Sigma Solve Limited

SIGMA.BO

Information Technology Services · Technology

Price

₹48.65

+0.08 (+0.16%)

Market Cap

₹4.98B

Exchange

Bombay Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 27, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Exceptional

Growth

Exceptional

Cash Flow

Good

Stability

Good

Valuation

Mixed

Dividends

Weak

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Winston Score History

The full picture

Established in 2010 and headquartered in Ahmedabad, India, Sigma Solve Limited focuses on crafting enterprise software solutions. The company provides a range of information technology services and comprehensive, domain-specific consultancy to its clients. Its offerings span web and e-commerce platform development, real-time application creation, business intelligence analytics, customer relationship management (CRM) system implementation, digital marketing strategies, user interface (UI) and user experience (UX) design, and automated quality assurance testing.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+144.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

₹0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Sigma Solve Limited is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.1% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 102.8M (2022) → 102.9M (2026)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

43.1%

Healthy — 43.1% gross margin

Profit after running costs

Operating Margin

32.8%

Excellent — 32.8% operating margin

Return on the money invested

ROCE

39.1%

Exceptional — 39.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+21.2%

Fast-growing sales (+21.2% YoY)

Profit growth

EPS YoY

+53.9%

Earnings growing fast (+53.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

54%

Weak — only 54% of profit becomes cash

Spare cash per sale

FCF Margin

17.1%

Converts sales into free cash efficiently (17.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

90.91x

Comfortably covers interest (90.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

16.0x

Fair value — P/E 16.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

0.92%

Small dividend — 0.92% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

Data not available

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