Sigma Advanced Systems Limited

Quick check

The five things to look at first. Open one for more.

• DebtModerate debtIt owes ₹332 Cr against ₹468 Cr of shareholders' money (Mar 2026), 0.71 times.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 7,380% and profit fell 74% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters buyingThe promoters (founders or parent) own 66%, up from 35% in Sep 2025.
• ValuationNormal for this stockThe share trades at 89.3 times its yearly earnings (P/E), pricier than 64% of the time in the last 5 years. Its usual P/E is about 21.

Sigma Advanced Systems Limited against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)89.3 against a typical 72.2: pricier than most peers (1st = cheapest).21st of 33
• Sales growth+7,380% against a typical +30.4% from a year earlier.1st of 28
• Profit growth−74.3% against a typical +8.9% from a year earlier.21st of 27
• Share price, 3 months+42.3% against a typical −2%.5th of 32

Exchange filings and their impact on the company.

• 26 Oct 2026Press ReleaseHigh impactVery positivePrice +5% on 27 Oct
  Sigma wins Rs 973 cr 12-month NATO order for base bleed units, more than doubling its TTM revenue run-rate.

  Sigma Advanced Systems has secured a USD 102.23 million (about Rs 973 crore) order from a NATO customer for Base Bleed Units used in 155mm artillery ammunition. The order is to be manufactured and supplied over 12 months and builds on its existing shells and fuzes capabilities. It significantly scales the company's defence ammunition business and advances its vertical integration strategy.

  Full analysisFiling
• 21 Oct 2026Press ReleaseHigh impactPositivePrice −5% that day
  Sigma won a Rs174 crore NATO 155mm subsystems order for delivery by Q2 2027, adding ~20% of TTM sales.

  Sigma Advanced Systems secured a US$19.7 million (approx Rs174 crore) order from a North American NATO customer for specialised ancillary subsystems for 155mm artillery ammunition, to be manufactured in its ecosystem and executed by Q2 2027. It is Sigma's fifth 155mm engagement since May 2026, after filled fuzes, M107 and base-bleed shell bodies and a course-correction fuze MoU, broadening it beyond shell bodies and fuzes. The order adds about 20% of TTM sales and supports its move toward integrated ammunition manufacturing for global rearmament demand.

  Full analysisFiling
• 14 Oct 2026Press ReleaseLow impactPositivePrice −2.4% that day
  Sigma signed an exclusive MoU with Munitions India to localise 155mm course-correction fuze technology.

  Sigma Advanced Systems has signed an exclusive MoU with Munitions India Limited to bring its 155mm artillery course-correction fuze technology to India. The plan covers technology transfer, qualification, local manufacturing and integration of the guidance kits for precision artillery ammunition. It is an early-stage collaboration with no order value disclosed, so near-term financial impact is small but it positions Sigma higher up the defence value chain in line with Make in India.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.