New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Market cap is less than US$100m (₹1.63b market cap, or US$17.1m). Announcement • May 23
Shigan Quantum Technologies Limited to Report Second Half, 2026 Results on May 28, 2026 Shigan Quantum Technologies Limited announced that they will report second half, 2026 results on May 28, 2026 Board Change • Feb 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Balraj Bhanot was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Balraj Bhanot was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 13
Shigan Quantum Technologies Limited to Report First Half, 2026 Results on Nov 13, 2025 Shigan Quantum Technologies Limited announced that they will report first half, 2026 results on Nov 13, 2025 Announcement • Sep 04
Shigan Quantum Technologies Limited, Annual General Meeting, Sep 26, 2025 Shigan Quantum Technologies Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. Location: stellar resorts, nh-8, yawantika colony, rajokri, new delhi-110038, India Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹92.00, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 32x in the Auto Components industry in India. Total loss to shareholders of 6.5% over the past three years. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 1.2% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹1.42b market cap, or US$16.6m). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹82.30, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 31x in the Auto Components industry in India. Total loss to shareholders of 34% over the past three years. Board Change • May 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Balraj Bhanot was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹75.40, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 28x in the Auto Components industry in India. Total loss to shareholders of 39% over the past three years. New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 1.2% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.32b market cap, or US$15.2m). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹62.45, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 28x in the Auto Components industry in India. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹80.05, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 29x in the Auto Components industry in India. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹90.00, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 29x in the Auto Components industry in India. Total loss to shareholders of 32% over the past year. Announcement • Nov 14
Shigan Quantum Technologies Limited to Report First Half, 2025 Results on Nov 14, 2024 Shigan Quantum Technologies Limited announced that they will report first half, 2025 results on Nov 14, 2024 New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 1.0% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Market cap is less than US$100m (₹2.08b market cap, or US$24.7m). Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Balraj Bhanot was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹135, the stock trades at a trailing P/E ratio of 51.3x. Average trailing P/E is 35x in the Auto Components industry in India. Total returns to shareholders of 2.4% over the past year. New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 1.0% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Market cap is less than US$100m (₹1.87b market cap, or US$22.3m). Announcement • Aug 16
Shigan Quantum Technologies Limited, Annual General Meeting, Sep 11, 2024 Shigan Quantum Technologies Limited, Annual General Meeting, Sep 11, 2024, at 11:30 Indian Standard Time. Location: stellar resorts, nh-8, yawantika colony, rajokri, new delhi-110038, India Announcement • Jul 18
Shigan Quantum Technologies Limited Appoints Aman Bisht as Assistant Company Secretary, Compliance Officer and Key Managerial Personnel, Effective from July 22, 2024 Shigan Quantum Technologies Limited announced the appointment of Mr. Aman Bisht as Assistant Company Secretary, Compliance Officer and Key Managerial Personnel of the Company w.e.f., July 22nd, 2024. Mr. Aman Bisht is Associate member of the Institute of Company Secretaries of India (ICSI) and a law graduate. He has 3 years of experience in the field of Company Secretary. Mr. Aman Bisht is working with Shigan Group since December 2023 as Deputy Manager-Legal & Secretarial. Announcement • Jul 12
Shigan Quantum Technologies Limited Announces Resignation of Swati as Company Secretary and Compliance Officer, Effective July 20, 2024 Shigan Quantum Technologies Limited announced Ms. Swati has tendered her resignation from the position of Company Secretary and Compliance Officer dated 11th July 2024. She will continue to discharge her duties as the Company Secretary and Compliance Officer of the Company, until the close of business hours on 20th Day of July 2024 to facilitate smooth transition. Reason for Change: Resignation due to new career opportunities. Date of Cessation: Close of business hours of 20th day of July 2024. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 1.0% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.88b market cap, or US$22.5m). New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (₹1.88b market cap, or US$22.6m). Buy Or Sell Opportunity • Jan 19
Now 21% undervalued Over the last 90 days, the stock has risen 22% to ₹132. The fair value is estimated to be ₹167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 95%. Reported Earnings • Nov 14
First half 2024 earnings released First half 2024 results: EPS: ₹1.07. Net income: ₹18.4m (up ₹18.4m from 1H 2023). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹98.90, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹114, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 33% over the past year. Announcement • Sep 08
Shigan Quantum Technologies Limited, Annual General Meeting, Sep 28, 2023 Shigan Quantum Technologies Limited, Annual General Meeting, Sep 28, 2023, at 11:30 Indian Standard Time. Location: Stellar Resorts, NH-8, Yawantika Colony, Rajokri, New Delhi Delhi 110038 Delhi India Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the Report of the Auditors thereon; to appoint Mr. Gagan Agrawal (DIN-00054879) who retires by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment as Director; to ratify the Cost Auditor's Remuneration; to approve undertaking material related party transactions(s) with M/s CLH Gaseous Fuel Applications Private Limited; to approve undertaking material related party transactions(s) with M/s Shigan Telematics Private Limited; and to consider other matters. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹83.65, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 27x in the Auto Components industry in India. Total loss to shareholders of 13% over the past year. New Risk • Jun 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (₹1.35b market cap, or US$16.4m). Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹68.45, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 23x in the Auto Components industry in India. Total loss to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹86.00, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 25x in the Auto Components industry in India. Total loss to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 24% share price gain to ₹105, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 24x in the Auto Components industry in India. Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: ₹1.45 (vs ₹2.41 in 1Q 2022) First quarter 2023 results: EPS: ₹1.45 (down from ₹2.41 in 1Q 2022). Revenue: ₹552.1m (down 29% from 1Q 2022). Net income: ₹24.9m (down 19% from 1Q 2022). Profit margin: 4.5% (up from 3.9% in 1Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Nov 13
First quarter 2023 earnings released: EPS: ₹1.45 (vs ₹2.41 in 1Q 2022) First quarter 2023 results: EPS: ₹1.45 (down from ₹2.41 in 1Q 2022). Revenue: ₹552.1m (down 29% from 1Q 2022). Net income: ₹24.9m (down 19% from 1Q 2022). Profit margin: 4.5% (up from 3.9% in 1Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 19% share price gain to ₹106, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 22x in the Auto Components industry in India. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₹98.90, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 21x in the Auto Components industry in India. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹91.50, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 21x in the Auto Components industry in India. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ₹7.60 (vs ₹2.77 in FY 2021) Full year 2022 results: EPS: ₹7.60 (up from ₹2.77 in FY 2021). Revenue: ₹2.42b (up 153% from FY 2021). Net income: ₹98.7m (up 181% from FY 2021). Profit margin: 4.1% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Announcement • May 25
Shigan Quantum Technologies Limited to Report Second Half, 2022 Results on May 24, 2022 Shigan Quantum Technologies Limited announced that they will report second half, 2022 results on May 24, 2022 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 65% share price gain to ₹129, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 21x in the Auto Components industry in India.