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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Cigniti Technologies Ltd

About the Company - Cigniti Technologies Ltd

Cigniti Technologies Ltd. is a Public Limited Listed company incorporated on 03/09/1998 and has its registered office in the State of Andhra Pradesh, 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. 468.88 Cr. and Equity Capital is Rs. 28.05 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareSuit No.106 & 107, 6-3-456/C, Hyderabad Telangana 500082info@cigniti.com
http://www.cigniti.com
Management
NamePosition Held
Mr. C V SubramanyamChairman & Managing Director
Mr. C SrikanthNon Executive Director
Mr. K Subba RaoNon Executive Director
Mr. Ram Krishna AgarwalIndependent Director
Mr. Phaneesh MurthyIndependent Director
Ms. Nooraine FazalIndependent Director
Mr. Srinath BatniIndependent Director

Cigniti Technologies Ltd. Share Price Update

Share PriceValue
Today₹1,266.00
Previous Day₹1,280.80

Basic Stock Data of Cigniti Technologies Ltd

Last Updated: April 6, 2024, 5:47 am

Market Cap 3,627 Cr.
Current Price 1,329
High / Low1,363/740
Stock P/E19.4
Book Value 245
Dividend Yield0.22 %
ROCE38.2 %
ROE32.1 %
Face Value 10.0

Data Source: screener.in

Cigniti Technologies Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales221224233264308325344378417428425440452
Expenses177192200240276285311333356364357377387
Operating Profit44323324324033456164686265
OPM %20%14%14%9%10%12%9%12%15%15%16%14%14%
Other Income3414315128455
Interest2111112111111
Depreciation3333445577778
Profit before tax43323024303632395563645961
Tax %41%18%19%15%26%27%28%21%24%27%23%24%25%
Net Profit25262520222723314247494546
EPS in Rs9.059.458.807.297.909.468.0611.0514.7816.5717.5315.8516.80

Cigniti Technologies Ltd Quarterly Chart

Cigniti Technologies Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales341512593795956196938168728971,2421,6481,784
Expenses311422243414976416416837437511,1131,4101,524
Operating Profit39363898-2252133129145129238260
OPM %9%6%14%10%16%-4%8%16%15%16%10%14%15%
Other Income00113-3321272213131521
Interest0013616171586544
Depreciation12251117331112162630
Profit before tax27333184-38733142131141122222247
Tax %34%28%22%18%41%-2%2%-4%7%25%25%24%
Net Profit15262550-3953214712210592168188
EPS in Rs0.702.6512.2710.2519.48-148.9412.1453.5243.6737.6032.7059.9267.78
Dividend Payout %0%0%0%0%0%0%0%0%0%7%8%9%

Cigniti Technologies Ltd Profit & Loss Yearly Chart

Cigniti Technologies Ltd Growth

Compounded Sales Growth
10 Years:27%
5 Years:19%
3 Years:24%
TTM:14%
Compounded Profit Growth
10 Years:42%
5 Years:39%
3 Years:11%
TTM:32%
Stock Price CAGR
10 Years:13%
5 Years:27%
3 Years:45%
1 Year:59%
Return on Equity
10 Years:%
5 Years:41%
3 Years:29%
Last Year:32%

Cigniti Technologies Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17192125262727282828282727
Reserves213792244334-67-20123239344432562641
Borrowings132026431271441317412146805669
Other Liabilities172347721491251008391114158201176
Total Liabilities6899185384636228238308480532698846913
Fixed Assets2932697114164626810293113135133
CWIP41010556400000000
Investments000000004980120177208
Other Assets3657106258430164176239329358465533572
Total Assets6899185384636228238308480532698846913

Cigniti Technologies Ltd Reserves and Borrowings Chart

Cigniti Technologies Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -124-28115-48351278714538157
Cash from Investing Activity -14-53-51-197-6-5-6-137-47-50-53
Cash from Financing Activity 16331085253-29-135-13-14-20-69
Net Cash Flow1428-30-11-14-6384-3135

Cigniti Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days221979013010861605569646757
Inventory Days
Days Payable
Cash Conversion Cycle221979013010861605569646757
Working Capital Days2086651131808294463485349
ROCE %11%32%15%23%-13%41%86%45%36%26%38%

Cigniti Technologies Ltd Financial Efficiency Indicators Chart

Cigniti Technologies Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters37.39%37.23%37.23%37.46%37.46%33.90%35.25%36.81%36.81%34.61%34.59%33.46%
FIIs0.06%0.25%0.27%0.57%0.47%0.75%0.74%0.79%1.59%5.13%6.22%6.32%
DIIs0.18%0.21%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.17%
Public62.37%62.32%62.51%61.97%62.07%65.35%64.01%62.39%61.61%60.25%59.18%60.04%
No. of Shareholders6,9608,00513,52915,58914,41315,11415,03112,73713,27914,45117,06519,033

Cigniti Technologies Ltd Shareholding Pattern Chart

No. of Cigniti Technologies Ltd Shareholders

Cigniti Technologies Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Taurus Flexi Cap Fund266500.732.09
Motilal Oswal Nifty Microcap 250 Index Fund131310.261.03
Taurus Tax Shield79260.940.62

Cigniti Technologies Ltd ROCE Trend

Cigniti Technologies Ltd EPS Trend

Cigniti Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)61.3232.7237.7743.8753.62
Diluted EPS (Rs.)61.2132.6837.7743.6953.21
Cash EPS (Rs.)71.4338.4641.9847.7954.40
Book Value[Excl.RevalReserv]/Share (Rs.)216.22163.92132.8995.9754.49
Book Value[Incl.RevalReserv]/Share (Rs.)216.22163.92132.8995.9754.49
Revenue From Operations / Share (Rs.)608.07447.43323.48315.24295.28
PBDIT / Share (Rs.)92.6150.8856.7253.9857.84
PBIT / Share (Rs.)82.9345.1252.3449.8656.70
PBT / Share (Rs.)81.3143.3250.3446.9951.41
Net Profit / Share (Rs.)61.7532.7037.6043.6753.27
NP After MI And SOA / Share (Rs.)61.7532.7037.6043.6753.27
PBDIT Margin (%)15.2211.3717.5317.1219.58
PBIT Margin (%)13.6310.0816.1715.8119.20
PBT Margin (%)13.379.6815.5614.9017.41
Net Profit Margin (%)10.157.3011.6213.8518.03
NP After MI And SOA Margin (%)10.157.3011.6213.8518.03
Return on Networth / Equity (%)28.5619.9528.2945.5097.75
Return on Capital Employeed (%)35.8525.2736.1945.4099.14
Return On Assets (%)19.8913.1419.7925.3347.92
Total Debt / Equity (X)0.050.100.040.310.48
Asset Turnover Ratio (%)1.100.900.690.880.99
Current Ratio (X)3.142.833.382.121.57
Quick Ratio (X)3.142.833.382.121.57
Dividend Payout Ratio (NP) (%)4.087.630.000.000.00
Dividend Payout Ratio (CP) (%)3.536.490.000.000.00
Earning Retention Ratio (%)95.9292.370.000.000.00
Cash Earning Retention Ratio (%)96.4793.510.000.000.00
Interest Coverage Ratio (X)57.4128.2828.4218.8010.93
Interest Coverage Ratio (Post Tax) (X)39.2819.1819.8416.2111.07
Enterprise Value (Cr.)1952.701132.35769.01538.40915.36
EV / Net Operating Revenue (X)1.180.900.840.611.12
EV / EBITDA (X)7.747.934.843.585.72
MarketCap / Net Operating Revenue (X)1.220.950.970.611.11
Retention Ratios (%)95.9192.360.000.000.00
Price / BV (X)3.442.612.372.035.99
Price / Net Operating Revenue (X)1.220.950.970.611.11
EarningsYield0.080.070.110.220.16

Cigniti Technologies Ltd Profitability Ratios (%)

Cigniti Technologies Ltd Liquidity Ratios

Cigniti Technologies Ltd Liquidity Ratios (%)

Cigniti Technologies Ltd Interest Coverage Ratios (%)

Cigniti Technologies Ltd Valuation Ratios

Fair Value of Cigniti Technologies Ltd Stock

Fair Value: 1529.07

The stock is undervalued by 15.05% compared to the current price ₹1329

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness of Cigniti Technologies Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 28.33%, which is a positive sign.
  2. The company has higher reserves (229.38 cr) compared to borrowings (73.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (409.08 cr) and profit (62.15 cr) over the years.
  1. The stock has a high average Working Capital Days of 69.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 89.92, which may not be favorable.

FAQ

What is the latest fair value of Cigniti Technologies Ltd?

The latest fair value of Cigniti Technologies Ltd is 1529.07.

What is the Market Cap of Cigniti Technologies Ltd?

The Market Cap of Cigniti Technologies Ltd is 3,627 Cr..

What is the current Stock Price of Cigniti Technologies Ltd as on 13 April 2024?

The current stock price of Cigniti Technologies Ltd as on 13 April 2024 is 1,329.

What is the High / Low of Cigniti Technologies Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cigniti Technologies Ltd stocks is ₹1,363/740.

What is the Stock P/E of Cigniti Technologies Ltd?

The Stock P/E of Cigniti Technologies Ltd is 19.4.

What is the Book Value of Cigniti Technologies Ltd?

The Book Value of Cigniti Technologies Ltd is 245.

What is the Dividend Yield of Cigniti Technologies Ltd?

The Dividend Yield of Cigniti Technologies Ltd is 0.22 %.

What is the ROCE of Cigniti Technologies Ltd?

The ROCE of Cigniti Technologies Ltd is 38.2 %.

What is the ROE of Cigniti Technologies Ltd?

The ROE of Cigniti Technologies Ltd is 32.1 %.

What is the Face Value of Cigniti Technologies Ltd?

The Face Value of Cigniti Technologies Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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