MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0022011
Market Cap
₹438 Cr
SIGMA · NSE
Share Price
₹42.17
-1.15% today
Revenue
₹95.62 Cr
FY 2025-26 · +25.5% YoY
EBITDA
₹28.25 Cr
Margin 29.5%
Net Profit
₹23.88 Cr
FY 2025-26 · +26.0% YoY
P/E (TTM)
13.7x
P/B 5.6x
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹10.28 Cr
Issued & subscribed
About Sigma Solve Limited
Data last updated:
Sigma Solve Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L72200GJ2010PLC060478. Its GSTIN is 24AAOCS2976E1Z3 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 543917 and NSE: SIGMA.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.28 Cr. It was formerly known as Excel Solutions Private Limited and Sigma Solve It Tech Private Limited. It is led by directors including Prakash Ratilal Parikh (Managing Director) and Kalpana Parikh Prakashbhai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹95.62 Cr, a growth of 25.5% compared to the previous year. For the same year it recorded a net profit of ₹23.88 Cr (net margin 25%) and EBITDA of ₹28.25 Cr (EBITDA margin 29.5%). The net worth stands at ₹77.07 Cr (up 55.9% YoY). Total assets are valued at ₹79.91 Cr (up 48.5% YoY).
The company has about 94 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sigma Solve. As per MCA filings, the company has open charges of ₹6.99 Cr and satisfied charges of ₹99 Lakh on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 12 deals on record (10 market trades, 1 secondary share transfer, 1 ipo); the latest was in October 2025. The company has 3 MSME Form 1 returns on record between 2020 and 2024, listing 6 overdue payments to 6 micro and small suppliers.
Sigma Solve Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0022011). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sigmasolve.net.
Company details
CIN L72200GJ2010PLC060478
Registration Number 060478
Incorporation Date 29 April 2010
ROC Ahmedabad
Listing Status Listed - Listed on NSE (SIGMA); Listed on BSE (543917)
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0022011
Name history
Sigma Solve has undergone 5 name changes throughout its history. The current legal name is Sigma Solve Limited.
| Company Name | Status |
|---|---|
| Sigma Solve Limited | Current |
| Excel Solutions Private Limited | Previous |
| Sigma Solve It Tech Private Limited | Previous |
| Presha Software Private Limited | Previous |
| Sigma Solve Private Limited | Previous |
| Elite Solutions Private Limited | Previous |
CIN history
Sigma Solve has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72200GJ2010PLC060478, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72200GJ2010PLC060478 | Current |
| U72200GJ2010PLC060478 | Previous |
| U72200GJ2010PTC060478 | Previous |
Key People
Prakash Ratilal Parikh Managing Director Kalpana Parikh Prakashbhai Whole-Time Director Siddhrajsinh Gohil Director Recognitions & Rankings of Sigma Solve
Contact details
Sigma Solve Limited's registered office is in Ahmadabad City, Gujarat. Its website is sigmasolve.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address801 – 803 08th Floor Pv Enclave, Opp. Satyam House Icici Bank Lane Road Behind Sindhu Bhavan Road, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Sigma Solve Limited, buy the company report.
Comprehensive company report
Sigma Solve Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Sigma Solve operates one associated brand: Sigma Solve. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software development, IT support, and related services are provided. | sigmasolve.com |
Business activity
The main business activity of Sigma Solve is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Sigma Solve Limited, buy the company report.
Financials of Sigma Solve Limited
FY 2025-26 filings availableSigma Solve Limited reported revenue of ₹95.62 Cr (up 25.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹95.62 Cr
+25.5% YoY
EBITDA
₹28.25 Cr
+9.8% YoY
Profit After Tax
₹23.88 Cr
+26.0% YoY
Net Worth
₹77.07 Cr
+55.9% YoY
Total Assets
₹79.91 Cr
+48.5% YoY
Total Debt
₹2.01 Cr
-45.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 95.62 | 76.17 | 65.05 | 55.84 | 41.09 | 21.15 | 10.45 |
| Revenue growth | +25.5% | +17.1% | +16.5% | +35.9% | +94.3% | +102.4% | - |
| EBITDA | 28.25 | 25.74 | 23.08 | 22.65 | 15.01 | 7.37 | 1.89 |
| EBITDA margin | +29.5% | +33.8% | +35.5% | +40.6% | +36.5% | +34.9% | +18.1% |
| Profit before tax | 31.60 | 25.68 | 25.21 | 23.69 | 16.13 | 7.35 | 2.12 |
| Net profit | 23.88 | 18.95 | 14.84 | 11.64 | 8.75 | 2.98 | 1.40 |
| Net profit margin | +25.0% | +24.9% | +22.8% | +20.9% | +21.3% | +14.1% | +13.4% |
| EPS (₹) | 2.32 | 18.57 | 15.70 | 11.45 | 21.80 | 7.58 | 4.88 |
| Balance sheet | |||||||
| Total assets | 79.91 | 53.81 | 35.58 | 56.64 | 34.72 | 20.65 | 12.18 |
| Net worth | 77.07 | 49.43 | 30.22 | 36.32 | 22.93 | 19.43 | 5.68 |
| Total debt | 2.01 | 3.66 | 4.84 | 3.87 | 0.42 | 1.22 | 2.90 |
| Cash & bank | 8.72 | 10.67 | 7.28 | 4.56 | 11.85 | 10.99 | 7.88 |
| Net working capital | 26.25 | 28.73 | 18.02 | 3.46 | 13.30 | 13.70 | 10.63 |
| Cash flow | |||||||
| Cash from operations | 30.50 | 17.17 | 7.40 | 20.26 | 16.45 | 5.26 | (0.42) |
| Cash from investing | (21.70) | (19.89) | 36.49 | (30.78) | (14.59) | (5.44) | 4.23 |
| Cash from financing | (2.56) | (2.10) | (41.20) | 3.23 | (1.00) | 3.28 | 4.06 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.03 | 24.64 | 24.73 | 25.59 | 20.66 | 23.54 | 19.58 | 17.05 |
| Revenue growth (YoY) | +11.5% | +4.7% | +26.3% | +50.1% | +29.1% | - | - | - |
| Other income | 8.97 | (0.79) | 1.67 | 1.57 | 2.14 | (0.13) | 0.19 | 0.59 |
| EBITDA | 7.74 | 7.80 | 7.85 | 7.64 | 4.97 | 9.73 | 5.99 | 5.28 |
| EBITDA margin | +33.6% | +31.7% | +31.7% | +29.9% | +24.1% | +41.3% | +30.6% | +31.0% |
| Depreciation | 0.19 | 0.20 | 0.24 | 0.22 | 0.21 | 0.27 | 0.27 | 0.25 |
| Interest | 0.04 | 0.05 | 0.06 | 0.18 | 0.07 | 0.07 | 0.08 | 0.17 |
| Profit before tax | 16.48 | 6.76 | 9.22 | 8.81 | 6.83 | 9.26 | 5.83 | 5.45 |
| Tax | 3.90 | 1.40 | 2.50 | 2.15 | 1.64 | 2.44 | 1.62 | 1.34 |
| Net profit | 12.58 | 5.36 | 6.72 | 6.66 | 5.19 | 6.82 | 4.21 | 4.11 |
| EPS (₹) | 1.22 | 0.52 | 6.50 | 6.50 | 5.04 | 6.64 | 4.11 | 4.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 38.52 | 31.94 | 27.66 | 17.76 | 10.78 | 7.49 | 5.54 |
| Revenue growth | +20.6% | +15.5% | +55.7% | +64.8% | +43.9% | +35.2% | - |
| EBITDA | 8.98 | 7.95 | 5.76 | 2.52 | 1.04 | 1.07 | 0.82 |
| EBITDA margin | +23.3% | +24.9% | +20.8% | +14.2% | +9.7% | +14.3% | +14.8% |
| Profit before tax | 9.43 | 7.39 | 5.64 | 2.83 | 1.54 | 1.27 | 0.87 |
| Net profit | 6.95 | 5.58 | 4.20 | 1.93 | 1.05 | 0.83 | 0.59 |
| Net profit margin | +18.0% | +17.5% | +15.2% | +10.9% | +9.7% | +11.1% | +10.7% |
| EPS (₹) | 0.68 | 5.42 | 4.10 | 1.88 | 2.97 | 2.31 | 2.15 |
| Balance sheet | |||||||
| Total assets | 30.89 | 25.86 | 21.77 | 16.90 | 11.20 | 9.75 | 4.01 |
| Net worth | 28.10 | 21.50 | 16.42 | 12.73 | 10.58 | 9.57 | 3.66 |
| Total debt | 1.99 | 3.63 | 4.82 | 3.86 | 0.41 | 0.18 | 0.34 |
| Cash & bank | 6.03 | 8.33 | 0.04 | 0.55 | 0.36 | 0.03 | 0.02 |
| Net working capital | 6.21 | 8.73 | 6.03 | 3.43 | 2.61 | 1.27 | 0.63 |
| Cash flow | |||||||
| Cash from operations | 11.07 | 13.26 | 1.66 | 1.20 | 0.35 | 0.07 | 0.29 |
| Cash from investing | (2.61) | (11.08) | (2.33) | (4.25) | (0.04) | (4.87) | (1.85) |
| Cash from financing | (2.57) | (2.11) | 0.14 | 3.23 | 0.02 | 4.81 | 1.57 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.41 | 9.00 | 10.31 | 10.63 | 8.58 | 8.48 | 7.96 | 7.58 |
| Revenue growth (YoY) | -2.0% | +6.1% | +29.5% | +40.2% | +8.5% | - | - | - |
| Other income | 0.68 | 0.47 | 0.35 | 0.29 | 0.57 | (0.13) | 0.14 | 0.34 |
| Total expenses | 6.36 | 7.06 | 7.42 | 7.89 | 7.17 | 6.23 | 6.32 | 5.58 |
| EBITDA | 2.05 | 1.94 | 2.89 | 2.74 | 1.41 | 2.25 | 1.64 | 2.00 |
| EBITDA margin | +24.4% | +21.6% | +28.0% | +25.8% | +16.4% | +26.5% | +20.6% | +26.4% |
| Depreciation | 0.19 | 0.20 | 0.24 | 0.22 | 0.21 | 0.24 | 0.24 | 0.22 |
| Interest | 0.04 | 0.05 | 0.06 | 0.18 | 0.07 | 0.07 | 0.08 | 0.17 |
| Profit before tax | 2.50 | 2.16 | 2.94 | 2.63 | 1.70 | 1.81 | 1.46 | 1.95 |
| Tax | 0.61 | 0.30 | 1.04 | 0.70 | 0.44 | 0.39 | 0.39 | 0.50 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.03 | 24.64 | 24.73 | 25.59 | 20.66 | 23.54 | 19.58 | 17.05 |
| Revenue growth (YoY) | +11.5% | +4.7% | +26.3% | +50.1% | +29.1% | - | - | - |
| Other income | 8.97 | (0.79) | 1.67 | 1.57 | 2.14 | (0.13) | 0.19 | 0.59 |
| EBITDA | 7.74 | 7.80 | 7.85 | 7.64 | 4.97 | 9.73 | 5.99 | 5.28 |
| EBITDA margin | +33.6% | +31.7% | +31.7% | +29.9% | +24.1% | +41.3% | +30.6% | +31.0% |
| Depreciation | 0.19 | 0.20 | 0.24 | 0.22 | 0.21 | 0.27 | 0.27 | 0.25 |
| Interest | 0.04 | 0.05 | 0.06 | 0.18 | 0.07 | 0.07 | 0.08 | 0.17 |
| Profit before tax | 16.48 | 6.76 | 9.22 | 8.81 | 6.83 | 9.26 | 5.83 | 5.45 |
| Tax | 3.90 | 1.40 | 2.50 | 2.15 | 1.64 | 2.44 | 1.62 | 1.34 |
| Net profit | 12.58 | 5.36 | 6.72 | 6.66 | 5.19 | 6.82 | 4.21 | 4.11 |
| EPS (₹) | 1.22 | 0.52 | 6.50 | 6.50 | 5.04 | 6.64 | 4.11 | 4.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 95.62 | 76.17 | 65.05 | 55.84 | 41.09 | 21.15 | 10.45 |
| Revenue growth | +25.5% | +17.1% | +16.5% | +35.9% | +94.3% | +102.4% | - |
| Other income | 4.59 | 1.40 | 3.54 | 1.43 | 1.36 | 0.34 | 0.52 |
| Total expenses | 67.37 | 50.43 | 41.97 | 33.19 | 26.08 | 13.78 | 8.56 |
| Employee cost | 0.00 | 30.86 | 29.03 | 19.97 | 15.29 | 6.80 | 6.39 |
| EBITDA | 28.25 | 25.74 | 23.08 | 22.65 | 15.01 | 7.37 | 1.89 |
| EBITDA margin | +29.5% | +33.8% | +35.5% | +40.6% | +36.5% | +34.9% | +18.1% |
| Depreciation | 0.88 | 1.05 | 1.09 | 0.38 | 0.23 | 0.32 | 0.19 |
| Interest | 0.36 | 0.41 | 0.32 | 0.01 | 0.01 | 0.04 | 0.10 |
| Profit before tax | 31.60 | 25.68 | 25.21 | 23.69 | 16.13 | 7.35 | 2.12 |
| Tax | 7.70 | 6.60 | 5.88 | 5.30 | 1.98 | 2.15 | 0.22 |
| Net profit | 23.88 | 18.95 | 14.84 | 11.64 | 8.75 | 2.98 | 1.40 |
| Net profit margin | +25.0% | +24.9% | +22.8% | +20.9% | +21.3% | +14.1% | +13.4% |
| EPS (₹) | 2.32 | 18.57 | 15.70 | 11.45 | 21.80 | 7.58 | 4.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.28 | 10.28 | 10.28 | 10.28 | 4.11 | 4.11 | 3.01 |
| Reserves & surplus | 66.79 | 39.15 | 19.94 | 26.04 | 18.82 | 9.65 | 2.67 |
| Shareholders' funds (net worth) | 77.07 | 49.43 | 30.22 | 36.32 | 22.93 | 19.43 | 5.68 |
| Minority interest | 0.03 | 0.00 | 0.00 | 16.13 | 11.16 | 0.00 | 3.59 |
| Secured loans | 1.88 | 3.07 | 4.36 | 3.80 | 0.00 | 1.01 | 0.27 |
| Unsecured loans | 0.13 | 0.59 | 0.48 | 0.07 | 0.42 | 0.21 | 2.63 |
| Total debt | 2.01 | 3.66 | 4.84 | 3.87 | 0.42 | 1.22 | 2.90 |
| Total liabilities | 79.91 | 53.81 | 35.58 | 56.64 | 34.72 | 20.65 | 12.18 |
| Assets | |||||||
| Gross block | 9.40 | 9.19 | 9.31 | 1.28 | 2.03 | 1.92 | 0.43 |
| Net block | 6.34 | 6.98 | 7.82 | 0.90 | 0.58 | 0.70 | 0.41 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 6.58 | 0.00 | 0.01 | 0.01 |
| Investments | 38.57 | 16.60 | 6.90 | 44.00 | 20.79 | 5.78 | 0.89 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 18.41 | 20.94 | 14.59 | 5.42 | 3.24 | 3.61 | 4.06 |
| Cash & bank balances | 8.72 | 10.67 | 7.28 | 4.56 | 11.85 | 10.99 | 7.88 |
| Loans & advances | 4.30 | 1.56 | 0.37 | 0.66 | 0.06 | 0.09 | 0.08 |
| Total current assets | 31.43 | 33.17 | 22.24 | 10.64 | 15.15 | 14.69 | 12.02 |
| Total current liabilities | 5.18 | 4.44 | 4.22 | 7.18 | 1.85 | 0.99 | 1.39 |
| Net working capital | 26.25 | 28.73 | 18.02 | 3.46 | 13.30 | 13.70 | 10.63 |
| Total assets | 79.91 | 53.81 | 35.58 | 56.64 | 34.72 | 20.65 | 12.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.43 | 7.25 | 4.56 | 11.85 | 10.99 | 7.88 | 0.02 |
| Net cash from operating activities | 30.50 | 17.17 | 7.40 | 20.26 | 16.45 | 5.26 | (0.42) |
| Net cash from investing activities | (21.70) | (19.89) | 36.49 | (30.78) | (14.59) | (5.44) | 4.23 |
| Net cash from financing activities | (2.56) | (2.10) | (41.20) | 3.23 | (1.00) | 3.28 | 4.06 |
| Net change in cash | 6.24 | (4.82) | 2.69 | (7.28) | 0.86 | 3.10 | 7.86 |
| Closing cash | 8.72 | 10.67 | 7.28 | 4.56 | 11.85 | 10.99 | 7.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +25.5% | +17.1% | +16.5% | +35.9% | +94.3% | +102.4% | - |
| EBITDA growth | +9.8% | +11.5% | +1.9% | +50.9% | +103.7% | +290.0% | - |
| PBT growth | +23.1% | +1.9% | +6.4% | +46.9% | +119.5% | +246.7% | +9997.0% |
| Net income growth | +26.0% | +27.7% | +27.5% | +33.0% | +193.6% | +112.9% | - |
| Revenue CAGR (3Y) | +19.6% | +22.8% | +45.4% | +74.8% | - | - | - |
| EBITDA CAGR (3Y) | +7.6% | +19.7% | +46.3% | +128.8% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +25.0% | +25.1% | +29.7% | +32.9% | +34.4% | +24.6% | +18.2% |
| Return on capital employed | - | +58.4% | +67.1% | +74.0% | +73.0% | +50.6% | +25.9% |
| Return on net worth | - | +47.9% | +58.1% | +62.0% | +66.9% | +41.4% | +33.5% |
| Debt / equity | - | 0.11 | 0.13 | 0.07 | 0.04 | 0.16 | 0.51 |
| Long-term debt / equity | - | 0.06 | 0.09 | 0.05 | 0.02 | 0.05 | 0.04 |
| Interest cover | 1.32 | 1.66 | 1.46 | 0.04 | 0.07 | 0.57 | 5.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 8.23 | 12.29 | 33.74 | 20.81 | 18.00 | 24.30 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 4.29 | 6.50 | 12.90 | 12.00 | 5.51 | 2.57 |
| EPS (₹) | 2.32 | 18.57 | 15.70 | 11.45 | 21.80 | 7.58 | 4.88 |
| Dividend per share (₹) | 0.00 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.00 |
| Book value per share (₹) | 0.00 | 48.09 | 29.40 | 35.33 | 55.79 | 33.46 | 18.88 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.41 | 9.00 | 10.31 | 10.63 | 8.58 | 8.48 | 7.96 | 7.58 |
| Revenue growth (YoY) | -2.0% | +6.1% | +29.5% | +40.2% | +8.5% | - | - | - |
| Other income | 0.68 | 0.47 | 0.35 | 0.29 | 0.57 | (0.13) | 0.14 | 0.34 |
| Total expenses | 6.36 | 7.06 | 7.42 | 7.89 | 7.17 | 6.23 | 6.32 | 5.58 |
| EBITDA | 2.05 | 1.94 | 2.89 | 2.74 | 1.41 | 2.25 | 1.64 | 2.00 |
| EBITDA margin | +24.4% | +21.6% | +28.0% | +25.8% | +16.4% | +26.5% | +20.6% | +26.4% |
| Depreciation | 0.19 | 0.20 | 0.24 | 0.22 | 0.21 | 0.24 | 0.24 | 0.22 |
| Interest | 0.04 | 0.05 | 0.06 | 0.18 | 0.07 | 0.07 | 0.08 | 0.17 |
| Profit before tax | 2.50 | 2.16 | 2.94 | 2.63 | 1.70 | 1.81 | 1.46 | 1.95 |
| Tax | 0.61 | 0.30 | 1.04 | 0.70 | 0.44 | 0.39 | 0.39 | 0.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 38.52 | 31.94 | 27.66 | 17.76 | 10.78 | 7.49 | 5.54 |
| Revenue growth | +20.6% | +15.5% | +55.7% | +64.8% | +43.9% | +35.2% | - |
| Other income | 1.68 | 0.78 | 1.01 | 0.50 | 0.60 | 0.30 | 0.15 |
| Total expenses | 29.54 | 23.99 | 21.90 | 15.24 | 9.74 | 6.42 | 4.72 |
| Employee cost | 0.00 | 20.38 | 18.68 | 12.09 | 7.78 | 5.37 | 3.49 |
| EBITDA | 8.98 | 7.95 | 5.76 | 2.52 | 1.04 | 1.07 | 0.82 |
| EBITDA margin | +23.3% | +24.9% | +20.8% | +14.2% | +9.7% | +14.3% | +14.8% |
| Depreciation | 0.87 | 0.92 | 0.80 | 0.18 | 0.07 | 0.06 | 0.07 |
| Interest | 0.36 | 0.42 | 0.33 | 0.01 | 0.03 | 0.04 | 0.03 |
| Profit before tax | 9.43 | 7.39 | 5.64 | 2.83 | 1.54 | 1.27 | 0.87 |
| Tax | 2.48 | 1.81 | 1.44 | 0.90 | 0.32 | 0.33 | 0.22 |
| Net profit | 6.95 | 5.58 | 4.20 | 1.93 | 1.05 | 0.83 | 0.59 |
| Net profit margin | +18.0% | +17.5% | +15.2% | +10.9% | +9.7% | +11.1% | +10.7% |
| EPS (₹) | 0.68 | 5.42 | 4.10 | 1.88 | 2.97 | 2.31 | 2.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.28 | 10.28 | 10.28 | 10.28 | 4.11 | 4.11 | 3.01 |
| Reserves & surplus | 17.82 | 11.22 | 6.14 | 2.45 | 6.47 | 5.46 | 0.65 |
| Shareholders' funds (net worth) | 28.10 | 21.50 | 16.42 | 12.73 | 10.58 | 9.57 | 3.66 |
| Secured loans | 1.88 | 3.06 | 4.36 | 3.80 | 0.00 | 0.00 | 0.02 |
| Unsecured loans | 0.11 | 0.57 | 0.46 | 0.06 | 0.41 | 0.18 | 0.32 |
| Total debt | 1.99 | 3.63 | 4.82 | 3.86 | 0.41 | 0.18 | 0.34 |
| Total liabilities | 30.89 | 25.86 | 21.77 | 16.90 | 11.20 | 9.75 | 4.01 |
| Assets | |||||||
| Gross block | 9.05 | 8.87 | 8.64 | 0.62 | 0.83 | 0.70 | 0.66 |
| Net block | 6.32 | 6.97 | 7.66 | 0.44 | 0.19 | 0.13 | 0.15 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 6.58 | 0.00 | 0.01 | 0.01 |
| Investments | 5.59 | 5.56 | 5.31 | 4.62 | 8.32 | 7.87 | 2.98 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.03 | 2.82 | 8.43 | 4.95 | 3.09 | 1.84 | 1.46 |
| Cash & bank balances | 6.03 | 8.33 | 0.04 | 0.55 | 0.36 | 0.03 | 0.02 |
| Loans & advances | 4.25 | 1.41 | 0.33 | 0.35 | 0.04 | 0.09 | 0.08 |
| Total current assets | 10.31 | 12.56 | 8.80 | 5.85 | 3.49 | 1.96 | 1.56 |
| Total current liabilities | 4.10 | 3.83 | 2.77 | 2.42 | 0.88 | 0.69 | 0.93 |
| Net working capital | 6.21 | 8.73 | 6.03 | 3.43 | 2.61 | 1.27 | 0.63 |
| Total assets | 30.89 | 25.86 | 21.77 | 16.90 | 11.20 | 9.75 | 4.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.09 | 0.01 | 0.55 | 0.36 | 0.03 | 0.02 | 0.02 |
| Net cash from operating activities | 11.07 | 13.26 | 1.66 | 1.20 | 0.35 | 0.07 | 0.29 |
| Net cash from investing activities | (2.61) | (11.08) | (2.33) | (4.25) | (0.04) | (4.87) | (1.85) |
| Net cash from financing activities | (2.57) | (2.11) | 0.14 | 3.23 | 0.02 | 4.81 | 1.57 |
| Net change in cash | 5.89 | 0.07 | (0.54) | 0.18 | 0.33 | 0.01 | 0.00 |
| Closing cash | 6.03 | 8.33 | 0.04 | 0.55 | 0.36 | 0.03 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +20.6% | +15.5% | +55.7% | +64.8% | +43.9% | +35.2% | - |
| EBITDA growth | +13.0% | +38.0% | +128.6% | +142.3% | -2.8% | +30.5% | - |
| PBT growth | +27.6% | +31.0% | +99.3% | +83.8% | +21.3% | +46.0% | +81.3% |
| Net income growth | +24.6% | +32.9% | +117.6% | +83.8% | +26.5% | +40.7% | - |
| Revenue CAGR (3Y) | +29.4% | +43.6% | +54.6% | +47.5% | +47.3% | +44.2% | +39.5% |
| EBITDA CAGR (3Y) | +52.7% | +97.0% | +75.3% | +45.4% | +34.2% | +58.3% | +44.8% |
| Profitability & leverage | |||||||
| Net income margin | +18.0% | +17.5% | +15.2% | +10.9% | +11.3% | +12.6% | +11.7% |
| Return on capital employed | - | +32.8% | +30.9% | +20.2% | +13.0% | +17.0% | +30.9% |
| Return on net worth | - | +29.4% | +28.9% | +16.6% | +10.4% | +12.7% | +28.5% |
| Debt / equity | - | 0.22 | 0.30 | 0.18 | 0.03 | 0.04 | 0.25 |
| Long-term debt / equity | - | 0.13 | 0.20 | 0.13 | 0.00 | 0.00 | 0.00 |
| Interest cover | 4.44 | 5.97 | 6.65 | 0.43 | 3.09 | 3.96 | 4.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.65 | 5.97 | 24.50 | 14.09 | 11.01 | 8.59 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 5.68 | 4.13 | 4.42 | 4.37 | 4.54 | 5.18 |
| EPS (₹) | 0.68 | 5.42 | 4.10 | 1.88 | 2.97 | 2.31 | 2.15 |
| Dividend per share (₹) | 0.00 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.00 |
| Book value per share (₹) | 0.00 | 20.91 | 15.98 | 12.38 | 25.75 | 23.27 | 12.17 |
To see the full year-wise statements and ratios of Sigma Solve Limited, buy the company report.
Board of directors of Sigma Solve Limited
Sigma Solve has 8 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Ratilal Parikh | Managing Director | 29 Apr 2010 | 16 Years 5 Months | Current |
| Kalpana Parikh Prakashbhai | Whole-Time Director | 29 Apr 2010 | 16 Years 5 Months | Current |
| Siddhrajsinh Gohil Also directs: Solidus Infra LLP, Solidus Reality LLP | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
| Aditya Vikrambhai Patel Also directs: Hilltone Software and Gases Limited, DCG Cables & Wires Limited, Vinit Mobile Limited and 5 more | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
| Prerak Prakash Parikh | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
| Pujan Biren Zaverchand | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Sigma Solve Limited is audited by Mistry & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mistry & Shah LLP | FY 2023 | W100683 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.80%.
Sep 2026
QUARTER
73.20% Promoters
26.80% Retail & Others
Promoter holding - history
Now 73.20% · Sep 2026High 73.20% · Dec 2025Low 73.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.20% | 73.20% | 73.20% | 73.20% |
| Public | 26.80% | 26.80% | 26.80% | 26.80% |
Charges & borrowings
Open charges
₹6.99 Cr
Satisfied charges
₹99 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2022 | 100665539 | Others | ₹6.78 Cr | Open | |
| 05 Nov 2022 | 100643001 | Hdfc Bank Limited | ₹20.8 Lakh | Open | |
| 12 Nov 2018 | 100220141 | Hdfc Bank Limited | ₹99 Lakh | Satisfied |
To see the full charge records of Sigma Solve Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Sigma Solve Limited has 12 deals on record (10 market trades, 1 secondary share transfer, 1 ipo); the latest was in October 2025.
Total deals
12
Market trades
10
Secondary share transfer
1
IPO
1
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹7.56 Cr | Buyer: an individual Seller: an individual |
| Sep 2025 | Market trade | ₹2.92 Cr | Buyer: CNM Finvest Private Limited Seller: CNM Finvest Private Limited |
| Jun 2021 | Market trade | ₹60.3 Lakh | Buyer: an individual |
| Oct 2020 | Market trade | ₹44.8 Lakh | Buyer: an individual Seller: Nikunj Stock Brokers Limited |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Nikunj Stock Brokers Limited |
To see the full deal history of Sigma Solve Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sigma Solve Limited has 3 court cases on record: 3 filed by Sigma Solve. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against Regional Director Employees State Insurance Corporation and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (APPLN ESI) | Filed by the company against Regional Director E.S.I Corporation, Ahemdabad and 1 other | Disposed |
To see the full case history of Sigma Solve Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Sigma Solve Limited has 3 MSME Form 1 returns on record between 2020 and 2024, listing 6 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Community Food Systems & Service India Private Limited | |||
| Neosoft Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Sigma Solve Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sigma Solve Limited has a workforce of 94 employees on its EPFO records as of Jul 20, 2024, across 1 active EPFO establishment.
Employee count
94
Active EPFO establishments
1
Employee growth
394.74%
GST
Sigma Solve has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCS2976E1Z3 | Gujarat | Active | 05 Aug 2019 |
To see the full GST registrations and return filing status of Sigma Solve Limited, buy the company report.
Recent activity
Sigma Solve Limited has 17 board changes on record since 2010: 14 appointments and 3 cessations. The latest: Bharatkumar Himmatlal Shah ceased to be Additional Director on 22 Jul 2025.
Filing
Sigma Solve Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Sigma Solve Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Ceased
Bharatkumar Himmatlal Shah ceased to be Additional Director.
Appointed
Pratik Nareshkumar Shah was appointed as Director.
Appointed
Aditya Vikrambhai Patel was appointed as Director.
Ceased
Jayesh Ramanlal Shah ceased to be Director.
Appointed
Prerak Prakash Parikh was appointed as Director.
Appointed
Pujan Biren Zaverchand was appointed as Director.
Ceased
Raxitkumar Sureshbhai Patel ceased to be Director.
Appointed
Sharmil Sanjay Gandhi was appointed as Director.
Appointed
Siddhrajsinh Gohil was appointed as Director.
Appointed
Dhwani Jaspalsinh Solanki was appointed as Company Secretary.
13 earlier events are in the company report.
News
Frequently asked questions
Sigma Solve is an active public limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 April 2010 (16+ years old) and is registered under CIN L72200GJ2010PLC060478. Listed on BSE: 543917 and NSE: SIGMA.
Sigma Solve reported revenue of ₹95.62 Cr for FY 2025-26 (up 25.5% YoY) based on consolidated financials.
Sigma Solve has 8 current directors:
- Prakash Ratilal Parikh - Managing Director
- Kalpana Parikh Prakashbhai - Whole-Time Director
- Siddhrajsinh Gohil - Director
- Aditya Vikrambhai Patel - Director
- Prerak Prakash Parikh - Director
- Pujan Biren Zaverchand - Director
- Pratik Nareshkumar Shah - Director
- Archana Samirbhai Shah - Director
The latest financial statements of Sigma Solve on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sigma Solve is 24AAOCS2976E1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Sigma Solve is L72200GJ2010PLC060478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Sigma Solve is a listed company as per MCA records. Its shares are listed on both BSE (code: 543917) and NSE (symbol: SIGMA).
Sigma Solve has 3 court cases on record: 3 filed by the company. 1 is pending. Most are in the district courts.
Sigma Solve was incorporated on 29 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sigma Solve has 12 deals on record (10 market trades, 1 secondary share transfer, 1 ipo); the latest was in October 2025.
Bharatkumar Himmatlal Shah ceased to be Additional Director on 22 Jul 2025. Pratik Nareshkumar Shah was appointed as Director on 22 Jul 2025. Aditya Vikrambhai Patel was appointed as Director on 30 Jun 2025. Sigma Solve has 17 board changes on record in total.