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Sify Technologies Limited (SIFY) Financials

SIFY
FY2026 annual
Revenue $474.0M +1.7% YoY
Net Income -$15.0M -63.6% YoY
Free Cash Flow -$50.0M -74.9% YoY
Operating Cash Flow $76.0M -24.8% YoY
Market Cap $930.8M as of Oct 10, 2026
Price / Sales 2.0x on $474.0M revenue, FY2026
Price / Earnings n/m net loss, so no earnings multiple, FY2026
Price / Book 4.0x on $235.2M equity, Q3 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 26, 2026 Reported Currency USD FYE June

Newest figures come from the 20-F for FY2026, filed Jun 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SIFY SEC filings page.

Sify Technologies Limited (SIFY) reported $474.0M in revenue for fiscal year 2026, up 1.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SIFY FY2026

Revenue is still expanding, but heavy reinvestment and worsening losses leave the business reliant on financing while short-term flexibility tightens.

The central tension is that operating cash flow remains positive even as accounting earnings are negative, yet capital expenditures still exceed that cash generation. In FY2026, this combination produced negative free cash flow, showing that investment spending has not yet translated into reported profitability.

Revenue increased from $356M in FY2022 to $474M in FY2026, but that expansion has not translated into earnings. Net margin moved from 4.7% to -3.2%, indicating that the cost structure or revenue mix absorbed the benefit of scale.

The balance sheet became larger while short-term flexibility weakened: total assets rose from $621M to $958M, while the current ratio fell from 1.0x to 0.7x. FY2026 liabilities of $758M were nearly four times equity of $200M, and the share count more than doubled by FY2025, linking expansion with substantial external capital needs.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 25 / 100
Financial Health Score 25/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Sify Technologies Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Not available for Sify Technologies Limited, and counted as zero in the overall score.

Growth
51

Sify Technologies Limited's revenue grew a modest 1.7% year-over-year to $474.0M. This slow but positive growth earns a score of 51/100.

Leverage
76

Sify Technologies Limited carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
9

Sify Technologies Limited's current ratio of 0.74 is below the typical benchmark, resulting in a score of 9/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
12

While Sify Technologies Limited generated $76.0M in operating cash flow, capex of $126.0M consumed most of it, leaving -$50.0M in free cash flow. This results in a low score of 12/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Not available for Sify Technologies Limited, and counted as zero in the overall score.

Piotroski F-Score Partial
4/8

Sify Technologies Limited passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
N/A

Sify Technologies Limited reported a net loss of $15.0M while generating $76.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q3 2025.

Cash & Balance Sheet

Cash & Debt
$58.4M
YoY+18.6%
QoQ+18.6%

Sify Technologies Limited held $58.4M in cash against $42.3M in long-term debt as of Q3 2025.

Shares Outstanding
434M

Sify Technologies Limited had 434M shares outstanding in Q3 2025.

Free Cash Flow

Not reported for Q3 2025.

Dividends Per Share

Not reported for Q3 2025.

Margins & Returns

None of these metrics is reported for Q3 2025.

Capital Allocation

None of these metrics is reported for Q3 2025.

SIFY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SIFY quarterly income statement
MetricQ3'2510-KQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-KQ3'1910-KQ3'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

SIFY Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SIFY quarterly balance sheet
MetricQ3'2510-KQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-KQ3'1910-KQ3'1810-K
Total Assets$971.9M+14.2%$851.4M+21.9%$698.2M+12.5%$620.9M+24.5%$498.8M+9.8%$454.4M+5.0%$432.8M+15.1%$376.1M
Current Assets$310.3M+6.9%$290.3M+6.9%$271.5M-6.5%$290.3M+24.0%$234.1M+6.0%$220.8M-10.7%$247.3M+14.4%$216.3M
Cash & Equivalents$58.4M+18.6%$49.2M+10.9%$44.4M-11.0%$49.9M-28.1%$69.4M+125.6%$30.8M+9.9%$28.0M-8.7%$30.6M
Inventory$46.3M+13.7%$40.7M+72.3%$23.6M-25.6%$31.8M+65.0%$19.2M+11.4%$17.3M-30.3%$24.8M+149.7%$9.9M
Accounts Receivable$173.4M+2.5%$169.2M-4.8%$177.8M-4.2%$185.5M+40.2%$132.3M-17.4%$160.1M-12.3%$182.6M+10.8%$164.7M
Goodwill$8.1M+5.8%$7.7M+1.7%$7.6M-9.5%$8.4M-11.4%$9.4M+4.8%$9.0M+8.2%$8.3M-6.9%$9.0M
Total Liabilities$736.7M+16.1%$634.6M+29.6%$489.7M+13.9%$429.9M+34.5%$319.7M+5.2%$303.8M+9.7%$277.0M+16.5%$237.7M
Current Liabilities$323.2M+14.1%$283.4M+5.6%$268.4M-3.6%$278.4M+20.9%$230.2M+5.2%$218.9M+4.9%$208.7M+11.1%$187.8M
Non-Current Liabilities$413.5M+17.7%$351.2M+58.7%$221.3M+46.0%$151.5M+69.4%$89.5M+5.3%$84.9M+24.5%$68.3M+37.0%$49.8M
Long-Term Debt$42.3M+32.3%$31.9M+40.7%$22.7M+0.3%$22.6M-6.2%$24.1M+23.7%$19.5MN/AN/A
Total Equity$235.2M+8.5%$216.8M+3.9%$208.5M+9.2%$191.0M+6.6%$179.1M+18.9%$150.6M-3.4%$155.8M+12.5%$138.5M
Retained Earnings-$91.2M-14.7%-$79.5M+3.8%-$82.6M+16.1%-$98.5M+17.0%-$118.7M+12.8%-$136.1M+12.4%-$155.2M+12.6%-$177.6M

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

SIFY Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SIFY quarterly cash flow statement
MetricQ3'2510-KQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-KQ3'1910-KQ3'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

SIFY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SIFY quarterly financial ratios
MetricQ3'2510-KQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-KQ3'1910-KQ3'1810-K
Current Ratio0.96-0.1x1.020.0x1.010.0x1.040.0x1.020.0x1.01-0.2x1.190.0x1.15
Debt-to-Equity0.180.0x0.150.0x0.110.0x0.120.0x0.130.0x0.13-1.6x1.78+0.1x1.72

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.74), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Sify Technologies Limited SIFY FY2026 $474.0M -$15.0M -3.2% $930.8M 25/100
Cable One, Inc. CABO FY2025 $1.5B -$357.3M -23.8% $63.2M 33/100
Shenandoah Telecom Co SHEN FY2025 $357.9M -$32.9M -9.2% $576.1M 28/100
Altice USA, Inc. ATUS FY2025 $8.6B -$1.8B -21.3% $841.0M 27/100
Liberty Latin America Ltd. LILAK FY2025 $4.4B -$611.2M -13.8% $1.6B 30/100
Liberty Latin America Ltd. LILA FY2025 $4.4B -$611.2M -13.8% $1.6B 30/100

Frequently Asked Questions

What is Sify Technologies Limited's annual revenue?

Sify Technologies Limited (SIFY) reported $474.0M in total revenue for fiscal year 2026. This represents a 1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Sify Technologies Limited's revenue growing?

Sify Technologies Limited (SIFY) revenue grew by 1.7% year-over-year, from $466.1M to $474.0M in fiscal year 2026.

Is Sify Technologies Limited profitable?

No, Sify Technologies Limited (SIFY) reported a net income of -$15.0M in fiscal year 2026, with a net profit margin of -3.2%.

As of fiscal year 2026, Sify Technologies Limited (SIFY) had $43.0M in cash and equivalents against $36.0M in long-term debt.

Sify Technologies Limited (SIFY) had a net profit margin of -3.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Sify Technologies Limited (SIFY) has a return on equity of -7.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Sify Technologies Limited (SIFY) recorded an outflow of $50.0M in free cash flow during fiscal year 2026. This represents a -74.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Sify Technologies Limited (SIFY) generated $76.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Sify Technologies Limited (SIFY) had $958.0M in total assets as of fiscal year 2026, including both current and long-term assets.

Sify Technologies Limited (SIFY) invested $126.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Sify Technologies Limited (SIFY) had 435M shares outstanding as of fiscal year 2026.

Sify Technologies Limited (SIFY) had a current ratio of 0.74 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

Sify Technologies Limited (SIFY) had a debt-to-equity ratio of 0.18 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Sify Technologies Limited (SIFY) had a return on assets of -1.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Sify Technologies Limited (SIFY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $930.8M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Sify Technologies Limited (SIFY) trades at 2.0x sales, its market capitalization divided by revenue of $474.0M revenue, FY2026. The market capitalization is $930.8M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Sify Technologies Limited (SIFY) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Sify Technologies Limited (SIFY) reported a net loss of $15.0M while generating $76.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Sify Technologies Limited (SIFY) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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