X

Cigniti Technologies Ltd. Stock Analysis

Small Cap
Evaluated by 421 users | BSE: 534758 | NSE: CIGNITITEC |
IT - Software
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 2.33%1.98%2.84%10.94%2.25%11.82%-19.66%14.37%24.07%22.2%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7.610.223.655.5114204275244261300
Y-o-Y Gr. Rt.-35.5%130.2%135.6%105.9%78.9%34.5%-11.4%7%15.1%
Adjusted EPS (Rs.) 0.190.20.623.831.3412.59-20.379.220.1321.13
Y-o-Y Gr. Rt.-5.3%210%517.7%-65%839.6%-261.8%NA118.8%5%
Book Value per Share (Rs.) 13.4622.127.1842.4681.54104.5735.856.0183.02103.57
Adjusted Net Profit 0.20.31.283.332.1-5425.155.758.8
Net Op. Cash Flow (Rs. Cr.) 0.60.5-7.310.4-20.4112-29.413.799.593
Debt to Cash Flow from Ops 4.144.93-0.110.27-0.610.18-2.144.330.110.14
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cigniti Technologies Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 50.6%21.3%3%15.1%
Adjusted EPS 68.8%73.6%NA5%
Book Value per Share 25.54.942.524.8
Share Price 32.5% -3.3% 16% 28.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.411.342.6411.082.0412.08-25.1416.5827.0922.12
Operating Profit Margin (%) 19.9916.9413.7324.547.925.458.1514.8116.8519.65
Net Profit Margin (%) 2.33.294.9514.342.915.69-19.6310.2821.3519.59
Debt to Equity 0.180.060.020.030.060.080.660.390.050.05
Working Capital Days 276305251217252312262269249181
Cash Conversion Cycle 10689898877136317416093
Entity Percentage Holding
Promoters 37.44%
Institutions 0.03%
Non-Institutions 62.53%
Pledged *25.840.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cigniti Technologies Ltd.'s performance infers:

Cigniti Technologies Ltd. earnings have grown by 73.6%, whereas share price has depreciated -3.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Cigniti Technologies Ltd. share prices over the last 10 years. Here is what we found out:

Cigniti Technologies Ltd. share price has depreciated 33.9% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback