Cigniti Technologies Ltd - Stock Valuation and Financial Performance

BSE: 534758 | NSE: CIGNITITEC | IT - Software | Small Cap

Cigniti Technologies Share Price

1,386.95 -1.25 -0.09%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Cigniti Technologies

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Cigniti Technologies stock performance -

mw4me loader
P/E Ratio (SA):
62.71
Market Cap:
3,791.4 Cr.
52-wk low:
836
52-wk high:
1,440

Is Cigniti Technologies Ltd an attractive stock to invest in?

1. Is Cigniti Technologies Ltd a good quality company?

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

2. Is Cigniti Technologies Ltd undervalued or overvalued?

The key valuation ratios of Cigniti Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Cigniti Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Cigniti Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cigniti Technologies:

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 has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 3.6%16%-67.6%17%29.3%24.8%18.8%14.7%31.8%25.4%-
Value Creation
Index
-0.80.2-5.80.21.10.80.40.11.30.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 114204275244261300311456697789810
Sales YoY Gr.-78.9%34.5%-11.4%7%15.1%3.6%46.4%52.9%13.2%-
Adj EPS 1.312.6-20.49.220.121.118.713.93734.822.2
YoY Gr.-839.6%-261.8%NA118.8%5%-11.4%-25.8%166.3%-5.9%-
BVPS (₹) 81.5104.635.85683103.6124.6136.2158.7185.4182.8
Adj Net
Profit
3.332.1-5425.155.758.852.53910195.160
Cash Flow from Ops. -20.4112-29.413.799.59361.448.612171.5-
Debt/CF from Ops. -0.60.2-2.14.30.10.10.30.50.30.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 23.9%24.8%36.4%13.2%
Adj EPS 43.6%11.6%23%-5.9%
BVPS9.6%17.4%14.2%16.8%
Share Price 11.1% 35.8% 31.5% 50.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
212.1-25.116.627.122.116.310.624.620.112
Op. Profit
Mgn %
7.925.58.214.816.919.719.612.421.215.913.6
Net Profit
Mgn %
2.915.7-19.610.321.419.616.98.614.512.17.5
Debt to
Equity
0.10.10.70.40.10.10.10.10.10.1-
Working Cap
Days
2523122622692491811651178790112
Cash Conv.
Cycle
751161174160937858374083

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 36.36%

Net Profit is growing at healthy rate in last 3 years 22.99%

Sales growth is good in last 4 quarters at 10.31%

Return on Equity has declined versus last 3 years average to 12.00%

Latest Financials - Cigniti Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 22.2 48.2
TTM Sales (₹ Cr.) 810 1,844
BVPS (₹.) 182.8 272.5
Reserves (₹ Cr.) 472 717
P/BV 7.60 5.10
PE 62.71 28.82
From the Market
52 Week Low / High (₹) 836.00 / 1440.00
All Time Low / High (₹) 4.47 / 1440.00
Market Cap (₹ Cr.) 3,791
Equity (₹ Cr.) 27.3
Face Value (₹) 10
Industry PE 36.6

Management X-Ray of Cigniti Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.999.8934.389.473.713.713.070.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Cigniti Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales114204275244261300311456697789
Operating Expenses 105153253208217241250399551664
Manufacturing Costs19155443666
Material Costs0000000000
Employee Cost 45104177144155193213340472588
Other Costs 42487159584534537470
Operating Profit 952223644596157145125
Operating Profit Margin (%) 7.9%25.4%8.1%14.6%16.8%19.7%19.6%12.4%20.9%15.8%
Other Income 2202291913141326
Interest 1258344322
Depreciation 585231010131922
Exceptional Items 00-1900000000
Profit Before Tax 543-1782867656054137126
Tax 21193755153532
Profit After Tax 432-187256060543910295
PAT Margin (%) 3.1%15.6%-68.1%10.4%22.9%19.9%17.5%8.6%14.6%12.0%
Adjusted EPS (₹)1.512.5-70.79.321.621.419.414.037.334.7
Dividend Payout Ratio (%)0%0%0%0%0%0%13%18%15%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 20226795153230288349382433506
Share Capital 25252727282828282727
Reserves 17724168125202261321354405479
Minority Interest0000000000
Debt11205854111316243035
Long Term Debt702015000000
Short Term Debt5203839111316243035
Trade Payables93997101110132036
Others Liabilities 43557566397565809492
Total Liabilities 265381238279289387440499577669

Fixed Assets

Gross Block30781314235559748398
Accumulated Depreciation182657101323234263
Net Fixed Assets135286134236514135
CWIP 472100000000
Investments 6770706969118150190277349
Inventories0000000000
Trade Receivables4251111148108748787100142
Cash Equivalents 2512352831171028273
Others Assets711864854466951697771
Total Assets 265381238279289387440499577669

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -20112-29149993614912172
PBT 643-1782867656054137126
Adjustment 21452182215971413-2
Changes in Working Capital -4724-52-3430256-154-11
Tax Paid 00-17-2-13-6-10-5-34-42
Cash Flow From Investing Activity -105-129-10-32-135-43-44-55-43
Capex -51-22-2-3-8-6-3-18-12-5
Net Investments 00000-130-47-33-24-35
Others -55-107-7010167-20-3
Cash Flow From Financing Activity 146-726-11-47-9-9-17-64-36
Net Proceeds from Shares 107111001110
Net Proceeds from Borrowing 10-725-5-2000000
Interest Paid 0-1-4-7-300-1-1-1
Dividend Paid 0000000-7-7-23
Others 30050-23-9-10-10-58-13
Net Cash Flow 21-24-13055-519-121-7
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.4713.65-103.620.5331.2423.0317.0810.7424.9720.2
ROCE (%)3.5716.04-67.616.9729.2524.8318.8314.7431.8425.38
Asset Turnover Ratio0.60.630.890.940.920.890.750.971.291.27
PAT to CFO Conversion(x)-53.5N/A0.561.651.551.131.261.190.76
Working Capital Days
Receivable Days1048310719317911194704956
Inventory Days0000000000
Payable Days0000000000

Cigniti Technologies Ltd Stock News

Cigniti Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cigniti Technologies on 11-Oct-2024 16:01 is ₹1,387.
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 11-Oct-2024 16:01 the market cap of Cigniti Technologies stood at ₹3,791.4.
The latest P/E ratio of Cigniti Technologies as of 11-Oct-2024 16:01 is 62.71.
The latest P/B ratio of Cigniti Technologies as of 11-Oct-2024 16:01 is 7.60.
The 52-week high of Cigniti Technologies is ₹1,440 and the 52-week low is ₹836.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cigniti Technologies is ₹810.0 ( Cr.) .

About Cigniti Technologies Ltd

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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