NIIT Ltd

NIIT Ltd

₹ 197 3.72%
22 Nov 11:03 a.m.
About

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges. [1]

Key Points

Revenue Segments FY22
[DEMERGED] Corporate Learning Group (82%)- It offers Managed Training Services and Learning & Development transformation services to market-leading companies in North America, Europe, Asia, and Oceania.
Skill & Careers Group (18%)- It delivers a diverse range of learning and talent development programs to individuals and corporate learners in established and growth areas. The Company provides these programs in India & China. [1]

  • Market Cap 2,664 Cr.
  • Current Price 197
  • High / Low 208 / 90.6
  • Stock P/E 57.2
  • Book Value 77.4
  • Dividend Yield 0.64 %
  • ROCE 4.64 %
  • ROE 3.80 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 85.2%
  • Debtor days have improved from 118 to 46.0 days.
  • Promoter holding has increased by 2.60% over last quarter.

Cons

  • The company has delivered a poor sales growth of -18.9% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.39% over last 3 years.
  • Earnings include an other income of Rs.71.7 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
316 385 81 94 94 93 60 63 81 85 74 82 91
242 303 81 96 92 86 71 70 80 78 74 84 92
Operating Profit 73 81 0 -2 2 7 -11 -8 1 7 0 -1 -1
OPM % 23% 21% 0% -2% 3% 7% -18% -13% 2% 8% 1% -1% -1%
14 8 62 1 10 11 12 15 15 16 18 17 21
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 14 14 6 4 4 4 4 4 4 5 5 6 6
Profit before tax 73 75 57 -5 8 14 -3 3 11 18 13 10 14
Tax % 28% 24% -21% -16% 19% -16% 202% 22% 6% 18% 11% 15% 13%
52 57 68 -5 7 16 -9 2 11 15 11 8 12
EPS in Rs 3.93 4.11 5.03 -0.48 0.35 1.06 -0.70 0.16 0.79 1.06 0.83 0.57 0.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
953 943 953 1,002 845 850 865 889 960 251 341 303 333
909 890 927 929 785 780 796 835 799 248 345 302 327
Operating Profit 45 53 26 73 60 71 70 54 161 3 -3 1 5
OPM % 5% 6% 3% 7% 7% 8% 8% 6% 17% 1% -1% 0% 2%
-8 17 -68 7 74 75 100 1,408 85 236 34 64 72
Interest 18 19 17 24 28 22 23 20 9 1 1 2 2
Depreciation 86 78 107 49 46 40 33 60 59 15 16 18 21
Profit before tax -68 -26 -166 7 61 84 114 1,383 177 221 13 45 55
Tax % -64% 35% 1% 50% 30% 24% 24% 4% 19% -4% 36% 13%
27 19 -140 70 42 64 87 1,327 144 230 8 40 47
EPS in Rs 1.59 1.08 -8.39 4.06 2.47 3.75 5.17 93.81 10.05 16.89 0.24 2.84 3.33
Dividend Payout % 101% 149% -0% -0% -0% -0% 97% 11% 25% 18% 212% 26%
Compounded Sales Growth
10 Years: -11%
5 Years: -19%
3 Years: -32%
TTM: 12%
Compounded Profit Growth
10 Years: 13%
5 Years: -15%
3 Years: -29%
TTM: 155%
Stock Price CAGR
10 Years: 31%
5 Years: 50%
3 Years: 26%
1 Year: 62%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 6%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 33 33 33 33 33 33 33 28 28 27 27 27 27
Reserves 635 641 697 772 650 690 800 1,492 1,612 1,488 969 1,007 1,021
153 128 155 195 177 178 207 166 58 25 13 8 8
388 319 284 337 509 481 425 352 452 566 131 122 134
Total Liabilities 1,208 1,121 1,168 1,337 1,370 1,382 1,465 2,039 2,151 2,107 1,140 1,163 1,190
220 185 110 107 194 219 228 357 310 371 245 260 283
CWIP 12 18 4 2 15 28 53 20 5 6 16 16 2
Investments 236 290 526 582 586 604 2 844 859 722 572 586 620
739 628 527 646 575 531 1,182 818 978 1,008 306 302 285
Total Assets 1,208 1,121 1,168 1,337 1,370 1,382 1,465 2,039 2,151 2,107 1,140 1,163 1,190

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
58 62 31 70 111 88 46 51 236 288 2 9
-52 -25 -19 -67 -48 -63 -54 746 -50 229 -226 3
-0 -76 -6 16 -43 -21 1 -809 -98 -386 -34 -23
Net Cash Flow 5 -40 5 19 20 4 -7 -12 88 131 -258 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 142 98 72 88 73 71 70 56 55 275 33 46
Inventory Days 29 31 31
Days Payable 554 816 980
Cash Conversion Cycle -384 -686 -877 88 73 71 70 56 55 275 33 46
Working Capital Days 47 35 11 28 -30 -57 -29 24 -14 -89 42 18
ROCE % -4% -2% -8% 3% 9% 12% 14% 3% 8% 0% 1% 5%

Shareholding Pattern

Numbers in percentages

37 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
35.08% 35.03% 34.98% 34.88% 34.86% 34.85% 34.84% 34.81% 34.73% 34.71% 34.66% 37.25%
22.81% 21.48% 21.70% 21.21% 20.49% 20.70% 21.09% 18.77% 18.44% 18.17% 17.43% 13.58%
11.66% 12.14% 11.72% 11.88% 12.24% 13.13% 12.31% 12.72% 12.69% 12.58% 12.56% 11.51%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
30.43% 31.34% 31.59% 32.02% 32.39% 31.31% 31.74% 33.68% 34.10% 34.50% 35.34% 37.63%
No. of Shareholders 98,3071,07,3051,06,6711,07,6191,05,35097,2851,02,7891,09,6111,09,0961,13,1551,11,1911,13,590

* 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.

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