NINtec Systems Ltd
Incorporated in 1997, NINtec Systems Ltd provides software development services and solutions
- Market Cap ₹ 1,329 Cr.
- Current Price ₹ 715
- High / Low ₹ 937 / 281
- Stock P/E 45.2
- Book Value ₹ 44.0
- Dividend Yield 0.00 %
- ROCE 52.7 %
- ROE 40.1 %
- Face Value ₹ 10.0
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 16.3 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.
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | 4 | 8 | 8 | 9 | 20 | 32 | 65 | 86 | 102 | 104 | |
| 1 | 3 | 3 | 7 | 7 | 7 | 16 | 26 | 47 | 57 | 64 | 62 | |
| Operating Profit | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 6 | 18 | 29 | 38 | 42 |
| OPM % | 15% | 15% | 6% | 9% | 14% | 17% | 17% | 18% | 28% | 34% | 38% | 40% |
| 0 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 2 | 4 | 2 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 2 |
| Profit before tax | 0 | 1 | 1 | 1 | 2 | 2 | 4 | 7 | 19 | 31 | 37 | 39 |
| Tax % | 32% | 31% | 33% | 28% | 23% | 24% | 25% | 25% | 25% | 25% | 25% | |
| 0 | 0 | 1 | 1 | 1 | 1 | 3 | 6 | 14 | 23 | 28 | 29 | |
| 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 | 15.84 |
| 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: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 71% |
| 5 Years: | 88% |
| 3 Years: | 76% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 59% |
| 5 Years: | 129% |
| 3 Years: | 26% |
| 1 Year: | 63% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Export Revenue Share (Software Export + SEZ Sales as % of Revenue from Operations) % |
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| Total Permanent Employees employees |
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| Number of Wholly Owned Subsidiaries count |
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| Subsidiary (Nintec Systems B.V., Netherlands) Revenue Share % of consolidated revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement about AGM and e voting information
- Reg. 34 (1) Annual Report.
- The 11Th Annual General Meeting (''AGM'') Of The Company Will Be Held On Friday, September 18, 2026, At 3.00 P.M. IST Through Video Conferencing / Other Audio Visual Means.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Announcement Under Regulation 30
- 11th AGM scheduled for 18 September 2026 at 3:00 P.M. via VC/OAVM.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
Concalls
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Jun 2024TranscriptPPTREC
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]