Sigma Solve (SIGMA) | Financial Analysis & Statements
Sigma Solve Ltd. Small-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
206.6M
Gross Profit
76.7M
37.12%
Operating Income
47.5M
23.01%
Net Income
51.8M
25.09%
EPS (Diluted)
₹0.50
Balance Sheet Metrics
Total Assets
615.1M
Total Liabilities
120.8M
Shareholders Equity
494.3M
Debt to Equity
0.24
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Sigma Solve Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 761.7M | 650.5M | 558.4M | 410.9M | 211.5M |
| Cost of Goods Sold | 403.1M | 351.2M | 262.5M | 152.4M | 53.6M |
| Gross Profit | 358.6M | 299.4M | 295.9M | 258.5M | 157.9M |
| Gross Margin % | 47.1% | 46.0% | 53.0% | 62.9% | 74.7% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 26.6M | 24.6M | 22.2M | 1.7M | 1.6M |
| Other Operating Expenses | 49.8M | 40.2M | 32.7M | 108.4M | 64.3M |
| Total Operating Expenses | 76.4M | 64.9M | 54.9M | 110.0M | 66.0M |
| Operating Income | 271.1M | 220.2M | 233.4M | 147.8M | 71.5M |
| Operating Margin % | 35.6% | 33.9% | 41.8% | 36.0% | 33.8% |
| Non-Operating Items | |||||
| Interest Income | 3.8M | 2.7M | 3.6M | 3.2M | 1.3M |
| Interest Expense | 4.1M | 3.2M | 127.0K | 34.0K | 218.0K |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 256.9M | 252.1M | 236.8M | 161.3M | 73.5M |
| Income Tax | 66.0M | 58.8M | 53.0M | 19.7M | 21.5M |
| Effective Tax Rate % | 25.7% | 23.3% | 22.4% | 12.2% | 29.2% |
| Net Income | 190.9M | 193.3M | 183.8M | 141.6M | 52.0M |
| Net Margin % | 25.1% | 29.7% | 32.9% | 34.5% | 24.6% |
| Key Metrics | |||||
| EBITDA | 290.8M | 241.9M | 244.8M | 163.7M | 76.3M |
| EPS (Basic) | ₹1.86 | ₹15.70 | ₹11.45 | ₹8.72 | ₹8.87 |
| EPS (Diluted) | ₹1.86 | ₹15.70 | ₹11.45 | ₹8.72 | ₹8.87 |
| Basic Shares Outstanding | 102774980 | 10277498 | 10277498 | 10275803 | 3514000 |
| Diluted Shares Outstanding | 102774980 | 10277498 | 10277498 | 10275803 | 3514000 |
Income Statement Trend
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Sigma Solve Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 24.3M | 72.5M | 45.6M | 117.0M | 109.9M |
| Short-term Investments | 96.1M | 8.9M | 18.2M | 19.8M | 9.9M |
| Accounts Receivable | 209.4M | 145.9M | 54.2M | 32.3M | 36.1M |
| Inventory | - | - | - | 0 | 0 |
| Other Current Assets | 3.7M | 3.1M | 6.2M | 2.0K | 874.0K |
| Total Current Assets | 345.7M | 231.2M | 124.7M | 169.7M | 156.7M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 3.9M | 7.3M | 7.0M | 8.0M | 693.0K |
| Goodwill | 6.0K | 16.0K | 44.0K | 40.0K | 95.0K |
| Intangible Assets | 6.0K | 16.0K | 44.0K | 69.0K | 95.0K |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 5.0K | - | 535.0K | 2.0K | 3.9M |
| Total Non-Current Assets | 269.3M | 168.8M | 515.4M | 205.8M | 59.6M |
| Total Assets | 615.1M | 400.0M | 640.1M | 375.5M | 216.4M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 9.8M | 8.1M | 8.2M | 10.3M | 1.4M |
| Short-term Debt | 17.7M | 19.7M | 8.6M | 4.2M | 2.1M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 1.8M | 2.1M | 1.2M | 776.0K | 1.0K |
| Total Current Liabilities | 62.2M | 61.8M | 80.3M | 55.4M | 12.0M |
| Non-Current Liabilities | |||||
| Long-term Debt | 18.8M | 28.7M | 30.1M | 0 | 10.1M |
| Deferred Tax Liabilities | 32.5M | 2.0M | 2.0M | 1.3M | 0 |
| Other Non-Current Liabilities | - | - | 1.0K | -1.0K | -1.0K |
| Total Non-Current Liabilities | 58.6M | 36.0M | 35.4M | 3.4M | 10.1M |
| Total Liabilities | 120.8M | 97.8M | 115.6M | 58.8M | 22.1M |
| Equity | |||||
| Common Stock | 102.8M | 102.8M | 102.8M | 41.1M | 41.1M |
| Retained Earnings | 355.6M | 169.7M | 244.4M | 149.7M | 45.9M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 494.3M | 302.2M | 524.5M | 316.6M | 194.3M |
| Key Metrics | |||||
| Total Debt | 36.5M | 48.4M | 38.7M | 4.2M | 12.2M |
| Working Capital | 283.5M | 169.4M | 44.4M | 114.3M | 144.7M |
Balance Sheet Composition
Sigma Solve Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 256.9M | 252.1M | 236.8M | 161.3M | 73.5M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -14.2M | -84.2M | -22.3M | 11.8M | 2.9M |
| Operating Cash Flow | 247.8M | 176.3M | 214.4M | 173.1M | 75.1M |
| Investing Activities | |||||
| Capital Expenditures | -2.0M | -14.4M | -70.6M | -1.1M | -6.1M |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -92.7M | - | - | - | - |
| Investment Sales | 3.0K | - | - | - | - |
| Investing Cash Flow | -205.7M | -14.4M | -62.1M | 4.3M | -6.3M |
| Financing Activities | |||||
| Share Repurchases | 0 | -413.4M | 0 | - | - |
| Dividends Paid | -5.1M | -5.1M | -2.1M | -2.1M | - |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | - | - | - | - |
| Financing Cash Flow | -7.1M | -407.4M | 2.3M | 118.0K | 25.3M |
| Free Cash Flow | 178.1M | 59.6M | 132.1M | 163.4M | 46.5M |
| Net Change in Cash | 35.0M | -245.4M | 154.6M | 177.5M | 94.1M |
Cash Flow Trend
Sigma Solve Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
17.96
Price to Book
7.31
Price to Sales
4.82
PEG Ratio
0.31
Profitability Ratios
Profit Margin
26.81%
Operating Margin
30.75%
Return on Equity
38.62%
Return on Assets
31.04%
Financial Health
Current Ratio
2.33
Debt to Equity
5.50
Beta
0.16
Per Share Data
EPS (TTM)
₹2.47
Book Value per Share
₹6.07
Revenue per Share
₹9.21
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SIGMA | 4.6B | 17.96 | 7.31 | 38.62% | 26.81% | 5.50 |
| Tata Consultancy | 8.7T | 17.63 | 7.64 | 48.40% | 18.43% | 10.39 |
| Infosys | 5.0T | 17.31 | 5.82 | 32.68% | 16.15% | 10.53 |
| ASM Technologies | 45.4B | 76.93 | 15.44 | 15.87% | 11.81% | 18.05 |
| Datamatics Global | 41.8B | 21.46 | 2.87 | 15.11% | 9.92% | 12.85 |
| R Systems | 33.2B | 18.68 | 4.19 | 17.82% | 9.51% | 33.46 |
Financial data is updated regularly. All figures are in the company's reporting currency.





