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 ₹ 4,769 Cr.
- Current Price ₹ 1,737
- 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: | 33% |
| 3 Years: | 49% |
| 1 Year: | 23% |
| 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
-
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.
-
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.
-
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 …
-
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.
-
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
-
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]