Cigniti Technologies Ltd
Software & Services | Small Cap
Cigniti Technologies demonstrates a strong financial standing. The company excels in solvency, growth, coverage, and profitability, showcasing efficient debt management, substantial revenue and profit increases, and robust earnings. Its liquidity is healthy, ensuring it can meet short-term obligations. However, efficiency metrics are mixed, indicating potential areas for improvement in asset and capital utilization. Financial metrics also suggest some concerns regarding earnings per share, book value, dividends, and capital expenditure. Overall, Cigniti's strong performance in key areas positions it well for continued success, but addressing efficiency and financial metrics could further enhance its financial health.
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- Valuation MetricsNeutral
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio10.00
- Financial Ratio4.60
- Profitability Ratio10.00
- Efficiency Ratio5.67
- Coverage Ratio10.00
- Solvency Ratio10.00
- Liquidity Ratio8.78
- Peer Assessment
- Management AssessmentBalanced
- Risk AssessmentBalanced
- 1 HourNeutral
- 2 HoursNeutral
- 4 HoursNeutral
- 1 DayNeutral
- 1 WeekNeutral
- 1 MonthNeutral
Cigniti Technologies demonstrates a strong financial standing. The company excels in solvency, growth, coverage, and profitability, showcasing efficient debt management, substantial revenue and profit increases, and robust earnings. Its liquidity is healthy, ensuring it can meet short-term obligations. However, efficiency metrics are mixed, indicating potential areas for improvement in asset and capital utilization. Financial metrics also suggest some concerns regarding earnings per share, book value, dividends, and capital expenditure. Overall, Cigniti's strong performance in key areas positions it well for continued success, but addressing efficiency and financial metrics could further enhance its financial health.
Overall Valuation Score
P/E RATIO (TTM)
12.10
Industry Median
16.66
Small Cap Median
16.08
P/E RATIO
17.25
P/B RATIO
3.07
Industry Median
1.91
Small Cap Median
1.90
P/S RATIO
1.72
Industry Median
2.36
Small Cap Median
2.26
Others
PEG RATIO
1.36
EV/EBITDA RATIO
10.67
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1260.3 as on May 14, 2026.
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Cigniti Technologies demonstrates excellent growth across all key metrics. The company shows significant increases in revenue, operating profit, earnings per share, assets, and net income. This indicates strong market performance and effective business strategies. The consistent growth across various areas highlights the company's ability to expand its operations and increase profitability. Overall, the growth ratios reflect a robust and dynamic business environment, positioning the company well for future success.
| Growth Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 2.87 | 38.46 | 32.69 | 10.13 | 10.96 |
| Operating Profit Growth Rate | 12.4 | -11.03 | 84.5 | -6.72 | 30.18 |
| Earnings Per Share (EPS) Growth | -13.9 | -13.03 | 83.24 | 1.23 | 20.44 |
| Asset Growth Rate | N/A | 31.2 | 21.2 | 18.91 | 23.16 |
| Net Income Growth Rate | -13.93 | -12.38 | 82.61 | -1.19 | 20.48 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Cigniti Technologies presents mixed financial metrics. While the adjusted and cash earnings per share provide insights into profitability, the book value per share, dividend per share, and capital expenditures suggest areas of concern. The company's earnings per share, both adjusted and cash, reflect its profitability. However, the book value per share is relatively low, and dividend payments are modest. Capital expenditures are also moderate, indicating a balanced approach to investments. Addressing these areas could improve overall financial health and shareholder value.
| Financial Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | 37.5 | 32.86 | 62.22 | 61.48 | 74.07 |
| Cash Earnings Per Share (Cash EPS) | 41.79 | 38.57 | 71.85 | 72.59 | 86.67 |
| Book Value Per Share | 132.86 | 164.29 | 218.15 | 273.33 | 356.67 |
| Dividend Per Share (DPS) | 2.63 | 2.62 | 5.39 | 3.03 | 0 |
| Capital Expenditures (CapEx) | 3 | 21 | 13 | 5 | 13 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
Cigniti Technologies exhibits excellent profitability across all key metrics. The company demonstrates strong gross profit margins, high returns on capital employed, equity, and assets, as well as robust operating and net margins. This indicates effective cost management and efficient use of resources. The consistent profitability across various measures highlights the company's ability to generate substantial profits from its operations. Overall, the profitability ratios reflect a financially healthy and well-managed organization, positioning it for sustained success.
| Profitability Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Gross Profit Margin | 14.83 | 9.1 | 12.86 | 10.58 | 12.66 |
| Return on Capital Employed (ROCE) | 32.84 | 22.16 | 33.71 | 27.41 | 26.99 |
| Return on Equity (ROE) | 28.23 | 20 | 28.52 | 22.49 | 20.77 |
| Return on Assets (ROA) | 27.26 | 18.48 | 28.13 | 22.07 | 23.33 |
| Operating Margin | 16.16 | 10.39 | 14.44 | 12.23 | 14.35 |
| Net Margin | 11.71 | 7.41 | 10.19 | 9.15 | 9.93 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
Cigniti Technologies presents a mixed picture of operational efficiency. The company demonstrates excellent fixed asset turnover, indicating effective use of its fixed assets to generate revenue. However, the company does not hold any inventory. Capital turnover is low, suggesting inefficient use of overall capital. Receivable days are high, indicating the company takes a long time to collect revenue. This suggests that while the company is adept at using its fixed assets, there are areas where it could improve its overall asset and capital management.
| Efficiency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | 9.65 | 10.99 | 12.21 | 15 | 16.64 |
| Inventory Turnover Ratio | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover Ratio | N/A | N/A | N/A | N/A | N/A |
| Days Sales in Inventory Ratio | N/A | N/A | N/A | N/A | N/A |
| Receivable Days | N/A | N/A | N/A | N/A | N/A |
| Capital Turnover Ratio | 2 | 2.17 | 2.46 | 2.22 | 1.98 |
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Capital Turnover Ratio
Cigniti Technologies demonstrates excellent coverage ratios, indicating a strong ability to meet its interest and dividend obligations. The company's interest coverage ratio is exceptionally high, ensuring it can comfortably cover its interest expenses. The equity dividend coverage ratio is also strong, indicating the company can easily cover its dividend payments to equity shareholders. Overall, the coverage ratios reflect a stable and secure financial position, reducing the risk of financial distress.
| Coverage Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Interest Coverage Ratio | 17.38 | 24.5 | 25.4 | 56.5 | 56 | 91.67 |
| Equity Dividend Coverage Ratio | N/A | 14.29 | 12.5 | 11.11 | 20 | N/A |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
Cigniti Technologies exhibits excellent solvency, indicating a very strong and stable financial structure. The company maintains low debt levels relative to its equity and assets, providing a solid financial foundation. This conservative approach to debt ensures long-term financial health and reduces vulnerability to economic downturns. The high equity ratio further supports the company's stability. Overall, the company's solvency ratios reflect prudent financial management and a low-risk profile.
| Solvency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debt Ratio | 0.07 | 0.07 | 0.04 | 0.03 | 0.03 |
| Debt to Equity Ratio | 0.08 | 0.08 | 0.04 | 0.03 | 0.03 |
| Equity Ratio | 0.93 | 0.93 | 0.96 | 0.97 | 0.97 |
| Debt To Asset Ratio | 0.06 | 0.05 | 0.03 | 0.02 | 0.02 |
Debt Ratio
Debt to Equity Ratio
Equity Ratio
Debt To Asset Ratio
The company's liquidity position reflects a good ability to meet its short-term obligations. A strong current and quick ratio indicate sufficient liquid assets. While the cash ratio demonstrates an adequate level of cash holdings, the operating cash flow ratio suggests the company generates enough cash from its operations to cover current liabilities. This balance provides financial flexibility but might also indicate opportunities to invest excess cash more productively.
| Liquidity Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Current Ratio | 2.75 | 2.27 | 2.3 | 2.58 | 3.92 |
| Quick Ratio | 2.75 | 2.27 | 2.3 | 2.58 | 3.92 |
| Cash Ratio | 0.98 | 0.56 | 0.46 | 0.65 | 1.03 |
| Operating Cash Flow Ratio | 1.11 | 0.19 | 0.68 | 0.52 | 0.65 |
Current Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Mastek Ltd | 9.19 | 12.32 | Neutral | 586.00 | 65.30 | 404.00 |
| 2 | Nucleus Software Exports Ltd | 8.42 | 17.71 | Undervalued | 126.00 | 44.94 | 117.00 |
| 3 | Cigniti Technologies Ltd | 8.37 | 17.25 | Neutral | 289.00 | 44.63 | 200.00 |
| 4 | Datamatics Global Services Ltd | 8.30 | 24.39 | Neutral | 372.00 | 15.13 | 195.00 |
| 5 | Happiest Minds Technologies Ltd | 7.17 | 24.74 | Neutral | 403.00 | 14.72 | 213.00 |
| 6 | Sasken Technologies Ltd | 7.00 | 72.83 | Overvalued | 88.00 | 42.58 | 59.00 |
| 7 | Saksoft Ltd | 6.44 | 13.93 | Neutral | 187.00 | 5.63 | 133.00 |
| 8 | RPSG Ventures Ltd | 6.24 | -20.89 | Neutral | 1605.00 | 54.43 | 2.00 |
| 9 | Ramco Systems Ltd | 3.39 | 49.88 | Neutral | 158.00 | 1.38 | 42.00 |
| 10 | R Systems International Ltd | 2.83 | 16.79 | Neutral | 336.00 | 21.19 | 213.00 |
Cigniti Technologies' management demonstrates strengths, including strong compounded profit growth and healthy ROCE. Consistent sales growth is evident. Concerns arise from fluctuating promoter holding and a dip in the operating profit margin in Mar 2024. Increased institutional holding is positive. Overall, the management's effectiveness is rated orange, requiring attention to address inconsistencies and sustain long-term growth.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Compounded Profit Growth (3Y, TTM) | 34% | Strong profit growth |
| Return on Capital Employed (ROCE) | 25.38% | Capital being used productively | |
| Institutional Holding (FII/DII) | 20.32% | Attractiveness to institutional investors | |
| CONS | Promoter Holding (Sep 2024) | 22.68% | Fluctuations in confidence and alignment with shareholders |
| Operating Profit Margin (Mar 2024) | 7% | Declining operational efficiency |
Financial Performance & Growth
Cigniti Technologies has demonstrated varied financial performance and growth. Compounded sales growth shows consistent expansion, while profit growth has been more volatile. The OPM% experienced a dip, but has shown recovery. Sales Growth has been robust, while profit growth demonstrates inconsistency, which creates a mixed scenario.
| Metric | 2015-2017 | 2018-2020 | 2021-2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Compounded Sales Growth (%) | 23.35% | 8.54% | 21.34% | 10.16% | 10.98% |
| Compounded Profit Growth (%) | -13.83% | 2.74% | 21.46% | -0.97% | 20.48% |
Capital Efficiency & Returns
Cigniti Technologies exhibits good capital efficiency and returns as indicated by its ROCE and ROE. The ROCE has been consistently strong, indicating effective utilization of capital employed. ROE also reflects good returns on shareholder funds.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -13% | 41% | 86% | 45% | 36% | 26% | 38% | 31% | 34% |
Financial Health & Prudence
Cigniti Technologies demonstrates good financial health and prudence through effective debt management and interest coverage. The company maintains a reasonable debt-to-equity ratio, suggesting controlled leverage. Interest coverage is adequate, ensuring the company can comfortably meet its interest obligations. Dividend payouts reflect a commitment to sharing profits with shareholders.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Borrowings | 144 | 131 | 74 | 121 | 46 | 80 | 56 | 57 | 28 |
| Interest Coverage | -1.38 | 3.06 | 8.87 | 16.13 | 24.17 | 24.40 | 55.50 | 55.00 | 90.67 |
Shareholding & Ownership Structure
The shareholding and ownership structure of Cigniti Technologies presents a mixed picture. There have been fluctuations in promoter holding over the recent quarters, which may raise concerns about long-term commitment. Institutional holding, including FIIs and DIIs, has increased, indicating growing interest from institutional investors.
| Shareholding Pattern | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 35.25% | 36.81% | 36.81% | 34.61% | 34.59% | 33.46% | 32.77% | 32.77% | 32.77% | 22.68% | 55.32% | 55.16% |
| FIIs + | 0.74% | 0.79% | 1.59% | 5.13% | 6.22% | 6.32% | 6.04% | 6.06% | 5.73% | 4.64% | 8.25% | 9.73% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.07% | 0.09% | 2.12% | 6.97% | 10.42% | 10.59% |
The risk assessment for Cigniti Technologies indicates a moderate level of risk. While the company exhibits strengths in ROCE and debt management, there are concerns regarding segment performance volatility due to fluctuations in sales and profit growth. Additionally, changes in promoter holding and other income contribution raise concerns about stability and core operational focus.
Segment performance volatility
Cigniti Technologies experiences segment performance volatility as evidenced by fluctuations in quarterly sales and profit growth. The inconsistency in YOY Sales Growth % and YOY Profit Growth % indicates instability in segment performance.
| Quarter | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales Growth | 47.66% | 42.98% | 35.32% | 31.50% | 23.51% | 16.29% | 8.44% | 9.35% | 7.22% | 6.59% | 10.48% | 10.34% | 16.38% |
| Profit Growth | -8% | 52% | 87% | 75% | 118% | 44% | 10% | 3% | -45% | -43% | 15% | 32% | 170% |
Foreign exchange or interest rate exposure
Cigniti Technologies has potential exposure to foreign exchange or interest rate risks, as indicated by fluctuations in other income and interest expenses. Changes in other income may reflect the impact of foreign exchange rate variations on international transactions. Fluctuations in interest expenses could result from changes in interest rates on borrowings.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Other Income - | 13 | 15 | 33 | 20 |
| Interest | 5 | 4 | 4 | 3 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
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Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
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Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
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Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
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Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Week Timeframe
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Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Month Timeframe