	0%	5.3%	0%	11.1%
	1	3	2	0	1	2	5	9	-13	-30	268
PAT margin %	2%	3.9%	2.6%	0.5%	1.3%	3.1%	8.8%	448.2%	—	—	54.5%
EPS (₹)	0.3	0.6	0.5	0.1	0.2	0.4	0.7	1.2	-1.7	-4.1	15.2
EPS adjusted (₹)	0.3	0.6	—	—	—	0.4	0.6	1.2	-1.7	-4.1	15.2
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	44	44	44	74	74	74	74	176
Reserves	84	87	97	111	120	107	70	292
	98	46	30	25	146	145	137	300
	56	97	146	77	38	41	84	290
Total equity & liabilities	282	274	317	286	377	366	364	1,059
	92	85	248	204	179	187	200	321
CWIP	—	—	—	—	—	—	—	9
Investments	—	—	0	0	133	112	67	14
	190	189	69	82	65	66	97	714
Total assets	282	274	317	286	377	366	364	1,059

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	64.8%	71%	67.4%	67.3%	91.4%	—	—	62.4%
EBITDA margin %	3.2%	9.5%	6.9%	-35%	-898.5%	—	—	9.7%
EBIT margin %	-2.9%	1.7%	0.8%	-41.9%	-1,042.6%	—	—	6.8%
PAT margin %	0.5%	1.3%	3.1%	8.8%	448.2%	—	—	54.5%
Working capital
Receivable days	—	—	191	158	0	—	—	270
Inventory days	—	—	0	0	0	—	—	382
Payable days	—	—	178	402	537	—	—	381
NWC days	—	—	14	-244	-537	—	—	271
Leverage
Current ratio	—	—	0.44	1.5	2.54	2.05	0.82	1.42
Debt to EBITDA	—	—	7.2	—	—	—	—	6.27
Debt to equity	—	—	0.21	0.14	0.75	0.8	0.95	0.64
Interest coverage	1.1	1.1	1.3	1.6	2	1.5	1.5	16.7
Asset turnover	—	—	0.19	0.18	0.01	0	0	0.46
Return ratios
Return on assets %	—	—	0.6%	1.6%	2.3%	-3.5%	-8.2%	25.3%
Return on capital employed %	—	—	4.5%	2.4%	7.3%	7.3%	8.4%	73.1%
Return on equity %	—	—	1.3%	2.5%	4.6%	-7.1%	-20.8%	57.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.77%	43.77%	43.54%	42.77%	35.07%	35.07%	35.07%	35.07%	35.07%	35.07%	71.22%	71.22%
	0%	0%	0.05%	0.07%	0.14%	0.14%	0.13%	0.19%	0.51%	0.23%	0.07%	0.24%
	0%	0.12%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	56.23%	56.11%	56.41%	57.16%	64.79%	64.79%	64.8%	64.74%	64.42%	64.7%	28.71%	28.52%
No. of shareholders	—	—	—	—	—	—	—	—	32,808	33,798	33,623	46,289

Promoter holding up 27.45 percentage points since Sep 2023.

4 deals · 31 Mar 2022 – 24 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Sept 2024	PRH RESOURCES PRIVATE LIMITED	Bulk	BSE	Sell	4,73,007	₹71.51	₹3.38 Cr
24 Sept 2024	PRH RESOURCES PRIVATE LIMITED	Bulk	BSE	Buy	2,11,478	₹71.17	₹1.51 Cr
31 Mar 2022	GUTTIKONDA VARA LAKSHMI	Bulk	BSE	Sell	8,00,000	₹51.35	₹4.11 Cr
31 Mar 2022	NEELIMA VELDI	Bulk	BSE	Buy	5,53,000	₹51.35	₹2.84 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SUNIL KUMAR KALIDINDIExecutive Director-Chairperson-CEO
Shridhar TChief Financial Officer
Ms. LEONA AMBUJANon-Executive - Non Independent Director
Mr. SIVALENKA KALYAN VIJAYNon-Executive - Independent Director
Mr. SURYANARAYANA RAJU NANDYALANon-Executive - Independent Director
Mrs. UMA GARIMELLANon-Executive - Independent Director
Mr. CHEEMARLA DAMODAR REDDYExecutive Director
Mr. LT GEN RAJU SOMASHEKAR BAGGAVALLINon-Executive - Independent Director
Mr. AMB DR VENKATA NAGENDRA PRASAD THATIPAMULANon-Executive - Independent Director
Mr. KARTHEEK RAJU CHINTALAPATINon-Executive - Non Independent Director
Mr. Krishna Chaitanya SadhuCompany Secretary & Compliance Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

0.82%

of the company's equity

All mutual funds

—

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes

		Shares
Flexi Cap Fund	Bank of India Mutual Fund	7.35 L	57.46	1.95%	0.417%	-0
SMALL CAP FUND	Bank of India Mutual Fund	6.8 L	53.18	1.61%	0.386%	-0
Mid Cap Tax Fund Series 1 ( A 10 year Close -ended equity linked savings scheme)	Bank of India Mutual Fund	17,291	1.35	1.98%	0.01%	-0
MID CAP TAX FUND Series 2 ( A 10 year Close -ended equity linked savings scheme)	Bank of India Mutual Fund	8,645	0.68	2%	0.005%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Dividend dividend10 Jun 2008 · ex-date₹1.2

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

30 Sept 2026, 7:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 4:57 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

30 Sept 2026, 3:49 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Sept 2026, 8:09 amCompany Update

Intimation Of Plant Visit By Investors Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

10 Sept 2026, 5:42 pmAGM/EGM

Notice Of The 26Th Annual General Meeting ('AGM') And Annual Report For The Financial Year 2025-26 Pursuant To Regulation 30 And 34 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

AGM PDF

10 Sept 2026, 7:23 amCompany Update

Media Release

General PDF

9 Sept 2026, 5:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 6:01 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 7:05 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 4:57 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	64.8%	71%	67.4%	67.3%	91.4%	—	—	62.4%
EBITDA margin %	3.2%	9.5%	6.9%	-35%	-898.5%	—	—	9.7%
EBIT margin %	-2.9%	1.7%	0.8%	-41.9%	-1,042.6%	—	—	6.8%
PAT margin %	0.5%	1.3%	3.1%	8.8%	448.2%	—	—	54.5%
Working capital
Receivable days	—	—	191	158	0	—	—	270
Inventory days	—	—	0	0	0	—	—	382
Payable days	—	—	178	402	537	—	—	381
NWC days	—	—	14	-244	-537	—	—	271
Leverage
Current ratio	—	—	0.44	1.5	2.54	2.05	0.82	1.42
Debt to EBITDA	—	—	7.2	—	—	—	—	6.27
Debt to equity	—	—	0.21	0.14	0.75	0.8	0.95	0.64
Interest coverage	1.1	1.1	1.3	1.6	2	1.5	1.5	16.7
Asset turnover	—	—	0.19	0.18	0.01	0	0	0.46
Return ratios
Return on assets %	—	—	0.6%	1.6%	2.3%	-3.5%	-8.2%	25.3%
Return on capital employed %	—	—	4.5%	2.4%	7.3%	7.3%	8.4%	73.1%
Return on equity %	—	—	1.3%	2.5%	4.6%	-7.1%	-20.8%	57.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bharat Dynamics LimitedBDLBDL	₹39,882 Cr	₹39,882 Cr	₹2,766 Cr	₹352 Cr	9.2%	₹521 Cr	17.2%	7.5%	10.2%	598
Garden Reach Shipbuilders & Engineers LimitedGRSEGRSE	₹24,193 Cr	₹24,193 Cr	₹7,507 Cr	₹833 Cr	11.4%	₹801 Cr	10.7%	41%	31.8%	205
Data Patterns (India) LimitedDATAPATTNSDATAPATTNS	₹23,807 Cr	₹23,807 Cr	₹941 Cr	₹373 Cr	40.4%	₹268 Cr	29.3%	22.6%	16.7%	499
Sigma Advanced Systems LimitedSIGMAADVSIGMAADV	₹18,975 Cr	₹19,275 Cr	₹843 Cr	₹121 Cr	9.7%	₹163 Cr	54.5%	73.1%	87.6%	271
Aequs LimitedAEQUSAEQUS	₹18,448 Cr	₹18,851 Cr	₹1,230 Cr	₹89 Cr	7.2%	₹-113 Cr	-9.2%	1.1%	-10.3%	259
Astra Microwave Products LimitedASTRAMICROASTRAMICRO	₹15,417 Cr	₹15,704 Cr	₹1,140 Cr	₹326 Cr	28.7%	₹189 Cr	16.6%	23.1%	16%	537
Apollo Micro Systems LimitedAPOLLOAPOLLO	₹14,558 Cr	₹15,091 Cr	₹1,022 Cr	₹231 Cr	24.1%	₹122 Cr	11.9%	18.2%	11.8%	443
Zen Technologies LimitedZENTECZENTEC	₹14,232 Cr	₹14,236 Cr	₹671 Cr	₹221 Cr	36%	₹186 Cr	31.7%	16.3%	10.8%	425
Paras Defence And Space Technologies LimitedPARASPARAS	₹10,285 Cr	₹10,311 Cr	₹511 Cr	₹130 Cr	25.3%	₹94 Cr	18.8%	16.9%	12.9%	435
Axiscades Technologies LimitedAXISCADESAXISCADES	₹9,806 Cr	₹10,082 Cr	₹1,099 Cr	₹152 Cr	15.3%	₹36 Cr	6.2%	17.7%	10.4%	31
Unimech Aerospace And Manufacturing LimitedUNIMECHUNIMECH	₹9,025 Cr	₹9,137 Cr	₹285 Cr	₹95 Cr	31.2%	₹72 Cr	26.3%	12.8%	9%	137
Mishra Dhatu Nigam LimitedMIDHANIMIDHANI	₹8,121 Cr	₹8,405 Cr	₹1,278 Cr	₹240 Cr	19.7%	₹135 Cr	10.9%	9.1%	8.9%	1,022

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	3	16	51	17	20	16	13	42	40	34
	-12	-2	-12	-38	-6	-3	-10	-131	-8	-22	-265
	-3	-2	-4	-11	-8	-16	22	85	-19	-26	242
Net cash flow	1	—	—	—	—	1	28	-33	15	-8	11
Free cash flow	—	0	15	-14	-20	20	16	11	31	23	-35
CFO / Operating profit %	185.4%	44.7%	163.3%	—	324.6%	484.4%	—	—	—	—	71.8%

Sigma Advanced Systems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Sigma Advanced Systems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

Dividends1

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1