Cigniti Technologies Ltd Stock Analysis

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

BSE Share Price 09-Jun-2023 18:01
899.80 -4.00 (-0.44%)

DeciZen - Make an Informed Decision on Cigniti Technologies

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Cigniti Technologies Price Chart

P/E Ratio ( SA) :
24.23
Market Cap :
2,464.8 Cr.
52-wk low :
417.3
52-wk high :
945
Bole Toh?

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 average 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 Strong which suggest that the price of Cigniti Technologies Ltd is likely to Rise 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.9%2.3%11.8%-19.7%14.4%24.1%22.2%16.4%10.6%23.4%-
Value Creation Index -0.2-0.8-0.2-2.40.00.70.60.2-0.20.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 55.5114204275244261300311456697697
YoY Gr. Rt. %-105.9%78.9%34.5%-11.4%7%15.1%3.6%46.4%52.9%-
Adj EPS 3.81.312.6-20.49.220.121.118.713.93737.3
YoY Gr. Rt. %--65%839.6%-261.8%NA118.8%5%-11.4%-25.8%166.3%-
BVPS (₹) 42.581.5104.635.85683103.6124.6136.2158.7158.6
Adj Net Profit 83.332.1-5425.155.758.852.539101102
Cash Flow from Ops. 10.4-20.4112-29.413.799.59361.448.6121-
Debt/CF from Ops. 0.3-0.60.2-2.14.30.10.10.30.50.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 32.5%23.4%32.4%52.9%
Adj EPS 28.7%32.1%20.5%166.3%
BVPS 15.823.215.316.5
Share Price 17.6% 29.3% 45.5% 97.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 11.1212.1-25.116.627.122.116.310.624.623.5
Op. Profit Mgn % 24.57.925.58.214.816.919.719.612.421.220.9
Net Profit Mgn % 14.32.915.7-19.610.321.419.616.98.614.514.6
Debt to Equity 00.10.10.70.40.10.10.10.10.10
Working Cap Days 21725231226226924918116511787199
Cash Conv. Cycle 8875116117416093785837145

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.50%

Sales growth is growing at healthy rate in last 3 years 32.37%

Net Profit is growing at healthy rate in last 3 years 20.54%

Sales growth is good in last 4 quarters at 53.43%

No data to display

Latest Financials - Cigniti Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 37.3 61.7
TTM Sales (₹ Cr.) 697 1,648
BVPS (₹.) 158.6 214.6
Reserves (₹ Cr.) 405 558
P/BV 5.70 4.21
PE 24.23 14.64
From the Market
52 Week Low / High (₹) 417.30 / 945.00
All Time Low / High (₹) 4.47 / 945.00
Market Cap (₹ Cr.) 2,465
Equity (₹ Cr.) 27.3
Face Value (₹) 10
Industry PE 28.5

Management X-Ray of Cigniti Technologies :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.0012.9412.8518.559.999.8934.389.473.71
* 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 (%)

News

Cigniti Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cigniti Technologies on 09-Jun-2023 18:01 is : 899.8.
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 09-Jun-2023 18:01 the market cap of Cigniti Technologies stood at ₹ 2,464.8.
The latest PE ratio of Cigniti Technologies as of 09-Jun-2023 18:01 is 24.23.
The latest PB ratio of Cigniti Technologies as of 09-Jun-2023 18:01 is 5.70
The 52-week high of Cigniti Technologies is ₹ 945.0 and the 52-week low is ₹ 417.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Cigniti Technologies is ₹ 696.6 ( 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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