SHIGAN

Shigan Quantum Technologies Limited

Listed company · ISIN INE03KJ01013 · NSE SM · FV ₹10
Last price
₹64
0.00%today
What this company does

Shigan Quantum Technologies Limited is a listed company. It booked ₹218 cr of revenue in its latest year (FY26) and kept 3.1% of sales as profit.

51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet27

How much it owes, and whether earnings cover the interest

Cash quality61

Whether reported profit actually arrives as cash

Valuation56

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 70%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 3.1% net margin

What if I invest in SHIGAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest full year + price
₹64▲ 0.00%
latest close · 2026-11-03
52-wk low ₹54124 sessions so far52-wk high ₹140
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio19.3Average
LowAverageHigh
P/B ratio1.65Moderate
Below bookModerateHigh
EV / EBITDA11.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.6%Fair
WeakFairStrong ▸15%
Return on capital15.0%Fair
WeakFairStrong
Net margin3.1%Thin
ThinDecentStrong
EBITDA margin7.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.84Moderate
LowModerateHigh ▸1
Interest cover2.3×Okay
RiskyOkayStrong ▸5×
Current ratio1.88Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹130 cr
Book value
₹39
EPS
₹3.32
latest full year
Net debt
₹63 cr
owes more than its cash
Enterprise value
₹193 cr
EBITDA
₹17 cr
latest full year
EBIT
₹17 cr
latest full year
Operating margin
7.9%
Return on assets
3.3%
Earnings yield
5.19%
P/S
0.60
Sales / share
₹107.5
Tax rate
29.5%
Face value
₹10
Shares
2.0 cr
Working capital
₹78 cr
Current assets
₹167 cr
Current liabilities
₹89 cr
Delivery %
90.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are from the latest full-year results; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-03.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹18–₹18, midpoint ₹18

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · FY26 (consolidated)
Revenue from Operations₹218 cr
Other Income₹3 cr
Total Income₹221 cr
Cost of Materials₹119 cr
Purchases of Stock-in-Trade₹17 cr
Inventory Change (±)₹6 cr
Employee Benefit Expense₹14 cr
Finance Costs₹8 cr
Other Expenses₹43 cr
Total Expenses₹212 cr
Profit before Tax₹10 cr
Tax Expense₹3 cr
Net Profit₹7 cr
Net margin on total income3.1%
Where the money goes · FY26
% of total income
Materials + stock-in-trade₹143 cr64.5%
Employee benefit expense₹14 cr6.2%
Finance costs₹8 cr3.4%
Other expenses₹48 cr21.6%
Tax expense₹3 cr1.3%
Profit for the period₹7 cr3.1%
Total income ₹221 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹204 cr
Shareholder equity
₹79 cr
parent shareholders
Total debt
₹66 cr
Cash
₹3 cr
Cash flow · H1 FY25
Operating
₹7 cr
Investing
₹-10 cr
Financing
₹3 cr
Corporate actions
Dividend yield
0.78%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹0.5 / share28 Aug 2026
Who owns it · 2026-09-30
No pledge
Promoter
69.7%
FII / Foreign
—
DII / Domestic
0.0%
Retail / others
30.3%
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 42 named members
owning 69.7% between them · as of 2026-09-30
GIRIDHARI SALES PRIVATE LIMITED37.27%
SHIGAN AUTOTRONICS PRIVATE LIMITED12.05%
GA SHIGAN TRUST (GAGAN AGRAWAL AND RUCHI AGRAWAL)6.76%
SA SHIGAN TRUST (SHISHIR AGRAWAL AND ANKITA AGRAWAL)6.27%
Autotronics Worldwide Pte. Ltd.6.15%
Shishir Agrawal0.86%
Gagan Agrawal0.37%
Ananya Agrawalno shares
Business done with them
FY2026 · 6 of the group
The company paid ₹42 cr to companies in the promoter group last year — about 19.1% of its ₹218 cr revenue and received ₹2 cr back from them.
SHIGAN INDUSTRIES PRIVATE LIMITED
Bought goods from them · Purchase , sales
₹41 cr
company paid
CLH GASEOUS FUEL APPLICATIONS PRIVATE LIMITED
Leases As Lessee · Sale, rent paid
₹2 cr
company received
SHIGAN INDUSTRIES PRIVATE LIMITED
Sold goods to them · Purchase , sales
₹1 cr
company received
SHIGAN NEXGEN TECHNOLOGIES PRIVATE LIMITED
Other payments to them · Outsourcing
₹74.3 L
company paid
E Mobility Exim Pte Ltd
Other income from them · Consultancy
₹44.5 L
company received
CLH GASEOUS FUEL APPLICATIONS PRIVATE LIMITED
Reimbursement Of Expenses Incurred By Related Party During Year · Sale, rent paid
₹38.3 L
company received
SHIGAN TELEMATICS PRIVATE LIMITED
Sold goods to them · Sale, purchase
₹18 L
company received
Orient Transport Agency
Other payments to them · Freight paid
₹7.1 L
company paid
SHIGAN TELEMATICS PRIVATE LIMITED
Bought goods from them · Sale, purchase
₹2 L
company paid
CLH GASEOUS FUEL APPLICATIONS PRIVATE LIMITED
Sold goods to them · Sale, rent paid
₹0.47 L
company received

The company also transacted with 4 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹25 cr raised in Sep 2023 by selling shares to selected investors
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 50% of what it set aside, leaving ₹13 cr still to be spent.

“The members of the Company at the Annual General Meeting held on 26th September, 2025 approved the modification in the manner of utilization or implementation of the proceeds of the aforesaid preferential issue of warrants convertible into equity shares, whereby the proceeds were permitted to be utilized through investment in the equity share capital of Shigan Electronics Private Limited, a wholly owned subsidiary of the Company, for pursuing the same objects as disclosed in the offer document. Accordingly, the Company invested an amount of 1200 lakhs in the equity share capital of Shigan Electronics Private Limited”the company’s own explanation, as filed · shareholders approved the change
Automation of Assembly Lines & Technology Acquisition
now filed as: Automation of Assembly Lines & Technology Acquisition
originally ₹20 cr
budget changed
68%
₹6 cr of ₹8 cr
Debt Repayment
100%
₹5 cr of ₹5 cr
NA
now filed as: Automation of Assembly Lines & Technology Acquisition
originally ₹0 cr
budget changed
16%
₹2 cr of ₹12 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.