Cigniti Technologies Ltd

Cigniti Technologies Ltd

₹ 1,262 -0.01%
23 Apr 4:02 p.m.
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]

  • Market Cap 3,443 Cr.
  • Current Price 1,262
  • High / Low 1,352 / 758
  • Stock P/E 18.3
  • Book Value 245
  • Dividend Yield 0.24 %
  • ROCE 38.2 %
  • ROE 32.1 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%
  • Company's median sales growth is 17.7% of last 10 years

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
224 233 264 308 325 344 378 417 428 425 440 452 468
192 200 240 276 285 311 333 356 364 357 377 387 403
Operating Profit 32 33 24 32 40 33 45 61 64 68 62 65 65
OPM % 14% 14% 9% 10% 12% 9% 12% 15% 15% 16% 14% 14% 14%
4 1 4 3 1 5 1 2 8 4 5 5 7
Interest 1 1 1 1 1 2 1 1 1 1 1 1 1
Depreciation 3 3 3 4 4 5 5 7 7 7 7 8 8
Profit before tax 32 30 24 30 36 32 39 55 63 64 59 61 63
Tax % 18% 19% 15% 26% 27% 28% 21% 24% 27% 23% 24% 25% 24%
26 25 20 22 27 23 31 42 47 49 45 46 48
EPS in Rs 9.45 8.80 7.29 7.90 9.46 8.06 11.05 14.78 16.57 17.53 15.85 16.80 17.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
34 151 259 379 595 619 693 816 872 897 1,242 1,648 1,784
31 142 224 341 497 641 641 683 743 751 1,113 1,410 1,524
Operating Profit 3 9 36 38 98 -22 52 133 129 145 129 238 260
OPM % 9% 6% 14% 10% 16% -4% 8% 16% 15% 16% 10% 14% 15%
0 0 1 1 3 -332 1 27 22 13 13 15 21
Interest 0 0 1 3 6 16 17 15 8 6 5 4 4
Depreciation 1 2 2 5 11 17 3 3 11 12 16 26 30
Profit before tax 2 7 33 31 84 -387 33 142 131 141 122 222 247
Tax % 34% 28% 22% 18% 41% -2% 2% -4% 7% 25% 25% 24%
1 5 26 25 50 -395 32 147 122 105 92 168 188
EPS in Rs 0.70 2.65 12.27 10.25 19.48 -148.94 12.14 53.52 43.67 37.60 32.70 59.92 67.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 7% 8% 9%
Compounded Sales Growth
10 Years: 27%
5 Years: 19%
3 Years: 24%
TTM: 14%
Compounded Profit Growth
10 Years: 42%
5 Years: 39%
3 Years: 11%
TTM: 32%
Stock Price CAGR
10 Years: 12%
5 Years: 29%
3 Years: 47%
1 Year: 58%
Return on Equity
10 Years: %
5 Years: 41%
3 Years: 29%
Last Year: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 21 37 92 244 334 -67 -20 123 239 344 432 562 641
13 20 26 43 127 144 131 74 121 46 80 56 69
17 23 47 72 149 125 100 83 91 114 158 201 176
Total Liabilities 68 99 185 384 636 228 238 308 480 532 698 846 913
29 32 69 71 141 64 62 68 102 93 113 135 133
CWIP 4 10 10 55 64 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 49 80 120 177 208
36 57 106 258 430 164 176 239 329 358 465 533 572
Total Assets 68 99 185 384 636 228 238 308 480 532 698 846 913

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 24 -28 115 -48 35 127 87 145 38 157
-14 -53 -51 -197 -6 -5 -6 -137 -47 -50 -53
16 33 108 52 53 -29 -135 -13 -14 -20 -69
Net Cash Flow 1 4 28 -30 -1 1 -14 -63 84 -31 35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 221 97 90 130 108 61 60 55 69 64 67 57
Inventory Days
Days Payable
Cash Conversion Cycle 221 97 90 130 108 61 60 55 69 64 67 57
Working Capital Days 208 66 51 131 80 8 29 44 63 48 53 49
ROCE % 11% 32% 15% 23% -13% 41% 86% 45% 36% 26% 38%

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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Documents

Concalls