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Sify Technologies Limited

SIFY Communication Services Telecom Services

Sify Technologies Limited’s revenue for fiscal 2026 (year ended March 2026) was $474.0 million, up 1.70% from fiscal 2025.

Revenue
+21.8%
EPS
−269.9%
Free cash flow
+32.1%

Quarter to September 2026, against a year earlier

12.42 0.86 −6.48%
Market cap
$909.0M
P/E
0.0×
Fwd P/E
622×
Dividend yield
—
F-score
5/9
Altman Z
0.65
Beneish M
−3.09
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.26%

Capital & Financial Ratios $m

Size
Market Cap 909.00
Revenue ttm 505.35
Net income ttm 31.00
Free cash flow ttm (108.58)
Net debt Q 352.00
Valuation
P/E 0.00
Forward P/E 622.00 (above 35: high)
Price / sales 1.78
Forward P/S Powerpack
Price / FCF 0.00
Price / book 4.50
Financial health
Current ratio Q 0.74 (below 1: weak)
Debt / equity Q 2.04 (above 2: weak)
Interest coverage Q 1.04
Growth
Revenue growth Q +21.75% (above 0%: growing)
Operating income growth Q +55.40% (above 0%: growing)
EPS, this year +119.82% (at or above 15%: strong)
EPS, next year A +100.00% (at or above 15%: strong)
Revenue, next year A +78.44% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −12.06% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 0.6×; over the ten years it ranged from 0.2× in 2017 to 3.3× in 2026.
P/S against its own 10 years 90.94%
10-year low 10-year high
P/B against its own 10 years 92.67%
10-year low 10-year high
EV/Sales against its own 10 years 90.14%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–24
−100.0%/yr
  1. 0.09 ’16
  2. 0.11 ’17 +25
  3. 0.11 ’18 −5
  4. 0.10 ’19 −1
  5. 0.00 ’21 −100
  6. 0.00 ’22
  7. 0.00 ’23
  8. 0.00 ’24
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 59 70 79 55
Receivables 178 169 173 134
Inventory 24 41 46 31
Other 10 9 10 43
272 290 310 263
2023 2024 2025 2026
Payables 156 168 201 79
ST’ Debt 69 80 84 162
Other 24 25 33 75
268 283 323 356

Compound Annual Growth %

10y 5y 3y
Sales 7.66% 7.46% 5.27%
Cash Flow 7.51% (4.32%) (9.17%)
Earnings 0.00% 0.00% 0.00%
Book Value 5.87% 2.23% (1.38%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.00 Actual 0.00

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2022 0.12 0.00 Miss by 0.12
Sep 2026 0.00 0.00 Met by 0.00
Dec 2026 0.00 — Reports 11 January 2027

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 (0.05) — (0.04) — (0.49)
’25 (0.08) — 0.02 — (0.15)
’24 0.03 — 0.01 — 0.07
’23 0.22 — 0.04 — 0.27
’22 0.38 — 0.15 0.18 0.53
’21 — — 0.12 — 0.69
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 131 145 — — —
’26 125 119 130 100 474
’25 113 123 124 107 466
’24 104 106 104 113 427
’23 100 97 109 100 406
’22 88 94 90 84 357
’21 70 80 86 94 331
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 76
’25 — — — — 101
’24 — — — — 60
’23 — — — — 101
’22 — — — — 30
’21 — — — — 95
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 (50) — 15 — (50)
’25 (27) — (46) — (27)
’24 (74) — (30) — (74)
’23 (45) — (22) — (45)
’22 (64) — (32) — (64)
’21 — — 27 — 54
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 284 318 312 304 331 357 406 427 466 474 505 +5.8% 846 997 1,189 +35.9%
Gross margin, % 35.60 35.05 36.87 37.41 39.54 40.64 36.00 37.20 37.53 40.08 39.15 +4.5 pt
EBT 10 14 15 14 22 24 12 4 (3) (11) (2) n/m
EBT margin, % 3.49 4.46 4.97 4.44 6.58 6.84 3.06 0.99 (0.72) (2.32) (0.45) (5.8) pt
Net income 10 14 15 9 21 17 8 2 26 31 31 +13.5%
Per share, $
Per share, $ Revenue 11.80 12.68 12.11 10.19 11.06 11.72 13.33 14.01 7.49 15.54 0.00 +3.1%
Earnings 0.42 0.54 0.60 0.31 0.69 0.55 0.27 0.07 (0.15) (0.49) (0.15) n/m
Cash flow 1.12 1.30 0.81 2.24 3.17 0.97 3.33 1.96 1.62 2.49 3.68 +9.3%
Capex (1.07) (1.12) (2.23) (1.95) (1.35) (3.09) (4.80) (4.37) (2.06) (4.13) (5.18) +16.2%
Free cash flow 0.05 0.18 (1.42) 0.29 1.82 (2.12) (1.47) (2.41) (0.44) (1.64) (1.50) n/m
Book value 5.29 5.52 6.06 5.04 5.98 6.28 6.84 7.11 3.78 6.56 2.76 +2.4%
Shares, m 24 25 26 30 30 30 30 31 62 31 67 +2.7%
Valuation, ×
Valuation, × P/E 2.94 5.41 3.63 2.15 4.93 3.54 1.51 4.25 0.00 0.00 0.00 2.8
P/S 0.09 0.20 0.14 0.07 0.33 0.26 0.09 0.09 0.66 1.95 1.78 0.4
P/B 0.19 0.39 0.32 0.15 0.60 0.48 0.18 0.18 1.32 4.63 4.50 0.8
EV/Sales 0.21 0.27 0.27 0.42 0.58 0.64 0.53 0.77 1.38 2.70 2.48 0.8
EV/FCF 1.11 2.33 11.47 (8.37) 27.88 (3.04) (1.33) (1.84) (3.33) (10.30) (10.08) 1.5
Cash, $m
Cash, $m Operating cash flow 27 33 21 67 95 30 101 60 101 76 267 +12.2%
Capex (26) (28) (57) (58) (40) (94) (146) (133) (128) (126) (375) +19.3%
Free cash flow 1 4 (36) 9 54 (64) (45) (74) (27) (50) (109) n/m
Balance, $m
Balance, $m Working capital 11 28 39 2 4 12 3 7 (13) (93) (93) n/m
Net debt 26 20 64 92 53 136 179 290 334 352 352 +33.3%
Shareholders’ equity 127 138 156 151 179 191 209 217 235 200 200 +5.1%
Returns, %
Returns, % ROA 3.23 4.01 3.82 2.11 4.37 2.96 1.24 0.26 (1.01) (1.55) 0.00 (4.8) pt
ROIC 6.00 7.83 7.20 6.43 8.75 7.27 4.79 3.21 2.89 3.51 0.00 (2.5) pt
ROE 8.24 10.68 10.50 6.11 12.64 8.97 4.11 0.95 (4.06) (6.89) 0.00 (15.1) pt
People
People Employees 2,318 2,608 2,655 2,794 2,838 3,641 4,439 4,319 4,406 4,831 — +8.5%
Revenue/emp, $m 0.12 0.12 0.12 0.11 0.12 0.10 0.09 0.10 0.11 0.10 — (2.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Sify Technologies Limited vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LILAK Liberty Global PLC $1.7B — (loss-making) — (loss-making) +2.14% (above 0%: growing) n/m +9.80% (above 0%: growing) 77.74% 16.85% Compare
LILA Liberty Latin America Ltd. $1.7B — (loss-making) — (loss-making) +0.44% (above 0%: growing) n/m −21.07% (below 0%: shrinking) 0.00% 16.21% Compare
ATEX Anterix Inc. $1.3B 19.6× — (loss-making) +38.08% (above 0%: growing) −99.26% (below 0%: shrinking) +33.94% (above 0%: growing) 100.00% (12.56%) Compare
TEO Telecom Argentina Stet - France Telecom S.A. $1.3B 8.2× — +4.09% (above 0%: growing) n/m +51.10% (above 0%: growing) 96.80% 14.01% Compare
TV Grupo Televisa S.A. $1.2B — (loss-making) — (loss-making) +3.77% (above 0%: growing) n/m +17,441.71% (above 0%: growing) 38.05% 4.84% Compare
GLIBA Liberty Capital Corporation $993.7M 12.0× 8.7× +3.89% (above 0%: growing) n/m −90.48% (below 0%: shrinking) 49.06% 13.48% Compare
GLIBK GCI Liberty, Inc. - Series C GCI Group $988.0M 12.3× — +3.89% (above 0%: growing) n/m −90.48% (below 0%: shrinking) 49.06% 13.48% Compare
SIFY Sify Technologies Limited $909.0M — (loss-making) 622× +21.75% (above 0%: growing) n/m +32.06% (above 0%: growing) 36.26% 8.58%
SHEN Shenandoah Telecommunications Co $538.2M — (loss-making) — (loss-making) +4.61% (above 0%: growing) n/m +20.25% (above 0%: growing) 64.96% (2.10%) Compare
Median of peers $1.2B 12.1× — +3.89% — +15.03% 57.01% 13.48%

All 55 Telecom Services stocks →

Sify Technologies Limited (SIFY) Latest News

30 Oct

Impact 4 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool

28 Oct

Impact 3 · · GlobeNewswire earnings

21 Oct

Impact 3 · · GlobeNewswire

15 Jul

Impact 4 · transcript
Impact 3 · · GlobeNewswire earnings
Impact 3 ·

24 Apr

Impact 4 · · Insider Monkey

20 Apr

Impact 3 ·

14 Apr

Impact 4 · · GuruFocus.com

13 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire

27 Feb

Impact 3 · · Simply Wall St.Simply Wall St.

16 Feb

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

26 Jan

Impact 4 · · Simply Wall St.

13 Jan

Impact 4 · · GuruFocus.com transcript
Impact 4 · · MarketBeat transcript

12 Jan

Impact 4 · · GlobeNewswire
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

5 Jan

Impact 3 · · GlobeNewswire

22 Dec

Impact 3 · · MT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires

5 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

3 Dec

Impact 3 · · Reuters
stockrow.com/SIFY · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com