Sigma Solve Limited (SIGMA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Sigma Solve Limited ₹69.78, price ₹44.91, upside +55.4%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹23.40 – ₹556.05 · fair‑value band ₹40.37 – ₹116.05 · the ₹44.91 price screens below the ₹69.78 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Sigma Solve Limited, together with its subsidiary, Sigma Solve INC, engages in the enterprise software development business worldwide. The company offers IT and turnkey consultancy services to customers in customers' business domain.
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Sigma Solve Limited, together with its subsidiary, Sigma Solve INC, engages in the enterprise software development business worldwide. The company offers IT and turnkey consultancy services to customers in customers' business domain. It also provides Web and E-commerce development, real-time application and web development, business intelligence analytics, CRM development, digital marketing, UI and UX design, automation testing, quality assurance, and cloud solutions. In addition, the company offers various plugins, including MAGNETO, nopCommerce, PRESTASHOP, and WORDPRESS. Sigma Solve Limited was incorporated in 2010 and is based in Ahmedabad, India.
Stock analysis
Sigma Solve Limited (SIGMA) currently trades at ₹44.91, while our model-based Fair Value estimate is ₹69.78, implying the stock looks roughly 35.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹117.42 per share, and 17 of the 26 models we run sit above the ₹44.91 price.
Bear case: the Economic Profit group reads lowest at ₹25.07, and 9 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹40.37 (bear) to ₹116.05 (bull), the price of ₹44.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 75/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sigma Solve Limited reported revenue of ₹956M in FY2026 versus ₹411M in FY2022, a compound +23.5%/yr. Reported net income was ₹239M in FY2026, compounding +27.8%/yr from FY2022.
Key figures
Market cap ₹4.6B (≈ $48.0M) · P/E ratio 19.4 · P/S ratio 4.83 · EPS (TTM) ₹2.32 · Net margin 25.0% · Return on equity 37.8% · Return on assets (EBIT) 44.1% · Operating margin 30.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at 55%, SIGMA screens cheaper than that median.
Fair Value models
Bear ₹40.37Fair Value ₹69.78Bull ₹116.05
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.18 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+25.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.2%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+53.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.45.6% vs 72.7%, slowing
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36% → 29%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +2.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 461 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+55.4% · Above median
Profitability
Return on equity (TTM)37.8% · Top 25%
Return on assets22.7% · Top 25%
Net margin (TTM)25.0% · Top 25%
Operating margin (TTM)30.8% · Top 25%
Growth and dividend
Revenue growth4.7% · Below median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Is Sigma Solve Limited (SIGMA) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹69.78 versus a price of ₹44.91, about +55% upside (undervalued).
What is the fair value of SIGMA?
Our model-based fair value for Sigma Solve Limited is ₹69.78 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹44.91.
What is the quality score of SIGMA?
Sigma Solve Limited has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sigma Solve Limited (SIGMA)?
Our model-based price target is the fair value of ₹69.78 (as of Oct 2, 2026) from 26 valuation models. Cautious scenario ₹40.37, optimistic scenario ₹116.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Sigma Solve Limited stock forecast for 2026?
Our models put fair value at ₹69.78, about +55% upside versus a price of ₹44.91 (undervalued). Cautious scenario ₹40.37, optimistic scenario ₹116.05. The calculation is refreshed regularly with new filings.
What is the revenue of Sigma Solve Limited (SIGMA)?
Sigma Solve Limited reported trailing-twelve-month revenue of about ₹956M (latest available figure, as of Oct 2, 2026).
What growth is priced into Sigma Solve Limited (SIGMA)?
For today's price to be fair in a discounted-cash-flow model, Sigma Solve Limited would have to grow free cash flow by +6.4 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.2 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of SIGMA use?
Our models discount Sigma Solve Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.14, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sigma Solve Limited that is +6.4 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Sigma Solve Limited (SIGMA) delivered so far?
Over the past 5 years revenue at Sigma Solve Limited grew +35.2 % a year. The price currently implies +6.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sigma Solve Limited (SIGMA) growing?
The median revenue growth in the sector is +13.2 % a year. That is the yardstick for the growth priced into Sigma Solve Limited (+6.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sigma Solve Limited (SIGMA)?
The free-cash-flow yield on the price is 6.75 %: that much free cash flow Sigma Solve Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sigma Solve Limited (SIGMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sigma Solve Limited it is ₹69.78 per share (as of Oct 2, 2026), against a price of ₹44.91. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Sigma Solve Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, SIGMA trades below its calculated fair value: price ₹44.91, fair value ₹69.78, a gap of about +55% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SIGMA?
No. The price is what the market pays today (₹44.91); the fair value is what the company's own numbers justify (₹69.78). For Sigma Solve Limited the two are ₹24.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sigma Solve Limited worth?
The market values Sigma Solve Limited at about ₹4.6B (market capitalisation, as of Oct 2, 2026). Per share that is ₹44.91; our models calculate a fair value of ₹69.78 per share.
What do the bullish and bearish scenarios say about SIGMA?
Our models span a range for Sigma Solve Limited: cautious scenario ₹40.37, base ₹69.78, optimistic ₹116.05 per share (as of Oct 2, 2026, price ₹44.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SIGMA?
Sigma Solve Limited trades at a price-to-earnings ratio of 19.4 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹69.78 is built from several models across several years. Other multiples: P/B 6.0, P/S 4.8, EV/EBITDA 16.1.
How solid is the balance sheet of Sigma Solve Limited (SIGMA)?
Balance-sheet figures for Sigma Solve Limited (as of Oct 2, 2026): return on equity 37.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is SIGMA from its 52-week high?
Sigma Solve Limited trades at ₹44.91, about 29% below its 52-week high of ₹63.02 and 24% above the low of ₹36.33 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹69.78 is for.
Which stocks are comparable to Sigma Solve Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sigma Solve Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹44.91, calculated fair value ₹69.78 (+55%), Quality Score 75/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SIGMA calculated?
We run Sigma Solve Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹69.78, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Sigma Solve Limited currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sigma Solve Limited (SIGMA)?
The closing price on Oct 1, 2026 was ₹44.91. Our model-based fair value is ₹69.78, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sigma Solve Limited right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (₹40.37 to ₹116.05). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Sigma Solve Limited
How large is the market capitalisation of Sigma Solve Limited (SIGMA)?
The market capitalisation of Sigma Solve Limited is ₹4.6B (≈ $48.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sigma Solve Limited (SIGMA)?
The price-to-sales ratio of Sigma Solve Limited is 4.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sigma Solve Limited (SIGMA)?
Earnings per share at Sigma Solve Limited are ₹2.32 (price ÷ EPS = P/E 19.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sigma Solve Limited (SIGMA)?
The net margin of Sigma Solve Limited is 25.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sigma Solve Limited (SIGMA)?
The return on equity (ROE) of Sigma Solve Limited is 37.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sigma Solve Limited (SIGMA)?
On an EBIT basis the return on assets of Sigma Solve Limited is 44.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sigma Solve Limited (SIGMA)?
The operating margin of Sigma Solve Limited is 30.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sigma Solve Limited (SIGMA)?
Revenue at Sigma Solve Limited is growing +4.7% versus a year earlier (3y avg +19.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sigma Solve Limited (SIGMA)?
Earnings per share at Sigma Solve Limited are growing −21.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sigma Solve Limited (SIGMA) hold?
Sigma Solve Limited holds more cash than debt, ₹67.0M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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