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Cigniti Technologies Ltd. - (Amalgamated) (CIGNITITEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534758 NSE: CIGNITITEC IT - Software | Small Cap | Cigniti Tech. Amalga Share Price

₹1,258.90 0.00 (0.00%)

As on 14-May'26 16:59

Cigniti Technologies Ltd. - (Amalgamated) (CIGNITITEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534758 NSE: CIGNITITEC IT - Software | Small Cap | Cigniti Tech. Amalga Share Price

₹1,258.90 0.00 (0.00%)

As on 14-May'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,468 Cr.
Current Price
₹1,258.9
52-Week Low / High
₹997 / 1,929
TTM EPS
₹72.8
TTM Sales
₹1,319 Cr.
Book Value per Share
₹291.9
P/E Ratio
17.30
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
4.31
Lower than its 5-year historical median
Price to Sales (P/S)
2.63
Lower than its 5-year historical median
EV/EBITDA
11.22
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
21.17%
Outperforms industry median
Return on Capital Employed (ROCE)
27.61%
Outperforms industry median
Return on Assets (ROA)
16.63%
Operating Profit Margin
19.5%
Net Profit Margin
12.14%
Gross Profit Margin
21.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
27.65%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
57.49%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
28.98%
Asset Quality
Promoter Holding
54.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹777 Cr.
Equity
₹27.6 Cr.
Face Value
₹10
All Time Low / High
₹4.47 / 1980.75

Cigniti Technologies . - (Amalgamated) stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Cigniti Technologies Ltd. - (Amalgamated) a good quality company?
Cigniti Technologies Ltd. - (Amalgamated) is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cigniti Technologies Ltd. - (Amalgamated) performance compare with that of its Peers?
Q.1 Revenue growth of Cigniti Technologies Ltd. - (Amalgamated) vs industry peers?
Cigniti Technologies Ltd. - (Amalgamated) revenue CAGR is 27.37%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Cigniti Technologies Ltd. - (Amalgamated)?
Promoters hold 54.00% of the Cigniti Technologies Ltd. - (Amalgamated), with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cigniti Technologies Ltd. - (Amalgamated) over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cigniti Technologies Ltd. - (Amalgamated) has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16%-67.6%17%29.3%24.8%18.8%14.7%31.8%25.4%27.6%-
Value Creation
Index
0.2-5.80.21.10.80.40.11.30.81.0-

Growth Parameters

Sales 2042752442613003114566977891,0071,319
Sales YoY Gr.-34.5%-11.4%7%15.1%3.6%46.4%52.9%13.2%27.7%-
Adj EPS 12.6-20.49.220.121.118.713.93734.848.672.8
YoY Gr.--261.8%NA118.8%5%-11.4%-25.8%166.3%-5.9%39.6%-
BVPS (₹) 104.635.85683103.6124.6136.2158.7185.4236.9291.9
Adj Net
Profit
32.1-5425.155.758.852.53910195.1133200
Cash Flow from Ops. 112-29.413.799.59361.448.612171.5-15.3-
Debt/CF from Ops. 0.2-2.14.30.10.10.30.50.30.50-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 19.4%27.4%30.3%27.7%
Adj EPS 16.2%18.1%51.8%39.6%
BVPS9.5%18%20.3%27.8%
Share Price 11.1% 22.6% 11.4% -22.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.1-25.116.627.122.116.310.624.620.122.927.5
Op. Profit
Mgn %
25.58.214.816.919.719.612.421.215.919.519.8
Net Profit
Mgn %
15.7-19.610.321.419.616.98.614.512.113.215.2
Debt to
Equity
0.10.70.40.10.10.10.10.10.10-
Working Cap
Days
3122622692491811651178790110104
Cash Conv.
Cycle
116117416093785837484978

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales204.49275.09243.76260.89300.33311.07455.52696.64788.731,006.85
Operating Expenses > + 152.64252.84208.06216.93241.15250.23399.02551.37664.02810.47
Manufacturing Costs1.045.044.603.833.773.235.905.636.047.88
Material Costs0000000000
Employee Cost 103.68176.73144.18154.74192.55213.50340.45472.12587.69662.86
Other Costs > 47.9271.0759.2858.3544.8333.5052.6773.6270.29139.72
Operating Profit > 51.8522.2435.7043.9659.1860.8456.50145.27124.70196.39
Operating Profit Margin (%) 25.4%8.1%14.6%16.8%19.7%19.6%12.4%20.9%15.8%19.5%
Other Income > + 1.600.042.4229.0319.4112.6813.9413.3525.7425.35
Exceptional Items > 0-190.230000000-30.05
Interest > 1.795.137.803.254.183.793.082.082.151.91
Depreciation > 8.225.372.082.569.5210.0813.3919.4221.9226.37
Profit Before Tax > 43.45-178.4428.2467.1764.8959.6553.97137.13126.38163.41
Tax > 11.488.842.837.465.235.2114.7135.4031.5941.15
Profit After Tax 31.96-187.2825.4159.7159.6554.4439.26101.7294.79122.26
PAT Margin (%) 15.6%-68.1%10.4%22.9%19.9%17.5%8.6%14.6%12.0%12.1%
Adjusted EPS (₹)12.5-70.79.321.621.419.414.037.334.744.6
Dividend Payout Ratio (%)0%0%0%0%0%12.90%17.90%14.70%8.60%0%

Valuation of Cigniti Tech. Amalga - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 266.7094.91152.63229.66288.42349.13382.15432.55506.16648.94
Share Capital 25.5026.5127.2527.6627.8528.0228.0527.2627.3027.40
Reserves 241.2068.40125.38202260.57321.11354.09405.29478.86621.54
Debt +20.2358.3953.9610.9513.3616.1124.0430.4434.930
Long Term Debt020.3714.810000000
Short Term Debt20.2338.0239.1510.9513.3616.1124.0430.4434.930
Minority Interest0000000000
Trade Payables38.809.276.769.6810.619.9812.5119.808.9344.62
Others Liabilities 55.2475.2166.0538.727564.9280.1494.41119.29107.09
Total Liabilities 380.97237.78279.39289387.39440.14498.83577.19669.31800.65

Fixed Assets

Net Fixed Assets +52.277.636.0512.9742.4835.5550.9540.8834.7741.46
Gross Block78.1513.0413.5423.0255.4258.5673.5482.8890.04110.02
Accumulated Depreciation25.885.417.4910.0412.9323.0122.5942.0155.2868.57
CWIP 20.82000000000
Investments 69.8069.8069.4169.41118.31149.88189.54277.39348.62246.97
Inventories0000000000
Trade Receivables50.85110.61147.60107.9474.3286.7387.0999.77142.27207.61
Cash Equivalents flag 1.151.982.6852.1883.16117.44102.3481.8672.50116.87
Others Assets 186.0747.7553.6546.5069.1350.5568.9077.2971.15187.75
Total Assets 380.97237.78279.39289387.39440.14498.83577.19669.31800.65

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 112.39-29.4213.7499.469361.3748.55120.7971.51-15.25
PBT 43.45-178.4428.2467.1764.8959.6553.97137.13126.38163.41
Adjustment 44.72218.1421.5414.809.206.6413.8613.16-1.9939.93
Changes in Working Capital 24.22-52.37-34.3730.1524.735.54-14.644.28-10.74-184.98
Tax Paid 0-16.74-1.68-12.66-5.82-10.47-4.64-33.78-42.13-33.61
Cash Flow From Investing Activity + -129.20-9.57-2.872-134.75-43.49-43.59-55.29-42.66110.89
Capex -21.55-2.34-2.78-8.20-5.56-2.80-17.73-11.66-4.63-12.77
Net Investments -0.20-0.15-0.100.35-130.34-46.56-32.96-23.77-35.32120.10
Others -107.45-7.080.019.851.155.877.10-19.86-2.713.55
Cash Flow From Financing Activity + -7.0526.45-11.03-46.62-9.10-9.14-16.62-64.24-36.24-15.15
Net Proceeds from Shares 0.761.010.740.4201.300.690.900.392.58
Net Proceeds from Borrowing -6.5225-4.63-20.37000000
Interest Paid -1.29-4.14-7.50-3.46-0.23-0.21-0.51-0.56-0.79-0.20
Dividend Paid 000000-7.01-6.75-23.060
Others 04.580.36-23.21-8.87-10.22-9.79-57.83-12.78-17.53
Net Cash Flow -23.85-12.54-0.1654.84-50.858.74-11.651.27-7.3980.48

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.65-103.620.5331.2423.0317.0810.7424.9720.221.17
ROCE (%)16.04-67.616.9629.2524.8318.8314.7431.8425.3827.61
Asset Turnover Ratio0.630.890.940.920.890.750.971.291.271.37
PAT to CFO Conversion(x)3.52N/A0.541.671.561.131.241.190.75-0.12
Working Capital Days
Receivable Days83.30107.10193.30178.80110.8094.5069.60495663.40
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Cigniti Technologies Ltd. - (Amalgamated) FAQs

The current trading price of Cigniti Tech. Amalga on 14-May-2026 16:59 is ₹1,258.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-May-2026 the market cap of Cigniti Tech. Amalga stood at ₹3,467.9 Cr

The latest P/E ratio of Cigniti Tech. Amalga as of 13-May-2026 is 17.30.

The latest P/B ratio of Cigniti Tech. Amalga as of 13-May-2026 is 4.31.

The 52-week high of Cigniti Tech. Amalga is ₹1,928.9 and the 52-week low is ₹996.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cigniti Tech. Amalga is ₹1,319 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cigniti Technologies Ltd. - (Amalgamated) is a good quality company.

The key valuation ratios of Cigniti Technologies Ltd. - (Amalgamated)'s currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

No data found

About Cigniti Technologies Ltd. - (Amalgamated)

Chakkilam Infotech, co-founded by Subramanyam in 1999, is based in Hyderabad with subsidiaries in the US and UK, it offers mature testing processes and methodologies that help ISVs and Enterprise IT organizations to achieve predictable, improved product quality levels, while reducing the time and cost associated with testing.

Chakkilam Infotech is a recognized pioneer in medical transcription in Hyderabad and the HIPAA compliance product developed by Chakkilam was a pioneering effort to build software products in India. The company went public in 2004.

The delivery presence of the company spans Hyderabad, Bangalore and UK. It has more than 16,000 square feet of modern facilities. The main delivery center in Hyderabad is located in the central business district of Hyderabad to offer easy access to all our employees.

It offers a secure and easily configurable development and testing environment that we can customize for a client with specific needs to create a dedicated center. If you need to build a team separated from others with special access control, network control and themes that reflect the principal's office, we can setup a dedicated center within our facilities for teams starting from 10 to 50 resources.

Their people, process and technology show the deep understanding of software testing and its complementary role to development. Their extended Distributed Delivery (XDD) leverages tier-2 cities in India to deliver superior cost savings without sacrificing quality.

Chakkilam also offers teams of experienced test engineers, domain experts, and custom-built tools and frameworks to meet industry-specific testing requirements.

Their testers work collaboratively and yet independently to check, escalate and verify quality. Even as they work 'with' your teams, they will challenge the developers to build better quality. Their testers are technically and mentally trained to deliver.

They can design, develop and execute Functional Tests, Regression Tests, Test Automation, Performance Testing, Usability Testing (especially for compliance), Browser Compatibility Tests and Acceptance Tests.

They have competency in HP Quick Test Professional , Silk, LoadRunner, Quality Center and Open Source tools like Selenium, QATrack, OpenSTA, etc.

Services offered by the company:

  • eXtended Distributed Delivery- Its  XDD (eXtended Distributed Delivery) is a key differentiator to help the clients get to the next level of cost reduction and predictability.
  • Engagement Process- The engagement manager works onsite or offshore in a consultative mode to help the teams to get the best out of the engagement. Chakkilam engages with clients using different models.
  • Agile Processes- Chakkilam understands the need for aligning testing and development processes for fast changing user needs and requirements.
  • They have built a strong independent software quality management, quality assurance and testing services company. Their cTEST methodology combined with XDD delivery network cuts testing costs by 60% while improving testing effectiveness.
  • Chakkilam has worked with enterprises in the healthcare domain to offer transcription and billing solutions for hospitals and doctors.
  • Chakkilam has delivered engineering services in CAD (Computer Aided Design) and GIS (Geographical Information Systems) to enterprises.

Recent development

On June1, 2009 Chakkilam Infotech announced the start of its European operations led by Mark Ferguson based in Glasgow, Scotland.

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