NIIT Ltd

₹ 385 -5.19%
Jan 25 11:15 a.m.
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

Customer
Customers are divided into two groups, Corporate Learning Group (CGL) and Skill & Careers Group (SNC).
Corporate Learning Group- It offers Managed Training Services and Learning & Development transformation services to market-leading companies in North America, Europe, Asia, and Oceania.
Skill & Careers Group- It delivers a diverse range of learning and talent development programs to individuals and corporate learners in established and growth areas. These include Technology, Banking & Finance, Digital Marketing, Data Sciences & Analytics, Professional Life Skills, Business Process Excellence, and Multi-sectoral Vocational Skills. The Company provides these programs in India & China. [1]

  • Market Cap 5,149 Cr.
  • Current Price 385
  • High / Low 507 / 136
  • Stock P/E 60.2
  • Book Value 98.0
  • Dividend Yield 0.64 %
  • ROCE 3.74 %
  • ROE 2.99 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 91.71% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 134.95%

Cons

  • Stock is trading at 4.15 times its book value
  • The company has delivered a poor sales growth of -0.49% over past five years.
  • Company has a low return on equity of 3.67% for last 3 years.
  • Earnings include an other income of Rs.95.48 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

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
92 106 96 113 101 91 80 87 93 109 94 111
91 103 92 98 93 86 77 80 87 103 96 103
Operating Profit 1 2 4 15 8 5 3 7 6 6 -2 9
OPM % 1% 2% 4% 13% 8% 5% 4% 8% 6% 5% -2% 8%
Other Income 5 15 1,483 51 38 -43 36 18 11 8 21 54
Interest 5 5 6 4 1 2 1 1 1 0 0 0
Depreciation 6 6 8 8 9 10 8 6 6 7 5 5
Profit before tax -5 7 1,473 53 35 -49 30 18 11 7 13 58
Tax % -4% 11% 21% -307% 8% 21% 21% 27% 45% -68% 30% 11%
Net Profit -5 6 1,157 217 32 -39 23 13 6 11 9 51
EPS in Rs -0.32 0.36 69.09 12.93 1.93 -2.73 1.66 0.92 0.41 0.80 0.71 3.84

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
625 637 723 634 513 344 377 363 362 378 401 368 408
526 559 674 596 491 351 370 364 351 371 369 347 390
Operating Profit 99 78 49 38 22 -7 7 -0 11 6 32 21 18
OPM % 16% 12% 7% 6% 4% -2% 2% -0% 3% 2% 8% 6% 4%
Other Income 28 63 157 67 63 -48 43 45 39 63 1,529 74 95
Interest 28 29 23 18 19 14 21 24 20 20 14 4 2
Depreciation 54 58 68 78 68 43 28 24 24 23 35 27 23
Profit before tax 45 55 114 8 -2 -113 1 -3 6 27 1,512 65 89
Tax % 30% 10% 16% 86% -312% -3% 85% -20% 9% 4% 10% 17%
Net Profit 31 50 96 1 -8 -116 0 -4 5 26 1,368 54 78
EPS in Rs 1.89 3.01 5.83 0.07 -0.47 -7.03 0.01 -0.21 0.31 1.52 96.70 3.77 5.76
Dividend Payout % 74% 50% 27% 2,277% -340% 0% 0% 0% 0% 328% 10% 66%
Compounded Sales Growth
10 Years: -5%
5 Years: 0%
3 Years: 1%
TTM: 14%
Compounded Profit Growth
10 Years: 2%
5 Years: 92%
3 Years: 42%
TTM: -24%
Stock Price CAGR
10 Years: 25%
5 Years: 39%
3 Years: 69%
1 Year: 110%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
33 33 33 33 33 33 33 33 33 33 28 28 27
Reserves 361 383 450 419 387 779 779 742 751 764 1,491 1,522 1,283
Borrowings 251 250 114 158 128 125 175 179 172 214 68 17 10
193 246 322 303 205 135 147 180 154 160 154 151 153
Total Liabilities 837 912 919 913 752 1,071 1,133 1,134 1,111 1,170 1,742 1,719 1,472
182 168 206 190 149 62 65 166 160 172 207 168 169
CWIP 8 32 17 12 11 4 1 10 9 11 8 2 0
Investments 201 203 204 207 186 742 742 763 728 194 949 995 820
446 509 492 505 406 264 324 195 214 793 577 554 483
Total Assets 837 912 919 913 752 1,071 1,133 1,134 1,111 1,170 1,742 1,719 1,472

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1 71 95 56 4 36 51 31 18 -16 28 85
-4 -23 80 -19 41 -26 -75 -8 -12 26 825 -62
-8 -51 -182 1 -80 -19 27 -13 -23 13 -854 -45
Net Cash Flow -11 -4 -6 38 -35 -9 3 10 -17 23 -1 -22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 127 147 136 147 129 141 117 86 102 104 84 72
Inventory Days 49 31 31 33 34 66
Days Payable 354 385 419 503 735 987
Cash Conversion Cycle 127 -158 -218 -240 -341 -560 -805 86 102 104 84 72
Working Capital Days 131 80 18 30 50 34 38 -46 16 518 173 67
ROCE % 12% 11% 5% 4% 3% -2% 2% 2% 4% 4% 5% 4%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
31.55 31.54 31.47 34.35 34.35 34.33 34.29 34.27 34.15 35.31 35.12 35.08
13.03 13.99 14.72 17.29 17.26 19.02 22.16 23.80 22.56 23.20 23.64 22.81
14.72 18.08 18.89 15.03 16.42 15.88 11.83 11.35 11.31 12.12 11.30 11.66
0.21 0.21 0.24 0.28 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
40.48 36.18 34.69 33.06 31.96 30.76 31.72 30.56 31.98 29.36 29.93 30.43

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