An IT-enabled services company with operations in India and overseas, structured around two subsidiaries — Sigma Solve INC in the US and Rish Info Logistics Private Limited in India (70% owned, acquired April 2024). On a consolidated basis, revenue from operations was Rs 95.617 crore in FY26, with the cost base dominated by employee expenses at 40.3% of revenue. Recent management commentary on Q1 FY27 results credits an AI-led service portfolio shift and contributions from both subsidiaries for sharp consolidated profit growth in the quarter. Capital spending is minimal — just 0.2% of revenue — pointing to a largely asset-light services operating model. The standalone parent also reported FY26 revenue from operations of Rs 3,852.18 lakh, with the gap between standalone and consolidated reflecting the contribution of Sigma Solve INC and Rish Info Logistics. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT-enabled services, Logistics services. Asset-light IT-enabled services with low capital intensity
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 65 | 76 | 96 |
| EBITDA (ex other income) | 23 | 26 | 28 |
| margin % | 35.5 | 33.8 | 29.5 |
| Owners' profit | 16 | 19 | 24 |
| EPS, as reported (₹) | 31.40 | 18.57 | 2.32 |
| ROE % · ROCE % | 64.0 · 73.3 | 38.6 · 47.2 | 31.0 · 38.5 |
| Debt / equity (x) | 0.16 | 0.07 | 0.03 |
| Cash from operations | 7 | 18 | 30 |
| Capex | (1) | (0) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 20 | 24 | 21 | 26 | 25 | 25 | 23 |
| Profit before tax | 5 | 6 | 9 | 7 | 9 | 9 | 7 | 16 |
| Net profit | 4 | 5 | 7 | 5 | 7 | 7 | 5 | 13 |
| EPS (₹) | 8.00 | 8.22 | 6.64 | 5.04 | 0.65 | 0.65 | 0.52 | 1.22 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| TATA TECHNOLOGIES LIMITED | 31,087 | 55.8 | 7.92 | 33.8 | 13.9 | 14.3 | — | 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Notice of 16th AGM and e-voting published | compliance | minimal | — | — |
| 1 Sept 2026 · Newspaper publication of 16th AGM notice and e-voting details | compliance | minimal | — | — |
| 31 Aug 2026 · Record date set for Sigma Solve final dividend at Rs 0.50 per share | corporate actions | medium | — | — |
| 31 Aug 2026 · Sigma Solve announces final dividend of Rs 0.50 per share | corporate actions | medium | — | — |
| 31 Aug 2026 · Sigma Solve announces book closure for 16th AGM voting | corporate actions | low | — | — |
| 31 Aug 2026 · Sigma Solve announces Rs 0.50 final dividend, record date Sep 16, 2026 | corporate actions | high | — | — |
| 31 Aug 2026 · Sigma Solve publishes notice of 16th AGM in Free Press and Lokmitra | compliance | minimal | — | — |
| 31 Aug 2026 · Sigma Solve files FY26 Annual Report; 16th AGM on Sept 23, dividend declared | compliance | low | — | — |
| 31 Aug 2026 · Sigma Solve 16th AGM notice with Rs 0.50 dividend and Rs 300 Cr borrowing limit proposal | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Sigma Solve revises final dividend to Rs 0.50 per share for FY26 | corporate actions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| AFFLE 3I LIMITED |
| 22,105 |
| 46.2 |
| 6.05 |
| 30.4 |
| 12.5 |
| 15.2 |
| 39.3 |
| 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.5 | 18.9 | 26 of 78 | 68% |
| P/B | 5.9 | 2.2 | 58 of 70 | 17% |
| ROCE | 38.1 | 9.7 | 4 of 87 | 97% |
| ROE | 31.0 | 9.4 | 3 of 72 | 97% |
| Debt / Equity | 0.0 | 0.0 | 34 of 72 | 54% |
| EBITDA margin | 72.5 | 13.0 | 5 of 69 | 94% |
| Revenue growth | 11.5 | 20.8 | 47 of 67 | 30% |
| Profit growth | 146.6 | 14.6 | 8 of 64 | 89% |
| Market cap | 452 | 309 | 39 of 87 | 56% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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