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: 1,299 Cr.
  • Current Price: 91.75
  • 52 weeks High / Low 115.55 / 53.55
  • Book Value: 107.40
  • Stock P/E: 3.64
  • Dividend Yield: 8.72 %
  • ROCE: 14.71 %
  • ROE: 11.48 %
  • Sales Growth (3Yrs): -3.16 %
  • 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 0.85 times its book value
Stock is providing a good dividend yield of 8.72%.
Company has been maintaining a healthy dividend payout of 32.27%
Cons:
The company has delivered a poor growth of -0.71% over past five years.
Promoter holding is low: 34.35%
Company has a low return on equity of 8.58% for last 3 years.
Earnings include an other income of Rs.1419.56 Cr.

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
209.87 208.35 209.45 222.84 214.26 226.03 225.52 219.20 210.30 236.54 243.88 211.17
196.02 191.38 192.68 202.53 196.84 205.94 211.82 206.00 209.68 212.66 222.31 215.67
Operating Profit 13.85 16.97 16.77 20.31 17.42 20.09 13.70 13.20 0.62 23.88 21.57 -4.50
OPM % 6.60% 8.14% 8.01% 9.11% 8.13% 8.89% 6.07% 6.02% 0.29% 10.10% 8.84% -2.13%
Other Income 15.16 15.95 23.49 20.74 20.52 28.18 26.45 29.58 1,334.12 40.82 29.77 14.85
Interest 5.00 4.82 4.61 4.94 4.61 5.45 4.89 4.79 5.99 5.41 2.64 2.71
Depreciation 10.24 10.43 10.24 9.20 9.31 8.38 9.48 7.90 12.79 13.70 16.94 18.20
Profit before tax 13.77 17.67 25.41 26.91 24.02 34.44 25.78 30.09 1,315.96 45.59 31.76 -10.56
Tax % 23.97% 26.37% 20.50% 25.60% 25.02% 24.13% 22.69% 23.13% 17.11% -358.08% 15.08% 105.59%
Net Profit 10.37 13.00 19.74 19.67 17.91 25.94 19.43 23.17 1,090.41 209.31 27.14 0.59
EPS in Rs 0.63 0.76 1.19 1.18 1.07 1.56 1.16 1.39 65.11 12.44 2.20 0.04
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

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
1,007 1,149 1,199 1,237 1,245 953 943 953 1,002 845 850 910 902
903 1,030 1,044 1,087 1,144 913 909 853 930 785 788 842 860
Operating Profit 104 118 156 150 101 41 34 100 72 60 62 69 42
OPM % 10% 10% 13% 12% 8% 4% 4% 10% 7% 7% 7% 8% 5%
Other Income 10 26 9 30 217 -4 36 -142 8 74 84 105 1,420
Interest 21 30 41 39 28 18 19 17 24 28 22 23 17
Depreciation 53 65 75 85 87 86 78 107 49 46 40 36 62
Profit before tax 40 49 49 56 203 -68 -26 -166 7 61 84 114 1,383
Tax % -5% 21% 22% 16% 69% 64% -35% -1% 50% 30% 24% 24%
Net Profit 76 70 70 92 110 26 18 -139 67 41 62 86 1,327
EPS in Rs 4.37 4.01 4.02 4.74 6.30 1.20 1.08 0.00 4.06 2.47 3.75 5.16 79.79
Dividend Payout % 28% 31% 33% 27% 24% 101% 149% -0% 0% 0% 0% 97%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-2.30%
5 Years:-0.71%
3 Years:-3.16%
TTM:1.91%
Compounded Profit Growth
10 Years:3.47%
5 Years:51.00%
3 Years:9.37%
TTM:316.86%
Stock Price CAGR
10 Years:3.29%
5 Years:13.25%
3 Years:1.61%
1 Year:-8.66%
Return on Equity
10 Years:7.02%
5 Years:5.33%
3 Years:8.58%
Last Year:11.48%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

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 369 444 471 524 629 635 641 697 772 643 678 784 1,492
Borrowings 205 348 405 366 109 153 128 155 195 177 178 187 136
363 452 423 526 387 388 319 284 337 517 492 461 363
Total Liabilities 970 1,278 1,332 1,448 1,158 1,208 1,121 1,168 1,337 1,370 1,382 1,466 2,020
351 511 492 480 228 220 185 110 107 194 219 228 377
CWIP 48 62 45 59 18 12 18 4 2 15 28 53 0
Investments 89 107 127 164 195 236 290 526 582 586 604 2 844
483 598 668 745 717 739 628 527 646 575 531 1,183 799
Total Assets 970 1,278 1,332 1,448 1,158 1,208 1,121 1,168 1,337 1,370 1,382 1,466 2,020

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
139 93 42 131 31 58 62 31 70 111 88 44
-80 -198 -46 -49 340 -52 -25 -19 -67 -48 -63 -45
-55 101 -9 -96 -304 -0 -76 -6 16 -43 -21 -7
Net Cash Flow 4 -5 -13 -14 66 5 -40 5 19 20 4 -8

Ratios Consolidated Figures in Rs. Crores / View Standalone

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 % 10% 10% 11% 9% 8% -4% -2% -8% 3% 9% 12% 15%
Debtor Days 74 92 104 113 105 142 98 72 88 73 71 66
Inventory Turnover 1.97 2.54 2.06 10.30 13.33 12.35 9.91 12.68 9.63 8.56 13.97 6.16

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
34.18 34.16 31.71 31.70 31.68 31.61 31.60 31.55 31.54 31.47 34.35 34.35
16.76 17.22 17.25 18.66 16.91 15.20 15.50 13.03 13.99 14.72 17.29 17.26
9.95 10.19 10.56 11.35 11.78 12.39 12.27 14.72 18.08 18.89 15.03 16.42
0.01 0.01 0.19 0.19 0.19 0.22 0.22 0.21 0.21 0.24 0.28 0.01
39.10 38.42 40.29 38.10 39.44 40.59 40.41 40.48 36.18 34.69 33.06 31.96