NIIT Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 4,317 Cr.
  • Current Price 324
  • High / Low 348 / 93.1
  • Stock P/E 26.1
  • Book Value 122
  • Dividend Yield 0.77 %
  • ROCE 8.27 %
  • ROE 6.71 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 43.48%
  • Company has been maintaining a healthy dividend payout of 44.11%
  • Promoter holding has increased by 1.16% over last quarter.

Cons

  • Stock is trading at 2.66 times its book value
  • The company has delivered a poor sales growth of -1.07% over past five years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
226 226 219 202 232 244 211 202 219 253 276 301
206 212 206 191 209 222 216 183 189 212 211 234
Operating Profit 20 14 13 11 23 22 -4 19 30 42 64 67
OPM % 9% 6% 6% 5% 10% 9% -2% 9% 14% 16% 23% 22%
Other Income 28 26 30 1,323 41 30 15 35 19 24 10 14
Interest 5 5 5 6 5 3 3 2 2 1 1 1
Depreciation 8 9 8 12 13 17 18 16 14 13 16 14
Profit before tax 34 26 30 1,316 46 32 -11 35 34 51 57 66
Tax % 24% 23% 23% 17% -358% 15% 106% 17% 23% 19% 18% 22%
Net Profit 26 19 23 1,090 209 27 1 29 26 42 47 51
EPS in Rs 1.55 1.16 1.38 65.09 12.47 1.61 0.04 2.05 1.84 2.93 3.27 3.87

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,199 1,237 1,245 953 943 953 1,002 845 850 865 889 950 1,049
1,044 1,087 1,144 913 909 853 930 785 788 799 855 797 846
Operating Profit 156 150 101 41 34 100 72 60 62 66 34 153 203
OPM % 13% 12% 8% 4% 4% 10% 7% 7% 7% 8% 4% 16% 19%
Other Income 9 30 217 -4 36 -142 8 74 84 104 1,429 92 67
Interest 41 39 28 18 19 17 24 28 22 23 20 9 4
Depreciation 75 85 87 86 78 107 49 46 40 33 60 59 57
Profit before tax 49 56 203 -68 -26 -166 7 61 84 114 1,383 177 208
Tax % 22% 16% 69% 64% -35% -1% 50% 30% 24% 24% 4% 19%
Net Profit 70 92 110 26 18 -139 67 41 62 86 1,327 143 166
EPS in Rs 4.25 5.58 6.67 1.59 1.08 -8.39 4.06 2.47 3.75 5.17 93.81 10.05 11.91
Dividend Payout % 33% 27% 24% 101% 149% 0% 0% 0% 0% 97% 11% 25%
Compounded Sales Growth
10 Years:-3%
5 Years:-1%
3 Years:4%
TTM:18%
Compounded Profit Growth
10 Years:1%
5 Years:9%
3 Years:20%
TTM:-39%
Stock Price CAGR
10 Years:20%
5 Years:33%
3 Years:51%
1 Year:235%
Return on Equity
10 Years:21%
5 Years:33%
3 Years:43%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
33 33 33 33 33 33 33 33 33 33 28 28
Reserves 471 524 629 635 641 697 772 643 678 784 1,479 1,597
Borrowings 405 366 109 153 128 155 195 177 178 207 166 58
423 526 387 388 319 284 337 517 492 440 365 468
Total Liabilities 1,332 1,448 1,158 1,208 1,121 1,168 1,337 1,370 1,382 1,465 2,039 2,151
492 480 228 220 185 110 107 194 219 228 357 310
CWIP 45 59 18 12 18 4 2 15 28 53 20 5
Investments 127 164 195 236 290 526 582 586 604 2 844 854
668 745 717 739 628 527 646 575 531 1,182 818 983
Total Assets 1,332 1,448 1,158 1,208 1,121 1,168 1,337 1,370 1,382 1,465 2,039 2,151

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
42 131 31 58 62 31 70 111 88 46 51 234
-46 -49 340 -52 -25 -19 -67 -48 -63 -54 746 -48
-9 -96 -304 -0 -76 -6 16 -43 -21 1 -809 -98
Net Cash Flow -13 -14 66 5 -40 5 19 20 4 -7 -12 88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 11% 9% 8% -4% -2% -8% 3% 9% 12% 14% 3% 8%
Debtor Days 104 113 105 142 98 72 88 73 71 70 56 54
Inventory Turnover 2.06 10.30 13.33 12.35 9.91 12.68 9.63 8.56 13.97 4.37 6.56 42.25

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
31.61 31.60 31.55 31.54 31.47 34.35 34.35 34.33 34.29 34.27 34.15 35.31
15.20 15.50 13.03 13.99 14.72 17.29 17.26 19.02 22.16 23.80 22.56 23.20
12.39 12.27 14.72 18.08 18.89 15.03 16.42 15.88 11.83 11.35 11.31 12.12
0.22 0.22 0.21 0.21 0.24 0.28 0.01 0.01 0.01 0.01 0.01 0.01
40.59 40.41 40.48 36.18 34.69 33.06 31.96 30.76 31.72 30.56 31.98 29.36

Documents