NINtec Systems Ltd

₹ 721 -1.80%

02 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 ₹ 1,336 Cr.
Current Price ₹ 721
High / Low ₹ 767 / 281
Stock P/E 41.7
Book Value ₹ 49.3
Dividend Yield 0.00 %
ROCE 55.0 %
ROE 41.8 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 45.1%

Cons

Stock is trading at 14.6 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Working capital days have increased from 54.1 days to 108 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

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	23.16	31.93	32.88	33.88	35.19	37.85	38.83	41.69	43.28	46.37
	18.08	25.01	25.39	25.67	26.30	29.53	30.40	31.45	32.22	32.41
Operating Profit	5.08	6.92	7.49	8.21	8.89	8.32	8.43	10.24	11.06	13.96
OPM %	21.93%	21.67%	22.78%	24.23%	25.26%	21.98%	21.71%	24.56%	25.55%	30.11%
	0.41	0.69	0.55	1.00	0.83	2.07	2.40	0.83	0.05	-1.31
Interest	0.00	0.03	0.07	0.10	0.08	0.06	0.07	0.07	0.06	0.13
Depreciation	0.26	0.35	0.38	0.41	0.63	0.65	0.60	0.63	0.64	0.64
Profit before tax	5.23	7.23	7.59	8.70	9.01	9.68	10.16	10.37	10.41	11.88
Tax %	26.00%	21.58%	24.37%	25.17%	25.42%	24.17%	24.70%	24.11%	25.55%	26.35%
	3.87	5.67	5.73	6.51	6.73	7.35	7.65	7.87	7.75	8.74
EPS in Rs	2.08	3.05	3.08	3.50	3.62	3.96	4.12	4.24	4.17	4.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
	83	140	170
	63	107	126
Operating Profit	20	33	44
OPM %	24%	24%	26%
	2	4	2
Interest	0	0	0
Depreciation	1	2	3
Profit before tax	20	35	43
Tax %	24%	25%	25%
	16	26	32
EPS in Rs	8.35	14.17	17.23
Dividend Payout %	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	22%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	27%

Stock Price CAGR
10 Years:	68%
5 Years:	152%
3 Years:	42%
1 Year:	57%

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19
Reserves	16	43	73
	2	2	2
	23	50	51
Total Liabilities	60	113	144
	4	7	5
CWIP	0	0	0
Investments	18	20	36
	38	86	103
Total Assets	60	113	144

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	10	24
	-14	-6
	2	-0
Net Cash Flow	-2	17
Free Cash Flow	7	18
CFO/OP	74%	96%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
Debtor Days	99	128	105
Inventory Days	0	0	0
Days Payable
Cash Conversion Cycle	99	128	105
Working Capital Days	29	25	108
ROCE %		67%	55%

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 ・Standalone data

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							x.xx	xx.xx	xx.xx
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Export Revenue Percentage
% ・Standalone data

Total Permanent Employees
Number ・Standalone data

Top Related-Party Client Revenue Concentration
% ・Standalone data

Average Salary Increase - Managerial
% ・Standalone data

Average Salary Increase - Non-Managerial
% ・Standalone data

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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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Documents

Announcements

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Annual reports

DRHP

Concalls

Jun 2024
Transcript
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