Nintec Systems

₹490 19.2 | 4.1%

WEBSITE BSE:539843 NSE : NINSYS 18 May, 12:50

Market Cap ₹910 Cr.

Stock P/E 77.4

P/B 31.6

Current Price ₹490

Book Value ₹ 15.5

Face Value 10

52W High ₹652.5

Dividend Yield 0%

52W Low ₹ 213.2

Edit Ratio

Nintec Systems Research see more...

Overview Inc. Year: 2015Industry: IT - Software

Nintec Systems Ltd is a leading technology company that specializes in providing innovative solutions for businesses across various industries. With a strong focus on cutting-edge technologies, Nintec Systems is dedicated to helping organizations optimize their operations and achieve their digital transformation goals. The company offers a wide range of services, including software development, system integration, data analytics, and cloud computing solutions. Nintec Systems prides itself on its team of highly skilled professionals who possess expertise in diverse areas of technology. They work closely with clients to understand their unique requirements and deliver tailor-made solutions that enhance efficiency, productivity, and competitiveness. Nintec Systems' commitment to quality, reliability, and customer satisfaction has earned them a reputation for being a trusted technology partner. By leveraging the latest advancements in technology, Nintec Systems empowers businesses to stay ahead in the ever-evolving digital landscape. Their comprehensive suite of services enables clients to streamline processes, make data-driven decisions, and achieve sustainable growth in today's fast-paced business environment.

Nintec Systems Share Price

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Peer Comparison

Nintec Systems Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	6	6	7	9	10	13	15
Other Income	0	0	0	0	1	0	0
Total Income	6	7	7	9	12	13	15
Total Expenditure	5	5	5	7	9	10	11
Operating Profit	1	2	2	2	3	4	5
Interest	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0
Profit Before Tax	1	2	2	2	2	4	4
Provision for Tax	0	0	0	1	0	1	1
Profit After Tax	1	1	1	1	2	3	3
Adjustments	0	0	0	-0	0	0	0
Profit After Adjustments	1	1	1	1	2	3	3
Adjusted Earnings Per Share	0.5	0.7	0.6	0.7	1	1.4	1.8

Nintec Systems Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1	3	4	8	8	9	20	32	47
Other Income	0	0	1	1	1	0	1	2	1
Total Income	1	3	4	8	8	9	20	34	49
Total Expenditure	1	3	3	7	7	7	16	26	37
Operating Profit	0	1	1	1	2	2	4	8	14
Interest	0	0	0	0	-0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	1	1	2	2	4	7	12
Provision for Tax	0	0	0	0	0	0	1	2	3
Profit After Tax	0	0	1	1	1	1	3	6	9
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	0	1	1	1	1	3	6	9
Adjusted Earnings Per Share	0.1	0.2	0.3	0.5	0.7	0.7	1.5	3	4.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	60%	59%	52%	0%
Operating Profit CAGR	100%	59%	52%	0%
PAT CAGR	100%	82%	43%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	114%	325%	131%	NA%
ROE Average	33%	23%	18%	14%
ROCE Average	44%	30%	24%	18%

Nintec Systems Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	5	7	8	9	10	11	14	19
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0
Total Current Liabilities	0	1	1	1	1	1	3	6
Total Liabilities	5	8	9	10	11	13	17	25
Fixed Assets	0	0	0	0	1	0	1	2
Other Non-Current Assets	2	2	2	2	0	0	0	0
Total Current Assets	3	5	6	7	10	12	16	24
Total Assets	5	8	9	10	11	13	17	25

Nintec Systems Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	0	3	3	3	4
Cash Flow from Operating Activities	-2	-2	-0	-0	-0	0	1	8
Cash Flow from Investing Activities	-0	0	0	1	-0	0	-0	-1
Cash Flow from Financing Activities	5	2	-0	-0	0	-0	-0	-0
Net Cash Inflow / Outflow	2	-0	-0	0	-0	1	1	7
Closing Cash & Cash Equivalent	2	0	0	0	3	3	4	11

Nintec Systems Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.1	0.24	0.28	0.46	0.69	0.7	1.49	2.99
CEPS(Rs)	0.1	0.3	0.32	0.54	0.77	0.84	1.67	3.28
DPS(Rs)	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	3.71	3.92	4.23	4.7	5.39	6.08	7.48	10.43
Core EBITDA Margin(%)	14.23	15.27	6.41	8.61	13.63	16.7	17.3	18
EBIT Margin(%)	15.88	21.15	21.31	15.26	21.49	19.49	18.61	22.88
Pre Tax Margin(%)	15.86	20.97	21.04	15.23	21.51	19.48	18.6	22.87
PAT Margin (%)	10.96	14.46	14.34	10.93	16.54	14.81	14	17.18
Cash Profit Margin (%)	11.66	18.11	16.36	12.71	18.38	17.63	15.65	18.85
ROA(%)	2.39	6.56	6.3	9.21	12.1	11.02	18.66	26.17
ROE(%)	2.61	7.17	6.86	10.32	13.65	12.29	22.01	33.37
ROCE(%)	3.78	10.49	10.19	14.41	17.73	16.18	29.27	44.42
Receivable days	194.39	39.64	3.87	85.62	115.89	36.76	15.22	26.86
Inventory Days	0	0	0	0	0	0	0	0
Payable days	0	0	0	157.57	787.53	570.34	155.11	417.67
PER(x)	0	37.48	22.54	17.35	3.76	6.94	11.5	48.45
Price/Book(x)	0	2.27	1.49	1.7	0.48	0.8	2.29	13.89
Dividend Yield(%)	0	0	0	0	0	0	0	0
EV/Net Sales(x)	3.95	5.36	3.19	1.85	0.26	0.65	1.39	7.98
EV/Core EBITDA(x)	23.82	21.6	13.65	10.87	1.12	2.93	6.86	32.5
Net Sales Growth(%)	0	155.61	18.8	116.5	-1.27	14.29	124.06	63.06
EBIT Growth(%)	0	240.5	19.67	55.09	39	3.64	113.99	100.44
PAT Growth(%)	0	237.33	17.79	65.06	49.34	2.35	111.74	100.2
EPS Growth(%)	0	145.15	17.79	65.06	49.34	2.36	111.74	100.21
Debt/Equity(x)	0	0	0	0	0	0	0	0
Current Ratio(x)	9.48	10.69	10.74	6.05	11.53	10.32	5.91	4.22
Quick Ratio(x)	9.48	10.69	10.74	6.05	11.53	10.32	5.91	4.22
Interest Cover(x)	803.58	113.36	79.53	441	-929.22	5742.67	1602.87	2309.19
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0

Nintec Systems Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	47.38	47.38	47.27	47.24	47.24	47.24	47.24	47.24	47.26	47.3
FII	0	0	0	0	0	0	0	0	0.01	0
DII	0	0	0	0	0	0	0	0	0	0
Public	52.62	52.62	52.73	52.76	52.76	52.76	52.76	52.76	52.73	52.7
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	0.33	0.33	0.49	0.49	0.49	0.49	0.49	0.88	0.88	0.88
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.36	0.36	0.54	0.54	0.54	0.54	0.54	0.98	0.98	0.98
Others	0	0	0	0	0	0	0	0	0	0
Total	0.69	0.69	1.03	1.03	1.03	1.03	1.03	1.86	1.86	1.86

Pros

Company has delivered good profit growth of 43% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Company is almost debt free.

Cons

Promoter holding is low: 47.3%.
Debtor days have increased from 155.11 to 417.67days.
Stock is trading at 31.6 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.