NINtec Systems Ltd

NINtec Systems Ltd

₹ 464 -2.12%
13 Jun - close price
About

Incorporated in 1997, NINtec Systems Ltd provides software development services and solutions

Key Points

Business Overview:[1]
Company is a global offshore Software Development Services & Solutions company and information technology service provider. It serves 30 of Fortune 500 Companies and 100 SMEs across 18 industry verticals. Company is listed as an SME

  • Market Cap 861 Cr.
  • Current Price 464
  • High / Low 691 / 411
  • Stock P/E 37.0
  • Book Value 30.6
  • Dividend Yield 0.00 %
  • ROCE 66.2 %
  • ROE 51.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 85.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.3%

Cons

  • Stock is trading at 15.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 53.5 days to 117 days

* 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

Mar 2022 Jun 2022 Sep 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
6.02 6.42 6.54 10.41 13.14 14.81 17.48 19.31 20.64 20.74 21.26 23.20
5.04 4.89 5.16 9.12 9.51 10.53 12.94 13.62 14.26 13.46 13.09 16.05
Operating Profit 0.98 1.53 1.38 1.29 3.63 4.28 4.54 5.69 6.38 7.28 8.17 7.15
OPM % 16.28% 23.83% 21.10% 12.39% 27.63% 28.90% 25.97% 29.47% 30.91% 35.10% 38.43% 30.82%
0.18 0.18 0.33 1.32 0.18 0.37 0.41 0.69 0.55 1.00 0.83 2.07
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.07 0.07 0.07 0.06
Depreciation 0.08 0.09 0.09 0.23 0.23 0.25 0.26 0.35 0.38 0.41 0.63 0.65
Profit before tax 1.08 1.62 1.62 2.38 3.58 4.40 4.69 6.00 6.48 7.80 8.30 8.51
Tax % 20.37% 24.69% 25.93% 19.33% 24.86% 25.45% 26.65% 22.00% 24.23% 23.97% 27.11% 24.44%
0.85 1.22 1.20 1.92 2.69 3.29 3.42 4.67 4.90 5.93 6.05 6.43
EPS in Rs 0.46 0.66 0.65 1.03 1.45 1.77 1.84 2.51 2.64 3.19 3.26 3.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1 3 4 8 8 9 20 32 65 86
1 3 3 7 7 7 16 26 47 57
Operating Profit 0 0 0 1 1 1 3 6 18 29
OPM % 15% 15% 6% 9% 14% 17% 17% 18% 28% 34%
0 0 1 1 1 0 1 2 2 4
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 1 1 2
Profit before tax 0 1 1 1 2 2 4 7 19 31
Tax % 32% 31% 33% 28% 23% 24% 25% 25% 25% 25%
0 0 1 1 1 1 3 6 14 23
EPS in Rs 0.10 0.24 0.28 0.46 0.69 0.70 1.49 2.98 7.57 12.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 62%
3 Years: 63%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 86%
3 Years: 111%
TTM: 74%
Stock Price CAGR
10 Years: %
5 Years: 171%
3 Years: 191%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: 41%
3 Years: 47%
Last Year: 52%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 7 7 7 7 7 7 10 19 19
Reserves 0 1 1 2 3 4 7 9 15 38
0 0 0 0 0 0 0 0 2 2
0 1 1 1 1 2 3 6 10 14
Total Liabilities 5 8 9 10 11 13 17 26 46 73
0 0 0 0 1 0 1 2 4 7
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 4 5 5 3 6 8 9 6 18 20
1 3 3 7 5 5 7 18 24 45
Total Assets 5 8 9 10 11 13 17 26 46 73

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 -2 -0 -0 -0 0 1 4 9 22
-0 0 0 1 -0 0 -0 3 -15 -6
5 2 -0 0 0 0 0 0 2 -0
Net Cash Flow 2 -0 -0 0 -0 1 1 7 -3 16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 193 4 5 169 61 20 21 41 49 45
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 193 4 5 169 61 20 21 41 49 45
Working Capital Days 135 -18 -11 138 53 4 -5 11 33 117
ROCE % 9% 5% 9% 15% 14% 26% 41% 64% 66%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.27% 47.23% 47.23% 47.23% 47.23% 47.23% 47.25% 47.29% 47.29% 47.37% 47.37% 47.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01% 0.01% 0.11% 0.02%
52.73% 52.77% 52.76% 52.76% 52.77% 52.78% 52.74% 52.70% 52.70% 52.61% 52.50% 52.61%
No. of Shareholders 67771351,6293,0236,4757,0007,5228,10510,15010,2889,975

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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