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 ₹ 4,772 Cr.
- Current Price ₹ 1,738
- High / Low ₹ 1,981 / 1,033
- Stock P/E 16.7
- Book Value ₹ 411
- Dividend Yield 0.00 %
- ROCE 34.1 %
- ROE 26.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
Cons
- Working capital days have increased from 54.5 days to 80.5 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 259 | 379 | 595 | 619 | 693 | 816 | 872 | 897 | 1,242 | 1,648 | 1,815 | 2,014 | 2,148 | |
| 224 | 341 | 497 | 641 | 641 | 683 | 743 | 751 | 1,113 | 1,410 | 1,593 | 1,725 | 1,789 | |
| Operating Profit | 36 | 38 | 98 | -22 | 52 | 133 | 129 | 145 | 129 | 238 | 222 | 289 | 360 |
| OPM % | 14% | 10% | 16% | -4% | 8% | 16% | 15% | 16% | 10% | 14% | 12% | 14% | 17% |
| 1 | 1 | 3 | -332 | 1 | 27 | 22 | 13 | 13 | 15 | 33 | 20 | 55 | |
| Interest | 1 | 3 | 6 | 16 | 17 | 15 | 8 | 6 | 5 | 4 | 4 | 3 | 3 |
| Depreciation | 2 | 5 | 11 | 17 | 3 | 3 | 11 | 12 | 16 | 26 | 30 | 34 | 30 |
| Profit before tax | 33 | 31 | 84 | -387 | 33 | 142 | 131 | 141 | 122 | 222 | 220 | 272 | 382 |
| Tax % | 22% | 18% | 41% | 2% | 2% | -4% | 7% | 25% | 25% | 24% | 25% | 26% | |
| 26 | 25 | 50 | -395 | 32 | 147 | 122 | 105 | 92 | 168 | 166 | 200 | 285 | |
| EPS in Rs | 12.27 | 10.25 | 19.48 | -148.94 | 12.14 | 53.52 | 43.67 | 37.60 | 32.70 | 59.92 | 60.66 | 73.06 | 104.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 8% | 9% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 18% |
| 3 Years: | 18% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 13% |
| 3 Years: | 34% |
| TTM: | 86% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 31% |
| 3 Years: | 41% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 27% |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 92 | 244 | 334 | -67 | -20 | 123 | 239 | 344 | 432 | 562 | 711 | 936 | 1,101 |
| 26 | 43 | 127 | 144 | 131 | 74 | 121 | 46 | 80 | 56 | 57 | 28 | 20 | |
| 47 | 72 | 149 | 125 | 100 | 83 | 91 | 114 | 158 | 201 | 211 | 248 | 330 | |
| Total Liabilities | 185 | 384 | 636 | 228 | 238 | 308 | 480 | 532 | 698 | 846 | 1,006 | 1,239 | 1,479 |
| 69 | 71 | 141 | 64 | 62 | 68 | 102 | 93 | 113 | 135 | 121 | 121 | 107 | |
| CWIP | 10 | 55 | 64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 49 | 80 | 120 | 177 | 250 | 146 | 41 |
| 106 | 258 | 430 | 164 | 176 | 239 | 329 | 358 | 465 | 533 | 635 | 973 | 1,331 | |
| Total Assets | 185 | 384 | 636 | 228 | 238 | 308 | 480 | 532 | 698 | 846 | 1,006 | 1,239 | 1,479 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24 | -28 | 115 | -48 | 35 | 127 | 87 | 145 | 38 | 157 | 129 | 160 | |
| -53 | -51 | -197 | -6 | -5 | -6 | -137 | -47 | -50 | -53 | -34 | -12 | |
| 33 | 108 | 52 | 53 | -29 | -135 | -13 | -14 | -20 | -69 | -40 | -18 | |
| Net Cash Flow | 4 | 28 | -30 | -1 | 1 | -14 | -63 | 84 | -31 | 35 | 56 | 130 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 90 | 130 | 108 | 61 | 60 | 55 | 69 | 64 | 67 | 57 | 64 | 74 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 90 | 130 | 108 | 61 | 60 | 55 | 69 | 64 | 67 | 57 | 64 | 74 |
| Working Capital Days | 16 | 94 | 2 | -62 | -30 | 11 | 25 | 38 | 36 | 39 | 44 | 80 |
| ROCE % | 32% | 15% | 23% | -13% | 41% | 86% | 45% | 36% | 26% | 38% | 31% | 34% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Oct - Newspaper Publication-Statement of Un-Audited Financial Results for the quarter and half year ended September 30,2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
24 Oct - Cigniti appoints Ashish Arora as CFO effective October 28, 2025; predecessor superannuates October 27, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting
24 Oct - Approved Q2/H1 Sep 30, 2025 results; consolidated H1 net profit Rs1,485m; CFO retires Oct 27, successor from Oct 28.
-
Receipt Of Order Passed By Hon'Ble National Company Law Tribunal, Chandigarh Bench ('NCLT') For Inter Alia Dispensation Of Meeting Of Secured Creditors And Convening Meeting Of The Equity Shareholders And Unsecured Creditors Of Cigniti Technologies Limited.
18 Oct - NCLT order (17-Oct-2025) to convene Cigniti–Coforge shareholder and creditor meetings for amalgamation (Appointed Date 01-Apr-2025).
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Oct - RTA Aarthi confirms compliance with SEBI Reg 74(5) for dematerialisation, quarter ended September 30, 2025.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT REC
-
Aug 2023TranscriptPPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Sep 2020TranscriptPPT
-
Aug 2020Transcript PPT
-
May 2020TranscriptPPT
-
May 2020Transcript PPT
-
Feb 2020TranscriptPPT
-
Jan 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019TranscriptPPT
-
May 2019TranscriptPPT
-
Mar 2019TranscriptPPT
-
Feb 2019TranscriptPPT
-
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]