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Last Updated on: 23 June, 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
http://www.niit.com
Management
NamePosition Held
Mr. Rajendra S PawarExecutive Chairman
Mr. Vijay K ThadaniVice Chairman & Mng.Director
Mr. P RajendranJoint Managing Director
Mr. Sapnesh LallaNon Executive Director
Mr. Udai Singh PawarNon Exe.Non Ind.Director
Ms. Geeta MathurInd. Non-Executive Director
Ms. Avani Vishal DavdaInd. Non-Executive Director
Mr. Anand SudarshanInd. Non-Executive Director
Mr. Ravindra Babu GarikipatiInd. Non-Executive Director
Mr. Srikanth VelamakanniInd. Non-Executive Director

Basic Stock Data of NIIT Ltd

Last Updated: June 17, 2024, 8:21 pm

Market Cap 1,406 Cr.
Current Price 104
High / Low155/77.1
Stock P/E36.0
Book Value 76.5
Dividend Yield0.48 %
ROCE4.62 %
ROE3.84 %
Face Value 2.00
PEG Ratio-0.63

Competitors of NIIT Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aptech Ltd 1,325 Cr. 229389/20139.0 44.81.97 %18.4 %13.2 % 10.0
Compucom Software Ltd 238 Cr. 30.145.0/18.644.8 18.01.33 %5.87 %3.77 % 2.00
MPS Ltd 3,490 Cr. 2,0402,119/99032.8 2173.68 %39.4 %29.4 % 10.0
Industry Average1,684.33 Cr766.3738.8793.272.33%21.22%15.46%7.33

NIIT Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2532793013163858194949360638185
Expenses2122122342423038196928671708078
Operating Profit42676773810-227-11-817
OPM %16%24%22%23%21%0%-2%3%7%-18%-13%2%8%
Other Income24714148621101112151516
Interest1110000000000
Depreciation131614141464444445
Profit before tax515766737557-5814-331118
Tax %19%18%22%28%24%-21%16%19%-16%-202%22%6%18%
Net Profit414752525768-5716-921115
EPS in Rs2.933.273.873.934.115.03-0.480.351.06-0.700.160.791.06

Last Updated: April 10, 2024, 4:20 am

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:-11%
5 Years:-19%
3 Years:-32%
TTM:-11%
Compounded Profit Growth
10 Years:13%
5 Years:-15%
3 Years:-29%
TTM:1446%
Stock Price CAGR
10 Years:22%
5 Years:33%
3 Years:17%
1 Year:20%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:6%
Last Year:4%

Last Updated: June 17, 2024, 2:51 pm

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)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund11,111,0660.31126.6711,111,0662024-06-150%
ICICI Prudential Technology Fund462,6900.055.2711,111,0662024-06-15-95.84%

NIIT Ltd ROCE Trend

NIIT Ltd EPS Trend

NIIT Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)2.850.2416.8310.0982.87
Diluted EPS (Rs.)2.810.2316.439.9682.40
Cash EPS (Rs.)4.281.8421.4814.2398.01
Book Value[Excl.RevalReserv]/Share (Rs.)76.9274.32113.49115.47107.66
Book Value[Incl.RevalReserv]/Share (Rs.)76.9274.32113.49115.47107.66
Revenue From Operations / Share (Rs.)22.4725.36102.9066.7062.83
PBDIT / Share (Rs.)4.882.5726.0118.2613.99
PBIT / Share (Rs.)3.521.3421.7014.129.77
PBT / Share (Rs.)3.401.1821.3313.6499.87
Net Profit / Share (Rs.)2.920.6217.1710.0993.78
NP After MI And SOA / Share (Rs.)2.840.2316.9010.0593.80
PBDIT Margin (%)21.7310.1125.2727.3822.27
PBIT Margin (%)15.685.2921.0921.1715.54
PBT Margin (%)15.124.6620.7220.44158.94
Net Profit Margin (%)13.012.4416.6815.13149.25
NP After MI And SOA Margin (%)12.640.9316.4215.06149.28
Return on Networth / Equity (%)3.710.3114.928.7187.28
Return on Capital Employeed (%)4.531.7918.7312.018.58
Return On Assets (%)3.290.2710.726.6465.09
Long Term Debt / Equity (X)0.000.000.000.000.01
Total Debt / Equity (X)0.000.000.010.000.03
Asset Turnover Ratio (%)0.260.210.240.190.24
Current Ratio (X)7.166.202.943.703.66
Quick Ratio (X)7.156.202.943.703.65
Dividend Payout Ratio (NP) (%)0.000.0032.4619.8017.89
Dividend Payout Ratio (CP) (%)0.000.0025.8714.0217.12
Earning Retention Ratio (%)0.000.0067.5480.2082.11
Cash Earning Retention Ratio (%)0.000.0074.1385.9882.88
Interest Coverage Ratio (X)46.8129.71168.2143.5111.92
Interest Coverage Ratio (Post Tax) (X)29.5311.42115.3528.024.97
Enterprise Value (Cr.)1331.274325.027904.961475.92957.78
EV / Net Operating Revenue (X)4.3912.675.741.551.08
EV / EBITDA (X)20.18125.2722.705.684.84
MarketCap / Net Operating Revenue (X)4.7012.876.042.071.31
Retention Ratios (%)0.000.0067.5380.1982.10
Price / BV (X)1.384.415.501.200.76
Price / Net Operating Revenue (X)4.7012.876.042.071.31
EarningsYield0.020.000.020.071.14

NIIT Ltd Profitability Ratios (%)

NIIT Ltd Liquidity Ratios

NIIT Ltd Liquidity Ratios (%)

NIIT Ltd Interest Coverage Ratios (%)

NIIT Ltd Valuation Ratios

Fair Value

Fair Value: 106.26

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.

Undervalued: 2.17% compared to the current price 104

Intrinsic Value: 45.23

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • 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.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

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

Overvalued: 56.51% compared to the current price ₹104

Last 5 Year EPS CAGR: -57.44%

*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 has a low average ROCE of 3.50%, which may not be favorable.

FAQ

What is the latest fair value of NIIT Ltd?

The latest fair value of NIIT Ltd is ₹106.26.

What is the Market Cap of NIIT Ltd?

The Market Cap of NIIT Ltd is 1,406 Cr..

What is the current Stock Price of NIIT Ltd as on 23 June 2024?

The current stock price of NIIT Ltd as on 23 June 2024 is ₹104.

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

In FY 2024, the High / Low of NIIT Ltd stocks is 155/77.1.

What is the Stock P/E of NIIT Ltd?

The Stock P/E of NIIT Ltd is 36.0.

What is the Book Value of NIIT Ltd?

The Book Value of NIIT Ltd is 76.5.

What is the Dividend Yield of NIIT Ltd?

The Dividend Yield of NIIT Ltd is 0.48 %.

What is the ROCE of NIIT Ltd?

The ROCE of NIIT Ltd is 4.62 %.

What is the ROE of NIIT Ltd?

The ROE of NIIT Ltd is 3.84 %.

What is the Face Value of NIIT Ltd?

The Face Value of NIIT Ltd is 2.00.

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