Sigma Solve Ltd, incorporated in 2010, operates as an enterprise software solutions company specializing in IT Services & Consulting. Originally established as "Sigma Solve IT Tech Private Limited" in Ahmedabad, the company underwent several name changes before transitioning to a public limited company in 2019. The company's journey began when Promoter Mr. Prakash Parikh launched it to provide IT and IT-enabled services, aiming to accelerate business opportunities for its US-based affiliate, Sigma Solve Inc.
The company boasts a global presence with offices in Florida (USA), Atlanta (Home Office), Australia (Home Office), and Ahmedabad. Notably, 100% of Sigma Solve Ltd's revenue is derived from exports. To facilitate seamless payments from international clients, the company channels transactions through Sigma Solve Inc. This strategic model enables them to serve a global clientele while maintaining operational oversight from their registered office in Ahmedabad, Gujarat.
Sigma Solve Ltd's primary business involves selling plugins through its digital store. In addition to these products, the company offers comprehensive turnkey consultancy services. In collaboration with its group entity, Sigma Solve, the company provides services across various domains including:
- Web & E-commerce Development
- Real-Time Application Development
- Business Intelligence & Analytics
- CRM Development
- Digital Marketing
- UI & UX Design
- Automation Testing and Quality Assurance
The company has positioned itself as a rapidly growing AI and Digital solution provider in the USA. It focuses on reinventing businesses and delivering value through best-of-breed data services, software development, eCommerce expertise, and mobility solutions to enterprises worldwide. With the increasing ubiquity of smartphones and mobile devices, Sigma Solve Ltd is actively exploring new avenues to develop innovative applications and software designed for enhanced performance.
As of July 2025, Sigma Solve Ltd has a market capitalization of ₹393 Crore. The company's stock is listed on both the NSE and BSE under the symbol SIGMA. The stock has recorded a 52-week high share price of ₹433.95 and a 52-week low of ₹221.00.
The company has demonstrated strong financial performance with impressive growth metrics.
- Trailing Twelve Months (TTM): Revenue ₹76 Cr · Net Profit ₹19 Cr
- Quarter Ended 2025: Consolidated profit of ₹6.82 crore on a total income of ₹23.41 crore.
- Year Ended 2024: Profit of ₹19.33 crore on a total income of ₹65.05 crore.
Sigma Solve Ltd exhibits robust profitability ratios:
- Return on Equity (ROE): 58.1%
- Return on Capital Employed (ROCE): 67.9%
Valuation metrics indicate:
- Price-to-Earnings (P/E) Ratio: 20.4
- Price-to-Book (P/B) Ratio: 7.9
The company's financial health is further underscored by:
- Annual Revenue Growth: An outstanding 21%.
- Pre-tax Margin: A great 39%.
- ROE: An exceptional 53%.
- Debt-to-Equity Ratio: A reasonable 9%, signaling a healthy balance sheet.
- Q4 FY25 (December 2024): Revenue: ₹19.58 Cr, Net Profit: ₹4.23 Cr
- Q3 FY25 (September 2024): Sales rose 4.60% to ₹17.05 crore, Net profit rose 54.51% to ₹4.11 crore.
- Q1 FY25 (June 2024): Sales declined 1.78% to ₹16.00 crore, Net profit rose 10.08% to ₹3.93 crore.
- Chairman & Managing Director: Prakash Ratilal Parikh
- Promoter Holding: Stable promoter commitment is evident, with holding at 73.22% as of March 2025, consistent from June 2024.
- Auditor: Mistry & Shah LLP.
Recent corporate developments include significant board restructuring. Following the resignation of two independent directors, six new directors were appointed to the Sigma Solve board on June 30, 2025.
The company has strategically expanded its operations through acquisitions and investments.
- In 2019, Sigma Solve Ltd acquired a 51.04% stake in Sigma Solve Inc., establishing it as a subsidiary.
- This stake was later increased by 8.77%, bringing Sigma's total holding in Sigma Solve Inc. to approximately 60%.
- Subsequently, Sigma Solve Inc. conducted a Buy Back in which the parent company did not participate. This resulted in an increase of Sigma Solve Ltd's holding from 59.81% to 100% by 2023-24, making Sigma Solve Inc. a Wholly Owned Subsidiary.
Sigma Solve Limited pays dividends annually.
- Most Recent Payout: September 19, 2024.
- Last Recorded Dividend Per Share: ₹0.500 (as of August 13, 2024).
- Dividend Yield (TTM): 0.141% (as of today).
Sigma Solve Ltd is well-positioned for future growth. The company recently reported a 16% year-over-year revenue increase to ₹488 million, driven by strategic collaborations and a strong focus on client retention, with over 90% of revenues being recurring.
The company aims for a revenue target of $30 million with a 30% growth rate over the next four years. Management remains vigilant about market conditions and potential acquisition opportunities, emphasizing the maintenance of profit margins through specialized software solutions.
Workforce expansion, particularly in the U.S., is underway to enhance customer engagement and identify upsell opportunities. While navigating a competitive landscape, the company leverages its domain expertise for differentiation. With solid visibility into its order book and a commitment to transparency, the outlook remains optimistic, despite challenges related to client concentration and evolving technology trends.
Sigma Solve Ltd presents a compelling investment opportunity in the IT services sector, characterized by strong financial performance, strategic global positioning, and robust growth prospects within the digital transformation space.
