BSE: 500304 | NSE: NIITLTD | IT - Education | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NIIT Ltd is a below average quality company.
The key valuation ratios of NIIT Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of NIIT Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -13.2% | 2.3% | 2.2% | 2.7% | 4.7% | 118.3% | 4.6% | 5.1% | -1.3% | 3.8% | - |
| Value Creation Index ⓘ | -2.0 | -0.8 | -0.9 | -0.8 | -0.7 | 7.5 | -0.7 | -0.6 | -1.1 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 349 | 381 | 365 | 362 | 388 | 406 | 368 | 126 | 157 | 130 | 128 |
| Sales YoY Gr. | - | 9.4% | -4.4% | -0.8% | 7.1% | 4.8% | -9.4% | -65.8% | 25.2% | -17.6% | - |
| Adj EPS ⓘ | -3.4 | -0.2 | -0.3 | 0.7 | 1.3 | 24 | 3.9 | 6.6 | -1 | 2.6 | 2.8 |
| YoY Gr. | - | NA | NA | NA | 85.9% | 1717.4% | -83.6% | 68% | -115% | NA | - |
| BVPS (₹) ⓘ | 49.1 | 49.1 | 46.7 | 47.1 | 47.6 | 107.4 | 108.9 | 99.8 | 71.8 | 73.9 | 76.5 |
| Adj Net Profit ⓘ | -56.8 | -2.4 | -5.6 | 11.9 | 22.1 | 339 | 56.1 | 88.7 | -13.3 | 35.5 | 38 |
| Cash Flow from Ops. ⓘ | 36 | 51.4 | 30.9 | 17.6 | -16.3 | 28.5 | 84.7 | 53.2 | -31.4 | -1.3 | - |
| Debt/CF from Ops. ⓘ | 3.5 | 3.4 | 5.8 | 9.8 | -13.1 | 0.9 | 0.1 | 0 | -0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -10.4% | -19.7% | -29.4% | -17.6% | ||||
| Adj EPS ⓘ | NA | 14.8% | -12.6% | NA | ||||
| BVPSⓘ | 4.6% | 9.2% | -12.1% | 2.9% | ||||
| Share Price | 15.2% | 15.8% | -17.9% | 94.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -9.2 | -0.3 | -0.7 | 1.5 | 2.8 | 29 | 3.6 | 6.1 | -1.1 | 3.5 | 3.8 |
| Op. Profit Mgn % ⓘ | -2.1 | 1.5 | 0.3 | 3.1 | 1.6 | 7.9 | -7.3 | -22.6 | -27.6 | -19 | -22.1 |
| Net Profit Mgn % ⓘ | -16.3 | -0.6 | -1.5 | 3.3 | 5.7 | 83.6 | 15.2 | 70.5 | -8.5 | 27.3 | 30.1 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 420 | 350 | 328 | 233 | 207 | 335 | 449 | 1,021 | 566 | 454 | 923 |
| Cash Conv. Cycle ⓘ | 87 | 50 | 32 | 22 | 25 | 28 | 26 | 99 | 42 | -6 | 837 |
Return on Equity has increased versus last 3 years average to 3.80%
Sales growth has been subdued in last 3 years -29.35%
Net Profit has been subdued in last 3 years -12.61%
Sales growth is not so good in last 4 quarters at -1.23%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.8 | 3.3 |
| TTM Sales (₹ Cr.) | 128 | 333 |
| BVPS (₹.) ⓘ | 76.5 | 77.4 |
| Reserves (₹ Cr.) ⓘ | 1,009 | 1,021 |
| P/BV ⓘ | 2.98 | 2.95 |
| PE ⓘ | 80.38 | 68.42 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 90.80 / 233.80 |
| All Time Low / High (₹) | 11.41 / 658.55 |
| Market Cap (₹ Cr.) | 3,088 |
| Equity (₹ Cr.) | 27.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 73 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 349 | 381 | 365 | 362 | 388 | 406 | 368 | 126 | 157 | 130 |
| Operating Expenses ⓘ | 356 | 376 | 365 | 351 | 381 | 374 | 395 | 154 | 201 | 155 |
| Manufacturing Costs | 91 | 108 | 113 | 109 | 115 | 117 | 122 | 46 | 56 | 44 |
| Material Costs | 2 | -2 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 127 | 139 | 148 | 155 | 166 | 179 | 189 | 75 | 103 | 80 |
| Other Costs ⓘ | 136 | 131 | 99 | 86 | 100 | 78 | 84 | 33 | 42 | 30 |
| Operating Profit ⓘ | -8 | 6 | 0 | 11 | 6 | 32 | -27 | -28 | -44 | -25 |
| Operating Profit Margin (%) | -2.2% | 1.5% | -0.1% | 3.1% | 1.6% | 7.9% | -7.3% | -22.6% | -27.6% | -19.2% |
| Other Income ⓘ | 37 | 42 | 41 | 51 | 60 | 149 | 164 | 117 | 40 | 75 |
| Interest ⓘ | 15 | 21 | 24 | 20 | 20 | 14 | 4 | 1 | 1 | 1 |
| Depreciation ⓘ | 43 | 28 | 24 | 24 | 23 | 35 | 27 | 10 | 11 | 12 |
| Exceptional Items ⓘ | -85 | 2 | 4 | -13 | 3 | 1,380 | -39 | -2 | -1 | 0 |
| Profit Before Tax ⓘ | -113 | 1 | -3 | 6 | 27 | 1,512 | 68 | 75 | -15 | 37 |
| Tax ⓘ | 3 | 1 | 1 | 1 | 1 | 144 | 11 | -13 | -1 | 2 |
| Profit After Tax | -116 | 0 | -4 | 5 | 25 | 1,368 | 57 | 87 | -14 | 35 |
| PAT Margin (%) | -33.3% | 0.0% | -1.0% | 1.4% | 6.6% | 336.8% | 15.4% | 69.4% | -9.1% | 27.1% |
| Adjusted EPS (₹) | -7.0 | 0.0 | -0.2 | 0.3 | 1.5 | 96.7 | 4.0 | 6.5 | -1.1 | 2.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 328% | 10% | 63% | 46% | 0% | 48% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 812 | 812 | 775 | 785 | 797 | 1,519 | 1,550 | 1,336 | 967 | 999 |
| Share Capital ⓘ | 33 | 33 | 33 | 33 | 33 | 28 | 28 | 27 | 27 | 27 |
| Reserves ⓘ | 779 | 779 | 742 | 751 | 764 | 1,491 | 1,522 | 1,309 | 940 | 972 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 108 | 175 | 158 | 110 | 163 | 7 | 0 | 1 | 0 | 0 |
| Long Term Debt | 100 | 166 | 142 | 81 | 134 | 7 | 0 | 1 | 0 | 0 |
| Short Term Debt | 8 | 9 | 16 | 29 | 29 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 59 | 67 | 58 | 67 | 64 | 54 | 52 | 60 | 22 | 24 |
| Others Liabilities ⓘ | 176 | 165 | 229 | 141 | 139 | 294 | 262 | 119 | 72 | 72 |
| Total Liabilities ⓘ | 1,155 | 1,219 | 1,221 | 1,103 | 1,164 | 1,874 | 1,865 | 1,516 | 1,060 | 1,095 |
Fixed Assets | ||||||||||
| Gross Block | 349 | 369 | 190 | 206 | 242 | 318 | 272 | 287 | 199 | 219 |
| Accumulated Depreciation | 287 | 304 | 24 | 46 | 70 | 111 | 104 | 123 | 52 | 55 |
| Net Fixed Assetsⓘ | 62 | 65 | 166 | 160 | 172 | 207 | 168 | 163 | 147 | 164 |
| CWIP ⓘ | 4 | 1 | 10 | 9 | 11 | 8 | 2 | 6 | 14 | 15 |
| Investmentsⓘ | 742 | 742 | 763 | 728 | 194 | 949 | 997 | 940 | 712 | 736 |
| Inventories | 3 | 4 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 133 | 121 | 85 | 101 | 108 | 92 | 73 | 89 | 14 | 22 |
| Cash Equivalents | 13 | 14 | 23 | 4 | 30 | 179 | 300 | 100 | 5 | 38 |
| Others Assetsⓘ | 199 | 271 | 173 | 101 | 648 | 438 | 325 | 217 | 168 | 119 |
| Total Assets ⓘ | 1,155 | 1,219 | 1,221 | 1,103 | 1,164 | 1,874 | 1,865 | 1,516 | 1,060 | 1,095 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 36 | 51 | 31 | 18 | -16 | 28 | 85 | 53 | -31 | -1 |
| PBT ⓘ | -28 | -2 | -7 | 18 | 23 | 132 | 103 | 139 | -17 | 37 |
| Adjustment ⓘ | 42 | 29 | 29 | 21 | -22 | -72 | -50 | -81 | -10 | -37 |
| Changes in Working Capital ⓘ | 29 | 29 | 0 | -14 | -13 | -29 | 35 | -6 | 5 | 12 |
| Tax Paid ⓘ | -5 | -7 | 8 | -5 | -5 | -3 | 0 | 1 | -7 | -12 |
| Cash Flow From Investing Activity ⓘ | -11 | -75 | -8 | -12 | 26 | 825 | -62 | 313 | 24 | 8 |
| Capex | -18 | -72 | -40 | -34 | -44 | -23 | -10 | -20 | -18 | -30 |
| Net Investments | 0 | 1 | 0 | 11 | 0 | 816 | -44 | 311 | 71 | 39 |
| Others ⓘ | 6 | -4 | 32 | 11 | 70 | 31 | -8 | 21 | -29 | -1 |
| Cash Flow From Financing Activityⓘ | -19 | 27 | -13 | -23 | 13 | -854 | -45 | -366 | 4 | -6 |
| Net Proceeds from Shares ⓘ | 0 | 2 | 1 | 4 | 3 | -331 | 5 | 11 | 6 | 2 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -15 | -19 | -22 | -20 | -20 | -10 | -2 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -26 | 0 | 0 | 0 | 0 | -197 | -28 | -73 | 0 | -7 |
| Others ⓘ | 22 | 44 | 8 | -7 | 30 | -316 | -20 | -304 | -2 | -2 |
| Net Cash Flow ⓘ | 5 | 3 | 10 | -17 | 23 | -1 | -22 | 0 | -4 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -18.86 | 0.01 | -0.44 | 0.66 | 3.22 | 118.15 | 3.7 | 6.05 | -1.25 | 3.58 |
| ROCE (%) | -13.23 | 2.25 | 2.15 | 2.71 | 4.7 | 118.29 | 4.57 | 5.14 | -1.25 | 3.76 |
| Asset Turnover Ratio | 0.35 | 0.32 | 0.3 | 0.31 | 0.34 | 0.27 | 0.2 | 0.07 | 0.12 | 0.12 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 3.6 | -0.64 | 0.02 | 1.49 | 0.61 | N/A | -0.03 | Working Capital Days |
| Receivable Days | 165 | 121 | 103 | 94 | 98 | 90 | 82 | 235 | 120 | 51 |
| Inventory Days | 4 | 3 | 3 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 6,327 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NIIT is a provider of global information technology (IT) learning solutions. The company was incorporated in 1981; currently the company offers learning solutions to individuals, enterprises and institutions across 40 countries.
NIIT offers training solutions in area of IT, business process outsourcing (BPO), banking, finance and insurance, executive management education, and communication and professional life skills.
The company operates the largest learning content development facility in the world with capacity of reaching 5 million learners every year.
The company has created brands like Edgeineers, e guru, element k, Evolv, Globalnet+, GNIIT, HiWEL, ifbi, Imperia, litmus, Swift and Uniqua.
NIIT has alliances with global leaders such as Adobe, Cisco, Citrix, EMC, Intel, Microsoft, Oracle, SAS, Sun and provides training on their platforms. For its academic alliance, the company has collaborated with 100 leading educational institutes across
NIIT’s Institute of Finance Banking and Insurance (IFBI) is been launched in partnership with various leading financial institutions such as ICICI Securities, HDFC Bank, Kotak Mahindra Bank, Yes Bank, ICICI Lombard and Infosys (Finacle).
The company is also forming alliances with various Government organisations to launch training programs.
NIIT’s school learning solutions offers IT program
Milestones
2010
-MDI & NIIT Imperia sign Memorandum of Understanding (MoU) to deliver Executive Management Programs
-GNOU & NIIT bring together education and Skill Building to enhance Employable Talent Pool
-NIIT launches specialized training programs to develop human capital in Malaysia
2011
-NIIT launches 'NIIT eGuru Math Lab' at Ryan International School, Bangalore.
-Ministry of Agriculture Ties Up with NIIT to promote IT usage for Livestock Management.
-NIIT Unveils the first 'NIIT One World' Centre in Coimbatore
-NIIT offers India's first Cloud Campus.
-NIIT IFBI Launches Preparatory courses for PSU banks' Probationary Officers and Clerical Recruitment Exams
-NIIT and NSDL form joint venture to fuel growth in Skills & Employability for your across India
2012
-KPMG and NIIT Imperia launch pioneering tax training programs for corporate and aspiring professionals
-NIIT unveils 'The Turning Point’: an all-new Cloud Centric Curriculum to develop future-ready IT professionals
-NIIT and Department of Income Tax strengthen partnership to create a certified pool of - Tax Return Preparers (TRPs).
-Google introduces 'Google Web Academy' in India in alliance with NIIT
-NIIT forays into Bangladesh; launches Bangladesh's first Cloud Campus
Awards
NIIT was ranked among the ‘Top 20 Companies in the IT Training Industry’ in 2008 by TainingOutsourcing.com.
NIIT was acknowledged for its innovation in ICT in Education by UNESCO in 2008.
NIIT’s brand HiWEL received ‘Digital Opportunity Award’ by World Information Technology Services Alliance (WITSA) in 2008.
2011 - Ranked among the Top 20 Best IT Employers, in DQ-CMR’s Best Employers Survey 2011Conferred with the ‘Excellence in Training’ Award at ASIA’s Best Employer Brand Awards 2011Best IT Implementation of the year†award conferred to three projects by PC Quest in 2011
2012 - Featured in the Leaders category in ‘2012 Global Outsourcing 100 service providers’ listReceived Award for Excellence in “HR through Technology†and “Training†at ASIA's Best Employer Brand Awards 2012NIIT Technologies' “Intranet Prahari†bags Skoch Digital Inclusion Award 2012 for the ‘Best Process Automation’Recognized as a Special Category Winner, ranked No.3 in Best Companies in Career Growth category in Great Place to work study, 2012Ranked No. 6 in “DQ-CMR Best IT Employer Survey 2012 - Ranked No.1 across all industries globally in the 2012 ASTD (American Society for Training and Development) BEST Awards
2013 - Listed in the Forbes Asia's 200 Best Under a Billion companies, 2013Ranked 6th in Top Employer category at Asia's Best Employer Brand Awards, 2013Conferred with Best in HR Strategy in line with Business at Asia's Best Employer Brand Awards, 2013Recognized for Excellence in Training at Asia's Best Employer Brand Awards, 2013
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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