NIIT Ltd

₹ 310 0.65%
25 Nov - 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 4,175 Cr.
  • Current Price 310
  • High / Low 659 / 271
  • Stock P/E 19.6
  • Book Value 120
  • Dividend Yield 0.97 %
  • ROCE 16.5 %
  • ROE 13.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 39.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.8%

Cons

  • Stock is trading at 2.58 times its book value
  • Promoter holding is low: 34.9%
  • Company has a low return on equity of 10.1% over last 3 years.

* 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

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
232 244 211 202 219 253 279 301 316 385 375 405 392
209 222 216 183 189 212 212 234 242 304 303 335 336
Operating Profit 23 22 -4 19 30 42 67 67 73 80 72 70 56
OPM % 10% 9% -2% 9% 14% 16% 24% 22% 23% 21% 19% 17% 14%
41 30 15 35 19 24 7 14 14 9 11 3 10
Interest 5 3 3 2 2 1 1 1 0 0 0 0 0
Depreciation 13 17 18 16 14 13 16 14 14 14 16 14 15
Profit before tax 46 32 -11 35 34 51 57 66 73 75 67 59 51
Tax % -358% 15% 106% 17% 23% 19% 18% 22% 28% 24% -2% 22% 19%
Net Profit 209 27 1 29 26 41 47 52 52 57 68 46 42
EPS in Rs 12.47 1.61 0.04 2.05 1.84 2.93 3.27 3.87 3.93 4.11 5.03 3.31 2.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,237 1,245 953 943 953 1,002 845 850 865 889 960 1,377 1,557
1,101 1,098 909 890 927 929 785 780 796 835 799 1,082 1,278
Operating Profit 137 147 45 53 26 73 60 71 70 54 161 295 279
OPM % 11% 12% 5% 6% 3% 7% 7% 8% 8% 6% 17% 21% 18%
44 171 -8 17 -68 7 74 75 100 1,408 85 49 33
Interest 39 28 18 19 17 24 28 22 23 20 9 5 2
Depreciation 85 87 86 78 107 49 46 40 33 60 59 58 58
Profit before tax 56 203 -68 -26 -166 7 61 84 114 1,383 177 282 252
Tax % 16% 69% 64% -35% -1% 50% 30% 24% 24% 4% 19% 18%
Net Profit 91 110 27 19 -140 70 42 64 87 1,327 144 230 214
EPS in Rs 5.58 6.67 1.59 1.08 -8.39 4.06 2.47 3.75 5.17 93.81 10.05 16.90 15.39
Dividend Payout % 27% 24% 101% 149% 0% 0% 0% 0% 97% 11% 25% 18%
Compounded Sales Growth
10 Years: 1%
5 Years: 10%
3 Years: 17%
TTM: 36%
Compounded Profit Growth
10 Years: 13%
5 Years: 39%
3 Years: 34%
TTM: 9%
Stock Price CAGR
10 Years: 26%
5 Years: 25%
3 Years: 43%
1 Year: -27%
Return on Equity
10 Years: 7%
5 Years: 10%
3 Years: 10%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 524 629 635 641 697 772 643 678 784 1,479 1,597 1,462 1,592
366 109 153 128 155 195 177 178 207 166 58 25 28
526 387 388 319 284 337 517 492 440 365 468 593 532
Total Liabilities 1,448 1,158 1,208 1,121 1,168 1,337 1,370 1,382 1,465 2,039 2,151 2,107 2,179
480 228 220 185 110 107 194 219 228 357 310 371 392
CWIP 59 18 12 18 4 2 15 28 53 20 5 6 1
Investments 164 195 236 290 526 582 586 604 2 844 859 722 772
745 717 739 628 527 646 575 531 1,182 818 978 1,008 1,014
Total Assets 1,448 1,158 1,208 1,121 1,168 1,337 1,370 1,382 1,465 2,039 2,151 2,107 2,179

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
131 31 58 62 31 70 111 88 46 51 236 288
-49 340 -52 -25 -19 -67 -48 -63 -54 746 -50 229
-96 -304 -0 -76 -6 16 -43 -21 1 -809 -98 -386
Net Cash Flow -14 66 5 -40 5 19 20 4 -7 -12 88 131

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 113 105 142 98 72 88 73 71 70 56 55 50
Inventory Days 42 26 29 31 31
Days Payable 549 438 554 816 980
Cash Conversion Cycle -394 -308 -384 -686 -877 88 73 71 70 56 55 50
Working Capital Days -1 30 47 35 11 28 -30 -57 -29 24 -14 -16
ROCE % 9% 8% -4% -2% -8% 3% 9% 12% 14% 3% 9% 16%

Shareholding Pattern

Numbers in percentages

11 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
34.35 34.35 34.33 34.29 34.27 34.15 35.31 35.12 35.08 35.03 34.98 34.88
17.29 17.26 19.02 22.16 23.80 22.56 23.20 23.64 22.81 21.48 21.70 21.21
15.03 16.42 15.88 11.83 11.35 11.31 12.12 11.30 11.66 12.14 11.72 11.88
0.28 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
33.06 31.96 30.76 31.72 30.56 31.98 29.36 29.93 30.43 31.34 31.59 32.02

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