Sigma Advanced Systems share price
NSE: SIGMAADVBSE: 532408Aerospace & DefenseSmall Cap
SIGMA ADVANCED SYSTEMS LIMITED · Formerly Megasoft · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 2001 on BSE, Jul 2007 on NSE
Last close ₹921.10up ₹16.80 (1.86%)BSE ₹922.80
Share price at the NSE close on 29 Oct 2026. Previous close ₹904.30.
29 Oct: open ₹924.70, high ₹947.30, low ₹861.00
52-week range of traded prices to 29 Oct 2026
₹140.10Low, 16 Mar 2026₹1,165.00High, 6 Oct 2026
- Under NSE's long-term additional surveillance, stage IV, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹17,494 Cr875th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.64
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 3,68,287
About Sigma Advanced Systems
Sigma Advanced Systems Limited is a Hyderabad-based aerospace and defence company that designs, develops and manufactures systems, sub-systems and components.1 It makes aerospace parts for global aircraft and engine makers, and defence systems and ammunition parts for customers in India and abroad.12 It manufactures in India and the United Kingdom.3
Its customers include DRDO (the government's defence research body), HAL, Bharat Dynamics and the Indian Air Force in India, and Rolls-Royce, BAE Systems, Airbus, Lockheed Martin, Safran, Boeing, MBDA and Rheinmetall abroad.1 Its UK companies Nasmyth and Bromford make aerospace sub-assemblies, fabrications and precision components, and AS Strategic gives it access to European, UK and NATO defence programmes.4 It names SkyOS, WeaponFusion and HyperMind Computing among its proprietary technologies, and it is the manufacturing partner for its associate company Indrajaal, which makes counter-drone systems.567
Sigma was founded in Hyderabad in 1994 by Cheemarla Damodar Reddy and Sanjay Pukalay.8 Sigma Advanced Systems Private Limited merged into the listed company with effect from 31 Dec 2025, and the listed company took its present name on 12 Jan 2026.910 It bought 100% of Nasmyth Group of the UK in October 2025, a 51% stake in AS Strategic in April 2026 and Bromford Precision Solutions of the UK in July 2026.111213
The promoter group held 71.22% of the shares at the end of March 2026, and Chintalapati Holdings Private Limited held 46.31%.14
Sigma Advanced Systems key points
Results
- In the quarter to Jun 2026, revenue from operations rose 16% to ₹374 crore from ₹323 crore the quarter before. Operational EBITDA (profit before interest, tax, depreciation and other income, as the company presents it) rose 11% to ₹61 crore from ₹55 crore.15
- Consolidated revenue from operations was ₹491.88 crore in the year to Mar 2026, against ₹107.36 crore a year earlier.16
- Consolidated net profit was ₹268 crore in the year to Mar 2026, against a loss a year earlier; about ₹260 crore of it came from one-off gains on a property sale and the Extrovis divestment.1718
- The operational EBITDA margin was 16% in the quarter to Jun 2026, against 17% the quarter before, as the lower-margin UK business it acquired, Nasmyth, grew within the group, the company says.19
Business segments
- Revenue from operations by business, quarter to Jun 202620The company gives a typical annual EBITDA margin of 10-14% for aerospace.
Item quarter to Jun 2026 Aerospace ₹229 crore Defence exports ₹104 crore Defence in India ₹41 crore - Aerospace. Makes fabrications, sub-assemblies and components for aero-engine combustion chambers (where the fuel burns), airframe structures for wings, fuselage and tail, and engine and airframe assemblies for military aircraft.21
- Defence. Makes missile guidance systems and on-board electronics, flight data and cockpit display systems, naval on-board systems, artillery shell bodies and fuzes (the devices that set off a shell), and counter-drone products and drones.2223
Where revenue comes from
- In the year to Mar 2026 the company served more than 10 international export markets.24
Plants and capacity
- The company has about 350k sq ft of R&D and manufacturing space and more than 800 skilled employees across the UK and India.25
- In India the company operates at Hyderabad, Bengaluru and Sri City; in the UK it provides machining, fabrication, welding, metal treatment and assembly from several locations.26
- The new Sri City facility has 70k sq ft in its first phase, on a 23 acre site, and is meant to take work transferred to India.2728
- The company stated in its annual report for the year to Mar 2026 that Sri City is on track to start operations in the quarter to Dec 2026, with non-destructive testing (checking parts for flaws without damaging them) following in the quarter to Mar 2027.2928
Order book
- The consolidated order book (orders received but not yet delivered) exceeded ₹8,000 crore by July 2026. The company says a ₹1,600 crore Rolls-Royce long-term agreement won through Bromford takes its combined order book visibility to over ₹9,600 crore.30
- Order book by business at the end of June 202631The aerospace orders are to be executed over approximately 7 years.
Item quarter to Jun 2026 Aerospace about ₹6,300 crore Defence exports about ₹1,400 crore Defence electronics about ₹250 crore - More than 90% of the company's order book is international, with contracts extending up to 8 years.32
Artillery ammunition orders
- Orders for 155 mm artillery ammunition parts, by month333435A base bleed unit sits at the rear of a shell and cuts drag to extend its range.
Filled fuzes, May 2026 $11.4 million M107 shell bodies, June 2026 $21.97 million Base bleed shell bodies, July 2026 $104.9 million Ancillary subsystems, October 2026 $19.7 million Base bleed units for a NATO customer, October 2026 $102.23 million (about ₹973 crore)
What the company expects
- In its presentation of 17 Aug 2026, the company said it expects moving work to India to raise its EBITDA margin by 2-4 percentage points by the end of the year to Mar 2027, and by another 4-6 points in the following year.3637
- The company stated in its annual report for the year to Mar 2026 that the revenue visibility in its order book provides the foundation for its first major revenue milestone, ₹5,000 crore of revenue across the foreseeable future.38
- The company stated in its annual report for the year to Mar 2026 that it plans to establish a footprint in the US, strengthen its presence in the UK and Europe, and expand into forgings and composites.29
Recent events
- On 17 Aug 2026, the company and Indrajaal announced about ₹155 crore of government orders for the Indrajaal Ranger anti-drone patrol vehicle, including a ₹145 crore border-security order to the Indrajaal-Sigma consortium.39
- On 27 Apr 2026, the company signed a 7-year long-term agreement with Rolls-Royce, valued at nearly £300 million (roughly ₹3,800 crore), to supply components and assemblies for Rolls-Royce's aerospace programmes.40
- On 23 Feb 2026, the company won orders worth about ₹100 crore from the Ministry of Defence and defence public sector companies for missile, naval and airborne systems.41
Last updated
All 41 sources, each with its page
- 1. Annual report, 8 Sep 2026, page 89
- 2. Investor presentation, 17 Aug 2026, page 10
- 3. Investor presentation, 17 Aug 2026, page 6
- 4. Annual report, 8 Sep 2026, page 90
- 5. Annual report, 8 Sep 2026, page 30
- 6. Investor presentation, 17 Aug 2026, page 12
- 7. Annual report, 8 Sep 2026, page 50
- 8. Annual report, 8 Sep 2026, page 8
- 9. Annual report, 8 Sep 2026, page 45
- 10. Annual report, 8 Sep 2026, page 46
- 11. Annual report, 8 Sep 2026, page 48
- 12. Annual report, 8 Sep 2026, page 17
- 13. Annual report, 8 Sep 2026, page 89
- 14. Annual report, 8 Sep 2026, page 82
- 15. Annual report, 8 Sep 2026, page 18
- 16. Annual report, 8 Sep 2026, page 24
- 17. Annual report, 8 Sep 2026, page 45
- 18. Annual report, 8 Sep 2026, page 18
- 19. Annual report, 8 Sep 2026, page 18
- 20. Investor presentation, 17 Aug 2026, page 22
- 21. Annual report, 8 Sep 2026, page 21
- 22. Investor presentation, 17 Aug 2026, page 6
- 23. Investor presentation, 17 Aug 2026, page 9
- 24. Annual report, 8 Sep 2026, page 89
- 25. Investor presentation, 17 Aug 2026, page 19
- 26. Annual report, 8 Sep 2026, page 9
- 27. Investor presentation, 17 Aug 2026, page 7
- 28. Investor presentation, 17 Aug 2026, page 20
- 29. Annual report, 8 Sep 2026, page 43
- 30. Annual report, 8 Sep 2026, page 89
- 31. Annual report, 8 Sep 2026, page 24
- 32. Annual report, 8 Sep 2026, page 7
- 33. Exchange filing, 21 Oct 2026, page 3
- 34. Exchange filing, 21 Oct 2026, page 4
- 35. Exchange filing, 26 Oct 2026, page 2
- 36. Investor presentation, 17 Aug 2026, page 26
- 37. Annual report, 8 Sep 2026, page 18
- 38. Annual report, 8 Sep 2026, page 24
- 39. Exchange filing, 17 Aug 2026, page 2
- 40. Exchange filing, 27 Apr 2026, page 2
- 41. Exchange filing, 23 Feb 2026, page 2
Results
Consolidated; ₹ crore.Sigma Advanced Systems quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹374 Crup 15.94%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹35 Crdown 72.43%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 9.5%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 3 of the 8 quarters shown
The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company's revenue for the year to Mar 2026, ₹492 Cr, differs from its quarters added, ₹469 Cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 146 | 323 | 374 |
| Net profit | −14 | 6 | −5 | 136 | 1 | −1 | 128 | 35 |
| Net margin | – | – | – | – | – | −0.7% | 39.8% | 9.5% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026
- Revenue
- ₹492 Cr
- Net profit
- ₹268 Cr
- Net margin
- 54.5%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
Back to profit in the year to Mar 2026, ₹268 CrA loss in 2 of the 10 years shown
The years either side of a change of basis do not compare. From the year to Mar 2026, the company's revenue for that year, ₹492 Cr, differs from its quarters added, ₹469 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 70 | 66 | 62 | 57 | 59 | 52 | 2 | 0 | 0 | 492 |
| Net profit | 3 | 2 | 0 | 1 | 2 | 5 | 9 | −13 | −30 | 268 |
| Net margin | 3.8% | 2.6% | 0.5% | 1.2% | 3.1% | 8.8% | 448.0% | – | – | 54.5% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Aerospace and Defence, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +200.7% | – | – | 0.0% |
| 3 years | +88.3% | +133.2% | −19.2% | 0.0% |
| 5 years | +72.9% | +105.0% | −15.7% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.
Mutual fund holdings
19 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.All 19 funds holding Sigma Advanced Systems
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 11
- AddedAdded. Funds that held more shares than at the end of the month before.
- 2
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 6
| Fund | |||
|---|---|---|---|
 Bank of India Flexi Cap FundBank of India Mutual Fund | 7,90,573 | 2.62% | ₹81.1 Cr |
| Bank of India Small Cap FundBank of India Mutual Fund | 7,69,018 | 2.15% | ₹78.9 Cr |
 Taurus Flexi Cap FundTaurus Mutual Fund | 3,45,821 | 9.18% | ₹35.4 Cr |
 Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 2,56,394 | 0.48% | ₹26.3 Cr |
| Motilal Oswal Nifty India Defence ETFMotilal Oswal Mutual Fund | 1,52,835 | 1.22% | ₹15.7 Cr |
| Taurus Mid Cap FundTaurus Mutual Fund | 1,44,092 | 10.71% | ₹14.7 Cr |
| Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 1,34,687 | 0.57% | ₹13.8 Cr |
 Aditya Birla Sun Life Nifty India Defence Index FundAditya Birla Sun Life Mutual Fund | 52,657 | 0.38% | ₹5.40 Cr |
 Groww Nifty India Defence ETFGroww Mutual Fund | 44,667 | 1.27% | ₹4.58 Cr |
| Taurus ELSS Tax Saver FundTaurus Mutual Fund | 43,227 | 6.23% | ₹4.42 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Sigma Advanced Systems competitors and peers
Aerospace & Defense, 35 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Sigma Advanced Systems in market cap.Capital goods stocks
Sigma Advanced Systems is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Bharat ElectronicsBEL | 2,70,462 | 44.00 | 11.27 | +19.8% | +11.7% | 28.0% | 31.7% | 0.68% |
 Bharat DynamicsBDL | 37,059 | 71.16 | 8.74 | −18.7% | −7.1% | 12.6% | 6.4% | 0.48% |
 Data Patterns (India)DATAPATTNS | 22,514 | 84.03 | 12.97 | +33.8% | +24.9% | 16.5% | 20.2% | 0.25% |
 Garden Reach Shipbuilders & EngineersGRSE | 22,031 | 27.52 | 8.39 | +39.6% | +42.9% | 34.0% | 29.8% | 1.02% |
 Apollo Micro SystemsAPOLLO | 15,665 | 112.74 | 10.31 | +77.1% | +69.7% | 10.7% | 11.8% | 0.06% |
 Astra Microwave ProductsASTRAMICRO | 14,989 | 79.29 | 11.40 | +4.0% | +16.3% | 15.7% | 17.4% | 0.15% |
 Zen TechnologiesZENTEC | 14,641 | 81.29 | 7.75 | −23.5% | −28.2% | 10.0% | 10.0% | 0.06% |
 AequsAEQUS | 14,624 | – | 10.50 | – | – | −14.5% | −5.7% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Sigma Advanced Systems dividend history
| Ex-date | Type | Per share |
|---|---|---|
| 10 Jun 2008 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | 12% of face value (₹1.20 a share) |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Sigma Advanced Systems announcements
Oct 2026
28 Oct · Analysts
Sep 2026
Sigma Advanced Systems share price by year
Each calendar year to 2025.Sigma Advanced Systems share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 188.06 | +112.8% | 221.90 | 49.06 |
| 2024 | 88.37 | +31.6% | 100.45 | 50.60 |
| 2023 | 67.15 | +106.3% | 67.15 | 21.10 |
| 2022 | 32.55 | −57.9% | 85.15 | 29.85 |
| 2021 | 77.25 | +612.0% | 80.75 | 9.25 |
| 2020 | 10.85 | +36.5% | 10.85 | 4.95 |
| 2019 | 7.95 | +1.9% | 9.00 | 5.75 |
| 2018 | 7.80 | −45.6% | 17.35 | 5.75 |
| 2017 | 14.35 | −27.9% | 23.90 | 12.10 |
| 2016 | 19.90 | +161.8% | 24.45 | 5.70 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 28 Oct 2026 | 880.00 | 904.30 | 871.00 | 904.30 | 893.25 | 3,49,435 |
| 27 Oct 2026 | 820.30 | 861.30 | 820.30 | 861.30 | 843.93 | 3,81,753 |
| 26 Oct 2026 | 742.30 | 820.30 | 742.30 | 820.30 | 765.08 | 6,39,324 |
| 23 Oct 2026 | 781.30 | 781.30 | 781.30 | 781.30 | 781.30 | 93,377 |
| 22 Oct 2026 | 822.40 | 822.40 | 822.40 | 822.40 | 822.40 | 1,50,819 |
| 21 Oct 2026 | 910.00 | 910.00 | 865.60 | 865.60 | 872.08 | 5,04,398 |
| 19 Oct 2026 | 950.00 | 950.00 | 909.80 | 911.10 | 913.13 | 2,30,370 |
| 16 Oct 2026 | 939.90 | 969.00 | 936.60 | 957.60 | 954.40 | 1,47,993 |
| 15 Oct 2026 | 965.00 | 987.00 | 932.40 | 936.60 | 951.39 | 2,39,372 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Rights issue and open offer history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 12 Jul 2021 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Each event is noted and not adjusted for.
Company details
- NSE symbol
- SIGMAADV
- BSE code
- 532408
- ISIN
- INE933B01012
- Industry
- Aerospace & Defense
- Former symbols
- MEGASOFT
- Website
- www.sigmaadvsys.com
- CIN
- L24100TN1999PLC042730
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1999
- Registered office
- No.43/1 (129 to 140), Prestige Palladium, 8th Floor, Greams Road, Nungambakkam, Chennai 600006, Tamil Nadu
- Share registrar
- Cameo Corporate Services Ltd
- Keeps the register of shareholders and handles transfers and dividend payments