NINtec Systems Ltd
Incorporated in 1997, NINtec Systems Ltd provides software development services and solutions
- Market Cap ₹ 776 Cr.
- Current Price ₹ 417
- High / Low ₹ 660 / 390
- Stock P/E 30.1
- Book Value ₹ 37.7
- Dividend Yield 0.00 %
- ROCE 63.1 %
- ROE 49.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 84.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.1%
Cons
- Stock is trading at 11.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | 4 | 8 | 8 | 9 | 20 | 32 | 65 | 86 | 93 | |
| 1 | 3 | 3 | 7 | 7 | 7 | 16 | 26 | 47 | 57 | 62 | |
| Operating Profit | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 6 | 18 | 29 | 31 |
| OPM % | 15% | 15% | 6% | 9% | 14% | 17% | 17% | 18% | 28% | 34% | 33% |
| 0 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 2 | 4 | 6 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | 0 | 1 | 1 | 1 | 2 | 2 | 4 | 7 | 19 | 31 | 35 |
| Tax % | 32% | 31% | 33% | 28% | 23% | 24% | 25% | 25% | 25% | 25% | |
| 0 | 0 | 1 | 1 | 1 | 1 | 3 | 6 | 14 | 23 | 26 | |
| EPS in Rs | 0.10 | 0.24 | 0.28 | 0.46 | 0.69 | 0.70 | 1.49 | 2.98 | 7.57 | 12.55 | 13.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 62% |
| 3 Years: | 63% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 84% |
| 3 Years: | 108% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 103% |
| 3 Years: | 53% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 46% |
| Last Year: | 49% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 10 | 19 | 19 | 19 |
| Reserves | 0 | 1 | 1 | 2 | 3 | 4 | 7 | 9 | 15 | 38 | 52 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | |
| 0 | 1 | 1 | 1 | 1 | 2 | 3 | 6 | 10 | 14 | 21 | |
| Total Liabilities | 5 | 8 | 9 | 10 | 11 | 13 | 17 | 26 | 46 | 73 | 93 |
| 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 4 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 5 | 5 | 3 | 6 | 8 | 9 | 6 | 18 | 21 | 25 |
| 1 | 3 | 3 | 7 | 5 | 5 | 7 | 18 | 24 | 45 | 62 | |
| Total Assets | 5 | 8 | 9 | 10 | 11 | 13 | 17 | 26 | 46 | 73 | 93 |
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 | 30 |
| ROCE % | 9% | 5% | 9% | 15% | 14% | 26% | 41% | 64% | 63% |
Documents
Announcements
-
Disclosure Pursuant To Regulation 29(2) Of SEBI (SAST)
Regulations, 2011
21 Nov - Promoter Rachana Niraj Gemawat bought 8,936 shares (0.04%), increasing holding to 13.78% on 21 Nov 2025.
-
General - Disclosure Under Regulation 7(2) Of PIT Regulations
21 Nov - Promoter Rachana Gemawat purchased 8,936 shares on 21-Nov-2025; holding rose to 2,561,611 (≈13.78%).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Nov
-
Board Meeting Outcome for Results - Financial Results For Sept 30, 2025
12 Nov - Q2 consolidated revenue Rs4,251.68L; Q2 PAT Rs787.02L; H1 PAT Rs1,552.09L.
- Results - Financial Results For Sept 30, 2025 12 Nov
Annual reports
Concalls
-
Jun 2024TranscriptPPTREC
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