Saturday 17 October 2026 Export SIFY’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 4.36%, EPS fell 8,929.4% and free cash flow grew 32.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

11.43 0.32 −2.72%

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Market cap: $851.1M
P/E: 0.0×
Fwd P/E: 728×
Dividend yield: —
F-score: 5/9
Altman Z: 0.65
Beneish M: −3.09
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 851.05

Revenue 479.47

Net Income 31.00

Free Cash Flow (108.58)

Net Debt 352.00

Current Ratio 0.74

Debt/Equity 2.04

P/E ratio 0.00

Fwd P/E 728.00

P/S ratio 0.73

P/B ratio 1.74

Past 5Y EPS Growth —

This Y EPS Growth 139.88%

Next Y EPS Growth 150.00%

Next Y revenue growth 69.05%

Next 5Y EPS Growth (12.06%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 34.98%

10-year low 10-year high

P/B against its own 10 years 48.43%

10-year low 10-year high

EV/Sales against its own 10 years 64.65%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	0.10	0.10
2018	0.11	0.11
2017	0.11	0.11
2016	0.09	0.09

special payouts not included in total or ratios

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%)

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	131	—	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	(0.44)	—	(0.04)	—	(0.49)
’25	(0.15)	—	0.00	—	(0.15)
’24	0.01	—	0.01	—	0.01
’23	0.22	—	0.04	—	0.27
’22	0.38	—	0.15	0.03	0.53
’21	—	—	0.12	—	0.69

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	4.14	6.90	6.60	3.36	7.62	6.30	6.42	1.80	2.85	11.12	Analyst estimates 2027–2029 Powerpack
	High	13.02	18.90	10.20	8.88	35.34	21.18	20.22	11.40	17.85	17.85
People
People	Employees	2,318	2,608	2,655	2,794	2,838	3,641	4,439	4,319	4,406	4,831
	Revenue/emp, $m	0.12	0.12	0.12	0.11	0.12	0.10	0.09	0.10	0.11	0.10
Income, $m
Income, $m	Revenue	284	318	312	304	331	357	406	427	466	474
	Gross margin, %	35.60	35.05	36.87	37.41	39.54	40.64	36.00	37.20	37.53	40.08
	EBT	10	14	15	14	22	24	12	4	(3)	(11)
	EBT margin, %	3.49	4.46	4.97	4.44	6.58	6.84	3.06	0.99	(0.72)	(2.32)
	Net income	10	14	15	9	21	17	8	2	26	31
	Depreciation	27	27	22	30	39	44	48	57	66	77
Per share, $
Per share, $	Revenue	11.80	12.68	12.11	10.19	11.06	11.72	13.33	2.34	7.49	15.54
	Earnings	0.42	0.54	0.60	0.31	0.69	0.55	0.27	0.01	(0.15)	(0.49)
	Cash flow	1.12	1.30	0.81	2.24	3.17	0.97	3.33	0.33	1.62	2.49
	Capex	(1.07)	(1.12)	(2.23)	(1.95)	(1.35)	(3.09)	(4.80)	(0.73)	(2.06)	(4.13)
	Free cash flow	0.05	0.18	(1.42)	0.29	1.82	(2.12)	(1.47)	(0.40)	(0.44)	(1.64)
	Book value	5.29	5.52	6.06	5.04	5.98	6.28	6.84	1.18	3.78	6.56
	Shares, m	24	25	26	30	30	30	30	183	62	31
Valuation, ×
Valuation, ×	P/E	17.64	32.44	21.80	18.06	97.87	30.12	11.00	27.84	0.00	0.00
	P/S	0.56	1.18	0.86	0.42	11.71	1.53	0.57	3.34	0.57	0.82
	P/B	1.11	2.33	1.92	0.90	21.44	2.86	1.10	6.59	1.13	1.95
	EV/Sales	0.68	1.25	0.99	0.77	11.97	1.91	1.01	4.02	1.29	1.57
	EV/FCF	3.59	10.70	41.38	(15.32)	571.50	(9.13)	(2.51)	(9.61)	(3.11)	(5.98)
Cash, $m
Cash, $m	Operating cash flow	27	33	21	67	95	30	101	60	101	76
	Capex	(26)	(28)	(57)	(58)	(40)	(94)	(146)	(133)	(128)	(126)
	Free cash flow	1	4	(36)	9	54	(64)	(45)	(74)	(27)	(50)
Balance, $m
Balance, $m	Working capital	11	28	39	2	4	12	3	7	(13)	(93)
	Total debt	55	55	97	127	128	196	238	360	413	407
	Net debt	26	20	64	92	53	136	179	290	334	352
	Shareholders’ equity	127	138	156	151	179	191	209	217	235	200
Returns, %
Returns, %	ROA	3.23	4.01	3.82	2.11	4.37	2.96	1.24	0.26	(1.01)	(1.55)
	ROIC	6.00	7.83	7.20	6.43	8.75	7.27	4.79	3.21	2.89	3.51
	ROE	8.24	10.68	10.50	6.11	12.64	8.97	4.11	0.95	(4.06)	(6.89)

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ATEX Anterix Inc.	$1.7B	22.8×	— (loss-making)	+38.08% (above 0%: growing)	−99.26% (below 0%: shrinking)	+33.94% (above 0%: growing)	100.00%	(12.56%)	Compare
LILAK Liberty Global PLC	$1.6B	— (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.	$1.6B	— (loss-making)	— (loss-making)	+1.46% (above 0%: growing)	n/m	+4,952.63% (above 0%: growing)	38.38%	16.43%	Compare
TEO Telecom Argentina Stet - France Telecom S.A.	$1.6B	10.7×	—	+4.09% (above 0%: growing)	n/m	+51.10% (above 0%: growing)	96.80%	14.01%	Compare
TV Grupo Televisa S.A.	$1.3B	— (loss-making)	— (loss-making)	+8.73% (above 0%: growing)	n/m	+17,441.71% (above 0%: growing)	38.75%	11.00%	Compare
SIFY Sify Technologies Limited	$851.1M	— (loss-making)	728×	+4.36% (above 0%: growing)	n/m	+32.06% (above 0%: growing)	39.59%	9.03%
GLIBK GCI Liberty, Inc. - Series C GCI Group	$822.1M	— (loss-making)	—	0.00%	−57.45% (below 0%: shrinking)	−77.36% (below 0%: shrinking)	47.51%	11.11%	Compare
GLIBA Liberty Capital Corporation	$818.6M	— (loss-making)	6.5×	0.00%	−57.45% (below 0%: shrinking)	−77.36% (below 0%: shrinking)	47.51%	11.11%	Compare
SHEN Shenandoah Telecommunications Co	$566.4M	— (loss-making)	— (loss-making)	+5.53% (above 0%: growing)	n/m	+30.29% (above 0%: growing)	65.01%	(1.09%)	Compare
Median of peers	$1.4B	—	—	+3.11%	−57.45%	+32.12%	56.26%	11.11%

All 55 Telecom Services stocks →

Sify Technologies Limited (SIFY) key facts

Strength: Sify Technologies Limited’s revenue for fiscal 2026 (year ended March 2026) was $474.0 million, up 1.70% from fiscal 2025.
Sify Technologies Limited (SIFY) is a Telecom Services company in the Communication Services sector, traded in the US as an ADR.
As of October 16, 2026, SIFY traded at $11.43, a market capitalization of $851.1 million.
Return on equity was −6.89% and debt-to-equity 2.04.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.65 (distress zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.