Sify Technologies Limited (SIFY) Key Metrics
SIFY key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · Indian rupeesSIFY returns How much profit the business earns on the capital it uses.
SIFY financial health Debt, liquidity and how easily interest is covered.
SIFY efficiency & capital use Working capital cycle and where the cash goes.
SIFY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SIFY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SIFY cash returned to shareholders
SIFY key metrics in Indian rupees
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −8.1% | −4.1% | 1.0% | 4.3% | 9.3% | 12.5% | 6.4% | 10.8% | 10.7% | 8.1% |
| Return on invested capital (ROIC) | 3.8% | 3.6% | 2.9% | 5.4% | 8.0% | 11.4% | 7.0% | 11.7% | 10.6% | 8.6% |
| Return on assets (ROA) | −1.7% | −1.0% | 0.3% | 1.3% | 3.1% | 4.3% | 2.2% | 3.9% | 4.0% | 3.2% |
| Return on tangible assets | −1.6% | −1.0% | 0.2% | 1.2% | 2.8% | 4.3% | 2.1% | 3.6% | 3.9% | 3.1% |
| Free cash flow margin | −21.9% | −9.2% | −20.7% | −14.6% | −18.7% | 13.2% | 2.4% | −11.7% | 1.4% | 0.4% |
| Income quality (OCF / net income) | — | — | 29.50 | 12.36 | 1.75 | 4.55 | 7.15 | 1.35 | 2.30 | 2.72 |
| Financial health | ||||||||||
| Total debt | ₹51.70B | ₹39.51B | ₹33.54B | ₹22.93B | ₹17.46B | ₹11.74B | ₹11.16B | ₹8.31B | ₹5.79B | ₹4.92B |
| Cash & short-term investments | ₹4.97B | ₹6.30B | ₹5.39B | ₹3.65B | ₹3.78B | ₹5.10B | ₹2.32B | ₹1.93B | ₹1.99B | ₹1.62B |
| Net debt | ₹46.72B | ₹33.21B | ₹28.15B | ₹19.28B | ₹13.68B | ₹6.63B | ₹8.85B | ₹6.37B | ₹3.80B | ₹3.30B |
| Debt / equity | 3.40 | 1.96 | 1.86 | 1.34 | 1.21 | 0.89 | 0.98 | 0.77 | 0.64 | 0.60 |
| Debt / assets | 0.58 | 0.48 | 0.47 | 0.40 | 0.37 | 0.32 | 0.33 | 0.28 | 0.24 | 0.23 |
| Net debt / EBITDA | 4.48 | 4.10 | 3.84 | 2.89 | 2.17 | 1.24 | 2.08 | 1.97 | 1.23 | 1.20 |
| Current ratio | 0.73 | 0.96 | 1.02 | 1.01 | 1.04 | 1.02 | 1.01 | 1.19 | 1.15 | 1.06 |
| Quick ratio | 0.65 | 0.82 | 0.88 | 0.92 | 0.93 | 0.93 | 0.93 | 1.07 | 1.10 | 0.96 |
| Interest coverage | 0.7 | 0.8 | 1.1 | 1.6 | 190.2 | 3.0 | 126.5 | 168.4 | 3.5 | 3.0 |
| Working capital | −₹8.88B | −₹1.11B | ₹576.5M | ₹259.1M | ₹902.0M | ₹286.6M | ₹142.6M | ₹2.67B | ₹1.85B | ₹700.5M |
| Invested capital | ₹61.94B | ₹53.34B | ₹46.22B | ₹36.43B | ₹28.15B | ₹19.80B | ₹20.20B | ₹17.15B | ₹12.81B | ₹11.56B |
| Tangible asset value | ₹14.63B | ₹19.43B | ₹17.43B | ₹16.52B | ₹13.84B | ₹12.47B | ₹10.67B | ₹10.20B | ₹8.42B | ₹7.71B |
| Net current asset value | −₹49.47B | −₹36.49B | −₹28.70B | −₹17.93B | −₹10.59B | −₹6.29B | −₹6.26B | −₹2.05B | −₹1.39B | −₹1.13B |
| Capital allocation | ||||||||||
| Dividends paid | ₹0 | ₹22.5M | ₹0 | ₹0 | ₹0 | ₹0 | ₹223.6M | ₹217.9M | ₹208.7M | ₹169.7M |
| Share buybacks (net) | — | — | — | — | — | — | — | ₹0 | ₹0 | ₹0 |
| Dividend payout ratio | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 31.7% | 20.4% | 22.6% | 26.4% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 0.0% | 41.3% | — | 72.4% | 212.9% |
| Capex / revenue | 28.7% | 30.9% | 34.7% | 39.6% | 26.8% | 15.4% | 19.6% | 18.4% | 8.9% | 9.1% |
| Capex / operating cash flow | 420.3% | 142.4% | 248.4% | 158.4% | 328.5% | 53.9% | 89.3% | 275.4% | 86.4% | 95.4% |
| Capex / depreciation | 1.86 | 2.19 | 2.59 | 3.33 | 2.24 | 1.32 | 1.97 | 2.59 | 1.04 | 0.95 |
| Stock-based compensation / revenue | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.2% | 0.0% | 0.0% | 0.1% |
| SG&A / revenue | 11.6% | 13.1% | 12.7% | 11.5% | 18.0% | 18.7% | 19.7% | 22.6% | 21.2% | 21.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 106.1 | 103.3 | 110.5 | 121.5 | 128.6 | 136.4 | 156.5 | 159.8 | 139.3 | 124.0 |
| Days of inventory on hand | 34.5 | 53.9 | 43.5 | 37.1 | 35.5 | 33.7 | 38.3 | 31.7 | 24.8 | 29.6 |
| Days payables outstanding | 99.0 | 164.8 | 159.6 | 121.2 | 79.7 | 93.1 | 87.2 | 78.3 | 76.2 | 71.7 |
| Cash conversion cycle (days) | 41.7 | -7.6 | -5.5 | 37.4 | 84.4 | 77.0 | 107.7 | 113.1 | 87.9 | 81.8 |
| Receivables turnover | 3.44 | 3.53 | 3.30 | 3.00 | 2.84 | 2.68 | 2.33 | 2.28 | 2.62 | 2.94 |
| Payables turnover | 3.69 | 2.22 | 2.29 | 3.01 | 4.58 | 3.92 | 4.19 | 4.66 | 4.79 | 5.09 |
| Inventory turnover | 10.57 | 6.78 | 8.39 | 9.83 | 10.29 | 10.82 | 9.52 | 11.52 | 14.70 | 12.34 |
| Asset turnover | 0.55 | 0.52 | 0.56 | 0.64 | 0.66 | 0.69 | 0.72 | 0.79 | 0.90 | 0.92 |
| Average receivables | ₹13.73B | ₹11.29B | ₹10.79B | ₹11.12B | ₹9.68B | ₹9.09B | ₹9.84B | ₹9.43B | ₹7.89B | ₹6.26B |
| Average payables | ₹9.73B | ₹11.25B | ₹9.78B | ₹7.10B | ₹4.29B | ₹3.75B | ₹3.43B | ₹2.92B | ₹2.80B | ₹2.33B |
| Average inventory | ₹3.40B | ₹3.68B | ₹2.67B | ₹2.17B | ₹1.91B | ₹1.36B | ₹1.51B | ₹1.18B | ₹913.9M | ₹961.7M |
| Intangibles / total assets | 0.7% | 0.8% | 0.9% | 1.1% | 1.3% | 1.9% | 2.0% | 1.9% | 2.4% | 2.6% |
Computed from SIFY's annual financial statements (latest annual report filed June 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Indian rupees; data from EODHD. Averages use the opening and closing balance of each year.
SIFY valuation and financial ratios
Sify Technologies earned a return on equity of −8.1% and a return on invested capital of 3.8% in fiscal 2026. It ended the year with ₹51.7 billion of debt and ₹5.0 billion in cash and short-term investments, net debt of ₹46.7 billion.
See the SIFY income statement, the SIFY chart for price history, or the SIFY stock overview for the latest quote and news.
SIFY key metrics FAQ
What is Sify Technologies's return on equity?
Sify Technologies's return on equity (ROE) was −8.1% in fiscal 2026: net income of -₹1.4 billion on average shareholders' equity of ₹17.7 billion.
What is Sify Technologies's ROIC?
Sify Technologies's return on invested capital was 3.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sify Technologies have?
Sify Technologies had total debt of ₹51.7 billion at the end of fiscal 2026, a debt-to-equity ratio of 3.40 and ₹46.7 billion of net debt (4.48 times EBITDA).
Does Sify Technologies pay a dividend?
Sify Technologies did not pay a dividend in fiscal 2026.
What is Sify Technologies's current ratio?
Sify Technologies's current ratio was 0.73 at the end of fiscal 2026: current assets were 0.73 times current liabilities.