NIIT Ltd

NIIT is a talent development company which was set up in 1981. NIIT (the Company) currently offers learning and knowledge solutions across the globe to individuals, enterprises and various institutions.

  • Market Cap: 1,368 Cr.
  • Current Price: 96.60
  • 52 weeks High / Low 115.55 / 53.55
  • Book Value: 108.20
  • Stock P/E: 4.40
  • Dividend Yield: 8.28 %
  • ROCE: 5.48 %
  • ROE: 3.74 %
  • Sales Growth (3Yrs): -0.70 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
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Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.89 times its book value
Stock is providing a good dividend yield of 8.28%.
Company has delivered good profit growth of 38.56% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 170.38%
Cons:
The company has delivered a poor growth of -6.34% over past five years.
Promoter holding is low: 34.33%
Tax rate seems low
Company has a low return on equity of 1.64% for last 3 years.
Earnings include an other income of Rs.82.30 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Computer Education // Industry: Computers - Education

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
90 90 98 78 95 92 106 96 111 101 91 80
92 87 85 80 88 91 103 99 96 93 86 77
Operating Profit -2 4 13 -2 7 1 2 -3 16 8 5 3
OPM % -2% 4% 13% -3% 7% 1% 2% -3% 14% 8% 5% 4%
Other Income 24 4 2 9 35 5 15 1,490 51 38 -43 36
Interest 5 5 5 4 5 5 5 6 4 1 2 1
Depreciation 6 6 6 6 5 6 6 8 8 9 10 8
Profit before tax 11 -3 5 -3 32 -5 7 1,473 54 35 -49 30
Tax % 0% -2% 8% -4% 1% -4% 11% 21% -305% 8% 21% 21%
Net Profit 11 -3 4 -3 31 -5 6 1,157 218 32 -39 23
EPS in Rs 0.66 -0.19 0.26 -0.20 1.88 -0.32 0.36 69.10 12.93 1.98 -2.73 1.66
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
467 546 625 637 723 634 513 344 377 363 362 369 383
411 465 526 546 691 600 502 405 370 364 360 357 352
Operating Profit 56 81 99 92 32 34 11 -61 7 -0 2 13 31
OPM % 12% 15% 16% 14% 4% 5% 2% -18% 2% -0% 0% 3% 8%
Other Income 34 42 28 50 174 70 74 6 43 45 48 48 82
Interest 12 19 28 29 23 18 19 14 21 24 20 20 9
Depreciation 36 40 54 58 68 78 68 43 28 24 24 23 35
Profit before tax 43 64 45 55 114 8 -2 -113 1 -3 6 18 70
Tax % 24% 26% 30% 10% 16% 86% -312% -3% 85% -20% 9% 7%
Net Profit 33 47 31 50 96 1 -8 -116 0 -4 5 16 235
EPS in Rs 1.96 2.72 1.73 2.85 5.66 0.07 0.00 0.00 0.01 0.00 0.31 0.98 13.84
Dividend Payout % 65% 45% 74% 50% 27% 2,277% -340% -0% 0% -0% 0% 511%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-3.83%
5 Years:-6.34%
3 Years:-0.70%
TTM:-1.34%
Compounded Profit Growth
10 Years:-2.74%
5 Years:38.56%
3 Years:159.65%
TTM:610.40%
Stock Price CAGR
10 Years:3.85%
5 Years:5.68%
3 Years:3.65%
1 Year:0.73%
Return on Equity
10 Years:1.40%
5 Years:0.08%
3 Years:1.64%
Last Year:3.74%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
33 33 33 33 33 33 33 33 33 33 33 33 28
Reserves 330 352 361 383 450 419 387 779 779 742 751 775 1,504
Borrowings 81 199 251 250 114 158 128 125 175 179 172 200 50
163 210 193 246 322 303 205 135 147 180 154 147 161
Total Liabilities 608 794 837 912 919 913 752 1,071 1,133 1,134 1,111 1,156 1,744
105 178 182 168 206 190 149 62 65 166 160 172 215
CWIP 16 18 8 32 17 12 11 4 1 10 9 11 0
Investments 178 185 201 203 204 207 186 742 742 763 728 198 949
309 414 446 509 492 505 406 264 324 195 214 776 579
Total Assets 608 794 837 912 919 913 752 1,071 1,133 1,134 1,111 1,156 1,744

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
86 52 1 71 95 56 4 36 51 31 18 27
-37 -136 -4 -23 80 -19 41 -26 -75 -8 -12 -18
-35 81 -8 -51 -182 1 -80 -19 27 -13 -23 14
Net Cash Flow 14 -2 -11 -4 -6 38 -35 -9 3 10 -17 23

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 12% 14% 12% 11% 5% 4% 3% -2% 2% 2% 4% 5%
Debtor Days 100 119 127 147 136 147 129 141 117 86 102 106
Inventory Turnover 0.92 0.99 0.92 9.23 11.55 11.05 9.10 9.87 8.91 6.90 14.99 20.02

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
34.16 31.71 31.70 31.68 31.61 31.60 31.55 31.54 31.47 34.35 34.35 34.33
17.22 17.25 18.66 16.91 15.20 15.50 13.03 13.99 14.72 17.29 17.26 19.02
10.19 10.56 11.35 11.78 12.39 12.27 14.72 18.08 18.89 15.03 16.42 15.88
0.01 0.19 0.19 0.19 0.22 0.22 0.21 0.21 0.24 0.28 0.01 0.01
38.42 40.29 38.10 39.44 40.59 40.41 40.48 36.18 34.69 33.06 31.96 30.76