Sigma Solve Ltd
NSE:SIGMA
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Sigma Solve Ltd
NSE:SIGMA
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OTC:HLNCF
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Sigma Solve Ltd
Sigma Solve Ltd. engages in information and information enabled services. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2020-10-19. The firm along with its subsidiary Sigma Solve Inc., is engaged in offering enterprise software development. The firm offers turnkey consultancy services to its customers. The company provides services related to Web and e-commerce development, real-time application development, business intelligence analytics, customer relationship management (CRM) development, digital marketing, user interface (UI) and user experience (UX) design, automation testing and quality assurance solutions. The firm's solutions include logistic solutions, product engineering, b2b, solution development, business intelligence and insights, enterprise resource planning, enterprise solution, mobile solution.
Sigma Solve Ltd. engages in information and information enabled services. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2020-10-19. The firm along with its subsidiary Sigma Solve Inc., is engaged in offering enterprise software development. The firm offers turnkey consultancy services to its customers. The company provides services related to Web and e-commerce development, real-time application development, business intelligence analytics, customer relationship management (CRM) development, digital marketing, user interface (UI) and user experience (UX) design, automation testing and quality assurance solutions. The firm's solutions include logistic solutions, product engineering, b2b, solution development, business intelligence and insights, enterprise resource planning, enterprise solution, mobile solution.
Strong Revenue Growth: Sigma Solve reported consolidated revenue of INR 162 million for Q3 FY24, up 12% year-over-year, and INR 488 million for the 9-month period, up 16% year-over-year.
Profitability Maintained: Q3 consolidated EBITDA rose 15% YoY to INR 63 million, and profit after-tax increased 27% YoY to INR 46 million, with margins largely stable.
Strategic Alliances: New partnerships in logistics and aircraft spare parts are expected to drive a 5% increase each in revenue, supporting future growth.
Growth Outlook: Management targets 30% annual revenue growth to reach $30 million in four years, with a near-term expectation of 20% growth in coming quarters.
Diversified Revenue: No single sector dominates; logistics contributes 7–8% of revenue, with other verticals like construction tech and process automation also important.
Recurring Revenue & Retention: Recurring revenues account for 65% of total, and client retention exceeds 90%.
Hiring & Expansion: Employee count stands at 240–250, aiming for 350–400, with increased hiring in the US and sales push into Europe.
Dividend Commitment: Company reiterated its commitment to paying dividends, having done so for the past 3 years.
