NINtec Systems Ltd
Incorporated in 1997, NINtec Systems Ltd provides software development services and solutions
- Market Cap ₹ 1,453 Cr.
- Current Price ₹ 782
- High / Low ₹ 937 / 281
- Stock P/E 52.3
- 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 17.8 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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: | 64% |
| 5 Years: | 133% |
| 3 Years: | 26% |
| 1 Year: | 84% |
| 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)-Change in Management
1d - VP-Talent Acquisition & Operations Chainsingh Rathod resigned effective 31 July 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Jul - NINtec delivered enterprise AI platform for a leading European automotive marketplace.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; no dematerialization requests received.
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General Update - Disclosure Under Reg. 29(2) Of SEBI (SAST) Regulations
1 Jul - Promoter group bought 6,500 shares on 29-30 June 2026; holding rose to 18.44%.
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General Update - Disclosure Under Regulation 7(2) Of SEBI (PIT) Regulations
1 Jul - Promoter-Managing Director Niraj Gemawat bought 6,500 shares on 29-30 June 2026 via NSE/BSE.
Annual reports
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]