Sify Technologies Ltd. (SIFY) intrinsic value & 10-year financials

Sify Technologies Ltd. (SIFY) has a Graham intrinsic value of $0.68 per share. At $11.63 on Oct 23, 2026, the stock trades 1610% above that value. Over the last 8 fiscal years revenue grew 5.6% a year to $466.1M, with an average return on invested capital of 8.0%.

Graham intrinsic value
$0.68
Share price (Oct 23, 2026)
$11.63
Price vs Graham value
1610% above
Market cap
$2.4B
Revenue (FY2025)
$466.1M
Revenue growth (8-yr CAGR)
5.6%
ROIC (10-yr avg)
8.0%
Free cash flow (FY2025)
-$28.6M

SIFY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $466.1M -$9.2M -$0.02 -$28.6M — —
FY2024 $427.4M $587.0K $0.00 -$73.5M — —
FY2023 $406.3M $8.2M $0.04 -$39.9M — —
FY2022 $356.5M $16.6M $0.09 -$60.1M — —
FY2021 $330.9M $20.8M $0.11 $58.7M — —
FY2020 $304.5M $9.4M $0.05 $13.0M — 6.0%
FY2019 $311.5M $15.4M $0.10 -$34.0M — 9.9%
FY2018 $318.0M $14.2M $0.09 $6.9M — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SIFY TECHNOLOGIES LTD has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.

SIFY TECHNOLOGIES LTD returns on capital have been average, hovering around 8.0% ROIC over the decade.

Over the decade, SIFY TECHNOLOGIES LTD shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SIFY TECHNOLOGIES LTD is modeled at 5.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.68 per share.

SIFY stock: frequently asked questions

What is the intrinsic value of Sify Technologies Ltd. (SIFY) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 5.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SIFY's intrinsic value is about $0.68 per share.

Is SIFY stock undervalued?

At $11.63 (close on Oct 23, 2026), SIFY trades 1610% above its Graham value of $0.68. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Sify Technologies Ltd. grown?

Revenue went from $318.0M in fiscal 2018 to $466.1M in fiscal 2025, a compound annual growth rate of 5.6%. Net income was -$9.2M in fiscal 2025.

Does Sify Technologies Ltd. generate free cash flow?

Sify Technologies Ltd. generated -$28.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 8 reported years.

What is SIFY's return on invested capital?

Average ROIC over the last 8 fiscal years was 8.0%, and average return on equity was 8.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SIFY data come from?

From Sify Technologies Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 26, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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