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 ₹ 3,547 Cr.
- Current Price ₹ 1,288
- High / Low ₹ 1,930 / 996
- Stock P/E 17.4
- Book Value ₹ 272
- 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 21.4% 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 | 1,319 | |
| 42 | 105 | 152 | 253 | 208 | 217 | 241 | 250 | 399 | 551 | 664 | 810 | 1,059 | |
| Operating Profit | 14 | 9 | 52 | 22 | 36 | 44 | 59 | 61 | 56 | 145 | 125 | 196 | 261 |
| OPM % | 25% | 8% | 25% | 8% | 15% | 17% | 20% | 20% | 12% | 21% | 16% | 20% | 20% |
| 0 | 1 | 1 | -190 | 2 | 29 | 19 | 13 | 14 | 13 | 26 | -5 | 32 | |
| Interest | 0 | 1 | 2 | 5 | 8 | 3 | 4 | 4 | 3 | 2 | 2 | 2 | 3 |
| Depreciation | 2 | 5 | 8 | 5 | 2 | 3 | 10 | 10 | 13 | 19 | 22 | 26 | 22 |
| Profit before tax | 12 | 5 | 43 | -178 | 28 | 67 | 65 | 60 | 54 | 137 | 126 | 163 | 268 |
| 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 | 200 | |
| 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 | 72.99 |
| 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: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 19% |
| 3 Years: | 54% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 28% |
| 3 Years: | 14% |
| 1 Year: | -18% |
| 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 |
| Free Cash Flow | 4 | -71 | 91 | -32 | 11 | 91 | 87 | 59 | 31 | 109 | 67 | -28 |
| CFO/OP | 76% | -217% | 216% | -57% | 43% | 255% | 167% | 118% | 94% | 106% | 91% | 9% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Active Clients Number |
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| Geographic Revenue Share - North America/USA % |
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| Revenue Contribution - Top 10 Clients % |
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| DSO (Days Sales Outstanding) Days |
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| Revenue from Digital Engineering Services (Development) % |
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Extracted by Screener AI
Documents
Announcements
- Record Date For Issue Of Equity Shares Pursuant To Scheme Of Amalgamation 5 May
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Update On Board Meeting Pursuant To The Merger Order.
5 May - Cigniti-Coforge amalgamation became effective on May 5, 2026; Cigniti dissolved, results meeting cancelled.
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Update On Effective Date Of The Scheme Of Amalgamation Of Cigniti Technologies Limited And Coforge Limited Under Sections 230 To 232 Of The Companies Act, 2013 Sanctioned By The Hon'Ble National Company Law Tribunal, Chandigarh Bench ('NCLT')
5 May - Cigniti amalgamation with Coforge became effective on May 5, 2026; Cigniti dissolved, appointed date April 1, 2025.
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Pronouncement Of Order Approving Scheme Of Amalgamation Under Sections 230 To 232 Of The Companies Act, 2013 By The Hon'Ble National Company Law Tribunal, Chandigarh Bench ('NCLT')
1 May - NCLT sanctioned Cigniti’s amalgamation with Coforge; appointed date April 1, 2025.
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Board Meeting Intimation for Board Meeting Intimation
29 Apr - Board meeting on May 5, 2026 to approve Q4 and FY2026 financial results.
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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Aug 2023TranscriptPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Jan 2021Transcript PPT
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Nov 2020Transcript PPT
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Sep 2020TranscriptPPT
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Aug 2020Transcript PPT
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May 2020TranscriptPPT
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May 2020Transcript PPT
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Feb 2020TranscriptPPT
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Jan 2020Transcript PPT
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Nov 2019Transcript PPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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Mar 2019TranscriptPPT
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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]