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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NIIT Ltd

About the Company - NIIT Ltd

NIIT Ltd. is a Public Limited Listed company incorporated on 02/12/1981 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L74899HR1981PLC107123 and registration number is 107123. Currently Company is involved in the business activities of Other education. Company’s Total Operating Revenue is Rs. 445.19 Cr. and Equity Capital is Rs. 26.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Training ServicesPlot No. 85, Sector 32, Institutional Area, Gurugram Haryana 122001investors@niit.com
www.niit.com
Management
NamePosition Held
Mr. Rajendra S PawarChairman
Mr. Vijay K ThadaniVice Chairman & Mng.Director
Mr. P RajendranJoint Managing Director
Mr. Anand SudarshanIndependent Director
Ms. Geeta MathurIndependent Director
Mr. Ravinder SinghIndependent Director
Mr. Ashish KashyapIndependent Director
Ms. Avani Vishal DavdaIndependent Director
Ms. Sangita SinghIndependent Director

NIIT Ltd. Share Price Update

Share PriceValue
Today₹126.50
Previous Day₹134.35

Basic Stock Data of NIIT Ltd

Market Cap 1,754 Cr.
Current Price 130
High / Low155/76.8
Stock P/E102
Book Value 74.7
Dividend Yield0.39 %
ROCE0.51 %
ROE0.23 %
Face Value 2.00

Data Source: screener.in

Competitors of NIIT Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Compucom Software Ltd 229 Cr. 28.945.0/14.630.1 17.81.38 %4.97 %3.10 % 2.00
Industry Average229 Cr28.930.117.81.38%4.97%3.1%2

NIIT Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales21925327930131638581949493606381
Expenses18921221223424230381969286717080
Operating Profit3042676773810-227-11-81
OPM %14%16%24%22%23%21%0%-2%3%7%-18%-13%2%
Other Income19247141486211011121515
Interest2111000000000
Depreciation1413161414146444444
Profit before tax34515766737557-5814-3311
Tax %23%19%18%22%28%24%-21%16%19%-16%-202%22%6%
Net Profit26414752525768-5716-9211
EPS in Rs1.842.933.273.873.934.115.03-0.480.351.06-0.700.160.79

NIIT Ltd Quarterly Chart

NIIT Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2459539439531,002845850865889960251341297
Expenses1,098909890927929785780796835799248345307
Operating Profit14745532673607170541613-3-10
OPM %12%5%6%3%7%7%8%8%6%17%1%-1%-3%
Other Income171-817-68774751001,408852363453
Interest2818191724282223209111
Depreciation878678107494640336059151617
Profit before tax203-68-26-166761841141,3831772211325
Tax %69%64%-35%-1%50%30%24%24%4%19%-4%36%
Net Profit1102719-140704264871,327144230819
EPS in Rs6.671.591.08-8.394.062.473.755.1793.8110.0516.890.241.31
Dividend Payout %24%101%149%0%0%0%0%97%11%25%18%0%

NIIT Ltd Profit & Loss Yearly Chart

NIIT Ltd Growth

Compounded Sales Growth
10 Years:-10%
5 Years:-17%
3 Years:-27%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-49%
Stock Price CAGR
10 Years:36%
5 Years:43%
3 Years:40%
1 Year:59%
Return on Equity
10 Years:6%
5 Years:8%
3 Years:7%
Last Year:0%

NIIT Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33333333333333332828272727
Reserves6296356416977726506908001,4921,6121,488969982
Borrowings10915312815519517717820716658251310
Other Liabilities387388319284337509481425352452566131129
Total Liabilities1,1581,2081,1211,1681,3371,3701,3821,4652,0392,1512,1071,1401,148
Fixed Assets228220185110107194219228357310371245267
CWIP181218421528532056161
Investments1952362905265825866042844859722572574
Other Assets7177396285276465755311,1828189781,008306306
Total Assets1,1581,2081,1211,1681,3371,3701,3821,4652,0392,1512,1071,1401,148

NIIT Ltd Reserves and Borrowings Chart

NIIT Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 31586231701118846512362884
Cash from Investing Activity 340-52-25-19-67-48-63-54746-50229-228
Cash from Financing Activity -304-0-76-616-43-211-809-98-386-34
Net Cash Flow665-40519204-7-1288131-258

NIIT Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days105142987288737170565527533
Inventory Days26293131
Days Payable438554816980
Cash Conversion Cycle-308-384-686-87788737170565527533
Working Capital Days3047351128-30-57-2924-14-8942
ROCE %8%-4%-2%-8%3%9%12%14%3%8%0%-1%

NIIT Ltd Financial Efficiency Indicators Chart

NIIT Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters34.27%34.15%35.31%35.12%35.08%35.03%34.98%34.88%34.86%34.85%34.84%34.81%
FIIs23.80%22.56%23.20%23.64%22.81%21.48%21.70%21.21%20.49%20.70%21.09%18.77%
DIIs11.35%11.31%12.12%11.30%11.66%12.14%11.72%11.88%12.24%13.13%12.31%12.72%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public30.56%31.98%29.36%29.93%30.43%31.34%31.59%32.02%32.39%31.31%31.74%33.68%
No. of Shareholders75,37083,74376,71992,38298,3071,07,3051,06,6711,07,6191,05,35097,2851,02,7891,09,611

NIIT Ltd Shareholding Pattern Chart

No. of NIIT Ltd Shareholders

NIIT Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund111110660.31126.67
ICICI Prudential Technology Fund4626900.055.27

NIIT Ltd ROCE Trend

NIIT Ltd EPS Trend

NIIT Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.2416.8310.0982.875.18
Diluted EPS (Rs.)0.2316.439.9682.405.14
Cash EPS (Rs.)1.8421.4814.2398.011.52
Book Value[Excl.RevalReserv]/Share (Rs.)74.32113.49115.47107.6650.40
Book Value[Incl.RevalReserv]/Share (Rs.)74.32113.49115.47107.6650.40
Revenue From Operations / Share (Rs.)25.36102.9066.7062.8351.71
PBDIT / Share (Rs.)2.5726.0118.2613.995.07
PBIT / Share (Rs.)1.3421.7014.129.773.10
PBT / Share (Rs.)1.1821.3313.6499.871.91
Net Profit / Share (Rs.)0.6217.1710.0993.78-0.44
NP After MI And SOA / Share (Rs.)0.2316.9010.0593.805.16
PBDIT Margin (%)10.1125.2727.3822.279.79
PBIT Margin (%)5.2921.0921.1715.545.99
PBT Margin (%)4.6620.7220.44158.943.68
Net Profit Margin (%)2.4416.6815.13149.25-0.85
NP After MI And SOA Margin (%)0.9316.4215.06149.289.98
Return on Networth / Equity (%)0.3114.928.7187.2810.37
Return on Capital Employeed (%)1.7918.7312.018.584.79
Return On Assets (%)0.2710.726.6465.095.80
Long Term Debt / Equity (X)0.000.000.000.010.17
Total Debt / Equity (X)0.000.010.000.030.17
Asset Turnover Ratio (%)0.210.240.190.240.29
Current Ratio (X)6.202.943.703.662.78
Quick Ratio (X)6.202.943.703.652.77
Dividend Payout Ratio (NP) (%)0.0032.4619.8017.890.00
Dividend Payout Ratio (CP) (%)0.0025.8714.0217.120.00
Earning Retention Ratio (%)0.0067.5480.2082.110.00
Cash Earning Retention Ratio (%)0.0074.1385.9882.880.00
Interest Coverage Ratio (X)29.71168.2143.5111.924.34
Interest Coverage Ratio (Post Tax) (X)11.42115.3528.024.971.27
Enterprise Value (Cr.)4325.027904.961475.92957.781551.44
EV / Net Operating Revenue (X)12.675.741.551.081.79
EV / EBITDA (X)125.2722.705.684.8418.30
MarketCap / Net Operating Revenue (X)12.876.042.071.311.75
Retention Ratios (%)0.0067.5380.1982.100.00
Price / BV (X)4.415.501.200.761.81
Price / Net Operating Revenue (X)12.876.042.071.311.75
EarningsYield0.000.020.071.140.05

NIIT Ltd Profitability Ratios (%)

NIIT Ltd Liquidity Ratios

NIIT Ltd Liquidity Ratios (%)

NIIT Ltd Interest Coverage Ratios (%)

NIIT Ltd Valuation Ratios

Fair Value of NIIT Ltd Stock

Fair Value: ₹17.59

The stock is overvalued by 86.47% compared to the current price ₹130

*Investments are subject to market risks

Strength and Weakness of NIIT Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -0.17, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -127.83, which is a positive sign.
  3. The company has higher reserves (927.46 cr) compared to borrowings (121.08 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (626.85 cr) and profit (49.69 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.01 and average Dividend Yield of 13.82%.
  2. The stock has a low average ROCE of 3.50%, which may not be favorable.

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 NIIT 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