Cigniti Technologies

₹1301 4.7 | 0.4%

WEBSITE BSE:534758 NSE : CIGNITI TECH 10 May, 16:01

Market Cap ₹3552 Cr.

Stock P/E 21.4

P/B 4.8

Current Price ₹1301

Book Value ₹ 270.4

Face Value 10

52W High ₹1394

Dividend Yield 0.42%

52W Low ₹ 757.7

Edit Ratio

Cigniti Technologies Research see more...

Overview Inc. Year: 1998Industry: IT - Software

Cigniti Technologies Ltd presents software testing services globally.It offers digital warranty services, together with artificial intelligence, Internet of Things, blockchain, big data and analytics, and mobile testing offerings, in addition to digital warranty and testing, robotic system automation, cloud migration guarantee, and 5G guarantee services. It additionally presents pleasant engineering services, such as DevOps testing, compatibility, practical, performance, security, and regression testing, test automation, and crowd sourced testing. In addition, the corporation offers enterprise software assurance services comprising clinical device testing, ERP testing, and salesforce testing; and check management offerings, inclusive of agile testing, service virtualization, and test data management; and check advisory and transformation services. It serves the airways, banking, communications, energy and utilities, financial services, healthcare and life sciences, insurance, logistics, manufacturing, media and amusement, retail and ecommerce, and travel and hospitality industries. The organisation was formerly known as Chakkilam Infotech Ltd. Cigniti Technologies Ltd was incorporated in 1998 and is located in Hyderabad, India.

Cigniti Technologies Share Price

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Peer Comparison

Cigniti Technologies Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	325	344	378	417	428	425	440	452	468	456
Other Income	2	5	1	2	8	4	6	5	7	16
Total Income	327	349	379	419	436	429	445	457	475	472
Total Expenditure	286	311	333	356	364	357	378	387	403	426
Operating Profit	42	38	46	63	72	72	67	70	72	46
Interest	1	1	1	1	1	1	1	1	1	1
Depreciation	4	5	5	7	7	7	7	8	8	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	36	31	39	55	63	64	59	61	63	37
Provision for Tax	10	9	8	13	17	15	14	16	15	10
Profit After Tax	27	23	31	42	47	49	45	46	48	27
Adjustments	0	0	0	0	0	0	0	-0	0	0
Profit After Adjustments	27	23	31	42	47	49	45	46	48	27
Adjusted Earnings Per Share	9.5	8.1	11.4	15.2	17.1	18.1	16.3	16.8	17.6	9.9

Cigniti Technologies Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	151	259	379	595	619	693	816	872	897	1242	1648	1816
Other Income	0	1	2	4	5	1	27	22	14	14	15	34
Total Income	151	260	380	599	625	694	843	894	910	1256	1662	1849
Total Expenditure	142	224	341	497	646	642	683	744	751	1113	1410	1594
Operating Profit	9	36	39	101	-22	53	160	150	159	143	252	255
Interest	0	1	3	6	16	17	15	8	6	5	4	4
Depreciation	2	2	5	11	17	3	3	11	12	16	26	31
Exceptional Income / Expenses	0	0	0	0	-332	0	0	0	0	0	0	0
Profit Before Tax	7	33	31	84	-387	33	142	131	141	122	222	220
Provision for Tax	2	7	6	34	8	1	-5	9	36	30	53	55
Profit After Tax	5	26	25	50	-395	32	147	122	105	92	168	166
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	26	25	50	-395	32	147	122	105	92	168	166
Adjusted Earnings Per Share	2.7	12.3	10.2	19.5	-148.9	11.8	53.3	43.7	37.6	32.7	61.8	60.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	24%	19%	27%
Operating Profit CAGR	76%	19%	37%	40%
PAT CAGR	83%	11%	39%	42%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	50%	51%	32%	13%
ROE Average	32%	29%	75%	10%
ROCE Average	40%	36%	49%	21%

Cigniti Technologies Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	56	112	269	360	-41	7	151	267	372	460	589
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	4	0	20	15	0	0	0	0	0
Other Non-Current Liabilities	1	2	2	2	0	6	7	39	28	35	35
Total Current Liabilities	41	71	110	274	243	210	149	174	127	197	216
Total Liabilities	99	185	384	636	223	238	308	480	527	692	840
Fixed Assets	32	69	71	141	64	62	68	102	93	113	135
Other Non-Current Assets	15	29	71	193	5	5	4	9	5	23	27
Total Current Assets	52	87	242	281	154	171	235	369	429	556	677
Total Assets	99	185	384	636	223	238	308	480	527	692	840

Cigniti Technologies Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	2	6	34	2	1	2	-1	-74	9	-22
Cash Flow from Operating Activities	-1	24	-28	115	-48	35	127	87	145	38	157
Cash Flow from Investing Activities	-14	-53	-51	-203	-3	-3	-7	-136	-44	-52	-56
Cash Flow from Financing Activities	16	33	108	52	53	-29	-135	-13	-14	-20	-69
Net Cash Inflow / Outflow	1	4	28	-36	2	3	-15	-62	87	-34	32
Closing Cash & Cash Equivalent	2	6	34	4	1	2	-12	-74	9	-22	13

Cigniti Technologies Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.66	12.27	10.25	19.48	-148.94	11.81	53.27	43.67	37.6	32.7	61.75
CEPS(Rs)	3.49	13.44	12.44	23.91	-142.54	12.8	54.4	47.79	41.98	38.46	71.43
DPS(Rs)	0	0	0	0	0	0	0	0	2.5	2.5	5.5
Book NAV/Share(Rs)	29.51	51.87	96.62	120.1	-28.52	-4.83	51.32	94.08	132.37	163.53	214.68
Core EBITDA Margin(%)	5.81	13.73	9.95	16.41	-4.39	7.46	16.27	14.66	16.2	10.35	14.43
EBIT Margin(%)	4.79	13.14	8.93	15.14	-59.89	7.2	19.22	15.92	16.36	10.19	13.72
Pre Tax Margin(%)	4.58	12.68	8.15	14.13	-62.49	4.75	17.43	15.01	15.73	9.79	13.45
PAT Margin (%)	3.32	9.86	6.69	8.35	-63.76	4.64	18.06	13.95	11.75	7.39	10.22
Cash Profit Margin (%)	4.36	10.8	8.12	10.25	-61.02	5.03	18.44	15.26	13.12	8.69	11.82
ROA(%)	6	18.01	8.91	9.74	-91.94	13.96	54.02	30.89	20.93	15.06	21.97
ROE(%)	10.68	31.23	14.61	18.22	-342.37	0	228.8	60.21	33.29	22.12	32.25
ROCE(%)	11.44	31.97	15.05	23.14	-130.24	41.37	86.5	48.25	39.66	28.27	40.13
Receivable days	73.26	73.25	95.65	95.27	82.31	57.43	53.31	60.3	65.57	56.51	53.38
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	50.73	31.1	42.04	21.47	0	20.06	6.13	4.46	8.36	13.09	12.05
Price/Book(x)	4.56	7.36	4.46	3.48	-13.47	-49.06	6.36	2.07	2.37	2.62	3.47
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.8	0.58	0.74
EV/Net Sales(x)	1.8	3.14	2.84	2	1.85	1.09	1.12	0.62	0.86	0.91	1.19
EV/Core EBITDA(x)	30.85	22.33	27.38	11.74	-52.47	14.42	5.72	3.58	4.84	7.93	7.74
Net Sales Growth(%)	346.96	71.73	46.23	57	4.11	11.95	17.71	6.85	2.82	38.51	32.68
EBIT Growth(%)	241.99	370.9	-0.61	166.17	-511.78	113.46	214.27	-11.49	5.63	-13.7	78.59
PAT Growth(%)	323.86	410.5	-0.76	95.95	-894.8	108.15	358.01	-17.48	-13.37	-12.91	83.47
EPS Growth(%)	279.91	362.2	-16.5	90.11	-864.51	107.93	351.12	-18.02	-13.9	-13.01	88.82
Debt/Equity(x)	0.35	0.24	0.18	0.41	-1.9	-9.98	0.52	0.32	0.04	0.1	0.05
Current Ratio(x)	1.26	1.24	2.2	1.03	0.63	0.82	1.57	2.12	3.38	2.83	3.14
Quick Ratio(x)	1.26	1.24	2.2	1.03	0.63	0.82	1.57	2.12	3.38	2.83	3.14
Interest Cover(x)	23.09	28.51	11.5	14.93	-23.04	2.94	10.72	17.36	26.23	25.08	51.41
Total Debt/Mcap(x)	0.08	0.03	0.04	0.12	0.14	0.21	0.08	0.15	0.02	0.04	0.02

Cigniti Technologies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	37.46	33.9	35.25	36.81	36.81	34.61	34.59	33.46	32.77	32.77
FII	0.47	0.75	0.74	0.8	1.59	5.13	6.21	6.32	6.04	6.06
DII	0	0	0	0	0	0	0	0.17	0.07	0.09
Public	62.07	65.35	64.01	62.39	61.6	60.26	59.19	60.04	61.12	61.08
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.05	0.95	0.96	1	1	0.94	0.94	0.91	0.89	0.89
FII	0.01	0.02	0.02	0.02	0.04	0.14	0.17	0.17	0.16	0.17
DII	0	0	0	0	0	0	0	0	0	0
Public	1.74	1.83	1.75	1.7	1.68	1.64	1.61	1.64	1.67	1.67
Others	0	0	0	0	0	0	0	0	0	0
Total	2.81	2.81	2.73	2.73	2.73	2.73	2.73	2.73	2.73	2.73

Pros

Company has delivered good profit growth of 39% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29%
Company is almost debt free.

Cons

Promoter holding is low: 32.77%.
Stock is trading at 4.8 times its book value.

* 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.