1. India Stocks

  2. •

    Electronic technology

  3. •

    Electronic equipment/Instruments
Shigan Quantum Technologies Ltd.

Shigan Quantum Technologies Ltd.

NNSE:SHIGAN
62.50
INR
0.00
(0.00%)
956.40MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
40.12
42.27
55.57
- -
95.05
87.67
113.54
107.45
- -
Basic EPS, GAAP
1.55
1.7
2.13
- -
2.13
2.75
4.7
3.32
- -
Free Cash Flow per Basic Share
0.63
-0.61
0.73
- -
-8.2
-10.23
-9.51
-0.74
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
0.2
- -
Book Value per Share
4.76
7.75
9.95
28.86
31.27
38.97
45.73
48.83
48.83
Tangible Book Value per Share
4.73
7.73
8.32
27.6
30.24
35.58
43.05
46.35
46.35
Basic Weighted Avg Shares
17
17
17
17
17
17
19
20
20
Sales/Revenue/Turnover
691
728
957
- -
1,637
1,519
2,110
2,184
- -
Operating Margin (%)
7.75
7.17
7.42
- -
5.91
6.1
8.64
7.47
- -
Depreciation Expense
5
5
7
- -
20
38
40
43
- -
Net Income, GAAP
27
29
37
- -
37
48
87
68
- -
Effective Tax Rate (%)
29.24
25.75
25.51
- -
27.73
28.46
26.03
29.48
- -
Profit Margin (%)
3.85
4.01
3.84
- -
2.24
3.14
4.14
3.09
- -
Working Capital
68
82
125
436
382
558
705
778
778
LT Debt
1
1
11
8
5
70
76
136
136
Total Equity
82
133
171
497
539
707
930
993
993
Return on Invested Capital (%)
- -
21.96
18.9
- -
8.62
7.28
9.89
7.7
- -
Return on Capital (%)
- -
19.34
18.36
- -
6.82
7.28
9.29
6.69
- -
Return on Common Equity (%)
- -
27.11
24.1
- -
7.09
7.66
10.68
7.02
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
479
539
525
LT Borrowings
76
138
136
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
1,325
1,402
956

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,564
1,589
1,666
Cash, Cash Equivalents & STI
9
197
31
Accounts Receivable, Net
393
389
469
Inventories
493
473
493
Total Current Liabilities
859
812
889
Payables & Accruals
- -
- -
- -
ST Debt
479
539
525
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
53.62%
6.78%
Free Cash Flow
- -
- -
-91.53%
Net Income, GAAP
- -
- -
-22.7%
Sales/Revenue/Turnover
- -
- -
3.54%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,519
2025
- -
- -
2,110
2026
- -
- -
2,184

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.75
2025
- -
- -
4.7
2026
- -
- -
3.32

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
0.2

Company Description

Company Profile APIChatGPT
CEO
Shishir Agrawal
Full Time Employees
92
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
Shyam Udyog Parisar Gurugram HA India 122052
IPO Date
Mar 11, 2022
Website
shigan.net
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Business
Shigan Quantum Technologies Ltd. manufactures and supplies alternate fuel system components for CNG, LPG, HCNG, hydrogen, and dual fuel applications; offers multipoint gas injection (MPGI) systems, including CNG and LPG injectors, high-pressure regulators, gas rails, and engine control modules; and provides fire suppression and detection systems, as well as components for automotive, locomotive, marine, power generation, farm, and off-highway sectors. The company serves original equipment manufacturers (OEMs) such as Tata, Eicher, and Ashok Leyland, primarily in the automotive and industrial segments across India and the Asia-Pacific region. Founded in 2008 and headquartered in Gurugram, Haryana, India, it operates state-of-the-art manufacturing facilities and holds the distinction of being the only Indian firm to fully indigenize BS-VI + OBD-II compliant CNG fuel systems. In March 2024, Shigan Quantum Technologies completed the acquisition of Shigan Electronics Private Limited for INR 2.5 million to bolster its electronics capabilities. More recently, in October 2025, the company subscribed to Rs 12 crore worth of shares (79,26,024 shares) in Shigan Electronics, further strengthening its stake; it also entered a strategic partnership with Adani Total Gas to develop decarbonization solutions, including e-mobility offerings beyond retrofitting. These moves support ongoing expansions in sustainable mobility and electric vehicle technologies.