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SHIG

Shigan Quantum Technologies NSEI:SHIGAN Stock Report

Last Price

₹92.10

Market Cap

₹1.6b

7D

-2.4%

1Y

n/a

Updated

11 Aug, 2022

Data

Company Financials
SHIGAN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

SHIGAN Stock Overview

Shigan Quantum Technologies Limited designs, develops, manufactures, assembles, and sells various alternate fuel system components in India.

Shigan Quantum Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shigan Quantum Technologies
Historical stock prices
Current Share Price₹92.10
52 Week High₹140.00
52 Week Low₹58.20
Beta0
1 Month Change-4.01%
3 Month Change-24.79%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO43.79%

Recent News & Updates

Jun 17
Market Cool On Shigan Quantum Technologies Limited's (NSE:SHIGAN) Earnings Pushing Shares 29% Lower

Market Cool On Shigan Quantum Technologies Limited's (NSE:SHIGAN) Earnings Pushing Shares 29% Lower

Shigan Quantum Technologies Limited ( NSE:SHIGAN ) shares have retraced a considerable 29% in the last month, reversing...

Shareholder Returns

SHIGANIN Auto ComponentsIN Market
7D-2.4%-0.9%1.1%
1Yn/a1.8%8.5%

Return vs Industry: Insufficient data to determine how SHIGAN performed against the Indian Auto Components industry.

Return vs Market: Insufficient data to determine how SHIGAN performed against the Indian Market.

Price Volatility

Is SHIGAN's price volatile compared to industry and market?
SHIGAN volatility
SHIGAN Average Weekly Movement9.9%
Auto Components Industry Average Movement6.1%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market4.2%

Stable Share Price: SHIGAN is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: Insufficient data to determine SHIGAN's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008n/aShishir Agrawalhttps://www.shigan-quantum.com

Shigan Quantum Technologies Limited designs, develops, manufactures, assembles, and sells various alternate fuel system components in India. It offers compressed natural gas (CNG), liquified natural gas (LNG), and hydrogen fuel kit systems. The company’s products portfolio includes CNG filters, engine control units, fuel rails, high-pressure regulators, injectors, fire detection and suppression systems, CNG tubes and fittings, filler valves, and fueling monitoring filtration delivery modules.

Shigan Quantum Technologies Fundamentals Summary

How do Shigan Quantum Technologies's earnings and revenue compare to its market cap?
SHIGAN fundamental statistics
Market Cap₹1.59b
Earnings (TTM)₹98.69m
Revenue (TTM)₹2.42b

16.1x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHIGAN income statement (TTM)
Revenue₹2.42b
Cost of Revenue₹2.10b
Gross Profit₹325.45m
Other Expenses₹226.76m
Earnings₹98.69m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.73
Gross Margin13.45%
Net Profit Margin4.08%
Debt/Equity Ratio44.8%

How did SHIGAN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SHIGAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SHIGAN?

Other financial metrics that can be useful for relative valuation.

SHIGAN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA9.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SHIGAN's PE Ratio compare to its peers?

SHIGAN PE Ratio vs Peers
The above table shows the PE ratio for SHIGAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.1x
543214 NDR Auto Components
14xn/a₹2.3b
530919 Remsons Industries
22.4xn/a₹1.2b
523638 IP Rings
25.6xn/a₹1.6b
BHARATGEAR Bharat Gears
6.3xn/a₹1.5b
SHIGAN Shigan Quantum Technologies
16.1xn/a₹1.6b

Price-To-Earnings vs Peers: SHIGAN is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (17.1x).


Price to Earnings Ratio vs Industry

How does SHIGAN's PE Ratio compare vs other companies in the IN Auto Components Industry?

Price-To-Earnings vs Industry: SHIGAN is good value based on its Price-To-Earnings Ratio (16.1x) compared to the Indian Auto Components industry average (22.9x)


Price to Earnings Ratio vs Fair Ratio

What is SHIGAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SHIGAN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SHIGAN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SHIGAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SHIGAN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SHIGAN's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Shigan Quantum Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.5%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shigan Quantum Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Shigan Quantum Technologies performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHIGAN has a high level of non-cash earnings.

Growing Profit Margin: SHIGAN's current net profit margins (4.1%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: SHIGAN's earnings have grown significantly by 34.7% per year over the past 5 years.

Accelerating Growth: SHIGAN's earnings growth over the past year (180.9%) exceeds its 5-year average (34.7% per year).

Earnings vs Industry: SHIGAN earnings growth over the past year (180.9%) exceeded the Auto Components industry 19.4%.


Return on Equity

High ROE: SHIGAN's Return on Equity (19.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Shigan Quantum Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SHIGAN's short term assets (₹1.3B) exceed its short term liabilities (₹868.7M).

Long Term Liabilities: SHIGAN's short term assets (₹1.3B) exceed its long term liabilities (₹18.9M).


Debt to Equity History and Analysis

Debt Level: SHIGAN has more cash than its total debt.

Reducing Debt: Insufficient data to determine if SHIGAN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SHIGAN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SHIGAN's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


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Dividend

What is Shigan Quantum Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SHIGAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SHIGAN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SHIGAN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SHIGAN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SHIGAN has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Shishir Agrawal (56 yo)

0.83

Tenure

₹9,800,000

Compensation

Mr. Shishir Agrawal is Managing Director of SHIGAN Quantum Technologies Pvt Ltd from October 6, 2021 and its Executive Director from October 20, 2008. He is a professionally qualified Chartered Accountant....


Leadership Team

Experienced Management: SHIGAN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: SHIGAN's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: SHIGAN only recently listed within the past 12 months.


Top Shareholders

Company Information

Shigan Quantum Technologies Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shigan Quantum Technologies Limited
  • Ticker: SHIGAN
  • Exchange: NSEI
  • Founded: 2008
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ₹1.586b
  • Shares outstanding: 17.22m
  • Website: https://www.shigan-quantum.com

Location

  • Shigan Quantum Technologies Limited
  • Shyam Udyog Parisar
  • Ground Floor and First Floor
  • Gurugram
  • Haryana
  • 122505
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.