Cigniti Technologies Ltd

Cigniti Technologies Ltd

₹ 1,359 -0.25%
24 Feb 11:14 a.m.
About

Cigniti Technologies Ltd is engaged in providing quality engineering & software testing services to clients across various industries. It was incorporated in 1998 in Hyderabad, Telangana.[1]

Key Points

Services Offered
The company provides software testing and analysis services in the areas of Quality Assurance, Next Generation Testing, Digital Assurance, Quality Engineering, Advisory & Transformation, IP & Innovation, etc. It uses multiple solutions for automated testing like AI-driven prediction tools. [1]

  • Market Cap 3,706 Cr.
  • Current Price 1,359
  • High / Low 1,981 / 1,000
  • Stock P/E 36.0
  • Book Value 200
  • Dividend Yield 0.22 %
  • ROCE 24.5 %
  • ROE 20.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Promoter holding has increased by 32.6% over last quarter.
  • Company's median sales growth is 15.1% of last 10 years

Cons

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
121 125 152 173 184 188 190 196 203 200 212 253 270
100 111 129 135 141 146 154 157 164 190 189 209 207
Operating Profit 21 14 23 37 44 41 36 39 39 10 22 44 63
OPM % 17% 11% 15% 22% 24% 22% 19% 20% 19% 5% 11% 17% 23%
2 4 2 3 5 3 5 5 7 9 -24 9 2
Interest 1 1 1 0 1 0 0 0 1 1 0 1 0
Depreciation 4 4 5 5 5 5 5 5 6 6 6 7 7
Profit before tax 18 13 20 35 43 39 36 39 39 12 -8 45 58
Tax % 27% 32% 24% 26% 27% 26% 26% 24% 25% 27% -13% 23% 24%
13 9 15 26 32 29 27 29 30 9 -7 35 44
EPS in Rs 4.74 3.27 5.35 9.29 11.27 10.31 9.66 10.73 10.81 3.24 -2.63 12.84 16.07
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
24 56 114 204 275 244 261 300 311 456 697 789 935
20 42 105 152 253 208 217 241 250 399 551 664 796
Operating Profit 3 14 9 52 22 36 44 59 61 56 145 125 139
OPM % 14% 25% 8% 25% 8% 15% 17% 20% 20% 12% 21% 16% 15%
0 0 1 1 -190 2 29 19 13 14 13 26 -4
Interest 0 0 1 2 5 8 3 4 4 3 2 2 2
Depreciation 1 2 5 8 5 2 3 10 10 13 19 22 26
Profit before tax 2 12 5 43 -178 28 67 65 60 54 137 126 107
Tax % 31% 32% 33% 26% 5% 10% 11% 8% 9% 27% 26% 25%
1 8 4 32 -187 25 60 60 54 39 102 95 81
EPS in Rs 0.63 3.86 1.45 12.53 -70.65 9.59 21.69 21.42 19.43 14.00 36.21 34.72 29.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 13% 18% 15% 9%
Compounded Sales Growth
10 Years: 30%
5 Years: 25%
3 Years: 36%
TTM: 20%
Compounded Profit Growth
10 Years: 28%
5 Years: 10%
3 Years: 20%
TTM: -10%
Stock Price CAGR
10 Years: 11%
5 Years: 38%
3 Years: 39%
1 Year: 24%
Return on Equity
10 Years: 16%
5 Years: 19%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 19 21 25 26 27 27 28 28 28 28 27 27 27
Reserves 32 72 207 274 103 145 211 266 323 355 409 483 519
1 3 12 20 63 60 11 48 44 53 50 53 22
3 21 21 61 48 47 40 46 51 68 98 113 117
Total Liabilities 55 117 265 381 241 279 289 387 445 504 584 677 685
6 11 13 52 8 6 13 42 36 51 41 35 36
CWIP 4 4 47 21 0 0 0 0 0 0 0 0 0
Investments 23 53 67 70 70 69 69 118 150 190 277 349 334
23 49 138 238 163 204 207 227 260 263 266 293 315
Total Assets 55 117 265 381 241 279 289 387 445 504 584 677 685

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7 10 -20 112 -29 14 99 93 61 49 121 72
-4 -43 -105 -129 -10 -3 2 -135 -43 -44 -55 -43
12 35 146 -7 26 -11 -47 -9 -9 -17 -64 -36
Net Cash Flow 0 3 21 -24 -13 -0 55 -51 9 -12 1 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 144 148 136 91 147 221 151 90 102 70 52 66
Inventory Days
Days Payable
Cash Conversion Cycle 144 148 136 91 147 221 151 90 102 70 52 66
Working Capital Days 224 92 132 34 143 225 165 119 110 71 43 53
ROCE % 4% 16% 4% 16% 7% 17% 29% 23% 17% 14% 30% 24%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
33.90% 35.25% 36.81% 36.81% 34.61% 34.59% 33.46% 32.77% 32.77% 32.77% 22.68% 55.32%
0.75% 0.74% 0.79% 1.59% 5.13% 6.22% 6.32% 6.04% 6.06% 5.73% 4.64% 8.25%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 0.07% 0.09% 2.12% 6.97% 10.42%
65.35% 64.01% 62.39% 61.61% 60.25% 59.18% 60.04% 61.11% 61.08% 59.37% 65.71% 26.00%
No. of Shareholders 15,11415,03112,73713,27914,45117,06519,03321,30223,33922,31820,60225,470

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls