NIIT Ltd

NIIT Ltd

₹ 216 0.46%
11 Dec 3:59 p.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 2,926 Cr.
  • Current Price 216
  • High / Low 234 / 90.6
  • Stock P/E 76.2
  • Book Value 76.5
  • Dividend Yield 0.58 %
  • ROCE 3.76 %
  • ROE 3.46 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 118 to 62.3 days.
  • Promoter holding has increased by 2.60% over last quarter.
  • Company's working capital requirements have reduced from 161 days to 48.2 days

Cons

  • Stock is trading at 2.82 times its book value
  • The company has delivered a poor sales growth of -19.2% over past five years.
  • Company has a low return on equity of 3.77% over last 3 years.
  • Earnings include an other income of Rs.82.6 Cr.
  • Dividend payout has been low at 6.04% of profits over last 3 years

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
111.45 120.91 35.28 43.90 45.64 42.73 25.17 26.07 41.70 31.99 30.06 30.03 35.69
102.45 117.25 44.45 57.33 52.34 50.41 39.85 37.78 43.25 38.50 35.28 37.77 44.48
Operating Profit 9.00 3.66 -9.17 -13.43 -6.70 -7.68 -14.68 -11.71 -1.55 -6.51 -5.22 -7.74 -8.79
OPM % 8.08% 3.03% -25.99% -30.59% -14.68% -17.97% -58.32% -44.92% -3.72% -20.35% -17.37% -25.77% -24.63%
54.15 15.72 70.55 1.25 10.79 11.33 12.27 15.86 14.95 24.79 18.68 17.67 21.45
Interest 0.23 0.22 0.19 0.21 0.20 0.18 0.18 0.22 0.22 0.25 0.44 0.30 0.30
Depreciation 5.23 4.30 3.89 2.58 2.69 2.72 2.65 2.45 2.68 3.31 3.34 3.91 3.99
Profit before tax 57.69 14.86 57.30 -14.97 1.20 0.75 -5.24 1.48 10.50 14.72 9.68 5.72 8.37
Tax % 11.18% 26.38% -23.49% -20.91% -75.83% -290.67% 97.52% 4.05% 2.00% 6.59% 4.24% 1.40% 1.43%
51.24 10.94 70.75 -11.83 2.11 2.93 -10.34 1.43 10.29 13.75 9.27 5.65 8.25
EPS in Rs 3.84 0.82 5.28 -0.88 0.16 0.22 -0.77 0.11 0.76 1.02 0.69 0.42 0.61
Raw PDF

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
634 513 344 377 363 362 378 401 368 126 157 130 128
596 491 351 370 364 351 371 369 344 153 200 155 156
Operating Profit 38 22 -7 7 -0 11 6 32 24 -27 -42 -25 -28
OPM % 6% 4% -2% 2% -0% 3% 2% 8% 7% -21% -27% -19% -22%
67 63 -48 43 45 39 63 1,529 71 168 36 74 83
Interest 18 19 14 21 24 20 20 14 4 1 1 1 1
Depreciation 78 68 43 28 24 24 23 35 27 10 11 12 15
Profit before tax 8 -2 -113 1 -3 6 27 1,512 65 130 -18 36 38
Tax % 86% 312% 3% 85% 20% 9% 4% 10% 17% -10% -6% 5%
1 -8 -116 0 -4 5 26 1,368 54 142 -17 35 37
EPS in Rs 0.07 -0.47 -7.03 0.01 -0.21 0.31 1.52 96.70 3.77 10.63 -1.27 2.57 2.74
Dividend Payout % 2,277% -340% 0% 0% 0% 0% 328% 10% 66% 28% -39% 29%
Compounded Sales Growth
10 Years: -13%
5 Years: -19%
3 Years: -29%
TTM: -6%
Compounded Profit Growth
10 Years: 19%
5 Years: 9%
3 Years: -9%
TTM: 537%
Stock Price CAGR
10 Years: 33%
5 Years: 53%
3 Years: 29%
1 Year: 88%
Return on Equity
10 Years: 2%
5 Years: 4%
3 Years: 4%
Last Year: 3%

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 33 33 33 33 33 33 33 28 28 27 27 27 27
Reserves 419 387 779 779 747 759 776 1,504 1,537 1,335 963 1,001 1,009
158 128 125 175 179 172 214 68 17 9 7 5 5
303 205 135 147 174 146 147 141 136 157 71 68 62
Total Liabilities 913 752 1,071 1,133 1,134 1,111 1,170 1,742 1,719 1,528 1,068 1,102 1,104
190 149 62 65 166 160 172 207 168 163 147 164 189
CWIP 12 11 4 1 10 9 11 8 2 6 14 15 2
Investments 207 186 742 742 763 728 194 949 997 940 712 736 762
505 406 264 324 195 214 793 577 551 418 194 186 151
Total Assets 913 752 1,071 1,133 1,134 1,111 1,170 1,742 1,719 1,528 1,068 1,102 1,104

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
56 4 36 51 31 18 -16 28 85 53 -31 -1
-19 41 -26 -75 -8 -12 26 825 -62 313 24 8
1 -80 -19 27 -13 -23 13 -854 -45 -366 4 -6
Net Cash Flow 38 -35 -9 3 10 -17 23 -1 -22 -0 -4 0

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 147 129 141 117 86 102 104 84 72 258 33 62
Inventory Days 31 33 34 66
Days Payable 419 503 735 987
Cash Conversion Cycle -240 -341 -560 -805 86 102 104 84 72 258 33 62
Working Capital Days 8 36 16 38 -66 -46 469 157 64 286 148 48
ROCE % 4% 3% -2% 2% 2% 4% 4% 5% 4% 4% -1% 4%

Shareholding Pattern

Numbers in percentages

8 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.

Documents

Concalls