NINtec Systems Ltd

₹ 690 -0.05%

12 Jun - close price

nintecsystems.com BSE: 539843 NSE: NINSYS

About

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

Key Points

Business Overview:^[1]
Company provides software services and solutions, including offshore software product development, application development and maintenance, software migration, multimedia and web design, digitization of engineering drawings, and search engine optimization services. It is part of the Gateway Group.^[2]

Website BSE NSE - BE

Market Cap ₹ 1,281 Cr.
Current Price ₹ 690
High / Low ₹ 767 / 281
Stock P/E 46.1
Book Value ₹ 44.0
Dividend Yield 0.00 %
ROCE 52.7 %
ROE 40.1 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has delivered good profit growth of 88.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 45.0%
Company's median sales growth is 47.8% of last 10 years

Cons

Stock is trading at 15.7 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Working capital days have increased from 74.9 days to 162 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.

Peer comparison

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE Information Technology

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	10.41	13.14	14.81	17.48	19.31	20.64	20.74	21.26	23.20	23.39	25.17	26.15	26.98
	9.12	9.51	10.53	12.94	13.62	14.26	13.46	13.09	16.05	16.33	16.40	16.45	14.36
Operating Profit	1.29	3.63	4.28	4.54	5.69	6.38	7.28	8.17	7.15	7.06	8.77	9.70	12.62
OPM %	12.39%	27.63%	28.90%	25.97%	29.47%	30.91%	35.10%	38.43%	30.82%	30.18%	34.84%	37.09%	46.78%
	1.32	0.18	0.37	0.41	0.69	0.55	1.00	0.83	2.07	2.40	0.83	0.05	-1.31
Interest	0.00	0.00	0.00	0.00	0.03	0.07	0.07	0.07	0.06	0.07	0.06	0.06	0.13
Depreciation	0.23	0.23	0.25	0.26	0.35	0.38	0.41	0.63	0.65	0.60	0.63	0.64	0.64
Profit before tax	2.38	3.58	4.40	4.69	6.00	6.48	7.80	8.30	8.51	8.79	8.91	9.05	10.54
Tax %	19.33%	24.86%	25.45%	26.65%	22.00%	24.23%	23.97%	27.11%	24.44%	24.57%	25.25%	25.30%	26.47%
	1.92	2.69	3.29	3.42	4.67	4.90	5.93	6.05	6.43	6.63	6.66	6.76	7.74
EPS in Rs	1.03	1.45	1.77	1.84	2.51	2.64	3.19	3.26	3.46	3.57	3.59	3.64	4.17
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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	Mar 2026
	1	3	4	8	8	9	20	32	65	86	102
	1	3	3	7	7	7	16	26	47	57	64
Operating Profit	0	0	0	1	1	1	3	6	18	29	38
OPM %	15%	15%	6%	9%	14%	17%	17%	18%	28%	34%	38%
	0	0	1	1	1	0	1	2	2	4	2
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	37
Tax %	32%	31%	33%	28%	23%	24%	25%	25%	25%	25%	25%
	0	0	1	1	1	1	3	6	14	23	28
EPS in Rs	0.10	0.24	0.28	0.46	0.69	0.70	1.49	2.98	7.57	12.55	14.97
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	56%
5 Years:	63%
3 Years:	47%
TTM:	18%

Compounded Profit Growth
10 Years:	71%
5 Years:	88%
3 Years:	76%
TTM:	25%

Stock Price CAGR
10 Years:	66%
5 Years:	139%
3 Years:	28%
1 Year:	49%

Return on Equity
10 Years:	35%
5 Years:	42%
3 Years:	45%
Last Year:	40%

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	Mar 2026
Equity Capital	5	7	7	7	7	7	7	10	19	19	19
Reserves	0	1	1	2	3	4	7	9	15	38	63
	0	0	0	0	0	0	0	0	2	2	2
	0	1	1	1	1	2	3	6	10	14	22
Total Liabilities	5	8	9	10	11	13	17	26	46	73	105
	0	0	0	0	1	0	1	2	4	7	5
CWIP	0	0	0	0	0	0	0	0	0	0	0
Investments	4	5	5	3	6	8	9	6	18	21	36
	1	3	3	7	5	5	7	18	24	45	63
Total Assets	5	8	9	10	11	13	17	26	46	73	105

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	Mar 2026
	-2	-2	-0	-0	-0	0	1	4	9	22	24
	-0	0	0	1	-0	0	-0	3	-15	-6	-13
	5	2	-0	0	0	0	0	0	2	-0	-0
Net Cash Flow	2	-0	-0	0	-0	1	1	7	-3	16	10
Free Cash Flow	-3	-2	-1	-0	-1	0	1	3	6	17	23
CFO/OP	-1,361%	-455%	-30%	-22%	20%	39%	52%	86%	78%	102%	89%

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	Mar 2026
Debtor Days	193	4	5	169	61	20	21	41	49	45	54
Inventory Days				0			0
Days Payable
Cash Conversion Cycle	193	4	5	169	61	20	21	41	49	45	54
Working Capital Days	135	-18	-11	138	53	4	-5	11	33	30	162
ROCE %		9%	5%	9%	15%	14%	26%	41%	64%	63%	53%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Software Export Income
INR Thousands

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			xx.xx	xx.xx	xx.xx		x.xx	xx.xx
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Export Revenue Percentage
%

Total Permanent Employees
Number

Top Related-Party Client Revenue Concentration
%

Average Salary Increase - Managerial
%

Average Salary Increase - Non-Managerial
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

26 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	47.23%	47.23%	47.25%	47.29%	47.29%	47.37%	47.37%	47.37%	47.37%	47.37%	47.42%	47.48%
	0.00%	0.00%	0.01%	0.00%	0.01%	0.01%	0.11%	0.02%	0.00%	0.00%	0.01%	0.00%
	52.77%	52.78%	52.74%	52.70%	52.70%	52.61%	52.50%	52.61%	52.63%	52.62%	52.56%	52.51%
No. of Shareholders	3,023	6,475	7,000	7,522	8,105	10,150	10,288	9,975	9,719	9,285	8,721	8,312

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46.62%	47.24%	47.24%	47.24%	47.31%	47.38%	47.23%	47.29%	47.37%	47.48%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%
	53.38%	52.76%	52.76%	52.76%	52.69%	52.62%	52.76%	52.70%	52.61%	52.51%
No. of Shareholders	97	86	80	75	79	66	1,629	7,522	9,975	8,312

* 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.

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Jun 2024
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