Sigma Solve Ltd (SIGMA) AI Stock Analysis

• Market Cap: ₹5.66B
• Dividend Yield: 0.09%
• Average Volume (3M): 102.70K
• Price to Earnings (P/E): 27.8
• Beta (1Y): 0.87
• Revenue Growth: 24.80%
• EPS Growth: 23.34%
• Country: IN
• Employees: 224
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.65
• Shares Outstanding: 102,774,980
• 10 Day Avg. Volume: 19,050
• 30 Day Avg. Volume: 102,704
• PEG Ratio: 0.74
• Price to Book (P/B): 5.20
• Price to Sales (P/S): 3.37
• P/FCF Ratio: 14.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: ₹72.00 ▲(37.54% Upside)

Sigma Solve Ltd's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue and profit growth, and a stable balance sheet. Technical analysis supports a positive outlook with bullish trends, although valuation concerns due to a high P/E ratio and low dividend yield slightly temper the overall score.

Sigma Solve Ltd Business Overview & Revenue Model

Company Description

Sigma Solve Ltd (SIGMA) is a technology solutions provider specializing in software development, IT consulting, and digital transformation services. The company operates primarily in the information technology sector, offering a diverse range of products and services including custom software applications, cloud solutions, and enterprise resource planning (ERP) systems. SIGMA aims to empower businesses through innovative technology solutions that enhance operational efficiency and drive growth.

How the Company Makes Money

SIGMA generates revenue through multiple streams, primarily by charging clients for customized software development projects and IT consulting services. The company typically operates on a project-based pricing model, where clients pay for specific deliverables or milestones achieved during the software development lifecycle. Additionally, SIGMA offers ongoing support and maintenance services, which provide a steady income stream through service contracts. Partnerships with cloud service providers and technology platforms also contribute to its revenue, as SIGMA resells or integrates their solutions into its offerings. The company may also generate income from training programs and workshops designed to help clients effectively implement and utilize technology solutions.

Sigma Solve Ltd Financial Statement Overview

Summary

Sigma Solve Ltd shows strong financial performance with significant revenue growth, robust profit margins, and a solid balance sheet characterized by low leverage and high equity ratio. The company also demonstrates strong cash flow management, although negative investing cash flow suggests significant investments that require monitoring.

Income Statement

Sigma Solve Ltd has demonstrated strong revenue growth, with a significant increase from 2024 to 2025, indicating a positive growth trajectory in the Information Technology Services industry. The gross profit margin remained healthy at approximately 47% in 2025, reflecting effective cost control and operational efficiency. Net profit margin improved to about 25% in 2025, showing enhanced profitability. The EBIT and EBITDA margins are robust, suggesting strong core business performance.

Balance Sheet

The company's balance sheet is solid with a low debt-to-equity ratio of 0.07 in 2025, indicating low leverage and financial stability. The equity ratio is strong at 80%, showing a high proportion of assets financed by equity, which enhances stability. Return on Equity (ROE) improved to approximately 38.6% in 2025, reflecting efficient use of equity to generate profits.

Cash Flow

Sigma Solve Ltd exhibits a strong cash flow position with a substantial increase in free cash flow from 2024 to 2025, indicating effective cash management and growth potential. The operating cash flow to net income ratio is high, suggesting good cash generation relative to profits. However, the investing cash flow was negative in 2025, which could indicate significant investments that may or may not yield future returns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	808.28M	761.72M	650.54M	558.42M	410.92M	211.53M
Gross Profit	366.88M	358.95M	299.33M	295.88M	258.49M	147.24M
EBITDA	288.81M	257.39M	266.20M	240.76M	163.70M	76.79M
Net Income	203.41M	190.90M	161.37M	117.66M	89.61M	31.18M
Balance Sheet
Total Assets	0.00	615.06M	400.02M	631.20M	366.01M	216.35M
Cash, Cash Equivalents and Short-Term Investments	120.66M	120.66M	81.46M	63.88M	283.05M	119.72M
Total Debt	0.00	36.54M	48.37M	38.70M	4.23M	12.19M
Total Liabilities	-494.27M	120.79M	97.84M	113.79M	25.10M	22.07M
Stockholders Equity	494.27M	494.25M	302.18M	341.75M	229.35M	137.57M
Cash Flow
Free Cash Flow	0.00	178.08M	59.61M	127.12M	163.37M	46.50M
Operating Cash Flow	0.00	180.08M	73.97M	197.42M	164.47M	52.61M
Investing Cash Flow	0.00	-207.31M	365.22M	-122.32M	-145.86M	-54.36M
Financing Cash Flow	0.00	-21.01M	-411.99M	32.31M	-10.01M	32.79M

Sigma Solve Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 52.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIGMA, the sentiment is Positive. The current price of 52.35 is below the 20-day moving average (MA) of 53.30, above the 50-day MA of 48.54, and above the 200-day MA of 36.50, indicating a bullish trend. The MACD of 1.16 indicates Positive momentum. The RSI at 61.58 is Neutral, neither overbought nor oversold. The STOCH value of 57.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SIGMA.

Sigma Solve Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIGMA	―	₹5.66B	27.84	―	0.09%	24.80%	23.34%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GSS	―	₹636.14M	―	―	―	8.26%	-129.98%
SECURKLOUD	―	₹687.92M	―	―	―	-54.55%	-317.72%

Sigma Solve Ltd Corporate Events

Sigma Solve Limited Concludes 15th AGM with Key Resolutions Passed

Sigma Solve Limited held its 15th Annual General Meeting (AGM) on September 17, 2025, via video conferencing. The meeting included discussions on business performance, financials, and future outlook. Key resolutions passed included the adoption of financial statements, the appointment of a director, and the declaration of a final dividend. The AGM facilitated remote e-voting for shareholders, ensuring participation in decision-making processes.

Sigma Solve Ltd Expands Operations with New Pune Office

Sigma Solve Ltd has announced the opening of a new Delivery and Client Engagement Centre in Pune, India, to support its expanding customer base and attract top-tier talent. This strategic expansion positions the company closer to key customers in Western India, enhancing client collaboration and enabling faster service delivery, while also reflecting its commitment to innovation and regional growth.

Sigma Solve Ltd Announces Key Decisions from Board Meeting

Sigma Solve Ltd announced the revised outcomes of its board meeting held on August 6, 2025. Key decisions included the approval of unaudited financial results for the quarter ending June 30, 2025, the recommendation of a final dividend of Rs. 0.50 per share, and the proposal to split each equity share of Rs. 10 into ten shares of Rs. 1 each. These actions, subject to shareholder approval, aim to enhance shareholder value and improve market liquidity.

Sigma Solve Ltd Announces Dividend and Share Split Plans

Sigma Solve Ltd’s Board of Directors has approved several key decisions during its meeting on August 6, 2025. These include the recommendation of a final dividend of Rs. 0.50 per share, approval of unaudited financial results for the quarter ending June 30, 2025, and a proposal to split the company’s equity shares. Additionally, appointments for secretarial auditors and other AGM-related matters were discussed. These actions are subject to shareholder approval and regulatory consents, potentially impacting the company’s market positioning and shareholder value.