NASDAQ : SIFY
Sify Technologies Limited — Financial statements
Communication Services · Telecom Services · India
Last price 12.44 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 901.09M
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Financial statements
Sify Technologies Limited (SIFY) reported revenue of 49.77B INR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 49.77B | 44.88B | 39.89B | 35.63B | 33.40B | 27.03B |
| Cost of Revenue | 29.44B | 26.05B | 24.05B | 23.92B | 22.80B | 16.04B |
| Gross Profit | 20.33B | 18.83B | 15.84B | 11.71B | 10.60B | 10.98B |
| Selling, General & Admin | 6.18B | 6.31B | 6.01B | 4.92B | 4.31B | 4.94B |
| Other Operating Expenses | 2.71B | 2.64B | 2.27B | -378.97M | -324.02M | -125.90M |
| Operating Expenses | 16.68B | 16.23B | 13.91B | 9.32B | 7.96B | 8.10B |
| Operating Income | 3.65B | 2.60B | 1.93B | 2.40B | 2.64B | 2.88B |
| Interest Expense | -4.14B | -3.72B | -2.58B | -2.20B | -1.67B | -990.26M |
| Interest & Investment Income | 417.67M | 288.67M | 447.16M | 156.26M | 50.00M | 73.58M |
| Currency Exchange Gain (Loss) | 96.28M | 96.28M | -2.60M | |||
| Other Non Operating Income (Expenses) | -227.99M | -227.99M | -100.69M | -107.83M | ||
| EBT Excluding Unusual Items | -198.59M | -969.59M | -304.85M | 352.04M | 1.02B | 1.86B |
| Impairment of Goodwill | -14.60M | |||||
| Gain (Loss) on Sale of Assets | 27.06M | 27.06M | 18.38M | 4.83M | ||
| Other Unusual Items | 1.06M | 1.06M | ||||
| Pretax Income | -144.47M | -941.47M | -286.47M | 352.04M | 1.02B | 1.85B |
| Income Tax Expense | 452.90M | 424.90M | 498.55M | 183.10M | 346.50M | 590.26M |
| Net Income | -597.37M | -1.37B | -785.02M | 168.94M | 674.52M | 1.26B |
| Net Income to Common | -597.37M | -1.37B | -785.02M | 168.94M | 674.52M | 1.26B |
| Shares Outstanding (Basic) | 72.41M | 62.19M | 30.51M | 30.47M | 30.41M | |
| Shares Outstanding (Diluted) | 72.41M | 62.27M | 30.87M | 30.95M | 31.17M | |
| EPS (Basic) | -18.87 | -12.62 | 5.54 | 22.14 | 41.36 | |
| EPS (Diluted) | -18.87 | -12.62 | 5.46 | 21.78 | 40.38 | |
| Free Cash Flow | -4.93B | -2.71B | -5.19B | -3.50B | -4.56B | |
| Free Cash Flow Per Share | -68.12 | -43.58 | -168.06 | -113.19 | -146.19 | |
| Gross Margin | 40.85% | 41.95% | 39.71% | 32.87% | 31.74% | 40.64% |
| Operating Margin | 7.33% | 5.78% | 4.84% | 6.73% | 7.91% | 10.67% |
| Profit Margin | -1.20% | -3.04% | -1.97% | 0.47% | 2.02% | 4.66% |
| Free Cash Flow Margin | -10.99% | -6.80% | -14.56% | -10.49% | -16.86% | |
| EBITDA | 9.74B | 8.50B | 6.38B | 5.98B | 6.61B | 6.18B |
| EBITDA Margin | 19.57% | 18.94% | 16.00% | 16.78% | 19.80% | 22.87% |
| D&A For EBITDA | 6.09B | 5.91B | 4.45B | 3.58B | 3.97B | 3.30B |
| EBIT | 3.65B | 2.60B | 1.93B | 2.40B | 2.64B | 2.88B |
| EBIT Margin | 7.33% | 5.78% | 4.84% | 6.73% | 7.91% | 10.67% |
| Effective Tax Rate | 52.01% | 33.94% | 31.94% | |||
| Revenue as Reported | 45.29B | 45.29B | 40.41B | 27.03B |
Balance sheet
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.10B | 5.00B | 4.11B | 3.65B | 3.78B | |
| Short-Term Investments | 1.31B | 1.29B | ||||
| Cash & Short-Term Investments | 4.10B | 6.30B | 5.39B | 3.65B | 3.78B | |
| Accounts Receivable | 12.65B | 10.89B | 10.18B | 11.40B | 10.84B | |
| Other Receivables | 16.81M | 141.39M | ||||
| Receivables | 12.66B | 11.03B | 10.18B | 11.40B | 10.84B | |
| Inventory | 2.89B | 3.96B | 3.39B | 1.94B | 2.41B | |
| Prepaid Expenses | 1.15B | 831.80M | 546.39M | 649.62M | 560.70M | |
| Restricted Cash | 440.44M | 1.19B | 792.03M | |||
| Other Current Assets | 4.04B | 2.95B | 4.25B | 3.49B | 3.63B | |
| Total Current Assets | 24.85B | 25.08B | 24.21B | 22.32B | 22.01B | |
| Property, Plant & Equipment | 52.87B | 47.75B | 39.47B | 28.00B | 21.11B | |
| Long-Term Investments | 1.41B | 1.23B | 1.20B | 1.04B | 476.05M | |
| Other Intangible Assets | 598.07M | 693.95M | 641.86M | 622.69M | 634.73M | |
| Long-Term Deferred Tax Assets | 1.46B | 1.40B | 1.20B | 865.64M | 686.19M | |
| Long-Term Deferred Charges | 4.40M | 5.80M | 9.43M | 12.16M | 20.62M | |
| Other Long-Term Assets | 9.50B | 7.19B | 4.26B | 4.54B | 2.14B | |
| Total Assets | 90.68B | 83.34B | 70.98B | 57.40B | 47.07B | |
| Accounts Payable | 7.45B | 12.16B | 10.34B | 9.23B | 4.97B | |
| Accrued Expenses | 699.83M | 325.15M | 1.60B | 1.77B | 4.11B | |
| Short-Term Debt | 11.65B | 3.45B | 3.39B | 4.32B | 5.24B | |
| Current Portion of Long-Term Debt | 3.75B | 4.03B | 3.77B | 2.34B | 2.24B | |
| Current Portion of Leases | 485.86M | 193.31M | 379.85M | 585.00M | 492.04M | |
| Current Income Taxes Payable | 24.61M | 153.44M | ||||
| Current Unearned Revenue | 4.04B | 2.82B | 2.08B | 1.97B | 1.79B | |
| Other Current Liabilities | 5.63B | 4.69B | 2.08B | 1.85B | 2.26B | |
| Total Current Liabilities | 33.74B | 27.82B | 23.63B | 22.06B | 21.10B | |
| Long-Term Debt | 29.27B | 28.22B | 23.35B | 13.82B | 7.77B | |
| Long-Term Leases | 3.42B | 3.62B | 2.66B | 1.87B | 1.72B | |
| Long-Term Unearned Revenue | 5.10B | 3.29B | 3.05B | 2.32B | 1.80B | |
| Pension & Post-Retirement Benefits | 26.45M | 47.19M | 159.95M | 129.90M | 145.00M | |
| Other Long-Term Liabilities | 193.98M | 205.50M | 53.95M | 55.88M | 60.74M | |
| Total Liabilities | 71.74B | 63.20B | 52.91B | 40.26B | 32.59B | |
| Common Stock | 4.36B | 4.35B | 1.85B | 1.84B | 1.84B | |
| Additional Paid-In Capital | 20.07B | 20.04B | 19.73B | 19.69B | 19.68B | |
| Retained Earnings | -9.06B | -7.70B | -6.63B | -6.79B | -7.47B | |
| Comprehensive Income & Other | 3.58B | 3.45B | 3.12B | 2.41B | 426.42M | |
| Shareholders' Equity | 18.94B | 20.14B | 18.07B | 17.15B | 14.48B | |
| Total Liabilities & Equity | 90.68B | 83.34B | 70.98B | 57.40B | 47.07B | |
| Total Debt | 48.57B | 39.51B | 33.54B | 22.93B | 17.46B | |
| Net Cash (Debt) | -44.47B | -33.21B | -28.15B | -19.28B | -13.68B | |
| Net Cash Per Share | -614.19 | -533.29 | -912.01 | -623.04 | -438.82 | |
| Filing Date Shares Outstanding | 72.43M | 72.35M | 30.56M | 30.47M | 30.46M | |
| Total Common Shares Outstanding | 72.43M | 72.35M | 30.56M | 30.47M | 30.46M | |
| Working Capital | -8.89B | -2.74B | 576.52M | 259.13M | 902.00M | |
| Book Value Per Share | 261.53 | 278.38 | 591.50 | 562.66 | 475.30 | |
| Tangible Book Value | 18.35B | 19.45B | 17.43B | 16.52B | 13.84B | |
| Tangible Book Value Per Share | 253.28 | 268.79 | 570.50 | 542.23 | 454.46 | |
| Land | 206.87M | 206.87M | 206.87M | 206.87M | 147.18M | |
| Buildings | 14.56B | 10.38B | 13.93B | 6.24B | 4.94B | |
| Machinery | 34.85B | 36.06B | 28.74B | 30.05B | 25.67B | |
| Construction In Progress | 7.59B | 8.59B | 12.37B | 5.30B | 2.55B | |
| Leasehold Improvements | 9.59B | 10.87B |
Cash flow statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -1.37B | -785.02M | 168.94M | 674.52M | 1.26B | |
| Depreciation & Amortization | 6.81B | 5.23B | 4.29B | 3.97B | 3.30B | |
| Other Amortization | 463.15M | 403.03M | 487.14M | -1.51M | ||
| Loss (Gain) From Sale of Assets | -27.06M | -18.38M | 419.00K | -10.78M | -4.83M | |
| Loss (Gain) From Sale of Investments | 26.49M | |||||
| Stock-Based Compensation | 56.21M | 1.88M | 7.47M | 16.49M | 22.89M | |
| Provision & Write-off of Bad Debts | 164.31M | 194.80M | 265.00M | 371.89M | 433.72M | |
| Other Operating Activities | 3.51B | 2.08B | 979.47M | 548.31M | 324.39M | |
| Change in Accounts Receivable | -1.83B | -928.49M | -455.22M | -401.78M | -4.12B | |
| Change in Inventory | 1.07B | -566.18M | -1.45B | 465.28M | -992.47M | |
| Change in Accounts Payable | -4.77B | 1.78B | 2.83B | 2.84B | 1.37B | |
| Change in Unearned Revenue | 840.92M | 706.49M | 1.28B | |||
| Change in Other Net Operating Assets | 2.91B | 994.38M | -2.02B | -1.07B | -620.02M | |
| Operating Cash Flow | 7.02B | 8.38B | 5.93B | 8.11B | 2.24B | |
| Capital Expenditures | -11.96B | -11.09B | -11.12B | -11.62B | -6.80B | |
| Sale of Property, Plant & Equipment | 27.12M | 105.18M | 2.17M | 10.78M | 4.93M | |
| Sale (Purchase) of Intangibles | -417.47M | -333.87M | ||||
| Investment in Securities | -138.34M | -240.47M | -153.64M | -546.89M | -263.90M | |
| Other Investing Activities | -697.49M | -848.05M | -1.18B | -1.20B | -199.25M | |
| Investing Cash Flow | -12.76B | -12.08B | -12.46B | -13.77B | -7.59B | |
| Short-Term Debt Issued | 8.53B | 240.61M | ||||
| Long-Term Debt Issued | 11.52B | 15.16B | 4.63B | 4.85B | 5.56B | |
| Total Debt Issued | 20.05B | 15.40B | 4.63B | 4.85B | 5.56B | |
| Long-Term Debt Repaid | -11.16B | -9.65B | -377.19M | -265.24M | -316.59M | |
| Lease Payments | -429.53M | -260.48M | -377.19M | -265.24M | -316.59M | |
| Net Debt Issued (Repaid) | 8.89B | 5.75B | 4.25B | 4.58B | 5.24B | |
| Issuance of Common Stock | 27.24M | 2.53B | 6.04B | 1.99B | 42.99M | |
| Preferred Dividends Paid | -22.50M | |||||
| Dividends Paid | -22.50M | |||||
| Other Financing Activities | -3.74B | -3.51B | -2.85B | -1.63B | -1.11B | |
| Financing Cash Flow | 5.17B | 4.75B | 7.44B | 4.94B | 4.17B | |
| Foreign Exchange Rate Adjustments | -3.11M | -500.00K | 1.23M | 1.32M | 2.36M | |
| Net Cash Flow | -573.34M | 1.05B | 919.66M | -711.04M | -1.18B | |
| Free Cash Flow | -4.93B | -2.71B | -5.19B | -3.50B | -4.56B | |
| Free Cash Flow Margin | -10.99% | -6.80% | -14.56% | -10.49% | -16.86% | |
| Free Cash Flow Per Share | -68.12 | -43.58 | -168.06 | -113.19 | -146.19 | |
| Levered Free Cash Flow | -9.61B | -1.77B | -5.08B | -6.20B | -6.22B | |
| Unlevered Free Cash Flow | -7.28B | -162.58M | -3.70B | -5.16B | -5.60B | |
| Free Cash Flow After Leases | -5.36B | -2.97B | -5.56B | -3.77B | -4.87B | |
| Cash Interest Paid | 3.74B | 3.46B | 2.85B | 1.63B | 1.11B | |
| Cash Income Tax Paid | 649.65M | 721.33M | 1.28B | 1.36B | 1.27B | |
| Change in Working Capital | -2.62B | 1.27B | -262.04M | 2.54B | -3.09B |
Ratios
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 901.09M | 925.36M | 309.11M | 230.37M | 230.26M | 544.89M |
| Enterprise Value | 1.37B | 1.32B | 667.86M | 500.84M | 441.07M | 684.18M |
| Last Close Price | 12.44 | 12.79 | 4.28 | 7.56 | 7.56 | 17.94 |
| PE Ratio | 113.62 | 28.03 | 32.87 | |||
| Forward PE | 1,501.81 | 12.04 | 12.04 | 51.83 | 12.60 | 21.36 |
| PS Ratio | 1.74 | 1.93 | 0.66 | 0.54 | 0.57 | 1.53 |
| PB Ratio | 4.58 | 1.31 | 1.06 | 1.10 | 2.86 | |
| P/TBV Ratio | 4.73 | 1.36 | 1.10 | 1.14 | 2.99 | |
| P/OCF Ratio | 12.36 | 3.15 | 3.23 | 2.33 | 18.42 | |
| PEG Ratio | 63.95 | 0.60 | 2.59 | 0.63 | 1.07 | |
| EV/Sales Ratio | 2.64 | 2.77 | 1.43 | 1.17 | 1.08 | 1.92 |
| EV/EBITDA Ratio | 13.50 | 14.61 | 8.94 | 6.98 | 5.48 | 8.40 |
| EV/EBIT Ratio | 36.02 | 47.86 | 29.59 | 17.41 | 13.71 | 18.01 |
| Debt / Equity Ratio | 2.56 | 1.96 | 1.86 | 1.34 | 1.21 | |
| Debt / EBITDA Ratio | 5.16 | 5.52 | 5.02 | 3.47 | 2.82 | |
| Net Debt / Equity Ratio | 2.35 | 1.65 | 1.56 | 1.12 | 0.94 | |
| Net Debt / EBITDA Ratio | 5.23 | 5.20 | 4.71 | 2.92 | 2.21 | |
| Net Debt / FCF Ratio | -9.02 | -12.24 | -5.43 | -5.50 | -3.00 | |
| Asset Turnover | 0.52 | 0.52 | 0.56 | 0.64 | 0.65 | |
| Inventory Turnover | 7.60 | 6.54 | 8.97 | 10.48 | 8.39 | |
| Quick Ratio | 0.50 | 0.62 | 0.66 | 0.68 | 0.69 | |
| Current Ratio | 0.74 | 0.90 | 1.02 | 1.01 | 1.04 | |
| Return on Equity (ROE) | -6.99% | -4.11% | 0.96% | 4.27% | 9.10% | |
| Return on Assets (ROA) | 1.86% | 1.56% | 2.33% | 3.16% | 4.30% | |
| Return on Invested Capital (ROIC) | 4.45% | 3.87% | 2.78% | 5.41% | 8.18% | |
| Return on Capital Employed (ROCE) | 4.60% | 3.50% | 5.10% | 7.50% | 11.10% | |
| Earnings Yield | -0.69% | -1.57% | -2.97% | 0.88% | 3.57% | 3.04% |
| FCF Yield | -6.69% | -5.68% | -10.27% | -27.03% | -18.52% | -11.02% |
| Buyback Yield / Dilution | -16.29% | -101.73% | 0.26% | 0.72% | -3.20% | |
| Total Shareholder Return | -16.29% | -101.73% | 0.26% | 0.72% | -3.20% |