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Last Updated: April 2, 2026, 2:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 534758 | NSE: CIGNITITEC

Cigniti Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹887.25Overvalued by 21.90%vs CMP ₹1,136.00

P/E (10.2) × ROE (26.0%) × BV (₹410.00) × DY (2.00%)

₹1,113.15Fairly Valued by 2.01%vs CMP ₹1,136.00
MoS: -2.1% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,130.8822%Fair (-0.5%)
Graham NumberEarnings₹1,007.3516%Over (-11.3%)
Earnings PowerEarnings₹515.9813%Over (-54.6%)
DCFCash Flow₹2,681.8911%Under (+136.1%)
Net Asset ValueAssets₹409.767%Over (-63.9%)
EV/EBITDAEnterprise₹930.589%Over (-18.1%)
Earnings YieldEarnings₹1,100.007%Fair (-3.2%)
ROCE CapitalReturns₹1,257.659%Under (+10.7%)
Revenue MultipleRevenue₹730.965%Over (-35.7%)
Consensus (9 models)₹1,113.15100%Fairly Valued
Key Drivers: EPS CAGR 27.5% lifts DCF — verify sustainability. | Wide model spread (₹410–₹2,682) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 27.5%

*Investments are subject to market risks

Investment Snapshot

73
Cigniti Technologies Ltd scores 73/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 34.1% ExcellentROE 26.0% ExcellentD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding up 1.87% (6mo) AccumulatingDII holding down 1.29% MF sellingPromoter decreased by 1.04% Caution
Earnings Quality50/100 · Moderate
OPM stable around 13% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +96% YoY Strong
Industry Rank90/100 · Strong
P/E 10.2 vs industry 98.1 Cheaper than peersROCE 34.1% vs industry 14.9% Above peersROE 26.0% vs industry 21.0% Above peers3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Cigniti Technologies Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 10.2 vs Ind 98.1 | ROCE 34.1% | ROE 26.0% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.04x | IntCov 0.0x | Current 3.38x | Borrow/Reserve 0.02x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹200 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.28 pp | DII +1.62 pp | Prom -1.04 pp
Business Momentum
+2
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.1% | Q NP -3.6% | Q OPM +1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-2.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.02xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.28 ppLatest FII% minus previous FII%
DII Change+1.62 ppLatest DII% minus previous DII%
Promoter Change-1.04 ppLatest promoter% minus previous promoter%
Shareholder Count Change-904Latest shareholder count minus previous count
Quarterly Sales Change+2.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-3.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:46 am

Market Cap 3,130 Cr.
Current Price 1,136
Intrinsic Value₹1,113.15
High / Low 1,930/996
Stock P/E10.2
Book Value 410
Dividend Yield0.00 %
ROCE34.1 %
ROE26.0 %
Face Value 10.0
PEG Ratio0.37

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Cigniti Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cigniti Technologies Ltd 3,130 Cr. 1,136 1,930/99610.2 4100.00 %34.1 %26.0 % 10.0
R Systems International Ltd 3,024 Cr. 255 497/22914.9 66.94.90 %22.8 %28.7 % 1.00
Megasoft Ltd 3,330 Cr. 189 234/49.124.2 38.00.00 %8.74 %18.5 % 10.0
Colab Cloud Platforms Ltd 3,390 Cr. 166 205/24.4702 1.340.01 %16.6 %12.4 % 1.00
ASM Technologies Ltd 3,611 Cr. 2,476 4,596/1,10959.2 2020.18 %19.3 %16.8 % 10.0
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Cigniti Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 428425440452468456468499516530534567579
Expenses 364357377387403426419434431441445471476
Operating Profit 646862656530506585908996104
OPM % 15%16%14%14%14%7%11%13%16%17%17%17%18%
Other Income 8455716-241891782010
Interest 1111111111112
Depreciation 7778888988865
Profit before tax 6364596163371772869789110108
Tax % 27%23%24%25%24%27%38%27%26%25%26%25%25%
Net Profit 47494546482710536473668380
EPS in Rs 16.5717.5315.8516.8017.609.943.8519.3823.3026.7224.0530.0829.15

Last Updated: February 6, 2026, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 6:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2593795956196938168728971,2421,6481,8152,0142,211
Expenses 2243414976416416837437511,1131,4101,5931,7251,833
Operating Profit 363898-2252133129145129238222289378
OPM % 14%10%16%-4%8%16%15%16%10%14%12%14%17%
Other Income 113-33212722131315332056
Interest 1361617158654434
Depreciation 2511173311121626303426
Profit before tax 333184-38733142131141122222220272404
Tax % 22%18%41%2%2%-4%7%25%25%24%25%26%
Net Profit 262550-3953214712210592168166200302
EPS in Rs 12.2710.2519.48-148.9412.1453.5243.6737.6032.7059.9260.6673.06110.00
Dividend Payout % 0%0%0%0%0%0%0%7%8%9%5%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-3.85%100.00%-890.00%108.10%359.38%-17.01%-13.93%-12.38%82.61%-1.19%20.48%
Change in YoY Net Profit Growth (%)0.00%103.85%-990.00%998.10%251.27%-376.38%3.07%1.55%94.99%-83.80%21.67%

Cigniti Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:18%
3 Years:18%
TTM:13%
Compounded Profit Growth
10 Years:24%
5 Years:13%
3 Years:34%
TTM:75%
Stock Price CAGR
10 Years:16%
5 Years:41%
3 Years:41%
1 Year:16%
Return on Equity
10 Years:%
5 Years:27%
3 Years:27%
Last Year:26%

Last Updated: September 5, 2025, 1:55 am

Balance Sheet

Last Updated: December 10, 2025, 2:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 21252627272828282827272728
Reserves 92244334-67-201232393444325627119361,101
Borrowings 264312714413174121468056572820
Other Liabilities 47721491251008391114158201211248330
Total Liabilities 1853846362282383084805326988461,0061,2391,479
Fixed Assets 697114164626810293113135121121107
CWIP 1055640000000000
Investments 000000498012017725014641
Other Assets 1062584301641762393293584655336359731,331
Total Assets 1853846362282383084805326988461,0061,2391,479

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 24-28115-48351278714538157129160
Cash from Investing Activity + -53-51-197-6-5-6-137-47-50-53-34-12
Cash from Financing Activity + 331085253-29-135-13-14-20-69-40-18
Net Cash Flow 428-30-11-14-6384-313556130
Free Cash Flow -15-8224-51321188014218144124147
CFO/OP 69%-74%118%129%82%107%70%119%52%90%89%77%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow10.00-5.00-29.00-166.00-79.0059.008.0099.0049.00182.00165.00261.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 90130108616055696467576474
Inventory Days
Days Payable
Cash Conversion Cycle 90130108616055696467576474
Working Capital Days 16942-62-3011253836394480
ROCE %32%15%23%-13%41%86%45%36%26%38%31%34%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.61%34.59%33.46%32.77%32.77%32.77%22.68%55.32%55.16%55.16%55.04%54.00%
FIIs 5.13%6.22%6.32%6.04%6.06%5.73%4.64%8.25%9.73%11.33%11.88%11.60%
DIIs 0.00%0.00%0.17%0.07%0.09%2.12%6.97%10.42%10.59%8.23%7.68%9.30%
Public 60.25%59.18%60.04%61.11%61.08%59.37%65.71%26.00%24.52%25.29%25.40%25.11%
No. of Shareholders 14,45117,06519,03321,30223,33922,31820,60225,47028,95328,56328,22327,319

Shareholding Pattern Chart

No. of Shareholders

Cigniti Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
WhiteOak Capital Balanced Advantage Fund 441,549 3.35 71.43347,7992026-02-21 09:31:4426.96%
WhiteOak Capital Multi Asset Allocation Fund - Direct Plan 436,325 1.15 70.58210,9502026-02-20 10:36:00106.84%
WhiteOak Capital Flexi Cap Fund 331,045 0.75 53.55N/AN/AN/A
ICICI Prudential Technology Fund 265,008 0.28 42.87525,8402025-12-08 03:09:53-49.6%
Parag Parikh Dynamic Asset Allocation Fund 192,375 1.15 31.12N/AN/AN/A
WhiteOak Capital Mid Cap Fund 181,965 0.66 29.43N/AN/AN/A
WhiteOak Capital Multi Cap Fund 139,038 0.75 22.49N/AN/AN/A
Parag Parikh Conservative Hybrid Fund 115,125 0.47 15.41N/AN/AN/A
WhiteOak Capital Digital Bharat Fund 88,911 3.27 14.38N/AN/AN/A
Whiteoak Capital Large & Mid Cap Fund 81,044 0.64 13.11N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 72.7760.6861.3232.7237.77
Diluted EPS (Rs.) 72.7760.4161.2132.6837.77
Cash EPS (Rs.) 85.5471.7771.4338.4641.98
Book Value[Excl.RevalReserv]/Share (Rs.) 351.59270.36216.22163.92132.89
Book Value[Incl.RevalReserv]/Share (Rs.) 351.59270.36216.22163.92132.89
Revenue From Operations / Share (Rs.) 744.02673.00608.07447.43323.48
PBDIT / Share (Rs.) 123.8393.3492.6150.8856.72
PBIT / Share (Rs.) 111.3582.2382.9345.1252.34
PBT / Share (Rs.) 99.2980.7281.3143.3250.34
Net Profit / Share (Rs.) 73.0660.6661.7532.7037.60
NP After MI And SOA / Share (Rs.) 73.0660.6661.7532.7037.60
PBDIT Margin (%) 16.6413.8615.2211.3717.53
PBIT Margin (%) 14.9612.2113.6310.0816.17
PBT Margin (%) 13.3411.9913.379.6815.56
Net Profit Margin (%) 9.829.0110.157.3011.62
NP After MI And SOA Margin (%) 9.829.0110.157.3011.62
Return on Networth / Equity (%) 20.7822.4328.5619.9528.29
Return on Capital Employeed (%) 30.8129.1235.8525.2736.19
Return On Assets (%) 16.1516.4619.8913.1419.79
Total Debt / Equity (X) 0.000.040.050.100.04
Asset Turnover Ratio (%) 1.821.981.100.900.69
Current Ratio (X) 4.393.673.142.833.38
Quick Ratio (X) 4.393.673.142.833.38
Dividend Payout Ratio (NP) (%) 0.0014.004.087.630.00
Dividend Payout Ratio (CP) (%) 0.0011.833.536.490.00
Earning Retention Ratio (%) 0.0086.0095.9292.370.00
Cash Earning Retention Ratio (%) 0.0088.1796.4793.510.00
Interest Coverage Ratio (X) 113.7761.8257.4128.2828.42
Interest Coverage Ratio (Post Tax) (X) 78.2041.1739.2819.1819.84
Enterprise Value (Cr.) 3744.103332.031952.701132.35769.01
EV / Net Operating Revenue (X) 1.841.811.180.900.84
EV / EBITDA (X) 11.0413.087.747.934.84
MarketCap / Net Operating Revenue (X) 1.961.881.220.950.97
Retention Ratios (%) 0.0085.9995.9192.360.00
Price / BV (X) 4.154.683.442.612.37
Price / Net Operating Revenue (X) 1.961.881.220.950.97
EarningsYield 0.050.040.080.070.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Cigniti Technologies Ltd. is a Public Limited Listed company incorporated on 03/09/1998 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L72200TG1998PLC030081 and registration number is 030081. Currently Company is involved in the business activities of Technical testing and analysis. Company's Total Operating Revenue is Rs. 1029.93 Cr. and Equity Capital is Rs. 27.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareSuit No.106 & 107, 6-3-456/C, MGR Estates, Hyderabad Telangana 500082Contact not found
Management
NamePosition Held
Mr. Sudhir SinghChairman & Non-Exe.Director
Mr. Pankaj KhannaExecutive Director
Mr. Saurabh GoelNon Executive Director
Mr. Durgesh Kumar SinghIndependent Director
Mr. Manish SarrafIndependent Director
Ms. Mohua SenguptaIndependent Director

FAQ

What is the intrinsic value of Cigniti Technologies Ltd and is it undervalued?

As of 06 April 2026, Cigniti Technologies Ltd's intrinsic value is ₹1113.15, which is 2.01% lower than the current market price of ₹1,136.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (26.0 %), book value (₹410), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cigniti Technologies Ltd?

Cigniti Technologies Ltd is trading at ₹1,136.00 as of 06 April 2026, with a FY2026-2027 high of ₹1,930 and low of ₹996. The stock is currently near its 52-week low. Market cap stands at ₹3,130 Cr..

How does Cigniti Technologies Ltd's P/E ratio compare to its industry?

Cigniti Technologies Ltd has a P/E ratio of 10.2, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Cigniti Technologies Ltd financially healthy?

Key indicators for Cigniti Technologies Ltd: ROCE of 34.1 % indicates efficient capital utilization; ROE of 26.0 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Cigniti Technologies Ltd profitable and how is the profit trend?

Cigniti Technologies Ltd reported a net profit of ₹200 Cr in Mar 2025 on revenue of ₹2,014 Cr. Compared to ₹92 Cr in Mar 2022, the net profit shows an improving trend.

Does Cigniti Technologies Ltd pay dividends?

Cigniti Technologies Ltd has a dividend yield of 0.00 % at the current price of ₹1,136.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cigniti Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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