Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹88Cr
Rev Gr TTM
Revenue Growth TTM
-48.79%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SGLRES
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -46.2 | -5.8 | 4.8 | -13.3 | 210.5 | 417.5 | 521.0 | 138.6 | -92.5 | -73.4 | 67.9 | -203.8 |
| 5 | 3 | 3 | 3 | 18 | 16 | 2 | 7 | 14 | 3 | 35 | -5 |
Operating Profit Operating ProfitCr |
| 19.2 | 20.4 | 22.2 | 21.9 | 8.1 | 8.9 | 90.0 | 17.2 | -872.9 | 46.4 | 2.1 | 43.9 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 20 | 0 | 2 | 5 |
Interest Expense Interest ExpenseCr | 1 | 0 | 0 | 0 | 1 | 0 | 19 | 1 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 2 | 2 | 2 |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | -1 | 0 | 1 | -1 |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | -1 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -46.1 | 27.8 | -15.4 | 7.1 | 707.1 | 104.3 | 345.4 | 306.7 | -109.7 | -106.4 | -10.2 | -165.6 |
| 2.3 | 6.7 | 3.2 | 4.5 | 5.9 | 2.6 | 2.3 | 7.7 | -7.6 | -0.6 | 1.2 | 4.8 |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | -2.4 | 24.3 | 32.3 | -17.4 | -23.9 | -48.5 | 73.7 | 65.0 | -30.0 |
| 32 | 30 | 37 | 48 | 38 | 28 | 13 | 26 | 39 | 47 |
Operating Profit Operating ProfitCr |
| 3.7 | 6.8 | 6.7 | 8.9 | 11.7 | 14.9 | 20.8 | 12.8 | 20.1 | -38.9 |
Other Income Other IncomeCr | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 1 | 2 | 27 |
Interest Expense Interest ExpenseCr | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 14 |
| 0 | 1 | 2 | 3 | 3 | 3 | 1 | 2 | 2 | -1 |
| 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | -1 |
|
| | 307.6 | 41.9 | 4.6 | 16.6 | -3.4 | -70.4 | 178.8 | -10.1 | -106.9 |
| 0.9 | 3.7 | 4.2 | 3.3 | 4.7 | 5.9 | 3.4 | 5.5 | 3.0 | -0.3 |
| 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.0 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 5 | 9 | 9 | 10 | 10 | 14 | 14 | 14 | 50 | 50 |
| 7 | 34 | 35 | 46 | 48 | 70 | 71 | 72 | 135 | 135 |
Current Liabilities Current LiabilitiesCr | 40 | 9 | 23 | 28 | 37 | 40 | 34 | 51 | 38 | 42 |
Non Current Liabilities Non Current LiabilitiesCr | 3 | 3 | 4 | 7 | 21 | 18 | 43 | 55 | 15 | 15 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 38 | 27 | 33 | 46 | 58 | 66 | 64 | 83 | 101 | 129 |
Non Current Assets Non Current AssetsCr | 17 | 27 | 38 | 44 | 58 | 77 | 98 | 109 | 137 | 114 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 7 | 9 | -7 | -3 | 2 | -2 | 0 | 6 | -25 |
Investing Cash Flow Investing Cash FlowCr | -6 | -8 | -12 | -12 | -14 | -18 | -22 | -15 | -20 |
Financing Cash Flow Financing Cash FlowCr | 0 | 4 | 14 | 16 | 12 | 20 | 22 | 8 | 48 |
|
Free Cash Flow Free Cash FlowCr | 8 | 9 | -8 | -4 | 1 | -3 | -1 | 6 | -25 |
| 2,306.9 | 791.7 | -441.3 | -198.7 | 93.8 | -96.2 | 27.4 | 380.2 | -1,742.2 |
CFO To EBITDA CFO To EBITDA% | 549.7 | 428.7 | -276.8 | -73.7 | 37.5 | -38.3 | 4.5 | 162.3 | -258.8 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 60 | 81 | 138 | 89 | 71 | 111 | 46 | 44 | 85 |
Price To Earnings Price To Earnings | 201.4 | 69.0 | 82.8 | 51.6 | 35.2 | 57.3 | 82.6 | 27.8 | 56.5 |
Price To Sales Price To Sales | 1.8 | 2.5 | 3.5 | 1.7 | 1.6 | 3.4 | 2.7 | 1.5 | 1.7 |
Price To Book Price To Book | 4.9 | 1.9 | 3.1 | 1.6 | 1.2 | 1.3 | 0.5 | 0.5 | 0.5 |
| 72.5 | 36.2 | 58.7 | 22.8 | 20.3 | 28.7 | 26.0 | 26.0 | 9.0 |
Profitability Ratios Profitability Ratios |
| 27.2 | 49.1 | 46.1 | 55.1 | 61.6 | 90.6 | 97.1 | 100.0 | 100.0 |
| 3.7 | 6.8 | 6.7 | 8.9 | 11.7 | 14.9 | 20.8 | 12.8 | 20.1 |
| 0.9 | 3.7 | 4.2 | 3.3 | 4.7 | 5.9 | 3.4 | 5.5 | 3.0 |
| 2.3 | 4.5 | 5.6 | 5.8 | 5.1 | 3.7 | 2.0 | 2.1 | 1.4 |
| 2.4 | 2.7 | 3.8 | 3.1 | 3.5 | 2.3 | 0.7 | 1.9 | 0.8 |
| 0.5 | 2.2 | 2.3 | 1.9 | 1.8 | 1.4 | 0.4 | 0.8 | 0.6 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
SGL Resources Ltd (formerly Scanpoint Geomatics Limited), headquartered in Ahmedabad, is a leading Indian geospatial technology company and a pioneer in developing indigenous, end-to-end geomatics solutions. The company’s flagship product, **IGiS (Integrated GIS and Image Processing Software)**, was co-developed in collaboration with **SAC-ISRO** (Space Applications Centre – Indian Space Research Organisation), positioning SGL as a trusted provider of Commercial Off-The-Shelf (COTS) geospatial software and solutions.
With over two decades of technical expertise rooted in ISRO’s legacy in remote sensing and GIS, SGL has evolved into a key player in India’s growing geospatial ecosystem. The company is strategically aligned with national initiatives such as **'Make in India'**, **'Digital India'**, and **'Atmanirbhar Bharat'**, enabling it to capture growth across public infrastructure, defense, smart cities, land records, agriculture, and utilities.
---
### **Core Product & Technology Platform: IGiS**
- **IGiS** is a **proprietary, integrated platform** combining **Geographic Information Systems (GIS), image processing, photogrammetry, and CAD** into a single system.
- It enables **unified geospatial analysis, real-time decision-making**, and supports **end-to-end project lifecycle management**.
- Enhanced with AI and emerging technologies, IGiS delivers scalable, high-performance solutions for complex spatial workflows.
- The platform is **OGC (Open Geospatial Consortium) compliant**, ensuring interoperability across global standards.
- Supported by continuous R&D and technical collaboration with ISRO, IGiS remains at the forefront of innovation in the Indian geospatial domain.
---
### **Vertical-Specific Solutions**
SGL has developed targeted, domain-specific applications based on the IGiS platform:
| Solution | Sector Focus | Key Features |
|--------|-------------|-------------|
| **IGiS-LIS** (Land Information System) | Land Records, Rural Development | Digitization of land records, cadastral mapping, ownership tracking, and rural asset management |
| **IGiS-AIS** (Agriculture Information System) | Agriculture, Farm Productivity | Crop monitoring, yield prediction, soil & water analysis, farm planning, geo-enabled welfare scheme delivery |
| **IGiS for Utilities** | Water, Gas, Power, Telecom | Web-based module for network design, outage management, asset tracking, and smart utility administration |
| **IGiS for Defense & Homeland Security** | Defense, Law Enforcement, Border Management | High-resolution image analysis, terrain modeling, situational awareness, and mission planning under 'MAKE-II' and IDDM programs |
---
### **Strategic Focus Sectors & Growth Drivers (as of Sep 2025)**
#### 1. **Urban Development & Smart Cities**
- SGL is a **market leader in enterprise GIS implementation** for smart city projects.
- Secured contracts with multiple urban development authorities for large-scale GIS rollouts.
- Driving use cases: 3D city modeling, smart utility networks, environmental monitoring, pollution/waste management.
- **Urban development market expected to grow from INR 1,820 crore (2021) to INR 3,030 crore by FY2025**.
#### 2. **Defense & Homeland Security**
- Key differentiator: **‘Make in India’ certification** and indigenous technology.
- Actively engaged in **Indian Armed Forces’ 'MAKE-II' and IDDM programs**; one project at an advanced stage.
- Projected **defense geospatial market growth at 13.81% CAGR**, expanding from INR 1,975 crore (2021) to INR 3,305 crore by FY2025.
- Strong engagements with DRDO and other defense agencies.
#### 3. **Agriculture & Rural Development**
- Leveraging **IGiS-AIS and IGiS-LIS** to support government schemes focused on **doubling farmers' income**, irrigation, and rural digitization.
- GIS enables **precision farming, crop insurance, subsidy targeting**, and sustainable land use planning.
#### 4. **Utilities (Power, Water, Gas, Telecom)**
- Developed a **comprehensive web-based utility management solution**, compliant with digital infrastructure norms.
- Government initiatives like **BharatNet, IPDS, CGD licensing, and Nal Se Jal** are driving GIS adoption.
- Domestic GIS market in utilities to grow from INR 1,545 crore (2021) to **INR 2,600 crore by FY2025**.
#### 5. **Education & B2C Expansion**
- Gaining traction in the **higher education sector** with IGiS adopted by institutions like **MIT World Peace University (Pune)** and **HNB Garhwal University** for geomatics training.
- Launched **Survey 360**, a GIS-based mobile application now available for **B2C users**, enabling:
- Customizable form creation
- Spatial data collection (Point, Line, Polygon)
- Bluetooth GPS/GNSS integration
- GeoJSON export and query builder
- Efficient dataset management and attachment handling
---
### **Regulatory Tailwinds & Market Opportunity**
- **2021 Geospatial Data Guidelines** and **2022 New Geospatial Policy** by the Ministry of Science and Technology have liberalized the sector:
- Democratized access to geospatial data
- Enabled private sector innovation
- Boosted domestic production and exports
- Upcoming **remote sensing and drone policies** expected to further catalyze growth.
- SGL is poised to transition from a service provider to a **global solution exporter**, with export-oriented geospatial solutions projected to grow at **9.68% CAGR**, reaching **INR 2,331.8 crore by 2025**.
---
### **Business Model & Market Strategy**
- **Customer-First Approach**: Deep collaboration with clients and Master System Integrators (MSIs).
- **Strong Sales Network**: Growing direct sales team and partnerships with GIS service providers enhance reach.
- **Product-Centric Transition**: Increasing focus on software licensing and platform-based offerings, which will improve margins, operational efficiency, and cash flow over the long term.
- **Indigenous Advantage**: ‘Make in India’ positioning strengthens public-sector procurement eligibility and national trust.
---
### **Quality & Compliance**
SGL maintains high standards of quality and security:
- **ISO 9001:2015** (Quality Management)
- **ISO 27001:2013** (Information Security)
- **CMMI Level 3** (Process Maturity)
- **OGC Membership**: Ensures compatibility and alignment with global geospatial standards