NIIT Technologies Ltd

NIIT Technologies delivers services around the world directly and through its network of subsidiaries and overseas branches. The Company is rendering Information Technology solutions and is engaged in Application Development and Maintenance, Managed Services, Cloud Computing and Business Process Outsourcing to organizations in a number of sectors viz. Financial Services, Insurance, Travel, Transportation and Logistics, Manufacturing and Distribution and Government.

Pros:
Company has reduced debt.
Company is virtually debt free.
Promoter's stake has increased
Company has been maintaining a healthy dividend payout of 21.20%
Cons:
The company has delivered a poor growth of 9.79% over past five years.

Peer Comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
693 694 745 709 737 756 789 825 907 972 972 963
578 577 600 600 615 631 644 693 743 790 801 824
Operating Profit 114 117 145 109 122 125 145 132 164 181 172 138
OPM % 17% 17% 20% 15% 17% 17% 18% 16% 18% 19% 18% 14%
Other Income 4 7 22 9 8 7 15 22 23 2 2 26
Interest 1 1 2 2 2 2 3 2 2 2 3 3
Depreciation 32 32 31 32 34 31 30 31 32 31 30 40
Profit before tax 86 90 134 85 94 99 126 120 153 150 140 122
Tax % 25% 25% 20% 35% 22% 16% 23% 25% 24% 30% 21% 26%
Net Profit 64 62 100 51 67 76 97 86 112 105 106 88
EPS in Rs 9.60 10.19 16.34 8.35 10.94 12.31 14.02 13.96 18.17 16.27 17.07 14.18
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
942 980 914 1,232 1,576 2,021 2,305 2,372 2,688 2,802 2,991 3,676 3,814
764 812 742 994 1,306 1,689 1,951 2,043 2,216 2,322 2,490 3,026 3,158
Operating Profit 177 168 171 238 270 333 354 330 472 480 501 650 656
OPM % 19% 17% 19% 19% 17% 16% 15% 14% 18% 17% 17% 18% 17%
Other Income 19 18 8 14 30 23 30 -57 22 4 39 46 52
Interest 6 4 2 2 4 5 4 6 8 6 9 9 10
Depreciation 39 42 36 31 36 57 62 92 121 128 127 125 134
Profit before tax 151 139 142 218 260 293 318 176 365 351 404 562 564
Tax % 9% 16% 10% 15% 24% 26% 25% 31% 21% 22% 24% 25%
Net Profit 135 115 126 182 197 213 231 114 270 250 280 403 410
EPS in Rs 21.94 18.45 20.30 29.54 31.78 33.95 36.44 16.75 42.19 40.73 45.56 65.26 65.69
Dividend Payout % 28% 33% 33% 24% 24% 24% 24% 51% 23% 31% 33% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:14.14%
5 Years:9.79%
3 Years:11.00%
TTM:22.74%
Compounded Profit Growth
10 Years:14.33%
5 Years:12.46%
3 Years:14.94%
TTM:25.81%
Stock Price CAGR
10 Years:25.79%
5 Years:31.60%
3 Years:50.29%
1 Year:16.01%
Return on Equity
10 Years:18.83%
5 Years:17.00%
3 Years:18.05%
Last Year:21.26%

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
59 59 59 59 60 60 61 61 61 61 62 62
Reserves 382 329 521 693 850 1,034 1,263 1,296 1,511 1,625 1,712 2,010
Borrowings 65 35 22 12 52 10 9 9 10 25 22 14
237 400 224 259 393 468 502 651 745 778 896 815
Total Liabilities 743 823 825 1,024 1,355 1,572 1,835 2,017 2,328 2,490 2,693 2,901
186 211 185 189 423 438 453 558 903 848 879 819
CWIP 52 105 129 137 0 28 129 120 17 0 1 1
Investments 131 0 47 44 55 82 55 55 75 316 365 365
374 507 464 653 876 1,024 1,198 1,283 1,334 1,327 1,448 1,716
Total Assets 743 823 825 1,024 1,355 1,572 1,835 2,017 2,328 2,490 2,693 2,901

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
115 165 138 55 164 235 145 258 360 472 382 453
-104 8 -92 -35 -87 -107 -78 -184 -223 -343 -248 -237
-39 -80 -61 -55 -17 -91 -53 -66 -73 -67 -74 -106
Net Cash Flow -28 92 -16 -35 61 37 14 7 64 62 60 109

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 % 31% 29% 28% 32% 30% 28% 26% 19% 25% 23% 23% 30%
Debtor Days 84 72 74 81 77 82 89 93 80 61 71 58
Inventory Turnover 2,215.32 1,187.81 1,149.32 2,325.00 2,425.34 833.55 493.57 345.34 610.19 9,340.33 9,971.33 24,508.00