Cigniti Technologies Ltd

Cigniti Technologies is principally engaged in the providing software testing services across the world.

Pros:
Company has reduced debt.
Company has good consistent profit growth of 41.98% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Promoter's stake has decreased
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
170 157 127 168 169 177 179 195 205 210 206 208
143 170 194 168 155 160 157 167 168 171 178 176
Operating Profit 27 -13 -67 0 14 17 21 28 37 39 29 32
OPM % 16% -8% -52% 0% 8% 9% 12% 14% 18% 18% 14% 15%
Other Income 0 1 -332 -1 2 -4 3 6 23 -3 1 4
Interest 3 4 7 4 5 4 4 4 4 3 4 2
Depreciation 3 3 9 1 1 1 1 1 1 1 1 3
Profit before tax 21 -19 -414 -6 11 8 19 30 56 32 25 31
Tax % 31% -9% 3% -3% 10% -2% -2% -32% 12% 10% -21% 7%
Net Profit 15 -21 -402 -6 10 8 20 39 50 29 30 28
EPS in Rs 5.67 -7.97 -152.50 -2.14 3.70 3.11 7.33 14.32 18.03 10.47 10.82 10.30
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 TTM
34 151 259 379 595 619 693 816 829
31 142 224 341 497 641 641 683 693
Operating Profit 3 9 36 38 98 -22 52 133 136
OPM % 9% 6% 14% 10% 16% -4% 8% 16% 16%
Other Income 0 0 1 1 3 -332 1 27 26
Interest 0 0 1 3 6 16 17 15 13
Depreciation 1 2 2 5 11 17 3 3 5
Profit before tax 2 7 33 31 84 -387 33 142 144
Tax % 34% 28% 22% 18% 41% -2% 2% -4%
Net Profit 1 5 26 25 50 -395 32 147 137
EPS in Rs 2.66 12.27 10.25 19.48 0.00 11.81 53.27 49.62
Dividend Payout % 0% 0% 0% 0% 0% -0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:25.79%
3 Years:11.12%
TTM:15.21%
Compounded Profit Growth
10 Years:%
5 Years:41.98%
3 Years:43.68%
TTM:77.51%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:186.98%

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
17 19 21 25 26 27 27 28
Reserves 21 37 87 244 334 -67 -20 123
Borrowings 13 20 26 43 127 144 131 74
17 23 51 73 149 125 100 83
Total Liabilities 68 99 185 385 636 228 238 308
29 32 69 71 141 64 62 68
CWIP 4 10 10 55 64 0 0 0
Investments 0 0 0 0 0 0 0 0
36 57 107 259 430 164 176 239
Total Assets 68 99 185 385 636 228 238 308

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
-1 24 -28 115 -48 35 132
-14 -53 -51 -197 -6 -5 -16
16 33 108 52 53 -29 -129
Net Cash Flow 1 4 28 -30 -1 1 -14

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 11% 33% 15% 23% -13% 41% 86%
Debtor Days 221 97 90 130 108 61 60 55
Inventory Turnover