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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. 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%
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 (below 1: weak)
Debt/Equity 2.04 (above 2: weak)
P/E ratio 0.00
Fwd P/E 728.00 (above 35: high)
P/S ratio 0.73
P/B ratio 1.74
Past 5Y EPS Growth —
This Y EPS Growth 139.88% (at or above 15%: strong)
Next Y EPS Growth 150.00% (at or above 15%: strong)
Next Y revenue growth 69.05% (at or above 10%: strong)
Next 5Y EPS Growth (12.06%) (below 0%: weak)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 1.2×; over the ten years it ranged from 0.5× in 2017 to 12.0× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
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

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
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.

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stockrow.com/SIFY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com