NIIT Ltd

₹ 304 -3.60%
27 Jan - close price
About

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges. [1]

Key Points

Revenue Segments FY22
Corporate Learning Group (82%)- It offers Managed Training Services and Learning & Development transformation services to market-leading companies in North America, Europe, Asia, and Oceania.
Skill & Careers Group (18%)- It delivers a diverse range of learning and talent development programs to individuals and corporate learners in established and growth areas. The Company provides these programs in India & China. [1]

  • Market Cap 4,085 Cr.
  • Current Price 304
  • High / Low 659 / 271
  • Stock P/E 36.6
  • Book Value 105
  • Dividend Yield 0.99 %
  • ROCE 8.14 %
  • ROE 8.29 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 81.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 35.0%

Cons

  • Stock is trading at 2.90 times its book value
  • The company has delivered a poor sales growth of 4.15% over past five years.
  • Promoter holding is low: 34.9%
  • Tax rate seems low
  • Company has a low return on equity of 5.44% over last 3 years.
  • Earnings include an other income of Rs.113 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
113 101 91 80 87 93 109 94 111 121 119 137 136
98 93 86 77 80 87 103 96 102 118 120 137 136
Operating Profit 15 8 5 3 7 6 6 -2 9 3 -1 1 1
OPM % 13% 8% 5% 4% 8% 6% 5% -2% 8% 2% -1% 1% 1%
51 38 -43 36 18 11 8 21 54 17 59 13 24
Interest 4 1 2 1 1 1 0 0 0 0 0 0 0
Depreciation 8 9 10 8 6 6 7 5 5 4 6 5 5
Profit before tax 53 35 -49 30 18 11 7 13 58 15 51 9 20
Tax % -307% 8% 21% 21% 27% 45% -68% 30% 11% 26% -38% 11% 7%
Net Profit 217 32 -39 23 13 6 11 9 51 11 71 8 18
EPS in Rs 12.93 1.93 -2.73 1.66 0.92 0.41 0.80 0.71 3.84 0.82 5.29 0.60 1.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
637 723 634 513 344 377 363 362 378 401 368 445 513
559 674 596 491 351 370 364 351 371 369 344 433 510
Operating Profit 78 49 38 22 -7 7 -0 11 6 32 24 13 3
OPM % 12% 7% 6% 4% -2% 2% -0% 3% 2% 8% 7% 3% 1%
63 157 67 63 -48 43 45 39 63 1,529 71 147 113
Interest 29 23 18 19 14 21 24 20 20 14 4 1 1
Depreciation 58 68 78 68 43 28 24 24 23 35 27 21 20
Profit before tax 55 114 8 -2 -113 1 -3 6 27 1,512 65 137 95
Tax % 10% 16% 86% -312% -3% 85% -20% 9% 4% 10% 17% -4%
Net Profit 50 96 1 -8 -116 0 -4 5 26 1,368 54 142 108
EPS in Rs 3.01 5.83 0.07 -0.47 -7.03 0.01 -0.21 0.31 1.52 96.70 3.77 10.63 8.06
Dividend Payout % 50% 27% 2,277% -340% 0% 0% 0% 0% 328% 10% 66% 28%
Compounded Sales Growth
10 Years: -5%
5 Years: 4%
3 Years: 6%
TTM: 26%
Compounded Profit Growth
10 Years: 22%
5 Years: 81%
3 Years: 75%
TTM: 31%
Stock Price CAGR
10 Years: 27%
5 Years: 23%
3 Years: 45%
1 Year: -23%
Return on Equity
10 Years: 2%
5 Years: 5%
3 Years: 5%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
33 33 33 33 33 33 33 33 33 28 28 27 27
Reserves 383 450 419 387 779 779 742 751 764 1,491 1,522 1,309 1,381
250 114 158 128 125 175 179 172 214 68 17 9 8
246 322 303 205 135 147 180 154 160 154 151 184 174
Total Liabilities 912 919 913 752 1,071 1,133 1,134 1,111 1,170 1,742 1,719 1,528 1,590
168 206 190 149 62 65 166 160 172 207 168 163 179
CWIP 32 17 12 11 4 1 10 9 11 8 2 6 1
Investments 203 204 207 186 742 742 763 728 194 949 997 940 984
509 492 505 406 264 324 195 214 793 577 551 418 426
Total Assets 912 919 913 752 1,071 1,133 1,134 1,111 1,170 1,742 1,719 1,528 1,590

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
71 95 56 4 36 51 31 18 -16 28 85 53
-23 80 -19 41 -26 -75 -8 -12 26 825 -62 313
-51 -182 1 -80 -19 27 -13 -23 13 -854 -45 -366
Net Cash Flow -4 -6 38 -35 -9 3 10 -17 23 -1 -22 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 147 136 147 129 141 117 86 102 104 84 72 73
Inventory Days 49 31 31 33 34 66
Days Payable 354 385 419 503 735 987
Cash Conversion Cycle -158 -218 -240 -341 -560 -805 86 102 104 84 72 73
Working Capital Days 66 5 8 36 16 38 -66 -46 469 157 64 81
ROCE % 11% 5% 4% 3% -2% 2% 2% 4% 4% 5% 4% 8%

Shareholding Pattern

Numbers in percentages

15 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.35 34.33 34.29 34.27 34.15 35.31 35.12 35.08 35.03 34.98 34.88 34.86
17.26 19.02 22.16 23.80 22.56 23.20 23.64 22.81 21.48 21.70 21.21 20.49
16.42 15.88 11.83 11.35 11.31 12.12 11.30 11.66 12.14 11.72 11.88 12.24
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
31.96 30.76 31.72 30.56 31.98 29.36 29.93 30.43 31.34 31.59 32.02 32.39

* 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.

Click on the line-items to see the names of individual entities.

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