Cigniti Technologies Ltd

Cigniti Tech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Cigniti Technologies Ltd

₹ 1,226 -0.41%
19 Apr - close price
cigniti.com BSE: 534758 NSE : CIGNITITEC
About

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]

Key Points

Services Offered
The company provides various 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]

Website BSE NSE
  • Market Cap ₹ 3,346 Cr.
  • Current Price ₹ 1,226
  • High / Low ₹ 1,352 / 758
  • Stock P/E 29.1
  • Book Value ₹ 175
  • Dividend Yield 0.24 %
  • ROCE 30.2 %
  • ROE 24.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 32.0% CAGR over last 5 years
  • Debtor days have improved from 74.6 to 52.3 days.
  • Company's median sales growth is 34.5% of last 10 years
  • Company's working capital requirements have reduced from 75.5 days to 45.3 days

Cons

  • Promoter holding has decreased over last quarter: -0.69%
  • Promoter holding is low: 32.8%

* 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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
79 85 94 116 121 125 152 173 184 188 190 196 203
65 68 85 103 100 111 129 135 141 146 154 157 164
Operating Profit 13 16 9 13 21 14 23 37 44 41 36 39 39
OPM % 17% 19% 9% 11% 17% 11% 15% 22% 24% 22% 19% 20% 19%
4 1 4 4 2 4 2 3 5 3 5 5 7
Interest 1 1 1 1 1 1 1 0 1 0 0 0 1
Depreciation 3 3 3 3 4 4 5 5 5 5 5 5 6
Profit before tax 14 14 10 13 18 13 20 35 43 39 36 39 39
Tax % 12% 6% 26% 24% 27% 32% 24% 26% 27% 26% 26% 24% 25%
13 13 7 10 13 9 15 26 32 29 27 29 30
EPS in Rs 4.58 4.61 2.56 3.43 4.74 3.27 5.35 9.29 11.27 10.31 9.66 10.73 10.81
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
10 24 56 114 204 275 244 261 300 311 456 697 777
9 20 42 105 152 253 208 217 241 250 399 551 621
Operating Profit 2 3 14 9 52 22 36 44 59 61 56 145 156
OPM % 17% 14% 25% 8% 25% 8% 15% 17% 20% 20% 12% 21% 20%
0 0 0 1 1 -190 2 29 19 13 14 13 20
Interest 0 0 0 1 2 5 8 3 4 4 3 2 2
Depreciation 1 1 2 5 8 5 2 3 10 10 13 19 21
Profit before tax 1 2 12 5 43 -178 28 67 65 60 54 137 153
Tax % 32% 31% 32% 33% 26% -5% 10% 11% 8% 9% 27% 26%
0 1 8 4 32 -187 25 60 60 54 39 102 115
EPS in Rs 0.23 0.63 3.86 1.45 12.53 -70.65 9.59 21.69 21.42 19.43 14.00 36.21 41.51
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 13% 18% 15%
Compounded Sales Growth
10 Years: 40%
5 Years: 23%
3 Years: 32%
TTM: 23%
Compounded Profit Growth
10 Years: 56%
5 Years: 32%
3 Years: 19%
TTM: 40%
Stock Price CAGR
10 Years: 12%
5 Years: 27%
3 Years: 45%
1 Year: 54%
Return on Equity
10 Years: 16%
5 Years: 20%
3 Years: 18%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 19 21 25 26 27 27 28 28 28 28 27 27
Reserves 20 32 72 207 274 103 145 211 266 323 355 409 452
2 1 3 12 20 63 60 11 48 44 53 50 54
5 3 21 21 61 48 47 40 46 51 68 98 93
Total Liabilities 44 55 117 265 381 241 279 289 387 445 504 584 626
6 6 11 13 52 8 6 13 42 36 51 41 42
CWIP 4 4 4 47 21 0 0 0 0 0 0 0 0
Investments 23 23 53 67 70 70 69 69 118 150 190 277 307
12 23 49 138 238 163 204 207 227 260 263 266 277
Total Assets 44 55 117 265 381 241 279 289 387 445 504 584 626

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 -7 10 -20 112 -29 14 99 93 61 49 121
0 -4 -43 -105 -129 -10 -3 2 -135 -43 -44 -55
0 12 35 146 -7 26 -11 -47 -9 -9 -17 -64
Net Cash Flow 0 0 3 21 -24 -13 -0 55 -51 9 -12 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 99 144 148 136 91 147 221 151 90 102 70 52
Inventory Days
Days Payable
Cash Conversion Cycle 99 144 148 136 91 147 221 151 90 102 70 52
Working Capital Days 197 224 92 132 34 143 225 165 119 110 71 45
ROCE % 3% 4% 16% 4% 16% 7% 17% 29% 23% 17% 14% 30%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.23% 37.46% 37.46% 33.90% 35.25% 36.81% 36.81% 34.61% 34.59% 33.46% 32.77% 32.77%
0.27% 0.57% 0.47% 0.75% 0.74% 0.79% 1.59% 5.13% 6.22% 6.32% 6.04% 6.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 0.07% 0.09%
62.51% 61.97% 62.07% 65.35% 64.01% 62.39% 61.61% 60.25% 59.18% 60.04% 61.11% 61.08%
No. of Shareholders 13,52915,58914,41315,11415,03112,73713,27914,45117,06519,03321,30223,339

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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