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SGL Resources Ltd

SGLRES
BSE
3.50
3.85%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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SGL Resources Ltd

SGLRES
BSE
3.50
3.85%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
88Cr
Close
Close Price
3.50
Industry
Industry
IT - Software
PE
Price To Earnings
350.00
PS
Price To Sales
2.57
Revenue
Revenue
34Cr
Rev Gr TTM
Revenue Growth TTM
-48.79%
PAT Gr TTM
PAT Growth TTM
-103.70%
Peer Comparison
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SGLRES
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
633319182281536-8
Growth YoY
Revenue Growth YoY%
-46.2-5.84.8-13.3210.5417.5521.0138.6-92.5-73.467.9-203.8
Expenses
ExpensesCr
533318162714335-5
Operating Profit
Operating ProfitCr
111122191-1321-4
OPM
OPM%
19.220.422.221.98.18.990.017.2-872.946.42.143.9
Other Income
Other IncomeCr
0000001020025
Interest Expense
Interest ExpenseCr
1000101910000
Depreciation
DepreciationCr
000000008222
PBT
PBTCr
00001111-101-1
Tax
TaxCr
00000100-1000
PAT
PATCr
000010010000
Growth YoY
PAT Growth YoY%
-46.127.8-15.47.1707.1104.3345.4306.7-109.7-106.4-10.2-165.6
NPM
NPM%
2.36.73.24.55.92.62.37.7-7.6-0.61.24.8
EPS
EPS
0.00.00.00.00.10.00.00.00.00.00.00.0

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
33324053433317304934
Growth
Revenue Growth%
-2.424.332.3-17.4-23.9-48.573.765.0-30.0
Expenses
ExpensesCr
32303748382813263947
Operating Profit
Operating ProfitCr
1235554410-13
OPM
OPM%
3.76.86.78.911.714.920.812.820.1-38.9
Other Income
Other IncomeCr
01200001227
Interest Expense
Interest ExpenseCr
0112222210
Depreciation
DepreciationCr
11111111914
PBT
PBTCr
012333122-1
Tax
TaxCr
001111000-1
PAT
PATCr
0122221210
Growth
PAT Growth%
307.641.94.616.6-3.4-70.4178.8-10.1-106.9
NPM
NPM%
0.93.74.23.34.75.93.45.53.0-0.3
EPS
EPS
0.10.30.20.20.20.10.10.20.10.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
59910101414145050
Reserves
ReservesCr
734354648707172135135
Current Liabilities
Current LiabilitiesCr
4092328374034513842
Non Current Liabilities
Non Current LiabilitiesCr
3347211843551515
Total Liabilities
Total LiabilitiesCr
55547190115142161192238243
Current Assets
Current AssetsCr
3827334658666483101129
Non Current Assets
Non Current AssetsCr
17273844587798109137114
Total Assets
Total AssetsCr
55547190115142161192238243

Cash Flow

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
79-7-32-206-25
Investing Cash Flow
Investing Cash FlowCr
-6-8-12-12-14-18-22-15-20
Financing Cash Flow
Financing Cash FlowCr
041416122022848
Net Cash Flow
Net Cash FlowCr
05-6000003
Free Cash Flow
Free Cash FlowCr
89-8-41-3-16-25
CFO To PAT
CFO To PAT%
2,306.9791.7-441.3-198.793.8-96.227.4380.2-1,742.2
CFO To EBITDA
CFO To EBITDA%
549.7428.7-276.8-73.737.5-38.34.5162.3-258.8

Ratios

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
60811388971111464485
Price To Earnings
Price To Earnings
201.469.082.851.635.257.382.627.856.5
Price To Sales
Price To Sales
1.82.53.51.71.63.42.71.51.7
Price To Book
Price To Book
4.91.93.11.61.21.30.50.50.5
EV To EBITDA
EV To EBITDA
72.536.258.722.820.328.726.026.09.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
27.249.146.155.161.690.697.1100.0100.0
OPM
OPM%
3.76.86.78.911.714.920.812.820.1
NPM
NPM%
0.93.74.23.34.75.93.45.53.0
ROCE
ROCE%
2.34.55.65.85.13.72.02.11.4
ROE
ROE%
2.42.73.83.13.52.30.71.90.8
ROA
ROA%
0.52.22.31.91.81.40.40.80.6
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