Is Cigniti Technologies a good quality company?

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

Is Cigniti Technologies 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 .

What is Cigniti Technologies share price return in the past 10 years?

Cigniti Technologies Ltd share price has appreciated 11.9% annually (CAGR) over the past ten years.

Is Cigniti Technologies 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.

Cigniti Technologies Ltd - Stock Valuation and Financial Performance

Name: Cigniti Technologies
Brand: Cigniti Technologies

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

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Cigniti Technologies Share Price

₹1,452.35 53.30 3.81%
as on 21-Nov'24 16:00

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.6%	16%	-67.6%	17%	29.3%	24.8%	18.8%	14.7%	31.8%	25.4%	-
Value Creation Index ⓘ	-0.8	0.2	-5.8	0.2	1.1	0.8	0.4	0.1	1.3	0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	114	204	275	244	261	300	311	456	697	789	867
Sales YoY Gr.	-	78.9%	34.5%	-11.4%	7%	15.1%	3.6%	46.4%	52.9%	13.2%	-
Adj EPS ⓘ	1.3	12.6	-20.4	9.2	20.1	21.1	18.7	13.9	37	34.8	24.3
YoY Gr.	-	839.6%	-261.8%	NA	118.8%	5%	-11.4%	-25.8%	166.3%	-5.9%	-
BVPS (₹) ⓘ	81.5	104.6	35.8	56	83	103.6	124.6	136.2	158.7	185.4	200
Adj Net Profit ⓘ	3.3	32.1	-54	25.1	55.7	58.8	52.5	39	101	95.1	66
Cash Flow from Ops. ⓘ	-20.4	112	-29.4	13.7	99.5	93	61.4	48.6	121	71.5	-
Debt/CF from Ops. ⓘ	-0.6	0.2	-2.1	4.3	0.1	0.1	0.3	0.5	0.3	0.5	-

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%
BVPSⓘ	9.6%	17.4%	14.2%	16.8%
Share Price	11.9%	34.6%	33.3%	35%

Key Financial Parameters ⓘ

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 % ⓘ	2	12.1	-25.1	16.6	27.1	22.1	16.3	10.6	24.6	20.1	12.6
Op. Profit Mgn % ⓘ	7.9	25.5	8.2	14.8	16.9	19.7	19.6	12.4	21.2	15.9	13.2
Net Profit Mgn % ⓘ	2.9	15.7	-19.6	10.3	21.4	19.6	16.9	8.6	14.5	12.1	7.6
Debt to Equity ⓘ	0.1	0.1	0.7	0.4	0.1	0.1	0.1	0.1	0.1	0.1	0
Working Cap Days ⓘ	252	312	262	269	249	181	165	117	87	90	104
Cash Conv. Cycle ⓘ	75	11	61	174	160	93	78	58	37	40	79

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 14.27%

Return on Equity has declined versus last 3 years average to 12.60%

Latest Financials - Cigniti Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	24.3	50.8
TTM Sales (₹ Cr.)	867	1,891
BVPS (₹.) ⓘ	200	297
Reserves (₹ Cr.) ⓘ	519	783
P/BV ⓘ	7.00	4.71
PE ⓘ	57.67	27.55

From the Market
52 Week Low / High (₹)	945.00 / 1552.60
All Time Low / High (₹)	4.47 / 1552.60
Market Cap (₹ Cr.)	3,819
Equity (₹ Cr.)	27.3
Face Value (₹)	10
Industry PE ⓘ	34.4

Management X-Ray of Cigniti Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

9.89

34.38

9.47

3.71

3.07

0.00

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

Valuation of Cigniti Technologies

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Cigniti Technologies

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	114	204	275	244	261	300	311	456	697	789
Operating Expenses ⓘ	105	153	253	208	217	241	250	399	551	664
Manufacturing Costs	19	1	5	5	4	4	3	6	6	6
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	45	104	177	144	155	193	213	340	472	588
Other Costs ⓘ	42	48	71	59	58	45	34	53	74	70
Operating Profit ⓘ	9	52	22	36	44	59	61	57	145	125
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 ⓘ	2	2	0	2	29	19	13	14	13	26
Interest ⓘ	1	2	5	8	3	4	4	3	2	2
Depreciation ⓘ	5	8	5	2	3	10	10	13	19	22
Exceptional Items ⓘ	0	0	-190	0	0	0	0	0	0	0
Profit Before Tax ⓘ	5	43	-178	28	67	65	60	54	137	126
Tax ⓘ	2	11	9	3	7	5	5	15	35	32
Profit After Tax	4	32	-187	25	60	60	54	39	102	95
PAT Margin (%)	3.1%	15.6%	-68.1%	10.4%	22.9%	19.9%	17.5%	8.6%	14.6%	12.0%
Adjusted EPS (₹)	1.5	12.5	-70.7	9.3	21.6	21.4	19.4	14.0	37.3	34.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	13%	18%	15%	9%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	202	267	95	153	230	288	349	382	433	506
Share Capital ⓘ	25	25	27	27	28	28	28	28	27	27
Reserves ⓘ	177	241	68	125	202	261	321	354	405	479
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	11	20	58	54	11	13	16	24	30	35
Long Term Debt	7	0	20	15	0	0	0	0	0	0
Short Term Debt	5	20	38	39	11	13	16	24	30	35
Trade Payables	9	39	9	7	10	11	10	13	20	36
Others Liabilities ⓘ	43	55	75	66	39	75	65	80	94	92
Total Liabilities ⓘ	265	381	238	279	289	387	440	499	577	669
Fixed Assets
Gross Block	30	78	13	14	23	55	59	74	83	98
Accumulated Depreciation	18	26	5	7	10	13	23	23	42	63
Net Fixed Assetsⓘ	13	52	8	6	13	42	36	51	41	35
CWIP ⓘ	47	21	0	0	0	0	0	0	0	0
Investmentsⓘ	67	70	70	69	69	118	150	190	277	349
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	42	51	111	148	108	74	87	87	100	142
Cash Equivalents	25	1	2	3	52	83	117	102	82	73
Others Assetsⓘ	71	186	48	54	46	69	51	69	77	71
Total Assets ⓘ	265	381	238	279	289	387	440	499	577	669

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	-20	112	-29	14	99	93	61	49	121	72
PBT ⓘ	6	43	-178	28	67	65	60	54	137	126
Adjustment ⓘ	21	45	218	22	15	9	7	14	13	-2
Changes in Working Capital ⓘ	-47	24	-52	-34	30	25	6	-15	4	-11
Tax Paid ⓘ	0	0	-17	-2	-13	-6	-10	-5	-34	-42
Cash Flow From Investing Activity ⓘ	-105	-129	-10	-3	2	-135	-43	-44	-55	-43
Capex	-51	-22	-2	-3	-8	-6	-3	-18	-12	-5
Net Investments	0	0	0	0	0	-130	-47	-33	-24	-35
Others ⓘ	-55	-107	-7	0	10	1	6	7	-20	-3
Cash Flow From Financing Activityⓘ	146	-7	26	-11	-47	-9	-9	-17	-64	-36
Net Proceeds from Shares ⓘ	107	1	1	1	0	0	1	1	1	0
Net Proceeds from Borrowing ⓘ	10	-7	25	-5	-20	0	0	0	0	0
Interest Paid ⓘ	0	-1	-4	-7	-3	0	0	-1	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	-7	-7	-23
Others ⓘ	30	0	5	0	-23	-9	-10	-10	-58	-13
Net Cash Flow ⓘ	21	-24	-13	0	55	-51	9	-12	1	-7

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.47	13.65	-103.6	20.53	31.24	23.03	17.08	10.74	24.97	20.2
ROCE (%)	3.57	16.04	-67.6	16.97	29.25	24.83	18.83	14.74	31.84	25.38
Asset Turnover Ratio	0.6	0.63	0.89	0.94	0.92	0.89	0.75	0.97	1.29	1.27
PAT to CFO Conversion(x)	-5	3.5	N/A	0.56	1.65	1.55	1.13	1.26	1.19	0.76
Working Capital Days
Receivable Days	104	83	107	193	179	111	94	70	49	56
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Cigniti Technologies Ltd Stock News

Cigniti Technologies Ltd FAQs

What is the share price of Cigniti Technologies?

Company share prices are keep on changing according to the market conditions. The closing price of Cigniti Technologies on 21-Nov-2024 16:00 is ₹1,452.4.

What is the market cap of Cigniti Technologies?

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 21-Nov-2024 16:00 the market cap of Cigniti Technologies stood at ₹3,819.4.

What is the P/E ratio of Cigniti Technologies?

The latest P/E ratio of Cigniti Technologies as of 21-Nov-2024 16:00 is 57.67.

What is the P/B ratio of Cigniti Technologies?

The latest P/B ratio of Cigniti Technologies as of 21-Nov-2024 16:00 is 7.00.

What is the 52-week high and low of Cigniti Technologies?

The 52-week high of Cigniti Technologies is ₹1,552.6 and the 52-week low is ₹945.0.

What is the TTM revenue of Cigniti Technologies?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cigniti Technologies is ₹867.5 ( 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.