Cigniti Technologies Ltd
Cigniti Technologies Ltd is engaged in providing quality engineering & software testing services to clients across various industries. It was incorporated in 1998 in Hyderabad, Telangana.[1]
- Market Cap ₹ 4,767 Cr.
- Current Price ₹ 1,736
- High / Low ₹ 1,981 / 1,033
- Stock P/E 25.0
- Book Value ₹ 273
- Dividend Yield 0.00 %
- ROCE 31.4 %
- ROE 24.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 19.1% CAGR over last 5 years
- Company's median sales growth is 15.1% of last 10 years
Cons
- Working capital days have increased from 47.9 days to 91.2 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56 | 114 | 204 | 275 | 244 | 261 | 300 | 311 | 456 | 697 | 789 | 1,007 | 1,197 | |
| 42 | 105 | 152 | 253 | 208 | 217 | 241 | 250 | 399 | 551 | 664 | 810 | 946 | |
| Operating Profit | 14 | 9 | 52 | 22 | 36 | 44 | 59 | 61 | 56 | 145 | 125 | 196 | 251 |
| OPM % | 25% | 8% | 25% | 8% | 15% | 17% | 20% | 20% | 12% | 21% | 16% | 20% | 21% |
| 0 | 1 | 1 | -190 | 2 | 29 | 19 | 13 | 14 | 13 | 26 | -5 | 30 | |
| Interest | 0 | 1 | 2 | 5 | 8 | 3 | 4 | 4 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 2 | 5 | 8 | 5 | 2 | 3 | 10 | 10 | 13 | 19 | 22 | 26 | 24 |
| Profit before tax | 12 | 5 | 43 | -178 | 28 | 67 | 65 | 60 | 54 | 137 | 126 | 163 | 255 |
| Tax % | 32% | 33% | 26% | 5% | 10% | 11% | 8% | 9% | 27% | 26% | 25% | 25% | |
| 8 | 4 | 32 | -187 | 25 | 60 | 60 | 54 | 39 | 102 | 95 | 122 | 190 | |
| EPS in Rs | 3.86 | 1.45 | 12.53 | -70.65 | 9.59 | 21.69 | 21.42 | 19.43 | 14.00 | 36.21 | 34.72 | 44.63 | 69.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 18% | 15% | 9% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 27% |
| 3 Years: | 30% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 19% |
| 3 Years: | 54% |
| TTM: | 115% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 33% |
| 3 Years: | 49% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 20% |
| 3 Years: | 23% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 25 | 26 | 27 | 27 | 28 | 28 | 28 | 28 | 27 | 27 | 27 | 28 |
| Reserves | 72 | 207 | 274 | 103 | 145 | 211 | 266 | 323 | 355 | 409 | 483 | 624 | 723 |
| 3 | 12 | 20 | 63 | 60 | 11 | 48 | 44 | 53 | 50 | 53 | 24 | 17 | |
| 21 | 21 | 61 | 48 | 47 | 40 | 46 | 51 | 68 | 98 | 113 | 134 | 264 | |
| Total Liabilities | 117 | 265 | 381 | 241 | 279 | 289 | 387 | 445 | 504 | 584 | 677 | 810 | 1,032 |
| 11 | 13 | 52 | 8 | 6 | 13 | 42 | 36 | 51 | 41 | 35 | 41 | 30 | |
| CWIP | 4 | 47 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 53 | 67 | 70 | 70 | 69 | 69 | 118 | 150 | 190 | 277 | 349 | 247 | 142 |
| 49 | 138 | 238 | 163 | 204 | 207 | 227 | 260 | 263 | 266 | 293 | 522 | 860 | |
| Total Assets | 117 | 265 | 381 | 241 | 279 | 289 | 387 | 445 | 504 | 584 | 677 | 810 | 1,032 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | -20 | 112 | -29 | 14 | 99 | 93 | 61 | 49 | 121 | 72 | -15 | |
| -43 | -105 | -129 | -10 | -3 | 2 | -135 | -43 | -44 | -55 | -43 | 111 | |
| 35 | 146 | -7 | 26 | -11 | -47 | -9 | -9 | -17 | -64 | -36 | -15 | |
| Net Cash Flow | 3 | 21 | -24 | -13 | -0 | 55 | -51 | 9 | -12 | 1 | -7 | 80 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 148 | 136 | 91 | 147 | 221 | 151 | 90 | 102 | 70 | 52 | 66 | 75 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 148 | 136 | 91 | 147 | 221 | 151 | 90 | 102 | 70 | 52 | 66 | 75 |
| Working Capital Days | 82 | 116 | -3 | 92 | 166 | 150 | 95 | 82 | 45 | 21 | 31 | 91 |
| ROCE % | 16% | 4% | 16% | 7% | 17% | 29% | 23% | 17% | 14% | 30% | 24% | 31% |
Documents
Announcements
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Update Regarding Change In Registrar And Share Transfer Agent ('RTA')
17 Nov - Company transitioning RTA to MUFG Intime; Aarthi continues until database migration completes; effective date later.
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Intimation Under Regulation 31A - Receipt Of Approval From Stock Exchanges For Re-Classification Of Promoter As Public
7 Nov - NSE and BSE approved reclassification of five promoters to public on Nov 6, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Nov - Newspaper Publication for attention of equity shareholders and unsecured creditors of the Company containing information in respect of meeting of Equity Shareholders of the Company …
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Notice Of Court Convened Unsecured Creditors Meeting On December 06, 2025
5 Nov - Unsecured creditors' meeting on Dec 6, 2025 to approve Cigniti-Coforge amalgamation.
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Court Convened Equity Shareholders Meeting On December 06, 2025
5 Nov - Shareholders' meeting on Dec 06, 2025 to approve Cigniti-Coforge amalgamation scheme via VC.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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May 2022TranscriptNotesPPT
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Feb 2019TranscriptPPT
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Nov 2018Transcript PPT
Services Offered
The company provides software testing and analysis services in the areas of Quality Assurance, Next Generation Testing, Digital Assurance, Quality Engineering, Advisory & Transformation, IP & Innovation, etc. It uses multiple solutions for automated testing like AI-driven prediction tools. [1]